Document:

Exhibit 10.1

 

Execution
Version

 

	CERTAIN IDENTIFIED INFORMATION
HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY
DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.

 

 

 

 

LNG SALE AND PURCHASE AGREEMENT

 

by and between

 

DRIFTWOOD LNG LLC

 

(Seller)

 

and

 

VITOL INC.

 

(Buyer)

 

dated as of June 2, 2021

 

 

    

    

    

 

 

TABLE OF CONTENTS

 

Page

 

	1.	Definitions and Interpretation	1

		1.1	Definitions	1
		1.2	Interpretation	18
		1.3	Replacement of Rates and Indices No Longer Available	19

 

	2.	Approvals	21

		2.1	Approvals	21
		2.2	Change in Export Laws	21
		2.3	Conditions Precedent	21

 

	3.	Subject Matter	22

		3.1	Sale and Purchase of LNG	22

 

	4.	Term	24

		4.1	Term	24
		4.2	Date of First Commercial Delivery	24
		4.3	Notification of Date of First Commercial Delivery	24
		4.4	Delayed Date of First Commercial Delivery	26
		4.5	Contract Year	27

 

	5.	Quantities	27

		5.1	ACQ	27
		5.2	Adjusted Annual Contract Quantity	28
		5.3	Even and Ratable Deliveries	28
		5.4	Round-Up/Round-Down Quantities	29
		5.5	Major Scheduled Maintenance	29
		5.6	Seller’s Delivery Obligation	30
		5.7	Buyer’s Purchase Obligation	32

 

	6.	Delivery Point, Title and Risk, Destination	33

		6.1	Delivery Point	33
		6.2	Title and Risk	34
		6.3	Destination	34

 

	7.	Transportation and Loading	34

		7.1	Transportation by Buyer	34
		7.2	Driftwood LNG Terminal	34
		7.3	Compatibility of the Driftwood LNG Terminal with LNG Tankers	36
		7.4	Buyer Inspection Rights in Respect of the Driftwood LNG Terminal	36
		7.5	LNG Tankers	37
		7.6	LNG Tanker Inspections; LNG Tanker Vetting Procedures; Right to Reject LNG Tanker	41
		7.7	Port Liability Agreement	42

 

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		7.8	Driftwood Marine Operations Manual	43
		7.9	Loading of LNG Tankers	44
		7.10	Notice of Readiness	45
		7.11	Berthing Assignment	46
		7.12	Berth Laytime	48
		7.13	LNG Tanker Not Ready for LNG Loading; Excess Laytime	50
		7.14	LNG Loadings at the Driftwood LNG Terminal	51
		7.15	Cooperation	52
		7.16	Cool-Down of LNG Tankers	52
		7.17	Gas-Up of LNG Tankers	53

 

	8.	Annual Delivery Program	55

		8.1	Programming Information	55
		8.2	Determination of Annual Delivery Program	57
		8.3	Changes to Annual Delivery Program	58
		8.4	Ninety Day Schedule	59
		8.5	Alternative LNG Tanker	60

 

	9.	Contract Sales Price	60

		9.1	Contract Sales Price	60

 

	10.	Invoicing and Payment	62

		10.1	Invoices	62
		10.2	Payment	63
		10.3	Disputed Invoice	64
		10.4	Delay in Payment	65
		10.5	Audit Rights	66

 

	11.	Taxes	66

		11.1	Responsibility	66
		11.2	Seller Taxes	66
		11.3	Buyer Taxes	66
		11.4	Withholding Taxes	67
		11.5	Transfer Taxes	67
		11.6	Mitigation and Cooperation	68
		11.7	Refunds	68

 

	12.	Quality and Emissions Reporting	68

		12.1	Specification	68
		12.2	Determining LNG Specifications	69
		12.3	Off-Specification LNG	69
		12.4	Emissions Reporting	71

 

	13.	Measurements and Tests	72

		13.1	LNG Measurement and Tests	72
		13.2	Parties to Supply Devices	72
		13.3	Selection of Devices	72
		13.4	Tank Gauge Tables of LNG Tanker	72
		13.5	Gauging and Measuring LNG Volumes Loaded	72

 

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		13.6	Samples for Quality Analysis	73
		13.7	Quality Analysis	73
		13.8	Operating Procedures	73
		13.9	MMBtu Quantity Delivered	73
		13.10	Verification of Accuracy and Correction for Error	73
		13.11	Costs and Expenses	74

 

	14.	Force Majeure and Upstream FM	74

		14.1	Force Majeure	74
		14.2	Limitations on Force Majeure	75
		14.3	Upstream FM	77
		14.4	Notification	79
		14.5	Measures	80
		14.6	No Extension of Term	80
		14.7	Settlement of Industrial Disturbances	80
		14.8	Foundation Customer Priority	81

 

	15.	Liabilities and Indemnification	81

		15.1	General	81
		15.2	Limitations on Liability	81
		15.3	Buyer’s Credit; Credit Support	83
		15.4	Third Party Liability	85
		15.5	Seller’s Insurance	86
		15.6	Buyer’s Insurance	87

 

	16.	Safety	87

		16.1	General	87
		16.2	Third Parties	87

 

	17.	Exchange of Information	87

 

	18.	Confidentiality	87

		18.1	Duty of Confidentiality	87
		18.2	Permitted Disclosures	88
		18.3	Confidential Information Remedy	90
		18.4	Duration of Confidentiality	90
		18.5	Mental Impressions	90
		18.6	Public Announcements	91

 

	19.	Default and Termination	91

		19.1	Right to Suspend Performance	91
		19.2	Termination Events	91
		19.3	Termination	93
		19.4	Rights Accrued Prior to Termination	94
		19.5	Final Reconciliation	95
		19.6	Survival	95

 

	20.	Dispute Resolution and Governing Law	95

		20.1	Dispute Resolution	95

 

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		20.2	Expert Determination	98
		20.3	Governing Law	99
		20.4	Immunity	99

 

	21.	Successors; Assignments	100

		21.1	Successors	100
		21.2	Assignment by Buyer	100
		21.3	Assignments by Seller	101
		21.4	Seller, Tellurian Inc., Driftwood and Affiliate Financing	102

 

	22.	Contract Language	105

 

	23.	Miscellaneous	105

		23.1	Disclaimer of Agency	105
		23.2	Entire Agreement	105
		23.3	Third Party Beneficiaries	105
		23.4	Amendments and Waiver	105
		23.5	Exclusion	106
		23.6	Further Assurances	106
		23.7	Severability	106
		23.8	Representations and Warranties of Buyer	106
		23.9	Representations and Warranties of Seller	107
		23.10	Counterparts	107
		23.11	Safe Harbor	107

 

	24.	Notices	108

		24.1	Form of Notice	108
		24.2	Electronic Transmission	109

 

	25.	Trade Law Compliance and Business Practices	110

		25.1	Trade Law Compliance	110
		25.2	Prohibited Practices	111
		25.3	Records; Audit	112
		25.4	Representations and Warranties	112
		25.5	Indemnity	112

 

	Exhibit
A	Measurement
	Exhibit B	Form of Port Liability Agreement
	Exhibit C	Form of Guaranty (Buyer)
	Exhibit D	Form of Acceptable Letter
of Credit

 

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LNG SALE AND PURCHASE AGREEMENT

 

THIS
LNG SALE AND PURCHASE AGREEMENT (“Agreement”) is made and entered into as of June 2, 2021 (the “Effective
Date”), by and between Driftwood LNG LLC, a limited liability company incorporated under the laws of Delaware whose principal
place of business is located at 1201 Louisiana Street, Suite 3100, Houston, TX 77002 (USA) (“Seller”), and Vitol
Inc., a corporation incorporated under the laws of Delaware whose principal place of business is located at 2925 Richmond Avenue, 11th
Floor, Houston, TX 77098 (USA) (“Buyer”). Buyer and Seller are each referred to herein as a “Party”
and collectively as the “Parties”.

 

Recitals

 

		(1)	Seller is developing an LNG liquefaction terminal on the Calcasieu River, south of Lake Charles, Louisiana,
to comprise up to five Plants;

 

		(2)	Buyer desires to be engaged in the purchase of LNG at the Driftwood LNG Terminal and transportation of
such LNG to one or more Discharge Terminals; and

 

		(3)	Seller and Buyer desire to execute this definitive agreement setting out the Parties’ respective
rights and obligations in relation to the sale and purchase of LNG.

 

It is agreed:

 

		1.	Definitions and Interpretation

 

		1.1	Definitions

 

		 	The words and expressions below shall, unless the context otherwise
requires, have the meanings respectively assigned to them:

 

	AAA:	as defined in Section ‎20.1.2;
	 	 
	Acceptable Credit Rating:	one (1) Credit Rating that is equal to or better than the following: (i) Baa3 by Moody’s Investors Service, Inc., (ii) BBB- by S&P Global Ratings, a division of S&P Global Inc., (iii) BBB- by Fitch Ratings, Inc., or (iv) any comparable Credit Rating by any other nationally recognized statistical rating organization registered with the U.S. Securities and Exchange Commission, including any successors to Moody’s Investors Service, Inc., S&P Global Ratings, a division of S&P Global Inc., or Fitch Ratings, Inc.;
	 	 
	Acceptable Guarantor:	an Affiliate of Buyer that has an Acceptable Credit Rating or any other entity acceptable to Seller in its discretion;

 

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	Acceptable Letter of Credit:	an irrevocable standby letter of credit, substantially in the form of Exhibit D, issued by a Financial Institution;
	 	 
	ACQ:	as defined in Section ‎5.1.1;
	 	 
	Actual Laytime:	as defined in Section ‎7.12.2;
	 	 
	Adjusted Annual Contract Quantity or AACQ:	as defined in Section ‎5.2;
	 	 
	Adverse Weather Conditions:	weather or sea conditions actually experienced or reasonably forecasted at or near the Driftwood LNG Terminal that are sufficiently severe: (i) to prevent an LNG Tanker from proceeding to berth, or loading or departing from berth, in accordance with one or more of the following: (a) regulations published by a Governmental Authority; (b) an Approval; or (c) an order of a Pilot; or (ii) to cause an actual determination by the master of an LNG Tanker that it is unsafe for such LNG Tanker to berth, load, or depart from berth;
	 	 
	Affiliate:	with respect to any Person, any other Person that, directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with such Person; for purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”) means the direct or indirect ownership of fifty percent (50%) or more of the voting rights in a Person or the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise;
	 	 
	Agreement:	this agreement, including the Exhibits hereto, as the same may be amended, modified or replaced from time to time;
	 	 
	Allotted Laytime:	as defined in Section ‎7.12.1;
	 	 
	Allowed Laytime:	as defined in Section ‎7.13.2(a);
	 	 
	Alternative LNG Tanker	as defined in Section ‎8.5;

 

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	Annual Delivery Program or ADP:	as defined in Section ‎8.2.4;
	 	 
	Anti-Corruption Law:	any of 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 any other corruption or similar statute, regulation, order or convention binding on the applicable Person, as each may be amended from time to time, and including any implementing regulations promulgated pursuant thereto;
	 	 
	Applicable Laws:	in relation to matters covered by this Agreement, all applicable laws, statutes, rules, regulations, ordinances, codes, standards and rules of common law, and judgments, decisions, interpretations, orders, directives, injunctions, writs, decrees, stipulations, or awards of any applicable Governmental Authority or duly authorized official, court or arbitrator thereof, in each case, now existing or which may be enacted or issued after the Effective Date;
	 	 
	Approvals:	any and all permits (including work permits), franchises, authorizations, approvals, grants, licenses, visas, waivers, exemptions, consents, permissions, registrations, decrees, privileges, variances, validations, confirmations or orders granted by or filed with any Governmental Authority, including the Export Authorizations;
	 	 
	Assessment Period:	as defined in Section ‎9.1.1;
	 	 
	Bankruptcy Code:	Title 11 of the United States Code (11 U.S.C. §101 et. seq.);

 

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	Bankruptcy Event:	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, compromise or any composition with or for the benefit of its creditors except to the extent otherwise permitted by Section ‎21, (iii) any petition or filing under the bankruptcy or other insolvency laws of any jurisdiction, or consent by answer by such Person to the filing against it, seeking relief or reorganization or arrangement (by way of voluntary arrangement, scheme of arrangement or otherwise) or any other similar petition or filing in bankruptcy, for liquidation or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, (iv) any order or filing under the laws of any jurisdiction seeking the winding up, bankruptcy, liquidation, dissolution, custodianship or administration of such Person or any substantial part of such Person’s property, (v) any order under the bankruptcy or insolvency laws of any jurisdiction: (a) constituting an order for relief with respect to such Person; (b) approving a petition for relief or reorganization or any other petition in bankruptcy or insolvency law with respect to such Person; or (c) approving any petition filed in bankruptcy or insolvency law against such Person, or (vi) the appointment of a liquidator, receiver, administrative receiver, administrator, compulsory manager or other similar officer in respect of such Person or any substantial part of such Person’s property;
	 	 
	Btu:	the amount of heat equal to one thousand fifty-five decimal zero five six (1,055.056) Joules;
	 	 
	Business Day:	any Day (other than Saturdays, Sundays and national holidays in the United States of America) on which commercial banks are normally open to conduct business in the United States of America;
	 	 
	Buyer:	as defined in the Preamble;
	 	 
	Buyer Aggregate Liability:	as defined in Section ‎15.2.7(b);
	 	 
	Buyer Liability Cap:	as defined in Section ‎15.2.7(c);
	 	 
	Buyer Taxes:	as defined in Section ‎11.3;
	 	 
	Cargo DoP Payment:	as defined in Section ‎5.6.2;
	 	 
	Cargo DoP Quantity:	as defined in Section ‎5.6.2;
	 	 
	Cargo Shortfall Payment:	as defined in Section ‎5.7.3;
	 	 
	Cargo Shortfall Quantity:	as defined in Section ‎5.7.2;

 

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	Claim:	all claims, demands, legal proceedings, or actions that may exist, arise, or be threatened currently or in the future at any time following the Effective Date, whether or not of a type contemplated by any Party, and whether based on federal, state, local, statutory or common law or any other Applicable Law;
	 	 
	Commercially Operable:	(i) in respect of a Plant, the Plant (a) has achieved Substantial Completion, (b) is, as determined by Seller acting as a Reasonable and Prudent Operator, capable of reliably delivering LNG in quantities sufficient and quality necessary to permit Seller to perform its obligations hereunder and its obligations in respect of such Plant to every other Foundation Customer that has an LNG sale and purchase agreement in which Seller’s obligation to make available a certain quantity of LNG to such Driftwood Buyer is conditioned upon the start-up of such Plant, in a sustained manner and (c) is constructed in compliance with Section ‎7.2.2; and (ii) in respect of the Driftwood Pipeline, the Driftwood Pipeline is in service and is capable of transporting quantities of Gas to the Driftwood LNG Terminal in quantities sufficient and quality necessary to permit Seller to perform all of its obligations hereunder;
	 	 
	Composite ADP:	as defined in Section ‎8.2.5;
	 	 
	Composite Ninety Day Schedule:	as defined in Section ‎8.4.2;
	 	 
	Condition Precedent:	as defined in Section ‎2.3.1;
	 	 
	Confidential Information:	as defined in Section ‎18.1;
	 	 
	Connecting Pipeline:	any Gas pipeline directly connected to the Driftwood LNG Terminal, including the Driftwood Pipeline;
	 	 
	Contract Year:	as defined in Section ‎4.5;
	 	 
	CP Deadline:	as defined in Section ‎2.3.3;
	 	 
	CP Fulfillment Date:	as defined in Section ‎2.3.2;
	 	 
	CR:	as defined in Section ‎9.1.1;

 

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	Credit Rating:	a credit rating in respect of the senior, unsecured, long-term debt (not supported by third-party credit enhancement), or the long-term confidential issuer credit rating or the long-term issuer default rating of a Person;
	 	 
	CSP:	as defined in Section ‎9.1.1;
	 	 
	Date of First Commercial Delivery:	as defined in Section ‎4.2;
	 	 
	Day:	a period of twenty-four (24) consecutive hours starting at 00:00 hours local time in Calcasieu Parish, Louisiana;
	 	 
	Delivery Point:	as defined in Section ‎6.1;
	 	 
	Delivery Window:	a twenty-four (24) hour period starting at 6:00 a.m. Central Time on a specified Day and ending twenty-four (24) consecutive hours thereafter that is allocated to Buyer under the ADP or Ninety Day Schedule, as applicable;
	 	 
	Demurrage Event:	as defined in Section ‎7.12.3;
	 	 
	Direct Agreement:	as defined in Section ‎21.4.2;
	 	 
	Discharge Terminal:	with respect to each cargo of LNG taken or scheduled to be taken by Buyer pursuant to this Agreement, the facilities intended by Buyer to be utilized for the unloading, reception, discharge, storage, treatment (if necessary), and regasification of the LNG and the processing and send-out of Gas or regasified LNG, and other relevant infrastructure, including marine facilities (such as breakwaters and tugs) for the safe passage to berth of LNG Tankers, terminal facilities for the berthing and discharging of LNG Tankers, LNG storage tanks and the regasification plant;
	 	 
	Dispute:	any dispute or difference of whatsoever nature arising under, out of, in connection with or in relation (in any manner whatsoever) to this Agreement or the subject matter of this Agreement, including (a) any dispute or difference concerning the initial or continuing existence of this Agreement or any provision of it, or as to whether this Agreement or any provision of it is invalid, illegal or unenforceable (whether initially or otherwise) or (b) any dispute or claim which is ancillary or connected, in each case in any manner whatsoever, to the foregoing;

 

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	Driftwood:	Driftwood Holdings LP;
	 	 
	Driftwood Buyer:	each Person that is a party to a long-term LNG sale and purchase agreement with Seller;
	 	 
	Driftwood LNG Terminal:	the facilities that Seller intends to construct, own and operate (or have operated on its behalf) in Calcasieu Parish, Louisiana, on the Calcasieu River, including the Gas pretreatment and processing facilities, liquefaction facility, storage tanks, utilities, terminal facilities, and associated port and marine facilities, and all other related facilities both inside and outside the LNG plant, inclusive of up to the first five (5) Plants that Seller or its Affiliates or shareholders determines to construct;
	 	 
	Driftwood Marine Operations Manual:	as defined in Section ‎7.8;
	 	 
	Driftwood Pipeline:	that certain Gas pipeline(s) that Driftwood Pipeline LLC intends to construct, own and operate (or have operated on its behalf), and which will be directly connected to the Driftwood LNG Terminal;
	 	 
	Effective Date:	as defined in the Preamble;
	 	 
	Electronic Transmission:	any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process;
	 	 
	EPC Contract:	that certain Lump Sum Turnkey Agreement for the Engineering, Procurement and Construction of the Driftwood LNG Phase 1 Liquefaction Facility, between Seller and Bechtel Oil, Gas and Chemicals, Inc., dated November 10, 2017, as may be amended, supplemented, transferred, replaced (in any way) or novated;
	 	 
	ETA:	with respect to an LNG Tanker, the estimated time of arrival of such LNG Tanker at the PBS;

 

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	EUR:	the lawful currency from time to time of the European Union;
	 	 
	Expert:	a Person agreed upon or appointed in accordance with Section ‎20.2.1;
	 	 
	Export Authorizations:	as defined in Section ‎2.1;
	 	 
	Export Control and Sanctions Laws:	export control and sanctions laws and regulations of the United States of America, including the Export Administration Regulations, 15 C.F.R. Parts 730 et seq., and economic sanctions administered by the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC), 31 C.F.R. Part 500 et seq.;
	 	 
	Fifth Window Period:	as defined in Section ‎4.3.5;
	 	 
	Final Contract Year:	as defined in Section ‎4.5(b);
	 	 
	Final Window Period:	as defined in Section ‎4.3.6;
	 	 
	Financial Institution:	a U.S., United Kingdom or European Union bank, insurance company, or other financial institution, which has at least USD ten billion (US$10,000,000,000) in net assets and is rated at least (i) ‘A-’ by S&P Global Ratings, a division of S&P Global Inc., (ii) ‘A-’ by Fitch Ratings, Inc., (iii) ‘A3’ by Moody’s Investors Service, Inc., or (iv) a comparable rating from another internationally recognized ratings agency;
	 	 
	First Contract Year:	as defined in Section ‎4.5(a);
	 	 
	First DFCD:	the first Date of First Commercial Delivery to occur under this Agreement in respect of Plant 1 or Plant 2;
	 	 
	First Window Period:	as defined in Section ‎4.3.1;
	 	 
	Force Majeure:	as defined in Section ‎14.1;
	 	 
	Foundation Customer:	(i) Buyer and (ii) any customer of Seller that enters into an LNG sale and purchase agreement for the purchase and export of no less than one (1) million metric tonnes per annum of LNG from the Driftwood LNG Terminal, with a minimum LNG supply period of ten (10) years;
	 	 
	Foundation Customer Priority:	as defined in Section ‎14.8;

 

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	Fourth Window Period:	as defined in Section ‎‎4.3.4;
	 	 
	Front Month Contract:	as defined in Section ‎9.1.1;
	 	 
	FTA Export Authorization:	an order from the Office of Fossil Energy of the U.S. Department of Energy granting to Seller, its Affiliate, its direct or indirect LNG supplier or any other Person acting as agent on behalf of Seller or such LNG supplier the authorization to export LNG delivered pursuant to this Agreement (or pursuant to an LNG supply or tolling agreement with such LNG supplier) by vessel from the Driftwood LNG Terminal to countries that have entered into a free trade agreement with the United States of America requiring the national treatment for trade in natural gas for a specific term, as the same may be supplemented, amended, modified, changed, superseded or replaced from time to time;
	 	 
	Full Cargo Lot:	the quantity of LNG which fills the LNG Tanker to the fullest extent that such LNG Tanker can safely load and carry;
	 	 
	Gas:	any hydrocarbon or mixture of hydrocarbons consisting predominantly of methane that is in a gaseous state;
	 	 
	Gas Reserves:	Gas reserves which are owned by Seller or its Affiliates;
	 	 
	Governmental Authority:	any national, regional, state, or local government, or any subdivision, agency, commission or authority thereof (including any maritime authorities, port authority or any quasi-governmental agency), having jurisdiction over a Party (or any Affiliate or direct or indirect owner thereof), a Connecting Pipeline, Gas in a Connecting Pipeline or the Driftwood LNG Terminal, the Driftwood LNG Terminal, LNG in the Driftwood LNG Terminal, an LNG Tanker, LNG or Gas in an LNG Tanker, a Transporter, the last disembarkation port of an LNG Tanker, or a Discharge Terminal, or any Gas pipeline on which Seller or its Affiliate has contracted capacity, which interconnects with a Connecting Pipeline, as the case may be, and acting within its legal authority;

 

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	Gross Heating Value:	the quantity of heat expressed in Btu produced by the complete combustion in air of one (1) cubic foot of anhydrous gas, at a temperature of sixty (60) degrees Fahrenheit and at an absolute pressure of fourteen decimal six nine six (14.696) pounds per square inch, with the air at the same temperature and pressure as the gas, after cooling the products of the combustion to the initial temperature of the gas and air, and after condensation of the water formed by combustion;
	 	 
	Guarantor:	any Acceptable Guarantor executing a Guaranty for delivery to Seller hereunder to the extent required hereunder;
	 	 
	Guaranty:	an irrevocable payment guaranty executed by a Guarantor in favor of Seller, which is substantially in the form attached as Exhibit C hereto;
	 	 
	HH:	as defined in Section ‎14.3.4;
	 	 
	ICC:	as defined in Section ‎20.2.1;
	 	 
	ICE:	as defined in Section ‎9.1.1;
	 	 
	Indemnified Party:	as defined in Section ‎15.4(a);
	 	 
	Indemnifying Party:	as defined in Section ‎15.4(a);
	 	 
	International LNG Terminal Standards:	to the extent not inconsistent with the express requirements of this Agreement, the international standards and practices applicable to the design, construction, equipment, operation or maintenance of LNG liquefaction terminals, established by the following (such standards to apply in the following order of priority): (i) a Governmental Authority having jurisdiction over the Driftwood LNG Terminal, Driftwood, the operator of the Driftwood LNG Terminal or Seller; (ii) the Society of International Gas Tanker and Terminal Operators (SIGTTO) (to the extent applicable); (iii) the Oil Companies International Marine Forum (OCIMF) (to the extent applicable); and (iv) any other internationally recognized non-governmental agency or organization with whose standards and practices it is customary for Reasonable and Prudent Operators of LNG liquefaction terminals, to comply, provided, however, that in the event of a conflict between any of the priorities noted above, the priority with the lowest roman numeral noted above shall prevail;

 

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	International LNG Vessel Standards:	the standards
    and practices from time to time in force applicable to the ownership, design, equipment, operation or maintenance of LNG vessels
    established by: (i) a Governmental Authority having jurisdiction over the LNG vessel in the Loading Port; (ii) the
    International Maritime Organization (IMO); (iii) the classification society of the LNG vessel, provided such
    classification society is a member of the International Association of Classification Societies Ltd. (IACS); (iv) the Oil
    Companies International Marine Forum (OCIMF); (v) the Society of International Gas Tanker and Terminal Operators (SIGTTO); and
    (vi) any other internationally recognized agency or non-governmental organization with whose standards and practices it is
    customary for Reasonable and Prudent Operators of LNG vessels similar to those applicable to this Agreement, to comply, provided,
    however, that in the event of a conflict between any of the priorities noted above, the priority with the lowest roman numeral
    noted above shall prevail;
	 	 
	International Standards:	(i) with respect to Buyer, the International LNG Vessel Standards; and (ii) with respect to Seller, the International LNG Terminal Standards;
	 	 
	In-Transit Final Notice:	as defined in Section ‎7.9.3(d);
	 	 
	In-Transit First Notice:	as defined in Section ‎7.9.2;
	 	 
	In-Transit Fourth Notice:	as defined in Section ‎7.9.3(c);
	 	 
	In-Transit Second Notice:	as defined in Section ‎7.9.3(a);
	 	 
	In-Transit Third Notice:	as defined in Section ‎7.9.3(b);
	 	 
	JKM:	as defined in Section ‎9.1.1;
	 	 
	JKM CSP:	as defined in Section ‎9.1.1;
	 	 
	Lender:	any Person, other than a shareholder of Seller or its Affiliates, duly authorized in its principal place of business to lend monies, to finance or to provide financial support in any form in respect of the Driftwood LNG Terminal, Upstream Assets, Connecting Pipelines, or the Driftwood Pipeline, including any commercial bank, export credit agency, funding agency, bondholder, institutional investor, insurance company, underwriter, or similar institution in relation to the provision of finance or financial support;

 

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	Lenders’ Agent:	as defined in Section ‎21.4.1;
	 	 
	Liquid Trading Point:	any location referenced in Platts Gas Daily for the trading of physical Gas at such location;
	 	 
	LNG:	Gas in a liquid state at or below its point of boiling and at or near atmospheric pressure;
	 	 
	LNG Tanker(s):	an ocean-going vessel suitable for transporting LNG which complies with the requirements of this Agreement and which Buyer uses or causes to be used, or intends to use or to be used, in connection with this Agreement;
	 	 
	Loading Port:	the port where the Driftwood LNG Terminal is located, or the port at an alternate supply source pursuant to Section ‎3.1.2;
	 	 
	Loss:	any and all losses, liabilities, damages, costs, judgments, settlements and expenses (whether or not resulting from Claims by Third Parties), including interest and penalties with respect thereto and reasonable attorneys’ and accountants’ fees and expenses;
	 	 
	M:	as defined in Section ‎9.1.1;
	 	 
	Major Scheduled Maintenance Quantity:	as defined in Section ‎5.5;
	 	 
	Measurement Dispute:	as defined in Section ‎20.2.1;
	 	 
	Mitigation Sale:	as defined in Section ‎5.7.5;
	 	 
	Mitigation Sale Payment:	as defined in Section ‎5.7.6;
	 	 
	MMBtu:	one million (1,000,000) Btus;
	 	 
	Month:	each period of time which starts at 00:00 hours local time in Calcasieu Parish, Louisiana, on the first Day of each calendar month and ends at 24:00 hours local time in Calcasieu Parish, Louisiana, on the last Day of the same calendar month;

 

    16

     

    

 

 

		MWh:	megawatt hour;

 

		Ninety Day
Schedule:	as
defined in Section ‎8.4.1;

 

		Non-FTA Export
Authorization:	an
order from the Office of Fossil Energy of the U.S. Department of Energy granting to Seller, its Affiliate, its direct or indirect LNG
supplier or any other Person acting as agent on behalf of Seller or such LNG supplier the authorization to export LNG delivered pursuant
to this Agreement (or pursuant to an LNG supply or tolling agreement with such LNG supplier) by vessel from the Driftwood LNG Terminal
to countries that have not entered into a free trade agreement with the United States of America requiring the national treatment for
trade in natural gas, which currently has or in the future develops the capacity to import LNG, and with which trade is not prohibited
by United States of America law or policy, for a specific term, as the same may be supplemented, amended, modified, changed, superseded
or replaced from time to time;

 

		Notice of
Readiness or NOR:	the
notice of readiness issued by the master of an LNG Tanker or its agent in accordance with Section ‎7.10.1;

 

		Off-Spec LNG:	as
defined in Section ‎12.3.1;

 

		Operational Tolerance:	as
defined in Section ‎5.6.3;

 

		P &I
Club:	a
Protection and Indemnity Club that is a member of the International Group of P&I Clubs;

 

		P &I
Insurance:	as
defined in Section ‎15.6(b);

 

		Party:	Buyer or Seller, and Parties means both Buyer
and Seller;

 

		Payor:	as defined in Section ‎11.4;

 

		PBS:	the customary Pilot boarding station at the Loading Port where the Pilot boards the LNG Tanker, as determined
by the applicable Governmental Authority or other entity with authority to regulate transit and berthing of vessels at the Loading Port;

 

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		Person:	any individual, corporation, partnership, limited liability company, trust, unincorporated organization
or other legal entity, including any Governmental Authority;

 

		Pilot:	any Person engaged by Transporter to come on board the LNG Tanker to assist the master in pilotage, maneuvering,
berthing and unberthing of such LNG Tanker;

 

		Plant:	each of the LNG production plants to be constructed for the Driftwood LNG Terminal, up to the first five
(5) plants (and collectively, the “Plants”), with an EPC contract guaranteed production capacity of four decimal
eighty-two (4.82) million tonnes per annum of LNG per Plant;

 

		Plant 1:	the
LNG production plant to be constructed at the Driftwood LNG Terminal pursuant to the EPC Contract that is described thereunder as “LNG
Plant 1”;

 

		Plant 2:	the
LNG production plant to be constructed at the Driftwood LNG Terminal pursuant to the EPC Contract that is described thereunder as “LNG
Plant 2”;

 

		Platts Business
Day:	as
defined in Section ‎9.1.1;

 

		Platts LNG
Daily:	as
defined in Section ‎9.1.1;

 

		Port Charges:	all
charges of whatsoever nature (including rates, tolls, dues, fees, and imposts of every description) in respect of an LNG Tanker entering
or leaving the Loading Port or loading LNG, including wharfage fees, in-and-out fees, franchise fees, line handling charges, and charges
imposed by tugs, the United States Coast Guard, a port authority, a harbor master, a Pilot, and any other authorized Person assisting
an LNG Tanker to enter or leave the Loading Port, and further including port use fees, throughput fees and similar fees payable by users
of the Loading Port (or by Seller or the operator of the Driftwood LNG Terminal on behalf of such users);

 

    14

     

    

 

		Port Liability
Agreement:	an
agreement for use of the port and marine facilities located at the Loading Port, to be entered into as described in Section ‎7.7.1,
in the form attached in Exhibit B hereto as may be amended pursuant to Section ‎7.7.4;

 

		Preliminary AACQ:	as
defined in Section ‎5.4.1;

 

		Pricing Date:	as
defined in Section ‎9.1.1;

 

		Pricing Month:	as
defined in Section ‎9.1.1;

 

		Provisional Invoice:	as
defined in Section ‎10.1.7(a);

 

		Reasonable and
Prudent Operator:	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, complying with all applicable International Standards and practices and regulations and approvals of Governmental
Authorities, engaged in the same type of undertaking under the same or similar circumstances and conditions;

 

		Required Modification:	as
defined in Section ‎7.3.2;

 

		Round-Down Quantity:	as
defined in Section ‎5.4.3;

 

		Round-Up Quantity:	as
defined in Section ‎5.4.2;

 

		SCF:	for Gas, the quantity of anhydrous Gas that occupies one (1) cubic foot of space at a temperature
of sixty (60) degrees Fahrenheit and a pressure of fourteen decimal six nine six (14.696) pounds per square inch absolute;

 

		Scheduled Cargo
Quantity:	the
quantity of LNG (in MMBtus) identified in the ADP or Ninety Day Schedule to be loaded onto an LNG Tanker in a Delivery Window in accordance
with Section ‎8;

 

		Second DFCD:	the
second Date of First Commercial Delivery to occur under this Agreement in respect of Plant 1 or Plant 2;

 

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		Second Window
Period:	as
defined in Section ‎4.3.2;

 

		Seller:	as defined in the Preamble;

 

		Seller Aggregate
Liability:	as
defined in Section ‎15.2.6(b);

 

		Seller Liability
Cap:	as
defined in Section ‎15.2.6(c);

 

		Seller Taxes:	as
defined in Section ‎11.2;

 

		SI:	the International System of Units;

 

		SIRE:	Ship Inspection Report Programme;

 

		SIRE Accredited
Inspector:	an
inspector qualified by the OCIMF to inspect an LNG Tanker for the purpose of generating an inspection report for inclusion in OCIMF’s
SIRE;

 

		SOFR:	the rate per annum equal to the ninety (90)-day average of the Secured Overnight Financing Rate published
by the Federal Reserve Bank of New York (https://www.newyorkfed.org/markets/reference-rates/sofr) at 8:00 am U.S. Eastern Time on the
day that is two (2) Business Days prior to the applicable payment due date; provided, that, (a) if there is no such publication
on any such day, the rate shall be the rate appearing at 8:00 am U.S. Eastern Time for the immediately preceding publication date, and
(b) if SOFR, as calculated pursuant to the foregoing, is negative, then it shall be deemed to be zero (0);

 

		Specifications:	as defined in Section ‎12.1;

 

		Stub Quantity:	as
defined in Section ‎5.4.1;

 

		Substantial Completion:	in
respect of a Plant, “Substantial Completion” of the “Project” that includes such Plant, in accordance with the
EPC Contract (where “Project” and “Substantial Completion” are defined according to the EPC Contract);

 

		Tangible Net
Worth:	at
any date of determination with respect to a Person, the amount equal to (x) all consolidated assets of such Person and its consolidated
subsidiaries, including any cash or cash equivalents and any assets consisting of equity securities or equity interests in any other
entity, but excluding the value of goodwill and intangible assets of such Person and its consolidated subsidiaries, minus (y) all
consolidated liabilities of such Person and its consolidated subsidiaries, all determined in accordance with International Financial
Reporting Standards or generally accepted accounting principles in the United States of America;

 

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		Taxes:	all taxes, levies, duties, charges, withholdings and all other assessments in the nature of a tax (but
excluding Port Charges), which may now or hereafter be enacted, levied or imposed, directly or indirectly, by a Governmental Authority,
including income, value added, goods and services, sales and use, gross receipts, license, payroll, environmental, profits, severance,
premium, franchise, property, ad valorem, excise, capital stock, import, stamp, transfer, withholding, employment, occupation, generation,
privilege, utility, regulatory, energy, consumption, lease, filing, recording and activity taxes, levies, duties, fees, charges, and imposts
and any taxes imposed by reference to energy value and/or carbon content (regardless of whether the quantum of the tax is calculated by
reference to energy value and/or carbon content or by reference to sums payable under this Agreement or otherwise), together with any
and all penalties, interest and additions thereto;

 

		Term:	as defined in Section ‎4.1;

 

		Terminating Party:	as
defined in Section ‎19.3.1;

 

		Termination Event:	as
defined in Section ‎19.2;

 

		Third Party:	a
Person other than a Party;

 

		Third Party
Claim:	as
defined in Section ‎15.4(a);

 

		Third Window
Period:	as
defined in Section ‎4.3.3;

 

		Transfer Taxes:	as
defined in Section ‎11.5;

 

		Transporter:	any Person who contracts with Buyer (or any Person taking delivery, at the Driftwood LNG Terminal, of
LNG sold to Buyer hereunder), for purposes of providing or operating any of the LNG Tankers;

 

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		TTF:	as defined in Section ‎9.1.1;

 

		TTF CSP:	as
defined in Section ‎9.1.1;

 

		Upstream Assets:	any
Gas Reserves; and any wells, wellbores and related equipment, and the lands and premises on which such wells, wellbores and related equipment
are located, and any production, storage, transportation, processing, gathering, compression and other midstream facilities, and other
similar hydrocarbon facilities, that produce, store, transport, process, gather or compress Gas from time to time, that are owned or
contracted by one or more of Seller’s Affiliates, and to the extent which they are used in respect of Gas Reserves but excluding
any Connecting Pipeline;

 

		Upstream FM:	as
defined in Section ‎14.3.1;

 

		Upstream FM
Cargo:	as
defined in Section ‎14.3.1; and

 

		USD or
US$:	the
lawful currency from time to time of the United States of America.

