Document:

Exhibit 10.15

  

   

  

  AMENDMENT AGREEMENT dated as of December 31, 2018 (this “Amendment”),

    to the Credit Agreement dated as of August 15, 2018 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”),
    among NEW FORTRESS ENERGY HOLDINGS LLC, a Delaware limited liability company (“Holdings”), NFE ATLANTIC HOLDINGS LLC, a Delaware limited liability company (the “Borrower”), the SUBSIDIARY GUARANTORS (as defined in Section 1.1 of the Credit Agreement) from time to time party thereto, the LENDERS (as defined in the preamble to
    the Credit Agreement) from time to time party thereto and MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent (in such capacity, the “Administrative Agent”).

   

    

  A.                    Pursuant to the Credit Agreement, the Lenders have extended credit
      to the Borrower.

   

    

  B.                    The Borrower has requested that the Required Lenders agree to amend
      the Credit Agreement to provide for the issuance of additional Term Loans in an aggregate principal amount of $500,000,000 (“Additional Term Loans”) upon the
      terms, and subject to the conditions, set forth herein and in the Amended and Restated Credit Agreement (as defined in Section 1 hereof).

   

    

  C.                    The Borrower has requested that the Lenders set forth on Schedule 1 hereto (the “Additional Term Loan Lenders”) commit to make (i) Additional
      Term Loans in an aggregate principal amount equal to $280,000,000 on the Restatement Effective Date (as defined in Section 3 hereof) (the “Initial Additional Term Loans”)

      and (ii) additional Additional Term Loans in an aggregate principal amount equal to $220,000,000 after the Restatement Effective Date (the “Delayed Draw Additional Term
        Loans”), and such Additional Term Loan Lenders commit to make such Additional Term Loans, in each case upon the terms, and subject to the conditions, set forth herein and in the Amended and Restated Credit Agreement. The proceeds of the
      Additional Term Loans will be used to repay in full all Term Loans outstanding immediately prior to giving effect to this Amendment (the “Existing Term Loans”)
      under the Credit Agreement, together with accrued and unpaid interest thereon, to pay fees and expenses related to the transactions contemplated by this Amendment and the Amended and Restated Credit Agreement, and for general corporate purposes,
      including capital expenditures of the Borrower and its Subsidiaries and future construction projects under development.

   

    

  D.                    In connection with the foregoing, the Borrower has requested that,
      immediately following the making of the Initial Additional Term Loans and the Loan Repayment (as defined in Section 1 hereof), the Required Lenders (determined immediately following the making of the Initial Additional Term Loans and the Loan
      Repayment) agree to amend and restate the Credit Agreement to be in the form of Exhibit A hereto, in order to provide for the terms of the Additional Term Loans and for
      certain other amendments to the terms thereof as further set forth therein.

   

    

  E.                    (i) The Additional Term Loan Lenders are willing to make the
      Initial Additional Term Loans to the Borrower on the Restatement Effective Date and the Delayed Draw Additional Term Loans to the Borrower after the Restatement Effective Date, and (ii) the Required Lenders (determined immediately following the
      making of the Initial Additional Term Loans and the Loan Repayment) are willing to agree to the amendments to the Credit Agreement provided for herein, in each case upon the terms set forth herein and in the Amended and Restated Credit Agreement and
      subject to the conditions set forth herein and therein.

  
    
      

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  F.                     Capitalized terms used but not defined herein shall have the
      meanings assigned to them in the Amended and Restated Credit Agreement or, if not defined therein, in the Credit Agreement.  The provisions of Section 1.2 of the Credit Agreement are hereby incorporated by reference herein, mutatis mutandis.

   

    

  Accordingly, in consideration of the mutual agreements contained herein and other good and valuable consideration, the sufficiency and
      receipt of which are hereby acknowledged, the parties hereto agree as follows:

   

    

  SECTION 1.          Making

          of Initial Additional Term Loans; Loan Repayment; Amendment and Restatement.  (a)  (i)  Subject to the terms and conditions set forth herein and in the Amended and Restated Credit Agreement, each Additional Term Loan Lender severally
      agrees to make to the Borrower, (A) on the Restatement Effective Date, an Initial Additional Term Loan, in a principal amount equal to the amount set forth next to such Additional Term Loan Lender’s name on Schedule 1 under the column “Initial Additional Term Loan Commitment,” and (B) after the Restatement Effective Date, Delayed Draw Additional Term Loans, in an aggregate principal amount up to but not exceeding the
      amount set forth next to such Additional Term Loan Lender’s name on Schedule 1 under the column “Delayed Draw Additional Term Loan Commitment.”  Amounts borrowed under this
      Section 1 and repaid or prepaid may not be reborrowed.

   

    

  
    	
            

            

          	
            (ii)

          	
            The commitment of each Additional Term Loan Lender in respect of Initial Additional Term Loans shall be automatically and permanently reduced to $0
                upon the making of such Additional Term Loan Lender’s Initial Additional Term Loans on the Restatement Effective Date pursuant to Section 1(a)(i) hereof.

          

  

  

  

  
    	
            

            

          	
            (iii)

          	
            The proceeds of the Additional Term Loans are to be used by the Borrower solely for the purposes set forth in Recital C of this Amendment and as
                further set forth herein and in the Amended and Restated Credit Agreement.

          

  

  

  

  
    
      (b) (i)  On the Restatement Effective Date, immediately
          following the making of the Initial Additional Term Loans, the Borrower shall apply the proceeds thereof to prepay the Existing Term Loans in full, together with accrued and unpaid interest thereon and any fees and expenses payable in connection
          therewith, pursuant to Section 2.10 of the Amended and Restated Credit Agreement (such prepayment, the “Loan Repayment”).

    

    
      
        

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            (ii)

          	
            The Administrative Agent and the Required Lenders, as determined immediately prior to giving effect to this Amendment, hereby waive the requirement
                set forth in Section 2.10 of the Credit Agreement that notice be given to the Administrative Agent of the Loan Repayment.

          

  

  

  

  
    	 	
            (iii)

          	
            The Borrower hereby agrees that the making of the Initial Additional Term Loans and the Loan Repayment constitute a “Refinancing” as defined in
                that certain Engagement Letter, dated August 15, 2018, by and among the Borrower, Morgan Stanley & Co. LLC, Morgan Stanley Senior Funding, Inc. and Barclays Capital Inc.

          

  

  

  

  
    
      (c) Effective as of the Restatement Effective Date, immediately
          following the Loan Repayment, (i) the Credit Agreement is hereby amended and restated in its entirety in the form of Exhibit A hereto (the Credit Agreement, as so
          amended and restated, being referred to as the “Amended and Restated Credit Agreement”) and (ii) the Schedules attached hereto as Annex I hereby replace in their entirety the corresponding Schedules attached to the Credit Agreement.

    

  

   

    

  SECTION 2.          Representations

          and Warranties.  To induce the other parties hereto to enter into this Amendment, each of Holdings, the Borrower and each other Loan Party hereby represents and warrants to each of the Lenders and the Administrative Agent that, as of
      the Restatement Effective Date: (i) this Amendment (A) has been duly authorized by all necessary corporate or other organizational and, if required, member or shareholder action of such Person, (B) has been duly executed and delivered by such Person
      and (C) constitutes a legal, valid and binding obligation of such Person enforceable against each of them in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
      similar laws affecting the enforcement of creditors’ rights generally and by equitable principles (whether enforcement is sought by proceedings in equity or at law), (ii)(A) the representations and warranties set forth in Section 3 of the Amended and
      Restated Credit Agreement or in any other Loan Document are true and correct in all material respects on and as of the Restatement Effective Date to the same extent as though made on and as of that date, except to the extent such representations and
      warranties specifically relate to an earlier date, in which case such representations and warranties are true and correct in all material respects on and as of such earlier date; provided
      that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof and (B) after giving effect to this Amendment and the transactions
      contemplated hereby, no Default or Event of Default has occurred and is continuing.

  
    
      

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  SECTION 3.          Effectiveness.  Each of (i) this Amendment and (ii) (A) the obligations of each Additional Term Loan Lender to make the Initial Additional Term Loans hereunder and (B) the
      amendment and restatement of the Credit Agreement (in the order set forth in Section 1 hereof) shall become effective as of the first date (such date being referred to as the “Restatement Effective Date”) that each of the following conditions shall have been satisfied or waived in accordance with the terms of the Credit Agreement:

   

    

  
    
      (a) the Administrative Agent (or its counsel) shall have
          received this Amendment, executed and delivered by a duly authorized officer or signatory of Holdings, the Borrower, each other Loan Party party to the Credit Agreement on the Restatement Effective Date, the Subsidiaries identified on Schedule 2 hereto (the “New Loan Parties”), the Required Lenders (determined after
          the making of the Initial Additional Term Loans and the Loan Repayment) and each Additional Term Loan Lender;

    

     

    

  

  
    
      (b) the Administrative Agent shall have received a Funding
          Notice with respect to the Initial Additional Term Loans, duly executed and delivered by the Borrower on or prior to the Restatement Effective Date;

    

     

    

  

  
    
      (c) the Administrative Agent shall be satisfied that the Loan
          Repayment shall be consummated substantially concurrently with the funding of the Initial Additional Term Loans on the Restatement Effective Date;

    

     

    

  

  
    
      (d) the Administrative Agent shall have received documents and
          certificates relating to the organization, existence and good standing of each Loan Party and the authorization of this Amendment and transactions contemplated hereby, all in form and substance reasonably satisfactory to the Administrative Agent;

    

     

    

  

  
    
      (e) the Administrative Agent shall have received a certificate
          of each Loan Party, certifying as to the satisfaction of (x) the matters set forth in clauses (h) and (i) below and (y) the conditions precedent set forth in this Section 3, all in form and substance reasonably satisfactory to the Administrative
          Agent;

    

     

    

  

  
    
      (f) the Lenders shall have received a solvency certificate, in
          form and substance reasonably satisfactory to the Administrative Agent, executed by a Responsible Officer of Holdings and certifying that the NFE Group Members, on a consolidated basis after giving effect to this Amendment and the transactions
          contemplated hereby on the Restatement Effective Date, are Solvent;

    

     

    

  

  
    
      (g) the Administrative Agent shall have received, in form and
          substance reasonably acceptable to the Administrative Agent, a legal opinion of (i) Cravath, Swaine & Moore LLP, New York counsel to Holdings, the Borrower and its Subsidiaries, (ii) Myers, Fletcher & Gordon, Jamaican counsel to Holdings,
          the Borrower and its Subsidiaries, (iii) Clarke Gittens Farmer, Barbados counsel to Holdings, the Borrower and its Subsidiaries, (iv) Conyers Dill & Pearman Limited, Bermuda counsel to Holdings, the Borrower and its Subsidiaries, and (v)
          Sanabria Bauermeister Garcia & Berio, LLC, Puerto Rico counsel to Holdings, the Borrower and its Subsidiaries, in each case dated the date hereof and addressed to the Administrative Agent and the Lenders;

    

     

    

  

  
    
      (h) as of the Restatement Effective Date, the representations
          and warranties contained in Section 2 herein shall be true and correct in all material respects;

    

    
      
        

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      (i) no event shall have occurred and be continuing or would
          result from the making of the Initial Additional Term Loans on the Restatement Effective Date that would constitute an Event of Default or a Default;

    

     

    

  

  
    
      (j) the Lenders shall have received, at least three Business
          Days prior to the Restatement Effective Date, to the extent requested sufficiently in advance thereof, all documentation and other information with respect to the Borrower required by bank regulatory authorities under applicable “know your
          customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act; and

    

     

    

  

  
    
      (k) the Borrower shall have paid (or the Additional Term Loan
          Lenders and/or the Administrative Agent shall withhold from the proceeds of the Initial Additional Term Loans being made on the Restatement Effective Date) all fees due and payable as of the Restatement Effective Date pursuant to Section 4 hereof
          and Section 2.8 of the Credit Agreement to the Administrative Agent (for distribution, as appropriate, to the Lenders), and all expenses required to be paid pursuant to Section 9.5 of the Credit Agreement for which reasonably detailed invoices
          have been presented to the Borrower prior to the Restatement Effective Date shall have been paid to the Administrative Agent.

    

  

   

    

  The Administrative Agent shall notify the Borrower and the Lenders (including the Additional Term Loan Lenders) of the Restatement
      Effective Date, and such notice shall be conclusive and binding.

   

    

  SECTION 4.          Reaffirmation

          of Guaranty and Security. (a)  Each Loan Party, by its signature below, hereby agrees that, notwithstanding the effectiveness of this Amendment and the Amended and Restated Credit Agreement, the Security Documents and the Guarantee
      Agreements continue to be in full force and effect.

   

    

  
    
      (b) Each Loan Party, by its signature below, affirms and
          confirms (i) its obligations under each of the Loan Documents to which it is a party, (ii) its guarantee of the Obligations and (iii) the pledge of and/or grant of a security interest in its assets as Collateral to secure the Obligations, all as
          provided in the Loan Documents as originally executed, and acknowledges and agrees that such guarantee, pledge and/or grant continue in full force and effect in respect of, and to secure, the Obligations under the Amended and Restated Credit
          Agreement and the other Loan Documents.

    

     

    

  

  
    
      (c) In addition to, and not in lieu of, any other Liens for the
          benefit of the Lenders, as security for the payment or performance in full of its Obligations, Holdings, the Borrower and each of the other Loan Parties party hereto hereby grants to the Administrative Agent for the benefit of the Secured Parties
          a security interest in all of its right, title and interest in and to the Collateral (as defined in the Security Agreement, the Pledge Agreement and each other applicable Security Document).

    

     

    

  

  
    
      (d) Pursuant to any applicable law, each Grantor hereby
          authorizes the filing of any financing statements or continuation statements, and amendments of financing statements, with respect to the Collateral or any Mortgaged Property in such form and in such offices as the Administrative Agent may
          reasonably determine are necessary or advisable to perfect the security interest granted to the Administrative Agent in connection with this Amendment and the other Loan Documents. Such financing statements may contain an indication or
          description of collateral that describes such property in any manner as the Administrative Agent may determine, in its sole discretion, is necessary to ensure the perfection of the security interest in the collateral granted to the Administrative
          Agent in connection with this Amendment and the other Loan Documents, including describing such property as “All assets whether now owned or hereafter acquired.” or “All personal property whether now owned or hereafter acquired” or words of
          similar meaning. Each Grantor hereby ratifies and authorizes the filing by the Administrative Agent of any financing statement with respect to the Collateral or the Mortgaged Property made prior to the date hereof.

    

  

  
    
      

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  SECTION 5.          Costs

          and Expenses.  The Loan Parties agree to reimburse the Administrative Agent for its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Amendment, including the fees, charges and disbursements of
      Skadden, Arps, Slate, Meagher & Flom LLP, Patterson Mair Hamilton, Appleby (Bermuda) Limited, Chancery Chambers and Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C..

   

    

  SECTION 6.          Non-Reliance

          on Administrative Agent.  Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has
      deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to make its Additional
      Term Loans hereunder and enter into this Amendment.  Each Lender also represents that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem
      appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Amendment, the Amended and Restated Credit Agreement and the other Loan Documents, and to make such investigation as
      it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

   

    

  SECTION 7.          Post-Closing

          Covenants.  The Borrower shall, and shall cause its Subsidiaries to, take the actions set forth on Schedule 3 hereto within the time periods specified
      therein or by such later date as the Administrative Agent may agree.

   

    

  SECTION 8.          Joinder.

   

    

  
    
      (a) By its execution of this Amendment, each New Loan Party
          shall (a) become, from the date hereof, a party to the Amended and Restated Credit Agreement as a Loan Party and a Subsidiary Guarantor for all purposes under the Amended and Restated Credit Agreement and the other Loan Documents, (b) be bound
          by, and hereby confirms its agreement to perform and observe, as of the date hereof, all covenants, agreements, consents, submissions, appointments and acknowledgements applicable to a Loan Party and a Subsidiary Guarantor in the Amended and
          Restated Credit Agreement and the other Loan Documents and (c) accept and assume all obligations and liabilities of a Loan Party and a Subsidiary Guarantor under the Amended and Restated Credit Agreement and the other Loan Documents.  Each
          reference to a Loan Party or a Subsidiary Guarantor in the Amended and Restated Credit Agreement and the other Loan Documents shall, from the date hereof, be deemed to include each New Loan Party.

    

     

    

  

  
    
      (b) By executing and delivering this Amendment, the New Loan
          Parties, as provided in Section 3.14 of the Guarantee Agreement, hereby become party to the Guarantee Agreement as Guarantors thereunder with the same force and effect as if originally named therein as Guarantors and, without limiting the
          generality of the foregoing, hereby expressly assume all obligations and liabilities of Guarantors thereunder.

    

     

    

  

  
    
      (c) By executing and delivering this Amendment, the New Loan
          Parties, as provided in Section 7.13 of the Security Agreement, hereby become party to the Security Agreement as Grantors thereunder with the same force and effect as if originally named therein as Grantors and, without limiting the generality of
          the foregoing, hereby expressly assume all obligations and liabilities of Grantors thereunder.  In furtherance of the foregoing, each New Loan Party, as security for the payment and performance in full of its Obligations, does hereby grant to the
          Administrative Agent for the benefit of the Secured Parties a security interest in all of such New Loan Party’s right, title and interest in and to the Collateral (as defined in the Security Agreement) of such New Loan Party.  The applicable
          information set forth in Schedule 2 hereto is hereby added to the information set forth in the Schedules to the Security Agreement and the Schedules shall be deemed so
          amended.  The New Loan Parties hereby represent and warrant that each of the representations and warranties contained in Section 3 of the Security Agreement with respect to the New Loan Parties is true and correct on and as the date hereof (after
          giving effect to this Amendment) as if made on and as of such date.

    

  

  
    
      
        
          

        7

      

      (d) By executing and delivering this Amendment, the New Loan
          Parties, as provided in Section 7.13 of the Pledge Agreement, hereby become party to the Pledge Agreement as Grantors thereunder with the same force and effect as if originally named therein as Grantors and, without limiting the generality of the
          foregoing, hereby expressly assume all obligations and liabilities of Grantors thereunder.  In furtherance of the foregoing, each New Loan Party, as security for the payment and performance in full of its Obligations, does hereby grant to the
          Administrative Agent for the benefit of the Secured Parties a security interest in all of such New Loan Party’s right, title and interest in and to the Collateral (as defined in the Pledge Agreement) of such New Loan Party.  The applicable
          information set forth in Schedule 2 hereto is hereby added to the information set forth in Schedule 1, Schedule 2 and Schedule 3 to the Pledge Agreement and the
          Schedules shall be deemed so amended.  The New Loan Parties hereby represent and warrant that each of the representations and warranties contained in Section 3 of the Pledge Agreement with respect to the New Loan Parties is true and correct on
          and as the date hereof (after giving effect to this Amendment) as if made on and as of such date.

    

  

   

    

  SECTION 9.          Counterparts.  This Amendment may be executed by one or more of the parties to this Amendment on any number of counterparts, and all of said counterparts taken together shall
      be deemed to constitute one and the same instrument. Delivery of an executed signature page to this Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. A set of the copies
      of this Amendment signed by all the parties shall be lodged with the Borrower and the Administrative Agent.

   

    

  SECTION 10.        Governing

          Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
      THE LAW OF THE STATE OF NEW YORK.

   

    

  SECTION 11.        Submission

          To Jurisdiction; Waivers.  Each party hereto hereby irrevocably and unconditionally:

   

    

  
    
      (a) submits for itself and its Property in any legal action or
          proceeding relating to this Amendment and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York, the
          courts of the United States of America for the Southern District of New York, and appellate courts from any thereof;

    

     

    

  

  
    
      (b) consents that any such action or proceeding may be brought
          in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the
          same;

    

     

    

  

  
    
      (c) agrees that service of process in any such action or
          proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to its address set forth in Section 9.2 of the Amended and Restated Credit Agreement or at such
          other address of which the Administrative Agent shall have been notified pursuant thereto;

    

     

    

  

  
    
      
        
          

        8

      

      (d) agrees that the Administrative Agent and the Lenders retain
          the right to bring proceedings against any Loan Party in the courts of any other jurisdiction in connection with the exercise of any rights under any Security Document or the enforcement of any judgment;

    

     

    

  

  
    
      (e) agrees that nothing herein shall affect the right to effect
          service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and

    

     

    

  

  
    
      (f) waives, to the maximum extent not prohibited by law, any
          right it may have to claim or recover in any legal action or proceeding referred to in this Section 11 any special, exemplary, punitive or consequential damages.

    

  

   

    

  SECTION 12.        Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

   

    

  SECTION 13.        No
          Novation; Effect of Amendment.  The parties hereto acknowledge and agree that (a) except as otherwise expressly provided herein with respect to
      the Loan Repayment, the Amended and Restated Credit Agreement and all other Loan Documents executed and delivered therewith do not constitute a novation or termination of the Obligations under the Credit Agreement and the other Loan Documents as in
      effect prior to the Restatement Effective Date, and (b) the liens and security interests in favor of the Administrative Agent for the benefit of the Secured Parties securing payment of such Obligations are in all respects continuing and in full force
      and effect with respect to all such Obligations.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the
      Administrative Agent, or the Loan Parties under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit
      Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification
      or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.  This Amendment shall apply and be effective only with respect
      to the provisions of the Credit Agreement.  After the date hereof, any reference to the Credit Agreement shall mean the Credit Agreement, as modified hereby.

  

  

  [Remainder of this page intentionally left blank]

  
    
      

  

  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their duly authorized officers, all as of the
      date and year first above written.

  

  

  	 	
          NEW FORTRESS ENERGY 

          HOLDINGS LLC

        
	 	 
	 	
          By:

        	/s/ Christopher Guinta

        
	 	 	
          Name: Christopher Guinta

        
	 	 	
          Title: Chief Financial Officer

            

        

  

  

  	 	
          NFE ATLANTIC HOLDINGS LLC

        
	 	 
	 	
          By:

        	/s/ Christopher Guinta 
	 	 	
          Name: Christopher Guinta

        
	 	 	
          Title: Chief Financial Officer

        

   

  

  
     

    

    [New Fortress Energy Holdings Amendment Agreement]

    
      
        

    

     

    
      	 	
              AMERICAN LNG MARKETING LLC

              AMERICAN NATURAL GAS HOLDINGS LLC

              ATLANTIC ENERGY HOLDINGS LLC

              BRADFORD COUNTY DEVELOPMENT HOLDINGS LLC

              BRADFORD COUNTY GPF HOLDINGS LLC

              BRADFORD COUNTY GPF PARTNERS LLC

              BRADFORD COUNTY POWER HOLDINGS LLC

              BRADFORD COUNTY POWER PARTNERS LLC

              BRADFORD COUNTY REAL ESTATE HOLDINGS LLC

              BRADFORD COUNTY REAL ESTATE PARTNERS LLC

              BRADFORD COUNTY TRANSPORT HOLDINGS LLC

              BRADFORD COUNTY TRANSPORT PARTNERS LLC

              ENERGY TRANSPORT SOLUTIONS LLC

              ISLAND LNG LLC

              LNG HOLDINGS (FLORIDA) LLC

              LNG HOLDINGS LLC

              NEW FORTRESS ENERGY MARKETING LLC

              NFE BCS HOLDINGS (A) LLC

              NFE BCS HOLDINGS (B) LLC

              NFE EQUIPMENT HOLDINGS LLC

              NFE EQUIPMENT PARTNERS LLC

              NFE ISO HOLDINGS LLC

              NFE ISO PARTNERS LLC

              NFE LOGISTICS HOLDINGS LLC

              NFE MANAGEMENT LLC

              NFE MEXICO HOLDINGS LLC

              NFE PLANT DEVELOPMENT HOLDINGS LLC

              NFE SOUTH POWER HOLDINGS LLC

              NFE TRANSPORT HOLDINGS LLC

              NFE TRANSPORT PARTNERS LLC

              TICO DEVELOPMENT PARTNERS HOLDINGS LLC

              TICO DEVELOPMENT PARTNERS LLC

              NFE GHANA PARTNERS LLC

              NFE GHANA HOLDINGS LLC

              AMERICAN ENERGY LOGISTICS SOLUTIONS LLC

              LA DEVELOPMENT HOLDINGS LLC

              LA REAL ESTATE HOLDINGS LLC

              LA REAL ESTATE PARTNERS LLC

              PA DEVELOPMENT HOLDINGS LLC

              PA REAL ESTATE HOLDINGS LLC

              PA REAL ESTATE PARTNERS LLC

              NFE HONDURAS HOLDINGS LLC

            
	 	 	 
	 	
              By:

            	/s/ Christopher Guinta

            
	 	
              Name:

            	
              Christopher Guinta

            
	 	
              Title:

            	
              Chief Financial Officer

            

      

      

      [New Fortress Energy Holdings Amendment Agreement]

      
        
          

      

      	 	
              ATLANTIC DISTRIBUTION HOLDINGS SRL 

              ATLANTIC ENERGY HOLDINGS LIMITED 

              ATLANTIC POWER HOLDINGS SRL 

              ATLANTIC TERMINAL HOLDINGS LIMITED 

              ATLANTIC POWER HOLDINGS LIMITED

              NFE NORTH HOLDINGS LIMITED [BERMUDA]

              NFE NORTH INFRASTRUCTURE LIMITED

              NFE NORTH TRADING LIMITED

              NFE SOUTH HOLDINGS LIMITED [BERMUDA]

              NFE SOUTH POWER TRADING LIMITED

              NFE SOUTH TRADING LIMITED

              NFE NORTH DISTRIBUTION LIMITED

              NFE NORTH HOLDINGS LIMITED [JAMAICA]

              NFE NORTH TRANSPORT LIMITED

              NFE SOUTH HOLDINGS LIMITED [JAMAICA]

              NFE SOUTH POWER HOLDINGS LIMITED

            
	 	 	 
	 	
              By:

            	/s/ Christopher Guinta
	 	
              Name:

            	
              Christopher Guinta

            
	 	
              Title:

            	
              Director

            

      

      

      [New Fortress Energy Holdings Amendment Agreement]

      
        
          

      

      	 	
              AMAUNET S. DE R.L. DE C.V.

              NFENERGIA MEXICO S. DE R.L. DE C.V. 

              NFE PACIFICO LAP S. DE R.L. DE C.V.

              NFENERGIA GN DE BCS, S. DE R.L. DE C.V.

            
	 	 	 
	 	
              By:

            	/s/ Christopher Guinta
	 	
              Name:

            	
              Christopher Guinta

            
	 	
              Title:

            	
              Legal Representative

            

      

        [New Fortress Energy Holdings Amendment Agreement]

      

      
        
          

      

      	 	
              NFE MEXICO HOLDINGS B.V.

              NFE MEXICO HOLDINGS PARENT B.V.

            
	 	 	 
	 	
              By:

            	/s/ Christopher Guinta
	 	
              Name:

            	
              Christopher Guinta

            
	 	
              Title:

            	
              Authorized Signatory

            

      

      

      [New Fortress Energy Holdings Amendment Agreement]

      
        
          

      

      	 	
              NFENERGIA LLC

              SOLUCIONES DE ENERGIA LIMPIA PR LLC

            
	 	 	 
	 	
              By:

            	/s/ Christopher Guinta
	 	
              Name:

            	
              Christopher Guinta

            
	 	
              Title:

            	
              Authorized Signatory

            

      

      

    

     [New Fortress Energy Holdings Amendment Agreement]

     

  

  
    
      

  

  	 	
          MORGAN STANLEY SENIOR 

           
          FUNDING, INC.,
            

          as Administrative Agent, a Lender and an 

          Additional Term Loan Lender

        
	 	 
	 	
          By:

        	/s/ Chance Moreland

        
	 	 	
          Name: Chance Moreland

            

        
	 	 	
          Title: Authorized Signatory

            

        

   

  

   

  

  
    [New Fortress Energy Holdings Amendment Agreement]

  

  
    
      

  

  	 	
          BARCLAYS BANK PLC, as a Lender and 

          an Additional Term Loan Lender

        
	 	 
	 	
          By:

        	/s/ Craig Molson

        
	 	 	
          Name: Craig Molson

            

        
	 	 	
          Title: Managing Director

            

        

  

  

  

  

  
    [New Fortress Energy Holdings Amendment Agreement]

  

  
    
      

  

  Schedule 1

  

  

  Additional Term Loan Commitments

  

  

  	
          Lender

        	
          Initial Additional Term Loan 

          Commitment

        	
          Delayed Draw Additional 

          Term Loan Commitment

        
	
          Morgan Stanley Senior Funding, Inc.

        	
          $165,000,000

        	
          $220,000,000

        
	
          Barclays Bank PLC

        	
          $115,000,000

        	
          $0

        
	
          TOTAL

        	
          $280,000,000

        	
          $220,000,000

        

  

  

  
    
      

  

  Schedule 2

  

  

  New Loan Parties and Supplemental Security Document Schedules

  

  

  (please see attached)

  

  

  
    
      

  

  
    Schedule 2

    

    

    New Loan Parties and Supplemental Security Document Schedules

    

    

    
      
        	1.	
                NFE Honduras Holdings LLC

              

      

    

    

    

    
      
        	2.	
                NFEnergia GN de BCS, S. de R.L. de C.V.

              

      

    

    

    

    
      
        	3.	
                NFEnergia LLC

              

      

    

    

    

    
      
        	4.	
                Soluciones de Energia Limpia PR LLC

              

      

    

    
      
        

    

    DESCRIPTION OF PLEDGED EQUITY

    

    

    	
            Issuer

          	
            Grantor

          	
            Certificate No.

          	
            No. of

            Shares/Units

          	
            Percentage

            Pledged

          
	
            NFE Honduras Holdings LLC

          	
            Atlantic Energy Holdings LLC

          	
            N/A

          	
            100 LLC membership interests

          	
            100%

          
	
            NFEnergia GN de BCS, S. de R.L. de C.V.

          	
            NFE Mexico Holdings B.V.

          	
            N/A

          	
            N/A

          	
            99.9%

          
	
            NFEnergia GN de BCS, S. de R.L. de C.V.

          	
            NFEnergia Mexico, S. de R.L. de C.V.

          	
            N/A

          	
            N/A

          	
            0.1%

          
	
            NFEnergía LLC

          	
            Atlantic Energy Holdings LLC

          	
            N/A

          	
            100 LLC membership interests

          	
            100%

          
	
            Soluciones de Energia Limpia PR LLC 

            

          	
            NFEnergía LLC

          	
            N/A

          	
            100 LLC membership interests

          	
            100%

          

    

    

    FILINGS AND OTHER ACTIONS

    REQUIRED TO PERFECT SECURITY INTERESTS

    

    

    Uniform Commercial Code Filings

    

    

    	
            Grantor Entity Name

          	
            Jurisdiction

          	
            Office

          
	
            NFE Honduras Holdings LLC

          	
            Delaware

          	
            Delaware Secretary of State

          
	
            NFEnergia GN de BCS, S. de R.L. de C.V.

          	
            District of Columbia

          	
            District of Columbia Recorder of Deeds

          
	
            NFEnergía LLC

          	
            Puerto Rico

          	
            Puerto Rico Departamento de Estado

          
	
            Soluciones de Energia Limpia PR LLC

          	
            Puerto Rico

          	
            Puerto Rico Departamento de Estado

          

    

    

    
      
        

    

    Other Actions with respect to Pledged Equity

    

    

    None.

    

    

    JURISDICTION OF ORGANIZATION, TYPE OF ORGANIZATION,

    IDENTIFICATION NUMBER AND

    LOCATION OF CHIEF EXECUTIVE OFFICE OR REGISTERED OFFICE

    

    

    	
            Grantor

          	
            Type of

            Organization

          	
            Jurisdiction of

            Organization

          	
            Identification

            Number

          	
            Location of

            Chief Executive

            Office or Registered

            Office

          
	
            NFE Honduras Holdings LLC

          	
            Limited Liability Company

          	
            Delaware

          	
            N/A

          	
            111 West 19th Street

            8th Floor

            New York, NY 10011

          
	
            NFEnergia GN de BCS, S. de R.L. de C.V.

          	
            Corporation

          	
            Mexico

          	
            NGB181113AI9

          	
            400 Campo Eliseos, No. 1602

            Col. Cuauhtemoc C.P. 11550

            Ciudad de Mexico, CDMX,

            Mexico

          
	
            NFEnergia LLC

          	
            Limited Liability Company

          	
            Puerto Rico

          	
            402298

          	
            111 West 19th Street

            8th Floor

            New York, NY 10011

          
	
            Soluciones de Energia Limpia PR LLC

          	
            Limited Liability Company

          	
            Puerto Rico

          	
            413898

          	
            111 West 19th Street

            8th Floor

            New York, NY 10011

          

    

    

    
      
        

    

    COPYRIGHTS

    

    

    UNITED STATES COPYRIGHTS

    

    

    None.

    

    

    OTHER COPYRIGHTS

    

    

    None.

    
      
        

    

    COMMERCIAL TORT CLAIMS

    

    

    None.

    
      
        

    

    DEPOSIT ACCOUNTS

    

    

    

    

    	
            
              Owner

            

          	
            
              Type Of Account

            

          	
            
              Bank

            

          	
            
              Account Numbers

            

          
	
            NFEnergia LLC

          	
            Operating

          	
            Banco Santander

          	
            3004947745

          
	
            NFEnergia LLC

          	
            Operating

          	
            Scotia Bank

          	
            071006094388

          

    

    

    

    

    SECURITIES ACCOUNTS

    

    

    None.

    

    

    COMMODITY ACCOUNTS

    

    

    None.

    
      
        

    

    PATENTS

    

    

    None.

    
      
        

    

    TRADEMARKS

    

    

    None.

    
      
        

    

    INTELLECTUAL PROPERTY ACTIONS AND PROCEEDINGS

    

    

    None.

    
      
        

    

    DESCRIPTION OF PLEDGED NOTES

    

    

    
      
        	1.	
                Promissory Notes:

              

      

    

    

    

    None.

    

    

    
      
        	2.	
                Chattel Paper:

              

      

    

    

    

    None.

  

  

  
    
      

  

  Schedule 3

  

  

  Post-Closing Matters

  

  

  (please see attached)

   

    

   

    

   

    

  
    
      

  

  Schedule 3
    

    

    Post-Closing Matters

    

    

    
      
        	1.	
                No later than forty-five (45) days following the Restatement Effective Date, to the extent not delivered on or prior to the Restatement Effective Date, the Loan Parties
                    shall have delivered to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, duly executed account control agreements in favor of the Administrative Agent, with respect to each of the
                    following accounts:

              

      

    

    

    

    	
            
              Owner

            

          	
            
              Type Of Account

            

          	
            
              Bank

            

          	
            
              Account Numbers

            

          
	
            Bradford Country Real Estate Partners

          	
            Operating

          	
            Bank of America, New York

          	
            483065965684

          
	
            Bradford County Development Holdings

          	
            Operating

          	
            Bank of America, New York

          	
            483065965697

          
	
            Bradford County Power Partners LLC

          	
            Operating

          	
            Bank of America, New York

          	
            483065965707

          
	
            Bradford County GPF Partners LLC

          	
            Operating

          	
            Bank of America, New York

          	
            483065965710

          
	
            Bradford County Transport Partners LLC

          	
            Operating

          	
            Bank of America, New York

          	
            483065965723

          
	
            NFE ISO Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593184

          
	
            NFE ISO Partners LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593197

          
	
            NFE Logistics Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593207

          
	
            NFE Plant Development Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593210

          
	
            NFE Transport Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593223

          
	
            NFE Transport Partners LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593236

          
	
            New Fortress Energy Marketing LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593414

          
	
            NFE Atlantic Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026593427

          
	
            NFE South Holdings Limited

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026596411

          
	
            Atlantic Terminal Holdings Limited

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026596424

          
	
            American Natural Gas Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026603003

          

    
      
        

    

    	
            Atlantic Distribution Holdings SRL

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026605302

          
	
            NFE North Distribution Limited

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026605315

          
	
            NFE North Transport Limited

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026605328

          
	
            Atlantic Power Holdings SRL

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026606026

          
	
            NFE South Power Holdings Limited

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026606039

          
	
            NFE Equipment Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026607588

          
	
            NFE Equipment Partners LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026607591

          
	
            NFE Mexico Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026609308

          
	
            TICO Development Partners Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026653383

          
	
            TICO Development Partners LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026653396

          
	
            New Fortress Energy Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026729974

          
	
            NFE Management LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026729987

          
	
            Atlantic Energy Holdings LLC

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026748560

          
	
            Atlantic Energy Holdings Limited

          	
            Operating

          	
            Bank of America, Maryland

          	
            446026748609

          
	
            NFE North Holdings Limited [Bermuda]

          	
            Operating (Bogue Gas Contract)

          	
            Bank of America, London

          	
            600871672010

          
	
            NFE South Holdings Limited

          	
            Operating

          	
            Bank of America, London

          	
            600871673018

          
	
            Atlantic Power Holdings Limited

          	
            Operating

          	
            Bank of America, London

          	
            600871674016

          
	
            NFE North Trading Limited

          	
            Operating

          	
            Bank of America, London

          	
            600872257019

          
	
            NFE South Trading Limited

          	
            Operating

          	
            Bank of America, London

          	
            600872258017

          
	
            NFE South Power Trading Limited

          	
            Operating

          	
            Bank of America, London

          	
            600879379014

          
	
            NFE North Holdings Limited [Bermuda]

          	
            Operating (Bogue Gas Contract)

          	
            National Commercial Bank Jamaica Limited

          	
            371107126

          
	
            NFE South Holdings Limited

          	
            Operating

          	
            National Commercial Bank Jamaica Limited

          	
            371101977

          
	
            NFE South Holdings Limited

          	
            Operating

          	
            National Commercial Bank Jamaica Limited

          	
            371102221

          

    
      
        

    

    	
            NFE North Holdings Limited

          	
            Operating

          	
            National Commercial Bank Jamaica Limited

          	
            371101209

          
	
            NFE North Holdings Limited

          	
            Operating

          	
            National Commercial Bank Jamaica Limited

          	
            371102213

          
	
            NFE North Distribution Limited

          	
            Operating

          	
            Sagicor Bank Jamaica Limited

          	
            5503034419

          
	
            NFE North Distribution Limited

          	
            Operating

          	
            Sagicor Bank Jamaica Limited

          	
            5503034427

          
	
            NFEnergia LLC

          	
            Operating

          	
            Banco Santander

          	
            3004947745

          
	
            NFEnergia LLC

          	
            Operating

          	
            Scotia Bank

          	
            071006094388

          

    

    

    
      
        	2.	
                No later than thirty (30) days following the Restatement Effective Date and unless the Administrative Agent and the Borrower determine in writing that compliance with this
                    Part 2 of this Schedule 3 would reasonably be expected to result in excessive Florida documentary stamp taxes (as compared to the benefit of such Collateral to the Secured Parties), the Administrative Agent shall have received with
                    respect to the real property listed on Part 2 of Schedule 1.1B of the Amended and Restated Credit Agreement (the “Miami Mortgaged Property”), the following,
                    each in form and substance acceptable to Administrative Agent:

              

      

    

    

    

    (a) a duly executed and notarized mortgage amendment (or, in the Administrative Agent’s reasonable discretion, an amended and restated mortgage) in a form
        recordable in the county in which the Miami Mortgaged Property is located amending the existing mortgage with respect to the Miami Mortgaged Property; and

    

    

    (b) a mortgage modification and/or datedown endorsement to the title policy previously delivered to the Administrative Agent with respect to the Miami
        Mortgaged Property; and

    

    

    (c) a current standard flood hazard determination with respect to Miami Mortgaged Property  and if applicable, a flood notification form signed by the
        Borrower and evidence that flood insurance is in place for all improvements and their contents.

    

    

    
      
        	3.	
                No later than fifteen (15) Business Days following the Restatement Effective Date, to the extent not delivered on or prior to the Restatement Effective Date, the Loan
                    Parties shall have delivered to the Administrative Agent original signature pages of the Loan Parties to each of the following Loan Documents to be filed, registered, stamped or recorded under the laws of Barbados, Bermuda and Jamaica,
                    as applicable.

              

      

    

    

    

    Barbados

    

    

    
      
        	

              	a)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest as of the
                      Restatement Effective Date by Atlantic Energy Holdings Limited [number of original copies: 2]

              

      

    

    
      
        

    

    
      
        	

              	b)	
                Amended and Restated Statement of Charge for the Debenture/Mortgage as of the Restatement Effective Date for

                    Atlantic Energy Holdings Limited [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	c)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest as of the
                      Restatement Effective Date by Atlantic Terminal Holdings Limited [number of original copies:2]

              

      

    

    

    

    
      
        	

              	d)	
                Amended and Restated Statement of Charge for the Debenture/Mortgage as of the Restatement Effective Date
                    for Atlantic Terminal Holdings Limited [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	e)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest as of the
                      Restatement Effective Date by Atlantic Power Holdings SRL [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	f)	
                Amended and Restated Statement of Charge for the Debenture/Mortgage as of the Restatement Effective Date
                    for Atlantic Power Holdings SRL [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	g)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest as of the
                      Restatement Effective Date by Atlantic Distribution Holdings SRL [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	h)	
                Amended and Restated Statement of Charge for the Debenture/Mortgage as of the Restatement Effective Date
                    for Distribution Holdings SRL [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	i)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest as of the
                      Restatement Effective Date by Atlantic Energy Holdings LLC for Atlantic Energy Holdings Limited [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	j)	
                Amended and Restated Statement of Charge for the Deed of Charge over Shares as of the Restatement Effective
                      Date for Atlantic Energy Holdings Limited [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	k)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest as of the
                      Restatement Effective Date by Atlantic Energy Holdings LLC  for Atlantic Terminal Holdings Limited [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	l)	
                Amended and Restated Statement of Charge for the  Deed of Charge over Shares as of the Restatement Effective
                      Date for Atlantic Terminal Holdings Limited [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	m)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest by Atlantic Energy Holdings LLC as of the Restatement Effective Date  for for Atlantic Power Holdings SRL [number of original copies: 2]

              

      

    

    
      
        

    

    
      
        	

              	n)	
                Amended and Restated Statement of Charge for the Deed of Charge over Shares as of the Restatement Effective
                      Date  for Atlantic Power Holdings SRL [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	o)	
                Deed of Acknowledgment of Indebtedness and Confirmation of Guarantee and Security Interest as of the
                      Restatement Effective Date by Atlantic Energy Holdings LLC  for Atlantic Distribution Holdings SRL [number of original copies: 2]

              

      

    

    

    

    
      
        	

              	p)	
                Amended and Restated Statement of Charge for the Deed of Charge over Shares as of the Restatement Effective
                      Date for Distribution Holdings SRL [number of original copies: 2]

              

      

    

    

    

    Bermuda

    

    

    Amendment Agreement [number of original copies: 2]

    

    

    Jamaica

    

    

    
      
        	

              	a)	
                Mortgage of Real Property dated as of the Restatement Effective Date by NFE South Power Holdings Limited, as mortgagor, in favour of the Administrative Agent [number of
                    original copies: 4]

              

      

    

    

    

    
      
        	

              	b)	
                Mortgage of Real Property dated as of the Restatement Effective Date by NFE North Holdings Limited, as mortgagor, in favour of the Administrative Agent [number of original
                    copies: 4]

              

      

    

    

    

    
      
        	

              	c)	
                Mortgage of Real Property dated as of the Restatement Effective Date by NFE South Holdings Limited, as mortgagor, in favour of the Administrative Agent [number of original
                    copies: 4]

              

      

    

    

    

    
      
        	

              	d)	
                Composite Debenture dated as of the Restatement Effective Date granted by NFE South Holdings Limited, NFE North Distribution Limited, NFE North Transport Limited and NFE
                    South Power Holdings Limited, as Charging Companies, in favour of the Administrative Agent [number of original copies: 3]

              

      

    

    

    

    
      
        	

              	e)	
                Debenture dated as of the Restatement Effective Date granted by NFE North Holdings Limited, as Charging Company, in favour of the Administrative Agent [number of original
                    copies: 3]

              

      

    

    

    

    
      
        	

              	f)	
                Mortgage of Shares as of the Restatement Effective Date by Atlantic Distribution Holdings SRL, as Mortgagor, in favour of the Administrative Agent [number of original
                    copies: 4]

              

      

    

    

    

    
      
        	

              	g)	
                Mortgage of Shares as of the Restatement Effective Date by Atlantic Power Holdings SRL, as Mortgagor, in favour of the Administrative Agent [number of original copies: 4]

              

      

    

    
      
        

    

    
      
        	

              	h)	
                Mortgage of Shares as of the Restatement Effective Date by Atlantic Terminal Holdings Limited, as Mortgagor, in favour of the Administrative Agent [number of original
                    copies: 4]

              

      

    

    

    

    
      
        	

              	i)	
                Mortgage of Shares as of the Restatement Effective Date by Atlantic Energy Holdings Limited, as Mortgagor, in favour of the Administrative Agent [number of original copies:
                    4]

              

      

    

    

    

    
      
        	

              	j)	
                Security Confirmation Deed dated as of the Restatement Effective Date among NFE North Holdings Limited; NFE South Holdings Limited, NFE North Distribution Limited, NFE
                    North Transport Limited and NFE South Power Holdings Limited; Atlantic Distribution Holdings SRL; Atlantic Power Holdings SRL; Atlantic Terminal Holdings Limited; Atlantic Energy Holdings Limited; and the Administrative Agent [number of
                    original copies: 2]

              

      

    

    

    

    
      
        	4.	
                No later than five (5) Business Days following the Restatement Effective Date, to the extent not delivered on or prior to the Restatement Effective Date, the Loan Parties
                    shall have delivered to the Administrative Agent electronically executed copies of the Statements of Charge with respect to the Jamaican law governed documents listed from (f) to (i) under item 3 above (with two (2) original copies of
                    each to be delivered to the Administrative Agent no later than fifteen (15) Business Days following the Restatement Effective Date).

              

      

    

    

    

    
      
        	5.	
                No later than January 31, 2019, the Loan Parties shall have caused each of the following Subsidiaries to join as a Loan Party, a Subsidiary Guarantor and Grantor by
                    satisfying the requirements set forth in Section 5.10(b) of the Amended and Restated Credit Agreement with respect to such Subsidiaries without giving effect to the ninety (90) day period set forth therein.

              

      

    

    

    

    NFEnergia Honduras S DE RL

    

    

    NFE Shannon Holdings Limited

    

    

    Shannon LNG Limited

    

    

    Shannon LNG Energy Limited

    

    

    NFE Ireland Financing DAC

    

    

    	6.	
            No later than February 15, 2019, the Loan Parties shall have delivered to the Administrative Agent the executed Collateral Assignment with respect to the OHP Gas Contract.

          

  

    

  
  
    
      

  

  Exhibit A

  

  

  Amended and Restated Credit Agreement

  

  

  (please see attached)

  
    
      

  

  
    AMENDED AND RESTATED

      CREDIT AGREEMENT

     

      

    among

     

      

    NEW FORTRESS ENERGY HOLDINGS LLC,

        as Holdings,

     

      

    NFE ATLANTIC HOLDINGS LLC,

        as the Borrower,

     

      

    The Subsidiary Guarantors

        From Time to Time Party Hereto,

     

      

    The Several Lenders

        from Time to Time Party Hereto

     

      

    and

     

      

    MORGAN STANLEY SENIOR FUNDING, INC.,

        as Administrative Agent,

     

      

    Dated as of August 15, 2018

        and Amended and Restated as of December 31, 2018

     

      

    
      
        

    

     

      

    MORGAN STANLEY SENIOR FUNDING, INC.

        and

        BARCLAYS BANK PLC,

        as Lead Arrangers and Lead Bookrunners

    
      

      

    

    
      
        

    

    
      TABLE OF CONTENTS

       

        

    

    	
            

            

          	
            Page

          
	 	 	 
	
            SECTION 1.

          	
            DEFINITIONS

          	 
	 	 	 
	
            Section 1.1

          	
            Defined Terms

          	
            1

          
	
            Section 1.2

          	
            Other Definitional Provisions

          	
            37

          
	
            Section 1.3

          	
            Timing of Payment or Performance

          	
            38

          
	
            Section 1.4

          	
            Currency Equivalents Generally

          	
            38

          
	
            Section 1.5

          	
            Other Defined Terms

          	
            39

          
	
            Section 1.6

          	
            Effect of Amendment and Restatement

          	
            40

          
	 	 	 
	
            SECTION 2.

          	
            LOANS

          	 
	 	 	 
	
            Section 2.1

          	
            Term Loans

          	
            40

          
	
            Section 2.2

          	
            Pro Rata Shares; Availability of Funds

          	
            41

          
	
            Section 2.3

          	
            Use of Proceeds

          	
            42

          
	
            Section 2.4

          	
            Evidence of Debt; Register; Lenders’ Books and Records; Notes

          	
            42

          
	
            Section 2.5

          	
            Interest on Term Loans

          	
            43

          
	
            Section 2.6

          	
            Conversion/Continuation

          	
            44

          
	
            Section 2.7

          	
            Default Interest

          	
            45

          
	
            Section 2.8

          	
            Fees

          	
            45

          
	
            Section 2.9

          	
            Scheduled Payments

          	
            46

          
	
            Section 2.10

          	
            Voluntary Prepayments

          	
            46

          
	
            Section 2.11

          	
            Mandatory Prepayments

          	
            47

          
	
            Section 2.12

          	
            Application of Prepayments/Reductions

          	
            50

          
	
            Section 2.13

          	
            General Provisions Regarding Payments

          	
            51

          
	
            Section 2.14

          	
            Ratable Sharing

          	
            52

          
	
            Section 2.15

          	
            Making or Maintaining Eurodollar Rate Loans

          	
            52

          
	
            Section 2.16

          	
            Increased Costs; Capital Requirements

          	
            55

          
	
            Section 2.17

          	
            Taxes

          	
            57

          
	
            Section 2.18

          	
            Obligation to Mitigate

          	
            61

          
	
            Section 2.19

          	
            Removal or Replacement of a Lender

          	
            61

          
	
            Section 2.20

          	
            Maturity Extension Option

          	
            62

          
	 	 	 
	
            SECTION 3.

          	
            REPRESENTATIONS AND WARRANTIES

          	 
	 	 	 
	
            Section 3.1

          	
            Financial Condition

          	63
	
            Section 3.2

          	
            No Change

          	
            63

          
	
            Section 3.3

          	
            Existence; Compliance with Law

          	
            63

          
	
            Section 3.4

          	
            Power; Authorization; Enforceable Obligations

          	
            63

          
	
            Section 3.5

          	
            No Legal Bar

          	
            64

          
	
            Section 3.6

          	
            No Material Litigation

          	
            64

          
	
            Section 3.7

          	
            No Default

          	
            64

          

    

    

    
      i

      
        

    

    	
            Section 3.8

          	
            Ownership of Property; Liens

          	
            64

          
	
            Section 3.9

          	
            Intellectual Property

          	
            64

          
	
            Section 3.10

          	
            Taxes

          	
            65

          
	
            Section 3.11

          	
            Federal Regulations

          	
            65

          
	
            Section 3.12

          	
            Labor Matters

          	
            65

          
	
            Section 3.13

          	
            ERISA

          	
            65

          
	
            Section 3.14

          	
            Investment Company Act

          	
            65

          
	
            Section 3.15

          	
            Subsidiaries

          	
            65

          
	
            Section 3.16

          	
            Use of Proceeds

          	
            66

          
	
            Section 3.17

          	
            Environmental Matters

          	
            66

          
	
            Section 3.18

          	
            Accuracy of Information, Etc.

          	
            67

          
	
            Section 3.19

          	
            Security Documents

          	
            67

          
	
            Section 3.20

          	
            Solvency

          	
            68

          
	
            Section 3.21

          	
            Non-Guarantor Subsidiaries

          	
            68

          
	
            Section 3.22

          	
            Anti-Money Laundering and Anti-Corruption Laws; Sanctions

          	
            68

          
	
            Section 3.23

          	
            Regulation H

          	
            69

          
	
            Section 3.24

          	
            Insurance

          	
            70

          
	
            Section 3.25

          	
            Gas Contracts.

          	
            70

          
	 	 	 
	
            SECTION 4.

          	
            CONDITIONS PRECEDENT

          	 
	 	 	 
	
            Section 4.1

          	
            Conditions to Restatement Effective Date.

          	
            70

          
	
            Section 4.2

          	
            Conditions to the Making of any Term Loan After the Restatement
                  Effective Date.

          	
            70

          
	 	 	 
	
            SECTION 5.

          	
            AFFIRMATIVE COVENANTS

          	 
	 	 	 
	
            Section 5.1

          	
            Financial Statements

          	
            71

          
	
            Section 5.2

          	
            Certificates; Other Information

          	
            72

          
	
            Section 5.3

          	
            Payment of Taxes

          	
            73

          
	
            Section 5.4

          	
            Conduct of Business and Maintenance of Existence; Compliance with
                  Law

          	
            73

          
	
            Section 5.5

          	
            Maintenance of Property; Insurance

          	
            74

          
	
            Section 5.6

          	
            Inspection of Property; Books and Records; Discussions

          	
            74

          
	
            Section 5.7

          	
            Notices

          	
            75

          
	
            Section 5.8

          	
            Environmental Laws

          	76
	
            Section 5.9

          	
            Plan Compliance

          	
            76

          
	
            Section 5.10

          	
            Additional Collateral, Etc.

          	
            76

          
	
            Section 5.11

          	
            Further Assurances

          	
            78

          
	
            Section 5.12

          	
            Post-Closing Covenants

          	
            78

          
	
            Section 5.13

          	
            Gas Contracts.

          	
            79

          
	
            Section 5.14

          	
            Use of Proceeds

          	
            79

          
	 	 	 
	
            SECTION 6.

          	
            NEGATIVE COVENANTS

          	 
	 	 	 
	
            Section 6.1

          	
            Limitation on Indebtedness

          	
            79

          

    

    

    
      ii

      
        

    

    	
            Section 6.2

          	
            Limitation on Liens

          	
            82

          
	
            Section 6.3

          	
            Limitation on Fundamental Changes

          	
            85

          
	
            Section 6.4

          	
            Limitation on Disposition of Property

          	
            87

          
	
            Section 6.5

          	
            Limitation on Restricted Payments

          	
            89

          
	
            Section 6.6

          	
            Limitation on Investments

          	
            91

          
	
            Section 6.7

          	
            Limitation on Optional Payments of Certain Other Indebtedness and
                  Modifications of Certain Other Debt Instruments or Contracts

          	
            93

          
	
            Section 6.8

          	
            Limitation on Transactions with Affiliates

          	
            93

          
	
            Section 6.9

          	
            Financial Covenant

          	
            94

          
	
            Section 6.10

          	
            Limitation on Changes in Fiscal Periods

          	
            94

          
	
            Section 6.11

          	
            Limitation on Negative Pledge Clauses

          	95
	
            Section 6.12

          	
            Limitation on Restrictions on Subsidiary Distributions

          	
            95

          
	
            Section 6.13

          	
            Limitation on Activities of Holdings

          	96
	
            Section 6.14

          	
            Plans

          	
            96

          
	
            Section 6.15

          	
            Anti-Money Laundering and Anti-Corruption Laws; Sanctions

          	
            96

          
	 	 	 
	
            SECTION 7.

          	
            EVENTS OF DEFAULT

          	 
	 	 	 
	
            Section 7.1

          	
            Events of Default

          	
            96

          
	
            Section 7.2

          	
            Application of Proceeds

          	
            99

          
	
            Section 7.3

          	
            Right to Cure

          	
            100

          
	 	 	 
	
            SECTION 8.

          	
            THE ADMINISTRATIVE AGENT

          	 
	 	 	 
	
            Section 8.1

          	
            Appointment and Authority

          	
            101

          
	
            Section 8.2

          	
            Rights as a Lender

          	
            102

          
	
            Section 8.3

          	
            Exculpatory Provisions

          	
            102

          
	
            Section 8.4

          	
            Reliance by Administrative Agent

          	
            103

          
	
            Section 8.5

          	
            Delegation of Duties

          	
            104

          
	
            Section 8.6

          	
            Resignation of Administrative Agent

          	
            104

          
	
            Section 8.7

          	
            Non-Reliance on Administrative Agent and Other Lenders

          	
            105

          
	
            Section 8.8

          	
            No Other Duties, Etc.

          	
            105

          
	
            Section 8.9

          	
            Administrative Agent May File Proofs of Claim

          	
            105

          
	
            Section 8.10

          	
            Collateral and Guaranty Matters; Rights Under Hedge Agreements

          	
            106

          
	
            Section 8.11

          	
            Withholding Taxes

          	
            106

          
	
            Section 8.12

          	
            Intercreditor and Subordination Agreements

          	
            107

          
	 	 	 
	
            SECTION 9.

          	
            MISCELLANEOUS

          	 
	 	 	 
	
            Section 9.1

          	
            Amendments and Waivers

          	
            107

          
	
            Section 9.2

          	
            Notices

          	
            109

          
	
            Section 9.3

          	
            No Waiver; Cumulative Remedies

          	
            111

          
	
            Section 9.4

          	
            Survival of Representations and Warranties

          	
            111

          
	
            Section 9.5

          	
            Payment of Expenses; Indemnification

          	
            112

          
	
            Section 9.6

          	
            Successors and Assigns; Participations and Assignments

          	
            113

          
	
            Section 9.7

          	
            Adjustments; Set-off

          	
            116

          

    

    

    
      iii

      
        

    

    	
            Section 9.8

          	
            Counterparts

          	116
	
            Section 9.9

          	
            Severability

          	117
	
            Section 9.10

          	
            Integration

          	117
	
            Section 9.11

          	
            GOVERNING LAW

          	
            117

          
	
            Section 9.12

          	
            Submission To Jurisdiction; Waivers

          	117
	
            Section 9.13

          	
            Acknowledgments

          	118
	
            Section 9.14

          	
            Confidentiality

          	118
	
            Section 9.15

          	
            Accounting Changes

          	119
	
            Section 9.16

          	
            WAIVERS OF JURY TRIAL

          	119
	
            Section 9.17

          	
            Conversion of Currencies

          	120
	
            Section 9.18

          	
            USA PATRIOT ACT

          	120
	
            Section 9.19

          	
            Payments Set Aside

          	120
	
            Section 9.20

          	
            Releases of Collateral and Guarantees

          	121
	
            Section 9.21

          	
            Time

          	122
	
            Section 9.22

          	
            Excluded Swap Obligations

          	122
	
            Section 9.23

          	
            Acknowledgement and Consent to Bail-In of EEA Financial
                  Institutions

          	122

     

    

    
      iv

      
        

    

    SCHEDULES:

     

      

    	
            1.1A

          	
            Term Loan Commitments

          
	
            1.1B

          	
            Mortgaged Properties

          
	
            1.1C

          	
            Limited Partners

          
	
            3.15

          	
            Subsidiaries

          
	
            3.19

          	
            UCC and Mortgage Filing Jurisdictions

          
	
            3.21

          	
            Excluded Subsidiaries

          
	
            3.25

          	
            Gas Contracts

          
	
            5.12

          	
            Post-Closing Actions

          
	
            6.1(d)

          	
            Existing Indebtedness

          
	
            6.2(o)

          	
            Existing Liens

          
	
            6.4(p)

          	
            Specified Disposition

          
	
            6.8

          	
            Transactions with Affiliates

          

     

      

    EXHIBITS:

     

      

    	
            A

          	
            Form of Compliance Certificate

          
	
            B-1

          	
            Form of Closing Certificate

          
	
            B-2

          	
            Form of Secretary’s Certificate

          
	
            C

          	
            Form of Assignment and Acceptance

          
	
            D

          	
            Form of Term Loan Note

          
	
            E-1

          	
            Form of United States Tax Compliance Certificate (For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

          
	
            E-2

          	
            Form of United States Tax Compliance Certificate (For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

          
	
            E-3

          	
            Form of United States Tax Compliance Certificate (For Non-U.S. Participants That Are Not Partnerships For U.S. Federal Income Tax
                Purposes)

          
	
            E-4

          	
            Form of United States Tax Compliance Certificate (For Non-U.S. Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

          
	
            F

          	
            Form of Solvency Certificate

          
	
            G-1

          	
            Form of Funding Notice

          
	
            G-2

          	
            Form of Conversion/Continuation Notice

          

    

    

    
      v

      
        

    

    AMENDED AND RESTATED CREDIT AGREEMENT, dated as of August 15, 2018, and as amended on December 31, 2018, among NEW FORTRESS
        ENERGY HOLDINGS LLC, a Delaware limited liability company, NFE ATLANTIC HOLDINGS LLC, a Delaware limited liability company (the “Borrower”), the Subsidiary
        Guarantors (as defined in Section 1.1 hereof) from time to time party hereto, the several banks and other financial institutions or entities from time to time party hereto (the “Lenders”) and MORGAN STANLEY SENIOR FUNDING, INC. (“Morgan Stanley”), as administrative agent (in such capacity, together with any
        successor appointed in accordance with Section 8.6, the “Administrative Agent”).

     

      

    W I T N E S S E T H:

     

      

    WHEREAS, capitalized terms used in these recitals shall have the respective meanings set forth for such terms in Section 1.1
        hereof;

     

      

    WHEREAS, Holdings, the Borrower, the Subsidiary Guarantors party thereto, the Lenders party thereto (the “Existing Lenders”) and the Administrative Agent are party to the Credit Agreement, dated as of August 15, 2018 (as amended, supplemented or modified prior to the
        Restatement Effective Date, the “Existing Credit Agreement”), pursuant to which the Existing Lenders made term loans to the Borrower in an aggregate principal
        amount of $240,000,000 (the “Existing Term Loans”);

     

      

    WHEREAS, the Borrower has requested that the Lenders party hereto provide, and the Lenders party hereto have agreed to
        provide, additional Term Loans in an aggregate principal amount of $500,000,000 (the “Term Loan Facility”), the proceeds of which shall be used to prepay the
        Existing Term Loans in full, together with accrued and unpaid interest thereon, to pay fees and expenses payable in connection therewith, and for general corporate purposes, including capital expenditures of the Borrower and its Subsidiaries and
        future construction projects under development (collectively with all related transactions, the “Transactions”); and

     

      

    WHEREAS, the Borrower has requested that the Lenders party hereto agree to amend and restate the Existing Credit Agreement as
        set forth herein in order to provide for the terms of the Term Loan Facility from and after the Restatement Effective Date, and the Lenders party hereto have agreed to such amendment and restatement, upon the terms and subject to the conditions set
        forth herein and in the Amendment Agreement.

     

      

    NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein, the parties hereto agree as follows:

     

      

    SECTION 1.          DEFINITIONS

     

      

    
      
        Section 1.1          Defined Terms.  As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in this Section
            1.1.

      

    

     

      

    
      1

      
        

    

     “Adjusted Eurodollar Rate”:  for any Interest Rate
        Determination Date with respect to an Interest Period for a Eurodollar Rate Loan, the rate per annum obtained by dividing (a) (i) the rate per annum equal to the rate determined by the Administrative Agent to be the London interbank offered rate (“LIBOR”) administered by the Intercontinental Exchange Benchmark Administration Ltd. (or any other person which takes over the administration of that rate) for
        deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars displayed on page LIBOR01 of the Reuters Screen (or any replacement Reuters page which displays that rate) or on the appropriate page of such
        other information service which publishes that rate from time to time in place of Reuters (the “LIBOR Screen Rate”), determined as of approximately 11:00 a.m.
        (London, England time) on such Interest Rate Determination Date, or (ii) in the event the rate referenced in the preceding clause (i) is not available, the rate per annum equal to the offered quotation rate to first class banks in the London
        interbank market by Morgan Stanley for deposits (for delivery on the first day of the relevant period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable Term Loan of the Administrative Agent, in its
        capacity as a Lender, for which the Adjusted Eurodollar Rate is then being determined with maturities comparable to such period as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, by (b)  an amount equal
        to (i) one minus (ii) the Applicable Reserve Requirement; provided, however,
        that notwithstanding the foregoing, the Adjusted Eurodollar Rate with respect to Term Loans shall at no time be less than 0% per annum.

     

      

    “Administrative Agent”:  as defined in the preamble hereto.

     

      

    “Affiliate”:  as to any Person, any other Person that,
        directly or indirectly, is in control of, is controlled by, or is under common control with, such Person.  For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the
        management and policies of such Person, whether by contract or otherwise.

     

      

    “Agent”:  the Administrative Agent and any other Person
        appointed under the Loan Documents to serve in an agent or similar capacity.

     

      

    “Agreement”:  this Amended and Restated Credit Agreement.

     

      

    “ALTA”:  American Land Title Association.

     

      

    “Amendment Agreement”: the Amendment Agreement, dated as of
        the Restatement Effective Date, among Holdings, the Borrower, the Subsidiaries Guarantors party thereto, the Lenders party thereto and the Administrative Agent.

     

      

    “Applicable Margin”:  for any day during any period set
        forth in the table below, with respect to any Eurodollar Rate Loan or Base Rate Loan, the applicable rate per annum set forth below, under the caption “Eurodollar Rate Loan” or “Base Rate Loan”, respectively:

     

      

    	 	
            Period:

          	
            Eurodollar Rate Loan:

          	
            Base Rate Loan

          
	 	
            From the Restatement Effective Date to and including the Original Maturity Date

          	
            4.00%

          	
            3.00%

          
	 	
            If the First Maturity Extension Option is exercised, from the date following the Original Maturity Date to and including the First Extended
                Maturity Date

          	
            4.50%

          	
            3.50%

          
	 	
            If the Second Maturity Extension Option is exercised, from the date following the First Extended Maturity Date

          	
            5.00%

          	
            4.00%

          

    

    

    
      2

      
        

    

    “Applicable Reserve Requirement”:  at any time, for any
        Eurodollar Rate Loan, the maximum rate, expressed as a decimal, at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency
        liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board or other applicable banking regulator.  Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect
        any other reserves required to be maintained by such member banks with respect to (a) any category of liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate or any other interest rate of a Term Loan is to
        be determined, or (b) any category of extensions of credit or other assets which include Eurodollar Rate Loans.  A Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve
        requirements without benefits of credit for proration, exceptions or offsets that may be available from time to time to the applicable Lender.  The rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and as of the effective
        date of any change in the Applicable Reserve Requirement.

     

      

     “Arrangers”:  Morgan Stanley and Barclays in their
        capacities as lead arrangers and lead bookrunners and any other Person appointed to serve in such capacity.

     

      

    “Asset Sale”:  any Disposition of Property or series of
        substantially related Dispositions of Property (excluding any such Disposition permitted by clause  (b), (c), (d), (e), (f), (h), (j), (k), (l), (m), (n) or, other than for purposes of the definition of “Consolidated Excess Cash Flow”, (p) of
        Section 6.4) which yields gross proceeds to any NFE Group Member (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at fair market value in the case of other
        non-cash proceeds) in excess of $500,000.

     

      

    “Assignment and Acceptance”:  an agreement substantially in
        the form of Exhibit C.

     

      

    “Bail-In Action”: the exercise of any
        Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

     

      

    “Bail-In Legislation”: with respect to any EEA Member
        Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation
        Schedule.

     

      

    
      3

      
        

    

    “Barbados Guarantors”: collectively, Atlantic Power Holdings
        SRL, a society with restricted liability organized under the laws of Barbados, Atlantic Distribution Holdings SRL, a society with restricted liability organized under the laws of Barbados, Atlantic Terminal Holdings Limited, a limited liability
        company incorporated under the laws of Barbados, and Atlantic Energy Holdings Limited, a limited liability company incorporated under the laws of Barbados.

     

      

    “Barclays”:  Barclays Bank PLC.

     

      

    “Base Rate”:  for any day, a rate per annum equal to the
        greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1% and (c) the sum of (i) the Adjusted Eurodollar Rate (after giving effect to any Adjusted Eurodollar Rate “floor”) that
        would be payable on such day for a Eurodollar Rate Loan with a one-month interest period plus (ii) the difference between the Applicable Margin for Eurodollar Rate Loans and the Applicable Margin for Base Rate Loans; provided, however, that notwithstanding the foregoing, the Base Rate with respect to Term Loans shall
        at no time be less than 1.0% per annum.  Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted Eurodollar Rate shall be effective on the effective day of such change in the Prime Rate, the
        Federal Funds Effective Rate or the Adjusted Eurodollar Rate, respectively.

     

      

    “Base Rate Loans”:  Term Loans for which the applicable rate
        of interest is based on the Base Rate.

     

      

    “Beneficial Ownership Certification”: a
        certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

     

      

    “Beneficial Ownership Regulation”: 31 C.F.R. § 1010.230.

     

      

    “Bermuda Guarantors”: collectively, Atlantic Power Holdings
        Limited, a company limited by shares incorporated in the Islands of Bermuda, with registration number 51168, NFE North Holdings Limited, a company limited by shares incorporated in the Islands of Bermuda, with registration number 51256, NFE North
        Infrastructure Limited, a company limited by shares incorporated in the Islands of Bermuda with registration number 51428, NFE North Trading Limited, a company limited by shares incorporated in the Islands of Bermuda, with registration number
        51391, NFE South Trading Limited, a company limited by shares incorporated in the Islands of Bermuda, with registration number 51392, NFE South Power Trading Limited, a company limited by shares incorporated in the Islands of Bermuda, with
        registration number 52503 and NFE South Holdings Limited, a company limited by shares incorporated in the Islands of Bermuda, with registration number 51257.

     

     

      

    “Board”:  the Board of Governors of the Federal Reserve
        System of the United States (or any successor).

     

      

    
      4

      
        

    

    “Bogue Gas Contract”:  the Gas Sales Agreement, dated as of
        August 5, 2015, as assigned by that certain Deed of Assignment and Assumption of Gas Sales Agreement, dated as of December 4, 2015, as amended by that certain First Amendment to Gas Sales Agreement, dated as of May 23, 2016, and as further assigned
        by that certain Deed of Assignment and Assumption of Gas Sales Agreement, dated as of April 29, 2016, between NFE North Holdings Limited, a company limited by shares incorporated in the Islands of Bermuda, as Seller, and JPS, as Buyer, as the same
        may be amended, restated, supplemented or modified from time to time in accordance with Section 6.7(d).

     

      

    “Borrower”:  as defined in the preamble hereto.

     

      

    “Borrower Obligations”:  the collective reference to the
        unpaid principal of and interest on the Term Loans, and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided herein after the maturity of the Term Loans and
        interest, fees and expenses accruing after the filing of any petition in bankruptcy (or which, but for the filing of such petition, would be accruing), or the commencement of any insolvency, reorganization or like proceeding, relating to the
        Borrower, whether or not a claim for post-filing or post-petition interest, fees or expenses is allowed or allowable in such proceeding) to any Agent, any Lender or any Lender Counterparty, whether direct or indirect, absolute or contingent, due or
        to become due, or now existing or hereafter incurred, which arise under, out of, or in connection with, this Agreement, the Security Agreement, the Guarantee Agreement or the other Loan Documents, any Secured Hedge Agreement or any other document
        made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise, excluding, in each case, Excluded Swap Obligations.

     

      

    “Business Day”:  (a) any day excluding Saturday, Sunday and
        any day which is a legal holiday under the laws of the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close and (b) with respect to all notices,
        determinations, fundings and payments in connection with the Adjusted Eurodollar Rate or any Eurodollar Rate Loans, the term “Business Day” means any day which is a Business Day described in clause (a) and which is also a day for trading by and
        between banks in Dollar deposits in the London interbank market.

     

      

    “Capital Expenditures”:  for any period, with respect to any
        Person, the aggregate of all expenditures by such Person during such period that, in accordance with GAAP, are or should be included in the calculation of “additions to property, plant or equipment” or similar items in the statement of cash flows
        of such Person.

     

      

    “Capital Lease”:  any lease of (or other arrangement
        conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet under GAAP; provided that if at any time an operating lease (or a lease or other arrangement to use property that would be an operating lease under GAAP as in effect on the Closing Date) is required to be
        recharacterized as a capital lease as a result of a change in GAAP after the Closing Date (including as a result of the implementation of proposed Accounting Standards Update (ASU) Leases (Topic 842) issued May 15, 2013, any oral, public
        deliberations by FASB regarding such proposal, any successor proposal, or any FASB deliberations regarding any such successor proposal), then for all purposes hereof such lease shall continue to be treated as an operating lease and not a Capital
        Lease.

     

      

    
      5

      
        

    

     

    “Capital Lease Obligations”:  with respect to any Person,
        the obligations of such Person to pay rent or other amounts under any Capital Lease and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance
        with GAAP.

     

      

     “Capital Stock”:  any and all shares, interests,
        participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the
        foregoing, but excluding debt convertible or exchangeable into such capital stock or equivalent ownership interests.

