Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 
 SECOND
AMENDED AND RESTATED CREDIT AGREEMENT (TERM LOAN A) 
 Dated as of June 30, 2015 

among 
 SABINE PASS LIQUEFACTION,
LLC, 
 as the Borrower 

SOCIÉTÉ GÉNÉRALE, 

as the Commercial Banks Facility Agent 

SOCIÉTÉ GÉNÉRALE, 

as the Common Security Trustee and 

COMMERCIAL BANK LENDERS PARTY TO THIS AGREEMENT 

FROM TIME TO TIME, 
 and for the
benefit of 
 SG AMERICAS SECURITIES, LLC, 

as Joint Lead Arranger and Joint Lead Bookrunner 

SOCIÉTÉ GÉNÉRALE, 

as Co-Syndication Agent 
 THE BANK
OF NOVA SCOTIA, HSBC BANK USA, NATIONAL ASSOCIATION, 
 ING CAPITAL LLC, JPMORGAN CHASE BANK, N.A., MORGAN STANLEY SENIOR FUNDING, INC., 

and SUMITOMO MITSUI BANKING CORPORATION, 

as Joint Lead Arrangers, Joint Lead Bookrunners, and Co-Documentation Agents 

ABN AMRO CAPITAL USA LLC, BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH, 

BANCO SANTANDER, S.A., BANK OF AMERICA, N.A., THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, CREDIT SUISSE SECURITIES (USA) LLC, 

GOLDMAN SACHS BANK USA, INTESA SANPAOLO S.P.A., NEW YORK BRANCH, MIZUHO BANK, LTD., 

ROYAL BANK OF CANADA, and SANTANDER BANK, N.A., 

as Joint Lead Arrangers, Joint Lead Bookrunners, and Co-Syndication Agents 

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED NEW YORK BRANCH and 

LLOYDS SECURITIES INC., 
 as
Mandated Lead Arrangers 
 and 

CAIXABANK, S.A., and LANDESBANK BADEN-WÜRTTEMBERG, NEW YORK BRANCH, 

as Managers 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
		
	ARTICLE I             DEFINITIONS AND INTERPRETATION	  	 	  5	  
				
		  	Section 1.01	  	Defined Terms	  	 	  5	  
				
		  	Section 1.02	  	Principles of Interpretation	  	 	  5	  
				
		  	Section 1.03	  	UCC Terms	  	 	  5	  
				
		  	Section 1.04	  	Accounting and Financial Determinations	  	 	  5	  
				
		  	Section 1.05	  	Loan Tranches	  	 	  5	  
		
	ARTICLE II             COMMITMENTS AND BORROWING	  	 	  6	  
				
		  	Section 2.01	  	Commercial Bank Loans	  	 	  6	  
				
		  	Section 2.02	  	Notice of Borrowings	  	 	  7	  
				
		  	Section 2.03	  	Borrowing of Loans	  	 	  7	  
				
		  	Section 2.04	  	Termination or Reduction of Commitments	  	 	10	  
		
	ARTICLE III            REPAYMENTS, PREPAYMENTS, INTEREST AND FEES	  	 	11	  
				
		  	Section 3.01	  	Repayment of Commercial Bank Loan Borrowings	  	 	11	  
				
		  	Section 3.02	  	Interest Payment Dates	  	 	11	  
				
		  	Section 3.03	  	Interest Rates	  	 	12	  
				
		  	Section 3.04	  	Conversion Options	  	 	13	  
				
		  	Section 3.05	  	Post-Maturity Interest Rates; Default Interest Rates	  	 	13	  
				
		  	Section 3.06	  	Interest Rate Determination	  	 	13	  
				
		  	Section 3.07	  	Computation of Interest and Fees	  	 	13	  
				
		  	Section 3.08	  	Optional Prepayment	  	 	14	  
				
		  	Section 3.09	  	Mandatory Prepayment	  	 	15	  
				
		  	Section 3.10	  	Time and Place of Payments	  	 	15	  
				
		  	Section 3.11	  	Borrowings and Payments Generally	  	 	16	  
				
		  	Section 3.12	  	Fees	  	 	17	  
				
		  	Section 3.13	  	Pro Rata Treatment	  	 	17	  
				
		  	Section 3.14	  	Sharing of Payments	  	 	18	  
		
	ARTICLE IV            LIBOR AND TAX PROVISIONS	  	 	19	  
				
		  	Section 4.01	  	LIBOR Lending Unlawful	  	 	19	  
				
		  	Section 4.02	  	Inability to Determine LIBOR	  	 	20	  
				
		  	Section 4.03	  	Increased Costs	  	 	20	  

  
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	 	  	 	  	 	  	Page	 
				
		  	Section 4.04	  	Obligation to Mitigate	  	 	22	  
				
		  	Section 4.05	  	Funding Losses	  	 	24	  
				
		  	Section 4.06	  	Taxes	  	 	25	  
		
	ARTICLE V             REPRESENTATIONS AND WARRANTIES	  	 	30	  
				
		  	Section 5.01	  	Incorporation of Common Terms Agreement	  	 	30	  
		
	ARTICLE VI            CONDITIONS PRECEDENT	  	 	30	  
				
		  	Section 6.01	  	Conditions to Closing Date	  	 	30	  
				
		  	Section 6.02	  	Conditions to Initial Advance	  	 	30	  
				
		  	Section 6.03	  	Conditions to Train 6 Initial Advance	  	 	30	  
				
		  	Section 6.04	  	Conditions to Each Commercial Bank Loan Borrowing	  	 	30	  
		
	ARTICLE VII          COVENANTS	  	 	31	  
				
		  	Section 7.01	  	Covenants	  	 	31	  
		
	ARTICLE VIII        DEFAULT AND ENFORCEMENT	  	 	31	  
				
		  	Section 8.01	  	Events of Default	  	 	31	  
				
		  	Section 8.02	  	Acceleration Upon Bankruptcy	  	 	31	  
				
		  	Section 8.03	  	Acceleration Upon Other Event of Default	  	 	31	  
				
		  	Section 8.04	  	Action Upon Event of Default	  	 	32	  
				
		  	Section 8.05	  	Application of Proceeds	  	 	33	  
		
	ARTICLE IX            THE COMMERCIAL BANKS FACILITY AGENT	  	 	34	  
				
		  	Section 9.01	  	Appointment and Authority	  	 	34	  
				
		  	Section 9.02	  	Rights as a Lender or Secured Hedging Party	  	 	35	  
				
		  	Section 9.03	  	Exculpatory Provisions	  	 	35	  
				
		  	Section 9.04	  	Reliance by Commercial Banks Facility Agent	  	 	36	  
				
		  	Section 9.05	  	Delegation of Duties	  	 	37	  
				
		  	Section 9.06	  	Indemnification by the Lenders	  	 	37	  
				
		  	Section 9.07	  	Resignation or Removal of Commercial Banks Facility Agent	  	 	38	  
				
		  	Section 9.08	  	No Amendment to Duties of Commercial Banks Facility Agent Without Consent	  	 	39	  
				
		  	Section 9.09	  	Non-Reliance on Commercial Banks Facility Agent and Commercial Bank Lenders	  	 	39	  
				
		  	Section 9.10	  	 No Joint Lead Arranger, Joint Lead Bookrunner, Co-Syndication Agent, or Co-Documentation Agent Duties
	  	 	40	  
				
		  	Section 9.11	  	Copies	  	 	40	  

  
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	 	  	 	  	 	  	Page	 
		
	ARTICLE X             MISCELLANEOUS PROVISIONS	  	 	40	  
				
		  	Section 10.01	  	Amendments, Etc	  	 	40	  
				
		  	Section 10.02	  	Entire Agreement	  	 	43	  
				
		  	Section 10.03	  	Applicable Government Rule; Jurisdiction; Etc	  	 	43	  
				
		  	Section 10.04	  	Assignments	  	 	45	  
				
		  	Section 10.05	  	Benefits of Agreement	  	 	50	  
				
		  	Section 10.06	  	Costs and Expenses	  	 	50	  
				
		  	Section 10.07	  	Counterparts; Effectiveness	  	 	51	  
				
		  	Section 10.08	  	Indemnification by the Borrower	  	 	52	  
				
		  	Section 10.09	  	Interest Rate Limitation	  	 	54	  
				
		  	Section 10.10	  	No Waiver; Cumulative Remedies	  	 	54	  
				
		  	Section 10.11	  	Notices and Other Communications	  	 	54	  
				
		  	Section 10.12	  	Patriot Act Notice	  	 	57	  
				
		  	Section 10.13	  	Payments Set Aside	  	 	57	  
				
		  	Section 10.14	  	Right of Setoff	  	 	58	  
				
		  	Section 10.15	  	Severability	  	 	58	  
				
		  	Section 10.16	  	Survival	  	 	58	  
				
		  	Section 10.17	  	Treatment of Certain Information; Confidentiality	  	 	59	  
				
		  	Section 10.18	  	Waiver of Consequential Damages, Etc	  	 	61	  
				
		  	Section 10.19	  	Waiver of Litigation Payments	  	 	61	  
				
		  	Section 10.20	  	Reinstatement	  	 	61	  
				
		  	Section 10.21	  	No Recourse	  	 	61	  
				
		  	Section 10.22	  	Intercreditor Agreement	  	 	62	  
				
		  	Section 10.23	  	Termination	  	 	62	  

  
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	 	  	 	  	 	  	Page
			
	SCHEDULES	  		  	
			
	Schedule 2.01 -	  	Lenders, Commitments	  	
	Schedule 3.01(a) -	  	Amortization Schedule	  	
	Schedule 10.11 -	  	Notice Information	  	
			
	EXHIBITS	  		  	
			
	Exhibit A    -	  	Definitions	  	
	Exhibit B    -	  	Form of Commercial Bank Loan Note	  	
	Exhibit C    -	  	Form of Interest Period Notice	  	
	Exhibit D    -	  	Form of Lender Assignment Agreement	  	
	Exhibit E-1 -	  	Form of U.S. Tax Compliance Certificate (For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)	  	
	Exhibit E-2 -	  	Form of U.S. Tax Compliance Certificate (For Non-U.S. Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)	  	
	Exhibit E-3 -	  	Form of U.S. Tax Compliance Certificate (For Non-U.S. Participants That Are Partnerships For U.S. Federal Income Tax Purposes)	  	
	Exhibit E-4 -	  	Form of U.S. Tax Compliance Certificate (For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)	  	

  
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 This SECOND AMENDED AND RESTATED CREDIT AGREEMENT (TERM LOAN A) (this
“Agreement”), dated as of June 30, 2015, is made among SABINE PASS LIQUEFACTION, LLC, a limited liability company organized and existing under the laws of the State of Delaware (the “Borrower”),
SOCIÉTÉ GÉNÉRALE, as Commercial Banks Facility Agent, SOCIÉTÉ GÉNÉRALE, as Common Security Trustee, each of the Commercial Bank Lenders from time to time party hereto, and for the benefit of
ABN AMRO CAPITAL USA LLC, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, BANCO SANTANDER, S.A.,
as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, BANK OF AMERICA, N.A., as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, THE BANK OF NOVA SCOTIA, as Joint Lead Arranger, Joint Lead Bookrunner, and
Co-Documentation Agent, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as Joint Lead Arranger, Joint Lead Bookrunner, and
Co-Syndication Agent, CREDIT SUISSE SECURITIES (USA) LLC, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, GOLDMAN SACHS BANK USA, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, HSBC BANK USA,
NATIONAL ASSOCIATION, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Documentation Agent, ING CAPITAL LLC, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Documentation Agent, INTESA SANPAOLO S.P.A., NEW YORK BRANCH, as Joint Lead
Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, JPMORGAN CHASE BANK, N.A., as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Documentation Agent, LANDESBANK BADEN-WÜRTTEMBERG, NEW YORK BRANCH, as Manager, MIZUHO BANK, LTD., as
Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, MORGAN STANLEY SENIOR FUNDING, INC., as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Documentation Agent, ROYAL BANK OF CANADA, as Joint Lead Arranger, Joint Lead
Bookrunner, and Co-Syndication Agent, SANTANDER BANK, N.A., as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication Agent, and SOCIÉTÉ GÉNÉRALE, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Syndication
Agent, and SUMITOMO MITSUI BANKING CORPORATION, as Joint Lead Arranger, Joint Lead Bookrunner, and Co-Documentation Agent. 

WHEREAS, Sabine Pass LNG, L.P. (“SPLNG”), an indirect wholly owned subsidiary of Cheniere Energy Partners, L.P. (the
“Sponsor”), owns and operates the Sabine Pass LNG Terminal (“Sabine Pass Terminal”) located in Cameron Parish, Louisiana. The Sabine Pass Terminal has LNG regasification and send-out capacity of approximately 4.3
Bcf/d, storage capacity of approximately 16.9 Bcfe and two marine berths; 

 WHEREAS, the Borrower intends to design, engineer, develop, procure, construct, install,
complete, own, operate and maintain up to six liquefaction trains, each with a nominal production capacity of at least 182,500,000 MMBtu per annum, that will add liquefaction services at the Sabine Pass Terminal and convert the Sabine Pass Terminal
into a facility capable of liquefying and exporting domestic U.S. natural gas in addition to importing and regasifying foreign-sourced LNG; 

WHEREAS, the Borrower and the Commercial Banks Facility Agent, the Common Security Trustee, and the Commercial Bank Lenders party
thereto (in their capacity as construction/term loan lenders thereunder) entered into that certain Credit Agreement (Term Loan A), dated as of July 31, 2012, as amended by that certain Second Omnibus Amendment (the “Second Omnibus
Amendment”), dated as of January 9, 2013 (as so amended, the “Original Credit Agreement”) and as amended and restated by the Amended and Restated Credit Agreement (Term Loan A), dated as of May 28, 2013, as
amended by that certain First Amendment to Amended and Restated Credit Agreement (Term Loan A), dated as of March 21, 2014 (as so amended and restated, the “Amended and Restated Credit Agreement”), pursuant to which such
Commercial Bank Lenders party thereto (in such capacity) agreed to provide, upon the terms and conditions set forth therein, the loans described therein and to finance the construction of the first four trains of the Project; 

WHEREAS, the Borrower and the Secured Debt Holder Group Representatives party thereto, the Secured Hedge Representatives party thereto,
the Secured Gas Hedge Representatives party thereto, the Common Security Trustee and the Intercreditor Agent entered into that certain Common Terms Agreement, dated as of July 31, 2012, as amended by that certain First Amendment to Common Terms
Agreement, dated as of November 6, 2012, as further amended by that certain Omnibus Amendment, dated as of January 9, 2013, and as further amended by the Second Omnibus Agreement, and as amended and restated by the Amended and Restated
Common Terms Agreement, dated as of May 28, 2013, as amended by that certain Amendment to the Common Terms Agreement, dated as of November 20, 2013, as further amended by that certain Amendment to Common Terms Agreement, dated as of
April 10, 2014, as further amended by that certain Amendment to Common Terms Agreement, dated as of June 10, 2014, as further amended by that certain Amendment to Common Terms Agreement, dated as of May 12, 2015 (as so amended and
restated, the “Amended and Restated Common Terms Agreement”), that sets out certain provisions regarding, among other things, common representations and warranties of the Borrower, common covenants of the Borrower, and common Events
of Default under certain of the Secured Debt Instruments (as defined in the Amended and Restated Common Terms Agreement); 

  
 2 

 WHEREAS, the Borrower, the Secured Debt Holder Group Representatives party thereto, the
Secured Hedge Representatives party thereto, the Secured Gas Hedge Representatives party thereto, the Common Security Trustee and the Intercreditor Agent entered into that certain Intercreditor Agreement, dated as of July 31, 2012, as amended
by the Second Omnibus Amendment, as amended and restated by the Amended and Restated Intercreditor Agreement, dated as of May 28, 2013 (as so amended and restated, the “Amended and Restated Intercreditor Agreement”), that,
among other things, governs the relationship among the Secured Parties and regulates the claims of the Secured Parties under the Amended and Restated Common Terms Agreement against the Borrower and the enforcement by the Secured Parties under the
Amended and Restated Common Terms Agreement of the Security (as defined in the Amended and Restated Common Terms Agreement), including the method of voting and decision making, and the appointment of the Intercreditor Agent for the purposes set
forth therein; 
 WHEREAS, as of the date hereof, pursuant to that certain Indenture, dated as of February 1, 2013, as
supplemented by a first supplemental indenture, dated as of April 16, 2013, a second supplemental indenture, dated as of April 16, 2013, a third supplemental indenture, dated as of November 25, 2013, a fourth supplemental indenture,
dated as of May 20, 2014, a fifth supplemental indenture, dated as of May 20, 2014, and a sixth supplemental indenture, dated as of March 3, 2015, the Borrower has issued Senior Bonds in one or more series in the aggregate principal
amount of eight billion five hundred million Dollars ($8,500,000,000) constituting Replacement Debt and resulting in cancellation of Facility Commitments such that, as of the date hereof, the aggregate Facility Commitments remaining available amount
to eight hundred ninety-nine million one hundred twenty-three thousand nine hundred ninety-four Dollars and seven cents ($899,123,994.07); 

WHEREAS, the Borrower, the Commercial Bank Lenders and certain other parties thereto, as applicable, desire to amend and restate the Amended
and Restated Credit Agreement and certain other Transaction Documents, as set forth below, the KSURE Covered Facility Lenders desire to amend and restate the KSURE Covered Facility Agreement, and KEXIM, the KEXIM Covered Facility Lenders, and
certain other Holders of Senior Debt, if applicable, desire to establish certain additional credit facilities in order to provide funds which are to be used, along with the Funded Equity, to finance the design, engineering, development, procurement,
construction, installation, completion, ownership, operation and maintenance of the relevant trains of the Project, to pay certain fees and expenses associated with the Financing Documents and the Senior Debt, fund the Senior Debt Facilities Debt
Service Reserve Account, fund operating and working capital expenses associated with the relevant trains of the Project, issue letters of credit and as further described herein and in the other Financing Documents; 

  
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 WHEREAS, the Borrower, the KSURE Covered Facility Agent, the Common Security Trustee and the
KSURE Covered Facility Lenders are entering into that certain KSURE Covered Facility Agreement, pursuant to which the KSURE Covered Facility Lenders will provide, upon the terms and conditions set forth therein, the loans described therein to
finance the construction of the relevant trains of the Project and, in connection therewith and as a condition thereto, KSURE will issue the KSURE Insurance to provide, upon the terms and conditions set forth therein, credit support to the KSURE
Covered Facility Lenders; 
 WHEREAS, the Borrower, the KEXIM Facility Agent, the Common Security Trustee and KEXIM are entering into that
certain KEXIM Direct Facility Agreement, pursuant to which KEXIM will provide upon the terms and conditions set forth therein, the loans described therein to finance the construction of the relevant trains of the Project; 

WHEREAS, the Borrower, the KEXIM Facility Agent, the Common Security Trustee, KEXIM and the KEXIM Covered Facility Lenders are entering into
that certain KEXIM Covered Facility Agreement, pursuant to which the KEXIM Covered Facility Lenders will provide, upon the terms and conditions set forth therein, the loans described therein to finance the construction of the relevant trains of the
Project and, in connection therewith and as a condition thereto, KEXIM will issue the KEXIM Guarantee to provide, upon the terms and conditions set forth therein, credit support to the KEXIM Covered Facility Lenders; 

WHEREAS, the Borrower, the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge
Representatives, the Common Security Trustee, and the Intercreditor Agent are entering into a new Common Terms Agreement in order to amend and restate the Amended and Restated Common Terms Agreement and set out certain provisions regarding, among
other things: (a) common representations and warranties of the Borrower; (b) common covenants of the Borrower; and (c) common Events of Default under the Secured Debt Instruments; 

WHEREAS, the Borrower, the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge
Representatives, the Common Security Trustee and the Intercreditor Agent are entering into a new Intercreditor Agreement in order to amend and restate the Amended and Restated Intercreditor Agreement and, among other things, regulate the
relationship among the Secured Parties and regulate the claims of the Secured Parties against the Borrower and the enforcement by the Secured Parties of the Security, including the method of voting and decision making, and the appointment of the
Intercreditor Agent for the purposes set forth therein; 

  
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 WHEREAS, the Borrower has granted certain Security in the Collateral for the benefit of the
Secured Parties pursuant to the Security Documents; and 
 WHEREAS, the Borrower, the Commercial Banks Facility Agent, the Common Security
Trustee, and the Commercial Bank Lenders are entering into this Agreement in order to amend and restate the Amended and Restated Credit Agreement and provide upon the terms and conditions set forth herein, the loans described herein to finance the
construction of the relevant trains of the Project; 
 NOW THEREFORE, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS AND
INTERPRETATION 
 Section 1.01 Defined Terms. Unless the context shall otherwise require, or unless otherwise defined in
Exhibit A, capitalized terms used herein shall have the meanings provided in the Common Terms Agreement. 
 Section 1.02
Principles of Interpretation. Unless the context shall otherwise require, or unless otherwise provided herein, this Agreement shall be governed by the principles of interpretation in Section 1.2 (Interpretation) of the Common
Terms Agreement, mutatis mutandis. Any references in any Financing Document to a Construction/Term Loan shall be deemed to refer to a Commercial Bank Loan and any reference in any Financing Document to a Construction/Term Loan Lender shall be
deemed to refer to a Commercial Bank Lender. 
 Section 1.03 UCC Terms. Unless otherwise defined herein, terms used herein that
are defined in the UCC shall have the respective meanings given to those terms in the UCC. 
 Section 1.04 Accounting and Financial
Determinations. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with Section 1.4 (Accounting and Financial Determinations) of the Common Terms Agreement.

 Section 1.05 Loan Tranches. Commercial Bank Loans and Commercial Banks Facility Commitments are made, treated, assigned and
referred to in Tranches for certain limited purposes under this Agreement. Except as otherwise expressly set forth in this Agreement, all Commercial Bank Loans and all Commercial Banks Facility Commitments shall be identical, without regard to
Tranche, including (in the case of outstanding Commercial Bank Loans) rights to payment of principal, interest, Fees or 

  
 5 

 
other Obligations under this Agreement or any other Financing Documents, rights to exercise remedies, rights to share in Collateral securing any such Commercial Bank Loan and rights to give or
withhold any approval, consent, authorization or vote required or permitted to be given by or on behalf of any Commercial Bank Lender under this Agreement or any other Financing Document. 

ARTICLE II 
 COMMITMENTS AND
BORROWING 
 On the terms, subject to the conditions and relying upon the representations and warranties herein set forth: 

Section 2.01 Commercial Bank Loans. (a) Each Commercial Bank Lender, severally and not jointly, shall make loans (each such
loan, a “Commercial Bank Loan”) to the Borrower in an aggregate principal amount not in excess of the Commercial Banks Facility Commitment with respect to the applicable Tranche of such Commercial Bank Lender, if any, with respect
to such Tranche, from time to time during the Availability Period but not more frequently than monthly; provided that, after giving effect to the making of any Commercial Bank Loans, the aggregate outstanding principal amount of all
Commercial Bank Loans shall not exceed the Aggregate Commercial Banks Facility Commitment and the aggregate outstanding principal amount of all Commercial Bank Loans of any Tranche shall not exceed the Aggregate Tranche Commitment for such Tranche.
The Commercial Bank Loans shall be made in the following order: 
 (i) first, under Tranche 1 until all Tranche 1
Commercial Bank Loan Commitments are used, then; 
 (ii) second, under Tranche 2 until all Tranche 2 Commercial Bank
Loan Commitments are used, then 
 (iii) third, under Tranche 3 until all Tranche 3 Commercial Bank Loan Commitments
are used, then 
 (iv) fourth, under Tranche 4 until all Tranche 4 Commercial Bank Loan Commitments are used. 

(b) Each Commercial Bank Loan Borrowing, which may include Commercial Bank Loans from more than one Tranche, shall be in an amount
specified in Section 2.3(b)(ii) (Borrowing Notice Requirements) of the Common Terms Agreement in accordance with Section 2.3(f) (Borrowing Notice Requirements) of the Common Terms Agreement.  

  
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 (c) Proceeds of the Commercial Bank Loans shall be deposited into the Construction Account solely
to fund Project Costs, subject to the terms and conditions set forth herein. 
 (d) Commercial Bank Loans repaid or prepaid may not be
reborrowed. 
 Section 2.02 Notice of Borrowings. (a) From time to time, but no more frequently than twice monthly, subject
to the limitations set forth in Section 2.01 (Commercial Bank Loans) the Borrower may request a Commercial Bank Loan Borrowing by delivering to the Commercial Banks Facility Agent a properly completed Borrowing Notice pursuant to
Section 2.3 (Borrowing Notice Requirements) of the Common Terms Agreement. 
 (b) The Commercial Banks Facility Agent shall
promptly advise each Commercial Bank Lender that has a Commercial Banks Facility Commitment under the Tranche that is to fund any portion of the applicable Commercial Bank Loan Borrowing of any Borrowing Notice delivered pursuant to this
Section 2.02, together with each such Commercial Bank Lender’s Commercial Bank Loan Commitment Percentage of the requested Commercial Bank Loan Borrowing. 

Section 2.03 Borrowing of Loans. (a) Subject to clause (c) below, on the proposed date of each Commercial Bank Loan
Borrowing, each Commercial Bank Lender shall make a Commercial Bank Loan in the amount of its Commercial Bank Loan Commitment Percentage of such Commercial Bank Loan Borrowing by wire transfer of immediately available funds to the Commercial Banks
Facility Agent, not later than 1:00 p.m., New York City time, and the Commercial Banks Facility Agent shall transfer and deposit the amounts so received as set forth in Section 2.01(c) (Commercial Bank Loans) for application in
accordance with Section 5.02 (Construction Account) of the Accounts Agreement; provided that, if a Commercial Bank Loan Borrowing does not occur on the proposed Borrowing Date because any condition precedent to such requested
Commercial Bank Loan Borrowing herein specified has not been met, the Commercial Banks Facility Agent shall return the amounts so received to each Commercial Bank Lender without interest as soon as possible. 

(b) Subject to Section 4.04 (Obligation to Mitigate), each Commercial Bank Lender may (without relieving the Borrower of
its obligation to repay a Commercial Bank Loan in accordance with the terms of this Agreement and the Commercial Bank Loan Notes) at its option fulfill its Commercial Banks Facility Commitments with respect to any such Commercial Bank Loan by
causing any domestic or foreign branch or Affiliate of such Commercial Bank Lender to make such Commercial Bank Loan. 

  
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 (c) Unless the Commercial Banks Facility Agent has been notified in writing by any
Commercial Bank Lender prior to a proposed Borrowing Date that such Commercial Bank Lender will not make available to the Commercial Banks Facility Agent its portion of the Commercial Bank Loan Borrowing proposed to be made on such date, the
Commercial Banks Facility Agent may assume that such Commercial Bank Lender has made such amounts available to the Commercial Banks Facility Agent on such date and the Commercial Banks Facility Agent in its sole discretion may, in reliance upon such
assumption, make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Commercial Banks Facility Agent by such Commercial Bank Lender and the Commercial Banks Facility Agent has made such
amount available to the Borrower, the Commercial Banks Facility Agent shall be entitled to recover on demand from such Commercial Bank Lender such corresponding amount plus interest on such corresponding amount in respect of each day from the date
such corresponding amount was made available by the Commercial Banks Facility Agent to the Borrower to the date such corresponding amount is recovered by the Commercial Banks Facility Agent at an interest rate per annum equal to the Federal
Funds Effective Rate. If such Commercial Bank Lender pays such corresponding amount (together with such interest), then such corresponding amount so paid shall constitute such Commercial Bank Lender’s Commercial Bank Loan included in such
Commercial Bank Loan Borrowing. If such Commercial Bank Lender does not pay such corresponding amount forthwith upon the Commercial Banks Facility Agent’s demand, the Commercial Banks Facility Agent shall promptly notify the Borrower and the
Borrower shall promptly repay such corresponding amount to the Commercial Banks Facility Agent, plus interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Commercial Banks
Facility Agent to the Borrower to the date such corresponding amount is recovered by the Commercial Banks Facility Agent at an interest rate per annum equal to the Base Rate plus the Applicable Margin. If the Commercial Banks Facility Agent
receives payment of the corresponding amount from each of the Borrower and such Commercial Bank Lender, the Commercial Banks Facility Agent shall promptly remit to the Borrower such corresponding amount. If the Commercial Banks Facility Agent
receives payment of interest on such corresponding amount from each of the Borrower and such Commercial Bank Lender for an overlapping period, the Commercial Banks Facility Agent shall promptly remit to the Borrower the amount of such interest paid
by the Borrower for such period. Nothing herein shall be deemed to relieve any Commercial Bank Lender from its obligation to fulfill its Commercial Banks Facility Commitments hereunder and any payment by the Borrower pursuant to this
Section 2.03(c) shall be without prejudice to any claim the Borrower may have against a Commercial Bank Lender that shall have failed to make such payment to the Commercial Banks Facility Agent. The failure of any Commercial Bank Lender to make
available to the Commercial Banks Facility Agent its portion of the Commercial Bank Loan Borrowing shall not relieve any other Commercial  

  
 8 

 
Bank Lender of its obligations, if any, hereunder to make available to the Commercial Banks Facility Agent its portion of the Commercial Bank Loan Borrowing on the date of such Commercial Bank
Loan Borrowing, but no Commercial Bank Lender shall be responsible for the failure of any other Commercial Bank Lender to make available to the Commercial Banks Facility Agent such other Commercial Bank Lender’s portion of the Commercial Bank
Loan Borrowing on the date of any Commercial Bank Loan Borrowing. A notice of the Commercial Banks Facility Agent to any Commercial Bank Lender or the Borrower with respect to any amounts owing under this Section 2.03(c) shall be conclusive,
absent manifest error. 
 (d) Each of the Commercial Bank Lenders shall maintain in accordance with its usual practice an account or
accounts evidencing the indebtedness of the Borrower to such Commercial Bank Lender resulting from each Commercial Bank Loan made by such Commercial Bank Lender, including the amounts of principal and interest payable and paid to such Commercial
Bank Lender from time to time hereunder. 
 (e) The Commercial Banks Facility Agent shall maintain at the Commercial Banks Facility
Agent’s office (i) a copy of any Lender Assignment Agreement delivered to it pursuant to Section 10.04 (Assignments), and (ii) a register for the recordation, with respect to each Tranche, of the names and addresses of the
Commercial Bank Lenders, and all the Commercial Banks Facility Commitments of, and principal amount of and interest on the Commercial Bank Loans owing and paid to, each Commercial Bank Lender pursuant to the terms hereof from time to time and of
amounts received by the Commercial Banks Facility Agent from the Borrower and whether such amounts constitute principal, interest, fees or other amounts and each Commercial Bank Lender’s share thereof (the “Register”). The
Register shall be available for inspection by the Borrower, any Joint Lead Bookrunner, any Joint Lead Arranger and any Commercial Bank Lender at any reasonable time and from time to time upon reasonable prior notice. 

(f) The entries made by the Commercial Banks Facility Agent in the Register or the accounts maintained by any Commercial Bank Lender shall be
conclusive and binding evidence, absent manifest error, of the existence and amounts of the obligations recorded therein; provided that the failure of any Commercial Bank Lender or the Commercial Banks Facility Agent to maintain such Register
or accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Commercial Bank Loans in accordance with the terms of this Agreement. In the event of any conflict between the accounts and records
maintained by any Commercial Bank Lender and the accounts and records of the Commercial Banks Facility Agent in respect of such matters, the accounts and records of the Commercial Banks Facility Agent shall control in the absence of manifest error.

  
 9 

 (g) In addition to such accounts or records described in clauses (d) and (e) of this
Section 2.03, the Commercial Bank Loans made by each Commercial Bank Lender with respect to any Tranche shall, upon the request of any Commercial Bank Lender, be evidenced by a Commercial Bank Loan Note or Commercial Bank Loan Notes duly
executed on behalf of the Borrower and shall be dated the date of the Closing Date (or, if later, the date of any request therefor by a Commercial Bank Lender). Each such Commercial Bank Loan Note shall have all blanks appropriately filled in, shall
specify the Tranche, and shall be payable to such Commercial Bank Lender and its registered assigns in a principal amount equal to the Commercial Banks Facility Commitment with respect to such Tranche of such Commercial Bank Lender; provided
that each Commercial Bank Lender may attach schedules to its respective Commercial Bank Loan Note(s) and endorse thereon the date, amount and maturity of its respective Commercial Bank Loan(s) and payments with respect thereto with respect to such
Tranche. 
 Section 2.04 Termination or Reduction of Commitments. All unused Commercial Banks Facility Commitments, if any,
shall be automatically and permanently terminated on the last day of the Availability Period. 
 (a) Upon any payment or prepayment
of the Commercial Bank Loans pursuant to Section 3.01 (Repayment of Commercial Bank Loan Borrowings), Section 3.08 (Optional Prepayment) or Section 3.09 (Mandatory Prepayment), the Aggregate Commercial Banks
Facility Commitment and the Aggregate Tranche Commitments of Tranches paid or prepaid shall be automatically and permanently reduced (pro rata across all Tranches and pro rata within each Tranche) in an amount equal to such payment or
prepayment.  
 (b) The Borrower shall have the right to permanently terminate in whole, and from time to time to permanently
reduce in part, the Aggregate Tranche Commitments with respect to all Tranches pro rata with respect to the then outstanding Commercial Banks Facility Commitments of all Tranches (in a minimum amount of ten million Dollars ($10,000,000)), in
accordance with Section 3.3 (Voluntary Cancellation of Secured Debt) of the Common Terms Agreement. 
 (c) The
Borrower shall have the right to permanently terminate the Commercial Banks Facility Commitments of Non-Consenting Lenders in accordance with Section 4.04(d) (Obligation to Mitigate). 

(d) All unused Commercial Banks Facility Commitments, if any, shall be terminated upon the occurrence of an Event of Default if
required pursuant to Section 8.02 (Acceleration Upon Bankruptcy) or Section 8.03 (Acceleration Upon Other Event of Default) in accordance with the terms thereof. 

  
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 ARTICLE III 

REPAYMENTS, PREPAYMENTS, INTEREST AND FEES 

Section 3.01 Repayment of Commercial Bank Loan Borrowings. The Borrower unconditionally and irrevocably promises to pay to the
Commercial Banks Facility Agent for the ratable account of each Commercial Bank Lender the aggregate outstanding principal amount of the Commercial Bank Loans on each Quarterly Payment Date, in accordance with the Amortization Schedule. 

(a) Notwithstanding anything to the contrary set forth in Section 3.01(a) above, the final principal repayment installment on the
Maturity Date shall in any event be in an amount equal to the aggregate principal amount of all Commercial Bank Loans outstanding on such date. 

Section 3.02 Interest Payment Dates. (a) Interest accrued on each Commercial Bank Loan shall be payable, without duplication,
on the following dates (each, an “Interest Payment Date”): 
 (i) with respect to any repayment or prepayment of principal
on such Commercial Bank Loan, on the date of each such repayment or prepayment; 
 (ii) on the Maturity Date; 

(iii) with respect to LIBO Loans, (A) on the last day of each applicable Interest Period, (B) in the case of any Interest Period that
has a duration of more than three (3) months, the day three (3) months after the first day of such Interest Period, and (C) if applicable, on any date on which such LIBO Loan is converted to a Base Rate Loan; and 

(iv) with respect to Base Rate Loans, on the last day of each Fiscal Quarter or, if applicable, any date on which such Base Rate Loan is
converted to a LIBO Loan. 
 (b) Interest accrued on the Commercial Bank Loans or other monetary Obligations after the date such amount is
due and payable (whether on the Maturity Date, any Quarterly Payment Date, any Interest Payment Date, upon acceleration or otherwise) shall be payable upon demand. 

(c) Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the
occurrence of an event 

  
 11 

 
set forth in Section 9.7 (Bankruptcy; Insolvency) of the Common Terms Agreement and Section 8.01 (Events of Default) of this Agreement only to the extent it relates to
Section 9.7 (Bankruptcy; Insolvency) of the Common Terms Agreement. 
 Section 3.03 Interest Rates.
(a) Pursuant to each properly delivered Borrowing Notice and Interest Period Notice, the LIBO Loans shall accrue interest at a rate per annum during each Interest Period applicable thereto equal to the sum of LIBOR for such Interest
Period, plus the Applicable Margin. 
 (b) On or before 12:00 noon, New York City time, at least three (3) Business Days prior
to the end of each Interest Period for each LIBO Loan, the Borrower shall deliver to the Commercial Banks Facility Agent an Interest Period Notice setting forth the Borrower’s election with respect to the duration of the next Interest Period
applicable to such LIBO Loan, which Interest Period shall be one (1), two (2), three (3), or six (6) months in length; provided, that, if any Default or Event of Default has occurred and is continuing, all LIBO Loans shall convert into
Base Rate Loans at the end of the then-current Interest Periods (in which case the Commercial Banks Facility Agent shall so notify the Borrower and the Commercial Bank Lenders). After such Default or Event of Default has ceased, the Borrower may
convert each such Base Rate Loan into a LIBO Loan in accordance with this Agreement by delivering an Interest Period Notice in accordance with Section 3.04 (Conversion Options). 

(c) If the Borrower fails to deliver an Interest Period Notice in accordance with Section 3.03(b) above with respect to any LIBO Loan,
such LIBO Loan shall be made as, or converted into, a Base Rate Loan at the end of the then-current Interest Period. 
 (d) All LIBO Loans
shall bear interest from (and including) the first day of the applicable Interest Period to (but excluding) the last day of such Interest Period at the interest rate determined as applicable to such LIBO Loan. 

(e) Notwithstanding anything to the contrary, the Borrower shall have, in the aggregate, no more than ten (10) separate LIBO Loans
outstanding at any one time across all Tranches. 
 (f) Pursuant to each properly delivered Borrowing Notice and Interest Period Notice,
each Base Rate Loan shall accrue interest at a rate per annum equal to the sum of the Base Rate, plus the Applicable Margin. 
 (g)
All Base Rate Loans shall bear interest from and including the date such Commercial Bank Loan is made (or the day on which LIBO Loans are converted to Base Rate Loans as required under Section 3.03(b) or 3.04 or under ARTICLE IV

  
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(LIBOR And Tax Provisions)) to (but excluding) the date such Commercial Bank Loan or portion thereof is paid at the interest rate determined as applicable to such Base Rate Loan. 

Section 3.04 Conversion Options. The Borrower may elect from time to time to convert LIBO Loans to Base Rate Loans or Base Rate
Loans to LIBO Loans (subject to Sections 3.03(e) (Interest Rates), 4.01 (LIBOR Lending Unlawful) and 4.02 (Inability to Determine LIBOR)), as the case may be, by delivering a completed Interest Period Notice to the Commercial
Banks Facility Agent notifying the Commercial Banks Facility Agent of such election no later than 12:00 p.m., New York City time, on the third (3rd) Business Day preceding the proposed conversion date (which notice, in the case of conversions
to LIBO Loans, shall specify the length of the initial Interest Period therefor), provided that no Base Rate Loan may be converted into a LIBO Loan when any Event of Default has occurred and is continuing and the Commercial Banks Facility
Agent has determined not to permit such conversions. Upon receipt of any such notice the Commercial Banks Facility Agent shall promptly notify each relevant Commercial Bank Lender thereof. 

Section 3.05 Post-Maturity Interest Rates; Default Interest Rates. If all or a portion of the principal amount of any Commercial
Bank Loan is not paid when due (whether on the Maturity Date, by acceleration or otherwise) or any Obligation (other than principal on the Commercial Bank Loans) is not paid or deposited when due (whether on the Maturity Date, by acceleration or
otherwise), (i) the outstanding principal amount of all Commercial Bank Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto plus two percent (2%) and (ii) all Obligations
(other than principal on the Commercial Bank Loans) shall bear interest at a rate per annum equal to the rate then applicable to Base Rate Loans plus two percent (2%) (the rate set forth in clause (i) or (ii), as applicable, the
“Default Rate”), from the date of such non-payment until the amount then due is paid in full (after as well as before judgment). 

Section 3.06 Interest Rate Determination. The Commercial Banks Facility Agent shall determine the interest rate applicable to the
Commercial Bank Loans and shall give prompt notice of such determination to the Borrower and the Commercial Bank Lenders. In each such case, the Commercial Banks Facility Agent’s determination of the applicable interest rate shall be conclusive
in the absence of manifest error. 
 Section 3.07 Computation of Interest and Fees. (a) All computations of interest for
Base Rate Loans when the Base Rate is determined by the Commercial Banks Facility Agent’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All computations of
interest for LIBO Loans, and for Base Rate Loans when the Base Rate is determined by the Federal Funds Effective Rate, shall be made on the basis of a 360-day year and actual days elapsed. 

  
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 (b) Interest shall accrue on each Commercial Bank Loan for the day on which the Commercial Bank
Loan is made, and shall not accrue on a Commercial Bank Loan, or any portion thereof, for the day on which the Commercial Bank Loan or such portion is paid; provided, that, any Commercial Bank Loan that is repaid on the same day on which it
is made shall bear interest for one (1) day. 
 (c) Each determination by the Commercial Banks Facility Agent of an interest rate or
fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 Section 3.08 Optional Prepayment.
(a) The Borrower shall have the right to prepay the Commercial Bank Loans on not less than five (5) Business Days’ prior written notice to the Commercial Banks Facility Agent at any time following the end of the Availability Period,
as provided in Section 3.2 (Voluntary Prepayment of Secured Debt) of the Common Terms Agreement, subject to the terms and conditions of Section 3 (Repayment and Prepayments) of the Common Terms Agreement. 

(b) Any partial prepayment of the Commercial Bank Loans under this Section 3.08 shall be in an amount that is not less than the
amount specified in Section 3.2 (Voluntary Prepayment of Secured Debt) of the Common Terms Agreement.  
 (c) All
prepayments under this Section 3.08 shall be made by the Borrower to the Commercial Banks Facility Agent for the account of the Commercial Bank Lenders and shall be applied by the Commercial Banks Facility Agent in accordance with
Section 3.08(d). Each notice of optional prepayment will be irrevocable, except that a notice of prepayment given by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities and/or the issuance of
other debt, in which case such notice may be revoked by the Borrower (by notice to the Commercial Banks Facility Agent on or prior to the specified effective date) if such condition is not satisfied. The Borrower shall pay any Break Costs incurred
by any Credit Agreement Secured Party as a result of such notice and revocation. 
 (d) With respect to each prepayment to be made pursuant
to this Section 3.08, on the date specified in the notice of prepayment delivered pursuant to Section 3.08(a), the Borrower shall pay to the Commercial Banks Facility Agent the sum of the following amounts: 

(i) the principal of, and accrued but unpaid interest on, the Commercial Bank Loans to be prepaid; 

  
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 (ii) any additional amounts required to be paid under Section 4.05 (Funding Losses);
and 
 (iii) any other Obligations due to the respective Commercial Bank Lenders in connection with any prepayment under the Financing
Documents. 
 (e) Amounts of any Commercial Bank Loans prepaid pursuant to this Section 3.08 may not be reborrowed. 

Section 3.09 Mandatory Prepayment. (a) The Borrower shall be required to prepay the Commercial Bank Loans in accordance with
Section 3.4 (Mandatory Prepayment of Secured Debt) of the Common Terms Agreement, subject to the terms and conditions of Section 3 (Repayment and Prepayments) of the Common Terms Agreement. 

(b) With respect to each prepayment to be made pursuant to this Section 3.09, on the date required pursuant to Section 3.4
(Mandatory Prepayment of Secured Debt) of the Common Terms Agreement, the Borrower shall pay to the Commercial Banks Facility Agent the sum of the following amounts:  

(i) the principal of, and accrued but unpaid interest on, the Commercial Bank Loans to be prepaid; 

(ii) any additional amounts required to be paid under Section 4.05 (Funding Losses); and 

(iii) any other Obligations due to the respective Commercial Bank Lenders in connection with any prepayment under the Financing Documents. 

(c) Amounts of any Commercial Bank Loans prepaid pursuant to this Section 3.09 may not be reborrowed. 

(d) If the Borrower chooses to incur Replacement Debt pursuant to Section 2.6 (Replacement Debt) of the Common Terms
Agreement, other than in the case of Section 2.6(j)(ii) of the Common Terms Agreement, the Borrower shall contemporaneously use the proceeds of such Replacement Debt, on a pro rata basis with respect to all other Senior Debt Instruments
that require such prepayment, to prepay the Commercial Bank Debt. 
 Section 3.10 Time and Place of Payments.
(a) The Borrower shall make each payment (including any payment of principal of or interest on any Commercial 

  
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Bank Loan or any Fees or other Obligations) hereunder without setoff, deduction or counterclaim not later than 12:00 noon, New York City time, on the date when due in Dollars and, in immediately
available funds, to the Commercial Banks Facility Agent at the following account: Société Générale, New York Branch, A/C# 9051422, ABA# ABA 026-004-226, Attn: Loan Servicing Group, Ref: Sabine Pass, or at such other
office or account as may from time to time be specified by the Commercial Banks Facility Agent to the Borrower. Funds received after 12:00 noon, New York City time, shall be deemed to have been received by the Commercial Banks Facility Agent on the
next succeeding Business Day. 
 (b) The Commercial Banks Facility Agent shall promptly remit in immediately available funds to each Credit
Agreement Secured Party its share, if any, of any payments received by the Commercial Banks Facility Agent for the account of such Credit Agreement Secured Party. 

(c) Whenever any payment (including any payment of principal of or interest on any Commercial Bank Loan or any Fees or other Obligations)
hereunder shall become due, or otherwise would occur, on a day that is not a Business Day, such payment shall (except as otherwise required by the proviso to the definition of “Interest Period” with respect to LIBO Loans) be made on the
immediately succeeding Business Day, and such increase of time shall in such case be included in the computation of interest or Fees, if applicable. 

Section 3.11 Borrowings and Payments Generally. (a) Unless the Commercial Banks Facility Agent has received notice from the
Borrower prior to the date on which any payment is due to the Commercial Banks Facility Agent for the account of the Commercial Bank Lenders hereunder that the Borrower will not make such payment, the Commercial Banks Facility Agent may assume that
the Borrower has made such payment on such date in accordance with this Agreement and may, in reliance upon such assumption, distribute to the Commercial Bank Lenders the amount due. If the Borrower has not in fact made such payment, then each of
the Commercial Bank Lenders severally agrees to repay to the Commercial Banks Facility Agent forthwith on demand the amount so distributed to such Commercial Bank Lender in immediately available funds with interest thereon, for each day from (and
including) the date such amount is distributed to it to (but excluding) the date of payment to the Commercial Banks Facility Agent, at the Federal Funds Effective Rate. A notice of the Commercial Banks Facility Agent to any Commercial Bank Lender
with respect to any amount owing under this Section 3.11 shall be conclusive, absent manifest error. 
 (b) Nothing herein shall be
deemed to obligate any Commercial Bank Lender to obtain funds for any Commercial Bank Loan in any particular place or manner or to constitute a representation by any Commercial Bank Lender that it has obtained or will obtain funds for any Commercial
Bank Loan in any particular place or manner. 

  
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 (c) The Borrower hereby authorizes each Commercial Bank Lender, if and to the extent payment owed
to such Commercial Bank Lender is not made when due under this Agreement or under the Commercial Bank Loan Notes held by such Commercial Bank Lender, to charge from time to time against any or all of the Borrower’s accounts with such Commercial
Bank Lender any amount so due. 
 Section 3.12 Fees. (a) From and including the date hereof until the end of the
Availability Period, the Borrower agrees to pay to the Commercial Banks Facility Agent, for the account of the Commercial Bank Lenders under each Tranche, on the last Business Day of each Fiscal Quarter, a commitment fee with respect to such Tranche
(a “Commitment Fee”) at a rate per annum equal to 40% of the Applicable Margin on the average daily amount by which the Aggregate Tranche Commitment exceeds the aggregate outstanding principal amount of the Commercial Bank
Loans made under such Tranche during the Fiscal Quarter (or portion thereof) then ended; provided that all Commitment Fees shall be payable in arrears and computed on the basis of the actual number of days elapsed in a year of 365 days, as
prorated for any partial quarter, as applicable. Notwithstanding the foregoing, the Borrower will not be required to pay any Commitment Fee to any Commercial Bank Lender with respect to any period in which such Commercial Bank Lender was a
Defaulting Lender with respect to any Tranche. 
 (b) The Borrower agrees to pay or cause to be paid to the Commercial Banks Facility Agent
for the account of the Commercial Bank Lenders and the Commercial Banks Facility Agent, additional fees in the amounts and at the times from time to time agreed to by the Borrower and the Commercial Banks Facility Agent, including pursuant to each
Fee Letter with a Commercial Bank Lender. 
 (c) All Fees shall be paid on the dates due in immediately available funds. Once paid, none of
the Fees shall be refundable under any circumstances. 
 Section 3.13 Pro Rata Treatment. (a) The portion of any Commercial
Bank Loan Borrowing made under any Tranche shall be allocated by the Commercial Banks Facility Agent among the Commercial Bank Lenders such that, following each Commercial Bank Loan Borrowing, the ratio of each Commercial Bank Lender’s
outstanding Commercial Banks Facility Commitment to the outstanding Aggregate Commercial Banks Facility Commitment is equal to the Commercial Bank Loan Commitment Percentage. 

(b) Except as otherwise provided in Section 4.01 (LIBOR Lending Unlawful), each reduction of commitments of any type, pursuant to
Section 2.04 

  
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(Termination or Reduction of Commitments) or otherwise, shall be allocated by the Commercial Banks Facility Agent pro rata among the Commercial Bank Lenders in such Tranche in accordance
with their respective Commercial Bank Loan Commitment Percentages with respect to such Tranche. 
 (c) Except as otherwise required
under Section 3.08 (Optional Prepayment), Section 3.09 (Mandatory Prepayment) or ARTICLE IV (LIBOR And Tax Provisions), each payment or prepayment of principal of the Commercial Bank Loans shall be allocated by the
Commercial Banks Facility Agent pro rata among the Commercial Bank Lenders in accordance with the respective principal amounts of their outstanding Commercial Bank Loans, and each payment of interest on the Commercial Bank Loans shall be
allocated by the Commercial Banks Facility Agent pro rata among the Commercial Bank Lenders in accordance with the respective interest amounts outstanding on their Commercial Bank Loans. Each payment of the Commitment Fee with respect to a
Tranche shall be allocated by the Commercial Banks Facility Agent pro rata among the Commercial Bank Lenders in such Tranche in accordance with their respective Commercial Banks Facility Commitments with respect to such Tranche.  

Section 3.14 Sharing of Payments. (a) If any Commercial Bank Lender obtains any payment or other recovery (whether voluntary,
involuntary, by application of setoff or otherwise) on account of any Commercial Bank Loan (other than pursuant to the terms of ARTICLE IV (LIBOR And Tax Provisions)) in excess of its pro rata share of payments then or therewith obtained by
all Commercial Bank Lenders holding Commercial Bank Loans of such type, such Commercial Bank Lender shall purchase from the other Commercial Bank Lenders (for cash at face value) such participations in Commercial Bank Loans of such type made by them
as shall be necessary to cause such purchasing Commercial Bank Lender to share the excess payment or other recovery ratably with each of them; provided, however, that, if all or any portion of the excess payment or other recovery is
thereafter recovered from such purchasing Commercial Bank Lender, the purchase shall be rescinded and each Commercial Bank Lender that has sold a participation to the purchasing Commercial Bank Lender shall repay to the purchasing Commercial Bank
Lender the purchase price to the ratable extent of such recovery together with an amount equal to such selling Commercial Bank Lender’s ratable share (according to the proportion of (x) the amount of such selling Commercial Bank
Lender’s required repayment to the purchasing Commercial Bank Lender to (y) the total amount so recovered from the purchasing Commercial Bank Lender) of any interest or other amount paid or payable by the purchasing Commercial Bank Lender
in respect of the total amount so recovered. The Borrower agrees that any Commercial Bank Lender so purchasing a participation from another Commercial Bank Lender pursuant to this Section 3.14(a) may, to the fullest extent permitted by law,
exercise all its rights of payment (including pursuant to Section 10.14 (Right of Setoff)) with respect to such participation as fully as if such Commercial Bank Loan were the direct creditor of the 

  
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Borrower in the amount of such participation. The provisions of this Section shall not be construed to apply to any payment by the Borrower pursuant to and in accordance with the express terms of
this Agreement or any payment obtained by any Commercial Bank Lender as consideration for the assignment or sale of a participation in any of its Commercial Bank Loans. 