 

		1.2	Interpretation

 

For purposes of this Agreement:

 

		1.2.1	The titles, headings, and numbering in this Agreement are included for convenience only and will have
no effect on the construction or interpretation of this Agreement.

 

		1.2.2	References in this Agreement to Sections and Exhibits are to those of this Agreement unless otherwise
indicated. References to this 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 this Agreement.

 

		1.2.3	The word “include” or “including” will be deemed to be followed by “without
limitation.” The term “will” has the same meaning as “shall,” and thus imposes an obligation.

 

		1.2.4	Whenever the context so requires, the singular includes the plural and the plural includes the singular,
and the gender of any pronoun includes the other gender.

 

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		1.2.5	Unless otherwise indicated, references to any statute, regulation or other law will be deemed to refer
to such statute, regulation or other law as amended or any successor law.

 

		1.2.6	Unless otherwise indicated, references to a Person shall include such Person’s successors and permitted
assigns.

 

		1.2.7	Unless otherwise indicated, any reference to a time of Day shall be to Central Time in the United States
of America.

 

		1.2.8	Approximate conversions of any unit of measurement contained in parenthesis following the primary unit
of measurement included in Sections 1 through ‎25 of this Agreement are inserted as a matter of operational
convenience only to show the approximate equivalent in such different measurement. The obligations of the Parties under Sections 1
through ‎25 of this Agreement will be undertaken in respect of the primary unit of measurement and not in respect
of any such approximate conversion.

 

		1.3	Replacement of Rates and Indices No Longer Available

 

		1.3.1	Subject to Section ‎1.3.6, if (a) a publication that contains a rate or index
used in this Agreement ceases to be published for any reason or (b) such a rate or index ceases to exist, is materially modified,
or no longer is used as a liquid trading point for Gas or LNG (as applicable), so as systematically to change its economic result, or
is disaggregated, displaced or abandoned, for any reason, the Parties shall promptly discuss, with the aim of jointly selecting a rate
or index or rates or indices to be used in place of such rates and indices that maintains the intent and economic effect of those original
rates or indices.

 

		1.3.2	If the Parties fail to agree on a replacement rate or index pursuant to Section ‎1.3.1
within thirty (30) Days, either Party may submit such issue to an Expert pursuant to Section ‎20.2, as amended
by the provisions of this Section ‎1.3.2. Any Expert selected shall be instructed to select the published rate
or index, or a combination of published rates or indices, with adjustments as necessary or appropriate, that most nearly preserves the
intent and economic result of the original rates or indices. If the Parties are not able to agree upon an Expert within ten (10) Days
after the receipt of the notice of request for expert determination, either Party may elect to refer the determination of the replacement
rate or index for arbitration in accordance with Section ‎20.1.

 

		1.3.3	If any rate used in this Agreement is not published for a particular date, but the publication containing
such rate continues to be published and the rate itself continues to exist, the Parties shall use the published rate in effect for the
date such rate was most recently published prior to the particular date, unless otherwise provided in this Agreement.

 

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		1.3.4	If any index used in this Agreement is not published for a particular date, but the publication containing
such index continues to be published and the index itself continues to exist, the Parties shall use the published index in effect for
the date such index was most recently published prior to the particular date, unless otherwise provided in this Agreement. If the index
is subsequently published for the particular date, such published index will be substituted for the previously-used index and any calculations
involving such index will be recalculated and the Parties will take any necessary actions based upon these revised calculations, including
adjustments of amounts previously invoiced or paid.

 

		1.3.5	If an incorrect value is published for any rate or index used in this Agreement and such error is corrected
and published within ninety (90) Days of the date of the publication of such incorrect rate or index, such corrected rate or index will
be substituted for the incorrect rate or index and any calculations involving such rate or index will be recalculated and the Parties
will take any necessary actions based upon these revised calculations, including adjustments of amounts previously invoiced or paid.

 

		1.3.6	In respect of JKM, if (a) the methodology of calculating JKM has materially changed; (b) the
quotation is not available because the publisher (i) is insolvent or (ii) announces that it will cease to provide that quotation,
and in each case there is no successor publisher; (c) the quotation is formally discontinued or the publisher of the quotation announces
that it may no longer be used; or (d) in the opinion of both Buyer and Seller confirmed by each Party in writing, the basis for the
quotation no longer reflects the original intent of the Parties and would otherwise be no longer appropriate under this Agreement, then
either Party may notify the other Party that the notifying Party requests an amendment to this Agreement to replace JKM with (x) a
benchmark quotation that has been formally designated, nominated or recommended as the replacement quotation by the publisher of the quotation,
and if there is no such formally designated replacement, with (y) a comparable successor or alternative quotation expressed in USD
per MMBtu that is then broadly accepted as the prevailing market practice for LNG sales and purchases in Japan, Korea, China and Taiwan
in lieu of “JKM” and is reasonably acceptable to Buyer and Seller or (z) if no such broadly accepted comparable successor
quotation exists at such time, a successor or alternative quotation as Buyer and Seller may reasonably determine; in each case that maintains
the Parties in a similar commercial position as they were when using JKM. Then, if the Parties mutually agree to proceed and notwithstanding
any other provision of this Agreement, (i) Buyer and Seller shall promptly negotiate in good faith a JKM replacement amendment in
form and substance reasonably satisfactory to Buyer and Seller, and (ii) such JKM replacement amendment shall become effective upon
the execution and delivery of such JKM replacement amendment by Buyer and Seller. In the event the Parties do not agree on a JKM replacement,
the Parties hereby agree that an Expert shall determine the JKM replacement in accordance with Section ‎20.2. A
change in respect of JKM that does not materially affect the economic balance of this Agreement, such as a change in the JKM name, shall
not trigger this Section ‎1.3.6.

 

    20

     

    

 

		2.	Approvals

 

		2.1	Approvals

 

Seller shall at all times obtain and maintain,
or cause to be obtained and maintained, in force the FTA Export Authorization(s) and Non-FTA Export Authorization(s) required
to permit the export of all quantities of LNG to be made available hereunder (each of the foregoing FTA Export Authorization(s) and
Non-FTA Export Authorization(s), an “Export Authorization”). Each Party shall use reasonable efforts to obtain and
maintain in force, or cause to be obtained and maintained in force, the other Approvals (other than the Export Authorizations) that are
required for its own performance of this Agreement, and shall cooperate fully with each other whenever necessary for this purpose.

 

		2.2	Change in Export Laws

 

If the laws of the United States of America
do not require maintenance of or compliance with one or more Export Authorization(s) to export LNG from the United States of America
to a Discharge Terminal, then in respect of such Discharge Terminal, for so long as the laws of the United States of America do not require
such maintenance or compliance, the Parties agree that this Agreement shall be read and construed to omit those provisions of this Agreement
relating to such affected Export Authorization(s) and neither Party shall have any rights or obligations (including obligations to
maintain such affected Export Authorization(s) and claims of Force Majeure) in respect of any such Export Authorization(s).

 

		2.3	Conditions Precedent

 

		2.3.1	The Parties recognize and agree that this Agreement (other than the provisions of this Section ‎2.3
and Sections ‎1, ‎2.1, ‎2.2, ‎4.1 and ‎14
to ‎25, which shall all be in full force and effect as of the Effective Date) shall not become effective unless
and until each of the following conditions have been satisfied or waived (each, a “Condition Precedent”):

 

		(a)	Seller has issued to the EPC contractor under the EPC Contract an unconditional full notice to proceed
for the construction of Plant 1 and Plant 2; and

 

		(b)	Seller or an Affiliate of Seller has secured the necessary financing arrangements to construct such Plants
and has achieved financial close under such arrangements.

 

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		2.3.2	Promptly upon satisfaction of each Condition Precedent, Seller shall notify Buyer of such satisfaction.
The Conditions Precedent shall be waived only by written agreement of the Parties. The date that the last of the Conditions Precedent
is satisfied or waived shall be the “CP Fulfillment Date.”

 

		2.3.3	Seller shall endeavor in good faith to satisfy or procure the satisfaction of each Condition Precedent
by July 31, 2022 (such date, as may be revised in accordance with this Section ‎2.3.3,
the “CP Deadline”). If either Condition Precedent is not satisfied by the CP Deadline in circumstances other than where
such Condition Precedent has been waived in accordance with Section ‎2.3.2,
Seller shall give notice to that effect to Buyer and, if requested by Buyer, shall provide an explanation of the reason for the delay
in satisfaction of the Conditions Precedent and the revised date by which it is reasonably expected that the Conditions Precedent will
be satisfied. If the Parties agree in writing to change the deadline for satisfaction of the Conditions Precedent to the revised date
notified by Seller or another date, such revised date shall be deemed the CP Deadline for all purposes of this Agreement.

 

		2.3.4	If either Condition Precedent has been neither satisfied nor waived by the CP Deadline (as such CP Deadline
may be revised pursuant to Section ‎2.3.3), then at any time after such CP Deadline either Party may give to the
other Party a notice of termination of this Agreement. Such notice of termination shall be effective in accordance with Section ‎19.3.2
if either Condition Precedent remains neither satisfied nor waived prior to the applicable termination date pursuant to Section ‎19.3.2.

 

		2.3.5	Seller shall endeavor in good faith to issue, on or after the CP Fulfillment Date, an unconditional full
notice to proceed to the applicable contractor pursuant to the relevant contract for the Driftwood Pipeline in order to enable Seller
to perform its obligations under this Agreement.

 

		3.	Subject Matter

 

		3.1	Sale and Purchase of LNG

 

		3.1.1	Seller shall sell and make available for delivery, or compensate Buyer if not made available for delivery,
LNG in cargoes at the Delivery Point, and Buyer shall take and pay for, or compensate Seller if not taken, such LNG, in the quantities
and at the prices set forth in and otherwise in accordance with and subject to the provisions of this Agreement.

 

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		3.1.2	Seller shall load LNG cargoes from the Driftwood LNG Terminal, provided that upon not less than
sixty (60) Days’ prior written notice and subject to the prior written consent of Buyer (such consent not to be unreasonably withheld
or delayed), Seller may deliver LNG cargoes to Buyer from any alternate source; provided, further, that:

 

		(a)	such alternate source is located on the Gulf Coast of the United States of America;

 

		(b)	LNG from such alternate source shall, when made available by Seller to Buyer, comply with the Specifications;

 

		(c)	LNG from such alternate source shall comply with the specifications in Buyer’s relevant LNG sales
contractual obligation(s) in the reasonable determination of Buyer;

 

		(d)	Seller has agreed to reimburse Buyer an amount equal to Buyer’s reasonable estimate of the increased
costs that would be incurred as a result of the delivery of LNG at such alternate source;

 

		(e)	the delivery of LNG at an alternate source is necessitated by operational conditions affecting the Driftwood
LNG Terminal that have reduced the capability of the Driftwood LNG Terminal to produce or load LNG;

 

		(f)	the receipt of LNG at an alternate source will not affect the ability of LNG Tankers to perform such LNG
cargo receipts and deliveries and other LNG cargo receipts and deliveries in a timely fashion and in accordance with Buyer’s contractual
obligations, in the reasonable determination of Buyer;

 

		(g)	the facilities at the alternate source are compatible with LNG Tankers and acceptable in the reasonable
determination of Buyer;

 

		(h)	material operational changes, including material changes to NOR procedures, that arise due to loading
at the alternate source as opposed to loading at the Driftwood LNG Terminal, are agreed in writing after consultation between Buyer and
Seller;

 

		(i)	any other condition reasonably imposed by Buyer has been satisfied by Seller to Buyer’s reasonable
satisfaction; and

 

		(j)	the alternate source and the voyage thereto do not present added risks or dangers to any LNG Tanker or
personnel of Buyer or any Affiliate of Buyer in the reasonable determination of Buyer.

 

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		4.	Term

 

		4.1	Term

 

This
Agreement shall enter into force and effect as set forth in Section ‎2.3.1 and, subject to Section ‎19,
shall continue in force and effect until the tenth (10th) anniversary of the First DFCD (the “Term”).

 

		4.2	Date of First Commercial Delivery

 

The
Day notified by Seller to Buyer in respect of either Plant 1 or Plant 2, as applicable, shall be the “Date of First Commercial
Delivery” for such Plant, which Day will be determined in accordance with Sections ‎4.3 and ‎4.4.

 

		4.3	Notification of Date of First Commercial Delivery

 

		4.3.1	For Plant 1, the period that begins on the first Day of the Month that follows the date that is forty-eight
(48) Months after the CP Fulfillment Date and ends three hundred sixty-five (365) Days later; and for Plant 2, the period that begins
on the first Day of the Month that follows the date that is fifty-seven (57) Months after the CP Fulfillment Date and ends three hundred
sixty-five (365) Days later; shall be the “First Window Period” for such Plant.

 

		4.3.2	Seller shall notify Buyer at least seven hundred thirty (730) Days prior to the commencement of each First
Window Period of a two hundred seventy (270) Day period falling within the First Window Period (“Second Window Period”)
during which the Date of First Commercial Delivery of the relevant Plant is expected to occur, or, in the absence of notification by Seller
in accordance with this Section ‎4.3.2, the relevant Second Window Period shall be deemed to be the last two hundred
seventy (270) Days of the associated First Window Period.

 

		4.3.3	Seller shall notify Buyer at least two hundred seventy (270) Days prior to the commencement of each Second
Window Period of a one hundred eighty (180) Day period falling within the Second Window Period (“Third Window Period”)
during which the Date of First Commercial Delivery of the relevant Plant is expected to occur, or, in the absence of notification by Seller
in accordance with this Section ‎4.3.3, the relevant Third Window Period shall be deemed to be the last one hundred
eighty (180) Days of the associated Second Window Period.

 

		4.3.4	Seller shall notify Buyer at least one hundred twenty (120) Days prior to the commencement of each Third
Window Period of a ninety (90) Day period falling within the Third Window Period (“Fourth Window Period”) during which
the Date of First Commercial Delivery of the relevant Plant is expected to occur, or, in the absence of notification by Seller in accordance
with this Section ‎4.3.4, the relevant Fourth Window Period shall be deemed to be the last ninety (90) Days of
the associated Third Window Period.

 

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		4.3.5	Seller shall notify Buyer at least ninety (90) Days prior to the commencement of each Fourth Window Period
of a sixty (60) Day period falling within the Fourth Window Period (“Fifth Window Period”) during which the Date of
First Commercial Delivery of the relevant Plant is expected to occur, or, in the absence of notification by Seller in accordance with
this Section ‎4.3.5, the relevant Fifth Window Period shall be deemed to be the last sixty (60) Days of the associated
Fourth Window Period.

 

		4.3.6	Seller shall notify Buyer at least sixty (60) Days prior to the commencement of each Fifth Window Period
of a thirty (30) Day period falling within the Fifth Window Period (“Final Window Period”) during which the Date of
First Commercial Delivery of the relevant Plant is expected to occur, or, in the absence of notification by Seller in accordance with
this Section ‎4.3.6, the relevant Final Window Period shall be deemed to be the last thirty (30) Days of the associated
Fifth Window Period. Seller shall concurrently provide a non-binding good faith estimate of the ten (10) Day period falling within
the Final Window Period during which the Date of First Commercial Delivery of the relevant Plant is expected to occur.

 

		4.3.7	Subject to Section ‎4.4.1, Seller shall notify Buyer at least forty-five (45) Days
prior to the commencement of each Final Window Period of the Day within such Final Window Period which is expected to be the Date of First
Commercial Delivery of the relevant Plant, or, in the absence of notification by Seller in accordance with this Section ‎4.3.7,
the Date of First Commercial Delivery of such Plant shall be deemed to be the last Day of the associated Final Window Period.

 

		4.3.8	Subject to Section ‎4.4.1, the Date of First Commercial Delivery of a Plant shall
be the date so notified pursuant to this Section ‎4.3, regardless of whether any LNG is scheduled for delivery
to Buyer or whether any LNG is in fact so delivered from such Plant. Seller shall provide non-binding good faith estimates of each Date
of First Commercial Delivery from time to time as credible and relevant information is available (but not less frequently than one (1) update
every six (6) Months).

 

		4.3.9	Each window period identified in this Section ‎4.3 may be extended, and the Date
of First Commercial Delivery of each Plant may be deferred, on a Day-for-Day basis, for any event of force majeure (provided that
such event would otherwise constitute an event of Force Majeure under this Agreement) affecting Seller, its Affiliates, the Driftwood
LNG Terminal or the Driftwood Pipeline or any event under the EPC Contract for which the EPC contractor is entitled to a change order
to extend the guaranteed date of Substantial Completion (except where such change order results from the acts or omissions of Seller or
its Affiliates), in each case, that delays construction or commissioning of Plant 1, Plant 2 or the Driftwood Pipeline or otherwise delays
Plant 1, Plant 2 or the Driftwood Pipeline becoming Commercially Operable; provided that, in respect of each Plant, the combined
aggregate number of days of extension for the First Window Period, Second Window Period, Third Window Period, Fourth Window Period, Fifth
Window Period, Final Window Period, and Date of First Commercial Delivery shall not exceed three hundred sixty-five (365) Days.

 

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		4.4	Delayed Date of First Commercial Delivery

 

		4.4.1	Notwithstanding anything in Section ‎4.3 to the contrary, if Plant 1 or Plant 2,
as applicable, or the Driftwood Pipeline, has not become Commercially Operable, by the last Day of the Final Window Period for the relevant
Plant as specified in Section ‎4.3.6 (as such window period may have been extended pursuant to Section ‎4.3.9),
the Date of First Commercial Delivery of such Plant shall be the Day notified by Seller to Buyer, which Day shall not occur prior to the
Day that such Plant and the Driftwood Pipeline are Commercially Operable; provided, however, that Seller shall endeavor in good
faith to designate the Date of First Commercial Delivery of such Plant to be the Day that such Plant and the Driftwood Pipeline are Commercially
Operable.

 

		4.4.2	If the First DFCD does not occur by the date that is one hundred eighty (180) Days after the last Day
of the Final Window Period for Plant 1 (as such window period may have been extended pursuant to Section ‎4.3.9),
Buyer may elect to terminate this Agreement without liability for either Party pursuant to Section ‎19.2.10 by
delivering notice of such election to Seller no later than two hundred and seventy (270) Days after the last Day of the Final Window Period
for Plant 1 (as such window period may have been extended pursuant to Section ‎4.3.9), and Seller may elect to
terminate this Agreement without liability for either Party pursuant to Section ‎19.2.10 by delivering notice of
such election to Buyer no earlier than five hundred and forty (540) Days after the last Day of the Final Window Period for Plant 1 (as
such window period may have been extended pursuant to Section ‎4.3.9); provided, however, Seller may only
terminate this Agreement if it terminates all other LNG sale and purchase agreements with Foundation Customers that have a start of term
associated with Plant 1 or Plant 2.

 

		4.4.3	If the Second DFCD does not occur by the date that is one hundred and eighty (180) Days after the last
Day of the Final Window Period for Plant 2 (as such window period may have been extended pursuant to Section ‎4.3.9),
Buyer may elect to cancel Buyer’s contract quantity of LNG in connection with Plant 2, such that Buyer’s ACQ, notwithstanding
anything to the contrary in Section ‎5.1.1 or ‎5.1.3, shall be seventy-eight million two
hundred and fifty-five thousand (78,255,000) MMBtu. Such cancellation shall occur by delivering notice of such election to Seller no later
than two hundred and seventy (270) Days after the last Day of the Final Window Period for Plant 2 (as such window period may have been
extended pursuant to Section ‎4.3.9).

 

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		4.4.4	If the Second DFCD does not occur by the date that is five hundred forty (540) Days after the last Day
of the Final Window Period for Plant 2 (as such window period may have been extended pursuant to Section ‎4.3.9),
and if Buyer has not cancelled Buyer’s contract quantity of LNG in connection with Plant 2 pursuant to Section ‎4.4.3,
Seller may, by notice to Buyer, elect to cancel Buyer’s contract quantity of LNG in connection with Plant 2, such that Buyer’s
ACQ, notwithstanding anything to the contrary in Section ‎5.1.1 or ‎5.1.3, shall be seventy-eight
million two hundred and fifty-five thousand (78,255,000) MMBtu.

 

		4.5	Contract Year
	 	 	 
	 	 	References to a “Contract Year”
mean a period of time from and including January 1 through and including December 31 of the same calendar year, provided
that:

 

		(a)	the first Contract Year is the period of time beginning on the First DFCD and ending on December 31
of the same calendar year (the “First Contract Year”); and

 

		(b)	the final Contract Year is the period of time beginning on the January 1 immediately preceding the
final Day of the Term and ending on the final Day of the Term (the “Final Contract Year”).

 

		5.	Quantities

 

		5.1	ACQ

 

		5.1.1	ACQ. Subject to Sections ‎4.4.3, ‎4.4.4, ‎5.1.2
and ‎5.1.3, Buyer’s annual contract quantity of LNG under this Agreement (the “ACQ”)
for each Contract Year shall be one hundred fifty-six million five hundred and ten thousand (156,510,000) MMBtu.

 

		5.1.2	First and Final Contract Years. The ACQ for the First Contract Year and Final Contract Year shall
be pro-rated based on the number of days in each such Contract Year.

 

		5.1.3	Start-Up. Subject to Sections ‎4.4.3 and ‎4.4.4:

 

		(a)	subject to Section ‎5.1.2, the ACQ for each Contract Year before the Contract
Year in which the Second DFCD occurs shall be seventy-eight million two hundred and fifty-five thousand (78,255,000) MMBtu; and

 

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		(b)	the ACQ for the Contract Year in which the Second DFCD occurs shall equal the sum of the following:

 

		(i)	for the period of time in such Contract Year prior to the Second DFCD, seventy-eight million two hundred
and fifty-five thousand (78,255,000) MMBtu, pro-rated for the number of days in such Contract Year before the Second DFCD; and

 

		(ii)	for the period of time in such Contract Year on and after the Second DFCD, one hundred fifty-six million
five hundred and ten thousand (156,510,000) MMBtu, pro-rated for the number of days in such Contract Year on and after the Second DFCD.

 

		5.1.4	Measurement Units. The ACQ shall be expressed in MMBtus. All references in this Agreement to LNG
cargoes or other units are solely for operational convenience.

 

		5.2	Adjusted Annual Contract Quantity
	 	 	 
	 	 	The “Adjusted Annual Contract
Quantity” or “AACQ”, expressed in MMBtu, for each Contract Year shall be equal to the ACQ for the relevant
Contract Year, plus any of the following:

 

		5.2.1	any Round-Up Quantity for such Contract Year, determined in accordance with Section ‎5.4.2;
and

 

		5.2.2	any Round-Down Quantity for the previous Contract Year, determined in accordance with Section ‎5.4.3,
and carried forward to the current Contract Year;
	 	 	 
	 	 	less
any of the following:

 

		5.2.3	any Major Scheduled Maintenance Quantities for such Contract Year, if any, determined in accordance with
Section ‎5.5;

 

		5.2.4	any Round-Up Quantity taken in the previous Contract Year, determined in accordance with Section ‎5.4.2,
and carried forward as a deduction to the current Contract Year; and

 

		5.2.5	any Round-Down Quantity for the current Contract Year, determined in accordance with Section ‎5.4.3.

 

		5.3	Even and Ratable Deliveries
	 	 	 
	 	 	Subject to adjustment for the Contract
Year in which the Second DFCD occurs, with respect to each Contract Year, the AACQ for the relevant Contract Year shall be scheduled for
delivery in the relevant ADP on a reasonably even and ratable basis throughout the relevant Contract Year, taking into consideration planned
maintenance at the Driftwood LNG Terminal.

 

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		5.4	Round-Up/Round-Down Quantities

 

		5.4.1	If, during the development of the ADP for a Contract Year, it appears that the delivery during such Contract
Year of the AACQ (calculated without regard to Section ‎5.2.1 or ‎5.2.5) (the “Preliminary
AACQ”) would require Seller to make available and Buyer to take a quantity of LNG that is less than a Full Cargo Lot (such quantity,
the “Stub Quantity”), then Seller may request pursuant to Section ‎8.1.4(b), or Buyer may request
pursuant to Section ‎8.2.1, as applicable, that the AACQ be increased by a quantity of LNG sufficient to deliver
the AACQ in Full Cargo Lots. The other Party shall use reasonable efforts to accommodate the request.

 

		5.4.2	If the other Party, through the use of reasonable efforts, is able to schedule the delivery or receipt,
as applicable, of the additional LNG, then the difference between the AACQ and the Preliminary AACQ shall be the “Round-Up Quantity”
for such Contract Year; provided, however, that the Round-Up Quantity shall be less than a Full Cargo Lot. In granting requests
for round-up quantities, Seller shall act in a non-discriminatory manner among Foundation Customers and shall give priority to the requests
of Foundation Customers over the requests of other Driftwood Buyers or any other buyers or offtakers from the Driftwood LNG Terminal.

 

		5.4.3	If the other Party, despite its exercise of reasonable efforts, is not able to schedule the delivery or
receipt, as applicable, of the additional LNG, or if neither Party requests a Round-Up Quantity pursuant to Section ‎8.1.4(b) or
‎8.2.1, as applicable, then the Stub Quantity shall be the “Round-Down Quantity” for such
Contract Year; provided, however, that the Round-Down Quantity shall be less than a Full Cargo Lot.

 

		5.5	Major Scheduled Maintenance
	 	 	 
	 	 	Seller
shall be entitled, pursuant to Section ‎5.2.3, to reduce the AACQ in order to perform major scheduled maintenance
to the Driftwood LNG Terminal (the “Major Scheduled Maintenance Quantity”) subject to the following conditions:

 

		5.5.1	Seller may only exercise its right to such reduction in a Contract Year to the extent Seller determines,
as a Reasonable and Prudent Operator, that major scheduled maintenance is required for operational reasons;

 

		5.5.2	Seller shall notify Buyer of its exercise of, and the amount of, Major Scheduled Maintenance Quantity
and the time period during which such maintenance is scheduled to occur pursuant to Section ‎8.1.1(b);

 

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		5.5.3	the Major Scheduled Maintenance Quantity reduction elected by Seller during any Contract Year may not
exceed seven decimal five percent (7.5%) of the ACQ for such Contract Year; and

 

		5.5.4	the cumulative amount of all Major Scheduled Maintenance Quantity reductions elected by Seller pursuant
to this Section ‎5.5 shall not exceed twenty-five percent (25%) of the ACQ during any six (6) consecutive
Contract Years.

 

		5.6	Seller’s Delivery Obligation

 

		5.6.1	During any Contract Year, Seller shall make available to Buyer the Scheduled Cargo Quantity with respect
to each LNG cargo scheduled in the ADP for such Contract Year, less;

 

		(a)	any quantities of LNG not taken by Buyer for any reasons attributable to Buyer (other than quantities
for which Buyer is excused pursuant to this Agreement from taking due to Seller’s breach of this Agreement), including quantities
not taken by Buyer due to Force Majeure affecting Buyer;

 

		(b)	any quantities of LNG not made available by Seller due to Force Majeure affecting Seller or Upstream FM
(other than quantities of LNG that Buyer elects to take on an HH basis pursuant to Section ‎14.3.4); and

 

		(c)	any LNG cargo suspended pursuant to Section ‎19.1.1.

 

		5.6.2	Except as otherwise excused in accordance with the provisions of this Agreement, if, during any Contract
Year, for any reason other than those specified in Section ‎5.6.1, Seller does not make available the Scheduled
Cargo Quantity with respect to any LNG cargo identified in Section ‎5.6.1 then the amount by which the Scheduled
Cargo Quantity for such LNG cargo exceeds the quantity of LNG made available by Seller in relation to such LNG cargo shall be the “Cargo
DoP Quantity”. Seller shall pay to Buyer for the Cargo DoP Quantity an amount equal to:

 

		(a)	in respect of any Cargo DoP Quantity or portion thereof for which a replacement quantity can be purchased:

 

		(i)	an amount equal to the actual, documented amount paid by Buyer for the purchase of a replacement quantity
of LNG or Gas (not to exceed the MMBtu equivalent of the Cargo DoP Quantity); less

 

		(ii)	an amount equal to the CSP, multiplied by the Cargo DoP Quantity; plus

 

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		(iii)	any actual, reasonable and verifiable incremental costs incurred by Buyer as a result of such failure;
less

 

		(iv)	any actual, reasonable and verifiable savings obtained by Buyer as a result of such failure; plus

 

		(b)	in respect of any Cargo DoP Quantity or portion thereof for which a replacement quantity cannot be purchased,
any actual, reasonable and verifiable costs incurred by Buyer by adjusting, reducing, or terminating its resale arrangements in respect
of such LNG, including any capacity reservation and transportation costs;
	 	 	 
	 	(the “Cargo DoP Payment”); provided, however, that the Cargo DoP Payment shall not exceed an amount equal to [***] percent ([***]%) of the CSP, multiplied by the Cargo DoP Quantity.

 

 

		5.6.3	Notwithstanding the foregoing, if the Cargo DoP Quantity is within the operational tolerance of two percent
(2%) of the Scheduled Cargo Quantity (“Operational Tolerance”) (such Operational Tolerance to be exercised by Seller
only with respect to operational matters regarding the Driftwood LNG Terminal, and without regard to commercial considerations), the Cargo
DoP Payment shall be USD [***] (US$[***]).

 

		5.6.4	Buyer shall use reasonable efforts to mitigate Seller’s Losses in accordance with this Section ‎5.6.

 

		5.6.5	Any payment that Seller makes under this Section ‎5.6 shall not be treated as an
indirect, incidental, consequential or exemplary loss for purposes of Section ‎15.2.1(a) or a loss of income
or profits for purposes of Section ‎15.2.1(b).

 

		5.6.6	If as a result of Seller’s failure to make available the Scheduled Cargo Quantity, a partial LNG
cargo is made available to Buyer, and the master of the relevant LNG Tanker reasonably deems the loading of such quantity unsafe for loading
and/or transporting to the relevant Discharge Terminal, then Buyer may reject such quantity and such quantity shall be added to the Cargo
DoP Quantity.

 

		5.6.7	In the event the ability of the Driftwood LNG Terminal to make available LNG is impaired due to an unscheduled
services interruption that does not constitute Force Majeure, Seller shall comply with the Foundation Customer Priority in allocating
the LNG that is made available at the Driftwood LNG Terminal. For the avoidance of doubt, Seller’s allocation of LNG made available
at the Driftwood LNG Terminal in accordance with this Section ‎5.6.7 shall not excuse Seller from liability for
any Cargo DoP Quantity.

 

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		5.7	Buyer’s Purchase Obligation

 

		5.7.1	During any Contract Year, Buyer shall take and pay for the Scheduled Cargo Quantity with respect to each
LNG cargo scheduled in the ADP for such Contract Year, less:

 

		(a)	any quantities of LNG not made available by Seller for any reasons attributable to Seller (other than
quantities for which Seller is excused pursuant to this Agreement from making available due to Buyer’s breach of this Agreement),
including quantities not made available by Seller due to Force Majeure affecting Seller or Upstream FM (other than quantities of LNG that
Buyer elects to take on an HH basis pursuant to Section ‎14.3.4);

 

		(b)	any quantities of LNG not taken by Buyer due to Force Majeure affecting Buyer;

 

		(c)	any quantities of LNG that the relevant LNG Tanker is not capable of loading due to Seller’s delivery
of LNG that has a Gross Heating Value that is less than the value identified by Seller pursuant to Section ‎8.1.1(a);
and

 

		(d)	any quantities of Off-Spec LNG that Buyer is relieved from taking pursuant to Section ‎12.3.

 

		5.7.2	If, with respect to any LNG cargo identified in Section ‎5.7.1, Buyer does not
take all or part of the Scheduled Cargo Quantity of such LNG cargo, and such failure to take is not otherwise excused pursuant to Section ‎5.7.1,
then the amount by which the Scheduled Cargo Quantity for such LNG cargo exceeds the quantity of LNG taken by Buyer in relation to such
LNG cargo shall be the “Cargo Shortfall Quantity”.

 

		5.7.3	Buyer shall pay Seller an amount equal to the Cargo Shortfall Quantity, multiplied by the CSP (the
 “Cargo Shortfall Payment”).

 

		5.7.4	Notwithstanding the foregoing, if the Cargo Shortfall Quantity is within the Operational Tolerance (such
Operational Tolerance to be exercised by Buyer only with respect to operational matters regarding the LNG Tanker, and without regard to
commercial considerations), the Cargo Shortfall Payment shall be USD [***] (US$[***]).

 

		5.7.5	Seller shall use reasonable efforts to sell or cause to be sold the Cargo Shortfall Quantity (whether
as LNG or Gas) to a Third Party or multiple Third Parties through one (1) or more sales (each such sale, a “Mitigation Sale”)
generating a Mitigation Sale Payment. Seller shall not be obliged to effect or cause to be effected any Mitigation Sale under its third-party
sales obligations if such sales obligations were effective at the time of 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.

 

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		5.7.6	If Seller sells or causes to be sold the Cargo Shortfall Quantity or any portion thereof in a Mitigation
Sale, Seller shall, within ten (10) Days of Seller’s receipt of the final payment from a Mitigation Sale, refund to Buyer an
amount (the “Mitigation Sale Payment”) equal to the lesser of (x) the Cargo Shortfall Payment in respect of the
Cargo Shortfall Quantity (less any Mitigation Sale Payments already received pursuant to other Mitigation Sales in respect of the
same Cargo Shortfall Quantity) and (y) an amount calculated as follows:

 

		(a)	the proceeds of the Mitigation Sale; plus

 

		(b)	any actual, reasonable and verifiable savings obtained by Seller as a result of the Mitigation Sale as
opposed to the sale of LNG to Buyer, including savings associated with reduced or avoided costs and fuel gas for LNG production and other
reduced or avoided costs; less

 

		(c)	any actual, reasonable and verifiable incremental costs incurred by Seller as a result of the Mitigation
Sale.

 

		5.7.7	Seller shall use reasonable efforts to mitigate Buyer’s Losses in accordance with this Section ‎5.7.

 

		5.7.8	Any payment that Buyer makes under this Section ‎5.7 shall not be treated as an
indirect, incidental, consequential or exemplary loss for purposes of Section ‎15.2.1(a) or a loss of income
or profits for purposes of Section ‎15.2.1(b).