     

      

    “Cash Equivalents”:  (a) marketable direct obligations
        issued by, or unconditionally guaranteed by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United States maturing within one year from the date of acquisition; (b) certificates of
        deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States of America
        or any state thereof having combined capital and surplus of not less than $500,000,000 as of the date of acquisition thereof; (c) commercial paper of an issuer rated in the United States at least A-2 by S&P or P-2 by Moody’s as of the date of
        acquisition thereof or (ii) an equivalent thereof by any other nationally recognized rating agency as of the date of acquisition thereof, if both named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing
        within six months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days with respect to securities
        issued or fully guaranteed or insured by the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, province, commonwealth or territory of the United
        States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign
        government (as the case may be) are rated at least A by S&P or A by Moody’s as of the date of acquisition thereof; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by
        any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; and (g) shares of money market mutual or similar funds which invest in assets substantially all of which satisfy the requirements of clauses (a) through
        (f) of this definition.  With respect to any Investments made by any Foreign Subsidiary or any Investments made in a country outside of the United States, Cash Equivalents shall also include (i) investments of the type and maturity described in
        clauses (a) through (g) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses (or reasonably equivalent ratings from comparable foreign rating agencies) and (ii) other
        short-term investments used by such Foreign Subsidiaries in accordance with normal investment practices for cash management in investments reasonably analogous to the foregoing investments described in clauses (a) through (g) above and in this
        sentence.

     

      

    
      6

      
        

    

    “CFC”:  (a) a “controlled foreign corporation” (within the
        meaning of Section 957) but only if a “United States person” (within the meaning of Section 7701(a)(30)) that is an Affiliate of a Loan Party is, with respect to such Person, a “United States shareholder” (within the meaning of Section 951(b)
        described in Section 951(a)(1)); and (b) each Subsidiary of any Person described in clause (a).  For purposes of this definition, all Section references are to the Code.

     

     

      

    “Change in Law”:  the occurrence, after the date of this
        Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by
        any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided
        that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules,
        guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to
        Basel III, shall in each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued.

     

     

      

    “Change of Control”:  the occurrence of any of the following
        events:  (a)  any “person” or “group” (within the meaning of Rules 13d-3 and 13d-5 of the Exchange Act, as in effect on the Closing Date), other than any combination of the Permitted Investors, shall have acquired beneficial ownership of more than
        50% of the Capital Stock of the Borrower having the power, directly or indirectly, to vote or direct the voting of securities having the voting power for the election of directors of the Borrower (determined on a fully diluted basis); or
        (b) Holdings shall cease to own and control, of record and beneficially, directly or indirectly in the aggregate, 100% of each class of outstanding Capital Stock of the Borrower, free and clear of all Liens (except Liens created by the Security
        Documents and Liens created by mandatory law).

     

      

    “Closing Date”:  August 15, 2018.

     

      

    “Code”:  the Internal Revenue Code of 1986, as amended.

     

      

    “Collateral”:  all Property of the Loan Parties or any other
        Grantor, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document.

     

      

    “Collateral Assignments”:  (i) the Direct Agreement among
        JPS, the Administrative Agent and NFE North Holdings Limited, a company limited by shares incorporated in the Islands of Bermuda, with respect to the Bogue Gas Contract, (ii) the Direct Agreement among JPS, the Administrative Agent and NFE South
        Holdings Limited, a company limited by shares incorporated in the Islands of Bermuda, with respect to the OHP Gas Contract, (iii) the Direct Agreement among JAMALCO, the Administrative Agent and NFE South Power Holdings Limited, a limited company
        incorporated under the laws of Jamaica, with respect to the Steam Supply Agreement, and (iv) a direct agreement among PREPA, the Administrative Agent and NFEnergia with respect to the PREPA Fuel Sale Agreement, in each case, substantially in the
        form attached to the applicable Gas Contract or such other similar agreement in form and substance reasonably acceptable to the Administrative Agent.

     

      

    
      7

      
        

    

    “Commitment”:  any Term Loan Commitment.

     

      

    “Commitment Termination Date”:  February 15, 2019.

     

      

    “Commodity Exchange Act”:  the Commodity Exchange Act (7
        U.S.C. § 1 et seq.).

     

      

    “Commonly Controlled Entity”:  an entity, whether or not
        incorporated, that is under common control with the Borrower within the meaning of Section 4001(a)(14) of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414(b), (c), (m) or (o) of the
        Code.

     

      

    “Compliance Certificate”:  a certificate duly executed by a
        Responsible Officer of the Borrower, substantially in the form of Exhibit A.

        

      

    “Connection Income Taxes”: Other Connection Taxes that are
        imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

        

      

    “Consolidated Cash Interest Expense”: for any period, the
        aggregate amount (determined on a consolidated basis in accordance with GAAP) of (i) interest expense of the NFE Group Members during such period in respect of Indebtedness of the type specified in clauses (a), (c), (e) and (i) (solely with respect
        to Guarantee Obligations in respect of obligations of the kind referred to in clauses (a), (c) and (e) of the definition of “Indebtedness” and solely to the extent actually paid during such period by an NFE Group Member) of the definition thereof,
        net of, to the extent included in such consolidated interest expense for such period, (x) non-cash amounts attributable to amortization or write-off of capitalized interest or other financing costs paid in a previous period, (y) non-cash amounts
        attributable to amortization of debt discounts or accrued interest payable in kind for such period and (z) non-cash amounts attributable to pay-in-kind interest or other non-cash interest expense (including as a result of purchase accounting), minus (ii) interest income of the NFE Group Members during such period. For purposes of the foregoing, interest expense of any Person shall be
        determined after giving effect to any net payments made or received by such Person with respect to Hedge Agreements and other interest rate protection agreements (other than early termination payments).

     

      

    “Consolidated Current Assets”:  as at any date of
        determination, the total assets of a Person and its Subsidiaries on a consolidated basis that may properly be classified as current assets in conformity with GAAP, excluding cash and Cash Equivalents.

     

      

    “Consolidated Current Liabilities”:  as at any date of
        determination, the total liabilities of a Person and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.

     

      

    “Consolidated Excess Cash Flow”:  with respect to NFE Group
        Members, for any four fiscal quarter period (the “Applicable Period”), an amount (if positive) equal to Consolidated Net Income (calculated without giving effect
        to any Consolidated Net Income arising from any Asset Sale), plus, without duplication:

     

      

    
      8

      
        

    

    
      	 	
              (a)

            	
              non-cash charges, losses and expenses, including non-cash interest expense, depreciation, amortization, impairment charges and other
                  write-offs for the Applicable Period to the extent deducted from Consolidated Net Income for such period (excluding any such non-cash charge, loss or expense to the extent that it represents an accrual or reserve for an expected cash
                  payment obligation within the four fiscal quarter period following the Applicable Period),

            

       

      

    

    
      	 	
              (b)

            	
              any cash proceeds received in an Applicable Period that would have been included in the exclusion in clause (a) above for the four
                  fiscal quarter period immediately preceding the Applicable Period, and

            

       

      

    

    
      	 	
              (c)

            	
              the Consolidated Working Capital Adjustment for the Applicable Period (other than any such amount arising from Permitted Acquisitions
                  or Dispositions of the Capital Stock of any Subsidiary of the Borrower by any NFE Group Member completed during such period or the application of purchase accounting),

            

       

      

    

    minus, without duplication and to the extent not deducted
        in the calculation of Consolidated Net Income for the Applicable Period, the amounts for the Applicable Period of:

     

      

    
      	 	
              (d)

            	
              prepayments or repayments of Indebtedness for borrowed money, together with any interest, premium or penalties required to be paid (and
                  actually paid) in connection therewith (excluding (i) repayments of revolving loans except to the extent the revolving commitments associated therewith are permanently reduced in connection with such repayments, (ii) voluntary prepayments
                  of Term Loans and (iii) any prepayments or repayments funded with Net Cash Proceeds of any borrowing or issuance of Indebtedness for borrowed money, capital contributions to any NFE Group Member by any Person that is not a NFE Group
                  Member (including from the sale of Capital Stock of Parent contributed to Holdings), or net cash proceeds from sales of Capital Stock of any NFE Group Member to any Person that is not a NFE Group Member (collectively, “Financing Proceeds”)),

            

       

      

    

    
      	 	
              (e)

            	
              cash payments under Capital Leases (excluding any interest expense portion thereof) or other long-term obligations (including pension
                  obligations), together with the aggregate amount of any premiums, make-whole payments or penalties paid in cash and required to be made in connection with any such prepayment or repayment (excluding prepayments funded with Financing
                  Proceeds);

            

       

      

    

    
      	 	
              (f)

            	
              cash payments in respect of Capital Expenditures,

            

       

      

    

    
      	 	
              (g)

            	
              cash income Tax expense, together with the aggregate amount of Restricted Payments made pursuant to Section 6.5(g)(ii),

            

       

      

      
        9

        
          

      

    

    
      	 	
              (h)

            	
              cash payments in respect of Investments made pursuant to Section 6.6(i), (f), (i) and (m) (less, in each case, any amounts received in
                  respect thereof as a return of capital), excluding payments funded with Financing Proceeds,

            

       

      

    

    
      	 	
              (i)

            	
              non-cash income or gains increasing Consolidated Net Income for the Applicable Period,

            

       

      

    

    
      	 	
              (j)

            	
              cash payments in respect of Restricted Payments made pursuant to clauses (g)(i) and (g)(iii) of Section 6.5;

            

       

      

    

    
      	 	
              (k)

            	
              any cash that the Borrower has designated in good faith to be applied to Capital Expenditures, acquisitions or Investments by, or the
                  improvement, development, construction, remanufacturing, refurbishment, handling and repositioning, maintenance or repair of any property or other asset of, any Loan Party and with respect to which designation the Borrower shall have
                  delivered an officer’s certificate from a Responsible Officer to the Administrative Agent; and

            

       

      

    

    
      	 	
              (l)

            	
              any cash actually paid in respect of any non-cash losses or charges recorded in a prior period.

            

       

      

    

    “Consolidated Net Income”:  of any NFE Group Member(s) for
        any period, the consolidated net income (or loss) of such NFE Group Member(s) for such period, determined on a consolidated basis in accordance with GAAP; provided
        that in calculating Consolidated Net Income of NFE Group Members for any period, there shall be excluded (a) the income (or deficit) of any Person that was not a Subsidiary of a NFE Group Member that accrued prior to the date it becomes a
        Subsidiary of a NFE Group Member or is merged into or consolidated with a NFE Group Member, (b) the income (or deficit) of any Person (other than a Subsidiary of NFE Group Member) in which any NFE Group Member has an ownership interest, except to
        the extent that any such income is actually received by a NFE Group Member in the form of dividends or similar distributions and (c) the undistributed earnings of any non-Wholly Owned Subsidiary of any NFE Group Member (other than a Loan Party) to
        the extent that the declaration or payment of dividends or similar distributions by such non-Wholly Owned Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than under any Loan Document) or Requirement of Law
        applicable to such non-Wholly Owned Subsidiary.

     

      

    
      10

      
        

    

    “Consolidated Operating EBITDA”: of any NFE Group Member(s)
        for any period, Consolidated Net Income of such NFE Group Member(s) for such period plus, (i) without duplication and, except for items in clauses (f) and (m), to the extent reflected as a charge in Consolidated Net Income for such period, the sum
        of (a) provision for taxes based on income, profits or capital gains, including, without limitation, federal, state, franchise and similar taxes and foreign withholding taxes (including any future taxes or other levies which replace or are intended
        to be in lieu of such taxes and any penalties and interest related to such taxes or arising from tax examinations), (b) interest expense, amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees
        and charges associated with Indebtedness, plus the portion of rent expense under Capital Leases that is treated as interest expense in accordance with GAAP plus all cash dividends or other distributions paid (excluding items eliminated in
        consolidation) on any series of preferred stock or Disqualified Capital Stock, (c) depreciation and amortization expense, (d) any extraordinary, unusual or non-recurring losses or non-cash expenses (including, for the avoidance of doubt, losses on
        sales of assets or investments outside of the ordinary course of business), and non-cash impairments of goodwill, intangibles, fixed assets, land and land held for development, (e) any costs or expenses incurred by Holdings or any of its
        Subsidiaries pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement, any severance agreement or any stock subscription or shareholder agreement, to the extent that such costs or
        expenses are non-cash, (f) the amount of cash received by such NFE Group Member(s) during such period in connection with the Bogue Gas Contract that is accounted for as a lease and not otherwise included in Consolidated Net Income of such NFE Group
        Member(s), (g) the amount of any demurrage payable in respect of chartered vessels to the extent in excess of $2,000,000 in any consecutive 12-month period, (h) any other non-cash charges (including, for the avoidance of doubt, unrealized foreign
        exchange losses attributable to currency translation), (i) any fees, expenses or charges incurred with respect to the transactions that occurred on the Closing Date, the Transactions or any Indebtedness permitted to be incurred hereunder, (j) any
        fees, expenses or charges related to any equity offering by Holdings, IPO, IPO Reorganization Transaction, Investment, acquisition (including any Permitted Acquisition) of the Property of any Person or Disposition, in each case whether or not
        successful or consummated, (k) any net loss from disposed, abandoned or discontinued operations or operations that management is winding down, (l) the amount of any directors’ fees or reimbursements (including fees and reimbursements of directors
        of Parent), (m) cash receipts (or any netting arrangements resulting in reduced cash expenses) not otherwise included in Consolidated Operating EBITDA to the extent non-cash gains relating to such receipts were deducted in the calculation of
        Consolidated Operating EBITDA pursuant to clause (ii) below for any previous period and not added back, (n) (A) restructuring charges, (B) costs, expenses or charges resulting from employee relocation or severance and (C) charges or expenses
        resulting from the reconstruction or retirement of fixed assets, and (o) corporate overhead expense determined on a basis consistent with the model having the filename “NFE Pre-IPO Debt Model – 1 Liquefier 12-17-18 vFinal” and made available to the
        Lenders prior to the Closing Date, in an aggregate amount not to exceed $60,000,000 in any four-quarter period (or, for any period that is less than four fiscal quarters, $15,000,000 times the number of fiscal quarters included in such period), minus, (ii) to the extent included in Consolidated Net Income for such period, the sum of (a) any extraordinary, unusual or non-recurring income or gains (including,
        for the avoidance of doubt, any cash or non-cash income or gains from the sales of assets or investments outside of the ordinary course of business), (b) any other non-cash income or gains (including, for the avoidance of doubt, unrealized foreign
        exchange gains attributable to currency translation), (c) any cash payments made during such period in respect of non-cash items described in clause (i)(d) above subsequent to the fiscal quarter in which the relevant non-cash expenses or losses
        were reflected as a charge in the statement of Consolidated Net Income and (d) any net income from disposed, abandoned or discontinued operations or operations that management is winding down.

     

      

    Consolidated Operating EBITDA for any period shall include, without duplication, the Consolidated Operating EBITDA for such
        period of each Person that is not the Borrower or any of its Subsidiaries accounted for by the equity method of accounting, but only in an amount equal to the Borrower’s pro rata share thereof based on its direct or indirect percentage ownership
        interest in such Person. To the extent an ownership change occurs during such period, effect shall be given to such ownership change on a pro forma basis during such period.

    

    

    
      11

      
        

    

    
      “Consolidated Working Capital”:  as at any date of determination, the excess of
          Consolidated Current Assets of Holdings and its Subsidiaries over Consolidated Current Liabilities of Holdings and its Subsidiaries.

       

        

      “Consolidated Working Capital Adjustment”:  for any period on a consolidated basis,
          the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.  In calculating the Consolidated Working
          Capital Adjustment there shall be excluded the effect of reclassification during such period of current assets to long term assets and current liabilities to long term liabilities and the effect of any Permitted Acquisition during such period; provided that there shall be included with respect to any Permitted Acquisition during such period an amount (which may be a negative number) by which the
          Consolidated Working Capital acquired in such Permitted Acquisition as at the time of such acquisition exceeds (or is less than) Consolidated Working Capital at the end of such period.

    

     

      

    “Consulting Agreement”:  the Consulting Agreement, dated as
        of August 27, 2018, by and between DevTech Environmental Limited, a Jamaica limited company, and NFE North Distribution Limited, a Jamaica limited company.

    

    

    “Contractual Obligation”:  as to any Person, any provision
        of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its Property is bound.

    

    

      

    “Control Investment Affiliate”:  as to any Person, any other
        Person that (a) directly or indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) exists primarily for the purpose of making equity or debt investments in one or more companies.  For purposes of this
        definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.

     

      

    “Conversion/Continuation Date”:  the effective date of a
        continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

     

      

    “Conversion/Continuation Notice”:  a Conversion/Continuation
        Notice substantially in the form of Exhibit G-2.

     

      

    “Credit Date”:  the date of the making of a Term Loan.

     

      

    “Customary Recourse Exceptions”: with respect to any
        Indebtedness, personal recourse that is limited to fraud, misrepresentation, misapplication of cash, waste, environmental claims and liabilities, prohibited transfers, violations of single-purpose entity covenants, voluntary insolvency proceedings
        and other circumstances customarily excluded by institutional lenders from exculpation provisions or included in separate guaranty or indemnification agreements with respect to non-recourse financings.

     

      

    
      12

      
        

    

    “Debt Service Coverage Ratio”: for any period, the ratio of
        (a) Consolidated Operating EBITDA of the NFE Group Members for such period to (b) Interest Expense and Amortization for such period.

     

      

    “Debtor Relief Laws”:  the Bankruptcy Code of the United
        States and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable
        jurisdictions from time to time in effect and affecting the rights of creditors generally.

     

      

    “Default”:  any of the events or conditions specified in
        Section 7.1, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

    

    

    “Designated Non-Cash Consideration”: the fair market value
        (as determined in good faith by a Responsible Officer) of non-cash consideration received by a NFE Group Member in connection with a Disposition that is so designated as “Designated Non-Cash Consideration” pursuant to a certificate of a Responsible
        Officer, setting forth the basis of such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Non-Cash Consideration.

     

      

    “Disposition”:  with respect to any Property, any sale,
        lease, license, sale and leaseback, assignment, conveyance, transfer, exchange or other disposition thereof (or the granting of any option or other right to do any of the foregoing), whether through a Division/Series Transaction or otherwise,
        including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith; and the terms “Dispose” and “Disposed of” shall have correlative meanings.

     

      

    “Disqualified Capital Stock”:  with respect to any Person,
        any Capital Stock of such Person which, by its terms (or by the terms of any security or other Capital Stock into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is
        mandatorily redeemable (other than solely for Capital Stock which is not otherwise Disqualified Capital Stock), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control, merger, consolidation, amalgamation,
        liquidation or asset sale (collectively, a “Fundamental Change”) so long as any rights of the holders thereof upon the occurrence of such Fundamental Change
        shall be subject to the satisfaction of the Termination Conditions), (b) is redeemable at the option of the holder thereof (other than solely for Capital Stock which is not otherwise Disqualified Capital Stock), in whole or in part (except as a
        result of a Fundamental Change so long as any rights of the holders thereof upon the occurrence of such Fundamental Change shall be subject to the satisfaction of the Termination Conditions), (c) requires the scheduled payment of dividends in cash,
        or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Capital Stock that would constitute Disqualified Capital Stock, in each case, prior to the date that is 91 days after the Maturity Date.

     

      

    
      13

      
        

    

    “Disqualified Lender”: those Persons identified by the
        Borrower to the Administrative Agent in writing prior to the Closing Date and their respective Affiliates that are either (x) identified in writing by the Borrower to the Administrative Agent from time to time or (y) are identifiable solely on the
        basis of such Affiliates’ names as Affiliates of such Person.

     

      

    “Division/Series Transaction”: with respect to any Loan
        Party and/or any of its Subsidiaries that any such Person (a) divides into two or more Persons (whether or not the original Person or any other Person survives such division) or (b) creates, or reorganizes into, one or more series, in each case, as
        contemplated under the laws of State of Delaware.

     

      

    “Dollars” and “$”:  dollars in lawful currency of the United States of America.

     

      

    “Domestic Subsidiary”:  any Subsidiary organized under the
        Laws of the United States of America, any state thereof or the District of Columbia.

     

      

    “EEA Financial Institution”: (a) any
        institution established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this
        definition, or (c) any institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

     

      

    “EEA Member Country”: any of the member
        states of the European Union, Iceland, Liechtenstein, and Norway.

        

      

    “EEA Resolution Authority”: any public
        administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

        

      

    “Eligible Assignee”:  any Person other
        than (i) any of the Permitted Investors, any of their respective Affiliates or any of their respective associated investment funds, (ii) Holdings, the Borrower or any of their respective Subsidiaries, (iii) any natural person or (iv) a Disqualified
        Lender.

     

      

    “Environment”:  ambient air, indoor air, surface water,
        drinking water, groundwater, land surface, subsurface strata, sediments and natural resources such as wetlands, flora and fauna.

     

      

    “Environmental Claim”:  any investigation, notice, notice of
        violation, claim, action, suit, proceeding, demand, abatement order, or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (a) pursuant to or in connection with any actual or alleged
        violation of any Environmental Law; (b) in connection with the presence, Release of, or exposure to, any Hazardous Materials; or (c) in connection with any actual or alleged damage, injury, threat, or harm to the Environment.

     

      

    “Environmental Laws”:  any and all applicable Laws
        regulating, relating to or imposing liability or standards of conduct concerning protection or regulation of the Environment, or human health or safety in connection with exposure to hazardous or toxic materials, as has been, is now, or may at any
        time hereafter be, in effect and including, without limitation, the common law insofar as it relates to any of the foregoing.

     

      

    
      14

      
        

    

    “Environmental Permits”:  any and all Permits required
        under, or issued pursuant to, any Environmental Law and including, without limitation, the common law insofar as it relates to any of the foregoing.

    

    

    “ERISA”:  the Employee Retirement Income Security Act of
        1974.

     

      

    “Eurodollar Rate Loan”:  a Term Loan bearing interest at a
        rate determined by reference to the Adjusted Eurodollar Rate.

     

      

    “Event of Default”:  any of the events or conditions
        specified in Section 7.1; provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

     

      

    “Excess Cash Flow Determination Date”:  December 31 of each
        year, commencing with December 31, 2019.

     

      

    “Excess Cash Flow Prepayment Amount”:  an amount, measured
        as of any Excess Cash Flow Determination Date, commencing with December 31, 2019, equal to 100% of Consolidated Excess Cash Flow for the most recently ended four fiscal quarter period of the Borrower ending on such date.

    

    

    “Exchange Act”: the Securities Exchange Act of 1934, and the
        rules and regulations of the SEC promulgated thereunder.

    

    

      

    “Excluded Subsidiary”:  (a) each Subsidiary of the Borrower
        subject to any Contractual Obligation permitted under the Loan Documents and existing as of the Restatement Effective Date (or, with respect to any Person which becomes a Subsidiary of the Borrower after the Restatement Effective Date, existing at
        the time such Person becomes a Subsidiary of the Borrower and not entered into in contemplation of such Person becoming a Subsidiary of the Borrower) or Law restricting or limiting the ability of such Subsidiary of the Borrower from guaranteeing
        any portion of the Obligations, (b) Foreign Subsidiaries of the Borrower or Holdings that are CFCs, (c) Subsidiaries of the Borrower or Holdings that are FSHCOs and (d) Subsidiaries of the Borrower or Holdings that are owned directly or indirectly
        by Foreign Subsidiaries of the Borrower or Holdings that are CFCs; provided, however,
        that notwithstanding the foregoing, none of the Barbados Guarantors, the Bermuda Guarantors, the Jamaican Guarantors or NFEnergia shall in any event be an Excluded Subsidiary.

    

    

    “Excluded Swap Obligations”:  with respect to any Guarantor,
        any obligation (a “Swap Obligation”) to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section
        1a(47) of the Commodity Exchange Act, if, and to the extent that, all or a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes
        illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason not to
        constitute an “eligible contract participant” as defined in the Commodity Exchange Act.

     

      

    
      15

      
        

    

    “Excluded Taxes”: (A) Taxes imposed on or measured by net
        income (however denominated), branch profits Taxes, and franchise Taxes, in each case (x) imposed on any Recipient as a result of such Recipient being organized under the laws of, or having its principal office or applicable lending office located
        in, the jurisdiction of the Governmental Authority imposing such Tax (or any political subdivision thereof), or (y) that are Other Connection Taxes; (B) Taxes imposed on any Recipient that are attributable to such Recipient’s failure to comply with
        the requirements of paragraph (f), (g), (h), (i) or (j) of Section 2.17; (C) with respect to any Lender, any U.S. federal withholding Tax imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a
        Term Loan or Commitment pursuant to any Law in effect at the time such Lender acquires such interest in a Term Loan or Commitment (other than pursuant to an assignment requested by the Borrower under Section 2.19) (or changes its applicable lending
        office) except in each case to the extent that (x) such Lender’s assignor was entitled, immediately prior to the assignment to such Lender, to additional amounts in respect of such withholding Tax, or (y) such Lender was entitled, immediately prior
        to such change in applicable lending office, to additional amounts in respect of such withholding Tax; and (D) any withholding Taxes that are imposed pursuant to FATCA.

     

      

    “Existing Credit Agreement”:  as defined in the recitals
        hereto.

     

      

    “Existing Lender”:  as defined in the recitals hereto.

    

    

    “Existing Term Loans”:  as defined in the recitals hereto.

    

    

    “Extraordinary Receipt”:  any cash or Cash Equivalents
        received by or paid to or for the account of any Person not in the ordinary course of business, including Tax refunds, pension plan reversions, proceeds of insurance (other than proceeds of business interruption insurance to the extent such
        proceeds constitute compensation for lost earnings), condemnation awards (and payments in lieu thereof), indemnity payments and any purchase price adjustments; provided,
        however, that an Extraordinary Receipt shall not include cash receipts (a) constituting the Net Cash Proceeds of a Recovery Event or (b) that are received by any
        Person in respect of any third-party claim against such Person and applied to pay (or to reimburse such Person for its prior payment of) such claim and the costs and expenses of such Person with respect thereto.

     

    

     “FASB”: the Financial Accounting Standards Board of the
        American Institute of Certified Public Accountants.

     

      

    “FATCA”: Sections 1471 through 1474 of the Code as of the
        date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant
        to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or official practices adopted pursuant to such
        intergovernmental agreement.

     

      

    
      16

      
        

    

    “Federal Funds Effective Rate”:  for any day, the rate per
        annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided, (a) if such day is not a Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business
        Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the average rate charged to the Administrative Agent on
        such day on such transactions as determined by the Administrative Agent.

     

    

     “First Extended Maturity Date”: June 30, 2020.

     

      

    “Flood Laws”: collectively, (i) the National Flood Insurance
        Act of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (ii) the Flood Insurance Reform Act of 2004 as now or
        hereafter in effect or any successor statute thereto, and (v) the Biggert-Waters Flood Insurance Reform Act of 2012, as now or hereinafter in effect or any successor statute thereto, including, in each case, any rules and regulations enacted
        thereunder.

     

      

    “Foreign Collateral Documents”: the collective reference to
        (i) the Mortgages of Real Property, granted by the applicable Jamaican Guarantors, as mortgagors, in favor of the Administrative Agent, (ii) the Composite Debenture and Collateral Debenture (Collateral to Mortgage of Real Property), granted by the
        Jamaican Guarantors, as chargors, in favor of the Administrative Agent, (iii) the Mortgages of Shares (Collateral to a Mortgage of Real Property), granted with respect to the shares of each of the Jamaican Guarantors, in favor of the Administrative
        Agent, as mortgagee, (iv) the Control Agreements granted with respect to certain accounts of the applicable Jamaican Guarantors, (v) the Blank and Undated Instruments of Transfer, with respect to the shares of each of the Jamaican Guarantors, (vi)
        the Deed of Charge over Shares or Quotas (as applicable) for each of the Barbados Guarantors, among the Administrative Agent, Atlantic Energy Holdings LLC and each of the Barbados Guarantors, (vii) a Debenture/Mortgage, granted by each of the
        Barbados Guarantors, each as a chargor, in favor of the Administrative Agent, (viii) the Blank and Undated Instruments of Transfer, by Atlantic Energy Holdings LLC and each of the Barbados Guarantors, (ix) a Bermuda law governed charge over shares,
        granted by Atlantic Power Holdings Limited in favor of the Administrative Agent over the shares of NFE North Holdings Limited, NFE North Trading Limited, NFE South Holdings Limited, NFE South Power Trading Limited and NFE South Trading Limited, (x)
        a Bermuda law governed charge over shares, granted by Atlantic Energy Holdings LLC in favor of the Administrative Agent over the shares of Atlantic Power Holdings Limited, (xi) a Bermuda law governed charge over shares, granted by NFE North
        Holdings Limited in favor of the Administrative Agent over the shares of NFE North Infrastructure Limited and (xii) each other security instrument or agreement governed by the laws of Jamaica, Barbados or Bermuda by which any Loan Party purports to
        grant a lien or security interest in its assets in favor of the Administrative Agent or the Lenders to secure the Obligations.

     

      

    
      17

      
        

    

    “Foreign Employee Benefit Plan”:  any employee benefit plan
        as defined in section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the NFE Group Members, but which is not covered by ERISA pursuant to ERISA section 4(b)(4).

     

      

    “Foreign Subsidiary”:  any Subsidiary other than a Domestic
        Subsidiary.

     

      

    “Fortress”: Fortress Investment Group LLC.

    

    

    “Fortress Equity Partners”:  Parent, its limited partners
        listed on Schedule 1.1C, their respective heirs, successors and assigns and any of their spouses, siblings or lineal descendants (including adopted children and their lineal descendants) or any Person controlled directly or indirectly by, or trust
        or similar estate planning vehicle established exclusively for the benefit of, any of such Persons.

     

      

    “FSHCO”:  any Subsidiary that owns (directly or through its
        Subsidiaries) no material assets other than the Capital Stock or indebtedness of one or more Foreign Subsidiaries that is (a) a CFC or (b) a Person described in this sentence.

     

      

    “Funding Notice”:  a notice substantially in the form of Exhibit G-1.

        

      

    “GAAP”:  generally accepted accounting principles in the
        United States of America as in effect from time to time.

     

      

    “Gas Contracts”:  the Bogue Gas Contract, the OHP Gas
        Contract, the Steam Supply Agreement and the PREPA Fuel Sale Agreement.

     

      

    “Governmental Authority”:  any federal, state, provincial,
        municipal, national or other government, governmental department, commission, board, bureau, authority, court, central bank, agency, regulatory body or instrumentality or political subdivision thereof or any entity, officer or examiner exercising
        executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government
        (including any supranational bodies such as the European Union or the European Central Bank).

     

      

    “Grantors”:  the collective reference to Holdings, the
        Borrower and the Subsidiary Guarantors, together with any other Person that grants a Lien on any of its Property to secure the obligations and liabilities of any Loan Party under any Loan Document.

     

      

    “Guarantee Agreements”:  collectively, (a) the Guarantee
        Agreement, dated as of Closing Date, made by each of the signatories thereto, in favor of the Administrative Agent for the benefit of the Secured Parties and governed by the Laws of the State of New York, and (b) any such other guarantee made in
        favor of the Administrative Agent for the benefit of the Secured Parties in form and substance reasonably satisfactory to the Administrative Agent, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to
        time.

     

      

    
      18

      
        

    

    “Guarantee Obligation”:  as to any Person (the “guaranteeing person”), any obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing person that guarantees or in effect
        guarantees, or which is given to induce the creation of a separate obligation by another Person (including any bank under any letter of credit) that guarantees or in effect guarantees any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any
        manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not contingent, (a) to purchase any such primary obligation or any Property constituting direct or indirect security
        therefor, (b) to advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
        obligor, (c) to purchase or lease Property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (d) otherwise to
        assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business, indemnification obligations incurred in the
        ordinary course of business or obligations in respect of indemnification, purchase price adjustments and earnouts incurred in connection with Permitted Acquisitions, Investments permitted under Section 6.6(n) and Dispositions permitted under
        Section 6.4.  The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made, or if not
        stated or determinable, the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such
        guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrower in
        good faith.

    

    

    “Guarantor Obligations”:  with respect to any Guarantor, all
        obligations and liabilities of such Guarantor (including interest, fees and expenses after the filing of any petition in bankruptcy (or which, but for the filing of such petition, would be accruing), or the commencement of any insolvency,
        reorganization or like proceeding, relating to such Guarantor, whether or not a claim for post-filing or post-petition interests, fees or expenses is allowed or allowable in such proceeding) which arise under or in connection with the Guarantee
        Agreement, any other Loan Document to which such Guarantor is a party, or any Secured Hedge Agreement to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs,
        expenses or otherwise, excluding, in each case, Excluded Swap Obligations.

     

      

    “Guarantors”:  the collective reference to Holdings and the
        Subsidiary Guarantors, together with any other Subsidiary of Holdings or the Borrower or any direct or indirect parent of Holdings added as a Guarantor at the election of the Borrower or pursuant to Section 5.10.

     

      

    “Hazardous Materials”:  any material, substance, chemical,
        or waste (or combination thereof) that (a) is listed, defined, designated, regulated or classified as hazardous, toxic, radioactive, dangerous, a pollutant, a contaminant, or words of similar meaning or effect under any Environmental Law; or
        (b) can form the basis of any liability under any Environmental Law, including, without limitation, any Environmental Law relating to petroleum, petroleum products, asbestos, urea formaldehyde, radioactive materials, polychlorinated biphenyls and
        toxic mold.

     

      

    
      19

      
        

    

    “Hedge Agreements”:  (a) any and all rate swap transactions,
        basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or
        forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions,
        currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master
        agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association,
        Inc., any International Foreign Exchange Master Agreement, or any other master derivatives agreement (any such master agreement, together with any related schedules, a “Master

            Agreement”), including any such obligations or liabilities under any Master Agreement, in each case entered into by Holdings or any of its Subsidiaries.

     

      

    “Holdings”: New Fortress Energy Holdings LLC, a Delaware
        limited liability company; provided that upon and after consummation of any IPO Reorganization Transactions, “Holdings” shall refer to any entity that is a
        direct parent of the Borrower as a result of the IPO Reorganization Transactions.

     

      

    “Indebtedness”:  of any Person at any date, without
        duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of Property or services (other than (i) accounts payable and accrued expenses incurred in the ordinary course of
        such Person’s business, (ii) purchase price adjustment, earn-outs, holdbacks and contingent payment obligations to which the seller of such Property or services may become entitled to the extent such obligation is fixed and determinable and not
        otherwise contingent and such amount is paid within 90 days after the date such obligation becomes fixed and determinable and not otherwise contingent and (iii) obligations incurred under ERISA or deferred employee or director compensation and
        accruals for employee expenses or obligations (including workers’ compensation and retiree medical care)), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or
        arising under any conditional sale or other title retention agreement with respect to Property acquired by such Person, (e) all Capital Lease Obligations of such Person, (f) the maximum amount of all obligations of such Person, contingent or
        otherwise, as an account party or applicant under acceptance, letter of credit, surety bond or similar facilities, (g) all obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire for value any
        Disqualified Capital Stock of such Person, (h) all Synthetic Debt and Synthetic Lease Obligations of such Person, (i) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (h) above,
        (j) all obligations of the kind referred to in clauses (a) through (i) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on Property (including, without
        limitation, accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation and (k) for the purposes of Section 7.1(e) only, all obligations of such Person in respect of
        Hedge Agreements.  The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s
        ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor.  For purposes of clause (k) above, the principal amount of Indebtedness in
        respect of Hedge Agreements shall equal the amount that would be payable (giving effect to netting) at such time if such Hedge Agreement were terminated.

     

      

    
      20

      
        

    

    “Indemnified Taxes”: (a) Taxes, other than Excluded Taxes,
        imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.

     

      

    “Insolvency”:  with respect to any Multiemployer Plan, the
        condition that such “plan” is insolvent within the meaning of Section 4245 of ERISA.

     

      

    “Intellectual Property”:  the collective reference to all
        rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, copyrights, patents, trademarks, proprietary technology,
        proprietary know-how and proprietary processes, and all rights to sue at law or in equity for any infringement or other violation thereof, including the right to receive all proceeds and damages therefrom.

     

      

    “Interest Expense and Amortization” means, for any period,
        the sum, without duplication, of (a) Consolidated Cash Interest Expense for such period and (b) the aggregate amount of regularly scheduled principal payments made during such period in respect of Indebtedness of the NFE Group Members of the type
        specified in clauses (a), (c), (e) and (i) (solely with respect to Guarantee Obligations in respect of obligations of the kind referred to in clauses (a), (c) and (e) of the definition of “Indebtedness” and solely to the extent actually paid by an
        NFE Group Member) of the definition of “Indebtedness”.

     

      

    “Interest Payment Date”:  with respect to (a) any Term Loan
        that is a Base Rate Loan, the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after January 1, 2019, and the final maturity date of such Term Loan; and (b) any Term Loan that is a
        Eurodollar Rate Loan, the last day of each Interest Period applicable to such Term Loan; provided, in the case of each Interest Period of longer than three
        months “Interest Payment Date” shall also include each date that is three months, or an integral multiple thereof, after the commencement of such Interest Period.

     

      

    
      21

      
        

    

    “Interest Period”:  in connection with a Eurodollar Rate
        Loan, an interest period of one, two, three or six months, as selected by the Borrower in the applicable Funding Notice or Conversion/Continuation Notice, (a) initially, commencing on the Restatement Effective Date or Conversion/Continuation Date
        thereof, as the case may be; and (b) thereafter, commencing on the day on which the immediately preceding Interest Period expires; provided, (i) if an Interest
        Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day unless no further Business Day occurs in such month, in which case such Interest Period shall expire on the
        immediately preceding Business Day; (ii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall,
        subject to clause (iii) of this definition, end on the last Business Day of a calendar month; and (iii) no Interest Period with respect to any portion of Term Loans shall extend beyond the Maturity Date.

     

      

    “Interest Rate Determination Date”:  with respect to any
        Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

     

      

    “Investments”:  as to any Person, any direct or indirect
        investment by such Person, including by means of (a) the purchase or other acquisition of Capital Stock or debt or other securities of another Person, (b) a loan, advance (other than advances to employees for moving, entertainment and travel
        expenses, drawing accounts and similar expenditures in the ordinary course of business and other than trade credit established in the ordinary course of business and advances in the ordinary course of business that would be recorded as accounts
        receivable of such Person in accordance with GAAP) or capital contribution to, guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any
        partnership or joint venture interest in such other Person or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets
        constituting a business unit, line of business or division of such Person.  For purposes of covenant compliance, the amount of any Investment outstanding at any time shall be the amount actually invested, reduced by any dividend, distribution,
        return of capital or repayment received by such Person in respect of the Investment, but otherwise without adjustment for subsequent increases or decreases in the value of, or write-ups, write-downs or write-offs with respect to, such Investment.

     

      

    “Investor Agreements”:  (i) the Partnership Framework
        Agreement, dated as of August 23, 2017, by and among Atlantic Distribution Holdings SRL, a Barbados society with restricted liability, and DevTec Environment Limited, a limited company organized under the laws of Jamaica, as amended from time to
        time (other than any such amendments that would be materially adverse to the Lenders) (the “Partnership Framework Agreement”), and (ii) any agreements entered
        into to effect the Partnership Framework Agreement, including (a) the Investor Agreement of NFE North Distribution Limited, a Jamaican limited company, dated as of August 27, 2018, by and among Atlantic Distribution Holdings SRL, a Barbados society
        with restricted liability, DevTec Environment Limited, a Jamaica limited company, Atlantic Energy Holdings LLC, a Delaware limited liability company, and NFE North Holdings Limited, a Bermuda limited company, and (b) the Consulting Agreement.

     

      

    “IPO”: the initial underwritten public offering (other than
        a public offering pursuant to a registration statement on Form S-8) of Capital Stock constituting common equity in the Borrower or Holdings or any other parent entity of the Borrower.

     

      

    
      22

      
        

    

    
      “IPO Entity”: at any time at and after an IPO, the entity
          the Capital Stock of which was issued or otherwise sold pursuant to the IPO.

       

        

      “IPO Listco”:  a wholly-owned Subsidiary of Holdings
          formed in contemplation of an IPO to become the IPO Entity.

    

     

      

    “IPO Reorganization Transactions”:  collectively, the
        transactions taken in connection with and reasonably related to consummating an IPO, including (a) formation and ownership of IPO Shell Companies, (b) entry into, and performance of, (i) a reorganization agreement among any of Holdings, the
        Borrower, its Subsidiaries and/or IPO Shell Companies implementing IPO Reorganization Transactions and other reorganization transactions in connection with an IPO and (ii) customary underwriting agreements in connection with an IPO and any future
        follow-on underwritten public offerings of common Capital Stock in the IPO Entity, including the provision by IPO Entity and the Borrower of customary representations, warranties, covenants and indemnification to the underwriters thereunder,
        (c) the merger of one or more IPO Subsidiaries with one or more direct or indirect holders of Capital Stock in Holdings, the Borrower or any other parent entity of the Borrower with the surviving entity in any such merger holding Capital Stock in
        Holdings, the Borrower or any other parent entity of the Borrower, as applicable, and the merger of such entities with any IPO Shell Company or IPO Subsidiary, (d) the issuance of Capital Stock of IPO Shell Companies to holders of Capital Stock of
        Holdings, the Borrower or any parent entity of the Borrower in connection with any IPO Reorganization Transactions, (e) the entry into an exchange agreement, pursuant to which holders of Capital Stock of Holdings, the Borrower or any other parent
        entity of the Borrower will be permitted to exchange such interests for certain economic/voting Capital Stock in IPO Listco, and (f) the entry into, and performance of, any tax receivables agreements by any IPO Shell Company or IPO Subsidiary, in
        each case of clauses (a) through (f), so long as after completion of all IPO Reorganization Transactions, (i) the security interests of the Lenders in the Collateral and the Guarantee Obligations, taken as a whole, would not be impaired in any
        material respect, and the Administrative Agent shall have received, at its request, a legal opinion, in form and substance reasonably acceptable to it, to such effect, (ii) no Change of Control shall result therefrom and (iii) the Administrative
        Agent shall continue to have a pledge of 100% of the issued and outstanding Capital Stock of the Borrower.

     

      

    “IPO Shell Company”: each of IPO Listco and any IPO
        Subsidiary.

     

      

     
    “IPO Subsidiary”: a wholly-owned Subsidiary of IPO Listco
        formed in contemplation of, and to facilitate, IPO Reorganization Transactions and an IPO.

     

      

    “Jamaican Guarantors”: collectively, NFE North Holdings
        Limited, NFE South Holdings Limited, NFE North Distribution Limited, NFE North Transport Limited and NFE South  Power Holdings Limited, each a private company limited by shares incorporated under the laws of Jamaica.

     

      

    “JAMALCO”:  the collective reference to General Alumina
        Jamaica LLC, a Delaware limited liability company, and Clarendon Alumina Production Limited, a Jamaica limited company.

     

      

    
      23

      
        

    

    “JPS”:  Jamaica Public Service Company Limited, a limited
        company incorporated under the laws of Jamaica.

    

    

    “Law”:  all international, foreign, Federal, state and local
        statutes, treaties, rules, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or
        administration thereof, and all applicable administrative orders, directed duties, licenses, authorizations and permits of, any Governmental Authority.

     

      

    “Lender Counterparty”:  each Lender, the Administrative
        Agent and each of their respective Affiliates counterparty to a Hedge Agreement (including any Person who is Administrative Agent or a Lender (or an Affiliate of the Administrative Agent or a Lender) as of the date of entering into such Hedge
        Agreement but subsequently ceases to be (or whose Affiliate ceases to be) Administrative Agent or a Lender, as the case may be); provided that no Person shall
        be a Lender Counterparty unless the Required Lenders have consented in writing to such Person being a Lender Counterparty.

     

      

    “Lenders”:  as defined in the preamble hereto.

     

      

    “LIBOR”:  as defined in the definition of “Adjusted
        Eurodollar Rate.”

     

      

    “LIBOR Discontinuance Event”:  any of the following:

     

      

    
      	 	
              (a)

            	
              an interest rate is not ascertainable pursuant to the provisions of the definition of “Adjusted Eurodollar Rate” and the inability to
                  ascertain such rate is unlikely to be temporary;

            

       

      

    

    
      	 	
              (b)

            	
              the regulatory supervisor for the administrator of LIBOR, the central bank for the currency of LIBOR, an insolvency official with
                  jurisdiction over the administrator for LIBOR, a resolution authority with jurisdiction over the administrator for LIBOR or a court or an entity with similar insolvency or resolution authority over the administrator for LIBOR, has made a
                  public statement, or published information, stating that the administrator of LIBOR has ceased or will cease to provide LIBOR permanently or indefinitely on a specific date, provided that, at that time, there is no successor administrator
                  that will continue to provide LIBOR; or

            

       

      

    

    
      	 	
              (c)

            	
              the administrator of LIBOR or a Governmental Authority having jurisdiction over the Administrative Agent or the administrator of LIBOR
                  has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans; provided that, at that time, there is no successor administrator that will continue to provide LIBOR (the date of determination or such specific date in the foregoing clauses (a)-(c), the “Scheduled Unavailability Date”).

            

       

      

      
        24

        
          

      

    

    “LIBOR Discontinuance Event Time”:  with respect to any
        LIBOR Discontinuance Event, (i) in the case of an event under clause (a) of such definition, the Business Day immediately following the date of determination that such interest rate is not ascertainable and such result is unlikely to be temporary
        and (ii) for purposes of an event under clause (b) or (c) of such definition, on the date on which LIBOR ceases to be provided by the administrator of LIBOR or is not permitted to be used (or if such statement or information is of a prospective
        cessation or prohibition, the 90th day prior to the date of such cessation or prohibition (or if such prospective cessation or prohibition is fewer than 90 days later, the date of such statement or announcement).

     

      

    “LIBOR Replacement Date”:  in respect of any borrowing of
        Eurodollar Rate Loans, upon the occurrence of a LIBOR Discontinuance Event, the next interest reset date after the relevant amendment in connection therewith becomes effective (unless an alternative date is specified) and all subsequent interest
        reset dates for which the Adjusted Eurodollar Rate would have had to be determined.

     

      

    “LIBOR Screen Rate”:  as defined in the definition of
        “Adjusted Eurodollar Rate.”

     

      

    “Lien”:  any mortgage, pledge, hypothec, hypothecation,
        assignment, deposit arrangement, right of retention, encumbrance, easement, right-of-way or other encumbrance on title to real property, lien (statutory or other), charge or other security interest or any preference, priority or other security
        agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional or installment sale or other title retention agreement and any financing lease having substantially the same economic effect as
        any of the foregoing).

     

      

    “Loan Documents”:  this Agreement, the Existing Credit
        Agreement, the Amendment Agreement, the Security Documents, the Guarantee Agreements and the Term Loan Notes.

     

      

    “Loan Parties”:  the collective reference to Holdings, the
        Borrower and each Subsidiary Guarantor; provided that if any direct or indirect parent of Holdings has been added as a Grantor at the request of the Borrower,
        “Loan Parties” shall include such direct or indirect parent of Holdings.

     

      

    “Management Equity”:  profits interests, restricted Capital
        Stock or options to acquire Capital Stock of Holdings or any of its Subsidiaries issued to directors, management or employees of Holdings, the Borrower and its Subsidiaries, which profits interests, Capital Stock or options may be convertible into,
        or exchangeable or exercisable for, Capital Stock of or options to acquire Capital Stock of Holdings or any of its Subsidiaries.

     

      

    “Material Adverse Effect”:  any circumstances or conditions
        that would have a material adverse effect on (a) the ability of the Borrower and the Guarantors, taken as a whole, to perform their payment obligations under this Agreement or any other Loan Document, (b) the rights or remedies of the Secured
        Parties under this Agreement or any other Loan Document or (c) the business, assets, properties, liabilities or financial condition of the NFE Group Members, taken as a whole.

     

      

    
      25

      
        

    

    “Material Environmental Amount”: an amount or amounts
        payable by the NFE Group Members, individually or in the aggregate in excess of $10,000,000, for: costs to prevent, resolve or correct a violation by any NFE Group Member of any Environmental Law; costs of any investigation, and any remediation, of
        any Hazardous Material in the Environment; and compensatory damages (including, without limitation, damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.

     

      

    “Material Subsidiary”: any Subsidiary of the Borrower (other
        than an Excluded Subsidiary) that (i) has total assets (as determined on a consolidated basis in accordance with GAAP) at the end of the fiscal quarter most recently ended for which financial statements have been or are required to be delivered
        pursuant to Section 5.1 on or before the relevant date of determination in excess of 10% of Total Assets or (ii) has total revenues (as determined on a consolidated basis in accordance with GAAP) for the fiscal quarter most recently ended for which
        financial statements have been or are required to be delivered pursuant to Section 5.1 on or before the relevant date of determination in excess of 10% of the total revenues of the NFE Group Members (as determined on a consolidated basis in
        accordance with GAAP) for such fiscal quarter; provided, that if at the end of or for any such fiscal quarter, the combined total assets (as determined on a
        consolidated basis in accordance with GAAP) or the combined revenues (as determined on a consolidated basis in accordance with GAAP) of all Subsidiaries (other than Excluded Subsidiaries) that under clauses (i) and (ii) above would not constitute
        Material Subsidiaries shall have exceeded 10% of Total Assets or 10% of the total revenues of the NFE Group Members (as determined on a consolidated basis in accordance with GAAP), then one or more of such Subsidiaries (other than Excluded
        Subsidiaries) that would not otherwise constitute Material Subsidiaries shall for all purposes of this Agreement be deemed to be Material Subsidiaries in descending order based on the amounts of their total assets or total revenues, as the case may
        be, until such excess shall have been eliminated.

     

      

    “Maturity Date”: the earlier of (a) (i) if no Maturity
        Extension Option is exercised pursuant to Section 2.20, the Original Maturity Date, (ii) if the First Maturity Extension Option is exercised pursuant to Section 2.20, the First Extended Maturity Date or (iii) if the Second Maturity Extension Option
        is exercised pursuant to Section 2.20, the Second Extended Maturity Date and (b) the date on which all Term Loans shall become due and payable in full hereunder, whether by acceleration or otherwise; provided that, in each case, if such date is not a Business Day, then the applicable Maturity Date shall be the immediately preceding Business Day.

     

      

    “Moody’s”: Moody’s Investors Service, Inc.

        

      

    “Morgan Stanley”:  as defined in the preamble hereto.

     

      

    “Mortgaged Properties”:  the real properties as to which the
        Administrative Agent for the benefit of the Secured Parties has been or shall be granted a Lien pursuant to one or more Mortgages, including those real properties listed on Schedule 1.1B
        and, subject to Section 5.10(a), the real properties acquired by any Loan Party after the Closing Date.

        

      

    
      26

      
        

    

    “Mortgages”:  each of the mortgages or deeds of trust,
        including, without limitation, assignments of leases and rents, whether in the same or a separate agreement, made by any Loan Party in favor of, or for the benefit of, the Administrative Agent for the benefit of the Secured Parties, in form and
        substance reasonably satisfactory to the Administrative Agent taking into consideration the law of the jurisdiction in which such mortgage or deed of trust is to be recorded, registered or filed, to the extent applicable, as the same may be
        amended, supplemented or otherwise modified from time to time.

    

    

    “Multiemployer Plan”:  a plan that is a multiemployer plan
        as defined in Section 4001(a)(3) of ERISA with respect to which the Borrower or any Commonly Controlled Entity has an obligation to make contributions or has any actual or contingent liability.

     

      

    “Net Cash Proceeds”:  (a) in connection with any Asset Sale
        or any Recovery Event, the proceeds thereof in the form of cash and Cash Equivalents actually received by any NFE Group Member (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment
        receivable or purchase price adjustment receivable or otherwise, but only as and when such cash or Cash Equivalents is received) of such Asset Sale or Recovery Event, net of (i) attorneys’ fees, accountants’ fees, investment banking fees and
        brokerage and sales commissions paid to third parties that are not NFE Group Members, (ii) amounts required to be applied to the repayment of Indebtedness secured by a Lien permitted hereunder on any asset which is the subject of such Asset Sale or
        Recovery Event (other than any Lien pursuant to a Security Document), and all accrued interest, premiums and fees incurred and payable in connection with the repayment of such Indebtedness, (iii) other customary fees paid to third parties that are
        not NFE Group Members, (iv) expenses actually incurred in connection therewith, including any and all costs incurred and payable in connection with the repair and/or restoration of any property in connection with any Recovery Event with respect to
        such property and (v) Taxes paid or reasonably estimated to be payable (including any Restricted Payments made pursuant to Section 6.5(g)) as a result thereof (after taking into account any available Tax credits or deductions and any Tax sharing
        arrangements) and the amount of any reserves established to fund indemnification payments (fixed or contingent) or other contingent liabilities (including purchase price adjustments, payments made in connection with non-compete agreements, retained
        liabilities (such as pension and other post-employment benefit liabilities and liabilities related to environmental matters)) reasonably estimated to be payable as a result thereof; and (b) in connection with any issuance or sale of debt or equity
        securities or instruments or the incurrence of Indebtedness, the cash proceeds actually received from such issuance or incurrence, net of any reasonable acquisition or construction costs, attorneys’ fees, investment banking fees, accountants’ fees,
        underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith.  Notwithstanding the foregoing, the amount of Net Cash Proceeds from any Asset Sale or Recovery Event, issuance or sale of debt
        securities or the incurrence of loans received by any NFE Group Member that is not a Wholly Owned Subsidiary shall be deemed to equal the amount received by the non-Wholly Owned Subsidiary multiplied by the pro rata amount of Capital Stock of such non-Wholly Owned Subsidiary beneficially owned by the NFE Group
        Members; provided that, in the event that any Contractual Obligation of such non-Wholly Owned Subsidiary or Requirement of Law prohibits a distribution of such
        Net Cash Proceeds, such Net Cash Proceeds shall be deemed to have been received by a NFE Group Member upon the earlier of (x) the date of the actual receipt of such Net Cash Proceeds by the Borrower or a Wholly Owned Subsidiary holding an ownership
        interest in such non-Wholly Owned Subsidiary and (y) the date such Net Cash Proceeds are first permitted to be distributed by such non-Wholly Owned Subsidiary to the Borrower or a Wholly Owned Subsidiary holding an ownership interest in such
        non-Wholly Owned Subsidiary.

     

      

    
      27

      
        

    

    “NFE Group Members”:  Holdings, the Borrower and each
        Subsidiary of the Borrower; provided that if any direct or indirect parent of Holdings has been added as a Guarantor at the request of the Borrower, “NFE Group
        Members” shall include such direct or indirect parent of Holdings.

     

      

    “NFEnergia”:  NFEnergía LLC, a Puerto Rico limited liability
        company.

     

      

    “Non-Guarantor Subsidiary”:  any Subsidiary of the Borrower
        that is not a Subsidiary Guarantor.

    

    

    “Non-Public Information”:  material non-public information
        (within the meaning of United States federal, state or other applicable securities laws) with respect to the NFE Group Members or their securities.

     

     

      

    “Non-Recourse Indebtedness”:  (i) Indebtedness of any NFE
        Group Member for which the sole legal recourse for collection of principal and interest on such Indebtedness (other than Customary Recourse Exceptions) is the specific assets, property or equipment identified in the instruments evidencing or
        securing such Indebtedness, replacements thereof, additions and accessions thereto, proceeds and products thereof and customary security deposits, (ii) unsecured Guarantee Obligations provided by any NFE Group Member with respect to Customary
        Recourse Exceptions and (iii) Guarantee Obligations of the parent entity of the NFE Group Member that is the obligor in respect of such Indebtedness in respect of Non-Recourse Indebtedness of the type described in clause (i) of such NFE Group
        Member; provided, in the case of this clause (iii), that, except with respect to Customary Recourse Exceptions, recourse for such Guarantee Obligations shall be
        limited to the Capital Stock of such NFE Group Member.

     

      

    “Notice”:  a Funding Notice or a Conversion/Continuation
        Notice.

     

      

    “Obligations”:  (a) in the case of the Borrower, the
        Borrower Obligations, and (b) in the case of each Guarantor, its Guarantor Obligations.

        

      

    “OHP Gas Contract”:  the Amended and Restated Gas Sales
        Agreement, dated as of December 21, 2016, by and between NFE South Holdings Limited, a company limited by shares incorporated in the Islands of Bermuda, as Seller, and JPS, as Buyer, with respect to gas sales from the planned LNG terminal at Old
        Harbour, Jamaica, as the same may be amended, restated, supplemented or modified from time to time in accordance with Section 6.7(d).

     

      

    “Original Maturity Date”:  December 31, 2019.

     

      

    “Other Connection Taxes”: with respect to any Recipient,
        Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than any connection arising from such Recipient having executed, delivered, become a party to, performed its
        obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to and/or enforced any Loan Document).

     

      

    
      28

      
        

    

    “Other Taxes”:  any and all present or future stamp, court
        or documentary, intangible, recording, filing or similar Taxes arising from any payment made hereunder or under any other Loan Document or from the execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any
        Loan Document (and any interest, additions to Tax or penalties applicable thereto), except any such Taxes that are Other Connection Taxes imposed as a result of an assignment by a Lender (other than an assignment made pursuant to Section 2.19).

     

      

    “Parent”:  Fortress Equity Partners (A) LP, a Delaware
        limited partnership.

        

      

    “PATRIOT Act”:  the Uniting and Strengthening America by
        Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

        

      

    “PBGC”:  the Pension Benefit Guaranty Corporation
        established pursuant to Subtitle A of Title IV of ERISA (or any successor).

     

      

    “Pension Plan”:  a “pension plan,” as such term is defined
        in section 3(2) of ERISA, which is subject to Title IV of ERISA (other than a Multiemployer Plan), and to which the Borrower may have liability, including any liability by reason of the Borrower’s (a) being jointly and severally liable for
        liabilities of any Commonly Controlled Entity in connection with such Pension Plan, (b) having been a substantial employer within the meaning of section 4063 of ERISA at any time during the preceding five years, or (c) being deemed to be a
        contributing sponsor under section 4069 of ERISA.

     

      

    “Permit”:  any permit, license, approval, consent, order,
        right, certificate, judgment, writ, injunction, award, determination, direction, decree, registration, notification, authorization, franchise, privilege, grant, waiver, exemption and other similar concession or bylaw, rule or regulation of, by or
        from any Governmental Authority.

     

      

    “Permitted Acquisition”:  any acquisition, directly or
        indirectly, by any NFE Group Member, whether by purchase, merger or otherwise, of no less than 50% of the assets of, the Capital Stock of, or a business line or unit or a division of, any Person; provided,

     

      

    
      	 	
              (a)

            	
              in the case of the acquisition of Capital Stock (other than any such acquisition for consideration having a fair market value equal to
                  or less than $5,000,000), all of the Capital Stock (except for any such Capital Stock in the nature of directors’ qualifying shares or other similar shares required pursuant to applicable Law) acquired in connection with such acquisition
                  shall be owned, directly or indirectly, by the Borrower or a Subsidiary thereof, and the Borrower shall have taken, or caused to be taken, within the time periods and subject to the limitations specified therein, each of the actions set
                  forth in Section 5.10;

            

       

      

      
        29

        
          

      

    

    
      	 	
              (b)

            	
              at the time of, and immediately following, the execution and delivery by the applicable NFE Group Members of the definitive
                  documentation relating to such acquisition, no Event of Default shall exist;

            

       

      

    

    
      	 	
              (c)

            	
              if such acquisition is consummated after the financial statements for the fiscal quarter ending September 30, 2019, have been delivered
                  pursuant to Section 5.1(b), after giving pro forma effect to the consummation of such acquisition, and any related assumption or incurrence of Indebtedness, Holdings and the Borrower shall be in compliance with the covenant set forth in
                  Section 6.9 (calculated for the period then most recently ended for which the financial statements have been delivered pursuant to Section 5.1(a) or 5.1(b)); and

            

       

      

    

    
      	 	
              (d)

            	
              if such acquisition is consummated prior to delivery of the financial statements for the fiscal quarter ending September 30, 2019,
                  pursuant to Section 5.1(b), then the aggregate consideration (excluding purchase price adjustments, earn-outs, holdbacks and contingent payment obligations) for all acquisitions, directly or indirectly, by any NFE Group Member, whether by
                  purchase, merger or otherwise, of no less than 50% of the assets of, the Capital Stock of, or a business line or unit or a division of, any Person that have been consummated from the Closing Date until the delivery of the financial
                  statements for the fiscal quarter ending September 30, 2019, pursuant to Section 5.1(b) shall not exceed $50,000,000.

            

       

      

    

    “Permitted Investors”:  the collective reference to
        Fortress, Fortress Equity Partners and their respective Control Investment Affiliates; provided that the definition of “Permitted Investors” shall not include
        any Control Investment Affiliate whose primary purpose is the operation of an ongoing business (excluding any business whose primary purpose is the investment of capital or assets).

     

      

    “Person”:  an individual, general partnership, limited
        partnership, limited liability partnership, corporation, limited liability company, unlimited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of
        whatever nature.

     

      

    “Pledge Agreements”:  collectively, (i) the Pledge
        Agreement, dated as of the Closing Date, made by certain Loan Parties in favor of the Administrative Agent for the benefit of the Secured Parties and governed by the Laws of the State of New York and (ii) any such other pledge agreement made in
        favor of the Administrative Agent for the benefit of the Secured Parties in form and substance reasonably satisfactory to the Administrative Agent, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to
        time.

     

      

    “Pledged Equity”:  with respect to each Grantor, the shares
        of Capital Stock of any other Person in which such Grantor has granted a security interest to the Administrative Agent, for the benefit of the Secured Parties, pursuant to the Pledge Agreements, together with any other shares, stock or partnership
        unit certificates, options or rights of any nature whatsoever in respect of such Capital Stock that may be issued or granted to, or held by, such Grantor.

     

      

    
      30

      
        

    

    “PREPA”:  the Puerto Rico Electric Power Authority, a public
        corporation and governmental instrumentality of the Commonwealth of Puerto Rico.

     

      

    “PREPA Fuel Sale Agreement”:  the Fuel Sale and Purchase
        Agreement to be entered into between NFEnergia, as Seller, and PREPA, as Buyer, with economic terms, in the aggregate, consistent in all material respects with the draft agreement provided to the Administrative Agent prior to the Restatement
        Effective Date, as the same may be amended, restated, supplemented or modified from time to time in accordance with Section 6.7(d).

     

      

    “Prime Rate”:  the rate of interest quoted in the print
        edition of The Wall Street Journal, Money Rates Section as the Prime Rate, as in effect from time to time.  The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer.  The
        Administrative Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate.

    

    

    “Principal Office”:  the Administrative Agent’s “Principal
        Office” as set forth in Section 9.2, or such other office or office of a third party or sub-agent, as appropriate, as the Administrative Agent may from time to time designate in writing to the Borrower and each Lender.

    

    

    “Pro Forma Basis”: for purposes of calculating the Debt
        Service Coverage Ratio for any period, determined on a pro forma basis by giving pro forma effect to (1) the transactions occurring on the Closing Date and the Transactions occurring on the Restatement Effective Date (in each case, to the extent
        then applicable), (2) all Permitted Acquisitions, (3) all Investments and Capital Expenditures and (4) all Dispositions of any material assets outside of the ordinary course of business (and in each case, the incurrence or repayment of any
        Indebtedness in connection therewith) that have occurred during such period (or, if such calculation is being made for the purpose of determining whether (i) any proposed acquisition will constitute (or will be permitted as) a Permitted
        Acquisition, (ii) any Indebtedness or Liens may be incurred or (iii) any Disposition or Restricted Payment may be made, (x) during the applicable period or (y) subsequent to the end of the applicable period and prior to or simultaneously with the
        event for which the calculation of any such ratio is made), in each case, as if they occurred on the first day of such period. Whenever pro forma effect is to be given to any such transaction or such action, the pro forma calculations shall be made
        in good faith by a Responsible Officer of the Borrower and may include expected cost savings, operating expense reductions and synergies projected by the Borrower in good faith to result from such transactions or actions (without duplication of
        actual cost savings, operating expense reductions and synergies), which cost savings, operating expense reductions and synergies are reasonably identifiable and quantifiable and shall be certified in writing to the Administrative Agent by a
        Responsible Officer, as though such cost savings, operating expense reductions and synergies had been realized on the first day of such period and as if such cost savings, operating expense reductions and synergies were realized during the entirety
        of such period; provided that no amounts shall be added back as a pro forma adjustment hereunder to the extent duplicative of any amounts that are otherwise
        added back in calculating Consolidated Operating EBITDA.

     

      

    
      31

      
        

    

    “Pro Rata Share”:  with respect to all payments,
        computations and other matters relating to the Term Loan of any Lender, the percentage obtained by dividing (i) the Term Loan Exposure of that Lender by (ii) the aggregate Term Loan Exposure of all Lenders; provided that, if the Commitments have been terminated, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such
        termination and after giving effect to any subsequent assignments made pursuant to the terms hereof.  For all other purposes with respect to each Lender, “Pro Rata Share”
        means the percentage obtained by dividing (A) an amount equal to the sum of the Term Loan Exposure and the aggregate Commitments by (B) an amount equal to the sum of the aggregate Term Loan Exposure and the aggregate Commitments.

     

      

    “Property”:  any right or interest in or to property of any
        kind whatsoever, whether real or immovable, personal or moveable or mixed and whether tangible or intangible, corporeal or incorporeal, including, without limitation, Capital Stock.

        

      

    “Public Lenders”:  Lenders that do not wish to receive
        Non-Public Information with respect to the NFE Group Members or their securities.

     

      

    “Qualified Equity Interests”: Capital Stock of Holdings
        other than Disqualified Capital Stock.

     

      

    “Recipient”:  (a) the Administrative Agent, (b) any Lender
        or (c) the Arrangers, as applicable.

     

      

    “Recovery Event”:  the actual receipt of any settlement of
        or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any NFE Group Member.

     

      

    “Refinancing Indebtedness”:  with respect to any
        Indebtedness (the “Original Indebtedness”), modifications, refinancing, refundings, renewals or extensions of such Original Indebtedness, or Indebtedness issued
        in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund such Original Indebtedness; provided that:

     

      

    
      	 	
              (a)

            	
              the principal amount (or accreted value, if applicable) plus unfunded commitments of such Refinancing Indebtedness does not exceed the
                  principal amount (or accreted value, if applicable) plus unfunded commitments of the Original Indebtedness (plus any related fees and expenses and other amounts paid, unpaid accrued interest and premium thereon);

            

       

      

    

    
      	 	
              (b)

            	
              the weighted average life to maturity of such Refinancing Indebtedness is greater than or equal to (and the maturity of such
                  Refinancing Indebtedness is no earlier than) the shorter of (i) the weighted average life to maturity of the Original Indebtedness remaining as of the date of such modification, refinancing, refunding, renewal or extension and (ii) the
                  weighted average life to maturity of the Term Loans remaining as of the date of such modification, refinancing, refunding, renewal or extension;

            

       

      

      
        32

        
          

      

    

    
      	 	
              (c)

            	
              the Refinancing Indebtedness shall not have different obligors than the obligors under the Term Loans (unless such obligors are
                  obligors under the Original Indebtedness, or if the obligors under the Original Indebtedness are Non-Guarantor Subsidiaries, obligors under the Original Indebtedness and other Non-Guarantor Subsidiaries) or greater guarantees or security
                  than the guarantees and security provided in respect of the Obligations (unless such guarantees and security are the same as provided in respect of the Original Indebtedness, or if the guarantees and security under the Original
                  Indebtedness are provided by Non-Guarantor Subsidiaries, additional guarantees and security provided by such Non-Guarantor Subsidiaries or additional Non-Guarantor Subsidiaries);

            

       

      

    

    
      	 	
              (d)

            	
              if the Original Indebtedness is subordinated in right of payment to the Obligations, such Refinancing Indebtedness shall be
                  subordinated in right of payment on terms at least as favorable to the Lenders as those contained in the documentation governing the Original Indebtedness;

            

       

      

    

    
      	 	
              (e)

            	
              to the extent the Liens securing such Original Indebtedness are subordinated to the Liens securing the Obligations, the Liens, if any,
                  securing such Refinancing Indebtedness are subordinated to the Liens securing the Obligations pursuant to intercreditor arrangements reasonably acceptable to the Administrative Agent; and

            

       

      

    

    
      	 	
              (f)

            	
              if the Original Indebtedness is Non-Recourse Indebtedness, such Refinancing Indebtedness shall be Non-Recourse Indebtedness.

            

       

      

    

    “Regulation D”:  Regulation D of the Board as in effect from
        time to time.

     

      

    “Regulation T”:  Regulation T of the Board as in effect from
        time to time.

        

      

    “Regulation U”:  Regulation U of the Board as in effect from
        time to time.

     

      

    “Regulation X”:  Regulation X of the
        Board as in effect from time to time.

     

      

    “Related Fund”:  with respect to any Lender, any fund that
        (x) invests in commercial loans and (y) is managed or advised by the same investment advisor as such Lender, by such Lender or an Affiliate of such Lender.

     

      

    “Related Parties”:  with respect to any Person, such
        Person’s Affiliates and the partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates.

    

    

    “Release”:  any spilling, leaking, seepage, pumping,
        pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing, depositing, dispersing, emanating or migrating of any Hazardous Material in, into, onto or through the Environment.

     

      

    “Relevant Government Sponsor”:  any central bank, reserve
        bank, monetary authority or similar institution (including any committee or working group sponsored thereby) which shall have selected, endorsed or recommended a replacement rate, including relevant additional spreads or other adjustments, for
        LIBOR.

     

      

    
      33

      
        

    

    “Reportable Event”:  any of the events set forth in
        Section 4043(c) of ERISA, other than those events as to which the notice requirement is waived.

     

      

    “Required Lenders”:  one or more Lenders having or holding
        more than 50% of the aggregate Term Loans of all Lenders; provided that, prior to the making of the Term Loans, such determination shall be made based on the
        unused Term Loan Commitments of the Lenders.

     

      

    “Requirements of Law”:  as to any Person, the certificate of
        incorporation and bylaws or other organizational or governing documents of such Person, and any Law applicable to or binding upon such Person or any of its Property or to which such Person or any of its Property is subject.

    

    

    “Responsible Officer”:  with respect to any NFE Group Member
        the chief executive officer, president, chief financial officer, vice president, treasurer, assistant treasurer, controller, secretary, assistant secretary, board member or manager of such NFE Group Member, or any other authorized officer or
        signatory of such NFE Group Member reasonably acceptable to the Administrative Agent.

     

      

    “Restatement Effective Date”: December 31, 2018.

        

      

    “S&P”: Standard & Poor’s Ratings Services, a
        division of Standard & Poor’s Financial Services LLC.

     

      

    “Scheduled Unavailability Date”:  as defined in the
        definition of “LIBOR Discontinuance Event.”

     

      

    “SEC”:  the Securities and Exchange Commission (or
        successors thereto or an analogous Governmental Authority).

     

      

    “Second Extended Maturity Date”:  December 31, 2020.

     

      

    “Secured Hedge Agreements”: each Hedge Agreement permitted
        under Section 6.1 that is entered into by and between the Borrower or any of its Subsidiaries and any Lender Counterparty.

     

      

    “Secured Parties”:  a collective reference to the
        Administrative Agent, the Lenders and the Lender Counterparties.

     

      

    “Security Agreement”:  the Security Agreement, dated as of
        the Closing Date, made by the Loan Parties in favor of the Administrative Agent for the benefit of the Secured Parties.

     

      

    “Security Documents”:  the collective reference to (a) the
        Pledge Agreements, (b) the Security Agreement, (c) the Collateral Assignments, (d) the Mortgages, (e) the Foreign Collateral Documents and (f) all other security documents now or hereafter delivered to the Administrative Agent granting (or
        purporting to grant) a Lien on any Property of any Person to secure the Obligations.

     

      

    
      34

      
        

    

    “Similar Business”:  any business conducted or proposed to
        be conducted by the NFE Group Members on the Closing Date or any business that is similar, reasonably related, incidental, ancillary or complementary thereto, or is a reasonable extension, development or expansion thereof.

     

      

    “Solvent”:  with respect to any Person on any date of
        determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is
        not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond
        such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an
        unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business.  The amount of contingent liabilities at any time shall be
        computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

     

      

    “Steam Supply Agreement”:  the Steam Supply Agreement, dated
        as of October 10, 2017, between JAMALCO and NFE South Power Holdings Limited, a Jamaica limited company, as the same may be amended, restated, supplemented or modified from time to time in accordance with Section 6.7(d).

     

      

    “Subsidiary”:  as to any Person:  (a) any corporation of
        which more than 50% of the outstanding Capital Stock having ordinary voting power to elect the board of directors of such corporation (irrespective of whether at the time Capital Stock of any other class or classes of such corporation shall or
        might have voting power upon the occurrence of any contingency) is at the time directly or indirectly owned (i) by such Person, (ii) by such Person and one or more subsidiaries of such Person, or (iii) by one or more subsidiaries of such Person; or
        (b) any trust, partnership, joint venture or other Person as to which such Person, or one or more subsidiaries of such Person, owns more than 50% of the voting ownership, equity or similar interest of such trust, partnership, joint venture or other
        Person, as the case may be.

