Document:

Exhibit 4.25

 

Execution Version

 

AGREEMENT FOR THE PROVISION OF PROFESSIONAL
PAYMENT SERVICES 

 

between

 

Hoegh LNG Maritime Management Pte. Ltd.

 

and 

 

Höegh LNG Colombia S.A.S.

 

     

     

    

  

TABLE OF CONTENTS

 

	1.	DEFINITIONS:	3
	 	 	 
	2.	WHEREAS:	3
	 	 	 
	3.	THE SCOPE OF THE AGREEMENT	4
	 	 	 
	4.	OBLIGATIONS OF HLMM	4
	 	 	 
	5.	OBLIGATIONS OF HCOL	4
	 	 	 
	6.	HLMM'S FEE	5
	 	 	 
	7.	LIABILITY AND INDEMNITY	5
	 	 	 
	8.	TAXATION	5
	 	 	 
	9.	CONFIDENTIALITY	6
	 	 	 
	10.	TERM AND TERMINATION	6
	 	 	 
	11.	MISCELLANEOUS	6
	 	 	 
	12.	EVENTS OF DEFAULT	7
	 	 	 
	13.	FORCE MAJEURE	7
	 	 	 
	14.	ASSIGNMENT	7
	 	 	 
	15.	GOVERNING LAW AND DISPUTE RESOLUTION	7

 

    	 	Page 2 of 8	 

     

    

  

AGREEMENT FOR THE PROVISION OF PROFESSIONAL
PAYMENT SERVICES

 

This agreement for the provision of professional
payment services (the “Agreement”) is entered into on 1 October 2016, by and between:

 

Hoegh LNG Maritime Management Pte. Ltd.,
a company incorporated and organised under the laws of Singapore with registration no. 201400632E, having its registered office
at 4 Robinson Road #05-01 The House of Eden, Singapore 048543 ( “HLMM”); and

 

Höegh LNG Colombia S.A.S.,
a company incorporated and organized under the laws of Colombia with registration no. 02667791, having its registered office at
Avenida 82 No. 10 – 62 Bogota, Colombia (“HCOL”).

 

HLMM and HCOL are hereinafter collectively
referred to as the "Parties" and each individually as a "Party".

 

		1.	DEFINITIONS:

 

	“Crew/Employee”	means trained, specialized and technical seafarers employed by HCOL comprised by the Agreement, which payment will be handled by HLMM, as collecting agent, on behalf of HCOL.
	 	 
	"The Effective Date"	means the date of this Agreement. 
	 	 
	"Vessel"	means the FSRU Höegh Grace, IMO No. 9674907 which, at the date of this Agreement, is flagged under Marshall Islands flag. 

  

		2.	WHEREAS:

 

		A.	HLMM and HCOL are both companies in the Höegh LNG Group, with ultimate owner Höegh LNG
Holdings Ltd., a leading owner and operator of floating storage and regasification units (FSRUs). The Höegh LNG Group has
operations in different jurisdictions such as, but not limited to, Colombia, Singapore and Norway.

 

		B.	HCOL is or will be the contractor under the Operation and Services Agreement ("OSA")
executed with Sociedad Portuaria El Cayao ("SPEC"), pursuant to which HCOL will operate the Vessel for SPEC during
the term of the International Lease Agreement ("ILA") executed by and between Höegh LNG FSRU IV Ltd., as
owner of the Vessel, and SPEC.

 

		C.	To properly operate the Vessel, HCOL has engaged, by means of employment agreements, qualified
non Colombian Crew/Employees. Such foreign Crew/Employees do not wish to receive their monthly salary in Colombian currency or
within the Colombian territory.

 

		D.	Given that the foreign Crew/Employees do not qualify as tax residents in Colombia, HCOL has agreed
to pay them abroad and has chosen HLMM to conduct such payment on its behalf.

 

    	 	Page 3 of 8	 

     

    

  

		E.	HLMM has agreed to receive the funds corresponding to the Crew/Employees’ net monthly salaries
and arrange for the payment to the respective accounts of the Crew/Employees on behalf of HCOL.

 

		F.	HLMM has the experience, ability and is willing to provide such professional payment services to
HCOL.

 

NOW, THEREFORE, HLMM will provide
the professional payment services to HCOL in accordance with the terms and conditions hereinafter set forth:

 

		3.	THE SCOPE OF THE AGREEMENT

 

Subject to the terms of this Agreement,
HLMM agrees, under its sole responsibility, technical and administrative autonomy, to provide professional payment services to
HCOL in connection with the payment of the net monthly salaries of the Crew/Employees that will work for HCOL on the Vessel in
Colombia.

 

HLMM shall make the payments to the Crew/Employees
on behalf of HCOL, in the amounts indicated by HCOL and taking into account the payment instructions received by HCOL, as employer
of the Crew/Employees.