(b) If under any applicable bankruptcy, insolvency or other similar law, any Commercial Bank Lender receives a secured claim in lieu of a
setoff to which this Section 3.14 applies, such Commercial Bank Lender shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights of the Commercial Bank Lenders entitled under
this Section 3.14 to share in the benefits of any recovery on such secured claim. 
 ARTICLE IV 

LIBOR AND TAX PROVISIONS 

Section 4.01 LIBOR Lending Unlawful. In the event that it becomes unlawful or, by reason of a Change in Law, any Commercial Bank
Lender is unable to honor its obligation to make or maintain LIBO Loans, then such Commercial Bank Lender will promptly notify the Borrower of such event (with a copy to the Commercial Banks Facility Agent) and such Commercial Bank Lender’s
obligation to make or to continue LIBO Loans, or to convert Base Rate Loans into LIBO Loans, as the case may be, shall be suspended until such time as such Commercial Bank Lender may again make and maintain LIBO Loans. During such period of
suspension, the Commercial Bank Loans that would otherwise be made by such Commercial Bank Lender as LIBO Loans shall be made instead by such Commercial Bank Lender as Base Rate Loans and each LIBO Loan made by such Commercial Bank Lender and
outstanding will automatically, on the last day of the then existing Interest Period therefor if such Commercial Bank Loan may lawfully remain outstanding until the end of such Interest Period, and otherwise immediately, convert into a Base Rate
Loan. At the Borrower’s request, each Commercial Bank Lender shall use reasonable efforts, including using reasonable efforts to designate a different lending office for funding or booking its Commercial Bank Loans or to assign its rights and
obligations under the Financing Documents to another of its offices, branches or Affiliates, if, in the reasonable judgment of such Commercial Bank Lender, such designation or assignment (a) would eliminate or avoid such illegality and
(b) would not subject such Commercial Bank Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Commercial Bank Lender. The Borrower shall pay all reasonable costs and expenses incurred by any Commercial
Bank Lender in connection with any such designation or assignment. 

  
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 Section 4.02 Inability to Determine LIBOR. If prior to the commencement of any
Interest Period for a LIBO Loan: 
 (a) the Commercial Banks Facility Agent reasonably determines that adequate and reasonable means do not
exist for ascertaining LIBOR for such Interest Period; or 
 (b) the Commercial Banks Facility Agent is advised by the Required Banks that
such Required Banks have reasonably determined that LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Commercial Bank Lenders of making or maintaining their LIBO Loans for such Interest Period; 

then the Commercial Banks Facility Agent shall give notice thereof to the Borrower and the Commercial Bank Lenders by telephone or telecopy as promptly as
practicable thereafter and, until the Commercial Banks Facility Agent notifies the Borrower and the Commercial Bank Lenders that the circumstances giving rise to such notice no longer exist (which notice of subsequent change in circumstances shall
be given as promptly as practical), (i) any Interest Period Notice that requests the conversion of any Commercial Bank Loan to, or continuation of any Commercial Bank Loan as, a LIBO Loan shall be ineffective and such Commercial Bank Loan shall
be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto, and (ii) if any Borrowing Notice requests a LIBO Loan, such Commercial Bank Loan shall be made as a Base Rate Loan, or, at the election of the Borrower
(upon receipt of the determination to be made by the Required Banks and only if they are able to agree on such a determination), made as a Commercial Bank Loan bearing interest at such rate as the Required Banks shall determine adequately reflects
the costs to the Commercial Bank Lenders of making such Commercial Bank Loans. 
 Section 4.03 Increased Costs. (a) If
(1) any Change in Law shall (A) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Commercial Bank Lender;
(B) subject the Commercial Banks Facility Agent or any Commercial Bank Lender, or its group, to any Taxes (other than (i) Other Taxes, and (ii) Taxes described in clauses (a) through (d) of the definition of Excluded Taxes)
on its loans, loan principal, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or (C) impose on any Commercial Bank Lender or the London interbank market any other condition, cost
or expense affecting this Agreement or LIBO Loans made by such Commercial Bank Lender; and (2) the result of any of the foregoing shall be to increase the cost to such Person of making or maintaining any Commercial Bank Loan (or of maintaining
its obligation to make any such Commercial Bank Loan) to the Borrower or to reduce the amount of any sum received or receivable by such Person hereunder (whether of principal, interest or otherwise), then 

  
 20 

 
the Borrower will pay to such Person such additional amount or amounts as will compensate such Person for such additional costs incurred or reduction suffered (except to the extent the Borrower
is excused from payment pursuant to Section 4.04 (Obligation to Mitigate)). 
 (b) If any Commercial Bank Lender
reasonably determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Commercial Bank Lender’s capital or (without duplication) on the capital of such
Commercial Bank Lender’s holding company, if any, as a consequence of this Agreement or any of the Commercial Bank Loans made by such Commercial Bank Lender, to a level below that which such Commercial Bank Lender, or such Commercial Bank
Lender’s holding company, could have achieved but for such Change in Law (taking into consideration such Commercial Bank Lender’s policies and the policies of such Commercial Bank Lender’s holding company with respect to capital
adequacy and liquidity), then from time to time upon notice by such Commercial Bank Lender, the Borrower shall pay within thirty (30) days following the receipt of such notice to such Commercial Bank Lender such additional amount or amounts as
will compensate such Commercial Bank Lender or (without duplication) such Commercial Bank Lender’s holding company in full for any such reduction suffered (except to the extent the Borrower is excused from payment pursuant to Section 4.04
(Obligation to Mitigate)). In determining such amount, such Commercial Bank Lender may use any method of averaging and attribution that it (in its sole discretion) shall deem appropriate.  

(c) To claim any amount under this Section 4.03, the Commercial Banks Facility Agent or a Commercial Bank Lender, as applicable, shall
promptly deliver to the Borrower (with a copy to the Commercial Banks Facility Agent) a certificate setting forth in reasonable detail the amount or amounts necessary to compensate the Commercial Banks Facility Agent or Commercial Bank Lender or its
holding company, as the case may be, under Section 4.03(a) or Section 4.03(b). The Borrower shall pay the Commercial Banks Facility Agent or Commercial Bank Lender, as applicable, the amount shown as due on any such certificate within
thirty (30) days after receipt thereof. 
 (d) Promptly after the Commercial Banks Facility Agent or Commercial Bank Lender, as
applicable, has determined that it will make a request for increased compensation pursuant to this Section 4.03, such Person shall notify the Borrower thereof (with a copy to the Commercial Banks Facility Agent). Failure or delay on the part of
the Commercial Banks Facility Agent or Commercial Bank Lender to demand compensation pursuant to this Section 4.03 shall not constitute a waiver of such Person’s right to demand such compensation; provided that the Borrower shall
not be required to compensate a Person pursuant to this Section 4.03 for any increased costs or reductions attributable to the failure of such Person to notify Borrower within two hundred twenty-five (225) days after the Change in Law
giving rise to those increased costs or reductions 

  
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of such Person’s intention to claim compensation for those circumstances; provided further that, if the Change in Law giving rise to those increased costs or reductions is
retroactive, then the two hundred twenty-five (225) day period referred to above shall be extended to include that period of retroactive effect. 

Section 4.04 Obligation to Mitigate. (a) If any Commercial Bank Lender requests compensation under Section 4.03
(Increased Costs), or if the Borrower is required to pay any additional amount to any Commercial Bank Lender or any Government Authority for the account of any Commercial Bank Lender pursuant to Section 4.06 (Taxes), then such
Commercial Bank Lender, if requested by the Borrower in writing, shall use commercially reasonable efforts to designate a different lending office for funding or booking its Commercial Bank Loans hereunder or to assign its rights and obligations
under the Financing Documents to another of its offices, branches or Affiliates, if, in the reasonable judgment of such Commercial Bank Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 4.03 (Increased Costs) or Section 4.06 (Taxes), as applicable, in the future and (ii) would not subject such Commercial Bank Lender to any material unreimbursed cost or expense and would not otherwise be
disadvantageous to such Commercial Bank Lender in any material respect, contrary to such Commercial Bank Lender’s normal banking practices or violate any applicable Government Rule. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Commercial Bank Lender in connection with any such designation or assignment. 
 (b) Subject to
Section 4.04(c), if any Commercial Bank Lender requests compensation under Section 4.03 (Increased Costs), or if the Borrower is required to pay any additional amount to any Commercial Bank Lender or any Government Authority for the
account of any Commercial Bank Lender pursuant to Section 4.06 (Taxes) and, in each case, such Commercial Bank Lender has declined or is unable to designate a different lending office or to make an assignment in accordance with
Section 4.04(a), or if any Commercial Bank Lender is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice in writing to such Commercial Bank Lender and the Commercial Banks Facility Agent, request such
Commercial Bank Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 10.04 (Assignments)), all (but not less than all) its interests, rights and obligations under this
Agreement (including all of its Commercial Bank Loans and Commercial Banks Facility Commitments) to an Eligible Assignee that shall assume such obligations (which assignee may be another Commercial Bank Lender, if a Commercial Bank Lender accepts
such assignment); provided that (i) the Borrower shall have received the prior written consent of the Commercial Banks Facility Agent, (ii) such Commercial Bank Lender shall have received payment of an amount equal to all
Obligations of the Borrower owing to such Commercial Bank Lender from such assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of 

  
 22 

 
all other Obligations) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 4.03 (Increased Costs), or payments required to be
made pursuant to Section 4.06 (Taxes), such assignment will result in the elimination or reduction of such compensation or payments. A Commercial Bank Lender shall not be required to make any such assignment and delegation if, as a
result of a waiver by such Commercial Bank Lender of its rights under Sections 4.03 (Increased Costs) or 4.06 (Taxes), as applicable, the circumstances entitling the Borrower to require such assignment and delegation have ceased to
apply. If, notwithstanding the satisfaction of each of the conditions set forth in Sections 4.03 (Increased Costs) or 4.06 (Taxes), a Commercial Bank Lender refuses to be replaced pursuant to this Section 4.04, the Borrower shall
not be obligated to pay such Commercial Bank Lender any of the compensation referred to in this Section 4.04 or any additional amounts incurred or accrued under Sections 4.03 (Increased Costs) or 4.06 (Taxes) from and after the
date that such replacement would have occurred but for such Commercial Bank Lender’s refusal. Nothing in this Section shall be deemed to prejudice any rights that the Borrower, the Commercial Banks Facility Agent or any Commercial Bank Lender
may have against any Commercial Bank Lender that is a Defaulting Lender. 
 (c) As a condition of the right of the Borrower to remove
any Commercial Bank Lender pursuant to Section 4.04(b) and (d), the Borrower shall either (i) arrange for the assignment or novation of any Interest Rate Protection Agreements with such Commercial Bank Lender or any of its Affiliates
simultaneously with such removal or (ii) terminate the applicable Interest Rate Protection Agreement and pay any relevant Hedge Termination Value. 

(d) If (i) any Commercial Bank Lender (such Commercial Bank Lender, a “Non-Consenting Lender”) has failed to consent to
a proposed amendment, waiver, consent or termination which pursuant to the terms of Section 10.01 (Amendments, Etc.) requires the consent of all of the Facility Lenders and with respect to which the Supermajority Banks shall have granted
their consent and (ii) no Event of Default then exists, then the Borrower shall have the right (unless such Non-Consenting Lender grants such consent) to replace all such Non-Consenting Lenders by requiring such Non-Consenting Lenders to assign
all their Commercial Bank Loans and all their Commercial Banks Facility Commitments to one or more Eligible Assignees that are Eligible Transferees; provided that (A) all Non-Consenting Lenders must be replaced with one or more
Commercial Bank Lenders that grant the applicable consent, (B) all Obligations of the Borrower owing to such Non-Consenting Lenders being replaced shall be paid in full to such Non-Consenting Lenders concurrently with such assignment and
(C) the replacement Commercial Bank Lenders shall purchase the foregoing by paying to such Non-Consenting Lenders a price equal to the amount of such Obligations. In connection with any such assignment, the Borrower, the Commercial Banks
Facility Agent, such Non-Consenting Lenders and the replacement Commercial Bank Lenders shall otherwise 

  
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comply with Section 10.04 (Assignments). With the consent of the Required Banks, the Borrower shall have the right to use new shareholder funding or amounts on deposit in the
Distribution Account that are permitted to be distributed pursuant to Section 5.10(d) (Distribution Account) of the Accounts Agreement to prepay all (and not part only) the Non-Consenting Lenders’ Commercial Bank Loans and terminate
all the Non-Consenting Lenders’ Commercial Banks Facility Commitments subject, in each case, to payment of all accrued interest, fees, costs or expenses due under the Financing Documents to the relevant Commercial Bank Lender. 

Section 4.05 Funding Losses. In the event of (a) the payment of any principal of any LIBO Loan other than on the last day of
an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any LIBO Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any LIBO Loan on the date specified in any notice delivered pursuant hereto or (d) the assignment of any LIBO Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to
Section 4.04 (Obligation to Mitigate), then, in any such event, the Borrower shall compensate each Commercial Bank Lender for the loss, cost and expense attributable to such event. Such loss, cost or expense to any Commercial Bank Lender
shall be deemed to be the amount determined by the Commercial Banks Facility Agent (based upon the information delivered to it by such Commercial Bank Lender) to be the excess, if any, of (i) the amount of interest which would have accrued on
the principal amount of such Commercial Bank Loan had such event not occurred, at LIBOR that would have been applicable to such Commercial Bank Loan, for the period from the date of such event to the last day of the then current Interest Period
therefor (or, in the case of a failure to borrow, convert or continue a LIBO Loan, for the period that would have been the Interest Period for such Commercial Bank Loan), over (ii) the amount of interest which would accrue on such principal
amount for such period at the interest rate which such Commercial Bank Lender would bid were it to bid, at the commencement of such period, for deposits in Dollars of a comparable amount and period from other banks in the LIBOR market. To claim any
amount under this Section 4.05, the Commercial Banks Facility Agent shall promptly deliver to the Borrower a certificate setting forth in reasonable detail any amount or amounts that the applicable Commercial Bank Lender is entitled to receive
pursuant to this Section 4.05 (including calculations, in reasonable detail, showing how the Commercial Banks Facility Agent computed such amount or amounts), which certificate shall be based upon the information delivered to the Commercial
Banks Facility Agent by such Commercial Bank Lender. The Borrower shall pay to the Commercial Banks Facility Agent for the benefit of the applicable Commercial Bank Lender the amount due and payable and set forth on any such certificate within
thirty (30) days after receipt thereof. 

  
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 Section 4.06 Taxes. For purposes of this Section 4.06, the term “applicable
Governmental Rule” includes FATCA. 
 (a) Payments Free of Taxes. Any and all payments on account of any Obligations shall be
made free and clear of, and without deduction or withholding for, any Taxes, except as required by applicable Government Rule; provided that, if the Withholding Agent is required to deduct or withhold any Taxes from those payments, then
(i) the applicable Withholding Agent shall make such deductions or withholdings, (ii) the applicable Withholding Agent shall pay the full amount deducted or withheld to the relevant Government Authority in accordance with applicable
Government Rule and (iii) if such Tax is an Indemnified Tax, the sum payable shall be increased as necessary so that after making all required deductions or withholdings (including deductions or withholdings applicable to additional sums
payable under this Section 4.06) each Person entitled thereto receives an amount equal to the sum it would have received had no such deductions or withholdings been made. 

(b) Payment of Other Taxes by the Borrower. In addition, but without duplication of the provisions of Section 4.06(a), the
Borrower shall pay any Other Taxes to the relevant Government Authority in accordance with any applicable Government Rule. 
 (c)
Indemnification by the Borrower. The Borrower shall indemnify each Commercial Bank Lender and the Commercial Banks Facility Agent, within thirty (30) days after written demand therefor, for the full amount of any Indemnified Taxes
payable or paid by such Person on or with respect to any payment on account of any Obligation or required to be deducted or withheld from such payment and any Other Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts
payable under this Section 4.06), and any penalties, interest and reasonable expenses arising from, or with respect to, those Indemnified Taxes or Other Taxes, whether or not those Indemnified Taxes or Other Taxes were correctly or legally
imposed or asserted by the relevant Government Authority. To claim any amount under this Section 4.06(c), the Commercial Banks Facility Agent or Commercial Bank Lenders (as applicable) must deliver to the Borrower (with a copy to the Commercial
Banks Facility Agent) a certificate in reasonable detail as to the amount of such payment or liability, which certificate shall be conclusive absent manifest error. 

(d) Evidence of Payments. As soon as practicable but in no event later than thirty (30) days after any payment of Taxes by the
Borrower to a Government Authority pursuant to this Section 4.06, the Borrower shall deliver to the Commercial Banks Facility Agent the original or a certified copy of a receipt issued by such Government Authority evidencing such payment, a
copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Commercial Banks Facility Agent. 

  
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 (e) Status of Lenders. 

(i) Each Commercial Bank Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made hereunder
shall deliver to the Borrower and the Commercial Banks Facility Agent, at the time or times reasonably requested by the Borrower or the Commercial Banks Facility Agent, such properly completed and executed documentation reasonably requested by the
Borrower or the Commercial Banks Facility Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Commercial Bank Lender, if reasonably requested by the Borrower or the Commercial Banks
Facility Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Commercial Banks Facility Agent as will enable the Borrower or the Commercial Banks Facility Agent to determine
whether or not such Commercial Bank Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such
documentation (other than such documentation set forth in Section 4.06(e)(ii)(A), (ii)(B) and (ii)(C) and Section 4.06(f) below) shall not be required if in the Commercial Bank Lender’s reasonable judgment such completion, execution
or submission would subject such Commercial Bank Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Commercial Bank Lender. 

(ii) Without limiting the generality of the foregoing: 

(A) each Commercial Bank Lender that is a United States Person shall deliver to the Commercial Banks Facility Agent for transmission to the
Borrower, on or prior to the date on which such Commercial Bank Lender becomes a Commercial Bank Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Commercial Banks Facility Agent),
executed copies of IRS Form W-9 certifying that such Commercial Bank Lender is exempt from U.S. federal backup withholding tax; 

  
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 (B) each Commercial Bank Lender that is not a United States Person (a
“Non-U.S. Lender”) shall, to the extent it is legally entitled to do so, deliver to the Commercial Banks Facility Agent for transmission to the Borrower (but in the case of a Participant, only to the extent transmission to the
Borrower is required under Section 10.04(d)), on or prior to the Closing Date (in the case of each Commercial Bank Lender listed on the signature pages hereof on the Closing Date) or on or prior to the date of the assignment and acceptance
pursuant to which it becomes a Commercial Bank Lender (in the case of each other Commercial Bank Lender) and from time to time thereafter upon the reasonable request of the Borrower or the Commercial Banks Facility Agent, whichever of the following
is applicable: (i) in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Financing Document, executed copies of IRS Form
W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Financing Document, IRS Form
W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; (ii) executed copies of IRS Form W-8ECI; (iii) in
the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit E-1 to the effect that such Non-U.S. Lender is not
a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN-E; or (iv) to the extent a Non-U.S. Lender is not the beneficial owner, executed copies of
IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit E-2 or Exhibit E-3, IRS Form W-9, and/or other certification documents from each beneficial
owner, as applicable, provided that if the Non-U.S. Lender is a partnership and one or more direct or indirect partners of such 

  
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Non-U.S. Lender are claiming the portfolio interest exemption, such Non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit E-4 on behalf of each
such direct and indirect partner; 
 (C) Each Commercial Bank Lender required to deliver any forms, certificates or other evidence with
respect to United States federal income tax withholding matters pursuant to this Section 4.06(e) hereby agrees, from time to time after the initial delivery by such Commercial Bank Lender of such forms, certificates or other evidence, whenever
a lapse in time or change in circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Commercial Bank Lender shall, upon reasonable request by the Borrower or the Commercial Banks
Facility Agent, (i) promptly deliver to the Commercial Banks Facility Agent for transmission to the Borrower (but in the case of a Participant, only to the extent transmission to the Borrower is required under Section 10.04(d)
(Assignments)) new copies of the applicable forms, certificates or other evidence, properly completed and duly executed by such Commercial Bank Lender, and such other documentation required under the Code and reasonably requested in writing by the
Borrower or the Commercial Banks Facility Agent to confirm or establish that such Commercial Bank Lender is not subject to (or is subject to reduced) deduction or withholding of United States federal income tax with respect to payments to such
Commercial Bank Lender under this Agreement, or (ii) notify the Commercial Banks Facility Agent and the Borrower (but in the case of a Participant, only to the extent direct communication with the Borrower is required under
Section 10.04(d) (Assignments)) of its inability to deliver any such forms, certificates or other evidence. This Section 4.06(e) applies without duplication of the provisions of Section 4.06(f). 

(f) FATCA. If a payment made to a Commercial Bank Lender under any Financing Document would be subject to U.S. federal withholding tax
imposed by FATCA if such Commercial Bank Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Commercial Bank Lender shall
deliver to the Commercial Banks Facility Agent at the time or times prescribed by Government Rule and at such time or times reasonably requested by the Borrower or the Commercial Banks 

  
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Facility Agent such documentation prescribed by applicable Government Rule (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the Borrower or the Commercial Banks Facility Agent as may be necessary for the Borrower and the Commercial Banks Facility Agent to comply with their obligations under FATCA and to determine that such Commercial Bank Lender has complied
with such Commercial Bank Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 4.06(f), “FATCA” shall include any amendments made to FATCA after
the date of this Agreement. 
 (g) FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and
after the Closing Date, the Borrower and the Commercial Banks Facility Agent shall treat (and the Commercial Bank Lenders hereby authorize the Commercial Banks Facility Agent to treat) this Agreement and the Commercial Bank Loans as not qualifying
as “grandfathered obligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 
 (h) Refunds. If
the Commercial Banks Facility Agent or any Commercial Bank Lender determines, in its sole discretion, that it has received a refund of any Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid
additional amounts pursuant to this Section 4.06, it shall pay to the Borrower an amount equal to such refund, net of all out-of-pocket expenses (including Taxes) incurred by the Commercial Banks Facility Agent or such Commercial Bank Lender,
as the case may be, and without interest (other than interest paid by the relevant Government Authority with respect to such refund), provided that, (i) the Borrower, upon the request of the Commercial Banks Facility Agent or such
Commercial Bank Lender (as the case may be), shall repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Government Authority) to the Commercial Banks Facility Agent or such Commercial Bank
Lender in the event the Commercial Banks Facility Agent or such Commercial Bank Lender is required to repay such refund to such Government Authority, and (ii) in no event will such Commercial Banks Facility Agent or Commercial Bank Lender be
required to pay any amount to the Borrower pursuant to this Section 4.06(h), the payment of which would place such Commercial Banks Facility Agent or Commercial Bank Lender in a less favorable net after-Tax position than such Commercial Banks
Facility Agent or Commercial Bank Lender would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect
to such Tax had never been paid. This subsection shall not be construed to require the Commercial Banks Facility Agent or any Commercial Bank Lender to make available its Tax returns (or any other information relating to its Taxes that it deems
confidential) to the Borrower or any other Person. 

  
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 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

Section 5.01 Incorporation of Common Terms Agreement. The Borrower makes to the Commercial Banks Facility Agent, each of the
Commercial Bank Lenders and each other party hereto the representations and warranties set forth in Section 4 (Representations and Warranties) of the Common Terms Agreement on the dates set forth therein. 

ARTICLE VI 
 CONDITIONS PRECEDENT

 Section 6.01 Conditions to Closing Date. The occurrence of the Closing Date and the effectiveness of the Commercial Banks
Facility Commitments are subject to the satisfaction of the conditions precedent specified in Schedule 5.1 (Conditions to Closing Date) of the Common Terms Agreement, in each case to the satisfaction of each of the Facility Lenders, unless,
in each case, waived by each of the Facility Lenders. 
 Section 6.02 Conditions to Initial Advance. In addition to the
conditions set forth in Section 6.04 (Conditions to Each Commercial Bank Loan Borrowing), the obligation of each Commercial Bank Lender to make available its Initial Advance is subject to the satisfaction of the conditions precedent
specified in Schedule 5.2 (Conditions to Initial Advance) of the Common Terms Agreement, in each case to the satisfaction of each of the Facility Lenders, unless, in each case, waived by each of the Facility Lenders. 

Section 6.03 Conditions to Train 6 Initial Advance. In addition to the conditions set forth in Section 6.04 (Conditions to
Each Commercial Bank Loan Borrowing), the obligation of each Commercial Bank Lender to make available its Train 6 Initial Advance is subject to the satisfaction of the conditions precedent specified in Schedule 5.3 (Conditions to Train 6
Initial Advance) of the Common Terms Agreement, in each case to the satisfaction of each of the Facility Lenders, unless, in each case, waived by each of the Facility Lenders. 

Section 6.04 Conditions to Each Commercial Bank Loan Borrowing. The obligation of each Commercial Bank Lender to make any of its
Commercial Bank Loans is subject to the satisfaction of the conditions precedent specified in Schedule 5.4 (Conditions to Each Advance) of the Common Terms Agreement, in each case to the satisfaction of: 

  
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 (a) in the case of the Initial Advance, each of the Facility Lenders unless, in each case, waived
by each of the Facility Lenders; 
 (b) in the case of the Train 6 Initial Advance, each of the Facility Lenders unless, in each case,
waived by each of the Facility Lenders; and 
 (c) in the case of all Advances other than the Initial Advance and the Train 6 Initial
Advance, the Majority Aggregate Secured Credit Facilities Debt Participants, unless waived by the Majority Aggregate Secured Credit Facilities Debt Participants. 

ARTICLE VII 
 COVENANTS 

Section 7.01 Covenants. The Borrower agrees with each Commercial Bank Lender, the Commercial Banks Facility Agent and each other
party hereto that it will perform or observe (as applicable) the obligations set forth in Section 6 (Affirmative Covenants), Section 7 (Negative Covenants) and Section 8 (Reporting Requirements) of the Common
Terms Agreement in accordance with the terms thereof. 
 ARTICLE VIII 

DEFAULT AND ENFORCEMENT 

Section 8.01 Events of Default. The Events of Default set forth in Section 9 (Events of Default for Secured Debt) of
the Common Terms Agreement shall constitute Events of Default under this Agreement, subject to all of the provisions of such Section in the Common Terms Agreement. 

Section 8.02 Acceleration Upon Bankruptcy. If any Event of Default described in Section 9.7 (Bankruptcy; Insolvency)
of the Common Terms Agreement occurs with respect to the Borrower, all outstanding Commercial Banks Facility Commitments, if any, shall automatically terminate and the outstanding principal amount of the outstanding Commercial Bank Loans and all
other Obligations shall automatically be and become immediately due and payable, in each case without notice, demand or further act of the Commercial Banks Facility Agent, the Commercial Bank Lenders, the Common Security Trustee or any other Credit
Agreement Secured Party. 
 Section 8.03 Acceleration Upon Other Event of Default. (a) If any Event of Default occurs for
any reason (except the occurrence of any Event of Default described in Section 9.7 (Bankruptcy; Insolvency) of the Common Terms Agreement with respect to 

  
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the Borrower, for which provision is made in Section 8.02 (Acceleration Upon Bankruptcy)), whether voluntary or involuntary, and is continuing (after giving effect to any cure of the
applicable Event of Default), the Commercial Banks Facility Agent may, or upon the direction of the Required Banks shall, by written notice to the Borrower declare all or any portion of the outstanding principal amount of the Commercial Bank Loans
and other Obligations to be due and payable or all the Commercial Banks Facility Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Commercial Bank Loans and other Obligations that have been
declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, as the case may be, and such outstanding Commercial Banks Facility Commitments shall terminate. 

(b) Any declaration made pursuant to this Section 8.03 may, should the Required Banks in their sole and absolute discretion so elect, be
rescinded by written notice to the Borrower at any time after the principal of the Commercial Bank Loans has become due and payable, but before any judgment or decree for the payment of the monies so due, or any part thereof, has been entered;
provided that, no such rescission or annulment shall extend to or affect any subsequent Event of Default or impair any right consequent thereon. 

Section 8.04 Action Upon Event of Default. (a) Subject to the terms of the Intercreditor Agreement, if any Event of Default
occurs for any reason, whether voluntary or involuntary, and is continuing (after giving effect to any cure of the applicable Event of Default), the Commercial Banks Facility Agent may, or upon the direction of the Required Banks shall, by written
notice to the Borrower of its intention to exercise any remedies hereunder, under the other Financing Documents or at law or in equity, and without further notice of default, presentment or demand for payment, protest or notice of non-payment or
dishonor, or other notices or demands of any kind, all such notices and demands being waived by the Borrower, exercise any or all of the following rights and remedies, in any combination or order that the Commercial Banks Facility Agent or the
Required Banks may elect, in addition to such other rights or remedies as the Commercial Banks Facility Agent and the Commercial Bank Lenders may have hereunder, under the other Financing Documents or at law or in equity: 

(b) Without any obligation to do so, make disbursements or Commercial Bank Loans under each Tranche in the order provided in Section 2.01
(Commercial Bank Loans) to or on behalf of the Borrower to cure any Event of Default hereunder and to cure any default and render any performance under any Material Project Documents (or any other contract to which the Borrower is a party) as the
Required Banks in their sole discretion may consider necessary or appropriate, whether to preserve and protect the Collateral or the Commercial Bank Lenders’ interests therein or for any other reason, and all sums so expended, together with
interest on such total amount at the Default Rate, 

  
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shall be repaid by the Borrower to the Commercial Banks Facility Agent on demand and shall be secured by the Financing Documents, notwithstanding that such expenditures may, together with amounts
advanced under this Agreement, exceed the amount of the Commercial Banks Facility Commitments; 
 (c) Apply or execute upon any amounts on
deposit in any Account or any other monies of the Borrower on deposit with the Commercial Banks Facility Agent, any Commercial Bank Lender or the Accounts Bank in the manner provided in the UCC and other relevant statutes and decisions and
interpretations thereunder with respect to cash collateral; and 
 (d) Enter into possession of the Project and perform or cause to be
performed any and all work and labor necessary to complete construction of the Project substantially according to the EPC Contracts or to operate and maintain the Project, and all sums expended by the Commercial Banks Facility Agent in so doing,
together with interest on such total amount at the Default Rate, shall be repaid by the Borrower to the Commercial Banks Facility Agent upon demand and shall be secured by the Financing Documents, notwithstanding that such expenditures may, together
with amounts advanced under this Agreement, exceed the Commercial Banks Facility Commitments. 
 Section 8.05 Application of
Proceeds. Subject to the terms of the Intercreditor Agreement, any moneys received by the Commercial Banks Facility Agent from the Common Security Trustee after the occurrence and during the continuance of an Event of Default and the period
during which remedies have been initiated shall be applied in full or in part by the Commercial Banks Facility Agent against the Obligations in the following order of priority (but without prejudice to the right of the Commercial Bank Lenders,
subject to the terms of the Intercreditor Agreement, to recover any shortfall from the Borrower): 
 (a) first, to payment of that
portion of the Obligations constituting fees, costs, expenses (and interest owing thereon (if any)) and any other amounts (including fees, costs and expenses of counsel) payable to the Commercial Banks Facility Agent, the Common Security Trustee,
the Accounts Bank, or the Intercreditor Agent in their respective capacities as such; 
 (b) second, to payment of that portion of
the Obligations constituting fees, costs, expenses (and interest owing thereon (if any)) and any other amounts (including fees, costs and expenses of counsel and amounts payable under ARTICLE IV (LIBOR And Tax Provisions)) payable to the
Commercial Bank Lenders, ratably in proportion to the amounts described in this clause second payable to them, as certified by the Commercial Banks Facility Agent; 

  
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 (c) third, to payment of that portion of the Obligations constituting accrued and unpaid
interest (including default interest) with respect to the Commercial Bank Loans payable to the Commercial Bank Lenders, ratably in proportion to the respective amounts described in this clause third payable to them, as certified by the Commercial
Banks Facility Agent; 
 (d) fourth, to that principal amount of the Commercial Bank Loans payable to the Commercial Bank Lenders (in
inverse order of maturity), ratably among the Commercial Bank Lenders in proportion to the respective amounts described in this clause fourth held by them, as certified by the Commercial Banks Facility Agent; and 

(e) fifth, the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise required by
applicable Government Rule. 
 ARTICLE IX 

THE COMMERCIAL BANKS FACILITY AGENT 

Section 9.01 Appointment and Authority. 

(a) Each of the Commercial Bank Lenders hereby appoints, designates and authorizes Société Générale as its
Commercial Banks Facility Agent under and for purposes of each Financing Document to which the Commercial Banks Facility Agent is a party, and in its capacity as the Commercial Banks Facility Agent, to act on its behalf as Secured Debt Holder Group
Representative and the Designated Voting Party (as defined in the Intercreditor Agreement) for the Commercial Bank Lenders. Société Générale hereby accepts this appointment and agrees to act as the Commercial Banks
Facility Agent for the Commercial Bank Lenders in accordance with the terms of this Agreement. Each of the Commercial Bank Lenders appoints and authorizes the Commercial Banks Facility Agent to act on behalf of such Commercial Bank Lender under each
Financing Document to which it is a party and in the absence of other written instructions from the Required Banks received from time to time by the Commercial Banks Facility Agent (with respect to which the Commercial Banks Facility Agent agrees
that it will comply, except as otherwise provided in this Section 9.01 or as otherwise advised by counsel, and subject in all cases to the terms of the Intercreditor Agreement), to exercise such powers hereunder and thereunder as are
specifically delegated to or required of the Commercial Banks Facility Agent by the terms hereof and thereof, together with such powers as may be reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere in any
Financing Document, the Commercial Banks Facility Agent shall not have any duties or responsibilities, except those expressly set forth herein, nor shall the Commercial Banks Facility Agent have or be deemed to have any fiduciary relationship with
any Commercial Bank Lender or other Credit Agreement Secured Party, 

  
 34 

 
and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into any Financing Document or otherwise exist against the Commercial Banks Facility Agent.
Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Agreement with reference to the Commercial Banks Facility Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable Government Rule. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting
parties. 
 (b) The provisions of this ARTICLE IX are solely for the benefit of the Commercial Banks Facility Agent and the Commercial Bank
Lenders, and neither the Borrower nor any other Person shall have rights as a third party beneficiary of any of such provisions other than the Borrower’s rights under Section 9.07(a) and (b) (Resignation or Removal of Commercial
Banks Facility Agent). 
 Section 9.02 Rights as a Lender or Secured Hedging Party. Each Person serving as the Commercial
Banks Facility Agent hereunder or under any other Financing Document shall have the same rights and powers in its capacity as a Commercial Bank Lender, KEXIM Covered Facility Lender, KSURE Covered Facility Lender, Secured Hedging Party, or Gas Hedge
Provider, as the case may be, as any other Commercial Bank Lender, KEXIM Covered Facility Lender, KSURE Covered Facility Lender, Secured Hedging Party, or Gas Hedge Provider, as the case may be, and may exercise the same as though it were not the
Commercial Banks Facility Agent. Each such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or
Affiliates of the Borrower as if such Person were not the Commercial Banks Facility Agent hereunder and without any duty to account therefor to the Commercial Bank Lenders. 

Section 9.03 Exculpatory Provisions. (a) The Commercial Banks Facility Agent shall not have any duties or obligations except
those expressly set forth herein and in the other Financing Documents. Without limiting the generality of the foregoing, the Commercial Banks Facility Agent shall not: 

(i) be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is continuing;

 (ii) have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Financing Documents that the Commercial Banks Facility Agent is required to exercise as directed in 

  
 35 

 
writing by the Required Banks (or such other number or percentage of the Commercial Bank Lenders as shall be expressly provided for herein or in the other Financing Documents); provided
that the Commercial Banks Facility Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Commercial Banks Facility Agent to liability or that is contrary to any Financing Document or
applicable Government Rule; or 
 (iii) except as expressly set forth herein and in the other Financing Documents, have any duty to disclose,
nor shall the Commercial Banks Facility Agent be liable for any failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Commercial Banks Facility Agent
or any of its Affiliates in any capacity. 
 (b) The Commercial Banks Facility Agent shall not be liable for any action taken or not
taken by it (i) with the prior written consent or at the request of the Required Banks (or such other number or percentage of the Commercial Bank Lenders as may be necessary, or as the Commercial Banks Facility Agent may believe in good faith
to be necessary, under the circumstances as provided in Section 10.01 (Amendments, Etc.)) or (ii) in the absence of its own gross negligence or willful misconduct. The Commercial Banks Facility Agent shall be deemed not to have
knowledge of any Default or Event of Default unless and until written notice describing such Default or Event of Default is given to the Commercial Banks Facility Agent in writing by the Borrower or a Commercial Bank Lender. 

(c) The Commercial Banks Facility Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with this Agreement or any other Financing Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or
therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence or continuance of any Default or Event of Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Financing Document or any other agreement, instrument or document, or the perfection or priority of any Lien or security interest created or purported to be created by any
Security Document, or (v) the satisfaction of any condition set forth in ARTICLE VI (Conditions Precedent) or elsewhere herein, other than to confirm receipt of any items expressly required to be delivered to the Commercial Banks
Facility Agent. 
 Section 9.04 Reliance by Commercial Banks Facility Agent. The Commercial Banks Facility Agent shall be
entitled to rely upon, and shall not incur any 

  
 36 

 
liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or
other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Commercial Banks Facility Agent also may rely upon any statement made to it orally or by telephone and believed by it
to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Commercial Bank Loan that by its terms must be fulfilled to the satisfaction of
each Facility Lender or the Majority Aggregate Secured Credit Facilities Debt Participants, the Commercial Banks Facility Agent may presume that such condition is satisfactory to such Facility Lenders or the Majority Aggregate Secured Credit
Facilities Debt Participants, as the case may be, unless the Commercial Banks Facility Agent has received notice to the contrary from such Facility Lender or the Intercreditor Agent prior to the making of such Commercial Bank Loan. The Commercial
Banks Facility Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any
such counsel, accountants or experts. 
 Section 9.05 Delegation of Duties. The Commercial Banks Facility Agent may perform any
and all of its duties and exercise any and all its rights and powers hereunder or under any other Financing Document by or through any one or more sub-agents appointed by the Commercial Banks Facility Agent. The Commercial Banks Facility Agent and
any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this ARTICLE IX shall apply to any such sub-agent and to the Related Parties of
the Commercial Banks Facility Agent, and shall apply to all of their respective activities in connection with their acting as or for the Commercial Banks Facility Agent. 

Section 9.06 Indemnification by the Lenders. Without limiting the obligations of the Borrower hereunder, each Commercial Bank
Lender agrees to indemnify the Commercial Banks Facility Agent and Related Parties thereof ratably in accordance with all its Commercial Banks Facility Commitments for any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever, which may at any time be imposed on, incurred by or asserted against the Commercial Banks Facility Agent or any of its Related Parties in any way relating to or
arising out of this Agreement, the other Financing Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or the enforcement of any of the terms hereof or thereof or of any such
other documents; provided, however, that no Commercial Bank Lender shall be liable for any of the foregoing to the extent they arise solely from the Commercial Banks Facility Agent’s gross negligence or willful misconduct as determined
by a final non-appealable judgment of a court of competent 

  
 37 

 
jurisdiction. The Commercial Banks Facility Agent shall be fully justified in taking, refusing to take or continuing to take any action hereunder unless it shall first be indemnified to its
satisfaction by the Commercial Bank Lenders against any and all liability and expense which may be incurred by it by reason of taking, refusing to take or continuing to take any such action. Without limitation of the foregoing, each Commercial Bank
Lender agrees to reimburse, ratably in accordance with all its Commercial Banks Facility Commitments, the Commercial Banks Facility Agent promptly upon demand for any out-of-pocket expenses (including counsel fees) incurred by the Commercial Banks
Facility Agent in connection with the preparation, execution, administration, amendment, waiver, modification or enforcement of, or legal advice in respect of rights or responsibilities under, the Transaction Documents, to the extent that the
Commercial Banks Facility Agent is not reimbursed promptly for such expenses by Borrower. The obligation of the Commercial Bank Lenders to make payments pursuant to this Section 9.06 is several and not joint, and the same shall survive the
payment in full of the Obligations and the termination of this Agreement. 
 Section 9.07 Resignation or Removal of Commercial Banks
Facility Agent. 
 (a) The Commercial Banks Facility Agent may resign from the performance of all its functions and duties hereunder and
under the other Financing Documents at any time by giving thirty (30) days’ prior notice to the Borrower and the Commercial Bank Lenders. The Commercial Banks Facility Agent may be removed at any time (i) by the Required Banks for
such Person’s gross negligence or willful misconduct or (ii) by the Borrower, with the consent of the Required Banks, for such Person’s gross negligence or willful misconduct. In the event Société Générale
is no longer the Commercial Banks Facility Agent, any successor Commercial Banks Facility Agent may be removed at any time with cause by the Required Banks. Any such resignation or removal shall take effect upon the appointment of a successor
Commercial Banks Facility Agent, in accordance with this Section 9.07. 
 (b) Upon any notice of resignation by the Commercial Banks
Facility Agent or upon the removal of the Commercial Banks Facility Agent by the Required Banks, or by the Borrower with the approval of the Required Banks pursuant to Section 9.07(a), the Required Banks shall appoint a successor Commercial
Banks Facility Agent, hereunder and under each other Financing Document to which the Commercial Banks Facility Agent is a party, such successor Commercial Banks Facility Agent to be a commercial bank having a combined capital and surplus of at least
one billion Dollars ($1,000,000,000); provided that, if no Default or Event of Default shall then be continuing, appointment of a successor Commercial Banks Facility Agent shall also be acceptable to the Borrower (such acceptance not to be
unreasonably withheld, conditioned or delayed). The fees payable by the Borrower to a successor Commercial Banks Facility Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.

  
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 (c) If no successor Commercial Banks Facility Agent has been appointed by the Required Banks
within thirty (30) days after the date such notice of resignation was given by such resigning Commercial Banks Facility Agent, or the Required Banks elected to remove such Person, any Credit Agreement Secured Party may petition any court of
competent jurisdiction for the appointment of a successor Commercial Banks Facility Agent. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor Commercial Banks Facility Agent, who shall serve as Commercial
Banks Facility Agent hereunder and under each other Financing Document to which it is a party until such time, if any, as the Required Banks appoint a successor Commercial Banks Facility Agent, as provided above. 

(d) Upon the acceptance of a successor’s appointment as Commercial Banks Facility Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Commercial Banks Facility Agent, and the retiring (or removed) Commercial Banks Facility Agent shall be discharged from all of its duties and
obligations hereunder or under the other Financing Documents. After the retirement or removal of the Commercial Banks Facility Agent hereunder and under the other Financing Documents, the provisions of this ARTICLE IX and Section 10.08
(Indemnification by the Borrower) shall continue in effect for the benefit of such retiring (or removed) Person, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while
the retiring Person was acting in its capacity as Commercial Banks Facility Agent. 
 Section 9.08 No Amendment to Duties of
Commercial Banks Facility Agent Without Consent. The Commercial Banks Facility Agent shall not be bound by any waiver, amendment, supplement or modification of this Agreement or any other Financing Document that affects its rights or duties
hereunder or thereunder unless such Commercial Banks Facility Agent shall have given its prior written consent, in its capacity as Commercial Banks Facility Agent thereto. 

Section 9.09 Non-Reliance on Commercial Banks Facility Agent and Commercial Bank Lenders. Each of the Commercial Bank Lenders
acknowledges that it has, independently and without reliance upon the Commercial Banks Facility Agent, any other Commercial Bank Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made
its own credit analysis and decision to enter into this Agreement and make its extensions of credit. Each of the Commercial Bank Lenders also acknowledges that it will, independently and without reliance upon the Commercial Banks Facility Agent or
any other Commercial Bank 

  
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Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking
action under or based upon this Agreement, any other Financing Document or any related agreement or any document furnished hereunder or thereunder. 

Section 9.10 No Joint Lead Arranger, Joint Lead Bookrunner, Co-Syndication Agent, or Co-Documentation Agent Duties. Anything
herein to the contrary notwithstanding, no Joint Lead Arranger, Joint Lead Bookrunner, Co-Syndication Agent, or Co-Documentation Agent shall have any powers, duties or responsibilities under this Agreement, except in its capacity, as applicable, as
the Commercial Banks Facility Agent or Commercial Bank Lender hereunder. 
 Section 9.11 Copies. The Commercial Banks Facility
Agent shall give prompt notice to each Commercial Bank Lender of receipt of each notice or request required or permitted to be given to the Commercial Banks Facility Agent by the Borrower pursuant to the terms of this Agreement or any other
Financing Document (unless concurrently delivered to the Commercial Bank Lenders by the Borrower). The Commercial Banks Facility Agent will distribute to each Commercial Bank Lender each document or instrument (including each document or instrument
delivered by the Borrower to the Commercial Banks Facility Agent pursuant to ARTICLE V (Representations and Warranties), ARTICLE VI (Conditions Precedent) and ARTICLE VII (Covenants)) received for the account of the Commercial
Banks Facility Agent and copies of all other communications received by the Commercial Banks Facility Agent from the Borrower for distribution to the Commercial Bank Lenders by the Commercial Banks Facility Agent in accordance with the terms of this
Agreement or any other Financing Document. 
 ARTICLE X 

MISCELLANEOUS PROVISIONS 

Section 10.01 Amendments, Etc. (a) Subject to the terms of the Intercreditor Agreement, no consent, amendment, waiver or
termination of any provision of this Agreement shall be effective unless in writing signed by the Borrower and the Required Banks, and each such amendment, waiver, termination or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided that, without the consent of each Commercial Bank Lender or, in connection with clause (vi)(x)(B) below, the Supermajority Banks (in each case, other than any Commercial Bank Lender that is a Loan
Party, a Sponsor or an Affiliate or Subsidiary thereof), no such amendment, waiver, termination or consent shall: 
 (i) extend or increase
any Commercial Banks Facility Commitment; 

  
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 (ii) postpone any date scheduled for any payment of principal, fees or interest (as applicable)
under Section 3.01 (Repayment of Commercial Bank Loan Borrowings), Section 3.02 (Interest Payment Dates), Section 3.09 (Mandatory Prepayment), or Section 3.12 (Fees) or any date fixed by the
Commercial Banks Facility Agent for the payment of fees or other amounts due to the Commercial Bank Lenders (or any of them) hereunder; 

(iii) reduce the principal of, or the rate of interest specified herein on, any Commercial Bank Loan, or any Fees or other amounts (including
any mandatory prepayments under Section 3.09 (Mandatory Prepayment)) payable to any Commercial Bank Lender hereunder, other than interest payable at the Default Rate; 

(iv) change the order of application of any reduction in any Commercial Banks Facility Commitments or any prepayment of Commercial Bank Loans
from the application thereof set forth in the applicable provisions of Section 2.04 (Termination or Reduction of Commitments), Section 3.08 (Optional Prepayment), Section 3.09 (Mandatory Prepayment),
Section 3.13 (Pro Rata Treatment), or Section 3.14 (Sharing of Payments), respectively, in any manner; 
 (v) change
any provision of this Section 10.01, the definition of Majority Aggregate Secured Credit Facilities Debt Participants, Required Banks, Required Tranche 4 Banks, Supermajority Banks, or any other provision hereof specifying the number or
percentage of Commercial Bank Lenders required to amend, waive, terminate or otherwise modify any rights hereunder or make any determination or grant any consent hereunder; 

(vi) subject to all other provisions of this Section 10.01, release or allow release of (x) the Borrower from (A) all or
(B) a material, portion of its obligations under this Agreement, the Common Terms Agreement or any Security Document, (y) all or a material portion of the Collateral from the Lien of any of the Security Documents (other than with respect
to assets the conveyance, sale, lease, transfer or other disposal of which is permitted under Section 7.2(b) (Prohibition of Fundamental Changes) of the Common Terms Agreement), or (z) any guaranties or commitments (other than any
Commercial Banks Facility Commitments) under or in connection with this Agreement, the Common Terms Agreement or any Security Document; 

(vii) amend, modify, waive or supplement the terms of Section 10.04 (Assignments) of this Agreement or Section 2.7 (Train 6
Debt) of the Common Terms Agreement; 

  
 41 

 (viii) amend the definition of Permitted Indebtedness or Credit Agreement Secured Parties; or

 (ix) amend, modify or waive any of the matters listed on Schedule 1 (Unanimous Decisions) to the Intercreditor Agreement; 

(b) No amendment, waiver, termination or consent of any provision of this Agreement shall, unless in writing and signed by the Commercial
Banks Facility Agent or the Common Security Trustee, as applicable, in addition to the Commercial Bank Lenders required under Section 10.01(a), affect the rights or duties of, or any fees or other amounts payable to, the Commercial Banks
Facility Agent or the Common Security Trustee. 
 (c) In the event that the Commercial Banks Facility Agent is required to cast a vote with
respect to a decision under this Agreement or under the Intercreditor Agreement and in each other instance in which the Commercial Bank Lenders are required to vote or make a decision, a vote shall be taken among the Commercial Bank Lenders in the
timeframe reasonably specified by the Commercial Banks Facility Agent (which timeframe shall expire no more than two (2) Business Days prior to the expiration of the time period specified in the notice provided by the Intercreditor Agent to the
Term Loan Facility Agent pursuant to Section 4.4(a)(4) (Certain Procedures Relating to Modifications, Instructions, and Exercises of Discretion) of the Intercreditor Agreement)). 

(d) Subject to Section 10.01(b), in the event any Commercial Bank Lender does not cast its vote by the later of (i) the timeframe
specified by the Term Loan Facility Agent pursuant to clause (c) above and (ii) ten (10) Business Days following receipt of the request for such vote, the Borrower shall be entitled to instruct the Commercial Banks Facility Agent to
deliver a notice to such Commercial Bank Lender, informing it that if it does not respond within an additional five (5) Business Days of the date of such notice (or such longer period as the Borrower may reasonably determine in consultation
with the Commercial Banks Facility Agent), its vote shall be disregarded. If such Commercial Bank Lender (A) has not advised the Commercial Banks Facility Agent within the time specified in the additional notice whether it approves or
disapproves of the applicable decision or (B) has advised the Commercial Banks Facility Agent that it has determined to abstain from voting on such decision, such Commercial Bank Lender shall be deemed to have waived its right to consent,
approve, waive or provide direction with respect to such decision and shall be excluded from the numerator and denominator of such calculation for the purpose of determining whether the Required Banks have made a decision with respect to such
action. Such Commercial Bank Lender hereby waives any and all rights it may have to object to or seek relief from the decision of the Commercial Bank Lenders voting with respect to such issue and agrees to be bound by such decision;

  
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provided, that the provisions of Sections 10.01(c) and (d) shall not apply to (i) any decision set forth in Section 10.01(a)(i) – (ix) or Schedule 1 (Unanimous
Decisions) to the Intercreditor Agreement or (ii) any vote taken in accordance with Section 4.1(iv) (Majority Decisions) of the Intercreditor Agreement. 

Section 10.02 Entire Agreement. This Agreement, the other Financing Documents and any agreement, document or instrument attached
hereto or referred to herein integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral negotiations and prior writings in respect to the subject matter hereof, including the Commitment Letter, dated as of
June 15, 2015, among the Borrower, ABN Amro Capital USA LLC, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Banco Santander, S.A., Bank of America, N.A., The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ, Ltd., CIC Crédit
Industriel et Commercial, Commonwealth Bank of Australia, Credit Suisse AG, Cayman Islands Branch, Goldman Sachs Bank USA, HSBC Bank USA, National Association, Industrial and Commercial Bank of China Limited New York Branch, ING Capital LLC, Intesa
Sanpaolo S.P.A., New York Branch, JPMorgan Chase Bank, N.A., Landesbank Baden-Württemberg, New York Branch, Lloyds Bank plc, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Royal Bank of Canada, Santander Bank, N.A.,
Société Générale, Sumitomo Mitsui Banking Corporation, Wells Fargo Bank, N.A., and each other Commercial Bank Lender that has executed a joinder thereto. In the event of any conflict between the terms, conditions and
provisions of this Agreement and any such agreement, document or instrument, the terms, conditions and provisions of this Agreement shall prevail. 

