Document:

Exhibit

Exhibit 10.3

Execution Version

August 7, 2017

Cheniere Energy Partners, L.P. 
700 Milam St., Suite 1900
Houston, Texas 77002 
Attention: Treasurer 
Telephone: 713-375-5290
Fax: 713-375-6000
Email: lisa.cohen@cheniere.com

Re:  Administrative Amendment to the Credit Agreement

Ladies and Gentlemen:

Reference is made to (i) the Credit and Guaranty Agreement, dated as of February 25, 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Cheniere Energy Partners, L.P. (the “Borrower”), certain Subsidiaries of Borrower as and that become Subsidiary Guarantors from time to time in accordance with the terms thereof, the Lenders party thereto from time to time, the Issuing Banks party thereto from time to time, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Administrative Agent (the “Administrative Agent”) and (ii) the Intercreditor Agreement, dated as of February 25, 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among the Borrower, each Subsidiary Guarantor party thereto from time to time, the Administrative Agent, MUFG Union Bank, N.A., as collateral agent for the First Lien Secured Parties (the “Collateral Agent”) and each Senior Class Debt Representative from time to time party hereto. Capitalized terms used but not defined herein have the meanings assigned to them in the Credit Agreement or, if not defined therein, the Intercreditor Agreement.

1.Consent to Amend Section 2.23 of the Credit Agreement. Pursuant to  Section 10.5 of the Credit Agreement and Section 2.11(c) of the Intercreditor Agreement, the Collateral Agent, Administrative Agent, the Borrower and the Subsidiary Guarantors hereby agree to amend the Credit Agreement in accordance with the following Administrative Decision (the “Amendment”):

The word “secured” shall be inserted before the words “Replacement Debt” in clauses (g) and (k) of Section 2.23 (Replacement Debt) of the Credit Agreement.

2.Effectiveness. The Amendment set forth herein shall be effective only in the specific instance described herein and for the specific purpose for which it was given, and nothing herein shall be construed to limit or bar any rights or remedies of any First Lien Secured Party. For the avoidance of doubt and without limiting the generality of the foregoing, no other change, amendment, consent 

or waiver with respect to the terms and provisions of any other Financing Document, Material Contract or Additional Material Contract is intended or contemplated hereby (which terms and provisions remain unchanged and in full force  and effect). Nothing herein shall be construed as or deemed to be (a) a waiver or consent by the Requisite Lenders of any past, present or future breach or non-compliance with any terms or provisions contained in any Financing Document, Material Contract or Additional Material Contract or (b) a guide to, or an intent or indication of, future actions or decisions by any First Lien Secured Party.

3.Governing Law. This Amendment shall for all purposes be governed by and construed in accordance with the laws of the State of New York, United States of America without any reference to the conflict of law principles thereof (other than Section 5-1401 of the New York General Obligations Law).

4.Financing Document. This Amendment constitutes a Financing Document as such term is defined in, and for purposes of, the Credit Agreement.

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

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

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

[Signature Page Follows]

2

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

	
		
	THE BANK OF TOKYO-MITSUBISHI UFJ,

	LTD.,

	as Administrative Agent

	 
	 

	 

	By:
	/s/ Lawrence Blat

	Name:  Lawrence Blat

	Title:    Authorized Signatory

SIGNATURE PAGE TO ADMINISTRATIVE DECISION (CREDIT AGREEMENT AMENDMENT)

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

	
		
	MUFG UNION BANK, N.A.,

	as Collateral Agent

	 
	 

	 

	By:
	/s/ Rafael E. Miranda

	Name:  Rafael E. Miranda

	Title:    Vice President

SIGNATURE PAGE TO ADMINISTRATIVE DECISION (CREDIT AGREEMENT AMENDMENT)

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

	
			
	CHENIERE ENERGY PARTNERS, L.P.,

	as Borrower,
	 

	 
	 
	 

	 
	By: CHENIERE ENERGY PARTNERS GP, LLC,

	 
	its general partner
	 

	 
	 
	 

	 
	 
	 

	By:
	/s/ Lisa C. Cohen
	 

	Name:  Lisa C. Cohen
	 

	Title:    Vice President and Treasurer
	 

	 
	 
	 

	CHENIERE ENERGY INVESTMENTS, LLC

	 
	 
	 

	 
	 

	By:
	/s/ Lisa C. Cohen
	 

	Name:  Lisa C. Cohen
	 

	Title:    Treasurer
	 

	 
	 
	 

	 
	 
	 

	CHENIERE PIPELINE GP INTERESTS, LLC

	 
	 
