Document:

Security Deposit Agreement

 Exhibit 10.5 
 Execution Version 
  

 SECURITY DEPOSIT AGREEMENT 
 dated as
of November 9, 2006 
 by and among 
 SABINE PASS LNG, L.P., 
 as the Company 
 THE BANK OF NEW YORK, 
 in its capacity as Collateral Trustee 
 and 
 THE BANK OF NEW YORK, 

in its capacity as Depositary Agent 
  

 Table of Contents 
  

							
	 	  	 	  	 	  	Page
	 ARTICLE I DEFINITIONS
	  	2
		  	Section 1.1	  	Defined Terms	  	2
		  	Section 1.2	  	Interpretation	  	8
		  	Section 1.3	  	Uniform Commercial Code Definitions	  	8
		
	 ARTICLE II APPOINTMENT OF DEPOSITARY AGENT; ESTABLISHMENT OF ACCOUNTS
	  	8
		  	Section 2.1	  	Acceptance of Appointment of Depositary Agent	  	8
		  	Section 2.2	  	Establishment of Accounts	  	9
		  	Section 2.3	  	Security Interests	  	10
		  	Section 2.4	  	Accounts Maintained as UCC “Securities Accounts”	  	10
		  	Section 2.5	  	Jurisdiction of Depositary Agent	  	11
		  	Section 2.6	  	Degree of Care; Liens	  	12
		  	Section 2.7	  	Subordination of Lien; Waiver of Set-Off	  	12
		  	Section 2.8	  	No Other Agreements	  	12
		  	Section 2.9	  	Notice of Adverse Claims	  	12
		  	Section 2.10	  	Rights and Powers of the Collateral Trustee	  	12
		  	Section 2.11	  	Termination	  	12
		
	 ARTICLE III THE ACCOUNTS
	  	13
		  	Section 3.1	  	Construction Account	  	13
		  	Section 3.2	  	Revenue Account	  	14
		  	Section 3.3	  	Debt Payment Account	  	17
		  	Section 3.4	  	Operating Account	  	17
		  	Section 3.5	  	DSR Account	  	18
		  	Section 3.6	  	Loss Proceeds Account	  	18
		  	Section 3.7	  	Asset Sale Proceeds Account	  	19
		  	Section 3.8	  	Distribution Account	  	20
		  	Section 3.9	  	Invasion of Accounts	  	21
		  	Section 3.10	  	Investment of Accounts	  	21
		  	Section 3.11	  	Disposition of Accounts Upon Discharge Date	  	22
		  	Section 3.12	  	Account Balance Statements	  	22
		  	Section 3.13	  	Trigger Event Date	  	22
		  	Section 3.14	  	Transfers from Accounts; Withdrawal Certificates	  	23
		
	 ARTICLE IV DEPOSITARY AGENT
	  	23
		  	Section 4.1	  	Appointment of Depositary Agent, Powers and Immunities	  	23
		  	Section 4.2	  	Reliance by Depositary Agent	  	25
		  	Section 4.3	  	Court Orders	  	25
		  	Section 4.4	  	Resignation or Removal	  	25

  

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	 ARTICLE V EXPENSES; INDEMNIFICATION; FEES
	  	27
		  	Section 5.1	  	Compensation and Expenses	  	27
		  	Section 5.2	  	Indemnification	  	27
		  	Section 5.3	  	Prompt Payment	  	28
		
	 ARTICLE VI MISCELLANEOUS
	  	28
		  	Section 6.1	  	Amendments; Etc.	  	28
		  	Section 6.2	  	Addresses for Notices	  	28
		  	Section 6.3	  	Governing Law; Jurisdiction	  	29
		  	Section 6.4	  	Headings	  	30
		  	Section 6.5	  	Limited Third Party Beneficiaries	  	30
		  	Section 6.6	  	No Waiver	  	30
		  	Section 6.7	  	Severability	  	30
		  	Section 6.8	  	Successors and Assigns	  	30
		  	Section 6.9	  	Execution in Counterparts	  	30
		  	Section 6.10	  	Regarding the Collateral Trustee	  	30
		  	Section 6.11	  	Intercreditor Provisions	  	30
		  	Section 6.12	  	Force Majeure	  	30
		  	Section 6.13	  	Consequential Damages	  	31
		  	Section 6.14	  	Patriot Act.	  	31
				
		  	APPENDICES	  		  	
				
		  	Appendix A:	  	FORM OF OFFICER’S CERTIFICATE	  	
		  	Appendix B:	  	FORM OF WITHDRAWAL CERTIFICATE	  	

  

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 This SECURITY DEPOSIT AGREEMENT, dated as of November 9, 2006 (this
“Agreement”), is entered into by and among SABINE PASS LNG, L.P., a Delaware limited partnership (the “Company”), THE BANK OF NEW YORK, a New York banking corporation as Collateral Trustee (in such
capacity and together with its successors in such capacity, the “Collateral Trustee”), and THE BANK OF NEW YORK, a New York banking corporation, in its capacity as Agent, bank and securities intermediary for the Secured
Parties (in such capacity, the “Depositary Agent”). 
 RECITALS 
 A. Capitalized terms used in this Agreement have the meanings assigned to them above or in Article I below. 
 B. The Company (a) on or about the date hereof, will issue senior secured notes due November 30, 2013 and senior secured notes due
November 30, 2016 (together, the “Initial Notes”) under an indenture, dated on or about the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the
“Indenture”), between the Company and The Bank of New York, in its capacity as indenture trustee and (b) in the future may issue additional senior secured notes under the Indenture (together with the Initial Notes, the
“Notes”) and/or may otherwise incur additional secured indebtedness ranking pari passu with the Notes (“Parity Secured Debt”). 
 C. As security for the Notes and other Parity Secured Debt, the Company has assigned and granted a security interest in, pursuant to certain Security
Documents entered into between the Company and the Collateral Trustee, all of its right, title and interest in, to and under, all present and future property of the Company to the Collateral Trustee in trust for the benefit of the Secured Parties.

 D. Pursuant to the Crest Settlement Documents, the Company and the other Pledgors are prohibited from creating or allowing to be created
any lien, security interest or other encumbrance on any o the Pledgors assets for borrowed money that is senior to or pari passu with the obligations of the Pledgors to Crest and therefore the Pledgors have, under the Security Documents,
granted in favor of the Collateral Trustee for the benefit of Crest, a secured Lien that is senior to the Lien granted by the Pledgors to the Collateral Trustee in favor of the Secured Parties. 
 E. It is a requirement under the Indenture and a condition precedent to the issuance of the Notes that the Company shall have executed and delivered this
Agreement. 
 F. The Company and the other Pledgors intend to secure the Obligations under the Indenture and any future Parity Secured Debt
on a priority basis (subject to the Obligations of the Company under the Assumption Agreement which the Company intends to secure on a priority basis to the Parity Secured Debt) and, subject to such priority, intend to secure the Obligations under
the Indenture, any other Parity Lien Document and the Assumption Agreement, with Liens on all present and future Collateral to the extent that such Liens have been provided for in the applicable Security Documents. 
  

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 G. The Company has granted a Lien in favor of the Collateral Trustee for the benefit of the holders of
Parity Lien Obligations and the Parity Lien Representatives and may, in the future, grant a subordinated Lien in favor of the Collateral Trustee for the benefit of the holder of Junior Lien Obligations and the Junior Lien Representatives on all of
its rights, titles, interests in, to and under the accounts established pursuant to this Agreement and all of the funds deposited therein or credited thereto as security for the payment and performance in full of the Secured Obligations. 

H. The Collateral Trustee and the Company desire to appoint the Depositary Agent as the depositary to hold and administer money deposited in or
credited to the accounts established pursuant to this Agreement and funded with, among other things, revenues received by the Company from the Project. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing premises and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company hereby agrees with the Collateral Trustee and the Depositary Agent (each for the benefit of the Secured Parties) as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Defined Terms. The following capitalized terms shall have the following respective meanings; provided that capitalized
terms used herein but not defined in this Section 1.1 shall have the meanings ascribed to them in the Collateral Trust Agreement or, if not defined therein, Section 1.3: 
 “Acceptable Guarantee” means an unconditional guarantee, from an entity with long term unsecured and unguaranteed senior debt
rated not less than A from S&P and A2 from Moody’s. 
 “Acceptable Letter of Credit” means an irrevocable
letter of credit from a bank or trust company with a combined capital and surplus of at least $1,000,000,000 whose long term unsecured and unguaranteed senior debt rated not less than A from S&P and A2 from Moody’s. 
 “Account Collateral” has the meaning set forth in Section 2.3(a). 
 “Accounts” has the meaning set forth in Section 2.2. 
 “Asset Sale Proceeds Account” has the meaning set forth in Section 2.2(g). 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 
 “Collateral Trust Agreement” means that certain Collateral Trust Agreement, dated as of the date hereof, by and among the Company
and the other Pledgors from time to time party 
  

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 thereto, The Bank of New York in its capacity as Trustee under the Indenture and as Collateral Trustee and any other
Secured Debt Representative from time to time party thereto. 
 “Collateral Trustee” has the meaning set forth in the
Preamble. 
 “Company” has the meaning set forth in the Preamble. 
 “Construction Account” has the meaning set forth in Section 2.2(a). 
 “Construction Expenses” means the construction and start-up costs of the Project (including the purchase of LNG for
cool-down of the Project) and other expenses (including taxes, operating expenses, management fees and, fees due to the Trustee, the Collateral Trustee and the title company in the ordinary course in connection with the Secured Debt Documents)
incidental to the financing, construction and commissioning of the Project. 
 “Construction Sub-Account” has
the meaning set forth in Section 2.2(c). 
 “Debt Payment Account” has the meaning set forth in
Section 2.2(e). 
 “Default” means any event that is, or with the passage of time or the giving of notice or
both would be, an “Event of Default” or similar event under the Indenture or any other Secured Debt Document. 
 “Depositary Agent” has the meaning set forth in the Preamble. 
 “Discharge Date”
means the date on which the Discharge of Parity Lien obligations and the Discharge of Junior Lien Obligations has occurred. 
 “Distribution Account” has the meaning set forth in Section 2.2(f). 
 “DSR
Account” has the meaning set forth in Section 2.2(b). 
 “Event of Default” means an “Event of
Default” or similar event under the Indenture or any other Secured Debt Document. 
 “Event of Loss” means,
whether in respect of a single event or a series of related events, any of the following: 
 (1) any loss, destruction or
damage of the Project; 
 (2) any actual condemnation, seizure or taking by exercise of the power of eminent domain or
otherwise of the Project, or confiscation of the Project or the requisition of the use of the Project in each case by a governmental authority; or 
 (3) any settlement in lieu of clause (2) above. 
 “Financial Assets” has the
meaning set forth in Section 2.4. 
  

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 “Guarantors” means each Subsidiary of the Company that executes a Note Guarantee
in accordance with the provisions of the Indenture, and such Person’s respective successors and assigns, in each case, until the Note Guarantee of such Person has been released in accordance with the provisions of the Indenture. 
 “Indemnified Person” means the Depositary Agent, including its officers, directors, agents, Affiliates and employees. 

“Interest Payment Dates” means May 30 and November 30 of each year, commencing on May 30, 2007, or if any such
day is not a Business Day, the next succeeding Business Day. 
 “Interest Payment Sub-Account” has the meaning set
forth in Section 2.2(e) 
 “Loss Proceeds Account” has the meaning set forth in Section 2.2(h) 

“Management Services Agreement” means the agreement dated February 25, 2005 between the Company and the Sabine GP for the
management, administration, development and operation of the Project and for the management and administration of the Company, as amended and in effect from time to time. 
 “Monthly Date” means the last Business Day of each month. 
 “Monthly
Transfer Date” has the meaning set forth in Section 3.2(c). 
 “Moody’s” means Moody’s
Investors Service, Inc. 
 “Net Loss Proceeds” means the aggregate cash proceeds received by the Company or any of
its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of: 
 (1) the direct costs in recovery of such proceeds (including, without limitation, legal, accounting, appraisal and insurance adjuster fees
and any relocation expenses incurred as a result thereof); 
 (2) amounts required to be and actually applied to the repayment
of Indebtedness (other than Indebtedness that is subordinated in right of payment to the Notes or the Note Guarantees) permitted under the Indenture that is secured by a Permitted Lien on the asset or assets that were the subject of such Event of
Loss that ranks prior to the security interest of the Collateral Trustee in those assets; and 
 (3) any taxes or tax
distributions paid or payable as a result of the receipt of such cash proceeds. 
 “Net Proceeds” means the aggregate
cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale),
net of the direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, and any relocation expenses 
  

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 incurred as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case, after taking
into account any available tax credits or deductions and any tax sharing arrangements. 
 “O&M Agreement” means
the agreement between the Company and the Operator for the operation of the Project, as amended and in effect from time to time. 
 “Officer’s Certificate” means an officer’s certificate delivered by the Company in the form of Appendix A attached hereto. 
 “Operating Account” means the Account of such name established pursuant to Section 2.2(d). 
 “Operating Period Required Amount” has the meaning set forth in Section 3.5(a)(iii). 
 “Operation and Maintenance Expenses” means, for any period, the sum, computed without duplication, of the following: (a) general and administrative expenses including expense reimbursements payable to the
manager pursuant to the Partnership Agreement and for ordinary course fees and costs of the manager pursuant to the Management Services Agreement plus (b) expenses for operating the Project and maintaining it in good repair and operating
condition payable during such period, including the ordinary course fees and costs of the Operator payable pursuant to the O&M Agreement plus (c) insurance costs payable during such period plus (d) applicable sales and excise taxes (if
any) payable or reimbursable by the Company during such period plus (e) franchise taxes payable by the Company during such period plus (f) property taxes payable by the Company during such period plus (g) any other direct taxes (if
any) payable by the Company during such period plus (h) costs and fees attendant to the obtaining and maintaining in effect the Government Approvals payable during such period plus (i) legal, accounting and other professional fees
attendant to any of the foregoing items payable during such period plus (j) all other cash expenses payable by the Company in the ordinary course of business. Operation and Maintenance Expenses shall exclude, to the extent included above:
(i) payments into any of the Accounts during such period, (ii) payments of any kind with respect to Restricted Payments during such period, (iii) depreciation for such period, (iv) any capital expenditure including permitted
capital expenditures and (v) any payments of any kind with respect to any restoration during such period. 
 “Operator” means Cheniere LNG O&M Services, L.P. or such other person from time to time party to the O&M Agreement as ‘Operator’. 
 “Parent” means Cheniere Energy, Inc., a Delaware corporation. 
 “Partnership Agreement” means the Fifth Amended and Restated Agreement of Limited Partnership of the Company, effective as of
November 9, 2006, as amended and in effect from time to time. 
 “Permitted Investments” means: 
 (a) United States dollars; 
  

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 (b) securities issued or directly and fully guaranteed or insured by the United States
government or any agency or instrumentality of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities) having maturities of not more than one year from the date of
acquisition; 
 (c) marketable general obligations issued by any state of the United States of America or any political
subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition thereof and, at the time of acquisition thereof, having a credit rating of “A” or better from either S&P or
Moody’s; 
 (d) certificates of deposit, demand deposit accounts and eurodollar time deposits with maturities of one year
or less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case, with any domestic commercial bank having capital and surplus in excess of $500,000,000 and a Thomson
Bank Watch Rating of “B” or better; 
 (e) repurchase obligations with a term of not more than 30 days for
underlying securities of the types described in clauses (b), (c) and (d) above entered into with any financial institution meeting the qualifications specified in clause (d) above; 
 (f) commercial paper or tax exempt obligations having one of the two highest ratings obtainable from Moody’s or S&P and, in each
case, maturing within six months after the date of acquisition; and 
 (g) money market funds at least 95% of the assets of
which constitute Permitted Investments of the kinds described in clauses (a) through (f) of this definition or a money market fund or a qualified investment fund (including any such fund for which the Collateral Trustee or any Affiliate
thereof acts as an advisor or a manager) given one of the two highest long-term ratings available from S&P or Moody’s. 
 “Phase 1” means the initial 2.6 billion cubic feet per day of regasification capacity of the Project, including the construction of three LNG storage tanks, two unloading docks, vaporizers and related facilities.

 “Phase 2” means the additional two LNG storage tanks, vaporizers and related facilities required to enable the
Project to achieve a maximum regasification capacity of 4.0 billion cubic feet per day. 
 “Phase 2 EPC Arrangements”
means the arrangements for the engineering, procurement and construction of Phase 2 by the Company with Bechtel Corporation, Remedial Construction Services, L.P., Diamond LNG LLC and Zachry Construction Corporation, respectively, in connection with
the construction of Phase 2. 
 “Phase 1 EPC Contract” means the lump sum turnkey agreement for the engineering,
procurement and construction of Phase 1 by and between the Company and the Bechtel Corporation dated as of December 18, 2004, as amended and in effect from time to time. 
  

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 “Phase 1 Target Completion” has the meaning given to “Target
Completion” in the Phase 1 EPC Contract. 
 “Principal Payment Sub-Account” has the meaning set forth in
Section 2.2(e). 
 “Project” means the Company’s LNG receiving terminal in Cameron Parish, Louisiana,
including associated storage tanks, unloading docks, vaporizers, tugs and related facilities. 
 “Property” means any
right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible. 
 “Required Debt Payment Amount” means, on any date of determination thereof, the amount equal to (1) the aggregate amount of interest on the Notes due on the immediately succeeding Interest Payment Date,
multiplied by (2) the number of months passed since the preceding Interest Payments Date, divided by (3) six. 
 “Restricted Payment” has the meaning set forth in the Indenture. 
 “Restricted Payment
Conditions” means: 
 (1) no Default or Event of Default (as defined in the Indenture) has occurred and is
continuing or would occur as a consequence of such Restricted Payment; and 
 (2) the Company has successfully achieved Phase
1 Target Completion; and 
 (3) the Company would, at the time of such Restricted Payment and after giving pro forma effect
thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period (or if fewer than four fiscal quarters have elapsed since the achievement of Phase 1 Target Completion, the number of full fiscal quarters
that have elapsed), have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio (as defined in the Indenture) test set forth in Section 4.09(a) of the Indenture (for the avoidance of doubt,
the Restricted Payment itself will not be considered in such pro forma calculation); and 
 (4) the Debt Payment Account has
on deposit the Required Debt Payment Amount; and 
 (5) the DSR Account has on deposit the Operating Period Required Amount.

 “Restricted Subsidiary” has the meaning provided in the Indenture. 
 “Revenue Account” means the Account of such name established pursuant to Section 2.2(c). 
 “S&P” means Standard & Poor’s Ratings Group. 
 “Senior Debt” means: 
  

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 (1) all Indebtedness of the Company or any Guarantor permitted to be incurred under the terms of the
Indenture, unless the instrument under which such Indebtedness is incurred expressly provides that it is subordinated in right of payment to the Notes or any Note Guarantee, and 
 (2) all Obligations with respect to the items listed in the preceding clause (1). 
 Notwithstanding anything to the contrary in the preceding, Senior Debt will not include: 
 (1) any liability
for federal, state, local or other taxes owed or owing by the Company; 
 (2) any intercompany Indebtedness of the Company or any of its
Subsidiaries to the Company or any of its Affiliates; 
 (3) any trade payables; 
 (4) the portion of any Indebtedness that is incurred in violation of this Indenture; or 
 (5) Indebtedness which is classified as non-recourse in accordance with GAAP or any unsecured claim arising in respect thereof by reason of the
application of Section 1111(b)(1) of the Bankruptcy Law. 
 “State Tax Sharing Agreement” has the meaning
provided in the Indenture. 
 “Subsidiary” has the meaning provided in the Indenture. 
 “Trigger Event Date” has the meaning set forth in Section 3.13(a). 
 “Withdrawal Certificate” means a Withdrawal Certificate delivered by the Company substantially in the form of Appendix B attached
hereto. 
 Section 1.2 Interpretation. The rules of interpretation set forth in Section 1.2 of the Collateral Trust
Agreement shall apply to, and are hereby incorporated by reference in, this Agreement. 
 Section 1.3 Uniform Commercial Code
Definitions. All terms defined in the UCC shall have the respective meanings given to those terms in the UCC, except where the context otherwise requires. 
 ARTICLE II 
 APPOINTMENT OF DEPOSITARY AGENT; ESTABLISHMENT OF ACCOUNTS 
 Section 2.1 Acceptance of Appointment of Depositary Agent. 
 (a) The Depositary Agent hereby agrees to act as depositary agent, as “securities intermediary” (within the meaning of Section 8-102(14) of the UCC) with respect to the Accounts and the Financial Assets
credited to such Accounts, and as “bank” (within the meaning 
  

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 of 9-102(a) of the UCC) with respect to the Accounts and credit balances not constituting Financial Assets credited
thereto and to accept all cash, payments, other amounts and Permitted Investments to be delivered to or held by the Depositary Agent pursuant to the terms of this Agreement. The Depositary Agent shall hold and safeguard the Accounts during the term
of this Agreement in accordance with the provisions of this Agreement. 
 (b) The Company shall not have any rights to withdraw or transfer
funds from the Accounts, as third party beneficiary or otherwise, except as permitted by this Agreement and to direct the investment of monies held in the Accounts as permitted by Section 3.10. 
 Section 2.2 Establishment of Accounts. The Depositary Agent hereby establishes the following accounts (inclusive of any sub-account thereof
unless otherwise specified herein, the “Accounts”) in the name of the Company and in the form of trust accounts and sub-accounts thereof, which shall be maintained at all times until the termination of this Agreement:

 (a) an Account entitled “Sabine LNG Construction Account” (the “Construction Account”); 
 (b) an Account entitled “Sabine LNG DSR Account” (the “DSR Account”); 
 (c) an Account entitled “Sabine LNG Revenue Account” (the “Revenue Account”), within which a sub-account entitled
“Sabine LNG Construction Sub-Account” (the “Construction Sub-Account”) shall be established and maintained; 
 (d) an Account entitled “Sabine LNG Operating Account” (the “Operating Account”); 
 (e) an
Account entitled “Sabine LNG Debt Payment Account” (the “Debt Payment Account”), within which a sub-account entitled “Principal Payment Sub-Account” (the “Principal Payment
Sub-Account”) and a sub-account entitled “Interest Payment Sub-Account” (the “Interest Payment Sub-Account”) shall be established and maintained; 
 (f) an Account entitled “Sabine LNG Distribution Account” (the “Distribution Account”); 
 (g) an Account entitled “Sabine LNG Asset Sale Proceeds Account” (the “Asset Sale Proceeds Account”); and 

(h) an Account entitled “Sabine LNG Loss Proceeds Account” (the “Loss Proceeds Account”) shall be established and
maintained. 
 For administrative purposes, additional sub-accounts within the Accounts may be established and created by the Depositary
Agent from time to time in accordance with this Agreement as separate trust accounts. 
 All amounts from time to time held in each Account
shall be disbursed in accordance with the terms hereof, shall constitute the property of the Company and shall be (a) subject to the Lien of the Collateral Trustee (for the benefit of the Secured Parties) and 
  

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 (b) held in the sole custody and “control” (within the meaning of Section 8-106(d) of the UCC) of the
Collateral Trustee for the purposes and on the terms set forth in this Agreement and all such amounts shall constitute a part of the Collateral and shall not constitute payment of any Secured Obligations or any other obligation of the Company,
provided, however, that the Liens on all of the Company’s rights, titles and interests in, to and under the DSR Account shall be solely for the benefit of the Trustee for the benefit of the holders of the Notes and Crest, as
applicable. 
 Section 2.3 Security Interests. 
 (a) As collateral security for the prompt and complete payment and performance when due of all Secured Obligations, the Company has pledged, assigned, hypothecated and transferred to the Collateral Trustee (for the
benefit of the Secured Parties) and has granted to the Collateral Trustee (for the benefit of the Secured Parties) a Lien on all of the Company’s rights, titles and interests in, to and under (i) each Account and (ii) all cash,
instruments, investment property, securities, “security entitlements” (as defined in Section 8-102(a)(17) of the UCC) and other Financial Assets at any time on deposit in any Account, including all income, earnings and distributions
thereon and all proceeds, products and accessions of and to any and all of the foregoing, including whatever is received or receivable upon any collection, exchange, sale or other disposition of any of the foregoing and any property into which any
of the foregoing is converted, whether cash or non-cash proceeds, and any and all other amounts paid or payable under or in connection with any of the foregoing (collectively, the “Account Collateral”), provided,
however, that the Liens on all of the Company’s rights, titles and interests in, to and under the DSR Account shall be solely for the benefit of the Trustee for the benefit of the holders of the Notes and Crest, as applicable. The
relative priority with respect to the Liens granted pursuant to this Section 2.3(a) shall be as set forth in the Collateral Trust Agreement. 
 (b) The Depositary Agent is the agent of the Collateral Trustee (for the benefit of the Secured Parties) for the purpose of receiving payments contemplated hereunder and for the purpose of perfecting the Lien of the Collateral Trustee (for
the benefit of the Secured Parties) in and to the Accounts and the other Account Collateral; provided that the Depositary Agent shall not be responsible to take any action to perfect or maintain the perfection of such Lien except through the
performance of its express obligations hereunder or upon the written direction of the Collateral Trustee (for the benefit of the Secured Parties) complying with this Agreement. This Agreement constitutes a “security agreement” as defined
in Article 9 of the UCC. 
 Section 2.4 Accounts Maintained as UCC “Securities Accounts”. The Depositary Agent
hereby agrees and confirms that it has established the Accounts as set forth and defined in this Agreement. Depositary Agent agrees that (a) each such Account established by Depositary Agent is and will be maintained as a “securities
account” (within the meaning of Section 8-501 of the UCC); (b) the Company has been designated as the “entitlement holder” (within the meaning of Section 8-102(a)(7) of the UCC) in respect of the “financial
assets” (within the meaning of Section 8-102(a)(9) of the UCC, the “Financial Assets”) credited to such Accounts that are “securities accounts”; (c) all Financial Assets in registered form or payable
to or to the order of and credited to any such Account shall be registered in the name of, payable to or to the order of, or specially endorsed to, Depositary Agent or in blank, or credited to another securities account maintained in the name of
Depositary Agent; and (d) in no case will any Financial Asset 
  

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 credited to any such Account be registered in the name of, payable to or to the order of, or endorsed to, the Company
except to the extent the foregoing have been subsequently endorsed by the Company to Depositary Agent or in blank. Each item of Property (including a security, security entitlement, investment property, instrument or obligation, share,
participation, interest or other property whatsoever) credited to any Account shall to the fullest extent permitted by law be treated as a Financial Asset. Until the Discharge Date, the Collateral Trustee for the benefit of the Secured Parties shall
have “control” (within the meaning of Section 8-106(d)(2) or Section 9-104(a) (as applicable) of the UCC) of the Accounts and the Company’s “security entitlements” (within the meaning of Section 8-102(a)(17)
of the UCC) with respect to the Financial Assets credited to the Account. All property delivered to the Depositary Agent pursuant to this Agreement will be promptly credited to the applicable Account. The Company hereby irrevocably directs, and the
Depositary Agent (in its capacity as securities intermediary) hereby agrees, that the Depositary Agent will comply with all instructions and orders (including entitlement orders within the meaning of Section 8-102(a)(8) of the UCC) regarding
each Account and any Financial Asset therein originated by the Collateral Trustee without the further consent of the Company or any other Person. In the case of a conflict between any instruction or order originated by the Collateral Trustee and any
instruction or order originated by the Company or any other Person other than a court of competent jurisdiction, the instruction or order originated by the Collateral Trustee shall prevail. The Depositary Agent shall not change the name or account
number of any Account without the prior written consent of the Collateral Trustee and at least five Business Days’ prior notice to the Company, and shall not change the entitlement holder. 
 To the extent that the Accounts are not considered “securities accounts” (within the meaning of Section 8-501(a) of the UCC), the Accounts
shall be deemed to be and maintained as “deposit accounts” (as defined in Section 9-102(a)(29) of the UCC) to the extent a security interest can be granted and perfected under the UCC in the Accounts as deposit accounts, which the
Company shall maintain with the Depositary Agent acting not as a securities intermediary but as a “bank” (within the meaning of Section 9-102(a)(8) of the UCC). The Depositary Agent shall not have title to the funds on deposit in the
Accounts, and shall credit the Accounts with all receipts of interest, dividends and other income received on the Property held in the Accounts. The Depositary Agent shall administer and manage the Accounts in compliance with all the terms
applicable to the Accounts pursuant to this Agreement, and shall be subject to and comply with all the obligations that the Depositary Agent owes to the Collateral Trustee with respect to the Accounts, including all subordination obligations,
pursuant to the terms of this Agreement. The Depositary Agent hereby agrees to comply with any and all instructions (within the meaning of Section 9-104(a)(2) of the UCC) originated by the Collateral Trustee for the benefit of the Secured
Parties directing disposition of funds and all other Property in the Accounts without any further consent of the Company or any other Person. 
 Section 2.5 Jurisdiction of Depositary Agent. The Company, the Collateral Trustee and the Depositary Agent agree that, for purposes of the UCC, notwithstanding anything to the contrary contained in any other agreement relating
to the establishment and operation of the Accounts, the jurisdiction of the Depositary Agent (in its capacity as the securities intermediary and bank) is the State of New York and the laws of the State of New York govern the establishment and
operation of the Accounts. 
  

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 Section 2.6 Degree of Care; Liens. The Depositary Agent shall exercise the same degree of
care in administering the funds held in the Accounts and the investments purchased with such funds in accordance with the terms of this Agreement as Depositary Agent exercises in the ordinary course of its day-to-day business in administering other
funds and investments for its own account and as required by Government Rules. The Depositary Agent is not party to and shall not execute and deliver, or otherwise become bound by, any agreement under which the Depositary Agent agrees with any
Person other than the Collateral Trustee to comply with entitlement orders or instructions originated by such Person relating to any of the Accounts or the security entitlements that are the subject of this Agreement. The Depositary Agent shall not
grant any Lien on any Financial Asset, other than any Lien granted to the Collateral Trustee under the Secured Debt Documents. 
 Section 2.7 Subordination of Lien; Waiver of Set-Off. In the event that the Depositary Agent has or subsequently obtains by agreement, operation of law or otherwise a Lien in any Account or in any Account Collateral, the
Depositary Agent agrees that such Lien shall be subordinate to the Lien of the Collateral Trustee. The financial assets standing to the credit of the Accounts and any other Account Collateral will not be subject to deduction, set-off, banker’s
lien, or any other right in favor of any Person other than the Collateral Trustee (except to the extent of fees, charges and expenses incurred in connection with the purchase or sale of Permitted Investments, fees, expenses and indemnities payable
to the Depositary hereunder, and returned items and chargebacks either for uncollected checks or other items of payment and transfers previously credited to one or more of the Accounts, and the Company and the Collateral Trustee hereby authorize the
Depositary Agent to debit the Account for such amounts). 
 Section 2.8 No Other Agreements. None of the Depositary Agent, the
Collateral Trustee and the Company have entered or will enter into any agreement with respect to any Account or in any Account Collateral, other than this Agreement and the other Secured Debt Documents. 
 Section 2.9 Notice of Adverse Claims. The Depositary Agent hereby represents that, except for the claims and interests of the Collateral
Trustee and the Company in each of the Accounts, the Depositary Agent, (a) as of the Closing Date, has no actual knowledge of, and has received no written notice of, and (b) as of each date on which any Account is established pursuant to
this Agreement, has received no written notice of any claim to, or interest in, any Account or in any other Account Collateral. If any Person asserts any Lien (including any writ, garnishment, judgment, warrant of attachment, execution or similar
process) against any Account or in any other Account Collateral, the Depositary Agent, upon obtaining actual knowledge thereof, will promptly notify the Collateral Trustee and Company thereof. 
 Section 2.10 Rights and Powers of the Collateral Trustee. The rights and powers granted to the Collateral Trustee by the Secured Parties have
been granted in order to, among other things, perfect their Lien in the Accounts and the other Account Collateral and to otherwise act as their agent with respect to the matters contemplated hereby. 
 Section 2.11 Termination. This Agreement shall remain in full force and effect until the Discharge Date. 
  

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 ARTICLE III 
 THE ACCOUNTS 
 Section 3.1 Construction Account. 
 (a) Deposits into Construction Account. The Company shall deposit, or cause to be deposited, into the Construction Account each of the following
upon receipt thereof, and the Depositary Agent shall deposit any such amounts received directly by it into the Construction Account upon receipt thereof: 
 (i) proceeds of $886,677,557.96 from the issuance of the Initial Notes (as defined in the Indenture); 
 (ii) amounts required to be transferred to the Construction Account from the Revenue Account pursuant to Section 3.2(b); 
 (iii) the net proceeds of any Indebtedness issued by the Company prior to Phase 1 Target Completion for construction of Phase 1 and/or
Phase 2; and 
 (iv) any other amounts required to be transferred to the Construction Account in accordance with the terms of
this Agreement or any other Secured Debt Document. 
 (b) Disbursements from the Construction Account. 
 (i) Construction Period. The Company may request disbursements from the Construction Account by submitting a duly completed and executed
Withdrawal Certificate to the Depositary Agent and Trustee no more frequently than once per month. Each such Withdrawal Certificate shall include the amount of the proposed withdrawal and the purpose of the proposed withdrawal (including details
regarding the nature of the relevant Construction Expenses) and a certification of an authorized officer that (A) no Event of Default under the Indenture or event of default under any other Parity Lien Document has occurred and is continuing,
(B) the Company has sufficient funds (including amounts available in the Construction Account, binding equity commitments with respect to funds, anticipated insurance proceeds and/or additional borrowings available to be incurred and permitted
to be incurred under the terms of the Indenture and any other Parity Lien Documents) necessary to achieve Phase 1 Target Completion and (C) the requested funds are to be used to fund obligations which are concurrently due and payable or are
reasonably estimated to become due and payable within the next 45 days in each case in accordance with the then existing Construction Budget and Schedule (as defined in the Indenture). Subject to Section 3.14, upon receipt before 12:00 Noon
(New York City time) on any Business Day by the Depositary Agent, Depositary Agent shall make the withdrawals, transfers and payments as specified in the applicable Withdrawal Certificate as soon as reasonably practicable, and in any event within
two Business Days following receipt of such Withdrawal Certificate. Disbursements from the Construction Account shall be used solely (X) to fund Construction Expenses and (Y) subject to Section 3.2(d), to be transferred to other
Accounts as expressly set forth herein. 
  

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 (ii) Transfers of Interest. On each Monthly Date, the Depositary Agent will transfer interest
accrued on amounts in the Construction Account to the DSR Account until an aggregate of $20,000,000 has been transferred to the DSR Account pursuant to this clause. 
 (iii) Phase 1 Target Completion. Upon receipt by the Depositary Agent of (A) an Officer’s Certificate certifying that Phase I Target Completion has occurred together with (B) a duly completed and
executed Withdrawal Certificate from the Company, any remaining funds in the Construction Account will be applied as set forth in such Withdrawal Certificate, (1) first, to fund the Operating Account with an amount sufficient to cover any
outstanding incurred Construction Expenses, operating expenses or maintenance capital expenditure and the next 45 days of the Project’s estimated operating expenses and maintenance capital expenditure; (2) second, to pay any outstanding
principal on the Notes then due and payable; (3) to fund the Interest Payment Sub-Account in an amount equal to the product of (x) six minus the number of full calendar months remaining until the next Interest Payment Date,
divided by six times (y) the amount of interest due on the Notes on the next Interest Payment Date; and (4) fourth, to fund any shortfall in the DSR Account such that the DSR Account contains the Operating Period Required
Amount. After all funds have been applied as described in (1) through (4) above, the remaining funds, if any, shall be transferred to the Construction Sub-Account in the Revenue Account. 
 (c) Closing Date Deposits and Application of Funds. Notwithstanding Section 3.1(b), the Collateral Agent shall instruct the Depositary Agent
to make (and the Depositary Agent shall make) such withdrawals and transfers from the Construction Account on the date hereof as are set forth in the funds flow instructions agreed to by the Company, the Initial Purchasers (as defined in the
Indenture) and the Trustee and provided to the Collateral Agent. Such withdrawals and transfers may include certain estimated expenses and fees to be paid on or after the date hereof. 
 Section 3.2 Revenue Account. 
 (a) Deposits into Revenue Account. 
 (i) The Company shall deposit, or cause to be deposited, into the
Revenue Account, all revenues of the Company, including advance reservation or similar payments under terminal use or similar agreements in respect of the Project capacity, sales tax reimbursements, all operating revenues from the Project except as
otherwise expressly set forth herein and the proceeds of all Indebtedness issued by the Company except as otherwise expressly set forth herein. If any such amounts are received by the Company, the Company shall hold such payments in trust for the
Depositary Agent and shall promptly remit such payments to the Depositary Agent for deposit in the Revenue Account, in the form received, with any necessary endorsements. 
 (ii) Any amounts transferred from the Construction Account pursuant to clause 3.1(b)(iii) above shall be deposited in the Revenue Account.