Section 10.03 Applicable Government Rule; Jurisdiction; Etc. (a) GOVERNING LAW. 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, UNITED STATES OF AMERICA WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF, OTHER THAN
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
 (b) SUBMISSION TO JURISDICTION. TO THE EXTENT PERMITTED BY APPLICABLE
LAW, EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES
HERETO IRREVOCABLY AND 

  
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UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH
FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS
AGREEMENT OR IN ANY OTHER FINANCING DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY PARTY HERETO MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE
COURTS OF ANY JURISDICTION IF APPLICABLE LAW DOES NOT PERMIT A CLAIM, ACTION OR PROCEEDING REFERRED TO IN THE FIRST SENTENCE OF THIS SECTION TO BE FILED, HEARD OR DETERMINED IN OR BY THE COURTS SPECIFIED THEREIN. 

(c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION
THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT IN ANY COURT REFERRED TO IN SECTION 10.03(b). EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) Service of Process. Each party irrevocably consents to the service of any and all process in any such action or proceeding by the
mailing of copies of such process to such Person at its then effective notice addresses pursuant to Section 10.11 (Notices and Other Communications). Nothing in this Agreement shall affect any right that any party may otherwise have to
bring any action or proceeding relating to this Agreement or any other Financing Document in the courts of any jurisdiction if applicable law does not permit a claim, action or proceeding referred to in the first sentence of Section 10.03(b) to
be filed, heard or determined in or by the courts specified therein. 
 (e) Immunity. To the extent that the Borrower has or
hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its
property, the Borrower hereby irrevocably and unconditionally waives such immunity in respect of its obligations under 

  
 44 

 
the Financing Documents and, without limiting the generality of the foregoing, agrees that the waiver set forth in this Section 10.03(e) shall have the fullest scope permitted under the
Foreign Sovereign Immunities Act of 1976 of the United States and is intended to be irrevocable for purposes of such Act. 
 (f) WAIVER
OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER
FINANCING DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER
FINANCING DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 10.03. 
 Section 10.04
Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of each of the Commercial Bank Lenders and the Commercial Banks Facility Agent (and any attempted assignment or other transfer by the Borrower without such consent
shall be null and void), and no Commercial Bank Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with Section 10.04(b) and Section 10.04(g),
(ii) by way of participation in accordance with Section 10.04(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.04(e) (and any other attempted assignment or transfer by
any party hereto shall be null and void). 
 (b) Subject to Section 10.04(g) and this Section 10.04(b), any Commercial Bank Lender
may at any time after the date hereof assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commercial Banks Facility Commitment with respect to any Tranche or
the Commercial Bank Loans with respect to such Tranche at the time owing to it) (provided that, on the date of such assignment, such assignment would not result in an increase in amounts payable by the Borrower under Section 4.03
(Increased Costs) or Section 4.05 (Funding Losses), unless such increase in amounts payable measured on 

  
 45 

 
such date of assignment is waived by the assigning and assuming Commercial Bank Lenders). Except in the case of (x) an assignment of the entire remaining amount of the assigning Commercial
Bank Lender’s Commercial Banks Facility Commitment with respect to a Tranche and the Commercial Bank Loans with respect to such Tranche at the time owing to it or (y) an assignment to a Commercial Bank Lender, or an Affiliate of a
Commercial Bank Lender, or an Approved Fund with respect to a Commercial Bank Lender, the sum of (1) the outstanding Commercial Banks Facility Commitments, if any, and (2) the outstanding Commercial Bank Loans subject to each such
assignment (determined as of the date the Lender Assignment Agreement with respect to such assignment is delivered to the Commercial Banks Facility Agent or, if “Trade Date” is specified in the Lender Assignment Agreement, as of the Trade
Date) shall not be less than five million Dollars ($5,000,000) and, with respect to the assignment of the Commercial Bank Loans, in integral multiples of one million Dollars ($1,000,000), unless the Commercial Banks Facility Agent otherwise consents
in writing. Subject to Section 10.04(g), each partial assignment shall be made as an assignment of the same percentage of outstanding Commercial Banks Facility Commitment and outstanding Commercial Bank Loans with respect to a Tranche and a
proportionate part of all the assigning Commercial Bank Lender’s rights and obligations under this Agreement with respect to the Commercial Bank Loan with respect to a Tranche and the Commercial Banks Facility Commitment with respect to such
Tranche assigned. The parties to each assignment shall execute and deliver to the Commercial Banks Facility Agent a Lender Assignment Agreement in the form of Exhibit D, together with a processing and recordation fee of three thousand five
hundred Dollars ($3,500); provided that (A) no such fee shall be payable in the case of an assignment to a Commercial Bank Lender, an Affiliate of a Commercial Bank Lender or an Approved Fund with respect to a Commercial Bank Lender and
(B) in the case of contemporaneous assignments by a Commercial Bank Lender to one or more Approved Funds managed by the same investment advisor (which Approved Funds are not then Commercial Bank Lenders hereunder), only a single such three
thousand five hundred Dollar ($3,500) fee shall be payable for all such contemporaneous assignments. If the Eligible Assignee is not a Commercial Bank Lender prior to such assignment, it shall deliver to the Commercial Banks Facility Agent an
administrative questionnaire and all documentation and other information required by bank regulatory authorities under applicable “know your customer” requirements. In connection with any assignment of rights and obligations of any
Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Commercial Banks Facility
Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of
the Borrower and the Commercial Banks Facility Agent, the applicable pro rata share of Commercial Bank 

  
 46 

 
Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Commercial Banks Facility Agent, and each other Commercial Bank Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata
share of all Commercial Bank Loans of each Tranche in accordance with its Commercial Bank Loan Commitment Percentage for such Tranche. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender
hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance
occurs. Subject to acceptance and recording thereof by the Commercial Banks Facility Agent pursuant to Section 10.04(c), from and after the effective date specified in each Lender Assignment Agreement, the Eligible Assignee thereunder shall be
a party to this Agreement and, to the extent of the interest assigned by such Lender Assignment Agreement, have the rights and obligations of a Commercial Bank Lender under this Agreement, and the assigning Commercial Bank Lender thereunder shall,
to the extent of the interest assigned by such Lender Assignment Agreement, be released from its obligations under this Agreement (and, in the case of a Lender Assignment Agreement covering all of the assigning Commercial Bank Lender’s rights
and obligations under this Agreement, such Commercial Bank Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 4.01 (LIBOR Lending Unlawful), Section 4.03 (Increased Costs),
Section 4.05 (Funding Losses), Section 4.06 (Taxes), Section 10.06 (Costs and Expenses) and Section 10.08 (Indemnification by the Borrower) with respect to facts and circumstances occurring prior to
the effective date of such assignment provided that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising
from that Commercial Bank Lender’s having been a Defaulting Lender. Upon request, the Borrower (at its expense) shall execute and deliver a Commercial Bank Loan Note to the assignee Commercial Bank Lender and/or a revised Commercial Bank Loan
Note to the assigning Commercial Bank Lender reflecting such assignment. Any assignment or transfer by a Commercial Bank Lender of rights or obligations under this Agreement that does not comply with this Section 10.04(b) shall be treated for
purposes of this Agreement as a sale by such Commercial Bank Lender of a participation in such rights and obligations in accordance with Section 10.04(d). Upon any such assignment, the Commercial Banks Facility Agent will deliver a notice
thereof to the Borrower (provided that failure to deliver such notice shall not result in any liability for the Commercial Banks Facility Agent). 

(c) The Commercial Banks Facility Agent shall maintain the Register in accordance with Section 2.03(e) (Borrowing of Loans)
above.  

  
 47 

 (d) Any Commercial Bank Lender may at any time, without the consent of, or notice to, the
Borrower or the Commercial Banks Facility Agent, sell participations to any Person (other than a natural person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person, or any Loan
Party, any Sponsor, any Material Project Party, any Person that is party to any Additional Material Project Document or any Affiliate or Subsidiary thereof) (each, a “Participant”) in all or a portion of such Commercial Bank
Lender’s rights or obligations under this Agreement (including all or a portion of its Commercial Banks Facility Commitment or the Commercial Bank Loans owing to it of any Tranche); provided that (i) such Commercial Bank
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Commercial Bank Lender remains solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Commercial
Banks Facility Agent and the other Commercial Bank Lenders shall continue to deal solely and directly with such Commercial Bank Lender in connection with such Commercial Bank Lender’s rights and obligations under this Agreement. For the
avoidance of doubt, each Commercial Bank Lender shall be responsible for the indemnity under Section 9.06 (Indemnification by the Lenders) with respect to any payments made by such Commercial Bank Lender to its Participant(s). Any
agreement or instrument pursuant to which a Commercial Bank Lender sells such a participation shall provide that such Commercial Bank Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver
of any provision of this Agreement; provided that, such agreement or instrument may provide that such Commercial Bank Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in
the first proviso to Section 10.01 (Amendments, Etc.) that directly affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 4.03 (Increased Costs), 4.05 (Funding
Losses) and 4.06 (Taxes) (subject to the requirements and limitations therein, including the requirements under Section 4.06(e) (Taxes – Status of Lenders) (it being understood that any documentation required under
Section 4.06 (Taxes) shall be delivered to the participating Commercial Bank Lender)) to the same extent as if it were a Commercial Bank Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section;
provided that such Participant (A) agrees to be subject to the provisions of Section 4.04 (Obligation to Mitigate) as if it were an assignee under paragraph (b) of this Section; and (B) shall not be entitled to
receive any greater payment under Sections 4.03 (Increased Costs) or 4.06 (Taxes), with respect to any participation, than its participating Commercial Bank Lender would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Commercial Bank Lender that sells a participation agrees, at the Borrower’s request and expense,
to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 4.04 (Obligation to Mitigate) with respect to any Participant. To the extent permitted by law,

  
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each Participant also shall be entitled to the benefits of Section 10.14 (Right of Setoff) as though it were a Commercial Bank Lender; provided that such Participant agrees to
be subject to Section 3.14 (Sharing of Payments) as though it were a Commercial Bank Lender. Each Commercial Bank Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain
a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Commercial Bank Loans or other obligations under the Financing Documents (the
“Participant Register”); provided that no Commercial Bank Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans or its other obligations under any Financing Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan or other obligation is in
registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Commercial Bank Lender shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Commercial Banks Facility Agent (in its capacity as Commercial
Banks Facility Agent) shall have no responsibility for maintaining a Participant Register. 
 (e) Any Commercial Bank Lender may at any time
pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Commercial Bank Loan Notes, if any) to secure obligations of such Commercial Bank Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank or any central bank having jurisdiction; provided that, no such pledge or assignment shall release such Commercial Bank Lender from any of its obligations hereunder or substitute any such pledgee or
assignee for such Commercial Bank Lender as a party hereto. 
 (f) The words “execution,” “signed,”
“signature,” and words of like import in any Lender Assignment Agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Government Rule, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

(g) All assignments by a Commercial Bank Lender of all or a portion of its rights and obligations hereunder with respect to any Tranche with
then outstanding 

  
 49 

 
Commercial Banks Facility Commitments shall be made only as an assignment of the same percentage of outstanding Commercial Banks Facility Commitments and outstanding Commercial Bank Loans of such
Tranche held by such Lender. If a Tranche has no unused Commercial Banks Facility Commitments, assignments of outstanding Commercial Bank Loans of such Tranche may be made, together with a pro rata portion of such Commercial Bank Lender’s
rights and obligations with respect to the Tranche subject to such assignment, in such amounts, to such persons and on such terms as are permitted by and otherwise in accordance with Section 10.04(b). This Section 10.04(g) shall not
prohibit any Commercial Bank Lender from assigning all or a portion of its rights and obligations hereunder among separate Tranches on a non-pro rata basis among such Tranches. 

Section 10.05 Benefits of Agreement. Nothing in this Agreement or any other Financing Document, express or implied, shall be
construed to give to any Person, other than the parties hereto, the Joint Lead Arrangers, the Joint Lead Bookrunners, Co-Documentation Agents, Co-Syndication Agents, each of their successors and permitted assigns under this Agreement or any other
Financing Document, Participants to the extent provided in Section 10.04 (Assignments) and, to the extent expressly contemplated hereby, the Related Parties of each of the Commercial Banks Facility Agent, the Common Security Trustee and
the Commercial Bank Lenders, any benefit or any legal or equitable right or remedy under this Agreement. 
 Section 10.06 Costs and
Expenses. The Borrower shall pay (a) all reasonable and documented out-of-pocket expenses incurred by each of the Commercial Banks Facility Agent, the Common Security Trustee and the Commercial Bank Lenders and their Affiliates (including
all reasonable fees, costs and expenses of one counsel plus one local counsel for the Commercial Bank Lenders and their Affiliates in each relevant jurisdiction (provided that, in the case of the continuation of an Event of Default, any
Commercial Bank Lender may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least number necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable
fees, cost and expenses of such additional counsel)) in connection with the preparation, negotiation, syndication, execution and delivery of this Agreement and the other Financing Documents; (b) all reasonable and documented out of pocket
expenses incurred by the Commercial Banks Facility Agent, the Common Security Trustee and the Commercial Bank Lenders (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Commercial Bank Lenders and their
Affiliates in each relevant jurisdiction (provided that, in the case of the continuation of an Event of Default, any Commercial Bank Lender may retain separate counsel in the event of an actual conflict of interest (which may be multiple
counsel, but only the least number necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)) in connection with any amendments, modifications 

  
 50 

 
or waivers of the provisions of this Agreement and the other Financing Documents (whether or not the transactions contemplated hereby or thereby are consummated); (c) all reasonable and
documented out-of-pocket expenses incurred by the Commercial Banks Facility Agent and the Common Security Trustee (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Commercial Bank Lenders and their
Affiliates in each relevant jurisdiction (provided that, in the case of the continuation of an Event of Default, any Commercial Bank Lender may retain separate counsel in the event of an actual conflict of interest (which may be multiple
counsel, but only the least number necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)) in connection with the administration of this Agreement and the other
Financing Documents (whether or not the transactions contemplated hereby or thereby are consummated); (d) all reasonable and documented out-of-pocket expenses incurred by each Joint Lead Arranger, Joint Lead Bookrunner, Co-Documentation Agent
and Co-Syndication Agent in connection with the initial syndication of the credit facility under this Agreement (including reasonable printing and travel expenses) and (e) all reasonable and documented out-of-pocket expenses incurred by the
Credit Agreement Secured Parties (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Commercial Bank Lenders and their Affiliates in each relevant jurisdiction (provided that, in the case of the
continuation of an Event of Default, any Commercial Bank Lender may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least number necessary to resolve such conflict of interest) and
the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)) in connection with the enforcement or protection (other than in connection with assignment of Commercial Bank Loans or Commercial Banks Facility Commitments)
of their rights in connection with this Agreement and the other Financing Documents, including their rights under this Section 10.06, including in connection with any workout, restructuring or negotiations in respect of the Obligations. This
provisions of this Section 10.06 shall not supersede Sections 4.03 (Increased Costs) and 4.06 (Taxes). Notwithstanding the foregoing, in the event that the Common Security Trustee reasonably believes that a conflict exists in using one
counsel, it may engage its own counsel. 
 Section 10.07 Counterparts; Effectiveness. 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. This Agreement shall become effective when it has been
executed by the Commercial Banks Facility Agent and when the Commercial Banks Facility Agent has received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of
a signature page of this Agreement by facsimile or portable document format (“pdf”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
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 Section 10.08 Indemnification by the Borrower. (a) The Borrower hereby agrees to
indemnify each Credit Agreement Secured Party, each Joint Lead Arranger, each Joint Lead Bookrunner, each Co-Documentation Agent, each Co-Syndication Agent and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including all reasonable fees, costs and expenses of counsel or consultants for any Indemnitee), incurred
by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower arising out of, in connection with, or as a result of: 

(i) the execution or delivery of this Agreement, any other Transaction Document or any agreement or instrument contemplated hereby or thereby,
the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or the administration (other than expenses that do not constitute
out-of-pocket expenses) or enforcement thereof; 
 (ii) any actual or alleged presence, Release or threatened Release of Hazardous Materials
in violation of Environmental Laws or that could reasonably result in an Environmental Claim on or from the Project or any property owned or operated by the Borrower, or any Environmental Affiliate or any liability pursuant to an Environmental Law
related in any way to the Project or the Borrower; 
 (iii) any actual or prospective claim (including Environmental Claims), litigation,
investigation or proceeding relating to any of the foregoing, whether based on common law, contract, tort or any other theory, whether brought by a third party or by the Borrower or any of the Borrower’s members, managers or creditors, and
regardless of whether any Indemnitee is a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Financing Documents is consummated, in all cases, whether or not caused by or arising, in whole or in
part, out of the comparative, contributory or sole negligence of the Indemnitee; or 
 (iv) any claim, demand or liability for broker’s
or finder’s or placement fees or similar commissions, whether or not payable by the Borrower, alleged to have been incurred in connection with such 

  
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transactions, other than any broker’s or finder’s fees payable to Persons engaged by any Credit Agreement Secured Party, Joint Lead Arranger, Joint Lead Bookrunner, Co-Documentation
Agent, Co-Syndication Agent or Affiliates or Related Parties thereof; 
 provided, that, such indemnity shall not, as to any Indemnitee, be available
to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of
such Indemnitee or (y) shall have arisen from a dispute between or among the Indemnitees or from a claim of an Indemnitee against another Indemnitee, which in either case is not the result of an act or omission of the Borrower or any of its
Affiliates. 
 (b) To the extent that the Borrower for any reason fails to pay any amount required under Section 10.06 (Costs
and Expenses) or Section 10.08(a) above to be paid by it to any of the Commercial Banks Facility Agent, the Common Security Trustee, any sub-agent thereof, or any Related Party of any of the foregoing, each Commercial Bank Lender severally
agrees to pay to the Commercial Banks Facility Agent, the Common Security Trustee, any such sub-agent, or such Related Party, as the case may be, such Commercial Bank Lender’s ratable share (determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the
Commercial Banks Facility Agent, the Common Security Trustee, or any sub-agent thereof in its capacity as such, or against any Related Party of any of the foregoing acting for the Commercial Banks Facility Agent, the Common Security Trustee, or any
sub-agent thereof in connection with such capacity. The obligations of the Commercial Bank Lenders under this Section 10.08(b) are subject to the provisions of Section 2.03 (Borrowing of Loans). The obligations of the Commercial
Bank Lenders to make payments pursuant to this Section 10.08(b) are several and not joint and shall survive the payment in full of the Obligations and the termination of this Agreement. The failure of any Commercial Bank Lender to make payments
on any date required hereunder shall not relieve any other Commercial Bank Lender of its corresponding obligation to do so on such date, and no Commercial Bank Lender shall be responsible for the failure of any other Commercial Bank Lender to do
so. 
 (c) All amounts due under this Section 10.08 shall be payable not later than ten (10) Business Days after demand
therefor. 
 (d) The provisions of this Section 10.08 shall not supersede Sections 4.03 (Increased Costs) and 4.06
(Taxes). 

  
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 Section 10.09 Interest Rate Limitation. Notwithstanding anything to the contrary
contained in any Financing Document, the interest paid or agreed to be paid under the Financing Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Government Rule (the “Maximum Rate”). If
the Commercial Banks Facility Agent or any Commercial Bank Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Commercial Bank Loans or, if it exceeds such unpaid
principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Commercial Banks Facility Agent or any Commercial Bank Lender exceeds the Maximum Rate, such Person may, to the extent permitted by
applicable Government Rule, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in
equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 
 Section 10.10
No Waiver; Cumulative Remedies. No failure by any Credit Agreement Secured Party to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Financing Document shall operate
as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies,
powers and privileges herein provided, and provided under each other Financing Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Section 10.11 Notices and Other Communications. (a) Except in the case of notices and other communications expressly
permitted to be given by telephone, all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile or, except with
respect to any notice of Default or Event of Default, sent by email to the address(es), facsimile number or email address specified for the Borrower, the Commercial Banks Facility Agent, the Common Security Trustee or the Commercial Bank Lenders, as
applicable, on Schedule 10.11. 
 (b) Notices sent by hand or overnight courier service, or mailed by certified or registered
mail, shall be deemed to have been given when received; and notices sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the
opening of business on the next Business Day for the recipient). Notices delivered through electronic communications shall be effective as provided in Section 10.11(c). 

  
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 (c) Unless otherwise prescribed, (i) notices and other communications sent to an e-mail
address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement);
provided that, if such notice or other communication is not received during the normal business hours of the recipient, such notice or communication shall be deemed to have been received at the opening of business on the next Business Day for
the recipient, and (ii) notices or communications posted to an internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in Schedule 10.11 of notification
that such notice or communication is available and identifying the website address therefor. Notwithstanding the above, all notices delivered by the Borrower to the Commercial Banks Facility Agent through electronic communications shall be followed
by the delivery of a hard copy. 
 (d) Each of the Borrower, the Commercial Banks Facility Agent and the Common Security Trustee may change
its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each Commercial Bank Lender may change its address, facsimile or telephone number for notices and other communications
hereunder by notice to the Borrower, the Commercial Banks Facility Agent and the Common Security Trustee. 
 (e) The Commercial Banks
Facility Agent, the Common Security Trustee and the Commercial Bank Lenders shall be entitled to rely and act upon any written notices purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner
specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the
Commercial Banks Facility Agent, the Common Security Trustee, the Commercial Bank Lenders and the Related Parties of each of them for all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly
given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Commercial Banks Facility Agent, the Common Security Trustee and the Commercial Bank Lenders by the Borrower may be recorded by the
Commercial Banks Facility Agent, the Common Security Trustee and the Commercial Bank Lenders, as applicable, and each of the parties hereto hereby consents to such recording. 

(f) The Commercial Banks Facility Agent agrees that the receipt of the communications by the Commercial Banks Facility Agent at its e-mail
addresses set forth in Schedule 10.11 shall constitute effective delivery to the Commercial Banks Facility Agent for purposes of the Financing Documents. Each Commercial Bank Lender agrees to notify the Commercial Banks Facility Agent in
writing (including by electronic 

  
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communication) from time to time of such Commercial Bank Lender’s e-mail address(es) to which the notices may be sent by electronic transmission and that such notices may be sent to such
e-mail address(es). 
 (g) Notwithstanding the above, nothing herein shall prejudice the right of the Commercial Banks Facility Agent, the
Common Security Trustee and any of the Commercial Bank Lenders to give any notice or other communication pursuant to any Financing Document in any other manner specified in such Financing Document. 

(h) So long as Société Générale is the Commercial Banks Facility Agent, the Borrower hereby agrees that it will
provide to the Commercial Banks Facility Agent all information, documents and other materials that it is obligated to furnish to the Commercial Banks Facility Agent pursuant to the Financing Documents, including all notices, requests, financial
statements, financial and other reports, certificates and other information materials, but excluding any such communication that (i) relates to any Commercial Bank Loan Borrowing, (ii) relates to the payment of any principal or other
amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any Default or Event of Default or (iv) is required to be delivered to satisfy any condition precedent to any Commercial Bank Loan Borrowing
(all such non-excluded communications being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium in a format acceptable to the Commercial Banks Facility Agent at the
email addresses specified in Schedule 10.11. In addition, the Borrower agrees to continue to provide the Communications to the Commercial Banks Facility Agent in the manner specified in the Financing Documents but only to the extent requested
by the Commercial Banks Facility Agent. 
 (i) So long as Société Générale is the Commercial Banks Facility
Agent, the Borrower further agrees that the Commercial Banks Facility Agent may make the Communications available to the Commercial Bank Lenders by posting the Communications on an internet website that may, from time to time, be notified to the
Commercial Bank Lenders (or any replacement or successor thereto) or a substantially similar electronic transmission system (the “Platform”). The costs and expenses incurred by the Commercial Banks Facility Agent in creating and
maintaining the Platform shall be paid by Borrower in accordance with Section 10.06 (Costs and Expenses). 
 (j) THE
PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE COMMERCIAL BANKS FACILITY AGENT DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIMS LIABILITY
FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY 

  
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WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE COMMERCIAL BANKS FACILITY AGENT
IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE COMMERCIAL BANKS FACILITY AGENT OR ANY AFFILIATE THEREOF OR ANY OF ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES (COLLECTIVELY, “AGENT
PARTIES”) HAVE ANY LIABILITY TO THE BORROWER, ANY COMMERCIAL BANK LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT,
CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER’S OR ANY AGENT PARTY’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF
COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 Section 10.12
Patriot Act Notice. Each of the Commercial Bank Lenders, the Commercial Banks Facility Agent and the Common Security Trustee hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify
and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Commercial Bank Lender, the Commercial Banks Facility Agent or the Common Security
Trustee, as applicable, to identify the Borrower in accordance with the Patriot Act. 
 Section 10.13 Payments Set Aside. To the
extent that any payment by or on behalf of the Borrower is made to the Commercial Banks Facility Agent, the Common Security Trustee or any Commercial Bank Lender, or the Commercial Banks Facility Agent, the Common Security Trustee or any Commercial
Bank Lender (as the case may be) exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to
any settlement entered into by the Commercial Banks Facility Agent, the Common Security Trustee or such Commercial Bank Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any bankruptcy or insolvency
proceeding or otherwise, then (a) to the extent of such recovery, the Obligation or part thereof originally intended to be satisfied by such payment shall be revived and continued in full force and effect as if such payment had not been made or
such setoff had not occurred, and (b) each Commercial Bank Lender severally agrees to pay to the Commercial Banks Facility Agent or the Common Security 

  
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Trustee upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Commercial Banks Facility Agent or the Common Security Trustee, as the case may be,
plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Commercial Bank Lenders under this
Section 10.13 shall survive the payment in full of the Obligations and the termination of this Agreement. 
 Section 10.14
Right of Setoff. Each of the Commercial Bank Lenders and each of their respective Affiliates is hereby authorized at any time and from time to time during the continuance of an Event of Default, to the fullest extent permitted by applicable
Government Rule, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Commercial Bank
Lender or any such Affiliate to or for the credit or the account of the Borrower against any and all of the Obligations of the Borrower now or hereafter existing under this Agreement or any other Financing Document to such Commercial Bank Lender,
irrespective of whether or not such Commercial Bank Lender shall have made any demand under this Agreement or any other Financing Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office
of such Commercial Bank Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each of the Commercial Bank Lenders and their respective Affiliates under this Section 10.14 are in
addition to other rights and remedies (including other rights of setoff) that such Commercial Bank Lender or their respective Affiliates may have. Each of the Commercial Bank Lenders agrees to notify the Borrower and the Commercial Banks Facility
Agent promptly after any such setoff and application; provided that, the failure to give such notice shall not affect the validity of such setoff and application. 

Section 10.15 Severability. If any provision of this Agreement or any other Financing Document is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Financing Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 10.16
Survival. Notwithstanding anything in this Agreement to the contrary, Section 4.01 (LIBOR Lending Unlawful), Section 4.03 (Increased Costs), Section 4.06 (Taxes), Section 9.06 (Indemnification by
the Lenders), Section 10.06 (Costs 

  
 58 

 
and Expenses), Section 10.08 (Indemnification by the Borrower) and Section 10.13 (Payments Set Aside) shall survive any termination of this Agreement. In addition,
each representation and warranty made hereunder and in any other Financing Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such
representations and warranties shall be considered to have been relied upon by the Credit Agreement Secured Parties regardless of any investigation made by any Credit Agreement Secured Party or on their behalf and notwithstanding that the Credit
Agreement Secured Parties may have had notice or knowledge of any Default or Event of Default at the time of the Commercial Bank Loan Borrowing, and shall continue in full force and effect as of the date made or any date referred to herein as long
as any Commercial Bank Loan or any other Obligation hereunder or under any other Financing Document shall remain unpaid or unsatisfied. 

Section 10.17 Treatment of Certain Information; Confidentiality. The Commercial Banks Facility Agent, the Common Security Trustee,
and each of the Commercial Bank Lenders agrees to maintain the confidentiality of the Information, except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective shareholders, members, partners,
directors, officers, employees, agents, advisors, auditors, insurers and representatives (provided that the Persons to whom such disclosure is made will be informed prior to disclosure of the confidential nature of such Information and
instructed to keep such Information confidential); (b) to the extent requested or required by any regulatory authority purporting to have jurisdiction over it or to any Federal Reserve Bank or central bank in connection with a pledge or
assignment pursuant to Section 10.04(e) (Assignments); (c) to the extent required by applicable Government Rule or regulations or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) in
connection with the exercise of any remedies hereunder or under any other Financing Document or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder (including any actual or prospective purchaser of
Collateral); (f) subject to an agreement containing provisions substantially the same as those of this Section 10.17, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of
its rights or obligations under this Agreement, (ii) any direct or indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor) to any credit
derivative transaction relating to obligations of the Borrower or (iii) any Person (and any of its officers, directors, employees, agents or advisors) that may enter into or support, directly or indirectly, or that may be considering entering
into or supporting, directly or indirectly, either (A) contractual arrangements with the Commercial Banks Facility Agent, the Common Security Trustee, or such Commercial Bank Lender, or any Affiliates thereof, pursuant to which all or any
portion of the risks, rights, benefits or obligations under or 

  
 59 

 
with respect to any Commercial Bank Loan or Financing Document is transferred to such Person or (B) an actual or proposed securitization or collateralization of, or similar transaction
relating to, all or a part of any amounts payable to or for the benefit of any Commercial Bank Lender under any Financing Document (including any rating agency); (g) with the consent of the Borrower (which consent shall not unreasonably be
withheld or delayed); (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section 10.17 or (ii) becomes available to the Commercial Banks Facility Agent, the Common
Security Trustee, any Commercial Bank Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower; (i) to any state, federal or foreign authority or examiner (including the National Association
of Insurance Commissioners or any other similar organization) regulating any Commercial Bank Lender, the Common Security Trustee or the Commercial Banks Facility Agent; or (j) to any rating agency when required by it (it being understood that,
prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to the Borrower received by it from any Commercial Bank Lender or the Commercial Banks Facility Agent or Common Security
Trustee, as applicable). In addition, the Commercial Banks Facility Agent, the Common Security Trustee, and any Commercial Bank Lender may disclose the existence of this Agreement and information about this Agreement to market data collectors,
similar service providers to the lending industry, and service providers to the Commercial Banks Facility Agent, the Common Security Trustee and the Commercial Bank Lenders in connection with the administration and management of this Agreement, the
other Financing Documents, the Commercial Banks Facility Commitments, and the Commercial Bank Loan Borrowings. For the purposes of this Section 10.17, “Information” means written information that is furnished by or on behalf of
the Borrower, the Pledgor, the Sponsor or any of their Affiliates to the Commercial Banks Facility Agent, the Common Security Trustee or any Commercial Bank Lender pursuant to or in connection with any Financing Document, relating to the assets and
business of the Borrower, the Pledgor, the Sponsor or any of their Affiliates, but does not include any such information that (i) is or becomes generally available to the public other than as a result of a breach by the Commercial Banks
Facility Agent, the Common Security Trustee or such Commercial Bank Lender of its obligations hereunder, (ii) is or becomes available to the Commercial Banks Facility Agent, the Common Security Trustee or such Commercial Bank Lender from a
source other than the Borrower, the Pledgor, the Sponsor or any of their Affiliates, as applicable, that is not, to the knowledge of the Commercial Banks Facility Agent, the Common Security Trustee or such Commercial Bank Lender, acting in violation
of a confidentiality obligation with the Borrower, the Pledgor, the Sponsor or any of their Affiliates, as applicable or (iii) is independently compiled by the Commercial Banks Facility Agent, the Common Security Trustee or any Commercial Bank
Lender, as evidenced by their records, without the use of the Information. Any Person required to maintain the confidentiality of Information as 

  
 60 

 
provided in this Section 10.17 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information. 
 Section 10.18 Waiver of Consequential Damages,
Etc. To the fullest extent permitted by applicable Government Rule, no party hereto shall assert, and each party hereto hereby waives, any claim against any other party hereto or their Related Parties, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Financing Document or any agreement or instrument contemplated hereby, the
transactions contemplated hereby or thereby, any Commercial Bank Loan or the use of the proceeds thereof. No party hereto or its Related Parties shall be liable for any damages arising from the use by unintended recipients of any information or
other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Financing Documents or the transactions contemplated hereby or thereby. 

Section 10.19 Waiver of Litigation Payments. To the extent that any party hereto may, in any action, suit or proceeding brought in
any of the courts referred to in Section 10.03(b) (Applicable Government Rule; Jurisdiction, Etc.) or elsewhere arising out of or in connection with this Agreement or any other Financing Document to which it is a party, be entitled to
the benefit of any provision of law requiring any other party hereto in such action, suit or proceeding to post security for the costs of such Person or to post a bond or to take similar action, each such Person hereby irrevocably waives such
benefit, in each case to the fullest extent now or in the future permitted under the laws of the State of New York or, as the case may be, the jurisdiction in which such court is located. 

Section 10.20 Reinstatement. This Agreement and the obligations of the Borrower hereunder shall automatically be reinstated if and
to the extent that for any reason any payment made pursuant to this Agreement is rescinded or must otherwise be restored or returned, whether as a result of any proceedings in bankruptcy or reorganization or otherwise with respect to the Borrower or
any other Person or as a result of any settlement or compromise with any Person (including the Borrower) in respect of such payment, and the Borrower shall pay the Credit Agreement Secured Parties on demand all of their reasonable costs and expenses
(including reasonable fees, expenses and disbursements of counsel) incurred by such parties in connection with such rescission or restoration. 

Section 10.21 No Recourse. 

  
 61 

 (a) Each Credit Agreement Secured Party that is a party hereto acknowledges and agrees that the
obligations of the Loan Parties under this Agreement and the other Financing Documents, including with respect to the payment of the principal of or premium or penalty, if any, or interest on any Obligations, or any part thereof, or for any claim
based thereon or otherwise in respect thereof or related thereto, are obligations solely of the Loan Parties and shall be satisfied solely from the Security and the assets of the Loan Parties and shall not constitute a debt or obligation of the
Sponsor or any of its respective Affiliates (other than the Loan Parties), nor of any past, present or future officers, directors, employees, shareholders, agents, attorneys or representatives of the Loan Parties, the Sponsor and their respective
Affiliates (collectively (but excluding the Loan Parties), the “Non-Recourse Parties”). 
 (b) Each Credit Agreement
Secured Party that is party hereto acknowledges and agrees that the Non-Recourse Parties shall not be liable for any amount payable under this Agreement or any Financing Document, and no Credit Agreement Secured Party shall seek a money judgment or
deficiency or personal judgment against any Non-Recourse Party for payment or performance of any obligation of the Loan Parties under this Agreement or the other Financing Documents. 

(c) The acknowledgments, agreements and waivers set out in this Section 10.21 shall survive termination of this Agreement and shall be
enforceable by any Non-Recourse Party and are a material inducement for the execution of this Agreement and the other Financing Documents by the Loan Parties. 

Section 10.22 Intercreditor Agreement. Any actions, consents, approvals, authorizations or discretion taken, given, made or
exercised, or not taken, given, made or exercised by the Commercial Banks Facility Agent, acting as a Secured Debt Holder Group Representative on behalf of the Commercial Bank Lenders, in accordance with the Intercreditor Agreement shall be binding
on each Commercial Bank Lender. Notwithstanding anything to the contrary herein, in the case of any inconsistency between this Agreement and the Intercreditor Agreement, the Intercreditor Agreement shall govern. 

Section 10.23 Termination. This Agreement shall terminate and shall have no force and effect (except with respect to the
provisions that expressly survive termination of this Agreement) if (a) either the Initial Advance or the incurrence of Replacement Debt does not occur on or prior to the first anniversary of the Closing Date (or such later date as may be
agreed to in writing by all of the Commercial Bank Lenders) or (b) all Obligations have been indefeasibly paid in full and all Commercial Banks Facility Commitments have been terminated and the Commercial Banks Facility Agent shall have given
the notice required by Section 2.11(a) (Termination of Obligations) of the Common Terms Agreement. 

  
 62 

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

			
	 SABINE PASS LIQUEFACTION, LLC,

as the Borrower

		
	By:		 /s/ Lisa C. Cohen

	Name:		Lisa C. Cohen
	Title:		Treasurer

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

			
	 SOCIÉTÉ GÉNÉRALE,

as the Commercial Banks Facility Agent and the
 Common Security
Trustee 

		
	By:		 /s/ ROBERTO S SIMON

	Name:		ROBERTO S SIMON
	Title:		Managing Director

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

			
	 ABN AMRO CAPITAL USA LLC,
 as
Commercial Bank Lender

		
	By:		 /s/ Darrell Holley

	Name:		Darrell Holley
	Title:		Managing Director

  

			
	By:		 /s/ Casey Lowary

	Name:		Casey Lowary
	Title:		Executive Director

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

			
	 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH,

as Commercial Bank Lender

		
	By:		 /s/ Anne Maureen Sarfati

			
	Name:		Anne Maureen Sarfati
	Title:		Vice President-Structured Finance North America

  

			
	By:		 /s/ Nurys Maleki

			
	Name:		Nurys Maleki
	Title:		 Director
 Global Trade Finance

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

			
	 BANCO SANTANDER, S.A.,
 as
Commercial Bank Lender

		
	By:		 /s/ Carlos Muñiz

			
	Name:		Carlos Muñiz
	Title:		MANAGING DIRECTOR

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

			
	 BANK OF AMERICA, N.A.,
 as
Commercial Bank Lender

		
	By:		 /s/ Ronald E. McKaig

			
	Name:		Ronald E. McKaig
	Title:		Managing Director

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

			
	 THE BANK OF NOVA SCOTIA,
 as
Commercial Bank Lender

		
	By:		 /s/ Alan Dawson

			
	Name:		Alan Dawson
	Title:		Director

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

			
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as Commercial Bank Lender

		
	By:		 /s/ Billy Tracy

			
	Name:		Billy Tracy
	Title:		Managing Director

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

			
	 CAIXABANK, S.A.,
 as
Commercial Bank Lender

		
	By:		 /s/ Antoni Jofre

			
	Name:		 Antoni Jofre

	Title:		 ENERGY & NATURAL RESOURCES

DIRECTOR

  

			
	By:		 /s/ David Ferrerons

	Name:		 David Ferrerons

 
			
	Title:		 ENERGY & NATURAL RESOURCES

DIRECTOR

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

			
	 CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK,

as Commercial Bank Lender

		
	By:		 /s/ Frédéric Petit

			
	Name:		 Frédéric Petit

	Title:		Vice President

  

			
	By:		 /s/ Kenneth Ricciardi

			
	Name:		Kenneth Ricciardi
	Title:		Director

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

					
			 CRÉDIT INDUSTRIEL ET COMMERCIAL,

as Commercial Bank Lender

			
			By:		 /s/ Virginie MC GETRICK

			Name:		Virginie MC GETRICK
			Title:		VP
			
			By:		 /s/ Philippe GINESTET

			Name:		Philippe GINESTET
			Title:		Crédit Industrial of Commercial

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

			
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Commercial Bank Lender

		
	By:		 /s/ Nupur Kumar

			
	Name:		 Nupur Kumar

	Title:		 Authorized Signatory

  

			
	By:		 /s/ Karim Rahimtoola

			
	Name:		Karim Rahimtoola
	Title:		Authorized Signatory

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

			
	 GOLDMAN SACHS BANK USA,
 as
Commercial Bank Lender

		
	By:		 /s/ Eric Muller

			
	Name:		Eric Muller
	Title:		Authorized Signatory

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

			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as Commercial Bank Lender

		
	By:		 /s/ Duncan Caird

			
	Name:		Duncan Caird
	Title:		Managing Director

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

			
	 INDUSTRIAL AND COMMERICAL BANK OF CHINA LIMITED, NEW YORK BRANCH,

as Commercial Bank Lender

		
	By:		 /s/ Yuqiang Xiao

			
	Name:		Yuqiang Xiao
	Title:		General Manager

  

			
	By:		 /s/ Peitao Chen

			
	Name:		Peitao Chen
	Title:		Deputy General Manager

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

			
	 ING CAPITAL LLC,
 as
Commercial Bank Lender 

		
	By:		 /s/ Subha Pasumarti

			
	Name:		Subha Pasumarti
	Title:		Managing Director

  

			
	By:		 /s/ Hans Beekmans

			
	Name:		Hans Beekmans
	Title:		Director

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

			
	 INTESA SANPAOLO S.P.A., NEW YORK BRANCH,

as Commercial Bank Lender

		
	By:		 /s/ Alessandro Vitale

			
	Name:		Alessandro Vitale
	Title:		First Vice President

  

			
	By:		 /s/ Nicholas A. Matacchieri

			
	Name:		Nicholas A. Matacchieri
	Title:		Vice President

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

			
	 JPMORGAN CHASE BANK, N.A.,

as Commercial Bank Lender

		
	By:		/s/ MUHAMMAD HASAN

 
			
	Name:		MUHAMMAD HASAN
	Title:		VICE PRESIDENT

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

			
	 LANDESBANK BADEN-WÜRTTEMBERG, NEW YORK BRANCH,

as Commercial Bank Lender

		
	By:		/s/ Arndt Bruns

 
			
	Name:		Arndt Bruns
	Title:		Vice President
		
	By:		/s/ Markus Schmauder

 
			
	Name:		Markus Schmauder
	Title:		Head of Corporate and Institutional Banking

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

			
	 LLOYDS BANK PLC,
 as
Commercial Bank Lender

		
	By:	 	 /s/ Erin Doherty

	Name:	 	Erin Doherty
	Title:	 	 Assistant Vice President

Transaction Execution

Category A

D006

		
	By:	 	 /s/ Daven Popat

	Name:	 	Daven Popat
	Title:	 	 Senior Vice President

Transaction Execution

Category A

P003

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

			
	 MIZUHO BANK, LTD.,
 as
Commercial Bank Lender

		
	By:		/s/ JUNJI HASEGAWA

 
			
	Name:		JUNJI HASEGAWA
	Title:		SENIOR VICE PRESIDENT

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

			
	 MORGAN STANLEY BANK, N.A.,

as Commercial Bank Lender

		
	By:		 /s/ Hamish Bunn

			
	Name:		Hamish Bunn
	Title:		Authorized Signatory

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

			
	 MORGAN STANLEY SENIOR FUNDING, INC.,

as Commercial Bank Lender

		
	By:		 /s/ Hamish Bunn

			
	Name:		Hamish Bunn
	Title:		Authorized Signatory

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

			
	 ROYAL BANK OF CANADA,
 as
Commercial Bank Lender

		
	By:		/s/ Jason S York

 
			
	Name:		Jason S York
	Title:		Authorized Signatory

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

			
	 SANTANDER BANK, N.A.,
 as
Commercial Bank Lender

		
	By:		 /s/ Daniel S. Kostman

			
	Name:		Daniel S. Kostman
	Title:		VP
		
	By:		 /s/ Nuno Dias Andrade

			
	Name:		Nuno Dias Andrade
	Title:		ED

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

			
	 SOCIÉTÉ GÉNÉRALE,

as Commercial Bank Lender

		
	By:		     Roberto S.
Simon

 
			
	Name:		Roberto S. Simon
	Title:		Managing Director

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

			
	 SUMITOMO MITSUI BANKING CORPORATION,

as Commercial Bank Lender

		
	By:		/S/ ISAAC DEUTSCH

 
			
	Name:		ISAAC DEUTSCH
	Title:		MANAGING DIRECTOR

 EXHIBIT A TO 

AMENDED & RESTATED CREDIT AGREEMENT (TERM LOAN A) 

Definitions 
 “Agent
Parties” has the meaning provided in Section 10.11(j) (Notices and Other Communications).  
 “Aggregate
Commercial Banks Facility Commitment” means two billion, eight hundred fifty million Dollars ($2,850,000,000.00), as the same may be reduced in accordance with Section 2.04 (Termination or Reduction of
Commitments). 
 “Aggregate Tranche Commitment” means, with respect to Tranche 1, two hundred million Dollars
($200,000,000.00), with respect to Tranche 2, one hundred fifty million Dollars ($150,000,000.00), with respect to Tranche 3, one hundred fifty million Dollars ($150,000,000.00), and with respect to Tranche 4, two billion three hundred fifty million
Dollars ($2,350,000,000.00), in each case, as the same may be reduced in accordance with Section 2.04 (Termination or Reduction of Commitments). 

“Agreement” has the meaning provided in the Preamble. 

“Amortization Schedule” means the amortization schedule set forth in Schedule 3.01(a). 

“Applicable Margin” means (a) prior to the Project Completion Date, 1.75%, and (b) on the Project Completion Date and
thereafter, 1.75%.  
 “Approved Fund” means, with respect to any Eligible Facility Lender that is a fund that invests in
commercial loans, any other fund that invests in commercial loans and is managed or advised by the same investment advisor as such Eligible Facility Lender or by an Affiliate of such investment advisor. 

“Availability Period” means the period commencing on the date of the Initial Advance and ending on the earliest to occur of (a) the
Project Completion Date, (b) the Initial Quarterly Payment Date and (c) the date the Commercial Bank Lenders terminate all their Commercial Banks Facility Commitments (or such Commercial Banks Facility Commitments are automatically
terminated) upon the occurrence and during the continuance of an Event of Default.  
 “Base Rate” means, for any day, a fluctuating
rate per annum equal to the highest of (a) the Federal Funds Effective Rate plus one-half of one percent (0.50%), (b) the average 

 
rate of interest in effect for such day as publicly announced from time to time by the Commercial Banks Facility Agent as its “prime rate” and (c) LIBOR for an interest period of
one month plus one percent (1%). The “prime rate” is the rate set by the Commercial Banks Facility Agent based upon various factors including its costs and desired return, general economic conditions and other factors, and is used as a
reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by the Commercial Banks Facility Agent shall take effect at the opening of business on the day specified in the
public announcement of such change. For purposes of this definition, if LIBOR for any interest period is less than zero percent (0%), it shall be deemed zero percent (0%) for such interest period. 

“Base Rate Loan” means any Commercial Bank Loan bearing interest at a rate determined by reference to the Base Rate and
the provisions of ARTICLE II (Commitments and Borrowing) and ARTICLE III (Repayments, Prepayments, Interest and Fees). 

“Borrower” has the meaning provided in the Preamble. 

“Break Costs” means the aggregate of LIBOR breakage expenses, prepayment indemnities or other similar amounts that will become payable by the
Borrower in respect of any prepayment under the Term Loan A Credit Agreement or any revocation of a notice of prepayment delivered under the Term Loan A Credit Agreement. 

“Change in Law” means (a) the adoption or introduction of any law, rule, directive, guideline, decision or regulation after the
Closing Date, (b) any change in law, rule, directive, guideline, decision or regulation or in the interpretation or application thereof by any Government Authority charged with its interpretation or administration after the Closing Date or
(c) compliance by any Commercial Bank Lender, by any lending office of such Commercial Bank Lender, or by such Commercial Bank Lender’s holding company, if any, with any written request, guideline, decision or directive (whether or not
having the force of law but if not having the force of law, then being one with which the relevant party would customarily comply) of any Government Authority charged with its interpretation or administration made or issued after the Closing Date;
provided, however, that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection
therewith or in implementation thereof, and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued or implemented. 

  
 2 

 “Co-Documentation Agents” means The Bank of Nova Scotia, HSBC Bank USA, National Association,
ING Capital LLC, JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., and Sumitomo Mitsui Banking Corporation, in each case, not in its individual capacity, but as co-documentation agent hereunder. 

“Co-Syndication Agents” means ABN Amro Capital USA LLC, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Banco Santander, S.A., Bank of
America, N.A., The Bank of Tokyo-Mitsubishi UFJ, LTD., Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Intesa Sanpaolo S.P.A., New York Branch, Mizuho Bank, Ltd., Royal Bank of
Canada, Santander Bank, N.A., and Société Générale, in each case, not in its individual capacity, but as co-syndication agent hereunder. 

“Commercial Bank Lenders” means those commercial bank lenders identified on Schedule 2.01 and each other Person that acquires
the rights and obligations of any such Commercial Bank Lender pursuant to Section 10.04 (Assignments) but excluding any Person that has assigned all of its rights and obligations under the Term Loan A Credit Agreement in
accordance with Section 10.04 (Assignments). 
 “Commercial Bank Loan” has the meaning provided in
Section 2.01(a) (Commercial Bank Loans). 
 “Commercial Bank Loan Borrowing” means each disbursement of Commercial Bank
Loans by the Commercial Bank Lenders (or the Commercial Banks Facility Agent on their behalf) on any single date to the Borrower in accordance with Section 2.03 (Borrowing of Loans) and Section 6 (Conditions
Precedent). 
 “Commercial Bank Loan Commitment Percentage” means, as to any Commercial Bank Lender at any time,
with respect to each Tranche, the percentage that such Commercial Bank Lender’s Commercial Banks Facility Commitment with respect to such Tranche then constitutes of the Aggregate Tranche Commitment for such Tranche. 

“Commercial Bank Loan Notes” means the promissory notes of the Borrower, substantially in the form of Exhibit B evidencing
Commercial Bank Loans, in each case duly executed and delivered by an Authorized Officer of the Borrower in favor of each Commercial Bank Lender, including any promissory notes issued by the Borrower in connection with assignments of any Commercial
Bank Loan of the Commercial Bank Lenders, as they may be amended, restated, supplemented or otherwise modified from time to time. 

“Commercial Banks Facility Agent” means Société Générale, not in its individual capacity,
but solely as administrative agent for the Commercial Bank Loan hereunder, and each other Person that may, from time to time, be appointed as successor Commercial Banks Facility Agent pursuant to Section 9.07 (Resignation or Removal of
Commercial Banks Facility Agent). 

  
 3 

 “Commercial Banks Facility Commitment” means the Tranche 1 Commercial Bank Loan
Commitment, the Tranche 2 Commercial Bank Loan Commitment, the Tranche 3 Commercial Bank Loan Commitment, and the Tranche 4 Commercial Bank Loan Commitment, individually or collectively as the context requires. 

“Commitment Fee” has the meaning provided in Section 3.12(a) (Fees). 

“Common Terms Agreement” means that Second Amended and Restated Common Terms Agreement, dated on or about the date hereof, by and
among the Borrower, each Secured Debt Holder Group Representative party thereto, each Secured Hedge Representative party thereto, each Secured Gas Hedge Representative party thereto, the Common Security Trustee and the Intercreditor Agent. 

 “Communications” has the meaning provided in Section 10.11(h) (Notices and Other Communications). 

“Credit Agreement Secured Parties” means the Commercial Bank Lenders, the Commercial Banks Facility Agent, the Common Security Trustee
and each of their respective successors and permitted assigns, in each case in connection with the Term Loan A Credit Agreement or the Commercial Bank Loan Notes. 

“Default Rate” has the meaning provided in Section 3.05 (Post-Maturity Interest Rates; Default Interest Rates). 

“Defaulting Lender” means a Commercial Bank Lender which (a) has defaulted in its obligations to fund any Commercial Bank Loan or
otherwise failed to comply with its obligations under Section 2.01 (Commercial Bank Loans), unless (x) such default or failure is no longer continuing or has been cured within three (3) Business Days after such default or
failure or (y) such Commercial Bank Lender notifies the Commercial Banks Facility Agent and the Borrower in writing that such failure is the result of such Commercial Bank Lender’s determination that one or more conditions precedent to
funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (b) has notified the Borrower and/or the Commercial Banks Facility Agent that it does
not intend to comply with its obligations under Section 2.01 (Commercial Bank Loans) or has made a public statement to that effect or (c) has, or has a direct or indirect parent company that has, (x) become the subject of a
proceeding under any Bankruptcy Code or any applicable federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors, or (y) had appointed for it a receiver, custodian, conservator,

  
 4 

 
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance
Corporation or any other state or federal regulatory authority acting in such a capacity; provided that, for the avoidance of doubt, a Commercial Bank Lender shall not be a Defaulting Lender solely by virtue of (i) the ownership or
acquisition of any equity interest in that Commercial Bank Lender or any direct or indirect parent company thereof by a Government Authority or (ii) in the case of a solvent Person, the precautionary appointment of an administrator, guardian,
custodian or other similar official by a Government Authority under or based on the law of the country where such Person is subject to home jurisdiction supervision if Government Rule requires that such appointment not be publicly disclosed, in any
case, where such action does not result in or provide such Commercial Bank Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such
Commercial Bank Lender (or such Government Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Commercial Bank Lender. 