 

HLMM agrees to assume all risks involved
in the execution of the services included in this Agreement and will use its own equipment, tools and goods for the execution of
this Agreement.

 

		4.	OBLIGATIONS OF HLMM

 

HLMM will make the monthly payment of the
net salaries of the Crew/Employees on behalf of HCOL within such date that HCOL requests.

 

HLMM shall make the monthly payment of
the net salary to each Crew/Employees of HCOL, in accordance with the amounts indicated by HCOL.

 

HLMM shall submit to HCOL a monthly report
containing the amount paid to each Crew/Employees in the immediately preceding month, as well as the date on which payment was
made.

 

HLMM shall establish and implement a process
ensuring that the services will be rendered with high quality standards.

 

		5.	OBLIGATIONS OF HCOL

 

HCOL shall act as the employer of the Crew/Employees
while the Crew/Employees are in Colombia or working on board the Vessel. The Parties acknowledge and agree that the payment services
that are being rendered to HCOL by HLMM do not, in any way, imply that HLMM is acting as an employer of the Crew/Employees, as
the payments are to be made in the name and on behalf of HCOL and as instructed by HCOL.

 

HCOL undertakes to make a timely funding
to HLMM's designated account(s), in advance of the payment of the monthly net salaries, and to reimburse HLMM for all other expenses
incurred in connection with the services contracted for.

 

    	 	Page 4 of 8	 

     

    

  

HCOL shall arrange for the transfer of
the funds for the net salaries to HLMM no later than seven (7) business days before the date on which HLMM is required to deposit
such monthly payment to the Crew/Employees (the “Deposit Date”). HLMM will have no requirement to make the payroll
disbursement to the Crew/Employees unless funding has been received.

 

HCOL shall provide HLMM with information
and documentation necessary for HLMM to fulfil its obligations under this Agreement, including, but not limited to, a complete
list of the Crew/Employees that will be paid by HLMM on behalf of HCOL, with their net monthly salary and the bank accounts to
which the funds shall be deposited.

 

HCOL shall upon execution of the employment
agreements obtain the relevant authorization from each Crew/Employee required to collect, treat and transfer their personal data
to HLMM, for the purposes of this Agreement.

 

		6.	HLMM'S FEE

 

HCOL shall pay to HLMM a services fee for
HLMM’s services under this Agreement, which is equal to HLMM’s documented costs in relation to the provision of such
services plus a five percent (5.00%) mark-up (the “Fee”). The cost base does not include payroll disbursed to
the Crew/Employees on behalf of HCOL.

 

Invoices for HLMM’s Fee shall be
submitted monthly. All undisputed invoices shall be paid within fifteen (15) days of receipt of such invoice by transfer to HLMM’s
bank account specified by HLMM on the invoice. All payments to HLMM shall be made in USD.

 

If HCOL fails to pay the Fee at the agreed
time, HLMM shall be entitled to claim interest in the amount of three months LIBOR plus 3.00% per annum on any overdue amount.

 

		7.	LIABILITY AND INDEMNITY

 

HLMM shall not be liable for any discrepancy
in payments arising out of erroneous/ duplicate instructions by HCOL. HLMM shall be entitled to rely on the information provided
by HCOL relating to the individual salary amount, Crew/Employee name and account number without independently verifying the information.

 

With the exception of gross negligence
and/ or wilful misconduct committed by HLMM, HLMM shall not be liable for any damage or loss incurred by HCOL under this Agreement.

 

HCOL irrevocably and unconditionally agrees
to indemnify HLMM, its officers, directors, employees and agents from and against any and all reasonable and direct losses, damages,
claims, demands, proceedings, costs (including without limitation reasonable legal costs), expenses and/or actions of whatever
nature, sustained or incurred directly brought or made by any third party against HLMM in connection with HLMM’s provision
of services under this Agreement.

 

		8.	TAXATION

 

HCOL shall be liable for and shall pay
any applicable withholding taxes, customs, duties, levies, excise taxes (including without limitation value added tax, goods and
services tax, use tax and sales tax), deductions or other similar charges imposed by Colombian tax authorities or other Colombian
governmental bodies on HCOL or on the Services.

 

    	 	Page 5 of 8	 

     

    

  

For the avoidance of doubt, HCOL shall
in no event be responsible for the payment of any taxes relating to or arising from (i) HLMM's net income (except if imposed in
Colombia), (ii) HLMM's employees or (iii) HLMM's breach of this Agreement.

 

In circumstances where (i) HCOL has paid
and/or compensated HLMM in respect of taxes imposed in Colombia on HLMM and HLMM obtains a corresponding deduction from net income
taxes in respect of such taxes in their applicable country of domicile; HLMM shall reimburse HCOL for the net amount of such deduction.