  

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 (iii) If the Depositary Agent receives monies without adequate instruction with respect
to the proper Account in which such monies are to be deposited, the Depositary Agent shall deposit such monies into the Revenue Account and notify the Company and the Collateral Trustee of the receipt of such monies. Upon receipt of written
instructions from the Company, the Depositary Agent shall transfer such monies from the Revenue Account to the Account specified by such instructions. 
 (b) Disbursements from Revenue Account prior to Phase 1 Target Completion. Prior to Phase 1 Target Completion, within two Business Days of receipt of a duly completed and executed Withdrawal Certificate from
the Company, the Depositary Agent shall make the following withdrawals and transfers to the extent of monies available in the Revenue Account in the following order of priority all in accordance with such Withdrawal Certificate and this Agreement:

  

	 	(i)	First, to pay Obligations then due and payable under the Assumption Agreement; 

  

	 	(ii)	Second, after making each applicable withdrawal and transfer specified in clause first above, to the extent that amounts on deposit in the DSR Account are not
sufficient to pay interest on the Notes on the next Interest Payment Date, to the DSR Account in an amount sufficient to make such payment plus such additional amount as the Company may elect; 

  

	 	(iii)	Third, after making each applicable withdrawal specified in clauses first and second, if the Company has complied with the requirements of
Section 3.1(b)(i) but sufficient funds for the disbursements requested by the Company pursuant to Section 3.1(b)(i) are not available in the Construction Account, an amount that, together with any amount available in the Construction
Account, is sufficient for such disbursement. For avoidance of doubt, the Company must still meet all requirements of Section 3.1(b), including clause (B) thereof. 

 (c) Disbursements from Revenue Account following Phase 1 Target Completion. The Company hereby irrevocably authorizes the Depositary Agent to make
withdrawals and transfers specified in clauses (i) through (vi) below on one day in each calendar month specified by the Company in each Withdrawal Certificate (each such date a “Monthly Transfer
Date”) to the extent of monies then available in the Revenue Account and not segregated in a separate sub-account thereof or otherwise for any specific purpose expressly provided for herein, upon the receipt by the Depositary
Agent of a duly completed and executed Withdrawal Certificate at least two Business Days prior to the applicable Monthly Transfer Date setting forth the amounts to be withdrawn from the Revenue Account and the amounts to be transferred in the
following order of priority all in accordance with such Withdrawal Certificate and this Agreement: 
 (i) first, to the Operating
Account, an amount sufficient to cover the succeeding 45 days of Operation and Maintenance Expenses, maintenance capital expenditures and obligations due and payable under the Assumption Agreement and, so long as the relevant 
  

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 state or local combined, consolidated or unitary tax return is properly filed that includes the Company and Parent, the
State Tax Sharing Agreement; 
 (ii) second, after making each applicable withdrawal and transfer specified in clause first
above, to the Interest Payment Sub-Account of the Debt Payment Account, 1/6th of the amount of interest due on the Notes and any other Parity Secured Debt on the next Interest Payment Date (plus any shortfall from any prior month subsequent to the
preceding Interest Payment Date); 
 (iii) third, after making each applicable withdrawal and transfer specified in clause
first and second above, to the Principal Payment Sub-Account of the Debt Payment Account, an amount sufficient to pay outstanding principal then due and payable or expected to be due and payable on or before the next Monthly Date on
the Notes and any other Parity Secured Debt, provided that if the Company has notified the Depositary Agent and the Collateral Trustee that the Company intends to refinance any such outstanding principal then due and payable or expected to
become due and payable and the Depositary Agent subsequently receives written notice from the applicable Parity Debt Representative that such payment of principal has been made in full, the Depositary Agent shall transfer the amount of such
principal payment to the Revenue Account for further application in accordance with this Section 3.2(c) and provided further that the proceeds applied to refinance any such outstanding Indebtedness need not be deposited in the Revenue
Account but may be paid directly to the applicable Parity Debt Representative; 
 (iv) fourth, after making each applicable
withdrawal and transfer specified in clause first through third above, to the Distribution Account, an amount sufficient to pay Taxes payable by the Company or the Guarantors in the amounts permitted pursuant to the Indenture;

 (v) fifth, after making each applicable withdrawal and transfer specified in clause first through fourth above, to
the DSR Account, an amount that together with the (A) funds in such account plus (B) any Acceptable Letter of Credit or Acceptable Guarantees procured by the Company for the benefit of the Collateral Trustee equals the Operating Period
Required Amount or such greater amount as the Company may elect; and 
 (vi) sixth, after making each applicable withdrawal and
transfer specified in clause first through fifth above, to the Distribution Account for all other purposes permitted by the Indenture and other Secured Debt Documents including Restricted Payments, subject to the limitations contained
in the Indenture. 
 (d) Construction Sub-Account. Notwithstanding the foregoing, any Indebtedness issued or incurred to complete
construction of Phase 1 and/or construction of Phase 2, and not expended prior to Phase 1 Target Completion, shall be maintained in the Construction Sub-Account within the Revenue Account to pay Construction Expenses. The Company may request
disbursements from the Construction Sub-Account by submitting a duly completed and executed Withdrawal Certificate to the Depositary Agent and Trustee, which Withdrawal Certificate shall state the amount of the proposed withdrawal and contain a
certification of an Authorized Officer that the requested funds are required to pay Construction Expenses which are concurrently due 
  

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 and payable or are reasonably estimated to become due and payable within the next 45 days. Subject to Section 3.14,
upon receipt before 12:00 Noon (New York City time) on any Business Day by the Depositary Agent, Depositary Agent shall make the withdrawals, transfers and payments as specified in the applicable Withdrawal Certificate as soon as reasonably
practicable, and in any event within two Business Days following receipt of such Withdrawal Certificate. Any and all such amounts that the Company subsequently determines are not required to be applied to complete the funding of construction of
Phase 1 or Phase 2 and the conforming provision of any Parity Lien Document shall be used to make an offer to (X) all holders of the Notes pursuant to Section 3.10 of the Indenture and (Y) other holders of Parity Secured Debt to the
extent the redemption or repayment of such Parity Secured Debt is required pursuant to conforming provisions of the applicable Parity Lien Document(s). If any funds remain in the Construction Sub-Account after consummation of the aforesaid offer,
such funds shall, upon the Company’s request in a duly completed and executed Withdrawal Certificate, be transferred to the Distribution Account. 
 Section 3.3 Debt Payment Account. 
 (a) Deposits into the Debt Payment Account. On each
Monthly Transfer Date, to the extent funds are available in the Revenue Account for such purpose, the Depositary Agent shall transfer the amounts specified in the applicable Withdrawal Certificate to the Interest Payment Sub-Account and the
Principal Payment Sub-Account as set forth in clauses (ii) and (iii) of Section 3.2(c), as applicable. 
 (b) Disbursements
from the Debt Payment Account. 
 (i) On each Interest Payment Date, amounts on deposit in the Interest Payment
Sub-Account shall be transferred to the Trustee to be applied to pay interest on the Notes as specified in written instructions to be given to the Depositary Agent by the Trustee. 
 (ii) On each other date on which interest is due on any other Parity Secured Debt, if required pursuant to the applicable Parity Lien
Documents, amounts on deposit in the Interest Payment Sub-Account shall be transferred to the applicable Parity Secured Debt Representative to be applied to pay interest on such Parity Secured Debt as specified in written instructions to be given to
the Depositary Agent by the applicable Parity Secured Debt Representative. 
 Section 3.4 Operating Account. 
 (a) Deposits into Operating Account. On each Monthly Transfer Date, to the extent funds are available in the Revenue Account for such purpose, the
Depositary Agent shall transfer the amounts specified in the applicable Withdrawal Certificate from the Revenue Account to the Operating Account as set forth in clause (i) of Section 3.2(c). 
 (b) Disbursements from Operating Account. Following receipt by the Depositary Agent of a duly completed and executed Withdrawal Certificate
detailing the amounts and Persons to be paid, the Depositary Agent shall transfer funds in the Operating Account to any Person to whom a payment is due, or is expected to become due within 45 days of the date of 
  

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 such Withdrawal Certificate, in respect of Operation and Maintenance Expenses, in each case as, when and to the extent
specified in such Withdrawal Certificate. 
 Section 3.5 DSR Account. 
 (a) Deposits into DSR Account. The Company shall cause to be deposited (or, in the case of clause (iii) below with respect to amounts
previously deposited, to remain on deposit) into the DSR Account: 
 (i) on the date hereof, an amount that, together with
(A) interest expected to be earned thereon and (B) amounts expected to be transferred to the DSR Account from the Construction Account pursuant to Section 3.1(b)(ii), is expected to be sufficient to pay all interest expected to be due
and payable on the Notes on the first five Interest Payment Dates; 
 (ii) on each Monthly Date prior to Phase 1 Target
Completion, interest accrued on amounts in the Construction Account and transferred as specified in Section 3.1(b)(ii); and 
 (iii) on each Monthly Transfer Date from and after Phase 1 Target Completion, to the extent of funds available in the Revenue Account pursuant to clause 3.2(c)(v), (1) an amount equal to interest due and payable on the Notes on the
next succeeding Interest Payment Date (as of any date of determination, the “Operating Period Required Amount”) less any amounts already on deposit in the DSR Account or (2) such greater amount as the Company may elect.

 (b) Disbursements from DSR Account prior to Phase 1 Target Completion. On each Interest Payment Date prior to Phase 1 Target
Completion, the Depositary Agent shall transfer from the DSR Account to the Trustee the total amount of interest then due and payable on the Notes. 
 (c) Disbursements from DSR Account following Phase 1 Target Completion. Following Phase 1 Target Completion, the Depositary Agent shall make the following disbursements from the DSR Account: 
 (i) if on any Interest Payment Date funds available in the Debt Payment Account are insufficient to pay the amount of interest then due
and payable on the Notes, to the Trustee for payment of such interest, the amount necessary to make such interest payment is in full; and 
 (ii) if requested pursuant to a duly completed and executed Withdrawal Certificate, on any date after the Phase 1 Target Completion, to the Revenue Account, the amount of funds in the DSR Account in excess of the
Operating Period Required Amount. 
 Section 3.6 Loss Proceeds Account. 
  

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 (a) Deposits into Loss Proceeds Account. The Company shall cause all Net Loss Proceeds to be
deposited into the Loss Proceeds Account. 
 (b) Disbursement from Loss Proceeds Account. After any Event of Loss, the Company may
apply the Net Loss Proceeds from the Event of Loss to the rebuilding, repair, replacement or construction of improvements to the Project, with no obligation to make any purchase of any notes, provided that with respect to any Event of Loss
that results in Net Loss Proceeds equal to or greater than $100,000,000: 
 (i) the Company delivers to the Collateral Trustee
within 120 days of such Event of Loss a written opinion from a reputable contractor that the Project can be rebuilt, repaired, replaced or constructed and operating within 540 days following such Event of Loss; and 
 (ii) the Company delivers to the Collateral Trustee within 120 days of such Event of Loss a certificate from an Authorized Officer
certifying that the Company has available from Net Loss Proceeds, cash on hand, binding equity commitments with respect to funds, anticipated insurance proceeds and/or available borrowings under Indebtedness permitted under the Indenture to complete
the rebuilding, repair, replacement or construction described in clause (i) above and to pay debt service on its Indebtedness during the repair or restoration period. 
 (c) Excess Loss Proceeds. Any Net Loss Proceeds that are not reinvested (or committed for reinvestment by the Company) within 540 days following
an Event of Loss, as required in clause (b) above, will be deemed “Excess Loss Proceeds.” If at any time the aggregate amount of Excess Loss Proceeds in the Loss Proceeds Account exceeds $100,000,000, all Excess Loss
Proceeds in the Loss Proceeds Account shall be (upon receipt by Depositary Agent and Collateral Trustee of an Officer’s Certificate sufficiently describing the Company’s compliance with applicable provisions of the Indenture and any other
applicable Secured Debt Documents) made available for application in connection with an “Event of Loss Offer” under and as defined in the Indenture. If any Excess Loss Proceeds remain after consummation of an Event of Loss Offer, such
Excess Loss Proceeds shall, upon the Company’s request in a duly completed and executed Withdrawal Certificate delivered together with a duly completed and executed Officer’s Certificate certifying to the Company’s compliance with the
applicable terms of the Indenture and any other applicable Party Lien Document, be transferred to the Distribution Account. 
 Section 3.7 Asset Sale Proceeds Account. 
 (a) Deposits into Asset Sale Proceeds Account. The Company shall cause
all Net Proceeds from any Asset Sale to be deposited into the Asset Sale Proceeds Account. 
 (b) Disbursements from Asset Sales Proceeds
Account. Within 360 days after the receipt of any Net Proceeds from an Asset Sale, the Company (or the applicable Restricted Subsidiary, as the case may be) may apply an amount equal to such Net Proceeds: 
 (i) to repay Senior Debt; or 
  

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 (ii) to make any capital expenditure or to purchase Replacement Assets (or enter into a
binding agreement to make such capital expenditure or to purchase such Replacement Assets; provided that (a) such capital expenditure or purchase is consummated within the later of (x) 360 days after the receipt of the Net Proceeds from
the related Asset Sale and (y) 180 days after the date of such binding agreement and (b) if such capital expenditure or purchase is not consummated within the period set forth in subclause (a), the amount not so applied will be deemed to
be Excess Proceeds (as defined below)). 
 (c) Any Net Proceeds from Asset Sales that are not applied or invested as provided in the
preceding paragraphs will constitute “Excess Proceeds”. If at any time the aggregate amount of Excess Proceeds in the Asset Sale Proceeds Account exceeds $25,000,000, all Excess Proceeds in the Asset Sale Proceeds Account
shall be (upon receipt by Depositary Agent and Collateral Trustee of an Officer’s Certificate sufficiently describing the Company’s compliance with applicable provisions of the Indenture and any other applicable Secured Debt Documents)
made available for application in connection with an “Asset Sale Offer” under and as defined in the Indenture. If any Excess Proceeds remain after consummation of an Asset Sale Offer, such Excess Proceeds shall, upon the Company’s
request in a duly completed and executed Withdrawal Certificate delivered together with a duly completed and executed Officer’s Certificate certifying to the Company’s compliance with the applicable terms of the Indenture and any other
applicable Party Lien Document, be transferred to the Distribution Account. 
 Section 3.8 Distribution Account 
 (a) Deposits into Distribution Account. Amounts may be deposited into the Distribution Account to the extent permitted pursuant to clauses
fourth and sixth of Section 3.2(c), Section 3.6(c) and Section 3.7(c) 
 (b) Disbursements from Distribution
Account. After Phase 1 Target Completion: 
 (i) On each Monthly Transfer Date, after Phase 1 Target Completion, on which
the Restricted Payment Conditions are satisfied and after all transfers required under Sections 3.2(c) and Section 3.9 have been made, the Depositary Agent shall, to the extent directed by the Company pursuant to a duly completed and executed
Withdrawal Certificate delivered together with a duly completed and executed Officer’s Certificate certifying that the Restricted Payment Conditions have been met, received by the Depositary Agent at least two Business Days prior to the
applicable payment date, make payments or distributions from the Distribution Account, to the extent of Permitted Investments on deposit in or credited to the Distribution Account and to the extent permitted under the Indenture and any other Secured
Debt Documents; and 
 (ii) On each Monthly Transfer Date on which no Default or Event of Default has occurred or is
continuing, the Company may, pursuant to a duly completed and executed Withdrawal Certificate delivered together with a duly completed and executed Officer’s Certificate certifying that no Event of Default exists, received by the Depositary
Agent at least two Business Days prior to the applicable payment date, make payments or distributions from the Distribution Account to pay Construction Expenses. 
  

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 Section 3.9 Invasion of Accounts. 
 (a) One Business Day prior to any Business Day on which (i) Operation and Maintenance Expenses are due and payable and the monies on deposit in or
credited to the Operating Account are not anticipated to be adequate to pay such Operation and Maintenance Expenses or (ii) interest or principal is due and payable under the Note Documents or any other Parity Lien Documents and the monies on
deposit in the Debt Payment Account (including the Interest Payment Sub-Account or Principal Payment Sub-Account, as applicable) are not anticipated to be adequate to pay such interest or principal, then the Depositary Agent shall (based on and as
instructed pursuant to an Officer’s Certificate) withdraw from the Accounts specified below to the extent funds are available in such Accounts in the order of priority set forth below and transfer to the Operating Account or the Debt Service
Account (including the Interest Payment Sub-Account or Principal Payment Sub-Account, as applicable) (as applicable and in an order of priority consistent with the priorities established by Section 3.1(c)) an amount sufficient to cause the
balance in such Accounts (when taken together with all other amounts deposited therein or credited thereto at such time) to equal the amount of such Operation and Maintenance Expenses, interest, or principal payments (as applicable) due and payable
by the Company on such Business Day: 
 first, from the Distribution Account; and 
 second, to the extent monies in the Distribution Account are not adequate for such purpose, from the Revenue Account. 

Section 3.10 Investment of Accounts. (a) Amounts deposited in the Accounts under this Agreement shall, at the Company’s written
request and direction, be invested by the Depositary Agent in Permitted Investments, in each case as specifically directed by the Company that will mature in such amounts and not later than such times as may be necessary to provide monies when
needed to make payments from such monies as provided in this Agreement. Except as otherwise provided herein (including pursuant to Section 3.1(b)(ii)), net interest or gain received, if any, from such investments shall be deposited into the
Revenue Account. Any loss shall be charged to the applicable Account. The Depositary Agent shall have no responsibility or liability for any loss which may result from any investment made pursuant to this Agreement, or for any loss resulting
from the sale of such investment. 
 (b) Absent written instructions from the Company, the Depositary Agent shall invest the amounts held in
the Accounts under this Agreement in Permitted Investments described in clause (b) of such definition. In the event that at any time amounts are funded into an Account after 11:00 am New York City time on any Business Day, the Depositary Agent
shall have no obligation to invest or reinvest such amounts on the date on which such amounts are funded. Instructions with respect to the investment of amounts received into an Account after 11:00 am New York City time shall be deemed to apply for
the following Business Day. 
 (c) If and when cash is required for the making of any transfer, disbursement or withdrawal in accordance with
this Agreement (it being understood that cash shall not be required for any transfer between Accounts unless Permitted Investments do not exist in the Account from which monies are being transferred in appropriate amounts in order to permit such

  

 21 

 transfer), the Company shall cause Permitted Investments to be sold or otherwise liquidated into cash (without regard to
maturity) as and to the extent necessary in order to make such transfers, disbursements or withdrawals required pursuant to this Agreement. The Depositary Agent shall comply with any instruction from the Company with respect to the liquidation of
such Permitted Investments. In the event any such investments are so redeemed prior to the maturity thereof, neither the Depositary Agent nor the Collateral Trustee shall be liable for any loss, penalties, fees or expenses relating thereto.

 (d) For purposes of determining responsibility for any income tax payable on account of any income or gain on any Permitted Investment
hereunder, such income or gain shall be for the account of the Company. The Company shall provide the Depositary Agent with certified tax identification numbers by furnishing appropriate forms W-9 or W-8 and such other forms and documents that the
Depositary Agent may request. 
 Section 3.11 Disposition of Accounts Upon Discharge Date. If the Depositary Agent shall have
received a certificate from the Collateral Trustee stating that the Discharge Date shall have occurred, all amounts remaining in the Accounts shall be remitted to the Company or as otherwise directed in writing by the Company. 
 Section 3.12 Account Balance Statements. The Depositary Agent shall, on a monthly basis within 15 days after the end of each month and at
such other times as the Collateral Trustee or the Company may from time to time reasonably request, provide to the Collateral Trustee and the Company, fund balance statements in respect of each of the Accounts, sub-accounts and amounts held in any
of the Accounts. Such balance statement shall also include deposits, withdrawals and transfers from and to any Account and sub-accounts and the net investment income or gain received and collected in each such Account and sub-account. The Depositary
Agent shall maintain records of all receipts, disbursements, and investments of funds with respect to the Accounts until the third anniversary of the Discharge Date. Within 90 days after the end of each year, the Depositary Agent shall furnish to
the Collateral Trustee, with a copy to the Company, a report setting forth in reasonable detail the account balance, receipts, disbursements, transfers, investment transactions and accruals for each of the Accounts and sub-accounts during such year.
The Depositary Agent shall promptly notify the Collateral Trustee (with a copy to the Company) of its receipt and the amount of any funds received from any Person that is, or is required hereunder to be, deposited into any Account, specifying the
Account in which such funds have been deposited. The Depositary Agent shall upon request give notice to the Collateral Trustee and the Company of the location of the Accounts and sub-accounts. 
 Section 3.13 Trigger Event Date. (a) On and after any date on which the Depositary Agent receives written notice from the Collateral
Trustee that (i) a payment default on the Notes or any other Secured Debt Document has occurred and is continuing or (ii) an Event of Default has occurred and is continuing and the maturity of the Notes or any other Secured Debt Document
has been accelerated (the date of receipt of such notice, the “Trigger Event Date”), notwithstanding anything to the contrary contained herein (including Article III), the Depositary Agent shall thereafter accept all notices
and instructions required or permitted to be given to the Depositary Agent pursuant to the terms of this Agreement only from the Collateral Trustee and not from the Company or any other Person and the Depositary Agent shall not withdraw, transfer,
pay or otherwise distribute any monies in any of the Accounts except pursuant to such 
  

 22 

 notices and instructions from the Collateral Trustee unless the Depositary Agent shall have received notice from the
Collateral Trustee that such payment default has been waived, cured or no longer exists or that the acceleration of the maturity of the Notes or such other Secured Debt Document has been rescinded, as the case may be, in which event the terms of
this Section 3.13 shall thereafter be inapplicable to such payment default or acceleration, as the case may be. 
 (b) Within three
Business Days of a Trigger Event Date, the Depositary Agent shall render an accounting of all monies in the Accounts as of such Trigger Event Date to the Collateral Trustee. 
 (c) All of the Collateral Trustee’s rights and remedies with respect to the Accounts and the other Account Collateral shall be subject to the terms
of the Collateral Trust Agreement. Accordingly, from and after a Trigger Event Date, the Collateral Trustee shall have the right to control the Accounts, use the Account Collateral to repay the Secured Obligations and sell, dispose or realize on the
Account Collateral, in each case in accordance with the Collateral Trust Agreement. 
 (d) From and after a Trigger Event Date, and
notwithstanding anything herein to the contrary (but without limiting any of the Secured Parties’ rights or remedies under the Secured Debt Documents and in each case subject to the terms of the Collateral Trust Agreement), the Collateral
Trustee (or the Depositary Agent at the Collateral Trustee’s direction) shall be permitted to (i) liquidate and make Permitted Investments, (ii) direct the disposition of the funds in each of the Accounts, (iii) pay Construction
Expenses and Operation and Maintenance Expenses then due and payable and (iv) pay interest and principal in accordance with the priorities established by Section 3.2(c) and the Collateral Trust Agreement. 
 Section 3.14 Transfers from Accounts; Withdrawal Certificates. 
 (a) Whenever required under this Agreement and unless otherwise specified, all amounts required to be transferred from one Account to any other Account shall be so transferred by the Depositary Agent as soon as
reasonably practicable. 
 (b) The Company shall not be permitted to submit to the Depositary Agent more than one Withdrawal Certificate per
calendar month with respect to the Construction Account, Revenue Account, Operating Account and Distribution Account. 
 ARTICLE IV

 DEPOSITARY AGENT 
 Section 4.1 Appointment of Depositary Agent, Powers and Immunities. The Company and the Collateral Trustee, on behalf of the Secured Parties, hereby each appoint the Depositary Agent to act as its agent hereunder, with such
powers as are expressly delegated to the Depositary Agent by the terms of this Agreement, together with such other powers as are reasonably incidental thereto. The Depositary Agent shall not have any duties or responsibilities except those expressly
set forth in this Agreement and no implied duties or covenants shall be read against the Depositary Agent. Without limiting the generality of the foregoing, the Depositary Agent shall take all actions as the Collateral Trustee shall direct it to
perform in 
  

 23 

 accordance with the express provisions of this Agreement. Notwithstanding anything to the contrary contained herein, the
Depositary Agent shall not be required to take any action which is contrary to this Agreement or Government Rules. Neither the Depositary Agent nor any of its Affiliates shall be responsible to the Secured Parties for any recitals, statements,
representations or warranties made by the Company contained in this Agreement or any other Project Document or Secured Debt Document or in any certificate or other document referred to or provided for in, or received by any Secured Party under this
Agreement or any other Project Document or Secured Debt Document for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Depositary Agent Agreement or any other Project Document or any other document referred to or
provided for herein or therein or for any failure by the Company to perform its obligations hereunder or thereunder. The Depositary Agent shall not be required to ascertain or inquire as to the performance by the Company or any other Person of any
of its obligations under this Agreement or any other document or agreement contemplated hereby or thereby. The Depositary Agent shall not be (a) required to initiate or conduct any litigation or collection proceeding hereunder or under any
other Secured Debt Document or (b) responsible for any action taken or omitted to be taken by it hereunder (except for its own gross negligence or willful misconduct) or in connection with any other Secured Debt Document. Except as otherwise
provided under this Agreement, the Depositary Agent shall take action under this Agreement only as it shall be directed in writing. Whenever in the administration of this Agreement the Depositary Agent shall deem it necessary or desirable that a
factual matter be proved or established in connection with the Depositary Agent taking, suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof is herein specifically prescribed) may be deemed to be
conclusively proved or established by an Officer’s Certificate of the Company or a certificate of an officer of the Collateral Trustee, if appropriate. The Depositary Agent shall have the right at any time to seek instructions concerning the
administration of this Agreement from the Collateral Trustee, the Company or any court of competent jurisdiction. The Depositary Agent shall have no obligation to expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder. The Depositary Agent shall not be liable for any error of judgment made in good faith by an officer or officers of the Depositary Agent, unless it shall be conclusively determined by a court of competent
jurisdiction that the Depositary Agent was grossly negligent or acting with willful misconduct in ascertaining the pertinent facts. The Depositary Agent may execute any of the trusts or powers hereunder or perform any duties hereunder either
directly or by or through agents, attorneys, custodians or nominees appointed with due care, and shall not be responsible for any misconduct or negligence on the part of, or for the supervision of, any agent, attorney, custodian or nominee so
appointed. Neither the Depositary Agent nor any of its officers, directors, employees or agents shall be liable for any action taken or omitted under this Agreement or in connection therewith except to the extent caused by the Depositary
Agent’s gross negligence or willful misconduct, as determined by the final judgment of a court of competent jurisdiction, no longer subject to appeal or review. The Depositary Agent shall not be deemed to have knowledge of an Event of Default
unless the Depositary Agent shall have received written notice thereof. The rights, privileges, protections and benefits given to the Depositary Agent, including, without limitation, its rights to be indemnified, are extended to, and shall be
enforceable by, the Depositary Agent in each of its capacities hereunder, and to each agent, custodian and other Persons employed by the Collateral Trustee in accordance herewith to act hereunder. 
  

 24 

 Section 4.2 Reliance by Depositary Agent. The Depositary Agent shall be entitled to
conclusively rely upon and shall not be bound to make any investigation into the facts or matters stated in any certificate of the Company or Collateral Trustee, or any other notice or other document (including any electronic transmission, cable,
telegram or telecopy) believed by it to be genuine and to have been signed or sent by or on behalf of the proper Person or Persons, and upon advice and statement of legal counsel, independent accountants and other experts selected by the Depositary
Agent and shall have no liability for its actions taken thereupon, unless due to the Depositary Agent’s willful misconduct or gross negligence. Without limiting the foregoing, the Depositary Agent shall be required to make payments to the
Collateral Trustee only as set forth herein. The Depositary Agent shall be fully justified in failing or refusing to take any action under this Agreement (a) if such action would, in the reasonable opinion of the Depositary Agent, be contrary
to applicable Government Rule or the terms of this Agreement, (b) if such action is not specifically provided for in this Agreement and it shall not have received any such advice or concurrence of the Collateral Trustee as it deems appropriate
or (c) if, in connection with the taking of any such action that would constitute an exercise of remedies under this Agreement (whether such action is or is intended to be an action of the Depositary Agent or the Collateral Trustee), it shall
not first be indemnified to its satisfaction by the Secured Parties (other than the Collateral Trustee (in its individual capacity) or any other agent or trustee under any of the Secured Debt Documents (in their respective individual capacities))
against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Depositary Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement
in accordance with a request of the Collateral Trustee or one or more other Secured Parties, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Secured Parties. 
 Section 4.3 Court Orders. The Depositary Agent is hereby authorized, in its exclusive discretion, to obey and comply with all writs, orders,
judgments or decrees issued by any court or administrative agency affecting any money, documents or things held by the Depositary Agent. The Depositary Agent shall not be liable to any of the parties hereto or any of the Secured Parties or their
successors, heirs or personal representatives by reason of the Depositary Agent’s compliance with such writs, orders, judgments or decrees, notwithstanding such writ, order, judgment or decree is later reversed, modified, set aside or vacated.

 Section 4.4 Resignation or Removal. Subject to the appointment and acceptance of a successor Depositary Agent as provided
below, the Depositary Agent may resign at any time by giving 30 days’ written notice thereof to the Collateral Trustee and the Company, provided that in the event the Depositary Agent is also the Collateral Trustee, it must also at the
same time resign as the Collateral Trustee. The Depositary Agent may be removed at any time with or without cause by the Collateral Trustee. So long as no Event of Default shall have then occurred and be continuing, the Company shall have the right
to remove the Depositary Agent for cause upon 60 days’ notice to the Depositary Agent and the Collateral Trustee. In the event that the Depositary Agent shall decline to take any action without first receiving adequate indemnity from the
Company or the Secured Parties and, having received an indemnity, shall continue to decline to take such action, the Company and the Collateral Trustee shall be deemed to have sufficient cause to remove the Depositary Agent. Notwithstanding anything
to the contrary, no resignation or removal of the Depositary Agent shall be effective until: (i) a successor Depositary Agent is appointed in accordance with this Section 4.4, (ii) the resigning or removed Depositary 
  

 25 

 Agent has transferred to its successor all of its rights and obligations in its capacity as the Depositary Agent under
this Agreement and the other Secured Debt Documents, and (iii) the successor Depositary Agent has executed and delivered an agreement to be bound by the terms hereof and perform all duties required of the Depositary Agent hereunder. Within 30
days of receipt of a written notice of any resignation or removal of the Depositary Agent, so long as no Event of Default shall have then occurred and be continuing, the Company shall appoint a successor Depositary Agent reasonably acceptable to the
Collateral Trustee; provided, that if the Collateral Trustee does not confirm such acceptance or reject such appointee in writing within 30 days following selection of such successor by the Company, then it shall be deemed to have given
acceptance thereof and such successor shall be deemed appointed as the Depositary Agent hereunder. If no successor Depositary Agent shall have been appointed by the Company and shall have accepted such appointment within 30 days after the retiring
Depositary Agent’s giving of notice of resignation or the removal of the retiring Depositary Agent or if an Event of Default shall have then occurred and be continuing, then the retiring Depositary Agent may apply to a court of competent
jurisdiction to appoint a successor Depositary Agent, which shall be a bank or trust company which has an office in New York, New York and that has a combined capital surplus of at least $500,000,000 or at least $100,000,000 and is a wholly owned
subsidiary of a bank or trust company that has a combined capital surplus of at least $500,000,000 and is reasonably acceptable to the Collateral Trustee; provided, that if the Collateral Trustee does not confirm such acceptance or reject
such appointee in writing within 30 days following selection of such successor by the retiring Depositary Agent, then it shall be deemed to have given acceptance thereof and such successor shall be deemed appointed as the Depositary Agent hereunder.
Upon the acceptance of any appointment as Depositary Agent hereunder by the successor Depositary Agent, (a) such successor Depositary Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Depositary Agent, and the retiring Depositary Agent shall be discharged from its duties and obligations hereunder and (b) the retiring Depositary Agent shall promptly transfer all monies and Permitted Investments within its possession
or control to the possession or control of the successor Depositary Agent and shall execute and deliver such notices, instructions and assignments as may be necessary or desirable to transfer the rights of the Depositary Agent with respect to the
monies and Permitted Investments to the successor Depositary Agent. After the retiring Depositary Agent’s resignation or removal hereunder as Depositary Agent, the provisions of this Article IV and of Article V shall continue in
effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Depositary Agent. Any corporation into which the Depositary Agent may be merged or converted or with which it may be consolidated or any
corporation resulting from any merger, conversion or consolidation to which the Depositary Agent shall be a party, or any corporation succeeding to the business of the Depositary Agent shall be the successor of the Depositary Agent hereunder without
the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary
notwithstanding. 
  

 26 

 ARTICLE V 
 EXPENSES; INDEMNIFICATION; FEES 
 Section 5.1 Compensation and Expenses. The Company
agrees to pay to the Depositary Agent (a) the Depositary Agent’s fees in accordance with a fee schedule provided by the Depositary Agent to the Company prior to the date hereof and (b) the amount of any and all of the Depositary
Agent’s reasonable and documented out-of-pocket expenses, including the reasonable and documented fees and expenses of its counsel (and any local counsel) and of any accountants, experts or agents, which the Depositary Agent may incur in
connection with (i) the administration of this Security Deposit Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Account Collateral or (iii) the exercise or
enforcement (whether through negotiations, legal proceedings or otherwise) of any of the rights of the Depositary Agent under this Secured Deposit Agreement. 
 Section 5.2 Indemnification. 
 (a) The Company, whether or not any of the transactions
contemplated hereby shall be consummated, hereby assumes liability for and agrees to defend, indemnify and hold harmless each Indemnified Person from and against any Claims which may be imposed on, incurred by or asserted against an Indemnified
Person in any way relating to or arising or alleged to arise out of: (a) the financing, ownership, operation or maintenance of the Project, or any part thereof; (b) any latent or other defects in the Project whether or not discoverable by
an Indemnified Person or the Company; (c) any violation of environmental laws, environmental claims or other loss of or damage relating to the Project; (d) any breach by the Company of any of its representations or warranties under the
Secured Debt Documents or failure by the Company to perform or observe any covenant or agreement to be performed by it under any of the Secured Debt Documents; (e) personal injury, death or property damage relating to the Project, including
Claims based on strict liability in tort and (f) this Agreement and the transactions contemplated hereby (including the performance by the Depositary Agent of its duties, rights and obligations hereunder); provided, that the foregoing
indemnities in clauses (a) through (f) shall not, as to any Indemnified Person, apply to Claims to the extent they arise out of or result from (i) the gross negligence or willful misconduct of such Indemnified Person as determined in
a final, non-appealable judgment by a court of competent jurisdiction, (ii) any breach of any obligation or representation or warranty of such Indemnified Person under any Secured Debt Document, or (iii) any taxes (other than taxes
incurred by such Indemnified Person as a result of its receipt of an amount payable under this Section 5.2(a)) owed by the Indemnified Person in its individual capacity. 
 (b) To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in clause (a) may be unenforceable in whole or in part
because they are violative of any law or public policy, the Company shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all indemnified liabilities incurred pursuant to
clause (a) by any Indemnified Person. 
 (c) The agreements in this Section 5.2 shall survive termination of this Agreement.

  

 27 

 Section 5.3 Prompt Payment. All amounts due under this Article V shall be payable by the
Company within ten days after receipt of written demand therefor. 
 ARTICLE VI 
 MISCELLANEOUS 
 Section 6.1 Amendments; Etc. No amendment or waiver
of any provision of this Agreement nor consent to any departure by the Company herefrom shall in any event be effective unless the same shall be in writing and signed by each of the parties hereto and is otherwise in accordance with the terms of the
Collateral Trust Agreement. Any such amendment, waiver or consent shall be effective only in the specific instance and for the specified purpose for which given. 
 Section 6.2 Addresses for Notices. All notices, requests and other communications provided for hereunder shall be in writing and, except as otherwise required by the provisions of this Agreement, shall be
sufficiently given and shall be deemed given when personally delivered or, if mailed by registered or certified mail, postage prepaid, or sent by overnight delivery or telecopy, upon receipt by the addressee, in each case addressed to the parties as
follows (or such other address as shall be designated by such party in a written notice to each other party): 
  

			
	Company:	  	Sabine Pass LNG, L.P.
		  	717 Texas Ave. Suite 3100
		  	Houston, TX
		  	Attention: Graham McArthur
		  	Fax: (713) 659-5459
		  	email: gmcarthur@cheniere.com
		
	Collateral Trustee:	  	The Bank of New York
		  	as Collateral Trustee
		  	101 Barclay Street 8W
		  	New York, NY 10286
		  	Attention: Corporate Trust Administration
		  	Fax: (212) 815-5707
		
	Depositary Agent:	  	The Bank of New York
		  	as Depositary Agent
		  	101 Barclay Street 8W
		  	New York, NY 10286
		  	Attention: Corporate Trust Administration
		  	Fax: (212) 815-5707

 Section 6.3 Governing Law; Jurisdiction. 
  

 28 

 (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK EXCLUDING CHOICE OF LAW PRINCIPLES OF SUCH LAWS WHICH WOULD REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK (OTHER THAN SECTION 5-1401 OF THE NEW
YORK GENERAL OBLIGATIONS LAW). 
 (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT AND ANY ACTION FOR ENFORCEMENT OF ANY
JUDGMENT IN RESPECT THEREOF MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF THE PARTIES HERETO HEREBY ACCEPTS
FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE NON-EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND APPELLATE COURTS FROM ANY THEREOF. THE COMPANY HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS CT CORPORATION
SYSTEM AS ITS DESIGNEE, APPOINTEE AND AGENT TO RECEIVE, ACCEPT AND ACKNOWLEDGE FOR AND ON ITS BEHALF, AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS WHICH MAY BE SERVED IN ANY ACTION OR
PROCEEDING IN THE STATE OF NEW YORK. IF FOR ANY REASON SUCH DESIGNEE, APPOINTEE AND AGENT SHALL CEASE TO BE AVAILABLE TO ACT AS SUCH, THE COMPANY AGREES TO DESIGNATE A NEW DESIGNEE, APPOINTEE AND AGENT IN NEW YORK CITY ON THE TERMS AND FOR THE
PURPOSES OF THIS PROVISION SATISFACTORY TO THE COLLATERAL TRUSTEE. THE COMPANY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR
CERTIFIED MAIL, POSTAGE PREPAID, TO THE COMPANY AT ITS ADDRESS REFERRED TO IN SECTION 6.2. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY DO SO UNDER APPLICABLE LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT BROUGHT IN THE COURTS REFERRED TO ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH
COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL
PROCEEDINGS OR OTHERWISE PROCEED IN ANY OTHER JURISDICTION. 
 (c) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY MATTER ARISING HEREUNDER. 
  