“Eligible Assignee” means (a) any Eligible Facility Lender, (b) an Affiliate of any Eligible Facility Lender
and (c) any other Person (other than a natural person) approved by the Commercial Banks Facility Agent (not to be unreasonably withheld) and, unless an Event of Default shall then be continuing, with the consent of the Borrower (not to be
unreasonably withheld); provided, that the Borrower shall be deemed to have consented unless it shall object thereto by written notice to the Commercial Banks Facility Agent within five (5) Business Days after having received notice of
the proposed assignment; provided, further, that, notwithstanding the foregoing, an Eligible Assignee shall not include any Defaulting Lender (as defined herein or in any other Facility Agreement), Loan Party, the Sponsor, Blackstone, any
Material Project Party or any Affiliate or Subsidiary of any of the foregoing (other than (i) any fund managed by, or under common management with, GSO Capital Partners LP, (ii) any fund managed by GSO Debt Funds Management LLC, Blackstone
Debt Advisors L.P., Blackstone Distressed Securities Advisors L.P., Blackstone Mezzanine Advisors L.P. or Blackstone Mezzanine Advisors II L.P. and (iii) any other Affiliate of Blackstone Capital Partners VI or GSO Capital Partners LP that is a
bona fide diversified debt fund, in each case only if the sum of the undisbursed Commercial Banks Facility Commitments and the Commercial Bank Loans of such Persons does not exceed $300,000,000 in the aggregate; provided, that for the
avoidance of doubt, any outstanding Commercial Banks Facility Commitments and Commercial Bank Loans of such Affiliates of Blackstone shall be disregarded (x) from both the numerator and denominator for purposes of calculating any voting
percentage required to approve or deny any action, vote, consent, waiver or other matter under the Financing Documents and (y) for all other purposes as set forth in Section 3.3(b) (Intercreditor Votes; Each Party’s Entitlement to
Vote) of the Intercreditor Agreement). 

  
 5 

 “Eligible Facility Lender” means any of: (a) the Commercial Bank Lenders,
(b) if applicable, the Train 6 Facility Lenders, (c) the KEXIM Covered Facility Lenders or (d) the KSURE Covered Facility Lenders. 

“Eligible Transferee” means any bank or other financial institution which has a credit rating of A- or higher from S&P or A3 or
higher from Moody’s.  
 “Excluded Taxes” means, with respect to the Commercial Banks Facility Agent, any
Commercial Bank Lender or any other recipient of any payment to be made by or on account of any Obligation of the Borrower, (a)(i) income or franchise Taxes, in each case, imposed on (or measured by) its net income (however denominated) by the
United States or by the jurisdiction (or any subdivision thereof) under the laws of which such Person is organized or in which its principal office is located or, in the case of a Commercial Bank Lender, in which its applicable lending office is
located or (ii) any branch profits Taxes or any similar Taxes on retained earnings imposed by any jurisdiction described in clause (a)(i) that relates to such Person or any jurisdiction in which the Borrower is located, (b) in the case of
a Commercial Bank Lender, any U.S. federal withholding Tax that is imposed on amounts payable to such Commercial Bank Lender with respect to an applicable interest in a Commercial Bank Loan pursuant to a law in effect at the time such Commercial
Bank Lender becomes a party to the Term Loan A Credit Agreement (other than pursuant to an assignment request by the Borrower under Section 4.04 (Obligation to Mitigate)) or changes its lending office (except to the extent that amounts
with respect to such Taxes were payable either to such Commercial Bank Lender’s assignor immediately before such Commercial Bank Lender became a party hereto or to such Commercial Bank Lender immediately before it changed its lending office),
(c) Taxes attributable to such Commercial Bank Lender’s failure to comply with Section 4.06(e) (Taxes- Status of Lenders), (d) any United States federal withholding Tax imposed under FATCA and (e) Other
Connection Taxes. 
 “FATCA” means Sections 1471 through 1474 of the Code, as in effect on the date of the Term Loan A Credit
Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any United States Department of Treasury regulation promulgated thereunder and published administrative guidance
implementing such Sections and any agreements entered into pursuant to Section 1471(b) of the Code. 
 “Federal Funds Effective
Rate” means, for any day, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged
by federal funds brokers on such day, as published on the next succeeding Business Day by the Federal Reserve Bank of New York; provided, that (a) if the day for which such rate is to be determined is not a Business Day, the Federal
Funds 

  
 6 

 
Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day and (b) if such rate is not so
published for any day that is a Business Day, the Federal Funds Effective Rate for such day shall be the average of the quotations for such day for such transactions received by the Commercial Banks Facility Agent from three (3) federal funds
brokers of recognized standing selected by the Commercial Banks Facility Agent. 
 “Fees” means, collectively, each of the fees
payable by the Borrower for the account of any Commercial Bank Lender or the Commercial Banks Facility Agent pursuant to Section 3.12 (Fees). 

“Indemnified Taxes” means (a) Taxes imposed on or with respect to any payment made on account of any Obligation of the Borrower
hereunder to the Commercial Banks Facility Agent, the Common Security Trustee, the Commercial Bank Lenders or any other recipient of any payment to be made by or on account of any Obligation of the Borrower hereunder other than Excluded Taxes, and
(b) to the extent not otherwise described in clause (a), Other Taxes. 
 “Indemnitee” has the meaning provided in
Section 10.08(a) (Indemnification by the Borrower). 
 “Information” has the meaning provided in Section 10.17
(Treatment of Certain Information; Confidentiality). 
 “Interest Payment Date” has the meaning provided in Section 3.02(a)
(Interest Payment Dates). 
 “Interest Period” means, with respect to any LIBO Loan, the period beginning on
the date on which such LIBO Loan is made pursuant to Section 2.03(a) (Borrowing of Loans) or on the last day of the immediately preceding Interest Period therefor, as applicable, and ending on the numerically corresponding day in the
calendar month that is one (1), two (2), three (3) or six (6) months thereafter, in either case as the Borrower may select in the relevant Borrowing Notice or Interest Period Notice; provided, however, that (i) if such Interest
Period would otherwise end on a day that is not a Business Day, such Interest Period shall end on the next following Business Day (unless such next following Business Day is in a different calendar month, in which case such Interest Period shall end
on the next preceding Business Day), (ii) any Interest Period that begins on the last Business Day of a month (or on a day for which there is no numerically corresponding day in the month at the end of such Interest Period) shall end on the
last Business Day of the month at the end of such Interest Period, and (iii) no Interest Period may end later than the Maturity Date, and (iv) any Interest Period for a Commercial Bank Loan which would otherwise end after the Maturity Date
shall end on the Maturity Date. 

  
 7 

 “Interest Period Notice” means a notice in substantially the form attached hereto as
Exhibit C, executed by an Authorized Officer of the Borrower. 
 “Joint Lead Arranger” means ABN Amro Capital USA LLC, Banco
Bilbao Vizcaya Argentaria, S.A. New York Branch, Banco Santander, S.A., Bank of America, N.A., The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ, LTD., Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (USA) LLC,
Goldman Sachs Bank USA, HSBC Bank USA, National Association, ING Capital LLC, Intesa Sanpaolo S.P.A., New York Branch, JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Royal Bank of Canada, Santander Bank, N.A.,
Société Générale, and Sumitomo Mitsui Banking Corporation, in each case, not in its individual capacity, but as joint lead arranger hereunder and any successors and permitted assigns. 

“Joint Lead Bookrunner” means ABN Amro Capital USA LLC, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Banco Santander, S.A., Bank of
America, N.A., The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ, LTD., Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, HSBC Bank USA, National Association, ING Capital LLC,
Intesa Sanpaolo S.P.A., New York Branch, JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Royal Bank of Canada, Santander Bank, N.A., Société Générale, and Sumitomo Mitsui Banking
Corporation, in each case, not in its individual capacity, but as joint lead bookrunner hereunder and any successors and permitted assigns. 

“Lender Assignment Agreement” means a Lender Assignment Agreement, substantially in the form of Exhibit D. 

“LIBO Loan” means any Commercial Bank Loan bearing interest at a rate determined by reference to LIBOR and the
provisions of ARTICLE II (Commitments and Borrowing) and ARTICLE III (Repayments, Prepayments, Interest and Fees). 

“LIBOR” means, for any Interest Period for any LIBO Loan the rate per annum equal to (a) the rate determined by the Commercial
Banks Facility Agent to be the offered rate that appears on the page of Reuters Screen LIBOR01 (or any successor thereto) that displays the London interbank offered rates as administered by ICE Benchmark Administration for deposits in Dollars (for
delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Interest Period, or (b) if the
rate referenced in the preceding clause (a) does not appear on such page or service or such page or service is not available, the rate determined by the Commercial Banks Facility Agent to be the offered rate on such other page or other service
that displays the London interbank offered rates as administered by ICE  

  
 8 

 
Benchmark Administration for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m.
(London time) two (2) Business Days prior to the first day of such Interest Period, or (c) if the rates referenced in the preceding clauses (a) and (b) are not available, the rate per annum determined by the Commercial Banks
Facility Agent as the average rate of interest at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the LIBO Loan being made, continued or converted and with a term
equivalent to such Interest Period would be offered by the Commercial Banks Facility Agent (or its Affiliates) to major banks in the London interbank LIBO market at its request at approximately 4:00 p.m. (London time) two (2) Business Days
prior to the first day of such Interest Period; provided, however, if LIBOR as determined pursuant to clauses (a), (b) or (c), as applicable, is less than zero percent (0%), LIBOR shall be deemed zero percent (0%). 

“Maturity Date” means the earlier of (i) the second anniversary of the Project Completion Date or (ii) December 31,
2020. 
 “Maximum Rate” has the meaning provided in Section 10.09 (Interest Rate Limitation).

 “Non-Consenting Lender” has the meaning provided in Section 4.04(d) (Obligation to Mitigate).

 “Non-Recourse Parties” has the meaning provided in Section 10.21(a) (No Recourse). 

“Non-U.S. Lender” has the meaning provided in Section 4.06(e) (Taxes- Status of Lenders). 

“Obligations” means, collectively, (a) all Indebtedness, Commercial Bank Loans, advances, debts, liabilities (including any
indemnification or other obligations that survive the termination of the Financing Documents (excluding any Secured Debt Instrument other than the Term Loan A Credit Agreement)), and all other obligations, howsoever arising (including Guarantee
obligations), in each case, owed by the Borrower to the Credit Agreement Secured Parties (or any of them) of every kind and description (whether or not evidenced by any note or instrument and whether or not for the payment of money), direct or
indirect, absolute or contingent, due or to become due, now existing or hereafter arising, pursuant to the terms of the Financing Documents (excluding any Secured Debt Instrument other than the Term Loan A Credit Agreement), (b) any and all
sums reasonably advanced by the Commercial Banks Facility Agent in order to preserve the Collateral or preserve the security interest of the Credit Agreement Secured Parties in the Collateral (including, but without duplication of the
Borrower’s Obligation to repay the same, amounts described in the last sentence of the definition of Operation and Maintenance Expenses) and (c) in the event of any proceeding for the 

  
 9 

 
collection or enforcement of the obligations described in clauses (a) and (b) above, after an Event of Default shall have occurred and be continuing and the Commercial Bank Loans have
been accelerated pursuant to Section 8.02 (Acceleration Upon Bankruptcy) or Section 8.03 (Acceleration Upon Other Event of Default), the expenses of retaking, holding, preparing for sale or lease, selling or otherwise
disposing of or realizing on the Collateral, or of any exercise by the Commercial Bank Lenders of their rights under the Security Documents, together with any necessary attorneys’ fees and court costs. 

“Other Connection Taxes” means, with respect to the Commercial Banks Facility Agent, any Commercial Bank Lender or any other recipient
of any payment to be made by or on account of any Obligation of the Borrower, Taxes imposed as a result of a former or present connection between such Person and the jurisdiction imposing such Tax (other than connections arising from such Person
having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Financing Document, or sold or
assigned an interest in any Commercial Bank Loan or Financing Document). 
 “Other Taxes” means any and all
present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made under any Financing Document or from the execution, delivery or enforcement of, or otherwise with respect to,
any Financing Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 4.04 (Obligation to Mitigate)). 

“Participant” has the meaning provided in Section 10.04(d) (Assignments). 

“Participant Register” has the meaning provided in Section 10.04(d) (Assignments). 

“Platform” has the meaning provided in Section 10.11(i) (Notices and Other Communications).  

“Register” has the meaning provided in Section 2.03(e) (Borrowing of Loans). 

“Required Banks” means, at any time, the Commercial Bank Lenders holding in excess of fifty percent (50.00%) of the sum of
(a) the aggregate undisbursed Commercial Banks Facility Commitments, plus (b) the then aggregate outstanding principal amount of the Commercial Bank Loans, in each case of all Tranches (excluding in each such case any Commercial Bank
Lender that is a Defaulting Lender, a Loan Party, the Sponsor, a Material Project Party or an Affiliate or Subsidiary thereof, and each Commercial Banks Facility Commitment and any outstanding principal amount of any Commercial Bank Loan of any such
Commercial Bank Lender). 

  
 10 

 “Required Tranche 4 Banks” means, at any time, the Commercial Bank Lenders holding in
excess of fifty percent (50.00%) of the sum of (a) the aggregate undisbursed Tranche 4 Commercial Bank Loan Commitments, plus (b) the then aggregate outstanding principal amount of the Commercial Bank Loans made under Tranche 4
(excluding in each such case any Commercial Bank Lender that is a Defaulting Lender, a Loan Party, the Sponsor, a Material Project Party or an Affiliate or Subsidiary thereof, and each Tranche 4 Commercial Bank Loan Commitment and any outstanding
principal amount of any Commercial Bank Loan made under Tranche 4 of any such Commercial Bank Lender). 
 “Supermajority
Banks” means, at any time, Commercial Bank Lenders holding in excess of sixty six and two-thirds percent (66.66%) of the sum of (a) the aggregate undisbursed Commercial Banks Facility Commitments, plus (b) the then
aggregate outstanding principal amount of the Commercial Bank Loans, in each case of all Tranches, (excluding in each such case any Commercial Bank Lender that is a Defaulting Lender, a Loan Party, the Sponsor, a Material Project Party or an
Affiliate or Subsidiary thereof, and each Commercial Banks Facility Commitment and any outstanding principal amount of any Commercial Bank Loan of any such Commercial Bank Lender); provided that prior to the Project Completion Date, for
purposes of (i) Section 6.04 (Conditions to Each Commercial Bank Loan Borrowing) and (ii) Section 10.01 (Amendments, Etc.) with respect to any amendment, waiver, termination or consent under Section 6.04
(Conditions to Each Commercial Bank Loan Borrowing), such excess of sixty six and two-thirds percent (66.66%) must include the Required Tranche 4 Banks.  

“Trade Date” has the meaning provided in Section 10.04(b) (Assignments). 

“Tranche” means Tranche 1, Tranche 2, Tranche 3, or Tranche 4. 

“Tranche 1” means the tranche of Commercial Bank Loans funded or to be funded with the Tranche 1 Commercial Bank Loan Commitments.

 “Tranche 1 Commercial Bank Loan Commitment” means, with respect to each Commercial Bank Lender, the commitment
of such Commercial Bank Lender to make Commercial Bank Loans, as set forth opposite the name of such Commercial Bank Lender in the column entitled “Tranche 1 Commercial Bank Commitment” in Schedule 2.01, or if such Commercial Bank
Lender has entered into one or more Lender Assignment Agreements, set forth opposite the name of such Commercial Bank Lender in the Register maintained by the Commercial Banks Facility Agent pursuant to Section 2.03(e) (Borrowing of
Loans) as such Commercial Bank Lender’s Tranche 1 Commercial Bank Loan Commitment, as the same may be reduced in accordance with Section 2.04 (Termination or Reduction of Commitments). 

  
 11 

 “Tranche 2” means the tranche of Commercial Bank Loans funded or to be funded with the
Tranche 2 Commercial Bank Loan Commitments. 
 “Tranche 2 Commercial Bank Loan Commitment” means, with respect
to each Commercial Bank Lender, the commitment of such Commercial Bank Lender to make Commercial Bank Loans, as set forth opposite the name of such Commercial Bank Lender in the column entitled “Tranche 2 Commercial Bank Loan Commitment”
in Schedule 2.01, or if such Commercial Bank Lender has entered into one or more Lender Assignment Agreements, set forth opposite the name of such Commercial Bank Lender in the Register maintained by the Commercial Banks Facility Agent
pursuant to Section 2.03(e) (Borrowing of Loans) as such Commercial Bank Lender’s Tranche 2 Commercial Bank Loan Commitment, as the same may be reduced in accordance with Section 2.04 (Termination or Reduction of
Commitments). 
 “Tranche 3” means the tranche of Commercial Bank Loans funded or to be funded with the Tranche 3
Commercial Bank Loan Commitments. 
 “Tranche 3 Commercial Bank Loan Commitment” means, with respect to each
Commercial Bank Lender, the commitment of such Commercial Bank Lender to make Commercial Bank Loans, as set forth opposite the name of such Commercial Bank Lender in the column entitled “Tranche 3 Commercial Bank Loan Commitment” in
Schedule 2.01, or if such Commercial Bank Lender has entered into one or more Lender Assignment Agreements, set forth opposite the name of such Commercial Bank Lender in the Register maintained by the Commercial Banks Facility Agent pursuant
to Section 2.03(e) (Borrowing of Loans) as such Commercial Bank Lender’s Tranche 3 Commercial Bank Loan Commitment, as the same may be reduced in accordance with Section 2.04 (Termination or Reduction of Commitments).

 “Tranche 4” means the tranche of Commercial Bank Loans funded or to be funded with the Tranche 4 Commercial Bank Loan
Commitments. 
 “Tranche 4 Commercial Bank Loan Commitment” means, with respect to each Commercial Bank Lender,
the commitment of such Commercial Bank Lender to make Commercial Bank Loans, as set forth opposite the name of such Commercial Bank Lender in the columns entitled “Tranche 4 Commercial Bank Loan Commitment” in Schedule 2.01, or if
such Commercial Bank Lender has entered into one or more Lender Assignment Agreements, set forth opposite the name of such Commercial Bank Lender in the Register maintained by the Commercial Banks Facility Agent pursuant to Section 2.03(e)
(Borrowing of Loans) as such Commercial Bank Lender’s Tranche 4 Commercial Bank Loan Commitment, as the same may be reduced in accordance with Section 2.04 (Termination or Reduction of Commitments). 

  
 12 

 “U.S. Tax Compliance Certificate” has the meaning provided in Section 4.06(e) (Taxes-
Status of Lenders). 
 “United States Person” means a “United States person” as defined in Section 7701(a)(30) of
the Code. 
 “Withholding Agent” means the Borrower and the Commercial Banks Facility Agent. 

  
 13EX-10.2

 Exhibit 10.2 

Execution Copy 
 SECOND
AMENDED AND RESTATED COMMON TERMS AGREEMENT 
 among 

SABINE PASS LIQUEFACTION, LLC, 

as the Borrower 
 THE SECURED
DEBT HOLDER GROUP REPRESENTATIVES, 
 SECURED HEDGE REPRESENTATIVES AND 

SECURED GAS HEDGE REPRESENTATIVES, 

that are parties to this Agreement from time to time 

SOCIÉTÉ GÉNÉRALE, 

as the Common Security Trustee 

and 
 SOCIÉTÉ
GÉNÉRALE, 
 as the Intercreditor Agent 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
	 1.
	  	DEFINITIONS AND INTERPRETATION	  	 	4	  
		  	1.1	  	Definitions	  	 	4	  
		  	1.2	  	Interpretation	  	 	4	  
		  	1.3	  	UCC Terms	  	 	6	  
		  	1.4	  	Accounting and Financial Determinations	  	 	6	  
	 2.
	  	SECURED DEBT	  	 	6	  
		  	2.1	  	Incurrence of Secured Debt	  	 	6	  
		  	2.2	  	Facility Commitments	  	 	6	  
		  	2.3	  	Borrowing Notice Requirements	  	 	7	  
		  	2.4	  	Working Capital Debt	  	 	8	  
		  	2.5	  	PDE Debt	  	 	9	  
		  	2.6	  	Replacement Debt	  	 	10	  
		  	2.7	  	Train 6 Debt	  	 	14	  
		  	2.8	  	Accession Agreements	  	 	19	  
		  	2.9	  	Transfers and Holding of Obligations	  	 	20	  
		  	2.10	  	Changes to Secured Debt Obligations	  	 	21	  
		  	2.11	  	Termination of Obligations	  	 	21	  
		  	2.12	  	Right to Share in Security	  	 	22	  
		  	2.13	  	Certain Rights and Obligations of Secured Parties	  	 	22	  
	 3.
	  	REPAYMENT AND PREPAYMENTS	  	 	23	  
		  	3.1	  	General Terms of Repayment	  	 	23	  
		  	3.2	  	Voluntary Prepayment of Secured Debt	  	 	23	  
		  	3.3	  	Voluntary Cancellation of Secured Debt	  	 	25	  
		  	3.4	  	Mandatory Prepayment of Secured Debt	  	 	25	  
		  	3.5	  	Termination of Interest Rate Protection Agreement in Connection with Any Prepayment	  	 	28	  
		  	3.6	  	Prepayment – Miscellaneous	  	 	28	  
	 4.
	  	REPRESENTATIONS AND WARRANTIES	  	 	29	  
		  	4.1	  	General	  	 	29	  

  
 i 

									
			4.2		Existence		 	30	  
			4.3		Financial Condition		 	30	  
			4.4		Action		 	30	  
			4.5		No Breach		 	31	  
			4.6		Government Approvals; Government Rules		 	31	  
			4.7		Proceedings		 	32	  
			4.8		Environmental Matters		 	33	  
			4.9		Taxes		 	33	  
			4.10		Tax Status		 	34	  
			4.11		ERISA; ERISA Event		 	34	  
			4.12		Nature of Business		 	34	  
			4.13		Security Documents		 	35	  
			4.14		Subsidiaries		 	35	  
			4.15		Investment Company Act of 1940		 	35	  
			4.16		Energy Regulatory Status		 	35	  
			4.17		Material Project Documents; Other Documents		 	36	  
			4.18		Margin Stock		 	37	  
			4.19		Regulations T, U and X		 	37	  
			4.20		Patents, Trademarks, Etc.		 	37	  
			4.21		Disclosure		 	38	  
			4.22		Insurance		 	38	  
			4.23		Indebtedness		 	38	  
			4.24		Material Adverse Effect		 	38	  
			4.25		Absence of Default		 	38	  
			4.26		Real Property		 	39	  
			4.27		Solvency		 	39	  
			4.28		Legal Name and Place of Business		 	39	  
			4.29		No Force Majeure		 	39	  
			4.30		Ranking		 	40	  
			4.31		Labor Matters		 	40	  
			4.32		OFAC		 	40	  

  
 ii 

									
			4.33		Accounts		 	41	  
			4.34		Operating Arrangements		 	41	  
			4.35		No Condemnation		 	41	  
	 5.
		CONDITIONS PRECEDENT TO CLOSING DATE, DRAWDOWNS OF SECURED DEBT AND PROJECT COMPLETION DATE		 	41	  
			5.1		Conditions to Closing Date		 	41	  
			5.2		Conditions to Initial Advance		 	42	  
			5.3		Conditions to Train 6 Initial Advance		 	42	  
			5.4		Conditions to Each Advance		 	42	  
			5.5		Conditions to Project Completion Date		 	43	  
	 6.
		AFFIRMATIVE COVENANTS		 	43	  
			6.1		Separateness		 	43	  
			6.2		Project Documents, Etc.		 	43	  
			6.3		Maintenance of Existence, Etc.		 	44	  
			6.4		Books and Records; Inspection Rights		 	44	  
			6.5		Compliance with Government Rules, Etc.		 	45	  
			6.6		Insurance; Events of Loss		 	46	  
			6.7		Project Construction; Maintenance of Properties		 	47	  
			6.8		Taxes		 	49	  
			6.9		Maintenance of Liens		 	49	  
			6.10		Use of Proceeds		 	49	  
			6.11		Interest Rate Protection Agreements		 	50	  
			6.12		Operating Budget		 	50	  
			6.13		Other Documents and Information		 	51	  
			6.14		Train 6 Debt; Independent Engineer		 	52	  
			6.15		Debt Service Coverage Ratio		 	52	  
			6.16		Further Assurances; Cooperation		 	52	  
			6.17		Auditors		 	53	  
			6.18		Surveys and Title Policies		 	53	  
			6.19		Working Capital Debt		 	53	  
			6.20		Debt Service Reserve Amount		 	54	  
			6.21		Certain Agreements		 	54	  

  
 iii 

									
	 7.
		NEGATIVE COVENANTS		 	54	  
			7.1		[Reserved]		 	54	  
			7.2		Prohibition of Fundamental Changes		 	54	  
			7.3		Nature of Business		 	55	  
			7.4		Performance Tests and Liquidated Damages		 	56	  
			7.5		Restrictions on Indebtedness		 	56	  
			7.6		Development Expenditures		 	56	  
			7.7		Restricted Payments		 	57	  
			7.8		Limitation on Liens		 	57	  
			7.9		Project Documents, Etc.		 	57	  
			7.10		Terminal Use Agreements		 	59	  
			7.11		Transactions with Affiliates		 	59	  
			7.12		Accounts		 	60	  
			7.13		EPC and Construction Contracts		 	60	  
			7.14		GAAP		 	64	  
			7.15		Use of Proceeds; Margin Regulations		 	64	  
			7.16		Permitted Investments		 	64	  
			7.17		Hedging Arrangements		 	64	  
			7.18		Environmental Matters		 	65	  
			7.19		Guarantees		 	65	  
			7.20		Gas Purchase Contracts and LNG Sales Contracts		 	65	  
			7.21		Sale of Natural Gas in Interstate Commerce		 	65	  
	 8.
		REPORTING REQUIREMENTS		 	66	  
			8.1		Financial Statements		 	66	  
			8.2		Notice of Default, Event of Default and Other Events		 	67	  
			8.3		Notices under Material Project Documents		 	68	  
			8.4		Operating Statements and Reports		 	69	  
			8.5		Construction Reports		 	70	  
			8.6		Commodity Positions		 	71	  
			8.7		Other Information		 	71	  
			8.8		Insurance Information		 	71	  

  
 iv 

									
	 9.
		EVENTS OF DEFAULT FOR SECURED DEBT		 	71	  
			9.1		Non-Payment of Scheduled Payments		 	72	  
			9.2		Non-Payment of Other Obligations		 	72	  
			9.3		Non-Performance of Covenants and Obligations		 	72	  
			9.4		Breach of Representation or Warranty		 	73	  
			9.5		Project Document Defaults		 	73	  
			9.6		Government Approvals		 	74	  
			9.7		Bankruptcy; Insolvency		 	74	  
			9.8		Judgments		 	75	  
			9.9		Unenforceability of Documentation		 	75	  
			9.10		Event of Loss		 	75	  
			9.11		Change of Control		 	75	  
			9.12		ERISA Events		 	75	  
			9.13		Insurance		 	76	  
			9.14		Liens		 	76	  
			9.15		Abandonment		 	76	  
			9.16		Certain Regulations		 	76	  
			9.17		Commercial Delivery		 	76	  
			9.18		Project Completion		 	77	  
			9.19		Certain Force Majeure Events		 	77	  
	 10.
		MISCELLANEOUS PROVISIONS		 	78	  
			10.1		Amendments		 	78	  
			10.2		Entire Agreement		 	78	  
			10.3		Applicable Law; Jurisdiction		 	78	  
			10.4		Assignments		 	80	  
			10.5		Successors and Assigns		 	80	  
			10.6		Consultants		 	80	  
			10.7		Costs and Expenses		 	80	  
			10.8		Counterparts; Effectiveness		 	82	  
			10.9		No Waiver; Cumulative Remedies		 	82	  
			10.10		Indemnification by Borrower		 	82	  

  
 v 

									
			10.11		Notices and Other Communication		 	84	  
			10.12		Severability		 	86	  
			10.13		Survival		 	86	  
			10.14		Waiver of Consequential Damages, Etc.		 	86	  
			10.15		Reinstatement		 	86	  
			10.16		Treatment of Certain Information; Confidentiality		 	87	  
			10.17		No Recourse		 	88	  
			10.18		Second Amendment and Restatement		 	90	  

 SCHEDULES 

	
	
	 Schedule 1 – Definitions

	 Schedule 2.4 – Form of Officer’s Certificate (Working Capital Debt)

	 Schedule 2.6 – Form of Officer’s Certificate (Replacement Debt)

	 Schedule 2.7(a)(ix) – Train 6 Deliverables

	 Schedule 2.8(a) – Form of Accession Agreements

	 Schedule 2.8(f) – Debt Commitments; Secured Hedge Obligations

	 Schedule 2.9(d) – Form of Transfer of Accession Agreement (Secured Debt Holder Group Representative)

	 Schedule 2.9(e) – Form of Transfer of Accession Agreement (Secured Hedge Representative)

	 Schedule 2.9(f) – Form of Transfer of Accession Agreement (Secured Gas Hedge Representative)

	 Schedule 4.6(a) – Government Approvals

	 Schedule 4.6(b) – Government Approvals - Post Closing

	 Schedule 4.7 – Environmental Claims

	 Schedule 4.8 – Environmental Matters

	 Schedule 4.17 – Project Documents

	 Schedule 4.20 – Patents, Trademarks, Etc.

	 Schedule 5.1 – Conditions to Closing Date

	 Schedule 5.2 – Conditions to Initial Advance

	 Schedule 5.3 – Conditions to Train 6 Initial Advance

	 Schedule 5.4 – Conditions to Each Advance

	 Schedule 5.5 – Conditions to Project Completion Date

	 Schedule 6.1 – Separateness

	 Schedule 6.6 – Insurance

	 Schedule 7.13 – Change Orders

	 Schedule 10.11 – Notice Information

  
 vi 

 EXHIBITS 
  

	
	 Exhibit A – Knowledge

	 Exhibit B-1 – Form of EPC Contract Consent and Agreement

	 Exhibit B-2 – Form of ConocoPhillips License Agreement Consent

	 Exhibit B-3 – Form of Material Project Document (Non-Affiliate) Consent

	 Exhibit B-4 – Form of Material Project Document (Affiliate) Consent

	 Exhibit B-5 – Form of Guarantee Consent

	 Exhibit C – Form of Interest Rate Protection Agreement

	 Exhibit D-1 – Construction Budget

	 Exhibit D-2 – Construction Schedule

	 Exhibit E – Base Case Forecast

	 Exhibit F – Hedging Program

	 Exhibit G – Gas Sourcing Plan

	 Exhibit H – Project Description

	 Exhibit I – Form of Notice of Project Completion

	 Exhibit J – Form of Borrowing Notice

	 Exhibit K – Qualified Gas Suppliers

ANNEXES 
  

	
	 Annex A – Closing Date Consents

	 Annex B – Lenders’ Reliability Test Criteria

  
 vii 

 THIS SECOND AMENDED AND RESTATED COMMON TERMS AGREEMENT (this “Agreement”), dated as of
June 30, 2015, is made among: 
  

	(1)	SABINE PASS LIQUEFACTION, LLC, a limited liability company organized and existing under the laws of the State of Delaware (the “Borrower”); 

 

	(2)	each SECURED DEBT HOLDER GROUP REPRESENTATIVE that is a party to this Agreement from time to time in accordance with the terms of this Agreement; 

 

	(4)	each SECURED HEDGE REPRESENTATIVE that is a party to this Agreement from time to time in accordance with the terms of this Agreement; 

 

	(5)	each SECURED GAS HEDGE REPRESENTATIVE that is a party to this Agreement from time to time in accordance with the terms of this Agreement; 

 

	(6)	SOCIÉTÉ GÉNÉRALE, as the Common Security Trustee; and 

  

	(7)	SOCIÉTÉ GÉNÉRALE, as the Intercreditor Agent, 

 each a
“Party” and together the “Parties”. 
 WHEREAS: 

 

	(A)	Sabine Pass LNG, L.P. (“SPLNG”), an indirect wholly owned subsidiary of Cheniere Energy Partners, L.P. (the “Sponsor”), owns and operates the Sabine Pass LNG Terminal (“Sabine
Pass Terminal”) located in Cameron Parish, Louisiana. The Sabine Pass Terminal has liquefied natural gas regasification and send-out capacity of approximately 4.3 Bcf/d, storage capacity of approximately 16.9 Bcfe and two marine berths;

  

	(B)	The Borrower intends to design, engineer, develop, procure, construct, install, complete, own, operate and maintain up to six liquefaction trains, each with a nominal production capacity of at least 182,500,000 MMBtu
per annum, that will add liquefaction services at the Sabine Pass Terminal and convert the Sabine Pass Terminal into a facility capable of liquefying and exporting domestic U.S. natural gas in addition to importing and regasifying foreign-sourced
LNG; 

  

	(C)	 The Borrower, the Secured Debt Holder Group Representatives party thereto, the Secured Hedge Representatives party thereto, the Secured Gas Hedge
Representatives party thereto, the Common Security Trustee and the Intercreditor Agent entered into that certain Common Terms Agreement, dated as of July 31, 2012, as amended by that certain First Amendment to Common Terms Agreement, dated as
of November 6, 2012, as further amended by that certain Omnibus Amendment, dated as of January 9, 2013, as amended by that certain Second Omnibus Amendment (the “Second Omnibus Amendment”), dated as of January 9, 2013
(as so amended, the “Original Common Terms Agreement”), and as amended and restated by the Amended and Restated Common Terms Agreement, dated as of May 28, 2013, as amended by that certain Amendment to the Common Terms
Agreement, dated as of November 20, 2013, as further amended by that certain Amendment to Common Terms Agreement, dated as of 

	 	
April 10, 2014, as further amended by that certain Amendment to Common Terms Agreement, dated as of June 10, 2014, as further amended by that certain Amendment to Common Terms
Agreement, dated as of May 12, 2015 (as so amended and restated, the “Amended and Restated Common Terms Agreement”), that sets out certain provisions regarding, among other things, common representations and warranties of the
Borrower, common covenants of the Borrower, and common Events of Default under certain of the Secured Debt Instruments (as defined in the Amended and Restated Common Terms Agreement); 

 

	(D)	The Borrower, the Commercial Banks Facility Agent, the Common Security Trustee, and the Commercial Bank Lenders party thereto (in their capacity as construction/term loan lenders thereunder) entered into that certain
Credit Agreement (Term Loan A), dated as of July 31, 2012, as amended by the Second Omnibus Amendment (as so amended, the “Original Credit Agreement”), and as amended and restated by the Amended and Restated Credit Agreement
(Term Loan A), dated as of May 28, 2013, as amended by that certain First Amendment to Amended and Restated Credit Agreement (Term Loan A), dated as of March 21, 2014 (as so amended and restated, the “Amended and Restated Credit
Agreement”), pursuant to which such Commercial Bank Lenders party thereto (in such capacity) agreed to provide, upon the terms and conditions set forth therein, the loans described therein and to finance the construction of the first four
trains of the Project; 

  

	(E)	The Borrower, the Secured Debt Holder Group Representatives party thereto, the Secured Hedge Representatives party thereto, the Secured Gas Hedge Representatives party thereto, the Common Security Trustee and the
Intercreditor Agent entered into that certain Intercreditor Agreement, dated as of July 31, 2012, as amended by the Second Omnibus Amendment, as amended and restated by the Amended and Restated Intercreditor Agreement, dated as of May 28,
2013 (as so amended and restated, the “Amended and Restated Intercreditor Agreement”), that, among other things, governs the relationship among the Secured Parties and regulates the claims of the Secured Parties under the Amended
and Restated Common Terms Agreement against the Borrower and the enforcement by the Secured Parties under the Amended and Restated Common Terms Agreement of the Security (as defined in the Amended and Restated Common Terms Agreement), including the
method of voting and decision making, and the appointment of the Intercreditor Agent for the purposes set forth therein; 

  

	(F)	 As of the date hereof, pursuant to that certain Indenture, dated as of February 1, 2013, as supplemented by a first supplemental indenture, dated
as of April 16, 2013, a second supplemental indenture, dated as of April 16, 2013, a third supplemental indenture, dated as of November 25, 2013, a fourth supplemental indenture, dated as of May 20, 2014, a fifth supplemental
indenture, dated as of May 20, 2014, and a sixth supplemental indenture, dated as of March 3, 2015 (collectively, the “Initial Senior Bond Indenture”), the Borrower has issued Senior Bonds in one or more series in the
aggregate principal amount of eight billion five hundred million Dollars ($8,500,000,000) (collectively, the “Initial Senior Bonds”) constituting Replacement Debt and resulting in cancellation of Facility Commitments such that, as
of the date hereof, the aggregate 

  
 2 

	 	
Facility Commitments remaining available amount to eight hundred ninety-nine million one hundred twenty-three thousand nine hundred ninety-four Dollars and seven cents ($899,123,994.07);

  

	(G)	The Borrower, the Commercial Bank Lenders and certain other parties thereto, as applicable, desire to amend and restate the Amended and Restated Credit Agreement and certain other Transaction Documents, as set forth
below ,the KSURE Covered Facility Lenders desire to amend and restate the KSURE Covered Facility Agreement, and KEXIM and the KEXIM Covered Facility Lenders and certain other Holders of Senior Debt, if applicable, desire to establish certain
additional credit facilities in order to provide funds which are to be used, along with the Funded Equity, to finance the design, engineering, development, procurement, construction, installation, completion, ownership, operation and maintenance of
the relevant trains of the Project, to pay certain fees and expenses associated with the Financing Documents and the Senior Debt, fund the Senior Debt Facilities Debt Service Reserve Account, fund operating and working capital expenses associated
with the relevant trains of the Project, issue letters of credit and as further described herein and in the other Financing Documents; 

  

	(H)	The Borrower, the Commercial Banks Facility Agent, the Common Security Trustee, and the Commercial Bank Lenders are entering into a Second Amended and Restated Credit Agreement (Term Loan A) pursuant to which the
Commercial Bank Lenders will provide upon the terms and conditions set forth therein, the loans described therein to finance the construction of the relevant trains of the Project; 

 

	(I)	The Borrower, the KSURE Covered Facility Agent, the Common Security Trustee and the KSURE Covered Facility Lenders are entering into that certain KSURE Covered Facility Agreement pursuant to which the KSURE Covered
Facility Lenders will provide, upon the terms and conditions set forth therein, the loans described therein to finance the construction of the relevant trains of the Project and, in connection therewith and as a condition thereto, KSURE will issue
the KSURE Insurance to provide, upon the terms and conditions set forth therein, credit support to the KSURE Covered Facility Lenders; 

  

	(J)	The Borrower, the KEXIM Facility Agent, the Common Security Trustee and KEXIM are entering into that certain KEXIM Direct Facility Agreement pursuant to which KEXIM will provide upon the terms and conditions set forth
therein, the loans described therein to finance the construction of the relevant trains of the Project; 

  

	(K)	The Borrower, the KEXIM Facility Agent, the Common Security Trustee. KEXIM and the KEXIM Covered Facility Lenders are entering into that certain KEXIM Covered Facility Agreement pursuant to which the KEXIM Covered
Facility Lenders will provide, upon the terms and conditions set forth therein, the loans described therein to finance the construction of the relevant trains of the Project and, in connection therewith and as a condition thereto, KEXIM will issue
the KEXIM Guarantee to provide, upon the terms and conditions set forth therein, credit support to the KEXIM Covered Facility Lenders; 

  

	(L)	 The Borrower, the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common
Security Trustee 

  
 3 

	 	
and the Intercreditor Agent are entering into a new Intercreditor Agreement in order to amend and restate the Amended and Restated Intercreditor Agreement and, among other things, regulate the
relationship among the Secured Parties and regulate the claims of the Secured Parties against the Borrower and the enforcement by the Secured Parties of the Security, including the method of voting and decision making, and the appointment of the
Intercreditor Agent for the purposes set forth therein; 

  

	(M)	The Borrower has granted certain Security in the Collateral for the benefit of the Secured Parties pursuant to the Security Documents; and 

 

	(N)	The Borrower, the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common Security Trustee, and the Intercreditor Agent are entering into this
Agreement in order to amend and restate the Amended and Restated Common Terms Agreement and set out certain provisions regarding, among other things: (a) common representations and warranties of the Borrower; (b) common covenants of the
Borrower; and (c) common Events of Default under the Secured Debt Instruments. 

 NOW, THEREFORE, in consideration of the
foregoing, and for other good and valuable consideration, the receipt and adequacy of which are acknowledged, the Parties agree as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 Except as otherwise expressly provided in this Agreement, capitalized terms
used in this Agreement shall have the meanings given to them in Schedule 1. To the extent such terms are defined by reference to other Financing Documents or Material Project Documents, for the purposes of this Agreement, such terms
shall continue to have the definitions given to them on the Closing Date (but will be subject to, and interpreted in accordance with, the governing law of this Agreement) notwithstanding any termination, expiration or amendment (unless such
amendment has been entered into with the written consent of the Required Secured Parties) of such agreements except to the extent the Parties agree to the contrary. 
  

	1.2	Interpretation 

  

	 	(a)	In this Agreement, except to the extent specified to the contrary or where the context otherwise requires: 

  

	 	(i)	the table of contents and headings are for convenience only and shall not affect the interpretation of this Agreement; 

  

	 	(ii)	references to “Sections”, “Schedules”, “Exhibits” and “Appendices” are references to sections of, and schedules, exhibits and appendices to, this
Agreement; 

  
 4 

	 	(iii)	references to “assets” includes property, revenues and rights of every description (whether real, personal or mixed and whether tangible or intangible); 

 

	 	(iv)	references to an “amendment” includes a supplement, replacement, novation, restatement or re-enactment and “amended” is to be construed accordingly; 

 

	 	(v)	except where a document or agreement is expressly stated to be in the form “in effect” on a particular date in Section 1.1 (Definitions), references to any document or agreement, including this
Agreement, shall be deemed to include references to such document or agreement as amended, amended and restated, supplemented, or otherwise modified from time to time in accordance with its terms and (where applicable) subject to compliance with the
requirements set forth in the Financing Documents; 

  

	 	(vi)	references to any Party or party to any other document or agreement shall include its successors and permitted assigns; 

  

	 	(vii)	words importing the singular include the plural and vice versa; 

  

	 	(viii)	words importing the masculine include the feminine and vice versa; 

  

	 	(ix)	the words “include”, “includes” and “including” are not limiting; 

  

	 	(x)	references to “days” shall mean calendar days, unless the term “Business Days” shall be used; 

  

	 	(xi)	references to “months” shall mean calendar months and references to “years” shall mean calendar years; and 

 

	 	(xii)	unless the contrary indication appears, a reference to a time of day is a reference to the time of day in New York, New York. 

  

	 	(b)	This Agreement and the other Financing Documents are the result of negotiations among, and have been reviewed by all parties thereto and their respective counsel. Accordingly, this Agreement and the other Financing
Documents shall be deemed to be the product of all parties thereto, and no ambiguity shall be construed in favor of or against any party thereto. 

  

	 	(c)	For the purposes of any Financing Document, “payment in full” or “paid in full” or “satisfied”, in each case, as used with respect to any Obligation means the receipt of cash equal to the
full amount of such Obligation. 

  

	 	(d)	Unless a contrary intention appears, a term used in any Financing Document or in any notice given under or in connection with any Financing Document has the same meaning in that Financing Document or notice as in this
Agreement. 

  
 5 

	1.3	UCC Terms 

 Unless otherwise defined herein, terms used herein that are defined in the
UCC shall have the respective meanings given to those terms in the UCC. 
  

	1.4	Accounting and Financial Determinations 

 Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided, that, if the Borrower notifies the Common Security Trustee and each Secured Debt Holder Group Representative
that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of, or calculation of compliance with, such provision (or
if the Common Security Trustee and each Secured Debt Holder Group Representative, as the case may be, notifies the Borrower that the Required Secured Parties request an amendment to any provision hereof for such purpose), regardless of whether any
such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such
provision has been amended in accordance herewith. 
  

	2.	SECURED DEBT 

  

	2.1	Incurrence of Secured Debt 

 The incurrence of, and Advances under, the Secured Debt
shall be made in accordance with, and pursuant to, the terms of this Agreement and the relevant Secured Debt Instruments. 
  

	2.2	Facility Commitments 

 On the Closing Date, subject to the terms and conditions of this
Agreement and the other Financing Documents: 
  

	 	(a)	the Borrower, the Commercial Banks Facility Agent, the Common Security Trustee and the Commercial Bank Lenders are entering into the Term Loan A Credit Agreement pursuant to which the Commercial Bank Lenders will make
available to the Borrower a term loan facility in an aggregate amount not exceeding the total Commercial Banks Facility Commitment; 

  

	 	(b)	the Borrower, the KSURE Covered Facility Agent, the Common Security Trustee and the KSURE Covered Facility Lenders are entering into the KSURE Covered Facility Agreement pursuant to which the KSURE Covered Facility
Lenders will make available to the Borrower a term loan facility in an aggregate amount not exceeding the total KSURE Covered Facility Commitment; 

  
 6 

	 	(c)	the Borrower, the KEXIM Facility Agent, the Common Security Trustee and KEXIM are entering into the KEXIM Direct Facility Agreement pursuant to which KEXIM will make available to the Borrower a term loan facility in an
aggregate amount not exceeding the total KEXIM Direct Facility Commitment; and 

  

	 	(d)	the Borrower, the KEXIM Facility Agent, the Common Security Trustee, KEXIM and the KEXIM Covered Facility Lenders are entering into the KEXIM Covered Facility Agreement pursuant to which the KEXIM Covered Facility
Lenders will make available to the Borrower a term loan facility in an aggregate amount not exceeding the total KEXIM Covered Facility Commitment. 

Each Facility Agent, the Initial Senior Bonds Trustee and each Secured Hedge Representative shall have delivered an Accession Agreement in
respect of each applicable Secured Debt Instrument or Secured Hedge Instrument. 
  

	2.3	Borrowing Notice Requirements 

  

	 	(a)	Subject to the terms of this Agreement and each relevant Facility Agreement, the Borrower may request an Advance under any Facility by delivering a Borrowing Notice (substantially in the form attached as Exhibit
J to this Agreement) appropriately completed to the Common Security Trustee and each of the relevant Facility Agents, no later than 12:00 p.m., New York City time, on or before the fourth Business Day prior to the proposed Borrowing Date.

  

	 	(b)	Each Borrowing Notice delivered pursuant to this Section 2.3 shall be irrevocable and shall refer to this Agreement and the relevant Facility Agreement and specify: 

 

	 	(i)	the requested Borrowing Date; 

  

	 	(ii)	the amount of such requested Advance; 

  

	 	(iii)	with respect to the Commercial Bank Loans, 

  

	 	(A)	whether the requested Advance is of LIBO Loans or Base Rate Loans (each as defined in the Term Loan A Credit Agreement); and 

  

	 	(B)	in the case of a proposed Advance of LIBO Loans, the Borrower’s election with respect to the duration of the initial Interest Period applicable to such LIBO Loans, which Interest Periods (as defined in the Term
Loan A Credit Agreement) shall be one (1), two (2), three (3), or six (6) months in length; and 

  

	 	(iv)	that each of the conditions precedent to such Advance has been satisfied or waived. 

  
 7 

	 	(c)	The Borrower shall ensure that following each Advance, the ratio of Facility Loans under each Facility Agreement to Facility Loans under all Facility Agreements is equal to the ratio of the total Facility Commitments
under the relevant Facility Agreement to the aggregate Facility Commitments under all Facility Agreements; provided that solely for the purposes of calculating such ratio for purposes of this Section 2.3(c), any Facility Loans prepaid
pursuant to Section 3.4(a)(iv) (Mandatory Prepayment of Secured Debt) (with respect to the prepayments required under Section 2.6(j)(ii) (Replacement Debt)) or Section 3.4(a)(viii) (Mandatory Prepayment of Secured
Debt) shall be considered outstanding. 

  

	 	(d)	The Borrower may only request that two Advances under each of the Facility Agreements be made during each calendar month. The Borrower may only request Advances during the Availability Period, except that the Initial
Advance may be requested prior to (but shall only be made on or after) the commencement of the Availability Period. 

  

	 	(e)	The currency specified in a Borrowing Notice must be Dollars. 

  

	 	(f)	The aggregate amount of the proposed Advances under the Facilities must be an amount that is no more than the available Facility Commitments and (A) not less than five million Dollars ($5,000,000) and an integral
multiple of one million Dollars ($1,000,000) and (B) if the available Facility Commitments are less than five million Dollars ($5,000,000), equal to the available Facility Commitments. The portion of any Advance comprising funds under any
Facility Agreement shall not exceed the available Facility Commitment under such Facility Agreement. Such Advances shall be made pro rata in accordance with the committed principal amounts under each Facility Commitment calculated in
accordance with clause (c) of this Section 2.3. 

  

	 	(g)	If the Initial Advance or the incurrence of Replacement Debt does not occur on or prior to the first anniversary of the Closing Date (or such later date as may be agreed in writing by all of the Facility Lenders), all
Facility Commitments shall automatically terminate and shall no longer be effective. 

  

	2.4	Working Capital Debt 

 The Borrower may incur senior secured or unsecured Indebtedness in
addition to other Senior Debt not exceeding the sum of (x) one billion five hundred million Dollars ($1,500,000,000) and, if Train 6 Debt has been incurred, one billion eight hundred million Dollars ($1,800,000,000) in the aggregate, the
proceeds of which shall be used solely for working capital purposes (including the issuance of letters of credit) related to the Project of which not more than two hundred million Dollars ($200,000,000) may be used for working capital purposes other
than the cost of purchasing or transporting (including storing) natural gas and (y) four hundred sixty million Dollars ($460,000,000) and, if Train 6 Debt has been incurred, five hundred fifty million Dollars ($550,000,000) in the aggregate,
the proceeds of which shall be used for purposes of issuing Acceptable 

  
 8 

 
Debt Service Reserve LCs in lieu of cash deposits into the Senior Debt Facilities Debt Service Reserve Account (the “Working Capital Debt”), only if, prior to or on the date of
incurrence thereof, the following conditions have been satisfied or waived by the Required Secured Parties: 
  

	 	(a)	no Default or Event of Default: 

  

	 	(i)	shall have occurred and be continuing; or 

  

	 	(ii)	results from the incurrence of such Working Capital Debt; 

  

	 	(b)	the Senior Debt Instrument governing such Working Capital Debt shall include a provision requiring the Borrower to reduce the principal amount relating to any revolving loans to zero Dollars ($0) for a period of not
less than five (5) consecutive Business Days at least once per calendar year; provided, however that such provision may except any such loans incurred to repay reimbursement amounts due under drawn letters of credit so long as the tenor
of such loans is not greater than twelve (12) months; 

  

	 	(c)	the Secured Debt Holder Group Representative for any Secured Working Capital Debt shall have entered into an Accession Agreement in accordance with Section 2.8 (Accession Agreements); and 

 

	 	(d)	the Intercreditor Agent shall have received a certificate from an Authorized Officer of the Borrower at least five (5) days prior to the incurrence of such Working Capital Debt, in the form set out in Schedule
2.4, which certificate shall: 

  

	 	(i)	identify each Secured Debt Holder Group Representative and each Holder for any Secured Working Capital Debt; and 

  

	 	(ii)	attach a copy of each proposed Senior Debt Instrument relating to the Working Capital Debt (that may be an amendment to an existing Senior Debt Instrument), which copy shall disclose the material terms, permitted uses,
and the tenor and, if applicable, amortization schedule of such Working Capital Debt and the rate, or the rate basis and margin in the case of a floating rate, at which such Working Capital Debt shall bear interest, and (if applicable) commitment
fees or other premiums relating thereto. 

 Any Secured Working Capital Debt shall be treated in all respects as Secured Debt,
sharing pari passu in the Collateral and in right of payment. 
  