 

		9.	CONFIDENTIALITY

 

Information that comes into the possession
of the Parties in connection with this Agreement and the implementation of the Agreement shall be kept confidential and shall not
be disclosed to any third party without the consent of the other Party.

 

The confidentiality obligation shall apply
to the Parties’ employees, subcontractors and other third parties who act on behalf of the Parties in connection with the
implementation of the Agreement. The Parties may only transmit confidential information to such subcontractors and third parties
to the extent necessary for the implementation of the Agreement, and provided that they are subjected to confidentiality obligation
corresponding to that stipulated in this Clause 9.

 

The confidentiality obligation shall continue
to apply after the expiry of the Agreement.

 

		10.	TERM AND TERMINATION

 

This Agreement shall come into effect from
the date of signing of the Agreement by both Parties (the "Effective Date") and shall continue until terminated
by either Party in accordance with this Clause 10.

 

This Agreement shall be terminated by either
Party upon giving three (3) months prior written notice to the other Party.

 

The Parties are entitled to terminate this
Agreement with immediate effect if the other Party is in material breach of this Agreement, and the Party in breach has not rectified
the situation within 10 days after receiving a written notice from the Party claiming the breach.

 

Termination of this Agreement shall not
affect any accrued rights of either Party nor shall it affect the coming into force or the continuance in force of any provision
of this Agreement, which is expressly or by implication intended to come into or continue in force on or after such termination.

 

		11.	MISCELLANEOUS

 

If any provision of this Agreement should
be found to be illegal or invalid, such provision shall form no part of this Agreement, and the other provisions shall remain unaffected
by such circumstances. The Parties shall in such case in good faith use all reasonable efforts to agree a different term, which
is not illegal or invalid and which as nearly as possible reflects the intentions of the Parties.

 

    	 	Page 6 of 8	 

     

    

  

This Agreement constitutes the entire understanding
between the Parties with respect to the subject matter hereof and shall not be altered, modified or amended except in writing executed
by both Parties.

 

		12.	EVENTS OF DEFAULT

 

There is an event of default if either
Party fails to perform its duties under the Agreement. Events of default shall be notified to the Party in default by a written
complaint without undue delay after the event of default has been discovered or ought to have been discovered.

 

Each Party may claim damages in respect
of any direct loss arising from events of default.

 

		13.	FORCE MAJEURE

 

Neither Party shall be liable for any loss,
damage or delay due to any of the following force majeure events and/or conditions to the extent that the Party invoking force
majeure is prevented or hindered from performing any or all of their obligations under this Agreement, provided they have made
all reasonable efforts to avoid, minimise or prevent the effect of such events and/or conditions:

 

		-	acts of God;

		-	any Government requisition, control, intervention,
requirement or interference;

		-	any circumstances arising out of war, threatened act
of war of warlike operations, acts of terrorism, sabotage or piracy, or the consequences thereof;

		-	riots, civil commotion, blockades or embargoes;

		-	epidemics;

		-	earthquakes, landslides, floods or other extraordinary
weather conditions;

		-	strikes, lockouts or other industrial action, unless
limited to the employees (which shall not include the Crew) of the Party seeking to invoke force majeure;

		-	fire, accident explosion except where caused by negligence
of the Party seeking to invoke force majeure; and

		-	any other similar cause beyond the reasonable control
of either Party.

 

		14.	ASSIGNMENT

 

The Parties shall have the right to assign
this Agreement and the rights and obligations hereunder without the prior written consent of the other Party to an affiliate of
the relevant Party.

 

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

 

Nothing contained in this Agreement is
intended to confer upon any person other than the Parties hereto and their respective successors and assigns any rights and remedies
under or by reason of this Agreement.

 

		15.	GOVERNING LAW AND DISPUTE RESOLUTION

 

This Agreement is governed by and shall
be construed in accordance with English Law.

 

The Parties hereto irrevocably submit to
the jurisdiction of the courts in London, England.

 

    	 	Page 7 of 8	 

     

    

  

***

 

This Agreement has been prepared in two
(2) originals, of which each Party has received one.

 

	Hoegh LNG Maritime Management Pte. Ltd.	 
	 	 	 
	By:	/s/ Veronica B. Sandnes	 
	 	 	 
	Name:	Veronica B. Sandnes	 
	Title: 	Attorney-in-fact	 
	Date:	1/11 - 2016	 
	 	 	 
	Höegh LNG Colombia S.A.S.	 
	 	 	 
	By:	/s/ Nils Jakob Hasle	 
	 	 	 
	Name:	Nils Jakob Hasle	 
	Title:	VP SPEC FSRU Project/Attorney-in-fact	 
	Date:	21/10/2016	 

 

    	 	Page 8 of 8Exhibit 4.26

 

Execution Version

 

CREW RECRUITMENT 

CONSULTING SERVICES AGREEMENT

 

between 

 

Hoegh LNG Maritime Management Pte. Ltd.