 29 

 Section 6.4 Headings. Section and Article headings in this Agreement are included herein for
convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect. 
 Section 6.5 Limited Third Party Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties hereto and its respective successors and assigns and shall inure to the benefit
of the Secured Parties. 
 Section 6.6 No Waiver. No failure on the part of the Depositary Agent, the Collateral Trustee or any
of the Secured Parties or any of their nominees or representatives to exercise, and no course of dealing with respect to, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise by the Depositary Agent, the Collateral Trustee or any of the Secured Parties or any of their nominees or representatives of any right, power or remedy hereunder preclude any other or future exercise thereof or the exercise of any
other right, power or remedy, nor shall any waiver of any single Event of Default or other breach or default be deemed a waiver of any other Event of Default or other breach or default theretofore or thereafter occurring. 
 Section 6.7 Severability. If any provision of this Agreement or the application thereof shall be invalid or unenforceable to any extent,
(a) the remainder of this Agreement and the application of such remaining provisions shall not be affected thereby and (b) each such remaining provision shall be enforced to the greatest extent permitted by law. 
 Section 6.8 Successors and Assigns. All covenants, agreements, representations and warranties in this Agreement by each party hereto shall
bind and, to the extent permitted hereby, shall inure to the benefit of and be enforceable by their respective successors and assigns and the Secured Parties, whether so expressed or not. 
 Section 6.9 Execution in Counterparts. 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 or any document or instrument delivered in
connection herewith by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement or such other document or instrument, as applicable. 
 Section 6.10 Regarding the Collateral Trustee. The Collateral Trustee shall be afforded all of the rights, powers, protections, immunities and indemnities set forth in the Collateral Trust Agreement as if
the same were specifically set forth herein. 
 Section 6.11 Intercreditor Provisions. In the event of any conflict between the
provisions set forth in this Agreement and those set forth in the Collateral Trust Agreement, the provisions of the Collateral Trust Agreement shall supersede and control the terms and provisions of this Agreement. 
 Section 6.12 Force Majeure. In no event shall the Collateral Trustee or Depositary Agent be responsible or liable for any failure or delay in
the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including 
  

 30 

 strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of god, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Collateral Trustee or Depositary Agent shall use reasonable efforts which
are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 6.13 Consequential Damages. Anything in this Agreement to the contrary notwithstanding, in no event shall any of the parties hereto be liable under or in connection with this Agreement for indirect, special, incidental,
punitive or consequential losses or damages of any kind whatsoever, including but not limited to lost profits, whether or not foreseeable, even if such party has been advised of the possibility thereof and regardless of the form of action in which
such damages are sought. 
 Section 6.14 Patriot Act. The Company hereby acknowledges that the Depositary Agent is subject to
federal laws, including the Customer Identification Program (CIP) requirements under the USA PATRIOT Act and its implementing regulations, pursuant to which the Company must obtain, verify and record information that allows the Depositary Agent to
identify the Company. Accordingly, prior to opening an Account hereunder the Depositary Agent will ask the Company to provide certain information including, but not limited to, the Company’s name, physical address, tax identification number and
other information that will help the Depositary Agent to identify and verify the Company’s identity such as organizational documents, certificate of good standing, license to do business, or other pertinent identifying information. The Company
agrees that the Depositary Agent cannot open an Account hereunder unless and until the Company verifies the Company’s identity in accordance with its CIP. 
 [Signature page follows.] 
  

 31 

 IN WITNESS WHEREOF, the parties hereto have caused this Security Deposit Agreement to be duly executed
and delivered by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	SABINE PASS LNG, L.P.
		
	By:	 	Sabine Pass LNG–GP, Inc., its general partner
		
	By:	 	 /s/ Graham McArthur

	Name:	 	Graham McArthur
	Title:	 	Treasurer

 Signature Page – Security Deposit Agreement 

			
	THE BANK OF NEW YORK, not individually but solely in its capacity as Collateral Trustee
		
	By:	 	 /s/ Beata Hryniewicka

	Name:	 	Beata Hryniewicka
	Title:	 	Assistant Vice President

 Signature Page – Security Deposit Agreement 

			
	THE BANK OF NEW YORK not individually but solely in its capacity as Depositary Agent
		
	By:	 	 /s/ Beata Hryniewicka

	Name:	 	Beata Hryniewicka
	Title:	 	Assistant Vice President

 Signature Page – Security Deposit AgreementAmended and Restated Terminal Use Agreement

 Exhibit 10.6 
  

 AMENDED AND RESTATED LNG TERMINAL USE AGREEMENT 
 between 
 CHENIERE MARKETING, INC.

 and 
 SABINE PASS
LNG, L.P. 
 Amended and Restated as of November 9, 2006 
  

 TABLE OF CONTENTS 
  

							
	 PART ONE PRINCIPAL COMMERCIAL TERMS AND CONDITIONS
	  	i
		  	A.	  	 Term
	  	i
		  	B.	  	 Services Quantity
	  	ii
		  	C.	  	 Fee and Retainage
	  	ii
		  	D.	  	 Notices
	  	iii
		  	E.	  	 Other Customers
	  	iii
		  	G.	  	 Customer Cooperation Regarding SABINE Financing
	  	iv
		  	H.	  	 Amendment and Restatement
	  	iv
		
	PART TWO GENERAL TERMS AND CONDITIONS	  	1
			
	 Article 1
	  	 DEFINITIONS
	  	1
			
	 Article 2
	  	 SERVICES AND SCOPE
	  	8
		  	2.1	  	 Services to be Provided by SABINE
	  	8
		  	2.2	  	 Additional Services
	  	8
		  	2.3	  	 Activities Outside Scope of this Agreement
	  	8
			
	 Article 3
	  	SALE AND PURCHASE OF SERVICES	  	9
		  	3.1	  	 Services
	  	9
		  	3.2	  	 Customer’s Use of Services
	  	10
		  	3.3	  	 No Pre-Delivery Right
	  	10
		  	3.4	  	 Failure to Take Delivery of Gas at Delivery Point
	  	10
		  	3.5	  	 Sabine Pass Services Manual
	  	11
			
	 Article 4
	  	 COMPENSATION FOR SERVICES
	  	11
		  	4.1	  	 Fee
	  	11
		  	4.2	  	 Taxes and New Regulatory Costs
	  	11
		  	4.3	  	 Services Unavailability
	  	12
		  	4.4	  	 Services Provided to Other Customers
	  	12
			
	 Article 5
	  	 SCHEDULING
	  	12
		  	5.1	  	 Annual Delivery Program
	  	12
		  	5.2	  	 Three Month Schedules
	  	15
		  	5.3	  	 Gas Delivery
	  	16
		  	5.4	  	 Standard
	  	17
		  	5.5	  	 Scheduling Representative
	  	17
		  	5.6	  	 Scheduling Coordination Among Customer and Other Customers
	  	18
			
	 Article 6
	  	 COMMERCIAL START DATE
	  	18
			
	 Article 7
	  	 SABINE PASS FACILITY
	  	18

  

 I 

							
		  	7.1	  	 Sabine Pass Facility
	  	18
		  	7.2	  	 Compatibility of Sabine Pass Facility with LNG Vessels
	  	20
		  	7.3	  	 Customer Inspection Rights
	  	21
			
	 Article 8
	  	TRANSPORTATION AND UNLOADING	  	21
		  	8.1	  	 LNG Vessels
	  	21
		  	8.2	  	 Sabine Pass Marine Operations Manual
	  	24
		  	8.3	  	 LNG Vessel Inspections; Right to Reject LNG Vessel
	  	24
		  	8.4	  	 Advance Notices Regarding LNG Vessel and Cargoes
	  	25
		  	8.5	  	 Notice of Readiness
	  	27
		  	8.6	  	 Berthing Assignment
	  	28
		  	8.7	  	 Unloading Time
	  	29
		  	8.8	  	 Unloading at the Sabine Pass Facility
	  	30
		  	8.9	  	 LNG Vessel Not Ready for Unloading; Excess Berth Time
	  	31
			
	 Article 9
	  	RECEIPT OF LNG	  	32
		  	9.1	  	 Title, Custody and Risk of Loss
	  	32
		  	9.2	  	 No Encumbrance
	  	32
		  	9.3	  	 Receipt of LNG
	  	33
		  	9.4	  	 Quality and Measurement of Customer’s LNG
	  	33
		  	9.5	  	 Off-Specification LNG
	  	34
			
	 Article 10
	  	REDELIVERY OF GAS	  	35
		  	10.1	  	 General
	  	35
		  	10.2	  	 Customer’s Responsibility
	  	36
		  	10.3	  	 Specifications and Measurement of Gas at the Delivery Point
	  	36
		  	10.4	  	 Nonconforming Gas
	  	37
			
	Article 11	  	PAYMENT	  	38
		  	11.1	  	 Monthly Statements
	  	38
		  	11.2	  	 Other Statements
	  	38
		  	11.3	  	 Adjustments, Audit
	  	38
		  	11.4	  	 Payment Due Dates
	  	39
		  	11.5	  	 Payment
	  	40
		  	11.6	  	 Nonpayment
	  	40
		  	11.7	  	 Disputed Statements
	  	40
		  	11.8	  	 Final Settlement
	  	41
			
	 Article 12
	  	DUTIES, TAXES AND OTHER GOVERNMENTAL CHARGES	  	41
			
	 Article 13
	  	INSURANCE	  	41
		  	13.1	  	 SABINE’s Insurance
	  	41
		  	13.2	  	 Customer’s Insurance
	  	42
		  	13.3	  	 Port Liability Agreement
	  	43

  

 II 

							
	 Article 14
	  	LIABILITIES	  	43
		  	14.1	  	 Limitation of Liability of SABINE
	  	43
		  	14.2	  	 Consequential Loss or Damage
	  	44
		  	14.3	  	 Parties’ Liability
	  	44
			
	 Article 15
	  	FORCE MAJEURE	  	44
		  	15.1	  	 Events of Force Majeure
	  	44
		  	15.2	  	 Limitation on Scope of Force Majeure for Customer
	  	45
		  	15.3	  	 Notice
	  	45
		  	15.4	  	 Measures
	  	45
		  	15.5	  	 No Extension of Term
	  	45
		  	15.6	  	 Settlement of Industrial Disturbances
	  	46
		  	15.7	  	 Allocation of Services
	  	46
			
	 Article 16
	  	CURTAILMENT OF SERVICES OR TEMPORARY DISCONTINUATION OF SERVICES	  	46
		  	16.1	  	 Scheduled Curtailment or Temporary Discontinuation of Services
	  	46
		  	16.2	  	 Unscheduled Curtailment or Temporary Discontinuation of Services
	  	46
			
	 Article 17
	  	ASSIGNMENT	  	47
		  	17.1	  	 Restrictions on Assignment
	  	47
		  	17.2	  	 Permitted Assignments
	  	47
		  	17.3	  	 Assignment as Novation
	  	49
			
	 Article 18
	  	TERMINATION	  	50
		  	18.1	  	 Early Termination Events
	  	50
		  	18.2	  	 Other Termination Provisions
	  	50
		  	18.3	  	 Consequences of Termination
	  	51
			
	 Article 19
	  	APPLICABLE LAW	  	51
			
	 Article 20
	  	DISPUTE RESOLUTION	  	51
		  	20.1	  	 Dispute Resolution
	  	51
		  	20.2	  	 Expert Determination
	  	54
			
	 Article 21
	  	CONFIDENTIALITY	  	55
		  	21.1	  	 Confidentiality Obligation
	  	55
		  	21.2	  	 Public Announcements
	  	56
			
	 Article 22
	  	REPRESENTATIONS AND WARRANTIES	  	57
		  	22.1	  	 Representations and Warranties of Customer
	  	57
		  	22.2	  	 Representations and Warranties of SABINE
	  	57
			
	 Article 23
	  	NOTICES	  	58

  

 III 

							
	 Article 24
	  	 COORDINATION
	  	58
		  	24.1	  	 Terminal Operations Coordination Committee
	  	58
		  	24.2	  	 Coordination Prior to Commercial Start Date
	  	59
		  	24.3	  	 Coordination After Commercial Start Date
	  	59
			
	 Article 25
	  	 MISCELLANEOUS
	  	60
		  	25.1	  	 Amendments
	  	60
		  	25.2	  	 Approvals
	  	60
		  	25.3	  	 Successors and Assigns
	  	60
		  	25.4	  	 Waiver
	  	60
		  	25.5	  	 No Third Party Beneficiaries
	  	60
		  	25.6	  	 Rules of Construction
	  	61
		  	25.7	  	 Survival of Rights
	  	61
		  	25.8	  	 Rights and Remedies
	  	61
		  	25.9	  	 Interpretation
	  	61
		  	25.10	  	 Disclaimer of Agency
	  	62
		  	25.11	  	 No Sovereign Immunity
	  	62
		  	25.12	  	 Severance of Invalid Provisions
	  	63
		  	25.13	  	 Compliance with Laws
	  	63
		  	25.14	  	 Conflicts of Interest
	  	63
		  	25.15	  	 Expenses
	  	63
		  	25.16	  	 Scope
	  	64
		  	25.17	  	 Counterpart Execution
	  	64
		  	25.18	  	 Other Customer Rights Generally
	  	64
		  	25.19	  	 Implementation of Other Customer Rights Under Section 25.18
	  	65

  

			
	 Annex I
	  	 Measurements and Tests of LNG at Receipt Point

	 Annex II
	  	 Measurements and Tests for Gas at Delivery Point

		
	 Exhibit A
	  	 Sabine Pass Services Manual

	 Exhibit B
	  	 Form of Port Liability Agreement

  

 IV 

 AMENDED AND RESTATED LNG TERMINAL USE AGREEMENT 
 This AMENDED AND RESTATED LNG TERMINAL USE AGREEMENT (the “Agreement”), dated as of this 9th day of November, 2006, amending and restating that certain
LNG Terminal Use Agreement effective as of March 31, 2006 (the “Effective Date”) is made by and between Cheniere Marketing, Inc. (f/k/a Cheniere LNG Marketing, Inc.), a company incorporated under the laws of Delaware
with an office at 717 Texas Avenue, Suite 3100, Houston, Texas, U.S.A. 77002 (“Customer”); and Sabine Pass LNG, L.P., a Delaware limited partnership with a place of business at 717 Texas Avenue, Suite 3100, Houston, Texas,
U.S.A. 77002 (“SABINE”). 
 RECITALS 
 WHEREAS, SABINE intends to construct, own and operate an LNG terminal facility near the mouth of the Sabine River in Cameron Parish, Louisiana capable of performing certain LNG terminalling services, including:
the berthing of LNG vessels; the unloading, receiving and storing of LNG; the regasification of LNG; and the delivery of natural gas to the Delivery Point; 
 WHEREAS, Customer desires to purchase such LNG terminalling services from SABINE; 
 WHEREAS, SABINE desires to make such LNG terminalling services available to Customer and to Other Customers in accordance with the terms hereof; and 

WHEREAS, the Parties entered into a terminal use agreement dated as of March 31, 2006 (“Original TUA”) and desire to amend and restate
the Original TUA as set forth herein; 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged by the Parties hereto and for the mutual covenants contained herein, SABINE and Customer hereby agree as follows: 
 PART ONE

 PRINCIPAL COMMERCIAL TERMS AND CONDITIONS 
 The Parties hereby incorporate the General Terms and Conditions included as Part Two of this Agreement. 
  

	A.	Term 

  

	 	1.	General. Subject to the provisions of this Agreement, the term of this Agreement (“Term”) shall consist of the Initial Term and, if applicable,
any Extension Term. 

  

	 	2.	Initial Term. The initial term of this Agreement (“Initial Term”) shall commence on the Effective Date and shall continue in full force and effect until the
expiration of twenty (20) years from the Commercial Start Date. 

  

	 	3.	Extension Term. Customer shall have the option of up to four (4) additional ten (10) year extension terms (each an “Extension Term”).
Customer must: (a)

  

 i 

 notify SABINE in writing of its good faith desire to elect the applicable Extension Term at least five
(5) years prior to the expiration of the then current Term; and (b) no later than four (4) years prior to the expiration of the then current Term send SABINE a binding confirmation (“Binding Confirmation”) that the
Term is extended by an Extension Term. Upon Customer’s delivery of a Binding Confirmation to SABINE, this Agreement will then be automatically extended for the applicable Extension Term. The Fee for an Extension Term shall be determined in the
same manner as the Fee for the Initial Term. 
  

	B.	Services 

  

	 	1.	The “Maximum LNG Reception Quantity” shall be the quantity of LNG that Customer shall have the right to deliver to SABINE in any Contract Year which shall be
equal to seven hundred eighty one million eight hundred thirty thousand (781,830,000) MMBTU per Contract Year. The quantity above shall be adjusted pursuant to Section 3.1(b)(i) for leap years and for the first and last Contract Years.

  

	 	2.	The “Maximum Gas Redelivery Rate” shall be equal to two million one hundred thousand (2,100,000) MMBTU per day. 

  

	 	3.	Customer shall at all times have the right to maintain the LNG equivalent of at least six (6) billion Standard Cubic Feet of Customer’s LNG in storage at the Sabine
Pass Facility. 

  

	 	4.	Notwithstanding Clauses B.1, B.2, and B3, the Maximum LNG Reception Quantity, the Maximum Gas Redelivery Rate and the right to storage shall be adjusted downward to the
extent that and for so long as the Sabine Pass Facility is unable to provide Services up to such amounts as a result of the timing of the start dates under the Existing Customer Agreements or delays in the Sabine Pass Expansion Commercial Operations
Completion; provided, however, that any such downward adjustment to the Maximum LNG Reception Quantity shall not be considered in calculating the Reservation Fee and Operating Fee pursuant to Clause C. 

  

	C.	Fee and Retainage 

 The fees to be paid under this
Agreement in accordance with Article 4 shall consist of the following: 
  

	 	1.	A “Reservation Fee” payable per month equal to the product of: 

  

	 	a.	twenty eight cents ($0.28) per MMBTU, and 

  

	 	b.	the quotient of the Maximum LNG Reception Quantity divided by twelve (12). 

  

	 	2.	An “Operating Fee” payable per month equal to the product of: 

  

 ii 

	 	a.	four cents ($0.04) per MMBTU, and 

  

	 	b.	the quotient of the Maximum LNG Reception Quantity divided by twelve (12). 

 The Operating Fee shall be adjusted for inflation on January 1 of each Contract Year based on the increase in the United States Consumer Price Index (All Urban Consumers) from a basis set on January 1 of the
year in which the Commercial Start Date occurs. 
 Notwithstanding the above, the aggregate monthly Reservation Fee and Operating Fee from the
Commercial Start Date until December 31, 2008 shall be deemed to be a total of five million dollars ($5,000,000) per month. 
  

	 	3.	“Retainage” equal to two percent (2%) of the LNG delivered at the Receipt Point for Customer’s account. Included in such Retainage is fuel,
including fuel for self-generated power and Gas unavoidably lost. 

  

	D.	Notices 

 Pursuant to Article 23, the Parties have
designated the following addresses for purposes of notices: 
  

							
	 Sabine Pass LNG, L.P.
 717 Texas Avenue,
Suite 3100
 Houston, Texas 77002
 Attention: President

Fax: (713) 659-5459
 Telephone: (713) 659-1361
	  	 Cheniere Marketing, Inc.
 717 Texas
Avenue, Suite 3100
 Houston, Texas 77002
 Attention:
President
 Fax: (713) 659-5459
 Telephone: (713)
659-1361
	  		  	

  

	E.	Other Customers 

 Customer and SABINE acknowledge
that TOTAL LNG USA, Inc. (“Total”) and Chevron U.S.A., Inc. (“Chevron”) are Other Customers of the Sabine Pass Facility. Customer and SABINE agree that Customer’s rights under this Agreement: (1) are
subject to Total’s rights under that certain Terminal Use Agreement dated September 2, 2004, as amended, between Total and SABINE (“Total TUA”); and (2) are subject to Chevron’s rights under that certain Terminal
Use Agreement dated November 8, 2004, as amended, between Chevron and SABINE (“Chevron TUA”). No provision of this Agreement shall be effective if and to the extent that it conflicts with a provision of an Existing Customer
Agreement. 
 This Agreement is subject the obligations of Cheniere LNG, Inc. (“Cheniere LNG”) under that certain Option Agreement
(the “Option Agreement”) dated December 23, 2003 between Cheniere LNG and J&S Cheniere, S.A. (“J&S Cheniere”), but only as it applies to the Sabine Pass Facility. If J&S Cheniere and SABINE enter into a terminal
use agreement pursuant to the Option Agreement, Customer agrees to relinquish sufficient 
  

 iii 

 capacity, up to 200 mmcf/d, under this Agreement to allow SABINE to satisfy its obligations under any
such terminal use agreement entered into with J&S Cheniere. 
  

	F.	Customer Cooperation Regarding SABINE Financing 

 Customer acknowledges that SABINE may obtain financing for the cost of construction of the Sabine Pass Facility and may refinance those loans (together the “Financing”). In addition to Customer’s obligations under
Section 17.2(c), Customer shall cooperate in a timely manner with SABINE in SABINE’s efforts to obtain and maintain the Financing throughout the Term of the Agreement, including by: (a) supplying the Lenders information concerning
Customer (that is in Customer’s possession and is not of a proprietary nature) reasonably requested by the Lenders; (b) executing such additional documentation as is reasonably requested by Lenders; and (c) taking such other actions
as Lenders may reasonably request in relation to the Financing. 
  

	G.	Amendment and Restatement 

 As of the Effective
Date, the Original TUA shall be amended and restated in its entirety by this Agreement and shall be of no further force and effect. 
 IN WITNESS WHEREOF,
each of the Parties has caused this Agreement to be duly executed and signed by its duly authorized officer as of the Effective Date. 
  

			
	Sabine Pass LNG, L.P.
		
	By:	 	Sabine Pass LNG-GP, Inc., its General Partner
		
	By:	 	 /s/ Graham A. McArthur

		
	Name:	 	Graham A. McArthur
	Title:	 	Treasurer
	
	Cheniere Marketing, Inc.
		
	By:	 	 /s/ Don. A. Turkleson

		
	Name:	 	Don A. Turkleson
	Title:	 	Chief Financial Officer

  

 iv 

 PART TWO 
 GENERAL TERMS AND CONDITIONS 
 ARTICLE 1 
 DEFINITIONS 
 In addition to any terms or expressions defined elsewhere in this Agreement, the
terms or expressions set forth below shall have the following meanings in this Agreement: 
  

	1.1	“Adverse Weather Conditions” means weather and sea conditions actually experienced at or near the Sabine Pass Facility that are sufficiently severe either:
(a) to prevent an LNG Vessel from proceeding to berth, or unloading or departing from berth, in accordance with one or more of the following: (i) regulations published by a Governmental Authority; (ii) an Approval; or (iii) an
order of a Pilot; or (b) to cause an actual determination by the master of an LNG Vessel that it is unsafe for such vessel to berth, unload or depart from berth. 

  

	1.2	“Affiliate” means a Person (other than a Party) that directly or indirectly controls, is controlled by, or is under common control with, a Party to this
Agreement, and for such purposes the terms “control”, “controlled by” and other derivatives shall mean the direct or indirect ownership of fifty percent (50%) or more of the voting rights in a Person.

  

	1.3	“Aggregate Contracted Capacity” means, for each Contract Year, the sum of Customer’s Maximum LNG Reception Quantity and the maximum LNG reception
quantity of the Other Customers in such Contract Year. 

  

	1.4	“Agreement” means this agreement (including Part One and Part Two hereof), together with the Annexes and Exhibits attached hereto, which are hereby
incorporated into and made a part hereof, as the same may be hereafter amended. 

  

	1.5	“Annual Delivery Program” shall have the meaning set forth in Section 5.1(f). 

  

	1.6	“Approvals” means all consents, authorizations, licenses, waivers, permits, approvals and other similar documents from or by a Governmental Authority.

  

	1.7	“Available Unloading Date” means at any time an Unloading Date at one (1) of the two (2) berths that is not a Scheduled Unloading Date for Customer
or one of the Other Customers at that berth. 

  

	1.8	“Base Rate” means: (a) the interest rate per annum equal to: (i) the prime rate (sometimes referred to as the base rate) for corporate loans as
published by The Wall Street Journal in the money rates section on the applicable date; or (ii) in the event The Wall Street Journal ceases or fails to publish such a rate, the prime rate (or an equivalent thereof) in the United States for
corporate loans determined as the average of the rates referred to as prime rate, base rate, or the equivalent thereof quoted by J.P. Morgan Chase & Co., or any successor thereof, for short term corporate loans in New York on the applicable
date; plus (b) two percent (2%). The Base Rate shall change as and when the underlying components thereof change, without notice to any Person. 

  

 1 

	1.9	“British Thermal Unit” or “BTU” means the amount of heat required to raise the temperature of one (1) avoirdupois pound of pure water
from 59.0 degrees Fahrenheit to 60.0 degrees Fahrenheit at an absolute pressure of 14.696 pounds per square inch. 

  

	1.10	“Business Day” means any day that is not a Saturday, Sunday or legal holiday in the State of Texas, or a day on which banking institutions chartered by the
State of Texas, or the United States of America, are legally required or authorized to close. 

  

	1.11	“Cargo” means a quantity of LNG expressed in MMBTU carried by an LNG Vessel in relation to which SABINE will render Services to Customer hereunder.

  

	1.12	“Central Time” means U.S. Central Time Zone, as adjusted for Daylight Saving Time and Standard Time. 

  

	1.13	“Claims” shall have the meaning set forth in Section 9.2(a) of this Agreement. 

  

	1.14	“Commercial Operations Completion” means completion of the Sabine Pass Phase 1 Facility so that the Sabine Pass Facility is ready to be used for its intended
purpose to provide the Services hereunder, with the contractor under the engineering, procurement and construction contract for the facilities described in Section 7.1(b) having achieved all minimum acceptance requirements under such contract
sufficient to provide the Services under this Agreement. 

  

	1.15	“Commercial Start Date” shall have the meaning set forth in Article 6. 

  

	1.16	“Contract Year” means each annual period starting on January 1 and ending on December 31 during the Term of this Agreement; provided, however,
that: (a) the first Contract Year shall commence on the Commercial Start Date and end on the following December 31; and (b) the last Contract Year shall commence on January 1 immediately preceding the last day of the Term and end
on the last day of the Term as set forth in Clause A. 

  

	1.17	“Cubic Meter” means a volume equal to the volume of a cube each edge of which is one (1) meter. 

  

	1.18	“Customer” means the Party identified as the Customer in the preamble to this Agreement, unless and until substituted in whole by an assignee by novation in
accordance with Section 17.3, whereupon such assignee shall become Customer to the extent of such assignment. 

  

	1.19	“Customer’s Inventory” means, at any given time, the quantity in MMBTU that represents LNG and Gas owed by SABINE for Customer’s account.
Customer’s Inventory shall be determined after deduction of Retainage in accordance with Clause C. 

  

	1.20	“Customer’s LNG” means, for the purposes of the Services, LNG received at the Receipt Point for Customer’s account. 

  

	1.21	“Delivery Point” means the point of interconnect between the tailgate of the Sabine Pass 

  

 2 

	  	Facility and a Downstream Pipeline. 

  

	1.22	“Dispute” means any dispute, controversy or claim (of any and every kind or type, whether based on contract, tort, statute, regulation, or otherwise) arising
out of, relating to, or connected with this Agreement, including any dispute as to the construction, validity, interpretation, termination, enforceability or breach of this Agreement, as well as any dispute over arbitrability or jurisdiction.

  

	1.23	“Downstream Pipeline” means all Gas pipelines with a connection at the Delivery Point which transport Gas from the Sabine Pass Facility.

  

	1.24	“Effective Date” means the date set forth in the preamble of this Agreement. 

  

	1.25	“Existing Customer Agreements” means the Total TUA and the Chevron TUA. 

  

	1.26	“Expected Receipt Quantity” means, with respect to a given Cargo, Customer’s reasonable estimate of the quantity of LNG (in MMBTU) expected to be
unloaded at the Receipt Point, as set forth in the notice delivered pursuant to Sections 5.1(b)(ii) and 5.2(a), as such notice may be subsequently amended pursuant to Section 8.4(a). 

  

	1.27	“Extension Term” shall have the meaning set forth in Clause A.3. 

  

	1.28	“Fee” shall have the meaning set forth in Section 4.1. 

  

	1.29	“Financing” shall have the meaning set forth in Clause F. 

  

	1.30	“Force Majeure” shall have the meaning set forth in Section 15.1. 

  

	1.31	“for Customer”, “for Customer’s account”, “on behalf of Customer” or other phrases containing similar wording shall
include LNG delivered to the Sabine Pass Facility at Customer’s direction as well as Customer’s Inventory derived therefrom. 

  

	1.32	“Gas” means any hydrocarbon or mixture of hydrocarbons consisting predominantly of methane which is in a gaseous state. 

  

	1.33	“Governmental Authority” means, in respect of any country, any national, regional, state, or local government, any subdivision, agency, commission or
authority thereof (including any maritime authorities, port authority or any quasi-governmental agency) having jurisdiction over a Party, the Sabine Pass Facility, Customer’s Inventory, an LNG Vessel, a Transporter, or a Downstream Pipeline, as
the case may be, and acting within its legal authority. 

  

	1.34	“GPA” shall have the meaning set forth in Annex I. 

  

	1.35	“Gross Heating Value” means the quantity of heat expressed in BTUs produced by the complete combustion in air of one (1) cubic foot of anhydrous gas, at
a temperature of 60.0 degrees Fahrenheit and at an absolute pressure of 14.696 pounds per square inch, with the air at the same temperature and pressure as the gas, after cooling the products of 

  

 3 

	  	the combustion to the initial temperature of the gas and air, and after condensation of the water formed by combustion. 

  

	1.36	“Henry Hub Price” shall mean, with respect to any month, the final settlement price in dollars per MMBTU as published by the New York Mercantile Exchange for
the Henry Hub Natural Gas futures contract for Gas to be delivered during such month, such final price to be based upon the last trading day for the contract for such month; provided, however, that if the Henry Hub Natural Gas futures contract
ceases to be traded, the Parties shall select a comparable index to be used in its place that maintains the intent and economic effect of the original index. 

  

	1.37	“Initial Term” shall have the meaning set forth in Clause A.2. 

  

	1.38	“International LNG Terminal Standards” means, 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 receiving and regasification terminals, established by the following (such standards to apply in the following order of priority): (a) a Governmental
Authority having jurisdiction over SABINE; (b) the Society of International Gas Tanker and Terminal Operators (“SIGTTO”) to the extent adopted by SABINE; and (c) any other internationally recognized non-governmental agency
or organization with whose standards and practices it is customary for Reasonable and Prudent Operators of LNG receiving and regasification terminals to comply. 

  

	1.39	“International LNG Vessel Standards” means, to the extent not inconsistent with the expressed requirements of this Agreement, the international standards and
practices applicable to the ownership, design, equipment, operation or maintenance of LNG vessels established by the following (such standards to apply in the following order of priority): (a) a Governmental Authority; (b) the
International Maritime Organization; (c) SIGTTO; and (d) any other internationally recognized non-governmental agency or organization with whose standards and practices it is customary for Reasonable and Prudent Operators of LNG vessels to
comply. 

  

	1.40	“Lender” means any entity providing temporary or permanent debt financing to SABINE in connection with construction or refinancing of the Sabine Pass
Facility. 

  

	1.41	“Liabilities” means all liabilities, costs, claims, disputes, demands, arbitrations, suits, legal or administrative proceedings, judgments, damages, losses
and expenses (including reasonable attorneys’ fees and other reasonable costs of arbitration, litigation or defense), and any and all fines, penalties and assessments of, or responsibilities to, Governmental Authorities.

  

	1.42	“Liquids” means liquid hydrocarbons capable of being extracted from LNG at the Sabine Pass Facility, consisting predominately of ethane, propane, butane and
longer-chain hydrocarbons. 

  

	1.43	“LNG” means Gas in a liquid state at or below its boiling point at a pressure of approximately one (1) atmosphere. 

  

 4 

	1.44	“LNG Suppliers” means, in relation to performance of the obligations of SABINE and Customer under this Agreement, those Persons who agree in writing pursuant
to an LNG purchase and sale agreement to supply or sell LNG to Customer for delivery to the Sabine Pass Facility. 

  

	1.45	“LNG Vessel” means an ocean-going vessel suitable for transporting LNG that Customer or an LNG Supplier uses for transportation of LNG to the Sabine Pass
Facility. 

  

	1.46	“Loading Port” means the port at which a Cargo is loaded on board an LNG Vessel. 

  

	1.47	“Maximum Gas Redelivery Rate” shall have the meaning set forth in Clause B. 

  

	1.48	“Maximum LNG Reception Quantity” shall have the meaning set forth in Clause B.1. 

  

	1.49	“MMBTU” means 1,000,000 BTUs. 

  

	1.50	“Minimum Gas Redelivery Rate” shall have the meaning set forth in Section 5.3(d). 

  

	1.51	“New Regulatory Costs” shall have the meaning set forth in Section 4.2(a)(ii). 

  

	1.52	“Notice of Readiness” or “NOR” shall have the meaning set forth in Section 8.4(e). 

  

	1.53	“Operating Fee” shall have the meaning set forth in Section 4.2(a)(ii). 

  

	1.54	“Original TUA” shall have the meaning set forth in the fourth recital to this Agreement. 

  

	1.55	“Other Customers” means, from time to time, Persons (other than Customer) purchasing LNG terminalling services from SABINE similar to the Services,
regardless of the short-term or long-term duration of such terminal use agreement. 

  

	1.56	“Party” and “Parties” means SABINE and Customer, and their respective successors and assigns. 

  

	1.57	“Person” means any individual, sole proprietorship, corporation, trust, company, voluntary association, partnership, joint venture, limited liability
company, unincorporated organization, institution, Governmental Authority or any other legal entity. 

  

	1.58	“Pilot” means any Person engaged by Transporter to come on board an LNG Vessel to assist the master in pilotage, mooring and unmooring of such LNG Vessel.

  

	1.59	“Pilot Boarding Station” shall have the meaning set forth in Section 8.4(e). 

  

	1.60	“Port Charges” means all charges of whatsoever nature (including rates, tolls, dues of every description, and payments in lieu of taxes) in respect of an LNG
Vessel entering or leaving the Sabine Pass Facility, including charges imposed by fire boats, tugs and other escort vessels, the U.S. Coast Guard, a Pilot, and any other Person assisting an LNG Vessel to enter or leave the Sabine Pass Facility. Port
Charges shall include port use fees, throughput fees and similar fees payable by users of the Sabine Pass Facility (or by 

  

 5 

	  	SABINE on behalf of such users) to the local authorities. 

  

	1.61	“Proposed Unloading Date” means, for any applicable Contract Year, an unloading date proposed by Customer pursuant to Section 5.1.

  

	1.62	“psig” means pounds per square inch gauge. 

  

	1.63	“Reasonable and Prudent Operator” means a Person seeking in good faith to perform its contractual obligations, and in so doing, and in the general conduct of
its undertaking, exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar
circumstances and conditions. 

  

	1.64	“Receipt Point” means the point at the Sabine Pass Facility at which the flange coupling of the Sabine Pass Facility’s receiving line joins the flange
coupling of the LNG unloading manifold on board an LNG Vessel. 

  

	1.65	“Regasified LNG” means Gas derived from the conversion of LNG (received by SABINE at the Receipt Point) from its liquid state to a gaseous state.

  

	1.66	“Reservation Fee” shall have the meaning set forth in Clause C.1. 

  

	1.67	“Retainage” shall have the meaning set forth in Clause C.3. 

  

	1.68	“SABINE” means Sabine Pass LNG, L.P. and its successors and assigns. 

  

	1.69	“Sabine Pass Expansion Commercial Operations Completion” means completion of the Sabine Pass Expansion Facilities so that the Sabine Pass Facility is ready to be
used for its intended purpose to provide the Services hereunder, with the contractor under the engineering, procurement and construction contract for the facilities described in Section 7.1(c) having achieved all minimum acceptance requirements
under such contract sufficient to provide the Services under this Agreement. 

  

	1.70	“Sabine Pass Expansion Facilities” means the LNG receiving terminal facilities described in Section 7.1(c). 

  

	1.71	“Sabine Pass Facility” means the Sabine Pass Phase 1 Facilities and the Sabine Pass Expansion Facilities (including the port, berthing and unloading
facilities, LNG storage facilities, and regasification facilities, together with equipment and facilities related thereto) necessary to provide Services hereunder, as such facilities will be constructed and modified from time to time in accordance
with this Agreement. 