     

      

    “Subsidiary Guarantor”:  each Subsidiary of the Borrower
        providing a guarantee of the Obligations pursuant to a Guarantee Agreement.

     

      

    “Swap Obligations”:  as defined in “Excluded Swap
        Obligations.”

     

      

     “Synthetic Debt”:  with respect to any Person as of any
        date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

     

      

    
      35

      
        

    

    “Synthetic Lease Obligations”:  the monetary obligations of
        a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear on the
        balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

     

      

    “Taxes”: all present or future taxes, levies, imposts,
        duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

     

      

    “Term Loan”:  a term loan made by a Lender to the Borrower
        pursuant to Section 2.1(a).

     

      

    “Term Loan Commitment”:  the commitment of a Lender to make
        or otherwise fund a Term Loan and “Term Loan Commitments” means such commitments of all Lenders in the aggregate.  The amount of each Lender’s Term Loan
        Commitment as of the Restatement Effective Date is set forth on Schedule 1 to the Amendment Agreement.  The aggregate amount of the Term Loan Commitments as of
        the Restatement Effective Date is $500,000,000.

     

      

    “Term Loan Exposure”:  with respect to any Lender, as of any
        date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term
        Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment.

     

      

     “Term Loan Facility”:  as defined in the recitals hereto.

     

      

    “Term Loan Note”:  a promissory note in the form of Exhibit D, as it may be amended, restated, supplemented or otherwise modified from time to time.

        

      

    “Termination Conditions”:  collectively, (a) the payment in
        full in cash of the Obligations (other than (i) Unasserted Contingent Obligations and (ii) Obligations owing to Lender Counterparties under any Secured Hedge Agreements that are not then due and payable) and (b) the termination of the Commitments.

     

      

    “Total Assets”: as at any date of determination, the total
        assets of the NFE Group Members determined on a consolidated basis in accordance with GAAP as shown on the most recent consolidated balance sheet of Holdings and its Subsidiaries delivered pursuant to Section 5.1.

     

      

    “Total Cash”: as at any date of determination, the aggregate
        amount of cash and Cash Equivalents of the NFE Group Members determined on a consolidated basis in accordance with GAAP

      

     

      

    “Transactions”:  as defined in the recitals hereto.

     

      

    
      36

      
        

    

    “Type of Term Loan”:  a Base Rate Loan or a Eurodollar Rate
        Loan.

     

      

    “Unasserted Contingent Obligations”:  at any time,
        Obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities (excluding Obligations in respect of the principal of, and interest and premium (if any) on, any Obligation) in respect of which no assertion of liability
        and no claim or demand for payment has been made (and, in the case of Obligations for indemnification, no notice for indemnification has been issued by the indemnitee at such time).

     

      

    “Wholly Owned Subsidiary”:  as to any NFE Group Member, any
        other Person all of the Capital Stock of which (other than directors’ qualifying shares or other similar shares required pursuant to applicable Law) is owned by the Loan Parties directly and/or through other Wholly Owned Subsidiaries.

        

      

    “Withholding Agent”: any Loan Party or the Administrative
        Agent, as applicable.

        

      

    “Write-Down and Conversion Powers”: with respect to any EEA
        Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU
        Bail-In Legislation Schedule.

        

      

    Section 1.2       Other Definitional Provisions.

     

      

    (a)          Unless otherwise specified therein, all terms defined
        in this Agreement shall have the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto.

     

      

    (b)          As used herein and in the other Loan Documents, and
        any certificate or other document made or delivered pursuant hereto or thereto, accounting terms relating to Holdings, the Borrower and their respective Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to
        the extent not defined, shall (subject to Section 9.15) have the respective meanings given to them under GAAP.

     

      

    (c)          The words “hereof,” “herein” and “hereunder” and
        words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified.  The
        words “include,” “includes” and “including shall be deemed to be followed by the phrase “without limitation.”  The word “will” shall be construed to have the same meaning and effect as the word “shall.”

     

      

    (d)          The meanings given to terms defined herein shall be
        equally applicable to both the singular and plural forms of such terms.

     

      

    (e)          All calculations of financial ratios set forth herein
        shall be calculated to the same number of decimal places as the relevant ratios are expressed in and shall be rounded upward if the number in the decimal place immediately following the last calculated decimal place is five or greater.  For
        example, if the relevant ratio is to be calculated to the hundredth decimal place and the calculation of the ratio is 5.126, the ratio will be rounded up to 5.13.

     

      

    
      37

      
        

    

    (f)          As used herein and in the other Loan Documents,
        references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, restated, replaced, refinanced, supplemented or otherwise modified from time
        to time (subject to any restrictions on such amendments, restatements, replacements, refinancings, supplements or other modifications set forth herein or in any other Loan Document).  Any reference to any Law shall include all statutory and
        regulatory provisions consolidating, amending, replacing or interpreting such Law and any reference to any Law shall, unless otherwise specified, refer to such Law as amended, supplemented or otherwise modified from time to time.

     

      

    (g)         The words “asset” and “property” shall be construed
        to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

     

      

    (h)         Any reference herein to any Person shall be construed
        to include such Person’s permitted successors and assigns.

     

      

    Section 1.3       Timing of Payment or Performance.  When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business
        Day, the date of such payment (other than as described in the definition of “Interest Period” and in the definition of “Maturity Date”) or performance shall extend to the immediately succeeding Business Day.

     

      

    Section 1.4       Currency Equivalents Generally.

     

      

    (a)          For purposes of determining compliance with
        Sections 6.1, 6.2 and 6.6 with respect to any amount of Indebtedness or Investment in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of currency exchange
        occurring after the time such Indebtedness or Investment is incurred (so long as such Indebtedness or Investment, at the time incurred, made or acquired, was permitted hereunder).

     

      

    (b)          For purposes of this Agreement and the other Loan
        Documents, where the permissibility of a transaction or determination of required actions or circumstances depend upon compliance with, or are determined by reference to, amounts stated in Dollars, any requisite currency translation shall be based
        on the exchange rate in effect on the Business Day immediately preceding the date of such transaction (subject to the following proviso) or determination and shall not be affected by subsequent fluctuations in exchange rates.

     

      

    
      38

      
        

    

    
      Section 1.5       Other Defined Terms.  As used in this Agreement, the following terms shall have the respective meanings set forth in the described Sections.

       

        

    

    	
            Defined Term

          	
            Section

          
	
            “Accounting Change”

          	
            9.15

          
	
            “Affected Lender”

          	
            2.15(b)

          
	
            “Affected Loans”

          	
            2.15(b)

          
	
            “Agent Parties”

          	
            9.2

          
	
            “Aggregate Amounts Due”

          	
            2.14

          
	
            “Agreement Currency”

          	
            9.17(b)

          
	
            “Anti-Money Laundering Laws”

          	
            3.22(a)(i)

          
	
            “Applicable Creditor”

          	
            9.17(b)

          
	
            “Assignee”

          	
            9.6(c)

          
	
            “Assignor”

          	
            9.6(c)

          
	
            “Benefited Lender”

          	
            9.7(a)

          
	
            “Borrower Materials”

          	
            9.2(a)

          
	
            “Cure Amount”

          	
            7.3(a)

          
	
            “Cure Right”

          	
            7.3(a)

          
	
            “Eligible Collateral Property”

          	
            5.10(d)

          
	
            “FCPA”

          	
            3.22(a)

          
	
            “First Maturity Extension Option”

          	
            2.20

          
	
            “Flood Laws”

          	
            3.23

          
	
            “Foreign Disposition”

          	
            2.11(h)

          
	
            “Granting Lender”

          	
            9.6(g)

          
	
            “Increased Cost Lender”

          	
            2.19

          
	
            “Indemnified Liabilities”

          	
            9.5(a)

          
	
            “Indemnitee”

          	
            9.5(a)

          
	
            “Information”

          	
            9.14

          
	
            “Installment”

          	
            2.9

          
	
            “Judgment Currency”

          	
            9.17(b)

          
	
            “Maturity Extension Options”

          	
            2.20

          
	
            “Maturity Extension Notice”

          	
            2.20

          
	
            “Netted Tax Amount”

          	
            2.11(h)

          
	
            “Non-Consenting Lender”

          	
            2.19

          
	
            “Participant”

          	
            9.6(b)

          
	
            “Participant Register”

          	
            9.6(b)

          
	
            “Platform”

          	
            5.2

          
	
            “Post-Closing Actions”

          	
            5.12

          
	
            “Private Side Information”

          	
            5.2

          
	
            “Refused Proceeds”

          	
            2.12(c)

          
	
            “Register”

          	
            2.4(b)

          
	
            “Replacement Lender”

          	
            2.19

          
	
            “Required Prepayment Date”

          	
            2.12(c)

          
	
            “Restricted Payments”

          	
            6.5

          
	
            “Sanctions”

          	
            3.22(c)(i)

          
	
            “Sale-Leaseback Transaction”

          	
            2.11(a)

          
	
            “Second Maturity Extension Option”

          	
            2.20

          
	
            “SPC”

          	
            9.6(g)

          
	
            “Successor LIBOR Rate”

          	
            2.15(f)

          
	
            “Successor Borrower”

          	
            6.3(a)

          
	
            “Successor Holdings”

          	
            6.3(a)

          
	
            “Terminated Lender”

          	
            2.19

          
	
            “Transferee”

          	
            9.14

          
	
            “Voluntary Prepayment”

          	
            6.7

          
	
            “Waivable Mandatory Prepayment”

          	
            2.12(c)

          

    

    

    
      39

      
        

    

    Section 1.6       Effect of Amendment and Restatement.  This Agreement shall, except as otherwise expressly set forth herein, supersede the Existing Credit Agreement from and after the Restatement Effective Date with
        respect to the transactions hereunder and with respect to the Term Loans outstanding under the Existing Credit Agreement as of the Restatement Effective Date.  The parties hereto acknowledge and agree, however, that (a) this Agreement and all other
        Loan Documents executed and delivered herewith do not constitute a novation or termination of the Obligations under the Existing Credit Agreement and the other Loan Documents as in effect prior to the Restatement Effective Date, (b) the liens and
        security interests in favor of the Administrative Agent for the benefit of the Secured Parties securing payment of such Obligations are in all respects continuing and in full force and effect with respect to all Obligations and (c) all references
        in the other Loan Documents to the Credit Agreement shall be deemed to refer without further amendment to this Agreement.

    

      

    SECTION 2.   LOANS

    

      

    Section 2.1       Term Loans.

    

      

    (a)          Restatement Effective Date Loan Commitments.  Subject to the terms and conditions hereof and those set forth in the Amendment Agreement, each Lender severally agrees to make, from time to time during
        the period from and including the Restatement Effective Date to the Commitment Termination Date, Term Loans to the Borrower in an aggregate amount up to but not exceeding such Lender’s Term Loan Commitment.  The Borrower may not borrow Term Loans
        on the Restatement Effective Date in an aggregate principal amount in excess of $280,000,000.  The Borrower may not make more than three borrowings under the Term Loan Commitments, one of which shall be on the Restatement Effective Date.  The Term
        Loans may be Eurodollar Rate Loans or Base Rate Loans, as provided herein.  Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed.  Subject to Sections 2.9, 2.10(a) and 2.11, all amounts owed
        hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date with respect thereto.  Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Commitment Termination Date to
        the extent such Term Loan Commitment is unused or not otherwise terminated prior to such date.

    

      

    (b)          Existing Term Loans.  Prior to the Restatement Effective Date, the Existing Lenders made the Existing Term Loans to the Borrower in an aggregate principal amount of $240,000,000. On the Restatement
        Effective Date, the Borrower shall apply the proceeds of Term Loans made pursuant to Section 2.1(a) to prepay the Existing Term Loans in full.

    

      

    
      40

      
        

    

    (c)          Borrowing Mechanics for Term Loans.

    

      

    
      
        (i) With respect to each
            Term Loan requested by the Borrower, the Borrower shall deliver to the Administrative Agent a fully executed Funding Notice no later than (x) one Business Day prior to the proposed Credit Date with respect to Base Rate Loans and (y) three
            Business Days prior to the proposed Credit Date with respect to Eurodollar Rate Loans (or, with respect to a Term Loan requested to be made on the Restatement Effective Date, such shorter period as may be acceptable to the Lenders on the
            Restatement Effective Date).  Promptly upon receipt by the Administrative Agent of such Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing.

        

          

      

    

    
      
        (ii) Each Lender shall make its Pro Rata Share of the Term Loans requested to be made on any Credit Date available to the Administrative Agent not later than 10:00 a.m. (New York City time) on such Credit Date, by wire
            transfer of same day funds in Dollars, at the principal office designated by Administrative Agent.  Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans
            available to the Borrower on the requested Credit Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from Lenders to be credited to the account of the
            Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

        

          

      

    

    Section 2.2       Pro Rata Shares; Availability of Funds.

    

      

    (a)          Pro Rata Shares.  All Term Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender
        shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Term Loan requested hereunder or purchase a participation required hereby nor shall any Commitment of any Lender be increased or decreased as a
        result of a default by any other Lender in such other Lender’s obligation to make a Term Loan requested hereunder or purchase a participation required hereby.

    

      

    
      41

      
        

    

    (b)          Availability of Funds.  Unless the Administrative Agent shall have been notified by any Lender prior to the applicable Credit Date that such Lender does not intend to make available to the
        Administrative Agent the amount of such Lender’s Term Loan requested on such Credit Date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such Credit Date and the Administrative
        Agent may, in its sole discretion, but shall not be obligated to, make available to the Borrower a corresponding amount on such Credit Date.  If such corresponding amount is not in fact made available to the Administrative Agent by such Lender, the
        Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date until the date such amount is paid to the Administrative Agent, at the
        customary rate set by the Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate.  In the event that (i) the Administrative Agent declines to make a requested amount available to the
        Borrower until such time as all applicable Lenders have made payment to the Administrative Agent, (ii) a Lender fails to fund to the Administrative Agent all or any portion of the Term Loans required to be funded by such Lender hereunder prior to
        the time specified in this Agreement and (iii) such Lender’s failure results in the Administrative Agent failing to make a corresponding amount available to the Borrower on the applicable Credit Date, at Administrative Agent’s option, such Lender
        shall not receive interest hereunder with respect to the requested amount of such Lender’s Term Loans for the period commencing with the time specified in this Agreement for receipt of payment by the Borrower through and including the time of the
        Borrower’s receipt of the requested amount.  If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower and the Borrower shall
        immediately pay such corresponding amount to the Administrative Agent together with interest thereon, for each day from the applicable Credit Date until the date such amount is paid to the Administrative Agent, at the rate payable hereunder for
        Base Rate Loans.  Nothing in this Section 2.2(b) shall be deemed to relieve any Lender from its obligation to fulfill its Commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by
        such Lender hereunder.

    

      

    Section 2.3       Use of Proceeds.  The proceeds of the Term Loans shall be applied by the Borrower to fund the uses specified in the recitals hereto.

    

      

    Section 2.4       Evidence of Debt; Register; Lenders’ Books and Records; Notes.

    

      

    (a)          Lenders’ Evidence of Debt.  Each Lender shall maintain on its internal records an account or accounts evidencing the Borrower Obligations to such Lender, including the amounts of the Term Loans made by
        it and each repayment and prepayment in respect thereof.  Any such recordation shall be conclusive and binding on the Borrower and each other Loan Party, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower’s Obligations in respect of any applicable Term Loans; and provided further, in the event of any inconsistency between the Register and any Lender’s records, the
        recordations in the Register shall govern.

    

      

    
      42

      
        

    

    (b)          Register.  The Administrative Agent (or its agent or sub-agent appointed by it) shall maintain at its Principal Office a register for the recordation of the names and addresses of Lenders (and each
        assignee thereof) and the Commitments and Term Loans (and related interest amounts) of each Lender from time to time (the “Register”).  The Register shall be
        available for inspection by the Borrower or any Lender (provided that any such Lender may only inspect (i) any entry relating to such Lender’s Commitments and Term Loans or (ii) the identity of the other Lenders (but not any information with
        respect to such other Lenders’ Commitments and Term Loans except upon the occurrence and during the continuance of an Event of Default)) at any reasonable time and from time to time upon reasonable prior notice.  The Administrative Agent shall
        record, or shall cause to be recorded, in the Register the Commitments and the Term Loans (and related interest amounts), as well as any assignments thereof, in accordance with the provisions of Section 9.6, and each repayment or prepayment in
        respect of the principal amount (and related interest amounts) of the Term Loans, and any such recordation shall be conclusive and binding on the Borrower, each other Loan Party and each Lender, absent manifest error; provided, failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitments or the Borrower Obligations in respect of any Term Loan.  The
        Borrower hereby designates the Administrative Agent to serve as the Borrower’s non-fiduciary agent solely for purposes of maintaining the Register as provided in this Section 2.4.  The parties hereto shall treat each Person listed in the Register
        as the owner of the applicable Term Loan, notwithstanding notice to the contrary.  This Section 2.4(b) is intended to establish a “book entry system” within the meaning of Treasury Regulation Section 5f.103-1(c)(1)(ii) and shall be interpreted
        consistently with such intent.

    

      

    (c)          Notes.  If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent) at least two Business Days prior to the Restatement Effective Date, or at any time
        thereafter, the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an Assignee of such Lender pursuant to Section 9.6) on the Restatement Effective Date (or, if such
        notice is delivered after the Restatement Effective Date, promptly after the Borrower’s receipt of such notice) a Term Loan Note to evidence such Lender’s Term Loan.

    

      

    Section 2.5       Interest on Term Loans.

    

      

    (a)          Except as otherwise set forth herein, each Term Loan
        shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

    

      (i)           if a Base
          Rate Loan, at the Base Rate plus the Applicable Margin; or

      

        

      
        (ii)          if a
            Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin.

      

      

        

    

    (b)          The basis for determining the rate of interest with
        respect to any Term Loan, and the Interest Period with respect to any Eurodollar Rate Loan, shall be selected by the Borrower and notified to Administrative Agent and Lenders pursuant to the applicable Funding Notice or Conversion/Continuation
        Notice, as the case may be.

    

      

    (c)          In connection with Eurodollar Rate Loans there shall
        be no more than ten (10) Interest Periods outstanding at any time.  In the event the Borrower fails to specify between a Base Rate Loan or a Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, such Term Loan (if
        outstanding as a Eurodollar Rate Loan) will be automatically converted into a Base Rate Loan on the last day of the then current Interest Period for such Term Loan (or if outstanding as a Base Rate Loan will remain as, or (if not then outstanding)
        will be made as, a Base Rate Loan).  In the event the Borrower fails to specify an Interest Period for any Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, the Borrower shall be deemed to have selected an
        Interest Period of one month.  As soon as practicable after 10:00 a.m. (New York City time) on each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive
        and binding upon all parties) the interest rate that shall apply to the Eurodollar Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone
        confirmed in writing) to the Borrower and each Lender.

    

      

    
      43

      
        

    

    (d)          Interest payable pursuant to clause (a) shall be
        computed (i) in the case of Base Rate Loans on the basis of a 365 day or 366 day year, as the case may be, and (ii) in the case of Eurodollar Rate Loans, on the basis of a 360 day year, in each case for the actual number of days elapsed in the
        period during which it accrues.  In computing interest on any Term Loan, the date of the making of such Term Loan or the first day of an Interest Period applicable to such Term Loan or the last Interest Payment Date with respect to such Term Loan
        or, with respect to a Base Rate Loan being converted from a Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be included, and the date of payment of such Term Loan or the
        expiration date of an Interest Period applicable to such Term Loan or, with respect to a Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall
        be excluded; provided, if a Term Loan is repaid on the same day on which it is made, one day’s interest shall be paid on that Term Loan.

     

      

    (e)          Except as otherwise set forth herein, interest on
        each Term Loan (i) shall accrue on a daily basis and shall be payable in arrears on each Interest Payment Date with respect to interest accrued on and to each such payment date; (ii) shall accrue on a daily basis and shall be payable in arrears
        upon any prepayment of that Term Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) shall accrue on a daily basis and shall be payable in arrears at maturity of the Term Loans, including final
        maturity of the Term Loans; provided, however, with respect to any
        voluntary prepayment of a Base Rate Loan, accrued interest shall instead be payable on the applicable Interest Payment Date.

    

      

    Section 2.6       Conversion/Continuation.

    

      

    (a)          Subject to Section 2.15 and so long as no Default or
        Event of Default shall have occurred and then be continuing, the Borrower shall have the option:

    

      

    (i)           to convert at
        any time all or any part of any Term Loan equal to $1,000,000 and integral multiples of $1,000,000 in excess of that amount from one Type of Term Loan to another Type of Term Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.15 in connection with any
        such conversion; or

    

      

    (ii)          upon the
        expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Term Loan equal to $1,000,000 and integral multiples of $1,000,000 in excess of that amount as a Eurodollar Rate Loan.

    

      

    
      44

      
        

    

    (b)          Subject to clause (c) below, the Borrower shall
        deliver a Conversion/Continuation Notice to the Administrative Agent no later than 2:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least
        three Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan).  Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or
        continuation of, any Eurodollar Rate Loans shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.  If on any day a Term Loan is
        outstanding with respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to the Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then
        for that day such Term Loan shall be a Base Rate Loan.

    

      

    (c)          Any Conversion/Continuation Notice shall be executed
        by a Responsible Officer of the Borrower in a writing delivered to the Administrative Agent.  In lieu of delivering a Conversion/Continuation Notice, the Borrower may give the Administrative Agent telephonic notice by the required time of such
        proposed conversion or continuation, as the case may be; provided each such notice shall be promptly confirmed in writing by delivery of the applicable
        Conversion/Continuation Notice to the Administrative Agent on or before the close of business on the date that the telephonic notice is given.  In the event of a discrepancy between the telephone notice and the written Conversion/Continuation
        Notice, the written Conversion/Continuation Notice shall govern.  In the case of any Conversion/Continuation Notice that is irrevocable once given, if the Borrower provides telephonic notice in lieu thereof, such telephone notice shall also be
        irrevocable once given.  Neither the Administrative Agent nor any Lender shall incur any liability to the Borrower in acting upon any telephonic notice referred to above that the Administrative Agent believes in good faith to have been given by a
        duly authorized officer or other person authorized on behalf of the Borrower or for otherwise acting in good faith.

    

      

    Section 2.7       Default Interest.  Upon the occurrence and during the continuance of an Event of Default under Section 7.1(a) or Section 7.1(f), the overdue principal amount of all Term Loans outstanding and, to the
        extent permitted by applicable law, any overdue interest payments on the Term Loans or any overdue fees or other amounts owed hereunder shall bear interest (including post-petition interest in any proceeding under Debtor Relief Laws (or interest
        that would have accrued after the commencement of a proceeding but for the commencement of such proceeding)) payable on demand at a rate that is 2% per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable
        Term Loans.  Payment or acceptance of the increased rates of interest provided for in this Section 2.7 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any
        rights or remedies of the Administrative Agent or any Lender.

    

      

    Section 2.8       Fees.

    

      

    (a)          [Reserved];

    

      

    
      45

      
        

    

    (b)          The Borrower agrees to pay to the Arrangers and the
        Administrative Agent such fees in the amounts and at the times separately agreed upon.

    

      

    Section 2.9       Scheduled Payments.  The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments and at final maturity (each such payment, an “Installment”) in the aggregate amounts set forth below on the four quarterly scheduled Interest Payment Dates applicable to Term Loans, commencing:

    

      

    	
            
              Amortization Date

            

          	 	
            
              Term Loan

               Installments

            

          	 
	
            March 31, 2019

          	 	
            $

          	
            1,250,000

          	 
	
            June 30, 2019

          	 	
            $

          	
            1,250,000

          	 
	
            September 30, 2019

          	 	
            $

          	
            1,250,000

          	 
	
            December 31, 2019

          	 	
            $

          	
            1,250,000

          	 
	
            March 31, 2020

          	 	
            $

          	
            1,250,000

          	 
	
            June 30, 2020

          	 	
            $

          	
            1,250,000

          	 
	
            September 30, 2020

          	 	
            $

          	
            1,250,000

          	 
	
            Maturity Date

          	 	
            Remainder

          	 

    

      

    Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans
        in accordance with Sections 2.10, 2.11 and 2.12, as applicable; and (y) the Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Maturity Date.

    

      

    Section 2.10     Voluntary Prepayments.

    

      

    (a)          Voluntary
            Prepayments of Term Loans.

    

      

    
      
        (i)           Any time and from time to
            time:

        

          

      

    

    
      
        (A) with respect to Base
            Rate Loans, the Borrower may prepay any such Term Loans on any Business Day in whole or in part, in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount; and

        

          

      

    

    
      
        (B) with respect to
            Eurodollar Rate Loans, the Borrower may prepay any such Term Loans on any Business Day in whole or in part in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount.

        

          

      

    

    
      
        (ii)          All such prepayments shall be
            made:

        

          

      

    

    
      
        (A) upon written or
            telephonic notice on the date of prepayment, in the case of Base Rate Loans; and

        

          

        
          46

          
            

        

      

    

    
      
        (B) upon not less than
            two Business Days’ prior written or telephonic notice in the case of Eurodollar Rate Loans;

      

    

    

      

    in each case given to the Administrative Agent by 3:00 p.m. (New York City time) on the date required and, if given by telephone, promptly
        confirmed by delivery of written notice thereof to the Administrative Agent (and the Administrative Agent will promptly transmit such original notice for Term Loans by telefacsimile or telephone to each applicable Lender).  Upon the giving of any
        such notice, the principal amount of the Term Loans specified in such notice shall become due and payable on the prepayment date specified therein; provided
        that a notice of voluntary prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities, the receipt of proceeds from the issuance of other Indebtedness or the Disposition of assets or the closing of a
        merger or acquisition transaction, in which case such notice of prepayment may be revoked or extended by the Borrower (by notice to the Administrative Agent on or prior to the specified date) if such condition is not satisfied or delayed in
        effectiveness, provided that the Borrower shall make any payments required to be made pursuant to Section 2.15(c) in connection therewith.  Any such voluntary prepayment shall be applied as specified in Section 2.12(a).

    

      

    Section 2.11      Mandatory Prepayments.

    

      

    (a)          Asset Sales.  No later than the tenth Business Day following the date of receipt by any NFE Group Member of any Net Cash Proceeds from any Asset Sale, the Borrower shall prepay the Term Loans in an
        aggregate amount equal to such Net Cash Proceeds, to be applied as specified in Section 2.12(b); provided, so long as no Event of Default under Section 7.1(a)
        or (f) shall have occurred and be continuing at the time such Net Cash Proceeds from Asset Sales are received, the Borrower shall have the option, directly or through one or more of its Subsidiaries, to reinvest such Net Cash Proceeds within 365
        days (or, in the case of an Asset Sale in which the real or personal property subject to such Asset Sale are then leased back to Holdings, the Borrower or any Subsidiary (a “Sale-Leaseback

            Transaction”), 90 days) of receipt thereof in assets useful in the business of the Borrower and its Subsidiaries (or to use such Net Cash Proceeds to replace assets Disposed of in such Asset Sale) or to enter into a binding
        commitment to acquire such assets within 365 days (or, in the case of a Sale-Leaseback Transaction, 90 days) of receipt thereof so long as such assets are actually acquired within an additional 180 days (or, in the case of a Sale-Leaseback
        Transaction, 30 days); provided further, that no Net Cash Proceeds in excess of $50,000,000 in the aggregate during the term of this Agreement may be reinvested
        pursuant to the previous proviso and not used to prepay the Term Loans as set forth in this Section 2.11(a); provided further, that any Net Cash Proceeds not so
        reinvested shall be applied to the prepayment of the Term Loans as set forth in this Section 2.11(a) at the end of such reinvestment period.

    

      

    (b)          Recovery Events.  No later than the tenth Business Day following the date of receipt by any NFE Group Member of any Net Cash Proceeds from any Recovery Event, the Borrower shall prepay the Term Loans
        in an aggregate amount equal to such Net Cash Proceeds, to be applied as specified in Section 2.12(b); provided, so long as no Event of Default under Section
        7.1(a) or (f) shall have occurred and be continuing, the Borrower shall have the option, directly or through one or more of its Subsidiaries, to reinvest such Net Cash Proceeds within 365 days of receipt thereof in assets useful in the business of
        the Borrower and its Subsidiaries (or to use such Net Cash Proceeds to replace assets damaged or destroyed in connection with the property or casualty insurance claim or condemnation proceeding that is the basis for such Recovery Event) or to enter
        into a binding commitment to acquire such assets within 365 days of receipt thereof so long as such assets are actually acquired within an additional 180 days; provided further, that any Net Cash Proceeds not so reinvested shall be applied to the prepayment of the Term Loans as set forth in this Section 2.11(b) at the end of such reinvestment period.

    

      

    
      47

      
        

    

    (c)          Extraordinary Receipts.  No later than the tenth Business Day following the date of receipt by any NFE Group Member of any Net Cash Proceeds from the receipt of any Extraordinary Receipts, the Borrower
        shall prepay the Term Loans in an aggregate amount equal to such Net Cash Proceeds, to be applied as specified in Section 2.12(b); provided, that so long as no
        Event of Default under Section 7.1(a) or (f) shall have occurred and be continuing, the Borrower shall have the option, directly or through one or more of its Subsidiaries, to reinvest such Net Cash Proceeds within 365 days of receipt thereof in
        assets useful in the business of the Borrower and its Subsidiaries or to enter into a binding commitment to acquire such assets within 365 days of receipt thereof so long as such assets are actually acquired within an additional 180 days; provided, further, that any Net Cash Proceeds not so reinvested shall be
        applied to the prepayment of the Term Loans as set forth in this Section 2.11(c) at the end of such reinvestment period.

    

      

    (d)          Issuance of Debt.

    

      

    
      
        (i)         Immediately
            upon receipt by any NFE Group Member of any Net Cash Proceeds from the incurrence by any NFE Group Member of any Indebtedness (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), the Borrower shall
            prepay the Term Loans in an aggregate amount equal to such Net Cash Proceeds, to be applied as specified in Section 2.12(b).

        

          

      

    

    
      
        (ii)         No later than the tenth Business Day following the date of receipt by any NFE Group Member of any Net Cash Proceeds from the incurrence by any NFE Group Member of any Indebtedness permitted to be incurred pursuant
            to Section 6.1(c) to finance assets other than the Philadelphia gas terminal or real property located in Mexico, the Borrower shall prepay the Term Loans in an aggregate amount equal to such Net Cash Proceeds, to be applied as specified in
            Section 2.12(b).

        

          

      

    

    (e)          [Reserved].

    

      

    (f)           Consolidated Excess Cash Flow.  If, as of any Excess Cash Flow Determination Date (commencing with December 31, 2019), the Excess Cash Flow Prepayment Amount exceeds $0, then within ten (10) Business
        Days after the date on which the annual audited financial statements for each fiscal year ended on any Excess Cash Flow Determination Date are required to be delivered pursuant to Section 5.1(a), the Borrower shall prepay the Term Loans in an
        amount equal to (i) the Excess Cash Flow Prepayment Amount, minus (ii) voluntary prepayments of Term Loans made during such fiscal year, except to the extent funded with Net Cash Proceeds of any borrowing or issuance of Indebtedness for borrowed
        money, to be applied as specified in Section 2.12(b).

    

      

    
      48

      
        

    

    (g)          Prepayment Certificate.  Concurrently with any prepayment of the Term Loans pursuant to Sections 2.11(a) through Section 2.11(f), the Borrower shall deliver to the Administrative Agent a certificate of
        a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment Amount, as the case may be.  In the event that the Borrower shall subsequently determine that the
        actual amount required to be prepaid exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith
        deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower demonstrating the derivation of such excess.

    

      

    (h)          Foreign Dispositions/Excess Cash Flow.  Notwithstanding any other provision of this Section 2.11, (i) to the extent that any of or all the Net Cash Proceeds of any Disposition by a Foreign Subsidiary
        (a “Foreign Disposition”) or Excess Cash Flow Prepayment Amount attributable to Foreign Subsidiaries are prohibited or delayed by applicable local law from being
        repatriated to the United States, the portion of such Net Cash Proceeds or Excess Cash Flow Prepayment Amount so affected will not be required to be applied to prepay Term Loans at the times provided in this Section 2.11 but may be retained by the
        applicable Foreign Subsidiary so long, but only so long, as the applicable local law will not permit repatriation to the United States (the Borrower hereby agreeing to cause the applicable Foreign Subsidiary to promptly take all actions reasonably
        required by the applicable local law to permit such repatriation), and once such repatriation of any of such affected Net Cash Proceeds or Excess Cash Flow Prepayment Amount that, in each case, would otherwise be required to be used to make a
        prepayment pursuant to this Section 2.11, is permitted under the applicable local law, such repatriation will be immediately effected and such repatriated Net Cash Proceeds or Excess Cash Flow Prepayment Amount will be promptly (and in any event
        not later than ten Business Days after such repatriation) applied (net of additional Taxes payable or reserved against as a result thereof) to the prepayment of the Term Loans pursuant to this Section 2.11 and (ii) to the extent that the Borrower
        has determined in its sole discretion exercised in good faith that repatriation to the United States of any of or all the Net Cash Proceeds of any Disposition by a Foreign Subsidiary or Excess Cash Flow Prepayment Amount attributable to Foreign
        Subsidiaries would have material adverse Tax consequences (taking into account any foreign Tax credit or benefit actually realized in connection with such repatriation) with respect to such Net Cash Proceeds or Excess Cash Flow Prepayment Amount,
        such Net Cash Proceeds or Excess Cash Flow Prepayment Amount so affected may be retained by the applicable Foreign Subsidiary; provided that in the case of this
        clause (ii), on or before the date on which any such Net Cash Proceeds or any such Excess Cash Flow Prepayment Amount would have been required to be applied to prepayments pursuant to this Section 2.11, the Borrower applies an amount equal to such
        Net Cash Proceeds or Excess Cash Flow Prepayment Amount to such reinvestments or prepayments, as applicable, as if such Net Cash Proceeds or Excess Cash Flow Prepayment Amount had been received by the Borrower rather than such Foreign Subsidiary,
        less the amount (the “Netted Tax Amount”) of additional Taxes that would have been payable or reserved against if such Net Cash Proceeds or Excess Cash Flow
        Prepayment Amount had been repatriated (or, if less, the Net Cash Proceeds or Excess Cash Flow Prepayment Amount that would be calculated if received by such Foreign Subsidiary); provided that, to the extent that the repatriation of any Net Cash Proceeds or Excess Cash Flow Prepayment Amount from such Foreign Subsidiary would no longer have an adverse Tax consequence, such Foreign Subsidiary shall
        promptly repatriate (and in any event not later than ten Business Days after such repatriation) an amount equal to the Netted Tax Amount to the Borrower, which amount shall be applied by the Borrower to prepayment of the Term Loans in accordance
        with this Section 2.11.

    

      

    
      49

      
        

    

    Section 2.12     Application of Prepayments/Reductions.

    

      

    (a)          Application of Voluntary Prepayments.  Any prepayment of any Term Loan pursuant to Section 2.10(a) shall be applied to prepay the Term Loans in direct order of maturity of the scheduled remaining
        Installments of principal of the Term Loans.

    

      

    (b)          Application of Mandatory Prepayments.  Any amount required to be used to prepay the Term Loans pursuant to Sections 2.11(a) through Section 2.11(f) shall be applied to the Term Loans in direct order of
        maturity of the scheduled remaining Installments of principal of the Term Loans.

    

      

    (c)          Waivable Mandatory Prepayment.  Anything contained herein to the contrary notwithstanding, so long as any Term Loans are outstanding, in the event the Borrower is required to make any mandatory
        prepayment (a “Waivable Mandatory Prepayment”) of the Term Loans, not less than three Business Days prior to the date (the “Required Prepayment Date”) on which the Borrower is required to make such Waivable Mandatory Prepayment, the Borrower shall notify the Administrative Agent of the amount of such prepayment, and the
        Administrative Agent will promptly thereafter notify each Lender holding an outstanding Term Loan of the amount of such Lender’s Pro Rata Share of such Waivable Mandatory Prepayment and such Lender’s option to refuse such amount.  Each such Lender
        may exercise such option to refuse its Pro Rata Share of such Waivable Mandatory Prepayment (such refused amount of all such Lenders, the “Refused Proceeds”) by
        giving written notice to the Borrower and the Administrative Agent of its election to do so on or before the second Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify the Borrower and the
        Administrative Agent of its election to exercise such option on or before the second Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option).  On the Required Prepayment
        Date, the Borrower shall (i) pay to the Administrative Agent the amount of the Waivable Mandatory Prepayment, less the Refused Proceeds, which such remaining amount shall be applied to prepay the Term Loans of those Lenders that have elected not to
        exercise such option (which prepayment shall be applied to the scheduled Installments of principal of the Term Loans in accordance with (b)), and (ii) retain any Refused Proceeds or use such Refused Proceeds for any other purpose permitted
        hereunder.

        

      

    (d)          Application of Prepayments of Term Loans to Base Rate Loans and Eurodollar Rate Loans.  Any prepayment of Term Loans shall be applied first to Base Rate Loans to the full extent thereof before
        application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by the Borrower pursuant to Section 2.15(c).

    

      

    
      50

      
        

    

    Section 2.13     General Provisions Regarding Payments.

    

      

    (a)          All payments by the Borrower of principal, interest,
        fees and other Obligations shall be made in Dollars in same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 3:00 p.m. (New York City
        time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have
        been paid by the Borrower on the next succeeding Business Day.

    

      

    (b)          All payments in respect of the principal amount of
        any Term Loan shall be accompanied by payment of any fees required to be paid in connection with such principal payment pursuant to Section 2.8 and payment of accrued interest on the principal amount being repaid or prepaid, and all such payments
        (and, in any event, any payments in respect of any Term Loan on a date when interest is due and payable with respect to such Term Loan) shall be applied to the payment of interest then due and payable before application to principal.

    

      

    (c)          The Administrative Agent (or its agent or sub-agent
        appointed by it) shall promptly distribute to each Lender at such address as such Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together with all
        other amounts due related thereto, including all fees payable with respect thereto, to the extent received by the Administrative Agent.

    

      

    (d)          Notwithstanding the foregoing provisions hereof, if
        any Conversion/Continuation Notice is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, the Administrative Agent shall give effect thereto in apportioning
        payments received thereafter.

    

      

    (e)          Whenever any payment to be made hereunder with
        respect to any Term Loan shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day.

    

      

    (f)          The Administrative Agent shall deem any payment by or
        on behalf of the Borrower hereunder that is not made in same day funds prior to 3:00 p.m. (New York City time) (unless a later time is otherwise specified herein with respect to such payment) to be a non-conforming payment.  Any such payment shall
        not be deemed to have been received by the Administrative Agent until the later of (i) the time such funds become available funds, and (ii) the applicable next Business Day.  The Administrative Agent shall give prompt telephonic notice to the
        Borrower and each applicable Lender (confirmed in writing) if any payment is non-conforming.  Any non-conforming payment may constitute or become a Default or Event of Default in accordance with the terms of Section 7.1(a).  Interest shall continue
        to accrue on any principal as to which a non-conforming payment is made until such funds become available funds (but in no event less than the period from the date of such payment to the next succeeding applicable Business Day) at the rate
        determined pursuant to Section 2.7, if applicable, from the date such amount was due and payable until the date such amount is paid in full.

    

      

    
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    Section 2.14     Ratable Sharing.  The Lenders hereby agree among themselves that if any of them shall, whether by voluntary payment (other than a voluntary prepayment of Term Loans made and applied in accordance with
        the terms hereof), through the exercise of any right of set off or banker’s lien, or by counterclaim or cross action or by the enforcement of any right under the Loan Documents or otherwise, or as adequate protection of a deposit treated as cash
        collateral under Debtor Relief Laws, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to such Lender hereunder or under the other Loan Documents (collectively,
        the “Aggregate Amounts Due” to such Lender) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such
        other Lender, then the Lender receiving such proportionately greater payment shall (a) notify the Administrative Agent and each other Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it
        shall be deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts
        Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them; provided, if all or part of such proportionately greater payment received
        by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of the Borrower or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be returned to such
        purchasing Lender ratably to the extent of such recovery, but without interest.  The Borrower expressly consents to the foregoing arrangement and agrees that any holder of a participation so purchased may exercise any and all rights of banker’s
        lien, consolidation, set off or counterclaim with respect to any and all monies owing by the Borrower to that holder with respect thereto as fully as if that holder were owed the amount of the participation held by that holder.  The provisions of
        this Section 2.14 shall not be construed to apply to (i) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement as in effect from time to time or (ii) any payment obtained by any Lender as
        consideration for the assignment or sale of a participation in any of its Term Loans or other Obligations owed to it.  For purposes of clause (C) of the definition of “Excluded

            Taxes”, a Lender that acquires a participation pursuant to this Section 2.14 shall be treated as having acquired such participation on the earlier date on which such Lender acquired the applicable interest in the Term Loan to which
        such participation relates.

    

      

    Section 2.15     Making or Maintaining Eurodollar Rate Loans.

    

      

    
      52

      
        

    

    (a)          Inability to Determine Applicable Interest Rate.  In the event that the Required Lenders shall have reasonably determined (which determination shall be final and conclusive and binding upon all parties
        hereto but shall be made only after consultation with the Borrower and the Administrative Agent) on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank
        market adequate and fair means do not exist for ascertaining the interest rate applicable to such Term Loans on the basis provided for in the definition of “Adjusted Eurodollar Rate,” the Administrative Agent shall on such date give notice (by
        telefacsimile or by telephone confirmed in writing) to the Borrower and each Lender of such determination, whereupon (i) no Term Loans may be made as, or converted to, Eurodollar Rate Loans until such time as the Administrative Agent notifies the
        Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by the Borrower with respect to the Term Loans in respect of which such determination was
        made shall be deemed to be rescinded by the Borrower.

    

      

    (b)          Illegality or Impracticability of Eurodollar Rate Loans.  In the event that on any date (i) any Lender shall have reasonably determined (which determination shall be final and conclusive and binding
        upon all parties hereto but shall be made only after consultation with the Borrower and the Administrative Agent) that the making, maintaining, converting to or continuation of its Eurodollar Rate Loans has become unlawful as a result of compliance
        by such Lender in good faith with any law, treaty, governmental rule, regulation, guideline or order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to
        comply therewith would not be unlawful), or (ii) the Administrative Agent is advised by the Required Lenders (which determination shall be final and conclusive and binding upon all parties hereto) that the making, maintaining, converting to or
        continuation of its Eurodollar Rate Loans has become impracticable, as a result of contingencies occurring after the date hereof which materially and adversely affect the London interbank market or the position of the Lenders in that market, then,
        and in any such event, such Lenders (or in the case of the preceding clause (i), such Lender) shall be an “Affected Lender” and such Affected Lender shall on that day give notice (by e-mail or by telephone confirmed in writing) to the Borrower and
        the Administrative Agent of such determination (which notice the Administrative Agent shall promptly transmit to each other Lender).  If the Administrative Agent receives a notice from (x) any Lender pursuant to clause (i) of the preceding sentence
        or (y) Lenders constituting Required Lenders pursuant to clause (ii) of the preceding sentence, then (A) the obligation of the Lenders (or, in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender) to make Term Loans
        as, or to convert Term Loans to, Eurodollar Rate Loans shall be suspended until such notice shall be withdrawn by each Affected Lender, (B) to the extent such determination by the Affected Lender relates to a Eurodollar Rate Loan then being
        requested by the Borrower pursuant to a Funding Notice or a Conversion/Continuation Notice, the Lenders (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender) shall make such Term Loan as (or continue such Term
        Loan as or convert such Term Loan to, as the case may be) a Base Rate Loan, (C) the Lenders’ (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender’s) obligations to maintain their respective outstanding
        Eurodollar Rate Loans (the “Affected Loans”) shall be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to
        the Affected Loans or when required by law, and (D) the Affected Loans shall automatically convert into Base Rate Loans on the date of such termination.  Notwithstanding the foregoing, to the extent a determination by an Affected Lender as
        described above relates to a Eurodollar Rate Loan then being requested by the Borrower pursuant to a Funding Notice or a Conversion/Continuation Notice, the Borrower shall have the option, subject to the provisions of clause (c), to rescind such
        Funding Notice or Conversion/Continuation Notice as to all Lenders by giving written or telephonic notice (promptly confirmed by delivery of written notice thereof) to the Administrative Agent of such rescission on the date on which the Affected
        Lender gives notice of its determination as described above (which notice of rescission the Administrative Agent shall promptly transmit to each other Lender).  Except as provided in the immediately preceding sentence, nothing in this Section
        2.15(a) shall affect the obligation of any Lender other than an Affected Lender to make or maintain Term Loans as, or to convert Term Loans to, Eurodollar Rate Loans in accordance with the terms hereof.

    

      

    
      53

      
        

    

    (c)          Compensation for Breakage or Non-Commencement of Interest Periods.  The Borrower shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for
        requesting such amounts in reasonable detail), for all reasonable losses, expenses and liabilities (including any interest paid or payable by such Lender to Lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss,
        expense or liability sustained by such Lender in connection with the liquidation or re-employment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a
        borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor
        in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an
        Interest Period applicable to that Term Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by the Borrower.

    

      

    (d)          Booking of Eurodollar Rate Loans.  Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender.

    

      

    (e)          Assumptions Concerning Funding of Eurodollar Rate Loans.  Calculation of all amounts payable to a Lender under this Section 2.15 and under Section 2.16 shall be made as though such Lender had actually
        funded each of its relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of “Adjusted Eurodollar Rate” in an amount equal to the amount of such
        Eurodollar Rate Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such Eurodollar deposit from an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided, however, each Lender may fund each of its Eurodollar Rate Loans in
        any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.15 and under Section 2.16.

    

      

    (f)          LIBO Successor Rate.  If at any time (i) the Administrative Agent determines in good faith (which determination shall be conclusive absent manifest error) or (ii) the Borrower or Required Lenders
        notify the Administrative Agent in writing (with, in the case of the Required Lenders, a copy to Borrower) that the Borrower or Required Lenders (as applicable) have determined in good faith that a LIBOR Discontinuance Event has occurred, then, at
        or promptly after the LIBOR Discontinuance Event Time, the Administrative Agent and Borrower shall endeavor to establish an alternate benchmark rate to replace the Adjusted Eurodollar Rate under this Agreement, together with any spread or
        adjustment to be applied to such alternate benchmark rate to account for the effects of transition from LIBOR to such alternate benchmark rate, giving due consideration to the then prevailing market convention for determining a rate of interest
        (including the application of a spread and the making of other appropriate adjustments to such alternate benchmark rate and this Agreement to account for the effects of transition from LIBOR to such replacement benchmark, including any changes
        necessary to reflect the available interest periods and timing for determining such alternate benchmark rate) for syndicated leveraged loans of this type in the United States at such time and any recommendations (if any) therefor by a Relevant
        Governmental Sponsor, provided that any such alternate benchmark rate and adjustments shall be required to be commercially practicable for the Administrative
        Agent to administer (as determined by the Administrative Agent in its sole discretion) (any such rate, the “Successor LIBOR Rate”).

    

      

    
      54

      
        

    

    After such determination that a LIBOR Discontinuance Event has occurred, promptly following the LIBOR Discontinuance Event
        Time, the Administrative Agent and the Borrower shall enter into an amendment to this Agreement to reflect such Successor LIBOR Rate and such other related changes to this Agreement as may be necessary or appropriate, as the Administrative Agent
        and the Borrower may determine in good faith, to implement and give effect to the Successor LIBOR Rate under this Agreement on the LIBOR Replacement Date and, notwithstanding anything to the contrary in Section 9.1, such amendment shall become
        effective without any further action or consent of any other party to this Agreement on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders unless, prior to such time, Lenders comprising
        the Required Lenders have delivered to the Administrative Agent written notice that such Required  Lenders do not accept such amendment; provided, that if a
        Successor LIBOR Rate has not been established pursuant to the foregoing, at the option of the Borrower, the Borrower and the Required Lenders may select a different Successor LIBOR Rate that is commercially practicable for the Administrative Agent
        to administer (as determined by the Administrative Agent in its sole discretion) and, upon not less than 15 Business Days’ prior written notice to the Administrative Agent, the Administrative Agent, such Required Lenders and the Borrower shall
        enter into an amendment to this Agreement to reflect such Successor LIBOR Rate and such other related changes to this Agreement as may be applicable and, notwithstanding anything to the contrary in Section 9.1, such amendment shall become effective
        without any further action or consent of any other party to this Agreement; provided, further,
        that if no Successor LIBOR Rate has been determined pursuant to the foregoing and a Scheduled Unavailability Date (as defined in the definition of LIBOR Discontinuance Event) has occurred, the Administrative Agent will promptly so notify the
        Borrower and each Lender and thereafter, until such Successor LIBOR Rate has been determined pursuant to this paragraph, any request for borrowing, the conversion of any borrowing to, or continuation of any borrowing as, a Eurodollar Rate Loan
        shall be ineffective. Notwithstanding anything else herein, any definition of Successor LIBOR Rate shall provide that in no event shall such Successor LIBOR Rate be less than zero for purposes of this Agreement.1

    

        

    Section 2.16     Increased Costs; Capital Requirements.

    

      

    
      

    

        

    1 CHANGES IN THIS SECTION
        REMAIN SUBJECT TO MS INTERNAL REVIEW AND APPROVAL.

    

      

    
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          (a)          Increased Costs.  If any Change in Law shall:

        

        

            

        (i)        impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated
            in by, any Lender (except any reserve requirement reflected in the Adjusted Eurodollar Rate);

        

          

      

    

    
      
        (ii)         subject any Recipient to any Taxes (other than (a) Indemnified Taxes, (b) Taxes described in clauses (B) through (D) of the definition of “Excluded Taxes” and (c) Connection Income Taxes) on its loans, loan
            principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

        

          

      

    

    
      
        (iii)       impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Term Loans made by such Lender or participation therein;

        

          

      

    

    and the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing
        or maintaining any Term Loan or of maintaining its obligation to make any such Term Loan, or to reduce the amount of any sum received or receivable by such Lender or other Recipient hereunder (whether of principal, interest or any other amount)
        then, upon request of such Lender or other Recipient, the Borrower will pay to such Lender or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender or other Recipient, as the case may be, for such
        additional costs incurred or reduction suffered.

    

      

    (b)          Capital Requirements.  If any Lender determines that any Change in Law affecting such Lender or any lending office of such Lender or such Lender’s holding company, if any, regarding capital or
        liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Term
        Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company
        with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered.

    

      

    (c)          Certificates for Reimbursement.  A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in paragraph
        (a) or (b) of this Section and delivered to the Borrower, shall be conclusive absent manifest error.  The Borrower shall pay such Lender the amount shown as due on any such certificate within 30 days after receipt thereof.

    

      

    
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    (d)          Delay in Requests.  Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such
        Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions, and of such Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions
        is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

    

      

    Section 2.17      Taxes.

    

      

    (a)          All payments made by or on behalf of any Loan Party
        to a Recipient under any Loan Document shall be made free and clear of, and without deduction or withholding for or on account of, any Taxes (except as required by applicable Law). If applicable Law (as determined in the good faith discretion of
        any applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the
        full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after such deduction or
        withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding
        been made.

    

      

    (b)          Without duplication of Section 2.17(a), the Loan
        Parties shall pay to the relevant Governmental Authority in accordance with applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

    

      

    (c)          Whenever any Indemnified Taxes are payable or
        remittable by a Loan Party, as soon as practicable thereafter the Loan Party shall send to the applicable Recipient the original or a certified copy of an original official receipt received by the Loan Party or other reasonably satisfactory
        evidence showing payment thereof.

    

      

    (d)          Without duplication of Section 2.17(a), the Loan
        Parties shall indemnify each Recipient for the full amount of Indemnified Taxes (including any Indemnified Taxes imposed on amounts payable under this Section 2.17) payable by such Recipient, and any liability (including penalties, additions to
        Tax, interest and any reasonable expenses) arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally asserted by the relevant Governmental Authority.  Such indemnification shall be made within 10
        Business Days after the date the Recipient makes written demand therefor (which demand shall set forth in reasonable detail the nature and amount of Indemnified Taxes for which indemnification is being sought).  A certificate as to the amount of
        such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by any Arranger or the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

    

      

    
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    (e)          If any Recipient determines, in its reasonable
        discretion, that it has received a refund of any Taxes as to which it has been indemnified by a Loan Party or with respect to which a Loan Party has paid additional amounts pursuant to this Section 2.17, it shall pay such Loan Party an amount equal
        to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Party under this Section 2.17 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of
        such Recipient and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Loan
        Party, upon the request of such Recipient, agrees to repay the amount paid over to the Loan Party (plus interest attributable to the period during which the Loan Party held such funds and any penalties, additions to Tax, interest or other charges
        imposed by the relevant Governmental Authority) to such Recipient in the event such Recipient is required to repay such refund to such Governmental Authority.  This Section 2.17(c) shall not be construed to require any Recipient to make available
        its tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

    

      

    (f)          Without limiting the generality of Section 2.17(g),
        each Lender, to the extent such Lender is not a “U.S. person” (as such term is defined in Section 7701(a)(30) of the Code) shall deliver to the Withholding Agent on or prior to the date on which such Lender becomes a Lender under this Agreement
        (and from time to time thereafter upon the reasonable request of the Withholding Agent), whichever of the following is applicable, in each case to the extent such Lender is legally entitled to do so:

    

      

    
      
        (i)           two executed copies of IRS Form W-8BEN or W-8BEN-E (or any successor form) claiming eligibility for benefits of an income tax treaty to which the United States is a party and which provides for an exemption from
            or reduction in United States federal withholding Tax,

        

          

      

    

    
      
        (ii)          two executed copies of IRS Form W-8ECI (or any successor form),

        

          

      

    

    
      
        (iii)        in the case of a Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (A) a certificate in substantially the form of Exhibit E-1, to the effect that such Lender is not (1) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower within the meaning of section
            881(c)(3)(B) of the Code, (3) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code, and (4) was not engaged in a conduct of a trade or business within the United States to which the interest payment is effectively
            connected, and (B) two executed copies of IRS Form W-8BEN or W-8BEN-E (or any successor form);

        

          

      

    

    
      
        (iv)       to the extent a Lender is not the beneficial owner (for example, where the Lender is a partnership or a participating Lender granting a participation), a complete and executed IRS Form W-8IMY, accompanied by a
            Form W-8ECI, W-8BEN or W-8BEN-E, a certificate in substantially the form of Exhibit E-3 or E-4, as applicable,
            IRS Form W-9, and/or other certification documents from each beneficial owner (or any successor forms), as applicable; provided that, if the Lender is a partnership (and not a participating Lender)
            and one or more partners of such Lender are claiming the portfolio interest exemption, such Lender shall provide a certificate, in substantially the form of Exhibit
                E-2, as applicable, on behalf of such beneficial owner(s) in lieu of requiring each beneficial owner to provide its own certificate; or

        

          

        
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        (v)        any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in United States federal withholding Tax on payments under this Agreement and the other Loan Documents executed
            together with such supplementary documentation as may be prescribed by applicable Law to permit the Withholding Agent to determine the withholding or deduction required to be made; provided, that
            the completion, execution or submission of such documentation required under this Section 2.17(f)(v) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material
            unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

      

    

    

      

    To the extent a Lender is a “U.S. person” (as defined in Section 7701(a)(30) of the Code), such Lender shall deliver to the
        Withholding Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Withholding Agent) two executed copies of IRS Form W-9 certifying that such
        Lender is exempt from U.S. federal backup withholding Tax.

    

      

    (g)          Upon the reasonable request of the Withholding Agent,
        a Lender that is entitled to an exemption from or reduction of any applicable withholding Tax with respect to any payments under this Agreement or any Loan Document shall deliver to the Withholding Agent such properly completed and executed
        documentation prescribed by applicable Law or reasonably requested by the Withholding Agent (in such number of copies as shall be reasonably requested by the Withholding Agent) as will permit such payments to be made without withholding or at a
        reduced rate prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Withholding Agent); provided that the completion, execution or submission of such documentation required under this Section 2.17(g) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would
        subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

    

      

    (h)          If a payment made to  any Recipient under any Loan
        Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Recipient were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
        applicable), such Recipient shall deliver to the Withholding Agent at the time or times prescribed by law and at such time or times reasonably requested by the Withholding Agent such documentation prescribed by applicable Law (including as
        prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Withholding Agent as may be necessary for the Withholding Agent to comply with their obligations under FATCA, to determine whether
        such Recipient has complied with its obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment.  Solely for the purpose of this Section 2.17(h), “FATCA” shall include any amendments made to FATCA after the
        date of this Agreement.

    

      

    
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    (i)          Each Lender shall deliver the forms and other
        documentation required to be provided under this Section 2.17: (i) on or before the date it becomes a party to this Agreement, (ii) promptly upon the obsolescence, expiration, inaccuracy, or invalidity of any form previously delivered by such
        Lender, and (iii) at such other times as may be reasonably requested by the Withholding Agent or as required by Law.  Each Lender shall promptly notify the Withholding  Agent at any time it determines that it is no longer in a position to provide
        any documentation previously delivered to the Withholding Agent.  Notwithstanding any other provision of this Section 2.17, a Lender shall not be required to deliver any documentation pursuant to Section 2.17(f)(v) or Section 2.17(g) if in the
        Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

    

      

    (j)          If the Administrative Agent is a “United States
        person” within the meaning of Section 7701(a)(30) of the Code, then it shall, on or prior to the date on which it becomes the Administrative Agent, provide the Borrower with a properly completed and duly executed copy of IRS Form W-9 confirming
        that the Administrative Agent is exempt from U.S. federal back-up withholding.  If the Administrative Agent is not a “United States person” within the meaning of Section 7701(a)(30) of the Code, then it shall, on or prior to the date on which it
        becomes the Administrative Agent, provide the Borrower with, (i) with respect to payments made to the Administrative Agent for its own account, a properly completed and duly executed IRS Form W-8ECI (or other applicable IRS Form W-8), and (ii) with
        respect to payments made to the Administrative Agent on behalf of the Lenders, a properly completed and duly executed IRS Form W-8IMY confirming that the Administrative Agent agrees to be treated as a “United States person” for U.S. federal
        withholding Tax purposes. On or prior to the date on which it becomes an Arranger, each Arranger shall provide the Borrower with a properly completed and duly executed copy of IRS Form W-9 confirming that such Arranger is exempt from U.S. federal
        back-up withholding. The Administrative Agent and such Arranger shall, (A) promptly upon the obsolescence, expiration, inaccuracy or invalidity of any form previously delivered by the Administrative Agent or such Arranger under this clause (j), and
        (B) at such other times as may be reasonably requested by the Borrower or as required by Law, deliver promptly to the Borrower an updated form or other appropriate documentation (in such number of copies as shall be reasonably requested by the
        Borrower) or promptly notify the Borrower in writing of its legal ineligibility to do so.

    

      

    (k)          The agreements in this Section 2.17 shall survive the
        resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations.

    

      

    
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    Section 2.18     Obligation to Mitigate.  Each Lender agrees that, as promptly as practicable after the officer of such Lender responsible for administering its Term Loans becomes aware of the occurrence of an event or
        the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.15, 2.16 or 2.17, it will, to the extent not inconsistent with the internal policies of
        such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Term Loans, including any Affected Loans, through another office of such Lender, or (b) take such other measures as
        such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to
        Section 2.15, 2.16 or 2.17 would be reduced and if, as determined by such Lender in its sole discretion, the making, funding or maintaining of such Term Loans through such other office or in accordance with such other measures, as the case may be,
        would not otherwise adversely affect such Term Loans or the interests of such Lender; provided, such Lender will not be obligated to utilize such other office
        or take such other measures pursuant to this Section 2.18 unless the Borrower agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other office or taking such other measures as described above.  A certificate
        as to the amount of any such expenses payable by the Borrower pursuant to this Section 2.18 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to the Borrower (with a copy to the Administrative Agent)
        shall be conclusive absent manifest error.  The Borrower shall pay such Lender the amount shown as due on any such certificate within 45 days after receipt thereof.

     

      

    Section 2.19          Removal or Replacement of a Lender.  Anything contained herein to the contrary notwithstanding, in the event that: (a)(i) any Lender (an “Increased Cost Lender”) shall give notice to the Borrower that such Lender is an Affected Lender or that such Lender is entitled to receive payments under Section 2.15, 2.16 or 2.17, (ii) the circumstances which
        have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to withdraw such notice within five Business Days after the Borrower’s request for such
        withdrawal; or (b) in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 9.1, the consent of Required Lenders shall have been obtained but the
        consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is required shall not have been obtained; then, with respect to each
        such Increased Cost Lender or Non-Consenting Lender (the “Terminated Lender”), the Borrower may, by giving written notice to the Administrative Agent and any
        Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its outstanding Term Loans in full to one or more Persons permitted to become Lenders hereunder
        pursuant to and in accordance with the provisions of Section 9.6 (each a “Replacement Lender”) and the Borrower shall pay the fees, if any, payable thereunder in
        connection with any such assignment from an Increased Cost Lender or a Non-Consenting Lender; provided that, (A) on the date of such assignment, such Terminated
        Lender shall have received payment from the Replacement Lender or the Borrower in an amount equal to the sum of (1) the principal of, and all accrued interest on, all outstanding Term Loans of the Terminated Lender, (2) all unreimbursed drawings
        that have been funded by such Terminated Lender, together with all then unpaid interest with respect thereto at such time and (3) all accrued, but theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.8; (B) in the case of
        any such assignment resulting from a claim for compensation under Section 2.15(c), 2.16 or 2.17, such assignment will result in a material reduction in such compensation and on the date of such assignment, the Borrower shall pay any amounts payable
        to such Terminated Lender pursuant to Section 2.15, 2.16 or 2.17; or otherwise as if it were a prepayment and (C) in the event such Terminated Lender is a Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment,
        to each matter in respect of which such Terminated Lender was a Non-Consenting Lender.  Upon the prepayment of all amounts owing to any Terminated Lender, such Terminated Lender shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender to indemnification hereunder shall survive as to such Terminated Lender.  Each Lender agrees that if the Borrower
        exercises its option hereunder to cause an assignment by such Lender as a Non-Consenting Lender or Terminated Lender, such Lender shall, promptly after receipt of written notice of such election, execute and deliver all documentation necessary to
        effectuate such assignment in accordance with Section 9.6; provided that each party hereto agrees that an assignment required pursuant to this Section 2.19 may
        be effected pursuant to an Assignment and Acceptance executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment need not be a party thereto, and each Lender hereby authorizes and directs
        the Administrative Agent to execute and deliver such documentation as may be required to give effect to an assignment in accordance with Section 9.6 on behalf of a Non-Consenting Lender or Terminated Lender and any such documentation so executed by
        the Administrative Agent shall be effective for purposes of documenting an assignment pursuant to Section 9.6. 

    

      

    
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    Section 2.20     Maturity Extension Option.  The Borrower may, pursuant to the provisions of this Section 2.20, in its sole discretion (a) extend the maturity date of the Term Loan Facility to the First Extended
        Maturity Date (the “First Maturity Extension Option”), by giving irrevocable written notice (a “Maturity Extension Notice”) to the Administrative Agent of the exercise of such Maturity Extension Option at least five Business Days and not more than 20 Business Days prior to the Original Maturity Date and (b) extend the
        maturity date of the Term Loan Facility to the Second Extended Maturity Date (the “Second Maturity Extension Option” and, together with the First Maturity
        Extension Option, the “Maturity Extension Options”) by giving a Maturity Extension Notice to the Administrative Agent of the exercise of such Maturity Extension
        Option at least five Business Days and not more than 20 Business Days prior to the First Extended Maturity Date. No Maturity Extension Option shall become effective unless (i) on the date of the applicable extension, no Default or Event of Default
        is continuing and (ii) on or prior to the date of the applicable extension, the Borrower has paid to the Administrative Agent, for the account of each Lender party to this Agreement as a Lender on such date, an extension fee in cash in an amount
        equal to 1.00% of the principal amount of such Lender’s Term Loans outstanding on such date that are being extended.

    

      

    SECTION 3.     REPRESENTATIONS AND WARRANTIES

    

      

    To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Term Loans, Holdings, the
        Borrower and the other Loan Parties hereby jointly and severally represent and warrant to the Administrative Agent and each Lender that:

    

      

    
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    Section 3.1       Financial Condition.  The audited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at December 31, 2017, and the audited consolidated statements of operations and
        comprehensive loss and cash flows of Holdings and its consolidated Subsidiaries for the fiscal period then ended, copies of which have been heretofore furnished to the Administrative Agent for delivery to each Lender, present fairly in all material
        respects the consolidated financial condition of Holdings and its consolidated Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the fiscal period then ended.  The unaudited
        consolidated balance sheet of Holdings and its consolidated Subsidiaries as at March 31, 2018, June 30, 2018, and September 30, 2018, and the unaudited consolidated statements of operations and comprehensive loss and cash flows of Holdings and its
        consolidated Subsidiaries for the fiscal periods then ended, copies of which have heretofore been furnished to the Administrative Agent for delivery to each Lender, present fairly in all material respects the consolidated financial condition of
        Holdings and its consolidated Subsidiaries as at such dates, and the consolidated results of its operations and its consolidated cash flows for the fiscal periods then ended.  Such financial statements, including the related schedules and notes
        thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by the aforementioned firm of accountants and disclosed therein).

    

      

    Section 3.2       No Change.  Since December 31, 2017, there has been no development or event that has had or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

    

      

    Section 3.3       Existence; Compliance with Law.  Each NFE Group Member (a) is duly organized or formed, validly existing and in good standing (if applicable) under the laws of the jurisdiction of its organization or
        formation, (b) has the organizational power and authority, and all requisite Permits from Governmental Authorities, to own and operate its Property, to lease the Property it leases as lessee and to conduct the business in which it is currently
        engaged, (c) is duly qualified as a foreign corporation or other organization and in good standing under the laws of each jurisdiction (if applicable) where its ownership, lease or operation of Property or the conduct of its business requires such
        qualification and (d) is in compliance with all Requirements of Law, except, in the case of clause (a) with respect to any NFE Group Member other than the Loan Parties and in the cases of clauses (b), (c) and (d) above, to the extent that failure
        of the same could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

    

      

    Section 3.4       Power; Authorization; Enforceable Obligations.  Each Loan Party has the requisite corporate or other organizational power and authority to make, deliver and perform the Loan Documents to which it is a
        party.  Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party.  No material consent or authorization of, filing with,
        notice to or other act by or in respect of, any Governmental Authority is required in connection with the borrowings hereunder, the granting of Liens pursuant to the Security Documents or the execution, delivery or performance of this Agreement or
        any of the other Loan Documents, except (a) those consents, authorizations, filings and notices that have been obtained or made and are in full force and effect and (b) the filings or other actions referred to in Section 3.19.  Each Loan Document
        has been duly executed and delivered on behalf of each Loan Party that is a party thereto and constitutes a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with
        its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is
        sought by proceedings in equity or at law).

    

      

    
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    Section 3.5       No Legal Bar.  The execution, delivery and performance of this Agreement and the other Loan Documents, the borrowings hereunder and the use of the proceeds thereof will not contravene, violate or
        result in a breach of or default under any Requirement of Law or any Contractual Obligation of any NFE Group Member, other than any violation that could not reasonably be expected to have, individually or in the aggregate, a Material Adverse
        Effect, and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security
        Documents).

    

      

    Section 3.6       No Material Litigation.  No litigation, action, suit, claim, dispute, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of Holdings or
        the Borrower, threatened by or against Holdings, the Borrower or any of their respective Subsidiaries or against any of their respective properties or revenues (i) that could reasonably be expected to have, individually or in the aggregate, a
        Material Adverse Effect or (ii) purport to affect or pertain to any of the Loan Documents or any of the transactions contemplated hereby or thereby.

    

      

    Section 3.7       No Default.  No Default or Event of Default has occurred and is continuing.  No NFE Group Member is in default under or with respect to, or a party to, any Contractual Obligation that could reasonably
        be expected to have, individually or in the aggregate, a Material Adverse Effect.

    

      

    Section 3.8       Ownership of Property; Liens.  Each of the NFE Group Members has title in fee simple or good and valid title, as the case may be, to, or a valid leasehold interest in, or easements or other limited
        property interests in, all its real or immoveable property necessary in the ordinary conduct of its business, and good title to, or a valid leasehold interest in, or valid license of or other right to use, all its other Property necessary for the
        conduct of its business as currently conducted, in each case except where the failure to have such title, interest, license or right could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and none of
        such Property is subject to any Lien except as permitted by Section 6.2.

    

      

    Section 3.9       Intellectual Property.  Each of the NFE Group Members owns, or is licensed or otherwise has the right to use, all Intellectual Property necessary for the conduct of its business as currently conducted
        except to the extent such failure could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  No claim has been asserted and is pending by any Person challenging or questioning the use of any Intellectual
        Property or the validity or effectiveness of any Intellectual Property, nor does Holdings or the Borrower know of any valid basis for any such claim, except to the extent that any such claim could not reasonably be expected to have, individually or
        in the aggregate, a Material Adverse Effect.  To the knowledge of Holdings and the Borrower, the use of Intellectual Property by the NFE Group Members does not infringe on the Intellectual Property rights of any Person, except for such
        infringements which could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

    

      

    
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    Section 3.10      Taxes.  Each of the NFE Group Members has filed or caused to be filed all tax returns that are required to be filed and has paid all Taxes due and payable by it (including in its capacity as a
        withholding agent) other than (a) any amount the validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the relevant NFE
        Group Member or (b) where the failure to make such filing, payment, deduction, withholding, collection or remittance could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; and no Lien for Tax has been
        filed, and, to the knowledge of Holdings and the Borrower, no claim is being asserted, with respect to any such Tax, fee or other charge except, in each case, as could not reasonably be expected, individually or in the aggregate, to result in a
        Material Adverse Effect.

    

      

    Section 3.11      Federal Regulations.  No part of the proceeds of any Term Loans, and no other extensions of credit hereunder, will be used for any purpose that violates the provisions of Regulations T, U or X.

    

      

    Section 3.12     Labor Matters.  There are no strikes or other labor disputes against any NFE Group Member pending or, to the knowledge of Holdings or the Borrower, threatened that could reasonably be expected to have,
        individually or in the aggregate, a Material Adverse Effect.  All payments due from the NFE Group Members on account of employee health and welfare insurance that could reasonably be expected to have, individually or in the aggregate, a Material
        Adverse Effect if not paid have been paid or accrued as a liability on the books of the relevant NFE Group Member.

    

      

    Section 3.13     ERISA.  As of the date hereof, there are no Pension Plans or Multiemployer Plans.  None of the Borrower or any Commonly Controlled Entity has had a complete or partial withdrawal from any Multiemployer
        Plan that has resulted or could reasonably be expected to result in a liability under ERISA, except as could not reasonably be expected to have a Material Adverse Effect.

    

      

    Section 3.14     Investment Company Act.  No Loan Party is an “investment company,” or a company “controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940.

    

      

    Section 3.15      Subsidiaries.

    

      

    (a)          The Subsidiaries listed on Schedule 3.15 constitute all the Subsidiaries of Holdings and the Borrower as of the Restatement
        Effective Date.  Schedule 3.15 sets forth as of the Restatement
        Effective Date the name and jurisdiction of incorporation or organization of each such Subsidiary and, as to each such Subsidiary, the percentage of each class of Capital Stock thereof owned by the applicable NFE Group Member.

    

      

    
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    (b)          As of the Restatement Effective Date, there are no
        outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments granted to any Person other than Holdings, the Borrower or any Subsidiary of the Borrower (other than Management Equity and directors’ qualifying shares
        or other similar shares required pursuant to applicable Law) of any nature relating to any Capital Stock of Holdings or the Borrower or any Capital Stock of any Subsidiary of the Borrower owned directly or indirectly by the Borrower; provided that, with respect to any non-Wholly Owned Subsidiary, its Capital Stock may be subject to customary rights of first refusal, tag-along, drag-along and
        other similar rights.

    

      

    Section 3.16     Use of Proceeds.  The proceeds of the Term Loans shall be used for the purposes set forth in Section 2.3.

    

      

    Section 3.17     Environmental Matters.  Other than exceptions to any of the following that could not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect:

    

      

    (a)          The Borrower and its Subsidiaries and each of their
        respective facilities:  (i) are in compliance with all applicable Environmental Laws; (ii) hold all Environmental Permits (each of which is in full force and effect) required for any of their current operations or for any property owned, leased, or
        otherwise operated by any of them; (iii) are in compliance with all of their Environmental Permits; (iv) have taken reasonable steps to ensure each of their Environmental Permits will be timely maintained, renewed and complied with; and (v) have no
        knowledge of any facts or circumstances upon which any such Environmental Permits could reasonably be expected to be adversely amended or revoked.