 

		6.	Delivery Point, Title and Risk, Destination

 

		6.1	Delivery Point
	 	 	 
	 	 	Seller
shall deliver LNG to Buyer, subject to the terms and conditions of this Agreement, at the point at which the flange coupling of the LNG
loading line at the Driftwood LNG Terminal (or at any alternate LNG liquefaction terminal agreed to pursuant to Section ‎3.1.2)
joins the flange coupling of the LNG intake manifold of the relevant LNG Tanker (“Delivery Point”) and Seller shall
be the exporter of record, provided, however, that Buyer shall provide the documentation requested by Seller which is necessary
to comply with the customs and excise procedures at the Loading Port. If the documents requested by Seller are not customarily issued
in relation to the sale and purchase and transportation of LNG or the LNG Tanker, Buyer shall exercise reasonable efforts to obtain such
documents.

 

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		6.2	Title and Risk

 

Title to, and all risks in respect of,
the LNG sold by Seller pursuant to this Agreement shall pass from Seller to Buyer as the LNG passes the Delivery Point.

 

		6.3	Destination

 

Subject
to Section ‎25.1, Buyer shall be free to (i) sell such LNG free on board at the Driftwood LNG Terminal
or at any other point during a voyage, or at or after the unloading of any LNG purchased hereunder and (ii) transport the LNG to,
and market the LNG at, any destination of its choosing, in accordance with the provisions of this Agreement.

 

		7.	Transportation and Loading

 

		7.1	Transportation by Buyer

 

Buyer shall, in accordance with this Agreement,
Applicable Laws, Approvals and International Standards, provide, or cause to be provided, transportation from the Delivery Point of all
quantities of LNG delivered hereunder to Buyer. Such transportation shall begin immediately after delivery of such LNG.

 

		7.2	Driftwood LNG Terminal

 

		7.2.1	During the period from the CP Fulfillment Date until the Second DFCD (or until such time, if any, that
a Party elects to cancel Buyer’s contract quantity of LNG in connection with Plant 2 pursuant to Section ‎4.4.3
or ‎4.4.4), Seller shall use commercially reasonable efforts to proceed diligently to construct, test, commission,
start-up, maintain and operate the Driftwood LNG Terminal in accordance with the standards and specifications set forth in Section ‎7.2.3
or cause the same to occur.

 

		7.2.2	During the period from the First DFCD and continuing throughout the Term, Seller shall own, or have access
to and use of, and maintain and operate or cause to be maintained and operated, the Driftwood LNG Terminal in accordance with the following:
(a) the terms and conditions set forth in this Agreement; (b) Applicable Laws; (c) International Standards; and (d) to
the extent not inconsistent with International Standards, such good and prudent practices as are generally followed in the LNG industry
by Reasonable and Prudent Operators of similar LNG liquefaction terminals.

 

		7.2.3	The Driftwood LNG Terminal shall include the following:

 

		(a)	systems for communications with LNG Tankers;

 

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		(b)	at least one (1) berth, capable of berthing and mooring an LNG Tanker having a laden displacement
of no more than one hundred forty-eight thousand seven hundred (148,700) metric tonnes, an overall length of no more than three hundred
fifteen (315) meters (approximately one thousand thirty-four (1,034) feet), a beam of no more than fifty (50) meters (approximately one
hundred sixty-four (164) feet), and a draft of no more than twelve (12) meters (approximately forty (40) feet), which LNG Tankers can
safely reach, and safely depart, fully laden, and at which LNG Tankers can lie safely berthed and load at all states of the tide safely
afloat;

 

		(c)	lighting sufficient to permit loading operations by day or by night, to the extent permitted by Governmental
Authorities (it being acknowledged, however, that Seller shall in no event be obligated to allow nighttime berthing operations at the
Driftwood LNG Terminal if Seller determines that such operations during nighttime hours could pose safety or operational risks to the
Driftwood LNG Terminal, an LNG Tanker, or a Third Party);

 

		(d)	facilities capable of loading LNG at an approximate rate of up to twelve thousand (12,000) cubic meters
per hour at the Delivery Point, with three (3) LNG loading arms each having a reasonable operating envelope to allow for ship movement
in accordance with International Standards;

 

		(e)	a vapor return line system of sufficient capacity to allow for transfer of Gas necessary for safe LNG
loading operations to take place at the allocated rates described in Section ‎7.2.3(d);

 

		(f)	a suitable gangway allowing access to each LNG Tanker from the Driftwood LNG Terminal;

 

		(g)	emergency shut down system capable of interconnecting with an LNG Tanker at berth;

 

		(h)	LNG storage facilities;

 

		(i)	LNG liquefaction facilities;

 

		(j)	qualified and competent personnel, fluent in English to coordinate with the LNG Tanker during loading
operations; and

 

		(k)	facilities for the sampling and analysis of LNG.

 

		7.2.4	Services and facilities not provided by Seller include the following: (a) facilities and loading
lines for liquid or gaseous nitrogen to service an LNG Tanker; (b) facilities for providing bunkers; (c) facilities for the
handling and delivery to the LNG Tanker of ship’s stores, provisions and spare parts; and (d) nitrogen rejection.

 

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		7.3	Compatibility of the Driftwood LNG Terminal with LNG Tankers

 

		7.3.1	Buyer shall ensure, at no cost to Seller, that each of the LNG Tankers is fully compatible with the general
specifications set forth in Section ‎7.2.3 and any modifications made to the Driftwood LNG Terminal that are Required
Modifications. Should an LNG Tanker fail materially either to be compatible with the Driftwood LNG Terminal, or to be in compliance with
the provisions of Sections ‎7.5 and ‎7.6, Buyer shall not employ such LNG Tanker until it has
been modified to be so compatible or to so comply.

 

		7.3.2	The Parties agree that, after the Effective Date, Seller shall be entitled to modify the Driftwood LNG
Terminal in any manner whatsoever (or cause or permit the same to occur), provided that: (w) such modifications do not render
the Driftwood LNG Terminal noncompliant with International Standards; (x) such modifications do not render the Driftwood LNG Terminal
incompatible with an LNG Tanker that is compatible with the general specifications set forth in Section ‎7.2.3;
(y) such modifications, once finalized, do not reduce the ability of Seller to make available LNG in accordance with the terms of
this Agreement; and (z) such modifications do not otherwise conflict with Seller’s obligations hereunder. Notwithstanding the
foregoing, Seller may modify the Driftwood LNG Terminal (or cause or permit the same to occur) in a manner that would render it incompatible
with an LNG Tanker if such modification is required by and is made pursuant to a change in Applicable Laws, a change in required Approvals,
or a change in International Standards (each such modification, a “Required Modification”).

 

		7.3.3	In the event the LNG Tanker fails to be compatible with the Driftwood LNG Terminal due to a modification
to the Driftwood LNG Terminal that is not a Required Modification, the actual and documented costs and expenses incurred by Buyer or its
Affiliate solely as a result of such modification, including as a result of delays in the berthing of the LNG Tanker at the Driftwood
LNG Terminal, repositioning of the LNG Tanker, and of the modifications of the LNG Tanker directly caused by such modification shall be
reimbursed by Seller to Buyer.

 

		7.4	Buyer Inspection Rights in Respect of the Driftwood LNG Terminal

 

		7.4.1	Upon giving at least fourteen (14) Days’ notice in advance of the requested date of inspection and
obtaining Seller’s prior written consent, which consent shall not be unreasonably withheld or delayed, a reasonable number of Buyer’s
designated representatives may from time to time (including during the period of construction of the Driftwood LNG Terminal), but not
more often than once every calendar quarter, inspect the operation of the Driftwood LNG Terminal. Such inspection shall occur between
8:00 a.m. Central Time and 5:00 p.m. Central Time on a Business Day scheduled by Seller. Seller shall use commercially reasonable
efforts to schedule the inspection on the date requested by Buyer. Any such inspection shall be at Buyer’s sole risk and expense.
In conjunction with any such inspection, Seller shall provide Buyer access at reasonable times and places (taking into consideration cost
and schedule impacts) to (a) relevant qualified employees and contractors of Seller or Driftwood in order to discuss the progress
of the construction of the Driftwood LNG Terminal and the operation and maintenance of the Driftwood LNG Terminal (as applicable) and
(b) relevant documentation, if any, available to Seller in support of such discussions. Buyer (and its designees) shall carry out
any such inspection without any interference with or hindrance to the safe and efficient operation of the Driftwood LNG Terminal. Buyer’s
right to inspect and examine the Driftwood LNG Terminal shall be limited to verifying Seller’s compliance with Seller’s obligations
under this Agreement. No inspection (or lack thereof) of the Driftwood LNG Terminal by Buyer hereunder, or any requests or observations
made to Seller, Driftwood or their respective representatives by or on behalf of Buyer in connection with any such inspection, shall (i) modify
or amend Seller’s obligations, representations, warranties and covenants hereunder or (ii) constitute an acceptance or waiver
by Buyer of Seller’s obligations hereunder.

 

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		7.4.2	Buyer shall indemnify and hold Seller and its Affiliates harmless from any Claims and Losses resulting
from Buyer’s inspection of the Driftwood LNG Terminal pursuant to Section ‎7.4.1.

 

		7.5	LNG Tankers

 

		7.5.1	Buyer shall cause each LNG Tanker to comply with the requirements of this Section ‎7.5
and the requirements of Section ‎7.6 in all respects.

 

		7.5.2	Each LNG Tanker shall comply with all Applicable Laws and International LNG Vessel Standards, including
those that relate to seaworthiness, design, safety, environmental protection and navigation, and shall obtain all Approvals required by
Governmental Authorities, in each case to enable such LNG Tanker to enter, leave and carry out all required operations at the Driftwood
LNG Terminal. Each LNG Tanker shall at all times have on board valid documentation evidencing all such Approvals. Each LNG Tanker shall
at all times be in possession of valid documents of compliance and safety management certificates, and shall have an effective management
system in operation and an emergency response plan that addresses all identified risks and provides proper controls for dealing with these
risks.

 

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		7.5.3	Buyer shall be required to obtain towing, escort, line handling, and pilot services, in accordance with
this Section ‎7.5.3. Seller shall cause an Affiliate to procure tug services at the Driftwood LNG Terminal from
a competent and experienced tug services provider. Seller shall cause all tug services contracts to include a provision that services
are to be provided in compliance with all Applicable Laws. As soon as reasonably practicable after the Affiliate has so contracted for
tug services, Seller shall notify Buyer thereof. Prior to the arrival of any LNG Tanker at the Loading Port, Buyer shall cause Transporter
or the master of each LNG Tanker (acting on behalf of the ship-owner and charterer) making use of the port or marine facilities at the
Loading Port on behalf of Buyer, to enter into a tug services agreement with the designated Affiliate for Buyer’s procurement of
tug services at the Driftwood LNG Terminal, which tug services shall include towing and escort services. Such agreement shall provide
that the fees for tug services shall be paid by the Transporter to the designated Affiliate. Seller shall cause the fee for tug services
to be applied on a non-discriminatory basis among all LNG buyers at the Driftwood LNG Terminal. Fees and other significant terms of the
tug services agreement shall be in line with those at similar liquefaction facilities located on the Gulf Coast of the United States of
America. In the event the Transporter or the master of an LNG Tanker fails to execute a tug services agreement that complies with the
requirements of this Section ‎7.5.3, Seller may refuse to make LNG available and in such event, Buyer shall be
deemed to have failed to take the applicable Scheduled Cargo Quantity, and Sections ‎5.7.2 to ‎5.7.7
shall apply. Seller shall cause line handling services to be provided at the Driftwood LNG Terminal for Buyer’s procurement. Pilot
services shall be obtained by Buyer in accordance with the requirements of Governmental Authorities. Seller and its designated Affiliate
procuring the tug services shall have no liability to Buyer under this Agreement for the performance of the tug services or any other
marine services by the designated tug services provider or any other marine services providers.

 

		7.5.4	Buyer shall pay or cause to be paid: (a) all Port Charges due and payable directly to the appropriate
Person except for any Port Charges paid by Seller, Seller’s Affiliates or the operator of the Driftwood LNG Terminal on Buyer’s
behalf as required by Applicable Law or the policies of the Loading Port; and (b) all documented charges payable by reason of any
LNG Tanker having to shift from berth at the Driftwood LNG Terminal as a result of the action or inaction of Buyer, its Transporter or
the LNG Tanker owner or operator. Seller shall reimburse Buyer for actual documented Port Charges paid by Buyer pursuant to Section ‎‎7.5.4(a) that
are ordinary and customary at such time in respect of an LNG Tanker entering or leaving the relevant Loading Port or loading LNG when
calling at such Loading Port, in each case, under typical conditions; provided, however, that Seller shall not be obligated to
reimburse Buyer for any Port Charges imposed on Buyer in excess of what is ordinary and customary at such time at the Loading Port under
typical conditions, including any Port Charges imposed on Buyer resulting from or in connection with: (i) any actions or omissions
of Buyer, its Transporter or the LNG Tanker owner or operator that result in an LNG Tanker being delayed in entering or leaving the Loading
Port or loading LNG (except to the extent directly attributable to Seller); (ii) a collision between the LNG Tanker and any other
vessel, marine or shore-based facility, or other object or environmental hazard (except to the extent directly attributable to Seller);
or (iii) violation by Buyer, its Transporter or the LNG Tanker owner or operator of any Applicable Law, this Agreement or the Driftwood
Marine Operations Manual. Buyer shall invoice Seller pursuant to Section ‎‎10.1.4 for such amounts no later
than sixty (60) Days after the end of the Delivery Window for the applicable LNG cargo.

 

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		7.5.5	Each LNG Tanker must satisfy the following requirements:

 

		(a)	Except as otherwise mutually agreed in writing by the Parties, each LNG Tanker shall be compatible with
the specifications of the Driftwood LNG Terminal identified in Section ‎7.2.3 and any modifications to the
Driftwood LNG Terminal pursuant to Section ‎7.3.2, and shall be of a sufficient size to load the applicable
Scheduled Cargo Quantity. If Buyer’s LNG Tanker is not capable of loading the applicable Scheduled Cargo Quantity, Buyer shall be
deemed to have failed to take the shortfall quantity and the provisions of Sections ‎5.7.2 to ‎5.7.7
shall apply, except that Buyer shall not be deemed to have failed to take a shortfall quantity and the provisions of Sections ‎5.7.2
to ‎5.7.7 shall not apply if the volume equivalent of the Scheduled Cargo Quantity at the nominated Gross
Heating Value has been loaded.

 

		(b)	Except as otherwise agreed in writing by Seller, which agreement shall not be unreasonably withheld or
delayed, each LNG Tanker shall have a gross volumetric capacity between one hundred twenty-five thousand (125,000) cubic meters and two
hundred sixteen thousand (216,000) cubic meters.

 

		(c)	Each LNG Tanker shall be, in accordance with International Standards, (i) fit in every way for the
safe loading, handling and carrying of LNG in bulk at atmospheric pressure; (ii) tight, staunch, strong and otherwise seaworthy;
and (iii) equipped with facilities for mooring and unmooring and with LNG cargo handling and storage systems (including instrumentation)
necessary for the safe loading, handling, carrying and measuring of LNG, in each case in good order and condition.

 

		(d)	Each LNG Tanker shall at all times be maintained in class with any classification society that is a member
of International Association of Classification Societies Ltd. (IACS) and that has experience in the classification of LNG vessels.

 

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		(e)	Each LNG Tanker shall have been constructed to all applicable International Standards (including the International
Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk).

 

		(f)	Each LNG Tanker shall comply with, and shall be fully equipped, supplied, operated, and maintained to
comply with, all applicable International Standards and Applicable Laws, including those that relate to seaworthiness, design, safety,
environmental protection, navigation, and other operational matters, and all procedures, permits, and approvals of Governmental Authorities
for LNG vessels that are required for the transportation and loading of LNG at the Loading Port. Unless approved by Seller in writing,
which approval shall not be unreasonably withheld or delayed, an LNG Tanker shall be prohibited from engaging in any maintenance, repair
or in-water surveys while berthed at the Driftwood LNG Terminal. Each LNG Tanker shall comply fully with the guidelines of any Governmental
Authority of the United States of America.

 

		(g)	The officers and crew of each LNG Tanker shall have the ability, experience, licenses and training commensurate
with the performance of their duties in accordance with internationally accepted standards with which it is customary for Reasonable and
Prudent Operators of LNG vessels to comply and as required by Governmental Authorities and any labor organization having jurisdiction
over the LNG Tanker or her crew. Without in any way limiting the foregoing, the master, chief engineer, sufficient cargo engineers and
all deck officers shall be fluent in written and oral English and shall maintain all records and provide all reports with respect to the
LNG Tanker in English.

 

		(h)	Each LNG Tanker shall have communication equipment complying with applicable regulations of Governmental
Authorities and permitting such LNG Tanker to be in constant communication with the Driftwood LNG Terminal, the Vessel Traffic Information
System (VTIS) and other vessels in the area.

 

		(i)	Provided that the Driftwood LNG Terminal supplies a vapor return line meeting the requirements
of Section ‎7.2.3(e), each LNG Tanker shall be capable of loading a full cargo of LNG in a maximum of nineteen
(19) hours, in addition to any time for the connecting, cooling, draining, purging and disconnecting of liquid arms.

 

		(j)	Each LNG Tanker shall procure and maintain Hull and Machinery Insurance and P&I Insurance in accordance
with Section ‎15.6.

 

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		7.6	LNG Tanker Inspections; LNG Tanker Vetting Procedures; Right to Reject LNG Tanker

 

		7.6.1	During the Term, on prior reasonable notice to Buyer, Seller may, at its sole risk, send its qualified
representatives to inspect during normal working hours any LNG Tanker as Seller may consider necessary to ascertain whether the LNG Tanker
complies with this Agreement. Seller shall bear all the costs and expenses in connection with any inspection conducted hereunder. Any
such inspection may include, as far as is practicable having regard to the LNG Tanker’s operational schedule, examination of the
records related to the LNG Tanker’s hull, cargo and ballast tanks, machinery, boilers, auxiliaries and equipment; examination of
the LNG Tanker’s deck, engine and official log books; review of records of surveys by the LNG Tanker’s classification society
and relevant Governmental Authorities; and review of the LNG Tanker’s operating procedures and performance of surveys, both in port
and at sea. Additionally, each LNG Tanker shall have been inspected and reported upon by a SIRE Accredited Inspector within six (6) Months
of the time of its initial use at the Driftwood LNG Terminal, and each LNG Tanker shall be reported upon by a SIRE Accredited Inspector
once every twelve (12) Months for the first ten (10) years of such LNG Tanker’s useful life and once every six (6) Months
thereafter, and each inspection report of such SIRE Accredited Inspector shall show, to the reasonable satisfaction of Seller, no material
deficiencies in the safety or operability of such LNG Tanker. Any inspection carried out pursuant to this Section ‎7.6.1:
(a) shall not interfere with, or hinder, any LNG Tanker’s safe and efficient construction or operation; and (b) shall
not entitle Seller or any of its representatives to make any request or recommendation directly to Transporter except through Buyer. No
inspection (or lack thereof) of an LNG Tanker hereunder shall: (i) modify or amend Buyer’s obligations, representations, warranties,
and covenants hereunder; or (ii) constitute an acceptance or waiver by Seller of Buyer’s obligations hereunder.

 

		7.6.2	Seller shall indemnify and hold Buyer and its Affiliates harmless from any Claims and Losses resulting
from Seller’s inspection of any LNG Tanker pursuant to Section ‎7.6.1.

 

		7.6.3	Buyer shall comply with all LNG Tanker vetting procedures, as set forth in the Driftwood Marine Operations
Manual.

 

		7.6.4	Seller shall have the right to reject any LNG vessel that Buyer intends to use to take delivery of LNG
hereunder at the Driftwood LNG Terminal if such LNG vessel does not comply materially with the provisions of this Section ‎7,
provided that:

 

		(a)	neither the exercise nor the non-exercise of such right shall reduce the responsibility of Buyer to Seller
in respect of such LNG vessel and her operation, nor increase Seller’s responsibilities to Buyer or Third Parties for the same;
and

 

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		(b)	Buyer’s obligations under this Agreement shall not be excused or suspended by reason of Buyer’s
inability (pursuant to the foregoing) to use a vessel as an LNG Tanker.

 

		7.7	Port Liability Agreement

 

		7.7.1	Buyer shall cause Transporter or the master of each LNG Tanker (acting on behalf of the ship-owner and
charterer) making use of the port or marine facilities at the Loading Port on behalf of Buyer, to execute a Port Liability Agreement prior
to the time at which Buyer or the master of the LNG Tanker gives the In-Transit Second Notice as required by Section ‎7.9.3(a).
In the event Transporter or the master of an LNG Tanker (acting on behalf of the ship-owner and charterer) fails to execute the Port Liability
Agreement, Buyer shall indemnify and hold harmless Seller and each owner and operator of the Driftwood LNG Terminal or portion thereof
from any Claims brought against, or Losses incurred by Seller or any owner and operator of Driftwood LNG Terminal or any portion thereof,
that result from such failure and for which Transporter would have been liable had Transporter or the master executed such Port Liability
Agreement.

 

		7.7.2	Subject to Section ‎7.7.1 and without prejudice to the terms of the Port Liability
Agreement, Seller releases Buyer, its Affiliates and their respective shareholders and members, officers, directors, employees, designees,
representatives, and agents from liability to Seller incident to all Claims and Losses that may exist, arise or be threatened currently
or in the future at any time following the Effective Date and whether or not of a type contemplated by either Party at any time, brought
by any Person for injury to, illness or death of any employee of Seller, or for damage to or loss of the Driftwood LNG Terminal, which
injury, illness, death, damage or loss arises out of, is incident to, or results from the performance or failure to perform this Agreement
by Buyer, or any of its Affiliates, shareholders and members, officers, directors, employees, designees, representatives and agents.

 

		7.7.3	Subject to Section ‎7.7.1 and without prejudice to the terms of Section ‎12
or the Port Liability Agreement, Buyer releases Seller and its Affiliates, Driftwood and its Affiliates, and their respective shareholders,
officers, members, directors, employees, designees, representatives, and agents from liability to Buyer incident to all Claims and Losses
that may exist, arise or be threatened currently or in the future at any time following the Effective Date and whether or not of a type
contemplated by either Party at any time, brought by any Person for injury to, illness or death of any employee of Buyer or its Affiliates,
or for damage to or loss of any LNG Tanker, which injury, illness, death, damage or loss arises out of, is incident to, or results from
the performance or failure to perform this Agreement by Seller or its Affiliates, Driftwood or its Affiliates, or their respective shareholders
officers, members, directors, employees, designees, representatives and agents.

 

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		7.7.4	The form of Port Liability Agreement may be amended from time to time without consent of Buyer only if
the revised terms of such Port Liability Agreement: (a) do not negatively impact Buyer’s ability to perform its obligations
or exercise its rights under this Agreement; (b) treat Transporter in a non-discriminatory manner in comparison to all other owners
and charterers of LNG vessels that use or transit the Loading Port; and (c) do not prevent any Transporter from obtaining full P&I
indemnity coverage from a P&I Club, and such P&I indemnity will cover all Claims and Losses pursuant to such Port Liability Agreement
in relation to use of the Loading Port by an LNG Tanker. Seller shall promptly notify Buyer upon any amendment to the Port Liability Agreement
and shall provide a copy of the amended Port Liability Agreement to Buyer, provided, that, except to the extent such amendment
is required by Applicable Laws, International LNG Terminal Standards, International LNG Vessel Standards, Third Parties, or
the generally accepted standards prevailing in the LNG and/or LNG transportation industries, if as a direct result of such amendment,
Transporter is liable to the LNG Tanker’s P&I Club for an additional premium for the LNG Tanker’s P&I indemnity coverage,
and if Buyer is liable to Transporter for such additional premium, then Seller shall reimburse Buyer for such additional premium, but
only to the extent such additional premium relates to such LNG Tanker calling at the Loading Port.

 

		7.8	Driftwood Marine Operations Manual

 

Seller shall deliver to Buyer prior to
the date that is one hundred eighty (180) Days prior to the start of the First Window Period for Plant 1, a copy of the marine operations
manual developed for the Driftwood LNG Terminal (as amended from time to time, the “Driftwood Marine Operations Manual”)
which governs activities at the Driftwood LNG Terminal, which such Driftwood Marine Operations Manual and all rights and obligations thereunder
shall be consistent with Applicable Laws and International Standards, and which applies to each LNG Tanker and each other LNG vessel berthing
at the Driftwood LNG Terminal. In the event of a conflict between this Agreement and the Driftwood Marine Operations Manual, the provisions
of this Agreement shall control. Seller shall promptly notify Buyer upon any amendment to the Driftwood Marine Operations Manual and shall
provide a copy of the amended Driftwood Marine Operations Manual to Buyer. The Driftwood Marine Operations Manual shall be in line with
those at similar liquefaction facilities located on the Gulf Coast of the United States of America.

 

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		7.9	Loading of LNG Tankers

 

		7.9.1	Except as otherwise specifically provided, the terms of this Section ‎7.9 shall
apply to all LNG Tankers calling at the Driftwood LNG Terminal.

 

		7.9.2	Not later than twenty (20) Days prior to the ETA, or as soon as reasonably practicable, Buyer shall notify,
or cause the master of the LNG Tanker to notify Seller of the information specified below (“In-Transit First Notice”):

 

		(a)	name of the LNG Tanker, the volume of LNG onboard at the time the relevant notice is issued and the operator
and owner of such LNG Tanker;

 

		(b)	any operational deficiencies in the LNG Tanker that may affect either its performance at the Driftwood
LNG Terminal or its approach to or departure from the Driftwood LNG Terminal;

 

		(c)	whether the LNG Tanker will require cool-down service upon arrival at the Driftwood LNG Terminal, and,
if so, the quantity of LNG (in cubic meters) estimated to be required for such cool-down service;

 

		(d)	whether the LNG Tanker will require gas-up service upon arrival at the Driftwood LNG Terminal; and

 

		(e)	the ETA.

 

		7.9.3	With respect to each LNG Tanker scheduled to call at the Driftwood LNG Terminal, Buyer shall give, or
cause the master of the LNG Tanker to give, to Seller the following notices. Each such notice shall include details of any significant
change in the information provided pursuant to Section ‎7.9.2 (as updated pursuant to subsequent notices) since
the immediately preceding notice was given (including, subject to Sections ‎7.6 and ‎8.3, any
change to the LNG Tanker):

 

		(a)	a second notice (“In-Transit Second Notice”), which shall be sent ninety-six (96) hours
prior to the ETA set forth in the In-Transit First Notice or as soon as practicable prior to such ETA if the sea time between the point
of departure of the LNG Tanker and the Loading Port is less than ninety-six (96) hours, stating the LNG Tanker’s then ETA. If, thereafter,
such ETA changes by more than six (6) hours, Buyer shall give promptly, or cause the master of the LNG Tanker to give promptly, to
Seller notice of the corrected ETA;

 

		(b)	a third notice (“In-Transit Third Notice”), which shall be sent forty-eight (48) hours
prior to the ETA set forth in the In-Transit Second Notice (as corrected), confirming or amending such ETA. If, thereafter, such ETA changes
by more than six (6) hours, Buyer shall give promptly, or cause the master of the LNG Tanker to give promptly, to Seller notice of
the corrected ETA;

 

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		(c)	a fourth notice (“In-Transit Fourth Notice”), which shall be sent twenty-four (24)
hours prior to the ETA set forth in the In-Transit Third Notice (as corrected), confirming or amending such ETA. If, thereafter, such
ETA changes by more than three (3) hours, Buyer shall give promptly, or cause the master of the LNG Tanker to give promptly, to Seller
notice of the corrected ETA;

 

		(d)	a fifth notice (“In-Transit Final Notice”), which shall be sent twelve (12) hours prior
to the ETA set forth in the In-Transit Fourth Notice (as corrected), confirming or amending such ETA. If, thereafter, such ETA changes
by more than one (1) hour, Buyer shall give promptly, or cause the master of the LNG Tanker to give promptly, to Seller notice of
the corrected ETA; and

 

		(e)	an NOR, which shall be given at the time prescribed in Section ‎7.10.

 

		7.9.4	Except where prohibited by any applicable Governmental Authority or International Standards, Buyer shall
have the right to cause an LNG Tanker to burn Gas as fuel during operations at the Driftwood LNG Terminal (including while conducting
LNG cargo loading operations). Any quantity of Gas burned as fuel pursuant to this Section ‎7.9.4 shall be taken
into account for purposes of determining the quantity of LNG loaded in accordance with Exhibit A.

 

		7.9.5	Seller shall have a right to use or dispose of, or cause to be used or disposed of, all Gas returned to
the Driftwood LNG Terminal during cool-down or gas-up operations without compensation to Buyer. Seller shall have a right to use or dispose
of, or cause to be used or disposed of, all Gas returned to the Driftwood LNG Terminal during loading operations, provided that
Gas returned to the Driftwood LNG Terminal during loading shall be deducted for determining the quantity loaded for Buyer’s account
in accordance with Paragraph 11(c)(ii) of Exhibit A and the formula set out in Paragraph 12.4 of Exhibit A.

 

		7.10	Notice of Readiness

 

		7.10.1	The master of an LNG Tanker or such master’s agent shall tender the NOR to Seller upon arrival at
the PBS or any customary anchorage location for LNG vessels seeking to transit the Calcasieu ship channel, provided that such LNG
Tanker has received all required Approvals from the relevant Governmental Authorities (including security clearance from the United States
Coast Guard) that are required to transit to a berth of the Driftwood LNG Terminal, and is ready, willing, and able, to proceed to berth
and load LNG or to commence cool-down or gas-up operations (as applicable).

 

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		7.10.2	A valid NOR given under Section ‎7.10.1 shall become effective as follows:

 

		(a)	for an LNG Tanker that tenders its NOR according to Section ‎7.10.1 at any
time prior to the Delivery Window allocated to such LNG Tanker, an NOR shall become effective at the earlier of (i) the time when
the LNG Tanker is all fast at a berth of the Driftwood LNG Terminal; and (ii) six (6) hours after the time of its issuance;
but not before the Delivery Window has started or Seller has notified the LNG Tanker that Seller is ready to receive the LNG Tanker;

 

		(b)	for an LNG Tanker that tenders its NOR according to Section ‎7.10.1 at any
time during the Delivery Window allocated to such LNG Tanker, a valid NOR shall become effective six (6) hours after the time of
its issuance; and

 

		(c)	for an LNG Tanker that tenders its NOR according to Section ‎7.10.1 at any
time after the expiration of the Delivery Window, an NOR shall become effective when the LNG Tanker is all fast at a berth of the Driftwood
LNG Terminal.

 

		7.11	Berthing Assignment

 

		7.11.1	Seller shall berth or cause to be berthed an LNG Tanker which has tendered NOR before or during its Delivery
Window promptly after Seller determines such LNG Tanker will not interfere with berthing and loading of any other scheduled LNG vessel
with a higher berthing priority but in no event later than the end of the Delivery Window allocated to such LNG Tanker; provided, however,
that if Seller does not berth or cause to be berthed such LNG Tanker by the end of the Delivery Window, (a) Seller shall use reasonable
efforts to berth or cause to be berthed such LNG Tanker within forty-eight (48) hours after the end of its Delivery Window, (b) Buyer
shall use reasonable efforts to cause the LNG Tanker to remain at the PBS or applicable anchorage location for the Driftwood LNG Terminal,
and (c) Buyer’s sole recourse and remedy during such period of time for Seller’s failure to berth or cause to be berthed
the LNG Tanker by the end of the Delivery Window shall be demurrage pursuant to Section ‎7.12.3, payment for excess
boil-off pursuant to Section ‎7.12.4 and provision by Seller of a cool-down pursuant to Section ‎7.16.1(b).
If (i) at any time during such forty-eight (48) hour period, Buyer is no longer able, having used reasonable efforts, to cause the
LNG Tanker to remain at the PBS or applicable anchorage location, or (ii) the forty-eight (48) hour period expires, and in either
case Seller has not berthed or caused to be berthed the LNG Tanker, and such delay is not attributable to a reason that would result in
an extension of Allotted Laytime under Section ‎7.12.1, then Seller shall be deemed to have failed to make the
Scheduled Cargo Quantity of the relevant LNG cargo available for delivery and the provisions of Sections ‎5.6.2 to ‎5.6.4
shall apply. Notwithstanding the foregoing, if, as a result of the Driftwood LNG Terminal not being ready to berth for reasons attributable
to Buyer or Buyer’s Affiliates, Seller fails to make available an LNG cargo, then Buyer shall be deemed to have failed to take such
LNG cargo and the provisions of Sections ‎5.7.2 to ‎5.7.7 shall apply.

 

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		7.11.2	For each delivery window period, Seller shall determine or cause to be determined the berthing priority
among LNG vessels which have tendered NOR before or during their scheduled delivery window as follows:

 

		(a)	The first berthing priority for a delivery window period shall be for an LNG vessel scheduled for such
delivery window period. Priority within this group shall be given to the LNG vessel which has first tendered to Seller its NOR. Once an
LNG vessel achieves a first berthing priority pursuant to this Section ‎7.11.2(a) or ‎7.11.2(c),
such LNG vessel shall maintain such priority until such LNG vessel is berthed, so long as its tendered NOR does not become invalid pursuant
to Section ‎7.13.1;

 

		(b)	The second berthing priority for a delivery window period shall be for an LNG vessel scheduled for arrival
before such delivery window period, which tendered to Seller its NOR prior to or during its scheduled delivery window but which was unable
to proceed to berth for reasons not attributable to Buyer, the Transporter, the LNG Tanker or its master, crew, owner or operator. Priority
within this group shall be given to the LNG vessel which has first tendered to Seller its NOR; and

 

		(c)	The third berthing priority for a delivery window period shall be for an LNG vessel scheduled for arrival
after such delivery window period. Priority within this group shall be given to the LNG vessel which has first tendered to Seller its
NOR. An LNG vessel with third berthing priority pursuant to this Section ‎7.11.2(c) will achieve a
first berthing priority on its scheduled delivery window pursuant to Section ‎7.11.2(a) if such LNG
vessel has not been berthed prior to such date, so long as its tendered NOR does not become invalid pursuant to Section ‎7.13.1.

 

		7.11.3	If an LNG Tanker tenders NOR after the end of its Delivery Window, Seller shall use reasonable efforts
to berth or cause to be berthed such LNG Tanker as soon as reasonably practical; provided, however, that, unless otherwise agreed
with Buyer, Seller shall have no obligation to use such efforts to berth or cause to be berthed an LNG Tanker that tenders NOR more than
forty-eight (48) hours after the end of its Delivery Window. If, as of the forty-eighth (48th) hour after the end of the Delivery Window,
the LNG Tanker has not tendered NOR, and such delay is not attributable to a reason that would result in an extension of Allowed Laytime
under Sections ‎7.13.2(a)(i)-‎(viii), Buyer shall be deemed to have failed to take delivery of the Scheduled
Cargo Quantity of the relevant LNG cargo and the provisions of Sections ‎5.7.2 to ‎5.7.7 shall
apply.