  

	1.72	“Sabine Pass Marine Operations Manual” shall have the meaning set forth in Section 8.2. 

  

	1.73	“Sabine Pass Phase 1 Facilities” means the LNG receiving terminal facilities described in Section 7.1(b). 

  

 6 

	1.74	“Sabine Pass Services Manual” shall have the meaning set forth in Section 3.5. 

  

	1.75	“Sabine Pass Website” means the internet based computer system used by SABINE to communicate with Customer and Other Customers regarding LNG terminalling
services at the Sabine Pass Facility. 

  

	1.76	“SABINE Taxes” shall have the meaning set forth in Section 4.2(a)(i). 

  

	1.77	“Scheduled Unloading Date” means, for any applicable Contract Year, an Unloading Date that is allocated either to Customer or any Other Customer pursuant to
Section 5.1 or 5.2. 

  

	1.78	“Scheduling Representative” means the individual appointed by Customer in accordance with Section 5.5. 

  

	1.79	“Services” shall have the meaning set forth in Sections 2.1 and 3.1(b). 

  

	1.80	“Services Unavailability” shall have the meaning set forth in Section 4.3. 

  

	1.81	“Standard Cubic Foot” means the quantity of Gas, free of water vapor, occupying a volume equal to the volume of a cube whose edge is one (1) foot at a
temperature of 60.0 degrees Fahrenheit and at an absolute pressure of 14.696 pounds per square inch. 

  

	1.82	“Taxes” means all customs, taxes, royalties, excises, fees, duties, levies, sales and use taxes and value added taxes, charges and all other assessments,
including payments in lieu of taxes, which may now or hereafter be enacted, levied or imposed, directly or indirectly, by a Governmental Authority, except Port Charges and taxes based on income, revenues, gross receipts or net worth and all state
franchise, license and similar taxes required for the maintenance of corporate existence that are assessed against a Party. 

  

	1.83	“Term” shall have the meaning set forth in Clause A.1. 

  

	1.84	“Transporter” means any Person who owns or operates an LNG Vessel. 

  

	1.85	“Unloading Date” means a twenty-four (24) hour window starting at 6:00 a.m., Central Time on a specified day and ending twenty-four
(24) consecutive hours thereafter. 

  

	1.86	“Vacated LNG” shall have the meaning set forth in Section 9.1(c). 

	

  

 7 

 ARTICLE 2 
 SERVICES AND SCOPE 
  

	2.1	Services to be Provided by SABINE 

 During the Term
and subject to the provisions of this Agreement, SABINE shall make available the following services to Customer (such available services being herein referred to as the “Services”) in the manner set forth herein: 
  

	 	(a)	reasonable access to a berth for LNG Vessels at the Sabine Pass Facility; 

  

	 	(b)	the unloading and receipt of LNG from LNG Vessels at the Receipt Point; 

  

	 	(c)	the storage of Customer’s Inventory; 

  

	 	(d)	the regasifying of LNG; 

  

	 	(e)	the transportation and delivery of such Regasified LNG to the Delivery Point (it being acknowledged that SABINE may, at its option, cause Gas to be redelivered to Customer at the
Delivery Point from sources other than Regasified LNG); and 

  

	 	(f)	other activities directly related to performance by SABINE of the foregoing, including metering, custody transfer and reporting. 

  

	2.2	Additional Services 

 From time to time during the
Term, the representatives of SABINE and Customer may supplement this Agreement in accordance with Section 25.1 to provide that SABINE will also make available services to Customer in addition to the Services set forth in Section 2.1.

  

	2.3	Activities Outside Scope of this Agreement 

 The
Parties confirm that except to the extent specifically set forth herein, the following activities, inter alia, are not Services provided by SABINE to Customer and, therefore, such activities are outside of the scope of this Agreement:

  

	 	(a)	harbor, mooring and escort services, including those relating to tugs, service boats, line boats, fire boats, and other escort vessels; 

  

	 	(b)	the construction, operation, ownership, maintenance, repair and removal of facilities downstream of the Delivery Point; 

  

	 	(c)	the transportation of Gas beyond the Delivery Point; 

  

	 	(d)	the marketing of Gas and all activities related thereto (except as expressly provided in Section 3.4); and 

  

 8 

	 	(e)	the removal, marketing and transportation of Liquids and all activities related thereto. SABINE reserves the right to separate and/or extract Liquids from LNG upstream of the
Delivery Point, provided that such separation does not result in Gas failing to meet the quality specifications at the Delivery Point required under Section 10.3 and provided, further, that SABINE delivers at the Delivery Point a quantity of
Gas that is the thermal equivalent of the quantity of Gas nominated for delivery by Customer pursuant to Section 5.3(b). If Customer desires to have SABINE cause the Sabine Pass Facility to obtain the facilities necessary to reduce the Gross
Heating Value of LNG and/or Gas (such capability being referred to as “BTU Control”), then Customer shall notify SABINE of such desire in writing, and the Parties shall discuss such matter in accordance with the following procedure:

  

	 	(i)	SABINE will investigate: (a) the construction of facilities to extract Liquids and/or inject nitrogen which are either an integral part of the Sabine Pass Facility or a
separate project from the Sabine Pass Facility; and (b) the processing of Gas to extract Liquids and/or inject nitrogen in existing facilities in the area; and 

  

	 	(ii)	if SABINE elects to construct facilities or make other processing arrangements to achieve BTU Control, the Parties shall discuss a commercially reasonable arrangement to compensate
SABINE for such facilities or processing. 

 ARTICLE 3 
 SALE AND PURCHASE OF SERVICES 
  

	3.1	Services 

  

	 	(a)	Purchase and Sale of Services. During each Contract Year, SABINE shall make available to Customer, and Customer shall purchase and pay for in an amount equal to the Fee, the
Services as described in Section 3.1(b). 

  

	 	(b)	Services. The Services SABINE shall make available to Customer during each Contract Year, and which Customer shall purchase and pay for pursuant to Section 4.1, shall
consist of the following: 

  

	 	(i)	Unloading of LNG. SABINE shall make the Sabine Pass Facility available during a sufficient number of Unloading Dates during each Contract Year to permit the berthing,
unloading and receipt as ratably as practical throughout such Contract Year of a quantity of Customer’s LNG equal to the Maximum LNG Reception Quantity; provided, however, that for purposes of the first and last Contract Years and any Contract
Year that is a leap year, the Maximum LNG Reception Quantity shall be prorated based upon the ratio that the number of days during such Contract Year bears to three hundred sixty-five (365); 

  

 9 

	 	(ii)	Storage of Customer’s Inventory. Customer’s LNG shall be stored by SABINE and then redelivered to Customer in accordance with Section 3.1(b)(iii) below; and

  

	 	(iii)	Redelivery of Gas. Each day during the Contract Year, SABINE shall make Gas from Customer’s Inventory available to Customer at the Delivery Point in the quantities
nominated by Customer pursuant to this Agreement. 

  

	3.2	Customer’s Use of Services 

  

	 	(a)	Use Generally. Customer shall be entitled to use the Services in whole or in part by itself, or Customer may assign its rights and obligations as provided in Article 17.

  

	 	(b)	Expiration of Services. Notwithstanding any other term or condition of this Agreement, Customer’s failure or inability: (i) in any Contract Year to deliver
Customer’s Maximum LNG Reception Quantity to SABINE; or (ii) on any day to take Gas for redelivery at the Delivery Point at the rate nominated in accordance with Section 5.3(a), including any portion of the Services not used in
connection with a Partial Assignment, shall not serve to increase or decrease the Services to which Customer is entitled under Section 3.1(b) in any subsequent time period. 

  

	3.3	No Pre-Delivery Right 

 On any given day during a
Contract Year, Customer shall not be entitled to receive quantities of Gas in excess of Customer’s Inventory. 
  

	3.4	Failure to Take Delivery of Gas at Delivery Point 

 If on any day Customer fails to: (a) nominate the quantity of Gas required by Section 5.3(b) to be redelivered for its account at the Delivery Point on the following day; or (b) fails materially to take redelivery at the
Delivery Point of Gas at the rate nominated in accordance with Section 5.3(b) for its account on such day, and such failure is for reasons other than an event of Force Majeure or the inability of a Downstream Pipeline to take delivery of
Customer’s Gas, such inability being not reasonably within the control of Customer, then SABINE may, at its sole discretion, take title to the quantity of Gas not nominated or taken on such day, free and clear of any Claims, and sell or
otherwise dispose of such Gas using good faith efforts to obtain commercially reasonable prices and to minimize costs. Customer shall indemnify, defend and hold harmless SABINE, its Affiliates, and their respective directors, officers, members and
employees, for the actual and reasonable costs incurred by SABINE as a result of such sale or other disposition of same by SABINE. SABINE shall credit to Customer’s account the net proceeds from the sale or other disposition of Gas from
Customer’s Inventory to which it takes title hereunder, minus actual transportation costs, any other third party charges and an administrative fee of five U.S. cents ($0.05) per MMBTU; provided, however, that if the amount of the credit exceeds
the amount due to SABINE under the next monthly statement, then SABINE agrees to pay any such excess amount to Customer within five 
  

 10 

 (5) Business Days after delivery of such monthly statement. In the event SABINE is required to dispose of
Customer’s Gas more than three (3) times in any Contract Year, the administrative fee shall be increased to ten U.S. cents ($0.10) per MMBTU for each occasion thereafter in such Contract Year. 
  

	3.5	Sabine Pass Services Manual 

 Acting as a Reasonable
and Prudent Operator, SABINE shall develop and maintain a single services manual (the “Sabine Pass Services Manual”), applicable to Customer and all Other Customers, which shall take into consideration International LNG Terminal
Standards, and which shall contain detailed implementation procedures consistent with the terms and provisions of this Agreement necessary for performance of this Agreement with regard to the matters set forth in Exhibit A attached hereto (but
excluding the matters governed by the Sabine Pass Marine Operations Manual). SABINE shall deliver to Customer and all Other Customers a copy of the Sabine Pass Services Manual and any amendments thereto promptly after they have been finalized or
amended, as the case may be. Customer shall comply and cause its Scheduling Representative to comply with such Sabine Pass Services Manual in all respects. SABINE will undertake to develop a Services Manual that is consistent with this Agreement;
however, in the event of a conflict between the terms of this Agreement and the Sabine Pass Services Manual, the terms of this Agreement shall control. 
 ARTICLE 4 
 COMPENSATION FOR SERVICES 
  

	4.1	Fee 

 Commencing with the Commercial Start Date,
each month Customer shall, as full compensation for the performance by SABINE of its obligations under this Agreement, bear the Retainage and in addition pay to SABINE the sum of the following three (3) components (such sum collectively
referred to as the “Fee”). 
  

	 	(a)	the Reservation Fee paid monthly in advance (prorated for any partial month); 

  

	 	(b)	the Operating Fee paid monthly in advance (prorated for any partial month); and 

  

	 	(c)	any additional charges to be paid by Customer under Section 4.2 herein. 

  

	4.2	Taxes and New Regulatory Costs 

  

	 	(a)	If any Governmental Authority: 

  

	 	(i)	imposes any Taxes on SABINE (excluding any Taxes on the capital revenue or income derived by SABINE) with respect to the Services, or on the Sabine Pass Facility (“SABINE
Taxes”); or 

  

	 	(ii)	subsequent to November 8, 2004, has enacted or does enact any safety or security related regulations which increases the costs of SABINE in 

  

 11 

	 	  	relation to the Services or the Sabine Pass Facility (“New Regulatory Costs”); 

 then, Customer shall bear such SABINE Taxes and New Regulatory Costs proportionately with Other Customers with Customer’s share being determined for
the given Contract Year based on the following ratio: 
  

	 	(x)	Maximum LNG Reception Quantity; divided by  

  

	 	(y)	Aggregate Contracted Capacity. 

 For the purposes hereof,
SABINE Taxes shall not be reduced due to any inability to obtain, or the loss or expiration of, any abatement of SABINE Taxes; shall include any early payment of SABINE Taxes; and shall exclude any Taxes paid by Customer pursuant to
Section 4.2(b). 
  

	 	(b)	If any Governmental Authority imposes a sales or use tax on Customer’s Retainage or any Tax or fee on the Services provided by SABINE to Customer, such tax shall be paid by
Customer or reimbursed to SABINE by Customer if assessed on and paid by SABINE. 

  

	4.3	Services Unavailability 

 If some or all of the
Services are unavailable to Customer on any day (or portion of a day) during the Term as a result of: (a) Force Majeure; or (b) an unscheduled curtailment or temporary discontinuation of Services pursuant to Section 16.2 (collectively
a “Services Unavailability”), the Parties agree that the Fee shall not be adjusted. SABINE shall use its reasonable efforts to restore Customer’s Services and allow Customer the ability to make-up any Services that have been
lost as a result of the interruption of Services to the Sabine Pass Facility for no additional compensation. 
  

	4.4	Services Provided to Other Customers 

 Customer
acknowledges that: (i) the compensation paid by Customer from time to time for Services may be less than, or more than, the price paid by Other Customers for the same or similar LNG terminalling services; and (ii) SABINE makes no
representations or warranties to Customer in this regard. 
 ARTICLE 5 
 SCHEDULING 
  

	5.1	Annual Delivery Program 

 Procedures for the receipt
of LNG at the Receipt Point and redelivery of Gas at the Delivery Point will be detailed in the Sabine Pass Services Manual, as modified from time to time, but generally in accordance with the following: 
  

 12 

	 	(a)	SABINE Deliverables. Not later than one hundred and twenty (120) days prior to the beginning of each Contract Year, SABINE shall provide to the Scheduling Representative
a non-binding written assessment of the dates of any planned maintenance to or modifications of the Sabine Pass Facility for such Contract Year and the expected impact of such activities on the availability of Services. SABINE shall use reasonable
endeavors to limit the number of days of any planned maintenance to or modifications of the Sabine Pass Facility. 

  

	 	(b)	Notice from Scheduling Representative. Not later than one hundred and five (105) days prior to the beginning of each Contract Year, the Scheduling Representative shall
provide SABINE with the following: 

  

	 	(i)	a programming schedule for the unloading of up to the Maximum LNG Reception Quantity over the course of the next Contract Year, which schedule shall specify, for each Cargo to be
delivered to the Receipt Point, the proposed arrival date (the “Proposed Unloading Date”) of the applicable LNG Vessel and which schedule must result in a delivery pattern whereby: (a) deliveries in any given month do not
materially exceed one twelfth (1/12) of the Maximum LNG Reception Quantity; (b) deliveries in any given month are generally ratable over the month; (c) deliveries take into consideration the planned maintenance and modification dates
furnished to Customer by SABINE as set forth in Section 5.1(a); and (d) deliveries shall not be scheduled so as to utilize both unloading berths simultaneously; and 

  

	 	(ii)	for each Proposed Unloading Date proposed pursuant to Section 5.1(b)(i), the name of the LNG Vessel expected to deliver LNG to the Sabine Pass Facility (if the identity of the
LNG Vessel is known to Customer at such time), the Expected Receipt Quantity, and the anticipated Gross Heating Value of the LNG to be delivered. 

  

	 	(c)	Notices from Other Customers. Customer acknowledges that Other Customers will submit similar notices to SABINE regarding the matters provided for in Section 5.1(b).

  

	 	(d)	Customer Preliminary Receipt Schedule. SABINE shall take into consideration the notices that it receives from the Scheduling Representative and the Other Customers and, not
later than ninety (90) days prior to the beginning of each Contract Year, SABINE shall issue to Customer via the Sabine Pass Website (or via an alternative electronic means of transmitting written communications if the Sabine Pass Website is
unavailable) a preliminary receipt schedule for such Contract Year (the “Customer Preliminary Receipt Schedule”) showing a “Scheduled Unloading Date” for the LNG Vessel carrying each of Customer’s scheduled
Cargos, which schedule must result in a delivery pattern in which: (i) deliveries in any given month do not materially exceed one twelfth (1/12) of the Maximum LNG Reception Quantity; (ii) deliveries in any given month are generally
ratable over the month; (iii) SABINE’s planned maintenance and 

  

 13 

 modification dates are reflected; and (iv) deliveries are not scheduled so as to utilize both
unloading berths simultaneously. Customer may propose to SABINE to change any such Scheduled Unloading Date, and SABINE agrees to give due consideration to, and use reasonable efforts to accommodate, such change. 
  

	 	(e)	Other Customers’ Preliminary Receipt Schedules and Mutual Cooperation. Customer acknowledges that SABINE will issue to each Other Customer via the Sabine Pass
Website (or alternative electronic means) a preliminary receipt schedule similar to the Customer Preliminary Receipt Schedule described in Section 5.1(d), but customized for each such Other Customer (“Other Customers’ Preliminary
Receipt Schedules”). Customer also acknowledges that conflicts will occur in the preparation of the Customer Preliminary Receipt Schedule and Other Customers’ Preliminary Receipt Schedules because of the joint use of the Sabine Pass
Facility among Customer and Other Customers. Accordingly, Customer agrees to cooperate with SABINE to assist SABINE in resolving any such conflict to the extent such cooperation does not result in material additional costs to Customer or unduly
adversely impact the Services provided to Customer hereunder. 

  

	 	(f)	Consultation; Annual Delivery Program. If the Scheduling Representative desires to consult with SABINE regarding the contents of the Customer Preliminary Receipt Schedule,
the Scheduling Representative shall, no later than fifteen (15) days from the issuance of the Customer Preliminary Receipt Schedule, request to meet with SABINE by providing notice thereof (the “Consultation Notice”) to SABINE,
and SABINE shall, no later than fifteen (15) days after receipt of the Consultation Notice, meet with the Scheduling Representative to discuss the Customer Preliminary Receipt Schedule. If: (i) the Scheduling Representative does not submit
a Consultation Notice to SABINE on a timely basis; or (ii) the Scheduling Representative and SABINE meet pursuant to a Consultation Notice and are able during such meeting to agree upon revisions to the Customer Preliminary Receipt Schedule,
then such Customer Preliminary Receipt Schedule, as so revised (and as updated from time to time for such Contract Year in accordance with the provisions of this Agreement by SABINE via the Sabine Pass Website), together with the planned maintenance
and modification dates selected by SABINE, shall constitute the “Annual Delivery Program”. If the Scheduling Representative and SABINE meet pursuant to a Consultation Notice and are unable during such meeting to agree upon revisions
to the Customer Preliminary Receipt Schedule, then SABINE shall determine, while using its reasonable efforts to accommodate Customer’s views, the Annual Delivery Program. Such Annual Delivery Program shall, to the extent practicable, result in
a delivery pattern in which: (i) deliveries in any given month do not materially exceed one twelfth (1/12) of the Maximum LNG Reception Quantity; (ii) deliveries in any given month are generally ratable over the month;
(iii) SABINE’s planned maintenance and modification dates are reflected; and (iv) deliveries are not scheduled so as to utilize both unloading berths simultaneously. SABINE shall issue via the Sabine Pass Website (or via an
alternative electronic means of transmitting written communications if the Sabine Pass Website is unavailable) 

  

 14 

 the Annual Delivery Program no later than sixty (60) days prior to the first day of the Contract
Year. 
  

	 	(g)	Other Customers’ Annual Delivery Programs. Customer acknowledges that SABINE shall issue to each Other Customer a final receipt schedule similar to the Annual Delivery
Program described in Section 5.1(f) but customized for each such Other Customer (such schedules referred to as “Other Customers’ Annual Delivery Programs”). 

  

	 	(h)	Adjustment to Schedules. Upon written request by Customer, SABINE shall use reasonable efforts to modify the time periods expressly set forth in Sections 5.1(b) and 5.1(d) to
allow Customer to interface these periods with corresponding time periods for scheduling agreed upon by Customer and its LNG Suppliers. For purposes of this Section 5.1, SABINE shall be deemed to have used reasonable efforts if SABINE rejects
Customer’s request because it determines, acting as a Reasonable and Prudent Operator, that any such modification would infringe on the contractual rights of Other Customers. 

  

	 	(i)	Available Unloading Dates. Throughout the Contract Year, SABINE shall maintain on the Sabine Pass Website (or via an alternative electronic means of transmitting written
communications if the Sabine Pass Website is unavailable) a current list of Available Unloading Dates. 

  

	 	(j)	Equal Customer Treatment. SABINE has entered into an agreement with an Other Customer that allows the Other Customer the first choice of Unloading Dates at the Sabine Pass
LNG Terminal for only one (1) berth and only in the preparation of such Other Customer’s Annual Delivery Program. As of the Effective Date, this Other Customer has an annual maximum LNG reception quantity equivalent to approximately one
(1) billion Standard Cubic Feet per day. With this exception, Customer shall have equal priority with all Other Customers, including the Other Customer referenced above, in the scheduling of Unloading Dates and berth access, including all
Unloading Date Change Requests. 

  

	5.2	Three Month Schedules 

  

	 	(a)	Proposed Schedules. Not later than the first (1st) day of each month in a Contract Year, Customer shall deliver the following to SABINE: a proposed three-month forward
plan of delivery of LNG (“Proposed Three Month Unloading Schedule”), which follows the Annual Delivery Program as nearly as practicable and sets forth by voyages and the projected dates thereof the pattern of shipments forecast for
each of the next three (3) months and the Expected Receipt Quantity of each such shipment. 

  

	 	(b)	Three Month Unloading Schedules. Thereafter, and not later than the twentieth (20th) day of each month in which a Proposed Three Month Unloading Schedule is delivered, SABINE shall deliver the following to Customer: a final three-month forward plan of delivery of LNG
(“Three Month Unloading Schedule”), which 

  

 15 

 shall supersede Customer’s Proposed Three Month Unloading Schedule and prior Three Month Unloading
Schedules as well as the portion of the Annual Delivery Program covering the same time periods and which shall reflect to the extent operationally practicable Customer’s Proposed Three Month Unloading Schedule. 
  

	 	(c)	Customer Changes to the Annual Delivery Program or Three Month Unloading Schedule. At any time following the issuance of the Annual Delivery Program and any applicable Three
Month Unloading Schedule, Customer’s Scheduling Representative may submit to SABINE a written request to change a Scheduled Unloading Date to any Available Unloading Date (such request to change, a “Customer Unloading Date Change
Request”). Customer understands that: (a) Other Customers shall also have the right to submit to SABINE similar scheduling requests (each an “Other Customer Unloading Date Change Request”); (b) SABINE shall have
no obligation to consult with the Scheduling Representative, Customer, or Other Customers regarding any Customer Unloading Date Change Request or Other Customer Unloading Date Change Request (collectively, “Unloading Date Change
Requests”); and (c) SABINE shall accept any Unloading Date Change Request on a first-come, first-served basis. Upon accepting a Customer Unloading Date Change Request, SABINE shall notify Customer via the Sabine Pass Website (or via an
alternative electronic means of transmitting written communications if the Sabine Pass Website is unavailable) as soon as practical but not later than 5:00 p.m. Central Time of the day following the date of receipt by SABINE of the applicable
Unloading Date Change Request. Notwithstanding anything herein to the contrary, Customer shall use its reasonable efforts to keep to a minimum the number of Customer Unloading Date Change Requests it submits to SABINE. 

  

	 	(d)	Other Modifications to the Annual Deliver Program or Three Month Unloading Schedule. If Customer is unable to berth during its Scheduled Unloading Date due to a Force Majeure
event (an “Unloading Services Unavailability”), each affected Scheduled Unloading Date allocated to Customer during such period shall be cancelled, to the extent affected; provided, however, that in the event of an Unloading
Services Unavailability causing the cancellation of one or more Scheduled Unloading Dates allocated to Customer and/or Other Customers, SABINE shall make reasonable efforts to change the Three Month Unloading Schedule and Other Customers’
Annual Delivery Programs in order to maximize efficient usage of the Sabine Pass Facility to assist Customer and Other Customers to unload quantities of LNG which would otherwise have been unloaded at the Sabine Pass Facility during such cancelled
Scheduled Unloading Dates. 

  

	5.3	Gas Delivery 

  

	 	(a)	Preliminary Nomination Schedule. Not later than the fifteenth (15th) day of each month, commencing the month immediately prior to the Commercial Start Date, Scheduling
Representative shall provide to SABINE a nonbinding nomination schedule (“Preliminary Nomination Schedule”) that sets forth, for each day of 

  

 16 

 the succeeding month, the quantities of Gas Customer expects to nominate for redelivery for its account
at the Delivery Point. 
  

	 	(b)	Daily Nomination Schedule. Each day by no later than 9:00 a.m. Central Time Customer shall notify SABINE of its actual nomination of the quantities of Gas to be redelivered,
by hour, for its account at the Delivery Point on the following day in compliance with this Section 5.3(b) and Sections 5.3(c) and 5.3(d). SABINE shall be obligated to redeliver such quantities to Customer in accordance with its nomination. Any
nomination submitted by Customer’s Scheduling Representative in accordance with the foregoing provision, which does not specify a non-uniform flow pattern, shall be ratable throughout the day and shall remain in effect until changed by it in
accordance with such provision. 

  

	 	(c)	Maximum Gas Redelivery Rate. Except as modified pursuant to Section 5.3(e), Customer’s daily nomination shall not exceed the lesser of: 

  

	 	(i)	the Maximum Gas Redelivery Rate; and 

  

	 	(ii)	the projected remaining quantity of Customer’s Inventory at 9:00 a.m. Central Time on that day. 

  

	 	(d)	Minimum Gas Redelivery Rate. Customer’s daily nomination shall not be less than Customer’s commercially reasonable share of tank boil-off (“Minimum Gas
Redelivery Rate”). 

  

	 	(e)	Changes in Gas Redelivery Rates. To the extent, on any day, that SABINE has the ability to allow Customer to nominate a higher Gas redelivery rate than the Maximum Gas
Redelivery Rate or a lower Gas redelivery rate than the Minimum Gas Redelivery Rate, SABINE shall advise Customer of the amount of such change that is available on such day. 

  

	5.4	Standard 

 SABINE shall act as a Reasonable and
Prudent Operator in performing the scheduling activities required by this Article 5. 
  

	5.5	Scheduling Representative 

 By no later than six
(6) months prior to the Commercial Start Date, Customer shall appoint an individual to act as Scheduling Representative for the purposes of this Article 5; provided, however, that Customer shall have the right to change its appointed Scheduling
Representative at any time by notice to SABINE. Unless otherwise stated herein, Customer hereby authorizes the Scheduling Representative to do and perform any and all acts for and on behalf of Customer with regard to scheduling matters provided for
in this Article 5. SABINE acknowledges that Customer and any Other Customer may agree to coordinate their activities so as to make the most efficient use of the Sabine Pass Facility, and may for purposes of this Agreement and the terminal use
agreements of the Other Customers jointly appoint a Scheduling Representative. 
  

 17 

	5.6	Scheduling Coordination Among Customer and Other Customers 

 Customer shall have the right to request SABINE to arrange a joint meeting with Other Customers with respect to any matter in relation to the performance of this Article 5. SABINE shall use reasonable efforts to organize such a meeting,
provided that SABINE may elect to include additional Other Customers if SABINE determines that such matter affects such additional Other Customers. If the Other Customers invited by SABINE agree to participate in such a joint meeting among Customer,
Other Customers and SABINE, the joint meeting shall be held as soon as practical. SABINE shall have the right to settle any scheduling disputes that may arise among Customer and Other Customers. Unless otherwise agreed, any such joint meeting shall
be held in Houston, Texas or by telephone, as appropriate. 
 ARTICLE 6 
 COMMERCIAL START DATE 
 The “Commercial Start Date” shall be the later of
January 1, 2008 or the date on which Commercial Operations Completion occurs, regardless of whether any unloading of Customer’s LNG at the Sabine Pass Facility actually occurs on such date. 
 ARTICLE 7 
 SABINE PASS FACILITY

  

	7.1	Sabine Pass Facility 

  

	 	(a)	Standard of Operation. SABINE shall cause the Sabine Pass Facility to be constructed and commissioned so as to achieve Commercial Operations Completion. On and after the
Commercial Start Date, SABINE shall at all times provide, maintain and operate (or cause to be provided, maintained and operated) the Sabine Pass Facility taking into consideration the following: (i) International LNG Terminal Standards; and
(ii) to the extent not inconsistent with International LNG Terminal Standards, such good and prudent practices as are generally followed in the LNG industry by Reasonable and Prudent Operators of LNG receiving and regasification terminals.

  

	 	(b)	Sabine Pass Phase 1 Facilities to be Provided. Subject to Section 7.1(a), the Sabine Pass Phase 1 Facilities shall include the following: 

  

	 	(i)	appropriate systems for communications with LNG Vessels; 

  

	 	(ii)	two unloading berths, each capable of berthing an LNG Vessel having a displacement of no more than 166,600 tonnes, an overall length of no more than 1,140 feet, a beam of no more
than 175 feet, and a draft of no more than 40 feet, which LNG Vessels can safely reach, fully laden, and safely depart, and at which LNG Vessels can lie safely berthed and unload safely afloat; 

  

 18 

	 	(iii)	lighting sufficient to permit unloading operations by day or by night, to the extent permitted by Governmental Authorities and Pilots (it being acknowledged, however, that SABINE
shall in no event be obligated to allow nighttime berthing operations at the Sabine Pass Facility if SABINE determines, acting as a Reasonable and Prudent Operator, that such operations during nighttime hours could pose safety risks to the Sabine
Pass Facility, an LNG Vessel, or a third party); 

  

	 	(iv)	unloading facilities capable of receiving LNG at a rate of up to an average of 12,000 Cubic Meters per hour when the pressure at the Receipt Point is at least 5.6 bars (gauge), with
three (3) unloading arms each having a reasonable operating envelope to allow for ship movement and manifold strainers of sixty (60) mesh; 

  

	 	(v)	a vapor return line system of sufficient capacity to transfer to an LNG Vessel quantities of Gas necessary for the safe unloading of LNG at the required rates, pressures and
temperatures; 

  

	 	(vi)	facilities allowing ingress and egress between the Sabine Pass Facility and the LNG Vessel by: (a) representatives of Governmental Authorities for purposes of unloading
operations; and (b) an independent surveyor for purposes of conducting tests and measurements of LNG on board the LNG Vessel in accordance with Annex I; 

  

	 	(vii)	LNG storage facilities with a working capacity of approximately four hundred eighty thousand (480,000) Cubic Meters of LNG; 

  

	 	(viii)	LNG regasification facilities with a total daily capacity of up to 2.6 billion Standard Cubic Feet; and 

  

	 	(ix)	metering, piping and flange at the Delivery Point necessary for the purpose of connecting to the Downstream Pipeline. 

  

	 	(c)	Sabine Pass Expansion Facilities to be Provided. Subject to Section 7.1(a), the Sabine Pass Expansion Facilities shall include at least the following:

  

	 	(i)	LNG storage facilities with a working capacity of approximately three hundred twenty thousand (320,000) Cubic Meters of LNG; and 

  

	 	(ii)	LNG regasification facilities with a total daily capacity of approximately 1.4 billion Standard Cubic Feet. 

  

	 	(d)	Facilities Not Provided. Services and facilities not provided at the Sabine Pass Facility include the following: 

  

	 	(i)	facilities and loading lines for liquid or gaseous nitrogen to service an LNG Vessel; 

  

 19 

	 	(ii)	facilities for providing bunkers; and 

  

	 	(iii)	facilities for the handling and delivery to the LNG Vessel of ship’s stores, provisions and spare parts. 

  

	 	(e)	Expansion. SABINE shall have the right, but not the obligation, from time to time, to expand the Sabine Pass Facility or to construct or acquire other facilities.

  

	7.2	Compatibility of Sabine Pass Facility with LNG Vessels 

  

	 	(a)	Sabine Pass Facility General Specifications. SABINE has provided to Customer the general specifications for the LNG berthing and unloading facilities of the Sabine Pass
Facility as of the date hereof. 

  

	 	(b)	LNG Vessel Compatibility. Customer shall ensure, at no cost to SABINE, that each of the LNG Vessels is fully compatible with the Sabine Pass Facility as set forth in
such general specifications. Should an LNG Vessel fail materially either to be compatible with the Sabine Pass Facility, or to be in compliance with the provisions of Article 8, Customer shall not employ such LNG Vessel until it has been modified to
be so compatible or to so comply. 

  

	 	(c)	Modifications to Terminal Generally. The Parties agree that, after the date hereof, SABINE shall be entitled to modify the Sabine Pass Facility in any manner whatsoever,
provided that: (x) such modifications do not render the Sabine Pass Facility incompatible with an LNG Vessel that was previously compatible with the Sabine Pass Facility under Section 7.2(b) above; (y) such modifications, once
finalized, do not reduce the ability of SABINE to provide the Services to Customer on the basis set forth in this Agreement; and (z) such modifications do not otherwise conflict with SABINE’s obligations under this Agreement.
Notwithstanding the foregoing, SABINE may modify the Sabine Pass Facility in a manner that would render it incompatible with an LNG Vessel provided that: 

  

	 	(i)	such modification is necessary for SABINE to comply with its obligations under Section 7.1(a); or 

  

	 	(ii)	the LNG Vessel is capable of being modified, and such modification is minor in nature, to maintain compatibility with both the Sabine Pass Facility and other terminals in its
normal/intended trade and, in connection with a modification, SABINE reimburses Customer for the reasonable actual costs incurred by Customer in causing Transporter to modify the LNG Vessel to maintain compatibility with the Sabine Pass Facility as
so modified; provided, further, that Customer shall use its best efforts to minimize costs to be borne by SABINE hereunder, shall notify SABINE reasonably in advance of the nature and expected cost of all such LNG Vessel modifications by
Transporter, and shall certify to SABINE the actual amount and detail of all costs incurred for which such reimbursement from SABINE is requested. 

  

 20 

	 	(d)	Modifications to Terminal Resulting From Changes in International LNG Vessel Standards. In the event of a change in International LNG Vessel Standards which requires an LNG
Vessel to be modified but such vessel modification would render such LNG Vessel incompatible with the Sabine Pass Facility, then SABINE shall use its best efforts to modify the Sabine Pass Facility to render it compatible with such modified LNG
Vessel provided that: 

  

	 	(i)	such modifications do not render the Sabine Pass Facility incompatible with another LNG vessel that was previously compatible with the Sabine Pass Facility;

  

	 	(ii)	such modifications, once finalized, do not reduce the Services; and 

  

	 	(iii)	such modifications do not otherwise conflict with SABINE’s obligations under this Agreement. 

  

	7.3	Customer Inspection Rights 

 Upon obtaining
SABINE’s prior written consent, which consent shall not be unreasonably withheld or delayed, a reasonable number of Customer’s designated representatives (including LNG Suppliers) may from time to time (including during the period of
initial construction) inspect the operation of the Sabine Pass Facility so long as such inspection occurs from 8:00 a.m. Central Time to 5:00 p.m. Central Time on a Business Day. Any such inspection shall be at Customer’s sole risk and expense.
Customer (and its designees) shall carry out any such inspection without any interference with or hindrance to the safe and efficient operation of the Sabine Pass Facility. Customer’s right to inspect and examine the Sabine Pass Facility shall
be limited to verifying SABINE’s compliance with SABINE’s obligations under this Agreement and shall not entitle Customer to make direct requests to SABINE regarding any aspect of the Sabine Pass Facility. No inspection (or lack thereof)
of the Sabine Pass Facility by Customer hereunder, or any requests or observations made to SABINE or its representatives by or on behalf of Customer in connection with any such inspection, shall (a) modify or amend SABINE’s obligations,
representations, warranties and covenants under this Agreement or under any agreement or instrument contemplated by this Agreement; or (b) constitute an acceptance or waiver by Customer of SABINE’s obligations under this Agreement.

 ARTICLE 8 
 TRANSPORTATION AND UNLOADING 
  

	8.1	LNG Vessels 

  

	 	(a)	Customer to Cause LNG Vessels to Comply. Customer shall be responsible for the transportation of LNG from the Loading Port to the Receipt Point. In this regard, Customer
shall cause each LNG Vessel to comply with the requirements of this Article 8 in all respects. 

  

 21 

	 	(b)	Approvals and Documentation. Each LNG Vessel shall comply with the regulations of, and obtain all Approvals required by, Governmental Authorities to enable such LNG Vessel to
enter, leave and carry out all required operations at the Sabine Pass Facility. Each LNG Vessel shall at all times have on board valid documentation evidencing all such Approvals. Each LNG Vessel shall comply fully with the International Safety
Management Code for the Safe Operation of Ships and Pollution Prevention effective July 1, 1998, and at all times be in possession of a valid safety management certificate. 

  

	 	(c)	Tugs, Fireboats, Escort Vessels and Port Charges. Customer shall arrange for, or cause the appropriate Person to arrange for, such number and types of tugs, line boats,
fireboats and other escort vessels as are required by Governmental Authorities to attend the LNG Vessel so as to permit safe and efficient movement of the LNG Vessel within the maritime safety areas located in the approaches to and from the Sabine
Pass Facility. SABINE requires that Customer arrange for, or cause the appropriate Person to arrange for, a minimum of three (3) 5000-horsepower, greater than fifty (50) short tons bollard pull tug boats with fire-fighting capability.
Customer shall pay all Port Charges directly to the appropriate Person. 