 

and

 

Höegh LNG Colombia S.A.S. 

 

     

     

    

  

TABLE OF CONTENTS

 

	1	DEFINITIONS	3
	 	 	 
	2	CONSIDERATIONS	4
	 	 	 
	3	PURPOSE	4
	 	 	 
	4	THE SCOPE OF THE AGREEMENT	4
	 	 	 
	5	DELIVERABLES	5
	 	 	 
	6	THE WORKING ARRANGEMENT	5
	 	 	 
	7	OBLIGATIONS OF HLMM	5
	 	 	 
	8	OBLIGATIONS OF HCOL	6
	 	 	 
	9	HLMM'S FEE	7
	 	 	 
	10	TAXES	7
	 	 	 
	11	HCOL'S PAYMENTS	8
	 	 	 
	12	LIABILITY	8
	 	 	 
	13	CONFIDENTIALITY	8
	 	 	 
	14	TERM AND TERMINATION	9
	 	 	 
	15	ASSIGNMENT	9
	 	 	 
	16	MISCELLANEOUS	9
	 	 	 
	17	EVENTS OF DEFAULT	9
	 	 	 
	18	FORCE MAJEURE	10
	 	 	 
	19	GOVERNING LAW AND DISPUTE RESOLUTION	10

 

    	 	Page 2 of 13	 

     

    

  

CREW RECRUITMENT CONSULTING AGREEMENT

 

This agreement (the “Agreement”)
is entered into with effect from 1 October 2016 (the “Effective Date”), for the provision of professional consulting
services for the recruitment process of specialized crew by and between:

 

		1)	Hoegh LNG Maritime Management Pte. Ltd., a company incorporated and organised under the
laws of Singapore with registration no. 201400632E, having its registered office at 4 Robinson Road #05-01 The House of Eden,
Singapore 048543 (“HLMM”); and

 

		2)	Höegh LNG Colombia S.A.S., a company incorporated and organized under the laws of Colombia
with registration no. 02667791, having its registered office at Avenida 82 No. 10 – 62 Bogota, Colombia (“HCOL”).

 

HLMM and HCOL are hereinafter
collectively referred to as the "Parties" and each individually as a "Party".

 

IT IS HEREBY AGREED AS FOLLOWS:

 

		1	DEFINITIONS

 

	"ISM Company"	means the legal entity managing the Vessel in compliance with the International Safety Management (ISM) and International Ship and Port Facility (ISPS) Codes. 
	 	 
	"Crew Insurances"	means insurances of liabilities in respect of Crew/Employee risks, which shall include but not be limited to death, permanent disability, sickness, injury repatriation, shipwreck unemployment indemnity and loss of personal effects.
	 	 
	“Crew/Employee(s)”	means trained and specialized officers hired by HCOL under the advice of HLMM.
	 	 
	"The Effective Date"	means the date of this Agreement. 
	 	 
	"Requirement Specifications"	means the requirements set and described by HLMM, as per the Qualification Specifications from HCOL pursuant to this Agreement regarding the qualifications of the Crew/ Employee(s) that is to be hired by HCOL for the operation of the Vessel. 
	 	 
	“ Qualification Specifications”	means the qualification standards set by HCOL for the provision of professional consulting services by HLMM for the recruitment process of specialized Crew substantially in the form attached as Appendix 1 hereto.
	 	 
	"Deliverable"	means any written advice,  including but not limited to reports, e-mails, spreadsheets, presentations or any other document provided by HLMM in response to any Qualification Specifications placed by HCOL or otherwise under this Agreement.

 

    	 	Page 3 of 13	 

     

    

  

	"Vessel"	means the FSRU “Höegh Grace”, IMO No. No. 9674907, which, at the date of this Agreement, is flagged under Marshall Islands flag. 

 

		2	CONSIDERATIONS

 

		A.	HLMM and HCOL are both companies in the Höegh LNG Group, with ultimate owner Höegh LNG
Holdings Ltd., a leading owner and operator of floating storage and regasification units (FSRUs). The Höegh LNG Group has
operations in different jurisdictions such as, but not limited to, Colombia, Singapore and Norway.

 

		B.	HLMM is an international recruitment, training and employment company for specialized LNG seafarers,
which holds a Certificate of Authorisation to Operate A Seafarer Recruitment and Placement Service issued by the Maritime and Port
Authority of Singapore (Certificate number COA/2014/000111) and which has access to Crew/Employee(s) duly trained as such seafarers.

 

		C.	HCOL is or will be the contractor under the Operation and Services Agreement ("OSA")
executed with Sociedad Portuaria El Cayao ("SPEC"), pursuant to which HCOL will operate the Vessel for SPEC during
the term of the International Lease Agreement ("ILA") executed by and between Höegh LNG FSRU IV Ltd., as
owner of the Vessel, and SPEC.