        

      

    (b)          Hazardous Materials are not present at, on, under,
        in, or emanating from any property now or, to the knowledge of the Borrower, formerly owned, leased or operated by the Borrower or any of its Subsidiaries, or, to the knowledge of the Borrower, at any other location (including, without limitation,
        any location to which Hazardous Materials have been sent for reuse or recycling or for treatment, storage, or disposal) which could reasonably be expected to (i) give rise to liability of the Borrower or any of its Subsidiaries under any applicable
        Environmental Law or otherwise result in costs to the Borrower or any of its Subsidiaries to comply with any Environmental Law, or (ii) interfere with the Borrower’s or any of its Subsidiaries’ continued operations.

    

      

    (c)          There is no judicial, administrative, or arbitral
        proceeding (including any notice of violation or alleged violation) under or pursuant to any Environmental Law to which the Borrower or any of its Subsidiaries is, or to the knowledge of the Borrower or any of its Subsidiaries will be, named as a
        party that is pending or, to the knowledge of the Borrower or any of its Subsidiaries, threatened. To the knowledge of the Borrower or any of its Subsidiaries, there are no facts or circumstances that could reasonably be expected to give rise to
        any such proceeding.

    

      

    (d)          None of the Borrower or any of its Subsidiaries has
        received any written request for information, or been notified that it is a potentially responsible party or subject to liability under or relating to the federal Comprehensive Environmental Response, Compensation, and Liability Act of 1980 or any
        other Environmental Law, or with respect to any Hazardous Materials, excluding any such matters that have been fully resolved with no further obligation or liability on the part of the Borrower or any of its Subsidiaries.

    

      

    
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    (e)          None of the Borrower or any of its Subsidiaries has
        entered into or agreed to any consent decree, order, or settlement or other agreement, or is subject to any judgment, decree, or order or other agreement, in any judicial, administrative, arbitral or other form of dispute resolution, relating to
        compliance with or liability under any Environmental Law, excluding any such matters that have been fully resolved with no further obligation or possible liability on the part of the Borrower or any of its Subsidiaries.

    

      

    Section 3.18     Accuracy of Information, Etc.  No statement or information contained in this Agreement, any other Loan Document, or any other document, certificate or written statement furnished to the Administrative
        Agent or the Lenders or any of them, by or on behalf of any Loan Party for use in connection with the transactions contemplated by this Agreement or the other Loan Documents, when taken as a whole, contained as of the date such statement,
        information, document or certificate was so furnished (as modified or supplemented by other information so furnished), any untrue statement of a material fact or omitted to state a material fact necessary to make the statements contained herein or
        therein, in light of the circumstances under which they were made, not materially misleading.  The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions
        believed by management of the Borrower to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or
        periods covered by such financial information may differ from the projected results set forth therein by a material amount.  The Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other
        restrictions to which it or any of the other NFE Group Members is subject, and all other matters known to it, that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  As of the Restatement Effective
        Date, the information included in the Beneficial Ownership Certification is true and correct in all material respects.

    

      

    Section 3.19     Security Documents.  (a) Each of the Security Documents (other than the Mortgages) is effective to create in favor of the Administrative Agent for the benefit of the Secured Parties, a legal, valid and
        enforceable security interest in the Collateral described therein and proceeds thereof.  In the case of (i) any Pledged Equity as described in the Security Documents which is in certificated form, when any stock, membership or partnership unit
        certificates representing such Pledged Equity are delivered to, and in the possession of, the Administrative Agent, (ii) [Reserved], and (iii) the other Collateral described in the Security Documents, when financing statements in appropriate form
        are filed in the offices specified on Schedule 3.19, the security
        interest created in favor of the Administrative Agent for the benefit of the Secured Parties in such Pledged Equity and other Collateral shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan
        Parties in such Pledged Equity and other Collateral and the proceeds thereof, in which a security interest may be perfected by delivery to the Administrative Agent of such Pledged Equity or by filing a financing statement in the United States, as
        security for the Obligations, in each case prior and superior in right to any other Person (other than Persons holding Liens or other encumbrances or rights that are permitted by this Agreement to be incurred pursuant to Section 6.2).

    

      

    
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    (b)          When executed and delivered, each of the Mortgages is
        effective to create in favor of the Administrative Agent for the benefit of the Secured Parties, a legal, valid and enforceable Lien on the Mortgaged Properties described therein and proceeds thereof; and when the Mortgages are filed or published
        (or registered upon the relevant office of certificates of title in the case of Mortgaged Properties situated in Jamaica) in the offices specified on Schedule 3.19 (in the case of the Mortgages to be executed and delivered on the date hereof or
        pursuant to Section 5.12) or in the title or recording office of the applicable jurisdiction in which the subject real property is located (in the case of any Mortgage to be executed and delivered pursuant to Section 5.10(a)), each Mortgage shall
        constitute a fully perfected (and in the case of the Mortgaged Properties located in Jamaica, legally registered) Lien on, and security interest in, all right, title and interest of the applicable party to the Mortgage in the Mortgaged Properties
        described therein and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person (other than Persons holding Liens or other encumbrances or rights
        permitted by this Agreement to be incurred pursuant to Section 6.3).

    

      

    Section 3.20     Solvency.  As of the Restatement Effective Date, after giving effect to the Transactions, and as of each other Credit Date, after giving effect to any borrowing of Term Loans and the use of the
        proceeds thereof on such Credit Date, the NFE Group Members, on a consolidated basis, are Solvent.

    

      

    Section 3.21     Non-Guarantor Subsidiaries.  Each Excluded Subsidiary as of the Restatement Effective Date is set forth on Schedule 3.21.

    

      

    Section 3.22     Anti-Money Laundering and Anti-Corruption Laws; Sanctions.

    

      

    (a)          To the extent applicable, each NFE Group Member is in
        compliance and the operations of each NFE Group Member are and have been conducted at all time in compliance, in all material respects, with all applicable financial recordkeeping and reporting requirements, including those of (i) the Trading with
        the Enemy Act and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V) and any other enabling legislation or executive order relating thereto and Sanctions, (ii) the PATRIOT Act
        and (iii) the applicable anti-money laundering statutes of jurisdictions where such NFE Group Member conducts business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or
        enforced by any Governmental Authority in such jurisdictions (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any
        Governmental Authority in such jurisdictions involving any NFE Group Member with respect to the Anti-Money Laundering Laws or Sanctions is pending or, to the best knowledge of the Loan Parties party hereto, threatened.

    

      

    
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    (b)          No part of the proceeds of the Term Loans will be
        used, directly or, to the knowledge of any NFE Group Member, indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official
        capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977 (the “FCPA”),

        or otherwise in furtherance of an offer, payment, promise to pay or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable anti-corruption laws.  No NFE Group Member or any director
        or officer thereof, nor, to the knowledge of any NFE Group Member, any employee, agent, Affiliate or representative thereof, has taken or will take any action in furtherance of an offer, payment, promise to pay or authorization or approval of the
        payment, giving or receipt of money, property, gifts or anything else of value, directly or, to the knowledge of any NFE Group Member, indirectly, to any government official (including any officer or employee of a government or government-owned or
        controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for public office) in order to influence
        official action, or to any Person in violation of the FCPA or any applicable anti-corruption laws in jurisdictions where an NFE Group Member conducts business.  The NFE Group Members have conducted their businesses in compliance in all material
        respects with the FCPA and applicable anti-corruption laws in jurisdictions where an NFE Group Member conducts business and have instituted and maintained and will continue to maintain policies and procedures reasonably designed to promote and
        achieve compliance with such laws and with the representations and warranties contained herein.

    

      

    (c)          No NFE Group Member or any director or officer
        thereof, nor, to the knowledge of any NFE Group Member, any employee, agent, Affiliate or representative of any NFE Group Member, is a Person that is, or is owned or controlled by one or more Persons that are, (i) on the list of “Specially
        Designated Nationals and Blocked Persons” or (ii) subject to any sanctions administered or enforced by the Office of Foreign Assets Control of the U.S. Treasury Department, the United Nations Security Council, the European Union, Her Majesty’s
        Treasury or other relevant sanctions authority (collectively, “Sanctions”) or (iii) located, organized or resident in a country or territory that is the subject
        of Sanctions (including, without limitation, Crimea, Cuba, Iran, North Korea and Syria); and the Borrower will not directly or, to the knowledge of any NFE Group Member, indirectly use the proceeds of the Term Loans or lend, contribute or otherwise
        make available such proceeds to any Person (A) to fund or facilitate any activities or business of or with any Person or in any country or territory that, at the time of such funding or facilitation, is the subject of Sanctions or (B) in any other
        manner that will result in a violation of Sanctions by any Person.

    

      

    Section 3.23     Regulation H.  No Mortgage encumbers improved real property which is located in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood
        hazards and in which flood insurance has been made available under the Flood Laws (except any real property that is the subject of such Mortgage as to which such flood insurance as required by Regulation H has been obtained and is in full force and
        effect as required by this Agreement).

    

      

    
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    Section 3.24     Insurance.  Subject to Section 5.12, the properties of the Borrower and the other NFE Group Members are insured with financially sound and reputable insurance companies that are not Affiliates of the
        Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable NFE Group Member
        operates.

    

      

    Section 3.25     Gas Contracts.  Each Gas Contract (with respect to the PREPA Fuel Sale Agreement, after such Gas Contract has been executed and delivered by the parties thereto) has been duly executed and delivered on
        behalf of the applicable Loan Party (and, to the knowledge of the Borrower, JPS, JAMALCO or PREPA, as applicable) and constitutes a legal, valid and binding obligation of such applicable Loan Party (and, to the knowledge of the Borrower, JPS,
        JAMALCO or PREPA, as applicable), enforceable against such applicable Loan Party (and, to the knowledge of the Borrower, JPS, JAMALCO or PREPA, as applicable) in accordance with its terms, except as enforceability may be limited by applicable
        bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).  Except as set forth
        on Schedule 3.25 (and with respect to the PREPA Fuel Sale Agreement, after such Gas Contract has been executed and delivered by the parties thereto), (i) the
        applicable Loan Party (and, to the knowledge of the Borrower, JPS, JAMALCO or PREPA, as applicable) is not in default in any material respect, and no event or circumstance has occurred or exists that with the passage of time or giving of notice
        would constitute a default in any material respect, under any Gas Contract and (ii) to the knowledge of the Borrower, there is no basis upon which any party thereto could terminate any Gas Contract prior to its scheduled termination date.  The
        Borrower has delivered complete and correct copies of the Gas Contracts as in effect on the Restatement Effective Date, including any amendments, supplements or modifications with respect thereto entered into on or prior to the date hereof.  Other
        than exceptions set forth on Schedule 3.25 and except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect:
        (a) each applicable Loan Party has obtained and holds all Permits required for the current operation of its business and all Permits required to be obtained by it on or prior to the date hereof under the Gas Contracts, and (b) each applicable Loan
        Party has performed and observed all requirements of such Permits (to the extent required to be performed by it).

    

      

    SECTION 4.    CONDITIONS PRECEDENT

    

      

    Section 4.1       Conditions to Restatement Effective Date.  The agreement of each Lender to make the extension of credit requested to be made by it on the Restatement Effective Date is subject to the satisfaction or
        waiver, prior to or substantially concurrently with the making of such extension of credit on the Restatement Effective Date, of the conditions precedent set forth in Section 3 of the Amendment Agreement.

    

      

    Section 4.2       Conditions to the Making of any Term Loan After the Restatement Effective Date.  The obligation of each Lender to make any Term Loan on any Credit Date after the Restatement Effective Date is subject
        to the satisfaction or waiver, prior to or substantially concurrently with the making of such Term Loan on such Credit Date, of the following conditions precedent:

    

      

    
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    (a)          Funding Notice.  The Administrative Agent shall have received a fully executed and delivered Funding Notice with respect to such Credit Date.

    

      

    (b)          Representations and Warranties.  As of such Credit Date, the representations and warranties contained herein and in the other Loan Documents shall be true and correct in all material respects on and as
        of such Credit Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true
        and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any
        representations and warranties that already are qualified or modified by materiality in the text hereof.

    

      

    (c)          No Default.  No event shall have occurred and be continuing or would result from the making of the Term Loans on such Credit Date that would constitute an Event of Default or a Default.

    

      

    SECTION 5.    AFFIRMATIVE COVENANTS

    

      

    Holdings, the Borrower and the other Loan Parties hereby jointly and severally agree that, so long as the Termination
        Conditions have not been satisfied, each of Holdings, the Borrower and the other Loan Parties shall and shall cause each of its Subsidiaries to:

    

      

    Section 5.1       Financial Statements.  Furnish to the Administrative Agent for delivery to each Lender and take the following actions:

    

      

    (a)          within 90 days  after the end of each fiscal year of
        Holdings, beginning with the fiscal year ending December 31, 2018, a copy of the audited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at the end of such year and the related audited consolidated statements of
        operations and of cash flows for such year, setting forth in each case in comparative form the figures as of the end of and for the previous year, by Ernst & Young LLP or any other independent certified public accountants of nationally
        recognized standing, together with a report and opinion by such certified public accountants, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or
        like emphasis, qualification or exception or any emphasis, qualification or exception as to the scope of such audit (other than any emphasis, qualification or exception that is expressly solely with respect to, or expressly resulting solely from,
        (i) an upcoming maturity date under any Indebtedness that is scheduled to occur within one year from the time such report and opinion are delivered or (ii) any potential inability to satisfy a financial maintenance covenant on a future date or in a
        future period; and

    

      

    (b)          not later than 45 days after the end of each fiscal
        quarter of Holdings, beginning with the fiscal quarter ending March 31, 2019, the unaudited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of
        operations and of cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures as of the end of and for the corresponding period in the previous year,
        certified by a Responsible Officer of the Borrower as being fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of footnotes).

    

      

    
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    Financial statements and other information required to be delivered pursuant to this Section 5.1, Section 5.2 or Section 5.7
        may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower or Holdings posts such information, or provides a link thereto, on the website of the Borrower or Holdings, as
        applicable; (ii) on which such information is posted on behalf of the Borrower on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial or third-party website or whether
        sponsored by the Administrative Agent); or (iii) to the extent such financial statements are set forth in the Borrower’s, Holdings’s or any other IPO Entity’s Form 10-K or 10-Q, as applicable, filed with the SEC, on which date such documents are
        filed for public availability on the SEC’s Electronic Data Gathering and Retrieval System. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event
        shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for maintaining its copies of such documents.

    

      

    Section 5.2       Certificates; Other Information.  Furnish to the Administrative Agent for delivery to each Lender, or, in the case of clause (d), to the relevant Lender:

    

      

    (a)          concurrently with the delivery of any financial
        statements pursuant to Section 5.1,  a Compliance Certificate of the Borrower (the first such Compliance Certificate to be delivered for the fiscal year ending December 31, 2018) (i) certifying as to whether a Default then exists and, if a Default
        does then exist, specifying the details thereof and any action taken or proposed to be taken with respect thereto and (ii) setting forth reasonably detailed calculations demonstrating compliance with the covenant set forth in Section 6.9;

    

      

    (b)          no later than 60 days after the end of each fiscal
        year of the Borrower, a consolidated budget for the following fiscal year (including a consolidated statement of projected results of operations of the Borrower and its consolidated subsidiaries as of the end of the following fiscal year presented
        on a quarterly basis);

    

      

    (c)          concurrently with the delivery of any financial
        statements pursuant to Section 5.1(a) or (b), a narrative discussion and analysis of the financial condition and results of operations of the Borrower and its consolidated subsidiaries, in each case, for such fiscal quarter and for the period from
        the beginning of the then current fiscal year to the end of such fiscal quarter;

    

      

    (d)          promptly upon their becoming publicly available,
        copies of all periodic and other publicly available reports, proxy statements and, to the extent requested by the Administrative Agent, other materials filed by Parent with the SEC or sent or made available generally by Parent to its security
        holders acting in such capacity;

    

      

    
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    (e)          promptly after the execution or delivery thereof, any
        amendment, waiver, supplement or other modification of any Gas Contract (other than operational notices and ordinary course of business correspondence relating thereto); and

    

      

    (f)          promptly, such additional financial information or
        information regarding any Gas Contract as the Administrative Agent on behalf of any Lender may from time to time reasonably request.

    

      

    The Borrower hereby acknowledges that certain of the Lenders may be Public Lenders and, if documents or notices required to be delivered pursuant
        to Section 5.1 or this Section 5.2 or otherwise are being distributed through IntraLinks/IntraAgency, SyndTrak or another relevant website or other information platform (the “Platform”),

        any document or notice that the Borrower has not clearly and conspicuously marked “PUBLIC” shall not be posted on that portion of the Platform designated for such Public Lenders.  The Borrower agrees to use commercially reasonable efforts to
        clearly designate all information provided to the Administrative Agent by or on behalf of the Borrower which is suitable to make available to Public Lenders.  If the Borrower has not indicated whether a document or notice delivered pursuant to this
        paragraph contains Non-Public Information, the Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive Non-Public Information with respect to the
        Borrower, its Subsidiaries and their securities (“Private Side Information”).  Each Public Lender agrees to cause at least one individual at or on behalf of such
        Public Lender to at all times have selected to receive Private Side Information in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States federal
        and state securities Laws, to make reference to communications that are not made through the “Public” portion of the Platform and that may contain Non-Public Information.

    

      

    Section 5.3       Payment of Taxes.  Pay, discharge or otherwise satisfy all Taxes imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty or
        fine accrues thereon, except where (i) the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of Holdings, the
        Borrower or its Subsidiaries, as the case may be or (ii) the failure could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

    

      

    Section 5.4       Conduct of Business and Maintenance of Existence; Compliance with Law.  (a)(i) Preserve, renew and keep in full force and effect its organizational existence and good standing in its jurisdiction of
        incorporation or organization and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in the case of each of (i) and (ii), as otherwise permitted by
        Sections 6.3 or 6.4 or, other than with respect to the organizational existence of each of the Loan Parties, to the extent that failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;
        and (b) comply with all Requirements of Law, except to the extent that failure to comply therewith could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

    

      

    
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    Section 5.5       Maintenance of Property; Insurance.  (a) Keep all real and tangible Property and systems used, useful, or necessary in its business in good working order and condition, ordinary wear and tear excepted,
        except to the extent the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (b) subject to Section 5.12, maintain with financially sound and reputable insurance companies,
        insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance
        reasonable and customary for similarly situated Persons engaged in the same or similar businesses) as are customarily carried under similar circumstances by such other Persons.  All such insurance shall, to the extent the applicable insurer will
        agree based on the commercially reasonably efforts of the Borrower, (i) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least 10 days (or, to the extent reasonably
        available, 30 days) after receipt by the Administrative Agent of written notice thereof (the Borrower shall deliver an insurance certificate with respect thereto) and (ii) name the Administrative Agent as mortgagee and/or loss payee (in the case of
        property insurance) or additional insured (in the case of liability insurance) on behalf of the Secured Parties, as applicable.  In the event any material asset of any NFE Group Member is materially damaged or destroyed at any time or from time to
        time, (x) to the extent any NFE Group Member has actually received proceeds of any settlement of or payment in respect of a property or casualty insurance claim made in connection with such damage or destruction, no NFE Group Member shall use the
        proceeds of the Term Loans to replace or repair such assets until such proceeds of such settlement or payment have been fully expended in respect of such replacement or repair, and (y) in no event shall any NFE Group Member expend any amount of
        proceeds of the Term Loans to repair or replace such assets in excess of the aggregate amount of any property or casualty insurance claims in connection with such damage or destruction that have been made in good faith by the applicable NFE Group
        Member.

    

      

    Section 5.6       Inspection of Property; Books and Records; Discussions.  (a) Keep proper books of records and account in which entries which are full, true and correct, in all material respects, in conformity with
        GAAP shall be made of all material dealings and transactions in relation to its business and activities, (b) upon the request of the Administrative Agent or the Required Lenders, participate in a meeting or conference call with the Administrative
        Agent and the Lenders once during each fiscal quarter at such time as may be agreed to by the Borrower and the Administrative Agent and (c) permit representatives of the Administrative Agent to visit and inspect any of its properties and examine
        and make abstracts from any of its books and records at any reasonable time during normal business hours and as often as may reasonably be desired (but, the Administrative Agent may not have more than one visit per any twelve month period except
        during an Event of Default), upon reasonable advance notice to the Borrower, and to discuss the business, operations, properties and financial and other condition of Holdings, the Borrower and their respective Subsidiaries with officers and
        employees of Holdings, the Borrower and their respective Subsidiaries and with their independent certified public accountants (and the Borrower will be given the opportunity to participate in any such discussions with such independent certified
        accountants).  Any such inspection shall be at the Administrative Agent’s sole cost and expense unless an Event of Default has occurred and is continuing at the time of such inspection, in which event the Borrower shall reimburse the Administrative
        Agent for its reasonable, actual out-of-pocket costs and expenses.  Notwithstanding anything to the contrary in this Section 5.6, none of Holdings, the Borrower and their respective Subsidiaries will be required to disclose, permit the inspection,
        examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the
        Administrative Agent (or its representatives) is prohibited by any Requirement of Law or any binding agreement (provided that, with respect to any prohibition by any binding agreement, Borrower shall attempt to obtain consent to such disclosure if
        requested by the Administrative Agent) or (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product.

    

      

    
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    Section 5.7       Notices.  Promptly after obtaining knowledge of the same, give notice to the Administrative Agent of:

    

      

    (a)          the occurrence of any Default or Event of Default;

    

      

    (b)          any dispute, claim, litigation, investigation or
        proceeding (i) affecting Holdings, the Borrower or any of its Subsidiaries that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (ii) with respect to any of the Loan Documents or any of the
        transactions contemplated hereby or thereby;

    

      

    (c)          [Reserved];

    

      

    (d)          as soon as practicable after, and in any event within
        30 days of, obtaining knowledge that any condition would reasonably be expected to result in the payment by the Borrower and its Subsidiaries of a Material Environmental Amount (to the extent not reflected as a specific line item in the most recent
        budget delivered by the Borrower pursuant to Section 5.2(b));

    

      

    (e)          any material breach or notice of termination of or
        default under, or any event giving any party thereto the right, with the passage of time or giving of notice, to terminate, any Gas Contract;

    

      

    (f)          any change in the information provided in the
        Beneficial Ownership Certification that would result in a change to the list of beneficial owners identified in parts (c) or (d) of such certification; and

    

      

    (g)          any other development or event that has had or could
        reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

    

      

    Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the
        occurrence referred to therein and stating what action Holdings, the Borrower or the relevant Subsidiary thereof has taken or proposes to take with respect thereto.

    

      

    
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    Section 5.8       Environmental Laws.

    

      

    (a)          Except in each case to the extent the failure to do
        so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, comply with, and use commercially reasonable efforts to ensure compliance by all tenants and subtenants, if any, with, all applicable
        Environmental Laws, and obtain and comply with and maintain, and use commercially reasonable efforts to ensure that all tenants and subtenants obtain and comply with and maintain, any and all material Environmental Permits.

    

      

    (b)          Except in each case to the extent the failure to do
        so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or to the extent the relevant NFE Group Member is in good faith disputing its responsibility in the appropriate forum, conduct and complete all
        investigations, studies, sampling and testing, and all remedial, removal and other similar actions required by any Governmental Authority under Environmental Laws, and promptly comply with all lawful orders and directives of all Governmental
        Authorities regarding Environmental Laws.

    

      

    Section 5.9       Plan Compliance.  Except as could not reasonably be expected to result in a Material Adverse Effect, establish, maintain and operate any and all Pension Plans, Multiemployer Plans and Foreign Employee
        Benefit Plans (other than government-sponsored plans) in compliance with all Requirements of Law applicable thereto and the respective requirements of the governing documents for such plans to the extent the Borrower or any Commonly Controlled
        Entity has the authority to establish, maintain and operate such plans.

    

      

    Section 5.10     Additional Collateral, Etc.

    

          

    (a)          Subject to Sections 5.10(c) and (d), with respect to
        any fee interest or absolute right of ownership in any real or immoveable property having a fair market value (together with improvements thereof on the date such property is acquired) of at least $5,000,000 (as determined in good faith by a
        Responsible Officer of the Borrower) acquired after the Closing Date by any Loan Party (including pursuant to a Division/Series Transaction) (in each case, other than any such real property subject to any Lien permitted pursuant to Section 6.2(j),
        (o), (p) or (r) or any Requirement of Law that prohibits or restricts compliance with the terms and conditions of this Section 5.10) (which, for the purposes of this paragraph, shall include any owned real property of any Loan Party that ceases to
        be subject to the foregoing restrictions), promptly (i) execute and deliver a first priority Mortgage in favor of the Administrative Agent for the benefit of the Secured Parties, covering such real or immoveable property (to the extent such
        property is not already subject to a perfected first priority Lien pursuant to a Security Document), (ii) if reasonably requested by the Administrative Agent, (x) provide the Lenders with a fully paid extended coverage title insurance policy
        covering such real property in an amount at least equal to the purchase price of such real property (or such other lesser amount as shall be reasonably specified by the Administrative Agent) as well as an ALTA survey (or other map reasonably
        acceptable to the Administrative Agent) of such real property, together with a surveyor’s certificate and (y) use commercially reasonable efforts to provide the Lenders with any estoppels reasonably deemed necessary or advisable by the
        Administrative Agent in connection with such Mortgage, each of the foregoing in form and substance reasonably satisfactory to the Administrative Agent, and (iii) if reasonably requested by the Administrative Agent, deliver to the Administrative
        Agent customary legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent.  Prior to recording any Mortgage, the Administrative Agent
        shall have obtained a completed flood hazard determination from a third party vendor, and if such Mortgaged Property is located in a “special flood hazard area”, the Borrower shall provide to the Administrative Agent evidence of required flood
        insurance to the extent that flood insurance has been made available under applicable Flood Laws.

    

      

    
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    (b)          Subject to Sections 5.10(c) and (d), upon (x) the
        formation or acquisition of any new direct or indirect Subsidiary of the Borrower (in each case, including pursuant to a Division/Series Transaction and other than an Excluded Subsidiary), (y) any Excluded Subsidiary ceasing to constitute an
        Excluded Subsidiary or (z) any Subsidiary (other than an Excluded Subsidiary) becoming a Material Subsidiary, promptly (and in any event within ninety (90) days after such formation or acquisition or such Subsidiary so ceases to be an Excluded
        Subsidiary or becomes a Material Subsidiary, or such longer period as the Administrative Agent may agree in writing in its discretion) (i) notify the Administrative Agent of such event, and to the extent not satisfied already, cause such Subsidiary
        (A) to become a party to this Agreement as a Subsidiary Guarantor pursuant to a joinder in form and substance reasonably satisfactory to the Administrative Agent, (B) to become a party to a Guarantee Agreement and appropriate Security Documents (or
        enter into amendments to an existing Guarantee Agreement or any existing Security Document as the Administrative Agent deems necessary or advisable) to grant to the Administrative Agent for the benefit of the Secured Parties, a perfected first
        priority (subject to Liens permitted pursuant to Section 6.2) security interest in the Capital Stock held by such Subsidiary (subject to any limitations set forth in the Pledge Agreements and the other Collateral described in the relevant Security
        Document) and to cause such Subsidiary to be a Guarantor and (C) to take such actions necessary or advisable to grant to the Administrative Agent for the benefit of the Secured Parties, a perfected first priority (subject to Liens permitted
        pursuant to Section 6.2) security interest in the Collateral described in the relevant Security Document with respect to such Subsidiary, including, without limitation, the filing of Uniform Commercial Code financing statements or other similar
        filings in such jurisdictions as may be required by the Security Documents or by law or as may be requested by the Administrative Agent, (ii) deliver to the Administrative Agent the certificates, if any, representing the Capital Stock of such
        Subsidiary, together with undated stock powers, in blank, and all intercompany notes owing from such Subsidiary to any Loan Party and all other promissory notes held by such Subsidiary and required to be delivered to the Administrative Agent under
        the applicable Security Documents, together with instruments of transfer in blank, in each case executed and delivered by a duly authorized officer of the relevant Loan Party, as the case may be, and (iii) if reasonably requested by the
        Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent.

    

      

    (c)          Notwithstanding anything to the contrary contained
        herein, in the event that the compliance by a NFE Group Member (including any non-Wholly Owned Subsidiary) with any of clause (a) would require the consent of any un-Affiliated third-party, such NFE Group Member shall use commercially reasonable
        efforts to obtain such consents or other deliveries.  For the avoidance of doubt, (x) the use of commercially reasonable efforts, as contemplated by this Section 5.10, to obtain any consent or delivery shall not require the applicable NFE Group
        Member to pay to such un-Affiliated third-party a fee, premium or penalty or other consideration (other than expense reimbursement) and (y) in the event following the use of commercially reasonable efforts to obtain a consent or delivery, the
        applicable NFE Group Member is unable to obtain a necessary consent or delivery of the relevant un-Affiliated third-party, the Lenders hereby waive compliance by such NFE Group Member with the provisions of this Section 5.10 solely to the extent
        such consent or delivery is not obtained.

    

      

    
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    (d)          Notwithstanding anything to the contrary contained
        herein, with respect to any Property of any NFE Group Member that would otherwise be required to be mortgaged or pledged in favor of the Secured Parties in accordance with this Section 5.10 (each such Property, an “Eligible

            Collateral Property”), (i) in no event shall any NFE Group Member have any obligation to mortgage or pledge such Property in favor of the Administrative Agent for the benefit of the Secured Parties if such Property is to be used (A)
        to secure any Indebtedness permitted by Section 6.1(r), or an NFE Group Member enters into a binding commitment to use such Property to secure any such Indebtedness (so long as such Property is so used within 180 days of entry into such binding
        commitment), within 365 days of the date such Property first qualifies as an Eligible Collateral Property or (B) to secure any Indebtedness permitted by Section 6.1(f) within 365 days of the date such Property first qualifies as an Eligible
        Collateral Property, and (ii) in no event shall Eligible Collateral Property include more than 65% of the issued and outstanding voting Capital Stock and 100% of the issued and outstanding non-voting Capital Stock of any CFC or FSHCO. 
        Notwithstanding anything to the contrary herein, the Borrower shall be permitted at any time and from time to time to add any of its Subsidiaries as an additional Subsidiary Guarantor in accordance with this Section 5.10.

    

      

    Section 5.11      Further Assurances.  From time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take such actions, as the Administrative
        Agent may reasonably request for the purposes of more fully creating, maintaining, preserving, perfecting or renewing the Liens granted in favor of (together with the other rights of) the Administrative Agent and the Secured Parties with respect to
        the Collateral (or with respect to any additions thereto or replacements or proceeds thereof or with respect to any other property or assets hereafter acquired by any Loan Party which are required to become part of the Collateral pursuant to
        Section 5.10) pursuant hereto or thereto.  Upon the exercise by the Administrative Agent or any Secured Party of any power, right, privilege or remedy pursuant to this Agreement, the other Loan Documents or any Secured Hedge Agreement which
        requires any consent, approval, recording, qualification or authorization of any Governmental Authority, Holdings and the Borrower will execute and deliver, or will cause the execution and delivery of, all applications, certifications, instruments
        and other documents and papers that the Administrative Agent or such Secured Party may be reasonably required to obtain from any NFE Group Member or any of their Subsidiaries for such governmental consent, approval, recording, qualification or
        authorization.

    

      

    Section 5.12      Post-Closing Covenants.  The Borrower shall, and shall cause its Subsidiaries to, take the actions set forth on Schedule 3
        to the Amendment Agreement (the “Post-Closing Actions”) within the time periods specified therein or by such later date as the Administrative Agent may agree.

    

      

    
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    Section 5.13     Gas Contracts.  (a) Comply in all material respects with all of the terms and provisions of each Gas Contract, maintain each such Gas Contract in full force and effect, and enforce, to the extent
        commercially reasonable, each such Gas Contract in accordance with its terms (with respect to the PREPA Fuel Sale Agreement, after such Gas Contract has been executed and delivered by the parties thereto); (b) either (i) execute and deliver, and
        cause PREPA to execute and deliver, the PREPA Fuel Sale Agreement by September 30, 2019, or such later date as the Administrative Agent may agree, and upon execution and delivery thereof by NFEnergia and PREPA, promptly deliver a fully executed
        version thereof, certified by a Responsible Officer of the Borrower as being a true, correct and complete copy thereof, to the Administrative Agent for delivery to each Lender, or (ii) execute and deliver, and cause the other parties thereto to
        execute and deliver, one or more gas sale agreements or similar contracts providing for revenues and cash flows to a Loan Party materially consistent in timing and amount with the revenues and cash flows expected under the PREPA Fuel Sale Agreement
        and that are reasonably satisfactory in form and substance to the Administrative Agent by September 30, 2019, or such later date as the Administrative Agent may agree, and upon execution and delivery thereof by all parties thereto, promptly deliver
        a fully executed version thereof, certified by a Responsible Officer of the Borrower as being a true, correct and complete copy thereof, to the Administrative Agent for deliver to each Lender; and (c) within 90 days (or such later date as the
        Administrative Agent may agree) of the execution and delivery of the PREPA Fuel Sale Agreement or the gas sale agreements or similar contracts referred to in clause (b)(ii) above, as applicable, execute and deliver, and cause PREPA or the
        applicable counterparties to execute and deliver, a Collateral Assignment in respect of the PREPA Fuel Sale Agreement or a collateral assignment in form and substance reasonably satisfactory to the Administrative Agent in respect of the gas sale
        agreements or similar contracts referred to in clause (b)(ii) above, as applicable.

    

      

    Section 5.14     Use of Proceeds.  Use the proceeds of the Term Loans only for those purposes set forth in Section 2.3.

    

      

    SECTION 6.    NEGATIVE COVENANTS

    

      

    Holdings, the Borrower and the other Loan Parties hereby jointly and severally agree that, so long as the Termination
        Conditions are not satisfied, each of Holdings, the Borrower and the other Loan Parties shall not, and shall not permit any of its Subsidiaries to, directly or indirectly:

    

      

    Section 6.1       Limitation on Indebtedness.  Create, incur or assume any Indebtedness, except:

    

      

    (a)          Indebtedness of any Loan Party pursuant to any Loan
        Document;

    

      

    (b)          Indebtedness of any Loan Party to any other Loan
        Party, and Indebtedness of any NFE Group Member that is not a Loan Party to any other NFE Group Member that is not a Loan Party;

    

      

    
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    (c)          To the extent constituting Indebtedness, (i) leases,
        charters or other contracts for the use or hire of vessels and leases of equipment at marine terminals in the ordinary course of business and (ii) leases of Property (real or personal) owned by, and tolling arrangements with, any Governmental
        Authority to the extent the acquisition, construction, development or improvement of Property subject to such lease or tolling arrangement is financed with the proceeds of a municipal bond financing;

    

      

    (d)          Indebtedness outstanding on the Closing Date (or
        future advances or Indebtedness contemplated by the existing documentation evidencing such Indebtedness (including any commitment with respect thereto)) and listed and identified by type on Schedule 6.1(d) and any Indebtedness that is Refinancing Indebtedness with respect thereto;

    

      

    (e)          (i) Non-Recourse Indebtedness of any NFE Group Member
        in an aggregate amount not to exceed $50,000,000 incurred in respect of the financing, purchase, lease, improvement, development, construction, remanufacturing, refurbishment, handling and repositioning, maintenance or repair of property (real or
        personal) or equipment, in each case other than the properties listed on Schedule 1.1B and the Gas Contracts, whether such financing, purchase, lease, improvement, development, construction, remanufacturing, refurbishment handling and
        repositioning, maintenance or repair has occurred or commenced prior to, concurrently with or reasonably promptly following such incurrence of Non-Recourse Indebtedness or (ii) Refinancing Indebtedness to refinance other Non-Recourse Indebtedness
        incurred pursuant to this clause (e);

    

      

    (f)          (i) Indebtedness (including Capital Lease Obligations
        and purchase money Indebtedness) incurred, issued or assumed by any NFE Group Member to finance the acquisition, purchase, lease, development, construction, repair, replacement, refurbishment, repositioning or improvement of fixed or capital
        property, equipment or other assets; provided that such Indebtedness is incurred reasonably promptly prior to, concurrently with or within 365 days after the
        applicable acquisition, purchase, lease, development, construction, repair, replacement, refurbishment, repositioning or improvement and (ii) any Refinancing Indebtedness of any Indebtedness set forth in the immediately preceding clause (i); provided further, that, the aggregate principal amount of all Indebtedness at
        any time outstanding and incurred in reliance on this Section 6.1(f) shall not exceed $10,000,000;

    

      

    (g)          Guarantee Obligations of Indebtedness permitted to be
        incurred by Loan Parties pursuant to this Section 6.1; provided that any Guarantee Obligation of Indebtedness incurred pursuant to Section 6.1(e) shall not have
        recourse to any asset, property or equipment of any Person other than the assets, property and equipment securing the applicable Indebtedness incurred pursuant to Section 6.1(e);

    

      

    (h)          (i) Indebtedness arising under or in respect of any
        surety, performance, bid or appeal bonds and performance and completion guarantees provided by Holdings, the Borrower or any Subsidiary of the Borrower, or obligations in respect of letters of credit, bank guarantees, bankers’ acceptances or
        similar instruments related thereto, in the ordinary course of its business, and (ii) Indebtedness in respect of customary agreements providing for indemnification, purchase price adjustments or similar obligations incurred in connection with any
        Investment, Disposition or acquisition;

    

      

    
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    (i)           letters of credit and the related guarantees
        thereof incurred in the ordinary course of business in an aggregate principal amount not to exceed $40,000,000 at any one time outstanding, which Indebtedness may be secured by cash collateral; provided, however, that upon the drawing of any such letters of credit, such obligations are reimbursed within 90
        days following such drawing or incurrence;

    

      

    (j)           Indebtedness of any NFE Group Member incurred or
        assumed after the date hereof (or of any Person not previously a NFE Group Member that is merged or consolidated with or into a NFE Group Member); provided that the aggregate principal amount of Indebtedness at any time outstanding and incurred in reliance on this Section 6.1(j) shall not exceed
        $5,000,000;

    

      

    (k)          Indebtedness of any NFE Group Member under working
        capital facilities or lines of credit (including letters of credit) in an aggregate amount not to exceed $40,000,000 which working capital facilities or lines of credit may be secured on a pari passu basis with the Term Loan Facility pursuant to intercreditor arrangements reasonably acceptable to the Administrative Agent and may be provided by any direct or indirect parent company of the
        Borrower or by Fortress, Parent or their respective affiliated funds;

    

      

    (l)           Indebtedness of NFE North Distribution Limited
        incurred in accordance with the Investor Agreements;

    

      

    (m)         Indebtedness assumed by the Borrower or any of its
        Subsidiaries in connection with any acquisition of any Person at the time such Person becomes a Subsidiary of the Borrower in connection with any acquisition (provided
        that such Indebtedness existed at the time of such acquisition or at the time such Person becomes a Subsidiary of the Borrower and was not created in connection therewith or in contemplation thereof) that is either unsecured or secured only by the
        assets or business acquired in such acquisition or the assets or business of such Person who becomes a Subsidiary of the Borrower (including any acquired Capital Stock), so long as the Loan Parties shall be in compliance with the covenant set forth
        in Section 6.9 on a Pro Forma Basis for such acquisition and such assumption of such Indebtedness; provided that the aggregate principal amount of Indebtedness at any time outstanding and incurred or assumed in reliance on this Section 6.1(m) shall not exceed $15,000,000;

    

      

    (n)          (i) Non-Recourse Indebtedness incurred, issued or
        assumed by any NFE Group Member to finance the acquisition, purchase, lease, development, construction, repair, replacement, refurbishment, repositioning or improvement of marine vessels and related equipment used in the business of the Borrower
        and its Subsidiaries; provided that such Non-Recourse Indebtedness is incurred reasonably promptly prior to, concurrently with or within 365 days after the
        applicable acquisition, purchase, lease, development, construction, repair, replacement, refurbishment, repositioning or improvement and (ii) any Refinancing Indebtedness of any Indebtedness set forth in the immediately preceding clause (i); provided further, that the aggregate principal amount of all Indebtedness at
        any time outstanding and incurred in reliance on this Section 6.1(n) shall not exceed $125,000,000;

    

      

    
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    (o)          Indebtedness consisting of cash management
        obligations, netting services, overdraft protection and similar arrangements incurred in the ordinary course of business;

    

      

    (p)          Indebtedness consisting of the financing of insurance
        premiums or take-or-pay obligations contained in supply agreements, in each case incurred in the ordinary course of business;

    

      

    (q)          Indebtedness incurred in respect of letters of
        credit, bank guarantees, bankers’ acceptances or similar instruments issued or created in the ordinary course of business in respect of workers’ compensation claims and health, disability, retiree or other employee benefits;

    

      

    (r)          [Reserved]; and

    

      

    (s)          Indebtedness under any Hedge Agreement, to the extent
        permitted by Section 6.6(l).

    

      

    Section 6.2       Limitation on Liens.  Create, incur, assume or suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except for:

    

      

    (a)          Liens for Taxes not overdue by more than 45 days or
        Liens with respect to Taxes, assessments or other governmental charges or levies that are being contested in good faith by appropriate proceedings, provided
        that, in the case of Liens with respect to contested Taxes, assessments or other governmental charges or levies, adequate reserves with respect thereto are maintained on the books of Holdings, the Borrower or its Subsidiaries, as the case may be,
        in conformity with GAAP, and Liens for property Taxes on property that the Borrower or any of its Subsidiaries has determined to abandon (so long as such abandonment is not prohibited by this Agreement or any of the other Loan Documents), if the
        sole recourse for such Tax is to such property;

    

      

    (b)          Liens securing judgments for the payment of money not
        constituting an Event of Default under Section 7.1(h);

    

      

    (c)          carriers’, warehousemen’s, mechanics’, materialmen’s,
        repairmen’s, landlord’s, contractor’s or other like Liens arising in the ordinary course of business securing obligations that are not overdue for a period of more than 90 days, or that are being contested in good faith by appropriate proceedings,
        provided that adequate reserves with respect thereto are maintained on the books of Holdings, the Borrower or its Subsidiaries, as the case may be, in conformity
        with (i) GAAP or (ii) a bond or other security reasonably acceptable to the Administrative Agent in an amount equal to 100.0% of such obligations is procured;

    

      

    (d)          undetermined or inchoate Liens incidental to current
        operations which have not at such time been filed and which do not secure Indebtedness;

    

    

    
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      (e)          pledges or deposits in connection with workers’
          compensation, unemployment insurance and other social security legislation; 

       

        

      (f)          pledges or deposits to secure the performance of
          bids, trade contracts (other than for borrowed money), leases, concessions, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business, or deposits to
          secure letters of credit, bank guarantees, bankers’ acceptances, cash management obligations (including credit card processing obligations) or similar instruments related thereto;

       

        

      (g)         restrictions, covenants, land use contracts, rent
          charges, building schemes, declarations of covenants, conditions and restrictions, servicing agreements in favor of any Governmental Authority, easements, rights-of-way, servitudes or other similar rights in or with respect to real property
          (including open space and conservation easements, restrictions or similar agreements and rights of way and servitudes for railways, water, sewer, drainage, gas and oil pipelines, electricity, light, power, telephone, telegraph, internet or cable
          television services and utilities) granted to or reserved by other Persons or properties, incurred in the ordinary course of business, which in the aggregate do not materially impair the use of or the operation of the business of such Person or
          the property subject thereto;

       

        

      (h)         the right reserved to or vested in any Governmental
          Authority, by the terms of any Permit acquired by such Person or by any Law, to terminate any such Permit or to require annual or other payments as a condition to the continuance thereof;

       

        

      (i)          the Lien resulting from the deposit of cash or
          securities in connection with any of the Liens permitted by Sections 6.2(a), (b) or (c), or in connection with contracts, tenders, leases or expropriation proceedings, or to secure workers’ compensation, surety or appeal bonds, costs of
          litigation when required by Law and public and statutory obligations, and any right of refund, set-off or charge-back, or Liens of a collection bank on items in the course of collection, available to any bank or financial institution, including
          under the general terms and conditions of such bank or financial institution and/or its bank account opening documents or arising as a matter of Law;

       

        

      (j)          any security given to a public authority or other
          service provider or any other Governmental Authority when required by such utility or other Governmental Authority in connection with the operations of such person in the ordinary course of its business;

       

        

      (k)         any agreement or option to lease, license,
          sub-lease or sub-license (as lessee, lessor, licensee or licensor) any Property or right of use or occupancy assumed or entered by or on behalf of any NFE Group Member in the ordinary course of its business (including any Liens arising in
          connection with Indebtedness permitted by Section 6.1(c));

       

        

      (l)          the reservations, limitations, provisos and
          conditions, if any, expressed in any grants from any Governmental Authority or any similar authority;

       

        

      
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      (m)        title defects or irregularities which are of a minor
          nature and in the aggregate will not materially impair the use of the Property for the purposes for which it is held by the Borrower or any of its Subsidiaries;

       

        

      (n)         Liens securing Non-Recourse Indebtedness (or
          Refinancing Indebtedness in respect thereof) permitted to be incurred pursuant to Section 6.1(n); provided that (i) such Liens shall be created within 365
          days of the acquisition, purchase, lease, development, construction, repair, replacement, refurbishment, repositioning or improvement of the Property, equipment or other assets financed by such Indebtedness, (ii) such Liens do not at any time
          encumber any Property, equipment or other assets other than the Property, equipment or other assets financed by such Indebtedness, replacements thereof, additions and accessions to such Property, proceeds and products thereof and customary
          security deposits in connection therewith and (iii) the Capital Stock of the NFE Group Member incurring such Non-Recourse Indebtedness;

       

        

      (o)         Liens securing Indebtedness permitted by Section
          6.1(d) in existence on the Closing Date and listed on Schedule 6.2(o),
          and any modifications, replacements, renewals or extensions thereof, provided, that no such Lien is spread to cover any additional Property after the Closing
          Date (other than (i) after-acquired Property that is affixed or incorporated into the Property covered by such Lien or financed by Indebtedness permitted to be incurred under Section 6.1(d) and (ii) proceeds and products thereof) and that the
          principal amount of Indebtedness secured thereby is not increased (other than capitalized amounts related to fees and expenses incurred with respect thereto and unpaid accrued interest and premiums thereon);

       

        

      (p)         Liens securing Non-Recourse Indebtedness (or
          Refinancing Indebtedness in respect thereof) permitted to be incurred pursuant to Section 6.1(e); provided that such Liens shall not encumber any Property
          other than (i) the assets, property or equipment the purchase, lease, improvement, development, construction, remanufacturing, refurbishment, handling and repositioning or repair of which such Non-Recourse Indebtedness was incurred to finance,
          replacements thereof, additions and accessions thereto, proceeds and products thereof and customary security deposits (whether such purchase, lease, improvement, development, construction, manufacturing, refurbishment, handling and repositioning
          or repair occurs or is commenced prior to, concurrently with or reasonably promptly following such incurrence) and (ii) the Capital Stock of the NFE Group Member incurring such Non-Recourse Indebtedness;

       

        

      (q)         Liens created pursuant to the Loan Documents;

       

        

      (r)          Liens securing Indebtedness incurred pursuant to
          Section 6.1(f); provided, that (i) such Liens shall be created within 365 days of the acquisition purchase, lease, development, construction, repair,
          replacement, refurbishment, repositioning or improvement of such Property, equipment or other assets and (ii) such Liens do not at any time encumber any Property, equipment or other assets other than the Property, equipment or other assets
          financed by such Indebtedness, replacements thereof, additions and accessions to such property, proceeds and products thereof and customary security deposits;

       

        

      
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      (s)          Liens on property of any NFE Group Member that is
          not a Loan Party, which Liens secure Indebtedness of such NFE Group Member or another NFE Group Member that is not a Loan Party, in each case, to the extent permitted under Section 6.1;

       

        

      (t)          any right of set-off, refund or charge-back
          available to any bank or other financial institution or any other Lien arising in connection therewith;

       

        

      (u)         Liens securing Indebtedness incurred pursuant to
          Section 6.1(k);

       

        

      (v)         Liens securing Indebtedness incurred pursuant to
          Section 6.1(m); provided that such Liens do not at any time encumber any property or assets other than the assets or business (including Capital Stock)
          acquired in such acquisition or, in the case of financing of multiple financings of property or assets provided by the applicable financing source, any other property or assets financed by such financing source;

       

        

      (w)        Liens on cash collateral to secure letters of credit
          permitted by Section 6.1(i);

       

        

      (x)         Liens in favor of customs and revenue authorities
          arising as a matter of Law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business;

       

        

      (y)         Restrictions on the Disposition of any Property
          subject to an agreement to Dispose of such Property in a transaction permitted under Section 6.4;

       

        

      (z)         Liens arising out of conditional sale, title
          retention, consignment or similar arrangements for the sale of goods entered into by any NFE Group Member in the ordinary course of business;

       

        

      (aa)        Liens on insurance policies and the proceeds
          thereof securing the financing of the premiums with respect thereto;

       

        

      (bb)       [Reserved];

       

        

      (cc)       other Liens of any NFE Group Member securing
          obligations not constituting Indebtedness in an aggregate principal amount at any time outstanding not to exceed $5,000,000;

       

        

      (dd)       [Reserved]; and

       

        

      (ee)        Liens on assets of Excluded Subsidiaries securing
          Indebtedness permitted by Section 6.1(t).

       

        

      Section 6.3       Limitation on Fundamental Changes.  Merge, consolidate or amalgamate, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of (other than the granting of a
          Lien permitted by Section 6.2) all or substantially all of its Property or business, or consummate a Division/Series Transaction, except:

       

        

      
        85

        
          

      

      (a)          that (i) any Person (including, without limitation,
          any Subsidiary of the Borrower) may be merged, amalgamated or consolidated  with or into the Borrower or the Borrower may Dispose of all or substantially all of its Property or business to any Person (provided that (x) the Borrower shall be the continuing or surviving entity of such merger, amalgamation or consolidation or (y) if the Person formed by or surviving any such merger, amalgamation or
          consolidation or to which such Property or business is Disposed is not the Borrower (any such Person, a “Successor Borrower”), (A) no Default or Event of
          Default is continuing or would result therefrom, (B) the Successor Borrower shall be an entity organized or existing under the laws of any state of the United States, and the Successor Borrower shall provide all documentation and other
          information reasonably requested by the Administrative Agent or any Lender in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the
          PATRIOT Act, (C) the Successor Borrower shall expressly assume all the obligations of the Borrower under this Agreement and the other Loan Documents to which the Borrower is a party pursuant to a supplement hereto or thereto in form reasonably
          satisfactory to the Administrative Agent, (D) each Guarantor, unless it is the other party to such merger, amalgamation or consolidation, shall have by a supplement to the applicable Guarantee Agreement confirmed that its guarantee thereunder
          shall apply to the Successor Borrower’s obligations under this Agreement, (E) such transaction does not otherwise involve a Change of Control, and (F) the security interests of the Lenders in the Collateral and the Guarantee Obligations, taken as
          a whole, would not be materially impaired as a result thereof, and the Administrative Agent shall have received, at its request, a legal opinion, in form and substance reasonably acceptable to it, to such effect; provided that, if the foregoing are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement); (ii) any Person (including, without
          limitation, any Subsidiary of the Borrower) may be merged, amalgamated or consolidated with or into any Subsidiary Guarantor or any Subsidiary Guarantor may Dispose of all or substantially all of its Property or business to any Person (provided that, (x) such Subsidiary Guarantor shall be the continuing or surviving entity of such merger, amalgamation or consolidation or (y) simultaneously with,
          or promptly after the consummation of, such transaction, the continuing or surviving entity of any such merger, amalgamation or consolidation, or the Person to whom such Property or business was Disposed, shall become a Subsidiary Guarantor);
          (iii) unless such Person is Holdings, the Borrower or a Subsidiary Guarantor, any Person (including, without limitation, any Subsidiary of the Borrower) may be merged, amalgamated or consolidated with or into any Subsidiary of the Borrower (other
          than a Subsidiary Guarantor) or any Subsidiary of the Borrower (other than a Subsidiary Guarantor) may Dispose of all or substantially all of its Property or business to any Person (provided that after giving effect to such transaction the continuing or surviving entity of such merger, amalgamation or consolidation, or the Person to which such Property or business was Disposed, shall remain a
          Subsidiary of the Borrower); (iv) any Person (including, without limitation, any Subsidiary of the Borrower) may be merged, amalgamated or consolidated with or into Holdings or Holdings may Dispose of all or substantially all of its Property or
          business to any Person (provided that (x) Holdings shall be the continuing or surviving entity of such merger, amalgamation or consolidation or (y) if the
          Person formed by or surviving any such merger, amalgamation or consolidation, or to whom such Property or business was Disposed, is not Holdings (any such Person, a “Successor

              Holdings”), (A) Successor Holdings shall be an entity organized or existing under the laws of any state of the United States, and (B) Successor Holdings shall expressly assume all the obligations of Holdings under this Agreement
          and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent; provided
          that, if the foregoing are satisfied, Successor Holdings will succeed to, and be substituted for, Holdings under this Agreement); or (v) any Subsidiary of the Borrower may discontinue its existence in or migrate from its jurisdiction of
          incorporation or organization and continue its existence or migrate in or to another jurisdiction, in each case with respect to any Loan Party, with the prior written consent of the Administrative Agent (not to be unreasonably withheld or
          delayed), so long as (i) the laws of the jurisdiction to which the Subsidiary has continued or migrated provides that the Property of such Subsidiary prior to such continuance or migration continues to be its Property after giving effect to such
          continuance or migration and the obligations of such Subsidiary under this Agreement and the other Loan Documents to which such Subsidiary is a party (including its Guarantor Obligations) prior to such continuance or migration continues to be its
          obligations after giving effect to such continuance or migration, (ii) any and all Liens on Collateral granted by such Subsidiary or attaching to the Capital Stock of such Subsidiary to secure any of the Obligations are not impaired in any
          material respect by such continuance or migration, and the Administrative Agent shall have received, at its request, a legal opinion, in form and substance reasonably acceptable to it, to such effect.

       

        

      
        86

        
          

      

      (b)         that (i) any Subsidiary Guarantor may Dispose of
          any or all of its assets (upon voluntary liquidation or otherwise) to the Borrower or any Subsidiary Guarantor (or to a Subsidiary of the Borrower that becomes a Subsidiary Guarantor simultaneously with, or promptly after the consummation of,
          such transaction) and (ii) any Subsidiary (other than a Subsidiary Guarantor) of the Borrower may Dispose of any or all of its assets (upon voluntary liquidation or otherwise) to the Borrower or any other Subsidiary of the Borrower;

       

        

      (c)         that the Borrower or any parent entity of the
          Borrower may consolidate with, amalgamate or merge into an Affiliate of the Borrower solely for the purpose of reincorporating or reorganizing under the laws of any state of the United States so long as the amount of Indebtedness of Holdings and
          its Subsidiaries is not materially increased thereby (unless such increase is permitted by this Agreement);

       

        

      (d)         in connection with any Disposition permitted by
          Section 6.4; and

       

        

      (e)         in connection with any IPO Reorganization
          Transactions.

       

        

      Section 6.4       Limitation on Disposition of Property.  Dispose of any of its Property (including, without limitation, receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of
          the Borrower or any of its Subsidiaries, issue or sell any shares of the Borrower’s or such Subsidiary’s Capital Stock to any Person, except:

       

        

      (a)         the Disposition of obsolete, worn out or surplus
          Property or Property no longer used or useful in the business;

       

        

      (b)         to the extent constituting Dispositions,
          transactions permitted by Sections 6.2, 6.3 (other than Section 6.3(d)), 6.5 (other than Section 6.5(f)) or 6.6;

       

        

      
        87

        
          

      

      (c)         the sale or issuance of any Capital Stock of any
          Subsidiary of the Borrower to the Borrower or any Subsidiary Guarantor;

       

        

      (d)         the sale or issuance of any Capital Stock of any
          Subsidiary of the Borrower (other than a Subsidiary Guarantor) to any other Subsidiary of the Borrower;

       

        

      (e)         any Recovery Event, provided
          that the requirements of Section 2.11(b), if applicable, are complied with in connection therewith;

       

        

      (f)          the sale or other Disposition of inventory in the
          ordinary course of business;

       

        

      (g)         the sale or other Disposition of Capital Stock of
          the Borrower in connection with an IPO;

       

        

      (h)         (i) the sale or Disposition by Atlantic Energy
          Holdings LLC of Indebtedness of NFE North Distribution Limited and (ii) the issuance of Capital Stock by NFE North Distribution Limited, in each case in accordance with the Investor Agreements;

       

        

      (i)          (i) leases, subleases, licenses, sublicenses or
          charters of Property in the ordinary course of business and (ii) Dispositions of Intellectual Property that is no longer material to the business of such NFE Group Member;

       

        

      (j)          Dispositions by any NFE Group Member to any other
          NFE Group Member; provided that the gross proceeds from all Dispositions made by any Loan Party to any Non-Guarantor Subsidiary pursuant to this clause (j)
          shall not exceed $5,000,000 during the term of this Agreement;

       

        

      (k)         Dispositions of Property to the extent that
          (i) such Property is exchanged for credit against the purchase price of similar replacement Property or other Property used or useful in the business of the Borrower and its Subsidiaries or (ii) the proceeds of such Disposition are promptly
          applied to the purchase price of such replacement Property;

       

        

      (l)          Dispositions of Investments in joint ventures to
          the extent required by, or made pursuant to customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements;

       

        

      (m)        Dispositions of cash and Cash Equivalents in the
          ordinary course of business;

       

        

      (n)         Dispositions of Investments received in
          consideration of Dispositions permitted under this Section 6.4;

       

        

      (o)         Dispositions by any NFE Group Member the gross
          proceeds of which do not exceed an aggregate amount of $5,000,000 during the term of this Agreement;

       

        

      (p)         the sale or Disposition set forth in Schedule
          6.4(p);

       

        

      
        88

        
          

      

      (q)         any sale or Disposition arising in connection with
          any fundamental change permitted by Section 6.3(e); and

       

        

      (r)          any other Disposition of Property or assets by any
          NFE Group Member; provided that (i) at the time of such Disposition (other than any such Disposition made pursuant to a binding commitment entered into at a
          time when no Default or Event of Default exists), no Default or Event of Default shall exist or would result from such Disposition, (ii) the consideration for such Disposition shall be at least equal to the fair market value of such Property or
          assets at the time of such Disposition (or at the time such binding commitment is entered into) and (iii) at least 75% of such consideration shall be in cash or Cash Equivalents; provided that the amount of:

       

        

      
        
          (A)      any liabilities (as reflected on Holdings’s most recent consolidated balance sheet or in the footnotes thereto, or if incurred or accrued subsequent to the date of such balance sheet, such liabilities that would
              have been reflected on Holdings’s consolidated balance sheet or in the footnotes thereto if such incurrence or accrual had taken place on or prior to the date of such consolidated balance sheet, as determined in good faith by the Borrower) of
              any NFE Group Member, other than liabilities that are by their terms subordinated to the Term Loans, that are assumed by the transferee of any such assets (or are otherwise extinguished in connection with the transactions relating to such
              Asset Sale) and for which the Borrower and all such Subsidiaries have been validly released by all applicable creditors in writing;

           

            

        

      

      
        
          (B)      Indebtedness, other than liabilities that are by their terms subordinated to the Term Loans, of any NFE Group Member that is no longer an NFE Group Member as a result of such Disposition, to the extent that the
              NFE Group Members have been validly released from any Guarantee Obligation in respect of such Indebtedness in connection with such Disposition; and

           

            

        

      

      
        
          (C)      any Designated Non-Cash Consideration received by any NFE Group Member in such Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant
              to this clause (C), not to exceed $5,000,000 at the time of the
              receipt of such Designated Non-Cash Consideration, with the fair market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value,

           

            

        

      

      shall be deemed to be cash for purposes of this clause (iii)
          of this Section 6.4(q) and for no other purpose.

       

        

      Section 6.5       Limitation on Restricted Payments.  Declare or pay any dividend or other distribution on or with respect to, or make any payment on account of, or set apart assets for a sinking or other analogous
          fund for, the purchase, redemption, defeasance, retirement, cancellation, termination or other acquisition of, any Capital Stock of Holdings, the Borrower or any of its Subsidiaries, whether now or hereafter outstanding, or make any other payment
          on account of any return of capital to any such Person’s stockholders, partners or members (or the equivalent of any thereof), either directly or indirectly, whether in cash or property or in obligations of Holdings, the Borrower or any of its
          Subsidiaries (collectively, “Restricted Payments”), except that:

       

        

      
        89

        
          

      

      (a)         any Subsidiary of the Borrower or the Borrower may make Restricted Payments to any of Holdings, the Borrower or any of its Subsidiaries which owns the Capital Stock of such Subsidiary (so long as,
          with respect to any Restricted Payment made by a non-Wholly Owned Subsidiary, to Holdings, the Borrower or any Subsidiary of the Borrower and to each other owner of Capital Stock of such non-Wholly Owned Subsidiary based on their relative
          ownership interests of the relevant class of Capital Stock);

       

        

      (b)         any NFE Group Member may make Restricted Payments
          (x) payable in the Capital Stock (other than Disqualified Capital Stock not otherwise permitted by Section 6.1) of such Person and (y) in cash in lieu of fractional shares of such Capital Stock;

       

        

      (c)         any NFE Group Member may make Restricted Payments
          to any other NFE Group Member for the purpose of facilitating the application of all or any portion of any Net Cash Proceeds in connection with a reinvestment of such Net Cash Proceeds pursuant to Section 2.11 by any NFE Group Member;

       

        

      (d)         any non-Wholly Owned Subsidiary may make
          distributions to its partners or other equity holders in accordance with its partnership agreements, articles of incorporation or shareholder agreement, in each case, to the extent that such distributions are made on a pro rata basis to the NFE
          Group Members (based upon the percentage interests held) and each of the other partners or other equity holders of such Subsidiary;

       

        

      (e)         Restricted Payments by NFE North Distribution
          Limited made pursuant to the Consulting Agreement;

       

        

      (f)          to the extent constituting Restricted Payments, the
          NFE Group Members may enter into and consummate transactions permitted by any provision of Section 6.3, 6.4 (other than Section 6.4(b)), 6.6 or 6.7;

       

        

      (g)         Holdings may make Restricted Payments:

       

        

      
        
          (i)       to pay the operating costs and expenses of Parent incurred in the ordinary course of business and other corporate overhead costs and expenses of Parent (including administrative, legal, accounting and similar
              expenses provided by third parties), which are reasonable and customary and incurred in the ordinary course of business and attributable to the ownership or operations of Holdings, the Borrower, its Subsidiaries and any directors and officers
              liability insurance and reasonable and customary indemnification claims made by directors, managers or officers of Parent attributable to the ownership or operations of Holdings, the Borrower and  its Subsidiaries;

           

            

          
            90

            
              

          

        

      

      
        
          (ii)      to its equity holders with respect to any taxable period ending after the Closing Date for which Holdings is treated as a partnership or disregarded entity for U.S. federal income Tax purposes, in an aggregate
              amount equal to the product of (A) the taxable income of any direct or indirect owner of Holdings attributable to such owner’s interest in Holdings for such taxable period (determined, for any taxable period with respect to which Holdings is
              a disregarded entity, by treating Holdings as if it were a partnership) and (B) the highest combined marginal U.S. federal, state and local income tax rate applicable to any direct or indirect equity owner of Holdings for such taxable period
              (taking into account the character of the taxable income in question (ordinary income, long-term capital gain, qualified dividend income, etc.) and the deductibility of state and local income Taxes for U.S. federal income Tax purposes (and
              any applicable limitations thereon)).  Any distributions under this clause (ii) with respect to any taxable period may be made in quarterly installments during the course of such period using reasonable estimates of the anticipated aggregate
              amount of such distributions under this clause (ii) for such period, (A) with any excess of aggregate installments actually paid with respect to any such period over the actual amount of such distributions permitted under this clause (ii) for
              such period reducing the amount of distributions permitted under this clause (ii) with respect to the immediately subsequent period (and, to the extent such excess is not fully absorbed in the immediately subsequent period, the following
              period(s)) and (B) with any excess of the actual amount of such distributions permitted under this clause (ii) for such period over the aggregate installments actually paid with respect to any such period increasing the amount of
              distributions permitted under this clause (ii) with respect to the immediately subsequent period; and

           

            

        

      

      
        
          (iii)     the proceeds of which shall be used to pay customary salary, bonus and other benefits payable to officers and employees of Parent or any other direct or indirect parent company of Holdings to the extent such
              salaries, bonuses and other benefits are attributable to the ownership or operation of Holdings, the Borrower and its Subsidiaries;

           

            

        

      

      (h)         Holdings, the Borrower or any of its Subsidiaries
          may pay cash in lieu of fractional Capital Stock in connection with any dividend, split or combination thereof, any Permitted Acquisition or any Investment permitted by Section 6.6(n); and

       

        

      (i)          following an IPO, the IPO Entity may make cash
          payments to Holdings and/or each holder of common shares of Holdings pursuant to a customary tax receivable agreement.

       

        

      Section 6.6       Limitation on Investments.  Make or hold any Investment, except:

       

        

      (a)         extensions of trade credit (or notes receivable
          arising from such grant) and deposits, prepayments and other credits to suppliers made in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors or in
          connection with the bankruptcy or reorganization of suppliers or customers or in settlement of delinquent obligations of, or other disputes with, suppliers and customers, and other credits to suppliers in the ordinary course of business;

       

        

      
        91

        
          

      

      (b)         Investments in assets that were Cash Equivalents at
          the time such Investments were made;

       

        

      (c)         Investments arising in connection with the
          incurrence of Indebtedness, Liens, fundamental changes, Dispositions, Restricted Payments and sale/leaseback transactions permitted by Sections 6.1, 6.2, 6.3, 6.4, 6.5 and 6.9, respectively;

       

        

      (d)         Investments (other than those relating to the
          incurrence of Indebtedness permitted by clause (c)) by (i) any NFE Group Member in the Borrower or any Subsidiary Guarantor, (ii) any NFE Group Member in any Non-Guarantor Subsidiary not to exceed $35,000,000 and (ii) any Excluded Subsidiary in
          any other Excluded Subsidiary;

       

        

      (e)         Investments in an aggregate amount, when taken
          together with the Investments previously made pursuant this Section 6.6(e), not to exceed $10,000,000;

       

        

      (f)         extensions of credit or loans to, or the
          acquisition or purchase of Capital Stock of, any entity that is a party to any lease, charter or other contract with respect to the use or hire of vessels by any NFE Group Member, to the extent the Indebtedness incurred by such counterparty
          pursuant to such extension of credit or loan is used by such counterparty to finance the purchase, lease, improvement, development, construction, remanufacturing, refurbishment, handling and repositioning, maintenance or repair of assets that are
          used in the use or hire of vessels by any NFE Group Member pursuant to such contract;

       

        

      (g)         Investments existing on the Closing Date by any NFE
          Group Member in any other NFE Group Member and any modification, renewal or extension thereof; provided that the amount of any Investment permitted pursuant
          to this Section 6.6(g) is not increased from the amount of such Investment on the Closing Date except (A) by capitalized amounts related to unpaid accrued interest and premium, (B) pursuant to the terms of such Investment as of the Closing Date
          or (C) as otherwise permitted by this Section 6.6;

       

        

      (h)         promissory notes and other non-cash consideration
          received in connection with Dispositions permitted by Section 6.4;

       

        

      (i)          Permitted Acquisitions;

       

        

      (j)          Investments held by a Subsidiary of the Borrower
          acquired after the Closing Date or of a Person merged, amalgamated or consolidated with or into the Borrower or any Subsidiary of the Borrower in accordance with Section 6.3 to the extent that such Investments were not made in contemplation of or
          in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation;

       

        

      
        92

        
          

      

      (k)         Guaranties by any NFE Group Member of leases (other
          than Capital Leases) or other obligations that do not constitute Indebtedness, in each case entered into in the ordinary course of business;

       

        

      (l)          Investments consisting of Hedge Agreements to
          protect against changes in interest rates, commodity prices, foreign exchange rates, volumes or quantities in accordance with prudent industry practice;

       

        

      (m)        Investments in any property or equipment any portion
          of the purchase, lease, improvement, development, construction, remanufacturing, refurbishment, handling and repositioning or repair of which is financed with Non-Recourse Indebtedness incurred in reliance on Section 6.1(e);

       

        

      (n)         Investments the consideration for which is Capital
          Stock of Holdings (other than Disqualified Capital Stock) and proceeds thereof; and

       

        

      (o)         Investments pursuant to or in connection with the
          performance of the Investor Agreements.

       

        

      Section 6.7       Limitation on Optional Payments of Certain Other Indebtedness and Modifications of Certain Other Debt Instruments or Contracts.  (a) Make any optional or voluntary payment, prepayment, repurchase or
          redemption of, or otherwise voluntarily or optionally defease, any Indebtedness incurred pursuant to Sections 6.1(d), (e), (f), (j), (l) or  (m), or segregate funds for any such payment, prepayment, repurchase, redemption or defeasance (each a “Voluntary Prepayment”); (b) amend, modify or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any term of any agreement governing or
          related to Indebtedness permitted under Sections 6.1(d), (e), (f), (j), (k), (l) or (m) in a manner that is either materially adverse to the Lenders or not permitted
          by the applicable intercreditor agreement with respect thereto for the benefit of the Administrative Agent or the Lenders with respect to the Obligations; (c) amend its certificate of incorporation or other organizational documents in any manner
          that is materially adverse to the Lenders; or (d) enter into any amendment, waiver, supplement or modification of any Gas Contract that is materially adverse to the Lenders or assign any of its rights, interests or obligations under any Gas
          Contract to any Person (other than any assignment pursuant to or in connection with any surety in the ordinary course of business or that is required by applicable Law) without the prior written consent of the Administrative Agent and the
          Required Lenders.

       

        

      Section 6.8       Limitation on Transactions with Affiliates.  Enter into any transaction involving payments in excess of $5,000,000 in the aggregate during the term of this Agreement (other than the issuance,
          repurchase, retirement or acquisition of Management Equity and other employment and severance arrangements with officers and employees in the ordinary course of business and transactions pursuant to stock option plans and employee benefit plans
          and arrangements), including, without limitation, any purchase, sale, lease or exchange of Property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than Holdings, the Borrower or
          any Subsidiary of the Borrower, or any entity that becomes a Subsidiary of the Borrower as a result of such transaction), unless such transaction (or, if applicable, the series of related transactions to which such transaction is related) is upon
          terms no less favorable to Holdings, the Borrower or such Subsidiary, as the case may be, than it would obtain in a comparable arm’s-length transaction with a Person that is not an Affiliate, other than (a) the payment of customary fees and
          reasonable out-of-pocket costs to, and indemnities provided on behalf of, directors, officers, employees and consultants (including those with respect to the Parent) in the ordinary course of business, (b) Indebtedness permitted under Section
          6.1, Restricted Payments permitted under Section 6.5 and Investments permitted under Section 6.6, (c) the Transactions, (d) the transactions set forth on Schedule 6.8 and (e) any IPO Reorganization Transactions.

       

        

      
        93

        
          

      

      Section 6.9       Financial Covenant. For each period set forth below, permit the Debt Service Coverage Ratio (calculated on a Pro Forma Basis) for such period to be less than the amount set forth below opposite such
          period:

       

        

      	
              Period

            	
              Minimum Debt Service Coverage Ratio

            
	 	 
	
              July 1, 2019 – September 30, 2019

            	
              1.50:1.00

            
	 	 
	
              July 1, 2019 – December 31, 2019

            	
              1.50:1.00

            
	 	 
	
              July 1, 2019 – March 31, 2020

            	
              1.50:1.00

            
	 	 
	
              July 1, 2019 – June 30, 2020

            	
              1.50:1.00

            
	 	 
	
              October 1, 2019 – September 30, 2020

                  and each four fiscal quarter period ending after September 30, 2020

            	
              1.50:1.00

            

      

      

      Section 6.10     Limitation on Changes in Fiscal Periods.  Permit the fiscal year of the Borrower to end on a day other than December 31 or change any such Person’s method of determining fiscal quarters; provided, however, that, upon written notice to the Administrative Agent,
          the Borrower may change its fiscal year ending date or method of determining fiscal quarters to another date or method, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any
          adjustments to this Agreement that are necessary to reflect such change in fiscal year.