  

	 	(d)	LNG Vessel Requirements. Each LNG Vessel must satisfy the following requirements: 

  

	 	(i)	Specifications. Except as otherwise mutually agreed in writing by the Parties, each LNG Vessel shall be compatible with the specifications of the Sabine Pass Facility
identified in Section 7.1(b). Notwithstanding the foregoing, in the event an LNG Vessel is compatible with the specifications set forth in Section 7.1(b) or otherwise acceptable to SABINE, but a Governmental Authority or Pilot prohibits or
otherwise hinders the utilization of such LNG Vessel, Customer’s obligations under this Agreement shall not be excused or suspended by reason of Customer’s inability (pursuant to the foregoing) to use such a vessel as an LNG Vessel.

  

	 	(ii)	LNG Vessel Capacity. Except as otherwise agreed in writing by SABINE, each LNG Vessel shall have an LNG cargo containment capacity of no less than eighty seven thousand six
hundred (87,600) Cubic Meters. 

  

	 	(iii)	Condition of the LNG Vessel. Each LNG Vessel shall be, in accordance with International LNG Vessel Standards: (a) fitted in every way for the safe loading, unloading,
handling and carrying of LNG in bulk at atmospheric pressure; and (b) tight, staunch, strong and otherwise seaworthy with cargo handling and storage systems (including instrumentation) necessary for the safe loading, unloading, handling,
carrying and measuring of LNG in good order and condition. The location of the unloading manifold shall allow a safe margin for movement of the arms within the operating envelope. 

  

 22 

	 	(iv)	Classification Society. Each LNG Vessel shall at all times be maintained in class with any of the following: American Bureau of Shipping, Lloyd’s Register for Shipping,
Bureau Veritas, Germanischer Lloyd, NKK, Det Norske Veritas or any other classification society that is mutually agreeable to the Parties. 

  

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

  

	 	(vi)	Operation and Maintenance. Each LNG Vessel shall comply with, and shall be fully equipped, supplied and maintained to comply with, all applicable International LNG Vessel
Standards. Unless approved by SABINE in writing, which approval shall not be unreasonably withheld or delayed, an LNG Vessel shall be prohibited from engaging in any maintenance, repair or in-water surveys while berthed at the Sabine Pass Facility.
Each LNG Vessel shall comply fully with the guidelines of any Governmental Authority of the United States, including the National Oceanographic and Atmospheric Administration (NOAA), in relation to actions to avoid strikes in U.S. waters with
protected sea turtles and cetaceans (e.g., whales and other marine mammals) and with regard to the reporting of any strike by the LNG Vessel which causes injury to such protected species. 

  

	 	(vii)	Crew. The officers and crew of each LNG Vessel shall have the ability, experience, licenses and training commensurate with the performance of their duties in accordance with
internationally accepted standards as adopted on first-class LNG vessels and as required by Governmental Authorities and any labor organization having jurisdiction over the LNG Vessel or her crew. Without in any way limiting the foregoing, the
master, chief engineer, all 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 Vessel in English. 

  

	 	(viii)	Communications. Each LNG Vessel shall have communication equipment complying with applicable regulations of Governmental Authorities and permitting such LNG Vessel to be
in constant communication with the Sabine Pass Facility and with other vessels in the area (including fireboats, escort vessels and other vessels employed in port operations). 

  

	 	(ix)	Pumping Time. Provided that the Sabine Pass Facility supplies a suitable vapor return line meeting the requirements of Section 7.1(b)(v), then:

  

	 	a.	an LNG Vessel with an LNG cargo containment capacity less than or equal to one hundred forty thousand (140,000) Cubic Meters 

  

 23 

 shall be capable of unloading LNG in a maximum of fifteen (15) hours; and 
  

	 	b.	an LNG Vessel with an LNG cargo containment capacity greater than one hundred forty thousand (140,000) Cubic Meters shall be capable of unloading LNG in the number of hours
derived after applying the following formula: 

 15 + x = maximum LNG unloading time (in hours) 
 where: 
 x =
y/12,000 Cubic Meters; and 
 y = the LNG cargo containment capacity of the LNG Vessel in excess of 140,000 Cubic Meters.

 Time for connecting, cooling, stripping and disconnecting, and cooling of liquid arms shall not be included in the computation of pumping
time. 
  

	 	(x)	Prequalification. Customer shall prequalify LNG Vessels which it intends to berth at the Sabine Pass Facility by providing information reasonably required by SABINE to ensure
each LNG Vessel complies with this Article 8 and other reasonable operating requirements of SABINE. 

  

	8.2	Sabine Pass Marine Operations Manual 

 Acting as a
Reasonable and Prudent Operator, SABINE shall develop and maintain a single marine operations manual (the “Sabine Pass Marine Operations Manual”) that governs activities at the Sabine Pass Facility, applies to all LNG Vessels and
vessels used by Other Customers and which shall take into consideration International LNG Vessel Standards (but excluding the matters governed by the Sabine Pass Services Manual). SABINE shall deliver to Customer and all Other Customers a copy of
the Sabine Pass Marine Operations Manual and any amendments thereto promptly after they have been finalized or amended, as the case may be. Customer shall comply, and shall cause its Scheduling Representative to comply, with such Sabine Pass Marine
Operations Manual in all respects. 
  

	8.3	LNG Vessel Inspections; Right to Reject LNG Vessel 

  

	 	(a)	Inspections. During the Term, on prior reasonable notice to Customer, SABINE acting as a Reasonable and Prudent Operator may, at its sole risk, send its representatives
(including an independent internationally recognized maritime consultant) to inspect during normal working hours any LNG Vessel as SABINE may consider necessary to ascertain whether the LNG Vessel complies with the provisions of this Agreement.
SABINE shall bear 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 Vessel’s operational 

  

 24 

 schedule, examination of the LNG Vessel’s hull, cargo and ballast tanks, machinery, boilers,
auxiliaries and equipment; examination of the LNG Vessel’s deck and engine scrap/rough and fair copy/official log books; review of records of surveys by the LNG Vessel’s classification society and relevant Governmental Authorities; and
review of the LNG Vessel’s operating procedures and performance of surveys, both in port and at sea. Any inspection carried out pursuant to this Section 8.3(a): (i) shall not interfere with, or hinder, any LNG Vessel’s safe and
efficient construction or operation; and (ii) shall not entitle SABINE or any of its representatives to make any request or recommendation directly to Transporter except through Customer. No inspection (or lack thereof) of an LNG Vessel
hereunder shall: (x) modify or amend Customer’s obligations, representations, warranties and covenants under this Agreement or under any agreement or instrument contemplated by this Agreement; or (y) constitute an acceptance or waiver
by SABINE of Customer’s obligations under this Agreement. 
  

	 	(b)	Right to Reject LNG Vessel. SABINE shall have the right to reject any LNG Vessel that Customer intends to use to deliver LNG to the Sabine Pass Facility if such LNG
Vessel does not comply materially with the provisions of this Agreement, provided that: 

  

	 	(i)	neither the exercise nor the non-exercise of such right shall reduce the responsibility of Customer to SABINE in respect of such LNG Vessel and her operation, nor increase
SABINE’s responsibilities to Customer or third parties for the same; and 

  

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

  

	8.4	Advance Notices Regarding LNG Vessel and Cargoes 

  

	 	(a)	Change in Expected Receipt Quantity. If, subsequent to issuing the notice required under Section 5.1(b)(ii) and Section 5.2(a), Customer anticipates a change, by
way of either increase or decrease, of at least five percent (5%) in the Expected Receipt Quantity for a particular Cargo, Customer shall promptly provide notice thereof to SABINE and include in such notice Customer’s new estimate of the
Expected Receipt Quantity. SABINE shall use reasonable endeavors to accept any increase in the quantity but shall at all times have the right not to accept such new increased quantity if, in its sole discretion, such increased quantity would
conflict with any Other Customer’s unloading schedule or entitlement to Services or exceed Customer’s Service entitlements at the Sabine Pass Facility. 

  

	 	(b)	LNG Vessel Nomination. As soon as practicable but no later than five (5) days prior to the scheduled loading date for a Cargo (unless the Cargo is a diversion cargo, in
which case the deadline shall be as soon as practicable after such diversion), Customer shall notify SABINE of the information specified below: 

  

 25 

	 	(i)	name of LNG Vessel and, in reasonable detail, the dimensions, specifications, operator, and owner of such LNG Vessel; 

  

	 	(ii)	name of Loading Port; 

  

	 	(iii)	expected departure date of LNG Vessel from Loading Port; 

  

	 	(iv)	estimated arrival date at the Sabine Pass Facility; and 

  

	 	(v)	any changes in the Expected Receipt Quantity since Customer’s prior notice. 

 Moreover, if the vessel that Customer proposes to use as an LNG Vessel has not, within the immediately preceding Contract Year, delivered LNG to the Sabine Pass Facility, Customer shall notify SABINE thereof at least
sixty (60) days prior to the applicable Scheduled Unloading Date. 
  

	 	(c)	LNG Vessel Movements. With respect to each Cargo of LNG to be delivered hereunder, Customer shall give, or cause the master of the LNG Vessel to give, to SABINE the following
notices: 

  

	 	(i)	A first notice (“First Notice”), which shall be sent upon the departure of the LNG Vessel from the Loading Port and which shall set forth the time and date that
loading was completed, the volume (expressed in Cubic Meters) of LNG loaded on board the LNG Vessel, the estimated time of arrival of the LNG Vessel at the Pilot Boarding Station (“ETA”), and any operational deficiencies in the LNG
Vessel that may affect its performance at the Sabine Pass Facility or berth; 

  

	 	(ii)	A second notice (“Second Notice”), which shall be sent ninety-six (96) hours prior to the ETA set forth in the First Notice, stating the LNG Vessel’s then
ETA. If, thereafter, such ETA changes by more than six (6) hours, Customer shall give promptly, or cause the master of the LNG Vessel to give promptly, to SABINE notice of the corrected ETA; 

  

	 	(iii)	A third notice (“Third Notice”), which shall be sent twenty-four (24) hours prior to the ETA set forth in the Second Notice (as corrected), confirming or
amending such ETA. If, thereafter, such ETA changes by more than three (3) hours, Customer shall give promptly, or cause the master of the LNG Vessel to give promptly, to SABINE notice of the corrected ETA; 

  

	 	(iv)	A fourth notice (“Final Notice”), which shall be sent twelve (12) hours prior to the ETA set forth in the Third Notice (as corrected), confirming or amending
such ETA. If, thereafter, such ETA changes by more than one (1) hour, Customer shall give promptly, or cause the master of the LNG Vessel to give promptly, to SABINE notice of the corrected ETA; and 

  

 26 

	 	(v)	An NOR, which shall be given at the time prescribed in Section 8.5(a) below. 

 Provided, however, the above notice requirements shall be waived by SABINE to the extent Customer is unable to practically provide the applicable notice as a result of Customer choosing to deliver recently acquired
spot LNG Cargoes. 
  

	 	(d)	Characteristics of Cargoes. With the First Notice, Customer shall notify SABINE, or cause SABINE to be notified, for SABINE’s information only, of the following
characteristics of the LNG comprising its Cargo as determined at the time of loading: 

  

	 	(i)	Gross Heating Value per unit; 

  

	 	(ii)	molecular percentage of individual hydrocarbon components and nitrogen; 

  

	 	(iii)	average temperature; and 

  

	 	(iv)	density at loading. 

  

	 	(e)	Right to Reject Certain Quantities. Without prejudice to any other rights and remedies arising hereunder or by law or otherwise, SABINE shall for any reason have the
right to reject, and shall not be required to unload, those quantities of LNG on board an LNG Vessel that exceed one hundred and five percent (105%) of the Expected Receipt Quantity for such Cargo as specified in, whichever is applicable:
(i) the notice delivered pursuant to Section 5.1(b)(ii) or Section 5.2(a) and utilized by SABINE for the purposes of determining Annual Delivery Program or any Three Month Unloading Schedule, respectively; or (ii) any subsequent
notice delivered pursuant to Section 8.4(a) and accepted by SABINE. 

  

	8.5	Notice of Readiness 

  

	 	(a)	Issuance. Subject to any applicable restrictions, including any nighttime transit restrictions imposed by Governmental Authorities or Pilots or any other reasonable
timing restrictions imposed by SABINE (in light of SABINE’s obligation to have the capability to provide Services twenty-four (24) hours a day, seven (7) days a week), the master of an LNG Vessel or its agent shall give to SABINE its
notice of readiness (“NOR”), to unload upon arrival of such LNG Vessel at the specific location off the Sabine Pass Facility at which Pilots customarily board the LNG Vessel (such location referred to as the “Pilot Boarding
Station”). 

  

	 	(b)	Effectiveness. An NOR given under Section 8.5(a) shall become effective as follows: 

  

	 	(i)	For an LNG Vessel arriving at the Pilot Boarding Station at any time before 6:00 a.m. Central Time on the Scheduled Unloading Date allocated 

  

 27 

 to such LNG Vessel, an NOR shall be deemed effective at 6:00 a.m. Central Time on such Scheduled
Unloading Date; 
  

	 	(ii)	For an LNG Vessel arriving at the Pilot Boarding Station at any time between the period of 6:00 a.m. Central Time on the Scheduled Unloading Date allocated to such LNG Vessel and
6:00 a.m. Central Time on the day immediately following such Scheduled Unloading Date, an NOR shall become effective at the time of its issuance; or 

  

	 	(iii)	For an LNG Vessel arriving at the Pilot Boarding Station at any time after the expiration of the Scheduled Unloading Date, an NOR shall become effective upon SABINE’s notice to
the LNG Vessel that it is ready to receive the LNG Vessel at berth. 

  

	8.6	Berthing Assignment 

  

	 	(a)	General Rule. SABINE shall determine the berthing sequence of all LNG Vessels at the Sabine Pass Facility in order to ensure compliance with the Annual Delivery Program and
Three Month Unloading Schedules. If an LNG Vessel is not ready to unload for any reason, SABINE may refuse to allow it to berth. 

  

	 	(b)	Timely Arrival. SABINE shall berth an LNG Vessel arriving before or during its Scheduled Unloading Date at the first opportunity that SABINE determines such LNG Vessel will
not interfere with berthing and unloading of any other scheduled LNG vessel with a higher berthing priority. Berthing priority for LNG vessels arriving before or during their respective Scheduled Unloading Dates shall be determined as follows:

  

	 	(i)	The first berthing priority on any day shall be for LNG vessels with a Scheduled Unloading Date on such day. Priority within this group shall be given to the LNG vessel which has
first given SABINE its NOR; and 

  

	 	(ii)	The second berthing priority on any day shall be for LNG vessels with a Scheduled Unloading Date on a future day. Priority within this group shall be given to the LNG vessel which
has first given SABINE its NOR. 

 For the avoidance of doubt, SABINE will allow berthing and unloading of LNG vessels from the
priority group in Section 8.6(b)(ii) above only if, in SABINE’s sole judgment, such berthing and unloading will not cause the Sabine Pass Facility to lack either berthing space or sufficient storage capacity to allow unloading of an LNG
vessel from the priority group in Section 8.6(b)(i). 
  

	 	(c)	Late Arrival. SABINE shall berth an LNG Vessel arriving after its Scheduled Unloading Date at the first opportunity that SABINE reasonably determines such LNG Vessel
will not cause the Sabine Pass Facility to lack either berthing space or sufficient storage capacity to allow unloading of an LNG vessel from the priority group in Section 8.6(b)(i). 

  

 28 

	8.7	Unloading Time 

  

	 	(a)	Allotted Unloading Time. The allotted unloading time for each LNG Vessel (“Allotted Unloading Time”) shall be thirty-six (36) hours, subject to
extensions for: 

  

	 	(i)	reasons attributable to Customer, a Pilot, a Governmental Authority, the LNG Vessel or its master, crew, owner or operator, tugs, line boats, service boats, fire boats or other
escort vessels, or attributable to any other party whose performance is required for the transiting and berthing of the LNG Vessel and whose performance is outside the control of SABINE; 

  

	 	(ii)	Force Majeure; 

  

	 	(iii)	unscheduled curtailment or temporary discontinuation of operations at the Sabine Pass Facility in accordance with Section 16.2; provided that in the circumstances described in
Section 16.2(a), the repairs giving rise to such curtailment or discontinuance are reasonably necessary for the delivery of Services to Customer or Other Customers or for reasons of safety; 

  

	 	(iv)	occupancy of the berth by an LNG vessel that arrived at berth at the Sabine Pass Facility no later than 6:00 p.m. Central Time of the scheduled unloading window allocated to such
LNG vessel, which shall result in an extension of no more than nine (9) hours; 

  

	 	(v)	additional time to unload an LNG Vessel with an LNG cargo containment capacity greater than one hundred forty thousand (140,000) Cubic Meters, such increase over thirty-six
(36) hours to be calculated in the same manner as increases over twenty-four (24) hours under Section 8.9(b)(i)b; 

  

	 	(vi)	failure of an LNG Vessel to send the Final Notice pursuant to Section 8.4(c)(iv) or, pursuant to Section 8.4(c)(ii), failure of an LNG Vessel to give an NOR within six
(6) hours of the ETA given to SABINE in the Second Notice; and 

  

	 	(vii)	night time transit restrictions. 

 For the avoidance of
doubt, SABINE shall have the right to delay berthing of the LNG Vessel for any of the reasons set forth in (i) to (viii) above. 
  

	 	(b)	Actual Unloading Time. The actual unloading time for each LNG Vessel (“Actual Time”) shall commence when the NOR is effective and shall end when the
unloading and return lines of the LNG Vessel are disconnected from the Sabine Pass Facility’s unloading and return lines. 

  

	 	(c)	Demurrage 

 In the event Actual Unloading Time
exceeds Allotted Unloading Time (including any extension in accordance with Section 8.7(a) (“Demurrage Event”), SABINE shall pay to Customer as liquidated damages demurrage in United States dollars 
  

 29 

 (which shall be prorated for a portion of a day) determined in accordance with the rate set out in the
following table: 
  

				
	 LNG Vessel Cargo Capacity
	  	 Demurrage Rate
 in $/day

	 Less than 120,000 Cubic Meters
	  	$	45,000
		
	 120,000 Cubic Meters or greater up to, but not including, 160,000 Cubic Meters
	  	$	55,000
		
	 160,000 Cubic Meters or greater up to, but not including, 200,000 Cubic Meters
	  	$	65,000
		
	 200,000 Cubic Meters or greater
	  	$	83,000

 If a Demurrage Event occurs, Customer shall invoice SABINE for such demurrage within thirty
(30) days pursuant to Section 11.2. 
  

	 	(d)	Excess Boil-Off. If an LNG Vessel is delayed in berthing at the Sabine Pass Facility and/or commencement of unloading due to an event occurring at the Sabine Pass Facility
and for a reason that would not result in an extension of Allotted Unloading Time under Section 8.7, and if, as a result thereof, the commencement of unloading is delayed beyond twenty-four (24) hours after the Notice of Readiness is
effective; then, for each full hour by which commencement of unloading is delayed beyond such twenty-four (24) hour period, SABINE shall pay Customer as liquidated damages an amount, on account of excess boil-off, equal to the Henry Hub Price
for the month in which the delay occurs multiplied by the quantity in MMBTUs equal to 0.0052% of the Cargo. Customer shall invoice SABINE for such excess boil-off pursuant to Section 11.2. This provision shall not apply if the LNG Vessel has
onboard reliquefaction capability for boil-off. 

  

	8.8	Unloading at the Sabine Pass Facility 

  

	 	(a)	Efficiency. SABINE shall cooperate with Transporters (or their agents) and with the master of each LNG Vessel to facilitate the continuous and efficient delivery of LNG
hereunder. 

  

	 	(b)	Vapor Return Line. During unloading of each Cargo of LNG, SABINE shall return to the LNG Vessel Gas in such quantities as are necessary for the safe unloading of the LNG at
such rates, pressures and temperatures as may be required by the design of the LNG Vessel, and such returned Gas shall not be deemed to be volume unloaded for Customer’s account. 

  

 30 

	8.9	LNG Vessel Not Ready for Unloading; Excess Berth Time 

  

	 	(a)	Vessel Not Ready for Unloading. If any LNG Vessel, previously believed to be ready for unloading, is determined not to be ready after being berthed, SABINE may direct the LNG
Vessel’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 SABINE that such LNG Vessel can be made ready without disrupting the overall
unloading schedule of the Sabine Pass Facility or operations of the Sabine Pass Facility. When an unready LNG Vessel at anchorage becomes ready for unloading, its master shall notify SABINE. Upon the re-berthing of any LNG Vessel vacated pursuant to
this Section 8.9(a), Customer shall be responsible for any actual costs incurred by SABINE acting as a Reasonable and Prudent Operator as a result of such LNG Vessel not being ready for unloading. 

  

	 	(b)	Berth Limitations. 

  

	 	(i)	An LNG Vessel shall complete unloading and vacate the berth as soon as possible but not later than the following allowed berth time: 

  

	 	a.	twenty-four (24) hours after the LNG Vessel has been berthed, in the case of an LNG Vessel with an LNG cargo containment capacity less than or equal to one hundred forty
thousand (140,000) Cubic Meters; or 

  

	 	b.	in accordance with the following formula, in the case of an LNG Vessel with an LNG cargo containment capacity greater than one hundred forty thousand (140,000) Cubic Meters:

 24 + x = allowed berth time (in hours) 
 where: 
 x =
y/12,000 Cubic Meters; and 
 y = the LNG cargo containment capacity of the LNG Vessel in excess of 140,000 Cubic Meters.

  

	 	(ii)	Notwithstanding the foregoing, the aforementioned time restrictions shall be extended for: (a) reasons attributable to SABINE; (b) reasons attributable to a Pilot or to a
Governmental Authority; (c) Force Majeure; and (d) nighttime transit restrictions. 

  

	 	(iii)	If an LNG Vessel fails to depart at the end of its allowed berth time, SABINE may direct the LNG Vessel to vacate the berth and proceed to sea at utmost dispatch.

  

 31 

	 	(iv)	If an LNG Vessel fails to vacate the berth after receipt of SABINE’s notice to do so under this Section 8.9, Customer shall reimburse SABINE for any and all reasonable and
actual damages SABINE incurs as a result thereof, including amounts SABINE becomes contractually obligated to pay as demurrage or excess boil-off to any Other Customer. 

  

	 	(v)	In the event an LNG Vessel fails to vacate the berth pursuant to this Section 8.9 and Customer is not taking actions to cause it to vacate the berth, SABINE may effect such
removal at the expense of the Customer. 

 ARTICLE 9 
 RECEIPT OF LNG 
  

	9.1	Title, Custody and Risk of Loss 

  

	 	(a)	Title to Customer’s Inventory, Risk of Loss. Subject to Section 3.4, SABINE shall not assume title or risk of loss with respect to Customer’s Inventory even
during periods when it is in the possession and control of SABINE. For the avoidance of doubt, title and risk of loss with respect to Retainage shall pass to SABINE at the Receipt Point. 

  

	 	(b)	Possession and Control. Possession and control of Customer’s LNG shall pass from Customer to SABINE upon delivery of same at the Receipt Point. Possession and control of
Customer’s Gas shall pass from SABINE to Customer upon delivery of same at the Delivery Point. 

  

	 	(c)	Vacated LNG. Customer agrees that SABINE may from time to time vacate from storage any quantity of Customer’s LNG as deemed appropriate by SABINE in its sole discretion
to achieve efficient operation of the Sabine Pass Facility (“Vacated LNG”). Customer hereby consents to the transfer by SABINE of title and risk of loss for any quantity of Vacated LNG to itself, an Affiliate, or any other party.
Such transfers shall not affect the responsibility of SABINE to store or otherwise account for Customer’s Inventory, as provided in Section 3.1(b)(ii), and to make available a quantity of Gas expressed in MMBTU equivalent to that of the
Vacated LNG in accordance with Customer’s nominations, as provide in Section 3.1(b)(iii). 

  

	9.2	No Encumbrance 

  

	 	(a)	Customer’s Covenants. Customer agrees to fully defend, indemnify and hold SABINE and its Affiliates harmless against all Encumbrances and Liabilities relating to such
Encumbrances (collectively, “Claims”) regarding Customer’s Inventory, including Claims brought by Other Customers, other than any Claims caused by SABINE’s acts or omissions. For purposes of this Section 9.2(a), the
term “Encumbrance” shall include any mortgage, pledge, lien, charge, adverse claim, proprietary right, assignment by way of security, security interest, title retention, preferential right or trust arrangement or any other security
agreement or arrangement having the effect of security. 

  

 32 

	 	(b)	SABINE’s Covenants. SABINE covenants that it will deliver to Customer at the Delivery Point all Gas held for Customer’s account free from all Claims relating
thereto caused by SABINE’s acts or omissions. SABINE agrees to fully defend, indemnify and hold Customer and its Affiliates harmless from and against all Claims regarding Customer’s Inventory caused by the acts or omissions of SABINE and
Other Customers. 

  

	9.3	Receipt of LNG 

 The receipt of LNG from an LNG
Vessel at the Receipt Point shall be carried out by use of pumps and other equipment on the LNG Vessel under such reasonable and customary conditions as are specified in the Sabine Pass Marine Operations Manual. 
  

	9.4	Quality and Measurement of Customer’s LNG 

 Customer’s LNG shall be measured and tested in accordance with Annex I. Customer shall ensure that all LNG delivered at the Receipt Point for Customer’s account shall conform to the following specifications: 
  

	 	(a)	Gross Heating Value. 

 LNG when delivered by
Customer to SABINE shall have, in a gaseous state, a Gross Heating Value of not less than 950 BTU per Standard Cubic Foot and not more than 1165 BTU per Standard Cubic Foot. 
  

	 	(b)	Components. 

  

	 	(i)	The LNG when delivered by Customer to SABINE shall, in a gaseous state, contain not less than eighty-four molecular percentage (84.0 MOL%) of methane (C1) and, for the components and substances listed below, such LNG shall not contain more than the following:

  

	 	a.	Nitrogen (N2), 1.5 MOL%; 

  

	 	b.	Ethane (C2), 11 MOL%; 

  

	 	c.	Propane (C3), 3.5 MOL%; 

  

	 	d.	Butanes (C4) and heavier, 2 MOL%; 

  

	 	e.	Pentanes (C5) and heavier, 0.09 MOL%; 

  

	 	f.	Hydrogen sulfide (H2S), 0.25 grains per 100 Standard Cubic Feet; and 

  

	 	g.	Total sulfur content, 1.35 grains per 100 Standard Cubic Feet. 

  

 33 

	 	(ii)	The LNG when delivered by Customer to SABINE shall contain no water, active bacteria or bacterial agents (including sulfate reducing bacteria or acid producing bacteria) or other
contaminants or extraneous material. 

  

	9.5	Off-Specification LNG 

  

	 	(a)	Refusal of Off-Spec LNG. Without prejudice to any other rights and remedies of SABINE hereunder, SABINE may refuse to take delivery of all or part of any LNG not conforming
to the quality specifications set forth in Section 9.4 (“Off-Spec LNG”). 

  

	 	(b)	Notice. Customer shall provide notice to SABINE as soon as reasonably practicable of any existing or anticipated failure of the LNG available for delivery to SABINE hereunder
to conform to the quality specifications set forth in Section 9.4, giving details of the nature and expected magnitude of the variance, the cause of the non-compliance and the probable duration thereof, including the Cargoes and Scheduled
Unloading Dates to be affected thereby. If so notified, SABINE shall as soon as possible inform Customer whether it intends to reject any of such Off-Spec LNG. If SABINE is notified by Customer prior to the commencement of unloading of a Cargo at
the Sabine Pass Facility that the LNG is Off-Spec LNG and the quantity is delivered to the Sabine Pass Facility, SABINE shall use reasonable endeavors to take delivery of any Cargoes which it would otherwise be entitled to reject; provided, however
that SABINE shall be entitled to delay unloading of Off-Spec LNG for the period of time reasonably required for SABINE to determine whether it can take delivery of such Off-Spec LNG pursuant to this Section 9.5(b). Subject to SABINE first using
its reasonable endeavors to take delivery of any Cargoes containing Off-Spec LNG, SABINE shall: 

  

	 	(i)	notify Customer that SABINE will take delivery of some or all of the affected Cargoes, without prejudice to SABINE’s rights and remedies with respect to such Off-Spec LNG other
than SABINE’s right to reject said Cargo; or 

  

	 	(ii)	reject all or any of the affected Cargoes. 

  

	 	(c)	Customer’s Responsibility. If SABINE accepts delivery of a Cargo of Off-Spec LNG which it would otherwise be entitled to reject, Customer shall:

  

	 	(i)	bear the financial responsibility for all reasonable and actual incremental costs (other than capital costs) and Liabilities incurred by SABINE or any of SABINE’s Affiliates,
in each case acting as a Reasonable and Prudent Operator, in connection with receiving and treating Off-Spec LNG by such means as are appropriate, including mixing such Off-Spec LNG with lower calorific value Gas or injecting nitrogen if facilities
to allow for such mixing or injection presently exist at the Sabine Pass Facility; and 

  

 34 

	 	(ii)	indemnify and hold harmless SABINE, its Affiliates and their respective directors, officers and employees from any and all Liabilities, including any of same attributable to claims
of any Person and any Other Customers, which arise out of, are incident to, or result from the acceptance, handling, disposal or use of Off-Spec LNG. 

  

	 	(d)	No Continuing Waiver. Acceptance of Off-Spec LNG shall not prevent SABINE from refusing future deliveries of Off-Spec LNG. No waiver by SABINE of any default by Customer of
any of the specifications set forth in this Article 9 shall ever operate as a continuing waiver of such specification or as a waiver of any subsequent default, whether of a like or different character. 

  

	 	(e)	Extended Delivery of Off-Spec LNG. If: (i) Customer notifies SABINE pursuant to Section 9.5(b) of an anticipated delivery of two (2) or more Cargoes of
Off-Spec LNG; and (ii) the Parties agree for SABINE to incur incremental capital costs in order to accept delivery of such Cargoes, then Customer shall, in addition to its payment and indemnification obligations under Section 9.5(c), bear
the financial responsibility for and directly fund, at SABINE’s election, all such incremental capital costs. 

 ARTICLE
10 
 REDELIVERY OF GAS 
  

	10.1	General 

  

	 	(a)	Delivery Point. SABINE shall deliver to Customer at the Delivery Point the quantity of Gas nominated by Customer for any day pursuant to Section 5.3.

  

	 	(b)	Commingled Stream. Customer acknowledges and agrees that Gas from Customer’s Inventory may be delivered by SABINE in a commingled stream, including Gas derived from LNG
received by SABINE from Other Customers. Customer furthers acknowledges and agrees that Customer shall have no right to receive Gas of the same quality as Customer’s LNG. SABINE shall deliver at the Delivery Point a quantity of Gas that is,
less Retainage, equal (in MMBTU) to the quantity of LNG received by SABINE for Customer’s account at the Receipt Point, and which Gas shall satisfy the requirements set forth in Section 10.3. 

  

	 	(c)	Odorization. SABINE will deliver Gas from Customer’s Inventory at the Delivery Point in its natural state without the addition of any odorizing agent, and SABINE shall
not be obligated to add odorizing agents to any Gas unless required to do so by a Governmental Authority. SABINE does not assume any responsibility for Liabilities by reason of the fact that it has not odorized the Gas from Customer’s Inventory
prior to its delivery to Customer, except to the extent such liabilities arise from a failure to comply with the requirements of a Governmental Authority. 

  

 35 

	10.2	Customer’s Responsibility 

  

	 	(a)	Downstream Arrangements. Customer shall arrange for the transportation of Gas by Downstream Pipelines in order to meet its obligations to take redelivery of Gas in accordance
with the provisions of Section 3.4 at the rates nominated by it pursuant to Section 5.3. In this regard, Customer shall be solely responsible for making all necessary arrangements with third parties at or downstream of the Delivery Point
to enable SABINE to deliver Gas to Downstream Pipelines on a timely basis pursuant to the terms and conditions of this Agreement. Customer shall also be solely responsible for ensuring that all such arrangements are consistent with the terms and
conditions of this Agreement and shall require all relevant third parties to confirm to SABINE all of Customer’s nominations and scheduling of deliveries of Gas, such confirmation to be by telephone, electronic transmission, or other means
acceptable to SABINE and the Downstream Pipelines. Such third-party arrangements shall be timely communicated to, and coordinated with, SABINE, and SABINE shall have no liability whatsoever for any failure of any such third party to provide
downstream arrangements. The rules, guidelines, and policies of a Downstream Pipeline transporting or purchasing any Gas for or from Customer at the Delivery Point (as may be changed from time to time by the Downstream Pipeline) shall set forth,
among other things, the manner in which Gas from Customer’s Inventory is transported from the Delivery Point. Customer and SABINE recognize that the receipt and delivery on the Downstream Pipeline’s facilities of Gas shall be subject to
the operational procedures of such Downstream Pipeline. 

  

	 	(b)	Imbalance Charges. Customer shall use its reasonable efforts to avoid imposition of any scheduling fees, imbalance charges, cash out costs or similar costs, fees or damages
for imbalances (“Imbalance Charges”) imposed by any Downstream Pipeline. Customer shall indemnify and hold harmless SABINE, its Affiliates and their respective directors, officers and employees from all Liabilities arising out of,
incident to or resulting from any Imbalance Charges directly resulting from Customer’s acts or omissions. 

  

	 	(c)	Limitation. Customer shall ensure that its Gas transportation and sales arrangements are in compliance with all applicable laws and regulations. 

  

	10.3	Specifications and Measurement of Gas at the Delivery Point 

 Gas delivered to Customer at the Delivery Point shall be measured and tested in accordance with Annex II. SABINE shall ensure that all Gas delivered at the Delivery Point for Customer’s account shall conform to the following
specifications: 
  

	 	(a)	Gross Heating Value. Gas when delivered by SABINE to Customer shall have a Gross Heating Value of not less than 950 BTU per Standard Cubic Foot and not more than 1165 BTU per
Standard Cubic Foot. 

  

 36 

	 	(b)	Components 

  

	 	(i)	Gas when delivered by SABINE to Customer shall contain not less than eighty-two molecular percentage (82 MOL%) of methane (C1) and, for the components and substances listed below, such Gas shall not contain more than the following: 

  

	 	a.	Nitrogen (N2), 3 MOL%; 

  

	 	b.	Pentanes (C5) and heavier, 0.1 MOL%; 

  

	 	c.	Hydrogen sulfide (H2S), 0.25 grains per 100 Standard Cubic Feet; 

  

	 	d.	Total sulfur content, 5 grains per 100 Standard Cubic Feet; 

  

	 	e.	Oxygen (O2), 10 parts per million; 

  

	 	f.	Carbon dioxide (CO2), 2 MOL%; and 

  

	 	g.	Water (H2O), 7 pounds per one million Standard Cubic Feet. 

  

	 	(ii)	Gas when delivered by SABINE to Customer shall contain no active bacteria or bacterial agents (including sulfate reducing bacteria or acid producing bacteria) or other contaminants
or extraneous material. 

  

	 	(c)	Gas Delivery Pressure. Gas from Customer’s Inventory shall be delivered to the Delivery Point at the pressure necessary for the Gas to enter the system of the
appropriate Downstream Pipeline but no greater than the maximum lawful operating pressure of the Downstream Pipeline, provided, however, that such pressure shall not be required to be less than 1000 psig and shall not be required to be greater than
1440 psig and at a temperature of not less than 40° Fahrenheit. 

  

	10.4	Nonconforming Gas 

  

	 	(a)	Right to Reject. Unless SABINE has accepted Off-Spec LNG from Customer pursuant to Section 9.5, Customer shall have the right to reject Gas that does not conform to the
specifications set forth in Section 10.3 (“Nonconforming Gas”) if the failure of such Nonconforming Gas to satisfy such specifications would: (i) be grounds for an operator of a Downstream Pipeline or a Person under
contract with Customer to purchase such Gas (“Downstream Purchaser”) to reject such Nonconforming Gas; or (ii) otherwise materially and adversely affect Customer, in Customer’s reasonable opinion. 

 

	 	(b)	SABINE Indemnity. If Customer accepts delivery of Non-Conforming Gas which it would otherwise be entitled to reject, SABINE shall indemnify and hold harmless Customer, its
Affiliates and their respective directors, officers and employees from any and all Liabilities, including any of same attributable to claims of any Person (including Other Customers, a Downstream Pipeline, and a 

  

 37 

	 	  	Downstream Purchaser), which arise out of, are incident to, or result from the acceptance, handling, disposal or use of Non-Conforming Gas. If Customer accepts delivery of
Non-Conforming Gas which it would otherwise be entitled to reject, SABINE shall bear the financial responsibility for all reasonable and actual incremental costs (other than capital costs) and Liabilities incurred by Customer or any of
Customer’s Affiliates, in each case acting as a Reasonable and Prudent Operator, in connection with accepting delivery of Non-Conforming Gas. 

 ARTICLE 11 
 PAYMENT 
  

	11.1	Monthly Statements 

 Between the first
(1st) day of each month and the tenth (10th) day of each month, commencing with the month prior to the Commercial Start Date, SABINE shall deliver to Customer a statement setting forth the
following: 
  

	 	(a)	the Reservation Fee for the following month; 

  

	 	(b)	the Operating Fee for the following month; and 

  

	 	(c)	any charges under Section 4.2 and/or Section 8.9 for the prior month. 

  

	11.2	Other Statements 

 If any other moneys are due from
one Party to the other hereunder and if provision for the invoicing of that amount due is not made elsewhere in this Article 11, then the Party to whom such moneys are due shall furnish a statement therefore to the other Party, along with pertinent
information showing the basis for the calculation thereof. 
  