 

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		7.12	Berth Laytime

 

		7.12.1	The allotted laytime for each LNG Tanker (“Allotted Laytime”) shall be thirty (30)
hours, as extended by any period of delay that is caused by:

 

		(a)	reasons attributable to a Governmental Authority, Buyer, the Transporter, the LNG Tanker or its master,
crew, owner or operator or any Third Party outside of the reasonable control of Seller or the operator of the Driftwood LNG Terminal,
including security clearance review by the United States Coast Guard;

 

		(b)	Force Majeure or Adverse Weather Conditions;

 

		(c)	unscheduled curtailment or temporary discontinuation of operations at the Driftwood LNG Terminal necessary
for reasons of safety, except to the extent such unscheduled curtailment or temporary discontinuation of operations is due to Seller’s
failure to operate and maintain its facilities as a Reasonable and Prudent Operator;

 

		(d)	time at berth during any cool-down pursuant to Sections ‎7.16.1(a) and ‎(c);

 

		(e)	time at berth during any gas-up pursuant to Section ‎7.17;

 

		(f)	nighttime transit restrictions, if applicable;

 

		(g)	tidal restrictions; and

 

		(h)	any other interruption impacting the Loading Port, including the unavailability or delay of Pilot services,
tugs, and other similar interruptions, to the extent such interruptions are not caused by reasons attributable to Seller or the operator
of the Driftwood LNG Terminal.

 

		7.12.2	The actual laytime for each LNG Tanker (“Actual Laytime”) shall commence when the NOR
is effective, and shall end when the last loading arm of the Driftwood LNG Terminal has been disconnected from the LNG Tanker and Seller
or the operator of the Driftwood LNG Terminal has cleared the LNG Tanker for departure.

 

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		7.12.3	In the event Actual Laytime exceeds Allotted Laytime (as extended pursuant to Section ‎7.12.1)
(“Demurrage Event”), Seller shall pay to Buyer as liquidated damages demurrage in USD (which shall be prorated for
a portion of a Day) at a rate equal to USD [***] (US$[***]) per Day. If a Demurrage Event occurs, Buyer shall invoice Seller for such
demurrage within ninety (90) Days pursuant to Section ‎10.1.4. Any payment that Seller makes under this Section ‎7.12.3
shall not be treated as an indirect, incidental, consequential or exemplary loss for purposes of Section ‎15.2.1(a) or
a loss of income or profits for purposes of Section ‎15.2.1(b).

 

		7.12.4	In the event (a) an LNG Tanker is delayed in berthing at the Driftwood LNG Terminal or commencement
of LNG loading due to an event occurring at or near the Driftwood LNG Terminal (including at the berth) and for a reason that would not
result in an extension of Allotted Laytime under Section ‎7.12.1, and (b) as a result thereof, the commencement
of LNG loading is delayed beyond twenty-four (24) hours after the LNG Tanker (i) has either tendered a valid NOR or berthed and (ii) is
cleared by the Governmental Authorities to commence loading, Seller shall pay Buyer as liquidated damages an amount, on account of excess
boil-off. The amount payable shall equal (x) the total number of full hours by which commencement of LNG loading is delayed beyond
the aforementioned twenty-four (24) hour period, multiplied by (y) the CSP, multiplied by (z) a quantity in MMBtu
equal to (A) the guaranteed daily ballast rate of boil-off of such LNG Tanker pursuant to Form B of the relevant charterparty
or similar description provided by the LNG Tanker’s owner in the relevant charterparty, divided by (B) twenty-four (24)
hours per Day, multiplied by (C) the cargo containment capacity of such LNG Tanker (in MMBtu), provided that in no
event shall such quantity of MMBtu exceed the quantity of LNG onboard the LNG Tanker at the time it issued its valid NOR. Buyer shall
invoice Seller for such excess boil-off within ninety (90) Days after the applicable event, pursuant to Section ‎10.1.4.
Any payment that Seller makes under this Section ‎7.12.4 shall not be treated as an indirect, incidental, consequential
or exemplary loss for purposes of Section ‎15.2.1(a) or a loss of income or profits for purposes of Section ‎15.2.1(b).

 

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		7.13	LNG Tanker Not Ready for LNG Loading; Excess Laytime

 

		7.13.1	Except in the event Seller provides a cool-down service under Section ‎7.16.1(b),
if any LNG Tanker previously believed to be ready for LNG loading is determined to be not ready after being berthed for reasons not attributable
to Seller or the operator of the Driftwood LNG Terminal, the NOR shall be invalid, and Seller may direct (or cause the operator of the
Driftwood LNG Terminal to direct) the LNG Tanker’s master to vacate the berth and proceed to anchorage, whether or not other LNG
vessels are awaiting the berth, unless it appears reasonably certain to Seller that such LNG Tanker can be made ready without disrupting
the overall berthing schedule of the Driftwood LNG Terminal or operations of the Driftwood LNG Terminal. When an unready LNG Tanker at
anchorage becomes ready for LNG loading, its master shall notify Seller. If, as a result of such LNG Tanker not being ready to berth for
reasons not attributable to Seller or the operator of the Driftwood LNG Terminal, Buyer fails to take an LNG cargo, the provisions of
Sections ‎5.7.2 to ‎5.7.7 shall apply. If, as a result of such LNG Tanker not being ready to
berth for reasons attributable to Seller or the operator of the Driftwood LNG Terminal, Buyer fails to take an LNG cargo, Seller shall
be deemed to have failed to make available such LNG cargo and the provisions of Sections ‎5.6.2 to ‎5.6.4
shall apply.

 

		7.13.2	The following shall apply with respect to berthing:

 

		(a)	An LNG Tanker shall complete LNG loading and vacate the berth as soon as possible but not later than thirty
(30) hours from the time the LNG Tanker is all fast at the berth and has received all required Approvals from the relevant Governmental
Authorities (including security clearance from the United States Coast Guard). Such thirty (30) hour-period (“Allowed Laytime”)
shall be extended by any period of delay that is caused by:

 

		(i)	reasons attributable to a Governmental Authority, Seller, the operator of the Driftwood LNG Terminal or
any Third Party outside the reasonable control of Buyer, the Transporter, the LNG Tanker or its master, crew, owner or operator;

 

		(ii)	Force Majeure or Adverse Weather Conditions;

 

		(iii)	unscheduled curtailment or temporary discontinuation of operations at the Driftwood LNG Terminal necessary
for reasons of safety, except to the extent such unscheduled curtailment or temporary discontinuation of operations is attributable to
Buyer, the Transporter, the LNG Tanker or its master, crew, owner or operator;

 

		(iv)	time at berth during any cool-down pursuant to Sections ‎7.16.1(a)-‎(c);

 

		(v)	time at berth during any gas-up pursuant to Section ‎7.17;

 

		(vi)	nighttime transit restrictions, if applicable;

 

		(vii)	tidal restrictions; and

 

		(viii)	any other interruption impacting the Loading Port, including the unavailability or delay of Pilot services,
tugs, and other similar interruptions, to the extent such interruptions are not caused by reasons attributable to Buyer, the Transporter,
the LNG Tanker or its master, crew, owner or operator.

 

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		(b)	If an LNG Tanker fails to depart at the end of its Allowed Laytime (as extended pursuant to Sections
‎7.13.2(a)(i)-‎(viii)), another LNG vessel is awaiting the berth and the LNG Tanker’s continued
occupancy of the berth will disrupt the overall berthing schedule of the Driftwood LNG Terminal or operations of the Driftwood LNG Terminal,
Seller may direct (or cause the operator of the Driftwood LNG Terminal to direct) the LNG Tanker to vacate the berth and proceed to sea
at utmost dispatch.

 

		(c)	If an LNG Tanker fails to depart the berth at the end of its Allowed Laytime (as extended pursuant to
Sections ‎7.13.2(a)(i)-‎(viii)) and as a result the subsequent LNG vessel is prevented from
or delayed in loading, Buyer shall reimburse Seller for any and all actual documented demurrage or excess boil-off that Seller becomes
contractually obligated to pay to any Third Party with respect to such subsequent LNG vessel, as a result of the LNG Tanker not completing
LNG loading and vacating the berth as required by this Section ‎7.13.2; provided that Buyer shall
not be required to reimburse Seller for any amounts based on a demurrage rate or excess boil-off rate in excess of those specified in
Sections ‎7.12.3 and ‎7.12.4, as applicable. Seller shall invoice Buyer for any
amounts due under this Section ‎7.13.2(c) pursuant to Section ‎10.1.4
within ninety (90) Days after the relevant Delivery Window.

 

		(d)	In the event an LNG Tanker fails to vacate the berth pursuant to this Section ‎7.13
and Buyer is not taking actions to cause it to vacate the berth, Seller may effect such removal at the expense of Buyer.

 

		7.14	LNG Loadings at the Driftwood LNG Terminal

 

		7.14.1	Seller shall cooperate with Transporters (or their agents) and with the master of each LNG Tanker to facilitate
the continuous and efficient loading of LNG hereunder.

 

		7.14.2	During LNG loading, Seller shall take receipt of, through the Driftwood LNG Terminal vapor return line,
Gas in such quantities as are necessary for the safe loading of LNG at such rates, pressures and temperatures as may be required by the
design of the LNG Tanker or any standard operating practices of such LNG Tanker, provided such practices conform to International LNG
Vessel Standards.

 

		7.14.3	Promptly after completion of loading of each LNG cargo, Seller shall send or cause to be sent to Buyer
a certificate of origin, certificate of quantity, certificate of quality, LNG cargo manifest and bill of lading, together with such other
documents concerning the LNG cargo as may reasonably be requested by Buyer.

 

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		7.14.4	Buyer, in cooperation with Seller, shall cause the LNG Tanker to depart safely and expeditiously from
the berth upon completion of LNG loading.

 

		7.15	Cooperation

 

If any circumstance occurs or is foreseen
to be reasonably likely to occur so as to cause delay to an LNG Tanker or any other LNG vessel in berthing, loading or departing, Buyer
and Seller shall, without prejudice to any other provision of this Agreement, discuss such circumstance in good faith with each other,
and the Parties shall use reasonable efforts to minimize or to avoid the delay, and at the same time shall cooperate with each other and
with such other users of the Loading Port, as appropriate, to find countermeasures to minimize or to avoid the occurrence of any similar
delay in the future.

 

		7.16	Cool-Down of LNG Tankers

 

		7.16.1	Buyer shall be solely responsible for ensuring that each LNG Tanker elected by Buyer for taking an LNG
cargo arrives at the Driftwood LNG Terminal cold and in a state of readiness. Notwithstanding the foregoing and subject to Section ‎7.16.2,
Seller shall provide cool-down service to LNG Tankers at Buyer’s request as follows:

 

		(a)	Seller shall use reasonable efforts (taking into account availability of sufficient berth time) to accept
Buyer’s request to provide cool-down service for any LNG Tanker, subject to Buyer requesting such cool-down service by notice to
Seller as far in advance of the relevant LNG cargo’s Delivery Window as is reasonably practicable but in no case less than thirty
(30) Days before the relevant LNG cargo’s Delivery Window, provided that Seller shall accept Buyer’s request to provide
a cool-down service if Buyer makes such request by notice at the time Buyer proposes its schedule of receipt of LNG cargoes pursuant to
Section ‎8.1.2 for the relevant Contract Year. Seller shall have no obligation pursuant to this Section ‎7.16.1(a) to
provide cool-down services for more than three (3) LNG Tankers during any two (2) consecutive Contract Years (provided
that any cool-down services which may be agreed to be provided as a result of mitigation of a Force Majeure event shall not be counted
towards such limitation). Buyer shall pay Seller for all LNG provided by Seller for cooling such LNG Tankers in an amount equal to the
quantity of LNG provided, multiplied by the CSP.

 

		(b)	Seller shall provide cool-down service without payment to any LNG Tankers requiring cool-down solely as
a result of a delay caused by Seller, but only if such LNG Tanker made no other call between the original Delivery Window and the requested
cool-down time.

 

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		(c)	Seller shall use reasonable efforts, contingent on the availability of sufficient berth time and facilities
status, to provide cool-down service at any time other than as described in Sections ‎7.16.1(a)-‎(b) upon
request by Buyer, provided that Buyer shall pay Seller for all LNG provided by Seller for cooling such LNG Tankers in an amount
equal to the quantity of LNG provided, multiplied by the CSP; provided, further, that Seller shall have no obligation to
provide such cool-down service if doing so would interfere with a scheduled Delivery Window of Buyer or a scheduled delivery window of
any other Person.

 

		7.16.2	The following shall apply to any cool-down service provided by Seller pursuant to Section ‎7.16.1:

 

		(a)	the MMBtu content of the total liquid quantities delivered for cooling, measured before evaporation, shall
be determined by reference to the relevant LNG Tanker’s cool-down tables;

 

		(b)	the Parties will determine by mutual agreement the rates and pressures for delivery of LNG for cool-down,
but always in full accordance with safe operating parameters and procedures established by Seller;

 

		(c)	LNG provided during cool down by Seller pursuant to Section ‎7.16.1 shall
not be applied against the Scheduled Cargo Quantity for the relevant LNG cargo; and

 

		(d)	unless cool-down services are agreed to be provided in the mitigation of Force Majeure, cool-down service
shall not be provided during January, February, March, October, November or December of any Contract Year, provided that
if Buyer requests cool-down service during such period, then Seller shall use commercially reasonable efforts to provide cool-down service
during such period.

 

		7.17	Gas-Up of LNG Tankers

 

		7.17.1	Seller shall use reasonable efforts to obtain or cause to be obtained all relevant Approvals needed to
offer gas-up service to LNG Tankers at the Driftwood LNG Terminal.

 

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		7.17.2	Notwithstanding the first sentence of Section ‎7.16.1 and subject to Section ‎7.17.3,
to the extent Seller has all relevant Approvals needed to offer gas-up service to LNG Tankers at the Driftwood LNG Terminal and such services
is otherwise permitted under Applicable Law, Seller shall provide gas-up service to LNG Tankers at Buyer’s request as follows:

 

		(a)	Buyer’s request for gas-up service in respect of an LNG Tanker shall be provided at the same time
that Buyer requests cool-down service in respect of such LNG Tanker pursuant to Section ‎7.16.

 

		(b)	Seller shall use reasonable efforts (taking into account availability of sufficient berth time) to accept
Buyer’s request to provide gas-up service for any LNG Tanker, subject to Buyer requesting such gas-up service by notice to Seller
as far in advance of the relevant LNG cargo’s Delivery Window as is reasonably practicable but in no case less than thirty (30)
Days before the relevant LNG cargo’s Delivery Window, provided that Seller shall accept Buyer’s request to provide
a gas-up service if Buyer makes such request by notice at the time Buyer proposes its schedule of receipt of LNG cargoes pursuant to Section ‎8.1.2
for the relevant Contract Year.

 

		(c)	Seller shall use reasonable efforts, contingent on the availability of sufficient berth time and facilities
status, to provide gas-up service at any time other than as described in Section ‎7.17.2(b) upon request
by Buyer, provided that Seller shall have no obligation to provide such gas-up service if doing so would interfere with a scheduled
Delivery Window of Buyer or a scheduled delivery window of any other Person, would adversely affect the ability of Seller to perform its
other obligations under this Agreement and other LNG sale and purchase agreements or would adversely affect the ability of Seller to operate
the Driftwood LNG Terminal in accordance with all Approvals and Applicable Law.

 

		7.17.3	The following shall apply to any gas-up service provided by Seller pursuant to Section ‎7.17.2:

 

		(a)	the Parties will determine by mutual agreement the rates and pressures for delivery of Gas for gas-up
service, but always in full accordance with safe operating parameters and procedures established by Seller;

 

		(b)	gas-up service shall only be provided to an LNG Tanker that is also entitled to receive, and is receiving,
immediately after such gas-up service, cool-down service pursuant to Section ‎7.16;

 

		(c)	without prejudice to any amounts owed by Buyer for cool-down service provided pursuant to Section ‎7.16
to an LNG Tanker that also receives gas-up service pursuant to this Section ‎7.17, Buyer shall not be obligated
to make a payment to Seller for gas-up service; provided that Buyer shall pay Seller for all LNG provided by Seller for each gas-up,
in an amount equal to the quantity of LNG provided, multiplied by the CSP;

 

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		(d)	gas-up service shall not be provided during January, February, March, October, November or December of
any Contract Year, provided that if Buyer requests gas-up service during such period, then Seller shall use commercially reasonable
efforts to provide gas-up service during such period; and

 

		(e)	gas-up service shall only be available for LNG Tankers under nitrogen purge, provided that the
Parties, acting reasonably, will discuss the acceptance of LNG Tankers under inert gas, if Buyer can demonstrate unavailability of nitrogen
and if Seller is able to accommodate, including taking into consideration operational and regulatory requirements.

 

		8.	Annual Delivery Program

 

		8.1	Programming Information

 

		8.1.1	No later than one hundred eighty (180) Days before the start of each Contract Year, Seller shall provide
Buyer with:

 

		(a)	Seller’s good faith estimate of the Gross Heating Value of LNG to be delivered during such Contract
Year; and

 

		(b)	the Major Scheduled Maintenance Quantity for such Contract Year, if any.

 

		8.1.2	No later than one hundred ten (110) Days before the start of each Contract Year, Buyer shall notify Seller
of Buyer’s proposed schedule of receipt of LNG cargoes for each Month of such Contract Year. Such schedule shall identify sufficient
proposed LNG cargoes in order to schedule the full AACQ, and such AACQ shall be distributed across the Contract Year in accordance with
Section ‎5.3. Buyer’s notice shall include the following information:

 

		(a)	the LNG Tanker (if known) for each proposed LNG cargo;

 

		(b)	the Scheduled Cargo Quantity for each proposed LNG cargo;

 

		(c)	the proposed Delivery Window for each LNG cargo;

 

		(d)	Buyer’s request (if any) for a Round-Up Quantity for such Contract Year; and

 

		(e)	any other information that may affect annual scheduling.

 

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Buyer shall also inform Seller of any
anticipated periods for maintenance to be conducted with respect to the LNG Tankers identified in (a) above.

 

		8.1.3	Seller shall call a scheduling meeting of Seller and Buyer and, at Seller’s election, other Driftwood
buyers to occur no earlier than one hundred (100) Days before the start of each Contract Year and no later than ninety (90) Days before
the start of such Contract Year, by providing at least ten (10) Days’ advance notice thereof. During such meeting, Seller and
Buyer shall discuss in good faith Buyer’s proposed schedule of receipt of LNG cargoes notified by Buyer to Seller pursuant to Section ‎‎8.1.2
and, as applicable, other Driftwood buyers’ proposed schedules. Unless otherwise agreed by Seller and Buyer, the meeting will be
held by videoconference. Any terms proposed, discussed or determined at such meeting shall not be binding on either Party except to the
extent included in the Annual Delivery Program promulgated by Seller pursuant to Section ‎8.2.

 

		8.1.4	Seller will then notify Buyer no later than eighty-five (85) Days before the start of such Contract Year
of Seller’s proposed schedule of LNG cargoes to be made available in each Month of such Contract Year, exercising reasonable efforts
to adopt Buyer’s proposed schedule of receipts requested in accordance with Section ‎8.1.2; provided that
(x) if Buyer fails to deliver the notice according to Section ‎8.1.2, Seller may nevertheless propose a schedule
according to the terms of this Section ‎8.1.4, and (y) Seller shall have the right to modify Buyer’s
proposed schedule to the extent required to ensure that the entire AACQ is scheduled and to comply with the other requirements of this
Agreement, including the terms of Section ‎5.3. Such notice shall include the following information:

 

		(a)	the proposed AACQ for the Contract Year;

 

		(b)	the proposed Round-Up Quantity (if any) or Round-Down Quantity (if any) for the Contract Year;

 

		(c)	any Round-Down Quantity not taken in the previous Contract Year and carried forward to the current Contract
Year;

 

		(d)	any Round-Up Quantity taken in the previous Contract Year and carried forward as a deduction in the current
Contract Year;

 

		(e)	the Major Scheduled Maintenance Quantity (if any) for the Contract Year identified by Seller pursuant
to Section ‎8.1.1(b);

 

		(f)	for each LNG cargo:

 

		(i)	the loading terminal if changed from Driftwood LNG Terminal pursuant to Section ‎3.1.2;

 

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		(ii)	the LNG Tanker (if specified by Buyer);

 

		(iii)	the Scheduled Cargo Quantity, if any, specified in the notice sent by Buyer pursuant to Section ‎8.1.2;
and

 

		(iv)	the proposed Delivery Window; and

 

		(g)	any other information that may affect annual scheduling.

 

		8.2	Determination of Annual Delivery Program

 

		8.2.1	No later than ten (10) Days after receipt of Seller’s proposed schedule provided under Section ‎8.1.4,
Buyer shall notify Seller if Buyer desires to consult with Seller regarding the proposed schedule, including (a) if Seller has not
requested a Round-Up Quantity pursuant to Section ‎8.1.4(b), whether Buyer desires to request a Round-Up Quantity
in accordance with Section ‎5.4.2, or (b) if Seller has requested a Round-Up Quantity pursuant to Section ‎8.1.4(b),
whether Buyer is unable, despite its exercise of reasonable efforts, to schedule the receipt of the additional LNG. Seller shall, no later
than fifteen (15) Days after receipt of Buyer’s notice, meet and consult with Buyer.

 

		8.2.2	If, prior to the date that is sixty (60) Days before the start of a Contract Year, the Parties have agreed
on a schedule of deliveries for such Contract Year, then Seller shall issue the delivery schedule agreed by the Parties. If the Parties
are unable to agree on a schedule of deliveries for such Contract Year, then no later than sixty (60) Days before the start of such Contract
Year, Seller shall issue the delivery schedule for such Contract Year containing the information set forth in Section ‎8.1.4,
modified to reflect any changes agreed by the Parties pursuant to Section ‎8.2.1 and to reflect any changes required
by Section ‎5.4 to Seller’s proposal pursuant to Section ‎8.1.4(b) for a Round-Up
Quantity or Round-Down Quantity. The schedule promulgated by Seller shall reflect the exercise of reasonable efforts by Seller to (i) assign
to Buyer Delivery Windows that are as close as reasonably practicable to the Delivery Windows proposed by Buyer pursuant to Section ‎8.1.2,
and (ii) specify the Scheduled Cargo Quantity with respect to each LNG Tanker as notified by Buyer pursuant to Section ‎8.1.2;
provided, that Seller shall have the right to issue a schedule with different terms to the extent required to ensure that the entire
AACQ is scheduled and to comply with the other requirements of this Agreement, including the terms of Section ‎5.3.
Seller shall provide for delivery of the AACQ in accordance with Section ‎5.3.

 

		8.2.3	In assigning Delivery Windows in the ADP under Section ‎8.2.2, (a) requests
of Buyer made pursuant to this Agreement and requests of other Foundation Customers will be given priority over the requests of Seller’s
customers that are not Foundation Customers; and (b) requests of each Foundation Customer will be treated on a non-discriminatory
basis as compared to requests of other Foundation Customers.

 

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		8.2.4	The schedule for deliveries of LNG during the Contract Year established pursuant to this Section ‎8.2,
as amended from time to time in accordance with Section ‎8.3, is the “Annual Delivery Program”
or “ADP”. If Seller fails to issue the schedule provided for in Sections ‎8.1.4 or ‎8.2.2,
if applicable, then the schedule proposed by Buyer under Section ‎8.1.2 shall be the ADP for the relevant Contract
Year.

 

		8.2.5	Seller shall combine the ADP with the annual delivery programs of all other buyers and offtakers from
the Driftwood LNG Terminal (including Foundation Customers and Driftwood Buyers) and provide to Buyer a combined schedule (the “Composite
ADP”) showing all delivery windows and scheduled cargo quantities that have been committed by Seller, along with available,
uncommitted loading windows at the Driftwood LNG Terminal. Seller shall promptly update the Composite ADP as the ADP is changed pursuant
to Section ‎8.3 or the annual delivery programs of buyers and offtakers from the Driftwood LNG Terminal (including
Foundation Customers and Driftwood Buyers) are changed pursuant to their respective LNG sale and purchase agreements.

 

		8.2.6	All references in Section ‎‎8.1 and this Section ‎‎8.2
to a specific number of Days prior to the start of a Contract Year shall be construed to mean, for purposes of the First Contract Year,
as such number of Days prior to the anticipated First DFCD.

 

		8.3	Changes to Annual Delivery Program

 

		8.3.1	Subject to the remainder of this Section ‎8.3, either Party may request by notice
a change in the ADP or Ninety Day Schedule for a Contract Year for any reason.

 

		8.3.2	As soon as possible after notice has been received pursuant to this Section ‎8.3,
the Parties shall consult with one another in order to examine whether such ADP or Ninety Day Schedule can be revised to accommodate such
proposed change(s). Neither Party shall unreasonably withhold or delay its consent to revise the ADP or Ninety Day Schedule in accordance
with changes proposed by the other Party; provided that neither Party shall be under any obligation to consent thereto if:

 

		(a)	in the case of Seller, (i) Seller is unable to agree after the exercise of reasonable efforts to
any necessary changes in its arrangements with buyers and offtakers from the Driftwood LNG Terminal (including Foundation Customers and
Driftwood Buyers), (ii) the requested change would impose additional costs (unless Buyer agrees to reimburse such costs) or risks
upon Seller, or (iii) the requested change would increase the total quantities scheduled hereunder or decrease the total quantities
scheduled hereunder; or

 

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		(b)	in the case of Buyer, (i) Buyer is unable to agree after the exercise of reasonable efforts to any
necessary changes in its arrangements with Transporter or Buyer’s customers, (ii) the requested change would impose additional
costs (unless Seller agrees to reimburse such costs) or risks upon Buyer, or (iii) the requested change would increase the total
quantities scheduled hereunder or decrease the total quantities scheduled hereunder.

 

		8.3.3	A Party shall not withhold or delay its consent to revise the ADP or Ninety Day Schedule if the proposed
change: (a) complies with the terms of this Agreement and Applicable Laws; (b) by the exercise of reasonable efforts on the
part of such Party, does not create a material adverse impact on health, safety, environment or the operations of such Party; (c) does
not result in unreimbursed increased costs or decreased revenues to such Party; (d) does not result in materially unratable deliveries
at any time during the Contract Year; and (e) results in no change to the total quantities scheduled hereunder.

 

		8.3.4	Upon a scheduling change pursuant to this Section ‎8.3, the ADP and, if applicable,
the Ninety Day Schedule shall be amended accordingly and an updated ADP and, if applicable, an updated Ninety Day Schedule shall promptly
be provided in writing by Seller to Buyer.

 

		8.4	Ninety Day Schedule

 

		8.4.1	No later than the twenty-fifth (25th) Day of each Month, Seller shall issue a forward plan
of deliveries for the three (3)-Month period commencing on the first (1st) Day of the following Month thereafter (e.g., the
Ninety Day Schedule for the three (3)-Month period commencing on May 1 shall be issued no later than the twenty-fifth (25th)
Day of April) (such plan, as amended from time to time in accordance with procedures set forth in this Agreement, the “Ninety
Day Schedule”). The Ninety Day Schedule shall set forth by LNG cargo the forecast pattern of deliveries, including the Delivery
Window, LNG Tanker and Scheduled Cargo Quantity for each LNG cargo. In the absence of agreement between the Parties otherwise, the Ninety
Day Schedule will maintain the Scheduled Cargo Quantities and Delivery Windows as identified in the ADP.

 

		8.4.2	Seller shall combine the Ninety Day Schedule with the ninety day schedules of all other buyers and offtakers
from the Driftwood LNG Terminal (including Foundation Customers and Driftwood Buyers) and provide to Buyer a combined schedule (the “Composite
Ninety Day Schedule”) showing all delivery windows and scheduled LNG cargo quantities that have been committed by Seller, along
with available, uncommitted loading windows at the Driftwood LNG Terminal. Seller shall promptly update the Composite Ninety Day Schedule
as the Ninety Day Schedule is changed pursuant to Sections ‎8.3 or ‎8.4.1 or the ninety day
schedules of buyers and offtakers from the Driftwood LNG Terminal (including Foundation Customers and Driftwood Buyers) are changed pursuant
to their respective LNG sale and purchase agreements.

 

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		8.5	Alternative LNG Tanker

 

Without
prejudice to Section ‎14.2.3, in respect of each cargo of LNG scheduled in the ADP or Ninety Day Schedule,
Buyer may nominate an alternative LNG Tanker (each an “Alternative LNG Tanker”); provided that any Alternative
LNG Tanker shall be subject to and comply with all requirements for LNG Tankers under this Agreement and be able to safely load the Scheduled
Cargo Quantity as agreed in the Ninety Day Schedule. Any change to the Scheduled Cargo Quantity shall be made in accordance with Section ‎8.3
or ‎8.4, as applicable.

 

		9.	Contract Sales Price

 

		9.1	Contract Sales Price

 

		9.1.1	Except as otherwise provided pursuant to Section ‎‎14.3.4, and subject to Section ‎9.1.2,
the contract sales price (“CSP”) (expressed in USD per MMBtu rounded to two decimal places) for all LNG made available
by Seller to Buyer under this Agreement shall be as follows:

 

CSP
= [***] x (JKM CSP + TTF CSP)

 

where:

 

JKM
CSP = greater of (a) {([***]% x JKM) – US$[***]/MMBtu} and (b) US$[***]/MMBtu

 

where:

 

“JKM” means an amount
expressed in USD per MMBtu equal to the arithmetic average of all the JKM (M) frontline quotations published in the “DES Japan/Korea
Marker (JKM)” price table for each Platts Business Day, as published in Platts LNG Daily in the “DES Japan/Korea Marker (JKM)”
price table, during the Assessment Period;

 

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where:

 

“Assessment Period”
means the period covering the second half (sixteenth (16th) to month end (unless the sixteenth (16th) is not a Platts
Business Day, in which case the next Platts Business Day until month end)) of M-2 month and the first half (first (1st) to
fifteenth (15th) (unless the fifteenth (15th) of that month is not a Platts Business Day, in which case the first
half will end on the day immediately before the next Platts Business Day)) of M-1 month;

 

“M” means the calendar
month [***];

 

“Platts Business Day” means
a Day in respect of which Platts LNG Daily published prices for “DES Japan/Korea Marker (JKM)”; and

 

“Platts LNG Daily”
means the publication of that same name published by S&P Global, a division of S&P Global Inc.; and

 

TTF
CSP = greater of (a) {([***]% x TTF) – US$[***]/MMBtu} and (b) US$[***]/MMBtu

 

where:

 

“TTF” means the arithmetic
average of the daily settlement prices expressed in EUR per MWh of the ICE Dutch Natural Gas TTF Futures Contract for delivery in the
Pricing Month on all days for which such contract is the Front Month Contract on the ICE website (www.theice.com), as each daily settlement
price is converted to US$/MMBtu using the following formula:

 

US$/MMBtu = (EUR/MWh) x CR/3.41214

 

where:

 

“ICE” means InterContinental
Exchange;

 

“CR” means, on each
Pricing Date, the USD/EUR spot exchange rate on Bloomberg/Reuters quoted at 16:00 London time and rounded to four (4) decimals places;

 

“Front Month Contract”
means, on each Pricing Date, the ICE Dutch Natural Gas TTF Futures Contract that is traded on such Pricing Date with the earliest expiration
date;

 

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“Pricing Date” means
any day on which the ICE Dutch Natural Gas TTF Futures Contract has a settlement price; and

 

“Pricing Month” means
the calendar month [***].

 

		9.1.2	In the event that the Delivery Window for a cargo specified in an ADP or Ninety Day Schedule is changed
for any reason except due to a request of Buyer made pursuant to Section ‎8.3 or an action or omission directly
attributable to Buyer (except for a Buyer request related to Off-Spec LNG) (including for the purposes of such cargo, any of (i) its
Affiliate, (ii) any customer of Buyer scheduled to take delivery of LNG from Buyer at the Driftwood LNG Terminal, (iii) contractor
or sub-contractor or agent of Buyer or Affiliate of Buyer, (iv) the operator of any part of any Discharge Terminal or (v) any
Transporter) the CSP for such cargo shall be the CSP applicable for the Delivery Window originally scheduled in the ADP.

 

		10.	Invoicing and Payment

 

		10.1	Invoices

 

		10.1.1	Invoices for Cargoes. Invoices for each LNG cargo made available by Seller and taken by Buyer,
together with relevant supporting documents including a certificate of quantity loaded, shall be prepared and delivered by Seller to Buyer
promptly following each Delivery Window and receipt of the final inspection certificate applicable to the loading of such LNG cargo. The
invoice amount shall be the CSP, multiplied by the quantity of LNG loaded on the LNG Tanker as calculated pursuant to Section ‎13.5.

 

		10.1.2	Invoices for Cargo DoP Payments. Invoices for Cargo DoP Payments owed to Buyer by Seller shall
be prepared by Buyer and delivered to Seller promptly following the Delivery Window of each affected LNG cargo.

 

		10.1.3	Invoices for Cargo Shortfall Payments. Invoices for Cargo Shortfall Payments owed to Seller by
Buyer shall be prepared by Seller and delivered to Buyer promptly following the Delivery Window for each affected LNG cargo. Invoices
for any amounts owed to Buyer by Seller pursuant to Section ‎5.7.6 shall be prepared by Seller and delivered to
Buyer as soon as reasonably practicable.

 

		10.1.4	Invoices for Various Sums Due. In the event that any sums are due from one Party to the other Party
under Sections ‎7.5.4, ‎7.12.3, ‎7.12.4, ‎7.13.2(c),
‎7.16.1, ‎10.3.3, ‎10.4.1, ‎11.5,
‎12.3.1, or ‎12.3.2 of this Agreement, the Party to whom such sums are owed shall furnish
an invoice therefor, describing in reasonable detail the basis for such invoice and providing relevant documents supporting the calculation
thereof.

 

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		10.1.5	Invoices for Other Sums Due. In the event that any sums are due from one Party to the other Party
under this Agreement, other than for a reason addressed in Section ‎10.1.1 through ‎10.1.4,
the Party to whom such sums are owed shall furnish an invoice therefor, describing in reasonable detail the basis for such invoice and
providing relevant documents supporting the calculation thereof.

 

		10.1.6	Notice. Invoices shall be sent in accordance with Section ‎24.

 

		10.1.7	Provisional Invoices.

 

		(a)	In the event (i) a rate or index used in the calculation of an amount is not available on a temporary
or permanent basis; or (ii) any other relevant information necessary to compute an invoice is not available, the invoicing Party
may issue a provisional invoice (“Provisional Invoice”) in an amount calculated, in the case of subsection (i) of
this Section ‎10.1.7(a), in accordance with Section ‎1.3, and, in the case
of subsection (ii) of this Section ‎10.1.7(a), based on the best estimate of the unavailable information
by the Party issuing the Provisional Invoice. A Provisional Invoice shall be deemed to be an invoice issued pursuant to Section ‎10.1.1
through ‎10.1.5, as applicable, for the purposes of the payment obligations of Seller or Buyer, as applicable,
and shall be subject to subsequent adjustment in accordance with Section ‎10.1.7(b).

 

		(b)	If a Provisional Invoice has been issued, the invoicing Party shall issue a final invoice reflecting any
credit or debit, as applicable, to the Provisional Invoice as soon as reasonably practicable after the information necessary to compute
the payment has been obtained by such Party. Seller and Buyer shall settle such debit or credit amount, as the case may be, when payment
of the next invoice is due pursuant to Section ‎10.2 or, if earlier, upon the termination of this Agreement.

 

		10.2	Payment

 

		All	amounts
invoiced under this Agreement that are due and payable shall be paid in accordance with this Section ‎10.2.

 

		10.2.1	Payments for Cargoes. Invoices issued in accordance with Section ‎10.1.1
for LNG cargoes made available and taken shall become due and payable by Buyer on the tenth (10th) Day after the date on which
Buyer received such invoice.

 

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		10.2.2	Cargo DoP Payments. Invoices issued in accordance with Section ‎10.1.2 shall
become due and payable on the tenth (10th) Day following receipt by Seller.

 

		10.2.3	Cargo Shortfall Payments. Invoices issued in accordance with Section ‎10.1.3
shall become due and payable on the tenth (10th) Day following receipt by Buyer. Amounts owed by Seller in accordance with
Section ‎10.1.3 shall become due and payable on the tenth (10th) Day following Seller receiving the
applicable corresponding payment pursuant to a Mitigation Sale.