 

		3	PURPOSE

 

Due to the special need of HCOL to engage
specialized and qualified personnel in order to properly operate the Vessel, HLMM, a company with the required expertise, agrees
to provide its professional consulting services to HCOL.

 

The consulting services will be rendered
as provided for under this Agreement in an autonomous, independent and self-managed way.

 

The Crew/Employee(s) will enter into employment
agreements with HCOL.

 

		4	THE SCOPE OF THE AGREEMENT

 

Subject to the terms of this Agreement,
HLMM agrees, under its sole responsibility, technical, administrative and financial autonomy, to provide professional consulting
services to HCOL in connection with the recruitment of Crew/Employee(s) by HCOL for work on board the Vessel, including but not
limited to the following:

 

		(i)	Follow the Qualification Specifications set by HCOL, that are to be met by the individuals intending
to be hired as Crew/Employee(s) of HCOL, including but not limited to the type of competence and experience that such Crew/Employee(s)
should possess in order to participate in the recruitment process;

 

		(ii)	Evaluate and recommend to HCOL the individuals that meet the Qualification Specifications;

 

		(iii)	Ensure that the individuals selected meet all the requirements, are duly trained and capable to
properly operate the Vessel in Colombia;

 

		(iv)	Ensure that the individuals selected have in place all the required insurances in order to render
their services on-board the Vessel;

 

		(v)	Keep a back-up or contingency pool of potential individuals for hire by HCOL, for those extraordinary
events in which HCOL is in the need to rotate/replace its Crew/Employee(s), for any reason whatsoever on a short notice;

 

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		(vi)	Make the relevant and necessary arrangements, even with third parties, in order to identify the
potential Crew/Employee(s) of HCOL; and,

 

		(vii)	Handle any other matters in furtherance to HCOL’s recruitment process, including but not
limited to suggestions and advice pertaining to the specific individuals that should be considered in the processes that are to
be carried out in order to fill the open positions for the Vessel Crew/Employee(s), in order to ensure that each and all of the
Crew/Employee(s) are trained as specialized and technical seafarers.

 

		(viii)	After HCOL has accepted each individual for employment, HLMM and its sub contractors have both
the obligation and right to issue and sign the Employment Agreement (“EA”), on behalf of HCOL. HCOL shall pre-approve
the EA format and conditions.

 

		(ix)	HLMM shall arrange travel and other travel formalities for Crew/Employee(s) and inform HCOL accordingly.

 

		(x)	HCOL shall arrange visa and working permits for the Crew/Employee(s) when applicable.

 

		5	DELIVERABLES

 

In response to the Qualification Specifications
set by HCOL, HLMM shall identify and suggest individuals to be employed by HCOL in order to fill the required positions on-board
the Vessel.

 

HLMM will include the CV and any other
relevant information in connection with the suggested individuals.

 

As the Crew/Employee(s) will be employed
by HCOL on definite basis, HLMM shall provide information and suggest individuals on an ongoing basis, ensuring that all required
positions on-board the Vessel are filled at any point in time.

 

Deliverables as well as any other information
to be sent among the Parties may be sent via e-mail.

 

		6	THE WORKING ARRANGEMENT

 

Once the recruitment processes have been
concluded, the selected individuals will be hired by HCOL under EAs. During the term of these EAs, the Crew/Employee(s) shall be
under the continued subordination, instruction and supervision of HCOL following orders, related but not limited to, safety and
navigation, avoidance of pollution and protection of the environment.

 

When the Crew/Employee(s) are working on-board
the Vessel, they shall be bound by the rules and guidelines laid down by HCOL and the ISM Company.

 

		7	OBLIGATIONS OF HLMM

 

Due to the need of specialized personnel
to operate the Vessel properly, according to the specialized competence required in the relevant industry, HLMM shall be responsible
for providing adequate and accurate advice in connection with the recruitment process, according to the scope described in Clause
4 (The Scope of the Agreement) above.

 

Before suggesting any individual as eligible
for any vacant position, HLMM shall ensure that each of the suggested individuals complies with the formal qualifications and other
specific criteria required as per the Qualification Specifications. HLMM’s responsibility in relation to the Crew/Employee(s)
formal qualification and other specific criteria is limited to the exercise of due diligence in the selection process, which can
be documented.

 

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HLMM shall select and recommend to HCOL
such individuals that could qualify as Crew/Employee(s) of HCOL in accordance with the applicable Qualification Specifications.
If the suggested individuals do not meet the applicable Qualification Specifications and/or are not employed by HCOL, HLMM shall
as soon as possible provide HCOL with additional suggestions of qualified individual(s) fulfilling such Qualification Specifications.
HLMM shall have a quality system verifying that HLMM’s services satisfy HCOL’s needs and requirements. HLMM is not
responsible towards HCOL if a matter for which HCOL is responsible prevents the Crew/Employee(s) from conducting the work in a
satisfying manner. The same applies for matters for which a third party is responsible.