	11.3	Adjustments, Audit 

  

	 	(a)	General. If, within ninety (90) days of the issuance by SABINE of a statement, SABINE acquires information indicating the necessity of an adjustment to such statement
rendered hereunder, then SABINE shall promptly serve on Customer a written notice setting forth that information. Unless otherwise provided herein, after obtaining that information, SABINE shall promptly prepare and serve on Customer an adjusted
statement, showing the necessary payment, the calculation of the payment amount, and the Party from whom the payment is owed. In the event Customer issued a statement and subsequently acquires information indicating the necessity of an adjustment to
such statement, Customer shall follow the same procedure in issuing an adjusted statement. 

  

	 	(b)	Audit. Upon thirty (30) days written notice issued within six (6) months of the conclusion of any Contract Year, Customer shall have the right to cause an
internationally recognized firm of accountants, appointed by Customer at Customer’s sole expense, to audit the books, records and accounts of SABINE that are directly relevant to the determination of SABINE Taxes and New

  

 38 

 Regulatory Costs, LNG receipts and Gas deliveries for such prior Contract Year, as provided in statements
issued to Customer pursuant to this Article 11. Such audit shall be conducted at the head office of SABINE and shall be completed within the Contract Year in which Customer’s notice is sent to SABINE. If Customer obtains information indicating
the necessity of an adjustment to any statement rendered hereunder, then within ninety (90) days following completion of the audit pertaining to the affected Contract Year, Customer shall promptly serve on SABINE a statement pursuant to
Section 11.2 and written notice setting forth the information and basis for such statement. If Customer waives its right to conduct an audit, statements may be contested by Customer only if, within a period of ninety (90) days after the
end of the Contract Year, Customer serves on SABINE notice questioning their correctness. If no such notice is served, statements shall be deemed correct and accepted by both Parties. Promptly after resolution of any Dispute as to a statement, the
amount of any overpayment or underpayment (plus interest as provided in Section 11.4(c)) shall be paid by SABINE or Customer to the other, as the case may be. 
  

	 	(c)	Records. SABINE shall keep all books and records relevant to such audit for a period of three (3) years following the end of the relevant Contract Year; provided that
where SABINE is on notice of a Dispute, SABINE shall keep all such books, records, and other information until such Dispute has been finally resolved. 

  

	11.4	Payment Due Dates 

  

	 	(a)	Due Date for Payment of Monthly Statement. Each monthly statement submitted pursuant to Section 11.1 shall become due and payable on the later of: (i) ten
(10) days after delivery by SABINE of such monthly statement; or (ii) the twenty-fifth (25th) day of
the month in which such monthly statement was received; provided that if such day is not a Business Day, it shall become due and payable on the next Business Day. 

  

	 	(b)	Due Date for Payment of Other Statements. Each statement submitted pursuant to Section 11.2 shall become due and payable on the thirtieth (30th) day after the date on which it is received; provided that if such payment due date is not a Business Day, the due date
for such payment shall be extended to the next Business Day. For purposes of this Section 11.4(b), a facsimile copy of an invoice shall be deemed received by a Party on the next Business Day following the day on which it was sent.

  

	 	(c)	Interest. Except as provided in Section 11.4(d), if the full amount of any statement is not paid when due, the unpaid amount thereof shall bear interest at the Base
Rate, compounded annually, from and including the day following the due date up to and including the date when payment is made. 

  

	 	(d)	Recurring Late Payments. If three (3) monthly statements submitted pursuant to Section 11.1 in a Contract Year are not paid when due, then, in addition to the
remedies provided in Section 11.6 any late payment thereafter shall bear a charge 

  

 39 

 equal to two percent (2%) of the unpaid amount thereof in lieu of interest at the Base Rate as
provided in Section 11.4(c). 
  

	11.5	Payment 

 Each Party shall pay, or cause to be paid,
in United States dollars in immediately available funds, all amounts that become due and payable by such Party pursuant to any statement issued hereunder, to a bank account or accounts designated by and in accordance with instructions issued by the
other Party. Each payment of any amount owing hereunder shall be in the full amount due without reduction or offset for any reason (except as expressly allowed under this Agreement), including Taxes, exchange charges, or bank transfer charges.
Notwithstanding the preceding sentence, the paying Party shall not be responsible for a designated bank’s disbursement of amounts remitted to such bank, and a deposit in immediately available funds of the full amount of each statement with such
bank shall constitute full discharge and satisfaction of the statement. 
  

	11.6	Nonpayment 

 The term “Cumulative
Delinquency Amount” shall mean, with respect to a Party, the cumulative amount, expressed in United States dollars, that is owed by that Party to the other Party under this Agreement and is past due. Without prejudice to a Party’s
right of offset, if a Party’s failure to pay when due an amount owing hereunder causes its Cumulative Delinquency Amount to exceed three (3) times the Reservation Fee, then the Party to which such amount is owed shall have the right, upon
giving thirty (30) days written notice (such notice hereinafter referred to as the “Delinquency Notice”) to the owing Party, to suspend performance of its obligations under this Agreement until such amount, with interest in
accordance with Section 11.4(c), has been paid in full; provided, however, that: (a) no such suspension of a Party’s obligations under this Section 11.6 shall excuse the owing Party from the performance of its obligations
hereunder; and (b) in the event that SABINE suspends performance under this Section 11.6: (i) Customer shall continue to be liable for the Fee pursuant to Section 4.1; and (ii) SABINE may offer Customer’s unutilized
Services to the Other Customers. If any such Cumulative Delinquency Amount has not been paid within sixty (60) days after the issuance of the Delinquency Notice, then the Party to whom such amount is owed shall have the right, upon not less
than thirty (30) days notice to the other Party, to terminate this Agreement without the necessity of any further action, unless within that thirty (30) day period, the Party to which such amount is owed receives payments from or on behalf
of the owing Party equal to the Cumulative Delinquency Amount. Any such termination shall be without prejudice to any other rights and remedies of the terminating Party arising hereunder or by law or otherwise, including the right of such Party to
receive payment in respect of all obligations and claims that arose or accrued prior to such termination or by reason of such default by the owing Party. 
  

	11.7	Disputed Statements 

 In the event of disagreement
concerning any statement, Customer or SABINE (as the case may be) shall make provisional payment of the total amount thereof and shall 
  

 40 

 immediately notify the other Party of the reasons for such disagreement, except that in the case of an
obvious error in computation, Customer or SABINE (as the case may be) shall pay the correct amount disregarding such error. Subject to Section 11.3(b), statements may be contested by Customer or SABINE (as the case may be) only if, within a
period of ninety (90) days after a Party’s receipt thereof, Customer or SABINE (as the case may be) serves on the other Party notice questioning their correctness. If no such notice is served, statements shall be deemed correct and
accepted by both Parties. Promptly after resolution of any Dispute as to a statement, the amount of any overpayment or underpayment (plus interest as provided in Section 11.4(c)) shall be paid by SABINE or Customer to the other, as the case may
be. 
  

	11.8	Final Settlement 

 Within sixty (60) days after
expiration of the Term, SABINE and Customer shall determine the amount of any final reconciliation payment. After the amount of the final settlement has been determined, SABINE shall send a statement to Customer, or Customer shall send a statement
to SABINE, as the case may be, in United States dollars for amounts due under this Section 11.8, and SABINE or Customer, as the case may be, shall pay such final statement no later than twenty (20) days after the date of receipt thereof.

 ARTICLE 12 
 DUTIES,
TAXES AND OTHER GOVERNMENTAL CHARGES 
 Notwithstanding Section 4.2, Customer shall be responsible for and pay, or cause to be paid, all Taxes that
may be imposed or levied on Customer’s Inventory (including receipt or redelivery thereof) and the LNG Vessels including any sales and use taxes that may be imposed on the Services or on SABINE for providing the Services to Customer. Customer
shall reimburse and hold harmless SABINE for any such Taxes that may be required by law to be remitted by SABINE and shall pay such additional amount (including Taxes and corresponding interest at the Base Rate) as is necessary to ensure receipt by
SABINE of the full amounts otherwise due to it under this Agreement. Notwithstanding the foregoing, neither Party shall be responsible for Taxes on the capital, revenue or income derived by the other Party. If any Governmental Authority requires
Customer or SABINE to remit Taxes for which the other Party is responsible, the Party responsible for such Taxes shall promptly reimburse the other Party for such Taxes. Any Party entitled to an exemption from any such Taxes or charges shall furnish
the other Party any necessary documentation thereof. 
 ARTICLE 13 
 INSURANCE 
  

	13.1	SABINE’s Insurance 

 SABINE shall be
responsible for obtaining and maintaining insurance for the Sabine Pass Facility to the extent required by applicable law; and 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 shared use LNG 
  

 41 

 receiving and regasification terminal would obtain. SABINE shall obtain such insurance from a reputable
insurer (or insurers) reasonably believed to have adequate financial reserves. SABINE shall exercise its best efforts to collect any amount due to SABINE under such insurance policies. Any insurance policy required pursuant to this Section 13.1
shall contain a standard waiver of subrogation endorsement. In the event of a casualty that destroys or materially impairs the Sabine Pass Facility, SABINE, upon consent of Lenders, shall be required to utilize such insurance proceeds to cause the
facility to be rebuilt or repaired as quickly as commercially practicable. Upon request of Customer, SABINE shall provide to Customer satisfactory evidence that the insurance required pursuant to this Section 13.1 is in effect. In any event
SABINE shall be required to obtain the following insurance coverages: 
  

	 	(a)	Commercial General Liability Insurance / Marine Terminal Operator’s Liability Insurance; 

  

	 	(b)	Workers’ Compensation / Employer’s Liability; 

  

	 	(c)	All-Risk Property Insurance; and 

  

	 	(d)	Wharfingers Liability Insurance. 

 In addition, during
construction of the Sabine Pass Facility, SABINE shall cause the contractor under the engineering, procurement and construction contract to carry an appropriate level of insurance, including Construction All-Risk Insurance. 
  

	13.2	Customer’s Insurance 

  

	 	(a)	Loss of Product Insurance. Customer acknowledges that SABINE shall not at any time be responsible for securing or maintaining loss of product insurance covering the risk of
loss of Customer’s Inventory and that Customer shall be responsible for insuring against such risk. If Customer elects to obtain loss of product insurance that insures the physical damage or loss of Customer’s Inventory, SABINE shall, upon
request of Customer, provide Customer all documents and information reasonably necessary to enable Customer to obtain such loss of product insurance. 

  

	 	(b)	LNG Vessel Insurance. Customer shall ensure that insurances are procured and maintained for each LNG Vessel 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 Vessel. In this regard: 

  

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

  

	 	(ii)	Protection & Indemnity Insurance (“P&I Insurance”) shall be placed and maintained as an unlimited entry, if such entry is available, with, and

  

 42 

 subject to, and on the basis of, the rules of any of the reputable international P&I insurance
associations experienced in providing P&I Insurance for LNG vessels. 
  

	 	(c)	Evidence of Insurance. Prior to the commencement of deliveries to the Sabine Pass Facility and thereafter at least once each Contract Year, Customer shall furnish the
following evidence of insurance to SABINE in relation to each LNG Vessel: cover notes, certificates of entry, the latest rules of the particular provider, and detailed written information concerning all required insurance policies. These policies
shall provide SABINE with thirty (30) days prior written notice of any cancellation, material change or alteration in coverage. These policies shall also contain a waiver of subrogation clause and name SABINE as an additional insured. The
receipt of such information shall not impose any obligation on SABINE. 

  

	13.3	Port Liability Agreement 

 Notwithstanding any other
provision of this Agreement and any rights that a Transporter may have under applicable law, each of SABINE and Customer agree to the Port Liability Agreement set forth in Exhibit B in relation to Liabilities for incidents involving an LNG Vessel
occurring at the Sabine Pass Facility. Customer shall cause Transporter to execute the Port Liability Agreement in the form set forth on Exhibit B prior to Transporter’s LNG Vessel’s arrival at the Sabine Pass Facility. In the event a
Transporter fails to execute such Port Liability Agreement, Customer shall indemnify and hold SABINE harmless from any Liabilities incurred by SABINE arising from such failure. 
 ARTICLE 14 
 LIABILITIES 
  

	14.1	Limitation of Liability of SABINE 

 In no case shall
the liability of SABINE to Customer arising out of, relating to, or connected with an Event under this Agreement exceed three (3) times the Reservation Fee; provided, however, that the foregoing limitation shall not apply to Liabilities caused
by the Gross Negligence/Willful Misconduct of SABINE. 
 For purposes of this Section 14.1, an “Event” means any
occurrence or series of occurrences having the same origin, and “Gross Negligence/Willful Misconduct” means any act or failure to act (whether sole, joint or concurrent) by SABINE which was intended to cause, or which was in
reckless disregard of or wanton indifference to, harmful consequences SABINE knew, or should have known, such act or failure would have on the safety or property of another Person. 
  

 43 

	14.2	Consequential Loss or Damage 

 Notwithstanding any
other provision of this Agreement to the contrary, no Party shall be liable to the other Party for or in respect of: 
  

	 	(a)	any consequential loss or damage, including loss of profits or business interruption; or 

  

	 	(b)	any special, incidental or punitive damages 

 suffered or
incurred by the other Party or any Person resulting from breach of or failure to perform this Agreement or the breach of any representation or warranty hereunder, whether express or implied, and whether such damages are claimed under breach of
warranty, breach of contract, tort, or other theory or cause of action at law or in equity, except to the extent such damages have been awarded to a third party and are subject to allocation between or among the parties to the Dispute. For purposes
of this Agreement, any amounts payable by Customer to its Gas purchasers or Gas suppliers for replacement Gas or other similar Liabilities shall be deemed to be a consequential loss or damage. 
  

	14.3	Parties’ Liability 

 Customer’s sole
recourse and remedy under this Agreement for a breach hereof or a default hereunder shall be against SABINE and its assets. Except as otherwise provided herein, SABINE’s sole recourse and remedy under this Agreement shall be against Customer
and its assets for a breach hereof or a default hereunder. In the event of a breach of this Agreement, the non-breaching Party shall exercise commercially reasonable efforts to mitigate its damages resulting therefrom. 
 ARTICLE 15 
 FORCE MAJEURE

  

	15.1	Events of Force Majeure 

 Neither Party shall be
liable to the other for any delay or failure in performance hereunder if and to the extent such delay or failure is a result of Force Majeure. Subject to the provisions of this Article 15, the term “Force Majeure” shall mean any
cause not within the control of the Party claiming suspension, and which by the exercise of due diligence, such Party has been unable to prevent or overcome, including without limitation acts of God, the government, or a public enemy: strikes,
lockout, or other industrial disturbances; wars, blockades or civil disturbances of any kind; epidemics, Adverse Weather Conditions, fires, explosions, arrests and restraints of governments or people; freezing of, breakage or accident to, or the
necessity for making repairs or alterations to tanks, machinery or lines of pipe, and unplanned outages of the Sabine Pass Facility. Nothing in this Article 15 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. 
  

 44 

	15.2	Limitation on Scope of Force Majeure for Customer 

 Notwithstanding Section 15.1 of this Agreement, no Force Majeure shall relieve, suspend, or otherwise excuse Customer from performing any obligation to indemnify, reimburse, hold harmless or otherwise pay SABINE under this Agreement,
including the obligations set forth in Clause C, Sections 3.4, 4.1, 7.3, 8.9, 9.2, 9.5, 10.2 and Article 4, Article 11, Article 12 and Article 20. 
  

	15.3	Notice 

 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 SABINE or Customer, in whole or in part, of any of its obligations hereunder, 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: 
  

	 	(a)	the estimated period during which performance may be prevented, interfered with or delayed, including, to the extent known or ascertainable, the estimated extent of such reduction
in performance; 

  

	 	(b)	the particulars of the program to be implemented to resume normal performance hereunder; 

  

	 	(c)	the anticipated portion of the Services for a Contract Year that will not be made available or received, as the case may be, by reason of Force Majeure; and

  

	 	(d)	where Section 15.7 applies, the quantity of Services that SABINE reasonably expects to allocate to Customer. 

 Such notices shall thereafter be updated at least monthly during the period of such claimed Force Majeure specifying the actions being taken to remedy the
circumstances causing such Force Majeure. 
  

	15.4	Measures 

 In order to resume normal performance of
this Agreement within the shortest time practicable, the Party affected by the Force Majeure shall take all measures to this end which are commercially reasonable under the circumstances, taking into account the consequences resulting from such
event of Force Majeure. 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. 
  

	15.5	No Extension of Term 

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

 45 

	15.6	Settlement of Industrial Disturbances 

 Settlement
of strikes, lockouts, or other industrial disturbances shall be entirely within the discretion of the Party experiencing such situations, and nothing herein shall require such Party to settle industrial disputes by yielding to demands made on it
when it considers such action inadvisable. 
  

	15.7	Allocation of Services 

 If, as a result of an event
of Force Majeure, SABINE is unable to meet its contractual obligations to Customer and any Other Customers under LNG terminal use agreements, SABINE shall allocate the available capability of the Sabine Pass Facility to perform activities similar to
the Services to Customer and Other Customers in a reasonable manner based on the ratio that the Maximum LNG Reception Quantity bears to the Aggregate Contracted Capacity for the remainder of such Contract Year. 
 ARTICLE 16 
 CURTAILMENT OF SERVICES

 OR TEMPORARY DISCONTINUATION OF SERVICES 
  

	16.1	Scheduled Curtailment or Temporary Discontinuation of Services 

 To the extent that SABINE has notified Customer under Section 5.1(a) in connection with the preparation of the Annual Delivery Program of maintenance to or modification of the Sabine Pass Facility, SABINE shall,
in addition to the rights set forth in Section 16.2, have the right during any Contract Year to curtail or temporarily discontinue the Services, in whole or in part due to such maintenance or modification. During the period of such curtailment
or temporary discontinuation of Services, SABINE shall, from time to time, use reasonable endeavors to update Customer on the expected progress towards completing the maintenance or modification, whichever applicable. For purposes of this
Section 16.1, a curtailment of or temporary discontinuation of Services shall mean any curtailment or temporary discontinuation lasting no more than three (3) consecutive days. Notwithstanding the foregoing, SABINE agrees that, for
purposes of this Section 16.1, neither a curtailment nor a temporary discontinuation of Services pursuant to this Section shall reduce SABINE’s obligations to provide Services for Customer’s LNG in a quantity up to the Maximum LNG
Reception Quantity. 
  

	16.2	Unscheduled Curtailment or Temporary Discontinuation of Services 

 SABINE shall have the right to curtail or temporarily discontinue the Services, in whole or in part, at any time in order to: (a) repair the Sabine Pass Facility or (b) protect persons and property,
including the Sabine Pass Facility, from harm or damage due to operational or safety conditions. SABINE shall use reasonable endeavors to provide Customer such notice of curtailment or temporary discontinuation as is reasonable under the
circumstances, and such notice may be issued for a specific period of time or until further notice is given. If, as a result of any unscheduled curtailment or temporary discontinuation of Services pursuant to this Section 16.2, SABINE is unable
to meet its 
  

 46 

 contractual obligations to Customer and any Other Customers under LNG terminal use agreements, SABINE
shall allocate the available capability of the Sabine Pass Facility to perform activities similar to the Services to Customer and Other Customers in a reasonable manner based on the ratio that the Maximum LNG Reception Quantity bears to the
Aggregate Contracted Capacity for the remainder of such Contract Year. If a curtailment or temporary discontinuation of Services occurs under this Section 16.2, SABINE may direct Customer to adjust receipts of LNG and deliveries of Gas from
Customer’s Inventory as the case may be; provided that SABINE shall use commercially reasonable efforts to implement such curtailment or discontinuance of Services among Customer and Other Customers as equitably as reasonably practicable under
the circumstances. Notwithstanding the foregoing, SABINE shall have no responsibility to inform Transporters, LNG Vessels, Downstream Pipelines, LNG Suppliers, or any other Persons involved in the transaction as to such curtailment or temporary
discontinuation of Services. 
 ARTICLE 17 
 ASSIGNMENT 
  

	17.1	Restrictions on Assignment 

  

	 	(a)	Consent of Other Party Required. Except as otherwise provided in this Article 17, neither this Agreement nor any rights or obligations hereunder may be assigned by any Party
without the prior written consent of the other Party, which consent shall not be unreasonably withheld. 

  

	 	(b)	Obligation of Assignee. If consent is granted pursuant to Section 17.1(a) or in the case of an assignment permitted under Section 17.2 (other than
Section 17.2(c) or 17.2(d)), the assignee to such assignment must, as a condition to such assignment, deliver to the non-assigning Party its written undertaking to be bound by and perform all obligations of the assignor under this Agreement.

  

	 	(c)	Certain Restrictions 

 Notwithstanding anything to
the contrary contained herein, (i) this Agreement shall not be assignable by Customer, in whole or in part, prior to the first business day after the occurrence of the Commercial Start Date as defined in the Existing Customer Agreement with
TOTAL LNG USA, Inc.); (ii) no assignment shall be authorized hereunder that triggers or is likely to trigger the provisions of article 13 of that certain Omnibus Agreement between TOTAL LNG USA, Inc. and SABINE dated September 2, 2004; and
(iii) no assignment by Customer other than to an Affiliate, including an assignment of all rights and obligations, shall include the rights set forth in Section 25.18 and Section 25.19, which rights shall remain with Customer
following any such assignment. 
  

	17.2	Permitted Assignments 

  

 47 

	 	(a)	Affiliates of SABINE. Notwithstanding the provisions of Section 17.1, SABINE may freely assign all of its rights and obligations under this Agreement to an Affiliate,
upon notice to, but without requiring the consent of, Customer. 

  

	 	(b)	Affiliates of Customer. Subject to the provisions of Section 17.1(c), and notwithstanding the provisions of Section 17.1(a), Customer may freely assign all of its
rights and obligations under this Agreement to an Affiliate upon notice to, but without requiring the consent of, SABINE. 

  

	 	(c)	Financing. Notwithstanding the provisions of Section 17.1, SABINE shall be entitled to assign, mortgage, or pledge all or any of its rights, interests, and benefits
hereunder to secure payment of any indebtedness incurred or to be incurred in connection with the construction and term financing of the Sabine Pass Facility. Customer shall provide to the Lenders to whom such indebtedness is owed a consent to
assignment or similar document in form and substance customary for similar financing transactions and agreed by such Lenders and Customer. Moreover, Customer agrees to enter into customary direct agreements with such Lenders in form and substance
customary for similar financing transactions and agreed by such Lenders and Customer covering matters that are customary in project financings of this type, including Lender assignments or security rights with respect to this Agreement (appended
hereto as Exhibit C), direct notices to Lenders and Lenders step-in/step-out rights; provided, however, in no event shall Customer be required to agree to any amendment to this Agreement or to provide (or cause to be provided) any guaranty or
similar commitment in favor of Lenders, or any other Person. No assignment under this Section 17.2(c) shall serve as a novation to this Agreement. 

  

	 	(d)	Partial Assignments. Subject to the provisions of Section 17.1(c), Customer may assign a portion of the Services it is entitled to hereunder (a “Partial
Assignment”) for any period of time up to and including the remainder of the Term, or all of its entitlements for a period of time that is less than the remaining Term, upon notice but without the prior consent of SABINE, to one or more
assignees, provided that; and: 

  

	 	(i)	Customer and all assignees designate one of them, or a third party, to act on behalf of Customer and all assignees as Scheduling Representative for purposes of giving and receiving
all notices, statements and other communications from or to Customer and exercising all rights of Customer under this Agreement (including all rights under Clause A, Sections 2.3, 3.5, 8.2, 10.2, 11.3, 18.1, 20.1, and 20.2) jointly, without delay or
hindrance to each Party’s performance of this Agreement; and 

  

	 	(ii)	no Partial Assignment shall reduce the responsibility of Customer or SABINE in respect of the Services or increase SABINE’s responsibilities to Customer and the assignees under
this Agreement. Customer shall remain liable for all payments due under this Agreement and SABINE shall continue to send all statements required under Article 11 to 

  

 48 

 Customer. Customer shall indemnify and hold SABINE harmless from any Liabilities incurred by SABINE
arising from a failure by Customer and all assignees to designate a Scheduling Representative under Section 17.2(d)(i) above. 
  

	17.3	Assignment as Novation 

  

	 	(a)	Except as provided in Section 17.2(b), an assignment under this Article 17 of all, but not less than all, of Customer’s or SABINE’s rights and obligations under this
Agreement for the remaining Term of the Agreement shall not serve as a novation of this Agreement unless and until, but shall serve as a novation if: 

  

	 	(i)	the assignee delivers to the non-assigning Party its written undertaking to be bound by and perform all obligations of the assignor (including the assumption of all liabilities of
the assignor from the Effective Date through the date of such assignment) under this Agreement, as if it were the assignor; and 

  

	 	(ii)	in the case of Customer, assignee having demonstrated to SABINE that its creditworthiness (including credit support from an irrevocable letter of credit, a parent guarantee or other
security) at the time of the assignment is reasonably acceptable to SABINE. For the purposes of the preceding sentence, the creditworthiness at the time of the assignment of the proposed assignee shall be deemed acceptable to SABINE if: (i) the
credit rating of such assignee is at such time equivalent to or better than no less than two of the following three ratings: “A3” by Moody’s Investor Service, “A-” by Standard and Poor’s and “A-” by Fitch
Ratings; and (ii) the minimum market capitalization of such assignee is three billion five hundred million U.S. dollars ($3,500,000,000); or 

  

	 	(iii)	in the case of SABINE, assignee having demonstrated to Customer that: 

  

	 	a.	its creditworthiness at the time of the assignment is the same or better than the creditworthiness of SABINE; and 

  

	 	b.	it has succeeded to substantially all of the assets comprising the Sabine Pass Facility and is willing and able to make available the Services to Customer. 

 

	 	(b)	In the event of a novation, the assignee shall be deemed to be a Party to this Agreement for all purposes with respect to rights and obligations pertaining to operations hereunder
from and after the effective date of the assignment and the assignor shall be relieved of all rights and obligations hereunder from and after the effective date of the assignment. 

  

 49 

 ARTICLE 18 
 TERMINATION 
  

	18.1	Early Termination Events 

  

	 	(a)	Termination by Customer. Customer may terminate this Agreement pursuant to the other provisions of this Article 18, if: 

  

	 	(i)	SABINE has declared Force Majeure with respect to a period that is either projected by SABINE to extend for eighteen (18) months or has in fact extended eighteen
(18) months; 

  

	 	(ii)	From and after the Commercial Start Date, for reasons not excused by Force Majeure or Customer’s actions: 

  

	 	a.	SABINE failed to deliver to the Delivery Point an amount aggregating to 201,972,750 MMBTUs or more of Customer’s total Gas nominations in a twelve (12) month period;

  

	 	b.	SABINE has failed entirely to receive for Customer’s account at least seventeen (17) Cargoes, nominated by Customer, over a period of ninety (90) consecutive days; or

  

	 	c.	SABINE failed to unload at the Receipt Point, or has notified Customer that it would be unable to unload, the aggregate of fifty three (53) Cargoes or more scheduled in the
Customer LNG Receipt Schedule for a twelve (12) month period. 

  

	 	(b)	Termination by SABINE. SABINE may terminate this Agreement pursuant to the other provisions of this Article 18 if Customer passes a resolution, commences proceedings or has
proceedings commenced against it (which are not stayed within sixty (60) days of service thereof) in the nature of bankruptcy or reorganization resulting from insolvency or for its liquidation of, or the appointment of a receiver, trustee in
bankruptcy or liquidator of, its undertaking or assets. 

  

	 	(c)	Notice. SABINE or Customer, as the case may be, shall give notice of its exercise of any termination right hereunder to the other Party. 

  

	 	(d)	Cure. At any time after the expiration of a period of thirty (30) days after the terminating Party gives notice of termination pursuant to Section 18.1(c),
such Party may terminate this Agreement with immediate effect by giving notice of such termination; provided, however, that the terminating Party may not terminate this Agreement if the circumstances giving rise to such termination right have been
fully remedied or have ceased to apply. 

  

	18.2	Other Termination Provisions 

 This Agreement is
also subject to the termination provisions provided in Section 11.6. 
  

 50 

	18.3	Consequences of Termination 

 Termination of this
Agreement under this Article 18 or any other provision of this Agreement shall be without prejudice to any other rights and remedies of either Party arising hereunder or by law or otherwise which arose or accrued prior to or as a result of such
termination or by reason of default of either Party, provided, however, that in no event shall Customer be entitled to recover damages or pursue any other remedy against SABINE in relation to Services which would have been performed by SABINE after
the date of termination by Customer. 
 ARTICLE 19 
 APPLICABLE LAW 
 The substantive laws of the State of New York, United States of America, exclusive of any conflicts
of laws principles that could require the application of any other law, shall govern this Agreement for all purposes, including the resolution of all Disputes between or among the Parties. 
 ARTICLE 20 
 DISPUTE RESOLUTION 
  

	20.1	Dispute Resolution 

  

	 	(a)	Arbitration. Any Dispute (other than a Dispute regarding measurement under Annex I or Annex II) 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 disputes. 

  

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

  

	 	(c)	Number of Arbitrators. The arbitral tribunal (“Tribunal”) shall consist of three (3) arbitrators, who shall endeavor to complete the final hearing in
the arbitration within six (6) months after the appointment of the last arbitrator. 

  

	 	(d)	Method of Appointment of the Arbitrators. If there are only two (2) parties to the Dispute, then each party to the Dispute shall appoint one (1) arbitrator within
thirty (30) days of the filing of the arbitration, and the two arbitrators so appointed shall select the presiding arbitrator within thirty (30) days after the latter of the two arbitrators has been appointed by the parties to the Dispute.
If a party to the Dispute fails to appoint its Party-appointed arbitrator or if the two Party-appointed arbitrators cannot reach an agreement on the presiding arbitrator within the applicable time period, then the AAA shall serve as the appointing
authority and shall appoint the remainder of the three arbitrators not yet appointed. If the arbitration is to be conducted by three arbitrators and there are more than two parties to the Dispute, then within thirty (30) days of the filing of
the arbitration, 

  

 51 

 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 Article 20: (i) Customer and all persons whose interest in this Agreement derives from them shall be considered as one Party; and (ii) SABINE and all persons whose interest in this Agreement derives from SABINE 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 as the appointing authority shall make the prescribed appointment. 
  

	 	(e)	Consolidation. If the Parties initiate multiple arbitration proceedings under this Agreement, the subject matters of which are related by common questions of law or fact and
which could result in conflicting awards or obligations, then either Party may request prior to the appointment of the arbitrators for such multiple or subsequent disputes that all such proceedings be consolidated into a single arbitral proceeding.
Such request shall be directed to the AAA, which shall consolidate appropriate proceedings into a single proceeding unless consolidation would result in undue delay for the arbitration of the Disputes. 

  

	 	(f)	Place of Arbitration. Unless otherwise agreed by all parties to the Dispute, the place of arbitration shall be Houston, Texas. 

  

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

  

	 	(h)	Entry of Judgment. The award of the arbitral tribunal shall be final and binding. Judgment on the award of the arbitral tribunal may be entered and enforced by any court of
competent jurisdiction. The Parties agree that service of process for any action to enforce an award may be accomplished according to the procedures of Article 23, as well as any other procedure authorized by law. 

  

	 	(i)	Notice. All notices required for any arbitration proceeding shall be deemed properly given if given in accordance with Article 23. 

  

	 	(j)	Qualifications and Conduct of the Arbitrators. All arbitrators shall be and remain at all times wholly impartial, and, once appointed, no arbitrator shall have any ex
parte communications with any of the parties to the Dispute concerning the arbitration or the underlying Dispute other than communications directly concerning the selection of the presiding arbitrator, where applicable. 

 

	 	(k)	Interim Measures. Any party to the Dispute may apply to a court in Harris County, Texas for interim measures: (i) prior to the constitution of the arbitral tribunal (and
thereafter as necessary to enforce the arbitral tribunal’s rulings); or (ii) in the absence of the jurisdiction of the arbitral tribunal to rule on interim 

  

 52 

 measures in a given jurisdiction. The Parties agree that seeking and obtaining such interim measures
shall not waive the right to arbitration. The arbitrators (or in an emergency the presiding arbitrator acting alone in the event one or more of the other arbitrators is unable to be involved in a timely fashion) may grant interim measures including
injunctions, attachments and conservation orders in appropriate circumstances, which measures may be immediately enforced by court order. Hearings on requests for interim measures may be held in person, by telephone, by video conference or by other
means that permit the parties to the Dispute to present evidence and arguments. 
  

	 	(l)	Costs and Attorneys’ Fees. The arbitral tribunal is authorized to award costs of the arbitration in its award, including: (i) the fees and expenses of the
arbitrators; (ii) the costs of assistance required by the tribunal, including its experts; (iii) the fees and expenses of the administrator; (iv) the reasonable costs for legal representation of a successful Party; and (v) any
such costs incurred in connection with an application for interim or emergency relief and to allocate those costs between the parties to the Dispute. The costs of the arbitration proceedings, including attorneys’ fees, shall be borne in the
manner determined by the arbitral tribunal. 

  

	 	(m)	Interest. The award shall include pre-award and post-award interest, as determined by the arbitral award, from the date of any default or other breach of this Agreement until
the arbitral award is paid in full. Interest shall accrue at the Base Rate. 

  

	 	(n)	Currency of Award. The arbitral award shall be made and payable in United States dollars, free of any tax or other deduction. 

  

	 	(o)	Waiver of Challenge to Decision or Award. To the extent permitted by law, the Parties hereby waive any right to appeal from or challenge any arbitral decision or award, or to
oppose enforcement of any such decision or award before a court or any governmental authority, except with respect to the limited grounds for modification or non-enforcement provided by any applicable arbitration statute or treaty.

  

	 	(p)	Confidentiality. Any arbitration or expert determination relating to a Dispute (including a settlement resulting from an arbitral award, documents exchanged or produced
during an arbitration proceeding, and memorials, briefs or other documents prepared for the arbitration) shall be confidential and may not be disclosed by the Parties, their employees, officers, directors, counsel, consultants, and expert witnesses,
except (in accordance with Article 21) to the extent necessary to enforce this Section 20.1 or any arbitration award, to enforce other rights of a party to the Dispute, or as required by law; provided, however, that breach of this
confidentiality provision shall not void any settlement, expert determination or award. 

  

 53 

	20.2	Expert Determination 

  

	 	(a)	General. In the event of any disagreement between the Parties regarding a measurement under Annex I or Annex II (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. The expert is not an arbitrator of the Measurement Dispute and shall not be deemed to be acting in an arbitral capacity. The Party
desiring an expert determination shall give the other Party to the Measurement Dispute notice of the request for such determination. If the Parties to the Measurement Dispute are unable to agree upon an expert within ten (10) days after receipt
of the notice of request for an expert determination, then, upon the request of any of the Parties to the Measurement Dispute, the International Centre for Expertise of the International Chamber of Commerce 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 any of the Parties to
the Measurement Dispute concerning the expert determination or the underlying Measurement Dispute. The Parties to the Measurement Dispute shall cooperate fully in the expeditious conduct of such expert determination and provide the expert with
access to all facilities, books, records, documents, information and personnel necessary to make a fully informed decision in an expeditious manner. Before issuing a final decision, the expert shall issue a draft report and allow the Parties to the
Measurement Dispute to comment on it. The expert shall endeavor to resolve the Measurement Dispute within thirty (30) days (but no later than sixty (60) days) after his appointment, taking into account the circumstances requiring an
expeditious resolution of the matter in dispute. 

  

	 	(b)	Final and Binding. The expert’s decision shall be final and binding on the Parties to the Measurement Dispute unless challenged in an arbitration pursuant to
Section 20.1 within thirty (30) days of the date the expert’s decision. If challenged: (i) the decision shall remain binding and be implemented unless and until finally replaced by an award of the arbitrators; (ii) the
decision shall be entitled to a rebuttable presumption of correctness; and (iii) the expert shall not be appointed in the arbitration as an arbitrator or as advisor to either Party without the written consent of both Parties.

  

	 	(c)	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 Annex I or Annex II, then either Party may elect to refer the entire Measurement Dispute for arbitration under Section 20.1. 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. 