	2.5	PDE Debt 

 The Borrower may incur senior secured or unsecured Indebtedness in addition to
other Senior Debt not exceeding the sum of three hundred million Dollars ($300,000,000) in the aggregate, the proceeds of which shall be used solely to finance Permitted 

  
 9 

 
Development Expenditures (the “PDE Debt”), only if, prior to or on the date of incurrence thereof, the following conditions have been satisfied or waived by the Required Secured
Parties: 
  

	 	(a)	no Default or Event of Default: 

  

	 	(i)	shall have occurred and be continuing; or 

  

	 	(ii)	results from the incurrence of such PDE Debt; 

  

	 	(b)	the Secured Debt Holder Group Representative for any Secured PDE Debt shall have entered into an Accession Agreement in accordance with Section 2.8 (Accession Agreements); and 

 

	 	(c)	the Borrower shall have demonstrated by delivery of an updated Base Case Forecast that after the incurrence of such PDE Debt, the Projected Debt Service Coverage Ratio commencing on the Initial Quarterly Payment Date
and for each calendar year through the terms of the FOB Sale and Purchase Agreements in effect as of such date shall not be less than 1.50x, calculated solely with respect to (A) Monthly Sales Charges, (B) the Fixed Price Component under
each of the KoGas FOB Sale and Purchase Agreement, the Centrica FOB Sale and Purchase Agreement, and the Total FOB Sale and Purchase Agreement, (C) all Cash Flows (other than Cash Flows comprising the pass-through component of the cost of
purchase and transportation of natural gas consumed for LNG production to the extent not already deducted as an operating expense (as contemplated by the definition of Cash Flow Available for Debt Service)) under the GAIL FOB Sale and Purchase
Agreement, and (D) if Train 6 Debt has been incurred, any Fixed Price Component under the Train 6 FOB Sale and Purchase Agreement(s). In calculating the Projected Debt Service Coverage Ratio only projected Cash Flows, Monthly Sales Charges and
the Fixed Price Component, as applicable, from FOB Sale and Purchase Agreements shall be taken into account. 

 Any Secured PDE
Debt shall be treated in all respects as Secured Debt, sharing pari passu in the Collateral and in right of payment. 
  

	2.6	Replacement Debt 

 Subject to the provisions of this Section 2.6, the Borrower may
incur Replacement Debt, the proceeds of which shall be used to refinance the Advances or replace commitments to provide the Advances subject to the prepayment terms thereof. The Borrower may incur Replacement Debt at its sole discretion, only if,
prior to or on the date of incurrence thereof, the following conditions are satisfied or waived by the Required Secured Parties: 
  

	 	(a)	no Default or Event of Default: 

  

	 	(i)	shall have occurred and be continuing; or 

  
 10 

	 	(ii)	results from the incurrence of such Replacement Debt; 

  

	 	(b)	the maximum principal amount of the proposed Replacement Debt does not exceed the sum of: 

  

	 	(i)	the Senior Debt Commitments being cancelled concurrently with the incurrence of such Replacement Debt; plus 

  

	 	(ii)	the outstanding principal amount of the Secured Debt being prepaid or redeemed concurrently with the incurrence of such Replacement Debt; plus 

 

	 	(iii)	all accrued interest on the Secured Debt being repaid or redeemed, all premiums, discounts, fees, costs and expenses (including, without duplication, (A) Hedge Termination Values with respect to any Interest Rate
Protection Agreements subject to the refinancing with the proposed Replacement Debt, (B) any amounts deposited in a debt service reserve or similar reserve (or any interest during construction) account in connection with the issuance of such
Replacement Debt and (C) any incremental carrying costs of such Replacement Debt (including any increased interest during construction)) associated with any such cancellation, prepayment or redemption, or incurred in connection with the
proposed Replacement Debt; 

  

	 	(c)	the weighted average life to maturity of the Replacement Debt shall not be less than the weighted average life to maturity of the Secured Debt prior to the incurrence of such Replacement Debt; 

 

	 	(d)	the maturity date of the Replacement Debt shall not occur prior to the Final Maturity Date; 

  

	 	(e)	the material terms of the Replacement Debt shall not be materially more restrictive on the Borrower than the terms of the Secured Debt being replaced; 

 

	 	(f)	 the Borrower shall have demonstrated by delivery of an updated Base Case Forecast that after the incurrence of such Replacement Debt, the Projected
Debt Service Coverage Ratio commencing on the Initial Quarterly Payment Date and for each calendar year through the terms of the FOB Sale and Purchase Agreements in effect as of such date shall not be less than (i) 2.00x, calculated with
respect to all Cash Flows other than Cash Flows comprising the pass-through component of the cost of purchase and transportation of natural gas consumed for LNG production to the extent not already deducted as an operating expense (as contemplated
by the definition of Cash Flow Available for Debt Service), and (ii) 1.75x, calculated solely with respect to (A) Monthly Sales Charges, (B) the Fixed Price Component under each of the KoGas FOB Sale and Purchase Agreement, the
Centrica FOB Sale and Purchase Agreement, and the Total FOB Sale and Purchase Agreement, (C) all Cash Flows (other than Cash Flows comprising the 

  
 11 

	 	
pass-through component of the cost of purchase and transportation of natural gas consumed for LNG production to the extent not already deducted as an operating expense (as contemplated by the
definition of Cash Flow Available for Debt Service)) under the GAIL FOB Sale and Purchase Agreement, and (D) if Train 6 Debt has been incurred, any Fixed Price Component under the Train 6 FOB Sale and Purchase Agreement(s). In calculating the
Projected Debt Service Coverage Ratio only projected Cash Flows, Monthly Sales Charges and the Fixed Price Component, as applicable, from FOB Sale and Purchase Agreements shall be taken into account; 

 

	 	(g)	the Borrower’s Debt to Equity Ratio shall not exceed the ratio of 75:25 taking into account the incurrence of such Replacement Debt (other than Replacement Debt Incremental Amounts) but without regard to any
outstanding Indebtedness comprising Working Capital Debt; 

  

	 	(h)	the Secured Debt Holder Group Representative for the Secured Replacement Debt shall have entered into an Accession Agreement in accordance with Section 2.8 (Accession Agreements); 

 

	 	(i)	the Intercreditor Agent shall have received a certificate from an Authorized Officer of the Borrower at least three (3) Business Days prior to the incurrence of such Replacement Debt, and on the date of incurrence
of such Replacement Debt, in the form set out in Schedule 2.6, which certificate shall: 

  

	 	(i)	identify the Senior Debt being replaced, the Senior Debt Commitments being cancelled, each Secured Debt Holder Group Representative and each Secured Debt Holder for any Secured Replacement Debt; and 

 

	 	(ii)	(A) in the case of the certificate delivered at least three (3) Business Days prior to the incurrence of such Replacement Debt attach a copy of each proposed Senior Debt Instrument relating to the Replacement Debt
(that may be an amendment to an existing Senior Debt Instrument), which copy shall disclose the material terms, permitted uses, and the tenor and, if applicable, amortization schedule of such Replacement Debt and the rate, or the rate basis and
margin in the case of a floating rate, at which such Replacement Debt shall bear interest, and, if applicable, commitment fees or other premiums relating thereto and (B) in the case of the certificate delivered on the date of incurrence of such
Replacement Debt attach a copy of each final form of Senior Debt Instrument relating to the Replacement Debt (that may be an amendment to an existing Senior Debt Instrument); 

 

	 	(j)	 the Borrower (A) within thirty (30) days of the incurrence of any Replacement Debt, shall pay any costs, fees, expenses or other amounts
related thereto from the proceeds of such Replacement Debt for such purposes, and (B) simultaneously with the incurrence of any Replacement Debt (it being understood that any payment pursuant to clause (i) or (ii) below with respect
to Facility Debt under the 

  
 12 

	 	
KSURE Covered Facility, KEXIM Covered Facility or KEXIM Direct Facility, shall be made no earlier than the third Business Day (as defined in clause (iii) of the definition thereof) following
the delivery of the certificate pursuant to Section 2.6(i) above): 

  

	 	(i)	if required by the Senior Debt Instrument governing such Senior Debt, shall, subject to clause (ii) below and the requirements of Section 2.6(k), use all or a portion of the proceeds of such Replacement Debt
on a pro rata basis with respect to any such Senior Debt Instruments that require such prepayment to prepay the scheduled principal amounts of the Senior Debt in the inverse order of maturity and to pay any Hedge Termination Value that is due
as a result of the termination of any Interest Rate Protection Agreement in connection with any such prepayment; provided, that any Hedge Termination Value that is not due at such time in accordance with Section 3.5 (Termination of
Interest Rate Protection Agreement in Connection with Any Prepayment) shall be retained in the Construction Account or the Revenue Account, as applicable, and applied at the time required as set forth in such Section; provided further
that notwithstanding anything to the contrary in this clause (j)(i) (but taking into account the requirements of Section 2.6(k)), the Borrower may, at its option, apply all or a portion of the proceeds of any such prepayment to (A) the
pro rata prepayment of the Facility Debt and any other Secured Debt without applying such proceeds to the prepayment of any Senior Bonds, or (B) the pro rata prepayment of the Facility Debt without applying such proceeds to the
prepayment of any Senior Bonds or any other Secured Debt; provided further that payments of principal of the Facility Debt shall be applied in the same order of maturity across all Facilities; or 

 

	 	(ii)	if a KoGas Termination Trigger Event has occurred and the Borrower has not entered into a replacement FOB Sale and Purchase Agreement with a Korean Entity to replace the KoGas FOB Sale and Purchase Agreement, may use
all or a portion of the proceeds of such Replacement Debt on a pro rata basis with respect to Facility Debt under the KSURE Covered Facility, KEXIM Covered Facility and KEXIM Direct Facility, and to pay any Hedge Termination Value that is due
as a result of the termination of any Interest Rate Protection Agreement in connection with any such prepayment; and 

  

	 	(k)	 simultaneously with the incurrence of any Replacement Debt (i) that occurs on or after the date by which the Borrower is required to fund the
Senior Debt Facilities Debt Service Reserve Account in accordance with Section 6.20 (Debt Service Reserve Amount), the Borrower shall use a portion of the proceeds of such Replacement Debt to fund the incremental increase in (A) the
Required Debt Service Reserve Amount, if such Replacement Debt is incurred on or after the Project Completion Date or (B) the Sponsor Case Required Debt Service Amount, 

  
 13 

	 	
if such Replacement Debt is incurred prior to the Project Completion Date, in each case, as a result of the incurrence of such Replacement Debt and (ii) that is incurred at any time, the
Borrower may use a portion of the proceeds of such Replacement Debt to fund the applicable Additional Debt Service Reserve Account (as defined in the Accounts Agreement). 

Any Secured Replacement Debt shall be treated in all respects as Secured Debt, sharing pari passu in the Collateral and in right of
payment. The conditions for incurrence of Replacement Debt shall not apply to the incurrence of facilities to replace Working Capital Debt, which shall be governed by the provisions of Section 2.4 (Working Capital Debt). 

 

	2.7	Train 6 Debt 

 Without limiting the provisions of Sections 2.4 (Working Capital
Debt), 2.5 (PDE Debt), and 2.6 (Replacement Debt) and subject to the provisions of this Section 2.7, the Borrower shall have the right to incur or issue additional senior secured or unsecured Indebtedness that is recourse
solely to the Borrower (“Train 6 Debt”) to finance the Train 6 Development and to provide Working Capital Debt for the purchase, transportation (including storage) of natural gas and Acceptable Debt Service Reserve LCs associated
with Train 6 and to fund the incremental increase in the Required Debt Service Reserve Amount to the extent required by the Train 6 Debt. The Borrower may incur or issue Train 6 Debt at its sole discretion, only if, prior to or on the date of
incurrence or issuance thereof, the following conditions are satisfied or waived by each of the Facility Lenders, KEXIM and KSURE: 
  

	 	(a)	each of the Facility Agents shall have received: 

  

	 	(i)	certified true, correct and complete copies of (A) the Train 6 FOB Sale and Purchase Agreements, which shall be Qualified FOB Sale and Purchase Agreements with revenues sufficient to satisfy clause (g) below,
(B) the Stage 4 EPC Contract and (C) the Stage 4 ConocoPhillips License Agreement; 

  

	 	(ii)	a written description of the Train 6 Development and the funding plan thereof, which shall include (A) the Cash Flows, other than Cash Flows comprising the pass-through component of the cost of purchase and
transportation of natural gas consumed for LNG production to the extent not already deducted as an operating expense (as contemplated by the definition of Cash Flow Available for Debt Service), during the period of construction of Train 6 to be
reserved by the Borrower for payment of Project Costs, (B) the amount of cash capital contributions or cash subordinated shareholder loans irrevocably and unconditionally committed to be made to the Borrower and (C) additional Senior Debt
(collectively, the “Train 6 Funding Plan”); 

  
 14 

	 	(iii)	a duly executed certificate by an Authorized Officer of the Borrower certifying that: (A) no Material Adverse Effect would occur as a result of the Train 6 Development and (B) no Default or Event of Default
would occur as a result of the Train 6 Development; 

  

	 	(iv)	satisfactory evidence that all material Government Approvals that are necessary for the Train 6 Development and the provision of the services contemplated by Train 6 other than those normally delivered by the issuing
authorities at a later date, (x) have been duly obtained, were validly issued and are in full force and effect, (y) other than the Trains 5 & 6 Export Authorizations, are not subject to rehearing before the issuing agency (except for
Government Approvals that do not have limits on appeal period under Government Rule) because either the time period for seeking rehearing of such Government Approval has elapsed without any request for rehearing being filed, or any request for
rehearing has been denied and (z) are free from conditions or requirements the compliance with which could reasonably be expected to have a Material Adverse Effect or which the Borrower does not expect to be able to satisfy on or prior to the
commencement of the relevant stage of Train 6 Development unless such failure to so satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect; 

 

	 	(v)	a final due diligence report of the Independent Engineer favorably reviewing (A) the technical and economic feasibility of the Train 6 Development and the environmental compliance and environmental risks relating
to the Train 6 Development, (B) the reasonableness of the costs of the Train 6 Development, the revised Construction Schedule delivered pursuant to clause ((xi)(D)) below and the revised Construction Budget delivered pursuant to clause
((xi)(C)) below, including the sufficiency of any increase in the Contingency, (C) the reasonableness of the Train 6 Funding Plan, (D) the expected impact of the Train 6 Development on the production capacity of the Project, including the
Independent Engineer’s affirmative determination that no reduction to the annualized production capacity of the first five trains of the Project is expected and (E) the reasonableness of the terms and conditions of the Stage 4 EPC Contract
and other Additional Material Project Documents to be entered into with respect to the Train 6 Development or determining that such Additional Material Project Documents are on terms (other than pricing) substantially similar or not materially less
favorable to the Borrower than the equivalent Material Project Documents; 

  

	 	(vi)	 a final due diligence report of the Market Consultant that includes an analysis of each Train 6 FOB Sale and Purchase Agreement similar in scope to
that completed for the FOB Sale and Purchase Agreements associated with the first five trains of the Project and favorably determining that the Gas Sourcing Plan shall be sufficient to supply and

  
 15 

	 	
transport the additional quantities of natural gas necessary for the Borrower to perform its obligations under any Train 6 FOB Sale and Purchase Agreement (or delivery of a satisfactory amendment
to the Gas Sourcing Plan); 

  

	 	(vii)	a final due diligence report of the Insurance Advisor confirming that insurance policies are or will be in place during the construction of Train 6 covering insurable risks associated with the Project (including Train 6
and the activities associated with construction thereof) that meet the requirements of the Financing Documents and otherwise in accordance with good industry practice; 

 

	 	(viii)	Consents with each counterparty to an Additional Material Project Document executed in connection with the Train 6 Development; provided that, without limiting the Borrower’s obligation to procure
such Consents, the Borrower shall send a letter (on the Borrower’s letterhead and signed by an Authorized Officer of the Borrower) notifying each Material Project Party not party to a Consent (if applicable) (A) that its Material Project
Document and all associated documents and obligations have been pledged as collateral security to the Secured Parties and are subject to the Secured Parties’ Lien on such Property and (B) if such Material Project Party’s Material
Project Document requires any payment of Cash Flows that, in addition to the assignment specified in clause (A) above, it shall pay all such Cash Flows directly into the Equity Proceeds Account prior to the Project Completion Account and the
Revenue Account thereafter; 

  

	 	(ix)	all agreements, legal opinions, evidence of insurance and other documents related to the Train 6 Debt listed on Schedule 2.7(a)(ix) (Train 6 Deliverables) in form and substance reasonably satisfactory to
the Common Security Trustee (in consultation with the Independent Engineer); 

  

	 	(x)	satisfactory copies or evidence, as the case may be, of the following actions in connection with the perfection of security interests and liens on substantially all assets related to the Train 6 Development:

  

	 	(A)	completed requests for information or copies of the Uniform Commercial Code search reports and tax lien, judgment and litigation search reports, dated no more than fifteen (15) Business Days prior to the incurrence
of any Train 6 Debt, for the States of Delaware, Louisiana, Texas and any other jurisdiction reasonably requested by any of the Facility Agents that name the Loan Parties as debtors, together with copies of each UCC financing statement, fixture
filing or other filings listed therein, which shall evidence no Liens on the assets related to the Train 6 Development, other than Permitted Liens; and 

  
 16 

	 	(B)	evidence of the completion of all other actions, recordings and filings of or with respect to the Security Documents that any of the Facility Agents may deem necessary or reasonably desirable in order to perfect the
first-priority (subject to Permitted Liens) Liens created thereunder, including the filing of UCC-l financing statements; 

  

	 	(xi)	at least five (5) Business Days prior to the incurrence of any Train 6 Debt, (A) written notice thereof, which notice shall include the principal terms and conditions of such Train 6 Debt, (B) an updated
Base Case Forecast with such adjustments as necessary to reflect the Train 6 Funding Plan and the costs of the Train 6 Development, (C) an updated Construction Budget, with such adjustments as necessary to reflect the Train 6 Funding Plan and
the costs of the Train 6 Development, including any required increase in the Contingency, (D) an updated Construction Schedule, and (E) certification from an Authorized Officer of the Borrower that each of the conditions set forth in
clauses (a) – (g) and (i) – (k) of this Section 2.7 have been satisfied; provided that, the Borrower shall provide drafts of each of the items in clauses (A) – (D) to each of the Facility
Agents at least fifteen (15) Business Days prior to the incurrence of any Train 6 Debt; 

  

	 	(xii)	evidence that the support provided in respect of the Train 6 Debt by each of the Sponsor, the Pledgor and any of their Affiliates is not more favorable than the support provided in respect of the Facility Debt; and

  

	 	(xiii)	(A) if any Senior Secured Debt carries a credit rating lower than Investment Grade, a reaffirmation of the current rating of such Senior Secured Debt from each rating agency that is then rating such Senior Secured Debt
or (B) if the Borrower shall have a long-term unsecured credit rating of (x) Baa3 by Moody’s, (y) BBB- by S&P or (z) BBB- by Fitch, a letter from each rating agency that is issuing a rating described in clause
(B)(x)-(z) to the effect that such rating agency has considered the contemplated incurrence of the Train 6 Debt and confirmed that if incurred, it would not downgrade the Borrower’s credit rating to below Baa3 or BBB-, as applicable.

  

	 	(b)	the Borrower has agreed to use a portion of the proceeds of any Train 6 Debt incurred to fund the incremental increase in the Required Debt Service Reserve Amount and an amount equal to the “debt service reserve
requirements” if and to the extent required under any Senior Debt Instrument governing Train 6 Debt; 

  

	 	(c)	the Borrower has agreed, pursuant to any Senior Debt Instrument governing Train 6 Debt, to provide to each of the Facility Agents copies of all Lien Waivers required to be delivered under the EPC Contracts.

  

	 	(d)	no Default or Event of Default: 

  
 17 

	 	(i)	shall have occurred and be continuing; or 

  

	 	(ii)	results from the incurrence of such Train 6 Debt; 

  

	 	(e)	the weighted average life to maturity of the Secured Debt after and taking into account the incurrence of the Train 6 Debt shall not be less than the weighted average life to maturity of the Secured Debt prior to the
incurrence of such Train 6 Debt; 

  

	 	(f)	the material terms of the Train 6 Debt (other than pricing terms) shall not be materially more burdensome or restrictive (taken as a whole) on the Borrower than the terms of the Facility Debt; 

 

	 	(g)	all Secured Debt (including such Train 6 Debt), excluding principal payments with respect to Working Capital Debt, shall be capable of amortization such that through the terms of the FOB Sale and Purchase Agreements,
including the Train 6 FOB Sale and Purchase Agreements, the Projected Debt Service Coverage Ratio, taking into consideration such amortization, shall not be less than 2.0x (calculated with respect to all Cash Flows other than Cash Flows comprising
the pass-through component of the cost of purchase and transportation of natural gas consumed for LNG production to the extent not already deducted as an operating expense (as contemplated by the definition of Cash Flow Available for Debt Service))
and 1.75x (calculated solely with respect to (i) the Monthly Sales Charges, (ii) the Fixed Price Component under the KoGas FOB Sale and Purchase Agreement, the Centrica FOB Sale and Purchase Agreement and the Total FOB Sale and Purchase
Agreement, (iii) all Cash Flows (other than Cash Flows comprising the pass-through component of the cost of purchase and transportation of natural gas consumed for LNG production to the extent not already deducted as an operating expense (as
contemplated by the definition of Cash Flow Available for Debt Service)) under the GAIL FOB Sale and Purchase Agreement), and (iv) any Fixed Price Component under the Train 6 FOB Sale and Purchase Agreement(s). In calculating the Projected Debt
Service Coverage Ratio only projected Cash Flows, Monthly Sales Charges and the Fixed Price Component, as applicable, from FOB Sale and Purchase Agreements shall be taken into account; 

 

	 	(h)	the Secured Debt Holder Group Representative for the Train 6 Debt shall have entered into an Accession Agreement in accordance with Section 2.8 (Accession Agreements); 

 

	 	(i)	the Borrower’s Debt to Equity Ratio shall not exceed the ratio of 75:25 taking into account the incurrence of such Train 6 Debt but without regard to any outstanding Indebtedness comprising Working Capital Debt;
and 

  

	 	(j)	the Project Completion Date has not occurred. 

 Any Secured Train 6 Debt shall be treated in
all respects as Secured Debt, sharing pari passu in the Collateral and in right of payment. 

  
 18 

 Notwithstanding the foregoing but without limiting the provisions of Sections 2.4 (Working
Capital Debt), 2.5 (PDE Debt), and 2.6 (Replacement Debt) or this Section 2.7, (i) the Borrower may conduct front-end engineering, development and design work using equity funds provided by the Pledgor, the Sponsor or any
of its Subsidiaries (other than the Borrower) which are in addition to any equity funds provided to the Borrower on or prior to the Closing Date without satisfying the requirements in clauses (a) – (j) above, and (ii) the
provision of additional equity for completion of the Train 6 Development or for cost overruns in the construction thereof shall be permitted. 
  

	2.8	Accession Agreements 

  

	 	(a)	Each Secured Debt Holder Group Representative shall enter into an Accession Agreement substantially in the form set out in Part A of Schedule 2.8(a). 

 

	 	(b)	Each Secured Hedge Representative shall enter into an Accession Agreement substantially in the form set out in Part B of Schedule 2.8(a). 

 

	 	(c)	Each Secured Gas Hedge Representative shall enter into an Accession Agreement substantially in the form set out in Part C of Schedule 2.8(a). 

 

	 	(d)	Each Accession Agreement shall specify in Appendix A thereto: 

  

	 	(i)	the identity of the relevant Secured Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative, as applicable; 

 

	 	(ii)	the Secured Debt, Secured Hedge Obligations or Secured Gas Hedge Obligations, as applicable, subject thereof and the identity of the Holders thereof; and 

 

	 	(iii)	the Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, as applicable. 

  

	 	(e)	Copies of such executed Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, as applicable, shall be attached to the Accession Agreement as exhibits. 

 

	 	(f)	Upon receipt of the relevant Accession Agreement and compliance with the applicable requirements of Sections 2.4 (Working Capital Debt), 2.5 (PDE Debt) 2.6 (Replacement Debt), and 2.7 (Train
6 Debt) (as the case may be), the Intercreditor Agent (without further instruction) shall amend Schedule 2.8(f) accordingly and shall deliver each such revised Schedule to the Borrower, the Common Security Trustee and each such Secured
Debt Holder Group Representative. 

  
 19 

	2.9	Transfers and Holding of Obligations 

  

	 	(a)	The Secured Debt Instruments may be held, sold, exchanged, traded, assigned or otherwise transferred by each Secured Debt Holder as provided in the relevant Secured Debt Instrument. Any Person becoming a Secured Debt
Holder from time to time in accordance with such Secured Debt Instrument shall be and become a Secured Debt Holder for the purposes of this Agreement and each Person ceasing to be a Secured Debt Holder from time to time in accordance with such
Secured Debt Instrument shall cease to be a Secured Debt Holder for the purposes of this Agreement. 

  

	 	(b)	The Secured Hedge Instruments may be held, sold, exchanged, traded, assigned or otherwise transferred by each Holder of Secured Hedge Obligations as provided in the relevant Secured Hedge Instrument. Any Person becoming
a Holder of Secured Hedge Obligations from time to time in accordance with such Secured Hedge Instrument shall be and become a Holder of Secured Hedge Obligations for the purposes of this Agreement and each Person ceasing to be a Holder of Secured
Hedge Obligations from time to time in accordance with such Secured Hedge Instrument shall cease to be a Holder of Secured Hedge Obligations for the purposes of this Agreement. 

 

	 	(c)	The Secured Gas Hedge Instruments may be held, sold, exchanged, traded, assigned or otherwise transferred by each Gas Hedge Provider as provided in the relevant Secured Gas Hedge Instrument. Any Person acquiring a
Secured Gas Hedge Instrument from time to time in accordance with such Secured Gas Hedge Instrument shall be and become a Gas Hedge Provider for the purposes of this Agreement and each Person ceasing to be a Gas Hedge Provider from time to time in
accordance with such Secured Gas Hedge Instrument shall cease to be a Gas Hedge Provider for the purposes of this Agreement. 

  

	 	(d)	Any Secured Debt Holder Group Representative may be replaced in accordance with the relevant Secured Debt Instrument, and the Common Security Trustee and the Intercreditor Agent shall be notified promptly of any such
replacement, which shall become effective only upon the replacement Secured Debt Holder Group Representative executing and delivering to the Intercreditor Agent a Transfer Accession Agreement or other agreement in writing to be bound by the
Accession Agreement to which its predecessor was a party, and the Intercreditor Agent (without further instruction) shall amend Schedule 2.8(f) accordingly and shall deliver each such revised Schedule to the Borrower, the Common Security
Trustee and each such Secured Debt Holder Group Representative. 

  

	 	(e)	 Any Secured Hedge Representative may be replaced in accordance with the relevant Secured Hedge Instrument, and the Common Security Trustee and the
Intercreditor Agent shall be notified promptly of any such replacement, which shall become effective only upon the replacement Secured Hedge Representative executing and delivering to the Intercreditor Agent a Transfer Accession Agreement or other
agreement in writing to be bound by the Accession 

  
 20 

	 	
Agreement to which its predecessor was a party and the Intercreditor Agent (without further instruction) shall amend Schedule 2.8(f) accordingly and shall deliver each such revised
Schedule to the Borrower, the Common Security Trustee and each such Secured Hedge Representative. 

  

	 	(f)	Any Secured Gas Hedge Representative may be replaced in accordance with the relevant Secured Gas Hedge Instrument, and the Common Security Trustee and the Intercreditor Agent shall be notified promptly of any such
replacement, which shall become effective only upon the replacement Secured Gas Hedge Representative executing and delivering to the Intercreditor Agent a Transfer Accession Agreement or other agreement in writing to be bound by the Accession
Agreement to which its predecessor was a party and the Intercreditor Agent (without further instruction) shall amend Schedule 2.8(f) accordingly and shall deliver each such revised Schedule to the Borrower, the Common Security Trustee and
each such Secured Gas Hedge Representative. 

  

	2.10	Changes to Secured Debt Obligations 

 The Borrower shall promptly provide to the
Intercreditor Agent and to each Secured Debt Holder Group Representative copies of all material modifications to any Secured Debt Instrument; provided, that, such modifications shall only be made in accordance with terms and conditions set
forth in the Intercreditor Agreement and the relevant Secured Debt Instrument. 
  

	2.11	Termination of Obligations 

  

	 	(a)	Upon the indefeasible payment in full of all Obligations (and expiration or termination of all Senior Debt Commitments) arising under any Secured Debt Instrument, Secured Hedge Instrument or Secured Gas Hedge
Instrument, as applicable, in accordance with the terms thereof (other than Obligations thereunder that by their terms survive and with respect to which no claim has been made by the applicable Secured Parties and, at the option of the Borrower and
to the extent permitted by the Secured Debt Instrument governing any Senior Bonds, other than Obligations payable in respect of Senior Bonds if the amounts payable in respect of all other Obligations have been so paid in full), the relevant Secured
Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative, as applicable, shall give notice thereof to the Common Security Trustee and the Intercreditor Agent, whereupon, without further action by any Person:

  

	 	(i)	such Obligations shall no longer constitute Obligations secured by the Collateral and shall no longer be entitled to the benefits of this Agreement or any other Financing Document; 

 

	 	(ii)	 the former Holders of such Secured Debt, Secured Hedge Obligations or Secured Gas Hedge Obligations, as applicable, shall no longer be Holders of
Secured Debt, Secured Hedge Obligations or Secured Gas Hedge 

  
 21 

	 	
Obligations, as applicable, under this Agreement or any other Financing Document and shall no longer have any rights or obligations under this Agreement or any other Financing Document except for
those provisions that by their terms expressly survive termination; 

  

	 	(iii)	the related Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, as applicable, shall no longer be Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments,
as applicable, under this Agreement or any other Financing Document; and 

  

	 	(iv)	such Secured Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative, as applicable, shall no longer be a Party or party to any other Financing Document, in such capacity.

  

	 	(b)	On the Discharge Date, this Agreement and the security interests and rights created by or pursuant to this Agreement or any Security Document shall terminate, and the Secured Parties and their respective
attorneys-in-fact shall, at the expense of the Borrower, promptly deliver UCC-3 termination statements and such instruments of satisfaction, discharge and release of security in respect of all Security as may be requested by the Borrower.

  

	2.12	Right to Share in Security 

 Only the Secured Parties shall be entitled to benefit from
the Security granted in the Collateral pursuant to the Security Documents, provided, that the Secured Debt Holder Group Representatives, Secured Hedge Representatives or Secured Gas Hedge Representatives, as applicable, representing such
Secured Parties have signed the Accession Agreement in accordance with Section 2.8 (Accession Agreements). 
  

	2.13	Certain Rights and Obligations of Secured Parties 

 Unless all the Secured Parties agree
otherwise: 
  

	 	(a)	the obligations of a Secured Party under the Finance Documents are several and not joint; 

  

	 	(b)	failure by a Secured Party to perform its obligations does not affect the obligations of any other party under the Financing Documents; 

 

	 	(c)	no Secured Party is responsible for the obligations of any other Secured Party under the Financing Documents; 

  

	 	(d)	the rights of a Secured Party under the Financing Documents are separate and independent rights; 

  
 22 

	 	(e)	a Secured Party may, except as otherwise stated in the Financing Documents, separately enforce those rights; and 

  

	 	(f)	a debt arising under the Financing Documents to a Secured Party is a separate and independent debt. 

  

	3.	REPAYMENT AND PREPAYMENTS 

  

	3.1	General Terms of Repayment 

  

	 	(a)	All payments (including any payment of interest or fees) due to each Secured Party shall be made in Dollars. 

  

	 	(b)	Except as otherwise provided therein, whenever any payment due under a Financing Document would otherwise fall due on a day other than a Business Day, such payment shall be due on the next succeeding Business Day. Any
such extension of time under this Section 3.1(b) shall be included in the computation of interest or fees (as the case may be) on any such amount so due. 

  

	 	(c)	Unless expressly specified otherwise in any Secured Debt Instrument, all undrawn Senior Debt Commitments in respect of any Secured Debt shall be cancelled automatically at the close of business in New York, New York on
the last day of the Availability Period; provided, that if such day is not a Business Day, the Availability Period shall terminate on the immediately preceding Business Day. 

 

	3.2	Voluntary Prepayment of Secured Debt 

  

	 	(a)	 The Borrower shall have the right to prepay (including by way of legal defeasance of Senior Bonds to the extent permitted under the Indenture
governing such Senior Bonds) the Secured Debt under the applicable Secured Debt Instrument (i) in the case of prepayments (A) of Working Capital Debt, and (B) funded through the use of Replacement Debt, at any time and (ii) in
the case of all other prepayments, (x) on or before the end of any Availability Period applicable to any Secured Debt, if an Authorized Officer of the Borrower certifies (and provided that the Independent Engineer concurs (which
concurrence shall not be unreasonably withheld, conditioned or delayed)) that such voluntary prepayment will not have a Material Adverse Effect on the Borrower’s ability to fund the remaining expenditures required to achieve the Project
Completion Date by the Date Certain and (y) at any time following the end of any Availability Period applicable to any Secured Debt, in minimum amounts of ten million Dollars ($10,000,000), on not less than five (5) Business Days’
prior written notice to the Intercreditor Agent, KEXIM, KSURE, each Secured Hedge Representative and each Secured Debt Holder Group Representative. Each notice of voluntary prepayment will be irrevocable, except that a notice of prepayment given by
the Borrower may state that such notice is conditioned upon either the effectiveness of other credit facilities or the closing of the sale of other securities, in which case such notice may be revoked by the Borrower (by notice to the Intercreditor
Agent, 

  
 23 

	 	  	each Secured Hedge Representative and each Secured Debt Holder Group Representative on or prior to the specified effective date) if such condition is not satisfied. The Borrower shall promptly pay any Break Costs
incurred by any Secured Party as a result of such notice and revocation. 

  

	 	(b)	Each notice of prepayment given by the Borrower under this Section 3.2 shall specify the prepayment date and the portion of the principal amount of the Secured Debt to be prepaid. 

 

	 	(c)	With respect to each prepayment to be made pursuant to this Section 3.2, on the date specified in the notice of prepayment delivered pursuant to Section 3.2(a), the Borrower shall pay (on a pro rata
basis) to the Secured Debt Holder Group Representatives for the account of the relevant Secured Parties (and in the case of outstanding Commercial Bank Loans, pro rata across all Tranches and pro rata within each Tranche of such
Commercial Bank Loans) the sum of the following amounts: 

  

	 	(i)	the principal (including any make whole amount required to be paid under the terms of the applicable Secured Debt Instrument) of, and accrued but unpaid interest on, the Secured Debt to be prepaid; 

 

	 	(ii)	any additional amounts required to be paid due to funding losses as required under each Secured Debt Instrument; and 

  

	 	(iii)	except for amounts to be paid to the Secured Hedge Representatives for the account of the Qualified Counterparties to the Interest Rate Protection Agreements as set forth immediately below, any other Obligations due in
connection with any prepayment under the Financing Documents. 

 Payments of principal of the Secured Debt will be applied
pro rata against subsequent scheduled payments or in inverse order of maturity, at the Borrower’s option (except as otherwise provided in Section 2.6(j) (Replacement Debt)); provided, that notwithstanding anything to
the contrary in this Section 3.2, the Borrower may, at its option, apply all or a portion of the proceeds of any voluntary prepayment to (A) the pro rata prepayment of the Facility Debt and any other Secured Debt without applying
such proceeds to the prepayment of any Senior Bonds, or (B) the pro rata prepayment of the Facility Debt without applying such proceeds to the prepayment of any Senior Bonds or any other Secured Debt; provided further that
payments of principal of the Facility Debt shall be applied in the same order of maturity across all Facilities. 
 Additionally, the
Borrower shall pay, on a pro rata basis with the payments required under clause (c)(i), (ii) and (iii) above, to the Secured Hedge Representatives for the account of the Qualified Counterparties to the Interest Rate Protection
Agreements the Hedge Termination Values payable in respect of any Interest Rate Protection Agreement to be terminated in connection with such prepayment in accordance with Section 3.5 (Termination of Interest Rate

  
 24 

 Protection Agreement in Connection with Any Prepayment), which terminated Interest Rate
Protection Agreement shall be specified by the Borrower in the notice of prepayment. 
  

	3.3	Voluntary Cancellation of Secured Debt 

 The Borrower shall have the right to cancel any
outstanding commitments of the Secured Debt Holders under the Secured Debt Instruments upon at least five (5) Business Days’ prior written notice to the Intercreditor Agent, KEXIM, KSURE, and each Secured Debt Holder Group Representative
(a) following (i) Substantial Completion of all trains of the Project and (ii) the Date of First Commercial Delivery under and as defined in the GN FOB Sale and Purchase Agreement, the KoGas FOB Sale and Purchase Agreement, the GAIL
FOB Sale and Purchase Agreement, the Centrica FOB Sale and Purchase Agreement, and the Total FOB Sale and Purchase Agreement and, if the Train 6 Debt has been incurred, each Train 6 FOB Sale and Purchase Agreement, and the Train 1 DFCD under and as
defined in the BG FOB Sale and Purchase Agreement or (b) with the consent of the Common Security Trustee in consultation with the Independent Engineer that the funds under the cancelled commitments are not necessary to achieve the Project
Completion Date by the Date Certain. 
  

	3.4	Mandatory Prepayment of Secured Debt 

  

	 	(a)	In addition to scheduled principal repayments, the Borrower shall make the following mandatory payments (as prepayments to be effected in each case in the manner specified in Section 3.4(b) below):

  

	 	(i)	to the extent of any Net Available Amount not otherwise applied in accordance with Section 5.08 (Insurance/Condemnation Proceeds Account) of the Accounts Agreement; 

 

	 	(ii)	to the extent of any Net Cash Proceeds received from sales of assets (other than asset disposals in the ordinary course of business, including sales of LNG, natural gas and other commercial products) that are in excess
of (A) in the case of any Senior Debt other than Senior Bonds, fifty million Dollars ($50,000,000) individually or two hundred million Dollars ($200,000,000) in the aggregate over the term of this Agreement and (B) in the case of one or
more series of Senior Bonds, any amounts, individually or in the aggregate, equal to or in excess of the amounts set forth in clause (A) as set forth in the Senior Debt Instrument governing such Senior Bonds and, in each case, that are not used
to purchase replacement assets within one hundred eighty (180) days following receipt thereof (or two hundred seventy (270) days if a commitment to purchase replacement assets is entered into within one hundred eighty (180) days
following the receipt of such proceeds); 

  
 25 

	 	(iii)	to the extent required under Section 2.6(j) (Replacement Debt); 

  

	 	(iv)	to the extent of the amount of all Performance Liquidated Damages that are in excess of (A) in the case of any Senior Debt other than Senior Bonds, ten million Dollars ($10,000,000) in the aggregate and (B) in
the case of one or more series of Senior Bonds, any amounts, individually or in the aggregate, equal to or in excess of the amounts set forth in clause (A) as set forth in the Senior Debt Instrument governing such Senior Bonds and, in each
case, that are not used to address any deficiency pursuant to Section 5.08 (Insurance/Condemnation Proceeds Account) of the Accounts Agreement; 

  

	 	(v)	to the extent of the amount of all proceeds received from any Escrowed Amounts (under and as defined in each of the EPC Contracts) after the Project Completion Date, unless the Borrower is permitted to make a Restricted
Payment pursuant to Section 5.10(d) (Distribution Account) of the Accounts Agreement on the next succeeding Payment Date; 

  

	 	(vi)	other than with respect to any series of Senior Bonds, unless the Senior Debt Instrument governing such Senior Bonds specifically so requires, any amounts on deposit in the Distribution Account for four
(4) consecutive scheduled Quarterly Payment Dates; and 

  

	 	(vii)	on the Project Completion Date, an amount equal to the Facility Debt Reduction Amount; and 

  

	 	(viii)	to the extent required under Section 5.01(e) (Mandatory Prepayments from Equity Proceeds Account) of the Accounts Agreement and Section 5.10(e) (Mandatory Prepayments from Distribution Account)
of the Accounts Agreement. 

  

	 	(b)	The Borrower shall pay: 

  

	 	(A)	with respect to each prepayment to be made pursuant to this Section 3.4 (other than clause (a)(iii) (with respect to the prepayments required under Section 2.6(j)(ii) (Replacement Debt)) and clauses
(a)(vii) and (a)(viii) above), on a pro rata basis to the relevant Secured Debt Holder Group Representatives; 

  

	 	(B)	with respect to each prepayment to be made pursuant to clause (a)(vii) above, on a pro rata basis across the Facilities to the relevant Secured Debt Holder Group Representatives under the Facility Agreements; and

  
 26 

	 	(C)	with respect to each prepayment to be made pursuant to clause (a)(iii) above (with respect to the prepayments required under Section 2.6(j)(ii) (Replacement Debt)) and clause (a)(viii) above, on a pro
rata basis across the KEXIM Covered Facility, KEXIM Direct Facility and KSURE Covered Facility to the relevant Secured Debt Holder Group Representatives under the relevant Facility Agreements, 

in each case, for the account of the relevant Secured Parties (and in the case of outstanding Commercial Bank Loans, pro rata across all
Tranches and pro rata within each Tranche of such Commercial Bank Loans) the sum of the following amounts: 
  

	 	(i)	the principal (including any make whole amount required to be paid under the terms of the applicable Secured Debt Instrument) of, and accrued but unpaid interest on, the Secured Debt to be prepaid; 

 

	 	(ii)	any additional amounts required to be paid due to funding losses as required under each Secured Debt Instrument; 

  

	 	(iii)	except for amounts to be paid to the Secured Hedge Representatives for the account of the Qualified Counterparties to the Interest Rate Protection Agreements as set forth immediately below, any other Obligations due in
connection with any prepayment under the Financing Documents; and 

  

	 	(iv)	if applicable, on a pro rata basis with the payments required under clause (b)(i), (ii) and (iii) above, to the Secured Hedge Representatives for the account of the Qualified Counterparties to the
Interest Rate Protection Agreements the Hedge Termination Values payable in respect of any Interest Rate Protection Agreement to be terminated in connection with such prepayment in accordance with Section 3.5 (Termination of Interest Rate
Protection Agreement in Connection with Any Prepayment), which terminated Interest Rate Protection Agreement shall be specified by the Borrower in the notice of prepayment; provided, that any Hedge Termination Value that is not due at
such time in accordance with Section 3.5 (Termination of Interest Rate Protection Agreement in Connection with Any Prepayment) shall be retained in the Construction Account or the Revenue Account, as applicable, and applied at the time
required as set forth in such Section. 

 Payments of principal of the Secured Debt pursuant to this Section 3.4 will be
applied in inverse order of maturity, if applicable, or such other order as may be specified in the applicable Senior Debt Instrument (except that mandatory 

  
 27 

 repayments under clause (a)(iv) above shall be applied pro rata against subsequent
scheduled payments); provided that payments of principal of the Facility Debt shall be applied in the same order of maturity across all Facilities. 
  

	3.5	Termination of Interest Rate Protection Agreement in Connection with Any Prepayment 

 If
a voluntary or mandatory prepayment of the Secured Debt made by the Borrower pursuant to the provisions of Sections 3.2 (Voluntary Prepayment of Secured Debt) or 3.4 (Mandatory Prepayment of Secured Debt), including any reduction in
Facility Commitments in connection with incurrence of Replacement Debt, and the provisions of the relevant Secured Debt Instrument would result in the aggregate notional amount of the Interest Rate Protection Agreements exceeding one hundred percent
(100%) (calculated on a weighted average basis) of the projected aggregate outstanding balance of the Secured Debt (and, for purposes of calculating such percentage, any such Secured Debt which bears a fixed interest rate shall be deemed
subject to an Interest Rate Protection Agreement), the Borrower shall, terminate or, to the extent permitted by the applicable Interest Rate Protection Agreement, transfer or novate, a portion of the Interest Rate Protection Agreements such that the
aggregate notional amount of the Interest Rate Protection Agreements satisfies the requirements of the Borrower pursuant to Section 6.11 (Interest Rate Protection Agreements), but in any case is not more than (a) prior to forty-five
(45) days following any such prepayment, one hundred ten percent (110%) (calculated on a weighted average basis) of the projected aggregate outstanding balance of the Secured Debt and (b) thereafter, one hundred percent
(100%) (calculated on a weighted average basis) of the projected aggregate outstanding balance of the Secured Debt (provided, however, for purposes of calculating such percentage, any such Secured Debt which bears a fixed interest rate
shall be deemed subject to an Interest Rate Protection Agreement); provided, that any such reduction shall be made, (x) in the case of any voluntary prepayment of Secured Debt under Section 3.2 (Voluntary Prepayment of Secured
Debt) or mandatory prepayment of Secured Debt under Section 3.4(a)(iv) (Mandatory Prepayment of Secured Debt), at the Borrower’s option, pro rata against subsequent scheduled repayments or in inverse order of maturity of
such Interest Rate Protection Agreements and pro rata to all counterparties to such Interest Rate Protection Agreements with the same maturity, or (y) in the case of any mandatory prepayment of Secured Debt under
Section 3.4(a)(i)-(iii) or (v)-(viii) (Mandatory Prepayment of Secured Debt), in inverse order of maturity of such Interest Rate Protection Agreements and, in all cases under Section 3.4(a) (Mandatory Prepayment of
Secured Debt), pro rata to all counterparties to such Interest Rate Protection Agreements with the same maturity. The amount of any Hedge Termination Value due in respect of the Interest Rate Protection Agreements terminated in accordance
with this Section 3.5 shall be made by the Borrower from amounts available with which to make such prepayment. 
  

	3.6	Prepayment – Miscellaneous 

  

	 	(a)	No prepayment of any Secured Debt is permitted except in accordance with the express terms of this Agreement and the applicable Secured Debt Instruments. 

  
 28 

	 	(b)	Except for revolving loans (and to the extent of any reinstatement of an available amount to be drawn under a letter of credit) made under any Secured Debt Instrument, no amount pre-paid under a Secured Debt Instrument
may be subsequently re-borrowed. 

  

	 	(c)	Each prepayment of Secured Debt (including any prepayment in accordance with Section 2.6(b)(ii) (Replacement Debt)) shall be made: 

 

	 	(i)	together with accrued interest on the amount pre-paid and any applicable Break Costs; and 

  

	 	(ii)	without any penalty or premium (other than any premium required under any Indenture, any Senior Debt Instrument relating to Senior Bonds or any Senior Debt Instrument relating to any Indebtedness that contemplates any
such premium or penalty). 

  

	4.	REPRESENTATIONS AND WARRANTIES 

  

	4.1	General 

  

	 	(a)	The Borrower makes each representation and warranty set forth in this Section 4 on the Closing Date to, and in favor of, each Secured Debt Holder (other than the Holders of Senior Bonds) whose Secured Debt Holder
Group Representative is a party hereto on such date. 

  

	 	(b)	Notwithstanding paragraph (a) above, all of the representations and warranties set forth in this Section 4 shall survive the Closing Date, and except as provided below, shall be deemed to be repeated by the
Borrower on the date of each Advance, the date of first withdrawal under Section 5.01(c)(ii) (withdrawals from Equity Proceeds Account) of the Accounts Agreement, and the Project Completion Date, in each case, to and in favor of each
Secured Debt Holder whose Secured Debt Holder Group Representative is a party hereto on such dates, except for the representations and warranties set forth in (i) Section 4.3(b) (Financial Condition), Section 4.5(b) (No
Breach), Section 4.7 (Proceedings), Section 4.8 (Environmental Matters), Section 4.9 (Taxes), Section 4.10 (Tax Status), Section 4.12 (Nature of Business), Section 4.16 (Energy
Regulatory Status), Section 4.17 (Material Project Documents; Other Documents), Section 4.21 (Disclosure), Section 4.23 (Indebtedness), Section 4.27 (Solvency), Section 4.30 (Ranking),
Section 4.32(a) (OFAC), Section 4.33 (Accounts), and Section 4.35 (No Condemnation), which shall only be deemed made by the Borrower on the Closing Date and (ii) Section 4.6 (Government Approvals;
Government Rules), Section 4.24 (Material Adverse Effect), Section 4.28 (Legal Name and Place of Business) and Section 4.29(b) (No Force Majeure), which shall only be deemed repeated by the Borrower as of the
date of the Initial Advance; provided, that the representations and warranties set forth in this Section 4 on the date of each Advance shall, when repeated, be deemed to be true and correct in all material respects except for those
representations and warranties that are qualified by materiality which shall, when repeated, be deemed to be true and correct in all respects. 

  
 29 

	 	(c)	On the initial date on which the Borrower makes any representations or warranties in any Secured Debt Instrument, any purchase agreement with respect to Secured Debt governed by such Secured Debt Instrument or hereunder
to the Holders of any Secured Working Capital Debt, Secured PDE Debt, Secured Replacement Debt, or Train 6 Debt incurred pursuant to Sections 2.4 (Working Capital Debt), 2.5 (PDE Debt), 2.6 (Replacement Debt) or 2.7 (Train 6
Debt), as applicable, the Borrower shall, on such initial date, be deemed to have repeated all of the representations and warranties in such Secured Debt Instrument, purchase agreement or hereunder, as the case may be, to and in favor of each
Secured Debt Holder whose Secured Debt Holder Group Representative is a party hereto on such date. 

  

	4.2	Existence 

 The Borrower is a limited liability company duly formed, validly existing and
in good standing under the laws of the State of Delaware and is duly qualified to do business as a foreign limited liability company in the State of Louisiana and in all other places where necessary in light of the business it conducts and intends
to conduct and the Property it owns or leases and intends to own or lease and in light of the transactions contemplated by the Transaction Documents, except where the failure to so be qualified does not have and could not reasonably be expected to
have a Material Adverse Effect. No filing, recording, publishing or other act by the Borrower that has not been made or done is necessary in connection with the existence or good standing of the Borrower. 

 

	4.3	Financial Condition 

  

	 	(a)	The financial statements of the Borrower furnished to the Common Security Trustee pursuant to Section 8.1 (Financial Statements) (or pursuant to clause (g) in Schedule 5.1(Conditions to
Closing Date) or otherwise), fairly present in all material respects the financial condition of the Borrower as of the date thereof, all in accordance with GAAP (subject to normal year-end adjustments). 

 

	 	(b)	As of the Closing Date, there has been no material adverse change in the financial condition, operations or business of the Borrower from that set forth in such financial statements as of the date thereof.

  

	4.4	Action 

 The Borrower has full limited liability company power, authority and legal right
to execute and deliver, and to perform its obligations under, the Transaction Documents to which the Borrower is a party. The execution, delivery and performance by the Borrower of each of the Transaction Documents to which it is a party have been
duly authorized by all necessary limited liability company action on the part of the Borrower. Each of the Transaction Documents to which the Borrower is a party has been duly executed and 

  
 30 

 
delivered by the Borrower and (assuming the due execution and delivery by the counterparties thereto) each of the Financing Documents and, to the Knowledge of the Borrower, each of the Material
Project Documents, is in full force and effect and constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as limited by general principles of equity and bankruptcy,
insolvency and similar laws. 
  

	4.5	No Breach 

 The execution, delivery and performance by the Borrower and, to the
Borrower’s Knowledge, each Material Project Party, of each of the Transaction Documents to which it is or will become a party do not and will not: 
  

	 	(a)	require any consent or approval of any Person that has not been obtained (or is not reasonably expected to be received at the time required), and all such consents and approvals that have been obtained remain in full
force and effect; 

  

	 	(b)	violate any material provision of any Government Rule or Government Approval applicable to any such Person, the Project, or the Development; 

 

	 	(c)	violate, result in a breach of or constitute a default under any Transaction Document to which any such Person is a party or by which it or its Property may be bound or affected; or 

 

	 	(d)	result in, or create any Lien (other than a Permitted Lien) upon or with respect to any of the Properties now owned or hereafter acquired by the Borrower. 

 

	4.6	Government Approvals; Government Rules 

  

	 	(a)	No material Government Approvals are required for the Development except for those set forth on Schedules 4.6(a) and (b), and except for those that may be required as a result of the exercise of remedies
under the Financing Documents. 