 

HLMM shall ensure a back-up of individuals
that meet the Qualification Specifications and therefore could immediately be hired as Crew/Employee(s) of HCOL for those extraordinary
events in which HCOL must fill a position more quickly than normal.

 

The cost for such contingency pool service
is to be agreed between the Parties on an annual basis and paid by HCOL at cost. The budget for such costs for 2017 is included
in Appendix 2.

 

HLMM shall arrange for competence development
services, which include the training required to assure that there are available candidates that have the skills and qualifications
required for the proper operation of the Vessel.

 

The cost for such competence development/training
is to be agreed between the Parties on an annual basis and paid by HCOL at cost. The budget for such costs for 2017 is included
in Appendix 2.

 

HLMM shall ensure that the Crew/Employee(s)
are covered by satisfactory insurances. However, HCOL will arrange the Protection and Indemnity (P&I) Insurance. The cost for
such insurances is to be agreed between the Parties on an annual basis and paid by HCOL at cost.

 

The budget for such costs for 2017 is included
in Appendix 2.

 

HLMM shall obtain from the potential Crew/Employee(s)
the relevant authorization in order to collect, treat and transfer their personal data to HCOL for the purposes agreed to in this
Agreement.

 

HLMM shall avoid any intervention in the
main activities of HCOL that are not related to the purpose of this Agreement.

 

HLMM agrees to observe and comply with
all laws and any other regulation relating to its business, and to meet any and all legal requirements arising from the implementation
of the services. HLMM will exclusively be responsible for the imposition of all fines or penalties and any injury suffered by HCOL
due to the lack of compliance of HLMM’s obligations foreseen in this Clause 7.

 

		8	OBLIGATIONS OF HCOL

 

HCOL shall provide HLMM with the Qualification
Specifications.

 

HCOL shall exercise subordination as unique
employer of the Crew/Employee(s) when such Crew/Employee(s) are working on-board the Vessel. Thus, HCOL shall ultimately be responsible
for the daily management and guidance of the Crew/Employee(s) and the work to be conducted.

 

During the term of the EAs and when Crew/Employee(s)
are working on-board the Vessel, HCOL, as employer party, is responsible for the working conditions on the work place being in
compliance with applicable rules and regulations and that the work conditions are arranged in order for the Crew/Employee(s) to
be able to conduct their work.

 

HCOL shall ensure that the requirements
of the laws of the Vessel’s flag state are satisfied (including compliance with all applicable Maritime Labour Convention
provisions).

 

HCOL shall ensure that the Crew/Employee(s),
before entering the Vessel, are properly familiarised with their duties in accordance with the ISM Code and the Vessel’s
Ship Management Systems (SMS) and that instructions essential to the SMS are identified, documented and given to the Crew/Employee(s)
prior to sailing.

 

    	 	Page 6 of 13	 

     

    

  

HCOL shall ensure that the Employee(s)
shall be bound by HCOL’s safety instructions and work regulations and other regulations relevant for the work place and the
work to be performed. HCOL shall be responsible for providing the Employee(s) with relevant training and information on necessary
HSSEQ rules applicable for the work place and the work to be performed.

 

HCOL shall be solely responsible for damage/loss/lack
of work performance caused by any act or omission of the Crew/Employee(s) during the performance of the work, causing damage or
loss to HCOL or a third party.

 

HCOL is responsible for compliance with
applicable rules and regulations relevant for the Crew/Employee(s) and the work to be conducted.

 

HCOL shall provide HLMM with information
and documentation necessary in order for HLMM to fulfil its obligations according to this Agreement. HCOL shall as soon as possible
provide HLMM with such information and documentation as requested by HLMM. This includes approval of suggested Crew/Employee(s)
from HLMM to be employed by HCOL.

 

HCOL will arrange the Protection and Indemnity
(P&I) Insurance.

 

		9	HLMM'S FEE

 

In consideration of the services provided
pursuant to this Agreement, HLMM shall have the right to receive from HCOL the following fees (the “Fee”):

 

		(i)	An amount corresponding to an agreed proportion of HLMM’s direct and indirect administrative
costs (including for the avoidance of doubt, both HLMM man hours and any relevant work/service of any HLMM sub-contractor);

 

		(ii)	The amount paid by HLMM to any manning agent or third party used for obtaining candidates suitable
for each recruitment process;

 

		(iii)	HLMM shall add a 5% service fee on the invoiced amounts under para 9 (i) – (ii).

 

		(iv)	All other expenses related to the services by HLMM to HCOL shall be regarded as “Cost pass
through” and not valid as the basis for any service fee.