       

        

      
        94

        
          

      

      Section 6.11      Limitation on Negative Pledge Clauses.  Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to
          exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under any Guarantee Agreement, other than this Agreement and the other Loan
          Documents and except to the extent that any such agreement (a) exists as of the Closing Date or is a modification, amendment, restatement, replacement, refinancing, renewal or extension thereof, (b) is assumed by Holdings, the Borrower or any of
          its Subsidiaries in connection with any Permitted Acquisition or any Investment permitted by Section 6.6(n) or is binding on any Subsidiary of the Borrower at the time such Person becomes a Subsidiary of the Borrower (provided that such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary of the Borrower), (c) is an agreement governing Indebtedness permitted
          by Section 6.1 or any customary provisions in leases, subleases, licenses, sublicenses, contracts for management or development of Property, asset sale agreements, merger agreements, stock purchase agreements and other contracts restricting the
          same, (d) is an agreement governing any non-Wholly Owned Subsidiary or joint venture or a Contractual Obligation of any non-Wholly Owned Subsidiary or joint venture, (e) relates to cash or other deposits (including escrowed funds) received by
          Holdings, the Borrower or any of its Subsidiaries or (f) relates to assets subject to Liens permitted by Sections 6.2(c), 6.2(d), 6.2(e), 6.2(f), 6.2(g), 6.2(h), 6.2(i), 6.2(j), 6.2(l), 6.2(p) or 6.2(r), provided that, (i) to the extent any such agreement is entered into after the Closing Date, such prohibition or limitation shall only be effective against the Property or Person (and its
          Subsidiaries) acquired in such Permitted Acquisition or Investment, securing such Indebtedness or that is the subject of such other leases, subleases, licenses, sublicenses, agreements, contracts, deposits or liens and (ii) solely with respect to
          any non-Wholly Owned Subsidiary or joint venture, such prohibition or limitation shall only be effective against the Property, revenues or Capital Stock of such non-Wholly Owned Subsidiary or joint venture.

       

        

      Section 6.12     Limitation on Restrictions on Subsidiary Distributions.  Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary of the Borrower to
          make Restricted Payments in respect of any Capital Stock of such Subsidiary held by the Borrower or any other Subsidiary of the Borrower, except for such encumbrances or restrictions existing under or by reason of (a) any restrictions existing
          under the Loan Documents, (b) any restrictions with respect to a Subsidiary of the Borrower imposed pursuant to an agreement that has been entered into in connection with the Disposition of all or substantially all of the Capital Stock or assets
          of such Subsidiary and (c) any agreement existing as of the Closing Date (or a modification, replacement, renewal or extension thereof) or that is assumed by Holdings, the Borrower or any of its Subsidiaries in connection with any Permitted
          Acquisition or any Investment permitted by Section 6.6(n) or is binding on any Subsidiary of the Borrower at the time such Person becomes a Subsidiary of the Borrower (provided
          that such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary of the Borrower), or that is an agreement governing Indebtedness permitted by Section 6.1 or any customary provisions in leases, subleases,
          licenses, sublicenses, contracts for management or development of Property, asset sale agreements, merger agreements, stock purchase agreements and other contracts restricting the same; provided that,
          (x) to the extent any such agreement is entered into after the Closing Date, such encumbrance or restriction shall only be effective against (i) the Property or Person (and its Subsidiaries) acquired in such Permitted Acquisition or Investment,
          securing such Indebtedness or that is the subject of such Disposition or other leases, subleases, licenses, sublicenses, agreements or contracts, and (ii) the distributions of any Subsidiary of the Borrower (provided that such Subsidiary shall not have any assets other than such assets to be Disposed of or acquired or financed) and (y) solely with respect to any non-Wholly Owned Subsidiary or
          joint venture, such encumbrance or restriction shall only be effective against such non-Wholly Owned Subsidiary or joint venture.

       

        

      
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      Section 6.13     Limitation on Activities of Holdings.  In the case of Holdings, notwithstanding anything to the contrary in this Agreement or any other Loan Document, (i) directly conduct, transact or otherwise
          engage in any material business or operations other than those incidental to its ownership of interests in the Borrower, the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such
          maintenance), the filing of tax returns and payment of taxes, the provision of sureties, the preparation of reports to Governmental Authorities and its shareholders or partners, and the opening and maintenance of bank accounts and the deposit of
          cash and cash equivalents therein (ii) incur, create, assume or suffer to exist any Indebtedness or financial obligations other than in connection with the activities described in clause (i), except (w) any guarantee obligations permitted to be
          incurred hereunder, (x) nonconsensual obligations imposed by operation of law, (y) pursuant to the Loan Documents to which it is a party and (z) obligations with respect to its Capital Stock, or (iii) directly own, lease, manage or otherwise
          operate any properties or assets (including cash and cash equivalents) other than the ownership of interests in the Borrower and in connection with the activities described in clause (i) or any IPO or IPO Reorganization Transactions.

       

        

      Section 6.14     Plans.  Establish, maintain or operate any Pension Plan, Multiemployer Plan or Foreign Employee Benefit Plan (other than a government sponsored plan).

       

        

      Section 6.15     Anti-Money Laundering and Anti-Corruption Laws; Sanctions.  Fail to comply in all material respects with the Laws referred to in Section 3.22.

       

        

      SECTION 7.     EVENTS OF DEFAULT

       

        

      Section 7.1       Events of Default.  Each of the following events shall constitute an “Event of Default”:

       

        

      (a)         the Borrower shall fail to pay any principal of any
          Term Loan when due in accordance with the terms hereof; or the Borrower shall fail to pay any interest on any Term Loan, or any other amount payable hereunder or under any other Loan Document, within five Business Days after any such interest or
          other amount becomes due in accordance with the terms hereof or thereof; or

       

        

      (b)         any representation or warranty made or deemed made
          by any Loan Party herein or in any other Loan Document or that is contained in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall
          prove to have been incorrect in any material respect on or as of the date made or deemed made; or

       

        

      (c)         (i) any Loan Party shall default in the observance
          or performance of any agreement contained in clause (i) of Section 5.4(a) (with respect to the Borrower only), Section 5.7(a), Section 5.12, Section 5.13 or Section 6 (other than Section 6.9); or

       

        

      
        
          (ii) any Loan Party shall default in the
              observance or performance of any agreement contained in Section 6.9; provided that any Event of Default with respect to Section 6.9 is subject to cure as
              provided in Section 7.3; or

        

      

       

        

      (d)         any Loan Party shall default in the observance or
          performance of any other agreement contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of 30 days after the earlier
          of (i) the date on which a Responsible Officer of any NFE Group Member obtains knowledge of such default and (ii) the date on which the Borrower has received written notice of such default from the Administrative Agent, or if such default is of a
          nature that it cannot with reasonable effort be completely remedied within said period of 30 days, such additional period of time as may be reasonably necessary to cure same, provided that the applicable Loan Party commences such cure within such 30 day period and diligently prosecutes same, until completion, but in no event shall such extended period exceed 60 days; or

       

        

      
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      (e)         any NFE Group Member shall (i) default in making
          any payment of any principal of any Indebtedness (including, without limitation, any Guarantee Obligation or Hedge Agreement, but excluding the Term Loans and any Non-Recourse Indebtedness) on the scheduled due date with respect thereto;
          (ii) default in making any payment of any interest on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; or (iii) default in the observance or performance
          of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist (other than (A) the voluntary sale or
          transfer of any asset securing such Indebtedness, (B) a refinancing of such Indebtedness permitted to be incurred pursuant to Section 6.1, (C) a drawing by a beneficiary under a letter of credit that gives rise to a reimbursement obligation in
          respect thereof in accordance with the terms of such Indebtedness and (D) an issuance of capital stock, incurrence of other Indebtedness or sale or other disposition of any assets, in each case that gives rise to mandatory prepayment with the net
          cash proceeds thereof, so long as such event shall not have otherwise resulted in an event of default with respect to such Indebtedness), the effect of which default or other event or condition is to cause, or with respect to any Indebtedness, to
          permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or to become
          subject to a mandatory offer to purchase by the obligor thereunder or (in the case of any such Indebtedness constituting a Guarantee Obligation) to become payable; provided
          that a default, event or condition described in clause (i), (ii) or (iii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described in
          clauses (i), (ii) and (iii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness, with respect to any individual transaction, the outstanding principal amount of which exceeds $10,000,000; or

       

        

      (f)          (i) any NFE Group Member shall commence any case,
          proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization, arrangement or relief of debtors, seeking to have an order for relief entered with
          respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, except as permitted under
          Section 6.3(b) or Section 6.3(c), or (B) seeking appointment of a receiver, trustee, custodian, conservator, receiver and manager, liquidator, sequestrator, monitor, or other similar official for it or for all or any substantial part of its
          assets, or any NFE Group Member shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any NFE Group Member any case, proceeding or other action of a nature referred to in clause (i) above that
          (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged, unstayed or unbonded for a period of 60 days; or (iii) there shall be commenced against any NFE Group Member any
          case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief that shall not have
          been paid, vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) any NFE Group Member shall consent to, approve of, or acquiesce in, any of the acts set forth in clause (i), (ii), or (iii) above; or
          (v) any NFE Group Member shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or

       

        

      
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      (g)         (i) any Person shall engage in any “prohibited
          transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Pension Plan, (ii) any failure to satisfy the minimum funding standard of Section 412 of the Code and Section 302 of ERISA, whether or not waived, shall
          exist with respect to any Pension Plan, or any Lien in favor of the PBGC or a Pension Plan shall arise on the assets of the Borrower or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall
          commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Pension Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the
          Required Lenders, likely to result in the termination of such Pension Plan for purposes of Title IV of ERISA, (iv) any Pension Plan shall terminate for purposes of Title IV of ERISA or (v) the Borrower or any Commonly Controlled Entity shall
          incur any liability in connection with a withdrawal from, or the Insolvency of, a Multiemployer Plan; and in each case in clauses (i) through (v) above, such event or condition results in or could reasonably be expected to result in a Material
          Adverse Effect; or

       

        

      (h)         one or more judgments or decrees shall be entered
          against any NFE Group Member involving for the NFE Group Members taken as a whole a liability (to the extent not paid or covered by insurance as to which the relevant insurance company has not denied coverage in writing) of $10,000,000 or more,
          and all such judgments or decrees shall not have been paid, vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof; or

       

        

      (i)          any of the Security Documents shall cease, for any
          reason (other than by reason of the express release thereof pursuant to Section 8.10 or the terms thereof or the failure of the Administrative Agent to file continuation statements or take any other actions required to be taken by the
          Administrative Agent under the Loan Documents), to be in full force and effect, or any Loan Party or any Affiliate of any Loan Party shall so assert in writing, or any Lien created by any of the Security Documents shall cease for any reason
          (other than by reason of the express release thereof pursuant to Section 8.10 or the terms thereof or by the failure of the Administrative Agent to file continuation statements or take any other actions required to be taken by the Administrative
          Agent under the Loan Documents) to be valid, perfected, enforceable and of the same effect and priority purported to be created thereby with respect to any of the Collateral, or any Loan Party or any Affiliate of any Loan Party shall so assert in
          writing; or

       

        

      
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      (j)          the guarantee contained in any Guarantee Agreement
          shall cease, for any reason (other than by reason of the express release thereof pursuant to Section 8.10 or the terms thereof), to be in full force and effect or any Loan Party or any Affiliate of any Loan Party shall so assert in writing; or

       

        

      (k)         any Change of Control shall occur.

       

        

      If any Event of Default shall have occurred and be continuing, then, and in any such event, (A) if such event is an Event of Default specified
          in clause (i) or (ii) of paragraph (f) above with respect to the Borrower, the Term Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents shall automatically and immediately
          become due and payable, and (B) if such event is any other Event of Default, with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the
          Borrower, declare the Term Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable.

       

        

      Section 7.2       Application of Proceeds.  All proceeds collected by the Administrative Agent upon any collection, sale, foreclosure or other realization upon any Collateral (including without limitation any
          distribution pursuant to a plan of reorganization), including any Collateral consisting of cash, shall be applied as follows:

       

        

      
        
          FIRST, to the payment of all costs and expenses incurred by the Administrative Agent (in its capacity as such hereunder or under any other Loan Document) in connection with such collection, sale, foreclosure or
              realization or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by the
              Administrative Agent hereunder or under any other Loan Document on behalf of any Loan Party and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document;

           

            

        

      

      
        
          SECOND, to the payment in full of all Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Obligations owed to them on the date of any such
              distribution);

           

            

        

      

      
        
          THIRD, to the Loan Parties, their successors or assigns, or as a court of competent jurisdiction may otherwise direct.

           

            

          
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      In addition, in the event that the Administrative Agent receives any non-cash distribution upon any collection, sale,
          foreclosure or other realization upon any Collateral, such non-cash distribution shall be allocated in the manner described above, with the value of such non-cash distribution being reasonably determined by the Administrative Agent; provided that the Administrative Agent shall apply any cash
          distribution in accordance with this Section 7.2 prior to application of any such non-cash distribution.  The Administrative Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance
          with this Agreement.  Upon any sale of Collateral by the Administrative Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Administrative Agent or of the officer making the sale
          shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Administrative Agent or
          such officer or be answerable in any way for the misapplication thereof.

       

        

      Section 7.3       Right to Cure.

       

        

      (a)          Notwithstanding anything to the contrary contained
          in Section 7.1, in the event that the Loan Parties fail to comply with the requirements of Section 6.9 (if applicable) as of the last day of any applicable fiscal quarter of Holdings, at any time after the beginning of such fiscal quarter (but in
          any event after the date hereof) until the expiration of the tenth Business Day following the date on which financial statements with respect to such fiscal quarter (or the fiscal year ended on the last day of such fiscal quarter, as applicable)
          are required to be delivered pursuant to Section 5.1(a) or (b), as applicable, Holdings shall have the right to issue Qualified Equity Interests for cash or otherwise receive cash contributions to the capital of Holdings as cash common equity or
          other Qualified Equity Interests (collectively, the “Cure Right”), and upon receipt by Holdings of the Net Cash Proceeds of such issuance (the “Cure Amount”) pursuant to the exercise by Holdings of such Cure Right, the Debt Service Coverage Ratio, for purposes of determining compliance with the
          requirements of Section 6.9, shall be recalculated giving effect to the following pro forma adjustment:

       

        

      
        
          (i)     Consolidated Operating EBITDA shall be increased with respect to such applicable fiscal quarter and any four fiscal quarter period that contains such fiscal quarter solely for the purpose of measuring the Debt
              Service Coverage Ratio to determine compliance with the requirements of Section 6.9 and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; and

           

            

        

      

      
        
          (ii)     if, after giving effect to the foregoing pro forma adjustment (without giving effect to any repayment of any Indebtedness with any portion of the Cure Amount or any portion of the Cure Amount on the balance sheet
              of Holdings and its Subsidiaries, in each case, with respect to such fiscal quarter only), the Loan Parties shall be in compliance with the requirements of Section 6.9, Holdings shall be deemed to have satisfied the requirements of Section
              6.9 as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of Section 6.9 that had occurred shall be deemed to be cured for
              purposes of this Agreement;

          

          

        

      

      provided, that the Borrower shall have notified the
          Administrative Agent of the exercise of such Cure Right within five Business Days of the issuance of the relevant Qualified Equity Interests for cash or the receipt of the cash contributions by Holdings.

       

        

      
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      (b)         Notwithstanding anything herein to the contrary,
          (i) in each four consecutive fiscal quarter period of Holdings, there shall be at least two fiscal quarters in which the Cure Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be exercised more than four
          times and (iii) for purposes of this Section 7.3, the Cure Amount shall be no greater than the amount required for purposes of complying with the covenant set forth in Section 6.9 and any amounts in excess thereof shall not be deemed to be a Cure
          Amount.  Notwithstanding anything herein to the contrary, any Cure Amount received pursuant to any exercise of the Cure Right shall be disregarded for purposes of determining the availability of any basket under Section 6.  For the avoidance of
          doubt, no Cure Amounts shall be applied to reduce the Indebtedness of Holdings and its Subsidiaries on a Pro Forma Basis for purposes of determining compliance with the covenant set forth in Section 6.9 for the fiscal quarter in which such Cure
          Right was exercised (provided that to the extent such Cure Amount was applied to prepay Indebtedness, such reduction may be given effect in determining
          compliance with the covenant set forth in Section 6.9 for fiscal quarters after the fiscal quarter in which such Cure Right was exercised) and there shall not have been a breach of any covenant under Section 6 solely by reason of having no longer
          included such Cure Amount in any basket during the relevant period.

       

        

      SECTION 8.      THE ADMINISTRATIVE AGENT

       

        

      Section 8.1        Appointment and Authority.

       

        

      (a)         Each of the Lenders hereby irrevocably appoints
          Morgan Stanley to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the
          Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.  The provisions of this Section 8.1 are solely for the benefit of the Administrative Agent and the Lenders, and none
          of the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions (except as provided in Section 8.6 below).

       

        

      (b)         The Administrative Agent shall also act as the
          collateral agent under the Loan Documents, and each of the Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens on
          Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto.  In this connection, the Administrative Agent, as collateral agent, and any co-agents,
          sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.5 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any
          rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Section 8 and Section 9 (including Section 9.5(b), as though such co-agents, sub-agents and attorneys-in-fact
          were the collateral agent under the Loan Documents) as if set forth in full herein with respect thereto.

       

        

      
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      Section 8.2       Rights as a Lender.  The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though
          it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual
          capacity.  Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with Holdings, the Borrower or any Subsidiary or
          other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

       

        

      Section 8.3       Exculpatory Provisions.  The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents.  Without limiting the generality of
          the foregoing, the Administrative Agent:

       

        

      (a)         shall not be subject to any fiduciary or other
          implied duties, regardless of whether a Default has occurred and is continuing;

       

        

      (b)         shall not have any duty to take any discretionary
          action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders
          (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of
          its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law;

       

        

      (c)         shall not, except as expressly set forth herein and
          in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the
          Administrative Agent or any of its Affiliates in any capacity;

       

        

      (d)         shall not be liable for any action taken or not
          taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the
          circumstances as provided in Sections 9.1 and 7.1) or (ii) in the absence of its own gross negligence, bad faith or willful misconduct.  The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice
          describing such Default is given to the Administrative Agent by the Borrower or a Lender;

       

        

      (e)         shall not be responsible for or have any duty to
          ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or
          in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
          effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the
          sufficiency of any Collateral, (vi) perfecting, maintaining, monitoring, preserving or protecting the security interest or lien (including the priority thereof) granted under this Agreement, any other Loan Document or any agreement or instrument
          contemplated hereby or thereby, (vii) the filing, re-filing, recording, re-recording or continuing of any document, financing statement, mortgage, assignment, notice, instrument of further assurance or other instrument in any public office at any
          time or times, (viii) providing, maintaining, monitoring or preserving insurance on or the payment of Taxes with respect to any of the Collateral or (ix) the satisfaction of any condition set forth in Section 4 or elsewhere herein, other than to
          confirm receipt of items expressly required to be delivered to the Administrative Agent;

       

        

      
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      (f)          shall not be required to qualify in any
          jurisdiction in which it is not presently qualified to perform its obligations as Agent; and

       

        

      (g)         shall not be required to (i) expend or risk its own
          funds or provide indemnities in the performance of any of its duties hereunder or the exercise of any of its rights or powers, or (ii) otherwise incur any financial liability in the performance of its duties hereunder or the exercise of any of
          its rights or powers, except for such expense, indemnity or liability, if any, arising out of the Administrative Agent’s gross negligence, bad faith or willful misconduct in the performance of its duties hereunder or under any other Loan
          Document, as determined by a judgment of a court of competent jurisdiction.

       

        

      No requirement in any Loan Document for a Loan Party to provide evidence, opinion, information, documentation or other
          material requested or required by the Administrative Agent shall be construed to mean that the Administrative Agent has any responsibility to request or require such evidence, opinion, information, documentation or other material.  No Lender
          shall assert, and each Lender hereby waives, any claim against the Administrative Agent, including any predecessor agent, its sub-agents and their respective Affiliates in respect of any action taken or omitted to be taken by any of them, on any
          theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument
          contemplated hereby or thereby, the transactions contemplated hereby or thereby, any Term Loan or the use of the proceeds thereof.

       

        

      Section 8.4       Reliance by Administrative Agent.  The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement,
          instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person.  The
          Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon.  In determining compliance with any
          condition hereunder to the making of a Term Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall
          have received notice to the contrary from such Lender prior to the making of such Term Loan.  The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower or any Lender), independent accountants and other experts,
          and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

       

        

      
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      Section 8.5       Delegation of Duties.  The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more
          sub-agents appointed by the Administrative Agent.  The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties.  The exculpatory
          provisions of this Section 8 shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facility
          provided for herein as well as activities as Administrative Agent.

       

        

      Section 8.6       Resignation of Administrative Agent.  The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrower.  Upon receipt of any such notice of resignation, the
          Required Lenders shall have the right, with the consent of the Borrower (not to be unreasonably withheld or delayed) unless an Event of Default under Section 7.1(a) or (f) is continuing, to appoint a successor, which shall be a bank with an
          office in the United States, or an Affiliate of any such bank with an office in the United States, in each case other than a Disqualified Lender.  If no such successor shall have been so appointed by the Required Lenders and shall have accepted
          such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, with the consent of the Borrower (not to be unreasonably withheld or
          delayed) unless an Event of Default under Section 7.1(a) or (f) is continuing, appoint a successor Administrative Agent meeting the qualifications set forth above; provided
          that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring
          Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the
          Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (b) all payments, communications and determinations provided to be made by, to
          or through the Administrative Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section.  Upon the acceptance of a successor’s
          appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall
          be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section).  The fees payable by the Borrower to a successor Administrative Agent shall
          be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.  After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Section 8
          and Section 9.5 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring
          Administrative Agent was acting as Administrative Agent.

       

        

      
        104

        
          

      

      Section 8.7       Non-Reliance on Administrative Agent and Other Lenders.  Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their
          Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.  Each Lender also acknowledges that it will, independently and without reliance upon
          the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or
          based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

       

        

      Section 8.8       No Other Duties, Etc.  Anything herein to the contrary notwithstanding, the Arrangers shall not have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents,
          except in their capacities, as applicable, as the Administrative Agent or a Lender hereunder.

       

        

      Section 8.9       Administrative Agent May File Proofs of Claim.  In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative
          Agent (irrespective of whether the principal of any Term Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall
          be entitled and empowered, by intervention in such proceeding or otherwise:

       

        

      (a)         to file and prove a claim for the whole amount of
          the principal and interest owing and unpaid in respect of the Term Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the
          Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the
          Administrative Agent under Sections 2.8 and 9.5) allowed in such judicial proceeding; and

       

        

      (b)         to collect and receive any monies or other property
          payable or deliverable on any such claims and to distribute the same;

       

        

      and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
          authorized by each Lender to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the
          reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.8 and 9.5.

       

        

      
        105

        
          

      

      Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
          Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender or in any such proceeding.

       

        

      Section 8.10     Collateral and Guaranty Matters; Rights Under Hedge Agreements.

       

        

      (a)         Each of the Lenders irrevocably authorizes the
          Administrative Agent to release or evidence the release of any Lien on any property granted to or held by the Administrative Agent under any Loan Document, to release any Guarantor from its obligations under a Guarantee Agreement or any Loan
          Document or to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document, in each case as provided in Section 9.20.

       

        

      (b)         Upon request by the Administrative Agent at any
          time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Loan Documents
          pursuant to Section 9.20.

       

        

      (c)         No Secured Hedge Agreement will create (or be
          deemed to create) in favor of any Lender Counterparty that is a party thereto any rights to manage or release any Collateral or of the obligations of any Guarantor under the Loan Documents except as expressly provided in Section 9.1(b)(viii).  By
          accepting the benefits of the Collateral, such Lender Counterparty shall be deemed to have appointed the Administrative Agent as its agent and agreed to be bound by the Loan Documents as a Secured Party, subject to the limitations set forth in
          this clause (c).

       

        

      Section 8.11      Withholding Taxes.  To the extent required by any applicable Requirements of Law, the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable
          withholding Tax except to the extent that such Lender has established an exemption from or reduction of such withholding Tax by complying with the requirements of paragraph (f) or (g) of Section 2.17 or that such Tax has been withheld by a Loan
          Party.  Without limiting or expanding the provisions of Section 2.17, each Lender shall indemnify the Administrative Agent against, and shall make payable in respect thereof within thirty (30) days after demand therefor, any and all Taxes and any
          and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the Internal Revenue Service or any other
          Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of such Lender for any reason (including, without limitation, because the appropriate form was not
          delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of, withholding Tax ineffective).  A certificate as to the amount of
          such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error.  Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such
          Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 8.11.  The agreements in this Section 8.11 shall survive the resignation and/or replacement of the Administrative Agent, any
          assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations.

       

        

      
        106

        
          

      

      Section 8.12     Intercreditor and Subordination Agreements.  Each Lender hereby irrevocably appoints, designates and authorizes the Administrative Agent to enter into any intercreditor or subordination agreement
          pertaining to any subordinated debt or other debt secured by the Collateral or any portion thereof on its behalf and to take such action on its behalf under the provisions of any such agreement.

       

        

      SECTION 9.      MISCELLANEOUS

       

        

      Section 9.1       Amendments and Waivers.  Neither this Agreement or any other Loan Document, nor any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this
          Section 9.1.  The Required Lenders, the Borrower and each other Loan Party which is a party to the relevant Loan Document may, or (with the written consent of the Required Lenders) the Administrative Agent, the Borrower and each other Loan Party
          which is a party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan Documents (including amendments and restatements hereof or thereof) for the
          purpose of adding or removing any provisions to this Agreement or the other Loan Documents or changing in any manner the rights and obligations of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and
          conditions as may be specified in the instrument of waiver, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that the Administrative Agent may, with the consent of Holdings and the Borrower only and without the need to
          obtain the consent of any Lender, amend, supplement or modify this Agreement or any other Loan Document to cure any ambiguity, omission, defect or inconsistency, so long as such amendment, supplement or modification does not adversely affect the
          rights of any Lender or the Lenders shall have received at least five Business Days’ prior written notice thereof and Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written
          notice from the Required Lenders stating that the Required Lenders object to such amendment; provided further, however, that no such waiver and no such amendment, supplement or modification shall:

       

        

      
        
          (i)         forgive the principal amount of any Term Loan, extend the final scheduled date of maturity of any Term Loan, reduce the stated rate of any interest (subject to Section 2.15), fee or premium payable under this
              Agreement (except (x) in connection with the waiver of applicability of any post-default increase in interest rates (which waiver shall be effective with the consent of the Required Lenders), and (y) that any amendment or modification of
              defined terms used in the financial ratios in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any Installment payment, extend the time for
              payment of any interest, fees or premium or increase the amount or extend the expiration date of any Commitment of any Lender, in each case without the consent of each Lender directly and adversely affected thereby;

           

            

          
            107

            
              

          

        

      

      
        
          (ii)        amend, modify or waive any provision of this Section 9.1, without the consent of each Lender, or, except as contemplated by the last paragraph of this Section 9.1, reduce any percentage specified in the
              definition of Required Lenders or reduce the consent required under any provision pursuant to which the consent of Required Lenders is necessary, in each case without the consent of each Lender directly affected thereby;

           

            

        

      

      
        
          (iii)        consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan Documents without the consent of each Lender;

           

            

        

      

      
        
          (iv)        amend, modify or waive any provision of Section 8, or any other provision affecting the rights, duties or obligations of the Administrative Agent, without the consent of the Administrative Agent;

           

            

        

      

      
        
          (v)         amend, modify or waive any provision of Section 2.14 without the consent of each Lender directly affected thereby;

           

            

        

      

      
        
          (vi)        except upon satisfaction of the Termination Conditions, release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender;

           

            

        

      

      
        
          (vii)      release all or substantially all of the value of the Guarantee Agreements, without the written consent of each Lender, except (A) to the extent the release of any Subsidiary of the Borrower from a Guarantee
              Agreement is permitted pursuant to Section 9.20 (in which case such release may be made without the consent of any Lender) or (B) upon satisfaction of the Termination Conditions; or

           

            

        

      

      
        
          (viii)     amend, modify or waive any provision of this Agreement or the Security Agreement so as to alter the ratable treatment of Obligations arising under the Loan Documents and Obligations arising under Secured Hedge
              Agreements or the definitions of “Lender Counterparty,” “Secured Hedge Agreement” or “Obligations” (with respect to the treatment of obligations under Secured Hedge Agreements) in each case in a manner adverse to any Lender Counterparty with
              Obligations then outstanding without the written consent of any such Lender Counterparty;

           

            

        

      

      provided, further, that any Loan Document may be waived, amended, supplemented or modified pursuant to an agreement or agreements in writing entered into by Holdings, the Borrower and the Administrative Agent
          (without the consent of any Lender) solely to grant a new Lien for the benefit of the Secured Parties or extend an existing Lien over additional property.

       

        

      
        108

        
          

      

      Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be
          binding upon the Loan Parties, the Lenders, the Administrative Agent and all future holders of the Term Loans.  In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and
          rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any
          right consequent thereon.  Any such waiver, amendment, supplement or modification shall be effected by a written instrument signed by the parties required to sign pursuant to the foregoing provisions of this Section 9.1; provided that delivery of an executed signature page of any such instrument by facsimile transmission shall be effective as delivery of a manually executed counterpart thereof.

       

        

      Notwithstanding the foregoing, Guarantee Agreements, Security Documents and related documents executed in connection with
          this Agreement may be in a form reasonably determined by the Administrative Agent and may be, together with this Agreement, amended and waived with the consent of the Administrative Agent, Holdings and the Borrower only and without the need to
          obtain the consent of any Lender if such amendment or waiver is delivered solely to the extent necessary to (A) comply with local Law or advice of local counsel or (B) cause such Guarantee Agreement, Security Document or related document to be
          consistent with this Agreement and the other Loan Documents.

       

        

      Section 9.2       Notices.  Except as otherwise provided in Section 2.6(c), all notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telefacsimile),
          and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of telefacsimile notice, when received,
          addressed (a) in the case of Holdings, the Borrower and the Administrative Agent, as follows, (b) in the case of any Lender, as indicated to the Administrative Agent in writing or, in the case of a Lender which becomes a party to this Agreement
          pursuant to an Assignment and Acceptance, in such Assignment and Acceptance or (c) in the case of any party, to such other address as such party may hereafter notify to the other parties hereto:

       

        

      	
              Holdings and the Borrower:

            	
              c/o NFE Atlantic Holdings LLC

            
	 	
              111 W 19th Street, 8th Floor

            
	 	
              New York, New York 10011

            
	 	
              Attention:  General Counsel

            
	 	
              Telephone:  (516) 268-7400

            
	 	
              E-mail:  legal@newfortressenergy.com

            
	 	 
	
              with a copy to:

            	
              Fortress Investment Group LLC

            
	 	
              1345 Avenue of the Americas

            
	 	
              New York, New York 10105

            
	 	
              Attention:  R. Nardone

            
	 	
              Telephone:  (212) 798-6110

            
	 	 
	
              with a copy to:

            	
              Cravath, Swaine & Moore LLP

            
	 	
              Worldwide Plaza

            
	 	
              825 Eighth Avenue

            
	 	
              New York, NY 10019

            
	 	
              Attention:  George E. Zobitz

            
	 	
              Telephone:  (212) 474-1996

            
	 	
              Email: jzobitz@cravath.com

            

      

      

      
        109

        
          

      

      	
              The Administrative Agent:

            	
              Morgan Stanley Senior Funding, Inc., as Administrative Agent

            
	 	
              1300 Thames Street, 4th Floor

            
	 	
              Thames Street Wharf

            
	 	
              Baltimore, MD  21231

            
	 	
              Attention: Morgan Stanley Agency Team

            
	 	
              Telephone: (917) 260-0588

            
	 	
              E-mail:agency.borrowers@morganstanley.com

            

       

        

      Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications
          pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Section 1.6 unless otherwise
          agreed by the Administrative Agent and the applicable Lender.  The Administrative Agent, or the Borrower may, in their discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
          procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

       

        

      Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall
          be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment) and (ii) notices and other
          communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication
          is available and identifying the website address therefore; provided that, for both clauses (i) and (ii) above, if such notice or other communication is not
          sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient.

       

        

      THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR
          COMPLETENESS OF THE MATERIALS AND/OR INFORMATION PROVIDED BY OR ON BEHALF OF THE BORROWER HEREUNDER (“BORROWER MATERIALS”) OR THE ADEQUACY OF THE PLATFORM, AND
          EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
          PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to Holdings, the Borrower, any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind
          (whether in tort, contract or otherwise) arising out of Holdings’, the Borrower’s or the Administrative Agent’s transmission of materials and/or information provided by or on behalf of the Borrower hereunder through the Internet, except to the
          extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Agent
          Party; provided, however, that in no event shall any Agent Party have
          any liability to Holdings, the Borrower, any Lender or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

       

        

      
        110

        
          

      

      Section 9.3       No Waiver; Cumulative Remedies.  No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or under the
          other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power
          or privilege.  The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

       

        

      Section 9.4       Survival of Representations and Warranties.  All representations and warranties made herein, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in
          connection herewith shall survive the execution and delivery of this Agreement and the making of the Term Loans and other extensions of credit hereunder.

       

        

      
        111

        
          

      

      Section 9.5       Payment of Expenses; Indemnification.

       

        

      (a)          The Borrower agrees (i) to pay or reimburse each of
          the Agents and the Arrangers for all their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Term Loan Facility (other than fees payable to syndicate members) and the development, negotiation,
          preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the
          transactions contemplated hereby and thereby, including, without limitation, the reasonable and documented fees and disbursements of a single law firm as counsel to the Agents and the Arrangers and one local counsel to the Agents in any relevant
          jurisdiction, (ii) to pay or reimburse each Lender and the Agents for all their reasonable and documented costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents
          and any other documents prepared in connection herewith or therewith, including, without limitation, the reasonable and documented fees and disbursements of a single law firm as counsel to the Lenders and the Agents taken as a whole and one local
          counsel to the Lenders and the Agents taken as a whole in any relevant material jurisdiction (or, with respect to enforcement, any relevant jurisdiction) and, if a conflict exists among such Persons and one additional primary counsel and, if
          necessary or advisable and one local counsel in each relevant jurisdiction, and (iii) to pay, indemnify or reimburse each Lender, the Agents, their respective Affiliates, and their respective officers, directors, trustees, employees, advisors,
          agents and controlling persons (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations,
          losses, damages, penalties, claims (including Environmental Claims), actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (limited to, in the case of counsel, the reasonable and documented fees and
          disbursements of a single law firm as counsel to the Indemnitees taken as a whole and one local counsel to the Indemnitees taken as a whole in any relevant jurisdiction and, if a conflict exists among such Persons and the Indemnitee affected by
          such conflict notifies the Borrower of the existence of such conflict, one additional primary counsel and, if necessary or advisable, one local counsel in each relevant jurisdiction) whether direct, indirect, special or consequential, incurred by
          an Indemnitee or asserted against any Indemnitee arising out of, or as a result of (A) the execution, enforcement or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the
          performance by the parties hereto or thereto of their respective obligations hereunder or thereunder, (B) any Term Loan or the use or proposed use of the proceeds thereof, (C) any actual or alleged presence or Release of Hazardous Materials on,
          at, under or from any property owned, occupied or operated by the Borrower or any of its Subsidiaries, or any liability under any Environmental Law related in any way to the Borrower or any of its Subsidiaries or any of their respective
          properties, or (D) any actual or prospective claim, litigation, investigation or proceeding arising out of, or as a result of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the
          Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (iii), collectively, the “Indemnified
              Liabilities”), but excluding, in each case, Taxes other than any Taxes that represent losses, damages, etc., arising from a non-tax claim; provided
          that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities (x) are found by a final and nonappealable decision of a court of competent jurisdiction to
          have resulted from the gross negligence, bad faith, willful misconduct or material breach of its obligations under this Agreement of such Indemnitee or any of its officers, directors, trustees, employees, advisors, agents and controlling persons
          or (y) resulted from any proceeding that does not involve an act or omission by the Borrower or any of its Affiliates, shareholders, partners or other equity holders and that is brought by an Indemnitee against another Indemnitee other than any
          claims against an Indemnitee in its capacity or in fulfilling its role as the Administrative Agent or an Arranger under the Term Loan Facility.  No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of
          information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons, except to the extent that such damages have resulted from the gross negligence, bad faith,
          willful misconduct or material breach of its obligations under this Agreement of such Indemnitee or any of its officers, directors, trustees, employees, advisors, agents and controlling persons.  No Indemnitee or Loan Party shall be liable for
          any special, indirect, consequential or punitive damages in connection with the Term Loan Facility; provided, however, that this sentence shall not otherwise affect the indemnification and reimbursement obligations of the Borrower in this Section 9.5.  Without limiting the foregoing, and to the extent
          permitted by applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with
          respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee
          other than those resulting from the gross negligence, bad faith, willful act or omission or material breach of its obligations under this Agreement of such Indemnitee or any of its officers, directors, trustees, employees, advisors, agents and
          controlling persons. All amounts due under this Section 9.5 shall be payable not later than 30 days after written demand therefor.  Statements payable by the Borrower pursuant to this Section 9.5 shall be submitted to the Chief Financial Officer,
          at the address of the Borrower set forth in Section 9.2, or to such other Person or address as may be hereafter designated by the Borrower in a notice to the Administrative Agent.  The agreements in this Section 9.5 shall survive the termination
          of the Commitments and the repayment of the Term Loans and all other amounts payable hereunder.

       

        

      
        112

        
          

      

      (b)         Reimbursement by Lenders.  To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) of this Section 9.5 to be paid by it to the Administrative
          Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Pro Rata Share
          (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may
          be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with
          such capacity.

       

        

      Section 9.6       Successors and Assigns; Participations and Assignments.

       

        

      (a)         This Agreement shall be binding upon and inure to
          the benefit of Holdings, the Borrower, the Lenders, the Administrative Agent, all future holders of the Term Loans and their respective successors and assigns, except that the Borrower may not assign or transfer any of their rights or obligations
          under this Agreement without the prior written consent of the Administrative Agent and each Lender.

       

        

      
        113

        
          

      

      (b)         Any Lender may, without the consent of the
          Borrower, in accordance with applicable Law, at any time sell to one or more banks, financial institutions or other entities (each, a “Participant”)
          participating interests in any Term Loan owing to such Lender, any Commitment of such Lender or any other interest of such Lender hereunder and under the other Loan Documents; provided, however, no Lender shall be permitted to sell any such participating interest to (i) any of the Permitted Investors,
          any of their respective Affiliates or any of their respective associated investment funds,  (ii) a natural person or (iii) any Disqualified Lender.  In the event of any such sale by a Lender of a participating interest to a Participant, such
          Lender’s obligations under this Agreement to the other parties to this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Term Loan for all
          purposes under this Agreement and the other Loan Documents, and the Borrower and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and
          the other Loan Documents.  In no event shall any Participant under any such participation have any right to approve any amendment or waiver of any provision of any Loan Document, or any consent to any departure by any Loan Party therefrom, except
          to the extent that such amendment, waiver or consent would require the consent of all Lenders pursuant to Section 9.1.  The Borrower agrees that if amounts outstanding under this Agreement and the Term Loans are due or unpaid, or shall have been
          declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall, to the maximum extent permitted by applicable law, be deemed to have the right of setoff in respect of its participating interest in
          amounts owing under this Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement; provided
          that, in purchasing such participating interest, such Participant shall be deemed to have agreed to share with the Lenders the proceeds thereof as provided in Section 9.7(a) as fully as if such Participant were a Lender hereunder.  The Borrower
          also agrees that each Participant shall be entitled through the Lender granting the participation to the benefits of Sections 2.15, 2.16 or 2.17 (subject to the requirements and limitations of such Sections, Section 2.18 and 2.19, including the
          requirements of Section 2.17(f) through (i) (it being agreed that any required forms shall be provided solely to the participating Lender)) with respect to its participation in the Commitments and the Term Loans outstanding from time to time as
          if such Participant were a Lender; provided that no Participant shall be entitled to receive any greater amount pursuant to any such Section than the
          transferor Lender would have been entitled to receive in respect of the amount of the participation transferred by such transferor Lender to such Participant had no such transfer occurred, except to the extent that entitlement to a greater amount
          results from a change in Law that occurs after such Participant acquires the applicable participation, unless such transfer was made with the Borrower’s prior written consent (which consent shall not be unreasonably withheld or delayed).  Each
          Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal and interest amounts of each
          Participant’s interest in the Term Loans held by it (the “Participant Register”).  The entries in the Participant Register shall be conclusive, absent manifest
          error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of the participation in question for all purposes of this Agreement, notwithstanding notice to the contrary. No Lender shall have any
          obligation to disclose all or any portion of a Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any
          Loan Document) to any Person except to the extent such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury
          Regulations.

       

        

      
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      (c)         Any Lender (an “Assignor”)

          may, in accordance with applicable Law and the written consent of the Administrative Agent (which shall not be unreasonably withheld or delayed, and which consent shall not be required in connection with an assignment made by or to an Arranger)
          and, so long as no Event of Default under Section 7.1(a) or (f) has occurred and is continuing, the Borrower (which shall not be unreasonably withheld or delayed, and which consent shall not be required in connection with an assignment made to an
          Arranger) (provided that the Borrower shall be deemed to have consented to any such assignment unless they shall object thereto by written notice to the
          Administrative Agent within ten Business Days after having received notice thereof), at any time and from time to time assign to any Lender or any Affiliate, Related Fund or Control Investment Affiliate thereof, or to an additional bank,
          financial institution or other entity (an “Assignee”) all or any part of its rights and obligations under this Agreement pursuant to an Assignment and
          Acceptance executed by such Assignee and such Assignor and delivered to the Administrative Agent for its acceptance and recording in the Register; provided
          that assignments made to any Lender, an Affiliate of a Lender or a Related Fund will not be subject to the above described consents; provided, further, that no assignment to an Assignee (other than any Lender or any Affiliate thereof) of Term Loans shall be in an aggregate principal amount of less than
          $1,000,000 (other than in the case of an assignment of all of a Lender’s interests in the Term Loan Facility under this Agreement) and, after giving effect thereto, the assigning Lender (if it shall retain any Term Loans) shall have Term Loans
          aggregating at least $1,000,000 unless otherwise agreed by the Administrative Agent and the Borrower; provided, further, no Lender shall be permitted to assign all or any part of its rights and obligations under this Agreement to (i) any of the Permitted Investors, any of their respective Affiliates or any of
          their respective associated investment funds, (ii) Holdings, the Borrower or any of their respective Subsidiaries, (iii) any natural person or (iv) any Disqualified Lender.  Upon such execution, delivery, acceptance and recording in the Register,
          from and after the effective date determined pursuant to such Assignment and Acceptance, (x) the Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and Acceptance, have the rights and obligations of a
          Lender hereunder with Commitments and/or Term Loans as set forth therein, and (y) the Assignor thereunder shall, to the extent provided in such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of
          an Assignment and Acceptance covering all of an Assignor’s rights and obligations under this Agreement, such Assignor shall cease to be a party hereto, except as to Sections 2.16, 2.17 and 9.5 in respect of the period prior to such effective
          date).  For purposes of the minimum assignment amounts set forth in this paragraph, multiple assignments by two or more Related Funds shall be aggregated.

       

        

      (d)         [Reserved];

       

        

      (e)         Upon its receipt of an Assignment and Acceptance
          executed by an Assignor and an Assignee (and, in any case where the consent of any other Person is required by Section 9.6(c), by each such other Person) together with payment to the Administrative Agent of a registration and processing fee of
          $3,500 (provided, however, that (i) Administrative Agent may, in its
          sole discretion, elect to waive such processing and recordation fee in the case of any assignment and (ii) no such fee shall be required to be paid (A) in connection with an assignment by or to an Arranger or any Affiliate thereof or (B) in the
          case of an Assignee which is already a Lender or any Affiliate, Related Fund or Control Investment Affiliate thereof), the Administrative Agent shall (1) promptly accept such Assignment and Acceptance and (2) on the effective date determined
          pursuant thereto record the information contained therein in the Register and give notice of such acceptance and recordation to the Borrower.  On or prior to such effective date, the Borrower, at its own expense, upon request, shall execute and
          deliver to the Administrative Agent (in exchange for the applicable Term Loan Notes of the assigning Lender) a new Term Loan Note to such Assignee in an amount equal to the Term Loans assumed or acquired by it pursuant to such Assignment and
          Acceptance and, if the Assignor has retained Term Loans, upon request, a new Term Loan Note to the Assignor in an amount equal to the Term Loans retained by it hereunder.  Such new Term Loan Note or Term Loan Notes shall be dated the Restatement
          Effective Date and shall otherwise be in the form of the Term Loan Note or Term Loan Notes replaced thereby.

       

        

      
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      (f)           For avoidance of doubt, the parties to this
          Agreement acknowledge that the provisions of this Section 9.6 concerning assignments of Term Loans and Term Loan Notes relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests in Term
          Loans and Term Loan Notes, including, without limitation, any pledge or assignment by a Lender of any Term Loan or Term Loan Note to any Federal Reserve Bank in accordance with applicable Law.

       

        

      (g)          Notwithstanding anything to the contrary contained
          herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide to the Borrower all or any part of any Term Loan that such Granting
          Lender would otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any
          SPC to make any Term Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Term Loan, the Granting Lender shall be obligated to make such Term Loan pursuant to the terms hereof.  The
          making of a Term Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Term Loan were made by such Granting Lender.  Each party hereto hereby agrees that no SPC shall be liable for any
          indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender).  In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this
          Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other person in instituting against,
          such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any state thereof.  Each party hereto also agrees that each SPC shall be entitled to the benefits of Sections 2.15,
          2.16 or 2.17 (subject to the requirements and limitations of such Sections, Section 2.18 and 2.19, including the requirements of Section 2.17(f) through (i) (it being agreed that any required forms shall be provided solely to the Granting
          Lender)) with respect to its granted interest in the Commitments and the Term Loans outstanding from time to time as if such SPC were a Lender; provided that no SPC shall be entitled to receive any greater amount pursuant to any such Section than the Granting Lender would have been entitled to receive in respect
          of the amount of the interest granted by such Granting Lender to such SPC had no such grant occurred, except to the extent that entitlement to a greater amount results from a change in Law that occurs after such interest was granted, unless such
          transfer was made with the Borrower’s prior written consent (which consent shall not be unreasonably withheld or delayed).  In addition, notwithstanding anything to the contrary in this Section 9.6(g), any SPC may (A) with notice to, but without
          the prior written consent of, the Borrower and the Administrative Agent and with the payment of a processing fee in the amount of $3,500 (which processing fee may be waived by the Administrative Agent in its sole discretion), assign all or a
          portion of its interests in any Term Loans to the Granting Lender, or with the prior written consent of the Borrower and the Administrative Agent (which consent shall not be unreasonably withheld) and with the payment of a processing fee in the
          amount of $3,500 (which processing fee may be waived by the Administrative Agent in its sole discretion) to any financial institutions (other than any Disqualified Lender) providing liquidity and/or credit support to or for the account of such
          SPC to support the funding or maintenance of Term Loans, and (B) disclose on a confidential basis any non-public information relating to its Term Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit
          or liquidity enhancement to such SPC; provided that non-public information with respect to any NFE Group Member may be disclosed only with the Borrower’s consent which will not be unreasonably
          withheld.  This Section 9.6(g) may not be amended without the written consent of any SPC with Term Loans outstanding at the time of such proposed amendment.  To the extent an SPC provides a Term Loan, the applicable Lender may maintain a register
          on behalf of the Borrower and the SPC’s interest must be entered in the register.

       

        

      Section 9.7       Adjustments; Set-off.

       

        

      (a)          If any Lender (a “Benefited

              Lender”) shall at any time receive any payment of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the
          nature referred to in Section 7.1(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lender’s Obligations, such Benefited Lender shall purchase for cash
          from the other Lenders a participating interest in such portion of each such other Lender’s Obligations, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefited Lender to share
          the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if
          all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest.

       

        

      (b)          In addition to any rights and remedies of the
          Lenders provided by law, upon the occurrence and during the continuation of any Event of Default, each Lender shall have the right, without prior notice to Holdings or the Borrower, any such notice being expressly waived by Holdings and the
          Borrower to the extent permitted by applicable Law, upon any amount becoming due and payable by Holdings or the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and appropriate and apply against such
          amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or
          unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of Holdings or the Borrower, as the case may be.  Each Lender agrees promptly to notify the Borrower and the Administrative
          Agent after any such setoff and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such setoff
          and application.

       

        

      Section 9.8       Counterparts.  This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to
          constitute one and the same instrument.  Delivery of an executed signature page of this Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.  A set of the copies of this
          Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent.

       

        

      
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      Section 9.9       Severability.  Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
          unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

       

        

      Section 9.10     Integration.  This Agreement and the other Loan Documents represent the entire agreement of Holdings, the Borrower, the Administrative Agent and the Lenders with respect to the subject matter hereof
          and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents.

       

        

      Section 9.11     GOVERNING LAW.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
          YORK.

       

        

      Section 9.12     Submission To Jurisdiction; Waivers.  Each party hereto hereby irrevocably and unconditionally:

       

        

      (a)         submits for itself and its Property in any legal
          action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of
          New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof;

       

        

      (b)         consents that any such action or proceeding may be
          brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or
          claim the same;

       

        

      (c)         agrees that service of process in any such action
          or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to its address set forth in Section 9.2 or at such other address of which the Administrative
          Agent shall have been notified pursuant thereto;

       

        

      (d)         agrees that the Administrative Agent and the
          Lenders retain the right to bring proceedings against any Loan Party in the courts of any other jurisdiction in connection with the exercise of any rights under any Security Document or the enforcement of any judgment;

       

        

      (e)         agrees that nothing herein shall affect the right
          to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and

       

        

      
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      (f)          waives, to the maximum extent not prohibited by
          law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 9.12 any special, exemplary, punitive or consequential damages.

       

        

      Section 9.13     Acknowledgments.  In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan
          Document), each of Holdings, and the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:  (a)(i) the arranging and other services regarding this Agreement provided by the Administrative Agent and the Arrangers
          are arm’s-length commercial transactions between Holdings, the Borrower and their respective Affiliates, on the one hand, and the Administrative Agent and the Arrangers, on the other hand, (ii) each of Holdings and the Borrower has consulted its
          own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) each of Holdings, and the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions
          contemplated hereby and by the other Loan Documents; (b)(i) the Administrative Agent and the Arrangers are and have been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and
          will not be acting as an advisor, agent or fiduciary for Holdings, the Borrower or any of their respective Affiliates, or any other Person and (ii) neither the Administrative Agent nor any Arranger has any obligation to Holdings, the Borrower or
          any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent and the Arrangers and their respective
          Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of Holdings, the Borrower and their respective Affiliates, and neither the Administrative Agent nor any Arranger has any obligation to
          disclose any of such interests to Holdings, the Borrower or any of their respective Affiliates.  To the fullest extent permitted by law, each of Holdings, and the Borrower hereby waives and releases any claims that it may have against the
          Administrative Agent and the Arrangers with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

       

        

      Section 9.14     Confidentiality.  Each of the Administrative Agent and the Lenders agrees to keep confidential all information provided to it by any Loan Party other than (i) any such information that is available to
          the Administrative Agent or such Lender on a nonconfidential basis prior to disclosure by such Loan Party and (ii) information pertaining to this Agreement routinely provided by arrangers to data service providers, including league table
          providers, that serve the lending industry, provided that in the case of information provided by a Loan Party after the date hereof, such information is
          designated by a Loan Party as confidential (“Information”); provided
          that nothing herein shall prevent the Administrative Agent or any Lender from disclosing any Information (a) to the Administrative Agent, any other Lender or any Affiliate of any thereof, (b) to any Participant or Assignee (each, a “Transferee”) or prospective Transferee that agrees to comply with the provisions of this Section 9.14 or substantially equivalent provisions, (c) to any of its or
          its Affiliates’ employees, directors, agents, attorneys, accountants and other professional advisors, it being understood and agreed that such Persons to whom such Information is disclosed will be informed of the confidential nature of such
          Information and will be instructed to keep such Information confidential, (d) to any financial institution that is a direct or indirect contractual counterparty in swap agreements relating to any NFE Group Member and its obligations hereunder, or
          such contractual counterparty’s professional advisor (so long as such contractual counterparty or professional advisor to such contractual counterparty agrees to be bound by the provisions of this Section or substantially equivalent provisions),
          (e) upon the request or demand of any Governmental Authority having jurisdiction over such Person, (f) to the extent required by order of any court or other Governmental Authority or to the extent otherwise required pursuant to any Requirement of
          Law, (g)  that has been publicly disclosed other than in breach of this Section 9.14, (h) to the National Association of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires access to
          information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, (i) to any other party hereto, (j) with the consent of the Borrower or (k) in connection with the exercise of any remedy hereunder or
          under any other Loan Document; provided that, in the event a Lender receives a summons or subpoena to disclose confidential information to any party, such
          Lender shall, if legally permitted, endeavor to notify the Borrower thereof as soon as possible after receipt of such request, summons or subpoena and to afford the Loan Parties an opportunity to seek protective orders, or such other confidential
          treatment of such disclosed information, as the Loan Parties may deem reasonable.  Any Person required to maintain the confidentiality of Information as provided in this Section 9.14 shall be considered to have complied with its obligation to do
          so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.  Notwithstanding anything to the contrary in this Section 9.14, no
          Information shall be disclosed to a Disqualified Lender that is a Disqualified Lender at the time of such disclosure without the Borrower’s prior written consent.

       

        

      
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      Section 9.15     Accounting Changes.  In the event that any “Accounting Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or
          terms in this Agreement, and either the Borrower or the Required Lenders shall so request, then the Borrower and the Lenders agree to enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect such
          Accounting Change with the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same after such Accounting Change as if such Accounting Change had not been made.  Until such time as such an amendment
          shall have been executed and delivered in accordance with Section 9.1, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Change had not occurred.  Notwithstanding
          anything to the contrary contained herein, this Section 9.15 shall not apply to any Accounting Change that is the subject of the proviso to the definition of “Capital Lease”.  “Accounting Change” refers to any change in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the FASB, any other generally accepted accounting authority which
          provides regulation standard or, if applicable, the SEC.

       

        

      Section 9.16     WAIVERS OF JURY TRIAL.  EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL ACTION
          OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
          OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS,
          THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.16.

       

        

      
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      Section 9.17     Conversion of Currencies.

       

        

      (a)          If, for the purpose of obtaining judgment in any
          court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which, in accordance
          with normal banking procedures in the relevant jurisdiction, the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given.

       

        

      (b)          The obligations of the Borrower in respect of any
          sum due to any party hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the
          “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in
          accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor
          in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss.  The obligations of the Borrower contained in this Section 9.17 shall survive
          the termination of this Agreement and the payment of all other amounts owing hereunder.

       

        

      Section 9.18     USA PATRIOT ACT.  Each Lender that is subject to the PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the
          requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the
          Administrative Agent, as applicable, to identify each Loan Party in accordance with the PATRIOT Act.  The Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that
          the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act.

       

        

      Section 9.19     Payments Set Aside.  To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of
          setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative
          Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof
          originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand
          its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
          demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect.  The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the
          Obligations and the termination of this Agreement.

       

        

      
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      Section 9.20     Releases of Collateral and Guarantees.  Each of the Lenders (including in its capacity as a potential Lender Counterparty) irrevocably authorizes the Administrative Agent to be the agent for the
          representative of the Lenders with respect to the Guarantee Agreements, the Collateral and the Security Documents; provided that the Administrative Agent
          shall not owe any fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation whatsoever to any holder of Obligations with respect to any Secured Hedge Agreements, and the Administrative Agent agrees that:

       

        

      (a)         The Administrative Agent’s Lien on any property
          granted to or held by the Administrative Agent under any Loan Document shall be automatically and fully released (i) upon satisfaction of the Termination Conditions, (ii) at the time the Property subject to such Lien is sold (other than to any
          other Loan Party or other Person that would be required pursuant to any Security Document to grant a Lien on such Collateral to the Administrative Agent for the benefit of the Secured Parties after giving effect to such Disposition) as part of or
          in connection with any Disposition permitted hereunder or under any other Loan Document, (iii) if the Property subject to such Lien is owned by a Guarantor, upon the release of such Guarantor from its obligations under a Guarantee Agreement
          pursuant to clause (b) below, (iv) to the extent (and only for so long as) such property constitutes an “Excluded Asset” (as defined in the Security Agreement), or (v) if approved, authorized or ratified in writing in accordance with Section 9.1.

       

        

      (b)         Any Guarantor shall be released from its
          obligations under a Guarantee Agreement or any other Loan Document if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder, to the extent necessary to permit consummation of such transaction as
          permitted by the Loan Documents; provided that no such release shall occur if such Guarantor continues to be a guarantor in respect of any other Indebtedness
          expressly subordinated to the Obligations.

       

        

      (c)         At the request of the Borrower, it will subordinate
          or release its Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.2(n) solely to the extent, and for so long as, the terms of the
          obligations secured by such Lien do not permit such property to be subject to a Lien in favor of the Administrative Agent or require that such Lien in favor of the Administrative Agent be subordinated to the Lien of the holder of such Lien on
          such property.

       

        

      
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      (d)         At the request of the Borrower, it will subordinate
          its Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.2(e), (f), (g), (i), (j), (p), (r), (w) or (cc), in each case to the extent
          required by the terms of the obligations secured by such Liens, or with respect to which the Required Lenders (or such other Lenders as may be required to give such consent under Section 9.1) have otherwise consented.

       

        

      (e)         On the date that the Termination Conditions are
          satisfied, the Collateral shall be released from the Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan
          Party under the Security Documents shall terminate, all without the need to deliver any instrument or performance of any act by any Person.

       

        

      (f)          It will promptly execute, authorize or file such
          documentation as may be reasonably requested by any Grantor to release or subordinate, or evidence the release or subordination (in registrable form, if applicable), its Liens with respect to any Collateral or the guarantee obligations of any
          Guarantor as set forth in this Section 9.20; provided that the foregoing shall be at the Borrower’s expense.

       

        

      Section 9.21     Time.     Time is of the essence in all respects hereof.

       

        

      Section 9.22     Excluded Swap Obligations.  Notwithstanding any provision of this Agreement or any other Loan Document, no Guarantee Obligation of any Guarantor Subsidiary under any Guarantee Agreement shall include
          a Guarantee Obligation of any Obligation that, as to such Guarantor Subsidiary, is an Excluded Swap Obligation, and no Collateral provided by any Guarantor Subsidiary shall secure any Obligation that, as to such Guarantor Subsidiary, is an
          Excluded Swap Obligation.  In the event that any payment is made pursuant to any Guarantee Obligation under any Guarantee Agreement by, or any amount is realized from Collateral of, any Non-Guarantor Subsidiary as to which any Obligations are
          Excluded Swap Obligations, such payment or amount shall be applied to pay the Obligations of such Guarantor Subsidiary as otherwise provided herein and in the other Loan Documents without giving effect to such Excluded Swap Obligations, and each
          reference in this Agreement or any other Loan Document to the ratable application of such amounts as among the Obligations or any specified portion of the Obligations that would otherwise include such Excluded Swap Obligations shall be deemed to
          so provide.

       

        

      Section 9.23     Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any
          such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and
          acknowledges and agrees to be bound by:

       

        

      
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      (a)          the application of any Write-Down and Conversion
          Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and

       

        

      (b)          the effects of any Bail-In Action on any such
          liability, including, if applicable:

       

        

      a reduction in full or in part or cancellation of any such liability;

       

        

      a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent
          entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or
          any other Loan Document; or

       

        

      the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any
          EEA Resolution Authority.

      

      

      
        123

        
          

      

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their proper and duly
          authorized officers as of the day and year first above written.

       

        

      	 	
              NEW FORTRESS ENERGY HOLDINGS LLC

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 
	 	 
	 	
              NFE ATLANTIC HOLDINGS LLC

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 
	 	 	 	 
	 	
              [SUBSIDIARY GUARANTORS]

            

       

      

      
        Signature Page

          Amended and Restated Credit Agreement

        

        

      

      
        
          

      

      	 	
              MORGAN STANLEY SENIOR FUNDING, INC.,

            
	 	
              as Administrative Agent and a Lender

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 

       

        Signature Page

          Amended and Restated Credit Agreement

        

      

      
        
          

      

      	 	
              BARCLAYS BANK PLC,

            
	 	
              as a Lender

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 

       

      

      
        Signature Page

          Amended and Restated Credit Agreement

         

        

      

      
        
          

      

      SCHEDULE 1.1A

       

            

      Term Loan Commitments

       

            

      	 	
              Lender

            	
              Commitment

            
	 	
              Morgan Stanley Senior Funding, Inc.

            	
              $385,000,000

            
	 	
              Barclays Bank PLC

            	
              $115,000,000

            
	 	
              Total Commitments

            	
              $500,000,000

            

      

      

      
        Schedule 1.1A

      

    

  

  
    
      

  

  Annex I

  

  

  Restatement Effective Date Schedules to Amended and Restated Credit Agreement

  

  

  
    	
            1.1B

          	
            Mortgaged Properties

          

  

  
    	
            3.15

          	
            Subsidiaries

          

  

  
    	
            3.19

          	
            UCC and Mortgage Filing Jurisdictions

          

  

  
    	
            3.21

          	
            Excluded Subsidiaries

          

  

  

  

  (please see attached)

  
    
      
        
          

      

      
         

      

      SCHEDULE 1.1B

      

      

      Mortgaged Properties

      

      

      
        
          	1.	
                  The Leased Premises for the Combined Heat and Power (CHP) facility is a plot of land adjacent to the Jamalco Refinery, Halse Hall, Clarendon to be utilised for the CHP
                      construction; construction of new office buildings; component storage areas; power plant equipment (including Gas turbines, Heat recovery Steam Generators); demolition of remaining structures, foundations, concrete pads, and
                      containment areas, overhead lines; on THAT PART of the plantation or Estate called HALSE HALL situate in the Parish of CLARENDON in Jamaica as
                      determined in accordance with Section 15.17 of this Lease and being part of the land comprised in Certificate of Title registered at Volume 1146 Folio

                      131 of the Register Book of Titles and subject to Caveat No. 944203.

                

        

      

      

      

      
        
          	2.	
                  LEGAL DESCRIPTION: (LAND LEASE PARCEL) A PARCEL OF LAND BEING A PORTION OF LOTS 72, 75, 77 AND 88 AND CERTAIN RIGHTS OF WAY WITHIN THE “AMENDED PLAT OF E 1/2 OF SEC. 14
                      TWP. 53S RGE. 40E”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLATBOOK 13, PAGE 63, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, LYING WITHIN THE NORTHEAST 1/4 OF SECTION 14, TOWNSHIP 53 SOUTH, RANGE 40 EAST, BEING MORE
                      PARTICULARLY DESCRIBED AS FOLLOWS; COMMENCE AT THE NORTHEAST CORNER OF SAID NORTHEAST 1/4 OF SECTION 14; THENCE SOUTH 01°39’24” EAST ON THE EAST LINE OF SAID NORTHEAST 1/4 FOR 457.33 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE
                      SOUTH 01°39’24” EAST ON SAID EAST LINE 119.26 FEET; THENCE SOUTH 54°57’45’WEST 405.80 FEET TO THE BEGINNING OF A NON-TANGENT CURVE CONCAVE SOUTHEASTERLY, WHOSE RADIUS POINT BEARS SOUTH 33°36’34” EAST; THENCE SOUTHWESTERLY ON THE ARC
                      OF SAID CURVE TO THE LEFT, HAVING A RADIUS OF 2,277.65 FEET, A CENTRAL ANGLE OF 11°13’26”, AN ARC DISTANCE OF 446.17 FEET; A CHORD BEARING OF SOUTH 50°46’43” WEST AND A CHORD DISTANCE OF 445.46 FEET TO A POINT OF NON-TANGENCY; THENCE
                      SOUTH 46°15’46” WEST 360.84 FEET; THENCE NORTH 14°12’49” WEST 70.74 FEET; THENCE NORTH 16°27’49” WEST 715.15 FEET; THENCE NORTH 22°25’39” WEST 113.14 FEET; THENCE NORTH 89°46’21” EAST 356.40 FEET; THENCE NORTH 78°46’03” EAST 219.56
                      FEET; THENCE SOUTH 84°06’08” EAST 326.53 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY; THENCE EASTERLY ON THE ARC OF SAID CURVE TO THE LEFT, HAVING A RADIUS OF 600.00 FEET, A CENTRAL ANGLE OF 10°21’44”, FOR AN ARC
                      DISTANCE OF 108.51 FEET TO A POINT OF TANGENCY; THENCE NORTH 85°32’08” EAST 193.52 FEET TO THE POINT OF BEGINNING. SAID LAND SITUATE, LYING AND BEING IN MIAMI-DADE COUNTY, FLORIDA, CONTAINING 545,521 SQUARE FEET (12.5234 ACRES), MORE
                      OR LESS.

                

        

      

      

      

      
        
          	3.	
                  ALL THAT parcel of land known as Berth # 1 at the Port of Montego Bay part of TORBAY, RECLAIMED LAND now called Montego Freeport in the Parish of Saint James, being the
                      lands comprised in the Certificate of Title Registered at Volume 1070 Folios 145 and 154 to 159 of the Register Book of Titles together with the parts of the Reserved Road known as Harbour Drive, subject to Mortgage No. 1874833
                      registered on the 2nd day of April, 2015 to JCSD Trustee Services Limited at 40 Harbour Street, Kingston subject to Caveat No. 75347 in favor of the Jamaica Public Service Company Limited.

                

        

      

      
        
          

      

      SCHEDULE 3.15

      

      

      Subsidiaries

      

      

      	
              Legal Name

            	
              Jurisdiction of

              Organization

            	
              Class of Capital

              Stock

            	
              Owner of Capital

              Stock

            	
              Percentage of

              Capital

              Stock Owned

            
	
              American LNG Marketing LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              American Natural Gas Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              Atlantic Energy Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              Bradford County Development Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              Bradford County GPF Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County Development Holdings LLC

            	
              100%

            
	
              Bradford County GPF Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County GPF Holdings LLC

            	
              100%

            
	
              Bradford County Power Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County Development Holdings LLC

            	
              100%

            
	
              Bradford County Power Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County Power Holdings LLC

            	
              100%

            
	
              Bradford County Real Estate Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County Development Holdings LLC

            	
              100%

            
	
              Bradford County Real Estate Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County Real Estate Holdings LLC

            	
              100%

            

      
        
          

      

      	
              Bradford County Transport Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County Development Holdings LLC

            	
              100%

            
	
              Bradford County Transport Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Bradford County Transport Holdings LLC

            	
              100%

            
	
              Energy Transport Solutions LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Logistics Holdings LLC

            	
              100%

            
	
              Island LNG LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              LNG Holdings (Florida) LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              LNG Holdings LLC

            	
              100%

            
	
              LNG Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Plant Development Holdings LLC

            	
              100%

            
	
              New Fortress Energy Marketing LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              NFE BCS Holdings (A) LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Mexico Holdings LLC

            	
              100%

            
	
              NFE BCS Holdings (B) LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Mexico Holdings LLC

            	
              100%

            
	
              NFE Equipment Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Logistics Holdings LLC

            	
              100%

            

      
        
          

      

      	
              NFE Equipment Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Equipment Holdings LLC

            	
              100%

            
	
              NFE ISO Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Logistics Holdings LLC

            	
              100%

            
	
              NFE ISO Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE ISO Holdings LLC

            	
              100%

            
	
              NFE Logistics Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              NFE Management LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              NFE Mexico Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              NFE Plant Development Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              NFE South Power Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Atlantic Power Holdings Limited

            	
              100%

            
	
              NFE Transport Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Logistics Holdings LLC

            	
              100%

            
	
              NFE Transport Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Transport Holdings LLC

            	
              100%

            
	
              TICO Development Partners Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Plant Development Holdings LLC

            	
              100%

            

      
        
          

      

      	
              TICO Development Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              TICO Development Partners Holdings LLC

            	
              100%

            
	
              NFE Ghana Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              NFE Ghana Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Ireland Holdings LLC

            	
              100%

            
	
              American Energy Logistics Solutions LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              LA Development Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              LA Real Estate Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              LA Development Holdings LLC

            	
              100%

            
	
              LA Real Estate Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              LA Real Estate Holdings LLC

            	
              100%

            
	
              PA Development Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              NFE Atlantic Holdings LLC

            	
              100%

            
	
              PA Real Estate Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              PA Development Holdings LLC

            	
              100%

            
	
              PA Real Estate Partners LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              PA Real Estate Holdings LLC

            	
              100%

            

      
        
          

      

      	
              Atlantic Distribution Holdings SRL

            	
              Barbados

            	
              Limited Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              Atlantic Energy Holdings Limited

            	
              Barbados

            	
              Limited Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              Atlantic Power Holdings SRL

            	
              Barbados

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              Atlantic Terminal Holdings Limited

            	
              Barbados

            	
              Limited Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              Atlantic Power Holdings Limited

            	
              Bermuda

            	
              Limited Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              NFE North Holdings Limited

            	
              Bermuda

            	
              Limited Company

            	
              Atlantic Power Holdings Limited

            	
              100%

            
	
              NFE North Infrastructure Limited

            	
              Bermuda

            	
              Limited Company

            	
              NFE North Holdings Limited

            	
              100%

            
	
              NFE North Trading Limited

            	
              Bermuda

            	
              Limited Company

            	
              Atlantic Power Holdings Limited

            	
              100%

            
	
              NFE South Holdings Limited

            	
              Bermuda

            	
              Limited Company

            	
              Atlantic Power Holdings Limited

            	
              100%

            
	
              NFE South Power Trading Limited

            	
              Bermuda

            	
              Limited Company

            	
              Atlantic Power Holdings Limited

            	
              100%

            
	
              NFE South Trading Limited

            	
              Bermuda

            	
              Limited Company

            	
              Atlantic Power Holdings Limited

            	
              100%

            

      
        
          

      

      	
              NFE North Distribution Limited

            	
              Jamaica

            	
              Limited Liability Company

            	
              Atlantic Distribution Holdings SRL

            	
              90%

            
	
              NFE North Transport Limited

            	
              Jamaica

            	
              Limited Liability Company

            	
              Atlantic Distribution Holdings SRL

            	
              100%

            
	
              NFE North Holdings Limited

            	
              Jamaica

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings Limited

            	
              100%

            
	
              NFE South Holdings Limited

            	
              Jamaica

            	
              Limited Liability Company

            	
              Atlantic Terminal Holdings Limited

            	
              100%

            
	
              NFE South Power Holdings Limited

            	
              Jamaica

            	
              Limited Liability Company

            	
              Atlantic Power Holdings SRL

            	
              100%

            
	
              Amaunet, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFE BCS Holdings (A) LLC

            	
              50%

            
	
              Amaunet, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFE BCS Holdings (B) LLC

            	
              50%

            
	
              NFEnergia Mexico S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              Atlantic Energy Holdings LLC

            	
              .01%

            
	
              NFEnergia Mexico, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFE BCS Holdings (A) LLC

            	
              .01%

            
	
              NFEnergia Mexico, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFE Mexico Holdings B.V.

            	
              99.98%

            
	
              NFE Pacifico LAP, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFEnergia Mexico, S. de R.L. de C.V.

            	
              99.98%

            

      
        
          

      

      	
              NFE Pacifico LAP, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFE BCS Holdings (A) LLC

            	
              .01%

            
	
              NFE Pacifico LAP, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              Atlantic Energy Holdings LLC

            	
              .01%

            
	
              NFEnergia GN de BCS, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFE Mexico Holdings B.V.

            	
              99.9%

            
	
              NFEnergia GN de BCS, S. de R.L. de C.V.

            	
              Mexico

            	
              Corporation

            	
              NFEnergia Mexico, S. de R.L. de C.V.

            	
              0.1%

            
	
              NFE Mexico Holdings B.V.

            	
              Netherlands

            	
              Limited Liability Company

            	
              NFE Mexico Holdings Parent B.V.

            	
              100%

            
	
              NFE Mexico Holdings Parent B.V.