 

		10.2.4	Payments for Other Sums Due. An invoice issued pursuant to Section ‎10.1.4
or ‎10.1.5 shall be paid by the paying Party thereunder not later than twenty (20) Days after receipt of such
invoice.

 

		10.2.5	Payment Method. All invoices shall be settled by payment in USD of the sum due by wire transfer
of immediately available funds to an account with the bank designated by the other Party in accordance with Section ‎10.2.6.

 

		10.2.6	Designated Bank. Each Party shall designate a bank in a location reasonably acceptable to the other
Party for payments under this Agreement, not less than thirty (30) Days before any designation or redesignation is to be effective.

 

		10.2.7	Payment Date. If any invoice issued pursuant to Section ‎10.1 would result
in a Party being required to make a payment on a Day that is not a Business Day, then the due date for such invoice shall be the immediately
succeeding Business Day.

 

		10.3	Disputed Invoice

 

		10.3.1	Payment Pending Dispute. Absent manifest error, each Party invoiced pursuant to Section ‎10.1.1,
‎10.1.2, ‎10.1.3, or ‎10.1.4 shall pay all disputed and undisputed
amounts due under such invoice without netting or offsetting, and the Party disputing any amounts due under any such invoice shall as
soon as reasonably practicable notify the other Party of the reasons for such disagreement. In the case of manifest error, the correct
amount shall be paid disregarding such error, and necessary correction and consequent adjustment shall be made within five (5) Business
Days after agreement or determination of the correct amount.

 

		10.3.2	Timing. Except with respect to Sections ‎1.3, ‎10.3.4,
and ‎14, any invoice may be contested by the receiving Party only pursuant to Section ‎10.5
or if, within a period of thirteen (13) Months after its receipt thereof, that Party serves notice to the other Party questioning the
correctness of such invoice. Subject to Section ‎10.5, if no such notice is served, the invoice shall be deemed
correct and accepted by both Parties.

 

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		10.3.3	Interest. The Party who invoiced and received payment of a sum, subsequently determined not to
have been payable under this Agreement to such Party, shall pay interest to the other Party on such amount, at a rate per annum equal
to [***] percent ([***]%) above the SOFR (as in effect on the Day when such sum was originally paid) on and from the Day when such sum
was originally paid 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 SOFR for each successive term of ninety (90) Days during that period shall
be that in effect on the first (1st) 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.

 

		10.3.4	Measurement or Analyzing Errors. Any errors found in an invoice or credit note which are caused
by the inaccuracy of any measuring or analyzing equipment or device shall be corrected in accordance with Exhibit A hereto,
as applicable, and shall be settled in the same manner as is set out above in this Section ‎10.3.

 

		10.4	Delay in Payment

 

		10.4.1	Interest. If either Party fails to make payment of any sum as and when due under this Agreement,
it shall pay interest thereon to the other Party at a rate per annum equal to [***] percent ([***]%) above the SOFR (as in effect on the
Day when such sum was originally due) on and from the Day when payment was due until the date of payment, provided that, without
prejudice to the other terms of this Agreement, if such period lasts longer than ninety (90) Days, the applicable SOFR for each successive
term of ninety (90) Days during that period shall be that in effect on the first (1st) 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.

 

		10.4.2	Costs and Expenses. Subject to Section ‎20.1.12, each Party shall bear its
own costs (including attorneys’ or experts’ fees or costs) in respect of enforcement of such Party’s rights in any Dispute
proceeding as a result of the other Party failing to perform or failing timely to perform its obligations under this Agreement including
failing timely to make any payment in accordance with this Agreement.

 

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		10.5	Audit Rights

 

Each Party shall have the right to cause
an independent auditor, appointed by such Party at such Party’s sole cost and expense, to audit the books, records and accounts
of the other Party that are directly relevant to the determination of any amounts invoiced, charged, refunded or credited by the other
Party within the previous twelve (12) Months or as otherwise required by this Agreement. Such audit shall be conducted at the office where
the records are located, during the audited Party’s regular business hours and on reasonable prior notice, and shall be completed
within thirty (30) Days after the audited Party’s relevant records have been made available to the auditing Party. The independent
auditor shall be a major firm experienced in providing auditing services, and the Party appointing such auditor shall cause the auditor
to execute a confidentiality agreement reasonably acceptable to the Party being audited. If the audit discloses an error in any invoiced
amount under this Agreement, then the auditing Party shall, within thirty (30) Days following completion of the audit pertaining to the
affected invoice or statement, provide notice to the audited Party describing the error and the basis therefor. Promptly thereafter, the
Parties shall commence discussions regarding such error in order to expeditiously, and in good faith, achieve resolution thereof, provided
that any adjustments arising from such audit shall be made and all credits or charges finalized within forty-five (45) Days of completion
of any relevant audit.

 

		11.	Taxes

 

		11.1	Responsibility

 

Buyer shall indemnify and hold Seller
and its direct or indirect owners and Affiliates harmless from any and all Buyer Taxes, and Seller shall indemnify and hold Buyer and
its Affiliates harmless from any and all Seller Taxes.

 

		11.2	Seller Taxes

 

“Seller Taxes” means
any Taxes imposed from time to time:

 

		(a)	solely on account of the corporate existence of Seller or its Affiliates;

 

		(b)	in respect of the property, revenue, income, or profits of Seller or its Affiliates (other than Taxes
required to be deducted or withheld by Buyer from or in respect of any payments (whether in cash or in kind) under this Agreement);

 

		(c)	subject to Section ‎11.5, in the United States of America or any political
subdivision thereof, that may be levied or assessed upon the export, loading, storage, processing, transfer, transport, ownership of title,
or delivery of LNG, up to and at the Delivery Point; and

 

		(d)	payable by Buyer by reason of a failure by Seller to properly deduct, withhold or pay any Taxes described
in Section ‎11.4.

 

		11.3	Buyer Taxes

 

“Buyer Taxes” means
any Taxes imposed from time to time:

 

		(a)	solely on account of the corporate existence of Buyer or its Affiliates;

 

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		(b)	in respect of the property, revenue, income, or profits of Buyer or its Affiliates (other than Taxes required
to be deducted or withheld by Seller from or in respect of payments (whether in cash or in kind) under this Agreement);

 

		(c)	in the United States of America (or any political subdivision thereof) or in any jurisdiction in which
any of Buyer’s Discharge Terminals are located (or any political subdivision thereof), or any jurisdiction through which any LNG
Tanker transits or on which any LNG Tanker calls (or any political subdivision thereof), in each case that may be levied or assessed upon
the sale, use, purchase, import, unloading, export, loading, storage, processing, transfer, transport, ownership of title, receipt or
delivery of LNG after the Delivery Point; and

 

		(d)	payable by Seller by reason of a failure by Buyer to properly deduct, withhold or pay any Taxes described
in Section ‎11.4.

 

		11.4	Withholding Taxes

 

If
Seller or Buyer (in either case, the “Payor” for purposes of this Section ‎11.4), is
required to deduct or withhold Taxes from or in respect of any payments (whether in cash or in kind) to the other Party under this Agreement,
then: (a) the Payor shall make such deductions and withholdings; (b) the Payor shall pay the full amount deducted or withheld
to the appropriate Governmental Authority in accordance with Applicable Laws; (c) the Payor shall promptly furnish to the other Party
the original or a certified copy of a receipt evidencing such payment; and (d) the sum payable by the Payor to the other Party shall
be increased by such additional sums as necessary so that after making all required deductions and withholdings of Taxes (including deductions
and withholdings of Taxes applicable to additional sums payable under this Section ‎11.4),
the other Party receives an amount equal to the sum it would have received had no such deductions or withholdings of Taxes been made.
For the avoidance of doubt, the payment mechanism described in this Section ‎11.4
does not affect the Tax rights and responsibilities among the Parties provided under Section ‎11.1.

 

		11.5	Transfer Taxes

 

In
the event that the United States of America or any political subdivision thereof, including the State of Louisiana or any of its political
subdivisions, levies or assesses a value added Tax, sales or use Tax, or other transfer Tax (“Transfer Taxes”) on the
transfer of LNG pursuant to this Agreement, then unless Buyer has demonstrated an exemption that excuses Seller from any requirement under
Applicable Laws to collect such Transfer Taxes from Buyer (including the provision of any exemption certificate or other documentation
required to demonstrate such exemption), Seller shall (a) add such Transfer Taxes to the invoice for such LNG issued pursuant to
Section ‎10.1 or (b) promptly notify Buyer and remit such Transfer Taxes to the appropriate Governmental
Authority, in which case, pursuant to Section ‎10.1.4,
Seller shall furnish Buyer with an invoice of the Transfer Taxes required to be reimbursed to Seller, and Buyer shall pay such invoice
in accordance with Section ‎10.2.4. Buyer shall remain
liable for any Transfer Taxes imposed on Seller as a result of Buyer’s failure to qualify for an exemption claimed by Buyer.

 

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		11.6	Mitigation and Cooperation

 

Each
Party shall use reasonable efforts to take actions or measures requested by the other Party in order to minimize liabilities for Taxes
for which the other Party is liable under this Section ‎11, and to file for and secure exclusions, exemptions,
rebates, credits, refunds, abatement and incentives with respect to any such Taxes, provided that the other Party shall pay such
Party’s reasonable costs and expenses in relation thereto. Buyer shall provide Seller with information and documents requested by
Seller for purposes of Seller qualifying for or benefitting from any and all exclusions, exemptions, rebates, credits, refunds, abatement
and incentives of any Taxes for which Seller is liable under this Section ‎11.

 

		11.7	Refunds

 

If
a Party has made an indemnification payment to the other Party pursuant to this Section ‎11 with respect
to any amount owed or paid by the indemnified Party and the indemnified Party thereafter receives a refund or credit of any such amount,
such indemnified Party shall pay to the indemnifying Party the amount of such refund or credit (less any reasonable costs and expenses
incurred by the indemnified Party to obtain such refund or credit, without duplication of any such costs or expenses paid by the indemnifying
Party under Section ‎11.6) promptly following the receipt
thereof. The indemnified Party shall provide such assistance as the indemnifying Party may reasonably request to obtain such a refund
or credit.

 

		12.	Quality and Emissions Reporting

 

		12.1	Specification

 

LNG delivered under this Agreement
shall contain no water, active bacteria or bacterial agents (including sulphate reducing bacteria or acid producing bacteria) or
other contaminants or extraneous material and, when converted into a gaseous state, shall comply with the following specifications
(“Specifications”):

 

	Minimum Gross Heating Value	1000 Btu/SCF

 

	Maximum Gross Heating Value	1150 Btu/SCF

 

	Minimum Methane (C1)	84.0 MOL%

 

	Maximum Hydrogen Sulfide (H2S)	0.25 grains per 100 SCF

 

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	Maximum Sulfur (S)	1.35 grains per 100 SCF

 

	Maximum Nitrogen (N2)	1.5 MOL%

 

	Maximum Ethane (C2)	8 MOL%

 

	Maximum Propane (C3)	3.5 MOL%

 

	Maximum Butane (C4) and heavier	2 MOL%

 

		12.2	Determining LNG Specifications

 

LNG shall be tested pursuant to Exhibit A
to determine whether such LNG complies with the Specifications.

 

		12.3	Off-Specification LNG

 

		12.3.1	If Seller, acting as a Reasonable and Prudent Operator, determines prior to loading of an LNG cargo that
the LNG is expected not to comply with the Specifications (“Off-Spec LNG”) upon loading, Seller shall, as soon as reasonably
practicable, suspend loading and shall give notice to Buyer of the extent of the expected variance as soon as practicable (but in no case
later than the commencement of loading of the cargo), and:

 

		(a)	Buyer shall use reasonable efforts, including coordinating with the Transporter and the operator of the
Discharge Terminal, to accept such Off-Spec LNG where the Off-Spec LNG would be acceptable to the Transporter and the operator of the
Discharge Terminal, each of them acting in their sole discretion (unless Transporter or such operator is Buyer or an Affiliate of Buyer),
and would not prejudice the safe and reliable operation of any LNG Tanker, the Discharge Terminal, and any downstream facilities being
supplied regasified LNG; Buyer shall notify Seller within forty-eight (48) hours of receipt of Seller’s notice whether Buyer is
so able to accept such Off-Spec LNG;

 

		(b)	if Buyer can accept delivery of such cargo, then Buyer shall take delivery of such cargo, and Seller shall
reimburse Buyer for all reasonable documented direct costs incurred by Buyer (including direct costs owed to any Affiliate of Buyer, Transporter,
and the operator of the Discharge Terminal) in transporting and treating such Off-Spec LNG to meet the Specifications (or to otherwise
make such Off-Spec LNG marketable); provided, however, Seller’s liability shall not exceed twenty percent (20%) of the CSP
for such cargo, multiplied by the quantity (in MMBtu) of the Off-Spec LNG; and

 

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		(c)	if Buyer determines in good faith that it cannot, using reasonable efforts, receive such cargo, or that
Buyer anticipates that it might be liable for costs that would not otherwise be reimbursed pursuant to Section ‎12.3.1(b),
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, and Buyer shall be relieved of its obligation to load such cargo, Seller shall be deemed to have failed
to make available such cargo and Section ‎5.6.2 shall apply in respect of such cargo.

 

		12.3.2	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 upon Buyer or Seller becoming aware that the LNG is Off-Spec LNG and following prompt notice thereof to
the other Party, Seller shall immediately suspend loading operations (if applicable) pending a determination by Buyer and:

 

		(a)	if Buyer is able, using reasonable efforts, to transport and treat the Off-Spec LNG to meet the Specifications
(or to otherwise make such LNG marketable) within the cost limitations set forth in this Section ‎12.3.2(a),
then Buyer shall notify Seller as soon as practicable to resume loading (if applicable) and Seller shall reimburse Buyer for all reasonable
documented direct costs and expenses incurred by Buyer (including direct costs owed to any Affiliate of Buyer, Transporter, and the operator
of the Discharge Terminal) in transporting and treating such Off-Spec LNG received at the Discharge Terminal to meet the Specifications
(or to otherwise make such LNG marketable), in an amount not exceeding one hundred percent (100%) of the CSP for such cargo, multiplied
by the quantity (in MMBtu) of the Off-Spec LNG so delivered; provided, however, that Buyer, any Affiliate of Buyer, Transporter,
and the operator of the Discharge Terminal shall not be required to incur costs in excess of those reimbursable by Seller; or

 

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		(b)	if Buyer determines in good faith that it cannot, using reasonable efforts, transport and treat such Off-Spec
LNG to meet the Specifications (or to make such Off-Spec LNG marketable) within the cost limitations set forth in Section ‎12.3.2(a),
then: (i) 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 ninety-six (96) hours after (A) Seller notifies Buyer that such LNG is Off-Spec LNG and the actual extent to which
such Off-Spec LNG does not comply with the Specifications or (B) Buyer becomes aware that such LNG is Off-Spec LNG, whichever occurs
first; (ii) Buyer shall be entitled to dispose of the loaded 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 Operator, deems appropriate; and (iii) Seller
shall reimburse Buyer in respect of and indemnify and hold harmless Buyer from all direct loss, damages, costs and expenses incurred by
Buyer, any Affiliate of Buyer, Transporter or the operator of the Discharge Terminal (if, and only to the extent that, Buyer is contractually
liable to such Transporter or operator) 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 the Discharge Terminal or being carried onboard the LNG Tanker which
was contaminated by it, cleaning or clearing the LNG Tanker and Discharge Terminal, and damage caused to the LNG Tanker and Discharge
Terminal.

 

		12.3.3	If Buyer rejects an LNG cargo in accordance with Section ‎12.3.1(c) or ‎12.3.2(b),
Seller shall be deemed to have failed to make available such cargo, and the Scheduled Cargo Quantity for such cargo shall be treated as
a Cargo DoP Quantity resulting in a Cargo DoP Payment under Section ‎5.6.2. If Buyer accepts a cargo of Off-Spec
LNG in accordance with Section ‎12.3.1(b) or transports and treats a cargo of Off-Spec LNG in accordance with
Section ‎12.3.2(a), Seller shall be deemed to have satisfied its obligation to make available such LNG to Buyer
for purposes of Section ‎5.6.1.

 

		12.4	Emissions Reporting

 

Not later than the last Day of each Month,
starting on the second Month after the Month in which the First DFCD occurs, Seller shall provide a written report to Buyer, in form and
substance determined by Seller acting in good faith, that sets forth information regarding certain carbon dioxide and methane emissions
associated with each LNG cargo delivered hereunder in the prior Month. Seller shall use reasonable efforts to ensure the form of the report
complies with any prudent industry practices related to carbon dioxide and methane reporting that are followed by the operators of similar
LNG liquefaction terminals in the Gulf Coast of the United States of America. Seller shall cause such report to comply with any Applicable
Laws applicable to Seller and its sale of LNG hereunder, and at Buyer’s costs, shall use commercially reasonable efforts to cause
such reports to comply with any Applicable Laws applicable to Buyer and its purchase of LNG hereunder, including in connection with a
Buyer’s current or prospective eligibility for any environmental incentives.

 

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		13.	Measurements and Tests

 

		13.1	LNG Measurement and Tests

 

LNG delivered to Buyer, and Gas used as
fuel by the LNG Tanker, pursuant to this Agreement shall be measured and tested in accordance with Exhibit A.

 

		13.2	Parties to Supply Devices

 

		13.2.1	Buyer shall supply, operate and maintain, or cause to be supplied, operated and maintained, suitable gauging
devices for the LNG tanks of the LNG Tanker, as well as pressure and temperature measuring devices, in accordance with Section ‎13.3
and Exhibit A, and any other measurement, gauging or testing devices which are incorporated in the structure of such LNG Tanker
or customarily maintained on shipboard.

 

		13.2.2	Seller shall supply, operate and maintain, or cause to be supplied, operated and maintained, devices required
for collecting samples and for determining quality and composition of the delivered LNG, in accordance with Section ‎13.3
and Exhibit A, and any other measurement, gauging or testing devices which are necessary to perform the measurement and testing
required hereunder at the Loading Port.

 

		13.3	Selection of Devices

 

Each
device provided for in this Section ‎13 shall be selected and verified in accordance with Exhibit A.
Any devices that are provided for in this Section ‎13
not previously used in an existing LNG trade shall be chosen by written agreement of the Parties and shall be such as are, at the time
of selection, accurate and reliable in their practical application. The required degree of accuracy of such devices shall be agreed in
writing by Buyer and Seller in advance of their use, and such degree of accuracy shall be verified by an independent surveyor agreed in
writing by the Parties.

 

		13.4	Tank Gauge Tables of LNG Tanker

 

Buyer shall furnish to Seller, or cause
Seller to be furnished, a certified copy of tank gauge tables as described in Exhibit A for each LNG tank of the LNG Tanker
and of tank gauge tables revised as a result of any recalibration of an LNG tank of an LNG Tanker.

 

		13.5	Gauging and Measuring LNG Volumes Loaded

 

Volumes of LNG delivered under this Agreement
will be determined by gauging the LNG in the LNG tanks of the LNG Tanker immediately before and after loading and taking into account
Gas returned to the Driftwood LNG Terminal and Gas burned by the LNG Tanker during loading, all in accordance with the terms of Exhibit A.

 

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		13.6	Samples for Quality Analysis

 

Representative samples of the delivered
LNG shall be obtained by Seller as provided in Exhibit A.

 

		13.7	Quality Analysis

 

The
samples referred to in Section ‎13.6 shall be analyzed in accordance with the terms of Exhibit A,
in order to determine the molar fractions of the hydrocarbons and components in the sample.

 

		13.8	Operating Procedures

 

		13.8.1	Prior to carrying out measurements, gauging and analyses hereunder, the Party responsible for such operations
shall notify the designated representative(s) of the other Party, allowing such representative(s) a reasonable opportunity to
be present for all operations and computations; provided, however, that the absence of such representative(s) after notification
and reasonable opportunity to attend shall not affect the validity of any operation or computation thereupon performed.

 

		13.8.2	At the request of either Party, any measurements, gauging and/or analyses provided for in Sections
‎13.5, ‎13.6, ‎13.7 and ‎13.10.1 shall be witnessed
and verified by an independent surveyor agreed in writing by the Parties. The results of verifications and records of measurement shall
be maintained in accordance with the terms of Exhibit A.

 

		13.9	MMBtu Quantity Delivered

 

The number of MMBtus sold and delivered
shall be calculated at the Delivery Point by Seller and witnessed and verified by an independent surveyor agreed in writing by the Parties
following the procedures set forth in Exhibit A.

 

		13.10	Verification of Accuracy and Correction for Error

 

		13.10.1	Each Party shall test and verify the accuracy of its devices at intervals to be agreed between the Parties.
In the case of gauging devices of the LNG Tanker, such tests and verifications shall take place during each scheduled dry-docking, provided
that the interval between such dry dockings shall not exceed five (5) years. Indications from any redundant determining devices should
be reported to the Parties for verification purposes. Each Party shall have the right to inspect and if a Party reasonably questions the
accuracy of any device, to require the testing or verification of the accuracy of such device in accordance with the terms of Exhibit A.

 

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		13.10.2	Permissible tolerances of the measurement, gauging and testing devices shall be as described in Exhibit A.

 

		13.11	Costs and Expenses

 

		13.11.1	Except as provided in this Section ‎13.11, all costs and expenses for testing and
verifying measurement, gauging or testing devices shall be borne by the Party whose devices are being tested and verified; 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.

 

		13.11.2	In the event that a Party inspects or requests the testing/verification of any of the other Party’s
devices on an exceptional basis in each case as provided in Section ‎13.10.1, the Party requesting the testing/verification
shall bear all costs thereof; provided, however, that in the event that such testing or verification discloses that the other Party’s
devices fail to comply with the requirements of this Agreement, all costs and expenses for such testing and verification of the devices
that failed to comply shall be borne by the Party whose devices were tested.

 

		13.11.3	The costs of the independent surveyor:

 

		(a)	requested by a Party in accordance with Section ‎13.8.2 or paragraph
3(a) of Exhibit A shall be borne by the requesting Party; and

 

		(b)	referred to in Section ‎13.9 shall be borne equally by Buyer and Seller.

 

		14.	Force Majeure and Upstream FM

 

		14.1	Force Majeure

 

Neither
Party shall be liable to the other Party for any delay or failure in performance under this Agreement if and to the extent such delay
or failure is a result of Force Majeure. To the extent that the Party so affected fails to use commercially reasonable efforts to overcome
or mitigate the effects of such events of Force Majeure, it shall not be excused for any delay or failure in performance that would have
been avoided by using such commercially reasonable efforts. Subject to the provisions of this Section ‎14,
the term “Force Majeure” shall mean any act, event or circumstance, whether of the kind described herein or otherwise,
that is not reasonably within the control of, does not result from the fault or negligence of, and would not have been avoided or overcome
by the exercise of reasonable diligence by, the Party claiming Force Majeure or an Affiliate of the Party claiming Force Majeure, such
Party and, as applicable, its Affiliate having observed a standard of conduct that is consistent with a Reasonable and Prudent Operator,
and that prevents or delays in whole or in part such Party’s performance of one or more of its obligations under this Agreement.

 

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		14.1.1	Force Majeure may include circumstances of the following kind, provided that such circumstances
satisfy the definition of Force Majeure set forth above:

 

		(a)	acts of God, a Governmental Authority, or a public enemy;

 

		(b)	subject to Section ‎14.7, strikes, lockout, or other industrial action;

 

		(c)	wars, blockades or civil disturbances of any kind; epidemics, actual or reasonably forecasted adverse
weather or sea conditions, fires, explosions, arrests and restraints of governments or people, acts of terrorism, acts of piracy and serious
threat of piracy;

 

		(d)	the breakdown or failure of, freezing of, breakage or accident to, or the necessity for making repairs
or alterations to any facilities or equipment of the Driftwood LNG Terminal, the liquefaction and loading facilities at any alternate
source pursuant to Section ‎3.1.2 or a Connecting Pipeline;

 

		(e)	in respect of Seller, loss of, accidental damage to, or inaccessibility to or inoperability of (i) the
Driftwood LNG Terminal, or any Connecting Pipeline or (ii) the liquefaction and loading facilities at any alternate source pursuant
to Section ‎3.1.2 and any Gas pipeline as may be directly connected thereto, and subject to Section ‎14.2.4;

 

		(f)	in respect of Buyer, events affecting the ability of any LNG Tanker to receive and transport LNG including
the unavailability of tug services, subject to Section ‎14.2.3;

 

		(g)	the withdrawal, denial, or expiration of, or failure to obtain, any Approval; and

 

		(h)	any blockages or delays affecting transit that are not ordinary course operations of the Panama canal,
the Suez canal, or any facilities or infrastructure associated therewith.

 

		14.1.2	Nothing in this Section ‎14.1 shall be construed to require a Party to observe
a higher standard of conduct than that required of a Reasonable and Prudent Operator as a condition to claiming the existence of Force
Majeure.

 

		14.2	Limitations on Force Majeure

 

		14.2.1	Indemnity and Payment Obligations. Notwithstanding Section ‎14.1, no Force
Majeure shall relieve, suspend, or otherwise excuse either Party from performing any obligation to indemnify, reimburse, hold harmless
or otherwise pay the other Party under this Agreement.

 

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		14.2.2	Events Not Force Majeure. The following events shall not constitute Force Majeure:

 

		(a)	a Party’s inability to finance its obligations under this Agreement or the unavailability of funds
to pay amounts when due in the currency of payment;

 

		(b)	the unavailability of, or any event affecting, any facilities at or associated with any loading port or
unloading port (or downstream of an unloading port) other than the Driftwood LNG Terminal or any alternate source agreed by the Parties
pursuant to Section ‎3.1.2;

 

		(c)	the ability of Seller or Buyer to obtain better economic terms for LNG or Gas from an alternative supplier
or buyer, as applicable;

 

		(d)	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 Gas, LNG or electric power markets;

 

		(e)	breakdown or failure of plant or equipment caused by normal wear and tear or by a failure to properly
maintain such plant or equipment;

 

		(f)	the non-availability or lack of economically obtainable Gas reserves;

 

		(g)	in the case of Seller, any event arising from an action or omission of (i) any Affiliate of Seller,
(ii) the contractor or sub-contractor or agent of Seller or Affiliate of Seller, or (iii) the operator of the Driftwood LNG
Terminal, in each case to the extent that, had Seller taken such action or experienced such event, such event would not constitute Force
Majeure pursuant to the provisions of this Section ‎14;

 

		(h)	in the case of Buyer, any event arising from an action or omission of (i) any Affiliate of Buyer,
(ii) any customer of Buyer scheduled to take delivery of LNG from Buyer at the Driftwood LNG Terminal, (iii) the contractor
or sub-contractor or agent of Buyer or Affiliate of Buyer, (iv) the operator of any part of any Discharge Terminal or (v) any
Transporter, in each case to the extent that, had Buyer taken such action or experienced such event, such event would not constitute Force
Majeure pursuant to the provisions of this Section ‎14; and

 

		(i)	any act, event or circumstance that satisfies the definition of Upstream FM.

 

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		14.2.3	LNG Tankers.

 

		(a)	Force Majeure relief in respect of Buyer for an event described in Section ‎14.1.1(f) affecting
a specific LNG Tanker shall only be available with respect to LNG cargoes that are scheduled to be transported on such LNG Tanker in the
applicable Ninety Day Schedule or ADP for such Contract Year, or (to the extent that the ADP for the following Contract Year has been
issued by Seller) in the ADP for the following Contract Year.

 

		(b)	With respect to any particular LNG cargo, Buyer shall not be entitled to claim Force Majeure relief for
an event affecting the LNG Tanker nominated for such LNG cargo if such LNG Tanker was affected by, or should reasonably have been expected
by Buyer or its customer utilizing such LNG Tanker (in each case acting as a Reasonable and Prudent Operator) to be affected by, such
Force Majeure event at the time it was nominated by Buyer pursuant to Sections ‎8.1.2 or ‎8.3,
as applicable, for the relevant LNG cargo.

 

		14.2.4	Alternative Sources. Force Majeure relief in respect of Seller for an event described in Section ‎14.1.1(e) affecting
an alternate LNG source or facility thereat agreed between the Parties pursuant to Section ‎3.1.2 shall (a) only
be available with respect to the LNG cargo that is scheduled to be loaded at the Loading Port of such facility in the ADP or applicable
Ninety Day Schedule for such Contract Year or, to the extent that the ADP for the following Contract Year has been issued, in the ADP
for such following Contract Year and (b) not be available for an event affecting such alternate LNG source or facility thereat if
such alternate LNG source or facility thereat was affected by such Force Majeure at the time it was nominated by Seller pursuant to Section ‎3.1.2
for the applicable LNG cargo.

 

		14.3	Upstream FM

 

		14.3.1	The Parties recognize that Seller’s obligation to make available LNG to Buyer is dependent upon
one or more of Seller’s Affiliates owning or contracting for the Upstream Assets. Subject to Sections ‎14.3.2,
‎14.3.4, and ‎14.3.6, and irrespective of Seller’s ability to otherwise perform
under this Agreement, Seller shall have no obligation to make available any LNG cargo with a Delivery Window scheduled in the ADP or Ninety
Day Schedule, as applicable, to occur during Upstream FM claimed by Seller (each such LNG cargo, an “Upstream FM Cargo”).
The operator of the affected Upstream Assets shall not have any obligation to purchase any Gas in order to overcome or mitigate the effects
of an event of Upstream FM. Seller and its Affiliates shall not have any obligation to purchase or take delivery of Gas or LNG to make
available Upstream FM Cargoes, other than Gas to produce Upstream FM Cargoes that Buyer has elected to take on an HH basis pursuant to
Section ‎14.3.4, in order to overcome or mitigate the effects of an event of Upstream FM. The term “Upstream
FM” shall mean any act, event or circumstance that is not reasonably within the control of and does not result from the fault
or negligence of Seller, its Affiliates, or the operator of the affected Upstream Assets, that would not have been avoided or overcome
by a Reasonable and Prudent Operator operating the affected Upstream Assets, and that, for at least seven (7) consecutive Days, results
in the total daily quantity of Gas deliveries from the Upstream Assets prior to or at Liquid Trading Points being reduced below a quantity
equal to (a) the total daily quantity of feed Gas required at the Gas metering station of the Driftwood LNG Terminal to produce LNG
for the Foundation Customers, multiplied by (b) one hundred five percent (105%). The non-availability or lack of economically
obtainable gas reserves shall not constitute Upstream FM.

 

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		14.3.2	Seller shall promptly provide notice to Buyer of any Upstream FM claimed by Seller. In its notice, Seller
shall specify each Upstream FM Cargo claimed at that time by Seller. From time to time thereafter, Seller may provide additional notices
to specify any additional Upstream FM Cargoes claimed by Seller at the time of such notices. Seller’s notices specifying Upstream
FM Cargoes claimed by Seller shall only include LNG cargoes with Delivery Windows that commence no earlier than one hundred and twenty
(120) hours after the time Seller provides such notice. Seller shall promptly provide notice to Buyer at the time Seller ends its claim
of Upstream FM.

 

		14.3.3	If, in connection with any Upstream FM claimed by Seller, Seller or its Affiliates have received any force
majeure notices from operators of the Upstream Assets, Seller shall promptly provide a copy of each such force majeure notice to Buyer.

 

		14.3.4	Notwithstanding Section ‎14.3.1, Buyer shall have the right, in its sole discretion,
to elect to take, on an HH basis, one or more Upstream FM Cargoes if Buyer provides notice of such election to Seller by the later of
(i) forty-eight (48) hours of Seller providing notice pursuant to Section ‎‎14.3.2 claiming such LNG cargo(es)
as Upstream FM Cargo(es) and (ii) five (5) Days prior to the applicable Delivery Window. If Buyer makes such election by such
deadline, then (a) Seller shall not be excused, due to Upstream FM, from making available each such Upstream FM Cargo that Buyer
has elected to take on an HH basis, (b) Buyer shall take and pay for each such Upstream FM Cargo and (c) the CSP (expressed
in USD per MMBtu rounded to two decimal places) for each such Upstream FM Cargo for all purposes of this Agreement, including Sections
‎5.6 and ‎5.7, if applicable, shall be as follows:

 

CSP
= ([***] x HH) + US$[***]/MMBtu

 

where:

 

“HH”
means the final settlement price (in USD per MMBtu) for the New York Mercantile Exchange’s Henry Hub natural gas futures contract
for the Month in which the Delivery Window of the relevant Upstream FM Cargo is scheduled to begin in accordance with the ADP or Ninety
Day Schedule, as applicable.

 

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Buyer’s
election pursuant to this Section ‎14.3.4 in respect of a given Upstream FM Cargo shall be irrevocable.
If Buyer fails to notify Seller of Buyer’s election by the deadline specified in this Section ‎14.3.4
in respect of a given Upstream FM Cargo, then Buyer shall be deemed to have elected not to take the Upstream FM Cargo on an HH basis and
shall not be entitled, nor obligated or liable, to take the Upstream FM Cargo. If Buyer elects not to take, or is deemed to have elected
not to take, any Upstream FM Cargo on an HH basis, Seller shall be free to dispose of the Upstream FM Cargo at its sole discretion, without
compensation to Buyer.

 

		14.3.5	During the occurrence of Upstream FM claimed by Seller, Seller shall, and shall cause its Affiliates that
own or contract for Upstream Assets, to use commercially reasonable efforts to overcome or mitigate the effects of the Upstream FM.

 

		14.3.6	Seller shall comply with the Foundation Customer Priority in allocating any LNG that is made available
at the Driftwood LNG Terminal during the occurrence of Upstream FM claimed by Seller, commencing one hundred and twenty (120) hours after
Seller provides notice to Buyer claiming such Upstream FM.

 

		14.3.7	Where Seller has claimed Upstream FM in accordance with Section ‎‎14.3.2, and
Seller (i) elects to purchase or take delivery of Gas or LNG to make available (other than as a result of Buyer’s election
in Section ‎‎14.3.4), or (ii) cures in whole or in part the effects of such Upstream FM in respect of,
at least one (1) Upstream FM Cargo, Seller shall no longer be entitled to rely on such claim of Upstream FM, nor the event or circumstance
which gave rise to such claim of Upstream FM for any subsequent LNG cargo.

 

		14.4	Notification

 

A
Force Majeure event shall take effect at the moment such an event or circumstance occurs. Upon the occurrence of a Force Majeure event
that prevents, interferes with or delays the performance by Seller or Buyer, in whole or in part, of any of its obligations under this
Agreement, or upon the occurrence of an Upstream FM claim by Seller (to the extent the substance of the following notice is not already
included in any notice provided under Section ‎14.3), the Party affected shall 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:

 

		14.4.1	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;

 

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		14.4.2	the particulars of the program to be implemented to resume normal performance under this Agreement;

 

		14.4.3	the anticipated quantity of LNG scheduled in the ADP for a Contract Year that will not be made available
or taken, as the case may be, by reason of Force Majeure or Upstream FM, as applicable; and

 

		14.4.4	in the case of Upstream FM, such supporting information as may be required by Buyer (acting reasonably)
to demonstrate the occurrence of an Upstream FM in accordance with Section ‎14.3.1.

 

Such
notices shall thereafter be updated at least monthly during the period of such claimed Force Majeure or Upstream FM (as applicable) specifying
the actions being taken to remedy the circumstances causing such Force Majeure or Upstream FM (as applicable). For clarity, and without
prejudice to Section ‎14.3.7, neither Party shall be obligated to claim Force Majeure or Upstream FM (as
applicable) in respect of any particular event or circumstance, and neither Party shall be restricted from ending its claim of Force Majeure
or Upstream FM (as applicable) regardless of any particular event or circumstance.