 

		10	TAXES

 

HCOL shall be liable for and shall pay
any applicable withholding taxes, customs, duties, levies, excise taxes (including without limitation value added tax, goods and
services tax, use tax and sales tax), deductions or other similar charges imposed by Colombian tax authorities or other Colombian
governmental bodies on HLMM or on the Services.

 

For the avoidance of doubt, HCOL shall
in no event be responsible for the payment of any taxes relating to or arising from (i) HLMM's net income (except if imposed in
Colombia), (ii) HLMM's employees or (iii) HLMM's breach of this Agreement.

 

In circumstances where (i) HCOL has paid
and/or compensated HLMM in respect of taxes imposed in Colombia upon HLMM and HLMM obtains a corresponding deduction from net income
taxes in respect of such taxes in their applicable country of domicile; HLMM shall reimburse HCOL for the net amount of such deduction.

 

    	 	Page 7 of 13	 

     

    

  

		11	HCOL'S PAYMENTS

 

HLMM shall on a monthly basis submit specified
invoices for services rendered in the preceding calendar month. Fees that are calculated on a yearly basis will also be invoiced
on a monthly basis in proportionate monthly payments. All undisputed invoices shall be paid within fifteen (15) days of receipt
of such invoice by transfer to HLMM’s bank account specified by HLMM on the invoice. All payments to HLMM shall be made in
USD.

 

If HCOL fails to pay at the agreed time,
HLMM shall be entitled to claim interest in the amount of three months LIBOR plus 3 % per annum on any overdue amount.

 

		12	LIABILITY

 

HLMM will take reasonable care in performing
the services, and HLMM has no reason to believe any information presented by HCOL to be untrue. The Parties agree that HCOL’s
own knowledge of its requirements is greater, and that it is therefore HCOL’s sole responsibility to satisfy itself as to
the skills and suitability of the Crew/Employee(s). By allowing the commencement of services, HCOL acknowledges that it has satisfied
itself as to such skills and suitability.

 

HCOL acknowledges and agrees that the Crew/Employee(s)
is under the control of HCOL, and therefore HLMM is not liable for any wrongful negligent or unlawful acts defaults or omissions
of the Crew/Employee(s) whilst performing his employment.

 

Neither Party enters this Agreement on
the basis of or relying on any representation, warranty or other provision except as expressly provided in writing, and all other
terms implied by statute or common law are excluded so far as legally permitted. Liability or remedy for innocent or negligent
(but not fraudulent) misrepresentation is excluded.

 

Liability is neither excluded nor limited
for death, personal injury, fraud, repudiatory breach, or otherwise where it is not lawful to do so.

 

Subject thereto,

 

		(a)	liability for consequential loss or damage of any kind or for loss of profit, business, revenue,
goodwill or anticipated savings is expressly excluded;

 

		(b)	the total liability of HLMM and any person providing services on its behalf is limited to the 5%
service fee in Clause 9 (iii) for –one (1) year; and

 

		(c)	these provisions on limitation and exclusion shall operate for the benefit of all potentially liable
persons.

 

		13	CONFIDENTIALITY

 

The Parties acknowledge that during the
performance of the services hereunder, each of the Parties may receive from the other Party personal information subject to legal
protection. Each Party shall process, use and collect the information provided by the other Party in accordance with applicable
laws.

 

Information that comes into the possession
of the Parties in connection with the Agreement and the implementation of the Agreement shall be kept confidential, and shall not
be disclosed to any third party without the consent of the other Party.

 

    	 	Page 8 of 13	 

     

    

  

The confidentiality obligation shall apply
to the Parties’ employees, subcontractors and other third parties who act on behalf of the Parties in connection with the
implementation of the Agreement. The Parties may only transmit confidential information to such subcontractors and third parties
to the extent necessary for the implementation of the Agreement and provided that they are subjected to confidentiality obligation
corresponding to that stipulated in this Clause 13.

 

The confidentiality obligation shall continue
to apply after the expiry of the Agreement.

 

		14	TERM AND TERMINATION

 

This Agreement shall come into effect from
the date stated at the beginning of the Agreement and shall continue until terminated by either Party in accordance with this Clause
14.

 

This Agreement shall be terminated by either
Party upon giving three (3) months prior written notice to the other Party.

 

The Parties are entitled to terminate this
Agreement with immediate effect if the other Party is in material breach of this Agreement, and the Party in breach has not rectified
the situation within thirty (30) days after receiving a written notice from the Party claiming the breach.

 

Termination of this Agreement shall not
affect any accrued rights of either Party nor shall it affect the coming into force or the continuance in force of any provision
of this Agreement, which is expressly or by implication intended to come into or continue in force on or after such termination.

 

		15	ASSIGNMENT

 

The Parties shall have the right to assign
this Agreement and the rights and obligations hereunder without the prior written consent of the other Party to an affiliate of
the relevant Party.