	 

	 
	 
	 

	By:
	/s/ Lisa C. Cohen
	 

	Name:  Lisa C. Cohen
	 

	Title:    Treasurer
	 

	 
	 
	 

	 
	 
	 

	CHENIERE CREOLE TRAIL PIPELINE, L.P.,

	a Delaware limited partnership
	 

	 
	 
	 

	 
	 
	 

	 
	By: CHENIERE PIPELINE GP INTERESTS, LLC,

	 
	its general partner
	 

	 
	 

	 
	 

	By:
	/s/ Lisa C. Cohen
	 

	Name:  Lisa C. Cohen
	 

	Title:    Treasurer
	 

SIGNATURE PAGE TO ADMINISTRATIVE DECISION (CREDIT AGREEMENT AMENDMENT)

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

	
		
	SABINE PASS LNG, L.P.

	 
	 

	 
	By: Sabine Pass LNG-GP, LLC,

	 
	its general partner

	 
	 

	 
	 

	By:
	/s/ Lisa C. Cohen

	Name:  Lisa C. Cohen

	Title:    Treasurer

	 
	 

	SABINE PASS LNG-GP, LLC

	 
	 

	 

	By:
	/s/ Lisa C. Cohen

	Name:  Lisa C. Cohen

	Title:    Treasurer

	 
	 

	 
	 

	SABINE PASS LNG-LP, LLC

	 
	 

	 
	 

	By:
	/s/ Lisa C. Cohen

	Name:  Lisa C. Cohen

	Title:    Treasurer

	 
	 

	 
	 

	SABINE PASS TUG SERVICES, LLC

	 

	 

	By:
	/s/ Lisa C. Cohen

	Name:  Lisa C. Cohen

	Title:    Treasurer

SIGNATURE PAGE TO ADMINISTRATIVE DECISION (CREDIT AGREEMENT AMENDMENT)Exhibit

Exhibit 10.5

CHANGE ORDER FORM
Insurance Provisional Sum Closeout

	
		
	PROJECT NAME:  Sabine Pass LNG Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 11, 2011
	CHANGE ORDER NUMBER: CO-00059

DATE OF CHANGE ORDER: May 18, 2017

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	The previous value of the Insurance Provisional Sum incorporated into the Agreement in Change Order C0-00021, dated April 17, 2013, was U.S. $107,733,368. Parties now agree to close this Provisional Sum. Actual Cost for Stage 1 Insurance was $115,171,041. The contract price will be increased by $7,437,673 which reflects the closure of the provisional sum.

		
	2.
	The Provisional Sum breakdown is described as follows:

		
	a.
	The previous Insurance Provisional Sum in Article 1.3 of Attachment EE, Schedule EE-1, of the Agreement was One Hundred Seven Million, Seven Hundred Thirty-Three Thousand, Three Hundred Sixty-Eight U.S. Dollars (U.S. $107,733,368). This Change Order will reduce of the Insurance Provisional Sum by (U.S. $107,733,368) and the value will be $0.

		
	b.
	The Parties agree to adjust the Aggregate Provisional Sum specified in Article 7.1A of the Agreement which prior to this Change Order was One Hundred Seven Million, Seven Hundred Thirty-Three Thousand, Three Hundred Sixty-Eight U.S. Dollars (U.S.$107,733,368). This Change Order will decrease the Aggregate Provisional Sum amount by One Hundred Seven Million, Seven Hundred Thirty-Three Thousand, Three Hundred Sixty-Eight U.S. Dollars (U.S. $107,733,368) and the new Aggregate Provisional Sum value shall be Zero U.S. Dollars (U.S. $0).

		
	3.
	Schedule C-1 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit A of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	3,900,000,000
	

	Net change by previously authorized Change Orders (#0001-00058)
	$
	208,972,549
	

	The Contract Price prior to this Change Order was
	$
	4,108,972,549
	

	The Contract Price will be increased by this Change Order in the amount of
	$
	7,437,673
	

	The new Contract Price including this Change Order will be
	$
	4,116,410,222
	

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

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

Adjustment to Payment Schedule: Yes — See Exhibit A of this Change Order

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

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

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

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner

Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives. 

	
			
	/s/ Ed Lehotsky
	 
	/s/ Bhupesh Thakkar

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Bhupesh Thakkar

	Name
	 
	Name

	SVP LNG E&C
	 
	Senior Project Manager

	Title
	 
	Title

	August 9, 2017
	 
	May 18, 2017

	Date of Signing
	 
	Date of Signing

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