 

		14.5	Measures

 

Prior to resumption of normal performance,
the Parties shall continue to perform their obligations under this Agreement to the extent not excused by such event of Force Majeure
or event of Upstream FM.

 

		14.6	No Extension of Term

 

The Term shall not be extended as a result
of or by the duration of an event of Force Majeure or event of Upstream FM.

 

		14.7	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 in this Agreement
shall require such Party to settle industrial disputes by yielding to demands made on it when it considers such action inadvisable.

 

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		14.8	Foundation Customer Priority

 

Notwithstanding
any other provision in this Section ‎14, during any event of Force Majeure affecting Seller, Seller shall
apportion the remaining LNG available for loading at the Driftwood LNG Terminal according to the Foundation Customer Priority. “Foundation
Customer Priority” means that Buyer and other Foundation Customers will receive priority over Persons who are not Foundation
Customers for receiving the remaining LNG available for loading at the Driftwood LNG Terminal in the following manner: all such LNG will
be allocated, to the extent practicable, to Buyer based upon the proportionate share of Buyer’s AACQ to the sum of all Foundation
Customers’ adjusted annual contract quantities (including Buyer’s AACQ), and to each other Foundation Customer based upon
the proportionate share of such Foundation Customer’s adjusted annual contract quantity to the sum of all Foundation Customers’
adjusted annual contract quantities (including Buyer’s AACQ), in each case, without regard to whether the underlying event affects
Plant 1, Plant 2 or any other Plant.

 

		15.	Liabilities and Indemnification

 

		15.1	General

 

Subject
to Section ‎15.2, and without prejudice to any indemnity provided under this Agreement, Seller shall be
liable to Buyer, and Buyer shall be liable to Seller, for any loss which has been suffered as a result of the breach by the Party liable
of any one or more of its obligations under this Agreement, to the extent that the Party liable should reasonably have foreseen the loss.

 

		15.2	Limitations on Liability

 

		15.2.1	Incidental and Consequential Losses. Neither Party shall be liable to the other Party hereunder
as a result of any act or omission in the course of or in connection with the performance of this Agreement, for or in respect of:

 

		(a)	without prejudice to Sections ‎5.6.5, ‎5.7.8,
‎7.12.3, and ‎7.12.4, any indirect, incidental, consequential or exemplary
losses;

 

		(b)	without prejudice to Sections ‎5.6.5, ‎5.7.8,
‎7.12.3, and ‎7.12.4, any loss of income or profits, lost or increased
production costs, shutdown or loss of production, loss of use, loss of contract or loss of goodwill or business interruption;

 

		(c)	any failure of performance or delay in performance to the extent relieved by the application of Force
Majeure or Upstream FM in accordance with Section ‎14; or

 

		(d)	except as expressly provided under Sections ‎7.4.2, ‎7.6.2,
‎7.7.1, ‎7.13.2(c), and ‎25.5, any losses
arising from any Claim made or brought against the other Party by a Third Party.

 

		15.2.2	Exclusive Remedies. Without prejudice to Section ‎19, a Party’s sole
liability, and the other Party’s exclusive remedy, arising under or in connection with Sections ‎5.6, ‎5.7,
‎7.12.3, ‎7.12.4, ‎7.13.2(c) and ‎12.3
and this Section ‎15 shall be as set forth in each such provision, respectively.

 

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		15.2.3	Liquidated Damages. The Parties agree that it would be impracticable to determine accurately the
extent of the loss, damage and expenditure that either Party would have in the circumstances described in Sections ‎5.6,
‎5.7, ‎7.12.3 and ‎7.12.4. Accordingly, the Parties have estimated
and agreed in advance that the sole liability, and exclusive remedy for such circumstances shall be as provided in those Sections, and
neither Party shall have additional liability as a result of any such circumstances. Each amount described in or determined by the provisions
of Sections ‎5.6, ‎5.7, ‎7.12.3 and ‎7.12.4
is intended to represent a genuine pre-estimate by the Parties as to the loss or damage likely to be suffered by the Party receiving the
payment or benefit in each such circumstance. Each Party waives any right to claim or assert, in any arbitration or expert determination
pursuant to Section ‎20 in any action with respect to this Agreement, that any of the exclusive remedies set forth
in Sections ‎5.6, ‎5.7, ‎7.12.3 and ‎7.12.4
do not represent a genuine pre-estimate by the Parties as to the loss or damage likely to be suffered by the Party receiving the payment
or benefit in each such circumstance or otherwise are not valid and enforceable damages.

 

		15.2.4	Express Remedies. The Parties agree that Section ‎15.2.1 shall not impair
a Party’s obligation to pay the amounts specified in, or the validity of or limitations imposed by, Sections ‎5.6,
‎5.7, ‎7.12.3, ‎7.12.4, ‎7.13.2(c) and
‎12.3. Neither Party shall have a right to make a claim for actual damages (whether direct or indirect) or other
non-specified damages under any circumstances for which an express remedy or measure of damages is provided in this Agreement.

 

		15.2.5	Remedies in Contract. Except with respect to Claims for injunctive relief under Sections ‎18
and ‎20.1.11, a Party’s sole remedy against the other Party for nonperformance or breach of this Agreement
or for any other Claim of whatsoever nature arising out of or in relation to this 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 Losses suffered or Claims which arise out of, under or in any alleged breach of statutory duty or tortious act or omission
or otherwise.

 

		15.2.6	Seller Aggregate Liability for Certain Events.

 

		(a)	Notwithstanding any provision herein to the contrary, the maximum Seller Aggregate Liability as of any
given date in respect of any occurrence or series of occurrences shall not exceed the Seller Liability Cap.

 

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		(b)	“Seller Aggregate Liability” shall mean, as of any date of determination, any and all
liability of Seller to Buyer under this Agreement, excluding (i) any Seller liabilities under this Agreement for which Seller has
already made payment to Buyer as of such date, (ii) any liability caused by the gross negligence or willful misconduct of Seller
or any Affiliate of Seller, and (iii) any liability of Seller pursuant to Section ‎25.

 

		(c)	The “Seller Liability Cap”, as of any given time of determination, shall be an amount
(in USD) equal to USD [***] (US$ [***]).

 

		15.2.7	Buyer Liability Cap.

 

		(a)	Notwithstanding any provision herein to the contrary, the maximum Buyer Aggregate Liability as of any
given date in respect of any occurrence or series of occurrences shall not exceed the Buyer Liability Cap.

 

		(b)	“Buyer Aggregate Liability” shall mean, as of any date of determination, any and all
liability of Buyer to Seller under this Agreement, excluding (i) any Buyer liabilities under this Agreement for which Buyer has already
made payment to Seller as of such date, (ii) any liability caused by the gross negligence or willful misconduct of Buyer or any Affiliate
of Buyer, (iii) any amounts related to the indemnity obligation of Buyer set forth in Section ‎7.7.1,
and (iv) any liability of Buyer pursuant to Section ‎25.

 

		(c)	The “Buyer Liability Cap”, as of any given time of determination, shall be an amount
(in USD) equal to USD [***] (US$[***]).

 

		15.2.8	EXCEPT FOR WARRANTIES OF (I) TITLE AND (II) NO LIENS OR ENCUMBRANCES, AND SUBJECT TO THE
PROVISIONS OF THIS AGREEMENT CONCERNING THE QUALITY OF LNG TO BE DELIVERED UNDER THIS AGREEMENT, SELLER EXPRESSLY NEGATES ANY WARRANTY
WITH RESPECT TO LNG DELIVERED UNDER THIS AGREEMENT, WRITTEN OR ORAL, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY WITH RESPECT TO CONFORMITY
TO SAMPLES, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.

 

		15.3	Buyer’s Credit; Credit Support

 

		15.3.1	Buyer shall at all times maintain an Acceptable Credit Rating or provide or cause to be provided a Guaranty
to Seller.

 

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		15.3.2	In the event that Buyer is unable to comply with the requirements of Section ‎15.3.1,
or a guarantor that has provided a guaranty hereunder no longer has an Acceptable Credit Rating or is otherwise no longer an Acceptable
Guarantor, Buyer shall provide or cause to be provided to Seller either:

 

		(a)	a replacement Guaranty; or

 

		(b)	alternative credit support that complies with Section ‎15.3.3.

 

Any Guaranty or alternative credit support
required to be delivered to Seller pursuant to this Section ‎15.3.2 shall be delivered within thirty (30)
Days of such requirement arising.

 

		15.3.3	If Buyer is unable to provide a Guaranty or replacement Guaranty as contemplated by Section ‎15.3.2
then the following shall apply:

 

		(a)	Vitol Holding B.V. shall provide a Guaranty and
shall be deemed an Acceptable Guarantor at all times while Vitol Holding B.V. has a Tangible Net Worth equal to or greater than USD [***]
(US$[***]) and Buyer shall provide or cause to be provided an Acceptable Letter of Credit for USD [***] (US$[***]); and

 

		(b)	if at any time the Tangible Net Worth of Vitol
Holding B.V. falls below USD [***] (US$[***]), Buyer shall immediately notify Seller of such occurrence and, within one hundred
twenty (120) Days after Vitol Holding B.V. fails to meet such Tangible Net Worth test, Buyer shall either: (I) cause Vitol Holding
B.V. to increase its Tangible Net Worth such that it is equal to or greater than USD [***] (US$[***]) and provide or cause to be provided
to Seller a certification by an officer of Vitol Holding B.V. certifying that Vitol Holding B.V. has a Tangible Net Worth equal to or
greater than USD [***] (US$[***]) as of the date the certification is provided; or (II) provide or cause to be provided a replacement
Guaranty. Buyer shall provide Vitol Holding B.V.’s annual audited accounts promptly upon Seller’s request within twenty (20)
Business Days after such document becomes available to Vitol Holding B.V.

 

Any
letter of credit or guaranty required to be provided under this Section ‎15.3.3
shall be delivered within ten (10) Business Days of such requirement arising. Buyer shall ensure that each Acceptable Letter of Credit
provided hereunder: (1) has an effective term of no less than three hundred sixty-four (364) Days, (2) is renewed no less than
thirty (30) Days prior to its stated expiration date, and (3) at all times remains in place for the full face amount. With respect
to any Acceptable Letter of Credit provided by Buyer hereunder, if at any time the issuing institution no longer satisfies the definition
of Financial Institution, Buyer shall provide a replacement Acceptable Letter of Credit. Any such replacement Acceptable Letter of Credit
shall be provided by Buyer within ten (10) Business Days of such requirement arising.

 

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		15.3.4	If Buyer, or a guarantor that has provided a guaranty hereunder on behalf of Buyer, merges or consolidates,
sells, assigns, transfers, conveys or otherwise disposes of, whether such disposition is voluntary, involuntary or by merger, consolidation,
dissolution, operation of Applicable Law or any other manner, all or substantially all of its assets, or novates or assigns the guaranty,
then the surviving entity, asset purchaser or assignee, as the case may be, shall assume in writing or by operation of law the obligations
of Buyer or Buyer’s guarantor, as applicable. In the event the foregoing conditions are not satisfied, Buyer shall provide or cause
to be provided a replacement Guaranty, or if the surviving entity, asset purchaser or assignee, as the case may be, has a Tangible Net
Worth equal to or greater than USD [***] (US$[***]), Buyer shall provide or cause to be provided an Acceptable Letter of Credit for USD
[***] (US$[***]). Any Guaranty or Acceptable Letter of Credit required to be delivered to Seller pursuant to this Section ‎15.3.4
shall be delivered within thirty (30) Days of such requirement arising.

 

		15.4	Third Party Liability

 

	With respect to Third Party liabilities:

 

		(a)	If any Third Party shall notify either Party (the “Indemnified Party”) with respect
to any matter (a “Third Party Claim”) that may give rise to a claim for indemnification against the other Party (the
 “Indemnifying Party”) under this Section ‎15 or elsewhere in this Agreement, then the
Indemnified Party shall promptly notify the Indemnifying Party thereof in writing; provided, however, that no delay on the part
of the Indemnified Party in notifying the Indemnifying Party shall relieve the Indemnifying Party from any obligation hereunder unless
(and then solely to the extent) the Indemnifying Party thereby is materially prejudiced.

 

		(b)	The Indemnifying Party will have the right to defend against the Third Party Claim with counsel of its
choice reasonably satisfactory to the Indemnified Party so long as (i) the Indemnifying Party notifies the Indemnified Party in writing
within thirty (30) Days after the Indemnified Party has given notice of the Third Party Claim that the Indemnifying Party will indemnify
the Indemnified Party from and against any damages the Indemnified Party may suffer resulting from, arising out of, relating to, in the
nature of, or caused by the Third Party Claim; and (ii) the Indemnifying Party conducts the defense of the Third Party Claim actively
and diligently.

 

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		(c)	So long as the Indemnifying Party is conducting the defense of the Third Party Claim in accordance with
Section ‎15.4(b): (i) the Indemnified Party may retain separate co-counsel at its sole cost and expense
and participate in the defense of the Third Party Claim; (ii) the Indemnified Party will not consent to the entry of any judgment
or enter into any settlement with respect to the Third Party Claim without the prior written consent of the Indemnifying Party (which
consent shall not be unreasonably withheld or delayed); and (iii) the Indemnifying Party will not consent to the entry of any judgment
or enter into any settlement with respect to the Third Party Claim without the prior written consent of the Indemnified Party (which consent
shall not be unreasonably withheld or delayed).

 

		(d)	If either Party gives notice to the other Party of a Third Party Claim pursuant to the provisions of Section ‎15.4(a) and
the notified Party does not give notice that it will indemnify the notifying Party in the manner set out in Section ‎15.4(b),
the notifying Party shall nevertheless send copies of all pleadings and other documents filed in any such Third Party lawsuit to the notified
Party and such notified Party may have the right to participate in the defense of the Third Party Claim in any manner permitted by Applicable
Law.

 

		15.5	Seller’s Insurance

 

		15.5.1	Seller shall obtain and maintain or cause to be obtained and maintained:

 

		(a)	insurance for the Driftwood LNG Terminal to the extent required by Applicable Law, and

 

		(b)	additional insurance, as is reasonably necessary and available on reasonable commercial terms, against
such other risks and at such levels as a Reasonable and Prudent Operator of a liquefaction terminal would obtain.

 

		15.5.2	Seller shall obtain or cause to be obtained the insurance required by Section ‎15.5.1
from a reputable insurer (or insurers) reasonably believed to have adequate financial reserves. Seller shall exercise its best efforts,
or shall cause the applicable insured Person to use its best efforts, to collect any amount due under such insurance policies.

 

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		15.6	Buyer’s Insurance

 

	 	Buyer shall ensure that insurances are
procured and maintained for each LNG Tanker in accordance with the following provisions. In all cases, such insurance shall establish
insurance coverages consistent with insurances to the standards which a ship owner operating reputable LNG vessels, as a Reasonable and
Prudent Operator, should observe in insuring LNG vessels of similar type, size, age and trade as such LNG Tanker. In this regard:

 

		(a)	Hull and Machinery Insurance shall be placed and maintained with reputable marine underwriters; and

 

		(b)	Protection & Indemnity Insurance (“P&I Insurance”) shall be placed and
maintained with full P&I indemnity cover in the ordinary course from a P&I Club, and such LNG Tanker shall be entered for insurance
with a P&I Club, including pollution liability standard for LNG vessel and Certificate of Financial Responsibility.

 

		16.	Safety

 

		16.1	General

 

	 	The Parties recognize the importance of
securing and maintaining safety in all matters contemplated in this Agreement, including the construction and operation of their respective
facilities and the LNG Tankers and transportation of LNG. It is their respective intentions to secure and maintain high standards of safety
in accordance with International Standards and the generally accepted standards prevailing in the LNG and LNG transportation industries
from time to time.

 

		16.2	Third Parties

 

		Both Parties shall use reasonable efforts to ensure that their respective employees, agents,
                                                                                 operators, Transporter, contractors and suppliers shall have due regard to safety and abide by the relevant regulations while they
                                                                                 are performing work and services in connection with the performance of this Agreement, including such work and services performed
                                                                                 within and around the area of the Driftwood LNG Terminal and on board the LNG Tankers.

 

		17.	Exchange of Information

 

		The Parties shall maintain close communication and mutually provide and shall use reasonable efforts
                                                                                  to exchange available information directly relevant to the fulfillment of the terms and conditions of this Agreement.

 

		18.	Confidentiality

 

		18.1	Duty of Confidentiality

 

		The (i) terms of this Agreement and (ii) any information disclosed by either Party to the
                                                                                  other Party in connection with this Agreement which is not:

 

		(a)	already known to the recipient from sources other than the other Party;

 

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		(b)	already in the public domain (other than as a result of a breach of the terms of this Section ‎18.1);
or

 

		(c)	independently developed by the recipient;

 

		shall be
                                                                                                                                                     “Confidential Information” and shall, unless otherwise agreed in writing by the disclosing Party, be kept
                                                                                                                                                     confidential and shall not be used by the receiving Party other than for a purpose connected with this Agreement or, except as
                                                                                                                                                     provided below, disclosed to Third Parties by the receiving Party. The Parties recognize that persons authorized to review the
                                                                                                                                                     Confidential Information under Section ‎18.2 may form mental impressions (i.e., impressions not
                                                                                                                                                     written or otherwise reduced to a record) regarding the Confidential Information. The use of these mental impressions by such
                                                                                                                                                     persons shall not be a violation of the restriction contained in this Section ‎18.1.

 

		18.2	Permitted Disclosures

 

		18.2.1	The Confidential Information, which either Party receives from the other, may be disclosed by such Party:

 

		(a)	to any Person who is such Party’s legal counsel, other professional consultant or adviser, Transporter,
insurer, accountant or construction contractor; provided that such disclosure is solely to assist the purpose for which such Person
was so engaged;

 

		(b)	to the operators of the Upstream Assets or Gas suppliers to Seller, but only (for purposes of this Section ‎18.2.1(b))
to the extent directly required for Seller to be able to perform its obligations under this Agreement;

 

		(c)	if required and to the extent required by the rules of any recognized stock exchange or agency established
in connection therewith upon which the securities of such Party or a company falling within Section ‎18.2.1(g) are
quoted;

 

		(d)	as may be required under federal or state securities or “Blue Sky” Applicable Laws;

 

		(e)	if required and to the extent required by the U.S. Department of Energy;

 

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		(f)	without limiting Section ‎18.2.1(d) or ‎(e),
if required and to the extent required by any Applicable Laws, or such Party becomes legally required (by oral questions, interrogatories,
request for information or documents, orders issued by any Governmental Authority or any other process) to disclose such information,
or to the extent necessary to enforce Sections ‎20.1 or ‎20.2 or any arbitration
award or binding decision of an Expert (including by filing Confidential Information in proceedings before a court or other competent
judicial authority) or to enforce other rights of a party to the Dispute; provided that such Party shall, to the extent practicable,
give prior notice to the other Party of the requirement and the terms thereof and shall cooperate with the other Party to minimize the
disclosure of the information, seek a protective order or other appropriate remedy, and if such protective order or other remedy is not
obtained, then such Party will furnish only that portion of such information that it is legally required to furnish;

 

		(g)	to any of its Affiliates or shareholders (or any company involved in the provision of advice to any such
Affiliate or shareholder for the purposes of this Agreement) and any employee of that Party or of a company to which disclosure is permitted
pursuant to this Section ‎18.2.1(g), but only (for purposes of this Section ‎18.2.1(g))
to the extent directly required for a Party to be able to perform its obligations under this Agreement;

 

		(h)	to any bona fide intended assignees of a Party’s interests under this Agreement;

 

		(i)	to any Third Party as reasonably necessary for the performance of a Party’s obligations under this
Agreement;

 

		(j)	to any arbitrator appointed in accordance with Section ‎20.1.4, to any Expert
appointed pursuant to Section ‎20.2.1, or to any other party to an arbitration or Expert proceeding arising
under or in connection with this Agreement, or to any witnesses appearing in an arbitration under Section ‎‎20.1
or in an Expert proceeding under Section ‎‎20.2; or

 

		(k)	to any Person reasonably required to see such Confidential Information, including Lenders, in connection
with any bona fide financing or offering or sale of securities by Seller, Driftwood, Buyer or any Affiliate or shareholder of any
of the foregoing, to comply with the disclosure or other requirements of Applicable Law or of financial institutions or other participants
(including rating agencies) in such financing, offering or sale.

 

		18.2.2	The Party making the disclosure shall ensure that any Person listed in Section ‎18.2.1(a),
‎(b), ‎(g), ‎(h), ‎(i), ‎(j) or
‎(k) to which it makes the disclosure (excluding any legal counsel, arbitrator or Expert already bound by
confidentiality obligations) undertakes to hold such Confidential Information subject to confidentiality obligations equivalent to those
set out in Section ‎18.1. In the case of a disclosure to an employee made in accordance with Section ‎18.2.1(g),
the undertaking shall be given by the company on its own behalf and in respect of all its employees.

 

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		18.2.3	Seller may disclose to other buyers and offtakers from the Driftwood LNG Terminal (including Foundation
Customers and Driftwood Buyers) Confidential Information related to scheduling, operations or other technical information to comply with
Seller’s performance of Section ‎8, but only to the extent directly required for Seller to discharge its
obligations to such buyers and offtakers under the applicable LNG sale and purchase agreements.

 

		18.3	Confidential Information Remedy

 

	 	The Parties acknowledge that breach of the
  provisions of this Section ‎18 shall cause irreparable injury for which monetary damages are inadequate, difficult
  to compute, or both. Accordingly, the Parties agree that the provisions of this Section ‎18 may be enforced by specific
  performance and that the non-breaching Party shall be entitled to injunctive relief (without posting any bond or other security) in
  order to enforce the provisions of this Section ‎18. Any such relief shall be in addition to, and not in lieu of, any
  legal or equitable damages available to such Party.

 

		18.4	Duration of Confidentiality

 

	 	The foregoing obligations with respect
to the Confidential Information shall remain in effect for three (3) years after this Agreement is terminated or expires.

 

		18.5	Mental Impressions

 

		Each Party enters
                            into this Agreement as principals on an arm’s-length basis (and not as agents or in another capacity,
                            fiduciary or otherwise) and acknowledge that nothing herein shall obligate each Party to enter into any future
                            agreements or business arrangements of any kind with each other or any of each Party’s Affiliates.
                            Each Party acknowledges and agrees that (i) each Party may be in the commodity trading business, (ii) each
                            Party’s trading activities may, from time-to-time, be adverse to the trading or market positions of
                            the other, (iii) each Party may use its commodity trading expertise when reviewing the Confidential
                            Information, (iv) as part of such review, each Party may disclose the Confidential Information as reasonably
                            necessary for the purpose of onsale of the LNG volumes under this Agreement, to its employees, including
                            traders, who may discuss such Confidential Information internally in consideration of this Agreement and
                            who may retain mental impressions thereof, (v) such retained mental impressions shall be kept confidential
                            in accordance with this Section ‎18, but will not limit such Party’s ability to engage
                            in any trading or other related activities or work on projects related to this Agreement (including any hedging
                            arrangements), and (vi) such retained mental impressions shall not preclude either Party from developing
                            internal pricing and valuation models relating to performance of this Agreement or onsale of LNG under this
                            Agreement with the other Party or otherwise.

 

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		18.6	Public Announcements

 

		No press release concerning the execution of this Agreement or resolution of any Disputes shall be
                                                                               issued unless agreed by the Parties.

 

		19.	Default and Termination

 

		19.1	Right to Suspend Performance

 

		19.1.1	Seller Right to Suspend. If (A) Seller has not received payment in respect of any amounts
due under any invoice(s) under this Agreement totaling in excess of USD [***] (US$[***]) within five (5) Business Days after
the due date thereof, or (B) Buyer is not in compliance with Section ‎15.3, then without prejudice to any
other rights and remedies of Seller arising under this Agreement or by Applicable Laws or otherwise, upon giving five (5) Business
Days’ notice to Buyer:

 

		(a)	Seller may suspend delivery of any or all subsequent LNG cargoes until (i) the amounts outstanding
under such invoice(s) and interest thereon have been paid in full, or (ii) Buyer is in compliance with Section ‎15.3,
as the case may be.

 

		(b)	In the event of such suspension, Buyer shall not be relieved of any of its obligations under this Agreement,
and the provisions of Sections ‎5.7.2 to ‎5.7.7 shall apply with respect to each
LNG cargo scheduled in the ADP or Ninety Day Schedule which is not delivered during the suspension.

 

		(c)	During the period that such suspension is effective, Seller shall have no obligation to make available
LNG to Buyer.

 

		19.1.2	Buyer Right to Suspend. Without prejudice to its rights under the Termination Event set out in
Section ‎19.2.1, if a Bankruptcy Event has occurred with respect to Seller, Buyer shall be entitled to suspend
by written notice to Seller the performance of its obligations under this Agreement to take and pay for LNG, until such Bankruptcy Event
is no longer occurring with respect to Seller. Buyer’s right to suspend shall not excuse Buyer from paying for LNG taken prior to
the suspension.

 

		19.2	Termination Events

 

		The following circumstances (each, a “Termination Event”) shall give rise to the
                                                                                right of termination by the Party so indicated:

 

		19.2.1	in respect of either Party or a guarantor that has provided a guaranty hereunder on behalf of Buyer, if
a Bankruptcy Event has occurred with respect to the other Party (or, in respect of Seller only, of such guarantor);

 

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		19.2.2	in respect of either Party, if the other Party fails to pay or cause to be paid any amount or amounts
in the aggregate due in connection with this Agreement that are in excess of USD [***] (US$[***]), for a period of ten (10) Days
or more following the due date of the relevant invoice;

 

		19.2.3	in respect of either Party, violation of Sections ‎25.2.1(b) or ‎25.4(b) by
the other Party;

 

		19.2.4	in respect of either Party, if the other Party fails to comply with Section ‎21;

 

		19.2.5	in respect of either Party, in accordance with Section ‎2.3.4;

 

		19.2.6	in respect of Seller, if Buyer fails to comply with Section ‎15.3;

 

		19.2.7	in respect of Seller, if (a) Buyer or any guarantor under any guaranty delivered to Seller pursuant
to the terms of this Agreement fails to execute any Direct Agreement with Seller’s, Seller’s Affiliates’, Tellurian
Inc.’s or Driftwood’s Lenders within sixty (60) Days after Seller’s request thereof, provided that such Direct
Agreement complies with the requirements in Section ‎21.4.2, or (b) in connection with any financing, Buyer
fails to provide to the Lenders and the Lenders’ Agent any legal opinion that complies with the requirements in Section ‎21.4.1
within sixty (60) Days after Seller’s request thereof;

 

		19.2.8	in respect of Buyer, if (a) Seller has declared Force Majeure and/or Upstream FM one (1) or
more times and the interruptions resulting from such Force Majeure and/or Upstream FM total twenty-four (24) Months during any thirty-six
(36) Month period, and (b) such Force Majeure and/or Upstream FM have resulted in Seller not making available [***] percent ([***]%)
or more of the annualized ACQ during such periods of Force Majeure and/or Upstream FM, collectively (provided that LNG that Buyer
elects to take on an HH basis pursuant to Section ‎14.3.4 and that Seller makes available shall be considered made
available for the purposes of this Section ‎19.2.8(b));

 

		19.2.9	in respect of Seller, if (a) Buyer has declared Force Majeure one or more times and the interruptions
resulting from such Force Majeure total twenty-four (24) Months during any thirty-six (36) Month period, and (b) such Force Majeure
has resulted in Buyer not taking [***] percent ([***]%) or more of the annualized ACQ during such periods of Force Majeure (provided
that LNG that Buyer elects to take on an HH basis pursuant to Section ‎14.3.4 and that Buyer takes shall be considered
taken for the purposes of this Section ‎19.2.9(b));

 

		19.2.10	in respect of either Party, pursuant to the terms of Section ‎4.4 as applicable
to such Party;

 

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		19.2.11	in respect of either Party, violation of Section ‎25.1 by the other Party;

 

		19.2.12	in respect of Buyer, if Seller fails to make available (as such obligation for any LNG cargo is set forth
in Section ‎5.6.1), [***] percent ([***]%) of the LNG cargoes scheduled in any given twelve (12) Month period (provided
that LNG that Buyer elects to take on an HH basis pursuant to Section ‎14.3.4 and that Seller makes available shall
be considered made available for the purposes of this Section ‎19.2.12);

 

		19.2.13	in respect of Seller, if Buyer fails to take (as such obligation for any LNG cargo is set forth in Section ‎5.7.1),
[***] percent ([***]%) of the LNG cargoes scheduled in any given twelve (12) Month period (provided that LNG that Buyer elects
to take on an HH basis pursuant to Section ‎14.3.4 and that Buyer takes shall be considered taken for the purposes
of this Section ‎19.2.13);

 

		19.2.14	in respect of Buyer, if, prior to the application of Section ‎15.2.6(a), Seller
Aggregate Liability exceeds the Seller Liability Cap;

 

		19.2.15	in respect of Seller, if, prior to the application of Section ‎15.2.7(a), Buyer
Aggregate Liability exceeds the Buyer Liability Cap; and

 

		19.2.16	in respect of Buyer, if Seller makes available [***] percent ([***]%) or more of the LNG cargoes scheduled
in any given twelve (12) Month period to Buyer from any alternate source pursuant to Section ‎3.1.2.

 

		19.3	Termination

 

		19.3.1	Notice of Termination. Upon the occurrence of any Termination Event, the Party which has the right
under Section ‎19.2 to terminate this Agreement (“Terminating Party”) may give notice thereof
to the other Party, specifying in reasonable detail the nature of such Termination Event.

 

		19.3.2	Timing. Except with respect to the Termination Events described in Section ‎19.3.3
and ‎19.3.4, at any time after the expiry of a period of forty-five (45) Days after the Terminating Party gave
notice of a Termination Event pursuant to Section ‎19.3.1, unless the circumstances constituting the Termination
Event have been fully remedied or have ceased to apply, the Terminating Party may terminate this Agreement with immediate effect by giving
notice of such termination to the other Party.

 

		19.3.3	Certain
                                            Events. Upon the occurrence of a Termination Event described in Sections ‎19.2.1,
                                            ‎19.2.3, ‎19.2.4, ‎19.2.5,
                                            ‎19.2.6, ‎19.2.7, ‎19.2.8,
                                            ‎19.2.9, ‎19.2.10, ‎19.2.11,
                                            ‎19.2.12, ‎19.2.13 or ‎19.2.16
                                            the Terminating Party’s notice pursuant to Section ‎19.3.1
                                            shall terminate this Agreement immediately.

 

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		19.3.4	Liability Cap. In the case of a Termination Event under Section ‎19.2.14
or ‎19.2.15, if:

 

		(a)	the non-defaulting Party has provided notice specifying such Termination Event to the defaulting Party;

 

		(b)	within forty (40) Days after receipt by the defaulting Party of such notice, the event has not been resolved
by the defaulting Party (i) paying to the non-defaulting Party an amount equal to the amount by which Seller Aggregate Liability
(prior to the application of Section ‎15.2.6(a)) or Buyer Aggregate Liability (prior to the application
of Section ‎15.2.7(a)), as applicable, exceeds the Seller Liability Cap or Buyer Liability Cap, as applicable,
and (ii) executing (together with the applicable non-defaulting Party) an amendment to this Agreement to increase the Seller Liability
Cap or Buyer Liability Cap, as applicable, by an additional [***] percent ([***]%); provided, however, that the cure period under
this Section ‎19.3.4(b) shall apply only to the first time that such Termination Event arises under
this Agreement in respect of a given defaulting Party and shall not apply in the case of subsequent times that a Termination Event arises
under Section ‎19.2.14 or ‎19.2.15 in respect of the same Party; and

 

		(c)	the non-defaulting Party issues a termination notice, in the case of the first time a Termination Event
arises under Section ‎19.2.14 or ‎19.2.15, as applicable, in respect of
the defaulting Party, not earlier than the expiration of the cure period provided in Section ‎19.3.4(b) and
not later than ninety (90) Days after such expiration, and in the case of any subsequent time that such Termination Event arises under
this Agreement, not later than ninety (90) Days after the non-defaulting Party’s notice pursuant to Section ‎19.3.4(a),

 

		then upon
                                                                                issuance of such termination notice under Section ‎19.3.4(c) this Agreement shall terminate with
                                                                                immediate effect.

 

		19.4	Rights Accrued Prior to Termination

 

		Termination of this Agreement shall be without prejudice to:

 

		(a)	the rights and liabilities of the Parties accrued prior to or as a result of such termination; and

 

		(b)	Claims for breaches of Section ‎18 that occur during the three (3) year
period after termination of this Agreement.

 

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		19.5	Final Reconciliation

 

		Within sixty (60) Days after expiration of the Term or the earlier termination of this Agreement,
                                                                                Seller and Buyer shall determine the amount of any final settlement payment. Seller shall send a statement to Buyer, or Buyer shall
                                                                                send a statement to Seller, as the case may be, for any final settlement payment due. Seller or Buyer, as the case may be, shall pay
                                                                                such amount no later than twenty (20) Business Days after the date of receipt of such statement.

 

		19.6	Survival

 

		The following
                                                                                provisions shall survive expiration or termination of this Agreement: Sections ‎1, ‎7.7.2, ‎7.7.3, ‎9, ‎10, ‎11, ‎13.8.2, ‎15.1, ‎15.2, ‎15.3, ‎15.4, ‎18 (to
                                                                                the extent provided therein), ‎19.4, ‎19.5 and ‎20
                                                                                to ‎25, in addition to this Section ‎19.6.

 

		20.	Dispute Resolution and Governing Law

 

		20.1	Dispute Resolution

 

		20.1.1	Arbitration. Any Dispute (other than a Dispute submitted to an Expert under Section ‎20.2.1)
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.

 

		20.1.2	Rules. The arbitration shall be conducted in accordance with the International Arbitration Rules of
the American Arbitration Association (“AAA”) (as then in effect).

 

		20.1.3	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.

 

		20.1.4	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 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 ‎20, (a) Buyer, any guarantor under any guaranty required to be delivered to
Seller pursuant to the terms of this Agreement and all Persons whose interest in this Agreement derives from them shall be considered
as one party; and (b) Seller and all Persons whose interest in this 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.

 

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		20.1.5	Consolidation. If multiple arbitration proceedings are initiated under this Agreement or any guaranty
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 any party to any such dispute 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.

 

		20.1.6	Place of Arbitration. Unless otherwise agreed by all parties to the Dispute, the place of arbitration
shall be New York, New York.

 

		20.1.7	Language. The arbitration proceedings shall be conducted in the English language, and the arbitrators
shall be fluent in the English language.

 

		20.1.8	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 ‎24, as well as any
other procedure authorized by law.

 

		20.1.9	Notice. All notices required for any arbitration proceeding shall be deemed properly given if given
in accordance with Section ‎24.

 

		20.1.10	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.

 

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		20.1.11	Interim Measures. Any party to the Dispute may apply to a court in New York, 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 Parties unconditionally
and irrevocably submit to jurisdiction in New York, New York, for the limited purposes of an application for interim measures under this
Section ‎20.1.11. 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.

 

		20.1.12	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.

 

		20.1.13	Interest. The award shall include pre-award and post-award interest, as determined by the arbitral
tribunal, 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 [***] percent ([***]%) above the SOFR (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 SOFR for each successive term of ninety (90) Days during that period
shall be that in effect on the first (1st) 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.

 

		20.1.14	Currency of Award. The arbitral award shall be made and payable in USD, free of any Tax or other
deduction.

 

		20.1.15	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.