  

	 	(b)	All material Government Approvals for the Development set forth on Schedule 4.6(a) have been duly obtained, were validly issued, are in full force and effect, and are not the subject of any pending rehearing or
appeal to the issuing agency and all applicable fixed time periods for rehearing or appeal to the issuing agency have expired (except as noted on Schedule 4.6(a) or Government Approvals which do not have limits on appeal periods under
Government Rule), are held in the name of the Borrower or such third party as allowed pursuant to Government Rule indicated on Schedule 4.6(a), and are free from conditions or requirements (i) the compliance with which could reasonably
be expected to have a Material Adverse Effect or (ii) which the Borrower or such third party (as applicable) does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Development except to the extent that a
failure to so satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect. 

  
 31 

	 	(c)	All material Government Approvals not obtained as of the date hereof but necessary for the Development (including the sale of Services) to be obtained by the Borrower or for the benefit of the Project by third parties
as allowed pursuant to Government Rule after the Closing Date are set forth on Schedule 4.6(b). 

  

	 	(d)	The Borrower reasonably believes that any material Government Approvals which have not been obtained by the Borrower or the relevant third party as of the date of the making of this representation, but which shall be
required to be obtained in the future by the Borrower or such third party for the Development, shall be obtained in due course on or prior to the commencement of the appropriate stage of Development for which such Government Approval would be
required and shall not contain any condition or requirements, the compliance with which could reasonably be expected to result in a Material Adverse Effect or which the Borrower or the relevant third party (as the case may be) does not expect to
satisfy on or prior to the commencement of the appropriate stage of Development, except to the extent that a failure to so satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect. 

 

	 	(e)	The Project, if constructed in accordance with the Construction Budget and the Construction Schedule and otherwise Developed as contemplated by the Material Project Documents, shall conform to and comply in all material
respects with all material covenants, conditions, restrictions and reservations in the applicable Government Approvals and all applicable Government Rules as in effect as of the date this representation is made and deemed repeated.

  

	 	(f)	The Borrower is in compliance in all material respects with all Government Rules and Government Approvals applicable to the Borrower and the Development and, to the Borrower’s Knowledge, all third parties are in
compliance in all material respects with all Government Rules and Government Approvals applicable to the Development. 

  

	 	(g)	To the Borrower’s Knowledge, there is no action, suit, or proceeding pending that would reasonably be expected to result in the materially adverse modification, rescission, termination, or suspension of any
Government Approval. 

  

	4.7	Proceedings 

  

	 	(a)	Except as set forth in Schedule 4.7, there is (i) no material Environmental Claim now pending or, to the Borrower’s Knowledge, threatened against any Loan Party or the Project, or material Government
Approval applicable to the Borrower or the Development and (ii) no existing material default by the Borrower under any material applicable order, writ, injunction or decree of any Government Authority or arbitral tribunal. 

 

	 	(b)	The Borrower has not received any written notice from any Government Authority asserting that any information set forth in any application submitted by or on behalf of the Borrower in connection with any material
Government 

  
 32 

 Approval that has been obtained as of the date this representation is made or deemed repeated was
inaccurate or incomplete at the time of submission, unless the existence of such inaccuracy or incompleteness could not reasonably be expected to result in an Impairment of any material Government Approval applicable to the Borrower or the
Development. 
  

	4.8	Environmental Matters 

 Except as set forth in Schedule 4.8: 

 

	 	(a)	There are no facts, circumstances, conditions or occurrences, including past Releases of Hazardous Materials, regarding the Borrower or the Development that could reasonably be expected to give rise to any Environmental
Claims that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect or cause the Project to be subject to any restrictions on ownership, occupancy, use or transferability under any Environmental Law that could
materially hinder or restrict the Borrower or any other Person from operating the Project as intended under the Material Project Documents (excluding restrictions on the transferability of Government Approvals upon the transfer of ownership of
assets subject to such Government Approval). 

  

	 	(b)	Hazardous Materials have not at any time been Released at, on, under or from the Project other than in compliance at all times with all applicable Environmental Laws or in such manner as otherwise could not reasonably
be expected to result in a Material Adverse Effect. 

  

	 	(c)	There have been no material environmental investigations, studies, audits, reviews or other analyses relating to environmental site conditions that have been conducted by, or which are in the possession or control of
the Borrower in relation to the Project which have not been provided to the Common Security Trustee and the Secured Debt Holders. 

  

	 	(d)	The Borrower has not received any letter or request for information under Section 104 of CERCLA, or comparable state laws, and to the Knowledge of the Borrower, none of the operations of the Borrower or SPLNG is
the subject of any investigation by a Government Authority evaluating whether any remedial action is needed to respond to a Release or threatened Release of any Hazardous Materials relating to the Project or at any other location, including any
location to which the Borrower has transported, or arranged for the transportation of, any Hazardous Materials with respect to the Development. 

  

	4.9	Taxes 

 The Borrower (or, for purposes of this Section 4.9, if it is a disregarded
entity for U.S. income tax purposes, its direct owner) has timely filed or caused to be filed all tax returns that are required to be filed, and has paid (i) all taxes shown to be due and payable on such returns or on any material assessments
made against the Borrower or any of its 

  
 33 

 Property and (ii) all other material Taxes imposed on the Borrower or its Property by any
Government Authority (other than Taxes the payment of which are not yet due or which are being Contested), and no tax Liens (other than Permitted Liens) have been filed and no claims are being asserted with respect to any such Taxes (other than
claims which are being Contested). 
  

	4.10	Tax Status 

 The Borrower is a limited liability company that is treated as a partnership
or an entity disregarded for U.S. federal, state and local income tax purposes as separate from its owner and not an association taxable as a corporation, and neither the execution or delivery of any Transaction Document nor the consummation of any
of the transactions contemplated thereby shall affect such status. All persons holding a direct interest in the Borrower treated as equity for U.S. tax purposes are U.S. persons within the meaning of Code section 7701(a)(30). 

 

	4.11	ERISA; ERISA Event. 

  

	 	(a)	As of the Closing Date, the Borrower does not employ any employees. The Borrower does not sponsor, maintain, administer, contribute to, participate in, or have any obligation to contribute to, or any liability under,
any Plan or Multiemployer Plan nor has the Borrower established, sponsored, maintained, administered, contributed to, participated in, or had any obligation to contribute to or liability under any Plan or Multiemployer Plan or plan that provides for
post-retirement benefits. 

  

	 	(b)	No ERISA Event has occurred or is reasonably expected to occur. The present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Accounting
Standards No. 87) did not, as of the date of the most recent annual financial statements reflecting such amounts, exceed 10% of the net worth of the Pledgor. 

 

	4.12	Nature of Business 

 The Borrower has not and is not engaged in any business other than
(i) the Development as contemplated by the Transaction Documents, (ii) activities related to the development, construction, operation and maintenance of equipment and infrastructure providing for the loading and transportation by
commercial trucking vehicles of LNG produced at the Site in excess of (or in the case of (B) and (C), subsumed by) amounts required to serve (A) the Foundation Customers (pursuant to and as defined in the FOB Sale and Purchase Agreements),
(B) Cheniere Marketing LLC under the CMI LNG Sale and Purchase Agreements and (C) Cheniere Marketing International LLP under the Cheniere Marketing LNG Sale and Purchase Agreement, provided that such amounts are permitted to be sold under
such agreements, and (iii) the Train 6 Development using equity funds provided by the Pledgor, the Sponsor or any of its Subsidiaries (other than the Borrower) which are in addition to any equity funds provided to the Borrower on or prior to
the Closing Date and, to the extent incurred, Train 6 Debt. 

  
 34 

	4.13	Security Documents 

 The Borrower owns good and valid title to all of its property, free
and clear of all Liens other than Permitted Liens. The provisions of the Security Documents are effective to create, in favor of the Common Security Trustee for the benefit of the Secured Parties, a legal, valid and enforceable Lien on and security
interest in all of the Collateral purported to be covered thereby, including the EPC Letters of Credit, and all necessary recordings and filings have been made in all necessary public offices, and all other necessary action and action reasonably
requested by the Common Security Trustee has been taken, so that each such Security Document creates a valid and perfected Lien on and security interest in all right, title and interest of the Borrower in the Collateral covered thereby, prior and
superior to all other Liens other than Permitted Liens and all necessary consents to the creation of such Liens have been obtained from each of the parties to the Material Project Documents. 

 

	4.14	Subsidiaries 

 The Borrower has no Subsidiaries. 

 

	4.15	Investment Company Act of 1940 

 The Borrower is not, and after giving effect to the
issuance of the Secured Debt and the application of proceeds of the Secured Debt in accordance with the provisions of the Financing Documents will not be, an “investment company” or a company “Controlled” by an “investment
company” within the meaning of the Investment Company Act of 1940, as amended, or an “investment advisor” within the meaning of the Investment Company Act of 1940, as amended. 

 

	4.16	Energy Regulatory Status 

  

	 	(a)	The Borrower is subject to the provisions of Section 3 of the NGA and the regulations of FERC and DOE thereunder, (1) for the siting, construction, expansion, and the operation of the Borrower’s
liquefaction facilities and (2) with respect to the import and export of LNG from the Project. 

  

	 	(b)	The Borrower is not subject to regulation: 

  

	 	(i)	as a “natural-gas company” as such term is defined in the NGA; 

  

	 	(ii)	under PUHCA; or 

  

	 	(iii)	as a “public utility,” an “electric public utility,” a “gas utility” or a “natural gas company” pursuant to Article 4, Section 21 of the Louisiana Constitution, or Title 30
or Title 45 of the Louisiana Revised Statutes, or the orders, rules and regulations promulgated thereunder; 

 provided
that the Borrower will become subject to provisions of the NGA and FERC’s regulations thereunder as a “natural-gas company” at such time as the 

  
 35 

 
Borrower engages in the sale in interstate commerce of “natural gas” as such term is defined in the NGA only to the extent provided in Part 284, Subpart L of FERC’s regulations.

  

	 	(c)	None of the Common Security Trustee nor the Secured Debt Holders, solely by virtue of the execution and delivery of the Financing Documents, the consummation of the transactions contemplated by the Financing Documents,
or the performance of obligations under the Financing Documents, shall be or become subject to the provisions of: 

  

	 	(i)	Section 3 of the NGA; 

  

	 	(ii)	the NGA as a “natural-gas company” as such term is defined in the NGA; 

  

	 	(iii)	PUHCA; or 

  

	 	(iv)	as a “public utility,” an “electric public utility,” a “gas utility” or a “natural gas company” pursuant to Article 4, Section 21 of the Louisiana Constitution, or Title 30
or Title 45 of the Louisiana Revised Statutes, or the orders, rules and regulations promulgated thereunder. 

  

	4.17	Material Project Documents; Other Documents 

  

	 	(a)	Set forth in Schedule 4.17 is a list of each (i) Material Project Document existing as of the Closing Date and (ii) contract or other written agreement to which the Borrower is a party or by which it or
any of its properties is bound as of the Closing Date, which contains obligations or liabilities that are in excess of two million Dollars ($2,000,000) per year or ten million Dollars ($10,000,000) over its term, including all amendments, amendments
and restatements, supplements, waivers and interpretations modifying or clarifying any of the above, true, correct and complete copies of which have been delivered to the Common Security Trustee and each Secured Debt Holder Group Representative and
certified by an Authorized Officer of the Borrower. 

  

	 	(b)	Each of the Material Project Documents to which the Borrower is a party is, to the Borrower’s Knowledge, in full force and effect, and none of such Material Project Documents have been terminated or otherwise
amended, modified, supplemented, transferred, Impaired or, to the Borrower’s Knowledge, assigned, except as indicated on Schedule 4.17 or as permitted by the terms of the Financing Documents. 

 

	 	(c)	To the Borrower’s Knowledge, no material default exists under any Material Project Document. 

  

	 	(d)	There are no material contracts, services, materials or rights (other than Government Approvals) required for the current stage of the Development other than those granted by, or to be provided to the Borrower pursuant
to, the Material Project Documents, the other Project Documents and the Financing Documents. 

  
 36 

	 	(e)	All conditions precedent to the obligations of the respective parties under the Material Project Documents that have been executed have been satisfied or waived except for such conditions precedent that need not be
satisfied until a later stage of Development. The Borrower reasonably believes that any such condition precedent can be satisfied or waived on or prior to the commencement of the appropriate stage of Development. 

 

	 	(f)	Except as otherwise permitted pursuant to Section 7.11 (Transactions with Affiliates), the Borrower has not entered into any agreements with the Pledgor or any of its Affiliates other than the applicable
Transaction Documents and other transactions on terms no less favorable to the Borrower (taken as a whole) than the Borrower would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate of the Borrower or the
Pledgor or, if there is no comparable arm’s length transaction, then on terms reasonably determined by the Board of Directors of the Borrower to be fair and reasonable. 

 

	4.18	Margin Stock 

 No part of the proceeds of any Advance will be used for the purpose,
whether immediate, incidental or ultimate, of buying or carrying any Margin Stock or to extend credit to others for such purpose. 
  

	4.19	Regulations T, U and X 

 The Borrower is not engaged in the business of extending
credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any Secured Debt will be used for any purpose that violates, or would be inconsistent with, Regulations T, U or X of the Board, or any regulations,
interpretations or rulings thereunder. Terms for which meanings are provided in Regulations T, U or X of the Board, or any regulations, interpretations or rulings thereunder, or any regulations substituted therefore, as from time to time in
effect, are used in this Section 4.19 with such meanings. 
  

	4.20	Patents, Trademarks, Etc. 

 The Borrower has obtained and holds in full force and effect
(and free from unduly burdensome restrictions that would reasonably be expected to materially impair the Development) all material patents, trademarks, copyrights or adequate licenses therein that are necessary for the Development except for such
items which are not required in light of the applicable stage of Development. The Borrower reasonably believes that it will be able to obtain such items that have not been obtained as of the date on which this representation and warranty is made or
deemed repeated on or prior to the relevant stage of Development or any such items will contain any condition or requirements which the Borrower does not expect to be able to satisfy, without cost to the Borrower that could reasonably be expected to
have a Material Adverse Effect. All such items held by the Borrower as of the Closing Date are described in Schedule 4.20. 

  
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	4.21	Disclosure 

 Except as otherwise disclosed by the Borrower in writing as of the Closing
Date, neither this Agreement nor any Financing Document nor any reports, financial statements, certificates or other written information furnished to the Secured Debt Holders by or on behalf of the Borrower in connection with the negotiation of, and
the extension of credit under the Financing Documents and the transactions contemplated by the Material Project Documents or delivered to the Common Security Trustee, any Consultant or the Secured Debt Holders (or their counsel) hereunder or
thereunder, when taken as a whole, contains, as of the Closing Date, any untrue statement of a material fact pertaining to the Borrower or the Project or omits to state a material fact pertaining to the Borrower or the Project necessary to make the
statements contained herein or therein, in light of the circumstances under which they were made, not misleading, in any material respect; provided, that with respect to any projected financial information, forecasts, estimates, or
forward-looking information, including that contained in the Construction Budget, the Construction Schedule, and the Base Case Forecast, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to
be reasonable at the time and the Borrower makes no representation as to the actual attainability of any projections set forth in the Base Case Forecast, the Construction Budget, the Construction Schedule, or any such other items listed in this
sentence. Without limiting the generality of the foregoing, no representation or warranty is made by the Borrower as to any information or material provided by the Independent Engineer, the Market Consultant or the Insurance Advisor (except to the
extent such information or material originated with the Borrower). 
  

	4.22	Insurance 

 All insurance required to be obtained by the Borrower pursuant to
Section 6.6 (Insurance; Events of Loss) and Schedule 6.6 has been obtained and is in full force and effect, and all premiums then due and payable on all such insurance have been paid. 

 

	4.23	Indebtedness 

 The Borrower has not incurred any Indebtedness other than Permitted
Indebtedness. 
  

	4.24	Material Adverse Effect 

 As of the Closing Date and the date of the Initial Advance, to
the Borrower’s Knowledge, there are no facts or circumstances which, individually or in the aggregate, have resulted or could reasonably be expected to result in a Material Adverse Effect. 

 

	4.25	Absence of Default 

 No Default or Event of Default has occurred and is continuing. 

  
 38 

	4.26	Real Property 

  

	 	(a)	The Borrower has good, legal and valid leasehold, sub-leasehold and other real property interests in the Site pursuant to the Real Property Documents, in each case as is necessary for the Development at the time this
representation and warranty is made or deemed repeated. The Borrower has the right to acquire all other leasehold and other real property interests, in each case, as will become necessary for the Development on or prior to the relevant date or
stage of the Development. The Borrower does not have any leasehold or other real property interests in any real property other than with respect to the Site. 

 

	 	(b)	The Borrower has a good and valid ownership interest, leasehold interest, sub-leasehold interest, license interest or other right of use in all other material property and material assets (tangible and intangible)
included in the Collateral under each Security Document that has been executed as of the date this representation is made or deemed repeated. Such ownership interest, leasehold interest, sub-leasehold interest, license interest or other rights
of use are and will be, together with any other assets or interests contemplated to be acquired pursuant to the Construction Budget and the Construction Schedule, sufficient to permit the Development in accordance with the Material Project
Documents. 

  

	4.27	Solvency 

 The Borrower is and, upon the incurrence of any Obligations, and after giving
effect to the transactions and the incurrence of Indebtedness in connection therewith, will be, Solvent. 
  

	4.28	Legal Name and Place of Business 

  

	 	(a)	The full and correct legal name, type of organization and jurisdiction of organization of the Borrower is: Sabine Pass Liquefaction, LLC, a limited liability company organized and existing under the laws of the State of
Delaware. 

  

	 	(b)	The Borrower has never changed its name. 

  

	 	(c)	On the Closing Date, the chief executive office of the Borrower is 700 Milam Street, Suite 1900, Houston, Texas 77002. 

  

	4.29	No Force Majeure 

 To the Knowledge of the Borrower, no event of force majeure or other
event or condition exists which (a) provides any Material Project Party the right to cancel or terminate any Material Project Document to which it is a party in accordance with the terms thereof, which cancellation or termination could
reasonably be expected to have a Material Adverse Effect, or (b) provides any Material Project Party the right to suspend its performance (or be excused of any liability) under any Material Project Document to which it is a party in accordance
with the terms thereof, which suspension (or excuse) 

  
 39 

 could reasonably be expected to (x) result in the Project failing to achieve (A) the
Train 1 DFCD under and as defined in the BG FOB Sale and Purchase Agreement on or before the BG DFCD Deadline, (B) the Date of First Commercial Delivery under and as defined in the GN FOB Sale and Purchase Agreement on or before the GN DFCD
Deadline, (C) the Date of First Commercial Delivery under and as defined in the KoGas FOB Sale and Purchase Agreement on or before the KoGas DFCD Deadline, (D) the Date of First Commercial Delivery under and as defined in the GAIL FOB Sale
and Purchase Agreement on or before the GAIL DFCD Deadline, (E) the Date of First Commercial Delivery under and as defined in the Centrica FOB Sale and Purchase Agreement on or before the Centrica DFCD Deadline, or (F) the Date of First
Commercial Delivery under and as defined in the Total FOB Sale and Purchase Agreement on or before the Total DFCD Deadline, or (y) materially impair the expected revenues of the Borrower under the FOB Sale and Purchase Agreements. 

 

	4.30	Ranking 

 The Financing Documents and the obligations evidenced thereby are and will at
all times be direct and unconditional general obligations of the Borrower, and, subject to Section 3.4(b) (Mandatory Prepayment of Secured Debt), rank and will at all times rank in right of payment and otherwise at least pari
passu with all Senior Debt, and senior in right of payment to all other Indebtedness of the Borrower whether now existing or hereafter outstanding. 
  

	4.31	Labor Matters 

 No labor problems or disturbances in connection with the Borrower or the
Project exist or, to the Knowledge of the Borrower, are threatened which could reasonably be expected to have a Material Adverse Effect. 
  

	4.32	OFAC 

  

	 	(a)	The use of the proceeds of the Facility Loans does not violate any Anti-Corruption Laws, Anti-Terrorism and Money Laundering Laws or OFAC Laws (to the extent applicable), and none of the Loan Parties, the Sponsor or any
of their respective Affiliates, nor, to the knowledge of the Loan Parties, any of their respective directors, officers or employees, is: 

  

	 	(i)	the target of sanctions under OFAC or by the US Department of State, the European Union or Her Majesty’s Treasury, to the extent applicable; 

 

	 	(ii)	an organization owned or controlled by a Person, entity or country that is the target of sanctions under OFAC or by the US Department of State, the European Union or Her Majesty’s Treasury, to the extent
applicable; or 

  

	 	(iii)	a Person located, organized or resident in a country or territory that is, or whose government is, the target of sanctions under OFAC or by the US Department of State, the European Union or Her Majesty’s Treasury,
to the extent applicable. 

  
 40 

	 	(b)	None of the Borrower, or any of its Affiliates, nor, to the Knowledge of the Borrower, the Sponsor or any of its Affiliates, any of their respective directors, officers, agents, employees or other persons acting on
behalf of them, is aware of or has taken any action, directly or indirectly, that would result in a violation by such entity of the Anti-Corruption Laws, Anti-Terrorism and Money Laundering Laws or OFAC Laws applicable to such Person.

  

	 	(c)	The Borrower has instituted and maintains policies and procedures designed to ensure continued compliance therewith in all material respects. 

 

	4.33	Accounts 

 Other than Permitted Investments held in accordance with the Accounts
Agreement for which the Borrower is a beneficiary, the Borrower does not have, and is not the beneficiary of, any bank account other than the Accounts and an account holding Escrowed Amounts (as defined in each of the EPC Contracts). 

 

	4.34	Operating Arrangements 

 The management, administration and operating-related
responsibilities delegated to the Manager and the Operator pursuant to the Management Services Agreement and the O&M Agreement, collectively, constitute all of the management, administration and operating-related obligations, respectively, of
the Borrower pursuant to the Transaction Documents. 
  

	4.35	No Condemnation 

 (a) On or before the Closing Date, no material casualty or material
condemnation of the Project has occurred or (in the case of material condemnation) is, to the Borrower’s Knowledge, threatened or pending, and (b) following the Closing Date, no material casualty or material condemnation of the Project has
occurred or (in the case of material condemnation) is, to the Borrower’s Knowledge, threatened or pending, in respect of which the Borrower does not have the right to repair, replace, rebuild or refurbish the property or assets subject to such
material casualty or material condemnation in accordance with Sections 5.08(c) and (d) (Insurance/Condemnation Proceeds Account) of the Accounts Agreement. 
  

	5.	CONDITIONS PRECEDENT TO CLOSING DATE, DRAWDOWNS OF SECURED DEBT AND PROJECT COMPLETION DATE 

  

	5.1	Conditions to Closing Date 

 The occurrence of the Closing Date and the effectiveness of
the Facility Commitments are subject to the satisfaction of each of: 

  
 41 

	 	(a)	the conditions precedent set forth in Schedule 5.1 (Conditions to Closing Date), in each case to the satisfaction of each of the Facility Lenders, unless, in each case, waived by each of the Facility
Lenders; and 

  

	 	(b)	with respect to each Facility Agreement, any additional conditions precedent to closing set forth in such Facility Agreement, in each case to the satisfaction of each of the applicable Facility Lenders, unless, in each
case, waived by each of the applicable Facility Lenders. 

  

	5.2	Conditions to Initial Advance 

 In addition to the conditions set forth in
Section 5.4 (Conditions to Each Advance), the obligation of each Facility Lender to make available its Initial Advance is subject to the satisfaction of each of: 
  

	 	(a)	the conditions precedent set forth in Schedule 5.2 (Conditions to Initial Advance), in each case to the satisfaction of each of the Facility Lenders, unless, in each case, waived by each of the Facility
Lenders; and 

  

	 	(b)	with respect to the relevant Facility Agreement, any additional conditions to the Initial Advance set forth in such Facility Agreement, in each case to the satisfaction of each of the applicable Facility Lenders,
unless, in each case, waived by each of the applicable Facility Lenders. 

  

	5.3	Conditions to Train 6 Initial Advance 

 In addition to the conditions set forth in
Section 5.4 (Conditions to Each Advance), the obligation of each Facility Lender to make available its Train 6 Initial Advance is subject to the satisfaction of each of: 

 

	 	(a)	the conditions precedent set forth in Schedule 5.3 (Conditions to Train 6 Initial Advance), in each case to the satisfaction of each of the Facility Lenders, unless, in each case, waived by each of the
Facility Lenders; and 

  

	 	(b)	any additional conditions to the Initial Advance set forth in the Train 6 Facility Agreement, to the satisfaction of each of the Train 6 Lenders, unless, in each case, waived by each of the Train 6 Lenders.

  

	5.4	Conditions to Each Advance 

 The obligation of each Facility Lender to make available any
Advance of Facility Debt is subject to the satisfaction of: 
  

	 	(a)	each of the conditions precedent set forth in Schedule 5.4 (Conditions to Each Advance), in each case to the satisfaction of: 

 

	 	(i)	in the case of the Initial Advance, each of the Facility Lenders, unless, in each case, waived by each of the Facility Lenders; and 

  
 42 

	 	(ii)	in the case of all Advances made after the Initial Advance, the Majority Aggregate Secured Credit Facilities Debt Participants, unless waived by the Majority Aggregate Secured Credit Facilities Debt Participants; and

  

	 	(b)	with respect to the relevant Facility Agreement, any additional conditions to each Advance set forth in such Facility Agreement have been satisfied or waived pursuant to the terms of such Facility Agreement.

  

	5.5	Conditions to Project Completion Date 

 The occurrence of the Project Completion Date is
subject to the satisfaction of each of the conditions precedent set forth in Schedule 5.5 (Conditions to Project Completion Date), in each case to the satisfaction of the Majority Aggregate Secured Credit Facilities Debt Participants,
unless, in each case, waived by the Majority Aggregate Secured Credit Facilities Debt Participants. 
  

	6.	AFFIRMATIVE COVENANTS 

 The Borrower covenants and agrees that until the Discharge Date,
it shall perform or observe (as applicable) the obligations set forth in this Section 6 in favor and for the benefit of the Secured Debt Holders other than (i) the Holders of Senior Bonds and (ii) each other Holder of Senior Debt if
and to the extent provided in the Senior Debt Instrument governing such Senior Debt. 
  

	6.1	Separateness 

 The Borrower shall comply at all times with the separateness provisions
set forth on Schedule 6.1. 
  

	6.2	Project Documents, Etc. 

  

	 	(a)	The Borrower shall (i) perform and observe in all material respects all of its covenants and obligations contained in each of the Material Project Documents, (ii) take all reasonable and necessary action to
prevent the termination or cancellation of any Material Project Document in accordance with the terms of such Material Project Documents or otherwise (except for the expiration of any such agreement in accordance with its terms and not as a result
of a breach or default thereunder), (iii) exercise any renewal options contained in the Subleases, and (iv) enforce against the relevant Material Project Party each material covenant or material obligation of each Material Project Document
to which such Person is a party in accordance with its terms. 

  

	 	(b)	 The Borrower shall cause all Cash Flows received from any Project Party or any other Person to be deposited in the applicable accounts specified in
Sections 5.01 (Equity Proceeds Account), 5.02 (Construction Account) and 5.03 (Revenue Account) of the Accounts Agreement, as applicable. Without limiting the Borrower’s obligation to procure all Consents, the Borrower
shall send a letter (on 

  
 43 

	 	
the Borrower’s letterhead and signed by an Authorized Officer of the Borrower) notifying each Material Project Party not party to a Consent (if applicable) (i) that its Material Project
Document and all associated documents and obligations have been pledged as collateral security to the Secured Parties and are subject to the Secured Parties’ Lien on such Property and (ii) if such Material Project Party’s Material
Project Document requires any payment of Cash Flows that, in addition to the assignment specified in clause (i) above, it shall pay all such “Cash Flows” directly into the Revenue Account. 

 

	 	(c)	Following the execution and delivery of any (i) Guaranty under and as defined in the KoGas FOB Sale and Purchase Agreement, (ii) Guaranty under and as defined in the GAIL FOB Sale and Purchase Agreement,
(iii) Guaranty under and as defined in the Centrica FOB Sale and Purchase Agreement or (iv) Guaranty under and as defined in the Train 6 FOB Sale and Purchase Agreements if Train 6 Debt has been incurred, the Borrower shall deliver to each
of the Facility Agents true and complete copies of (A) such Guaranty no later than (5) Business Days following the execution and delivery thereof, and (B) Consents of counterparties to such Guaranty, within a commercially reasonable
time, but in no event later than thirty (30) days following the execution and delivery of such Guaranty, in each case, each of which shall have been duly authorized, executed and delivered by the parties thereto. 

 

	6.3	Maintenance of Existence, Etc. 

  

	 	(a)	The Borrower shall preserve and maintain (i) its legal existence as a Delaware limited liability company and (ii) all of its material licenses, rights, privileges and franchises necessary for the Development.

  

	 	(b)	The Borrower shall at all times maintain its status as a partnership or an entity disregarded for U.S. federal, state and local income tax purposes. All of the owners of interests in the Borrower that are treated as
equity for U.S. federal income tax purposes will be United States persons within the meaning of Code Section 7701(a)(30). 

  

	6.4	Books and Records; Inspection Rights 

 The Borrower shall keep proper books of record in
accordance with GAAP and permit representatives and advisors of the Common Security Trustee, each Secured Debt Holder Group Representative or any Consultant, upon reasonable notice but no more than twice per calendar year (unless a Default or Event
of Default has occurred and is continuing), and at the cost and expense of, the Borrower, to visit and inspect its properties, to examine, copy or make excerpts from its books, records and documents and to make copies thereof or abstracts therefrom
(at the expense of the Borrower) and to discuss its affairs, finances and accounts with its principal officers, engineers and independent accountants, all at such times during normal business hours as such representatives may reasonably request.

  
 44 

	6.5	Compliance with Government Rules, Etc. 

  

	 	(a)	The Borrower shall comply or cause compliance, in all material respects, with, and ensure that the Project is constructed, operated and maintained in compliance, in all material respects, with, all material Government
Approvals and Government Rules applicable to the Development, including Environmental Laws. 

  

	 	(b)	The Borrower and its Affiliates shall comply in all respects with Anti-Terrorism and Money Laundering Laws and OFAC Laws. 

  

	 	(c)	The Borrower shall at all times obtain and maintain and use commercially reasonable efforts to cause third parties, as allowed pursuant to Government Rule, to obtain or maintain in full force and effect all material
permits, licenses, trademarks, patents, agreements or Government Approvals necessary for the Development. 

  

	 	(d)	The Borrower will not, and will procure that its Affiliates, directors and officers do not, directly or, to the Borrower’s Knowledge, indirectly, use the proceeds of the Facility Loans, or lend, contribute or
otherwise make available such proceeds to any subsidiary, joint venture partner or other Person: 

  

	 	(i)	in furtherance of an offer, payment, promise to pay or authorization of the payment or giving of money or anything else of value, to any Person in violation of any Anti-Terrorism and Money Laundering Laws,
Anti-Corruption Laws or OFAC Laws, to the extent applicable; 

  

	 	(ii)	to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose government is, the target of sanctions under OFAC or by the US Department of
State, the European Union or Her Majesty’s Treasury, to the extent applicable; or 

  

	 	(iii)	in any other manner that would result in a violation of any Anti-Terrorism and Money Laundering Laws, Anti-Corruption Laws or sanctions under OFAC or by the US Department of State, the European Union or Her
Majesty’s Treasury, to the extent applicable, by any Person (including any Person participating in the Facility Loans, whether as Facility Lender, Common Security Trustee or otherwise). 

 

	 	(e)	 The Borrower agrees that if it obtains Knowledge or receives any written notice that the Borrower, any Affiliate or any Person holding any legal or
beneficial interest whatsoever therein (whether directly or indirectly) is named on the OFAC SDN List or is otherwise subject to OFAC, US Department of State, European Union or Her Majesty’s Treasury sanctions (such occurrence, a
“Sanctions Violation”), the Borrower shall immediately (A) give written notice to the Common Security Trustee and each Secured Debt Holder Group Representative of such Sanctions Violation, and (B) comply with all
applicable laws with respect to such Sanction Violation (regardless of whether the party included on the OFAC 

  
 45 

	 	
SDN List is located within the jurisdiction of the United States of America), and the Borrower hereby authorizes and consents to the Common Security Trustee and each Secured Debt Holder Group
Representative (as the case may be) taking any and all steps the Common Security Trustee and each Secured Debt Holder Group Representative (as the case may be) deem necessary, in its sole discretion, to comply with all applicable laws governing such
sanctions with respect to any such Sanction Violation, including the “freezing” or “blocking” of assets and reporting such action to OFAC. 

  

	6.6	Insurance; Events of Loss. 

  

	 	(a)	Insurance Maintained by the Borrower, the EPC Contractor and the Operator. The Borrower shall (i) procure at its own expense and maintain in full force and effect and (ii) cause the EPC Contractor, the
Operator and each other Material Project Party, as applicable, to procure at such Person’s own expense and maintain in full force and effect, the insurance set forth on, and subject to the provisions of, Schedule 6.6 and any insurance
required to be maintained by such Person pursuant to its applicable Project Document. Upon request, the Borrower shall provide to the Common Security Trustee and each Secured Debt Holder Group Representative (with a copy to the Insurance Advisor)
evidence of the maintenance of such insurance. Prior to the expiration of any such insurance policy, the Borrower shall have delivered to the Common Security Trustee and each Secured Debt Holder Group Representative binders evidencing the commitment
of insurers to provide a replacement or renewal for such insurance policy together with evidence of the payment of all premiums then payable in respect of such insurance policies. Without limiting the obligations under Section 6.6(b), upon the
issuance, renewal or replacement of any insurance policy, and in any event not less than once per annum, the Borrower shall deliver to the Common Security Trustee and each Secured Debt Holder Group Representative a certificate of an Authorized
Officer of the Borrower, certifying that all such insurance policies are in full force and effect and in compliance with the requirements of this Section and Schedule 6.6 confirmed by the Insurance Consultant. 

 

	 	(b)	Insurance Certificates. Within ten (10) Business Days following the date that Notice to Proceed has been issued under the Stage 3 EPC Contract and, if applicable, the Stage 4 EPC Contract, the Borrower shall
deliver certificates of insurance evidencing the existence of all insurance then required to be maintained by the Borrower as set forth on Schedule 6.6 and any insurance required to be maintained by such Person pursuant to its applicable
Project Document and a certificate of an Authorized Officer of the Borrower setting forth the insurance obtained and stating that such insurance and, to his or her knowledge, all insurance required to be obtained by a Material Project Party pursuant
to a Material Project Document (A) has been obtained and in each case is in full force and effect, (B) that such insurance materially complies with the Financing Documents and (C) that all premiums then due and payable on all
insurance required to be obtained by the Borrower have been paid. 

  
 46 

	 	(c)	Certain Remedies. In the event the Borrower fails to obtain or maintain, or cause to be obtained and maintained, the full insurance coverage required by this Section 6.6, the Common Security Trustee may (but
shall not be obligated to) take out the required policies of insurance and pay the premiums on the same. All amounts so advanced by the Common Security Trustee shall become an Obligation and the Borrower shall forthwith pay such amounts to the
Common Security Trustee, together with interest from the date of payment by the Common Security Trustee at the Default Rate. 

  

	 	(d)	DSU Insurance. The Borrower shall, at the request of the Common Security Trustee in consultation with the Independent Engineer, exercise its option to file a claim under the Delayed Startup Insurance under any
EPC Contract (as described on Exhibit A to each Umbrella Insurance Agreement) in accordance with Section 9.3(A) (DSU Insurance) of the applicable the EPC Contract. 

 

	 	(e)	Flood Insurance. With respect to all Mortgaged Property located in a Special Flood Hazard Area, the Borrower will obtain and maintain at all times flood insurance for all Collateral located on such property as
may be required under the Flood Program and will provide to each Facility Lender evidence of compliance with such requirements as may be reasonably requested by such Facility Lender. The timing and process for delivery of such evidence will be as
set forth on Schedule 6.6. 

  

	6.7	Project Construction; Maintenance of Properties 

  

	 	(a)	 The Borrower shall construct and complete, operate and maintain the Project, and cause the Project to be constructed, operated and maintained, as
applicable, (A) consistent with Prudent Industry Practices and consistent in all material respects with applicable Government Rules, the EPC Contracts, the Construction Budget and the Construction Schedule, the Operating Manual, the other
Project Documents, and in accordance with the requirements for maintaining the effectiveness of the material warranties of the EPC Contractor and each subcontractor thereof (including equipment manufacturers), and (B) within, subject to the
following proviso, the then effective Operating Budget; provided, that the Borrower may (x) exceed in the aggregate for all Operating Budget Categories in any Operating Budget by twenty percent (20%) or less per line item of the
amount therefor and ten percent (10%) or less of the aggregate budgeted amount therefor, in each case, on an annual basis, but excluding, for purposes of calculating the foregoing allowable increases, amounts in the then effective Operating
Budget for Gas purchases, and (y) notwithstanding the foregoing, further exceed the Operating Budget and any Operating Budget Category thereof (I) with respect to payments under Gas purchase contracts for the Project, (II) as required by
Government Rule or for compliance with any Government Approval applicable to the Borrower or the Development (or to cure or remove the effect of 

  
 47 

	 	
any termination, suspension, or Impairment of any Government Approval), as described by the Borrower to the reasonable satisfaction of the Common Security Trustee and each Secured Debt Holder
Group Representative, or (III) to the extent required to respond to an emergency or accident, the failure to respond to which could reasonably be expected to create a significant risk of personal injury or physical damage to the Project or material
threat to the environment, in which case: 

  

	 	(i)	if the Borrower reasonably determines that there is sufficient time to do so prior to responding to any such emergency or accident, the Borrower shall substantiate the expenses expected to be incurred by the Borrower in
connection with such emergency or accident to the reasonable satisfaction of the Common Security Trustee and each Secured Debt Holder Group Representative; or 

  

	 	(ii)	if the Borrower reasonably determines that there is not sufficient time to take the actions described in clause (i) above prior to responding to any such emergency or accident, promptly following such emergency or
accident, the Borrower shall describe in writing to the Common Security Trustee and each Secured Debt Holder Group Representative the steps that were taken by the Borrower in respect of such emergency or accident and the expenses incurred by the
Borrower in connection therewith, all in reasonable detail. 

  

	 	(b)	The Borrower shall take such action as contemplated under Section 6.2(A)(12) (Change Orders Requested by Contractor) of each EPC Contract to avoid any delay with respect to the Guaranteed Substantial
Completion Dates for any train of the Project or a delay that would result in the date specified for Ready for Start Up in Attachment E to such EPC Contract for such train of the Project to occur less than four (4) months prior to the
Guaranteed Substantial Completion Date for such train. 

  

	 	(c)	In the event that any train of the Project fails to achieve the Performance Guarantee by the applicable Guaranteed Substantial Completion Date (each as defined in the applicable EPC Contract), the Borrower shall not,
without the consent of the Required Secured Parties (in consultation with the Independent Engineer), elect the option available to it under Section 11.4(A) (Minimum Acceptance Criteria and Performance Liquidated Damages) of such EPC
Contract. 

  

	 	(d)	In the event that any train of the Project fails to achieve the Minimum Acceptance Criteria (as defined in the applicable EPC Contract) and Substantial Completion upon the termination of the Minimum Acceptance Criteria
Correction Period (as defined in the applicable EPC Contract), the Borrower shall not, without the consent of the Required Secured Parties (in consultation with the Independent Engineer) elect the option available to it under Section 11.4(B)
(Minimum Acceptance Criteria and Performance Liquidated Damages) of such EPC Contract. 

  
 48 

	 	(e)	Unless the applicable Defect Correction Period (and any extension thereof) with respect to each Subproject (as such terms are defined in the applicable EPC Contract) has expired and the EPC Contractor has completed and
paid any warranty claims submitted by the Borrower with respect to such Subproject, the Borrower shall draw on the applicable EPC Letter of Credit at the time of any reduction thereof pursuant to Section 9.2.B (Irrevocable Standby Letter of
Credit) of the applicable EPC Contract in the amount of such reduction. 

  

	6.8	Taxes 

 The Borrower (or, for purposes of this Section 6.8, if it is a disregarded
entity for U.S. income tax purposes, its direct owner) shall pay and discharge all Taxes imposed on the Borrower or on its income or profits or on any of its Property prior to the date on which any penalties may attach; provided, that the
Borrower shall have the right to Contest the validity or amount of any such Tax. The Borrower (or, for purposes of this Section 6.8, if it is a disregarded entity for U.S. tax purposes, its owner) shall promptly pay any valid, final judgment
rendered upon the conclusion of the relevant Contest, if any, enforcing any such Tax and cause it to be satisfied of record. 
  

	6.9	Maintenance of Liens

  

	 	(a)	The Borrower shall grant a security interest in the Borrower’s interest in all Project assets and Project Documents acquired or entered into, as applicable, from time to time (except to the extent expressly
permitted to be excluded from the Liens created by the Security Documents pursuant to the terms thereof) and shall take, or cause to be taken, all action reasonably required to maintain and preserve the Liens created by the Security Documents to
which it is a party and the priority of such Liens. 

  

	 	(b)	The Borrower shall from time to time execute or cause to be executed any and all further instruments (including financing statements, continuation statements and similar statements with respect to any Security Document)
reasonably requested by the Common Security Trustee for such purposes. 

  

	 	(c)	The Borrower shall preserve and maintain good, legal and valid title to, or rights in, the Collateral free and clear of Liens other than Permitted Liens. 

 

	 	(d)	The Borrower shall promptly discharge at the Borrower’s cost and expense, any Lien (other than Permitted Liens) on the Collateral. 

 

	6.10	Use of Proceeds 

 The Borrower shall use the proceeds of the Secured Debt solely for
purposes permitted in the applicable Secured Debt Instruments. 

  
 49 

	6.11	Interest Rate Protection Agreements 

 The Borrower shall: 

 

	 	(a)	enter into and thereafter maintain in full force and effect, from time to time, one or more Interest Rate Protection Agreements on terms reasonably satisfactory to the Borrower and the Required Secured Parties
(A) with respect to no less than 45% (calculated on a weighted average basis) of the projected aggregate outstanding balance of the Facility Debt and Additional Secured Debt, no later than forty-five (45) days following each of
(i) the Closing Date and (ii) the incurrence of Train 6 Debt, and (B) with respect to no less than 65% (calculated on a weighted average basis) of the projected aggregate outstanding balance of the Facility Debt and Additional Secured
Debt, no later than ninety (90) days following each of (i) the Closing Date and (ii) the incurrence of Train 6 Debt, in each case, for a term of no less than five (5) years (provided, however, for purposes of calculating
such percentage in the foregoing Clauses (A) and (B), any such Secured Debt which bears a fixed interest rate shall be deemed subject to an Interest Rate Protection Agreement); 

 

	 	(b)	ensure that each Interest Rate Protection Agreement entered into pursuant to clause (a) above is in compliance with the terms of the Hedging Program; and 

 

	 	(c)	enter into additional Interest Rate Protection Agreements as and when required in accordance with the terms of the Hedging Program and otherwise comply in all material respects with the Hedging Program.

  

	6.12	Operating Budget 

  

	 	(a)	 No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days
prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the
Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and each Secured Debt Holder Group Representative with a copy
of such operating plan and budget (the “Operating Budget”). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of
such Operating Budget, and shall become effective upon approval of the Common Security Trustee, acting reasonably and in consultation with the Independent Engineer; provided, that if the Common Security Trustee shall not have approved or
disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided further that the Common Security Trustee shall have neither the right nor
the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective 

  
 50 

	 	
annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply;
provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase
contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such
proposed Operating Budget. 

  

	 	(b)	Each Operating Budget delivered pursuant to this Section 6.12 shall contain Operating Budget Categories, and shall specify for each Fiscal Quarter and for each such Operating Budget Category the amount budgeted for
such category for such Fiscal Quarter. 

  

	 	(c)	Each Operating Budget may only be amended with the prior written consent of the Common Security Trustee (in consultation with the Independent Engineer), which consent shall not be unreasonably withheld, conditioned, or
delayed. 

  

	6.13	Other Documents and Information 

 The Borrower shall furnish the Common Security Trustee
(with sufficient copies for each Secured Debt Holder Group Representative): 
  

	 	(a)	promptly after the filing thereof, a copy of each filing made by (i) the Borrower with FERC with respect to the Project; or (ii) the Borrower with DOE/FE with respect to the export of LNG from, or the import
of LNG to, the Project, except in the case of (i) or (ii) such as are routine or ministerial in nature; 

  

	 	(b)	promptly after obtaining Knowledge thereof, a copy of each filing with respect to (i) the Project made with FERC by any Person other than the Borrower in any proceeding before FERC in which the Borrower is the
captioned party or respondent, except for such filings as are routine or ministerial in nature, or (ii) the import of LNG to, or the export of LNG from, the Project made with DOE/FE by any Person other than the Borrower in any proceeding before
DOE/FE in which the Borrower is the captioned party or respondent, except for such filings as are routine or ministerial in nature; 

  

	 	(c)	promptly after the filing thereof, a copy of each filing, certification, waiver, exemption, claim, declaration, or registration made with respect to Government Approvals to be obtained or filed by the Borrower with any
Government Authority, except such filings, certifications, waivers, exemptions, claims, declarations, or registrations that are routine or ministerial in nature and in respect of which a failure to file could not reasonably be expected to have a
Material Adverse Effect; 

  
 51 

	 	(d)	promptly after receipt or publication thereof, a copy of each Government Approval obtained by the Borrower; and 

  

	 	(e)	promptly upon obtaining Knowledge thereof, a description of each change in the status of any Government Approval identified on Schedule 4.6(a) and Schedule 4.6(b) (including notice of any judicial appeal
having been filed) other than routine or ministerial changes. 

  

	6.14	Train 6 Debt; Independent Engineer 

 In the event Train 6 Debt is incurred, the Borrower
shall provide to the Common Security Trustee and each Secured Debt Holder Group Representative a copy of any report from the Independent Engineer and any other consultant that the Holders of such Train 6 Debt are entitled to receive. 

 

	6.15	Debt Service Coverage Ratio 

  

	 	(a)	The Borrower shall not permit the Debt Service Coverage Ratio as of the end of any Fiscal Quarter from and following the Initial Quarterly Payment Date to be less than 1.15 to 1.00. Not later than ten (10) Business
Days following the last day of each Fiscal Quarter following the Initial Quarterly Payment Date, the Borrower shall calculate and deliver to the Common Security Trustee its calculation of the Debt Service Coverage Ratio. The Common Security Trustee
shall notify the Borrower in writing of any reasonable corrections which should be made to such Debt Service Coverage Ratio calculations, within ten (10) Business Days of receipt. Borrower shall incorporate all such reasonable
corrections, changes or adjustments consistent with the terms of this Agreement. 

  

	 	(b)	Notwithstanding anything in Section 6.15(a) to the contrary, in the event that the Debt Service Coverage Ratio as of the end of any Fiscal Quarter following the Initial Quarterly Payment Date is less than 1.15 to
1.00 but greater than 1.00 to 1.00, any direct or indirect owner of the Borrower shall have the right to provide cash to the Borrower, not later than ten (10) Business Days following the date of delivery of the calculation of the Debt Service
Coverage Ratio as required pursuant to Section 6.15(a) in the form of equity contributions or subordinated shareholder loans (in each case as otherwise permitted pursuant to the terms of the Financing Documents), in order to increase the Debt
Service Coverage Ratio to 1.15 to 1.00; provided, that such right shall not be exercised more than two (2) consecutive Fiscal Quarters nor, with respect to each Secured Debt Instrument, more than four (4) times over the term of such
Secured Debt Instrument. 

  

	6.16	Further Assurances; Cooperation 

  

	 	(a)	The Borrower shall promptly perform or cause to be performed any and all acts and execute or cause to be executed any and all documents (including UCC financing statements and UCC continuation statements):

  
 52 

	 	(i)	as are reasonably requested by the Common Security Trustee for filing under the provisions of the UCC or any other Government Rule that are necessary or reasonably advisable to maintain in favor of the Common Security
Trustee, for the benefit of the Secured Parties, Liens on the Collateral that are duly perfected in accordance with all applicable Government Rules for the purposes of perfecting the first priority Lien (subject to Permitted Liens) created, or
purported to be created, in favor of the Common Security Trustee or the Secured Parties under this Agreement or any other Financing Documents; 

  

	 	(ii)	as are reasonably requested by the Common Security Trustee for the purposes of ensuring the validity, enforceability and legality of this Agreement or any other Financing Document and the rights of the Secured Parties
and the Common Security Trustee hereunder or thereunder; 

  

	 	(iii)	as are reasonably requested by the Common Security Trustee for the purposes of enabling or facilitating the proper exercise of the rights and powers granted to the Secured Parties and the Common Security Trustee under
this Agreement or any other Financing Document; or 

  

	 	(iv)	as are reasonably requested by the Common Security Trustee to carry out the intent of, and transactions contemplated by, this Agreement and the other Financing Documents. 

 

	 	(b)	The Borrower will cooperate with and provide all necessary information available to it on a timely basis to the Consultants so that the Consultants may complete and deliver the reports as required herein.

  

	6.17	Auditors 

 The Borrower shall engage KPMG LLP (or such other independent certified public
accountants of recognized national standing) as auditors to audit financial statements. 
  

	6.18	Surveys and Title Policies 

  

	 	(a)	Survey. The Borrower shall, no later than sixty (60) days following Final Completion, deliver to the Common Security Trustee the “as built” Survey. 

 

	 	(b)	Title Policy. The Borrower shall cause the Title Company to deliver to the Common Security Trustee a Disbursement Endorsement dated no later than sixty (60) days following Substantial Completion of each
train of the Project. 

  

	6.19	Working Capital Debt 

 If the Borrower incurs any Working Capital Debt pursuant to
Section 2.4 (Working Capital Debt), it shall use commercially reasonable efforts to ensure that the maturity 

  
 53 

 date of such Working Capital Debt (but excluding for purposes thereof, any LC Loans (as defined
in the Working Capital Facility Agreement) issued thereunder with maturity dates of 365 days or less) shall not occur prior to the Final Maturity Date. 
  

	6.20	Debt Service Reserve Amount 

  

	 	(a)	Prior to the making of each Restricted Payment (other than any Sponsor Case Restricted Payments and Additional Equity Distributions) and, in any event, no later than six (6) months following the Project Completion
Date, the Borrower shall have deposited in the Senior Debt Facilities Debt Service Reserve Account an amount equal to the Required Debt Service Reserve Amount. 

  

	 	(b)	Prior to the making of each Sponsor Case Restricted Payment and Additional Equity Distribution prior to the Project Completion Date, the Borrower shall have deposited in the Senior Debt Facilities Debt Service Reserve
Account an amount equal to the Sponsor Case Required Debt Service Amount (as defined in the Accounts Agreement). 

  

	6.21	Certain Agreements 

 Within ninety (90) days after the Closing Date, the Borrower
shall deliver to the Common Security Trustee (i) amendments to each of the O&M Agreement and the Management Services Agreement to incorporate provisions necessary to allow Operator and Manager, respectively, to perform their duties
thereunder with respect to the fifth liquefaction train (and at the Borrower’s, Operator’s and Manager’s discretion, a sixth liquefaction train) of the Project, which amendments shall be in form and substance reasonably satisfactory
to the Common Security Trustee and (ii) documents specified in (a)-(e) of the definition of “Ancillary Documents” with respect to such amendments. 
  

	7.	NEGATIVE COVENANTS 

 The Borrower covenants and agrees that until the Discharge Date, it
shall perform or observe (as applicable) the obligations set forth in this Section 7 in favor and for the benefit of the Secured Debt Holders other than (i) the Holders of Senior Bonds and (ii) each other Holder of Senior Debt if and
to the extent provided in the Senior Debt Instrument governing such Senior Debt. 
  

	7.1	[Reserved] 

  

	7.2	Prohibition of Fundamental Changes 

  

	 	(a)	The Borrower shall not change its legal form, amend its Amended and Restated Limited Liability Company Agreement (except any amendments in connection with permitted sales or transfers of ownership interests in the
Borrower or other immaterial amendments, provided, that the Borrower shall have delivered to the Common Security Trustee a copy of such amendment together with a certificate of an Authorized Officer of the Borrower certifying that no changes
have been 

  
 54 

 made to the Amended and Restated Limited Liability Company Agreement other than such changes as
are necessary solely to reflect the change in ownership or that any other change is immaterial) or any other Organic Document, merge into or consolidate with, or acquire (in one transaction or series of related transactions) all or any business, any
class of stock of (or other equity interest in) or any material part of the assets or property of any other Person and shall not liquidate, wind up, reorganize, terminate or dissolve. 