            	
              Netherlands

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              NFEnergia LLC

            	
              Puerto Rico

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              Soluciones de Energia Limpia PR LLC

            	
              Puerto Rico

            	
              Limited Liability Company

            	
              NFEnergia LLC

            	
              100%

            
	
              NFE Financial Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              New Fortress Energy Holdings LLC

            	
              100%

            
	
              NFE Honduras Holdings LLC

            	
              Delaware

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            

      
        
          

      

      	
              NFEnergia Honduras S DE RL

            	
              Honduras

            	
              Limited Liability Company

            	
              NFE Honduras Holdings LLC

            	
              98%

            
	
              NFEnergia Honduras S DE RL

            	
              Honduras

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings LLC

            	
              2%

            
	
              NFE Shannon Holdings Limited

            	
              Ireland

            	
              Limited Liability Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            
	
              Shannon LNG Limited

            	
              Ireland

            	
              Limited Liability Company

            	
              NFE Shannon Holdings Limited

            	
              80% Voting Rights; 11% Economic Ownership

            
	
              Shannon LNG Energy Limited

            	
              Ireland

            	
              Limited Liability Company

            	
              NFE Shannon Holdings Limited

            	
              80% Voting Rights; 11% Economic Ownership

            
	
              NFE Ireland Financing DAC

            	
              Ireland

            	
              Designated Activity Company

            	
              Atlantic Energy Holdings LLC

            	
              100%

            

      
        
          

      

      SCHEDULE 3.19

      

      

      UCC Filing Jurisdictions

      

      

      	
              Entity

            	
              Filing Office

            
	
              American LNG Marketing LLC

            	
              Delaware Secretary of State

            
	
              American Natural Gas Holdings LLC

            	
              Delaware Secretary of State

            
	
              Atlantic Energy Holdings LLC

            	
              Delaware Secretary of State

            
	
              Bradford County Development Holdings LLC

            	
              Delaware Secretary of State

            
	
              Bradford County GPF Holdings LLC

            	
              Delaware Secretary of State

            
	
              Bradford County GPF Partners LLC

            	
              Delaware Secretary of State

            
	
              Bradford County Power Holdings LLC

            	
              Delaware Secretary of State

            
	
              Bradford County Power Partners LLC

            	
              Delaware Secretary of State

            
	
              Bradford County Real Estate Holdings LLC

            	
              Delaware Secretary of State

            
	
              Bradford County Real Estate Partners LLC

            	
              Delaware Secretary of State

            
	
              Bradford County Transport Holdings LLC

            	
              Delaware Secretary of State

            
	
              Bradford County Transport Partners LLC

            	
              Delaware Secretary of State

            
	
              Energy Transport Solutions LLC

            	
              Delaware Secretary of State

            
	
              Island LNG LLC

            	
              Delaware Secretary of State

            
	
              New Fortress Energy Holdings LLC

            	
              Delaware Secretary of State

            
	
              New Fortress Energy Marketing LLC

            	
              Delaware Secretary of State

            
	
              NFE Atlantic Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE BCS Holdings (A) LLC

            	
              Delaware Secretary of State

            
	
              NFE BCS Holdings (B) LLC

            	
              Delaware Secretary of State

            
	
              NFE Equipment Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE Equipment Partners LLC

            	
              Delaware Secretary of State

            
	
              NFE ISO Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE ISO Partners LLC

            	
              Delaware Secretary of State

            
	
              NFE Logistics Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE Management LLC

            	
              Delaware Secretary of State

            
	
              NFE Mexico Holdings LLC

            	
              Delaware Secretary of State

            

      
        
          

      

      	
              NFE Plant Development Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE South Power Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE Transport Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE Transport Partners LLC

            	
              Delaware Secretary of State

            
	
              TICO Development Partners Holdings LLC

            	
              Delaware Secretary of State

            
	
              TICO Development Partners LLC

            	
              Delaware Secretary of State

            
	
              NFE Ghana Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE Ghana Partners LLC

            	
              Delaware Secretary of State

            
	
              American Energy Logistics Solutions LLC

            	
              Delaware Secretary of State

            
	
              LA Development Holdings LLC

            	
              Delaware Secretary of State

            
	
              LA Real Estate Holdings LLC

            	
              Delaware Secretary of State

            
	
              LA Real Estate Partners LLC

            	
              Delaware Secretary of State

            
	
              PA Development Holdings LLC

            	
              Delaware Secretary of State

            
	
              PA Real Estate Holdings LLC

            	
              Delaware Secretary of State

            
	
              PA Real Estate Partners LLC

            	
              Delaware Secretary of State

            
	
              LNG Holdings (Florida) LLC

            	
              Delaware Secretary of State

            
	
              LNG Holdings LLC

            	
              Delaware Secretary of State

            
	
              NFE Honduras Holdings LLC

            	
              Delaware Secretary of State

            
	
              Atlantic Distribution Holdings SRL

            	
              District of Columbia Recorder of Deeds

            
	
              Atlantic Power Holdings SRL

            	
              District of Columbia Recorder of Deeds

            
	
              Atlantic Energy Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              Atlantic Terminal Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              Atlantic Power Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE North Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE North Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE North Infrastructure Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE North Trading Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE South Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE South Power Trading Limited

            	
              District of Columbia Recorder of Deeds

            

      
        
          

      

      	
              NFE South Trading Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE North Distribution Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE North Transport Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE South Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              NFE South Power Holdings Limited

            	
              District of Columbia Recorder of Deeds

            
	
              Amaunet, S. de R.L. de C.V.

            	
              District of Columbia Recorder of Deeds

            
	
              NFEnergia Mexico, S. de R.L. de C.V.

            	
              District of Columbia Recorder of Deeds

            
	
              NFE Pacifico LAP, S. de R.L. de C.V.

            	
              District of Columbia Recorder of Deeds

            
	
              NFEnergia GN de BCS, S. de R.L. de C.V.

            	
              District of Columbia Recorder of Deeds

            
	
              NFE Mexico Holdings B.V.

            	
              District of Columbia Recorder of Deeds

            
	
              NFE Mexico Holdings B.V.

            	
              New York Secretary of State

            
	
              NFE Mexico Holdings Parent B.V.

            	
              District of Columbia Recorder of Deeds

            
	
              NFE Mexico Holdings Parent B.V.

            	
              New York Secretary of State

            
	
              NFEnergia LLC 

              

            	
              Puerto Rico Departamento de Estado

            
	
              Soluciones de Energia Limpia PR LLC

            	
              Puerto Rico Departamento de Estado

            

      

      

      Mortgage Filing Jurisdictions

      

      

      
        
          	

                	1.	
                  Companies Office (Jamaica)

                

        

      

      
        
          	

                	2.	
                  National Security Interest in Personal Property Registry (Jamaica)

                

        

      

      
        
          	

                	3.	
                  Office of Titles (Jamaica)

                

        

      

      
        
          	

                	4.	
                  Island Records Office (Jamaica)

                

        

      

      
        
          	

                	5.	
                  National Land Agency (Jamaica)

                

        

      

      
        
          

      

      SCHEDULE 3.21

      

      

      Excluded Subsidiaries

      

      

      None.Exhibit 10.16

    

    

     

      

     

      

    MASTER LNG SALE AND PURCHASE AGREEMENT

    

    

    between

    

    

    CENTRICA LNG COMPANY LIMITED

    

    

    and

    

    

    NFE NORTH TRADING LIMITED

    

    

    dated December 20, 2016

    

    

    

    

    

    

    
      
        

    

    
    

    

    TABLE OF CONTENTS

    

    

    	 	 	
            Page

          
	
            SECTION 1

          	
            DEFINITIONS

          	
            1

          
	
            SECTION 2

          	
            SALE AND PURCHASE

          	
            11

          
	
            2.1

          	
            General

          	
            11

          
	
            2.2

          	
            Transportation

          	
            11

          
	
            2.3

          	
            Confirmation

          	
            12

          
	
            2.4

          	
            Loading Location

          	
            12

          
	
            2.5

          	
            Unloading Location

          	
            12

          
	
            SECTION 3

          	
            TERM

          	
            13

          
	
            SECTION 4

          	
            QUANTITIES

          	
            13

          
	
            SECTION 5

          	
            QUALITY AND QUANTITY OF SELLER’S LNG

          	
            13

          
	
            5.1

          	
            Quality and Quantity of Seller’s LNG

          	
            13

          
	
            5.2

          	
            Off-Specification LNG

          	
            13

          
	
            SECTION 6

          	
            CONTRACT SALES PRICE

          	
            17

          
	
            SECTION 7

          	
            INVOICES AND PAYMENT

          	
            17

          
	
            7.1

          	
            Invoices and Cargo Documents for FOB Deliveries

          	
            17

          
	
            7.2

          	
            Invoices and Cargo Documents for a DES Delivery

          	
            18

          
	
            7.3

          	
            Other Invoices

          	
            20

          
	
            7.4

          	
            Invoice Due Dates

          	
            20

          
	
            7.5

          	
            Payment

          	
            21

          
	
            7.6

          	
            Disputed Invoices

          	
            21

          
	
            7.7

          	
            Credit Support

          	
            21

          
	
            7.8

          	
            No Setoff

          	
            22

          
	
            SECTION 8

          	
            TAXES, DUTIES AND CHARGES

          	
            23

          
	
            8.1

          	
            Tax Obligations

          	
            23

          
	
            8.2

          	
            Deduction or Withholding

          	
            23

          
	
            8.3

          	
            Tax Refunds

          	
            24

          
	
            8.4

          	
            Procedure for Payment of Taxes

          	
            24

          
	
            8.5

          	
            Other Charges

          	
            24

          
	
            SECTION 9

          	
            TRANSFER OF TITLE AND RISK OF LOSS

          	
            25

          
	
            9.1

          	
            Title and Risk of Loss

          	
            25

          
	
            9.2

          	
            Title and Risk of Loss (Offshore Title Transfer)

          	
            25

          

    

    

    
      i

      
        

    

    

    

    

    

    	
            SECTION 10

          	
            LIABILITIES, DEFAULT AND REMEDIES

          	
            27

          
	
            10.1

          	
            Consequential Loss or Damage; Indemnification; Remedies

          	
            27

          
	
            10.2

          	
            Buyer’s Failure to Take Delivery

          	
            27

          
	
            10.3

          	
            Seller’s Failure to Deliver

          	
            29

          
	
            10.4

          	
            Events of Default

          	
            30

          
	
            SECTION 11

          	
            FORCE MAJEURE

          	
            33

          
	
            11.1

          	
            Force Majeure

          	
            33

          
	
            11.2

          	
            Examples of Force Majeure

          	
            33

          
	
            11.3

          	
            Notice

          	
            35

          
	
            11.4

          	
            Measures

          	
            35

          
	
            11.5

          	
            Settlement of Industrial Disturbances

          	
            35

          
	
            11.6

          	
            Existing Force Majeure

              

          	
            35

          
	11.7

          	Termination for prolonged Force Majeure

          	36

          
	11.8

          	Related Parties

          	36

          
	
            SECTION 12

          	
            NOTICES

          	
            37

          
	
            SECTION 13

          	
            APPLICABLE LAW

          	
            38

          
	
            SECTION 14

          	
            DISPUTE RESOLUTION

          	
            38

          
	
            14.1

          	
            Dispute Resolution

          	
            38

          
	
            14.2

          	
            Expert Determination

          	
            41

          
	
            SECTION 15

          	
            CONFIDENTIALITY

          	
            43

          
	
            15.1

          	
            Confidentiality Obligation

          	
            43

          
	
            15.2

          	
            Public Announcements

          	
            44

          
	
            SECTION 16

          	
            ASSIGNMENT

          	
            44

          
	
            16.1

          	
            Assignment with Prior Consent

          	
            44

          
	
            16.2

          	
            Assignment of Rights for Security and Payment

          	
            45

          
	
            SECTION 17

          	
            REPRESENTATIONS AND WARRANTIES

          	
            46

          
	
            17.1

          	
            Representations and Warranties of the Parties

          	
            46

          
	
            17.2

          	
            Seller’s Warranty

          	
            46

          
	
            17.3

          	
            Business Practices

          	
            47

          
	
            SECTION 18

          	
            MISCELLANEOUS

          	
            47

          
	
            18.1

          	
            Amendments

          	
            47

          
	
            18.2

          	
            Approvals

          	
            47

          
	
            18.3

          	
            Successors and Assigns

          	
            47

          
	
            18.4

          	
            Waiver

          	
            47

          
	
            18.5

          	
            No Third Party Beneficiaries

          	
            48

          
	
            18.6

          	
            Rules of Construction

          	
            48

          

    

    

    
      ii

      
        

    

    

    

    

    

    	
            18.7

          	
            Survival of Rights

          	
            48

          
	
            18.8

          	
            Interpretation

          	
            48

          
	
            18.9

          	
            Disclaimer of Agency

          	
            49

          
	
            18.10

          	
            Prohibited Practices

          	
            50

          
	
            18.11

          	
            Records; Audit

          	
            50

          
	
            18.12

          	
            Indemnity

          	
            50

          
	
            18.13

          	
            Trade Law Compliance

          	
            51

          
	
            18.14

          	
            Severance of Invalid Provisions

          	
            51

          
	
            18.15

          	
            No Sovereign Immunity

          	
            51

          
	
            18.16

          	
            Expenses

          	
            52

          
	
            18.17

          	
            Scope

          	
            52

          
	
            18.18

          	
            Contract Language

          	
            52

          
	
            18.19

          	
            Counterpart Execution

          	
            52

          
	
            EXHIBIT A   CONFIRMATION

          	
            54

          
	
            EXHIBIT B   SELLER’S FACILITIES, TRANSPORTATION AND LOADING –
                  FOB DELIVERIES

          	
            59

          
	
            EXHIBIT C   BUYER’S FACILITIES, TRANSPORTATION AND UNLOADING DES DELIVERIES

          	
            72

          
	
            EXHIBIT D   MEASUREMENT, SAMPLING AND TESTING

          	
            86

          

    

    

    
      iii

      
        

    

    
    

    

    MASTER LNG SALE AND PURCHASE AGREEMENT

    

    

    This MASTER LNG SALE AND PURCHASE AGREEMENT (“Master Agreement”), dated as of this 20th day of December, 2016 (the “Effective Date”) is made by and between Centrica LNG Company Limited, a limited liability company organised and existing under the laws of England (“Centric”); and NFE North Trading Limited, a company
        organised and existing under the laws of Bermuda (“NFE”). Centrica and NFE are sometimes referred to collectively as the “Parties” and individually as a “Party”. Capitalised terms used herein or in a Confirmation executed pursuant to this Master Agreement (unless expressly stated otherwise therein) shall have the meaning set forth herein or therein, as applicable.

    

    

    RECITALS

    

    

    
      
        	A.	
                Centrica and NFE may, from time to time, agree to sell to and/or purchase from the other Party quantities of liquefied natural gas by executing and delivering a
                    Confirmation.

              

      

    

    

    

    
      
        	B.	
                Centrica and NFE wish to agree to the general terms and conditions which shall apply to any such sale and purchase of LNG.

              

      

    

    

    

    In consideration for the mutual promises set forth in this Master Agreement, it is agreed as follows.

    

    

    SECTION 1

    DEFINITIONS

    

    

    In this Master Agreement, the following capitalised and upper case terms shall have the meaning ascribed to them below, except where the context requires
        otherwise:

    

    

    
      
        	1.1	
                “ADO” shall mean automotive diesel oil meeting applicable specifications.

              

      

    

    

    

    
      
        	1.2	
                “Adverse Weather Condition” means weather and/or sea conditions actually
                    experienced that are sufficiently severe to prevent an LNG Vessel from proceeding safely to berth, loading or unloading (as the case may be) and/or departing safely from the berth in accordance with the weather standards prescribed in
                    published regulations in effect at the Loading Location or the Unloading Location (as the case may be), or by the order of the relevant harbour master.

              

      

    

    

    

    
      
        	1.3	
                “Affiliate” means a Person (other than a Party) that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, a Party, and for such purposes the terms
                    “control”, “controlled by” and other derivatives shall mean the direct or indirect ownership of fifty percent (50%) or more of the voting rights in a Person.

              

      

    

    

    

    
      1

      
        

    

    

    

    
      
        	1.4	
                “Agreement” means, the legally binding relationship established by (i) this Master Agreement, together with all Exhibits hereto; and (ii) the provisions contained in any relevant Confirmation.

              

      

    

    

    

    
      
        	1.5	
                “Allowed Laytime” means, in the case of an FOB delivery, laytime to be allowed at the Loading Location and, in the case of a DES delivery, laytime to be allowed at the Unloading Location.

              

      

    

    

    

    
      
        	1.6	
                “Alternative Loading Location” means, in respect of a Cargo to be delivered pursuant to a Confirmation, the alternative loading location where the LNG purchased and sold is to be loaded, as specified in the Confirmation (or
                    subsequently agreed between the Parties).

              

      

    

    

    

    
      
        	1.7	
                “Alternative Unloading Location” means, in respect of a Cargo to be delivered pursuant to a Confirmation, the alternative unloading location where the LNG purchased and sold is to be unloaded, as specified in the Confirmation
                    (or subsequently agreed between the Parties).

              

      

    

    

    

    
      
        	1.8	
                “Alternative LNG Vessel” means an ocean going vessel meeting the requirements of Section 2.6 of Exhibit B in the case of an FOB delivery and Section 2.6 of Exhibit C in the case of a DES delivery and suitable for
                    transporting LNG, which, in respect of each delivery pursuant to a Confirmation, shall be identified in the Confirmation (or shall be subsequently agreed between the Parties).

              

      

    

    

    

    
      
        	1.9	
                “Approvals” means all consents, authorisations, licences, waivers, permits, approvals, registrations, certificates and other similar documents from or by a Governmental Authority.

              

      

    

    

    

    
      
        	1.10	
                “British Thermal Unit” or “BTU” means the amount
                    of heat required to raise the temperature of one (1) avoirdupois pound of pure water from fifty-nine (59) degrees Fahrenheit to sixty (60) degrees
                    Fahrenheit at all absolute pressure of fourteen decimal six nine six (14.696) pounds per square inch.

              

      

    

    

    

    
      
        	1.11	
                “Business Day” means any day in the relevant country of the Party with a payment obligation, other than a national holiday or any other day on which banks are closed for business. For purposes of this definition, a
                    Party’s relevant country is the country in which that Party’s bank is located, as specified in the Confirmation.

              

      

    

    

    

    
      2

      
        

    

    

    

    
      
        	1.12	
                “Buyer” means the Party identified as Buyer in the Confirmation and its successors and permitted assigns.

              

      

    

    

    

    
      
        	1.13	
                “Buyer Indemnified Parties” has the meaning, in the case of an FOB delivery, specified in Section 8.1 of Exhibit B and, in the case of a DES delivery, specified in Section 7.1 of Exhibit C.

              

      

    

    

    

    
      
        	1.14	
                “Buyer’s Deficiency Quantity” means the quantity of LNG, expressed in MMBTU, equal to all or part of a relevant Cargo which Buyer is unable or fails to take delivery pursuant to a relevant Confirmation.

              

      

    

    

    

    
      
        	1.15	
                Buyer’s Facilities” means, unless otherwise agreed in the relevant Confirmation, those facilities located at or proximate to the Unloading Location, as further specified in the relevant Confirmation, that are licensed by Buyer
                    for the fulfillment of its obligations under an Agreement, which includes (i) the LNG vessel berthing facilities, (ii) the LNG unloading, receiving, storage, treatment (if necessary) and regasification facilities, and (iii) all
                    ancillary equipment, whether or not owned and/or controlled by Buyer or its Affiliate and whether operated directly by Buyer or its Affiliate or by a Third Party. Such facilities shall include the pipeline that extends from the tailgate
                    of the regasification terminal to the point of interconnection with the downstream primary gas transmission facilities where the regasified LNG is delivered to JPS.

              

      

    

    

    

    
      
        	1.16	
                “Buyer’s Operator” means the operator(s) of Buyer’s Facilities.

              

      

    

    

    

    
      
        	1.17	
                “Cargo” means a cargo of LNG to be delivered by Seller to Buyer pursuant to an Agreement.

              

      

    

    

    

    
      
        	1.18	
                “Claim” has the meaning, in the case of an FOB delivery, specified in Section 8.1 of Exhibit B and, in the case of a DES delivery, specified in Section 7.1 of Exhibit C.

              

      

    

    

    

    
      
        	1.19	
                “Completion of Loading” means, in respect of an FOB delivery, the disconnection of the flange coupling of the cargo manifold of an LNG Vessel from the flange coupling on the loading line at Seller’s Facilities following
                    loading of the LNG Vessel and completion of final gauging.

              

      

    

    

    

    
      
        	1.20	
                “Completion of Unloading” means, in respect of a DES delivery, the disconnection of the flange coupling of the cargo manifold of an LNG Vessel from the flange coupling on the unloading line at Buyer’s Facilities following
                    unloading of the LNG Vessel and completion of final gauging.

              

      

    

    

    

    
      
        	1.21	
                “Confirmation” has the meaning set forth in Section 2.3.

              

      

    

    

    

    
      3

      
        

    

    

    

    
      
        	1.22	
                “Confirmation Date” means the date of the Confirmation.

              

      

    

    

    

    
      
        	1.23	
                “Contract Sales Price” has the meaning set forth in Section 6.

              

      

    

    

    

    
      
        	1.24	
                “Credit Support Document” has the meaning set forth in Section 10.4(a)(v).

              

      

    

    

    

    
      
        	1.25	
                “Cubic Foot” means a volume equal to the volume of a cube each edge of which is one
                    (1) foot in length.

              

      

    

    

    

    
      
        	1.26	
                “Deemed Cargo Quantity” means the deemed quantity of LNG expressed in MMBtus contained in each Cargo to be delivered by Seller to Buyer as specified in the applicable Confirmation.

              

      

    

    

    

    
      
        	1.27	
                “Defaulting Party” has the meaning set forth in Section 10.4(b)(i).

              

      

    

    

    

    
      
        	1.28	
                “Delivery Point” means, unless otherwise agreed in a Confirmation, (i) in the case of an FOB delivery, the junction point at which the flange coupling of the loading lines at Seller’s Facilities joins the flange coupling of
                    the LNG cargo manifold onboard the LNG Vessel or (ii) in the case of a DES delivery, the junction point at which the flange coupling of the unloading lines at Buyer’s Facilities joins the flange coupling of the LNG cargo manifold
                    onboard the LNG Vessel.

              

      

    

    

    

    
      
        	1.29	
                “Delivery Window” means, in respect of each delivery pursuant to a Confirmation, the period specified in the Confirmation for such delivery (or such period as may be subsequently amended or agreed in writing by the Parties)
                    within which the Notice of Readiness is to be tendered by the relevant LNG Vessel.

              

      

    

    

    

    
      
        	1.30	
                “Demurrage Rate” means the demurrage rate as specified in the applicable Confirmation.

              

      

    

    

    

    
      
        	1.31	
                “DES” has the meaning specified in Incoterms. Should any specific provision of an Agreement conflict with the terms contained in such definition, then the specific provisions of the Agreement shall prevail.

              

      

    

    

    

    
      
        	1.32	
                “Discharge Rate” has the meaning set forth in the Confirmation.

              

      

    

    

    

    
      
        	1.33	
                “Dispute” means any dispute, controversy or claim (of any and every kind or type, whether based on contract, tort, statute, regulation, or otherwise) arising out of, relating to, or connected with an Agreement, including any
                    dispute as to the construction, validity, interpretation, termination, enforceability or breach of an Agreement, as well as any dispute over arbitrability or jurisdiction.

              

      

    

    

    

    
      4

      
        

    

    

    

    
      
        	1.34	
                “ETA” has, in the case of an FOB delivery, the meaning specified in Section 4.1(a) of Exhibit B and, in the case of a DES delivery, the meaning specified in Section 4.1(a) of Exhibit C.

              

      

    

    

    

    
      
        	1.35	
                “Effective Date” has the meaning set forth in the preamble to this Master Agreement.

              

      

    

    

    

    
      
        	1.36	
                “Event of Default” has the meaning set forth in Section 10.4(a).

              

      

    

    

    

    
      
        	1.37	
                “Exclusive Economic Zone” has the meaning as used in the United Nations Convention on the Law of the Sea (1982).

              

      

    

    

    

    
      
        	1.38	
                “FOB” has the meaning specified in Incoterms. Should any specific provision of an Agreement conflict with the terms contained in such definition, then the specific provisions of the Agreement shall prevail.

              

      

    

    

    

    
      
        	1.39	
                “Force Majeure” has the meaning set forth in Section 11.1.

              

      

    

    

    

    
      
        	1.40	
                “Gas Supply Area” means an area identified as a Gas Supply Area in a Confirmation.

              

      

    

    

    

    
      
        	1.41	
                “Governmental Authority” means, in respect of any country, any national, regional, state, or local government, any subdivision, agency, commission or authority thereof (including any maritime authorities, port authority or
                    any quasi-governmental agency) having jurisdiction over a Party, Buyer’s Facilities, Buyer’s inventory, Seller’s Facilities, Seller’s inventory, an LNG Vessel, a Transporter, as the case may be, and acting within its legal authority.

              

      

    

    

    

    
      
        	1.42	
                “Gross Heating Value (Mass)” has the meaning set forth in Section 5.2(a) of Exhibit D.

              

      

    

    

    

    
      
        	1.43	
                “Gross Heating Value (Volumetric)” has the meaning set forth in Section 5.2(b) of Exhibit D.

              

      

    

    

    

    
      
        	1.44	
                “Heel” means, with respect to a given Cargo, the volume or quantity of LNG specified in the relevant Confirmation: (i) in the case of a DES delivery, to be retained by the LNG Vessel after unloading of such Cargo; or (ii) in
                    the case of an FOB delivery, expected to be on board the LNG Vessel prior to loading such Cargo.

              

      

    

    

    

    
      
        	1.45	
                “IMO” means the International Maritime Organisation.

              

      

    

    

    

    
      
        	1.46	
                “Incoterms” means the International Rules for the Interpretation of Trade Terms, as published by the International Chamber of Commerce, edition 2000, as may be amended from time to time.

              

      

    

    

    

    
      5

      
        

    

    

    

    
      
        	1.47	
                “Insolvency Event” means with respect to any Person: (i) such Person’s suspension of payment of, or request to any court for a moratorium on payment of, all or a substantial part of such Person’s debts; (ii) such Person’s
                    making of a general assignment or any composition with or for the benefit of its creditors except to the extent otherwise permitted by Section 16.2; (iii) any filing, or consent by answer by such Person to the filing against it, of a
                    petition for relief or reorganisation or arrangement or any other petition in bankruptcy, for liquidation or to take advantage of any bankruptcy, insolvency, reorganisation, moratorium or other similar law of any jurisdiction; or (iv)
                    any order under the bankruptcy or insolvency laws of any jurisdiction: (a) entered for the winding up, bankruptcy, liquidation, dissolution, custodianship or administration with respect to such Person or any substantial part of such
                    Person’s property; (b) constituting an order for relief with respect to such Person; (c) approving a petition for relief or reorganisation or any other petition in bankruptcy or insolvency law with respect to such Person; or (d)
                    approving any petition filed in bankruptcy or insolvency law against such Person.

              

      

    

    

    

    
      
        	1.48	
                “Interest Rate” means an interest rate equal to two (2) percent above LIBOR per annum. Interest in each case shall be calculated on the basis of a three hundred sixty (360) Days per year and shall be paid on the date when
                    payment of the amount due is made.

              

      

    

    

    

    
      
        	1.49	
                “International Association of Classification Societies” means the non-governmental organisation composed of several classification societies established to develop and apply technical standards for the design, construction,
                    and survey of marine-related facilities, including ships and offshore structures.

              

      

    

    

    

    
      
        	1.50	
                “International Standards” means, to the extent not inconsistent with the express requirements of an Agreement, the international standards and practices applicable as of the date of the relevant Confirmation to the design,
                    construction, equipment, operation or maintenance of LNG terminals and vessels, established by the following (such standards to apply in the following order of priority): (i) IMO, (ii) OCIMF, (iii) the Society of International Gas
                    Tanker and Terminal Operators (SIGTTO) (or any successor body of the same) and/or any other internationally recognised agency or organisation with whose standards and practices it is customary for international operators of such ships
                    or terminals to comply.

              

      

    

    

    

    
      
        	1.51	
                “ISO” means the International Organisation for Standardisation.

              

      

    

    

    

    
      
        	1.52	
                “JPS” means Jamaica Public Service Company Limited, operator and owner of the Power Plant (as defined in the Confirmation).

              

      

    

    

    

    
      6

      
        

    

    

    

    
      
        	1.53	
                “Jurisdictional Zone” means the sea area of the country in which the applicable Buyer’s Facilities are located and immediately outside of which transfer of title under an Agreement shall occur pursuant to section 9.2.

              

      

    

    

    

    
      
        	1.54	
                “Liabilities” means all liabilities, costs, claims, disputes, demands, suits, legal or administrative proceedings, judgments, damages, losses and expenses (including reasonable attorneys’ fees and other reasonable costs
                    of litigation or defense), and any and all fines, penalties and assessments of, or responsibilities to, Governmental Authorities.

              

      

    

    

    

    
      
        	1.55	
                “LIBOR” means in relation to any period in respect of which an interest rate is to be determined: (i) the 3 month London interbank offered rate for deposits in US$ which is quoted on the “LIBOR01” page on the Reuter Monitor
                    Money Rates Service (or such other page as may replace such page on such service for the purpose of displaying 3 month London interbank offered rates for deposits in US$) at or about 11.00a.m. London time on the first day of such
                    period; or (ii) if no such rate is quoted at the relevant time, the arithmetic mean (rounded upwards to four decimal places) of the rates quoted by the principal London offices of Lloyds TSB Bank plc, Barclays Bank plc and HSBC Bank plc
                    to prime banks in the London interbank market at or about 11.00 a.m. London time on the first day of such period for deposits in US$, or if the rates referred to in (i) and (ii) above are not available in respect of the relevant period
                    for any reason, such comparable rate as the Parties may agree. For the avoidance of doubt, if LIBOR is negative, it shall be deemed to be zero;

              

      

    

    

    

    
      
        	1.56	
                “Liquefied Natural Gas” or “LNG” means processed Natural Gas in a liquid state, at or below its boiling point and at a pressure of
                    approximately one (1) atmosphere.

              

      

    

    

    

    
      
        	1.57	
                “LNG Custody Transfer Handbook” means the LNG Custody Transfer Handbook, published by the International Group of Liquefied Natural Gas Importers, second edition, 2001 (GIIGNL).

              

      

    

    

    

    
      
        	1.58	
                “LNG Vessel” means an ocean going vessel meeting the requirements of Section 2.6 of Exhibit B in the case of an FOB delivery and Section 2.6 of Exhibit C in the case of a DES delivery and suitable for transporting LNG,
                    which in respect of each delivery pursuant to a Confirmation, shall be identified in the Confirmation (or shall be subsequently agreed between the Parties) and be used for such delivery.

              

      

    

    

    

    
      
        	1.59	
                “Loading Location” means, in respect of a Cargo to be delivered pursuant to a Confirmation, the loading port or location for the Cargo designated pursuant to Section 2.4.

              

      

    

    

    

    
      7

      
        

    

    

    

    
      
        	1.60	
                “Local Time” means the time at the Delivery Point.

              

      

    

    

    

    
      
        	1.61	
                “Master Agreement” has the meaning set forth in the preamble to this Master Agreement.

              

      

    

    

    

    
      
        	1.62	
                “Measurement Dispute” has the meaning set forth in Section 14.2(a).

              

      

    

    

    

    
      
        	1.63	
                “Mitigation Sale” has the meaning set forth in Section 10.2(d).

              

      

    

    

    

    
      
        	1.64	
                “MMBTU” means one million (1,000,000) BTUs.

              

      

    

    

    

    
      
        	1.65	
                “Moody’s” means Moody’s Investor Service, Inc. or its successor.

              

      

    

    

    

    
      
        	1.66	
                “Natural Gas” or “Gas” means any
                    hydrocarbon or mixture of hydrocarbons consisting predominantly of methane which is in a gaseous state.

              

      

    

    

    

    
      
        	1.67	
                “Non-Defaulting Party” has the meaning set forth in Section 10.4(b)(ii).

              

      

    

    

    

    
      
        	1.68	
                “Notice of Readiness” has the meaning, in the case of an FOB delivery, specified in Section 4.1(f) of Exhibit B and, in the case of a DES delivery, specified in Section 4.1(f) of Exhibit C.

              

      

    

    

    

    
      
        	1.69	
                “OCIMF” means the Oil Companies International Marine Forum.

              

      

    

    

    

    
      
        	1.70	
                “Off-Spec LNG” has the meaning set forth in Section 5.2(a).

              

      

    

    

    

    
      
        	1.71	
                “P&I Club” means an independent mutual insurance association that is a member of the International Group of P&I Clubs and provides liability protection to ship owners and charterers against third-party liabilities
                    encountered in their commercial operations.

              

      

    

    

    

    
      
        	1.72	
                “Party” and “Parties” means (i) with respect to
                    this Master Agreement, the Persons identified in the preamble to this Master Agreement, and (ii), with respect to a Confirmation each of Buyer and Seller identified in the Confirmation, and their respective successors and permitted
                    assigns.

              

      

    

    

    

    
      
        	1.73	
                “Party A” has the meaning set forth in the preamble to Exhibit D.

              

      

    

    

    

    
      
        	1.74	
                “Party B” has the meaning set forth in the preamble to Exhibit D.

              

      

    

    

    

    
      
        	1.75	
                “Person” means any individual, sole proprietorship, corporation, trust, company, voluntary association, partnership, joint venture, limited liability company, unincorporated organisation, institution, Governmental Authority or
                    any other legal entity.

              

      

    

    

    

    
      8

      
        

    

    

    

    
      
        	1.76	
                “PBS” means the customary location off Seller’s Facilities, in the case of an FOB delivery, or Buyer’s Facilities, in the case of a DES delivery, at which Pilots customarily board the LNG Vessel or the customary alternative
                    temporary anchorage area as determined by the proper port authorities responsible for regulating the activities of the LNG Vessel berthing facilities.

              

      

    

    

    

    
      
        	1.77	
                “Port Charges” means all charges of whatsoever nature (including rates, tolls, and dues of every description) in respect of an LNG Vessel entering or leaving Seller’s Facilities, in the case of an FOB delivery, or Buyer’s
                    Facilities, in the case of a DES delivery, including charges related to immigration and customs clearance for the LNG Vessel and its crew and charges imposed by fire boats, tugs and escort vessels, the coast guard, a Pilot, and any
                    other Person assisting an LNG Vessel to enter or leave a Seller’s Facilities or a Buyer’s Facilities, as the case may be. Port Charges shall include port use fees, federal, state and local harbor maintenance fees, security fees and
                    assessments, environmental fees, throughput fees and similar fees payable by users of a Seller’s Facilities (or by Seller on behalf of such users) or by users of a Buyer’s Facilities (or by Buyer on behalf of such users), as the case
                    may be, to the local authorities.

              

      

    

    

    

    
      
        	1.78	
                “Qualifying Institution” has the meaning set forth in Section 7.7(a).

              

      

    

    

    

    
      
        	1.79	
                “Qualifying Rating” has the meaning set forth in Section 7.7(a).

              

      

    

    

    

    
      
        	1.80	
                “Reasonable and Prudent Person” means a Person seeking in good faith to perform its contractual obligations, and in so doing, and in the general conduct of its undertaking, exercising that degree of skill, diligence, prudence
                    and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances and conditions.

              

      

    

    

    

    
      
        	1.81	
                “Repurchase Price” means the price, expressed in US$ per MMBTU, at which Buyer or JPS actually acquire from an Affiliate or a Third Party substitute LNG, Natural Gas or ADO in respect of a Seller’s Deficiency Quantity.

              

      

    

    

    

    
      
        	1.82	
                “Seller” means the Party identified as Seller in the Confirmation and its successors and permitted assigns.

              

      

    

    

    

    
      
        	1.83	
                “Seller Indemnified Parties” has the meaning, in the case of an FOB delivery, specified in Section 8.2 of Exhibit B and, in the case of a DES delivery, specified in Section 7.2 of Exhibit C.

              

      

    

    

    

    
      9

      
        

    

    

    

    
      
        	1.84	
                “Seller’s Deficiency Quantity” means the quantity of LNG, expressed in MMBTU, equal to all or part of a relevant Cargo which Seller is unable or fails to deliver pursuant to a relevant Confirmation.

              

      

    

    

    

    
      
        	1.85	
                “Seller’s Facilities” means those facilities located at or proximate to the Loading Location, as further specified in the relevant Confirmation, that are used by Seller for the fulfillment of its obligations under an Agreement,
                    including the reservoirs containing Natural Gas, wells and related facilities in the Gas Supply Area (if any), Natural Gas production facilities (if applicable), pipelines and utilities, Natural Gas treatment, liquefaction and related
                    facilities, LNG storage facilities and loading port facilities where Seller will load LNG, and including all modifications, alterations or additions thereto as they may be made from time to time, whether or not owned and/or controlled
                    by Seller.

              

      

    

    

    

    
      
        	1.86	
                “Seller’s Operator” means the operator of Seller’s Facilities.

              

      

    

    

    

    
      
        	1.87	
                “Ship/Shore Safety Checklist” means the ship/shore safety checklist as published by the OCIMF for use by ship and terminal operators, including guidance on completion procedures and a model loading/unloading plan.

              

      

    

    

    

    
      
        	1.88	
                “Specifications” has the meaning set forth in Section 5.1(a).

              

      

    

    

    

    
      
        	1.89	
                “Standard and Poor’s” means Standard and Poor’s Ratings Services (a division of The McGraw Hill Companies, Inc.) or its successor.

              

      

    

    

    

    
      
        	1.90	
                “Substitute LNG Vessel” has the meaning specified in Section 2.4 of Exhibit B in respect of an FOB delivery and Section 2.4 of Exhibit C in respect of a DES delivery.

              

      

    

    

    

    
      
        	1.91	
                “Tax” and “Taxes” means any and all taxes,
                    charges, royalties, duties or other imposts whatsoever levied by a Governmental Authority on the LNG sold hereunder or on the Natural Gas from which it was derived or in respect of the act, right or privilege of producing, processing or
                    selling that LNG or Natural Gas including any value-added taxes, sales taxes and similar turnover taxes, however, “Tax” and “Taxes” does not include (i) any tax based upon profits, net income or any similar measure ; (ii) Port Charges; and (iii) any state and local franchise, licence, occupation and similar taxes required for the
                    maintenance of corporate existence or to maintain good standing, in each case, that are assessed against a Party.

              

      

    

    

    

    
      
        	1.92	
                “Terminal Rules” means all the rules and regulations applicable (i) in the case of an FOB delivery, to the loading of LNG at Seller’s Facilities at the Loading Location; or (ii) in the case of a DES delivery, to the
                    unloading of LNG at Buyer’s Facilities at the Unloading Location; either issued by the proper Governmental Authorities, Seller’s Operator or Buyer’s Operator, as the case may be.

              

      

    

    

    

    
      10

      
        

    

    

    

    
      
        	1.93	
                “Third Party” means any Person other than a Party or its Affiliate.

              

      

    

    

    

    
      
        	1.94	
                “Transporter” means any Person who owns, operates and/or contracts, in the case of an FOB delivery with Buyer and in the case of a DES delivery with Seller, for the purposes of providing or operating an LNG Vessel.

              

      

    

    

    

    
      
        	1.95	
                “Unloading Location” means, in respect of a Cargo to be delivered pursuant to a Confirmation, the location where the LNG purchased and sold is to be unloaded, as specified in the Confirmation.

              

      

    

    

    

    
      
        	1.96	
                “U.S. Dollar” or “US$” means the lawful currency of the United States of America.

              

      

    

    

    

    
      
        	1.97	
                “Used Laytime” has the meaning, in the case of an FOB delivery, specified in Section 5.1 of Exhibit B and, in the case of a DES delivery, Section 5.1 of Exhibit C.

              

      

    

    

    

    
      
        	1.98	
                “Wilful Misconduct” means intentional and conscious disregard of a Party’s obligations under an Agreement but shall not include, for the avoidance of doubt, any error of judgement or mistake made in good faith by such Party.

              

      

    

    

    

    SECTION 2

    SALE AND PURCHASE

    

    

    
      
        	2.1	
                General

              

      

    

    

    

    Seller shall sell and make available for delivery, or compensate Buyer if not made available for delivery and Buyer shall take delivery
        and pay for, or compensate Seller if not taken, LNG in the quantities and at the prices determined in accordance with the terms and conditions of an Agreement. The Parties agree that there shall be no binding commitment to sell and purchase LNG
        under this Master Agreement unless and until a Confirmation has been executed and delivered by both Parties.

    

    

    
      
        	2.2	
                Transportation

              

      

    

    

    

    Without prejudice to Section 8.6, Buyer, in the case of an FOB delivery, or Seller, in the case of a DES delivery, shall be responsible
        for procuring and providing at its own expense the LNG Vessel to be used for transporting LNG pursuant to an Agreement, and shall, subject to Section 5 of Exhibit B in respect of an FOB delivery and Section 5 of Exhibit C in respect of a DES
        delivery, pay all costs (including shipping costs, Port Charges and insurance costs) associated with, the transportation of LNG from the Loading Location to the Unloading Location, including any other charges or levies associated with the use by
        the LNG Vessel of the Suez Canal, Panama Canal or any other navigational canal, if applicable.

    

    

    
      11

      
        

    

    

    

    
      
        	2.3	
                Confirmation

              

      

    

    

    

    The Parties may, from time to time, by executing a confirmation substantially in the form of Exhibit A (or any other form agreed by the
        Parties) (“Confirmation”), agree to sell and purchase one or more
        Cargoes on the terms set forth in this Master Agreement and in such Confirmation. In the event of a conflict between the terms of the Confirmation and the terms of this Master Agreement, the terms of the Confirmation shall prevail.

    

    

    
      
        	2.4	
                Loading Location

              

      

    

    

    

    
      
        	

              	(a)	
                The Loading Location for each Cargo to be delivered pursuant to a Confirmation shall be the Loading Location, unless Seller validly provides to Buyer notice designating the
                    Alternative Loading Location (if applicable) as the Loading Location for that Cargo pursuant to Section 2.4(b) or the Parties otherwise agree.

              

      

    

    

    

    
      
        	

              	(b)	
                For DES deliveries only, subject to Section 11.6 Seller may give notice to Buyer in respect of one or more Cargoes to be delivered pursuant to a Confirmation designating
                    the Alternative Loading Location (if applicable) as the Loading Location for such Cargo(es), provided that Seller provides such notice no later than 45 Business Days prior to the commencement of the first Delivery Window that applies
                    with respect to such Cargo(es).

              

      

    

    

    

    
      
        	2.5	
                Unloading Location

              

      

    

    

    

    
      
        	

              	(a)	
                The Unloading Location for each Cargo to be delivered pursuant to a Confirmation, shall be the Unloading Location, unless Buyer validly provides to Seller notice
                    designating the Alternative Unloading Location (if applicable) as the Unloading Location for that Cargo pursuant to Section 2.5(b) or the Parties otherwise agree.

              

      

    

    

    

    
      
        	

              	(b)	
                For FOB deliveries only, subject to Section 11.6 Buyer may give notice to Seller in respect of one or more Cargoes to be delivered pursuant to a Confirmation designating
                    the Alternative Unloading Location (if applicable) as the Unloading Location for such Cargo(es), provided that Buyer provides such notice no later than 15 Business Days prior to the commencement of the first Delivery Window that applies
                    with respect to such Cargo(es).

              

      

    

    

    

    
      12

      
        

    

    

    

    SECTION 3

    TERM

    

    

    Subject to the other terms hereof, this Master Agreement shall be effective as of the Effective Date and shall remain in effect until terminated by either
        Party upon thirty (30) days’ written notice to the other Party. Subject to any rights to terminate a Confirmation pursuant to this Master Agreement, in the event a Confirmation has been executed and delivered by the Parties, such notice to
        terminate shall only be effective once all obligations set forth in such Confirmation have been satisfied.

    

    

    SECTION 4

    QUANTITIES

    

    

    The quantity of LNG to be sold, delivered and purchased under an Agreement shall be the number of Cargoes set forth in the applicable Confirmation.
        Notwithstanding that the point of sale, purchase and title transfer for the LNG is as provided in Section 9, the quantity of LNG delivered, sold and purchased shall be determined immediately after Completion of Loading, in the case of an FOB
        delivery, or Completion of Unloading, in the case of a DES delivery, of each LNG Vessel.

    

    

    SECTION 5

    QUALITY AND QUANTITY OF SELLER’S LNG

    

    

    
      
        	5.1	
                Quality and Quantity of Seller’s LNG

              

      

    

    

    

    
      
        	

              	(a)	
                Specifications. LNG sold and delivered by Seller to Buyer at the Delivery Point, when converted
                    into a gaseous state, shall comply with the quality specifications set forth in the applicable Confirmation (“Specifications”).

              

      

    

    

    

    
      
        	

              	(b)	
                Determination of Quantity and Quality. The determination of the quality and quantity of LNG
                    shall be in accordance with Exhibit D and Section 7 of Exhibit B in the case of an FOB delivery, or Exhibit D and Section 6 of Exhibit C in the case of a DES delivery.

              

      

    

    

    

    
      
        	5.2	
                Off-Specification LNG

              

      

    

    

    

    
      
        	

              	(a)	
                If Seller, acting as a Reasonable and Prudent Person, determines prior to loading, in the case of an FOB delivery, or unloading, in the case of a DES delivery, a Cargo that
                    the LNG is expected not to comply with the Specifications (“Off-Spec LNG”) upon such loading or unloading, respectively, then:

              

      

    

    

    

    
      13

      
        

    

    

    

    
      
        	

              	(i)	
                Seller shall give notice to Buyer and Buyer’s Transporter, if applicable, of the extent of the expected variance as soon as practicable (but in no case later than the
                    commencement of the loading, in the case of an FOB delivery, or the unloading, in the case of a DES delivery, of the Cargo);

              

      

    

    

    

    
      
        	

              	(ii)	
                Buyer shall use reasonable endeavours, including coordinating with Buyer’s Transporter, if applicable, and Buyer’s Operator, to accept such LNG where the LNG would be
                    acceptable to Buyer’s Transporter and Buyer’s Operator, each of them acting in their sole discretion (unless Buyer’s Transporter or Buyer’s Operator is Buyer or an Affiliate of Buyer), and would not prejudice the safe and reliable
                    operation of any LNG Vessel, Buyer’s Facilities, and any downstream facilities being supplied regasified LNG;

              

      

    

    

    

    
      
        	

              	(iii)	
                if Buyer can accept delivery of such Cargo, then Buyer shall notify Seller of Buyer’s estimate of the direct costs to be incurred by Buyer, any Affiliate of Buyer, JPS
                    and/or Buyer’s Transporter (if applicable), and Buyer’s Operator in transporting (if applicable) and treating such Off-Spec LNG (or to otherwise make such LNG marketable), and, to the extent Seller agrees to such estimate, Buyer shall
                    take delivery of such Cargo, and Seller shall reimburse Buyer for all reasonable documented direct costs incurred by Buyer (including costs. owed to any Affiliate of Buyer, Buyer’s Transporter and/or JPS (if applicable), and Buyer’s
                    Operator in transporting (if applicable) and treating such Off-Spec LNG (or to otherwise make such LNG marketable) prior to and at Buyer’s Facilities), provided, however, that Seller’s liability shall not exceed one hundred and twenty
                    percent (120%) of the estimate notified by Buyer and agreed by Seller; and

              

      

    

    

    

    
      
        	

              	(iv)	
                if (A) Buyer determines in good faith that it cannot, using reasonable endeavours, receive such Cargo, (B) Seller rejects the cost estimate, or (C) Buyer anticipates that
                    it might be liable for costs that would not otherwise be reimbursed pursuant to Section 5.2(a)(iii), then Buyer shall be entitled to reject such Cargo by giving Seller notice of rejection within forty-eight (48) hours of Buyer’s receipt
                    of Seller’s notice.

              

      

    

    

    

    
      
        	

              	(b)	
                If Off-Spec LNG is delivered to Buyer without Buyer being made aware of the fact that such Off-Spec LNG does not comply with the Specifications, or without Buyer being made
                    aware of the actual extent to which such Off-Spec LNG does not comply with the Specifications, then:

              

      

    

    

    

    
      14

      
        

    

    

    

    
      
        	

              	(i)	
                Buyer shall use reasonable endeavours, including coordinating with Buyer’s Transporter (if applicable) and Buyer’s Operator, to accept such LNG where the LNG is acceptable
                    to Buyer’s Transporter and Buyer’s Operator, each of them acting in their sole discretion (unless Buyer’s Transporter or Buyer’s Operator is Buyer or an Affiliate of Buyer), and does not prejudice the safe and reliable operation of any
                    LNG Vessel, Buyer’s Facilities, and any downstream facilities being supplied regasified LNG;

              

      

    

    

    

    
      
        	

              	(ii)	
                if Buyer can accept delivery of such LNG, then Buyer shall notify Seller of Buyer’s estimate of the direct costs to be incurred by Buyer, any Affiliate of Buyer, JPS and/or
                    Buyer’s Transporter (if applicable), and Buyer’s Operator in transporting (if applicable) and treating such Off-Spec LNG (or to otherwise make such LNG marketable), and, to the extent Seller agrees to such estimate, Buyer shall accept
                    such Cargo, and Seller shall reimburse Buyer for all reasonable documented direct costs incurred by Buyer (including costs owed to any Affiliate of Buyer, JPS and/or Buyer’s Transporter (if applicable), and Buyer’s Operator in
                    transporting (if applicable) and treating such Off-Spec LNG (or to otherwise make such LNG marketable) prior to and at Buyer’s Facilities), provided, however, that Seller’s liability shall not exceed one hundred percent (100%) of the
                    product of the delivered quantity of such Off-Spec LNG and the Contract Sales Price; provided however that Buyer, any Affiliate of Buyer, Transporter, and the operator of the Buyer’s Facilities shall not be required to incur costs in
                    excess of those reimbursable by Seller; or

              

      

    

    

    

    
      
        	

              	(iii)	
                if Buyer determines in good faith that it cannot, using reasonable endeavours, transport (if applicable) and treat such Off-Spec LNG to meet the Specifications (or to make
                    such LNG marketable) or Seller does not accept Buyer’s estimate of the cost to treat such Off-Spec LNG provided pursuant to Section 5.2(b)(ii), then:

              

      

    

    

    

    
      
        	

              	(A)	
                Buyer shall be entitled to reject such Off-Spec LNG by giving Seller notice of such rejection as soon as practicable, and in any case within seventy-two (72) hours after
                    (x) Seller notifies Buyer in writing that such LNG is Off-Spec LNG and the actual extent to which such Off-Spec LNG does not comply with the Specifications or (y) Buyer becomes aware that such LNG is Off-Spec LNG, whichever occurs
                    first;

              

      

    

    

    

    
      15

      
        

    

    

    

    
      
        	

              	(B)	
                Buyer shall be entitled to dispose of the delivered portion of such Off-Spec LNG (or regasified LNG produced therefrom) in any manner that Buyer, acting in accordance with
                    the standards of a Reasonable and Prudent Person, deems appropriate including, in the case of an FOB delivery, by directing Seller to offload such Off- Spec LNG at the Loading Location; and

              

      

    

    

    

    
      
        	

              	(C)	
                Seller shall reimburse Buyer in respect of and indemnify and hold Buyer harmless from all direct loss, damage, costs and expenses incurred by Buyer, any Affiliate of Buyer,
                    Buyer’s Transporter, Buyer’s Operator or JPS as a result of the delivery of such Off-Spec LNG, including in connection with the handling, treatment or safe disposal of such Off-Spec LNG or other LNG being held at Buyer’s Facilities or
                    being carried onboard the LNG Vessel which was contaminated by it, the loss in value of any other LNG supplies in the LNG Vessel or at Buyer’s Facilities (other than the Off-Spec LNG delivered to Buyer), where such loss in value results
                    from blending the Off-Spec LNG with other LNG supplies in the LNG Vessel or at Buyer’s Facilities, cleaning or clearing the LNG Vessel and Buyer’s Facilities, damage caused to the LNG Vessel and Buyer’s Facilities and in respect of any
                    subsequent delay or liability in loading or unloading LNG at the Unloading Location provided, however, that Seller’s liability shall not exceed one hundred percent (100%) of the product of the Deemed Cargo Quantity for the Cargo
                    specified in the Confirmation and the Contract Sales Price.

              

      

    

    

    

    
      
        	

              	(c)	
                If a Cargo is rejected in accordance with Section 5.2(a)(iv) or 5.2(b)(iii), Seller shall be deemed to have failed to make available such Cargo and Section 10.3 shall
                    apply.

              

      

    

    

    

    
      
        	

              	(d)	
                Where Buyer takes delivery of quantities of LNG which fail to comply with the Specifications, whether knowingly or unknowingly, any payments under this Section 5.2 shall be
                    Buyer’s sole and exclusive remedy (in tort, including negligence, and contract) against Seller or Seller’s Transporter for Seller’s failure to comply with its obligations pursuant to Section 5.1.

              

      

    

    

    

    
      
        	

              	(e)	
                Seller makes no representation or warranty as to the quality of the LNG delivered to Buyer other than as to the Specifications provided in the Confirmation.

              

      

    

    

    

    
      16

      
        

    

    

    

    
      
        	

              	(f)	
                Acceptance of Off-Spec LNG shall not prevent Buyer from refusing future deliveries of Off-Spec LNG. No waiver by Buyer of any default by Seller of any of the specifications
                    set forth in this Section 5 shall ever operate as a continuing waiver of such specification or as a waiver of any subsequent default, whether of a like or different character.

              

      

    

    

    

    SECTION 6

    CONTRACT SALES PRICE

    

    

    The contract sales price (“Contract Sales Price”) applicable to
        the quantities of LNG to be sold and purchased under an Agreement shall be expressed in U.S. Dollars per million British Thermal Units “US$/MMBTU” and shall be
        as set forth in the applicable Confirmation for each Cargo.

    

    

    SECTION 7

    INVOICES AND PAYMENT

    

    

    
      
        	7.1	
                Invoices and Cargo Documents for FOB Deliveries

              

      

    

    

    

    The provisions of this Section 7.1 shall apply to FOB deliveries:

    

    

    
      
        	

              	(a)	
                Promptly after Completion of Loading of the LNG Vessel at Seller’s Facilities, Seller or its representative shall furnish to Buyer and to the applicable Governmental
                    Authority, if required by law in the country where the Loading Location is located, a certificate of volume loaded, prepared in accordance with Exhibit B, and such other documents Buyer or a Governmental Authority reasonably requires
                    for the purpose of Loading Location or Unloading Location customs clearance.

              

      

    

    

    

    
      
        	

              	(b)	
                Seller shall, as soon as practicable, but in no event later than forty-eight (48) hours after Completion of Loading, complete (or cause to be completed) a laboratory
                    analysis and calculations to determine the quality and BTU content of the LNG loaded. Following completion of such laboratory analysis, Seller shall send to Buyer a quality certificate and invoice showing:

              

      

    

    

    

    
      
        	

              	(i)	
                the MMBTU content of the LNG loaded, calculated in accordance with the provisions of Exhibit B, together with any relevant documents showing the basis for such calculation;

              

      

    

    

    

    
      
        	

              	(ii)	
                the Contract Sales Price in respect of such LNG;

              

      

    

    

    

    
      17

      
        

    

    

    

    
      
        	

              	(iii)	
                the sum due from Buyer in respect of the Cargo, which will be calculated by multiplying the relevant MMBTU content by the Contract Sales Price; and

              

      

    

    

    

    
      
        	

              	(iv)	
                any value added taxes, sales taxes or similar turnover taxes imposed on Buyer as a result of the sale of LNG hereunder and required to be collected by Seller and remitted
                    to the Governmental Authority but subject to Section 8.

              

      

    

    

    

    
      
        	

              	(c)	
                If Seller is unable to determine, without delay, the quantity of LNG loaded and delivered, expressed in MMBTU, in accordance with the provisions of Section 7.1(b) or such
                    quantity is not immediately determined as final, Seller shall provide Buyer with a provisional commercial invoice based upon the Deemed Cargo Quantity for the Cargo, which invoice shall include any value added taxes, sales taxes or
                    similar turnover taxes imposed on Buyer as a result of the sale of LNG hereunder and required to be collected by Seller and remitted to the Governmental Authority but subject to Section 8, and such provisional invoice shall be payable
                    on the due date specified in Section 7.4(a), subject only to any later adjusting payment that may be called for, when the aforesaid quantity of LNG loaded and delivered is final and an appropriate invoice issued in respect thereof.

              

      

    

    

    

    
      
        	7.2	
                Invoices and Cargo Documents for a DES Delivery

              

      

    

    

    

    The provisions of this Section 7.2 shall apply to each DES delivery:

    

    

    
      
        	

              	(a)	
                In the case of a DES delivery, Seller shall send to Buyer information about the expected quality of the LNG promptly after completion of loading of such LNG, and Seller
                    shall, promptly after Seller has access to the information, send the quantity and quality certificate with respect to the loaded LNG in order for Buyer to inform the Buyer’s Operator.

              

      

    

    

    

    
      
        	

              	(b)	
                In the case of a DES delivery, prior to the commencement of unloading at the Unloading Location, Seller or its representative shall send to Buyer such documentation as
                    Buyer reasonably requires for the purpose of Unloading Location customs clearance. Promptly after Completion of Unloading of a Cargo, Seller or its representative shall furnish to Buyer a certificate of volume unloaded, prepared in
                    accordance with Exhibit C. Buyer shall, in accordance with the provisions of Exhibit C, within forty-eight (48) hours of Completion of Unloading, complete a laboratory analysis to determine the quality and BTU content of the LNG
                    unloaded. Following completion of such laboratory analysis, Buyer shall send to Seller a copy of the results of such laboratory analysis. Upon receiving such results, Seller shall send to Buyer an invoice showing:

              

      

    

    

    

    
      18

      
        

    

    

    

    
      
        	

              	(i)	
                the MMBTU content of the LNG unloaded, calculated in accordance with the provisions of Exhibit C, together with any relevant documents showing the basis for such
                    calculation;

              

      

    

    

    

    
      
        	

              	(ii)	
                the Contract Sales Price in respect of such LNG;

              

      

    

    

    

    
      
        	

              	(iii)	
                the sum due from Buyer in respect of the Cargo, which will be calculated by multiplying the relevant MMBTU content by the Contract Sales Price; and

              

      

    

    

    

    
      
        	

              	(iv)	
                any value added taxes, sales taxes or similar turnover taxes imposed on Buyer as a result of the sale of LNG hereunder and required to be collected by Seller and remitted
                    to the Governmental Authority but subject to Section 8.

              

      

    

    

    

    
      
        	

              	(c)	
                In the case of a DES delivery, if the laboratory analysis has not been completed and sent to Seller within forty-eight (48) hours of the Completion of Unloading of the
                    Cargo, Seller may furnish to Buyer a provisional invoice based upon the typical BTU content and typical mol composition analysis of LNG then being delivered by Seller from the Loading Location to other buyers which invoice shall include
                    any value added taxes, sales taxes, or similar turnover taxes imposed on Buyer as a result of the sale of LNG hereunder and required to be collected by Seller and remitted to the Governmental Authority but subject to Section 8, and such
                    provisional invoice shall be payable on the due date specified in Section 7.4. Such payment shall be subject to a later adjustment invoice when the relevant laboratory analysis has been completed.

              

      

    

    

    

    
      
        	

              	(d)	
                In the case of a DES delivery, if the Parties have designated in the applicable Confirmation that prepayment shall apply then Buyer shall (i) transfer to Seller’s bank
                    account pursuant to Section 7.5 following receipt of a prepayment invoice from Seller, an amount in cleared funds designated in the applicable Confirmation and calculated in Seller’s prepayment invoice and (ii) such amount shall be
                    transferred no later than the number of Days prior to the applicable Delivery Window as designated in the applicable Confirmation and stated as a date in Seller’s prepayment invoice (each a “Preliminary Invoice”). Promptly following the Completion of Unloading of a Cargo or a Mitigation Sale (as applicable),

              

      

    

    

    

    
      19

      
        

    

    

    

    Seller shall send to Buyer by facsimile and/or by electronic mail, a final invoice showing the amount payable in relation to that Cargo
        (each a “Final Invoice”), together with, if applicable, any copy of
        documents concerning the Cargo as may reasonably be requested by the Buyer for the purposes of customs clearance at the Unloading Port including, if applicable, an invoice showing the amount payable calculated pursuant to Section 7.2(b). After
        final determination of the quantity of LNG delivered, and/or after the determination of the final Contract Sales Price or the amount due from Buyer pursuant to Section 10.2(e) for the Cargo, which shall not be unreasonably delayed, Seller shall
        promptly issue a rectified Final Invoice in respect of that Cargo and provide Buyer with such rectified Final Invoice via facsimile and/or by electronic email. At the time that such rectified Final Invoice is issued, Seller shall as soon as
        reasonably practicable thereafter send to Buyer a signed copy of the rectified Final Invoice by mail. The appropriate adjustment payment, if any, (including interests as calculated pursuant to Section 7.4(c)) shall be made by Buyer or Seller (as
        applicable) to the other within eight (8) Business Days from the date of receipt by Buyer via facsimile and/or by electronic email of the rectified Final Invoice.

    

    

    
      
        	7.3	
                Other Invoices

              

      

    

    

    

    Except as provided in Section 7.1 or Section 7.2, in the event that any sums of money are due from one Party to the other Party
        hereunder, then the Party to whom such sums of money are owed shall furnish to the other Party an invoice therefor, together with relevant supporting documents showing the basis for the calculation thereof.

    

    

    
      
        	7.4	
                Invoice Due Dates

              

      

    

    

    

    
      
        	

              	(a)	
                Each invoice referred to in Section 7.1 and Section 7.2 for LNG delivered to Buyer shall become due, and payable by the tenth (10th) Business Day following Buyer’s receipt
                    of the invoice. For this purpose, an e-mail or facsimile copy of an invoice shall be deemed received by Buyer on the next Business Day after it was sent.

              

      

    

    

    

    
      
        	

              	(b)	
                Except as otherwise expressly provided in an Agreement, each invoice delivered pursuant to Section 7.3 shall become due and payable by the Party receiving the invoice on or
                    before the twentieth (20th) day after the date of receipt of such invoice. For this purpose, an e-mail or facsimile copy of an invoice shall be deemed received by the receiving Party on the next Business Day after it was sent.

              

      

    

    

    

    
      20

      
        

    

    

    

    
      
        	

              	(c)	
                In the event the full amount of any invoice payable hereunder is not paid when due as provided in Sections 7.4(a), (b) and (d) and in accordance with Section 7.5, any
                    unpaid amount thereof shall bear interest from the due date until paid at the Interest Rate.

              

      

    

    

    

    
      
        	

              	(d)	
                If prepayment is designated in the applicable Confirmation, in the event the full amount of any prepayment is not paid when due then such non-payment shall constitute an
                    event of default pursuant to Section 10.4(a)(i).

              

      

    

    

    

    7.5          Payment

    

    

    Subject to Section 8, each Party shall pay or cause to be paid, on or before the due date, in U.S. Dollars, all amounts that become due
        and payable by such Party to the other Party pursuant to either an invoice issued hereunder or a prepayment amount being due and payable. Such payments shall be made by wire transfer in immediately available funds good for value in the United
        States of America or other country, as designated in the applicable Confirmation, to such account or accounts with such bank and in such location as shall have been designated by Seller in the Confirmation or separately designated by Buyer in
        writing.

    

    

    
      
        	7.6	
                Disputed Invoices

              

      

    

    

    

    In the event a Party disputes any invoice, it shall make provisional payment of the total amount thereof and shall immediately notify
        the other Party of the reasons for such dispute, except that in the case of an obvious error in computation, the Party that received the invoice shall pay the correct amount disregarding such error. An invoice may be contested by the Party that
        received it, or modified by the Party that sent it, by written notice delivered to the other Party within a period of ninety (90) days after such receipt or
        sending, as the case may be. If no such notice is served, such invoice shall be deemed correct and accepted by both Parties. Promptly after resolution of any dispute as to an invoice, the amount of any overpayment or underpayment shall be paid by
        Seller or Buyer (as the case may be) to the other Party, together with interest thereon at the Interest Rate from the date of overpayment or underpayment, as the case may be, until the date of payment.

    

    

    
      
        	7.7	
                Credit Support

              

      

    

    

    

    
      
        	

              	(a)	
                Unless otherwise agreed by the Parties, within five (5) Business Days after the execution of a Confirmation by both Parties, in the case a Party has not been assigned a
                    senior unsecured long-term debt rating or issuer rating of at least “BBB-” by Standard and Poor’s and “Baa3” by Moody’s (such rating being a “Qualifying
                      Rating”), such Party shall, at its election or as designated in the applicable Confirmation, provide to the other Party:

              

      

    

    

    

    
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              	(i)	
                a parent company guarantee, in an amount and tenor acceptable to the other Party, from a guarantor assigned a Qualifying Rating;

              

      

    

    

    

    
      
        	

              	(ii)	
                prepayment in an amount and on such terms as acceptable to the other Party; or

              

      

    

    

    

    
      
        	

              	(iii)	
                an irrevocable standby letter of credit, in an amount, tenor and form acceptable to the other Party, provided by a first class international bank having a senior unsecured
                    long-term debt rating of at least “A” from Standard & Poor’s or “A3” from Moody’s (such bank being a “Qualifying Institution”).

              

      

    

    

    

    
      
        	

              	(b)	
                If:

              

      

    

    

    

    
      
        	

              	(i)	
                a Party had a Qualifying Rating at the time of execution of a Confirmation but fails to maintain a Qualifying Rating at any time there are obligations under the
                    Confirmation that have not been satisfied, or

              

      

    

    

    

    
      
        	

              	(ii)	
                a Party’s guarantor fails to maintain a Qualifying Rating at any time there are obligations under the Confirmation that have not been satisfied,

              

      

    

    

    

    then such Party, if it had not previously elected to do so, shall within three (3) Business Days following such failure, provide to the
        other Party an irrevocable standby letter of credit from a Qualifying Institution in an amount, tenor and form reasonably acceptable to the other Party.

    

    

    
      
        	7.8	
                No Setoff

              

      

    

    

    

    Except as set forth in Sections 7.1, 7.2 and 7.6, each payment of any amount owing under an Agreement shall be for the full amount due,
        without deduction, withholding or offset for any reason (including any exchange charges, bank transfer charges, and any other Third Party fees).

    

    

    
      22

      
        

    

    

    

    SECTION 8

    TAXES, DUTIES AND CHARGES

    

    

    
      
        	8.1	
                Tax Obligations

              

      

    

    

    

    
      
        	

              	(a)	
                Seller shall pay (or cause to be paid) all Taxes arising from or as a result of the sale, transportation or export (if applicable) of LNG before the point where title to
                    the LNG transfers under any Confirmation and all Taxes levied or imposed on or in respect of the Seller’s Facilities and in the case of a DES delivery, the LNG Vessel. Seller shall indemnify Buyer in respect of any such Taxes which
                    arise before the point where title to the LNG transfers, which Buyer is obliged to pay excluding for the avoidance of doubt any taxes on Buyer’s income (including on any payments made under this Master Agreement and any Confirmation).

              

      

    

    

    

    
      
        	

              	(b)	
                Buyer shall pay (or cause to be paid) all Taxes arising from or as a result of the purchase, transportation or import (if applicable) of LNG at or after the point where
                    title to the LNG transfers under any Confirmation and all Taxes levied or imposed on or in respect of Buyer’s Facilities and in the case of a FOB delivery, the LNG Vessel. Buyer shall indemnify Seller in respect of any such Taxes which
                    arise after the point where title to the LNG transfers, which Seller is obliged to pay excluding for the avoidance of doubt any taxes on Seller’s income (including on any payments made under this Master Agreement and any Confirmation).

              

      

    

    

    

    
      
        	

              	(c)	
                For the avoidance of doubt, payments contemplated under an Agreement are exclusive of any value added (ad valorem) taxes, sales taxes or similar turnover taxes, which shall additionally be charged where appropriate on
                    any taxable supply made by a Party under the terms of an Agreement and shall be paid by the Party receiving the taxable supply upon receipt of a valid invoice from the Party making the taxable supply.

              

      

    

    

    

    
      
        	8.2	
                Deduction or Withholding

              

      

    

    

    

    In relation to any payment due from one Party to the other Party pursuant to an Agreement, if the paying Party is required by law to
        make any deduction or withholding the sum payable to the other Party shall be increased by such additional sums as necessary so that after making all required deductions and withholding of Taxes, the other Party receives an amount equal to the sum
        it would have received had no such deductions or withholdings of Taxes been made.

    

    

    
      23

      
        

    

    

    

    
      
        	8.3	
                Tax Refunds

              

      

    

    

    

    If a Party has made a payment pursuant to Sections 8.1 or 8.2 (other than any value added taxes, sales taxes, or similar turnover taxes
        imposed on Buyer as a result of the sale of LNG hereunder and required to be collected by Seller and remitted to the Governmental Authority) and the recipient of such payment actually receives a refund in respect of the Taxes for which the payment
        was made (whether by way of actual receipt, credit, set-off, or otherwise), then the Party receiving the refund shall reimburse to the other Party an amount equal to the refund, less actual and verifiable costs incurred in obtaining the refund, and
        less Taxes levied or leviable for that refund. If a Party is entitled to a refund for the Taxes that gave rise to a payment made pursuant to Section 8.1 or 8.2, then that Party shall use reasonable endeavours to secure the refund.

    

    

    
      
        	8.4	
                Procedure for Payment of Taxes

              

      

    

    

    

    If either Buyer or Seller becomes aware of a potential or actual liability to make any payment of Taxes that might give rise to a claim
        or payment pursuant to Sections 8.1 or 8.2, it shall give notice of the circumstances to the other Party as soon as reasonably practicable, to allow both Buyer and Seller reasonable opportunity to seek to minimize their liability for such Taxes,
        acting always in compliance with the laws of the relevant country and giving reasonable assistance to the other in doing so.

    

    

    
      
        	8.5	
                Other Charges

              

      

    

    

    

    
      
        	

              	(a)	
                In the case of an FOB delivery, Buyer shall pay, indemnify and hold Seller harmless from and against all Port Charges imposed on the use by the LNG Vessel of the Loading
                    Location; provided, however, that such Port Charges, if
                    imposed by Seller, an Affiliate of Seller, or Seller’s Operator, shall be imposed on a non-discriminatory basis with respect to other similar users of the Loading Location.

              

      

    

    

    

    
      
        	

              	(b)	
                In the case of a DES delivery, Seller shall pay, indemnify and hold Buyer harmless from and against all Port Charges imposed on the use by the LNG Vessel of the Unloading
                    Location; provided, however, that such Port Charges, if imposed by Buyer, an Affiliate of Buyer, or Buyer’s Operator, shall be imposed on a non-discriminatory basis with respect to other similar users of the Unloading Location.

              

      

    

    

    

    
      24

      
        

    

    

    

    SECTION 9

    TRANSFER OF TITLE AND RISK OF LOSS

    

    

    
      
        	9.1	
                Title and Risk of Loss

              

      

    

    

    

    Unless specified otherwise in a Confirmation, delivery of LNG shall be deemed completed and title to and risk of loss
        of such LNG shall pass from Seller to Buyer as the LNG passes the Delivery Point.  In no case shall Seller be the importer of record of LNG sold and delivered hereunder.

    

    

    
      
        	9.2	
                Title and Risk of Loss (Offshore Title Transfer)

              

      

    

    

    

    
      
        	

              	(a)	
                The Parties may agree in a Confirmation that this Section 9.2 applies in respect of a DES delivery.

              

      

    

    

    

    
      
        	

              	(b)	
                If this Section 9.2 applies in respect of a DES delivery:

              

      

    

    

    

    
      
        	

              	(i)	
                title to LNG to be sold by Seller and purchased by Buyer pursuant to a Confirmation shall pass from Seller to Buyer at the last point where the LNG Vessel carrying such LNG
                    is entirely outside the territorial waters of the country of the Unloading Location;

              

      

    

    

    

    
      
        	

              	(ii)	
                risk of loss of LNG shall pass from Seller to Buyer as the LNG passes the Delivery Point;

              

      

    

    

    

    
      
        	

              	(iii)	
                title to and the risk of loss of Natural Gas vapor returned to the LNG Vessel during unloading of LNG shall pass from Buyer to Seller as it passes the point at which the
                    outlet flange of the vapor return line of Buyer’s Facilities connects with the inlet flange of the vapor return line of the LNG Vessel; and

              

      

    

    

    

    
      
        	

              	(iv)	
                title to any LNG and Natural Gas vapor remaining on the LNG Vessel after Completion of Unloading, title to which is held by Buyer, shall revert from Buyer to Seller at the
                    first point where such LNG Vessel is entirely outside of the territorial waters of the country of the Unloading Location.

              

      

    

    

    

    
      
        	

              	(c)	
                Buyer grants to Seller and Transporter a licence to use as fuel such quantities of LNG and Natural Gas in the LNG Vessel as reasonably required to enable the LNG Vessel to
                    continue its voyage:

              

      

    

    

    

    
      
        	

              	(i)	
                from the point at which title to LNG to be sold by Seller and purchased by Buyer passes from Seller to Buyer pursuant to Section 9.2(b)(i) inward bound to the Unloading
                    Location;

              

      

    

    

    

    
      
        	

              	(ii)	
                during berthing and unloading at the Buyer’s Facilities; and

              

      

    

    

    

    
      25

      
        

    

    

    

    
      
        	

              	(iii)	
                in respect of the Heel and fuel, from the Unloading Location outward bound until the LNG Vessel exits entirely the territorial waters of the country of the Unloading
                    Location,

              

      

    

    

    

    and such licence shall automatically become effective without further action by Buyer or Seller from the point at which title to LNG to
        be sold by Seller and purchased by Buyer passes from Seller to Buyer (inward bound to the Unloading Port) and shall not require payment or other consideration for LNG and Natural Gas to pass from Seller to Buyer.

    

    

    
      
        	

              	(d)	
                If all or part of a Cargo scheduled to be delivered to Buyer is cancelled following transfer of the title to LNG pursuant to section 9.2(b)(i), then title to all LNG and
                    Natural Gas in such Cargo that has not been delivered by Seller to Buyer shall revert from Buyer to Seller:

              

      

    

    

    

    
      
        	

              	(i)	
                if the LNG Vessel exits the territorial waters of the country of the Unloading Location prior to discharging the Cargo, at the first point where the LNG Vessel is entirely
                    outside the territorial waters of the country of the Unloading Location following the effectiveness of such cancellation; or

              

      

    

    

    

    
      
        	

              	(ii)	
                if the LNG Vessel does not exit the territorial waters of the country of the Unloading Location prior to discharging the cargo, immediately upon notice from Seller to
                    Buyer, but no later than upon the actual discharge of the Cargo.