  

 54 

 ARTICLE 21 
 CONFIDENTIALITY 
  

	21.1	Confidentiality Obligation 

 Neither this Agreement
nor information or documents that come into the possession of a Party by means of the other Party in connection with the performance of this Agreement may be used or communicated to Persons (other than the Parties) without the mutual written
agreement of the Parties, except that either Party shall have the right to disclose such information or documents without obtaining the other Party’s prior consent in any of the situations described below: 
  

	 	(a)	accountants, other professional consultants or underwriters, provided such disclosure is solely to assist the purpose for which the aforesaid were so engaged and further provided
that such Persons agree to hold such information or documents under terms of confidentiality equivalent to this Section 21.1, and for the benefit of the Parties; 

  

	 	(b)	Lenders and other providers or prospective providers of finance to SABINE in relation to the Sabine Pass Facility, provided that such Persons agree to hold such information or
documents confidential, and for the benefit of the Parties, for a period of at least three (3) years (excepting information in connection with the Fee, which shall be held confidential during the Term); 

  

	 	(c)	bona fide prospective purchasers of all or a part of a Party’s or its Affiliate’s business, and bona fide prospective assignees of all or part of a Party’s interest
in this Agreement, provided that such Persons agree to hold such information or documents under terms of confidentiality equivalent to this Section 21.1, and for the benefit of the Parties; 

  

	 	(d)	to legal counsel, provided such disclosure is solely to assist the purpose for which the aforesaid were so engaged; 

  

	 	(e)	if required by any court of law or any law, rule, or regulation, or if requested by a Governmental Authority (including the United States Securities and Exchange Commission) having
or asserting jurisdiction over a Party and having or asserting authority to require such disclosure in accordance with that authority, or pursuant to the rules of any recognized stock exchange or agency established in connection therewith;

  

	 	(f)	to prospective assignees permitted under Article 17, to prospective and actual LNG Suppliers and to any prospective and actual purchasers under the Customer’s Gas sales
contracts from Customer’s Inventory, in each case only to the extent required for the execution and/or administration of such contracts; 

  

	 	(g)	to its Affiliates, its shareholders and partners, or its shareholders’ and partners’ Affiliates, provided that such recipient entity has a bona fide business need for

  

 55 

 such information and agrees to hold such information or documents under terms of confidentiality
equivalent to this Section 21.1; 
  

	 	(h)	to any Government Authorities to the extent such disclosure assists SABINE and Customer in obtaining Approvals; 

  

	 	(i)	to an expert in connection with the resolution of a Dispute pursuant to Section 20.2 or to an arbitration tribunal in connection with the resolution of a Dispute under
Section 20.1; and 

  

	 	(j)	to the extent any such information or document has entered the public domain other than through the fault or negligence of the Party making the disclosure. 

Notwithstanding the foregoing, Customer acknowledges and agrees that certain providers of finance to SABINE as well as SABINE’s shareholders and
partners may disclose this Agreement and information or documents disclosed pursuant to this Section 21.1 if required by any court of law or any law, rule, or regulation, or if requested by a Governmental Authority having or asserting
jurisdiction over such Persons and having or asserting authority to require such disclosure in accordance with that authority, or pursuant to the rules of any recognized stock exchange or agency established in connection therewith. 
  

	21.2	Public Announcements 

  

	 	(a)	General. Neither Party may issue or make any public announcement, press release or statement regarding this Agreement unless, prior to the release of the public announcement,
press release or statement, such Party furnishes the other Party with a copy of such announcement, press release or statement, and obtains the approval of the other Party, such approval not to be unreasonably withheld; provided that, notwithstanding
any failure to obtain such approval, no Party shall be prohibited from issuing or making any such public announcement, press release or statement if in the sole discretion of the disclosing Party it is deemed appropriate to do so in order to comply
with the applicable laws, rules or regulations of any Governmental Authority, legal proceedings or stock exchange having jurisdiction over such Party. 

  

	 	(b)	Promotional Materials. Notwithstanding any provision in Section 21.2(a) to the contrary, either Party may, with the consent of the other Party not to be unreasonably
withheld, use the following in external announcements and publications: (i) information concerning the signing of this Agreement; (ii) the general nature of the Services; and (iii) the general nature of Customer’s involvement in
the Sabine Pass Facility project. 

  

 56 

 ARTICLE 22 
 REPRESENTATIONS AND WARRANTIES 
  

	22.1	Representations and Warranties of Customer 

 As of
the date hereof and until the expiration of this Agreement, Customer represents, undertakes and warrants that: 
  

	 	(a)	Customer is and shall remain duly formed and in good standing under the laws of Delaware and duly qualified to do business in the State of Louisiana; 

  

	 	(b)	Customer has the requisite power, authority and legal right to execute and deliver, and to perform its obligations under, this Agreement; 

  

	 	(c)	Customer 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 Customer or any of its Affiliates could be liable; and 

  

	 	(d)	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 Customer’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 Customer is a party. 

  

	22.2	Representations and Warranties of SABINE 

 As of the
date hereof and until the expiration of this Agreement, SABINE represents, undertakes and warrants that: 
  

	 	(a)	SABINE is and shall remain duly formed and in good standing under the laws of the State of Delaware and duly qualified to do business in the State of Louisiana;

  

	 	(b)	SABINE has the requisite power, authority and legal right to execute and deliver, and to perform its obligations under this Agreement; 

  

	 	(c)	SABINE 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 Customer or any of its Affiliates could be liable; and 

  

	 	(d)	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 SABINE’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 SABINE is a party. 

  

 57 

 ARTICLE 23 
 NOTICES 
 Except as otherwise specifically provided, all notices authorized or required between the Parties by any of
the provisions of this Agreement shall be in writing (in English) and delivered in person or by courier service or by any electronic means of transmitting written communications which provides written confirmation of complete transmission, and
addressed to such Party. Oral communication does not constitute notice for purposes of this Agreement, and e-mail addresses and telephone numbers for the Parties are listed as a matter of convenience only. The foregoing notwithstanding, notices
given from LNG Vessels at sea may be given by radio, and notices required under Article 5 may be given by e-mail. A notice given under any provision of this Agreement shall be deemed delivered only when received by the Party to whom such notice is
directed, and the time for such Party to deliver any notice in response to such originating notice shall run from the date the originating notice is received. “Received” for purposes of this Article 23 shall mean actual delivery of
the notice, or delivery of the notice to the address of the Party specified in Clause D or, in the event notice was given by radio from an LNG Vessel at sea, actual receipt of the communication by radio, or to be thereafter notified in accordance
with this Article 23. Each Party shall have the right to change its address at any time and/or designate that copies of all such notices be directed to another Person at another address by giving written notice thereof to the other Party.

 ARTICLE 24 
 COORDINATION 
  

	24.1	Terminal Operations Coordination Committee 

  

	 	(a)	Establishment of Terminal Operations Coordination Committee. Not later than ninety (90) days following the execution of this Agreement, the Parties shall form a joint
coordination committee (“Terminal Operations Coordination Committee”) to serve as a forum for the Parties to coordinate and consult regarding the provisions of Sections 24.2 and 24.3. 

  

	 	(b)	Representatives. The Terminal Operations Coordination Committee shall be comprised of such equal number of representatives from each of Customer and SABINE as the Parties may
agree from time to time. 

  

	 	(c)	Limitation of Authority. Notwithstanding anything herein to the contrary in this Section 24.1, the Terminal Operations Coordination Committee shall have no
authority to bind or make agreements on behalf of Customer or SABINE or to issue instructions to or direct or exercise authority over Customer or SABINE or any of their respective officers, employees, advisors or agents or to waive or modify any
provision hereof. 

  

	 	(d)	Expenses. Each Party shall bear all costs and expenses incurred its respective representatives to the Terminal Operations Coordination Committee shall be borne by SABINE.

  

 58 

	24.2	Coordination Prior to Commercial Start Date 

  

	 	(a)	Terminal Operations Coordination Committee Meetings. The Terminal Operations Coordination Committee shall meet: (i) within six (6) months following the execution of
this Agreement and thereafter on a frequency of no more than a quarterly basis until the Commercial Start Date; and (ii) upon request of either Party upon at least fifteen (15) days prior notice (or such shorter time as the Parties may
agree), which notice shall include an agenda for the proposed meeting and any appropriate supporting documentation. Such meetings shall be held at such place as the Parties may agree from time to time. At such meetings, the Terminal Operations
Coordination Committee shall coordinate the Parties’ activities with respect to the performance of the Parties prior to the Commercial Start Date. 

  

	 	(b)	Construction Progress Reports. At least fifteen (15) days prior to each quarterly Terminal Operations Coordination Committee meeting, each Party shall furnish to
the other a schedule update and interim progress report specifying the progress since the last report and the expected progress towards completing the construction, testing and operational start-up of the Sabine Pass Facility (such schedules and
interim progress reports hereinafter referred to as a “Progress Report”). Each Progress Report shall include, as applicable: (i) the status and progress of all construction and an update of the construction schedule;
(ii) the status and an update of construction approvals, permits and authorizations not yet received; and (iii) any other information which a Party may reasonably request to evaluate the status and progress of the above matters. If any
material change occurs with respect to any of the above matters subsequent to the most recent Progress Report hereunder, the issuing Party shall promptly give notice to the other Party. 

  

	24.3	Coordination After Commercial Start Date 

  

	 	(a)	Terminal Operations Coordination Committee Meetings. After the Commercial Start Date, the Terminal Operations Coordination Committee shall meet on a yearly basis or such
other time as the Parties may mutually agree. Such meetings shall be held at such place as the Parties may agree from time to time. At such meetings, the Terminal Operations Coordination Committee shall discuss the matters set forth on
Exhibit A attached hereto. 

  

	 	(b)	Correlation Tests. To assist in the proper determination of the amount of LNG delivered under this Agreement, the Parties shall perform periodically correlation tests (each a
“Correlation Test”) of SABINE’s gas chromatograph at the Sabine Pass Facility and of LNG Supplier’s gas chromatograph at the applicable liquefaction facility. The procedure for such tests shall be agreed upon by the
Parties, subject to the following conditions: 

  

	 	(i)	At least sixty (60) days prior to the Commercial Start Date, the laboratory staffs of the Parties shall jointly develop detailed testing methods based on GPA standards (as
appropriate), such standards to be modified to conform to measurement and testing standards set forth in the Sabine Pass Services Manual. The first Correlation Test shall take 

  

 59 

 place no later than ninety (90) days after the Commercial Start Date. Thereafter, a Correlation
Test shall be conducted on a yearly basis unless the Parties mutually agree to a two (2) or three (3) year interval between tests in consideration of the consistency of prior test results; 
  

	 	(ii)	Customer shall obtain a calibrated sample for determining response factors, with such sample being transported from SABINE’s laboratory to the other by LNG Vessels. The results
of these tests shall be made available to both Parties; and 

  

	 	(iii)	Each Correlation Test shall be performed with the same procedure in the respective laboratory chromatograph with a view to achieving similar testing results within GPA tolerance
allowances. 

 ARTICLE 25 
 MISCELLANEOUS 
  

	25.1	Amendments 

 This Agreement may not be amended,
modified, varied or supplemented except by an instrument in writing signed by SABINE and Customer. 
  

	25.2	Approvals 

 Each Party shall use reasonable
endeavors to maintain in force all Approvals necessary for its performance under this Agreement. Customer and SABINE shall cooperate fully with each other wherever necessary for this purpose. 
  

	25.3	Successors and Assigns 

 This Agreement shall inure
to the benefit of and be binding upon the respective successors and permitted assigns of the Parties. 
  

	25.4	Waiver 

 No failure to exercise or delay in
exercising any right or remedy arising from this Agreement shall operate or be construed as a waiver of such right or remedy. Performance of any condition or obligation to be performed hereunder shall not be deemed to have been waived or postponed
except by an instrument in writing signed by the Party who is claimed to have granted such waiver or postponement. No waiver by either Party shall operate or be construed as a waiver in respect of any failure or default not expressly identified by
such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. 
  

	25.5	No Third Party Beneficiaries 

 The interpretation of
this Agreement shall exclude any rights under legislative provisions conferring rights under a contract to Persons not a party to that contract. Nothing in this 
  

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 Agreement shall otherwise be construed to create any duty to, or standard of care with reference to, or
any liability to, any Person other than a Party. 
  

	25.6	Rules of Construction 

  

	 	(a)	Drafting. Each provision of this Agreement shall be construed as though all Parties participated equally in the drafting of the same. Consequently, the Parties acknowledge
and agree that any rule of construction that a document is to be construed against the drafting Party shall not be applicable to this Agreement. 

  

	 	(b)	Priority. 

  

	 	(i)	In the event of a conflict between the terms of this Agreement excluding Annexes I and II and Exhibits A, B and C (the “Base Agreement”) and the terms of Annexes I
and II and Exhibits A, B and C then all terms of the Base Agreement shall take precedence over Annexes I and II and Exhibits A, B and C. 

  

	 	(ii)	In the event that any conflict arises between this Agreement and the Sabine Pass Marine Operations Manual, this Agreement shall prevail. In the event that any conflict arises
between this Agreement and the Sabine Pass Services Manual, this Agreement shall prevail. 

  

	25.7	Survival of Rights 

 Any termination or expiration
of this Agreement shall be without prejudice to any rights, remedies, obligations and liabilities which may have accrued to a Party pursuant to this Agreement or otherwise under applicable law. All rights or remedies which may have accrued to the
benefit of either Party (and any of this Agreement’s provisions necessary for the exercise of such accrued rights or remedies) prior to the termination or expiration of this Agreement shall survive such termination or expiration. Furthermore,
the provisions of Article 11, Article 12, Article 14, Article 19, Article 20, Article 21, Article 23, and Article 25 shall survive the termination or expiration of this Agreement. 
  

	25.8	Rights and Remedies 

 Except where this Agreement
expressly provides to the contrary, the rights and remedies contained in this Agreement are cumulative and not exclusive of any rights and remedies provided by law. 
  

	25.9	Interpretation 

  

	 	(a)	Headings. The topical headings used in this Agreement are for convenience only and shall not be construed as having any substantive significance or as indicating that all of
the provisions of this Agreement relating to any topic are to be found in any particular Article or that an Article relates only to the topical heading. 

  

 61 

	 	(b)	Singular and Plural. Reference to the singular includes a reference to the plural and vice versa. 

  

	 	(c)	Gender. Reference to any gender includes a reference to all other genders. 

  

	 	(d)	Article. Unless otherwise provided, reference to any Article, Section, Annex or Exhibit means an Article, Section, Annex or Exhibit of this Agreement. In addition, reference
to a Clause means a reference to a Clause in Part One and reference to an Article or Section means a reference to an Article or Section of Part Two. 

  

	 	(e)	Include. The words “include” and “including” shall mean include or including without limiting the generality of the description preceding
such term and are used in an illustrative sense and not a limiting sense. 

  

	 	(f)	Time Periods. References to “day,” “month,” “quarter” and “year” shall, unless otherwise stated or
defined, mean a day, month, quarter and year of the Gregorian calendar, respectively. For the avoidance of doubt, a “day” shall commence at 24:00 midnight. 

  

	 	(g)	Statutory References. Unless the context otherwise requires, any reference to a statutory provision is a reference to such provision as amended or re-enacted or as modified
by other statutory provisions from time to time and includes subsequent legislation and regulations made under the relevant statute. 

  

	 	(h)	Currency. References to United States dollars shall be a reference to the lawful currency from time to time of the United States of America. 

  

	25.10	Disclaimer of Agency 

  

	  	The rights, duties, obligations and liabilities of the Parties under this Agreement shall be individual, not joint or collective. It is not the intention of the Parties to create,
nor shall this Agreement be deemed or construed to create, nor shall the Parties report for any purpose any transaction occurring pursuant to this Agreement as: (a) a partnership, joint venture or other association or a trust; nor (b) a
lease or sales transaction with respect to any portion of the Sabine Pass Facility. This Agreement shall not be deemed or construed to authorize any Party to act as an agent, servant or employee for the other Party for any purpose whatsoever except
as explicitly set forth in this Agreement. In their relations with each other under this Agreement, the Parties shall not be considered fiduciaries. 

  

	25.11	No Sovereign Immunity 

  

	  	Any Party that now or hereafter has a right to claim sovereign immunity for itself or any of its assets hereby waives any such immunity to the fullest extent permitted by the laws
of any applicable jurisdiction. This waiver includes immunity from: (a) any expert determination or arbitration proceeding commenced or to be commenced pursuant to this Agreement; (b) any judicial, administrative or other proceedings to
aid the expert 

  

 62 

	  	determination or arbitration commenced pursuant to this Agreement; and (c) any effort to confirm, enforce, or execute any decision, settlement, award, judgment, service of
process, execution order or attachment (including pre-judgment attachment) that results from an expert determination, mediation, arbitration or any judicial or administrative proceedings commenced pursuant to this Agreement. Each Party acknowledges
that its rights and obligations hereunder are of a commercial and not a governmental nature. 

  

	25.12	Severance of Invalid Provisions 

  

	  	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. 

  

	25.13	Compliance with Laws 

  

	  	In performance of their respective obligations under this Agreement, each Party agrees to comply with all applicable laws, statutes, rules, regulations, judgments, decrees,
injunctions, writs and orders, and all interpretations thereof, of all Governmental Authorities having jurisdiction over such Party. 

  

	25.14	Conflicts of Interest 

  

	  	SABINE shall avoid any conflict between its own interests and the interests of Customer in relation to obtaining LNG terminalling services from the Sabine Pass Facility. In this
regard, SABINE shall not become one of the Other Customers during the Term hereof unless Customer has first consented in writing (such consent not to be unreasonably withheld or delayed) to such expanded business role by SABINE. In no event shall:
(a) any of SABINE’s joint venture partners or affiliated entities of any kind be restricted from becoming one of the Other Customers during the Term hereof; or (b) any partner, shareholder, member, or other equity owner of SABINE be
restricted from becoming one of the Other Customers during the Term hereof. Except as provided above, the Parties and their Affiliates are free to engage or invest (directly or indirectly) in an unlimited number of activities or businesses, any one
or more of which may be related to or in competition with the business activities contemplated under this Agreement, without having or incurring any obligation to offer any interest in such business activities to the other Party.

  

	25.15	Expenses 

  

	  	Each Party shall be responsible for and bear all of its own costs and expenses incurred in connection with the preparation and negotiation of this Agreement.

  

 63 

	25.16	Scope 

  

	  	This Agreement constitutes the entire agreement between the Parties relating to the subject matter hereof and supersedes and replaces any provisions on the same subject contained in
any other agreement between the Parties, whether written or oral, prior to the date of the original execution hereof. 

  

	25.17	Counterpart Execution 

  

	  	This Agreement may be executed in any number of counterparts and each such counterpart shall be deemed an original Agreement for all purposes; provided that no Party shall be bound
to this Agreement unless and until both Parties have executed a counterpart. For purposes of assembling all counterparts into one document, Customer is authorized to detach the signature page from one or more counterparts and, after signature
thereof by the respective Party, attach each signed signature page to a counterpart. 

  

	25.18	Other Customer Rights Generally 

  

	 	(a)	Additional Sabine Pass Facility Capabilities. In addition to its rights pursuant to Article 3 with respect to the Services (and without any additional charge or fee payable
to SABINE whatsoever other than Retainage and Port Charges), Customer shall at all times while the Sabine Pass Facility is operational have the following exclusive rights: 

  

	 	(i)	Excess Capability. The right to commercial use and enjoyment of all services (including LNG Vessel berthing and unloading, LNG receipt, LNG storage, LNG regasification, Gas
redelivery, and all other related services (whether directly or indirectly)) to the maximum extent available on a given day from the Sabine Pass Facility (“Excess Capability”), such Excess Capability to be reasonably determined
within facility limitations assuming operation thereof by SABINE as a Reasonable and Prudent Operator, including: 

  

	 	a.	Unsold Services. Services that SABINE is not contractually obligated to make available to any Other Customer pursuant to the provisions of an Existing Customer
Agreement; and 

  

	 	b.	Unutilized Services. Services that an Other Customer elects (either expressly, implicitly or through inaction) not to use under its Existing Customer Agreement
(“Unutilized Services”). 

  

	 	  	For the avoidance of doubt, Customer’s use of any Excess Capability shall be in addition and without prejudice to its rights to the Services; 

  

	 	(ii)	LNG Segregation. The right to commercial use and enjoyment of the ability of the Sabine Pass Facility to segregate LNG receipts into specific LNG storage tanks and the
ability of such facility to withdraw quantities of Gas from specific storage tanks for revaporization; and 

  

 64 

	 	(iii)	Variable Pressure / Temperature. The right to commercial use and enjoyment of the ability of the Sabine Pass Facility to alter the pressure and temperature of Gas during
regasification and/or Gas redelivery at the Delivery Point; and 

  

	 	(b)	Additional LNG Storage. If requested by Customer, SABINE shall construct, or permit the construction of, an additional LNG storage tank with a working capacity of
approximately one hundred sixty thousand (160,000) Cubic Meters of LNG for the benefit of Customer at the Sabine Pass Facility, promptly upon: (i) receipt by SABINE of all Approvals for such construction and operation; (ii) receipt by
SABINE of any required Lender approvals; and (iii) SABINE obtaining financing for construction of such additional LNG storage tank reasonably acceptable in form and content to SABINE. Subject to (i), (ii) and (iii) above, SABINE shall
cause completion of such additional LNG storage tank as soon as possible but no later than four (4) years after such Customer request. 

  

	25.19	Implementation of Other Customer Rights Under Section 25.18 

  

	 	(a)	Modification of Associated Limitations Under this Agreement. In order to enable Customer to fully exercise its rights under Section 25.18, the Parties agree that the
associated operational, scheduling, and commercial limitations which would otherwise apply to Customer’s rights to Services are hereby deemed to not apply to Customer’s rights under Section 25.18. Accordingly, any other provision of
this Agreement notwithstanding, the following shall not apply to Customer’s exercise, use and enjoyment of its rights under Section 25.18, provided that in no event shall the operation of this Section 25.19(a) have an unreasonable
adverse impact on the operations of the Sabine Pass Facility: 

  

	 	(i)	limitations on the right of Customer to: (a) schedule and unload quantities in excess of the Maximum LNG Reception Quantity; or (b) nominate and receive Gas at rates in
excess of the Maximum Gas Redelivery Rate or at rates less than Minimum Gas Redelivery Rate; and 

  

	 	(ii)	obligations of Customer to provide operational notices, if the giving of such operational notices would be impractical or impossible under the circumstances.

  

	 	(b)	No Adverse Effects on Customer’s Rights. The Parties hereto acknowledge and agree that SABINE has conveyed and granted to Customer all remaining Services and other
capacity rights available at the Sabine Pass Facility over and above those conveyed and granted under the Total TUA and Chevron TUA. SABINE hereby covenants and agrees that it will not, without the prior written approval of Customer, (i) enter
into any agreement with any other Person if such agreement or amendment would have an unreasonable adverse impact on Customer’s rights hereunder; or (ii) market additional services (including LNG Vessel berthing and unloading, LNG receipt,
LNG storage, LNG regasification, Gas redelivery, and related services) to any other Person. 

  

	 	(c)	Cooperation. Subject to at all times SABINE being responsible for the operation of the Sabine Pass Facility, the Parties shall cooperate closely with regard to the

  

 65 

	 	  	information requirements necessary for SABINE and Customer to determine the quantities and extent of Excess Capability, both on a current and prospective basis. In this regard,
SABINE shall provide to Customer all relevant non-confidential information at a frequency reasonably requested by Customer, with such frequency to include real-time information. 

  

	 	(d)	No Breach of Existing Customer Agreements. For the avoidance of doubt, the Parties confirm that, in interpreting and implementing the provisions of Section 25.18 and
this Section 25.19, in no event shall SABINE be obligated to provide services to Customer or take any other action which would cause SABINE to breach its contractual obligations under the Existing Customer Agreements. 

 

 66 

 ANNEX I 
 MEASUREMENTS AND TESTS FOR LNG AT RECEIPT POINT 
  

	1.	Parties to Supply Devices 

  

	 	a)	General. Unless otherwise agreed, Customer and SABINE shall supply equipment and conform to procedures that are in accordance with the latest appropriate International
Organization for Standards (“ISO”) documents. 

  

	 	b)	Customer Devices. Customer or Customer’s agent shall supply, operate and maintain, or cause to be supplied, operated and maintained, suitable gauging devices for the
liquid level in LNG tanks of the LNG Vessels, pressure and temperature measuring devices, and any other measurement or testing devices which are incorporated in the structure of LNG vessels or customarily maintained on board ship.

  

	 	c)	SABINE Devices. SABINE 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 LNG and any other measurement or testing devices which are necessary to perform the measurement and testing required hereunder at the Sabine Pass Facility. 

  

	 	d)	Dispute. Any Dispute arising under this Annex I shall be submitted to an Expert under Section 20.2. 

  

	2.	Selection of Devices 

 All devices provided
for in this Annex I shall be approved by SABINE, acting as a Reasonable and Prudent Operator. The required degree of accuracy (which shall in any case be within the permissible tolerances defined herein and in the applicable standards referenced
herein) of such devices selected shall be mutually agreed upon by Customer and SABINE. In advance of the use of any device, the Party providing such device shall cause tests to be carried out to verify that such device has the required degree of
accuracy. 
  

	3.	Verification of Accuracy and Correction for Error 

  

	 	a)	Accuracy. Accuracy of devices used shall be tested and verified at the request of either Party, including the request by a Party to verify accuracy of its own devices. Each
Party shall have the right to inspect at any time the measurement devices installed by the other Party, provided that the other Party is notified in advance. Testing shall be performed only when both Parties are represented, or have received
adequate advance notice thereof, using methods recommended by the manufacturer or any other method agreed to by SABINE and Customer. At the request of any Party hereto, any test shall be witnessed and verified by an independent surveyor mutually
agreed upon by Customer and SABINE. 

  

 1 

 Permissible tolerances shall be as defined herein or as defined in the applicable standards referenced
herein. 
  

	 	b)	Inaccuracy. Inaccuracy of a device exceeding the permissible tolerances shall require correction of previous recordings, and computations made on the basis of those
recordings, to zero error with respect to any period which is definitely known or agreed upon by the Parties as well as adjustment of the device. All invoices issued during such period shall be amended accordingly to reflect such correction, and an
adjustment in payment shall be made between Customer and SABINE. If the period of error is neither known nor agreed upon, and there is no evidence as to the duration of such period of error, corrections shall be made and invoices amended for each
receipt of LNG made during the last half of the period since the date of the most recent calibration of the inaccurate device. However, the provisions of this Paragraph 3 shall not be applied to require the modification of any invoice that has
become final pursuant to Section 11.7. 

  

	 	c)	Costs and Expenses of Test Verification. All costs and expenses for testing and verifying SABINE’s measurement devices shall be borne by SABINE, and all costs and
expenses for testing and verifying Customer’s measurement devices shall be borne by Customer. The fees and charges of independent surveyors for measurements and calculations shall be borne directly by Customer. 

  

	4.	Tank Gauge Tables of LNG Vessels 

  

	 	a)	Initial Calibration. Customer shall arrange or caused to be arranged, for each tank of each LNG Vessel, a calibration of volume against tank level. Customer shall provide
SABINE or its designee, or cause SABINE or its designee to be provided, with a certified copy of tank gauge tables for each tank of each LNG Vessel verified by a competent impartial authority or authorities mutually agreed upon by the Parties. Such
tables shall include correction tables for list, trim, tank contraction and any other items requiring such tables for accuracy of gauging. 

 Tank gauge tables prepared pursuant to the above shall indicate volumes in cubic meters expressed to the nearest thousandth (1/1000), with LNG tank depths expressed in meters to the nearest hundredth (1/100).

  

	 	b)	Presence of Representatives. SABINE and Customer shall each have the right to have representatives present at the time each LNG tank on each LNG Vessel is volumetrically
calibrated. 

  

	 	c)	Recalibration. If the LNG tanks of any LNG Vessel suffer distortion of such nature as to create a reasonable doubt regarding the validity of the tank gauge tables described
herein (or any subsequent calibration provided for herein), Customer or Customer’s agent shall recalibrate the damaged tanks, and the vessel shall not be employed as an LNG Vessel hereunder until appropriate corrections are made. If mutually
agreed between Customer and SABINE representatives, recalibration of damaged tanks can be deferred until the next time when such 

  

 2 

 damaged tanks are warmed for any reason, and any corrections to the prior tank gauge tables will be made
from the time the distortion occurred. If the time of the distortion cannot be ascertained, the Parties shall mutually agree on the time period for retrospective adjustments. 
  

	5.	Units of Measurement and Calibration 

 The
Parties shall co-operate in the design, selection and acquisition of devices to be used for measurements and tests in order that all measurements and tests may be conducted in the SI system of units, except for the quantity delivered which is
expressed in MMBTU, the Gross Heating Value (Volume Based) which is expressed in BTU/SCF and the pressure which is expressed in millibar and temperature in Celsius. In the event that it becomes necessary to make measurements and tests using a new
system of units of measurements, the Parties shall establish agreed upon conversion tables. 
  

	6.	Accuracy of Measurement 

 All measuring
equipment must be maintained, calibrated and tested in accordance with the manufacturer’s recommendations. In the absence of a manufacturer’s recommendation, the minimum frequency of calibration shall be one hundred eighty (180) days,
unless otherwise mutually agreed between the Parties. Documentation of all tests and calibrations will be made available by the Party performing the same to the other Party. Acceptable accuracy and performance tolerances shall be: 
  

	 	a)	Liquid Level Gauging Devices. 

 Each LNG tank of the
LNG Vessel shall be equipped with primary and secondary liquid level gauging devices as per Paragraph 7(b) of this Annex I. 
 The measurement
accuracy of the primary gauging devices shall be plus or minus seven point five (± 7.5) millimeters and the secondary liquid level gauging devices shall be plus or minus ten (± 10) millimeters. 
 The liquid level in each LNG tank shall be logged or printed. 
  

	 	b)	Temperature Gauging Devices. 

 The temperature of
the LNG and of the vapor space in each LNG tank shall be measured by means of a number of properly located temperature measuring devices sufficient to permit the determination of average temperature. 
 The measurement accuracy of the temperature gauging devices shall be as follows: 
  

	 	(i)	in the temperature range of minus one hundred sixty five to minus one hundred forty degree Celsius (-165C to -140°C), the accuracy shall be plus or minus zero point two degree
Celsius (± 0.2 °C); 

  

 3 

	 	(ii)	in the temperature range of minus one hundred forty to plus forty degree Celsius (-140C to +40 °C), the accuracy shall be plus or minus one point five degree Celsius (±
1.5 °C). 

 The temperature in each LNG tank shall be logged or printed. 
  

	 	c)	Pressure Gauging Devices. 

 Each LNG tank of the LNG
Vessel shall have one (1) absolute pressure gauging device. 
 The measurement accuracy of the pressure gauging device shall be plus or
minus one percent (± 1%) of the measuring range. 
 The pressure in each LNG tank shall be logged or printed. 
  

	 	d)	List and Trim Gauging Devices. 

 A list gauging
device and a trim gauging device shall be installed. These shall be interfaced with the custody transfer system. 
 The measurement accuracy
of the list and the trim gauging devices shall be better than plus or minus zero point zero five (±0.05) degrees for list and plus or minus zero point zero one (± 0.01) degrees for trim. 
  

	7.	Gauging and Measuring LNG Volumes Delivered 

  

	 	a)	Gauge Tables. Upon SABINE’s representative and the independent surveyor, if present, arriving on board the LNG Vessel prior to the commencement of or during unloading,
Customer or Customer’s representative shall make available to them a certified copy of tank gauge tables for each tank of the LNG Vessel. 

  

	 	b)	Gauges. Volumes of LNG delivered pursuant to this Agreement shall be determined by gauging the LNG in the tanks of the LNG Vessels before and after unloading. Each LNG
Vessel’s tank shall be equipped with a minimum of two (2) sets of level gauges, each set utilizing a different measurement principle. Comparison of the two (2) systems, designated as Primary and Secondary Measurement Systems, shall be
performed from time to time to ensure compliance with the acceptable performance tolerances stated herein. 

  

	 	c)	Gauging Process. Gauging the liquid in the tanks of the LNG Vessels and measuring of liquid temperature, vapor temperature and vapor pressure in each LNG tank, trim and list
of the LNG Vessels, and atmospheric pressure shall be performed, or caused to be performed, by Customer before and after unloading. SABINE’s representative shall have the right to be present while all measurements are performed and shall verify
the accuracy and acceptability of all such measurements. The first gauging and measurements shall be made immediately before the commencement of unloading. The second gauging and 

  

 4 

 measurements shall take place immediately after the completion of unloading. The liquid level in the LNG
Vessel before and after the unloading shall be determined by at least two (2) separate tank gaugings to be conducted at least fifteen (15) minutes apart. 
  

	 	d)	Records. Copies of gauging and measurement records shall be furnished to SABINE immediately upon completion of unloading. 

  

	 	e)	Gauging Liquid Level of LNG. The level of the LNG in each LNG tank of the LNG Vessel shall be gauged by means of the primary gauging device installed in the LNG Vessel for
that purpose. The level of the LNG in each tank shall be logged or printed. 

 Measurement of the liquid level in each LNG tank
of the LNG Ship shall be made to the nearest millimeter by using the primary liquid level gauging devices. Should the primary devices fail, the secondary device shall be used. 
 Five (5) readings shall be made following manufacturer’s recommendations on reading interval. The arithmetic average of the readings rounded to
the nearest millimeter using one (1) decimal place shall be deemed the liquid level. 
  

	 	f)	Determination of Temperature. The temperature of the LNG and of the vapor space in each LNG tank shall be measured by means of a sufficient number of properly located
temperature measuring devices to permit the determination of average temperature. Temperatures shall be measured at the same time as the liquid level measurements and shall be logged or printed. 

 In order to determine the temperature of liquid and vapor respectively in the LNG Vessel one (1) reading shall be taken at each temperature gauging
device in each LNG tank. An arithmetic average of such readings rounded to the nearest zero point one degree Celsius (0.1 °C) using two (2) decimal places with respect to vapor and liquid in all LNG tanks shall be deemed the final
temperature of the vapor and liquid respectively. 
 Customer shall cause each cargo tank in the LNG Vessel to be provided with a minimum of
five (5) temperature measuring devices. One such measuring device shall be located in the vapor space at the top of each cargo tank, one near the bottom of each cargo tank and the remainder distributed at appropriate intervals from the top to
the bottom of the cargo tank. These devices shall be used to determine the average temperatures of the liquid cargo and the vapor in the cargo tank. 
 The average temperature of the vapor in an LNG Vessel shall be determined immediately before unloading by means of the temperature measuring devices specified above at the same time as when the liquid level is measured. The temperature
measuring devices shall be fully surrounded by the vapor. This determination shall be made by taking the temperature readings of the temperature measuring devices in question to the nearest zero point zero one 
  

 5 

 degrees Celsius (0.01°C), and if more than one of the devices are fully surrounded by the vapor, by
averaging those readings, and rounding to one (1) decimal place. 
  

	 	g)	Determination of Pressure. The pressure of the vapor in each LNG tank shall be determined by means of pressure measuring devices installed in each LNG tank of the LNG
Vessels. The atmospheric pressure shall be determined by readings from the standard barometer installed in the LNG Vessels. Pressures shall be measured at the same time as the liquid level measurements, and shall be logged or printed.

 Customer shall cause the LNG Vessel to be provided with pressure measuring equipment capable of determining the absolute
pressure of the vapor in each cargo tank with an accuracy equal to or better than plus or minus one percent (± 1%) of the measuring range. 
 The pressure of the vapor in an LNG Vessel shall be determined immediately before unloading at the same time as when the liquid level is measured. 
 Such determination shall be made by taking the pressure readings of the pressure measuring devices to the nearest millibar, then averaging these readings and rounding to a whole millibar. 
  

	 	h)	Determination of Density. The LNG density shall be calculated using the method described within ISO 6976-2000, Calculation of calorific values, density, relative density and
Wobbe Index from composition. This method shall be updated to conform to any official published revision of that document. Should any improved data, method of calculation or direct measurement device become available which is acceptable to both
Customer and SABINE, such improved data, method or device shall then be used. If density is determined by measurements, the results shall be measured at the same time as the liquid level measurements and shall be logged or printed.

  

	8.	Samples for Quality Analysis 

  

	 	a)	General. Flow proportional representative liquid samples shall be collected from an appropriate point located as close as practical to the unloading line starting two
(2) hours after the beginning of transfer and ending two (2) hours before the end of transfer. Samples taken when biphasic or overheated LNG is suspected to be in the main transfer line will be disregarded. These incremental samples will
be passed through a vaporizer, and samples of the vaporized liquid will be analyzed. The resulting analyses, which are proportional to time, will be mathematically flow rate weighted to yield an analysis that is representative of the unloaded Cargo.
This flow rate weighted analysis shall be used for all appropriate calculations associated with the delivered Cargo. Should the automatic sampling system fail during the unloading, manual samples shall be collected and analyzed for accounting
purposes. 

  

 6 

	 	b)	Manual Samples. Prior to the end of the unloading cycle, two (2) spot samples shall be collected from the vaporizer. Spot samples shall be collected in accordance with
Gas Processors Association (“GPA”) Standard 2166 - Methods for Obtaining Gas Samples for Analysis by Gas Chromatography - or by other mutually agreeable methods. The samples shall be properly labeled and then distributed to Customer
and SABINE. SABINE shall retain one (1) sample for a period of thirty (30) days, unless the analysis is in dispute. If the analysis is in dispute, the sample will be retained until the dispute is resolved. 

 Sampling and analysis methods and procedures that differ from the above may be employed with the mutual agreement of the Parties. 
  

	9.	Quality Analysis 

  

	 	a)	Certification and Deviation. Chromatograph calibration gasses shall be provided and their composition certified by an independent third party. From time to time, deviation
checks shall be performed to verify the accuracy of the gas composition mole percentages and resulting calculated physical properties. Analyses of a sample of test gas of known composition resulting when procedures that are in accordance with the
above mentioned standards have been applied will be considered as acceptable if the resulting calculated gross real heating value is within plus or minus zero point three percent (± 0. 3%) of the known gross real heating value of the test gas
sample. If the deviation exceeds the tolerance stated, the gross real heating value, relative density and compressibility previously calculated will be corrected immediately. Previous analyses will be corrected to the point where the error occurred,
if this can be positively identified to the satisfaction of both Parties. Otherwise it shall be assumed that the drift has been linear since the last recalibration and correction shall be based on this assumption. 