 

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		20.1.16	Confidentiality. Any arbitration or Expert determination relating to a Dispute (including an arbitral
award, a settlement resulting from an arbitral award, documents exchanged or produced during an arbitration or Expert proceeding, and
memorials, briefs or other documents prepared for the arbitration or Expert proceeding) shall be Confidential Information subject to the
confidentiality provisions of Section ‎18; provided, however, that breach of such confidentiality provisions
shall not void any settlement, determination or award.

 

		20.2	Expert Determination

 

		20.2.1	General. In the event of any disagreement between the Parties regarding a measurement under Exhibit A
hereto 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 ‎20.2.1.
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 notice of the request for such determination. If the Parties 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 either
of the Parties, the International Centre for Expertise of the International Chamber of Commerce (“ICC”) shall appoint
such Expert and shall administer such expert determination through the ICC’s Rules for Expertise. The Expert shall be and remain
at all times wholly impartial, and, once appointed, the Expert shall have no ex parte communications with either of the Parties
concerning the expert determination or the underlying Measurement Dispute. The Parties 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 comment on it. The Expert shall endeavor to resolve the Measurement Dispute within thirty (30) Days (but
no later than sixty (60) Days) after his appointment, taking into account the circumstances requiring an expeditious resolution of the
matter in dispute.

 

		20.2.2	Final and Binding. The Expert’s decision shall be final and binding on the Parties unless
challenged in an arbitration pursuant to Section ‎20.1 within thirty (30) Days of the date the Expert’s decision.
If challenged, (a) the decision shall remain binding and be implemented unless and until finally replaced by an award of the arbitrators;
(b) the decision shall be entitled to a rebuttable presumption of correctness; and (c) 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.

 

 

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		20.2.3	Arbitration of Expert Determination. 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 under Exhibit A
hereto, then either Party may elect to refer the entire Measurement Dispute for arbitration under Section ‎20.1.1.
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.

 

		20.3	Governing 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.

 

		20.4	Immunity

 

		20.4.1	Each Party, to the maximum extent permitted by Applicable Law, as to itself and its assets, hereby irrevocably,
unconditionally, knowingly and intentionally waives any and all rights of immunity (sovereign or otherwise) and agrees not to claim, or
assert any immunity with respect to the matters covered by this Agreement in any arbitration, Expert proceeding, or other action with
respect to this Agreement, whether arising by statute or otherwise, that it may have or may subsequently acquire, including rights under
the doctrines of sovereign immunity and act of state, immunity from legal process (including service of process or notice, pre-judgment
or pre-award attachment, attachment in aid of execution, or otherwise), immunity from jurisdiction or judgment of any court, arbitrator,
Expert or tribunal (including any objection or claim on the basis of inconvenient forum), and immunity from enforcement or execution of
any award or judgment or any other remedy.

 

		20.4.2	Each Party hereby irrevocably, unconditionally, knowingly and intentionally:

 

		(a)	agrees that the execution, delivery and performance by such Party of this Agreement constitute private
and commercial acts rather than public or governmental acts; and

 

		(b)	consents in respect of the enforcement of any judgment against such Party in any such proceedings in any
jurisdiction and to the giving of any relief or the issue of any process in connection with such proceedings (including the making, enforcement
or execution of any such judgment or any order arising out of any such judgment against or in respect of any property whatsoever irrespective
of its use or intended use).

  

    	 	99	 

     

    

 

		21.	Successors; Assignments

 

		21.1	Successors

 

This Agreement shall be binding upon and
inure to the benefit of any successor to each of Seller and Buyer.

 

		21.2	Assignment by Buyer

 

		21.2.1	Prior Written Consent. Buyer may novate or assign this Agreement in its entirety (but not in part)
to another Person that is not an Affiliate of Buyer, for the remainder of the Term, upon the prior written consent of Seller (which consent
shall not be unreasonably withheld, conditioned or delayed), provided that:

 

		(a)	unless such assignee has an Acceptable Credit Rating, a Guaranty is provided to Seller prior to such novation
or assignment;

 

		(b)	such assignee assumes all of the obligations of Buyer under this Agreement commencing as of the date of
the novation or assignment by execution of a copy of this Agreement in its own name (countersigned by Seller) or by execution of a binding
assignment and assumption agreement which is enforceable by Seller; and

 

		(c)	performance of this Agreement by Seller with such assignee would comply with Applicable Laws and all relevant
Approvals.

 

		21.2.2	Without Prior Consent to Affiliates. Buyer may novate or assign this Agreement in its entirety
(but not in part), for the remainder of the Term, without Seller’s prior consent, to an Affiliate of Buyer, provided that:

 

		(a)	unless such Affiliate assignee has an Acceptable Credit Rating, a Guaranty is provided to Seller prior
to such novation or assignment;

 

		(b)	such Affiliate assignee assumes all of the obligations of Buyer under this Agreement commencing as of
the date of the novation or assignment by execution of a copy of this Agreement in its own name (countersigned by Seller) or by execution
of a binding assignment and assumption agreement which is reasonably acceptable in form and substance to, and enforceable by, Seller;
and

  

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		(c)	performance of this Agreement by Seller with such Affiliate assignee would comply with Applicable Laws
and all relevant Approvals.

 

Any failure to satisfy the requirements
under Sections ‎21.2.2(a) to ‎(c) shall render such novation or assignment void and
unenforceable.

 

		21.2.3	Further Obligations. Upon a novation or assignment in whole by Buyer in accordance with this Section ‎21.2,
the assignor shall be released from all further obligations, duties and liabilities under this Agreement, other than any obligations,
duties and liabilities arising prior to the date of effectiveness of such novation or assignment.

 

		21.3	Assignments by Seller

 

		21.3.1	Prior Written Consent. Seller may novate or assign this Agreement in its entirety (but not in part)
to another Person that is not an Affiliate of Seller, for the remainder of the Term, upon the prior written consent of Buyer (which consent
shall not be unreasonably withheld, conditioned or delayed), provided that:

 

		(a)	such assignee assumes all of the obligations of Seller under this Agreement commencing as of the date
of the novation or assignment by execution of a copy of this Agreement in its own name (countersigned by Buyer) or by execution of a binding
assignment and assumption agreement which is enforceable by Buyer;

 

		(b)	such assignee is the purchaser or transferee of the Driftwood LNG Terminal;

 

		(c)	such assignee has satisfactorily cleared Buyer’s know-your-customer process, which shall be carried
out in a manner consistent with international standards (such clearance not to be unreasonably withheld or delayed by Buyer);

 

		(d)	such assignee or its Affiliates will have all Approvals and export authorizations equivalent to the Export
Authorizations to the extent needed to perform Seller’s obligations under this Agreement;

 

		(e)	performance of this Agreement by Buyer with such assignee would comply with Applicable Laws and all relevant
Approvals; and

 

		(f)	such assignee has or has contracted to have sufficient technical and operational capabilities in the LNG
or other related hydrocarbon industries to perform its obligations under this Agreement.

 

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		21.3.2	Without Prior Consent to Affiliates. Seller may novate or assign this Agreement in its entirety
(but not in part), for the remainder of the Term, without Buyer’s prior consent, to an Affiliate of Seller, provided that:

  

		(a)	such Affiliate assignee assumes all of the obligations of Seller under this Agreement commencing as of
the date of the novation or assignment by execution of a copy of this Agreement in its own name (countersigned by Buyer) or by execution
of a binding assignment and assumption agreement which is reasonably acceptable in form and substance to, and enforceable by, Buyer;

 

		(b)	such Affiliate assignee is the purchaser or transferee of the Driftwood LNG Terminal;

 

		(c)	such Affiliate assignee has satisfactorily cleared Buyer’s know-your-customer process, which shall
be carried out in a manner consistent with international standards (such clearance not to be unreasonably withheld or delayed by Buyer);

 

		(d)	such Affiliate assignee or its Affiliates will have all Approvals and export authorizations equivalent
to the Export Authorizations to the extent needed to perform Seller’s obligations under this Agreement; and

 

		(e)	performance of this Agreement by Buyer with such Affiliate assignee would comply with Applicable Laws
and all relevant Approvals.

 

Any failure to satisfy the requirements
under Sections ‎21.3.2(a) to ‎(e) shall render such novation or assignment void and
unenforceable.

 

		21.3.3	Further Obligations. Upon a novation or assignment by Seller in accordance with this Section ‎21.3,
the assignor shall be released from all further obligations, duties and liabilities under this Agreement, other than any obligations,
duties and liabilities arising prior to the date of effectiveness of such novation or assignment.

 

		21.4	Seller, Tellurian Inc., Driftwood and Affiliate Financing

 

		21.4.1	Lender Financing. Seller, Tellurian Inc., Driftwood and their respective Affiliates shall have
the right to obtain financing (including non-recourse or limited recourse financing) from Lenders. In connection with any financing or
refinancing obtained by Seller, Tellurian Inc., Driftwood or their respective Affiliates, Buyer shall, if so requested by Seller, deliver
to Seller’s, Tellurian Inc.’s, Driftwood’s or their respective Affiliates’ Lenders or the agent acting on behalf
of any such Lenders (“Lenders’ Agent”) certified copies of its corporate charter and by-laws, resolutions, incumbency
certificates, financial statements and other financial information, and such other items or information upon the reasonable request by
Lenders or Lenders’ Agent. Buyer shall not be required to provide any documents or information which would cause it to be in breach
of Applicable Laws, including the rules of any recognized stock exchange on which Buyer’s stock is quoted. Any financial statements
provided by Buyer shall only be provided to Lenders’ Agent unless otherwise agreed to by Buyer in writing. Provided all costs and
expenses are reimbursed by Seller, Buyer shall also provide to the Lenders and Lenders’ Agent legal opinions in respect of the documents
which it and Seller are party to in the form and substance and from counsel reasonably acceptable to the Lenders.

 

    	 	102	 

     

    

  

		21.4.2	Assignment as Security. Buyer further acknowledges and agrees that Seller may collaterally assign,
transfer, or otherwise encumber, all or any of its rights, benefits and obligations under this Agreement and each guaranty required to
be delivered to Seller pursuant to the terms of this Agreement to such Lenders or Lenders’ Agent as security for Seller’s,
Seller’s Affiliates’, Tellurian Inc.’s or Driftwood’s obligations to such Lenders (including to a purchaser at
any foreclosure sale or any assignee or transferee under any instrument of assignment or transfer in lieu of foreclosure) following an
event of default by Seller, any Affiliate of Seller, Tellurian Inc. or Driftwood under the financing documents entered into by Seller,
any Affiliate of Seller, Tellurian Inc. or Driftwood with such Lenders, provided any assignment, transfer or encumbrance to Lenders
or Lenders’ Agent is not prohibited by any Applicable Law or Export Control and Sanctions Laws, which would prevent Buyer from dealing
with Lenders or Lenders’ Agent, and provided, further that all costs and expenses, including any external legal fees, incurred
by Buyer in relation to such novation or assignment are reimbursed in full by Seller. Without prejudice to the foregoing, upon Seller’s
request pursuant to a notice hereunder, Buyer shall enter into, and shall cause any guarantor under any guaranty delivered to Seller pursuant
to the terms of this Agreement to enter into, direct agreements or consent agreements (each, a “Direct Agreement”)
each in a form acceptable to Buyer (acting reasonably), provided that, entrance into such Direct Agreement shall be subject to
satisfactory clearance of the parties thereto by Buyer’s know your customer process, which shall be carried out in a manner consistent
with international standards (such clearance not to be unreasonably withheld or delayed by Buyer), that:

 

		(a)	provide such undertakings that are normal and customary in project financings or refinancings; provided,
however, that, (i) such undertakings do not materially affect Buyer’s or such guarantor’s rights or obligations under
this Agreement or any guaranty provided to Seller pursuant to the terms of this Agreement, except as otherwise provided in Sections
‎21.4.2(b) to ‎(f), and (ii) Buyer shall not be required to provide (or
cause to be provided) any guaranty or similar commitment in favor of the Lenders, Seller or any other Person, other than any guaranty
required to be delivered to Seller pursuant to the terms of this Agreement;

  

    	 	103	 

     

    

 

		(b)	consent to (i) the collateral assignment of Seller’s, Seller’s Affiliates’, Tellurian
Inc.’s or Driftwood’s rights and obligations under this Agreement or the guaranty, as applicable, to the Lenders or the Lenders’
Agent and (ii) the subsequent assignment and transfer of this Agreement (and all rights of the Seller hereunder) or the guaranty,
as applicable, to the Lenders’ Agent or other designee or nominee of the Lenders (including a purchaser at any foreclosure sale
or any assignee or transferee under any instrument of assignment or transfer in lieu of foreclosure) following an event of default by
Seller, any Affiliate of Seller, Tellurian Inc. or Driftwood under the financing documents entered into by Seller, any Affiliate of Seller,
Tellurian Inc. or Driftwood with the Lenders, as notified in writing to the Buyer by the Lenders; provided, that any such assignee
assumes all of the obligations of Seller under this Agreement arising or accruing from and after the date of such assignment;

 

		(c)	provide representations and warranties that this Agreement or the guaranty, as applicable, is in full
force and effect and has not been modified or amended (other than as otherwise disclosed to the Lenders) and that there are no defaults
by Buyer or a guarantor existing under this Agreement or the guaranty, each as applicable;

 

		(d)	in the case of Buyer, provide representations and warranties regarding the corporate existence of Buyer,
its authority to enter into and perform this Agreement and that this Agreement is the legal, valid and binding obligation of Buyer, enforceable
against Buyer in accordance with its terms, and in the case of guarantor, provide representations and warranties regarding the corporate
existence of guarantor, its authority to enter into and perform the guaranty and that the guaranty is the legal, valid and binding obligation
of guarantor, enforceable against guarantor in accordance with its terms;

 

		(e)	agrees to make payments of amounts owed under this Agreement or the guaranty, as applicable, and as agreed
in the Direct Agreement;

 

		(f)	in the case of Buyer, agree to give Lenders and Lenders’ Agent notice of and an opportunity to cure
any default by Seller under this Agreement; and

 

		(g)	agree to modify or clarify provisions of this Agreement or the guaranty, as applicable, as reasonably
requested by the Lenders or the Lenders’ Agent, provided that any such modification or clarification shall be subject to
Buyer’s consent (not to be unreasonably withheld).

  

    	 	104	 

     

    

 

		22.	Contract Language

 

This Agreement, together with the Exhibits
hereto, 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.

 

		23.	Miscellaneous

 

		23.1	Disclaimer of Agency

 

This Agreement does not appoint either
Party as the agent, partner or legal representative of the other for any purposes whatsoever, and neither Party shall have any express
or implied right or authority to assume or to create any obligation or responsibility on behalf of or in the name of the other Party.

 

		23.2	Entire Agreement

 

This Agreement, together with the Exhibits
hereto, constitutes the entire agreement between the Parties in respect of the subject matter hereof and includes all promises and representations,
express or implied, and supersedes all other prior agreements and representations, written or oral, between the Parties relating to the
subject matter hereof. Anything that is not contained or expressly incorporated by reference in this instrument, is not part of this Agreement.

 

		23.3	Third Party Beneficiaries

 

The
Parties do not intend any term of this Agreement to be for the benefit of, or enforceable by, any Third Party except as expressly provided
in Section ‎7.7. The Parties may rescind or vary this Agreement, in whole or in part, without the consent
of any Third Party, including those Third Parties referred to under Section ‎7.7,
even if as a result such Third Party’s rights to enforce a term of this Agreement will be varied or extinguished.

 

		23.4	Amendments and Waiver

 

This Agreement may not be supplemented,
amended, modified or changed except by an instrument in writing signed by Seller and Buyer and expressed to be a supplement, amendment,
modification or change to this Agreement. A Party shall not be deemed to have waived any right or remedy under this Agreement by reason
of such Party’s failure to enforce such right or remedy.

 

    	 	105	 

     

    

 

		23.5	Exclusion

 

The United Nations Convention on Contracts
for the International Sale of Goods (and the Convention on the Limitation Period in the International Sale of Goods) shall not apply to
this Agreement and the respective rights and obligations of the Parties hereunder.

 

		23.6	Further Assurances

 

Each Party hereby agrees to take all such
action as may be necessary to effectuate fully the purposes of this Agreement, including causing this Agreement or any document contemplated
herein to be duly registered, notarized, attested, consularized and stamped in any applicable jurisdiction.

 

		23.7	Severability

 

If and for so long as any provision of
this 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 this 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 this Agreement without affecting the validity of the balance of this Agreement.

 

		23.8	Representations and Warranties of Buyer

 

As of the Effective Date and until the
expiration or termination of this Agreement, Buyer represents, undertakes and warrants that:

 

		23.8.1	Buyer is and shall remain duly formed and in good standing under the laws of the jurisdiction of its organization;

 

		23.8.2	Buyer has the requisite power, authority and legal right to execute and deliver, and to perform its obligations
under, this Agreement;

 

		23.8.3	Buyer 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 this Agreement for which Seller
or any of its Affiliates could be liable; and

 

		23.8.4	neither the execution, delivery, nor performance of this Agreement violates or will violate, results or
will result in a breach of or constitutes or will constitute a default under any provision of Buyer’s organizational documents,
any law, judgment, order, decree, rule, or regulation of any court, administrative agency, or other instrumentality of any Governmental
Authority or of any other material agreement or instrument to which Buyer is a party.

 

    	 	106	 

     

    

 

		23.9	Representations and Warranties of Seller

 

As of the Effective Date and until the
expiration or termination of this Agreement, Seller represents, undertakes and warrants that:

 

		23.9.1	Seller is and shall remain duly formed and in good standing under the laws of the jurisdiction of its
organization;

 

		23.9.2	Seller has the requisite power, authority and legal right to execute and deliver, and to perform its obligations
under this Agreement;

 

		23.9.3	Seller 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 this Agreement for which Buyer
or any of its Affiliates could be liable; and

 

		23.9.4	neither the execution, delivery, nor performance of this Agreement, violates or will violate, results
or will result in a breach of, or constitutes or will constitute a default under, any provision of Seller’s organizational documents,
any law, judgment, order, decree, rule, or regulation of any court, administrative agency, or other instrumentality of any Governmental
Authority or of any other material agreement or instrument to which Seller is a party.

 

		23.10	Counterparts

 

This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute a single agreement.
The exchange of copies of this Agreement and of signature pages by electronic mail in “portable document format” (“.pdf”)
form, or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, or by a combination
of such means, shall constitute effective execution and delivery of this Agreement as to the Parties and may be used in lieu of an original
Agreement for all purposes. Signatures of the Parties transmitted by electronic transmission shall be deemed to be original signatures
for all purposes. Except for cases of fraud or forgery, no Party shall raise the use of any electronic signature or the use of electronic
mail or other similar transmission method as a means to deliver a signature to this Agreement or any amendment hereto as the basis of
a defense to the formation or enforceability of a contract, and each Party forever waives any such defense.

 

		23.11	Safe Harbor

 

Without limiting any other protections
available to the Parties under the Bankruptcy Code or any other United States of America federal or state, or any other insolvency law,
the Parties acknowledge and agree that:

 

    	 	107	 

     

    

 

		23.11.1	This Agreement and all transactions contemplated hereby shall constitute a “swap agreement”
and a “forward contract” (as each such term is defined in the Bankruptcy Code).

  

		23.11.2	Seller and Buyer each constitute a “swap participant” and a “forward contract merchant”
within the meaning of the Bankruptcy Code and are entitled to all of the protections in the Bankruptcy Code afforded to such entities
that are party to a “swap agreement” or a “forward contract”, respectively, including those protections set forth
in sections 362, 546, 548, 556, 560, 561 and 562 of the Bankruptcy Code. In furtherance of these acknowledgments and agreements, the Parties
further acknowledge and agree that Seller is a Person whose business consists in whole or in part of, and Buyer is a Person whose business
consists in whole or in part of, entering into “forward contracts” (as such term is defined in the Bankruptcy Code) as or
with merchants in natural gas (whether in liquefied or gaseous state).

 

		23.11.3	Each Party’s right to cause the liquidation, termination or acceleration of this Agreement, or any
transaction contemplated hereby, because of a condition of the kind specified in section 365(e)(1) of the Bankruptcy Code or to offset
or net out termination values, payment amounts or other transfer obligations, and to exercise any other remedies upon the occurrence of
any such termination, liquidation or acceleration under this Agreement, constitutes a “contractual right” with respect to
the other Party within the meaning of sections 556, 560 and 561 of the Bankruptcy Code.

 

		23.11.4	Any transfer of cash, securities or other property provided as performance assurance, credit support or
collateral with respect to this Agreement, or any transaction contemplated hereby, shall constitute (i) a “transfer”
made “by or to (or for the benefit of)” a “forward contract merchant” “under” or “in connection
with” this Agreement and each such transaction and/or (ii) a “transfer” made “by or to (or for the benefit
of)” a “swap participant” “under” or “in connection with” this Agreement and each such transaction,
in each case within the meaning of the Bankruptcy Code.

 

All payments, transfers or deliveries
for, under or in connection with this Agreement, or any transaction contemplated hereby, shall be a “settlement payment” and
 “transfer” “under” or “in connection with” each such transaction, in each case within the meaning
of the Bankruptcy Code.

 

		24.	Notices

 

		24.1	Form of Notice

 

		24.1.1	Except where otherwise specifically provided in this Agreement, all notices, requests, consents, proposals,
approvals and statements shall be in writing and in English, and if properly addressed to the recipient in the manner required by Sections
‎24.1.2 and ‎24.2, shall be deemed to have been properly given or delivered: (i) on the date
of actual delivery when personally delivered to the intended recipient or when delivered to the intended recipient by a reputable courier
delivery service; or (ii) on the date specified in Section ‎24.2.2, if by Electronic Transmission, provided
that if such Electronic Transmission is directed after 5:00 p.m. (local time of the recipient) or on a Day that is not a Business
Day, then on the next succeeding Business Day after the date specified in Section ‎24.2.2.

 

    	 	108	 

     

    

 

		24.1.2	A non-electronic document is deemed to be properly addressed, in each case, if to Buyer or Seller, to
the address of such Person as set forth in this Section ‎24.1.2, or, in each case, to such other address or addresses
as the addressee may have specified by written notice given to the other Party in the manner contemplated by Section ‎24.1.1.

 

	 	If to Buyer, to:
	 	 	Vitol Inc.
	 	 	2925 Richmond Avenue, 11th Floor
	 	 	Houston, TX 77098
	 	 	Attention: General Counsel
	 	 	Email: XXXXXXXXXXXXXX
	 	 
	 	If to Seller, to:
	 	 	Driftwood LNG LLC
	 	 	c/o Tellurian Inc.
	 	 	1201 Louisiana Street, Suite 3100
	 	 	Houston, TX 77002
	 	 	United States of America
	 	 	Attention: General Counsel
	 	 	E-mail: XXXXXXXXXXXXXX

 

		24.2	Electronic Transmission

 

		24.2.1	Without limiting the manner by which notice otherwise may be given effectively to Parties pursuant to
Section ‎24.1, any notice under any provision of this Agreement shall be effective if given by a form of Electronic
Transmission.

 

		24.2.2	Notice given pursuant to Section ‎24.2.1 will be deemed delivered on the date on
which it is directed to the electronic mail address set forth in Section ‎24.1.2, or to such other electronic mail
address as the addressee previously may have specified by written notice given to the other Party in the manner contemplated by Section ‎24.1.1.

 

		24.2.3	Buyer and Seller hereby consent to receive notices by Electronic Transmission at the electronic mail address
set forth in Section ‎24.1.2.

 

    109 

     

    

 

		25.	Trade Law Compliance and Business Practices

 

		25.1	Trade Law Compliance

 

		25.1.1	Each Party agrees to comply with the Export Authorizations, including incorporating into any resale contract
for LNG sold under this Agreement the necessary conditions to ensure compliance with the Export Authorizations. Buyer shall promptly provide
to Seller all information required by Seller, Seller’s Affiliate or any other Person acting as agent on behalf of Seller under an
Export Authorization, to comply with the Export Authorizations, including any information that identifies for each LNG cargo delivered
under this Agreement the country (or countries) into which the LNG or Gas was actually delivered. Buyer commits to include in any resale
contract for LNG sold under this Agreement the necessary conditions to ensure Seller is made aware of all such countries into which the
LNG or Gas was actually delivered. If any Export Authorization requires conditions to be included in this Agreement beyond those that
are already included herein, then, within fifteen (15) days following the issuance of the Export Authorization imposing such condition,
the Parties shall discuss the appropriate changes to be made to this Agreement to comply with such Export Authorization and shall amend
this Agreement accordingly to comply with such Export Authorization. Buyer acknowledges and agrees that it will resell or transfer LNG
purchased hereunder for delivery only to the countries identified in an applicable Export Authorization and/or to purchasers that have
agreed in writing to limit their direct or indirect resale or transfer of such LNG to such countries. Buyer represents and warrants that
the final delivery of LNG received pursuant to the terms of this Agreement are permitted and lawful under United States of America laws
and policies, including Export Control and Sanctions Laws and 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 Seller or Driftwood to be in violation of United States
of America laws and policies or any Export Authorization to be withdrawn, revoked, suspended or not renewed.

  

    110 

     

    

 

		25.1.2	Without limiting the foregoing, the following provisions are included in this Agreement in accordance
with the requirements of the Export Authorizations, and Buyer shall include, and require (or cause to be required) any direct or indirect
buyer of LNG sold hereunder for whom Seller or Driftwood acts as agent in connection with one or more Export Authorizations to include,
the following provisions in any agreement or other contract for the sale or transfer of LNG exported pursuant to any Export Authorization:

 

		(a)	Buyer acknowledges and agrees that it will resell or transfer LNG purchased hereunder for delivery only
to countries identified in Ordering Paragraph B of DOE/FE Order No. 3968, issued February 28, 2017, in FE Docket No. 16-144-LNG,
and/or to purchasers that have agreed in writing to limit their direct or indirect resale or transfer of such LNG to such countries. Buyer
further commits to cause a report to be provided to Driftwood LNG LLC that identifies the country (or countries) into which the LNG or
natural gas was actually delivered and/or received for end use, and to include in any resale contract for such LNG the necessary conditions
to ensure that Driftwood LNG LLC is made aware of all such countries.

 

		(b)	Buyer acknowledges and agrees that it will resell or transfer LNG, purchased hereunder for delivery only
to countries identified in Ordering Paragraph F of DOE/FE Order No. 4373, issued May 2, 2019, in FE Docket No. 16-144-LNG,
and/or to purchasers that have agreed in writing to limit their direct or indirect resale or transfer of such natural gas or LNG to such
countries. Buyer further commits to cause a report to be provided to Driftwood LNG LLC that identifies the country (or countries) into
which the LNG was actually delivered, and to include in any resale contract for such LNG the necessary conditions to ensure that Driftwood
LNG LLC is made aware of all such actual destination countries.

 

		25.2	Prohibited Practices

 

		25.2.1	Each Party agrees that, in the performance of this Agreement and the activities contemplated herein, neither
such Party, nor any of its officers, directors, employees, agents or other representatives will take any action, or omit to take any action,
which would (a) violate any applicable Anti-Corruption Law, any applicable Export Control and Sanctions Laws or any other Applicable
Law applicable to such Party, or (b) cause the other Party to be in violation of any Anti-Corruption Law or Export Control and Sanctions
Laws applicable to such other Party.

 

		25.2.2	Without limiting Section ‎25.2.1, each Party agrees on behalf of itself, its directors,
managers, 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 any of its Affiliates nor provide or cause to be provided to any of them any gifts or entertainment of
significant cost or value in connection with this Agreement in order to influence or induce any actions or inactions in connection with
the commercial activities of the other Party hereunder.

 

    111 

     

    

 

		25.3	Records; Audit

 

Each
Party shall keep all records necessary to confirm compliance with Sections ‎25.1, ‎25.2.1(b) and
‎25.2.2 for a period of five (5) years following
the year for which such records apply. If a Party asserts that the other Party is not in compliance with Sections ‎25.1,
‎25.2.1(b) or ‎25.2.2,
the asserting Party shall send a notice to the other Party indicating the type of noncompliance asserted. After giving such notice, the
asserting Party 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 ‎25.3
shall be paid (i) by the other Party, if the other Party is determined not to be in compliance with Sections ‎25.1,
‎25.2.1(b) or ‎25.2.2,
as applicable, and (ii) by the asserting Party, if the other Party is determined to be in compliance with Sections ‎25.1,
‎25.2.1(b) or ‎25.2.2,
as applicable.

 

		25.4	Representations and Warranties

 

Each Party represents and warrants to
the other Party, as of the Effective Date, and as of the date of any assignment or novation of this Agreement by such Party, that in the
performance of this Agreement and the activities contemplated herein, neither such Party, nor any of its officers, directors, employees,
agents or other representatives have taken any action, or omitted to take any action, which would (a) violate any applicable Anti-Corruption
Law, any applicable Export Control and Sanctions Laws or any other Applicable Law applicable to such Party, or (b) cause the other
Party to be in violation of any Anti-Corruption Law or Export Control and Sanctions Law applicable to the other Party. Without limiting
the foregoing, each Party represents and warrants to the other Party, as of the Effective Date, that neither such Party nor any of its
directors, managers, officers, employees, agents, contractors or Affiliates has paid any fees, commissions, or rebates to any employee,
officer, or agent of the other Party or any of its Affiliates or has provided or caused to be provided to any of them any gifts or entertainment
of significant cost or value in connection with this Agreement in order to influence or induce any actions or inactions in connection
with the commercial activities of the other Party hereunder.

 

		25.5	Indemnity

 

Each
Party shall indemnify and hold harmless the other Party from any Losses arising out of the indemnifying Party’s breach of any or
all of Sections ‎25.1, ‎25.2.1(b) or
‎25.3 or of the representations and warranties in Section ‎25.4.

 

[Signature page follows.]

 

    112 

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

 

	SELLER:	 	BUYER:
	 	 	 
	DRIFTWOOD LNG LLC	 	VITOL INC.
	 	 	 
	/s/ Octávio Simões	 	/s/ [***]
	Name: Octávio Simões	 	Name: [***]
	Title: CEO	 	Title: [***]

 

[Signature Page to LNG
Sale and Purchase Agreement]Document

Exhibit 10.1

FOURTH AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

This FOURTH AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
(this “Agreement”), dated as of March 25, 2021 and effective as of the Effective Date, is made by and between SecureWorks, Inc., a Georgia corporation, as borrower (the “Borrower”), and Dell USA L.P., a Texas limited partnership, as lender (the “Lender”).

RECITALS

WHEREAS, the Borrower and the Lender are parties to the Third Amended and Restated Revolving Credit Agreement dated as of March 26, 2020 (the “Existing Agreement”);

WHEREAS, the Borrower and the Lender each desire to amend and restate the Existing Agreement in its entirety; and

WHEREAS, the Borrower has requested that the Lender make loans to the Borrower and the Lender is prepared to make such loans on a revolving basis and subject to the terms and conditions hereof.

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto agree to amend and restate the Existing Agreement as follows:

SECTION 1.    DEFINITIONS.

1.1Certain Defined Terms. As used herein, the following terms have the following respective meanings:

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person; and for purposes of this definition, the term “control” (including the terms “controlling,” “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of 50% or more of the total voting power of the Voting Stock of such Person or the power to direct or cause the direction of the management and policies of such Person, whether through the possession of such voting power, by contract or otherwise.

“Applicable Margin” means a margin of 1.54% above the LIBOR applicable to each Loan. If LIBOR is not available or is no longer being published on a current basis and such circumstances are unlikely to be temporary (or if the administrator of such rate has made a public announcement that such rate will no longer be available or used for determining interests rates for loans as of a specific date), the Lender and the Borrower will negotiate in good faith to amend this Agreement to replace such rate with an alternate benchmark rate and other related provisions as the Lender and the Borrower shall reasonably agree (which shall give due regard to the then existing or evolving market practice or replacement of LIBOR-based interest rates and be generally consistent with the alternate benchmark rate adopted, if any, by affiliates of the Lender and the Borrower under their financing arrangements).

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“Asset Disposition” means any sale, lease, license, assignment, sale leaseback, transfer or other disposition by the Borrower or any of its Subsidiaries of any of their respective assets, other than (a) sales of inventory for at least fair value in the ordinary course of business, and (b) sales of obsolete or worn out property if promptly replaced with other similar property of at least equal usefulness.

“Assignment and Assumption” means an assignment and assumption entered into between the Lender and an assignee in a form approved by the Lender.

“Availability Period” means the period from the Effective Date to, but excluding, the Commitment Termination Date.

“Available Commitment” means, at any time, the Commitment then in effect less the aggregate principal amount of all Loans outstanding under the Agreement at such time.

“Beneficial Owner” has the meaning set forth in Rule 13d-3 under the Exchange Act.

“Borrower” has the meaning set forth in the introduction hereto.

“Borrowing” means a borrowing by the Borrower of a Loan.

“Borrowing Date” means the date of a Borrowing.

“Business Day” means a day (other than a Saturday or Sunday) on which commercial banks are not authorized or required to close in New York, New York.

“Change in Law” means 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 or application thereof by any Governmental Authority; or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority.

“Change of Control” means the occurrence of any of the following:

(a)The Borrower ceases for any reason to be a direct or indirect Subsidiary of the
Company;

(b)A transaction or a series of related transactions pursuant to which any Person or Group (other than a Dell Entity or Group of Dell Entities) becomes the Beneficial Owner of more than fifty percent (50%) of the total voting power of the Voting Stock of the Company, on a Fully Diluted Basis;

(c)Individuals who, as of the Effective Date, constitute the Board of Directors of the Company (the “Incumbent Board”) (together with any new directors whose election by such Incumbent Board or whose nomination by such Incumbent Board for election by the stockholders of the Company was approved by a vote of at least a majority of the members of such Incumbent Board then in

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office who either were members of such Incumbent Board or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the members of the Board of Directors of the Company then in office;

(d)The Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Company (regardless of whether the Company is the surviving Person), other than any such transaction in which one or more Dell Entities continues to be the Beneficial Owner of more than 50% of the total voting power of the Voting Stock of the Company, on a Fully Diluted Basis; or

(e)The consummation of any direct or indirect sale, lease, transfer, conveyance, or other disposition (other than by way of reorganization, merger, or consolidation), in one transaction or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person or Group (other than one or more Dell Entities).

“Commitment” means the obligation of the Lender to make, on and subject to the terms and conditions hereof, Loans to the Borrower pursuant to Section 2.1 in an aggregate principal amount at any one time outstanding up to but not exceeding $30 million, as such amount may be increased or reduced pursuant to Section 2.3 or reduced pursuant to assignments effected in accordance with Section 10.5.

“Commitment Termination Date” means the one-year anniversary of the Effective Date.

“Company” means SecureWorks Corp., a Delaware corporation, and any successor
thereto.

“Default” means an Event of Default specified in Section 9 or an event that with the giving of notice or lapse of time or both would become an Event of Default.

“Dell Entity” means Dell Technologies Inc. or any direct or indirect Subsidiary thereof.

“Dollars” and “$” mean lawful money for the time being of the United States of America.

“Effective Date” means the date on which all of the conditions precedent set forth in Section 6 have been fulfilled.

“Event of Default” has the meaning set forth in Section 9.

“Exchange Act” means the Securities Exchange Act of 1934, as amended, as the same shall be in effect from time to time.

“Excluded Taxes” means, with respect to the Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrower under this Agreement, Taxes imposed on or measured by its overall net income, overall gross income or overall gross receipts (however denominated), and franchise taxes imposed on it (in lieu of net income taxes) or capital taxes, by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized, in

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which it is resident for tax purposes or in which its principal office is located.