              

      

    

    

    

    
      
        	

              	(e)	
                Nothing in this Section 9.2 with respect to the transfer of title and risk shall affect the calculation of the quantity of LNG made available to, or taken by, Buyer and the
                    Contract Sales Price to be paid by Buyer for such LNG pursuant to any Agreement.

              

      

    

    

    

    
      
        	

              	(f)	
                Buyer and/or its Affiliates shall obtain, or cause to be obtained, any import licence or other official authorisation it may require and carry out, or assist the LNG Vessel
                    in carrying out, as applicable, all customs formalities necessary for the import of the LNG into the country where Buyer’s Facilities are located.

              

      

    

    

    

    
      26

      
        

    

    

    

    SECTION 10

    LIABILITIES, DEFAULT AND REMEDIES

    

    

    
      
        	10.1	
                Consequential Loss or Damage; Indemnification; Remedies

              

      

    

    

    

    
      
        	

              	(a)	
                For breach of any provision for which an express remedy or measure of damages is provided, such express remedy or measure of damages shall be the sole and exclusive remedy.
                    A Party’s liability hereunder shall be limited as set forth in such provision, and all other remedies or damages at law or in equity are waived. If no remedy or measure of damages is expressly provided herein or in a Confirmation, a
                    Party’s liability shall be limited to direct actual damages only. Such direct actual damages shall be the sole and exclusive remedy, and all other remedies or damages at law or in equity are waived. Unless expressly herein provided,
                    neither Party shall be liable for consequential, incidental, punitive, exemplary or indirect damages, lost profits or other business interruption damages, by statute, in tort or contract, unless and to the extent such damages are
                    recoverable or recovered by a Third Party in a claim for which a Party has agreed to indemnify the other Party hereunder. It is the intent of the Parties that the limitations herein imposed on remedies and the measure of damages be
                    without regard to the cause or causes related thereto, including the negligence of any Party, whether such negligence be sole, joint or concurrent, or active or passive. To the extent any damages required to be paid hereunder are
                    liquidated, the Parties acknowledge that the damages are difficult or impossible to determine or otherwise obtaining an adequate remedy is inconvenient and the damages calculated hereunder constitute a reasonable approximation of the
                    harm or loss, and each Party waives any right to claim or assert, in any arbitration or expert determination in any action with respect to an Agreement, that any such liquidated damages do not constitute a reasonable approximation of
                    the harm or loss or otherwise are not enforceable damages.

              

      

    

    

    

    
      
        	

              	(b)	
                Except with respect to claims for injunctive relief under Section 14.1, a Party’s sole remedy against the other Party for nonperformance or breach of an Agreement or for
                    any other claim of whatsoever nature arising out of or in relation to an Agreement shall be in contract and no Party shall be liable to another Party (or its Affiliates and contractors and their respective members, directors, officers,
                    employees and agents) in respect of any Liabilities which arise out of, under or in any alleged breach of statutory duty or tortious act or omission or otherwise.

              

      

    

    

    

    
      
        	10.2	
                Buyer’s Failure to Take Delivery

              

      

    

    

    

    
      
        	

              	(a)	
                If, for any reason other than (i) an event of Force Majeure or (ii) Seller’s default, Buyer expressly notifies Seller in writing that it will fail to take or Buyer fails to
                    take delivery of all or part of a Cargo pursuant to a relevant Confirmation, the Parties shall use reasonable endeavours to reschedule delivery of such Cargo. In order to reschedule the cargo, the Parties must mutually agree on an
                    alternative Delivery Window and the allocation of any associated costs.

              

      

    

    

    

    
      27

      
        

    

    

    

    
      
        	

              	(b)	
                In the event, after using reasonable endeavours, the Parties are unable to reschedule delivery of such Cargo within sixty (60) hours after the end of the Delivery Window,
                    then it shall be considered as Buyer’s failure to take delivery of the amount by which the Deemed Cargo Quantity exceeds the quantity delivered, if any, (“Buyer’s

                      Deficiency Quantity”) and Buyer shall pay Seller, as a result of Buyer’s failure to take delivery, the amount obtained by subtracting the sum of: (i) the proceeds from a Mitigation Sale, if any, plus (ii) any cost savings
                    (including shipping costs) realised by Seller from the sum of: (iii) the Contract Sales Price multiplied by the Buyer’s Deficiency Quantity plus (iv) additional shipping and logistics costs, reasonable marketing costs and other expenses
                    incurred by Seller, if any, due to Buyer’s failure to take delivery. If such amount is negative, Buyer shall not be liable to make any payment with respect to the Buyer’s Deficiency Quantity and Seller shall retain such amount.

              

      

    

    

    

    
      
        	

              	(c)	
                Notwithstanding the foregoing, if the Buyer’s Deficiency Quantity is within the Confirmation’s operational tolerance, the Buyer’s Deficiency Quantity shall be zero and the
                    amount Buyer shall pay Seller shall be zero US$.

              

      

    

    

    

    
      
        	

              	(d)	
                Seller shall use reasonable endeavours to mitigate its Liabilities resulting from Buyer’s failure to take the Buyer’s Deficiency Quantity by reselling such Buyer’s
                    Deficiency Quantity (whether as LNG, Gas, or regasified LNG) to a Third Party or an Affiliate at a commercially reasonable price in the circumstances in respect of the Buyer’s Deficiency Quantity (each such sale a “Mitigation Sale”); except that any sale of a quantity of LNG (or Gas or regasified LNG) by Seller to any Third Party or Affiliate that Seller was
                    already obligated to make at the earlier to occur of: (i) Buyer’s failure to take such LNG; or (ii) Buyer’s notice to Seller that it will not take such LNG, shall not be a Mitigation Sale unless so agreed by Seller at its sole
                    discretion. If Seller enters into a Mitigation Sale with an Affiliate, Seller must provide to Buyer such supporting information as Buyer reasonably requests to demonstrate that the Mitigation Sale achieves a commercially reasonable
                    price in the circumstances in respect of the Buyer’s Deficiency Quantity.

              

      

    

    

    

    
      
        	

              	(e)	
                In the event Seller, using reasonable endeavours, cannot find an alternative buyer for part or all of the Buyer’s Deficiency Quantity, Buyer shall pay to Seller the amount
                    obtained by taking the product of the Contract Sales Price multiplied by the MMBTUs of the Buyer’s Deficiency Quantity which could not be resold. The payments expressed in this Section 10.2 shall be Seller’s sole and exclusive remedy
                    for Buyer’s failure to take delivery as provided herein. Any payment that Buyer makes under this Section 10.2 shall not be treated as consequential, incidental, punitive, exemplary or indirect damages, lost profits or other business
                    interruption damages for purposes of Section 10.1.

              

      

    

    

    

    
      28

      
        

    

    

    

    
      
        	

              	(f)	
                Buyer shall have the right to cause a Third Party acceptable to Seller, such acceptance not to be unreasonably withheld, to audit Seller’s accounts to verify any amounts
                    described in this Section 10.2, subject to such Third Party auditor executing a confidentiality agreement reasonably acceptable to Seller.

              

      

    

    

    

    
      
        	10.3	
                Seller’s Failure to Deliver

              

      

    

    

    

    
      
        	

              	(a)	
                If, for any reason other than (i) an event of Force Majeure or (ii) Buyer’s default, Seller expressly notifies Buyer in writing that it will fail to deliver or fails to
                    deliver all or part of a Cargo pursuant to a relevant Confirmation, the Parties shall use reasonable endeavours to reschedule delivery of such Cargo. In order to reschedule the cargo, the Parties must mutually agree on scheduling of an
                    alternate delivery date and cost allocation thereof.

              

      

    

    

    

    
      
        	

              	(b)	
                In the event, after using reasonable endeavours, the Parties are unable to reschedule delivery of such Cargo within sixty (60) hours after the end of the Delivery Window
                    then, it shall be considered as Seller’s failure to deliver the amount by which the Deemed Cargo Quantity exceeds the quantity delivered, if any, (“Seller’s

                      Deficiency Quantity”) and Seller shall pay Buyer, as a result of Seller’s failure to deliver, the amount equal to (i) to the extent Buyer or JPS do not purchase substitute LNG, Gas or ADO to replace the Seller’s Deficiency
                    Quantity, Buyer’s and JPS’s costs that could not be reasonably avoided and any unrecovered costs associated with terminating its resale arrangements in respect of the Seller’s Deficiency Quantity, including the corresponding costs that
                    could not be reasonably avoided and unrecovered costs of Buyer’s Facilities, capacity reservation; transportation, reasonable marketing costs and other expenses incurred by Buyer, if any, incurred as a result of Seller’s failure to
                    deliver; or (ii) if Buyer or JPS purchase substitute LNG, Gas or ADO to replace the Seller’s Deficiency Quantity, the amount by which the Repurchase Price exceeds the Contract Sales Price, multiplied by the Seller’s Deficiency Quantity,
                    plus additional shipping and logistics costs, if any, plus other reasonable expenses incurred by Buyer or JPS as a result of Seller’s failure to deliver, if any; provided, however, that Seller’s liability to Buyer pursuant to this Section 10.3(b) shall be limited to and not exceed one
                    hundred (100%) of the Contract Sales Price multiplied by the Seller’s Deficiency Quantity, save with respect to any Seller’s Deficiency Quantity resulting from Seller’s Wilful Misconduct in which case the cap on Seller’s liability in
                    this Section 10.3(b) shall not apply.

              

      

    

    

    

    
      29

      
        

    

    

    

    
      
        	

              	(c)	
                Notwithstanding the foregoing, if the Seller’s Deficiency Quantity is within the Confirmation’s operational tolerance, the Seller’s Deficiency Quantity shall be zero and
                    the amount Seller shall pay Buyer shall be zero US$.

              

      

    

    

    

    
      
        	

              	(d)	
                Buyer shall use reasonable endeavours to mitigate Seller’s liability to make any payments pursuant to this Section 10.3, including by using reasonable endeavours to
                    minimise the Repurchase Price.

              

      

    

    

    

    
      
        	

              	(e)	
                The payments expressed in this Section 10.3 shall be Buyer’s sole and exclusive remedy for Seller’s failure to deliver as provided herein. Any payment that Seller makes
                    under this Section 10.3 shall not be treated as consequential, incidental, punitive, exemplary or indirect damages, lost profits or other business interruption damages for purposes of Section 10.1.

              

      

    

    

    

    
      
        	

              	(f)	
                Seller shall have the right to cause a Third Party acceptable to Buyer, such acceptance not to be unreasonably withheld, to audit Buyer’s accounts to verify any amounts
                    described in this Section 10.3, subject to such Third Party auditor executing a confidentiality agreement reasonably acceptable to Buyer.

              

      

    

    

    

    
      
        	10.4	
                Events of Default

              

      

    

    

    

    
      
        	

              	(a)	
                Events of Default. In relation to either Party, each of the following shall constitute an event
                    of default (“Event of Default”):

              

      

    

    

    

    
      
        	

              	(i)	
                a Party does not pay and/or prepay (as applicable) on the due date in accordance with Section 7.4 and/or the applicable Confirmation and Seller’s prepayment invoice and in
                    the currency in which it is expressed to be payable any amount payable by it under an Agreement and such non-payment is not remedied within five (5) Business Days after the due date;

              

      

    

    

    

    
      
        	

              	(ii)	
                a Party fails to perform or comply with its obligation to provide Buyer’s Facilities, LNG Vessel and/or Seller’s Facilities in accordance with Exhibit B or C (as
                    applicable) and such failure continues unremedied for a period of fifteen (15) days following receipt of written notice of such default from the other Party; provided, however, that such an Event of Default shall not occur where such
                    failure is during a period of Force Majeure.

              

      

    

    

    

    
      30

      
        

    

    

    

    
      
        	

              	(iii)	
                a Party is the subject of an Insolvency Event;

              

      

    

    

    

    
      
        	

              	(iv)	
                any representation or warranty made by a Party under an Agreement shall prove to be untrue when made in any material respect;

              

      

    

    

    

    
      
        	

              	(v)	
                (A) (i) any letter of credit or any document evidencing other credit support (each, a “Credit

                      Support Document”) provided by a Party expires or terminates while payment obligations under a Confirmation remain outstanding or the institution providing the letter of credit or otherwise holding such other credit support
                    ceases to be a Qualifying Institution and (ii) in the case of an expiring or terminated letter of credit, such letter of credit is not replaced by the Party which provided it at least three (3) Business Days prior to the expiration or
                    termination thereof; (B) a Party fails to comply with or perform all or any of its obligations under a Credit Support Document or (C) the party disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the
                    validity of, such Credit Support Document (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

              

      

    

    

    

    
      
        	

              	(vi)	
                (i) any parent company guarantee required to be provided to the other Party under an Agreement is not provided within the period set out in Section 7.7, or is withdrawn or
                    terminated except pursuant to its terms, (ii) the guarantor ceases to comply with the requirements of Section 7.7(a) and following a request from the other Party such Party does not provide a letter of credit to the other Party within
                    the period specified in Section 7.7(b), or (iii) the guarantor fails to comply with or perform all or any of its obligations under the guarantee;

              

      

    

    

    

    
      
        	

              	(vii)	
                any step is taken by any competent authority with a view to the seizure, compulsory acquisition, expropriation or nationalisation of all or substantially all of the assets
                    of a Party, provided that an Event of Default shall not occur where such Party is contesting such action in good faith by appropriate means, unless and until such time as there is a material risk of all or substantially all of such
                    Party’s assets being so seized, compulsorily acquired, expropriated or nationalised; and

              

      

    

    

    

    
      
        	

              	(viii)	
                a Party violates Section 17.3 or 18.10.

              

      

    

    

    

    
      31

      
        

    

    

    

    
      
        	

              	(b)	
                Effect of an Event of Default.

              

      

    

    

    

    
      
        	

              	(i)	
                Occurrence of an Event of Default in relation to a Party shall cause such Party to be a defaulting Party (“Defaulting Party”).

              

      

    

    

    

    
      
        	

              	(ii)	
                Without prejudice to the rights of the Parties pursuant to an Agreement, on and at any time after the occurrence of an Event of Default, the Party not subject to such Event
                    of Default (the “Non-Defaulting Party”) may, while such Event of Default subsists, by giving written notice to the Defaulting Party, suspend
                    performance of its obligations under the Agreement and/or immediately draw amounts due under an Agreement on the credit support documents provided by the Defaulting Party or its guarantor under the Agreement. In the event of such
                    suspension, the Defaulting Party shall not be relieved of any of its obligations under an Agreement, including its obligation to take any LNG. During the period that such suspension is effective, the Non-Defaulting Party shall have no
                    obligation to make any cargoes available or take any cargoes (as appropriate).

              

      

    

    

    

    
      
        	

              	(iii)	
                In the event of any default, breach or negligence by either Party in relation to the performance or non-performance of their respective obligations under an Agreement, the
                    other Party shall use all reasonable endeavours to promptly mitigate the Liabilities resulting from the default, breach or negligence.

              

      

    

    

    

    
      
        	

              	(c)	
                Termination on Event of Default. On the occurrence of an Event of Default, the Non-Defaulting
                    Party may, at any time thereafter while such Event of Default subsists and without prejudice to any of its other rights, terminate either the relevant Agreement or all Agreements by giving notice to the Defaulting Party terminating
                    either the relevant Agreement or all Agreements immediately provided however that if such Event of Default is due to an administrative error then the Defaulting Party shall be granted a period of three (3) Business Days from the date of
                    the Non-Defaulting Party’s notice in Section 10.4(b)(ii) to remedy such Event of Default. During such remedy period the Non-Defaulting Party’s rights under Section 10.4(b)(ii) shall remain unaffected.

              

      

    

    

    

    
      32

      
        

    

    

    

    SECTION 11

    FORCE MAJEURE

    

    

    
      
        	11.1	
                Force Majeure

              

      

    

    

    

    Neither Party shall be liable to the other Party for any failure to perform, or for any delay in performing, any obligation under any
        Agreement to the extent such Party’s performance is prevented, interfered with or delayed (in whole or in part) as a result of any event or circumstance beyond the reasonable control of such Party as long as such Party acted as a Reasonable and
        Prudent Person (such event or circumstance being referred to as a “Force Majeure”), except with respect to any payment due or obligation to indemnify
        hereunder, which shall not be excused pursuant to this Section 11.

    

    

    
      
        	11.2	
                Examples of Force Majeure

              

      

    

    

    

    
      
        	

              	(a)	
                General. Subject to Section 11.1 and except for the events and circumstances set forth in
                    Section 11.2(b) that relate to LNG Vessels, Force Majeure shall include the following events and circumstances:

              

      

    

    

    

    
      
        	

              	(i)	
                act of God, fire, explosion, flood, atmospheric disturbance, lightning, storm, hurricane, typhoon, tornado, earthquake, landslide, soil erosion, subsidence, washout or
                    epidemic;

              

      

    

    

    

    
      
        	

              	(ii)	
                war (whether declared or undeclared), riot, civil war, blockade, insurrection, civil disturbances of any kind, or acts of or the serious threat of acts of sabotage or
                    terrorism;

              

      

    

    

    

    
      
        	

              	(iii)	
                strike, lockout or other industrial disturbance;

              

      

    

    

    

    
      
        	

              	(iv)	
                serious accidental damage to or other serious failure of Seller’s Facilities or the Loading Location, which damage or failure reduces the amount of LNG which Seller is able
                    to deliver hereunder;

              

      

    

    

    

    
      
        	

              	(v)	
                serious accidental damage to or other serious failure of Buyer’s Facilities or the Unloading Location necessary for the performance of an Agreement, which damage or failure
                    reduces the amount of LNG which Buyer is able to receive hereunder;

              

      

    

    

    

    
      
        	

              	(vi)	
                any non-discriminatory acts of a Governmental Authority, including the withdrawal of any necessary Approval.

              

      

    

    

    

    
      33

      
        

    

    

    

    The specific Force Majeure events listed in this Section 11.2(a) shall not be construed as excluding any other event as long as such
        event meets the requirements of Section 11.1.

    

    

    
      
        	

              	(b)	
                LNG Vessels. Subject to Section 11.1, Force Majeure shall include the following events and
                    circumstances as to an LNG Vessel:

              

      

    

    

    

    
      
        	

              	(i)	
                act of God, fire, explosion, flood, atmospheric disturbance, lightning, storm, hurricane, typhoon, tornado, or epidemic;

              

      

    

    

    

    
      
        	

              	(ii)	
                war (whether declared or undeclared), riot, civil war, blockade, insurrection, civil disturbance, or act of or the serious threat of acts of sabotage, piracy or terrorism;

              

      

    

    

    

    
      
        	

              	(iii)	
                strike, lockout, mutiny or other industrial disturbance;

              

      

    

    

    

    
      
        	

              	(iv)	
                the inoperability or removal of the LNG Vessel from service due to loss, serious accidental damage or other serious failure; and

              

      

    

    

    

    
      
        	

              	(v)	
                any non-discriminatory acts of a Governmental Authority, including the withdrawals of any Approval.

              

      

    

    

    

    The specific Force Majeure events listed in this Section 11.2(b) shall not be construed as excluding any other event as long as such
        event meets the requirement of Section 11.1.

    

    

    
      
        	

              	(c)	
                Events Not Force Majeure. The following events shall not constitute Force Majeure:

              

      

    

    

    

    
      
        	

              	(i)	
                the unavailability of funds to pay amounts when due in the currency of payment;

              

      

    

    

    

    
      
        	

              	(ii)	
                the ability of Seller or Buyer to obtain better economic terms for LNG from an alternative supplier or buyer, as applicable;

              

      

    

    

    

    
      
        	

              	(iii)	
                changes in either Party’s market factors, default of payment obligations or other commercial, financial or economic conditions, including failure or loss of any of Buyer’s
                    or Seller’s LNG markets;

              

      

    

    

    

    
      
        	

              	(iv)	
                in the case of an FOB delivery, any event at Buyer’s Facilities or the Unloading Location which occurs after a Cargo has been delivered from Seller’s Facilities.

              

      

    

    

    

    
      34

      
        

    

    

    

    
      
        	11.3	
                Notice

              

      

    

    

    

    Upon the occurrence of a Force Majeure event that prevents, interferes with or delays the performance by Buyer or Seller, in whole or in
        part, of any of its obligations hereunder, the Party affected shall promptly give notice thereof to the other Party describing such event and stating the obligations the performance of which are affected (either in the original or in supplemental
        notices) and stating, as applicable:

    

    

    
      
        	

              	(a)	
                the time at which the Force Majeure event arose, the estimated period during which performance may be prevented, interfered with or delayed, including, to the extent known
                    or ascertainable, the estimated extent of such reduction in performance;

              

      

    

    

    

    
      
        	

              	(b)	
                the particulars of the program to be implemented to resume normal performance hereunder; and

              

      

    

    

    

    
      
        	

              	(c)	
                the anticipated portion of the LNG that will not be delivered or received, as the case may be, by reason of Force Majeure.

              

      

    

    

    

    Such notices shall thereafter be updated at a reasonable frequency during the period of such claimed Force Majeure specifying the
        actions being taken to remedy the circumstances causing such Force Majeure.

    

    

    
      
        	11.4	
                Measures

              

      

    

    

    

    The Party affected by the Force Majeure shall use reasonable endeavours to resume performance promptly. Prior to resumption of normal
        performance, the Parties shall continue to perform their obligations under an Agreement to the extent not excused by such event of Force Majeure. Neither Party shall have any further obligations with respect to any LNG that was not delivered as a
        result of an event of Force Majeure.

    

    

    
      
        	11.5	
                Settlement of Industrial Disturbances

              

      

    

    

    

    Settlement of strikes, lockouts, or other industrial disturbances shall be entirely within the discretion of the Party experiencing such
        situations, and nothing herein shall require such Party to settle industrial disputes by yielding to demands made on it when it considers such action inadvisable.

    

    

    
      
        	11.6	
                Existing Force Majeure

              

      

    

    

    

    Seller shall not be entitled to nominate any Loading Location, Alternative Loading Location, alternative Seller’s Facilities, LNG
        Vessel, Alternative LNG Vessel or Substitute LNG Vessel affected by Force Majeure, except where Seller can reasonably demonstrate to the reasonable satisfaction of Buyer that such Force Majeure event will have terminated prior to the date of
        nomination by Seller and that performance of Seller’s obligations under the applicable Agreement will be unaffected by the Force Majeure event. Buyer shall not be entitled to nominate an Alternative LNG Vessel, Substitute LNG Vessel, Alternative
        Unloading Location or alternative Buyer’s Facilities affected by Force Majeure, except where Buyer can reasonably demonstrate to the reasonable satisfaction of Seller that such Force Majeure event will have terminated prior to the date of
        nomination by Buyer and that performance of Buyer’s obligations under the applicable Agreement will be unaffected by the Force Majeure event.

    

    

    
      35

      
        

    

    

    

    
      
        	11.7	
                Termination for prolonged Force Majeure

              

      

    

    

    

    If an event of Force Majeure occurs and is continuing for an uninterrupted period longer than one hundred twenty (120) days such that it
        prevents a Party from performing all or substantially all of its obligations under the Confirmation, then the unaffected Party shall be entitled to cancel the relevant Cargo with immediate effect without liability to the other Party by giving
        written notice to the other Party. For the avoidance of doubt, thereafter Buyer may purchase a replacement cargo from other suppliers and Seller may sell affected cargoes to other buyers. Seller shall not be required to deliver make-up cargoes to
        Buyer in respect of amounts that Seller is excused from supplying by reason of Force Majeure. Buyer shall not be required to receive make-up cargoes from Seller in respect of amounts that Buyer is excused from purchasing by reason of Force Majeure.

    

    

    
      
        	11.8	
                Related Parties

              

      

    

    

    

    For the purposes of Sections 11.1 and 11.2, an event shall not be considered to be beyond the reasonable control of a Party unless:

    

    

    
      
        	

              	(a)	
                in the case of Seller, it is beyond the reasonable control of Seller, the operator of Seller’s Facilities and in the case of a DES delivery, Seller’s Transporter, and any
                    servant or agent of such Persons;

              

      

    

    

    

    
      
        	

              	(b)	
                in the case of Buyer, it is beyond the reasonable control of Buyer, the operator(s) of Buyer’s Facilities and in the case of an FOB delivery, Buyer’s Transporter, and any
                    servant or agent of such Persons.

              

      

    

    

    

    
      36

      
        

    

    

    

    SECTION 12

    NOTICES

    

    

    
      
        	12.1	
                Except as otherwise specifically provided, all notices authorised or required between the Parties by any of the provisions of an Agreement shall be in writing (in English)
                    and delivered in person or by courier service or e-mail, and addressed to such Party. Oral communication does not constitute notice for purposes of an Agreement, and telephone numbers for the Parties are listed as a matter of
                    convenience only. The foregoing notwithstanding, notices given from LNG Vessels at sea may be given by radio or by e-mail. Except as specifically provided otherwise in Section 7, a notice given under any provision of an Agreement shall
                    be deemed delivered only when actually received by the Party to whom such notice is directed, and the time for such Party to deliver any notice in response to such originating notice shall run from the date the originating notice is
                    actually received. Each Party shall have the right to change its address at any time and/or designate that copies of all such notices be directed to another Person at another address by giving written notice thereof to the other Party.

              

      

    

    

    

    
      
        	12.2	
                The Parties have designated the following addresses for purposes of notices:

              

      

    

    	
             

              

            Centrica LNG Company Limited

             

              

          	
             

              

            NFE North Trading Limited

             

          
	
            Address:

            Millstream

            Maidenhead Road

            Windsor

            Berkshire

            SL4 5GD

            United Kingdom

            Attention:

            LNG Contracts Manager

            Telephone: +44(0) 1753 494000

            Email: clng@centrica.com

          	
            Address:

            New Venture House

            3 Mill Creek Road

            Pembroke HM05, Bermuda

            Attention: Jack Finlay

            Email: jfinlay@newfortressenergy.com

             

            With a copy to:

             

            c/o New Fortress Energy LLC

            1345 Avenue of the Americas,

            Floor 45

            New York, NY 10105

            Attention: Blair Marsteller

            Telephone: + (212) 479 3117

             

            Email: bmarsteller@newfortressenergy.com

          
	
             

            Operational Matters:

          	 
	 	 
	
            CLNGOPS@centrica.com

          	 

    

    

    
      37

      
        

    

    

    

    SECTION 13

    APPLICABLE LAW

    

    

    This Agreement shall be governed by and construed in accordance with the laws of the State of New York (United States of America) without regard to
        principles of conflict of laws that would specify the use of other laws.

    

    

    SECTION 14

    DISPUTE RESOLUTION

    

    

    
      
        	14.1	
                Dispute Resolution

              

      

    

    

    

    
      
        	

              	(a)	
                Arbitration. Any Dispute (other than a Dispute submitted to an Expert under Section 14.2) shall
                    be exclusively and definitively resolved through final and binding arbitration, it being the intention of the Parties that this is a broad form arbitration agreement designed to encompass all possible claims and disputes under this
                    Agreement.

              

      

    

    

    

    
      
        	

              	(b)	
                Rules. The arbitration shall be conducted in accordance with the International Arbitration
                    Rules (the “Rules”) of the American Arbitration Association (“AAA”)

                    (as then in effect).

              

      

    

    

    

    
      
        	

              	(c)	
                Number of Arbitrators. The arbitral tribunal shall consist of three (3) arbitrators, who shall
                    endeavor to complete the final hearing in the arbitration within six (6) months after the appointment of the last arbitrator.

              

      

    

    

    

    
      
        	

              	(d)	
                Method of Appointment of the Arbitrators. If there are only two (2) parties to the Dispute,
                    then each party to the Dispute shall appoint one (1) arbitrator within thirty (30) Days of the filing of the arbitration, and the two arbitrators so appointed shall select the presiding arbitrator within thirty (30) Days after the
                    latter of the two arbitrators has been appointed by the parties to the Dispute. If a party to the Dispute fails to appoint its party-appointed arbitrator or if the two party-appointed arbitrators cannot reach an agreement on the
                    presiding arbitrator within the applicable time period, then the AAA shall serve as the appointing authority and shall appoint the remainder of the three arbitrators not yet appointed. If the arbitration is to be conducted by three
                    arbitrators and there are more than two parties to the Dispute, then within thirty (30) Days of the filing of the arbitration, all claimants shall jointly appoint one arbitrator and all respondents shall jointly appoint one arbitrator,
                    and the two arbitrators so appointed shall select the presiding arbitrator within thirty (30) Days after the latter of the two arbitrators has been appointed by the parties to the Dispute. For the purposes of appointing arbitrators
                    under this Section 14.1, (a) Buyer, any credit support required to be delivered to Seller pursuant to the terms of an Agreement and all persons whose interest in an Agreement derives from them shall be considered as one party; and (b)
                    Seller and all persons whose interest in an Agreement derives from Seller shall be considered as one party. If either all claimants or all respondents fail to make a joint appointment of an arbitrator, or if the party-appointed
                    arbitrators cannot reach an agreement on the presiding arbitrator within the applicable time period, then the AAA shall serve as the appointing authority and shall appoint the remainder of the three (3) arbitrators not yet appointed.

              

      

    

    

    

    
      38

      
        

    

    

    

    
      
        	

              	(e)	
                Consolidation. If the Parties initiate multiple arbitration proceedings under an Agreement
                    and/or under any credit support required to be delivered to Seller pursuant to the terms of this Agreement, the subject matters of which are related by common questions of law or fact and which could result in conflicting awards or
                    obligations, then either Party may request prior to the appointment of the arbitrators for such multiple or subsequent Disputes that all such proceedings be consolidated into a single arbitral proceeding. Such request shall be directed
                    to the AAA, which shall consolidate appropriate proceedings into a single proceeding unless consolidation would result in undue delay for the arbitration of the Disputes.

              

      

    

    

    

    
      
        	

              	(f)	
                Place of Arbitration. Unless otherwise agreed by all parties to the Dispute, the place of
                    arbitration shall be New York City, State of New York.

              

      

    

    

    

    
      
        	

              	(g)	
                Language. The arbitration proceedings shall be conducted in the English language, and the
                    arbitrators shall be fluent in the English language.

              

      

    

    

    

    
      
        	

              	(h)	
                Entry of Judgment. The award of the arbitral tribunal shall be final and binding. Judgment on
                    the award of the arbitral tribunal may be entered and enforced by any court of competent jurisdiction. The Parties agree that service of process for any action to enforce an award may be accomplished according to the procedures of
                    Section 12, as well as any other procedure authorized by law.

              

      

    

    

    

    
      39

      
        

    

    

    

    
      
        	

              	(i)	
                Notice. All notices required for any arbitration proceeding shall be deemed properly given if
                    given in accordance with Section 12.

              

      

    

    

    

    
      
        	

              	(j)	
                Qualifications and Conduct of the Arbitrators. All arbitrators shall be and remain at all times
                    wholly impartial, and, once appointed, no arbitrator shall have any ex parte communications with any of the parties to the Dispute concerning the arbitration or the underlying Dispute other than communications directly concerning the
                    selection of the presiding arbitrator, where applicable.

              

      

    

    

    

    
      
        	

              	(k)	
                Interim Measures. Any party to the Dispute may apply to a court in New York City, State of New
                    York for interim measures (a) prior to the constitution of the arbitral tribunal (and thereafter as necessary to enforce the arbitral tribunal’s rulings); or (b) in the absence of the jurisdiction of the arbitral tribunal to rule on
                    interim measures in a given jurisdiction. The Parties agree that seeking and obtaining such interim measures shall not waive the right to arbitration. The arbitrators (or in an emergency the presiding arbitrator acting alone in the
                    event one or more of the other arbitrators is unable to be involved in a timely fashion) may grant interim measures including injunctions, attachments and conservation orders in appropriate circumstances, which measures may be
                    immediately enforced by court order. Hearings on requests for interim measures may be held in person, by telephone, by video conference or by other means that permit the parties to the Dispute to present evidence and arguments.

              

      

    

    

    

    
      
        	

              	(1)	
                Costs and Attorneys’ Fees. The arbitral tribunal is authorized to award costs of the
                    arbitration in its award, including: (a) the fees and expenses of the arbitrators; (b) the costs of assistance required by the tribunal, including its Experts; (c) the fees and expenses of the administrator; (d) the reasonable costs for
                    legal representation of a successful Party; and (e) any such costs incurred in connection with an application for interim or emergency relief and to allocate those costs between the parties to the Dispute. The costs of the arbitration
                    proceedings, including attorneys’ fees, shall be borne in the manner determined by the arbitral tribunal.

              

      

    

    

    

    
      
        	

              	(m)	
                Interest. The award shall include pre-award and post-award interest, as determined by the
                    arbitral award, from the date of any default or other breach of this Agreement until the arbitral award is paid in full. Interest shall accrue at a rate per annum equal to two percent (2%) above LIBOR (as in effect on the Day such award
                    was issued) on and from the Day when such award was issued until the date of its repayment, provided that, without prejudice to the other terms of this Agreement, if such period lasts longer than ninety (90) Days, the applicable LIBOR
                    rate for each successive term of ninety (90) Days during that period shall be that in effect on the first Day of that ninety (90) Day period. Interest shall accrue from Day to Day and be calculated on the basis of a three hundred sixty
                    (360) Day year.

              

      

    

    

    

    
      40

      
        

    

    

    

    
      
        	

              	(n)	
                Currency of Award. The arbitral award shall be made and payable in USD, free of any tax or
                    other deduction.

              

      

    

    

    

    
      
        	

              	(o)	
                Waiver of Challenge to Decision or Award. To the extent permitted by law, the Parties hereby
                    waive any right to appeal from or challenge any arbitral decision or award, or to oppose enforcement of any such decision or award before a court or any governmental authority, except with respect to the limited grounds for modification
                    or non-enforcement provided by any applicable arbitration statute or treaty.

              

      

    

    

    

    
      
        	

              	(p)	
                Confidentiality. Any arbitration or expert determination relating to a Dispute (including a
                    settlement resulting from an arbitral award, documents exchanged or produced during an arbitration proceeding, and memorials, briefs or other documents prepared for the arbitration) shall be confidential and may not be disclosed by the
                    Parties, their employees, officers, directors, counsel, consultants, and expert witnesses, except (in accordance with Section 15) to the extent necessary to enforce this Section 14.1 or any arbitration award, to enforce other rights of
                    a party to the Dispute, or as required by law; provided, however,
                    that breach of this confidentiality provision shall not void any settlement, expert determination or award.

              

      

    

    

    

    
      
        	14.2	
                Expert Determination

              

      

    

    

    

    
      
        	

              	(a)	
                In the event of any disagreement between the Parties regarding measurement and testing as per Section 5.1(b) or any other Dispute which the Parties agree to submit to an
                    expert (in either case, a “Measurement Dispute”), the Parties hereby agree that such Measurement Dispute shall be resolved by an expert selected as
                    provided in this Section 14.2. The expert is not an arbitrator of the Measurement Dispute and shall not be deemed to be acting in an arbitral capacity. The Party desiring an expert determination shall give the other Party to the
                    Measurement Dispute notice of the request for such determination. If the Parties to the Measurement Dispute are unable to agree upon an expert within ten (10) days after receipt of the notice of request for an expert determination,
                    then, upon the request of any of the Parties to the Measurement Dispute, the AAA shall appoint such expert and shall administer such expert determination. The expert shall be and remain at all times wholly impartial, and, once
                    appointed, the expert shall have no ex parte communications with any of the Parties to the Measurement Dispute concerning the expert
                    determination or the underlying Measurement Dispute. The Parties to the Measurement Dispute shall cooperate fully in the expeditious conduct of such expert determination and provide the expert with access to all facilities, books,
                    records, documents, information and personnel necessary to make a fully informed decision in an expeditious manner. Before issuing a final decision, the expert shall issue a draft report and allow the Parties to the Measurement Dispute
                    to comment on it. The expert shall endeavor to resolve the Measurement Dispute within thirty (30) days (but not later than sixty (60) days) after his appointment, taking into account the circumstances requiring an expeditious resolution
                    of the matter in dispute.

              

      

    

    

    

    
      41

      
        

    

    

    

    
      
        	

              	(b)	
                The expert’s decision shall be final and binding on the Parties to the Measurement Dispute unless challenged in an arbitration pursuant to Section 14.1 within thirty (30)
                    days of the date the expert’s decision. If challenged, (i) the decision shall remain binding and be implemented unless and until finally replaced by an award of the arbitrators; (ii) the decision shall be entitled to a rebuttable
                    presumption of correctness; and (iii) the expert shall not be appointed in the arbitration as an arbitrator or as advisor to either Party without the written consent of both Parties.

              

      

    

    

    

    
      
        	

              	(c)	
                In the event that a Party requests expert determination for a Measurement Dispute which raises issues that require determination of other matters in addition to correct
                    measurement and testing as per Section 5.1(b), then either Party may elect to refer the entire Measurement Dispute for arbitration under Section 14.1. In such case, the arbitrators shall be competent to make any measurement
                    determination that is part of a Dispute. An expert determination not referred to arbitration shall proceed and shall not be stayed during the pendency of an arbitration.

              

      

    

    

    

    
      
        	

              	(d)	
                The costs and expenses of the expert in settling or determining such Measurement Dispute shall be borne by the losing Party unless the expert determines otherwise.

              

      

    

    

    

    
      42

      
        

    

    

    

    SECTION 15

    CONFIDENTIALITY

    

    

    
      
        	15.1	
                Confidentiality Obligation

              

      

    

    

    

    Neither an Agreement nor information or documents that come into the possession of a Party by means of the other Party may be used or
        communicated to Persons (other than the Parties) without the consent of the other Party, which shall not be unreasonably withheld, except that either Party shall have the right to disclose such information or documents without obtaining the other
        Party’s prior consent in any of the situations described below:

    

    

    
      
        	

              	(a)	
                to accountants, other professional consultants or underwriters, provided such disclosure is solely to assist the purpose for which the aforesaid were so engaged and further
                    provided that such Persons agrees or is obligated by professional standards to hold such information or documents under terms of confidentiality equivalent to this Section 15.1, and for the benefit of the Parties;

              

      

    

    

    

    
      
        	

              	(b)	
                to lenders and other providers or prospective providers of finance to either Party;

              

      

    

    

    

    
      
        	

              	(c)	
                to bona fide potential equity investors;

              

      

    

    

    

    
      
        	

              	(d)	
                to bona fide prospective purchasers of all or a part of a Party’s or its Affiliate’s business, and bona fide prospective assignees of all or part of a Party’s interest in
                    an Agreement, provided that such Persons agree to hold such information or documents under terms of confidentiality equivalent to this Section 15.1, and for the benefit of the Parties;

              

      

    

    

    

    
      
        	

              	(e)	
                to legal counsel, provided such disclosure is solely to assist the purpose for which the aforesaid were so engaged;

              

      

    

    

    

    
      
        	

              	(f)	
                to a court, Governmental Authority or stock exchange, if required by any court of law or any law, rule, or regulation, or if requested by a Governmental Authority
                    (including the United States Securities and Exchange Commission) having or asserting jurisdiction over a Party and having or asserting authority to require such disclosure in accordance with that authority, or pursuant to the rules of
                    any recognised stock exchange or agency established in connection therewith;

              

      

    

    

    

    
      
        	

              	(g)	
                to prospective assignees permitted under Section 16, to prospective and actual LNG suppliers, relevant operators, and Transporters, in each case only to the extent required
                    for the execution and/or administration of contracts with such Persons;

              

      

    

    

    

    
      43

      
        

    

    

    

    
      
        	

              	(h)	
                to its Affiliates, its shareholders and partners, or its shareholders’ and partners’ Affiliates, provided that such recipient entity has a bona fide business need for such
                    information;

              

      

    

    

    

    
      
        	

              	(i)	
                to any Government Authorities to the extent such disclosure assists Buyer and Seller in obtaining or maintaining Approvals;

              

      

    

    

    

    
      
        	

              	(j)	
                to an expert in connection with the resolution of a Measurement Dispute pursuant to Section 14.2 or to an arbitration tribunal in connection with the resolution of a
                    Dispute under Section 14.1;

              

      

    

    

    

    
      
        	

              	(k)	
                to any Third Party as reasonably necessary for the performance of a Party’s obligations under an Agreement, provided that such Persons agree to hold such information or
                    documents under terms of confidentiality equivalent to this Section 15.1, and for the benefit of the Parties; and

              

      

    

    

    

    
      
        	

              	(1)	
                to the extent any such information or document (i) has entered the public domain other than through the fault or negligence of the Party making the disclosure, (ii) was
                    independently developed by the recipient, or (iii) was already known to the recipient from sources other than the other Party.

              

      

    

    

    

    
      
        	15.2	
                Public Announcements

              

      

    

    

    

    Neither Party may issue or make any public announcement, press release or statement regarding an Agreement unless, prior to the release
        of the public announcement, press release or statement, such Party furnishes the other Party with a copy of such announcement, press release or statement, and obtains the approval of the other Party, such approval not to be unreasonably withheld;
        provided that, notwithstanding any failure to obtain such approval, no Party shall be prohibited from issuing or making any such public announcement, press release or statement if, in the sole discretion of the disclosing Party, it is deemed
        appropriate to do so in order to comply with the applicable laws, rules or regulations of any Governmental Authority, legal proceedings or stock exchange having jurisdiction over such Party or its Affiliates.

    

    

    SECTION 16

    ASSIGNMENT

    

    

    
      
        	16.1	
                Assignment with Prior Consent

              

      

    

    

    

    
      
        	

              	(a)	
                Except as otherwise provided in Sections 16.1(d) and 16.2, neither Party shall have the right to assign an Agreement or any of its rights under an Agreement without the
                    prior written consent of the other Party (which consent shall not be unreasonably withheld or unduly delayed), and any purported assignment without the consent of the other Party shall be void.

              

      

    

    

    

    
      44

      
        

    

    

    

    
      
        	

              	(b)	
                For a Party to assign this Agreement under Section 16.1(a) or 16.1(d):

              

      

    

    

    

    
      
        	

              	(i)	
                the assignee shall have (1) a Qualifying Rating higher than that of the assigning Party or its credit support provider, as applicable, or (2) provide equivalent credit
                    support to the other Party, in accordance to Section 7.7, prior to such novation or assignment; and

              

      

    

    

    

    
      
        	

              	(ii)	
                such assignee shall assume all of the obligations of the assigning Party under an Agreement commencing as of the date of the assignment by execution of a copy of an
                    Agreement in its own name (countersigned by the other Party) or by execution of a binding assignment and assumption agreement which is enforceable by such other Party.

              

      

    

    

    

    
      
        	

              	(c)	
                Upon the assignment by Seller or Buyer of an Agreement in accordance with Section 16.1(a), the assignor shall be released from all further obligations, duties and
                    liabilities under the Agreement, other than any obligations, duties and liabilities arising prior to the date of effectiveness of such assignment.

              

      

    

    

    

    
      
        	

              	(d)	
                Subject to each Party’s acceptable know-your-client due diligence, either Party shall be entitled to assign its rights and transfer its obligations under an Agreement to
                    any of its Affiliates, provided that the original assigning Party and each subsequent assignee (having itself assigned to an Affiliate) shall be fully liable under the Agreement in the event of non-fulfillment of its obligations under
                    the Agreement by an assignee.

              

      

    

    

    

    
      
        	16.2	
                Assignment of Rights for Security and Payment

              

      

    

    

    

    A Party may assign without the other Party’s consent: (i) its rights to payment under an Agreement to a trust, trustee, bank, paying
        agent, financial entity or other Person for the purposes of any bona fide financing or in order to facilitate the making of any such payment; and (ii) any of its rights under an Agreement to any lender or agent or trustee of such lender as security
        for its obligations to any such lender under any such financing.

    

    

    
      45

      
        

    

    

    

    SECTION 17

    REPRESENTATIONS AND WARRANTIES

    

    

    
      
        	17.1	
                Representations and Warranties of the Parties

              

      

    

    

    

    As of the date hereof and until the termination or expiration of an Agreement, each Party represents, undertakes and warrants that:

    

    

    
      
        	

              	(a)	
                it is and shall remain duly formed and in good standing under the laws of its respective place of incorporation;

              

      

    

    

    

    
      
        	

              	(b)	
                it has the requisite power, authority and legal right to execute and deliver, and to perform its obligations under the Agreement;

              

      

    

    

    

    
      
        	

              	(c)	
                it has (unless specifically provided in the Confirmation) all necessary governmental and other Third Party permits, approvals and licences required in connection with the
                    execution, delivery and performance of such Agreement except to the extent that such permits, approvals and/or licences can only be obtained by Buyer (or Buyer’s Transporter in the case of an FOB delivery) or Seller (or Seller’s
                    Transporter in the case of a DES delivery) at the time the relevant LNG Vessel arrives at either the Loading Location or the Unloading Location (as applicable), which permits, approvals and/or licences shall be obtained by the relevant
                    Party as soon as possible upon arrival at such port;

              

      

    

    

    

    
      
        	

              	(d)	
                it has not incurred any liability to any financial advisor, broker or finder for any financial advisory, brokerage, finder’s or similar fee or commission in connection with
                    the transactions contemplated by the Agreement for which the other Party or any of its Affiliates could be liable; and

              

      

    

    

    

    
      
        	

              	(e)	
                neither the execution, delivery nor performance of the Agreement violates or will violate, results or will result in a breach of or constitutes or will constitute a default
                    under any provision of its organisational documents, any law (including economic and legal sanctions), judgment, order, decree, rule, embargo, trade control or regulation of any court, administrative agency or other instrumentality of
                    any Governmental Authority or of any other material agreement or instrument to which it is a party.

              

      

    

    

    

    
      
        	17.2	
                Seller’s Warranty

              

      

    

    

    

    Seller warrants to Buyer that, at the time of delivery of LNG to Buyer, Seller shall have title to all such LNG and covenants that it
        shall have the right at such time to sell the same and that such LNG shall be delivered free and clear of all liens, security interests, adverse claims, proprietary rights, privileges or encumbrances at the passing of title. Except for warranties
        of title and no liens or encumbrances, and subject to the provisions of an Agreement concerning the quality of LNG to be delivered under an Agreement, Seller expressly negates any warranty with respect to LNG delivered under an Agreement, written
        or oral, express or implied, including any warranty with respect to conformity to, samples, merchantability or fitness for any particular purpose.

    

    

    
      46

      
        

    

    

    

    
      
        	17.3	
                Business Practices

              

      

    

    

    

    Each Party represents and warrants to the other, as of the Effective Date, that it has not taken any actions that would, if such actions
        were undertaken after the Effective Date, conflict with such Party’s obligations under Section 18.10.

    

    

    SECTION 18

    MISCELLANEOUS

    

    

    
      
        	18.1	
                Amendments

              

      

    

    

    

    An Agreement may not be amended, modified, varied or supplemented except by an instrument in writing signed by both Parties.

    

    

    
      
        	18.2	
                Approvals

              

      

    

    

    

    Each Party shall use commercially reasonable endeavours to maintain in force all Approvals necessary for its performance under an
        Agreement. Seller and Buyer shall cooperate fully with each other wherever necessary for this purpose.

    

    

    
      
        	18.3	
                Successors and Assigns

              

      

    

    

    

    An Agreement shall inure to the benefit of and be binding upon the respective successors and permitted assigns of the Parties.

    

    

    
      
        	18.4	
                Waiver

              

      

    

    

    

    No failure to exercise or delay in exercising any right or remedy arising from an Agreement shall operate or be construed as a waiver of
        such right or remedy. Performance of any condition or obligation to be performed hereunder shall not be deemed to have been waived or postponed except by an instrument in writing signed by the Party who is claimed to have granted such waiver or
        postponement. No waiver by either Party shall operate or be construed as a waiver in respect of any failure or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or
        after that waiver.

    

    

    
      47

      
        

    

    

    

    
      
        	18.5	
                No Third Party Beneficiaries

              

      

    

    

    

    The interpretation of this Master Agreement and each Agreement shall exclude any rights under legal principles conferring rights under a
        contract to Persons not a party to that contract. Nothing in this Master Agreement or any Agreement shall otherwise be construed to create any duty to, or standard of care with reference to, or any liability to, any Person other than a Party.

    

    

    
      
        	18.6	
                Rules of Construction

              

      

    

    

    

    Each provision of an Agreement shall be construed as though all Parties participated equally in the drafting of the same. Consequently,
        the Parties acknowledge and agree that any rule of construction that a document is to be construed against the drafting Party shall not be applicable to an Agreement.

    

    

    
      
        	18.7	
                Survival of Rights

              

      

    

    

    

    Any termination or expiration of an Agreement shall be without prejudice to any rights, remedies, obligations and liabilities which may
        have accrued to a Party pursuant to an Agreement or otherwise under applicable law. All rights or remedies which may have accrued to the benefit of either Party (and any of an Agreement’s provisions necessary for the exercise of such accrued rights
        or remedies) prior to the termination or expiration of an Agreement shall survive such termination or expiration and any provisions of an Agreement necessary for the exercise of such accrued rights or remedies shall survive expiry or termination of
        an Agreement to the extent so required. Furthermore, the provisions of Sections 1, 3, 7 (excluding Section 7.7) 8, 10, 12, 13, 14, 15 and 18 and Section 17.2 shall survive the termination or expiration of an Agreement.

    

    

    
      
        	18.8	
                Interpretation

              

      

    

    

    

    
      
        	

              	(a)	
                Headings. The topical headings used in an Agreement are for convenience only and shall not be
                    construed as having any substantive significance or as indicating that all of the provisions of an Agreement relating to any topic are to be found in any particular Section or that the Section relates only to the topical heading.

              

      

    

    

    

    
      
        	

              	(b)	
                Singular and Plural. Reference to the singular includes a reference to the plural and vice
                    versa.

              

      

    

    

    

    
      
        	

              	(c)	
                Gender. Reference to any gender includes a reference to all other genders.

              

      

    

    

    

    
      48

      
        

    

    

    

    
      
        	

              	(d)	
                Article. Unless otherwise provided, reference to any Article, Section, Annex or Exhibit means
                    an Article, Section, Annex or Exhibit of an Agreement.

              

      

    

    

    

    
      
        	

              	(e)	
                Include. The words “include” and “including” shall mean include or including without limiting the generality of the description preceding such term and
                    are used in an illustrative sense and not a limiting sense.

              

      

    

    

    

    
      
        	

              	(f)	
                Time Periods. References to “day,” “month,” “quarter” and
                    “year” shall, unless otherwise stated or defined, mean a day, month, quarter and year of the Gregorian calendar, respectively. For the avoidance of
                    doubt, a “day” shall commence at 24:00 midnight.

              

      

    

    

    

    
      
        	

              	(g)	
                Statutory References. Unless the context otherwise requires, any reference to a statutory
                    provision is a reference to such provision as amended or re-enacted or as modified by other statutory provisions from time to time and includes subsequent legislation and regulations made under the relevant statute.

              

      

    

    

    

    
      
        	

              	(h)	
                Currency. References to U.S. Dollars shall be a reference to the lawful currency from time to
                    time of the United States of America.

              

      

    

    

    

    
      
        	

              	(i)	
                Instruments. Unless otherwise provided, references to an Agreement and to agreements and
                    contractual instruments will be deemed to include all exhibits, schedules, appendices, annexes, and other attachments thereto and all subsequent amendments and other modifications to such instruments, to the extent such amendments and
                    other modifications are not prohibited by the terms of an Agreement.

              

      

    

    

    

    
      
        	18.9	
                Disclaimer of Agency

              

      

    

    

    

    The rights, duties, obligations and liabilities of the Parties under an Agreement shall be individual, not joint or collective. It is
        not the intention of the Parties to create, nor shall an Agreement be deemed or construed to create, nor shall the Parties report for any purpose any transaction occurring pursuant to an Agreement as: (a) a partnership, joint venture or other
        association or a trust; nor (b) a lease or sales transaction with respect to any portion of Buyer’s Facilities. An Agreement shall not be deemed or construed to authorise any Party to act as an agent, servant or employee for the other Party for any
        purpose whatsoever except as explicitly set forth in the Agreement. In their relations with each other under an Agreement, the Parties shall not be considered fiduciaries or financial advisors.

    

    

    
      49

      
        

    

    

    

    
      
        	18.10	
                Prohibited Practices

              

      

    

    

    

    
      
        	

              	(a)	
                Each Party agrees that in connection with an Agreement and the activities contemplated herein, it will take no action, or omit to take any action, which would (i) violate
                    any law applicable to that Party, or (ii) cause the other Party to be in violation of any law applicable to such other Party, including the U.S. Foreign Corrupt Practices Act, the OECD convention on anti-bribery, the U.K. Bribery Act of
                    2010, E.U. and E.U. member country anti-bribery and corruption laws, and corruption or any similar statute, regulation, order or convention binding on such other Party, as each may be amended from time to time, and including any
                    implementing regulations promulgated pursuant thereto.

              

      

    

    

    

    
      
        	

              	(b)	
                Without limiting Section 18.10(a), each Party agrees on behalf of itself, its directors, officers, employees, agents, contractors, and Affiliates, not to pay any fees,
                    commissions or rebates to any employee, officer or agent of the other Party or its Affiliates or shareholders nor provide or cause to be provided to any of them any gifts or entertainment of significant cost or value in connection with
                    an Agreement or in order to influence or induce any actions or inactions in connection with the commercial activities of the Parties hereunder.

              

      

    

    

    

    
      
        	18.11	
                Records; Audit

              

      

    

    

    

    Each Party shall keep all records necessary to confirm compliance with Sections 18.10(a)(ii), 18.10(b), and 18.13 for a period of five
        (5) years following the year for which such records apply. If either Party asserts that the other Party is not in compliance with Sections 18.10(a)(ii), 18.10(b), or 18.13, the Party asserting noncompliance shall send a notice to the other Party
        indicating the type of noncompliance asserted. After giving such notice, the Party asserting noncompliance may cause an independent auditor to audit the records of the other Party in respect of the asserted noncompliance. The costs of any
        independent auditor under this Section 18.11 shall be paid (a) by the Party being audited, if such Party is determined not to be in compliance with Sections 18.10(a)(ii), 18.10(b), or 18.13, as applicable, and (b) by the Party requesting the audit,
        if the Party being audited is determined to be in compliance with Sections 18.10(a)(ii), 18.10(b), or 18.13, as applicable.

    

    

    
      
        	18.12	
                Indemnity

              

      

    

    

    

    Each Party agrees to indemnify and hold the other Party harmless from any Liabilities arising out of the indemnifying Party’s breach of
        any or all of Section 18.10, Section 18.11, or Section 18.13, or the breach of the representation and warranty in Section 17.3.

    

    

    
      50

      
        

    

    

    

    
      
        	18.13	
                Trade Law Compliance

              

      

    

    

    

    Each Party agrees to comply with laws, policies, and Approvals of the government of the United States of America pertaining to any LNG
        delivered hereunder that is exported from the United States of America, including incorporating into any resale contract for LNG sold under an Agreement the necessary conditions to ensure compliance with such laws, policies and Approvals. Buyer
        shall promptly provide to Seller all information required by Seller to comply with such laws, policies and Approvals. If an Approval requires conditions to be included in an Agreement then, within fifteen (15) days following the issuance of such
        Approval, the Parties shall discuss the appropriate changes to be made to an Agreement to comply with all applicable Approvals and shall amend the Agreement to so comply. In respect of LNG delivered hereunder that is exported from the United States
        of America, Buyer acknowledges and agrees that it may not re-export, resell or transfer such LNG for delivery to any country to which delivery of such LNG is not authorised by United States of America laws and policies, or to any purchaser that has
        not agreed in writing to limit their direct or indirect re-export, resale or transfer of such LNG to such authorised destinations, and Buyer represents and warrants that the final delivery of such LNG is permitted and lawful under United States of
        America laws and policies, including the rules, regulations, orders, policies, and other determinations of the United States Department of Energy, the Office of Foreign Assets Control of the United States Department of the Treasury and the Federal
        Energy Regulatory Commission, and Buyer shall not take any action which would cause any Approval related to the export of LNG from the United States of America to be withdrawn, revoked, suspended or not renewed.

    

    

    
      
        	18.14	
                Severance of Invalid Provisions

              

      

    

    

    

    If and for so long as any provision of an Agreement shall be deemed to be judged invalid for any reason whatsoever, such invalidity
        shall not affect the validity or operation of any other provision of an Agreement except only so far as shall be necessary to give effect to the construction of such invalidity, and any such invalid provision shall be deemed severed from an
        Agreement without affecting the validity of the balance of an Agreement.

    

    

    
      
        	18.15	
                No Sovereign Immunity

              

      

    

    

    

    Any Party that now or hereafter has a right to claim sovereign immunity for itself or any of its assets hereby waives any such immunity
        to the fullest extent permitted by the laws of any applicable jurisdiction. This waiver includes immunity from (i) any expert determination or arbitration proceeding commenced pursuant to an Agreement; (ii) any judicial, administrative or other
        proceedings to aid the expert determination or arbitration commenced pursuant to an Agreement; and (iii) any effort to confirm, enforce, or execute any decision, settlement, award, judgment, service of process, execution order or attachment
        (including pre-judgment attachment) that results from an expert determination, mediation, arbitration or any judicial or administrative proceedings commenced pursuant to an Agreement. Each Party acknowledges that its rights and obligations
        hereunder are of a commercial and not a governmental nature.

    

    

    
      51

      
        

    

    

    

    
      
        	18.16	
                Expenses

              

      

    

    

    

    Each Party shall be responsible for and bear all of its own costs and expenses incurred in connection with the preparation and
        negotiation of an Agreement.

    

    

    
      
        	18.17	
                Scope

              

      

    

    

    

    This Master Agreement and each Confirmation constitutes the entire agreement between the Parties relating to the subject matter hereof
        and supersedes and replaces any provisions on the same subject contained in any other agreement between the Parties, whether written or oral, prior to the date of the original execution hereof or thereof.

    

    

    
      
        	18.18	
                Contract Language

              

      

    

    

    

    This Master Agreement, together with the Exhibits hereto, and any Confirmation shall be made and originals executed in the English
        language. In case of any difference in meaning between the English language original version and any translation thereof, the English language original version shall be applicable.

    

    

    
      
        	18.19	
                Counterpart Execution

              

      

    

    

    

    This Master Agreement and each Confirmation may be executed in any number of counterparts and each such counterpart shall be deemed an
        original Agreement for all purposes; provided that no Party shall be bound to this Master Agreement and each Confirmation unless and until both Parties have executed a counterpart.

    

    

    
      52

      
        

    

    

    

    IN WITNESS WHEREOF, each of the Parties has
        caused this Master Agreement to be executed by its duly authorised representative as of the date first written above.

    

    

    	 	
            Centrica LNG Company Limited

          	 
	 	 	 	 
	 	
            By:

          	
            /s/ Jonathan Westby

          	 
	 	
            Name:

          	
            JONATHAN WESTBY

          	 
	 	
            Title:

          	
            DIRECTOR, CLNG

          	 
	 	 	 	 
	 	
            NFE North Trading Limited

          	 
	 	
            By:

          	
            /s/ Jack Finlay

          	 
	 	
            Name:

          	
            JACK FINLAY

          	 
	 	
            Title:

          	
            CHIEF FINANCIAL OFFICER

          	 

    

    

    

    

    
      53

      
        

    

    

    

    EXHIBIT A

    

    

    CONFIRMATION

    

    

    Pursuant to the Master LNG Sale and Purchase Agreement (“Master Agreement”)

        dated ________ 20__, between Centrica LNG Company Limited (“Centrica”) and NFE North Trading Limited (“NFE”), Centrica and NFE agree upon the following LNG
        sale and purchase on this ___ day of __________, 20__. To the extent not inconsistent with this Confirmation, the Master Agreement is incorporated herein by reference.

    

    

    TERMS AND CONDITIONS

    

    

    I.          Definitions; Cross references

    

    

    Capitalised terms used in this Confirmation but not defined herein shall have the meanings given to them in the Master Agreement. All
        references to “Section” in this Confirmation shall be a reference to a Section of the Master Agreement.

    

    

    II.          Buyer

    

    

    The Buyer shall be [               ].

    

    

    III.          Seller

    

    

    The Seller shall be [               ].

    

    

    IV.          Terms of Delivery

    

    

    The deliveries under this Confirmation shall be on [an FOB][DES] basis and Exhibit [B][C] of the Master Agreement shall apply.

    

    

    V.          Loading Location

    

    

    Loading Location shall be [__________],

    Alternative Loading Location (if applicable) shall be [__________],

    

    

    Seller’s Facilities shall be:

    (a)          In respect of the Loading Location: [__________]; and

    

    

    (b)          In respect of the Alternative Loading Location (if
        applicable) [__________].

    

    

    
      54

      
        

    

    

    

    VI.          Gas Supply Area

    

    

    The following area and substrata area shall be a Gas Supply Area in respect of deliveries under this Confirmation:

    

    

    (a)          in respect of the Loading Location (if applicable):
        [__________]; and

    (b)          in respect of the Alternative Loading Location (if
        applicable): [__________].

    

    

    VII.          Unloading Location

    

    

    Unloading Location shall be [__________].

    Alternative Unloading Location (if applicable) shall be [__________].

    

    

    Buyer’s Facilities shall be:

    (a)          in respect of the Unloading Location: [__________];
        and

    (b)          in respect of the Alternative Unloading Location (if
        applicable): [__________].

    

    

    VII.          Contract Quantity

    

    

    The number of Cargoes to be sold and purchased under this Confirmation is ____________.

    

    

    The Deemed Cargo Quantity is __________.

    

    

    VIII.          Quality

    

    

    The Specifications for LNG at the Delivery Point are as follows:

    

    

    [     ]

    

    

    The LNG, when delivered by Seller to Buyer, shall contain no water, mercury, active bacteria or bacterial agents (including sulfate
        reducing bacteria or acid producing bacteria) or other contaminants or harmful extraneous material.

    

    

    IX.          Delivery Schedule

    

    

    The Delivery Window for each Cargo is as follows:

    

    

    [____________________], [____________________], [____________________].

    

    

    X.          Contract Sales Price

    

    

    The Contract Sales Price, in USD per MMBTU, is as follows:

    

    

    
      55

      
        

    

    

    

    XI.          Seller’s Account for payment

    

    

    The name of Seller’s bank and Seller’s account details for purposes of Section 0 of the Master Agreement are as follows:

    

    

    	 	
            Bank Name:

          	 	 
	 	
            City:

          	 	 
	 	
            Account Number:

          	 	 
	 	
            SWIFT Code:

          	 	 

    

    

    XII.          LNG Vessel and Alternative LNG
        Vessel to be used

    

    

    The LNG Vessel shall have a minimum gross volumetric capacity of [__________] cubic meters and a maximum gross volumetric capacity of
        [__________] cubic meters.

    

    

    The LNG Vessel to be utilized for transportation of the Cargo(es) under this Confirmation and her description is as follows:

    

    

    	 	
            Name of LNG Vessel:

          	 	 
	 	
            IMO Number:

          	 	 

    

    

    Each Alternative LNG Vessel shall have a minimum gross volumetric capacity of [__________] cubic meters and a maximum gross volumetric
        capacity of [__________] cubic meters.

    

    

    The name and IMO number of each Alternative LNG Vessel(s) which may be nominated by [Buyer][Seller] are as follows:

    

    

    	 	
            Name of LNG Vessel:

          	 	 
	 	
            IMO Number:

          	 	 

    

    

    XIII.          Demurrage Rate

    

    

    The rate of demurrage is US$ [__________] per day pro rata.

    

    

    XIV.          Excess Boil-off Rate

    

    

    The deemed excess boil-off rate is [_____]% of Cargo per day pro rata.

    

    

    XV.          Heel

    

    

    The Heel expected [to be on board upon arrival at the Loading Location] [to be retained

    

    

    by the LNG Vessel after unload] is [__________] cubic meters.

    

    

    
      56

      
        

    

    

    

    XVI.          Credit Support

    

    

    [Attached is a [parent company guarantee] [irrevocable standby letter of credit] provided by or on behalf of [Buyer].]

    

    

    [The Parties agree that prepayment shall apply]

    

    

    Prepayment amount: US$[__________]

    

    

    Prepayment due date: [__________] days prior to the Delivery Window

    

    

    XVII.          Offshore Title Transfer

    

    

    [Note if Section 9.2 applies.]

    

    

    XVIII.          Other Provisions

    

    

    Exhibit B, Section 5.2 - Allowed Laytime (FOB) shall be: [●] hours

    

    

    Exhibit C, Section 5.2 – Allowed Laytime (DES) shall be: [●] hours

    

    

    Discharge Rate is [__________]

    

    

    
      57

      
        

    

    

    

    

    

    	
            Centrica LNG Company Limited

          	
            NFE North Trading Limited

          
	
            By:

          	 	
            By:

          	 
	
            Name:

          	 	
            Name:

          	 
	
            Title:

          	 	
            Title:

          	 

    

    

    
      58

      
        

    

    

    

    EXHIBIT B

    

    

    SELLER’S FACILITIES, TRANSPORTATION AND LOADING – FOB DELIVERIES

    

    

    1.          Seller’s Facilities Obligations

    

    

    
      
        	

              	1.1	
                Seller’s Facilities shall be of appropriate design and sufficient capacity to enable the production, storage and loading of LNG in accordance with an Agreement. Seller’s
                    Facilities shall include, without limitation, the following:

              

      

    

    

    

    
      
        	

              	(a)	
                berthing facilities that comply with International Standards and are capable of receiving each LNG Vessel and Alternative LNG Vessel(s) and to which such vessels can safely
                    reach, lie safely berthed and load safely afloat at all times and from which such vessels can safely depart fully laden;

              

      

    

    

    

    
      
        	

              	(b)	
                loading facilities capable of loading LNG at an approximate rate of ten thousand (10,000) cubic metres per hour at a normal operating pressure;

              

      

    

    

    

    
      
        	

              	(c)	
                a vapour return system of sufficient capacity to transfer from each LNG Vessel and Alternative LNG Vessel(s) quantities of Natural Gas necessary for the safe loading of LNG
                    at such rates, pressures and temperatures required by the design of such vessels and/or good operating practice with respect to such vessels;

              

      

    

    

    

    
      
        	

              	(d)	
                LNG storage tanks of adequate capacity to fully load the relevant Cargo upon arrival of each LNG Vessel and Alternative LNG Vessel(s);

              

      

    

    

    

    
      
        	

              	(e)	
                appropriate systems for necessary email, facsimile, telephone and radio communications with each LNG Vessel and Alternative LNG Vessel(s); and

              

      

    

    

    

    
      
        	

              	(f)	
                emergency shut down systems.

              

      

    

    

    

    
      
        	

              	1.2	
                Seller warrants that Seller’s Facilities meet all applicable requirements and regulations, which are in force at the applicable Confirmation Date, for reception of each LNG
                    Vessel and Alternative LNG Vessel(s) and the export and loading of LNG under the applicable Agreement.

              

      

    

    

    

    2.          LNG Vessel Rights and Obligations

    

    

    
      
        	

              	2.1	
                Buyer shall, at its sole expense, at all times throughout the period of supply of LNG, provide, maintain, and operate or cause to be provided, maintained and operated in
                    good working order the LNG Vessel(s) specified in the applicable Confirmation, so that it is able to fulfil its obligations under the applicable Agreement.

              

      

    

    

    

    
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              	2.2	
                Unless expressly stated otherwise in the applicable Confirmation, the LNG Vessel(s) and Alternative LNG Vessel(s) specified in the applicable Confirmation shall be deemed
                    (i) to have been approved by Buyer and Seller and (ii) to be compatible with Buyer’s Facilities and Seller’s Facilities. If Seller has reserved the right in the applicable Confirmation to inspect and approve such LNG Vessel(s) and/or
                    Alternative LNG Vessel(s) specified in the applicable Confirmation, such inspection shall be performed in a timely manner and such approval shall not be unreasonably withheld.

              

      

    

    

    

    
      
        	

              	2.3	
                Buyer may, subject to the provisions of Section 11.6, upon written notice to Seller, nominate and utilise an approved Alternative LNG Vessel for delivery of a Cargo in
                    which case, upon the notice date, such Alternative LNG Vessel shall become the LNG Vessel associated with such Cargo for all purposes under the Agreement including, but not limited to, Section 11.

              

      

    

    

    

    
      
        	

              	2.4	
                Buyer may propose to Seller to use a substitute LNG Vessel (“Substitute LNG Vessel”)

                    of similar cargo capacity to the LNG Vessel being substituted. Buyer’s use of such Substitute LNG Vessel shall not be permitted until Seller has approved such ship (any required inspection for such approval shall be performed in a
                    timely manner and such approval shall not be unreasonably withheld). Upon notice of approval by Seller, such approved Substitute LNG Vessel shall become the LNG Vessel associated with the relevant Cargo for all purposes under the
                    Agreement including, but not limited to, the Deemed Cargo Quantity and Section 11 (Force Majeure).

              

      

    

    

    

    
      
        	

              	2.5	
                The inspection of LNG vessels pursuant to Sections 2.2 and 2.4 of Exhibit B above shall be at Seller’s expense. Any such inspection shall not relieve Buyer of any
                    obligations it has to Seller pursuant to Section 2.6 of Exhibit B below. If an LNG vessel should prove not to be acceptable or not compatible with Seller’s Facilities, the Parties shall consult and cooperate, with a view to agreeing
                    upon a course of action, which will permit the Agreement to be performed. Buyer shall not make or permit any modification of an approved LNG Vessel or Alternative LNG Vessel after the relevant Confirmation Date as a result of which the
                    LNG Vessel or Alternative LNG Vessel would cease to be compatible with Seller’s Facilities.

              

      

    

    

    

    
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              	2.6	
                Buyer shall ensure that, at the relevant Confirmation Date, each LNG Vessel and Alternative LNG Vessel shall be:

              

      

    

    

    

    
      
        	

              	(a)	
                equipped with appropriate systems for communication with the Loading Location and Seller’s Facilities, including all ship-shore communication systems normally required for
                    the loading of LNG;

              

      

    

    

    

    
      
        	

              	(b)	
                entered for insurance with a P&I Club, including pollution liability standard for LNG vessels;

              

      

    

    

    

    
      
        	

              	(c)	
                equipped with adequate facilities for mooring, unmooring and handling LNG at the Loading Location;

              

      

    

    

    

    
      
        	

              	(d)	
                constructed and maintained in accordance with the rules and regulations of, and maintained in class with, a member of the International Association of Classification
                    Societies that has prior experience in classifying LNG vessels, and in compliance with applicable treaties, laws of the country of vessel registry, and any other laws, recommendations and guidelines with which a Reasonable and Prudent
                    Person who is an operator of LNG vessels would comply;

              

      

    

    

    

    
      
        	

              	(e)	
                operated in compliance with International Standards and applicable laws of the country of vessel registry, including (i) those that relate to seaworthiness, design, safety,
                    environmental protection, navigation, and other operational matters, and (ii) all Approvals for LNG vessels that are required for the transportation and loading of LNG at the Loading Location;

              

      

    

    

    

    
      
        	

              	(f)	
                manned with skilled and competent operators, officers and crew who (i) are suitably qualified, trained and experienced in the required operation and international LNG ship
                    operations and qualified to a minimum of all relevant IMO standards, (ii) are able to communicate with regulatory authorities and operators at Seller’s Facilities in written and spoken English, and (iii) have subscribed to a policy,
                    reasonably acceptable to Seller, precluding the use of drugs or alcohol aboard an LNG vessel; and

              

      

    

    

    

    
      
        	

              	(g)	
                operated in accordance with a plan that is consistent with the IMO’s Ship/Shore Safety Checklist for loading LNG and which has been agreed in writing with Seller before the
                    commencement of loading operations.

              

      

    

    

    

    
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              	2.7	
                Prior to the execution of any Confirmation, Seller shall provide Buyer with a copy of the Terminal Rules then in effect at the loading location. Buyer shall either comply
                    with the relevant Terminal Rules as provided by Seller, or shall have obtained a waiver of such from Seller (whether such waivers are obtained before or after the applicable Confirmation Date). Buyer represents and warrants that as at
                    the applicable Confirmation Date each LNG Vessel and Alternative LNG Vessel is required to and will be in a position to meet or has obtained valid waivers in respect of all applicable governmental or port authority requirements for
                    operation in the waters of the country of the Loading Location as well as all applicable international requirements, which are then in force. Buyer shall ensure that the master, or other representative of Buyer’s Transporter executes
                    any conditions of use (or similar document) that is required by the Loading Location or Seller’s Facilities in connection with the berthing of the LNG Vessel, provided that such obligations and liability limits are applied on a
                    non-discriminatory basis to all LNG vessels using such Loading Location and Seller’s Facilities and are acceptable to the International Group of P&I Clubs, in either case in the ordinary course of business and on commercially
                    reasonable terms.