 

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

 

Nothing contained in this Agreement is
intended to confer upon any person other than the Parties hereto and their respective successors and assigns any rights and remedies
under or by reason of this Agreement.

 

		16	MISCELLANEOUS

 

If any provision of this Agreement should
be found to be illegal or invalid, such provision shall form no part of this Agreement, and the other provisions shall remain unaffected
by such circumstances. The Parties shall in such case in good faith use all reasonable efforts to agree a different term that is
not illegal or invalid and which as nearly as possible reflects the intentions of the Parties.

 

This Agreement constitutes the entire understanding
between the Parties with respect to the subject matter hereof and shall not be altered, modified or amended except in writing executed
by both Parties.

 

		17	EVENTS OF DEFAULT

 

There is an event of default if either
Party fails to perform its duties under the Agreement. Events of default shall be notified to the Party in default by a written
complaint without undue delay after the event of default has been discovered or ought to have been discovered.

 

Each Party may claim damages in respect
of any direct loss arising from events of default in accordance with this Clause 17.

 

    	 	Page 9 of 13	 

     

    

  

		18	FORCE MAJEURE

 

Neither Party shall be liable for any loss,
damage or delay due to any of the following force majeure events and/or conditions to the extent that the Party invoking force
majeure is prevented or hindered from performing any or all of their obligations under this Agreement, provided they have made
all reasonable efforts to avoid, minimise or prevent the effect of such events and/or conditions:

 

		-	acts of God;

		-	any Government requisition, control, intervention,
requirement or interference;

		-	any circumstances arising out of war, threatened act
of war of warlike operations, acts of terrorism, sabotage or piracy, or the consequences thereof;

		-	riots, civil commotion, blockades or embargoes;

		-	epidemics;

		-	earthquakes, landslides, floods or other extraordinary
weather conditions;

		-	strikes, lockouts or other industrial action, unless
limited to the Employees (which shall not include the Crew) of the Party seeking to invoke force majeure;

		-	fire, accident explosion except where caused by negligence
of the Party seeking to invoke force majeure; and

		-	any other similar cause beyond the reasonable control
of either Party.

 

		19	GOVERNING LAW AND DISPUTE RESOLUTION

 

This Agreement is governed by and shall
be construed in accordance with English Law.

 

The Parties hereto irrevocably submit to
the jurisdiction of the courts in London, England.

 

***

 

    	 	Page 10 of 13	 

     

    

  

This Agreement has been prepared in two
(2) originals, of which each Party has received one.

 

	Hoegh LNG Maritime Management Pte. Ltd.	 
	 	 	 
	By:	/s/ Veronica B. Sandnes	 
	 	 	 
	Name:	Veronica B. Sandnes	 
	Title:	Attorney-in-fact	 
	Date:	1/11 - 2016	 
	 	 	 
	Höegh LNG Colombia S.A.S.	 
	 	 	 
	By:	/s/ Nils Jakob Hasle	 
	 	 	 
	Name:	Nils Jakob Hasle	 
	Title:	Attorney-in-fact	 
	Date:	17/10/2016	 

 

Enclosures:

 

	Appendix 1	Qualification Specifications
	 	 
	Appendix 2	Budget 2017

 

    	 	Page 11 of 13	 

     

    

  

APPENDIX
1 

 

QUALIFICATION SPECIFICATIONS 

 

As a minimum, HCOL would require Crew/Employee(s)
that will allow HCOL to comply with the following requirements set out in the FSRU Operation and Services Agreement (“OSA”)
between HCOL and SPEC:

 

		·	The Vessel shall have a full and efficient
complement of master, officers and crew for a vessel of her tonnage, which shall in any event be not less than the number and nationality
required by the laws of the flag registry and under Colombian Law and who shall be trained to operate the Vessel and her equipment
competently and safely.

 

		·	All shipboard personnel shall hold valid
certificates of competence in accordance with the requirements of the laws of the flag registry and any requirements of Colombian
Laws necessary for the Vessel to trade therein.

 

		·	All shipboard personnel shall be trained
and certified to a standard customary for a Reasonable and Prudent Operator (as defined) and in accordance with the relevant provisions
of the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1995 or any additions,
modifications or subsequent versions thereof.

 

In addition the following requirements
will apply:

 

		·	Training matrix for each position on board
with future revisions and modifications.

 

		·	Other training and competence requirements
that may be communicated between the Parties.

 

    	 	Page 12 of 13	 

     

    

  

APPENDIX 2

 

BUDGET 2017 

  

	Crew contingency pool:	 	USD	 	 	29,000	 
	Competence development services:	 	USD	 	 	150,000	 
	Insurance costs:	 	USD	 	 	98,000	 

 

    	 	Page 13 of 13

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