“Fully Diluted Basis” means, as of any date of determination, the sum of (a) the number of shares of Voting Stock outstanding as of such date of determination plus (b) the number of shares of Voting Stock issuable upon the exercise, conversion, or exchange of all then-outstanding warrants, options, convertible capital stock or indebtedness, exchangeable capital stock or indebtedness, or other rights exercisable for or convertible or exchangeable into, directly or indirectly, shares of Voting Stock (excluding, for the avoidance of doubt, securities issuable in connection with the conversion or exchange of outstanding shares of Voting Stock), whether at the time of issue or upon the passage of time or upon the occurrence of some future event, and whether or not in-the-money as of such date of determination.

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

“Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

“Group” has the meaning set forth in Sections 13(d) and 14(d)(2) of the Exchange Act.

“Indebtedness” means, with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable arising in the ordinary course of business not overdue for more than 60 days), (d) all obligations of such Person to reimburse any Person with respect to amounts paid under a letter of credit or similar instrument, (e) all Indebtedness of other Persons secured by a Lien on any property of such Person, whether or not such Indebtedness is assumed by such Person, and
a.all Indebtedness of other Persons guaranteed by such Person.

“Indemnified Taxes” means Taxes other than Excluded Taxes.

“Indemnitee” has the meaning set forth in Section 10.3(b).

“Interest Period” means, with respect to each Borrowing and the Loan constituting the same, each fiscal quarterly period of the Borrower occurring during the Availability Period.

“Lender” has the meaning set forth in the introduction hereto.

“LIBOR” means the 3 Month LIBOR for Dollars published by Reuters (or such other published source as the Lender may select in its sole discretion) on the first day of each Interest Period.

“Lien” means any mortgage, lien, pledge, charge, encumbrance or other security interest or any preferential arrangement that has the practical effect of creating a security interest.

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“Loan” has the meaning set forth in Section 2.1.

“Material Adverse Effect” means a material adverse change in or effect on (a) the business, condition (financial or otherwise), operations, performance, property or prospects of the Borrower and its Subsidiaries taken as a whole, (b) the ability of the Borrower to perform its obligations under this Agreement, (c) the legality, validity, binding effect or enforceability of any provision of this Agreement or (d) the rights and remedies of the Lender under any provision of this Agreement.

“Material Indebtedness” means, at any time, as to any Person, Indebtedness of such Person the outstanding principal amount of which, individually or in the aggregate, is equal to or greater than $5,000,000.

“Net Proceeds” means, with respect to any Asset Disposition, (a) the proceeds received in respect of such Asset Disposition in cash, instruments, securities or other property, including any cash, instruments, securities or other property received in respect of any non-cash proceeds, including any cash received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment or earn-out, but only as and when received, minus (b) the sum of (i) all fees and out-of- pocket expenses actually paid by the Borrower or the relevant Subsidiary, as applicable, in connection with such Asset Disposition, (ii) any funded escrow established pursuant to the documents evidencing any Asset Disposition to secure any indemnification obligations or adjustments to the purchase price associated with such Asset Disposition, provided that the amount of any subsequent reduction of such escrow (other than in connection with a payment in respect of any such liability) shall be deemed to be Net Proceeds occurring on the date of such reduction solely to the extent that the Borrower or any of its Subsidiaries receives cash in an amount equal to the amount of such reduction, (iii) the amount of all payments that are permitted hereunder and are actually made by the Borrower or the relevant Subsidiary, as applicable, as a result of such event to repay Indebtedness (other than the Loans) directly secured by such asset, (iv) the pro rata portion of net cash proceeds thereof (calculated without regard to this clause (b)(iv)) attributable to minority interests or other shareholdings (other than that of the Lender) and not lawfully available for distribution to or for the account of the Borrower or any of its Subsidiaries as a result thereof, (v) the amount of any liabilities directly associated with such asset and retained by the Borrower or the relevant Subsidiary, as applicable, and (vi) the amount of all Taxes actually paid (or reasonably estimated to be payable, including any withholding Taxes estimated to be payable in connection with the repatriation of such Net Proceeds) with respect to such Asset Disposition.

“Notice of Borrowing” has the meaning set forth in Section 2.2.

“Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made under this Agreement or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement.

“Permitted Indebtedness” means (a) Indebtedness owing to the Lender, (b) Indebtedness in respect of workers’ compensation claims, property casualty or liability insurance, and self-insurance obligations, in each case in the ordinary course of business, (c) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business, and (d) Indebtedness in connection with performance bonds, bid bonds, appeal bonds, bankers acceptances, insurance obligations, workers’ compensation claims, health or other types of social security benefits, surety bonds, completion guarantees or other similar bonds and

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obligations, including self-bonding arrangements, issued by the Borrower or a Subsidiary thereof in the ordinary course of business or pursuant to self-insurance obligations and in each case not in connection with the borrowing of money or the obtaining of advances.

“Permitted Liens” means (a) non-commercial Liens arising solely by operation of applicable law, (b) Liens in favor of the Lender, (c) Liens for Taxes, assessments or other governmental charges not delinquent or being contested in good faith, (d) deposits or pledges to secure obligations under worker’s compensation, social security or similar laws, or under unemployment insurance, (e) deposits or pledges to secure bids, tenders, contracts (other than contracts for the payment of money), leases, statutory obligations, surety and appeal bonds and other obligations of like nature arising in the ordinary course of business, (f) mechanics’, workers’, materialmen’s, carrier’s, repairmen’s or other like Liens arising in the ordinary course of business with respect to obligations which are not yet due and payable or which are being contested in good faith, and (g) licenses or sublicenses of patents, trademarks and other intellectual property rights granted by the Borrower or any of its Subsidiaries in the ordinary course of business and not interfering in any respect with the ordinary course of business of the Borrower of such Subsidiary.

“Person” means any natural person, corporation, company, voluntary association, partnership, limited liability company, joint venture, trust, unincorporated organization or Governmental Authority or other entity of whatever nature.

“Related Parties” means, with respect to any Person, such Person’s Affiliates and such Person’s and such Person’s Affiliates’ respective managers, administrators, trustees, partners, members, directors, officers, employees, agents and advisors.

“Subsidiary” of any Person means any corporation, partnership, limited liability company or other entity more than 50% of the voting power represented by the Voting Stock of which is owned or controlled, directly or indirectly, by such Person and/or by any Subsidiary of such Person.

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to Tax or penalties applicable thereto.

“Voting Stock” means, with respect to any Person, any class or classes of capital stock or partnership or limited liability company units or other ownership interests pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect directors, managers or trustees of such Person (irrespective of whether or not, at the time, stock of any other class or classes has, or might have, voting power by reason of the happening of any contingency).

1.2GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time.

1.3Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. 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.” Unless the context requires otherwise

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(a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Sections or Exhibits shall be construed to refer to Sections of or Exhibits to this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, supplemented or otherwise modified from time to time, (f) 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, (g) the word “from” when used in connection with a period of time means “from and including” and the word “until” means “to but not including” and (h) references to days, months, quarters and years refer to calendar days, months, quarters and years, respectively.

SECTION 2.    THE COMMITMENT.

2.1Loans. The Lender agrees, on and after the Effective Date, and subject to the terms and conditions of this Agreement, to make loans to the Borrower (each, a “Loan”) from time to time on any Business Day during the Availability Period in Dollars in an aggregate principal amount at any one time outstanding up to but not exceeding the Commitment. Within such limit and subject to the other terms and conditions of this Agreement, the Borrower may borrow under this Section 2.1, prepay under Section 3.3, and reborrow under this Section 2.1. The Borrower agrees that the Lender’s books and records shall be prima facie evidence of the date, amount and due date of each Loan and of all interest accrued thereon.

2.2Borrowing. The Borrower shall give the Lender notice of each Borrowing in substantially the form of Exhibit A hereto (each, a “Notice of Borrowing”). Each Notice of Borrowing shall be signed by the chief financial officer of the Borrower and will include the information and the certifications set forth in Exhibit A. Each Borrowing shall be in the amount of $500,000 or an integral multiple of $100,000 in excess thereof. Each Notice of Borrowing shall be effective only if received by the Lender not later than 11:00 a.m. Eastern time on the date which is five (5) Business Days prior to the relevant Borrowing Date. Each Notice of Borrowing shall specify the amount to be borrowed and the relevant Borrowing Date. Not later than 11:00 a.m. Eastern time on each Borrowing Date, subject to the terms and conditions of this Agreement, the Lender shall make available to the Borrower the amount of the Loan to be made on such Borrowing Date in such manner as may be agreed by the Lender and the Borrower.

2.3Changes of Commitment.

i.The Borrower shall have the right to request a one-time increase to the amount of the Commitment of up to $30 million (such that, following such $30 million increase, the aggregate principal amount at any one time outstanding under this Agreement may equal but shall not exceed $60 million); provided that the Lender shall have the right either to approve or to deny such request in whole or in part in its sole discretion. In connection with such a request, the Borrower shall deliver to the Lender a notice of the request not later than 11:00 a.m. Eastern time on the date ten (10) Business Days prior to the date upon which the requested increase shall become effective. Such notice shall specify the amount of the increase in the Commitment requested by the Borrower and the requested effective date of such increase. No later than five (5) Business Days following receipt of such a notice pursuant to this Section

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2.3(a), the Lender shall notify the Borrower as to whether the requested increase to the amount of the Commitment has been approved or denied in whole or in part; provided that any failure by the Lender to deliver such notice shall be deemed to be a denial of the requested increase.

(b)The Commitment shall be automatically reduced to zero on the earlier of (i) 5:00
p.m. Eastern time on the last day of the Availability Period and (ii) the date on which a Change of Control of the Borrower shall occur.

(c)The Borrower shall have the right to terminate or reduce the unused amount of the Commitment at any time or from time to time upon not less than three (3) Business Days’ prior notice to the Lender; provided that the Borrower may not reduce the Commitment to an amount less than the aggregate principal amount of all Loans then outstanding under the Agreement. The Commitment once terminated or reduced pursuant to this Section 2.3 may not be reinstated. Following such a termination or reduction in the unused amount of the Commitment, any Loans made by the Lender shall remain outstanding, and shall become due in accordance with the terms of this Agreement.
2.4Fees. The Borrower agrees to pay to the Lender a commitment fee, which shall accrue at a rate of 0.35% on the average daily amount of the Available Commitment during the period from and including the Effective Date to but excluding the Commitment Termination Date. Accrued commitment fees shall be payable on the Commitment Termination Date and shall be calculated on the basis of a 360-day year for the actual number of days elapsed.
2.5Use of Proceeds. The Borrower shall use the proceeds of the Loans for working capital, acquisitions of companies, business and assets, and other general corporate purposes; provided that the proceeds of the Loans shall not be used to repay other Indebtedness incurred by the Borrower. The Lender shall not have any responsibility as to the use of any of such proceeds.

SECTION 3.    PAYMENTS OF PRINCIPAL AND INTEREST.

3.1Repayment. The Borrower agrees to repay to the Lender the full principal amount of each Loan outstanding, together with accrued interest thereon, on the Commitment Termination Date.

3.2Interest.

(a)Interest Generally. Interest shall accrue on the outstanding principal amount of each Loan for the period from the relevant Borrowing Date until the date such Loan shall be paid in full, at the per annum rate of interest which, for each Interest Period, is equal to the Applicable Margin plus LIBOR (or such other agreed rate) for such Interest Period, calculated on the basis of a 360-day year for the actual number of days elapsed.

(b)Interest Payment Dates. Accrued interest on each Loan shall be payable on the last day of each Interest Period, and upon the payment or prepayment thereof (on the principal amount so paid or prepaid).

(c)Any principal of or interest on any Loan that is not paid in full when due (whether at stated maturity, by acceleration or otherwise) shall bear interest until paid in full at a rate per annum equal to 2% above the rate of interest otherwise applicable to Loans under this Agreement. Interest

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on amounts in Default shall be payable on demand by the Lender from time to time.

3.3Prepayments.

(a)Optional Prepayments. The Borrower shall have the right to prepay the Loans in whole or in part at any time or from time to time, without penalty or premium. In connection with any such optional prepayment, the Borrower shall give the Lender a notice of such optional prepayment, which shall be effective only if received by the Lender not later than 11:00 a.m. Eastern time on the date which is five (5) Business Days prior to the relevant date of prepayment. Each notice of optional prepayment shall specify the amount to be prepaid and the date of prepayment (and, upon the date specified in any such notice, the amount to be prepaid shall become due and payable hereunder). Each partial prepayment shall be in the aggregate amount of $250,000 or an integral multiple of $50,000 in excess thereof.

(b)Mandatory Prepayments.

(i)Repayment Upon Change of Control. In the event that a Change of Control occurs after the date hereof and prior to the repayment in full of the Loans and the termination of the Commitments, the Commitments shall automatically terminate, and the Borrower shall pay to the Lender an aggregate amount equal to all amounts outstanding under this Agreement, including principal of all Loans, all accrued and unpaid interest thereon and any other amounts that may be or become due under this Agreement to the Lender.

(ii)Illegality, etc. Notwithstanding any other provision of this Agreement, if the Lender shall notify the Borrower that any Change in Law makes it unlawful for the Lender to perform its obligations hereunder to make Loans or to fund or otherwise maintain Loans hereunder, (a) the obligation of the Lender to make Loans shall be suspended until the Lender shall notify the Borrower that the circumstances causing such suspension no longer exist and (b) if such Change in Law shall so mandate, the Loans shall be prepaid by the Borrower, together with accrued and unpaid interest thereon and all other amounts payable by the Borrower under this Agreement, on or before such date as shall be mandated by such Change in Law or, if earlier, on the date required by the Lender in a notice to the Borrower.

(iii)In the event of any Asset Disposition, the Borrower shall, on the date of receipt by it or a Subsidiary of any Net Proceeds of such Asset Distribution, prepay the Loans and Notes in an amount equal to the Net Proceeds of such Asset Dispositions, together with accrued and unpaid interest on the amount prepaid through the date of prepayment and all other amounts payable by the Borrower under this Agreement, and the Commitment, if then in effect, shall be reduced or terminated, as applicable, by an amount equal to such Net Proceeds; provided, that the Borrower shall not be required to make any prepayment pursuant to this Section 3.3(b)(iii) until the Net Proceeds of Asset Dispositions exceed $5,000,000 in the aggregate, in which event, the Borrower shall be required to make prepayment only of the amount of such Net Proceeds which exceeds
$5,000,000.

(c)Other Amounts. All prepayments under this Section 3.3 shall be accompanied by interest accrued on the principal amount prepaid.

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SECTION 4.    PAYMENTS, ETC.

4.1Payments.

(a)Payments Generally. Each payment of principal, interest and other amounts to be made by the Borrower under this Agreement shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to such account as the Lender may specify from time to time, not later than 11:00 a.m. Eastern time on the date on which such payment shall become due (each such payment made after such time on such due date to be deemed to have been made on the next succeeding Business Day).

(b)Application of Payments. The Borrower shall, at the time of making each payment under this Agreement, specify to the Lender the amounts payable by the Borrower hereunder to which such payment is to be applied (and in the event that the Borrower fails to so specify, or if an Event of Default has occurred and is continuing, the Lender may apply such payment in such manner as it may determine to be appropriate in its sole discretion).

(c)Application of Insufficient Payments. If at any time insufficient funds are received by the Lender to pay fully all amounts of principal, interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, (ii) then, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.

(d)Non-Business Days. If the due date of any payment under this Agreement would otherwise fall on a day that is not a Business Day, such date shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

4.2Computations. Interest on the Loans and fees hereunder shall be computed on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the period for which payable.

4.3Set-Off. Upon the occurrence and during the continuance of any Event of Default, the Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all indebtedness at any time owing by the Lender or such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement to the Lender, irrespective of whether or not the Lender shall have made any demand under this Agreement. The Lender agrees promptly to notify the Borrower after any such set-off and application; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Lender and its Affiliates under this Section 4.3 are in addition to other rights and remedies (including other rights of set- off) that the Lender and its Affiliates may have. Nothing contained in this Section 4.3 shall require the Lender to exercise any such right or shall affect the right of the Lender to exercise, and retain the benefits of exercising, any such right with respect to any other indebtedness or obligation of the Borrower.

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SECTION 5.    TAXES.
(a)Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower hereunder shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes; provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions for Indemnified Taxes or Other Taxes (including deductions for Indemnified Taxes or Other Taxes applicable to additional sums payable under this Section) the Lender shall receive an amount equal to the sum it would have received had no such deductions for Indemnified Taxes or Other Taxes been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

(b)Payment of Other Taxes by the Borrower. Without limiting the provisions of subsection (a) above, the Borrower shall timely pay any Other Taxes that arise from any payment made by it under, or otherwise with respect to, this Agreement to the relevant Governmental Authority in accordance with applicable law.

(c)Indemnification by the Borrower. The Borrower shall indemnify the Lender for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 5) attributable to the Borrower under this Agreement and paid by the Lender and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by the Lender shall be conclusive and binding absent manifest error.

SECTION 6.    CONDITIONS PRECEDENT.

6.1Conditions to Closing. The effectiveness of this Agreement and the Commitment of the Lender shall be subject to the conditions precedent that (a) no applicable law or regulation shall restrain, prevent or, in the reasonable judgment of the Lender, impose materially adverse conditions upon the transactions contemplated hereby, and (b) the Lender shall have received, on or prior to March 25, 2021 the following documents, each of which shall be in form and substance satisfactory to the Lender:

(a)this Agreement, duly executed and delivered by the Borrower and the Lender;

(b)copies of all licenses, consents, authorizations and approvals of, and notices to and filings and registrations with, any Governmental Authority (including all foreign exchange approvals), and of all third-party consents and approvals, necessary in connection with the making and performance by the Borrower of the Agreement and the transactions contemplated thereby;

(c)copies of the resolutions of the Board of Directors of the Borrower authorizing the making and performance by it of the Agreement; and

(d)such other documents relating hereto as the Lender shall reasonably request.

6.2Additional Conditions to Borrowings. The obligation of the Lender to make each

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Loan to be made by it is also subject to the further conditions precedent that both immediately prior to the making of such Loan and after giving effect thereto and to the intended use of proceeds thereof:

(a)no Default shall have occurred and be continuing;

(b)there shall have occurred no event or condition that could reasonably be expected to result in a Material Adverse Effect;

(c)the representations and warranties made by the Borrower in Section 7 shall be true in all respects on and as of the relevant Borrowing Date and immediately after giving effect to the application of the proceeds of the relevant Borrowing with the same force and effect as if made on and as of such date (unless expressly stated to relate to an earlier date, in which case such representations and warranties shall be true in all respects as of such earlier date); and

(d)the Lender shall have received such other documents relating hereto as the Lender shall reasonably request, each of which shall be in form and substance satisfactory to the Lender.

The giving of a Notice of Borrowing shall constitute a certification by the Borrower to the effect that the conditions set forth in this Section 6.2 have been fulfilled (both as of the date of such Notice of Borrowing and, unless the Borrower otherwise notifies the Lender prior to the relevant Borrowing Date, as of such Borrowing Date).
SECTION 7.    REPRESENTATIONS AND WARRANTIES.

The Borrower represents and warrants to the Lender that:

7.1Power and Authority. Each of the Borrower and each of its Subsidiaries (a) is a company duly organized and validly existing under the laws of its jurisdiction of organization, (b) has all requisite corporate or other power, and has all material governmental licenses, authorizations, consents and approvals necessary to own its property and carry on its business as now being or as proposed to be conducted except to the extent that failure to have the same could not reasonably be expected to have a Material Adverse Effect, (c) is qualified to do business and is in good standing in all jurisdictions in which the nature of the business conducted by it makes such qualification necessary and where failure so to qualify could (either individually or in the aggregate) have a Material Adverse Effect, (d) is in material compliance with all applicable laws and regulations and all agreements binding on or affecting it or any of its property, and (e) has good title to all its assets, free and clear of any Liens or adverse claims except as expressly permitted by this Agreement. The Borrower has full power, authority and legal right to make and perform this Agreement and to borrow the Loans hereunder.

7.2Due Authorization, Etc. The making and performance by the Borrower of this Agreement and all other documents and instruments to be executed and delivered hereunder by the Borrower have been duly authorized by all necessary corporate action, and do not and will not contravene
(a) the constitutive documents of the Borrower, (b) any applicable law or regulation, (c) any judgment, award, injunction or similar legal restriction or (d) any agreement or instrument binding on or affecting the Borrower or any of its property, and do not and will not result in the imposition of any Lien on any property of the Borrower.

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7.3Governmental and Other Approvals. No license, consent, authorization or approval or other action by, or notice to or filing or registration with, any Governmental Authority (including any foreign exchange approval), and no other third-party consent or approval, is necessary for the due execution, delivery and performance by the Borrower of this Agreement or for the legality, validity or enforceability thereof against the Borrower, and there is no law, regulation or decree that imposes material adverse conditions upon the credit facility contemplated hereby.

7.4Legal Effect. This Agreement has been duly executed and delivered by the Borrower and is the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or other similar laws relating to or affecting the rights of creditors generally, and except as the enforceability of this Agreement is subject to the application of general principles of equity (regardless of whether considered in a proceeding inequity or at law).

7.5No Default. No Default has occurred and is continuing.

7.6Ranking. The payment obligations of the Borrower hereunder are and will at all times be senior unsecured obligations of the Borrower, and will at all times rank at least pari passu in right of payment with all other present and future senior unsecured Indebtedness of the Borrower.

7.7Litigation. There is no litigation, investigation or proceeding pending or, to the best of the Borrower’s knowledge, threatened by or before any Governmental Authority or arbitrator that (either individually or in the aggregate) could reasonably be expected to have a Material Adverse Effect.

SECTION 8.    COVENANTS OF THE BORROWER.

The Borrower covenants and agrees with the Lender that, so long as the Commitment or any Loan is outstanding and until payment in full of all amounts payable by the Borrower hereunder:

8.1Corporate Existence, Etc. The Borrower will, and will cause each of its Subsidiaries to, (a) preserve and maintain its corporate existence and (b) preserve and maintain all of its material rights, privileges, licenses and franchises, including all trade names, patents and other intellectual property necessary for its business, except in the case of this clause (b) to the extent the failure to preserve and maintain the same could not reasonably be expected to have a Material Adverse Effect.

8.2Compliance with Law. The Borrower will, and will cause each of its Subsidiaries to, (a) comply in all material respects with the requirements of all applicable laws, rules, regulations and orders of Governmental Authorities and all agreements binding on or affecting the Borrower or such Subsidiary or any of their respective properties, except where the necessity of compliance therewith is being contested in good faith by appropriate proceedings and for which adequate reserves have been made if required in accordance with GAAP, (b) timely file all required tax returns and pay and discharge at or before maturity all of its material obligations (including tax liabilities, except where the same are contested in good faith and by appropriate proceedings and against which adequate reserves are being maintained to the extent required by GAAP and where the failure to pay or discharge such obligations or liabilities would not result in a Material Adverse Effect), (c) maintain all of its
property used in its business in good working order and condition, ordinary wear and tear excepted, and (d) maintain insurance with respect to its property and businesses.

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8.3Governmental Authorizations. The Borrower will, and will cause each of its Subsidiaries to, promptly from time to time obtain and maintain in full force and effect all licenses, consents, authorizations and approvals of, and make all filings and registrations with, any Governmental Authority necessary under applicable law for the making and performance by it of this Agreement.

8.4Information. The Borrower will provide to the Lender: (a) such information relating to the financial condition, business, prospects, or affairs of the Borrower as the Lender may from time to time reasonably request; (b) not later than five (5) days after any officer of the Borrower obtains knowledge of the occurrence of any Default, a certificate of the chief financial officer of the Borrower setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto; and (c) promptly upon the commencement of, or any material adverse development in, any litigation, investigation or proceeding against the Borrower or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect, notice thereof with a description thereof in reasonable detail.

8.5Keeping of Books; Inspection Rights. The Borrower will, and will cause each of its Subsidiaries to, (a) keep proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and such Subsidiary in accordance with GAAP and (b) permit representatives of the Lender to visit and inspect the Borrower’s properties, examine its books of account and records and discuss the Borrower’s affairs, finances, and accounts with its officers, during normal business hours of the Borrower as may be reasonably requested by the Lender.

8.6Ranking. The Borrower will promptly take all actions as may be necessary to ensure that the payment obligations of the Borrower under this Agreement will at all times constitute senior unsecured obligations of the Borrower ranking at least pari passu in right of payment with all other present and future senior unsecured Indebtedness of the Borrower.

8.7Negative Pledge. The Borrower shall not, and shall not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any of their property or assets, tangible or intangible, now owned or hereafter acquired, or agree or become liable to do so.

8.8Indebtedness. The Borrower shall not, and shall not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness (other than Permitted Indebtedness).

8.9Net Proceeds Reporting. The Borrower shall promptly notify the Lender in writing if the Net Proceeds of Asset Dispositions exceed $5,000,000 in the aggregate.
8.10Remedies Cumulative. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative.

8.11Further Assurances. The Borrower will from time to time give, execute, deliver, file and/or record any notice, instrument, document, agreement or other papers that may be necessary or desirable or that may be reasonably requested by the Lender to further effectuate the purposes of this Agreement or the enforceability thereof against the Borrower.

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SECTION 9.    EVENTS OF DEFAULT.

If one or more of the following events (each, an “Event of Default”) shall occur and be
continuing:

(a)the Borrower shall fail to pay when due (i) any principal of any Loan or (ii) any interest or any other amount whatsoever payable hereunder, and such failure to pay shall, in the case of this clause (ii) only, continue for five (5) Business Days;

(b)any representation, warranty or certification made or deemed made by the Borrower herein (or in any modification or supplement hereto or thereto) or in any certificate furnished to the Lender pursuant to the provisions hereof or thereof shall prove to have been untrue in any material respect as of the time made or furnished;

(c)(i) the Borrower shall fail to perform or observe any of its obligations under Section 8.1, or (ii) the Borrower shall fail to perform or observe any of its obligations under this Agreement (other than as referred to in clause (a) or (c)(i) above) if such failure shall remain unremedied for thirty (30) or more days;

(d)(i) the Borrower or any Subsidiary thereof shall default in the payment of any principal of or interest on any Material Indebtedness (whether at stated maturity or at mandatory or optional prepayment or otherwise) and such default shall continue beyond any applicable grace period set forth in the agreements or instruments evidencing or governing such Material Indebtedness, or (ii) any default or event of default shall occur under any agreement or instrument evidencing or governing any Material Indebtedness of the Borrower or any Subsidiary thereof if the effect thereof is to accelerate the maturity thereof, or to permit the holder or holders of such Material Indebtedness, or an agent or trustee on its or their behalf, to accelerate the maturity thereof, or to require the mandatory prepayment or redemption thereof;

(e)the Borrower or any of its Subsidiaries shall admit in writing its inability to,or be generally unable to, pay its debts as such debts become due;

(f)the Borrower or any of its Subsidiaries shall (i) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee, examiner or liquidator of itself or of all or a substantial part of its property, (ii) make a general assignment for the benefit of its creditors, (iii) file a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, suspension of payments, liquidation, dissolution, arrangement or winding-up, or composition or readjustment of debts or (iv) take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts described in this clause (f);

(g)a proceeding or case shall be commenced against the Borrower or any of its Subsidiaries, without its application or consent, seeking (i) its reorganization, liquidation, dissolution, arrangement or winding up, (ii) the appointment of a receiver, custodian, trustee, examiner, liquidator or like Person of it or of all or any substantial part of its property or (iii) similar relief with respect to it under any law relating to bankruptcy, insolvency, reorganization, winding up, or composition or adjustment or debts, and such proceeding or case shall continue undismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of sixty

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(60) or more days, or a declaration of bankruptcy or suspension of payments shall be entered against the Borrower or such Subsidiary under the bankruptcy laws of the United States of America as now or hereafter in effect; or

(h)this Agreement shall become unenforceable or the performance of the obligations of the Borrower thereunder shall become illegal; or

(i)a Change of Control shall occur;

THEREUPON: in any such event, the Lender may, by notice to the Borrower, (i) declare the Commitment to be terminated forthwith, whereupon the Commitment shall forthwith terminate, and/or
(ii) declare the principal of and the accrued interest on the Loans and all other amounts whatsoever payable by the Borrower hereunder to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; provided that, in the case of an Event of Default of the kinds referred to in clause (f) or (g) with respect to the Borrower, the Commitment shall automatically terminate and the Loans and all such other amounts shall automatically become due and payable, without any further action by any party.

SECTION 10. MISCELLANEOUS.

10.1Notices.

(a)All notices, demands, requests, consents and other communications provided for in this Agreement shall be given in writing and addressed to the party to be notified as follows:
(i)if to the Borrower: SecureWorks, Inc.
One Concourse Parkway NE Atlanta, Georgia 30328 Attention of: George B. Hanna
E-Mail Address: ghanna@secureworks.com

(ii)if to the Lender:

Dell USA L.P.
c/o Dell Inc. One Dell Way
Round Rock, Texas 78682 Attention of: Robert Potts E-Mail Address: Robert.Potts@Dell.com

or, as to either party, at such other address as it shall notify the other party in writing.

(b)All notices, demands, requests, consents and other communications described in clause (a) shall be effective (i) if delivered by hand, including any overnight courier service, upon personal delivery, (ii) if delivered by mail, when deposited in the mail, or (iii) if delivered by electronic mail, when

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transmitted to an electronic mail address and sender has received a return receipt thereof; provided that notices and communications to the Lender pursuant to Section 2 or Section 9 shall not be effective until received by the Lender.

10.2No Waiver. No failure on the part of the Lender to exercise and no delay in exercising, and no course of dealing with respect to, any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege under this Agreement preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The remedies provided herein are cumulative and not exclusive of any remedies provided by law.

10.3Expenses, Etc.

(a)Costs and Expenses. The parties shall pay their own expenses with respect this Agreement and the transactions contemplated hereby; provided that the Borrower shall pay to the Lender, no later than thirty (30) days after receipt of a reasonably detailed invoice from the Lender, all reasonable and documented out-of-pocket expenses incurred by the Lender, including the reasonable fees, charges and disbursements of counsel to the Lender, in connection with the enforcement or protection of its rights in connection with this Agreement, including such expenses incurred during any workout, restructuring or negotiations in respect of the Loans.

(b)Indemnification by the Borrower. The Borrower shall indemnify the Lender and each Related Party thereof (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or the use or proposed use of the proceeds therefrom, or (iii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee.

10.4Amendments, Etc. Except as otherwise expressly provided in this Agreement, any provision of this Agreement may be modified or supplemented only by an instrument in writing signed by the Borrower and the Lender, and any provision of this Agreement may be waived only by the Lender.

10.5Successors and Assigns.

(a)Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Lender, and the Lender may not assign or otherwise transfer any of its rights or obligations hereunder except as permitted by this Section 10.5 (and

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any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, and, to the extent expressly contemplated hereby, the respective Related Parties of the Lender) any legal or equitable right, remedy or claim under or by reason of this Agreement.

(b)Assignments by Lender.  The Lender may at any time assign all or a portion of its rights and obligations under this Agreement (including all or a portion of the Commitment and the Loans) with the prior written consent of the Borrower, which consent shall not be unreasonably withheld or delayed; provided that no such consent shall be required for an assignment to an Affiliate of the Lender, or, if a Default has occurred and is continuing, any other Person. In the event of any such assignment, the Lender and the assignee or assignees may enter such intercreditor arrangements as they may determine to be necessary or advisable for the purpose of determining voting rights and similar issues hereunder. From and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of the Lender under this Agreement, and the Lender shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the Lender’s rights and obligations under this Agreement, the Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 5 and 10.3 with respect to facts and circumstances occurring prior to the effective date of such assignment.

(c)Certain Pledges. The Lender may at any time pledge or assign as collateral all or any portion of its rights under this Agreement to secure obligations of the Lender; provided that no such pledge or assignment shall release the Lender from any of its obligations hereunder or substitute any such pledgee or assignee for the Lender as a party hereto.

10.6Survival. The obligations of the Borrower under Sections 5 and 10 shall survive the repayment of the Loans and the termination of the Commitment and, in the case of any assignment by the Lender of any interest in the Commitment or Loans hereunder, shall survive, in the case of any event or circumstance that occurred prior to the effective date of such assignment, the making of such assignment, notwithstanding that the Lender may cease to be the “Lender” hereunder. In addition, each representation and warranty made, or deemed to be made by a notice of any Loan, herein or pursuant hereto shall survive the making of such representation and warranty.

10.7Captions. The section headings appearing herein are included solely for convenience of reference and are not intended to affect the interpretation of any provision of this Agreement.

10.8Counterparts. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or electronic mail shall be effective as delivery of a manually executed counterpart of this Agreement.

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10.9Governing Law; Jurisdiction, Service of Process and Venue.

(a)Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of Texas, without giving effect to any choice or conflict of law provision or rule (whether of the State of Texas or any other jurisdiction) that would cause the application of the applicable laws of any jurisdiction other than the State of Texas.

(b)Submission to Jurisdiction. The Borrower irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the courts of the State of Texas sitting in Travis County and of the United States District Court for the Western District of Texas, and any applicable appellate court, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims with respect to any such action or proceeding may be heard and determined in such Texas State court or, to the fullest extent permitted by applicable law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Lender may otherwise have to bring any action or proceeding relating to this Agreement against the Borrower or its property in the courts of any jurisdiction.

(c)Alternative Process. Nothing herein shall in any way be deemed to limit the ability of the Lender to serve any such process or summonses in any other manner permitted by applicable law.

(d)Waiver of Venue, Etc. Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement in any court referred to in subsection (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

10.10Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

10.11Entire Agreement. This Agreement constitutes the entire contract among the parties relating to the subject matter hereof and thereof and supersedes any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and thereof.

10.12Severability. If any provision hereof is found by a court to be invalid or unenforceable, to the fullest extent permitted by applicable law the parties agree that such invalidity or

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unenforceability shall not impair the validity or enforceability of any other provision hereof.

10.13No Fiduciary Relationship. The Borrower acknowledges that the Lender has no fiduciary relationship with, or fiduciary duty to, the Borrower arising out of or in connection with this Agreement. This Agreement does not create a joint venture among the parties.

[Signatures on Next Page]

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

BORROWER

SECUREWORKS, INC.

By:     /s/ Paul Parrish     Name: Paul Parrish
Title: Chief Financial Officer

LENDER

DELL USA L.P.

By:     /s/ Robert Potts     Name: Robert Potts
Title: Senior Vice President, Assistant Secretary

EXHIBIT A

[FORM OF NOTICE OF BORROWING] NOTICE OF BORROWING
     ,      

Dell USA L.P.
c/o Dell Inc. One Dell Way
Round Rock, Texas 78682 Attention of: [●]

Ladies and Gentlemen:

The undersigned refers to the Fourth Amended and Restated Revolving Credit Agreement, dated as of     [●], 2021 (as amended, supplemented or otherwise modified, the “Credit Agreement”), by and between the undersigned and you. Capitalized terms used herein shall have the meanings ascribed to them in the Credit Agreement. The undersigned hereby gives you notice, irrevocably, pursuant to Section 2.2 of the Credit Agreement, that the undersigned hereby wishes to make a Borrowing, and in that connection sets forth below the information relating to such Borrowing:

(i)The Business Day of the requested Borrowing is     ,    .

(ii)The amount of the requested Borrowing is $     .

(iii)The proceeds of the Loan constituting the requested Borrowing are to be remitted to: [specify account information].
The undersigned hereby certifies that the conditions precedent set forth in clauses (a) and
(b) of Section 6.2 of the Credit Agreement have been fulfilled as of the date hereof, and that the representations and warranties set forth in Section 7 thereof are true in all respects on the date hereof and will be true in all respects as of the date of the requested Borrowing with the same force and effect as if made on and as of each such date (unless expressly stated to relate to an earlier date, in which case such representations and warranties shall be true in all respects as of such earlier date).

Very truly yours, SECUREWORKS, INC.

By     Name:
Title:

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