 

	 	(b)	The Borrower shall not convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any assets in excess of sixty-five million Dollars ($65,000,000) per year except:
(i) sales or other dispositions of assets no longer used or useful in the Borrower’s business in the ordinary course of the Borrower’s business and that could not reasonably be expected to result in a Material Adverse Effect,
(ii) sales or other dispositions of LNG (or other commercial products) in accordance with the Project Documents or as permitted in accordance with Section 7.20 (Gas Purchase Contracts and LNG Sales Contracts),
(iii) sales, transfers or other dispositions of Permitted Investments, (iv) Restricted Payments made in accordance with the Financing Documents, (v) sales of Services in the ordinary course of business, (vi) transfers or
novations of Interest Rate Protection Agreements in accordance with Section 3.5 (Termination of Interest Rate Protection Agreement in Connection with Any Prepayment), (vii) sales or other dispositions of the Improved Facilities (as
defined in the Cooperation Agreement), and (viii) conveyance to gas transmission companies of gas interconnection or metering facilities built using Development Expenditures permitted by Section 7.6 (Development Expenditures).

  

	 	(c)	The Borrower shall not permit the Project or any material portion thereof to be removed, demolished or materially altered, unless (A) such material portion that has been removed, demolished or materially altered
has been replaced or repaired as permitted under the Financing Documents, or (B) such removal or alteration is (x) in accordance with Prudent Industry Practices (as certified by the Independent Engineer, acting reasonably) and could not
reasonably be expected to result in a Material Adverse Effect or (y) required by applicable Government Rule. 

  

	7.3	Nature of Business 

  

	 	(a)	The Borrower shall not engage in any business or activities other than the Development and activities related to the development, construction, operation and maintenance of equipment and infrastructure providing for the
loading and transportation by commercial trucking vehicles of LNG produced at the Site in excess of (or in the case of (ii) and (iii), subsumed by) amounts required to serve (i) the Foundation Customers (pursuant to and as defined in the
FOB Sale and Purchase Agreements), (ii) Cheniere Marketing LLC under the CMI LNG Sale and Purchase Agreements and (iii) Cheniere Marketing International LLP under the Cheniere Marketing LNG Sale and Purchase Agreement, provided that such
amounts are permitted to be sold under such agreements, and, and any activities incidental thereto using equity funds provided by the Pledgor which are in 

  
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 addition to any equity funds provided to the Borrower on or prior to the Closing Date.
Notwithstanding anything to the contrary contained in this Agreement, prior to the date of the incurrence of any Train 6 Debt, the Borrower shall not enter into any construction contracts with respect to the Train 6 Development, that contain
obligations and liabilities which, in the aggregate, are in excess of twenty million Dollars ($20,000,000). 
  

	 	(b)	The Borrower shall not permit to exist any Subsidiary of the Borrower. 

  

	 	(c)	The Borrower shall not sponsor, maintain, administer, or have any obligation to contribute to, or any liability under, any Plan or Multiemployer Plan or plan that provides for post-retirement welfare benefits.

  

	7.4	Performance Tests and Liquidated Damages 

 The Common Security Trustee, each Secured Debt
Holder Group Representative and the Independent Engineer shall have the right to witness and verify each Performance Test. The Borrower shall not: 
  

	 	(a)	permit any Performance Test to be performed without giving the Common Security Trustee, each Secured Debt Holder Group Representative and the Independent Engineer at least five (5) Business Days prior written
notice of such Performance Test (or such shorter period as agreed by the Independent Engineer); or 

  

	 	(b)	agree to the amount of any Performance Liquidated Damages and Delay Liquidated Damages that are in excess of fifteen million Dollars ($15,000,000) without the prior written approval of the Common Security Trustee,
acting reasonably and in consultation with the Independent Engineer. 

  

	7.5	Restrictions on Indebtedness 

 The Borrower shall not directly or indirectly create,
incur, assume, permit, suffer to exist or otherwise be or become liable with respect to any Indebtedness except for the Permitted Indebtedness. 
  

	7.6	Development Expenditures 

 The Borrower shall not make any Development Expenditures
except Permitted Development Expenditures. All assets or property built or acquired with Development Expenditures shall constitute Collateral except as provided in the Cooperation Agreement, the Water Agreement or the Security Documents or for
contributions in aid of construction in connection with gas interconnection or metering facilities under gas interconnection or metering agreements. 

  
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	7.7	Restricted Payments 

 The Borrower shall not make or agree to make, directly or
indirectly, (a) any Restricted Payments (other than any Sponsor Case Restricted Payments and Additional Equity Distributions) except as permitted under Section 5.10 (Distribution Account) of the Accounts Agreement, (b) any
Sponsor Case Restricted Payments except as permitted under Section 5.01(c)(iv) (Withdrawals from the Equity Proceeds Account) of the Accounts Agreement or (c) any Additional Equity Distributions except as permitted under
Section 5.01(c)(v) (Withdrawals from the Equity Proceeds Account) of the Accounts Agreement. 
  

	7.8	Limitation on Liens 

 The Borrower shall not create, assume, incur, permit or suffer to
exist any Lien upon the Collateral, whether now owned or hereafter acquired, except for the Permitted Liens. 
  

	7.9	Project Documents, Etc. 

  

	 	(a)	The Borrower shall not, without the prior written consent of the Required Secured Parties in consultation with the Independent Engineer, (i) suspend, cancel or terminate any Material Project Document or Government
Approval applicable to the Borrower or the Development or consent to or accept any cancellation or termination thereof, (ii) sell, transfer, assign (other than pursuant to the Security Documents and other than any assignment by Cheniere LNG
O&M Services, LLC of its rights and obligations under the O&M Agreement by the Manager of its rights and obligations under the Management Services Agreement, in each case to an Affiliate of Borrower that has access to sufficient experienced
personnel to perform their respective obligations thereunder) or otherwise dispose of (by operation of law or otherwise) or consent to any such sale, transfer, assignment or disposition of any part of its interest in or rights or obligations under
or any Material Project Party’s interest in or rights or obligations under any Material Project Document or Government Approval (other than the sub-license of any EPC Contract-related intellectual property rights to an Affiliate of the Borrower
and other than the collateral assignment pursuant to the CCTPL Consent Agreement), (iii) waive any material default under, or material breach of, any Material Project Document or waive, forgive, compromise, settle or release any material right,
interest or entitlement, howsoever arising, under, or in respect of, any Material Project Document, (iv) initiate or settle a material arbitration proceeding under any Material Project Document or Government Approval, (v) agree to or
petition, request or take any other material legal or administrative action that seeks, or could reasonably be expected, to Impair any Material Project Document or Government Approval, (vi) amend, supplement or modify or in any way vary, or
agree to the variation of, any material provision of the FOB Sale and Purchase Agreements, the EPC Contracts or the Sabine Pass TUA or any material Government Approval (provided that the Borrower may (x) amend or modify any conditions of
such Government Approvals so long as such amendment or modification is not materially more restrictive or onerous on the Borrower and 

  
 57 

 could not otherwise reasonably be expected to have a Material Adverse Effect, or (y) seek
the satisfaction or waiver of such conditions without the prior written consent of the Required Secured Parties) or of the performance of any material covenant or obligation by any other Person under any such agreement (other than Change Orders,
which Change Order protocol is addressed in Section 7.13 (EPC and Construction Contracts)) or (vii) materially amend, supplement or modify or in any material way vary, or agree to the material variation of, any material provision of
a Material Project Document (other than the FOB Sale and Purchase Agreements, the EPC Contracts and the Sabine Pass TUA) or of the performance of any material covenant or obligation by any other Person under any such Material Project Document. 

 

	 	(b)	Except for (i) any documents relating to Working Capital Debt entered into upon satisfaction of the conditions set forth in Section 2.4 (Working Capital Debt), (ii) any documents relating to PDE
Debt entered into upon satisfaction of the conditions set forth in Section 2.5 (PDE Debt), and (iii) any documents relating to Replacement Debt entered into upon satisfaction of the conditions set forth in Section 2.6
(Replacement Debt), the Borrower shall not enter into any Additional Material Project Document without the prior written consent of the Required Secured Parties, provided, that (A) the Borrower shall, in connection with its
request for the written consent of the Required Secured Parties, deliver to the Common Security Trustee and each Secured Debt Holder Group Representative copies of all such proposed Additional Material Project Documents not less than five
(5) Business Days prior to the proposed execution thereof and (B) all Ancillary Documents relating to any such Additional Material Project Document have been agreed upon in form and substance satisfactory to the Common Security Trustee
prior to the Borrower entering into any such proposed Additional Material Project Document. 

  

	 	(c)	Without prejudice to Section 7.9(a) (Project Documents, Etc.), the Borrower shall not, without the prior written consent of the Required Secured Parties: (i) prior to the incurrence of the Train 6 Debt,
amend, supplement or modify or in any way vary, or agree to the variation of, any provision of any of the Train 6 FOB Sale and Purchase Agreements or of the performance of any covenant or obligation by any other Person under any of the Train 6 FOB
Sale and Purchase Agreements, in each case to the extent that any such amendment, supplement, modification, or variation could have a materially negative impact on the ability of the Borrower to perform its material obligations or satisfy any
material condition under any Transaction Document, or could otherwise reasonably be expected to have a Material Adverse Effect, (ii) prior to the incurrence of the Train 6 Debt, waive any Condition Precedent (under and as defined in the
applicable Train 6 FOB Sale and Purchase Agreement), or (iii) agree to any early termination or amendment, modification, or variation of any provision of the Total TUA or of the performance of any covenant or obligation by any other Person
under the Total TUA, which, amendment, modification or variation could reasonably be expected to have a Material Adverse Effect. 

  
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	 	(d)	Without derogating from any of the obligations of the Borrower hereunder and under the other Financing Documents, the Borrower shall furnish the Common Security Trustee, the Independent Engineer and each Secured Debt
Holder Group Representative with (i) all Project Documents which contain obligations or liabilities that are in excess of two million Dollars ($2,000,000) per year or ten million Dollars ($10,000,000) over its term promptly after execution
thereof and (ii) promptly after the execution thereof, certified copies of all amendments, supplements or modifications of any Material Project Documents and any material amendments, supplements or modifications of any Project Document that
contains obligations or liabilities that are in excess of two million Dollars ($2,000,000) per year or ten million Dollars ($10,000,000) over its term. 

  

	 	(e)	The Borrower shall take all actions required and all other steps reasonably requested by the Common Security Trustee to cause each Material Project Document and Additional Material Project Document entered into after
the Closing Date to be or become subject to the Lien of the Security Documents (whether by amendment to any Security Document or otherwise) and deliver or cause to be delivered to the Common Security Trustee all Ancillary Documents related thereto,
in each case, within a commercially reasonable time, but in no event later than thirty (30) days following the execution of such Material Project Documents or Additional Material Project Document. 

 

	 	(f)	The Borrower shall not permit any counterparty to a Material Project Document to substitute, diminish or otherwise replace any performance security, letter of credit or guarantee supporting such counterparty’s
obligations thereunder. 

  

	7.10	Terminal Use Agreements 

 The Borrower shall not issue to Cheniere Energy Investments,
LLC any notice pursuant to the Terminal Use Rights Assignment and Agreement specifying the Liquefaction Start Date (as defined therein) unless on or prior to such specified Liquefaction Start Date, the Borrower shall be entitled to begin to receive
payment of Monthly Sales Charges. 
  

	7.11	Transactions with Affiliates 

 The Borrower shall not directly or indirectly enter into
any transaction that is otherwise permitted hereunder with or for the benefit of an Affiliate (including guarantees and assumptions of obligations of an Affiliate) except (a) Project Documents executed on or prior to the Closing Date,
(b) agreements required or contemplated by the Material Project Documents, (c) Permitted Indebtedness that is Subordinated Indebtedness, (d) to the extent required by applicable Government Rule, and (e) agreements entered into on
terms no less favorable to the Borrower than the Borrower would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate of a Loan Party or if there is no comparable arm’s length transaction, then on terms
reasonably determined by the Board of Managers of the Borrower to be fair and reasonable. 

  
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	7.12	Accounts 

  

	 	(a)	Other than Permitted Investments held in accordance with the Accounts Agreement for which the Borrower is a beneficiary, the Borrower shall not open or maintain, or permit or instruct any other Person to open or
maintain on its behalf, or use or be the beneficiary of any account other than the Accounts and an account holding Escrowed Amounts (as defined in each EPC Contract). 

 

	 	(b)	The Borrower shall not change the name or account number of any of the Accounts without the prior written consent of the Common Security Trustee. 

 

	7.13	EPC and Construction Contracts 

  

	 	The	Borrower shall not: 

  

	 	(a)	except for Change Orders specified in Schedule 7.13, initiate or consent to (without the consent of the Required Secured Parties in consultation with the Independent Engineer) any Change Order that:

  

	 	(i)	increases the contract price of any of the EPC Contracts as of the Closing Date; provided, that: 

  

	 	(A)	the Borrower may, without the consent of the Required Secured Parties and subject to clauses (ii) through (xi) of this Section 7.13(a), enter into any Change Order or make payment of any claim under any
of the EPC Contracts, if (aa) the amount of any such Change Order or payment is less than twenty-five million Dollars ($25,000,000) and the aggregate of all such Change Orders or payments with respect to such EPC Contract (together with any Change
Orders under the EPC Contracts entered into after the Closing Date) is less than one hundred million Dollars ($100,000,000) and (bb) the Common Security Trustee and each Secured Debt Holder Group Representative has received an IE Confirming
Certificate; 

  

	 	(B)	if an event of Force Majeure or Change in Law (as each such term is described in the respective EPC Contract) prompts the EPC Contractor to request a Change Order to which it is entitled under the terms of the
applicable EPC Contract, the Borrower shall be entitled to authorize such change without first obtaining the consent of the Required Secured Parties if the amount of such change is within the remaining Contingency set forth in the Construction
Budget, or to the extent that such amount exceeds the remaining Contingency, the Borrower has an additional source of funds for such excess amount in addition to any equity funds received on or prior to the Closing Date on terms reasonably
satisfactory to the Common Security Trustee, provided, further, that any such change shall be subject to clauses (ii) through (xi) of this Section 7.13(a); and 

  
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	 	(C)	the Borrower may enter into any Change Order under any of the EPC Contracts for amounts in excess of the amounts specified in clause (a)(i)(A) above but subject to clauses (ii) through (xi) of this
Section 7.13(a); provided, that with respect to this clause (C): 

  

	 	(1)	the Borrower or any other Person on behalf of the Borrower shall have transferred to the Common Security Trustee for deposit into the Construction Account equity funds provided by the Pledgor or the Sponsor in an amount
that is in addition to any equity funds provided to the Borrower on or prior to the Closing Date and otherwise sufficient to pay the maximum amount that may become due and payable pursuant to such Change Order, provided further, that
no such deposit shall be required in connection with any such Change Order, the amount and subject matter of which is included as an unallocated Contingency line item or which constitutes a utilization of any portion of the unallocated Contingency
reflected in the Construction Budget; and 

  

	 	(2)	the Common Security Trustee shall have received an IE Confirming Certificate; 

  

	 	(ii)	extends the Guaranteed Substantial Completion Date for any train of the Project (except as permitted by clause (b) of the definition of the Guaranteed Substantial Completion Date) or could reasonably be expected to
materially adversely affect the likelihood of achieving Substantial Completion for any train of the Project by such date; 

  

	 	(iii)	except as a result of a buydown of the Performance Guarantees pursuant to Section 11.4 (Minimum Acceptance Criteria and Performance Liquidated Damages) of the relevant EPC Contract which is otherwise
permitted pursuant to the terms hereof or as a result of a Change Order to which the EPC Contractor is entitled under such EPC Contract for a Change in Law (as defined in such EPC Contract) (and provided that the Independent Engineer consents
(which consent shall not be unreasonably withheld, conditioned or delayed) to the Borrower’s consent to such Change Order pursuant to Section 6.2.C of such EPC Contract), modifies the Performance Guarantees, any other performance guarantee
of the EPC Contractor or the criteria or procedures for the conduct or measuring the results of the Performance Tests (as each capitalized term used in this clause and not otherwise defined in this Agreement is defined in such EPC Contract);

  
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	 	(iv)	adjusts the Payment Schedules (other than as a result of a Change Order permitted by Section 7.13(a)(i) above or as otherwise permitted by this Agreement), adjusts the amount of or timing (including, without
limitation, any adjustment of the Schedule Bonus Date for SP1, the Schedule Bonus Date for SP2, the Schedule Bonus Date for SP3 or the Schedule Bonus Date for SP4, but, unless and until Train 6 Debt has been incurred, excluding the Schedule Bonus
Date for SP5 and, after the incurrence of Train 6 Debt, excluding the Schedule Bonus Date for SP6 under Section 13.2 (Schedule Bonus) of the applicable EPC Contract) for payment of the Schedule Bonus (as each such term is defined in the
applicable EPC Contract), or otherwise agree to any additional bonus to be paid to the EPC Contractor (but, unless and until Train 6 Debt has been incurred, excluding the Schedule Bonus Date for SP5 under Section 13.2.B (Schedule Bonus)
of the Stage 3 EPC Contract, and after the incurrence of Train 6 Debt, excluding the Schedule Bonus Date for SP6 under Section 13.2 (Schedule Bonus) of the Stage 4 EPC Contract); provided, that any adjustment of the Schedule Bonus
Date for, prior to the incurrence of Train 6 Debt, SP4 and, from and after the incurrence of Train 6 Debt, SP5 shall be permitted without the consent of the Required Secured Parties if the revenues received by the Borrower from the operation of the
first four trains or five trains, respectively, of the Project prior to Substantial Completion of the fifth train or sixth train, respectively, of the Project are equal to or greater than the revenues projected to be received during such period
under the Construction Budget (in each case, after giving effect to the payment of such additional bonus which shall be paid solely from such revenues); 

  

	 	(v)	causes any material component or material design feature or aspect of the Project to materially deviate in any fundamental manner from the description thereof set forth in the schedules, exhibits, appendices or annexes
to the relevant EPC Contract (other than as the result of a Change Order which is permitted by Section 7.13(a)(i) above or otherwise permitted by this Agreement); 

 

	 	(vi)	except as a result of a Change Order to which the EPC Contractor is entitled under the relevant EPC Contract for a Change in Law (as defined in such EPC Contract) or force majeure (and provided that the
Independent Engineer consents (which consent shall not be unreasonably withheld, conditioned or delayed) to the Borrower’s consent to such force majeure Change Order pursuant to Section 6.2.C of such EPC Contract), diminishes or otherwise
alters in any material respect the EPC Contractor’s liquidated damages obligations under the EPC Contract; 

  

	 	(vii)	except as a result of a Change Order to which the EPC Contractor is entitled under the relevant EPC Contract for a Change in Law (as defined in such EPC Contract) or force majeure (and provided that the

  
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 Independent Engineer consents (which consent shall not be unreasonably withheld, conditioned or
delayed) to the Borrower’s consent to such force majeure Change Order pursuant to Section 6.2.C of such EPC Contract), waives or alters the provisions under the relevant EPC Contract relating to default, termination or suspension or the
waiver by the Borrower of any event that, with the giving of notice or the lapse of time or both, would entitle the Borrower to terminate such EPC Contract, provided that the Independent Engineer’s consent shall not be required for any
waiver by the EPC Contractor of any termination right arising from such force majeure; 
  

	 	(viii)	except as a result of a Change Order to which the EPC Contractor is entitled under the relevant EPC Contract for a Change in Law (as defined in such EPC Contract), adversely modifies or impairs the enforceability of any
warranty under such EPC Contract; provided, that this clause shall not preclude the Borrower from waiving warranties with respect to immaterial items comprising the Work under such EPC Contract; 

 

	 	(ix)	except as a result of a Change Order to which the EPC Contractor is entitled under the relevant EPC Contract for a Change in Law (as defined in such EPC Contract) (and provided that the Independent Engineer
consents (which consent shall not be unreasonably withheld, conditioned or delayed) to the Borrower’s consent to such Change Order pursuant to Section 6.2.C of such EPC Contract), impairs the ability of the Project to satisfy the
Performance Tests; 

  

	 	(x)	results in the revocation or adverse modification of any material Government Approval; or 

  

	 	(xi)	causes the Project not to comply in all material respects with applicable Government Rule or the Borrower’s Contractual Obligations; 

 

	 	(b)	approve any plan under Article 11 (Completion) of any of the EPC Contracts without the consent of the Common Security Trustee (in consultation with the Independent Engineer); provided, however, that
the Common Security Trustee shall use reasonable efforts to promptly review all relevant documentation provided to it by the Borrower (and shall request the Independent Engineer to do the same); 

 

	 	(c)	certify to, consent to or otherwise request or permit through a Change Order or otherwise without the consent of the Common Security Trustee (in consultation with the Independent Engineer) the occurrence of Substantial
Completion or Ready for Start Up with respect to each train of the Project, or make any election to take care, custody and control of the Project (or any portion thereof) pursuant to Section 11.4.B (Minimum Acceptance Criteria and
Performance Liquidated Damages) (or any other provision thereof) of any of the EPC Contracts; provided, however, that the Common Security Trustee shall use reasonable efforts to promptly review all relevant documentation provided to it
(directly or indirectly) by the Borrower (and shall request the Independent Engineer to do the same); 

  
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	 	(d)	collect on an EPC Letter of Credit under Section 7.8 (Procedure for Withholding, Offset and Collection on the Letter of Credit) of any of the EPC Contracts unless there are no future payments owed to the EPC
Contractor against which the Borrower may offset the amounts due to the Borrower under such Section 7.8; or 

  

	 	(e)	without consent of the Common Security Trustee (in consultation with the Independent Engineer not to be unreasonably withheld, conditioned or delayed): 

 

	 	(i)	initiate or consent to any (A) Change Order that directly or indirectly specifies the capital spare parts to be delivered to the Site by the EPC Contractor pursuant to Section 3.4.B (Capital Spare
Parts) of the Stage 1 EPC Contract, taking into account any other capital spare parts that the Borrower intends to acquire directly, or (B) material change to a two (2) year inventory of such capital spare parts; or 

 

	 	(ii)	consent to any initial integration plan proposed by the EPC Contractor under Section 3.25.B (Scheduled Activities) of any of the EPC Contracts. 

 

	7.14	GAAP 

 The Borrower shall not change (i) its accounting or financial reporting
policies other than as permitted in accordance with GAAP, or (ii) its Fiscal Year without the prior written consent of the Required Secured Parties. 
  

	7.15	Use of Proceeds; Margin Regulations 

 The Borrower shall not use any part of the proceeds
of any Secured Debt to purchase or carry any Margin Stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. The Borrower shall not use the proceeds of any Secured
Debt in a manner that could violate or be inconsistent with the provisions of Regulations T, U or X of the Board, or any regulations, interpretations or rulings thereunder. 

 

	7.16	Permitted Investments 

 The Borrower shall not make, and shall not instruct the Common
Security Trustee to make, any Investments except Permitted Investments. 
  

	7.17	Hedging Arrangements 

 The Borrower shall not enter into any Hedging Agreements other
than Permitted Hedging Agreements, and in the case of the Interest Rate Protection Agreements, with a Qualified Counterparty. 

  
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	7.18	Environmental Matters 

 The Borrower shall not Release, or permit the Release of
Hazardous Materials at the Project in violation of applicable material Government Rules or material Government Approvals or which could reasonably be expected to have a Material Adverse Effect. 

 

	7.19	Guarantees 

 The Borrower shall not directly or indirectly create, incur or assume or
otherwise be or become liable with respect to any Guarantee which could result in a liability to the Borrower in excess of two million Dollars ($2,000,000). 
  

	7.20	Gas Purchase Contracts and LNG Sales Contracts 

  

	 	(a)	The Borrower shall not enter into gas purchase contracts with firm receipt obligations for a volume of gas in excess of that which is required for the Borrower to be able to meet its obligations under the FOB Sale and
Purchase Agreements, the CMI LNG Sale and Purchase Agreement and any other LNG sales agreements entered into as permitted hereunder. 

  

	 	(b)	The Borrower shall not enter into any LNG sales contracts except for (i) the FOB Sale and Purchase Agreements, (ii) the Train 6 FOB Sale and Purchase Agreements, (iii) the CMI LNG Sale and Purchase
Agreement, (iv) LNG sales contracts with a term of less than two (2) years with counterparties who at the time of execution of the contract were rated at least BBB- by S&P, BBB- by Fitch, or Baa3 by Moody’s, or who provide a
guaranty from an affiliate with such a rating, (v) LNG sales contracts with a term of less than two (2) years with counterparties who are not at the time of execution of the contract rated at least BBB- by S&P, BBB- by Fitch, or Baa3
by Moody’s to the extent the counterparty provides a letter of credit from a financial institution rated at least A- by S&P or A3 by Moody’s with respect to its estimated obligations under the contract for a period of sixty
(60) days, (vi) LNG sales contracts with a term of two (2) or more years, provided, that (I) the counterparties are at the time of execution of the contract rated at least BBB- by S&P, BBB- by Fitch, or Baa3 by
Moody’s, or provide a guaranty from an affiliate with such a rating, and (II) entry into the contract is approved by the Required Secured Parties, which consent shall not be unreasonably withheld, or (vii) LNG sales contracts with
counterparties who prepay (in cash) for their LNG purchase obligations under such contracts; provided, that in the case of clauses (iv), (v), (vi) and (vii), performance under such contracts shall not adversely affect the ability of the
Borrower to meet its obligations under the FOB Sale and Purchase Agreements and, if Train 6 Debt has been incurred, the Train 6 FOB Sale and Purchase Agreements. 

 

	7.21	Sale of Natural Gas in Interstate Commerce 

 The Borrower shall not sell natural gas
other than in interstate commerce. 

  
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	8.	REPORTING REQUIREMENTS 

 The Borrower shall furnish the following to the Common Security
Trustee and each Secured Debt Holder Group Representative: 
  

	8.1	Financial Statements 

  

	 	(a)	As soon as available and in any event within sixty (60) days after the end of each of the first three (3) Fiscal Quarters of each Fiscal Year of the Borrower: 

 

	 	(i)	unaudited statements of income and cash flows of the Borrower for such period and for the period from the beginning of the respective Fiscal Year to the end of such period; and 

 

	 	(ii)	the related balance sheet as at the end of such period, setting forth in each case in comparative form the corresponding figures for the corresponding period in the preceding Fiscal Year; 

 

	 	(b)	As soon as available and in any event within one hundred twenty (120) days after the end of each Fiscal Year of the Borrower, audited statements of income, member’s equity and cash flows of the Borrower for
such year and the related balance sheets as at the end of such Fiscal Year, setting forth in each case, in comparative form the corresponding figures for the preceding Fiscal Year, and accompanied by an opinion of KMPG LLP or such other independent
certified public accountants of recognized national standing, which opinion shall state that such financial statements fairly present in all material respects the financial condition and results of operations of the Borrower as at the end of, and
for, such Fiscal Year in accordance with GAAP and shall state whether any knowledge of any Default or Event of Default was obtained during the course of their examination of such financial statements; and 

 

	 	(c)	concurrently with the delivery of the financial statements pursuant to clause (a) or (b) above: 

  

	 	(i)	a certificate executed by an Authorized Officer of the Borrower certifying that such financial statements fairly present in all material respects the financial condition and results of operations of the Borrower on the
dates and for the periods indicated in accordance with GAAP, subject, in the case of quarterly financial statement to the absence of notes and normal year-end audit adjustments; 

 

	 	(ii)	a certificate executed by an Authorized Officer of the Borrower certifying that no Default or Event of Default exists as of the date of such certificate or, if any Default or Event of Default exists, specifying the
nature and extent thereof; and 

  
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	 	(iii)	a written summary of commodity hedges entered into by the Borrower, detailing aggregate outstanding contract volumes, price ranges of such commodity hedges, and the associated value at risk with respect to such
commodity hedges as of the end of each quarter. 

  

	8.2	Notice of Default, Event of Default and Other Events 

 As soon as practicable and in any
event, unless otherwise specified, within five (5) Business Days after the Borrower obtains Knowledge of any of the following, written notice or delivery to the Common Security Trustee (and, in the case of clause (l), each Secured Debt Holder
Group Representative) of: 
  

	 	(a)	the occurrence of any Default or Event of Default and describing any action being taken or proposed to be taken with respect thereto; 

 

	 	(b)	the occurrence of any Event of Loss or Event of Taking in excess of thirty million Dollars ($30,000,000) in value or any series of such events or circumstances during any 12-month period in excess of one hundred million
Dollars ($100,000,000) in value in the aggregate, or the initiation of any insurance claim proceedings with respect to any such Event of Loss or Event of Taking; 

  

	 	(c)	any claim, Environmental Claim, suit, arbitration, litigation or similar proceeding pending or threatened in writing (A) with respect to or against the Project or the Loan Parties (x) in which the amount
involved is in excess of one hundred million Dollars ($100,000,000) in the aggregate, (y) or that could reasonably be expected to have a Material Adverse Effect, or (z) involving injunctive or declaratory relief, or (B) involving any
other party to any of the Material Project Documents or Additional Material Project Documents, which could reasonably be expected to have a Material Adverse Effect or result in an Event of Default, and, in each case, describing any action being
taken or proposed to be taken with respect thereto; 

  

	 	(d)	any dispute, litigation, investigation or proceeding which may exist at any time between any Government Authority and the Borrower to the extent such dispute, litigation, investigation or proceeding involves the Project
and could reasonably be expected to result in a Material Adverse Effect or otherwise involves an amount in excess of one hundred million Dollars ($100,000,000) in the aggregate; 

 

	 	(e)	any written notice of the occurrence of any event giving rise (or that could reasonably be expected to give rise) to a claim under any insurance policy maintained with respect to the Project in excess of thirty million
Dollars ($30,000,000) with copies of any material document relating thereto that are in the possession of the Borrower; 

  

	 	(f)	notice of the occurrence of any force majeure event reasonably expected to exceed ten (10) consecutive days (together with a description of its expected duration and any action being taken or proposed to be taken
with respect thereto); 

  
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	 	(g)	notice of any cessation of activities related to the development, construction, operation and/or maintenance of the Project that could reasonably be expected to exceed sixty (60) consecutive days;

  

	 	(h)	any cancellation or material change in the terms, coverages or amounts of any insurance described in Section 6.6 (Insurance; Events of Loss); 

 

	 	(i)	any acquisition or transfer of any direct or indirect ownership interests in the Borrower by the Sponsor; 

  

	 	(j)	any event, occurrence or circumstance that could reasonably be expected to cause (A) an increase of more than one hundred million Dollars ($100,000,000) individually or in the aggregate in the sum of the Project
Costs above the sum of such costs set forth in the Construction Budget or (B) Operation and Maintenance Expenses to exceed with respect to all Operation and Maintenance Expenses, the amount budgeted therefor by ten percent (10%) or more in
the aggregate per annum or twenty percent (20%) per line item per annum, calculated as set forth in Section 6.7 (Project Construction; Maintenance of Properties); 

 

	 	(k)	any event or circumstance that could reasonably be expected to result in a material liability of the Borrower under ERISA or under the Code with respect to any Plan and any ERISA Event; 

 

	 	(l)	each material Government Approval obtained by the Borrower not previously delivered as required in connection with the current stage of Development, certified as true, complete and correct by an Authorized Officer of
the Borrower; or 

  

	 	(m)	other circumstance, act or condition (including the adoption, amendment or repeal of any Government Rule or the Impairment of any Government Approval applicable to the Borrower or the Development or written notice of
the failure to comply with the terms and conditions of any such Government Approval) which could reasonably be expected to result in a Material Adverse Effect, and describing any action being taken or proposed to be taken with respect thereto.

  

	8.3	Notices under Material Project Documents 

  

	 	(a)	Promptly upon: 

  

	 	(i)	delivery to another Material Project Party pursuant to a Material Project Document, the Borrower shall deliver to the Common Security Trustee and each Secured Debt Holder Group Representative copies of all material
written notices or other material documents delivered to such Material Project Party by the Borrower other than written notices or other documents delivered in the ordinary course of the administration of such Agreements; and 

  
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	 	(ii)	such documents becoming available, the Borrower shall deliver to the Common Security Trustee and each Secured Debt Holder Group Representative copies of all material written notices or other material documents received
by the Borrower pursuant to any Material Project Document (including any notice or other document relating to a failure by the Borrower to perform any of its covenants or obligations under such Material Project Document, termination of a Material
Project Document or a force majeure event under a Material Project Document) other than written notices or other documents delivered in the ordinary course of administration of such Agreements; 

 

	8.4	Operating Statements and Reports 

  

	 	(a)	Not more than forty-five (45) days after the end of the last month of each Fiscal Quarter, commencing with the close of the first full Fiscal Quarter after the first train of the Project achieves Substantial
Completion, an operating statement of the Project for such quarterly period and for the portion of the Borrower’s Fiscal Year then ended. 

  

	 	(b)	Not more than sixty (60) days after the end of each Fiscal Year, commencing with the close of the first Fiscal Year after the first train of the Project achieves Substantial Completion, an operating report of the
Project for such Fiscal Year then ended. 

  

	 	(c)	In each case with respect to clauses (a) and (b) above, such operating statements shall correspond to the Operating Budget Categories and monthly periods of the current annual Operating Budget and shall show
all Cash Flows and all expenditures for Operation and Maintenance Expenses. The quarterly operating statement shall include (i) updated estimates of Operation and Maintenance Expenses for the balance of such Fiscal Year to which the operating
statement relates, (ii) any material developments during such Fiscal Quarter which could reasonably be expected to have a Material Adverse Effect, (iii) summary of statistical data and quality control reports relating to the operation of
the Project during such Fiscal Quarter and any capacity test results performed during such Fiscal Quarter, (iv) records on efficiency, performance and availability of the Project during such Fiscal Quarter, (v) discussion of any deviation
from the requirements set forth in Section 6.7(a) (Project Construction; Maintenance of Properties) stating in reasonable detail the necessary qualifications to such requirements, and (vi) the cause, duration and projected loss of
Cash Flows attributable to each scheduled and unscheduled interruption in the Services by the Project during such Fiscal Quarter and, with respect to any interruptions caused by a material defect or failure, the cause of and cost to repair such
defect or failure. Both the quarterly and annual operating statements shall be certified as materially complete and correct by an Authorized Officer of the Borrower. Each operating statement will be accompanied by a statement of sources and uses of
funds for the periods covered by it and a discussion of the reason for any material (i) variance from the amount budgeted therefor in the relevant Operating Budget and (ii) variance in the actual costs for the then-current period from the
costs incurred during the prior period. 

  
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	 	(d)	Promptly after receipt of each material written statement or report received by the Borrower from the Operator pursuant to the O&M Agreement, the Borrower shall deliver a copy thereof to the Common Security Trustee
and each Secured Debt Holder Group Representative. 

  

	8.5	Construction Reports 

  

	 	(a)	Prior to Substantial Completion with respect to each train of the Project, as soon as available and in any event (i) on the 20th day of each month (or the next succeeding Business Day if such 20th day is not a
Business Day), a short form version of the monthly Construction Report from the EPC Contractor together with the then-current version of the Summary Milestone Schedule, substantially in a form acceptable to the Independent Engineer (provided,
however, that the Borrower shall, on the 20th day of each month (or the next succeeding Business Day if such 20th day is not a Business Day), also deliver a full version of the monthly Construction Report from the EPC Contractor and the then-current
version of the Summary Milestone Schedule to the Independent Engineer), and (ii) on the last day of each month (or the next succeeding Business Day if the last day of a given month is not a Business Day), monthly Construction Reports as to the
Project from the Independent Engineer; provided that the failure to provide the Construction Report from the Independent Engineer pursuant to clause (a)(ii) above within thirty (30) days of the end of each month that is not the last
month of a Fiscal Quarter (other than as a result of an act or omission by the Borrower or its Affiliates) shall not constitute a Default or an Event of Default. 

  

	 	(b)	With respect to clause (a) above, such Construction Report shall set forth in reasonable detail: 

  

	 	(i)	estimated dates on which Ready for Start Up, Ready for Performance Testing and Substantial Completion shall be achieved; 

  

	 	(ii)	the Borrower’s then-current estimate of anticipated Project Costs through Ready for Start Up, Ready for Performance Testing and Substantial Completion as compared to the Construction Budget and the Construction
Schedule and reasons for material variances, and in the event of a material variance, the reasons therefor, and such other information reasonably requested by the Common Security Trustee; 

 

	 	(iii)	any occurrence of which the Borrower is aware that could reasonably be expected to (A) increase the total aggregate Project Costs above those set forth in the Construction Budget, (B) delay Substantial
Completion beyond the Guaranteed Substantial Completion Date or (C) have a Material Adverse Effect; 

  
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	 	(iv)	if Substantial Completion is not anticipated to occur on or before the Guaranteed Substantial Completion Date, the reasons therefor (and a schedule recovery plan); 

 

	 	(v)	the status of construction of the Project, including progress under each of the EPC Contracts (and a description of any material defects or deficiencies with respect thereto) and the proposed construction schedule for
the following ninety (90) days, including a description, as compared with the Construction Schedule of engineering, procurement, construction, commissioning, and testing status (including actual percentage complete versus planned percentage
complete, document status, significant activities accomplished and planned and a summary of milestones planned and actually completed); 

  

	 	(vi)	the status of the Government Approvals necessary for the Development, including the dates of applications submitted or to be submitted and the anticipated dates of actions by Government Authorities with respect to such
Government Approvals; and 

  

	 	(vii)	a listing of reportable environmental, health and safety incidents as well as any unplanned related impacts, events, accidents or issues that occurred during the report period and the compliance with Environmental Laws.

  

	8.6	Commodity Positions 

 Promptly upon the initial and any subsequent approval by the
Sponsor, a written summary of (i) authorized aggregate open position and value at risk limits with respect to any commodity hedges and (ii) approved financial and physical commodity instruments. 

 

	8.7	Other Information 

 Other information reasonably requested by the Common Security Trustee
or any Secured Debt Holder Group Representative. 
  

	8.8	Insurance Information 

 Information required to be provided pursuant to Schedule
6.6. 
  

	9.	EVENTS OF DEFAULT FOR SECURED DEBT 

 Each of the following events or occurrences set
forth in this Section 9 shall be an Event of Default in respect of all Secured Debt other than (i) Senior Bonds and (ii) other Senior Debt if and to the extent provided in the Senior Debt Instrument governing such Senior Debt. 

  
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	9.1	Non-Payment of Scheduled Payments 

 The Borrower shall (i) default in the payment
when due of any principal of any Secured Debt; unless (x) such default is caused by an administrative or technical error and (y) payment is made within three (3) Business Days of its due date, or (ii) default in the payment when
due of any interest on any Secured Debt or any fee or any other amount or Obligation payable by it under this Agreement, any Secured Debt Instrument, any Secured Hedge Instrument or any other Financing Document and such default continues unremedied
for a period of three (3) Business Days after the occurrence of such default. 
  

	9.2	Non-Payment of Other Obligations 

 A default shall have occurred with respect to
(A) Additional Secured Debt or (B) any Indebtedness of SPLNG or the Borrower that is in excess of one hundred million Dollars ($100,000,000) in the aggregate (other than any amount due in respect of Additional Secured Debt or Facility
Debt) and continued beyond any applicable grace period, the effect of which has been to cause the entire amount of such Indebtedness under this clause (B) to become due (whether by redemption, purchase, offer to purchase or otherwise) and such
Indebtedness under this clause (B) remains unpaid or the acceleration of its stated maturity unrescinded. 
  

	9.3	Non-Performance of Covenants and Obligations 

  

	 	(a)	The Borrower or any other Loan Party, as applicable, defaults in the due performance and observance of any of its obligations under any of Section 6.3(a)(i) or (b) (Maintenance of Existence, Etc.),
Section 6.5(b) or (e) (Compliance with Government Rules, Etc.) (except to the extent that any Default is caused by administrative or technical error), Section 6.9(a) or (c) (Maintenance of Liens), Section 6.10
(Use of Proceeds), Section 6.15 (Debt Service Coverage Ratio), Section 7.2(a) (Prohibition of Fundamental Changes), Section 7.3(a) or (c) (Nature of Business), Section 7.5 (Restrictions on
Indebtedness), Section 7.7 (Restricted Payments), Section 7.8 (Limitation on Liens), Section 7.15 (Use of Proceeds; Margin Regulations), Section 7.17 (Hedging Arrangements), Section 7.19
(Guarantees), Section 7.21 (Sale of Natural Gas in Interstate Commerce), or Section 8.2(a) or (c) (with respect to Environmental Claims) (Notice of Default, Event of Default and Other Events). 

 

	 	(b)	The Borrower or any other Loan Party, as applicable, defaults in the due performance and observance of any of its obligations under any of Section 6.5(a) (Compliance with Government Rules, Etc.) (with
respect to any Environmental Laws), Section 6.5 (b) or (e) (Compliance with Government Rules, Etc.) (to the extent that any Default is caused by administrative or technical error), Section 6.8 (Taxes),
Section 6.9(b) (Maintenance of Liens), Section 7.2(b) (Prohibition of Fundamental Changes), Section 7.3(b) (Nature of Business), Section 7.9(b) or (d) (Project Documents, Etc.), Section 7.11
(Transactions with Affiliates), Section 7.12 (Accounts), Section 7.13(a) (EPC and Construction Contracts), Section 7.14 (GAAP), Section 7.16 (Permitted Investments), Section 8.2
(h) (Notice of Default, 

  
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 Events of Default and Other Events), or Section 8.3(a)(ii) (Notices under Material
Project Documents) and such Default continues unremedied for a period of fifteen (15) days after the Borrower receives written notice of such Default from the Common Security Trustee or any Secured Debt Holder Group Representative, Secured
Hedge Representative or Secured Gas Hedge Representative or fifteen (15) days (except, with respect to a Default under Section 6.5 (b) or (e) (Compliance with Government Rules, Etc.) (to the extent that any Default is
caused by administrative or technical error) five (5) days) after the Borrower obtains Knowledge of such Default, whichever is earlier. 
  

	 	(c)	Except as otherwise addressed in this Section 9, the Borrower or any other Loan Party, as applicable, defaults in the due performance and observance of any of its obligations contained in any other covenant or
agreement to be performed or observed by it under the Financing Documents; provided, that if such Default is capable of remedy, no Event of Default shall have occurred pursuant to this Section 9.3(c) if such Default has been remedied
within thirty (30) days after written notice of such Default is given by the Common Security Trustee or any Secured Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative to the Borrower,
provided, that if such failure is not capable of remedy within such 30-day period, such 30-day period shall be extended to a total period of ninety (90) days so long as (A) such Default is subject to cure, (B) the Borrower or
such Loan Party, as applicable, is diligently pursuing a cure and (C) such additional cure period could not reasonably be expected to result in a Material Adverse Effect or materially and adversely affect the Borrower’s rights, duties,
obligations or liabilities under the FOB Sale and Purchase Agreements. 

  

	9.4	Breach of Representation or Warranty 

 (a) Any representation or warranty made or deemed
made by the Borrower or any other Loan Party in this Agreement, or any other Financing Document, as applicable, or (b) any representation, warranty or statement in any certificate, financial statement or other document furnished to the Common
Security Trustee or any Secured Debt Holder by or on behalf of the Borrower, shall prove to have been false or misleading as of the time made or deemed made, confirmed or furnished; provided, that such misrepresentation or such false
statement shall not constitute an Event of Default if the adverse effects of such incorrect representation or warranty (i) would not reasonably be expected to result in a Material Adverse Effect or (ii) are capable of being cured and are
cured within sixty (60) days after the earlier of (I) written notice of such Default from the Common Security Trustee or any Secured Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative or (II)
the Borrower’s Knowledge of such Default. 
  

	9.5	Project Document Defaults 

 (i) Any Material Project Document shall at any time for any
reason cease to be valid and binding or in full force and effect or shall be materially Impaired (in each case, except in 

  
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 connection with its expiration in accordance with its terms in the ordinary course (and not
related to any default or early termination right thereunder)) or the enforceability thereof is contested or disaffirmed in writing by or on behalf of any party thereto, (ii) the Borrower or any Material Project Party shall be in material
breach or default, or a termination event shall occur, under any FOB Sale and Purchase Agreement, the EPC Contracts or the Sabine Pass TUA, or (iii) the Borrower or any other Project Party shall be in breach or default, or a termination event
shall occur, under any other Project Document or the Consent and any such event under this clause (iii) could reasonably be expected to result in a Material Adverse Effect; provided, however, that no Event of Default shall have occurred
pursuant to this Section 9.5 if (A) in the case of the occurrence of an event under clause (i), (ii) or (iii) above, such breach, default, termination event, or other event is cured within the lesser of sixty (60) days of
such breach, default, termination event, or other event and the cure period permitted under the applicable Project Document with respect to such breach, default, termination event, or other event or (B) in the case of the occurrence of any of
the events set forth in clause (i), (ii) or (iii) above with respect to any Project Document, the Borrower notifies the Common Security Trustee that it intends to replace such Project Document and diligently pursues such replacement and
the applicable Project Document is replaced within ninety (90) days with a Project Document or Additional Material Project Document, as applicable, that is on terms and conditions that are and with a Project Party that is reasonably acceptable
to the Required Secured Parties; provided further that in the case of the replacement of an FOB Sale and Purchase Agreement, the Borrower shall also have provided evidence to the Common Security Trustee that any Export Authorization
specifically referencing the replaced FOB Sale and Purchase Agreement has been amended or replaced with an Export Authorization on substantially the same terms as the original Export Authorization and that enables the Borrower to comply with its
obligations under the new FOB Sale and Purchase Agreement. 
  

	9.6	Government Approvals 

 Any Government Approval related to the Borrower or the Development
shall be Impaired and such Impairment could reasonably be expected to have a Material Adverse Effect, unless (i) the Borrower provides a reasonable remediation plan (which sets forth in reasonable detail the proposed steps to be taken to cure
such Impairment) no later than ten (10) Business Days following the date that the Borrower has Knowledge of the occurrence of such Impairment, (ii) the Borrower diligently pursues the implementation of such remediation plan, and
(iii) such Impairment is cured no later than ninety (90) days following the occurrence thereof. 
  

	9.7	Bankruptcy; Insolvency 

 A Bankruptcy shall occur with respect to (i) any Loan
Party, (ii) SPLNG, or (iii) prior to Final Completion, the EPC Contractor or Bechtel Global Energy, Inc. 

  
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	9.8	Judgments 

 (a) Prior to the Project Completion Date, a judgment or order, or series of
judgments or orders, for the payment of money in excess of two hundred million Dollars ($200,000,000) in the aggregate or a final judgment or order, or series of final judgments or orders, for the payment of money in excess of one hundred twenty
million Dollars ($120,000,000) in the aggregate, or (b) following the Project Completion Date, a final judgment or order, or series of judgments or orders, for the payment of money in excess of one hundred twenty million Dollars ($120,000,000)
in the aggregate (net of insurance proceeds which are reasonably expected to be paid), in either case shall be rendered against any Loan Party, in each case, by one or more Government Authorities, arbitral tribunals or other bodies having
jurisdiction over any such entity and the same shall not be discharged (or provision shall not be made for such discharge), dismissed or stayed, within forty-five (45) days from the date of entry of such judgment or order or judgments or
orders. 
  

	9.9	Unenforceability of Documentation 

 This Agreement or any other Financing Document or any
material provision of any Financing Document, (i) is declared by a court of competent jurisdiction to be illegal or unenforceable, (ii) should otherwise cease to be valid and binding or in full force and effect or shall be materially
Impaired (in each case, except in connection with its expiration in accordance with its terms in the ordinary course (and not related to any default hereunder)) or (iii) is (including the enforceability thereof) expressly terminated, contested
or repudiated by any Loan Party, the Sponsor, or any Affiliate of any of them. 
  

	9.10	Event of Loss 

 An Event of Loss occurs (unless, in the case of an Event of Loss of all
or substantially all of the pipelines necessary to supply gas to the Project, such Event of Loss constitutes Force Majeure). 
  

	9.11	Change of Control 

 The Sponsor fails to (i) hold directly or indirectly more than
50% of the ownership interests in the Borrower or (ii) control, directly or indirectly (without granting to any other Person any negative controls over its right to exercise such control), voting rights with more than 50% of the votes of all
classes in the Borrower. 
  

	9.12	ERISA Events 

  

	 	(a)	An ERISA Event shall have occurred that, in the reasonable opinion of the Required Secured Parties, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a
Material Adverse Effect. 

  
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	 	(b)	The aggregate “amount of unfunded benefit liabilities” (within the meaning of Section 4001(a)(18) of ERISA) under all Plans determined in accordance with Title IV of ERISA could reasonably be expected to
result in a Material Adverse Effect. 

  

	9.13	Insurance 

 The Borrower shall fail to obtain and maintain in full force and effect the
insurance required under Section 6.6 (Insurance; Events of Loss) and such insurance is not replaced with insurance complying with the requirements of such Section within thirty (30) days after such failure. 

 

	9.14	Liens 

 The Liens in favor of the Secured Parties under the Security Documents shall at
any time cease to constitute valid and perfected Liens granting a first priority security interest in the Collateral (subject to Permitted Liens). 
  

	9.15	Abandonment 

 An Event of Abandonment occurs or is deemed to have occurred. 

 

	9.16	Certain Regulations 

 Except as may result from the exercise of remedies under the
Transaction Documents, any Secured Party, solely by virtue of (i) the ownership or the operation of the Project, or (ii) the execution, delivery or performance of the Transaction Documents, shall become (A) subject to regulation as a
“natural-gas company,” as such term is defined in the NGA, (B) subject to regulation pursuant to Section 3 of the NGA, (C) subject to regulation under PUHCA, (D) subject to regulation under the laws of the State of
Louisiana with respect to rates, or subject to material financial and organizational regulation under such law or (E) subject to regulation as a “public utility,” an “electric public utility,” a “gas utility” or a
“natural gas company” pursuant to Article 4, Section 21 of the Louisiana Constitution, or Title 30 or Title 45 of the Louisiana Revised Statutes, or the orders, rules and regulations promulgated thereunder. 

 

	9.17	Commercial Delivery 

 The failure of (a) the Train 1 DFCD under and as defined in
the BG FOB Sale and Purchase Agreement to occur on or before the BG DFCD Deadline, (b) the Date of First Commercial Delivery under and as defined in the GN FOB Sale and Purchase Agreement to occur on or before the GN DFCD Deadline, (c) the
Date of First Commercial Delivery under and as defined in the KoGas FOB Sale and Purchase Agreement to occur on or before the KoGas DFCD Deadline, (d) the Date of First Commercial Delivery under and as defined in the GAIL FOB Sale and Purchase
Agreement to occur on or before the GAIL DFCD Deadline, (e) the Date of First Commercial Delivery under and as defined in the Centrica FOB Sale and Purchase Agreement to occur on or before the Centrica 

  
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 DFCD Deadline, (f) the Date of First Commercial Delivery under and as defined in the Total
FOB Sale and Purchase Agreement to occur on or before the Total DFCD Deadline or (g) if Train 6 Debt has been incurred, the Date of First Commercial Delivery under and as defined in each Train 6 FOB Sale and Purchase Agreement to occur on or
before the applicable Train 6 DFCD Deadline, unless in any such case, (x) the Common Security Trustee shall have received a certificate of the Independent Engineer on or before such deadline, certifying that in its opinion, Train 1 DFCD under
and as defined in the BG FOB Sale and Purchase Agreement or the Date of First Commercial Delivery under the other FOB Sale and Purchase Agreements, as applicable, could reasonably be expected to occur (which shall include consideration of the
Borrower’s available cash) thirty (30) days prior to the date that the Buyer under the applicable FOB Sale and Purchase Agreement would have the right to terminate thereunder for failure to achieve Train 1 DFCD or Date of First Commercial
Delivery, as applicable, in each case without giving effect to any extended cure period for the benefit of the Facility Lenders in any Consent between the Common Security Trustee and such Buyer and (y) the Train 1 DFCD or the Date of First
Commercial Delivery, as applicable, is in fact achieved by no later than such thirty (30) days prior to such date. 
  