  

	 	b)	GPA Standard 2261. All samples shall be analyzed by SABINE to determine the molar fraction of the hydrocarbon and other components in the sample by gas chromatography using a
mutually agreed method in accordance with GPA Standard 2261 - Method of Analysis for Gas and Similar Gaseous Mixtures by Gas Chromatography, current as of January 1, 1990 and as periodically updated or as otherwise mutually agreed by the
Parties. If better standards for analysis are subsequently adopted by GPA or other recognized competent impartial authority, upon mutual agreement of Customer and SABINE, they shall be substituted for the standard then in use, but such substitution
shall not take place retroactively. A calibration of the chromatograph or other analytical instrument used shall be performed by SABINE immediately prior to the analysis of the sample of LNG delivered. SABINE shall give advance notice to Customer of
the time SABINE intends to conduct a calibration thereof, and Customer shall have the right to have a representative present at each such calibration; provided, however, SABINE will not be obligated to defer or reschedule any calibration in order to
permit the representative of Customer to be present. 

  

 7 

	 	c)	GPA Standard 2377 and 2265. SABINE shall determine the presence of Hydrogen Sulfide (H2S) by use of GPA Standard 2377 - Test of Hydrogen Sulfide and Carbon Dioxide in Gas Using Length of Stain Tubes. If necessary, the concentration of H2S and total sulfur will be determined using one or more of the following methods as is appropriate: gas chromatography, Gas Processors Standard 2265 - Standard
for Determination of Hydrogen Sulfide and Mercaptan Sulfur in Gas (Cadmium Sulfate - Iodometric Titration Method) or any other method that is mutually acceptable. 

  

	10.	Operating Procedures 

  

	 	a)	Notice. Prior to conducting operations for measurement, gauging, sampling and analysis provided in this Annex I, the Party responsible for such operations shall notify the
appropriate representatives of the other Party, allowing such representatives reasonable opportunity to be present for all operations and computations; provided that the absence of the other Party’s representative after notification and
opportunity to attend shall not prevent any operations and computations from being performed. 

  

	 	b)	Independent Surveyor. At the request of either Party any measurement, gauging, sampling and analysis shall be witnessed and verified by an independent surveyor mutually
agreed upon by Customer and SABINE. The results of such surveyor’s verifications shall be made available promptly to each Party. 

  

	 	c)	Preservation of Records. All records of measurement and the computed results shall be preserved by the Party responsible for taking the same, or causing the same to be taken,
and made available to the other Party for a period of not less than three (3) years after such measurement and computation. 

  

	11.	Quantities Delivered 

  

	 	a)	Calculation of MMBTU Quantities. The quantity of MMBTU delivered shall be calculated by SABINE and verified by Customer. Either Party may, at its own expense, require the
measurements and calculations and/or their verification by an independent surveyor, mutually agreed upon by the Parties. Consent to an independent surveyor proposed by a Party shall not be unreasonably withheld by the other Party.

  

	 	b)	Determination of Gross Real Heating Value. All component values shall be in accordance with the latest revision of ISO 6579 and the latest revision of the reference standards
therein. 

  

	 	c)	Determination of Volume of LNG Unloaded. 

  

	 	(i)	The LNG volume in the tanks of the LNG Vessel before and after unloading (valves have to be closed) shall be determined by gauging on the basis of the tank gauge tables provided for
in Paragraph 6. The volume of LNG remaining in the tanks after unloading of the LNG Vessel 

  

 8 

 shall be subtracted from the volume before unloading and the resulting volume shall be taken as the
volume of the LNG delivered from the LNG Vessel. 
 The volume of LNG stated in cubic meters to the nearest zero point zero zero one (0.001)
cubic meter, shall be determined by using the tank gauge tables and by applying the volume corrections set forth therein. 
  

	 	(ii)	Gas returned to the LNG Vessel during unloading shall not be deemed to be volume unloaded for Customer’s account. 

  

	 	(iii)	If failure of the primary gauging and measuring devices of an LNG Vessel should make it impossible to determine the LNG volume, the volume of LNG unloaded shall be determined by
gauging the liquid level using the secondary gauging and measurement devices. If an LNG Vessel is not so equipped, the volume of LNG delivered shall be determined by gauging the liquid level in SABINE’s onshore LNG storage tanks immediately
before and after unloading the LNG Vessel, and such volume shall have added to it an estimated LNG volume, agreed upon by the Parties, for boil-off from such tanks during the unloading of such LNG Vessel and have added to it the volume of any LNG
that has been pumped from the LNG Vessel’s tanks during unloading. SABINE shall provide Customer, or cause Customer to be provided with, a certified copy of tank gauge tables for each onshore LNG tank which is to be used for this purpose, such
tables to be verified by a competent impartial authority. 

  

	12.	Calculations 

 The calculation procedures
contained in this Section are generally in accordance with the Institute of Petroleum Measurement Manual, Part XII, the Static Measurement of Refrigerated Hydrocarbon Liquids, Section 1, IP 251/76. 
  

	 	

					
	d	  	=	  	density of LNG unloaded at the prevailing composition and temperature Tl in kg/m3, rounded to two (2) decimal places, calculated according to the method specified in Paragraph 12.1 of this
Annex I.
			
	Hi	  	=	  	gross heating value (mass based) of component “i” in MJ/kg, in accordance with Paragraph 12.6.1 of this Annex I.
			
	Hm	  	=	  	gross heating value (mass based) of the LNG unloaded in MJ/kg, calculated in accordance with the method specified in Paragraph 12.3 of this Annex I, rounded to four (4) decimal
places.
			
	Hv	  	=	  	gross heating value (volume based) of the LNG unloaded in BTU/SCF, calculated in accordance with the method specified in Paragraph 12.5 of this Annex I.
			
	K1	  	=	  	volume correction in m3/kmol, at temperature Tl, obtained by linear interpolation from Paragraph 12.6.3 of this Annex I, rounded to six (6) decimal places.

  

 9 

							
		  	K2	  	=	  	volume correction in m3/kmol, at temperature Tl obtained by linear interpolation from Paragraph 12.6.4 of this Annex I, rounded to six (6) decimal places.
				
		  	Mi	  	=	  	molecular mass of component “i” in kg/kmol, in accordance with Paragraph 12.6.1 of this Annex I.
				
		  	P	  	=	  	average absolute pressure of vapor in an LNG Vessel immediately before unloading, in millibars, rounded to a whole millibar.
				
		  	Q	  	=	  	number of MMBTU contained in the LNG delivered, rounded to the nearest ten (10) MMBTU.
				
		  	T1	  	=	  	average temperature of the liquid cargo in the LNG Vessel immediately after unloading, in degrees Celsius, rounded to one (1) decimal place.
				
		  	Tv	  	=	  	average temperature of the vapor in an LNG Vessel immediately before unloading, in degrees Celsius, rounded to one (1) decimal place.
				
		  	V	  	=	  	the volume of the liquid cargo unloaded, in cubic meters, rounded to three (3) decimal places.
				
		  	Vh	  	=	  	the volume of the liquid cargo in an LNG Vessel immediately after unloading, in cubic meters, rounded to three (3) decimal places.
				
		  	Vb	  	=	  	the volume of the liquid cargo in an LNG Vessel immediately before unloading, in cubic meters, rounded to three (3) decimal places.
				
		  	Vi	  	=	  	molar volume of component “i” at temperature Tl, in m3/kmol, obtained by linear interpolation from Paragraph 12.6.2 of this Annex I, rounded to six (6) decimal
places.
				
		  	Xi	  	=	  	molar fraction of component “i” of the LNG samples taken from the receiving line, rounded to four (4) decimal places, determined by gas chromatographic analysis.
				
		  	Xm	  	=	  	the value of Xi for methane.
				
		  	Xn	  	=	  	the value of Xi for nitrogen.

  

	12.1	Density Calculation Formula 

 The density of the LNG
unloaded which is used in the MMBTU calculation in 12.4 of this Annex I shall be calculated from the following formula derived from the revised Klosek-McKinley method: 
 

 
 In the application of the above formula, no intermediate rounding shall be made if the accuracy of “d”
is thereby affected. 
  

 10 

	12.2	Calculation of Volume Delivered 

 The volume, in
cubic meters, of each LNG cargo unloaded shall be calculated by using the following formula: 
 

 
  

	12.3	Calculation of Gross Heating Value (Mass Based) 

 The gross heating value (mass based), in MJ/kg, of each LNG cargo unloaded shall be calculated by using the following formula: 
 

 
  

	12.4	MMBTU Calculation of the Quantity of LNG Unloaded 

 The number of MMBTU contained in the LNG unloaded shall be calculated using the following formula: 
 

 
 The derivation of the conversion factor 1/1055.12 in the formula in this Paragraph for the conversion of MJ into
MMBTU is obtained from GPA-2145:1994 and IP-251:1976 as follows: 
  

	 	(a)	q(T,P) means the gross heating value (measured at temperature T and pressure P), contained in a given quantity of gas; 

  

	 	(b)	q(60°F, 14.696 psia) in MJ = 1/1.00006 x q(15°C, 1013.25 millibar) in MJ; 

  

	 	(c)	1 MMBTU corresponds to 1055.06 MJ; 

  

	 	(d)	q(60°F, 14.696 psia) in MMBTU = 1/1055.06 x q(60°F, 14.696 psia) in MJ; and 

  

	 	(e)	Combining (b) and (d) above yields: 

 q(60°F,
14.696 psia) in MMBTU = 1/1055.12 x q(15°C, 1013.25 millibar) in MJ. 
 Hence the number of MJ derived shall be divided by 1055.12 to
obtain the number of MMBTU for invoicing purposes. 
  

 11 

	12.5	Calculation of Gross Heating Value (Volume Based) 

 The calculation of the Gross Heating Value (Volume Based) in BTU/SCF shall be derived from the same compositional analysis as is used for the purposes of calculating the Gross Heating Value (Mass Based) Hm and the following formula
shall apply: 
 

 
 The derivation of the conversion factor 1.13285 for the conversion of MJ/kmol into BTU/SCF is obtained as
follows: 
  

	 	(a)	molar gross heating value = S (Xi x Mi x Hi) MJ/kmol; 

  

	 	(b)	1 kmol = 2.20462 lbmol; 

  

	 	(c)	1 lbmol = 379.482 SCF; 

  

	 	(d)	hence 1 kmol = 836.614 SCF; and 

  

	 	(e)	Hv = 1,000,000/ (1055.12 x 836.614) x S (Xi x Mi x Hi) BTU/SCF; or 

 Hv = 1.13285 x S (Xi x Mi x Hi) BTU/SCF, 
  

	12.6	Data 

  

	 	(a)	Values of Hi and Mi 

  

							
	 Component
	  	Hi (in MJ/kg)	  	Mi (in kg/kmol)	  	 
	 Methane
	  	55.575	  	16.043	  	
	 Ethane
	  	51.950	  	30.070	  	
	 Propane
	  	50.368	  	44.097	  	
	 Iso-Butane
	  	49.388	  	58.123	  	
	 N-Butane
	  	49.546	  	58.123	  	
	 Iso-Pentane
	  	48.949	  	72.150	  	
	 N-Pentane
	  	49.045	  	72.150	  	
	 N-Hexane
	  	48.716	  	86.177	  	
	 Nitrogen
	  	0	  	28.013	  	
	 Carbon Dioxide
	  	0	  	44.010	  	
	 Oxygen
	  	0	  	31.999	  	

 Source: GPA Publication 2145 Sl-96: “Physical Constants of Paraffin Hydrocarbons and other
components of natural gas”. 
  

 12 

	(b)	Values of Vi (cubic meter/kmol) 

  

															
	 Temperature
	  	-150°C	  	-154°C	  	-158°C	  	-160°C	  	-162°C	  	-166°C	  	-170°C
	 Methane
	  	0.039579	  	0.038983	  	0.038419	  	0.038148	  	0.037884	  	0.037375	  	0.036890
	 Ethane
	  	0.048805	  	0.048455	  	0.048111	  	0.047942	  	0.047774	  	0.047442	  	0.047116
	 Propane
	  	0.063417	  	0.063045	  	0.062678	  	0.062497	  	0.062316	  	0.061957	  	0.061602
	 Iso-Butane
	  	0.079374	  	0.078962	  	0.078554	  	0.078352	  	0.078151	  	0.077751	  	0.077356
	 N-Butane
	  	0.077847	  	0.077456	  	0.077068	  	0.076876	  	0.076684	  	0.076303	  	0.075926
	 Iso-Pentane
	  	0.092817	  	0.092377	  	0.091939	  	0.091721	  	0.091504	  	0.091071	  	0.090641
	 N-Pentane
	  	0.092643	  	0.092217	  	0.091794	  	0.091583	  	0.091373	  	0.090953	  	0.090535
	 N-Hexane
	  	0.106020	  	0.105570	  	0.105122	  	0.104899	  	0.104677	  	0.104236	  	0.103800
	 Nitrogen
	  	0.055877	  	0.051921	  	0.048488	  	0.046995	  	0.045702	  	0.043543	  	0.041779
	 Carbon Diox
	  	0.027950	  	0.027650	  	0.027300	  	0.027200	  	0.027000	  	0.026700	  	0.026400
	 Oxygen
	  	0.03367	  	0.03275	  	0.03191	  	0.03151	  	0.03115	  	0.03045	  	0.02980

 Source: National Bureau of Standards Interagency Report 77-867, Institute of Petroleum IP251/76 for Oxygen.

 Note: For intermediate values of temperature and molecular mass a linear interpolation shall be applied 
  

	(c)	Values of Volume Correction Factor, K1 (cubic meter/kmol) 

  

															
	 Molecular Mass of Mixture
	  	-150°C	  	-154°C	  	-158°C	  	-160°C	  	-162°C	  	-166°C	  	-170°C
	 16.0
	  	-0.000012	  	-0.000010	  	-0.000009	  	-0.000009	  	-0.000008	  	-0.000007	  	-0.000007
	 16.5
	  	0.000135	  	0.000118	  	0.000106	  	0.000100	  	0.000094	  	0.000086	  	0.000078
	 17.0
	  	0.000282	  	0.000245	  	0.000221	  	0.000209	  	0.000197	  	0.000179	  	0.000163
	 17.2
	  	0.000337	  	0.000293	  	0.000261	  	0.000248	  	0.000235	  	0.000214	  	0.000195
	 17.4
	  	0.000392	  	0.000342	  	0.000301	  	0.000287	  	0.000274	  	0.000250	  	0.000228
	 17.6
	  	0.000447	  	0.000390	  	0.000342	  	0.000327	  	0.000312	  	0.000286	  	0.000260
	 17.8
	  	0.000502	  	0.000438	  	0.000382	  	0.000366	  	0.000351	  	0.000321	  	0.000293
	 18.0
	  	0.000557	  	0.000486	  	0.000422	  	0.000405	  	0.000389	  	0.000357	  	0.000325
	 18.2
	  	0.000597	  	0.000526	  	0.000460	  	0.000441	  	0.000423	  	0.000385	  	0.000349
	 18.4
	  	0.000637	  	0.000566	  	0.000499	  	0.000477	  	0.000456	  	0.000412	  	0.000373
	 18.6
	  	0.000677	  	0.000605	  	0.000537	  	0.000513	  	0.000489	  	0.000440	  	0.000397
	 18.8
	  	0.000717	  	0.000645	  	0.000575	  	0.000548	  	0.000523	  	0.000467	  	0.000421
	 19.0
	  	0.000757	  	0.000685	  	0.000613	  	0.000584	  	0.000556	  	0.000494	  	0.000445
	 19.2
	  	0.000800	  	0.000724	  	0.000649	  	0.000619	  	0.000589	  	0.000526	  	0.000474
	 19.4
	  	0.000844	  	0.000763	  	0.000685	  	0.000653	  	0.000622	  	0.000558	  	0.000503
	 19.6
	  	0.000888	  	0.000803	  	0.000721	  	0.000688	  	0.000655	  	0.000590	  	0.000532
	 19.8
	  	0.000932	  	0.000842	  	0.000757	  	0.000722	  	0.000688	  	0.000622	  	0.000561
	 20.0
	  	0.000976	  	0.000881	  	0.000793	  	0.000757	  	0.000721	  	0.000654	  	0.000590
	 25.0
	  	0.001782	  	0.001619	  	0.001475	  	0.001407	  	0.001339	  	0.001220	  	0.001116
	 30.0
	  	0.002238	  	0.002043	  	0.001867	  	0.001790	  	0.001714	  	0.001567	  	0.001435

 Source: National Bureau of Standards Interagency Report 77-867. 
 Note 1: Molecular mass of mixture equals S (Xi x Mi). 
 Note 2: For intermediate values of temperature and molecular mass a linear interpolation shall be
applied. 
  

 13 

	(d)	Values of Volume Correction Factor, K2 (cubic meter/kmol) 

  

															
	 Molecular Mass of Mixture
	  	-150°C	  	-154°C	  	-158°C	  	-160°C	  	-162°C	  	-166°C	  	-170°C
	 16.0
	  	-0.000039	  	-0.000031	  	-0.000024	  	-0.000021	  	-0.000017	  	-0.000012	  	-0.000009
	 16.5
	  	0.000315	  	0.000269	  	0.000196	  	0.000178	  	0.000162	  	0.000131	  	0.000101
	 17.0
	  	0.000669	  	0.000568	  	0.000416	  	0.000377	  	0.000341	  	0.000274	  	0.000210
	 17.2
	  	0.000745	  	0.000630	  	0.000478	  	0.000436	  	0.000397	  	0.000318	  	0.000246
	 17.4
	  	0.000821	  	0.000692	  	0.000540	  	0.000495	  	0.000452	  	0.000362	  	0.000282
	 17.6
	  	0.000897	  	0.000754	  	0.000602	  	0.000554	  	0.000508	  	0.000406	  	0.000318
	 17.8
	  	0.000973	  	0.000816	  	0.000664	  	0.000613	  	0.000564	  	0.000449	  	0.000354
	 18.0
	  	0.001049	  	0.000878	  	0.000726	  	0.000672	  	0.000620	  	0.000493	  	0.000390
	 18.2
	  	0.001116	  	0.000939	  	0.000772	  	0.000714	  	0.000658	  	0.000530	  	0.000425
	 18.4
	  	0.001184	  	0.001000	  	0.000819	  	0.000756	  	0.000696	  	0.000567	  	0.000460
	 18.6
	  	0.001252	  	0.001061	  	0.000865	  	0.000799	  	0.000735	  	0.000605	  	0.000496
	 18.8
	  	0.001320	  	0.001121	  	0.000912	  	0.000841	  	0.000773	  	0.000642	  	0.000531
	 19.0
	  	0.001388	  	0.001182	  	0.000958	  	0.000883	  	0.000811	  	0.000679	  	0.000566
	 19.2
	  	0.001434	  	0.001222	  	0.000998	  	0.000920	  	0.000844	  	0.000708	  	0.000594
	 19.4
	  	0.001480	  	0.001262	  	0.001038	  	0.000956	  	0.000876	  	0.000737	  	0.000623
	 19.6
	  	0.001526	  	0.001302	  	0.001078	  	0.000992	  	0.000908	  	0.000765	  	0.000652
	 19.8
	  	0.001573	  	0.001342	  	0.001118	  	0.001029	  	0.000941	  	0.000794	  	0.000681
	 20.0
	  	0.001619	  	0.001382	  	0.001158	  	0.001065	  	0.000973	  	0.000823	  	0.000709
	 25.0
	  	0.002734	  	0.002374	  	0.002014	  	0.001893	  	0.001777	  	0.001562	  	0.001383
	 30.0
	  	0.003723	  	0.003230	  	0.002806	  	0.002631	  	0.002459	  	0.002172	  	0.001934

 Source: National Bureau of Standards Interagency Report 77-867. 
 Note 1: Molecular mass of mixture equals S (Xi x Mi). 
 Note 2: For intermediate values of temperature and molecular mass a linear interpolation shall be
applied. 
  

 14 

 ANNEX II 
 MEASUREMENTS AND TESTS FOR GAS AT DELIVERY POINT 
  

	1.	Applicability. The measurement procedures in this Annex II shall apply to the measurement of quantities (volume, energy) Gas delivered by SABINE for Customer’s Account
at the Delivery Point. 

  

	2.	Unit of Measurement. All Gas delivered at the Delivery Point shall be measured in MMBTU. 

  

	3.	Metering. 

  

	 	(a)	Metering Equipment. SABINE shall supply, operate and maintain (or cause to be supplied, operated and maintained at or near the Delivery Point) the following:

  

	 	(i)	meters with redundancy and other equipment as is necessary to accurately measure the volume of Gas delivered at the Delivery Point hereunder; 

  

	 	(ii)	devices for collecting samples and for determining the quality and composition of Gas delivered at the Delivery Point hereunder; and 

  

	 	(iii)	and any other measurement or testing devices which are necessary to perform the measurement and testing required hereunder at the Delivery Point. 

 (collectively, the “Downstream Metering Equipment”). The Downstream Metering Equipment shall be designed and installed in accordance with
the current recommendations of the American Gas Association, Report No. 3 and 9 for Ultrasonic Metering. 
  

	 	(b)	General. A pressure transmitter shall be installed on each meter tube to measure the static pressure at the plane of the upstream differential pressure tapping. The
temperature of the flowing Gas shall be measured on each meter tube by a platinum resistance thermometer installed in a thermowell so that the probe tip is in the center one-third of the pipe. Each meter run shall be provided with a dedicated
microprocessor-based flow computer system powered by an appropriate back-up power supply. 

  

	 	(c)	Measuring and Density Standards. Gas shall be measured by ultrasonic meters. Ultrasonic meters shall be constructed and operated, Gas shall be measured, and properties shall
be determined in accordance with American Gas Association, Report No. 9 and any subsequent modification and amendment thereof. The compressibility and density shall be calculated in accordance with the latest revision of the American Gas
Association, Report No. 9. Metering equipment shall include the use of flow conditioners, straightening vanes, and pulsation dampening devices where necessary. Meter tubes shall be of a design 

  

 1 

 incorporating suitable access for periodic internal inspection, including access for internal inspection
of the upstream side of the flow conditioner. Electronic gas measurement with a continuous readout of pressure, temperature, and Gas flow rate shall be used. All computations shall be made as prescribed in the above cited standard. 
  

	 	(d)	Ultrasonic Metering Standard. All ultrasonic metering shall comply with the American Gas Association, Report No. 9 and any subsequent modification and amendment thereof.

  

	4.	Determination of Gross Heating Value. 

  

	 	(a)	GPA 2261 and 2145. The heating value of the Gas delivered by SABINE at the Delivery Point shall be determined by gas chromatograph. The composition of the Gas shall be
continuously measured by on-line chromatographs. The Gross Heating Value of the Gas shall be calculated using results from the on-line chromatograph. The chromatographs will analyze all hydrocarbon components, up to and including at least the
Nonanes+ group, and inerts having a concentration of greater than zero point zero zero two mole percent (0.002%). The determination of Gas composition shall be in accordance with the GPA Standard 2261 – Analysis for Natural Gas and Similar
Gaseous Mixtures by Gas Chromatography. All physical properties used in quality and quantity calculations shall be based on these compositional analyses and the component values published in GPA 2145, or the latest revision thereof. Water vapor
content shall be included in the component analyses. The sample analysis cycle time shall be less than six (6) minutes. The maximum response time from sample probe to analyzer shall be four (4) minutes. In the event of failure of the
on-line Gas chromatograph, chromatograph analysis of samples collected proportional to the flow through the meters shall be used. Auto-calibration of the Gas chromatograph shall be conducted on a weekly basis or as otherwise mutually agreed by the
Parties. 

  

	 	(b)	GPA 2145. Back-up composite samples of the flowing Gas shall be obtained weekly to be used for relative density (specific gravity), Gross Heating Value, and compressibility
factors in case of electronic failure. Composite sampling of the flowing stream shall be by use of a mutually agreeable continuous sampler, designed and installed to sample proportionally to the flow rate. The end point of each composite sample
chromatographic analysis shall be the Nonane+ fraction, and values for this fraction shall be based on the C9 value in the latest revision of GPA Standard 2145 – Table of Physical Constants of Paraffin Hydrocarbons and Other Components of
Natural Gas. All component values shall be in accordance with such standard. 

  

	 	(c)	Quarterly Deviation Checks. Monthly gas chromatograph deviation checks shall be made on Gas composition mole percentages and resulting Gross Heating Value. Analyses of a
sample of test Gas of known composition resulting when procedures that are in accordance with the above mentioned standards have been 

  

 2 

 applied will be considered as acceptable if the resulting calculated Gross Heating Value is within plus
or minus five (5) BTU per Standard Cubic Foot of the known Gross Heating Value. If the deviation exceeds the tolerance stated, Gross Heating Value, relative density, and compressibility previously calculated will be corrected immediately.
Previous analyses will be corrected to the point where the error occurred. If the point that the error occurred cannot be determined, previous analyses will be corrected for one-half the period since the last verification test, not to exceed a
correction period of six (6) months. 
  

	 	(d)	Corrections for Water Content. The heating value on a dry basis for Gas containing water shall be corrected in accordance with standards followed by the American Gas
Association. Moisture content of flowing Gas shall be determined as often as found necessary in real practice by use of a mutually acceptable calculation or test instrument, which could include a Meco Moisture Analyzer. 

  

	5.	Operating Procedures 

  

	 	(a)	Notice. Prior to conducting operations for measurement, calibration, sampling and analysis provided in Annex II, the Party responsible for such operations shall notify the
appropriate representatives of the other Party, allowing such representatives reasonable opportunity to be present for all operations and computations; provided that the absence of the other Party’s representative after notification and
opportunity to attend shall not prevent any operations and computations from being performed. 

  

	 	(b)	Independent Surveyor. At the request of either Party any measurement, calibration, sampling and analysis shall be witnessed and verified by an independent surveyor mutually
agreed upon by Customer and SABINE. The results of such surveyor’s verifications shall be made available promptly to each Party. 

  

	 	(c)	Preservation of Records. All records of measurement and the computed results shall be preserved by the Party responsible for taking the same, or causing the same to be taken,
and made available to the other Party for a period of not less than three (3) years after such measurement and computation. 

  

	6.	Verification. At least once each month, and in addition, from time to time upon at least two (2) weeks prior written notice by either Party to the other, SABINE shall
verify or cause to be verified the accuracy of the Downstream Metering Equipment. When as a result of such test any of the Downstream Metering Equipment is found to be out of calibration within the accuracy provided by the manufacturer in the
specification for such equipment, no adjustment shall be made to the Fee. If the testing of the Downstream Metering Equipment demonstrates that any meter is out of calibration by more than the accuracy provided by the manufacturer in the
specifications for such equipment, the applicable Downstream Metering Equipment reading for the actual period during which out of calibration measurements were made shall be estimated as follows, in descending order of priority:

  

 3 

	 	(a)	by using the registration of any check meter or meters if installed and accurately registering; 

  

	 	(b)	by correcting the error if the percentage of error is ascertainable by calibration, test, or mathematical calculation; or 

  

	 	(c)	by estimating the quantity of delivery by measuring deliveries during prior periods under similar conditions when any meter was registering accurately. 

 If the actual period that such equipment has been out of calibration cannot be determined to the mutual satisfaction of SABINE and Customer, the
adjustment shall be for a period equal to one-half of the time elapsed since the most recent test. The previous payments made by Customer to SABINE for this period shall be subtracted from the amount of payments that are calculated to have been owed
under this Agreement. The difference (which may be a positive or negative amount) shall be added to the next monthly statement pursuant to Section 11.2. 
  

	7.	Costs. The cost of the monthly testing and calibration of the Downstream Metering Equipment shall be borne by SABINE. The cost of any testing and calibration of the
Downstream Metering Equipment beyond the monthly test permitted above shall also be paid by SABINE, unless the request to test any of the Downstream Metering Equipment is made by Customer and the results of such test requested by Customer
demonstrate that the Downstream Metering Equipment is less than one percent (1%) out of calibration or outside of the accuracy given by the manufacturer, in which case the cost of such testing and calibration shall be for Customer’s
account. Each Party shall comply with any reasonable request of the other Party concerning the sealing of the Downstream Metering Equipment, the presence of a representative of Customer when the seals are broken and tests are conducted, and other
matters affecting the accuracy, testing and calibration of the Downstream Metering Equipment. 

  

	8.	Disputes. Any Dispute arising under this Annex II shall be submitted to an Expert under Section 20.2. 

  

 4 

 EXHIBIT A 
 SABINE PASS SERVICES MANUAL 
 The Sabine Pass Services Manual referred to in Section 3.5 shall address the
following matters and other matters of a similar nature: 
  

	1.	Details associated with the implementation of Sections 5.1 and 5.2 among SABINE, Customer and Other Customers; 

  

	2.	Details associated with the Gas delivery procedures in Section 5.3 among SABINE, Customer and Other Customers; 

  

	3.	Details associated with the content and format of the Sabine Pass Website; 

  

	4.	Details associated with the invoicing process under Article 11 including: 

  

	 	a.	Format of invoices (electronic and original) 

  

	 	b.	Numbering systems/codes for all invoice-related documents. 

  

 A-1 

 EXHIBIT B 
 PORT LIABILITY AGREEMENT 
 THIS PORT LIABILITY AGREEMENT (this “Agreement”) is effective as of
                    , 20    , and is made by and between Sabine Pass LNG L.P., a Delaware limited partnership
(“SABINE”), represented herein by Sabine Pass LNG-GP, Inc., its General Partner, and [INSERT NAME(S) OF VESSEL OWNER(S)], a [TYPE OF ENTITY AND JURISDICTION OF ORGANIZATION] (collectively “Vessel Owner”).

 RECITALS 
 WHEREAS, Vessel Owner, using
the LNG vessel set forth below under its name and signature (“Vessel”), proposes to deliver certain quantities of liquefied natural gas to SABINE at its marine terminal and receiving, storage and regasification facilities located on the
Sabine River, Cameron Parish, Louisiana (as more fully defined below, the “Marine Terminal”); and 
 WHEREAS, Vessel Owner and SABINE
(collectively, the “Parties” and individually a “Party”) have agreed to allocate the risk of and responsibility for loss and damage resulting from an Incident (as defined below) at the Marine Terminal in the
following manner; 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as
follows: 
  

	1.	The following terms shall have the following meanings when used herein: 

 “Affiliate” means, with respect to any Person, any other Person which, directly or indirectly, 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 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 or otherwise. 
 “Incident” means any
occurrence or series of occurrences having the same origin arising out of or relating to the Vessel’s use of the Marine Terminal in which there is any one or more of the following: (i) loss of or damage to the Marine Terminal or the
Vessel; (ii) injury to the employees and agents comprising Terminal Interests or Vessel Interests; (iii) loss or damage, other than to the Marine Terminal or the Vessel, caused or contributed to by the Vessel, including but not limited to,
injury to third parties or damage to the property of third parties; or (iv) an obstruction or danger affecting or interfering with the normal operation of the Marine Terminal or the Port. 
 “Terminal Interests” means: (i) SABINE; (ii) all Affiliates of SABINE; (iii) all Persons (other than the Vessel Interests
and Persons providing fire boats, tugs and escort vessels to Vessel at the Port) employed or providing services at the Marine Terminal in connection with the unloading, storage, or regasification of LNG at the Marine Terminal; and (iv) the
employees and agents of all Persons referred to in this paragraph. 
  

 B-1 

 “Marine Terminal” means SABINE’s marine terminal and LNG receiving, storage and
regasification facilities located at the Port, including all berths, buoys, gear, craft, equipment, plant, facilities and property of any kind (whether afloat or ashore) located thereat or adjacent thereto and in the ownership, possession or control
of the Terminal Interests. 
 “Person” means any individual, firm, corporation, trust, partnership, association, joint
venture (incorporated or unincorporated), or other business entity. 
 “Port” means the port at or near the mouth of the
Sabine River, Cameron Parish, Louisiana, including its anchorage, turning basin and approaches into the Marine Terminal associated therewith. 
 “Vessel Interests” means: (i) Vessel Owner; (ii) all Affiliates participating in the ownership and/or operation of Vessel; (iii) all Persons (other than the Terminal Interests) participating, employed, or
providing services in connection with the ownership or operation (including all operations related to navigation and berthing/unberthing) of the Vessel; and (iv) the employees and agents of all Persons referred to in this paragraph. 

 

	2.	In all circumstances, the master of the Vessel shall remain solely responsible on behalf of the Vessel Interests for the proper navigation and safety of the Vessel and her cargo.

  

	3.	Any liability arising from an Incident shall, as between the Vessel Interests and the Terminal Interests, be borne: (i) by the Vessel Interests alone, if the Vessel Interests
are wholly or partially at fault and the Terminal Interests are not at fault; (ii) by the Terminal Interests alone, if the Terminal Interests are wholly or partially at fault and the Vessel Interests are not at fault; (iii) by the Vessel
Interests and the Terminal Interests, in proportion to the degree of their respective fault, if both are at fault and the degree of such fault can be established; or (iv) by the Vessel Interests and the Terminal Interests equally if neither of
them appears to be at fault or it is not possible to establish the degree of their respective fault. In this regard, any acts or omissions of Persons providing fire boats, tugs and escort vessels to Vessel at the Port shall be deemed to be the
responsibility of the Vessel Interests. 

  

	4.	

  

	 	(i)	SABINE shall be solely responsible for claims brought by any employee and/or member of the family or dependent of any employee of SABINE arising out of or consequent upon the
personal injury, loss or damage to property of, or death of such employee, family member or dependent, and SABINE shall indemnify and hold any Vessel Owner harmless in the event any such employee, or any family member or dependent thereof, or the
executor, administrator, or personal representative of any of the foregoing, shall bring such a claim against any Vessel Owner. 

  

	 	(ii)	The Vessel Owners shall be solely responsible for claims brought by any employee and/or member of the family or dependent of any employee of any Vessel Owner arising out of or
consequent upon the personal injury, loss or 

  

 B-2 

 damage to property of, or death of such employee, family member or dependent, and each Vessel Owner shall
indemnify and hold SABINE harmless in the event any such employee, or any family member or dependent thereof, or the executor, administrator or personal representative of any of the foregoing, shall bring such claim against SABINE. 
  

	 	(iii)	SABINE and the Vessel Owners shall consult together to the extent practicable before either makes any payment which would fall due to be indemnified by the other under the terms of
Sections 4(i) or 4(ii). The indemnities contained in Sections 4(i) and 4(ii) are separate and distinct from, and independent of, the obligations undertaken and the responsibilities and exceptions from and the limitations of liability provided in
Sections 2, 3, 5 and 6 of this Agreement. 

  

	 	(iv)	The cross indemnities provided in this Section 4 are intended to be binding regardless of fault or negligence on the part of the party in whose favor they are being given.

  

	5.	

  

	 	(i)	Subject to Section 5(ii) below, the total aggregate liability of the Vessel Interests to the Terminal Interests, however arising, in respect of any one Incident, shall not
exceed one hundred fifty million U.S. dollars ($150,000,000). Payment of an aggregate sum of one hundred fifty million U.S. dollars ($150,000,000) to any one or more of the Terminal Interests in respect of any one Incident shall be a complete
defense to any claim, suit or demand relating to such Incident made by the Terminal Interests against the Vessel Interests. The liability of the Vessel Interests hereunder shall be joint and several. 

  

	 	(ii)	Vessel Interests shall provide to the Terminal Interests at all times sufficient written evidence that the Vessel’s Protection and Indemnity Association has agreed to:
(a) cover the Vessel Interests as a member of the Association against the liabilities and responsibilities provided for in this Agreement in accordance with its Rules; (b) give the Terminal Interests prior notice of cancellation of the
Vessel’s entry in such Protection and Indemnity Association; and (c) waive in favor of the Terminal Interests all rights of subrogation of claims by the Protection and Indemnity Association against the Terminal Interests to the extent such
claims have been waived in this Agreement by the Vessel Interests. 

  

	6.	As to matters subject to this Agreement and regardless of fault or negligence on the part of any Party, with respect to an Incident: 

  

	 	(i)	except to the extent expressly preserved in this Agreement, Terminal Interests hereby expressly, voluntarily and intentionally waive any right or claims they might otherwise have
against the Vessel Interests under applicable laws or under any port liability agreement or similar port conditions of use previously signed by the Master for the Port; and 

  

 B-3 

	 	(ii)	except to the extent expressly preserved in this Agreement, Vessel Interests hereby expressly, voluntarily and intentionally waive any rights to limit their liability under the
United States Limitation of Vessel Owners Liability Act or any other similar law or convention, as applicable. Such waiver shall include any right to petition a court, arbitral tribunal or other entity for limitation of liability, any right to claim
limitation of liability as a defense in an action, and any other similar right under relevant law. The foregoing waivers shall apply to all Persons claiming through the Terminal Interests or through the Vessel Interests. 

  

	7.	The substantive law of New York, without regard to any conflicts of law principles that could require the application of any other law, shall govern the interpretation of this
Agreement and any dispute, controversy, or claim arising out of, relating to, or in any way connected with this Agreement, including, without limitation, the existence, validity, performance, or breach hereof. 

  

	8.	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. 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized
representatives effective as of the date first set forth above. 
  

			
	SABINE PASS LNG L.P.	  	[INSERT SIGNATURES OF EACH OF VESSEL OWNERS]
		
	 By: SABINE PASS LNG-GP,
 as General
Partner
	  	
		
	By:	  	By:
		
	Title:	  	Title:
		
		  	 As owner of the [Name of Vessel]
 Registration No.
[                    ]
 State of Registry
[                    ]

  

 B-4

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