              

      

    

    

    

    
      
        	

              	2.8	
                If an LNG Vessel requires assistance from or the use in any manner of tugs, pilots, escort vessels or other support vessels in connection with the safe berthing and
                    un‐berthing of such LNG Vessel, such assistance or use shall be at the sole risk and expense of Buyer unless agreed otherwise in the Confirmation. Seller shall provide Buyer with all reasonable assistance in securing assistance from
                    tugs, pilots, escort vessels or other support vessels such as Buyer may require.

              

      

    

    

    

    3.          Loading Location Operations

    

    

    
      
        	

              	3.1	
                Seller shall operate, or cause to be operated, the loading terminal so as to permit loading of each LNG Vessel as quickly and efficiently as reasonably possible, and shall
                    cooperate in prompt servicing and departure of such LNG Vessel pursuant to the loading schedule set forth in the applicable Confirmation. During loading of each Cargo, the LNG Vessel shall return to Seller’s Facilities Natural Gas in
                    such quantities as are necessary for the safe loading of the LNG at such rates, pressures and temperatures as may be required by the LNG Vessel.

              

      

    

    

    

    
      
        	

              	3.2	
                Buyer shall berth each LNG Vessel or cause it to be berthed as safely and expeditiously as reasonably possible in cooperation with Seller. In accordance with the loading
                    schedule set forth in the applicable Confirmation, Seller and Buyer shall cooperate to commence loading or cause it to be commenced upon completion of berthing and to complete loading or cause it to be completed as safely and
                    expeditiously as reasonably possible.

              

      

    

    

    

    
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              	3.3	
                Buyer and Seller shall use reasonable endeavours to avoid any conflict with other LNG vessels in berthing an LNG Vessel at Seller’s Facilities. If an LNG Vessel arrives at
                    the Loading Location within its Delivery Window, such LNG Vessel shall have priority over other LNG vessels except in the case that the other ship, having arrived within its scheduled delivery window is waiting due to Adverse Weather
                    Conditions or other Force Majeure reasons. Seller shall use all reasonable endeavours to cause the operator of the Loading Location facilities to accept as soon as possible an LNG Vessel that arrives at the Loading Location prior to or
                    after the Delivery Window. If an LNG Vessel and another LNG vessel are due to arrive at the Loading Location at a similar time and both vessels are outside their respective schedules, then the normal shipping industry practice of “first
                    come, first served” shall apply.

              

      

    

    

    

    
      
        	

              	3.4	
                Buyer shall cause each LNG Vessel to depart as safely and expeditiously as reasonably possible from the berth after Completion of Loading in cooperation with Seller.

              

      

    

    

    

    
      
        	

              	3.5	
                Buyer shall cause each LNG Vessel to be loaded at the Loading Location as fully as is safely and reasonably practicable after taking into account the maximum amount of LNG
                    that can safely and practically be loaded, allowing for the required draft upon arrival and departure at the Unloading Location (if nominated), and the Heel on board the LNG Vessel upon arrival at the Loading Location.

              

      

    

    

    

    
      
        	

              	3.6	
                Seller shall pay all charges which are payable by reason of the LNG Vessel having to shift berth at the Loading Location, unless such shifting is a result of Buyer’s and/or
                    Buyer’s Transporter’s action or inaction.

              

      

    

    

    

    4.          Notices of LNG Vessel Movements and
        Characteristics of Cargoes

    

    

    
      
        	

              	4.1	
                With respect to each Cargo to be delivered to Buyer in accordance with Exhibit B of an Agreement, Buyer shall give, or cause the master of the relevant LNG Vessel to give,
                    to Seller, the following notices:

              

      

    

    

    

    
      
        	

              	(a)	
                a first notice, which shall be sent either upon the departure (for the Loading Location) of the LNG Vessel from its previous port, or as early as reasonably possible and
                    which shall set forth the time and date of departure, and the estimated time of arrival of the LNG Vessel at the Loading Location (“ETA”). If this
                    ETA changes by more than twelve (12) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Seller;

              

      

    

    

    

    
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              	(b)	
                a second notice, updating or confirming the ETA, which shall be sent ninety-six (96) hours prior to arrival at the Loading Location. If this ETA changes by more than six
                    (6) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Seller;

              

      

    

    

    

    
      
        	

              	(c)	
                a third notice, updating or confirming the ETA, which shall be sent forty-eight (48) hours prior to arrival at the Loading Location. If this ETA changes by more than six
                    (6) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Seller;

              

      

    

    

    

    
      
        	

              	(d)	
                a fourth notice, updating or confirming the ETA, which shall be sent twenty-four (24) hours prior to arrival at the Loading Location. If this ETA changes by more than four
                    (4) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Seller;

              

      

    

    

    

    
      
        	

              	(e)	
                a final notice, which shall be sent six (6) hours prior to arrival at the Loading Location;

              

      

    

    

    

    
      
        	

              	(f)	
                a notice of readiness, when the LNG Vessel has arrived at the PBS and the LNG Vessel is ready to berth and to load LNG in all respects, purge and cool-down excepted (“Notice of Readiness”).

              

      

    

    

    

    The notices referred to above shall be sent either by facsimile or by email.

    

    

    
      
        	

              	4.2	
                Buyer’s notice under Section 4.1(a) of Exhibit B above shall state whether the LNG Vessel will require cooldown on arrival at the Loading Location, the estimated volume,
                    expressed in cubic metres, of LNG (including any LNG required for such cool-down) which is to be loaded on the LNG Vessel at Seller’s Facilities and any operational deficiencies with respect to the LNG Vessel that may affect its port
                    performance. Each further notice given by Buyer under Section 4.1 of Exhibit B above shall include details of any significant change in such information since the last such notice was given.

              

      

    

    

    

    5.          Demurrage and Excess Boil-off at
        Loading Location

    

    

    
      
        	

              	5.1	
                Laytime used in loading an LNG Vessel (“Used Laytime”) shall begin to count upon
                    the earlier of (i) the LNG Vessel being all fast in the berth, (ii) six (6) hours after the tendering of the Notice of Readiness (provided the LNG Vessel tenders Notice of Readiness within the applicable Delivery Window) or (iii) 0600
                    hours Local Time on the first day of the applicable Delivery Window (provided the LNG Vessel arrives prior to such date) and shall end when the last loading arm is disconnected and the LNG Vessel is cleared for departure and able to
                    depart.

              

      

    

    

    

    
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              	5.2	
                Allowed Laytime at the Loading Location shall be nominated in the Confirmation.

              

      

    

    

    

    
      
        	

              	5.3	
                In the event Used Laytime exceeds Allowed Laytime, Seller shall pay to Buyer or to Buyer’s Transporter’s account if so directed by Buyer, demurrage at the daily rate set
                    forth in the applicable Confirmation. The Parties undertake that demurrage is the sole and exclusive compensation payable if the loading of an LNG Vessel has not been completed within the Allowed Laytime. However, if such delay also
                    affects the delivery of subsequent Cargoes to Buyer scheduled in accordance with the applicable Confirmation or any other Confirmation entered into pursuant to this Master Agreement, Buyer and Seller shall consult in good faith to
                    modify the Delivery Window in respect of such subsequent Cargoes so as to facilitate delivery of such Cargoes.

              

      

    

    

    

    
      
        	

              	5.4	
                For computation of demurrage to be paid by Seller, any time lost as a result of any of the following shall be added to Allowed Laytime:

              

      

    

    

    

    
      
        	

              	(a)	
                reasons attributable to the fault of Buyer, the Transporter, the LNG Vessel or its master, crew, owner or operator;

              

      

    

    

    

    
      
        	

              	(b)	
                Force Majeure;

              

      

    

    

    

    
      
        	

              	(c)	
                Adverse Weather Conditions;

              

      

    

    

    

    
      
        	

              	(d)	
                time during which normal operation at the Loading Location is prohibited by law, regulation or decree; and

              

      

    

    

    

    
      
        	

              	(e)	
                time required to purge and or cooldown the LNG Vessel (provided that the requirement for such purge or cooldown is not caused by an extended delay in berthing of the LNG
                    Vessel to which Section 5.6 of Exhibit B below applies).

              

      

    

    

    

    
      
        	

              	5.5	
                Without prejudice to Buyer’s right to receive demurrage in accordance with Section 5.3 of Exhibit B above, if any problem occurs or is foreseen to occur so as to cause
                    delay to an LNG Vessel in berthing, loading and/or departing which results or is expected to result in Used Laytime exceeding Allowed Laytime, Seller and Buyer shall discuss the problem in good faith and use their reasonable endeavours
                    to minimise such delay and, at the same time, cooperate with each other to identify measures which can be adopted to minimise or to avoid the occurrence of any similar delay in the future.

              

      

    

    

    

    
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              	5.6	
                If an LNG Vessel is delayed in the commencement of loading (for reasons attributable to Seller) and, if as a result thereof, the commencement of loading is delayed beyond
                    twenty-four (24) hours after the earlier of (i) the LNG Vessel being all fast in the berth, (ii) six (6) hours after the tendering of the Notice of Readiness (provided the LNG Vessel tenders Notice of Readiness within the applicable
                    Delivery Window) or (iii) 0600 hours Local Time on the first day of the applicable Delivery Window (provided the LNG Vessel arrives prior to such date), then Seller shall pay Buyer an amount, on account of excess boil-off, equal to the
                    Contract Sales Price for the relevant Cargo multiplied by the MMBTUs of excess boil-off. The MMBTUs of excess boil-off shall be calculated by multiplying the quantity of LNG in the Cargo as specified in the Confirmation (expressed in
                    MMBTUs) by the deemed daily boil-off rate set forth in the applicable Confirmation by the number of days between the commencement of loading and the point in time when excess boil-off commenced as determined in accordance with this
                    Section 5.6.

              

      

    

    

    

    
      
        	

              	5.7	
                Buyer shall invoice Seller pursuant to Section 7.3 for amounts due under Sections 5.3 and 5.6 of this Exhibit B and shall provide the relevant documents and calculations in
                    support of such amount, and seller shall pay such invoice in accordance with the terms of Section 7.4(b).

              

      

    

    

    

    
      
        	

              	5.8	
                If the loading of an LNG Vessel is not completed within the Allowed Laytime and such delay is the fault of Buyer, and as a result another LNG vessel (which would have been
                    loaded had this delay not occurred) is prevented from or delayed in loading, then Buyer shall reimburse to Seller the demurrage payable by Seller, if any, in respect of such LNG vessel; provided that Buyer shall not be required to
                    reimburse to Seller any amounts based on a demurrage rate in excess of the demurrage rate set out in the relevant Confirmation.

              

      

    

    

    

    6.          Cool-down Requirements and Boil-off

    

    

    
      
        	

              	6.1	
                Any quantities of LNG required for gassing-up or cooldown of the LNG Vessel at the Loading Location shall be for Buyer’s account, and shall be invoiced pursuant to Section
                    7 at the Contract Sales Price established in the applicable Confirmation; unless the requirement for cool-down resulted from a delay in berthing caused by Seller, for which Buyer was entitled to a payment for excess boil-off pursuant to
                    Section 5.6 of Exhibit B above, in which case the incremental costs of LNG required for gassing-up or cooldown shall be for Seller’s account. The Parties shall mutually agree on the method used to determine the gassing-up or cooling LNG
                    quantities, which will be verified by the independent surveyor or independent surveyors appointed pursuant to Section 7.9 of Exhibit B below.

              

      

    

    

    

    
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    7.          Determination of Quantity and
        Quality

    

    

    
      
        	

              	7.1	
                Buyer shall supply, operate and maintain, or cause to be supplied, operated and maintained, suitable gauging devices for the LNG tanks of the LNG Vessel, as well as
                    pressure and temperature measuring devices and all other measurement or testing devices that are incorporated in the structure of such LNG Vessel or customarily maintained on board ship.

              

      

    

    

    

    
      
        	

              	7.2	
                Seller shall supply, operate and maintain, or cause to be supplied, operated and maintained, devices required for collecting continuous samples and for determining quality
                    and composition of the delivered LNG and all other measurement or testing devices that are necessary to perform the measurement and testing required hereunder at Seller’s Facilities.

              

      

    

    

    

    
      
        	

              	7.3	
                Each device provided for in this Section 7 shall be of a design that has been proven in service in an existing LNG trade, unless otherwise agreed by the Parties as provided
                    below. Any devices provided for in this Section 7 not previously used in an existing LNG trade shall be chosen by agreement of the Parties and shall be such as are, at the time of selection, the most accurate and reliable in their
                    practical application. The required degree of accuracy of such devices shall be agreed upon and verified by the Parties in advance of their use, and such degree of accuracy shall be verified by an independent surveyor or independent
                    surveyors. All such devices shall be subject to approval by classification societies or by the appropriate governmental authority of the country in which the Unloading Location is located and/or the country in which the Loading Location
                    is located, as applicable.

              

      

    

    

    

    
      
        	

              	7.4	
                The Parties shall cooperate closely in the design, selection and acquisition of devices to be used for measurements and tests under this Section 7 so that, as far as
                    possible, measurements and tests may be conducted in either United States units of measurement or metric units of measurement. In the event that it becomes necessary to make measurements and tests using different systems or units of
                    measurement, the Parties shall establish mutually agreed conversion tables. Measurement devices shall be calibrated in the United States units or metric units set out in the table below.

              

      

    

    

    

    	
            Measurement

          	
            United States Units

          	
            Metric Units

          
	
            Volume:

          	
            Standard Cubic Feet

          	
            Cubic metres

          
	
            Temperature:

          	
            Degrees Fahrenheit

          	
            Degrees Celsius

          
	
            Pressure:

             

            (State whether absolute or gauge)

          	
            Pounds per square inch or inches of mercury

          	
            Kilograms per square Centimetre, bars, millibars, kilopascals or millimetres of mercury

          
	
            Length:

          	
            Feet

          	
            Metres

          
	
            Weight:

          	
            Pounds

          	
            Kilograms

          
	
            Density:

          	
            Pounds per cubic foot

          	
            Kilograms per cubic metre

          

    

    

    
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              	7.5	
                Buyer shall furnish to Seller, or cause Seller to be furnished with, a certified copy of tank gauge tables as described in Section 1 of Exhibit D for each tank of the LNG
                    Vessel.

              

      

    

    

    

    
      
        	

              	7.6	
                Volumes of LNG delivered at the Delivery Point under an Agreement shall be determined by gauging the LNG in the tanks of the LNG Vessel(s) immediately before and after
                    loading. Gauging the liquid in the tanks of the LNG Vessels(s) and the measuring of liquid temperature, vapour temperature and vapour pressure in each LNG tank, and the trim and list of the LNG Vessel(s) and atmospheric pressure shall
                    be performed, or caused to be performed, by Buyer before and after loading. Copies of gauging and measurement records shall be furnished to Seller, and in the absence of manifest error, shall be conclusive. Gauging devices shall be
                    selected, and measurements shall be effected, in accordance with the procedures set forth in the Terminal Rules or, in the absence of such procedures, with the procedures set forth in Sections 2 and 3 of Exhibit D.

              

      

    

    

    

    
      
        	

              	7.7	
                Representative samples of the LNG delivered at the Delivery Point shall be obtained or caused to be obtained by Seller in accordance with the procedures set forth in the
                    Terminal Rules or, in the absence of such procedures, with the procedures set forth in Section 4 of Exhibit D. Such samples shall be provided to Buyer at Buyer’s expense if such samples are requested by Buyer. Such samples shall be
                    analysed, or caused to be analysed by Seller, in accordance with the procedures set forth in the Terminal Rules or, in the absence of such procedures, with the procedures set forth in Section 4 of Exhibit D in order to determine the BTU
                    content, the molar fraction of the hydrocarbons and other components in the sample.

              

      

    

    

    

    
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              	7.8	
                The quantity of BTUs loaded at the Loading Location shall be calculated by Seller in accordance with the procedures set forth in Section 5 of Exhibit D.

              

      

    

    

    

    
      
        	

              	7.9	
                All measurements, gauging and analyses provided for in Sections 7.6 to 7.8 of Exhibit B above shall be witnessed and verified by an independent surveyor or independent
                    surveyors. Prior to effecting such measurements, gauging and analyses, the Party responsible for such operations shall notify the representative of the other Party and the independent surveyor(s), allowing such representative and
                    independent surveyor(s) a reasonable opportunity to be present for all operations and computations; provided, however, that the absence of either or both of the representative of the other Party or the independent surveyor after
                    notification and reasonable opportunity to attend shall not prevent any operation or computation from being performed. The results of verifications by the independent surveyor(s) shall be made available promptly to each Party. All
                    records of measurements and the computation results shall be preserved by the Party responsible for effecting such measurements and held available to the other relevant Party for a period of not less than one (1) year after such
                    measurements and computations have been completed, or if longer until any dispute between the Parties relating in any way to such measurements and computations has been finally resolved (by agreement or arbitration or otherwise).

              

      

    

    

    

    
      
        	

              	7.10	
                Permissible tolerances shall be as set forth in in Sections 1 and 2 of Exhibit D. Where the inaccuracy of a device is found to exceed the permissible tolerances, the
                    device, if possible, shall be adjusted accordingly and recordings and computations made on the basis of those recordings shall be corrected with respect to any period of error that is definitely known or agreed by the Parties. All the
                    invoices issued during such period of error shall be amended accordingly to reflect such correction and an adjustment in payment shall be made between Buyer and Seller. In the event that the period of error is neither known nor agreed,
                    corrections shall be made for each delivery made during the last half of the period since the date of the most recent calibration of the inaccurate device. However, the provisions of this Section 7.10 shall not be applied to require the
                    modification of any disputed invoice that has been finally resolved pursuant to Section 7.6.

              

      

    

    

    

    
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              	7.11	
                All costs and expenses for testing and verifying measurement devices shall be borne by the Party who is testing or verifying the devices being tested and verified unless
                    the testing is conducted at the request of the other Party and such testing does not disclose errors or inaccuracies which require correction in such measurement devices, in which event, the Party requesting such testing or verification
                    shall bear such costs; provided, however, that representatives of the Parties attending such tests and verifications shall do so at the cost and risk of the Party they represent.

              

      

    

    

    

    
      
        	

              	7.12	
                Each Party shall be entitled to appoint an independent surveyor and bear their own fees and charges for the purposes of this Section 7 unless the Parties mutually agree to
                    jointly appoint an independent surveyor and bear the fees and charges equally.

              

      

    

    

    

    
      
        	

              	7.13	
                To the extent of any discrepancies between the measurements and test results determined by the Parties and the independent surveyor(s), the determination of the independent
                    surveyor(s) shall prevail. If the Parties have each appointed an independent surveyor under Section 7.12 of Exhibit B and the independent surveyors do not jointly agree on a determination, either Party may notify the other Party of such
                    disagreement and the Parties shall refer such Dispute to an Expert pursuant to Section 14.2.

              

      

    

    

    

    8.          Liability

    

    

    
      
        	

              	8.1	
                To the fullest extent permissible by law, Seller agrees (regardless of the presence or absence of insurance) to indemnify, defend and hold Buyer, Buyer’s Transporter, their
                    Affiliates, and their respective officers, directors, employees, agents, successors, assigns, contractors and subcontractors (collectively, the “Buyer
                      Indemnified Parties”) harmless from and against any and all claims, losses, demands, damages, liabilities, costs and expenses (collectively, “Claims”
                    and each a “Claim”) relating to any of:

              

      

    

    

    

    
      
        	

              	(a)	
                the property, facilities or other assets of any of the Seller Indemnified Parties, or

              

      

    

    

    

    
      
        	

              	(b)	
                the officers, directors, employees, and agents of Seller or any of the Seller Indemnified Parties,

              

      

    

    

    

    unless such Claims arise from or relate to any act or incident involving the Wilful Misconduct of the management of any of the Buyer
        Indemnified Parties.

    

    

    
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              	8.2	
                To the fullest extent permissible by law, Buyer agrees (regardless of the presence or absence of insurance) to indemnify, defend, and hold Seller, its Affiliates, and its
                    officers, directors, employees, agents, successors, assigns, contractors and subcontractors (collectively, the “Seller Indemnified Parties”)
                    harmless from and against any and all Claims relating to any of:

              

      

    

    

    

    
      
        	

              	(a)	
                the property, facilities or other assets of any of the Buyer Indemnified Parties, or

              

      

    

    

    

    
      
        	

              	(b)	
                the officers, directors, employees, and agents of Buyer or any of the Buyer Indemnified Parties, or

              

      

    

    

    

    
      
        	

              	(c)	
                any LNG Vessel utilised by Buyer in connection with the performance of an Agreement,

              

      

    

    

    

    unless such Claims arise from or relate to any act or incident involving the Wilful Misconduct of the management of any of the Seller
        Indemnified Parties.

    

    

    
      
        	

              	8.3	
                The Party entitled to indemnification shall promptly notify the Party obligated to indemnify that Party of any Claims in respect of which it is entitled to be indemnified
                    under this Section 8. Such notice shall be given not later than thirty (30) days after the Party entitled to indemnification becomes aware of such Claims.

              

      

    

    

    

    
      
        	

              	8.4	
                Any Party entitled to indemnification shall have the right, but not the obligation, to contest, defend and litigate (and to retain legal advisers of its choice in
                    connection therewith) any Claims, action, suit, or proceeding by any Third Party alleged or asserted against it arising out of any matter in respect of which it is entitled to be indemnified hereunder, and the reasonable costs and
                    expenses thereof shall be subject to the said indemnity; provided, however, that the Party obligated to indemnify the other Party shall be entitled, at its option, to assume and control the defense of such Claim, action, suit, or
                    proceeding at its expense and through legal advisers of its choice if it:

              

      

    

    

    

    
      
        	

              	(a)	
                gives notice of its intention to do so to the other Party;

              

      

    

    

    

    
      
        	

              	(b)	
                acknowledges in writing its obligation to indemnify the other Party to the full extent provided by this Section 8.4 of Exhibit B; and

              

      

    

    

    

    
      
        	

              	(c)	
                reimburses the other Party for the reasonable costs and expenses previously incurred by the other Party prior to the assumption of such defense by the Party obligated to
                    provide indemnification. No Party entitled to indemnification shall settle or compromise any Claim, action, suit or proceeding in respect of which it is entitled to be indemnified by the other Party without the prior written consent of
                    the Party obligated to provide indemnification, which consent shall not be unreasonably or arbitrarily withheld or delayed.

              

      

    

    

    

    
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    EXHIBIT C

    

    

    BUYER’S FACILITIES, TRANSPORTATION AND UNLOADING DES DELIVERIES

    

    

    1.          Buyer’s Facilities Obligations

    

    

    
      
        	

              	1.1	
                Buyer’s Facilities shall be of appropriate design and sufficient capacity to enable the unloading, storage and processing of LNG in accordance with an Agreement. Buyer’s
                    Facilities shall include, without limitation, the following:

              

      

    

    

    

    
      
        	

              	(a)	
                berthing facilities that comply with International Standards and are capable of receiving each LNG Vessel and Alternative LNG Vessel(s) and to which such vessels can safely
                    reach fully laden, lie safely berthed and discharge safely afloat at all times and from which such vessels can safely depart;

              

      

    

    

    

    
      
        	

              	(b)	
                unloading facilities capable of receiving LNG at the Discharge Rate from a fully laden LNG Vessel and Alternative LNG Vessel(s);

              

      

    

    

    

    
      
        	

              	(c)	
                a vapour return system of sufficient capacity to transfer to each LNG Vessel and Alternative LNG Vessel(s) quantities of Natural Gas necessary for the safe unloading of LNG
                    at such rates, pressures and temperatures required by the design of such vessels and/or good operating practice with respect to such vessels;

              

      

    

    

    

    
      
        	

              	(d)	
                LNG, storage tanks of adequate capacity to receive and fully store the relevant Cargo upon arrival of each LNG Vessel and Alternative LNG Vessel(s);

              

      

    

    

    

    
      
        	

              	(e)	
                appropriate systems for necessary e-mail, facsimile, telephone and radio communications with each LNG Vessel and Alternative LNG Vessel(s); and

              

      

    

    

    

    
      
        	

              	(f)	
                emergency shut down systems.

              

      

    

    

    

    
      
        	

              	1.2	
                Buyer warrants that Buyer’s Facilities meet all applicable requirements and regulations, which are in force at the applicable Confirmation Date, for reception of each LNG
                    Vessel and Alternative LNG Vessel(s) and the unloading of LNG under the applicable Agreement.

              

      

    

    

    

    2.          LNG Vessel Rights and Obligations

    

    

    
      
        	

              	2.1	
                Seller shall, at its sole expense, at all times throughout the period of supply of LNG, provide, maintain, and operate or cause to be provided, maintained and operated in
                    good working order the LNG Vessel(s) specified in the applicable Confirmation, so that it is able to fulfil its obligations under the applicable Agreement.

              

      

    

    

    

    
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              	2.2	
                Unless expressly stated otherwise in the applicable Confirmation, the LNG Vessel(s) and Alternative LNG Vessel(s) specified in the applicable Confirmation shall be deemed
                    (i) to have been approved by Buyer and Seller and (ii) to be compatible with Buyer’s Facilities and Seller’s Facilities. If Buyer has reserved the right in the applicable Confirmation to inspect and approve such LNG Vessel(s) and/or
                    Alternative LNG Vessel(s) specified in the applicable Confirmation, such inspection shall be performed in a timely manner and such approval shall not be unreasonably withheld.

              

      

    

    

    

    
      
        	

              	2.3	
                Seller may, subject to the provisions of Section 11.6, upon written notice to Buyer, nominate and utilise an approved Alternative LNG Vessel for delivery of a Cargo in
                    which case, upon the notice date, such Alternative LNG Vessel shall become the LNG Vessel associated with such Cargo for all purposes under the Agreement including, but not limited to, Section 11.

              

      

    

    

    

    
      
        	

              	2.4	
                Seller may propose to Buyer to use a substitute LNG vessel (“Substitute LNG Vessel”)

                    of similar cargo capacity to the LNG Vessel being substituted. Seller’s use of such Substitute LNG Vessel shall not be permitted until Buyer has inspected and approved such ship (such inspection shall be performed in a timely manner and
                    such approval shall not be unreasonably withheld). Upon notice of approval by Buyer, such approved Substitute LNG Vessel shall become the LNG Vessel associated with the relevant Cargo for all purposes under the Agreement including, but
                    not limited to, the Deemed Cargo Quantity and Section 11 (Force Majeure).

              

      

    

    

    

    
      
        	

              	2.5	
                The inspection of LNG vessel pursuant to Sections 2.2 of Exhibit C shall be at Buyer’s expense and the inspection of LNG vessel pursuant to 2.4 of Exhibit C shall be at
                    Seller’s expense. Any such inspection shall not relieve Seller of any obligations it has to Buyer pursuant to Section 2.6 of Exhibit C below. If an LNG Vessel should prove not to be acceptable or not compatible with Buyer’s Facilities,
                    the Parties shall consult and cooperate with a view to agreeing upon a course of action which will permit the Agreement to be performed. Seller shall not make or permit any modification of an approved LNG Vessel or Alternative LNG
                    Vessel after the relevant Confirmation Date as a result of which the LNG Vessel or Alternative LNG Vessel would cease to be compatible with Buyer’s Facilities.

              

      

    

    

    

    
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              	2.6	
                Seller shall ensure that at the relevant Confirmation Date, each LNG Vessel and Alternative LNG Vessel shall be:

              

      

    

    

    

    
      
        	

              	(a)	
                equipped with appropriate systems for communication with the Unloading Location and Buyer’s Facilities, including all ship-shore communication systems normally required for
                    the discharge of LNG;

              

      

    

    

    

    
      
        	

              	(b)	
                entered for insurance with a P&I Club, including pollution liability standard for LNG vessels;

              

      

    

    

    

    
      
        	

              	(c)	
                equipped with adequate facilities for mooring, unmooring and handling LNG at the Unloading Location;

              

      

    

    

    

    
      
        	

              	(d)	
                constructed and maintained in accordance with the rules and regulations of, and maintained in class with, a member of the International Association of Classification
                    Societies that has prior experience in classifying LNG vessels, and in compliance with applicable treaties, laws of the country of vessel registry, and any other laws, recommendations and guidelines with which a Reasonable and Prudent
                    Person who is an operator of LNG vessels would comply;

              

      

    

    

    

    
      
        	

              	(e)	
                operated in compliance with International Standards and applicable laws of the country of vessel registry, including (i) those that relate to seaworthiness, design, safety,
                    environmental protection, navigation, and other operational matters, and (ii) all permits and approvals from governmental authorities for LNG vessels that are required for the transportation and discharge of LNG at the Unloading
                    Location;

              

      

    

    

    

    
      
        	

              	(f)	
                manned with skilled and competent operators, officers and crew who (i) are suitably qualified, trained and experienced in the required operation and international LNG ship
                    operations and qualified to a minimum of all relevant IMO standards, (ii) are able to communicate with regulatory authorities and operators at Buyer’s Facilities in written and spoken English, and (iii) have subscribed to a policy,
                    reasonably acceptable to Buyer, precluding the use of drugs or alcohol aboard an LNG vessel; and

              

      

    

    

    

    
      
        	

              	(g)	
                operated in accordance with a plan that is consistent with the IMO’s Ship/Shore Safety Checklist for discharging LNG and which has been agreed in writing with Buyer before
                    the commencement of unloading operations.

              

      

    

    

    

    
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              	2.7	
                Prior to the execution of any Confirmation, Buyer shall provide Seller with a copy of the Terminal Rules then in effect at the Unloading Location. Seller shall either
                    comply with the relevant Terminal Rules as provided by Buyer, or shall have obtained a waiver of such from Buyer (whether such waivers are obtained before or after the applicable Confirmation Date). Seller represents and warrants that
                    as at the applicable Confirmation Date each LNG Vessel and Alternative LNG Vessel is required to and will be in a position to meet or has obtained valid waivers in respect of all applicable governmental or port authority requirements
                    for operation in the waters of the country of the Unloading Location as well as all applicable international requirements which are then in force. Seller shall ensure that the master, or other representative of Seller’s Transporter
                    executes any conditions of use (or similar document) that is required by the Unloading Location or Buyer’s Facilities in connection with the berthing of the LNG Vessel, provided that such obligations and liability limits are applied on
                    a non-discriminatory basis to all LNG vessels using such Unloading Location and Buyer’s Facilities and are acceptable to the International Group of P&I Clubs, in either case in the ordinary course of business and on commercially
                    reasonable terms.

              

      

    

    

    

    
      
        	

              	2.8	
                If an LNG Vessel requires assistance from or the use in any manner of tugs, pilots, escort vessels or other support vessels in connection with the safe berthing and
                    un-berthing of such LNG Vessel, such assistance or use shall be at the sole risk and expense of Seller unless agreed otherwise in the Continuation. Buyer shall provide Seller with all reasonable assistance in securing assistance from
                    tugs, pilots, escort vessels or other support vessels such as Seller may require.

              

      

    

    

    

    3.          Unloading Location Operations

    

    

    
      
        	

              	3.1	
                Buyer shall operate, or cause to be operated, the receiving terminal so as to permit unloading of each LNG Vessel as quickly and efficiently as reasonably possible, and
                    shall cooperate in prompt servicing and departure of such LNG Vessel pursuant to the unloading schedule set forth in the applicable Confirmation. During unloading of each Cargo, the Buyer’s Facilities shall return to the LNG Vessel
                    Natural Gas in such quantities as are necessary for the safe unloading of the LNG at such rates, pressures and temperatures as may be required by the LNG Vessel.

              

      

    

    

    

    
      
        	

              	3.2	
                Seller shall berth each LNG Vessel or cause it to be berthed as safely and expeditiously as reasonably possible in cooperation with Buyer. In accordance with the delivery
                    schedule set forth in the applicable Confirmation, Buyer and Seller shall cooperate to commence unloading or cause it to be commenced upon completion of berthing and complete unloading or cause it to be completed as safely and
                    expeditiously as reasonably possible.

              

      

    

    

    

    
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              	3.3	
                Buyer and Seller shall use reasonable endeavours to avoid any conflict with other LNG vessels in berthing an LNG Vessel at Buyer’s Facilities. If an LNG Vessel arrives at
                    the Unloading Location within its Delivery Window, such LNG Vessel shall have priority over other LNG vessels except in the case that the other ship, having arrived within its scheduled delivery window is waiting due to Adverse Weather
                    Conditions or other Force Majeure reasons. Buyer shall use reasonable endeavours to cause the operator of the Unloading Location facilities to accept as soon as possible an LNG Vessel that arrives at the Unloading Location prior to or
                    after the Delivery Window. If an LNG Vessel and another LNG vessel are due to arrive at the Unloading Location at a similar time and both vessels are outside their respective schedules, then the normal shipping industry practice of
                    “first come, first served” shall apply.

              

      

    

    

    

    
      
        	

              	3.4	
                Seller shall cause each LNG Vessel to depart as safely and expeditiously as reasonably possible from the berth after Completion of Unloading in cooperation with Buyer.

              

      

    

    

    

    
      
        	

              	3.5	
                Seller shall cause each LNG Vessel to be discharged at the Unloading Location as fully as is safely and reasonably practicable after taking into account the maximum amount
                    of LNG that can safely and practically be discharged, allowing for boil-off (resulting from the voyage between the Loading Location and the Unloading Location), and the Heel to be retained by the LNG Vessel after discharge.

              

      

    

    

    

    
      
        	

              	3.6	
                Buyer shall pay all charges which are payable by reason of the LNG Vessel having to shift berth at the Unloading Location, unless such shifting is a result of Seller’s
                    and/or Seller’s Transporter’s action or inaction.

              

      

    

    

    

    4.          Notices of LNG Vessel Movements and
        Characteristics of Cargoes

    

    

    
      
        	

              	4.1	
                With respect to each Cargo to be delivered to Buyer pursuant to an Agreement, Seller shall give, or, cause the master of the LNG Vessel to give, to Buyer, the following
                    notices:

              

      

    

    

    

    
      
        	

              	(a)	
                a first notice, which shall be sent either upon the departure (from the Unloading Location) of the LNG Vessel from the Loading Location, or as early as reasonably possible,
                    and which shall set forth the time and date of departure, and the estimated time of arrival of the LNG Vessel at the Unloading Location (“ETA”). If
                    this ETA changes by more than twelve (12) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Buyer;

              

      

    

    

    

    
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              	(b)	
                a second notice, updating or confirming the ETA, which shall be sent one hundred and sixty-eight (168) hours prior to arrival at the Unloading Location. If this ETA changes
                    by more than six (6) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Buyer;

              

      

    

    

    

    
      
        	

              	(c)	
                a third notice, updating or confirming the ETA, which shall be sent seventy-two (72) hours prior to arrival at the Unloading Location. If this ETA changes by more than six
                    (6) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Buyer;

              

      

    

    

    

    
      
        	

              	(d)	
                a fourth notice, updating or confirming the ETA, which shall be sent forty-eight (48) hours prior to arrival at the Unloading Location. If this ETA changes by more than six
                    (6) hours, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Buyer;

              

      

    

    

    

    
      
        	

              	(e)	
                a fifth notice, updating or confirming the ETA, which shall be sent twenty-four (24) hours prior to arrival at the Unloading Location. If this ETA changes by more than one
                    (1) hour, the LNG Vessel’s master shall promptly give notice of the corrected ETA to Buyer; and

              

      

    

    

    

    
      
        	

              	(f)	
                notice of readiness when the LNG Vessel has arrived at the PBS and the LNG Vessel is ready to berth and to unload LNG in all respects (“Notice of Readiness”).

              

      

    

    

    

    The notices referred to above shall be sent either by facsimile or email.

    

    

    
      
        	

              	4.2	
                Seller’s notice under Section 4.1(a) of Exhibit C above shall state the estimated volume, expressed in cubic metres, of LNG which is to be unloaded from the LNG Vessel at
                    Buyer’s Facilities and any operational deficiencies with respect to the LNG Vessel that may affect its port performance. Each further notice given by Seller under Section 4.1 of Exhibit C above shall include details of any significant
                    change in such information since the last such notice was given.

              

      

    

    

    

    5.          Demurrage and Excess Boil-off at
        Unloading Location

    

    

    
      
        	

              	5.1	
                Laytime used in unloading an LNG Vessel (“Used Laytime”) shall begin to count upon
                    the earlier of (i) the LNG Vessel being all fast and fully moored at Buyer’s Facilities, (ii) six (6) hours after the tendering of the Notice of Readiness (provided the LNG Vessel tenders Notice of Readiness within the applicable
                    Delivery Window) or (iii) 0600 hours Local Time on the first day of the applicable Delivery Window (provided the LNG Vessel arrives prior to such date and has tendered the Notice of Readiness) and shall end when the last unloading arm
                    is disconnected and the LNG Vessel is cleared for departure and able to depart.

              

      

    

    

    

    
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              	5.2	
                Allowed Laytime at the Unloading Location shall be nominated in the Confirmation.

              

      

    

    

    

    
      
        	

              	5.3	
                In the event Used Laytime exceeds Allowed Laytime, Buyer shall pay to Seller or to Seller’s Transporter’s account so directed by seller, demurrage at the daily rate set
                    forth in the applicable Confirmation. The Parties undertake that demurrage is the sole and exclusive compensation payable if the unloading of an LNG Vessel has not been completed within the Allowed Laytime. However, if such delay also
                    affects the delivery of subsequent Cargoes to Buyer scheduled in accordance with the applicable Confirmation or any other Confirmation entered into pursuant to this Master Agreement, Seller and Buyer shall consult in good faith to
                    modify the Delivery Window in respect of such subsequent Cargoes so as to facilitate delivery of such Cargoes.

              

      

    

    

    

    
      
        	

              	5.4	
                For computation of demurrage to be paid by Buyer, any time lost as a result of any of the following shall be added to Allowed Laytime:

              

      

    

    

    

    
      
        	

              	(a)	
                reasons attributable to the fault of Seller, the Transporter, the LNG Vessel or its master, crew, owner or operator;

              

      

    

    

    

    
      
        	

              	(b)	
                Force Majeure;

              

      

    

    

    

    
      
        	

              	(c)	
                Adverse Weather Conditions; and

              

      

    

    

    

    
      
        	

              	(d)	
                time during which normal operation at the Unloading Location is prohibited by law, regulation or decree.

              

      

    

    

    

    
      
        	

              	5.5	
                Without prejudice to Seller’s right to receive demurrage in accordance with Section 5.3 of Exhibit C above, if any problem occurs or is foreseen to occur so as to cause
                    delay to an LNG Vessel in berthing, unloading and/or departing which results or is expected to result in Used Laytime exceeding Allowed Laytime, Buyer and Seller shall discuss the problem in good faith and use their reasonable
                    endeavours to minimise such delay and, at the same time, cooperate with each other to identify measures which can be adopted to minimise or to avoid the occurrence of any similar delay in the future.

              

      

    

    

    

    
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              	5.6	
                If an LNG Vessel is delayed in the commencement of unloading (for reasons attributable to Buyer) and, if as a result thereof, the commencement of unloading is delayed
                    beyond twenty-four (24) hours after the earlier of (i) the LNG Vessel being all fast and fully moored at Buyer’s Facilities, (ii) six (6) hours after the tendering of the Notice of Readiness (provided the LNG Vessel tenders Notice of
                    Readiness, within the applicable Delivery Window) or (iii) 0600 hours Local Time on the first day of the applicable Delivery Window (provided the LNG Vessel arrives prior to such date and has tendered the Notice of Readiness), then
                    Buyer shall pay Seller an amount, on account of excess boil-off, equal to the Contract Sales Price for the relevant Cargo multiplied by the MMBTUs of excess boil-off. The MMBTUs of excess boil-off shall be calculated by multiplying the
                    quantity of LNG in the Cargo as specified in the Confirmation (expressed in MMBTUs) by the deemed daily boil-off rate set forth in the applicable Confirmation by the number of days between the commencement of unloading and the point in
                    time when excess boil-off commenced as determined in this Section 5.6.

              

      

    

    

    

    
      
        	

              	5.7	
                Seller shall invoice Buyer pursuant to Section 7.3 for amounts due under Sections 5.3 and 5.6 of this Exhibit C and shall provide the relevant documents and calculations in
                    support of such amount, and Buyer shall pay such invoice in accordance with the terms of Section 7.4(b).

              

      

    

    

    

    
      
        	

              	5.8	
                If the unloading of an LNG Vessel is not completed within the Allowed Laytime and such delay is the fault of Seller, and as a result another LNG vessel (which would have
                    been unloaded if this delay had not occurred) is prevented from or delayed in unloading, then Seller shall reimburse to Buyer the demurrage payable by Buyer, if any, in respect of such LNG vessel; provided that Seller shall not be
                    required to reimburse to Buyer any amounts based on a demurrage rate in excess of the demurrage rate set out in the relevant Confirmation.

              

      

    

    

    

    6.          Determination of Quantity and
        Quality

    

    

    
      
        	

              	6.1	
                Seller shall supply, operate and maintain, or cause to be supplied, operated and maintained, suitable gauging devices for the LNG tanks of the LNG Vessel, as well as
                    pressure and temperature measuring devices and all other measurement or testing devices that are incorporated in the structure of such LNG Vessel or customarily maintained on board ship.

              

      

    

    

    

    
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              	6.2	
                Buyer shall supply operate and maintain, or cause to be supplied, operated and maintained, devices required for collecting continuous samples and for determining quality
                    and composition of the delivered LNG and all other measurement or testing devices that are necessary to perform the measurement and testing required hereunder at Buyer’s Facilities.

              

      

    

    

    

    
      
        	

              	6.3	
                Each device provided for in this Section 6 shall be of a design that has been proven in service in an existing LNG trade, unless otherwise agreed by the Parties as provided
                    below. Any devices provided for in this Section 6 not previously used in an existing LNG trade shall be chosen by agreement of the Parties and shall be such as are, at the time of selection, the most accurate and reliable in their
                    practical application. The required degree of accuracy of such devices shall be agreed upon and verified by the Parties in advance of their use, and such degree of accuracy shall be verified by an independent surveyor or independent
                    surveyors. All such devices shall be subject to approval by classification societies or by the appropriate governmental authority of the country in which the Unloading Location is located and/or the country in which the Loading Location
                    is located, as applicable.

              

      

    

    

    

    
      
        	

              	6.4	
                The Parties shall cooperate closely in the design, selection and acquisition of devices to be used for measurements and tests under this Section 6 so that, as far as
                    possible, measurements and tests may be conducted in either United States units of measurement or metric units of measurement. In the event that it becomes necessary to make measurements and tests using different systems or units of
                    measurement, the Parties shall establish mutually agreed conversion tables. Measurement devices shall be calibrated in the United States units or metric units set out in the table below.

              

      

    

    

    

    
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            Measurement

          	
            United States Units

          	
            Metric Units

          
	
            Volume:

          	
            Cubic Feet

          	
            Cubic metres

          
	
            Temperature:

          	
            Degrees Fahrenheit

          	
            Degrees Celsius

          
	
            Pressure:

             

            (State whether absolute or gauge)

          	
            Pounds per square Inch or inches of mercury

          	
            Kilograms per square Centimetre, bars, millibars, kilopascals or millimetres of mercury

          
	
            Length:

          	
            Feet

          	
            Metres

          
	
            Weight:

          	
            Pounds

          	
            Kilograms

          
	
            Density:

          	
            Pounds per cubic foot

          	
            Kilograms per cubic metre

          

    

    

    
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              	6.5	
                Seller shall furnish to Buyer, or cause Buyer to be furnished with, a certified copy of tank gauge tables as described in Section 1 of Exhibit D for each tank of the LNG
                    Vessel.

              

      

    

    

    

    
      
        	

              	6.6	
                Volumes of LNG delivered at the Delivery Point under an Agreement shall be determined by gauging the LNG in the tanks of the LNG Vessel(s) immediately before and after
                    unloading. Gauging the liquid in the tanks of the LNG Vessel(s) and the measuring of liquid temperature, vapour temperature and vapour pressure in each LNG tank and the trim and list of the LNG Vessel(s) and atmospheric pressure shall
                    be performed, or caused to be performed, by Seller before and after unloading. Copies of gauging and measurement records shall be finished to Buyer, and in the absence of manifest error, shall be conclusive. Gauging devices shall be
                    selected, and measurements shall be effected, in accordance with the procedures set forth in the Terminal Rules or, in the absence of such procedures, with the procedures set forth in Sections 2 and 3 of Exhibit D.

              

      

    

    

    

    
      
        	

              	6.7	
                Representative samples of the LNG delivered at the Delivery Point shall be obtained or caused to be obtained by Buyer in accordance with the procedures set forth in the
                    Terminal Rules or, in the absence of such procedures, with the procedures set forth in Section 4 of Exhibit D. Such samples shall be provided to Seller at Seller’s expense if such samples are requested by Seller. Such samples shall be
                    analysed, or caused to be analysed by Buyer, in accordance with the procedures set forth in the Terminal Rules or, in the absence of such procedures, with the procedures set forth in Section 4 of Exhibit D in order to determine the BTU
                    content, the molar fraction of the hydrocarbons and other components in the sample.

              

      

    

    

    

    
      
        	

              	6.8	
                The quantity of BTUs unloaded at the Unloading Location shall be calculated by Buyer in accordance with the procedures set forth in Section 5 of Exhibit D.

              

      

    

    

    

    
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              	6.9	
                All measurements, gauging and analyses provided for in Sections 6.6 to 6.8 of Exhibit C above shall be witnessed and verified by an independent surveyor or independent
                    surveyors. Prior to effecting such measurements, gauging and analyses, the Party responsible for such operations shall notify the representatives of the other Party and the independent surveyor, allowing such representative and
                    independent surveyor(s) a reasonable opportunity to be present for all operations and computations; provided, however, that the absence of either or both of the representative of the other Party or the independent surveyor after
                    notification and reasonable opportunity to attend shall not prevent any operation or computation from being performed. The results of the verifications by the independent surveyor shall be made available promptly to each Party. All
                    records of measurements and the computation results shall be preserved by the Party responsible for effecting such measurements and held available to the other relevant Party for a period of not less than one (1) year after such
                    measurements and computations have been completed, or if longer until any dispute between the Parties relating in any way to such measurement and computations has been finally resolved (by agreement or arbitration or otherwise).

              

      

    

    

    

    
      
        	

              	6.10	
                Permissible tolerances shall be as set forth in Sections 1 and 2 of Exhibit D. Where the inaccuracy of a device is found to exceed the permissible tolerances, the device,
                    if possible, shall be adjusted accordingly and recordings and computations made on the basis of those recordings shall be corrected with respect to any period of error that is definitely known or agreed by the Parties. All the invoices
                    issued during such period of error shall be amended accordingly to reflect such correction and an adjustment in payment shall be made between Seller and Buyer. In the event that the period of error is neither known nor agreed,
                    corrections shall be made for each delivery made during the last half of the period since the date of the most recent calibration of the inaccurate device. However, the provisions of this Section 6.10 shall not be applied to require the
                    modification of any disputed invoice that has been finally resolved pursuant to Section 7.6.

              

      

    

    

    

    
      
        	

              	6.11	
                All costs and expenses for testing and verifying measurement devices shall be borne by the Party who is testing or verifying the devices being tested and verified unless
                    the testing is conducted at the request of the other Party and such testing does not disclose errors or inaccuracies which require correction in such measurement devices, in which event, the Party requesting such testing or verification
                    shall bear such costs; provided, however, that representatives of the Parties attending such tests and verifications shall do so at the cost and risk of the Party they represent.

              

      

    

    

    

    
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              	6.12	
                Each Party shall be entitled to appoint an independent surveyor and bear their own fees and charges for the purposes of this Section 6 unless the Parties Mutually agree to
                    jointly appoint an independent surveyor and bear the fees and charges equally.

              

      

    

    

    

    
      
        	

              	6.13	
                To the extent of any discrepancies between the measurements and test results determined by the Parties and the independent surveyor(s), the determination of the independent
                    surveyor(s) shall prevail. If the Parties have each appointed an independent surveyor under Section 6.12 of Exhibit C and the independent surveyors do not jointly agree on a determination, either Party may notify the other Party of such
                    disagreement and the Parties shall refer such Dispute to an Expert pursuant to Section 15.2.

              

      

    

    

    

    7.          Liability

    

    

    
      
        	

              	7.1	
                To the fullest extent permissible by law, Seller agrees (regardless of the presence or absence of insurance) to indemnify, defend and hold Buyer, their Affiliates, and
                    their respective officers, directors, employees, agents, successors, assigns, contractors and subcontractors (collectively, the “Buyer Indemnified Parties”)

                    harmless from and against any and all claims, losses, demands, damages, liabilities, costs and expenses (collectively, “Claims” and each a “Claim”) relating to any of:

              

      

    

    

    

    
      
        	

              	(a)	
                the property, facilities or other assets of any of the Seller Indemnified Parties, or

              

      

    

    

    

    
      
        	

              	(b)	
                the officers, directors, employees, and agents of Seller or any of the Seller Indemnified Parties, or

              

      

    

    

    

    
      
        	

              	(c)	
                any LNG Vessel utilised by Seller in connection with the performance of an Agreement,

              

      

    

    

    

    unless such Claims arise from or relate to any act or incident involving the Wilful Misconduct of the management of any of the Buyer
        Indemnified Parties.

    

    

    
      
        	

              	7.2	
                To the fullest extent permissible by law, Buyer agrees (regardless of the presence or absence of insurance) to indemnify, defend, and hold Seller, Seller’s Transporter,
                    their Affiliates, and their respective officers, directors, employees, agents, successors, assigns, contractors and subcontractors (collectively, the “Seller

                      Indemnified Parties”) harmless from and against any and all Claims relating to any of:

              

      

    

    

    

    
      
        	

              	(a)	
                the property, facilities or other assets of any of the Buyer Indemnified Parties, or

              

      

    

    

    

    
      
        	

              	(b)	
                the officers, directors, employees, and agents of Buyer or any of the Buyer Indemnified Parties,

              

      

    

    

    

    
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    unless such Claims arise from or relate to any act or incident involving the Wilful Misconduct of the management of any of the Seller
        Indemnified Parties.

    

    

    
      
        	

              	7.3	
                The Party entitled to indemnification shall promptly notify the Party obligated to indemnify that Party of any Claims in respect of which it is entitled to be indemnified
                    under this Section 7. Such notice shall be given not later than thirty (30) days after the Party entitled to indemnification becomes aware of such Claims.

              

      

    

    

    

    
      
        	

              	7.4	
                Any Party entitled to indemnification shall have the right, but not the obligation, to contest, defend and litigate (and to retain legal advisers of its choice in
                    connection therewith) any Claims, action, suit, or proceeding by any Third Party alleged or asserted against it arising out of any matter in respect of which it is entitled to be indemnified hereunder, and the reasonable costs and
                    expenses thereof shall be subject to the said indemnity; provided, however, that the Party obligated to indemnify the other Party shall be
                    entitled, at its option, to assume and control the defense of such Claim, action, suit, or proceeding at its expense and through legal advisers of its choice if it:

              

      

    

    

    

    
      
        	

              	(a)	
                gives notice of its intention to do so to the other Party;

              

      

    

    

    

    
      
        	

              	(b)	
                acknowledges in writing its obligation to indemnify the other Party to the full extent provided by this Section 7.4; and

              

      

    

    

    

    
      
        	

              	(c)	
                reimburses the other party for the reasonable costs and expenses previously incurred by the other Party prior to the assumption of such defense by the Party obligated to
                    provide indemnification. No Party entitled to indemnification shall settle or compromise any Claim, action, suit or proceeding in respect of which it is entitled to be indemnified by the other Party without the prior written consent of
                    the Party obligated to provide indemnification, which consent shall not be unreasonably or arbitrarily withheld or delayed.

              

      

    

    

    

    
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    EXHIBIT D

    

    

    MEASUREMENT, SAMPLING AND TESTING

    

    

    The procedures and guidelines specified in this Exhibit D shall be used to determine the quantity of LNG delivered pursuant to a Confirmation. Where the
        Terminal Rules contradict this Exhibit D then the Terminal Rules shall prevail only to the extent necessary to facilitate use of the measurement equipment installed and regularly used at the Terminal and not in respect of Section 5 (Determination
        of BTU Quantity of LNG Delivered) of this Exhibit D.

    

    

    Throughout this Exhibit, reference to “Party A” shall be Buyer in
        case of an FOB delivery or Seller in the case of a DES delivery and reference to “Party B” shall be Seller in the case of an FOB delivery or Buyer in the case
        of a DES delivery.

    

    

    
      
        	1.	
                Tank Gauge Tables

              

      

    

    

    

    
      
        	1.1	
                Prior to the utilisation of any LNG Vessel: (a) in the case of an LNG Vessel the tanks of which have never been calibrated shall be calibrated for volume against level by
                    an industry recognised authority agreed by the Parties, or (b) in the case of an LNG Vessel the tanks of which have previously been calibrated, evidence of such calibration by an industry recognised authority agreed by the Parties and
                    this shall be affected to both Parties.

              

      

    

    

    

    
      
        	1.2	
                If any cargo tank in the LNG Vessel in the Confirmation is internally modified which impacts the tank tables, or suffers distortion since the tanks in the LNG Vessel were
                    last calibrated, Party A shall immediately inform Party B and arrange for a recalibration of such cargo tanks.

              

      

    

    

    

    
      
        	1.3	
                In the event that any LNG tank of any LNG Vessel suffers distortion or undergoes reinforcement or modification of such a nature as to reasonably cause either Seller or
                    Buyer to question the validity of the tank gauge tables referred to above, Party A shall arrange for such LNG tank to be re-calibrated in the same manner as set forth in above during any period when such LNG Vessel is out of service for
                    inspection and/or repairs. Party A shall bear the costs of re-calibration unless such re-calibration was done at Party B’s request and did not demonstrate any uncertainty in the tank gauge tables, in which case Party B shall pay the
                    costs of re-calibration. Except as provided in this paragraph, no other re-calibration of any LNG tank of any LNG Vessel shall be required.

              

      

    

    

    

    
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        	1.4	
                Calibration of the tanks shall be prepared in accordance with methods described in the LNG Custody Transfer Handbook.

              

      

    

    

    

    
      
        	1.5	
                Calibration certificate shall state that the tank tables are determined with an uncertainty less than 0.2%.

              

      

    

    

    

    
      
        	2.	
                Selection of Gauging Devices

              

      

    

    

    

    
      
        	2.1	
                Liquid Level Gauging Devices

              

      

    

    

    

    
      
        	

              	(a)	
                The condition of the tank at the time of the custody transfer shall be as described in clause 5.6 of ISO 13398.

              

      

    

    

    

    
      
        	

              	(b)	
                Each LNG tank of each LNG Vessel shall be equipped with a main and an auxiliary liquid level gauging device. Preferable order is microwave, electrical capacitance and
                    float. For each kind, its characteristics, tolerances, installation, operation and checking will be based on the following standards:

              

      

    

    

    

    
      
        	

              	(i)	
                Microwaves gauges. ISO 13689. Refrigerated light hydrocarbon fluids – Measurement of liquid levels in tank containing liquefied gases – Microwave gauges.

              

      

    

    

    

    
      
        	

              	(ii)	
                Electrical capacitance gauges. ISO 8309. Refrigerated light hydrocarbon fluids – Measurement of liquid levels in tank containing liquefied gases Electrical capacitance
                    gauge.

              

      

    

    

    

    
      
        	

              	(iii)	
                Float type level gauges. ISO 10574. Refrigerated light hydrocarbon fluids – Measurement of liquid levels in tank containing liquefied gases – Float type level gauges.

              

      

    

    

    

    Subject to the prior written approval of the Parties, any devices of equal or greater accuracy (as demonstrated by the Party controlling
        the applicable LNG Vessel) may be used in substitution of any of the above liquid level gauging devices.

    

    

    
      
        	

              	(c)	
                The measurement uncertainty of the main liquid level gauging devices shall be no worse than +/-7.5 millimetres and of the auxiliary liquid level gauging devices shall be no
                    worse than +/- 10 millimetres.

              

      

    

    

    

    
      
        	

              	(d)	
                The auxiliary measurement device shall always be in operation to provide a comparison to and as a monitor for any malfunction of the primary measurement device. Failure of
                    the main measurement device shall not cause failure of the auxiliary device. Each gauge shall conform to ISO 18132-1.

              

      

    

    

    

    
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              	(e)	
                Recalibration of liquid level gauging devices shall be carried out during each dry docking or immediately if determined to be out of calibration during operations.

              

      

    

    

    

    
      
        	

              	(f)	
                The level of liquid in the tanks shall be determined by the main measuring devices that give automatic readouts in the cargo control room, but if there is any failure the
                    level of liquid shall be determined by using the auxiliary liquid level gauging device for the relevant cargo tank(s). For the purpose of volume calculations, the level of each tank shall be taken as the arithmetic average of five (5)
                    readings at fifteen (15) second intervals. Such five (5) readings shall be made in as rapid succession as possible. The arithmetic average of such readings shall be deemed the liquid level.

              

      

    

    

    

    
      
        	

              	(g)	
                Such arithmetic average shall be calculated to the nearest zero decimal one (0.1) millimetre and shall be rounded to the nearest millimetre.

              

      

    

    

    

    
      
        	

              	(h)	
                The same liquid level gauging device shall be used for both the initial and final measurements during loading. If the main level gauging device is inoperative at the time
                    of commencement of loading, necessitating use of the auxiliary level gauging device, the auxiliary level gauging device shall be used at the time of cessation of loading, even if the main level gauging device has subsequently become
                    operative.

              

      

    

    

    

    
      
        	

              	(i)	
                Trim and list of the LNG Vessel shall be kept unchanged while the referenced measurements are performed.

              

      

    

    

    

    
      
        	2.2	
                Temperature Gauging Devices

              

      

    

    

    

    
      
        	

              	(a)	
                Each LNG tank of each LNG Vessel shall be equipped with a minimum of four (4) temperature gauging devices located on or near the vertical axis of such LNG tank. One of the
                    temperature sensors shall be amounted at the bottom of each tank, and another of the temperature sensors shall be amounted at the top of each tank to make sure that the temperature of liquid and vapour can always available. The sensors
                    shall be carefully located to avoid the effects of the LNG spray. These temperature sensors shall have 100% back up redundancy in the form of spare sensors, for emergency use mounted adjacent to such temperature sensors.

              

      

    

    

    

    
      
        	

              	(b)	
                The characteristics, tolerances, installation, operation and checking of the temperature gauging devices must agree with ISO 8310 Refrigerated light hydrocarbon fluids –
                    Measurement of temperature in tanks containing liquefied gases – Resistance thermometers and thermocouples.

              

      

    

    

    

    
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              	(c)	
                The measurement uncertainty of the temperature gauging devices shall under normal operating be less than 0.3°C.

              

      

    

    

    

    
      
        	

              	(d)	
                Recalibration of temperature measuring devices shall be carried out during each dry docking or immediately if determined to be out of calibration during operations.

              

      

    

    

    

    
      
        	2.3	
                Pressure Gauging Devices

              

      

    

    

    

    
      
        	

              	(a)	
                Each LNG tank of each LNG Vessel shall have at least one absolute pressure gauging device. If absolute pressure gauging devices are not available, then relative pressure
                    gauging devices may be used and the absolute pressure determined by measuring atmospheric pressure at the same time and adding to the relative pressure.

              

      

    

    

    

    
      
        	

              	(b)	
                Its characteristics, tolerances, installation, operation and checking of the pressure gauging devices must agree with ISO 13398 Refrigerated light hydrocarbon fluids –
                    Liquefied natural gas – procedure for custody transfer on board ship.

              

      

    

    

    

    
      
        	

              	(c)	
                The measurement accuracy of the pressure gauging device shall be plus or minus one percent (+/- 1%) of full-scale.

              

      

    

    

    

    
      
        	2.4	
                Inclinometer and Draft Gauge

              

      

    

    

    

    
      
        	

              	(a)	
                The LNG Vessel will be equipped with an inclinometer (list gauging device) and draft gauge (trim gauging device). The inclinometer provided may be an electronic analogue or
                    a digital type.

              

      

    

    

    

    
      
        	

              	(b)	
                For digital inclinometers, the total error shall not exceed ±0.01 degree for typical intended range (usually ±2 degrees for trim and ±5 degrees for list).

              

      

    

    

    

    
      
        	

              	(c)	
                For analogue inclinometer, the total error shall not exceed ±0.02 degree over the intended range (usually ±2 degrees for trim and ±5 degrees for list). Calibration shall be
                    carried out in accordance with the manufacturer’s recommended procedures. The difference shall not exceed 0.25% of the range.

              

      

    

    

    

    
      
        	

              	(d)	
                The draft gauge shall measure the vessels draft forward, port/starboard, midship, and aft with accuracy within ± 50mm.

              

      

    

    

    

    
      
        	

              	(e)	
                List and trim measurements shall be made using devices whose accuracy is at least +/- 0.5% of full span.

              

      

    

    

    

    
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        	2.5	
                Verification of Accuracy of Gauging Devices

              

      

    

    

    

    Gauging devices shall be verified for accuracy. Permissible tolerances shall be as described in this Exhibit D. Where the inaccuracy of
        a device is found to exceed the permissible tolerances, the device, if possible, shall be adjusted accordingly and recordings and computations made on the basis of those recordings shall be corrected with respect to any period of error that is
        definitely known or agreed by the Parties. All the invoices issued during such period of error shall be amended accordingly to reflect such correction and an adjustment in payment shall be made between Buyer and Seller. In the event that the period
        of error is neither known nor agreed, corrections shall be made for each delivery made during the last half of the period since the date of the most recent calibration of the inaccurate device.

    

    

    
      
        	3.	
                Measurement Procedures

              

      

    

    

    

    The Buyer and Seller shall have the right for a representative to be present at gaugings, chromatograph calibration and sampling. The
        absence of either Party shall not prevent such activities or delay LNG transfer.

    

    

    
      
        	3.1	
                Volume

              

      

    

    

    

    
      
        	

              	(a)	
                The quantity in Cubic Meters and the temperature and the pressure of the delivered LNG shall be measured with the LNG Vessel instrumentation in accordance with the methods
                    described in the LNG Custody Transfer Handbook.

              

      

    

    

    

    
      
        	

              	(b)	
                After an LNG Vessel is docked and before unloading/loading commences, the representative of LNG Vessel shall cause the LNG Vessel to be levelled with list and trim to be
                    zero with readings to be taken and noted from the primary clinometer and draught gauges. If it is not possible to trim ship due to weather, tide or ballast conditions, then list and trim correction data charts shall be used. Party A
                    shall cause the first gauging to be made after the master of the LNG Tanker has given notice of cessation of Natural Gas burning and completion of emergency shutdown testing (and confirmation of stoppage of all spray pumps and
                    compressors and shut-off of Natural Gas master valve to the LNG Tanker’s boilers) but prior to opening the manifold ESD valves of the LNG tanker and starting the LNG transfer pumps. A second gauging operation shall take place
                    immediately after the Completion of Unloading (and confirmation of shut-off of the manifold ESD valves and Natural Gas master valve to the LNG Tanker’s boilers, with the transfer pumps off and allowing sufficient time for the liquid
                    level to stabilise). Measurements prior to commencement of unloading and after Completion of Unloading shall be carried out based on the LNG Tanker condition upon arrival at the berth (i.e., depending on whether the LNG Tanker arrives
                    with deck piping full or deck piping empty). Since significant volumes of LNG may remain in the LNG Tanker’s manifold and crossover, gauging shall be performed with these lines in the same condition prior to commencement of unloading
                    and after Completion of Unloading. If the LNG Tanker’s manifold and crossover lines are empty (warm) when measurement is taken before commencement of unloading commences, they shall be emptied prior to measurement following the
                    Completion of Unloading. If the crossover lines are liquid filled (cold) when measurement is taken before commencement of unloading, they shall remain full (cold) until measurement is taken following the Completion of Unloading. By use
                    of the levels so ascertained, the appropriate tank tables and any corrections for list or trim, the volume of liquid cargo in each cargo tank both before and after unloading shall be calculated. The total volume unloaded shall be the
                    difference between the sum of the cargo tanks’ liquid volumes calculated before and the sum of the cargo tanks’ liquid volumes after unloading and rounded to the nearest Cubic Meter.

              

      

    

    

    

    
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              	(c)	
                If both the main and auxiliary liquid level gauging devices fail to operate correctly, the Parties shall agree on another appropriate method of determining the total volume
                    unloaded.

              

      

    

    

    

    
      
        	

              	(d)	
                The level measurements of all devices in each LNG tank shall be logged or printed.

              

      

    

    

    

    
      
        	3.2	
                Temperatures

              

      

    

    

    

    
      
        	

              	(a)	
                The average temperature of the liquid cargo in each LNG Tanker’s cargo tank shall be determined at the same time that the liquid level measurements are taken by means of
                    the temperature measuring instruments which are fully immersed in the liquid. The average of the readings of all the primary instruments immersed in the liquid is calculated and rounded to the nearest zero decimal zero one (0.01°C). The
                    temperature of the vapour shall be calculated by averaging the readings of the primary instruments fully surrounded by vapour, and the result rounded to the nearest zero decimal zero one 0.01°C.

              

      

    

    

    

    
      
        	

              	(b)	
                Should the measurements referred to above become impossible to perform due to a failure of gauging devices, alternative gauging procedures shall be determined by mutual
                    agreement between Buyer and Seller in consultation with the independent surveyor agreed to by the Parties.

              

      

    

    

    

    
      
        	

              	(c)	
                The temperature measurements of all devices in each LNG tank shall be logged or printed.

              

      

    

    

    

    
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        	3.3	
                List and Trim

              

      

    

    

    

    
      
        	

              	(a)	
                The list (heel) and trim of the LNG Vessel shall be measured at the same time that the liquid levels are measured.

              

      

    

    

    

    
      
        	

              	(b)	
                The measurement of list shall be conducted to the nearest zero decimal zero one (0.01) degree. The measurement of trim shall be conducted to the nearest zero decimal zero
                    one (0.01) degree.

              

      

    

    

    

    
      
        	

              	(c)	
                The determination of the list and the trim of the LNG Vessel shall be made by taking one (1) reading of the list and the trim gauging devices.

              

      

    

    

    

    
      
        	

              	(d)	
                The list and heel measurement of all devices shall be logged or printed.

              

      

    

    

    

    
      
        	3.4	
                Tank Pressure

              

      

    

    

    

    
      
        	

              	(a)	
                The pressures of the LNG tanks shall be equalised before measurement. The pressure of each LNG tank and the atmospheric pressure shall be measured at the same time that the
                    liquid levels are measured. If any gauge is more than 1% different from the average of the other gauges then the reading from that gauge shall be discarded. The pressures shall be averaged and rounded to the nearest millibar.

              

      

    

    

    

    
      
        	

              	(b)	
                The pressure measurement of all devices in each LNG tank and atmospheric shall be logged or printed.

              

      

    

    

    

    
      
        	4.	
                Determination of compositions

              

      

    

    

    

    
      
        	4.1	
                If average sampling is used, then representative samples shall be obtained continuously and at an even flow proportional rate during the period of stable unloading in
                    accordance with ISO8943 using a sampler of a design proven in service and customarily in use in the LNG industry, and operated in accordance with generally accepted standards in the LNG industry. The composition shall be determined in
                    accordance with ISO 6974 by gas chromatography to six (6) decimal places or to the accuracy of the equipment if lower. The chromatographs used shall be tested and validated in accordance with ISO10723. Either continuous on-line gas
                    chromatography or off-line gas chromatography analysis of retained samples shall be used for custody transfer purposes in accordance with the customary practices and procedures at Buyer’s Facilities.

              

      

    

    

    

    
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        	4.2	
                If online gas chromatography is used then representative samples of LNG being loaded (for FOB transactions) or unloaded (for DES transactions) (as applicable) shall be
                    taken from a sample point located on the unloading line by the Independent Surveyor at approximately twenty-five (25) percent, fifty (50) percent and seventy-five (75) percent through the unload (for DES transactions) (as applicable).
                    These samples shall be retained by the Party B for a minimum of thirty (30) Days.

              

      

    

    

    

    
      
        	4.3	
                If off-line gas chromatography of an averaged sample is used then three sample cylinders shall be taken by Party B from the average sampling system at the end of
                    unloading/loading. One cylinder shall be used for analysis, one cylinder for backup and one cylinder retained for thirty (30) days. Party A may cause to have obtained one additional sample cylinder for its own analysis if it so requires
                    and return this cylinder to the counterparty within sixty (60) days after the unloading is completed. In case of any dispute as to the accuracy of any analysis, the remaining sample cylinders shall be further retained until the Parties
                    agree that such cylinders are no longer necessary to be retained.

              

      

    

    

    

    
      
        	4.4	
                If off-line gas chromatography of multiple samples is used then Party B shall take a sample cylinder at regular intervals, no longer than two (2) hours apart and starting
                    once full discharge rate is achieved or one (1) hour after unloading starts if earlier. Party A may cause additional sample cylinders to be taken at its own cost. Each cylinder shall be analysed and the average composition determined.

              

      

    

    

    

    
      
        	4.5	
                In the event of a Dispute, device inaccuracy or device failure, either Party may request that the samples be analysed at their own cost. The results of such analysis may be
                    used as evidence for the purposes of any related Dispute resolution process.

              

      

    

    

    

    
      
        	4.6	
                The arithmetic average of each analysis shall determine the molar composition of the LNG. If the sum of the arithmetic averages of each component is less than 100%, then
                    the Methane shall be adjusted such that the sum equals 100%. The gas chromatograph used for custody transfer shall be calibrated by Party B (witnessed by the independent surveyor and/or Party A or its representative) prior to the start
                    of bulk unloading using a standard gas supplied by a reliable and reputable manufacturer with known accuracy and traceability. The quality of the standard gas shall be in accordance with ISO 6142-2001 or GPA 2198 or otherwise in
                    accordance with practises and procedures customarily in use in the LNG industry. The composition of the standard gas shall be similar to the LNG being transferred.

              

      

    

    

    

    
      
        	4.7	
                The gas chromatograph shall be validated at least [once] per year in accordance with the latest version of ISO 6974 (part 1) for an off-line gas chromatograph and ISO 10723
                    for an on-line gas chromatograph current at the time of validation, or otherwise in accordance with practises and procedures customarily in use in the LNG industry.

              

      

    

    

    

    
      93

      
        

    

    

    

    
      
        	4.8	
                If the online sampling method fails to take a representative sample or the online gas chromatograph fails to analyse the vaporised gas in accordance with this Exhibit or
                    the Parties dispute the quality determination resulting from the online analysis, Party B shall cause to have analysed its assigned offline sample in accordance with ISO 6974-5.

              

      

    

    

    

    
      
        	4.9	
                The vapour phase during the loading or unloading operations shall be taken into account in the energy balance. The composition of the vapour return shall be assumed to be
                    one hundred percent (100%) Methane unless the composition is established by analysis or fact, in which case the established composition shall be used.

              

      

    

    

    

    
      
        	5.	
                Determination of BTU Quantity of LNG Delivered

              

      

    

    

    

    
      
        	5.1	
                LNG Density

              

      

    

    

    

    
      
        	

              	(a)	
                The LNG density shall be calculated by use of the method Klosek MacKinley from NB S Technical Note 1030, December 1980.

              

      

    

    

    

    
      
        	

              	(b)	
                The molar mass shall be taken from ISO 6976-1995, units of density shall be in kg/m3 and calculation results shall be given with 0.0001 significant figures.

              

      

    

    

    

    
      
        	5.2	
                Gross Heating Value

              

      

    

    

    

    
      
        	

              	(a)	
                Gross Heating Value (Mass)

              

      

    

    

    

    The Gross Heating Value (Mass) shall be
        calculated by use of the method ISO 6976-1995 with combustion reference conditions of fifteen degrees Celsius (15°C) and 101.325 kPa and units of MJ/kg and 0.0001 significant figures.

    

    

    
      
        	

              	(b)	
                Gross Heating Value (Volumetric)

              

      

    

    

    

    The Gross Heating Value (Volumetric) shall be
        calculated by use of the method ISO 6976-1995 with combustion reference conditions of fifteen degrees Celsius (15°C) and 101.325 kPa and in units of MJ/Sm3 to 0.0001 significant figures.

    

    

    “Sm3” or “Standard Cubic Meter” means the amount of Gas which occupies a Cubic Meter at fifteen (15) Degrees Celsius and a pressure of one hundred one decimal three two five (101.325) kPa.

    

    

    “Cubic Meter” or its abbreviations “CBM” or “m3” means a volume of a cube whose edges are all one (1) meter.

    

    

    
      94

      
        

    

    

    

    
      
        	5.3	
                Energy delivered

              

      

    

    

    

    
      
        	

              	(a)	
                The quantity of the energy delivered shall be calculated in accordance with the formula given in the latest version of the LNG Custody Transfer published by the GIIGNL in
                    clause 2.1.

              

      

    

    

    

    
      
        	

              	(b)	
                For the purpose of this calculation the quantity of energy is converted to MMBTU using the factor 1MMBTU = 1055.12 Mega Joules, expressed in MMBTU and, rounded to two (2)
                    decimal places.

              

      

    

    

    

  

  95

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