	9.18	Project Completion 

 The failure to achieve the Project Completion Date by the Date
Certain. 
  

	9.19	Certain Force Majeure Events 

  

	 	(a)	With respect to the BG FOB Sale and Purchase Agreement or the GN FOB Sale and Purchase Agreement, if (x) the Borrower has declared Force Majeure with respect to a period that is either projected by the Borrower
(having acted reasonably) to extend for twenty-four (24) months or has in fact continued uninterrupted for twenty (20) months, and (y) such Force Majeure could reasonably be expected to result in a reduction in the annualized ACQ
during a twenty-four (24) month period, or has in fact resulted in a reduction in the annualized ACQ during a twenty (20) month period, that is otherwise available to the Buyer equal to or greater than fifty percent (50%).

  

	 	(b)	If (x) the Borrower has declared Force Majeure one or more times and the interruptions resulting from such Force Majeure event total in aggregate twenty (20) or more months during any thirty-six
(36) month period and (y) such Force Majeure events have in fact resulted in a reduction of the annualized ACQ during a twenty (20) month period, or could reasonably be expected to result in a reduction of the annualized ACQ during a
twenty-four (24) month period, that is otherwise available to Buyer equal to or greater than fifty percent (50%). 

  

	 	(c)	 With respect to the BG FOB Sale and Purchase Agreement or the GN FOB Sale and Purchase Agreement, if (x) a Buyer under either FOB Sale and
Purchase Agreement has declared Force Majeure with respect to (i) the withdrawal or expiration or failure to obtain any Approval of any Governmental Authority under the relevant FOB Sale and Purchase Agreement, as such terms are defined
therein, 

  
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or (ii) events of Force Majeure pursuant to Section 14.1.1(e)(ii) (Force Majeure) of the relevant FOB Sale and Purchase Agreement; and (y) such Force Majeure (i) has
continued for twenty (20) months and has resulted in a reduction in the quantity of LNG that such Buyer is able to take equal to or greater than fifty (50%) in the annualized ACQ during such (20) month period or (ii) could
reasonably be expected to continue for twenty-four (24) months and result in a reduction in the quantity of LNG that such Buyer is able to take equal to or greater than fifty (50%) in the annualized ACQ during such twenty-four
(24) month period. 

  

	10.	MISCELLANEOUS PROVISIONS 

  

	10.1	Amendments 

 This Agreement may not be amended or waived unless such amendment or waiver
is in writing signed by the Borrower, the Intercreditor Agent, the Common Security Trustee and each requisite Secured Debt Holder Group Representative, Secured Hedge Representative and Secured Gas Hedge Representative whose vote is required with
respect to such amendment or waiver pursuant to the terms of the Intercreditor Agreement. 
  

	10.2	Entire Agreement 

 This Agreement and any agreement, document or instrument attached
hereto or referred to herein integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral negotiations and prior writings in respect to the subject matter hereof. In the event of any conflict between the terms,
conditions and provisions of this Agreement and the terms of any Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, the terms of the Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge
Instruments, as applicable, shall prevail. 
  

	10.3	Applicable Law; Jurisdiction 

  

	 	(a)	GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF
(OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  

	 	(b)	SUBMISSION TO JURISDICTION. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY 

  
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ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY
AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT
A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER FINANCING DOCUMENT SHALL
AFFECT ANY RIGHT THAT ANY PARTY HERETO MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION IF APPLICABLE LAW DOES
NOT PERMIT A CLAIM, ACTION OR PROCEEDING REFERRED TO IN THE FIRST SENTENCE OF THIS SECTION TO BE FILED, HEARD OR DETERMINED IN OR BY THE COURTS SPECIFIED THEREIN. 

 

	 	(c)	WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT IN ANY COURT REFERRED TO IN SECTION 10.3(b). EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  

	 	(d)	Service of Process. The Borrower irrevocably consents to the service of any and all process in any such action or proceeding by the air mailing of copies of such process to such Person at its then effective
notice addresses pursuant to Section 10.11 (Notices and Other Communications). 

  

	 	(e)	Immunity. To the extent that the Borrower has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment,
attachment in aid of execution, execution or otherwise) with respect to itself or its property, the Borrower hereby irrevocably and unconditionally waives such immunity in respect of its obligations under the Financing Documents and, without
limiting the generality of the foregoing, agrees that the waiver set forth in this Section 10.3(e) shall have the fullest scope permitted under the Foreign Sovereign Immunities Act of 1976 of the United States and is intended to be
irrevocable for purposes of such Act. 

  
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	 	(f)	WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT, ANY OTHER FINANCING DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO
THIS AGREEMENT AND THE OTHER FINANCING DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.3(f). 

  

	10.4	Assignments 

 Assignments of Secured Debt, Secured Hedge Obligations or Secured Gas Hedge
Obligations shall be in accordance with and subject to the provisions of the applicable Secured Debt Instrument, Secured Hedge Instrument or Secured Gas Hedge Instrument. 
  

	10.5	Successors and Assigns 

 The provisions of this Agreement shall be binding upon and inure
to the benefit of each Party, and its respective successors and permitted assigns. Except as expressly permitted by any Financing Document, no Party may assign or otherwise transfer any of its rights or obligations under this Agreement or any other
Financing Document. 
  

	10.6	Consultants 

 The Borrower shall pay (against direct invoices) each Consultant appointed
by the Common Security Trustee or any Secured Debt Holder Group Representative or Secured Hedge Representative, as applicable, the reasonable and documented fees and expenses of such Consultant retained on behalf of the Secured Debt Holders. 

 

	10.7	Costs and Expenses 

 The Borrower shall pay (a) all reasonable and documented out of
pocket expenses incurred by each Secured Debt Holder Group Representative, each Secured Hedge Representative, the Intercreditor Agent and the Common Security Trustee and their Affiliates (including all reasonable fees, costs and expenses of one
counsel plus one local 

  
 80 

 
counsel for the Secured Debt Holders in each relevant jurisdiction (provided, that in the case of the continuation of an Event of Default, any Secured Party may retain separate counsel in
the event of an actual conflict of interest (which may be multiple counsel, but only the least number as necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)),
in connection with the preparation, negotiation, syndication, execution and delivery of this Agreement and the other Financing Documents; (b) all reasonable and documented out of pocket expenses incurred by each Secured Debt Holder Group
Representative, each Secured Hedge Representative, the Intercreditor Agent and the Common Security Trustee (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Secured Debt Holders in each relevant
jurisdiction (provided, that in the case of the continuation of an Event of Default, any Secured Party may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least number as
necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)), in connection with any amendments, modifications or waivers of the provisions of this Agreement and the
other Financing Documents (whether or not the transactions contemplated hereby or thereby are consummated); (c) all reasonable and documented out-of-pocket expenses incurred by each Secured Debt Holder Group Representative, each Secured Hedge
Representative, the Intercreditor Agent and the Common Security Trustee (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Secured Debt Holders in each relevant jurisdiction (provided, that in the
case of the continuation of an Event of Default, any Secured Party may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least number as necessary to resolve such conflict of
interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)), in connection with the administration of this Agreement and the other Financing Documents (whether or not the transactions contemplated hereby
or thereby are consummated); and (d) all reasonable and documented out-of-pocket expenses incurred by the Secured Parties (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Secured Debt Holders in
each relevant jurisdiction (provided, that in the case of the continuation of an Event of Default, any Secured Party may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least
number as necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)), in connection with the enforcement or protection of their rights in connection with this
Agreement and the other Financing Documents, including their rights under this Section 10.7, including in connection with any workout, restructuring or negotiations in respect of the Obligations; provided, that the provisions of this
Section 10.7 shall not supersede Sections 4.03 (Increased Costs) and 4.06 (Taxes) of the Term Loan A Credit Agreement, 4.03 (Increased Costs) and 4.06 (Taxes) of the KSURE Covered Facility Agreement, 4.03
(Illegality) and 4.06 (Taxes) of the KEXIM Direct Facility Agreement, 4.03 (Increased Costs) and 4.06 (Taxes) of the KEXIM Covered Facility Agreement and similar provisions of any other Secured Debt Instrument.
Notwithstanding the foregoing, in the event that the Common Security Trustee reasonably believes that a conflict exists in using one counsel, it may engage its own counsel. 

  
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	10.8	Counterparts; Effectiveness 

 This Agreement may be executed in counterparts (and by
different Parties in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when it has been executed by the each of the
Parties and when the Common Security Trustee has received counterparts hereof that, when taken together, bear the signatures of each of the other Parties. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or
portable document format (“pdf”) shall be effective as delivery of a manually executed counterpart of this Agreement. 
  

	10.9	No Waiver; Cumulative Remedies. 

 No failure by any Secured Party to exercise, and no
delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Financing Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Financing Document, are cumulative
and not exclusive of any rights, remedies, powers and privileges provided by law. 
  

	10.10	Indemnification by Borrower 

  

	 	(a)	The Borrower hereby agrees to indemnify each Secured Party and each Related Party (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses,
claims, damages, liabilities and related expenses (including all fees, costs and expenses of counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower arising out of, in
connection with, or as a result of: 

  

	 	(i)	the execution or delivery of this Agreement, any other Transaction Document, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective
obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or the administration (other than expenses that do not constitute out-of-pocket expenses) or enforcement thereof; 

 

	 	(ii)	any Senior Debt or the use or proposed use of the proceeds therefrom (including any refusal by any Holder of Senior Debt to honor any demand for payment under any Senior Debt Instrument, as applicable, if the documents
presented in connection with such demand do not strictly comply with the terms the applicable Senior Debt Instrument); 

  
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	 	(iii)	any actual or alleged presence, Release or threatened Release of Hazardous Materials in violation of Environmental Laws or that can reasonably result in an Environmental Claim on or from the Project or any property
owned or operated by the Borrower, or any Environmental Affiliate or any liability pursuant to an Environmental Law related in any way to the Project or the Borrower, except for Releases of Hazardous Materials that are determined by a court of
competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of any Indemnitee; 

  

	 	(iv)	any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any
of the Borrower’s members, managers or creditors, and regardless of whether any Indemnitee is a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Financing Documents is consummated, in all
cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; or 

  

	 	(v)	any claim, demand or liability for broker’s or finder’s or placement fees or similar commissions, whether or not payable by the Borrower, alleged to have been incurred in connection with such transactions,
other than any broker’s or finder’s fees payable to Persons engaged by any Holder of Senior Debt or Affiliates or Related Parties thereof; 

provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
or related expenses (x) are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee, or (y) shall have arisen from
a dispute between or among the Indemnitees or from a claim of an Indemnitee against another Indemnitee (in each case, other than any dispute involving claims against the Intercreditor Agent or against an Indemnitee in its capacity as a Joint Lead
Arranger, Joint Lead Bookrunner, agent or similar role hereunder, unless such claims arise from the bad faith, gross negligence or willful misconduct of such Indemnitee (in each case, to the extent determined by a court of competent jurisdiction by
final and non-appealable judgment to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee)), which in either case is not the result of an act or omission of the Borrower or any of its Affiliates. 

 

	 	(b)	 To the extent that the Borrower for any reason fails to pay in full any amount required under Section 10.7 (Costs and Expenses) or
Section 10.10(a) above to be paid by it to the Intercreditor Agent or any Related Party thereof or the Common Security Trustee or any Related Party thereof, each Secured Debt Holder severally agrees to pay to the Intercreditor Agent, the Common
Security Trustee, or such Related Party, as the case may be, such Secured Debt Holder’s ratable share (determined as of the time that the applicable unreimbursed expense or indemnity

  
 83 

	 	
payment is sought) of such unpaid amount; provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or
asserted against the Intercreditor Agent, the Common Security Trustee or the applicable Related Party, in its capacity as such. The obligations of the Secured Debt Holders to make payments pursuant to this Section 10.10(b) are several and not
joint and shall survive the payment in full of the Obligations and the termination of this Agreement. The failure of any Secured Debt Holder to make payments on any date required hereunder shall not relieve any other Secured Debt Holder of its
corresponding obligation to do so on such date, and no Secured Debt Holder shall be responsible for the failure of any other Secured Debt Holder to do so. 

  

	 	(c)	All amounts due under this Section 10.10 shall be payable not later than thirty (30) days after demand therefor. 

  

	 	(d)	The provisions of this Section 10.10 shall not supersede Sections 4.03 (Increased Costs) and 4.06 (Taxes) of the Term Loan A Credit Agreement, 4.03 (Increased Costs) and 4.06 (Taxes) of
the KSURE Covered Facility Agreement, 4.03 (Illegality) and 4.06 (Taxes) of the KEXIM Direct Facility Agreement, or 4.03 (Increased Costs) and 4.06 (Taxes) of the KEXIM Covered Facility Agreement and similar provisions of
any other Secured Debt Instrument. 

  

	10.11	Notices and Other Communication 

  

	 	(a)	Any notice, claim, request, demand, consent, designation, direction, instruction, certificate, report or other communication to be given under or in connection with this Agreement shall be given in writing and will be
deemed duly given when: 

  

	 	(i)	personally delivered; 

  

	 	(ii)	sent by facsimile transmission (with transmittal confirmation or acknowledgment of receipt, whether written or oral); 

  

	 	(iii)	except with respect to any notice of Default or Event of Default, sent by electronic mail (with electronic confirmation of receipt); or 

 

	 	(iv)	five (5) days have elapsed after mailing by certified or registered mail, postage pre-paid, return receipt requested, 

in each case addressed to a Person at its address, e-mail address, or facsimile transmission number as indicated in Schedule 10.11 or
to such other address, e-mail address, or facsimile transmission number of which such Person has given notice (including, with respect to any Person acceding to this Agreement under an Accession Agreement those set out for such Person therein). Each
of the Borrower, the Common Security Trustee, the Intercreditor Agent, any Secured Debt Holder Group Representative, any Secured Gas Hedge Representative and any Secured Hedge Representative may change its address, facsimile or telephone

  
 84 

 
number for notices and other communications hereunder by notice to the other parties hereto. Each other Secured Debt Holder may change its address, facsimile or telephone number for notices
and other communications hereunder by notice to the Borrower, the Common Security Trustee, the Intercreditor Agent, each Secured Debt Holder Group Representative, each Secured Gas Hedge Representative and each Secured Hedge Representative. 

 

	 	(b)	Any notice to be given by or on behalf of the Borrower to any Secured Debt Holder may be sent to the Secured Debt Holder Group Representative that represents such Secured Debt Holder. Any notice to be given by or on
behalf of the Borrower to any Holder of Secured Hedge Obligations may be sent to the Secured Hedge Representative that represents such Holder of Secured Hedge Obligations. Any notice to be given by or on behalf of the Borrower to any Gas Hedge
Provider may be sent to the Secured Gas Hedge Representative that represents such Gas Hedge Provider. 

  

	 	(c)	The Common Security Trustee and the Intercreditor Agent shall promptly forward to each Secured Debt Holder Group Representative and the Common Security Trustee and Intercreditor Agent (other than itself or any Person
from whom it received, or which it is aware has received, any such notice, claim, certificate, report, instrument, demand, request, direction, instruction, designation, waiver, receipt, consent or other communication or document) copies of any
notice, claim, certificate, report, instrument, demand, request, direction, instruction, designation, waiver, receipt, consent or other communication or document that it receives from any other Person under or in connection with this Agreement or
any other Financing Document. 

  

	 	(d)	Each Secured Debt Holder Group Representative shall send a copy of any notice given under this Agreement to each other Secured Debt Holder Group Representative. 

 

	 	(e)	The Borrower hereby agrees that it will provide to the Common Security Trustee all information, documents and other materials that it is obligated to furnish to the Common Security Trustee pursuant to the Financing
Documents, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but excluding any such communication that (i) relates to the Secured Gas Hedge Instruments,
(ii) relates to the incurrence of Indebtedness, (iii) relates to the payment of any principal or other amount due under any Secured Debt Instrument or Secured Hedge Instrument prior to the scheduled date therefor or (iv) provides
notice of any Default or Event of Default (all such non-excluded communications being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium in a format acceptable to
the Common Security Trustee at the email addresses specified in Schedule 10.11. 

  
 85 

	10.12	Severability 

 If any provision of this Agreement or any other Financing Document is held
to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Financing Documents shall not be affected or impaired thereby and (b) the Parties shall
endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity
of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  

	10.13	Survival 

 Notwithstanding anything in this Agreement to the contrary, Section 10.7
(Costs and Expenses), and Section 10.10 (Indemnification by Borrower) shall survive any termination of this Agreement. In addition, each representation and warranty made hereunder and in any other Financing Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties shall be considered to have been relied upon by each of the Secured
Parties, regardless of any investigation made by any Secured Party or on their behalf and notwithstanding that any Secured Party may have had notice or knowledge of any Default or Event of Default at the time of the borrowing made pursuant to the
Senior Debt Instruments, and shall continue in full force and effect as of the date made or any date referred to herein as long as any Senior Debt or any other Obligation hereunder or under any other Financing Document shall remain unpaid or
unsatisfied. 
  

	10.14	Waiver of Consequential Damages, Etc. 

 To the fullest extent permitted by applicable
Government Rule, no Party shall assert, and each Party hereby waives, any claim against any other Party or their Related Parties, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual
damages) arising out of, in connection with, or as a result of, this Agreement, any other Financing Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance or the use of the proceeds
thereof. No Party or its Related Parties shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission
systems in connection with this Agreement or the other Financing Documents or the transactions contemplated hereby or thereby. 
  

	10.15	Reinstatement 

 This Agreement and the obligations of the Borrower hereunder shall
automatically be reinstated if and to the extent that for any reason any payment made pursuant to this Agreement is rescinded or must otherwise be restored or returned, whether as a result of any proceedings in bankruptcy or reorganization or
otherwise with respect to the 

  
 86 

 
Borrower or any other Person or as a result of any settlement or compromise with any Person (including the Borrower) in respect of such payment, and the Borrower shall pay the Secured Parties on
demand all of its reasonable costs and expenses (including reasonable fees, expenses and disbursements of counsel) incurred by such Party in connection with such rescission or restoration. 

 

	10.16	Treatment of Certain Information; Confidentiality 

 The Common Security Trustee, each
Secured Debt Holder Group Representative, each Secured Hedge Representative and each Secured Gas Hedge Representative agrees to maintain the confidentiality of the Information, except that Information may be disclosed (a) to its Affiliates and
to its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives (provided that the Persons to whom such disclosure is made will be informed prior to disclosure of the confidential nature of
such Information and instructed to keep such Information confidential); (b) to the extent requested or required by any regulatory authority purporting to have jurisdiction over it; (c) to the extent required by applicable Government Rule
or regulations or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) in connection with the exercise of any remedies hereunder or any other Financing Document or any suit, action or proceeding relating
to this Agreement or the enforcement of rights hereunder (including any actual or prospective purchaser of Collateral); (f) to Persons permitted under the terms of the Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge
Instruments, as applicable, in accordance with the terms thereof; (g) with the consent of the Borrower (not to be unreasonably withheld, conditioned or delayed); (h) to the extent such Information (x) becomes publicly available other
than as a result of a breach of this Section 10.16 or (y) becomes available to the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative, any Secured Gas Hedge Representative or any of
their respective Affiliates on a nonconfidential basis from a source other than the Borrower; (i) to any state, federal or foreign authority or examiner (including the National Association of Insurance Commissioners or any other similar
organization) regulating the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative; (j) to any rating agency when required by it (it being understood
that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to the Borrower received by it from the Common Security Trustee, any Secured Debt Holder Group Representative, any
Secured Hedge Representative or any Secured Gas Hedge Representative); or (k) to any party providing a Secured Party insurance or reinsurance (including credit default swaps) with respect to its Secured Debt. In addition, the Common Security
Trustee, each Secured Debt Holder Group Representative, each Secured Hedge Representative and each Secured Gas Hedge Representative may disclose the existence of this Agreement and information contained in this Agreement to market data collectors,
similar service providers to the lending industry, and service providers to the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative in connection with the
administration and management of this Agreement, the other Financing 

  
 87 

 
Documents, the Senior Debt Commitments of the Secured Debt Holders, and the borrowings under the Financing Documents. For the purposes of this Section 10.16, “Information” means
written information that is furnished by or on behalf of the Borrower, the Sponsor or any of their Affiliates to the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge
Representative pursuant to or in connection with any Financing Document, relating to the assets and business of the Borrower, the Sponsor or any of their Affiliates but does not include any such information that (i) is or becomes generally
available to the public other than as a result of a breach by the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative of its obligations hereunder,
(ii) is or becomes available to the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative from a source other than the Borrower, the Sponsor or any of
their Affiliates that is not, to the knowledge of the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative, acting in violation of a confidentiality
obligation with the Borrower, the Sponsor or any of their Affiliates or (iii) is independently compiled by the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge
Representative, as evidenced by their records, without the use of the Information. Any Person required to maintain the confidentiality of Information as provided in this Section 10.16 shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. Notwithstanding the foregoing, to the extent the Borrower has a
registration statement with respect to any Senior Debt declared effective, the foregoing provision shall not be applicable to the Secured Debt Holder Group Representative for any holder of Senior Debt subject to such registration statement. 

 

	10.17	No Recourse 

  

	 	(a)	Each Secured Party that is a party hereto acknowledges and agrees that the obligations of the Loan Parties under this Agreement and the other Financing Documents, including with respect to the payment of the principal
of or premium or penalty, if any, or interest on any Obligations, or any part thereof, or for any claim based thereon or otherwise in respect thereof or related thereto, are obligations solely of the Loan Parties and shall be satisfied solely from
the Security and the assets of the Loan Parties and shall not constitute a debt or obligation of the Sponsor or its respective Affiliates (other than the Loan Parties) or Blackstone or any of its respective Affiliates (other than the Loan Parties),
nor of any past, present or future officers, directors, employees, shareholders, agents, attorneys or representatives of the Loan Parties, the Sponsor, Blackstone and their respective Affiliates (collectively (but excluding the Loan Parties), the
“Non-Recourse Parties”). 

  
 88 

	 	(b)	Each Secured Party that is a party hereto acknowledges and agrees that the Non-Recourse Parties shall not be liable for any amount payable under this Agreement or any Financing Document, and no Secured Party shall seek
a money judgment or deficiency or personal judgment against any Non-Recourse Party for payment or performance of any obligation of the Loan Parties under this Agreement or the other Financing Documents. 

 

	 	(c)	The acknowledgments, agreements and waivers set out in this Section 10.17 shall be enforceable by any Non-Recourse Party and are a material inducement for the execution of this Agreement and the other Financing
Documents by the Loan Parties;  

 provided, however, that: 

 

	 	(i)	the foregoing provisions of this Section 10.17 shall not constitute a waiver, release or discharge of the Borrower for any of the Indebtedness or Obligations of the Borrower under, or any terms, covenants,
conditions or provisions of, this Agreement or any other Financing Document, and the same shall continue until fully and indefeasibly paid, discharged, observed or performed; 

 

	 	(ii)	the foregoing provisions of this Section 10.17 shall not limit or restrict the right of any Secured Party to name the Borrower or any other Person as defendant in any action or suit for a judicial foreclosure or
for the exercise of any other remedy under or with respect to this Agreement, any of the Security Documents or any other Financing Document to which such Person is a party, or for injunction or specific performance, so long as no judgment in the
nature of a deficiency judgment shall be enforced against any Non-Recourse Party out of any Property other than the Property of the Borrower or the Collateral; 

  

	 	(iii)	the foregoing provisions of this Section 10.17 shall not in any way limit, reduce, restrict or otherwise affect any right, power, privilege or remedy of the Secured Parties (or any assignee or beneficiary thereof
or successor thereto) with respect to, and each and every Person (including each and every Non-Recourse Party) shall remain fully liable to the extent that such Person would otherwise be liable for its own actions with respect to, any fraud, gross
negligence or willful misrepresentation, or willful misappropriation of Cash Flows or any other earnings, revenues, rents, issues, profits or proceeds from or of the Borrower, the Project or the Collateral that should or would have been paid as
provided in the Financing Documents or paid or delivered to the Common Security Trustee (or any assignee or beneficiary thereof or successor thereto) for any payment required under this Agreement or any other Financing Document; and

  
 89 

	 	(iv)	nothing contained herein shall limit the liability of: (x) any Person who is a party to any Transaction Document or (y) any Person rendering a legal opinion pursuant to clause (d) in Schedule 5.1
(Conditions to Closing Date) or otherwise, in each case under this clause (iv) relating solely to such liability of such Person as may arise under such referenced agreement, instrument or opinion. 

The limitations on recourse set forth in this Section 10.17 shall survive the Discharge Date. 

 

	10.18	Second Amendment and Restatement. 

 This Agreement amends, restates and supersedes the
Amended and Restated Common Terms Agreement in its entirety. 
 [Remainder of page intentionally blank. Next page is signature
page.] 

  
 90 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 SABINE PASS LIQUEFACTION, LLC,

as the Borrower

		
	By:		 /s/ Lisa C. Cohen

 

			
	 Name:
		 Lisa C. Cohen

	 Title:
		 Treasurer

  
 91 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 SOCIÉTÉ GÉNÉRALE,

as Common Security Trustee, Secured Debt Holder Group Representative for the Commercial Banks Facility and Intercreditor Agent 

		
	By:		 /s/ Roberto S Simon

			
	 Name:
		 Roberto S Simon

	 Title:
		 Managing Director

  
 92 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 SHINHAN BANK NEW YORK BRANCH,

as the Secured Debt Holder Group Representative for the KEXIM Direct Facility and as the Secured Debt Holder Group Representative for the KEXIM Covered
Facility

		
	By:		 /s/ Jin Soo Bae

 
			
	 Name:
		 Jin Soo Bae

	 Title:
		 General Manager

  
 93 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 THE KOREA DEVELOPMENT BANK, NEW YORK BRANCH,

as the Secured Debt Holder Group Representative for the KSURE Covered Facility

		
	By:		 /s/ Nakjoo Seong

 
			
	 Name:
		 Nakjoo Seong

	 Title:
		 General Manager

  
 94 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 THE BANK OF NOVA SCOTIA,
 as
Secured Debt Holder Group Representative for the Working Capital Debt

		
	By:		 /s/ Mark Sparrow

 
			
	 Name:
		 Mark Sparrow

	 Title:
		 Director

  
 95 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 THE BANK OF NEW YORK MELLON,

as trustee, as the Secured Debt Holder Group Representative for the Initial Senior Bonds

		
	By:		 /s/ Latoya S. Elvin

			
	 Name:
		 Latoya S. Elvin

	 Title:
		 Vice President

  
 96 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 THE BANK OF NOVA SCOTIA,
 as
a Secured Hedge Representative

		
	By:		 /s/ Michael P Jones

			
	 Name:
		 Michael P Jones

	 Title:
		 Associate Director

  
 97 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,

as a Secured Hedge Representative

		
	By:		 /s/ Y. Matsuhara

 
			
	 Name:
		 Y. Matsuhara

	 Title:
		 Managing Director

  
 98 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 COMPASS BANK, D.B.A., BBVA COMPASS,

as a Secured Hedge Representative

		
	By:		 /s/ Publio H. Vallejo

			
	 Name:
		 Publio H. Vallejo

	 Title:
		 Executive Director

  
 99 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK,

as a Secured Hedge Representative

		
	By:		 /s/ Rachel Tresser

			
	 Name:
		 Rachel Tresser

	 Title:
		 Managing Director

 

			
		
	By:		 /s/ Robert Catalanello

			
	 Name:
		 Robert Catalanello

	 Title:
		 Managing Director

  
 100 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 CREDIT SUISSE INTERNATIONAL,

as a Secured Hedge Representative

		
	By:		 /s/ Louis J. Impellizeri

			
	 Name:
		 Louis J. Impellizeri

	 Title:
		 Authorized Signatory

 

			
	 By:
		 /s/ Carole Villoresi

			
	 Name:
		 Carole Villoresi

	 Title:
		 Authorized Signatory

  
 101 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Secured Hedge Representative

		
	By:		 /s/ Duncan Caird

 
			
	 Name:
		 Duncan Caird

	 Title:
		 Managing Director

  
 102 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 ING CAPITAL MARKETS LLC,
 as
a Secured Hedge Representative

		
	By:		 /s/ Gary E. Kalbaugh

			
	 Name:
		 Gary E. Kalbaugh

	 Title:
		 Director

  
 103 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 JPMORGAN CHASE BANK, N.A.,

as a Secured Hedge Representative

		
	By:		 /s/ Muhammad Hasan

			
	 Name:
		 Muhammad Hasan

	 Title:
		 Vice President

  
 104 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 LLOYDS BANK PLC,
 as a
Secured Hedge Representative

		
	By:		 /s/ Russell Protti

			
	 Name:
		Russell Protti
	 Title:
		 Senior Vice President

 

			
	 By:
		 /s/ Stephen Giacolone

			
	 Name:
		Stephen Giacolone
	 Title:
		Assistant Vice President

  
 105 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 MORGAN STANLEY CAPITAL SERVICES LLC,

as a Secured Hedge Representative

		
	By:		/s/ Damien Matthews
	Name:		Damien Matthews
	Title:		Authorized Signatory

  
 106 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 MUFG UNION BANK, N.A.,
 as a
Secured Hedge Representative

		
	By:		/s/ Bryan P. Read

 
			
	Name:		Bryan P. Read
	Title:		Vice President

  
 107 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 ROYAL BANK OF CANADA,
 as a
Secured Hedge Representative

		
	By:		/s/ Cecile Hollevoet

 
			
	Name:		Cecile Hollevoet
	Title:		Authorized Signatory

  
 108 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 SANTANDER BANK, N.A.

(f/k/a SOVEREIGN BANK, N.A.),
 as a Secured Hedge
Representative

		
	By:		/s/ Faisal Zafar

 
			
	Name:		Faisal Zafar
	Title:		Treasury Ops Manager

  
 109 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 SOCIÉTÉ GÉNÉRALE,

as a Secured Hedge Representative

		
	By:		/s/ ROBERTO S SIMON

 
			
	Name:		ROBERTO S SIMON
	Title:		Managing Director

  
 110 

 IN WITNESS WHEREOF, the Parties have caused this Second Amended and Restated Common Terms Agreement to be
duly executed by their officers thereunto duly authorized as of the day and year first above written. 
  

			
	 STANDARD CHARTERED BANK,
 as
a Secured Hedge Representative

		
	By:		/s/ Paul Clifford

 
			
	Name:		Paul Clifford
	Title:		Director Head of Project Finance Americas

  

			
	
		
	By:		/s/ Robin Francis

 
			
	Name:		Robin Francis
	Title:		Manager-LDU Americas Standard Chartered Bank

  
 111 

 Execution Copy 

SCHEDULE 1 TO COMMON TERMS AGREEMENT 

DEFINITIONS 
 “Acceptable Debt
Service Reserve LC” has the meaning given to it in the Accounts Agreement. 
 “Accession Agreement” means an accession agreement
entered into (or to be entered into) by any acceding Secured Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative, as applicable, substantially in the form required by Section 2.8 (Accession
Agreements) as well as any accession agreement entered into by a Secured Debt Holder Group Representative on the Closing Date. 
 “Account
Collateral” means the Accounts subject to the security interests granted under the Accounts Agreement. 
 “Accounts” has
the meaning given to it in the Accounts Agreement.  
 “Accounts Agreement” means the Second Amended and Restated Accounts
Agreement, dated as of June 30, 2015, among the Borrower, the Common Security Trustee and the Accounts Bank. 
 “Accounts Bank” means
Compass Bank, d.b.a. BBVA Compass, or any successor to it appointed pursuant to the terms of the Accounts Agreement. 
 “Accounts Bank Fee
Letter” means the Second Amended and Restated Fee Letter, dated as of June 30, 2015, between the Borrower and the Accounts Bank. 

“ACQ” has the meaning given to it in the applicable FOB Sale and Purchase Agreement.  

“Additional Equity Distribution” has the meaning given to it in the Accounts Agreement. 

“Additional Material Project Document” means any contract, agreement, letter agreement or other instrument to which the Borrower becomes a
party after the Closing Date that: 
 (a) replaces or substitutes for an existing Material Project Document; 

(b) with respect to any gas supply contract between the Borrower and any Qualified Gas Supplier or any gas transportation contract between the
Borrower and any Qualified Transporter, (i) contains obligations and liabilities that are in excess of twenty million Dollars ($20,000,000) per year and (ii) is for a term that is greater than seven (7) years; or 

 (c) except as provided in clause (b) above, (i) contains obligations and liabilities
that are in excess of fifty million Dollars ($50,000,000) over its term (including after taking into account all amendments, amendments and restatements, supplements, or waivers to any such contract, agreement, letter agreement or other instrument)
and (ii) is for a term that is greater than two (2) years; provided, that the following shall not constitute Additional Material Project Documents: (A) any construction contracts entered into following the Closing Date, until
such time as the Borrower has entered into construction contracts following the Closing Date that contain obligations and liabilities which in the aggregate are equal to at least one hundred million Dollars ($100,000,000), (B) until Train 6
Debt has been incurred, any Train 6 FOB Sale and Purchase Agreement, and (C) until Train 6 Debt has been incurred, any agreement containing obligations or liabilities of the Borrower which are not effective by their terms unless and until the
Train 6 Debt is incurred; provided, further, that any guarantee provided in favor of the Borrower by a Guarantor (as defined in and under any Train 6 FOB Sale and Purchase Agreement) shall constitute an Additional Material Project
Document to the extent such Train 6 FOB Sale and Purchase Agreement constitutes an Additional Material Project Document; and 

provided, that for the purposes of this definition, any series of related transactions shall be considered as one transaction, and all
contracts, agreements, letter agreements or other instruments in respect of such transactions shall be considered as one contract, agreement, letter agreement or other instrument, as applicable. 

“Additional Proceeds Account” has the meaning assigned to such term in the Accounts Agreement. 

“Additional Secured Debt” means any of (a) the Secured Train 6 Debt, (b) the Secured Replacement Debt, (c) the Secured Working
Capital Debt, and (d) the Secured PDE Debt. 
 “Advance” means a borrowing of a loan, issuance of or drawing upon a letter of
credit or the issuance of debt securities pursuant to any Secured Debt Instrument.  
 “Affiliate” means, with respect to any
Person, another Person that directly or indirectly Controls, or is under common Control with, or is Controlled by, such Person and, if such Person is an individual, any member of the immediate family (including parents, spouse, children and
siblings) of such individual and any trust whose principal beneficiary is such individual or one or more members of such immediate family and any Person who is Controlled by any such member or trust. Notwithstanding the foregoing, the definition of
“Affiliate” shall not encompass (a) any individual solely by reason of his or her being a director, officer, manager or employee of any Person and (b) any Facility Agent, the Common Security Trustee or any Secured Debt Holder.

 “Agreement” has the meaning provided in the Preamble to the Common Terms Agreement. 

“Amended and Restated Common Terms Agreement” has the meaning set forth in the Recitals to the Common Terms Agreement. 

  
 2 

 “Amended and Restated Credit Agreement” has the meaning set forth in the Recitals to the Common
Terms Agreement. 
 “Amended and Restated Intercreditor Agreement” has the meaning set forth in the Recitals to the Common Terms Agreement.

 “Amended and Restated Limited Liability Company Agreement” means the Amended and Restated Limited Liability Company Agreement of the
Borrower, dated as of July 31, 2012. 
 “Ancillary Document” means, with respect to each Additional Material Project Document: 

(a) each security agreement or instrument, if any, necessary to grant to the Common Security Trustee a first priority perfected Lien in such
Additional Material Project Document; 
 (b) except with respect to any (i) gas supply contract between the Borrower and any Qualified
Gas Supplier, (ii) such Additional Material Project Document not entered into to replace Material Project Documents specified in items (a) through (m) which contains obligations and liabilities that are below fifty million Dollars
($50,000,000) over its term or (iii) pipeline transportation service agreements described in clause (c)(y) below, an opinion of counsel to the Common Security Trustee from each Person party to such Additional Material Project Document with
respect to the due authorization, execution and delivery of such document and its validity and enforceability against such Person and such other matters as the Common Security Trustee may reasonably request; 

(c) except with respect to (x) any gas supply contract between the Borrower and any Qualified Gas Supplier, and (y) any pipeline
transportation service agreement (but not any precedent agreement with a transporter other than Natural Gas Pipeline Company of America LLC that provides for the subsequent execution of a transportation service agreement) with any counterparty that
owns and operates a natural gas pipeline that is subject to FERC jurisdiction and that is not an Affiliate of the Borrower, a Consent from each Person party to such Additional Material Project Document and any other Person guaranteeing or otherwise
supporting such Project Party’s obligations; 
 (d) evidence of the authorization of the Borrower to execute, deliver and perform such
Additional Material Project Document; and 
 (e) a certificate of the Borrower executed by an Authorized Officer of the Borrower, certifying
that all Government Approvals then necessary for the execution, delivery and performance of such Additional Material Project Document have been duly obtained, were validly issued and are in full force and effect. 

  
 3 

 “Anti-Corruption Laws” means the Foreign Corrupt Practices Act of 1977 and the rules and
regulations thereunder, the United Kingdom Bribery Act 2010 and all laws, rules, and regulations of any jurisdiction applicable to the Borrower at the relevant time concerning or relating to bribery or corruption. 

“Anti-Terrorism and Money Laundering Laws” means any of the following (a) Section 1 of Executive Order 13224 of September 24,
2001, Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (Title 12, Part 595 of the US Code of Federal Regulations), (b) the Terrorism Sanctions Regulations (Title 31 Part 595 of the
US Code of Federal Regulations), (c) the Terrorism List Governments Sanctions Regulations (Title 31 Part 596 of the US Code of Federal Regulations), (d) the Foreign Terrorist Organizations Sanctions Regulations (Title 31 Part 597 of the US
Code of Federal Regulations), (e) the USA Patriot Act of 2001 (Pub. L. No. 107-56), (f) the U.S. Money Laundering Control Act of 1986, as amended, (g) the Bank Secrecy Act, 31 U.S.C. sections 5301 et seq., (h) Laundering of
Monetary Instruments, 18 U.S.C. section 1956, (i) Engaging in Monetary Transactions in Property Derived from Specified Unlawful Activity, 18 U.S.C. section 1957, (j) the Financial Recordkeeping and Reporting of Currency and Foreign
Transactions Regulations (Title 31 Part 103 of the US Code of Federal Regulations), (k) any other similar federal Government Rule having the force of law and relating to money laundering, terrorist acts or acts of war, and (l) any
regulations promulgated under any of the foregoing. 
 “Authorized Officer” means: (a) with respect to any Person that is a
corporation, the chairman, president, senior vice president, vice president, treasurer, assistant treasurer, attorney-in-fact, secretary or assistant secretary of such Person, (b) with respect to any Person that is a partnership, the chairman,
president, senior vice president, vice president, treasurer, assistant treasurer, attorney-in-fact, secretary or assistant secretary of such Person or a general partner of such Person and (c) with respect to any Person that is a limited
liability company, the chairman, president, senior vice president, vice president, treasurer, assistant treasurer, attorney-in-fact, secretary or assistant secretary, a manager, the managing member or a duly appointed officer of such Person. 

“Availability Period” (and correlative terms) has the meaning provided in the relevant Secured Debt Instrument. 

“Bankruptcy” means, with respect to any Person, the occurrence of any of the following events, conditions or circumstances: 

(a) such Person shall file a voluntary petition in bankruptcy or shall be adjudicated as bankrupt or insolvent, or shall file any petition or
answer or consent seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief for itself under the Bankruptcy Code or any present or future applicable

  
 4 

 
federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors, or shall seek or consent to or acquiesce in the appointment of any trustee,
receiver, conservator or liquidator of such Person or of all or any substantial part of its properties (the term “acquiesce,” as used in this definition, includes the failure to file in a timely manner a petition or motion to vacate or
discharge any order, judgment or decree after entry of such order, judgment or decree); 
 (b) a case or other proceeding shall be commenced
against such Person without the consent or acquiescence of such Person seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief with respect to such Person or its debts under the Bankruptcy Code
or any present or future applicable federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors, or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar
official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed or unstayed for a period of sixty (60) consecutive days; 

(c) a court of competent jurisdiction shall enter an order, judgment or decree approving a petition filed against such Person seeking a
reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the Bankruptcy Code, or any other present or future applicable federal, state or other statute or law relating to bankruptcy, insolvency,
reorganization or other relief for debtors, and such Person shall acquiesce in the entry of such order, judgment or decree or such order, judgment or decree shall remain undischarged, unvacated or unstayed for ninety (90) days (whether or not
consecutive) from the date of entry thereof, or any trustee, receiver, conservator or liquidator of such Person or of all or any substantial part of its property shall be appointed without the consent or acquiescence of such Person and such
appointment shall remain unvacated and unstayed for an aggregate of ninety (90) days (whether or not consecutive); 
 (d) such Person
shall admit in writing its inability to pay its debts as they mature or shall generally not be paying its debts as they become due; 
 (e)
such Person shall make an assignment for the benefit of creditors or take any other similar action for the protection or benefit of creditors; 

(f) such Person shall take any corporate or partnership action for the purpose of effecting any of the foregoing; or 

(g) an order for relief shall be entered in respect of such Person under the Bankruptcy Code. 

  
 5 

 “Bankruptcy Code” means the United States Bankruptcy Reform Act of 1978, as heretofore and
hereafter amended, and codified as 11 U.S.C. Section 11 et seq. 
 “Base Case Forecast” means the financial projections in the form
attached as Exhibit E to the Common Terms Agreement (as such Base Case Forecast shall be updated in accordance with Section 2.5(c) (PDE Debt), Section 2.6(f) (Replacement Debt), and Section 2.7(a)(xi)(B) (Train
6 Debt). 
 “BG” means BG Gulf Coast LNG, LLC. 

“BG DFCD Deadline” means the date that is sixty (60) days prior to the date upon which BG would have the right to terminate the BG FOB
Sale and Purchase Agreement for any failure to achieve the Train 1 DFCD (as defined in the BG FOB Sale and Purchase Agreement) by such date, as extended by any waivers, modifications or amendments to the BG FOB Sale and Purchase Agreement in
accordance with Section 7.9 (Project Documents, Etc.), but without giving effect to cure rights under any Consent between the Common Security Trustee and BG. 

“BG FOB Sale and Purchase Agreement” means the Amended and Restated LNG Sale and Purchase Agreement (FOB), dated January 25, 2012,
between the Borrower and BG. 
 “Blackstone” means Blackstone Capital Partners VI-Q L.P., a Delaware limited partnership, and/or Blackstone
CQP Holdco LP, a Delaware limited partnership, as the context may require. 
 “Board” means the Board of Governors of the Federal Reserve
System. 
 “Borrower” has the meaning provided in the Preamble to the Common Terms Agreement. 

“Borrower Security Agreement” means the Second Amended and Restated Security Agreement, dated as of June 30, 2015, between the Borrower
and the Common Security Trustee. 
 “Borrowing Date” means, with respect to each Advance, the date on which funds are disbursed by the
applicable Facility Lenders (or the Facility Agents on their behalf) to the Borrower. 
 “Borrowing Notice” means, with respect to any
Advance under any of the Facilities, each request substantially in the form set forth in Exhibit J to the Common Terms Agreement. 

“Break Costs” means the aggregate of LIBOR (as defined in the applicable Secured Debt Instrument) breakage expenses, prepayment
indemnities or other similar amounts that will become payable by the Borrower in respect of any prepayment under any Secured Debt Instruments, or any revocation of a notice of prepayment delivered under any of the foregoing, in each case as further
defined in such Secured Debt Instruments.  

  
 6 

 “Business Day” means (i) for purposes of the making of LIBO Loans (as defined in the
applicable Secured Debt Instrument), any day (a) other than a Saturday, Sunday or any other day which is a legal holiday or a day on which banking institutions are permitted to be closed in New York, New York and, if at the time any ROK
Financial Institution is a Facility Lender, Seoul, Korea and (b) that is also a day on which dealings in Dollar deposits are carried out in the London interbank market, (ii) for purposes of delivery of the certificate of the Borrower in
connection with issuance of Replacement Debt pursuant to Section 2.6(i) (Replacement Debt), any day other than a Saturday, Sunday or any other day which is a legal holiday or a day on which banking institutions are permitted to be closed
in New York, New York, and (iii) for all other purposes, any day other than a Saturday, Sunday or any other day which is a legal holiday or a day on which banking institutions are permitted to be closed in New York, New York and, if at the time
any ROK Financial Institution is a Facility Lender, Seoul, Korea. 
 “Business Interruption Insurance Proceeds” means all proceeds of any
insurance policies required pursuant to the Common Terms Agreement or otherwise obtained with respect to the Borrower or the Project insuring the Borrower against business interruption or delayed start-up. 

“Buyer” has the meaning given to it in the applicable FOB Sale and Purchase Agreement.  

“Capital Lease Obligations” means, for any Person, the obligations of such Person to pay rent or other amounts under a lease of (or other
agreement conveying the right to use) Property of such Person to the extent such obligations are required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP (including Statement of Financial Accounting
Standards No. 13 of the Financial Accounting Standards Board) and, for purposes of the Financing Documents, the amount of such obligations shall be the capitalized amount of such obligations, determined in accordance with GAAP (including such
Statement No. 13). 
 “Cash Flow” means, for any period, the sum (without duplication) of the following: 

(a) all cash paid to the Borrower during such period in connection with the ownership or operation of the Project; 

(b) all interest and investment earnings paid to the Borrower or accrued to the Accounts during such period on amounts on deposit in the
Accounts (excluding interest and investment earnings that accrue on the amounts on deposit in any of the Senior Debt Facilities Debt Service Reserve Account, the Additional Debt Service Reserve Accounts (as defined in the Accounts Agreement), or any
account established to prefund interest on any Senior Debt, if any, in any case, which are not transferred to the Revenue Account pursuant to Section 5.06(c) (Debt Service Reserve Accounts) of the Accounts Agreement); 

  
 7 

 (c) all cash paid to the Borrower during such period as Business Interruption Insurance
Proceeds; and 
 (d) solely with respect to the calculation of the Debt Service Coverage Ratio for purposes of compliance with
Section 6.15 (Debt Service Coverage Ratio), all cash paid to the Borrower during the applicable period from any direct or indirect owner of the Borrower by way of equity contribution or subordinated shareholder loans (in each case as
otherwise permitted pursuant to the terms of the Financing Documents); 
 provided, however, that Cash Flow shall not include
any proceeds of any Senior Debt or any other Indebtedness incurred by the Borrower (other than pursuant to clause (d) above); Insurance Proceeds; Condemnation Proceeds; proceeds from any disposition of assets of the Project or the Borrower
other than the sale of capacity, LNG, natural gas and other commercial products in the ordinary course of business; except as provided in clause (d) above, amounts received, whether by way of a capital contribution or subordinated loans, from
the Sponsor or any direct or indirect holders of Equity Interests of the Borrower; and any cash deposited into the Additional Proceeds Account. 

“Cash Flow Available for Debt Service” means, for any period, an amount equal to the amount of Cash Flow deposited in the Revenue Account
(from and after the Project Completion Date) or the Equity Proceeds Account (prior to the Project Completion Date) during such period minus all amounts paid during such period in respect of (i) Operation and Maintenance Expenses,
(ii) fees, costs, charges and any other amounts then due and owing to the Secured Parties in connection with this Agreement and the other Financing Documents and (iii) the amount necessary for the payment of interest then due and payable
with respect to Working Capital Debt. 
 “CCTPL Consent Agreement” means the Amended and Restated Consent and Agreement, dated as of
May 28, 2013, between the Borrower and The Bank of New York Mellon, as collateral agent, and acknowledged and agreed to by Cheniere Creole Trail Pipeline, L.P., with respect to the Creole Trail Precedent Agreement. 

“Centrica” means Centrica plc. 

“Centrica DFCD Deadline” means the date that is sixty (60) days prior to the date upon which Centrica would have the right to terminate
the Centrica FOB Sale and Purchase Agreement for any failure to achieve the Date of First Commercial Delivery (as defined in the Centrica FOB Sale and Purchase Agreement) by such date, as extended by any waivers, modifications or amendments to the
Centrica FOB Sale and Purchase Agreement in accordance with Section 7.9 (Project Documents, Etc.), but without giving effect to cure rights under any Consent between the Common Security Trustee and Centrica. 

  
 8 

 “Centrica FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB),
dated March 22, 2013, between the Borrower and Centrica. 
 “CERCLA” means the Comprehensive Environmental Response,
Compensation and Liability Act (42 U.S.C. § 9604, et seq.), as amended, and rules and regulations issued thereunder.  
 “Change
Order” with respect to any of the EPC Contracts, has the meaning assigned to the term “Change Order” in such EPC Contract. 

“Cheniere Marketing LNG Sale and Purchase Agreement” means collectively, the Master LNG Sale and Purchase Agreement (FOB), dated as of
May 12, 2015, between the Borrower and Cheniere Marketing International LLP and the Confirmation – Sabine T1-T4 Commissioning Cargoes, dated as of May 12, 2015, between the Borrower and Cheniere Marketing International LLP.

 “Closing Date” means the date on which the conditions precedent set forth in Schedule 5.1 (Conditions to Closing Date)
to the Common Terms Agreement have been satisfied or waived in accordance with Section 5.1 (Conditions to Closing Date). 
 “CMI
LNG Sale and Purchase Agreement” means the Amended and Restated LNG Sale and Purchase Agreement (FOB), dated August 5, 2014, between the Borrower and Cheniere Marketing LLC. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” means, without duplication: 

(a) the Collateral (as defined in the Borrower Security Agreement); 

(b) the Collateral (as defined in the Pledge Agreement); 

(c) the Account Collateral; and 

(d) all other real and personal property which is subject, from time to time, to the security interests or liens granted by the Security
Documents. 
 “Commercial Bank Debt” means undisbursed committed amounts and Commercial Bank Loans incurred by the Borrower in the
aggregate amount of up to two billion eight hundred fifty million Dollars ($2,850,000,000.00) pursuant to the Term Loan A Credit Agreement. 

“Commercial Bank Lenders” means any Person from time to time party to the Term Loan A Credit Agreement as a Commercial Bank Lender. 

  
 9 

 “Commercial Bank Loan Notes” has the meaning provided in the Term Loan A Credit Agreement. 

“Commercial Bank Loans” means loans made by the Commercial Bank Lenders to the Borrower in an aggregate amount of up to two billion eight
hundred fifty million Dollars ($2,850,000,000.00) in accordance with and pursuant to the terms of the Term Loan A Credit Agreement. 
 “Commercial
Banks Facility” means the Dollar term loan facility made available to the Borrower pursuant to Section 2.01 (Commercial Bank Loans) of the Term Loan A Credit Agreement. 

“Commercial Banks Facility Agent” means the Commercial Banks Facility Agent under and as defined in the Term Loan A Credit Agreement. 

“Commercial Banks Facility Commitment” means, in relation to a Commercial Bank Lender, the amount referred to in Schedule 2.01
(Lenders, Commitments) to the Term Loan A Credit Agreement (as such Schedule 2.01 may be updated from time to time). 
 “Common
Security Trustee” means Société Générale or any successor to it appointed pursuant to the terms of the Security Agency Agreement. 

“Common Security Trustee/Commercial Banks Facility Agent/Intercreditor Agent Fee Letter” means the Second Amended and Restated Fee Letter
dated as of June 30, 2015, between the Borrower and Société Générale, in its capacities as the Commercial Banks Facility Agent, the Common Security Trustee, and the Intercreditor Agent. 

“Common Terms Agreement” means the Second Amended and Restated Common Terms Agreement, dated as of June 30, 2015, among the Borrower,
the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common Security Trustee and the Intercreditor Agent. 

“Communications” has the meaning provided in Section 10.11(e) (Notices and Other Communication). 

“Condemnation Proceeds” means any amounts and proceeds of any kind (including instruments) payable in respect of any Event of Taking. 

“ConocoPhillips License Agreements” means, collectively, the Stage 1 ConocoPhillips License Agreement, the Stage 2 ConocoPhillips License
Agreement, the Stage 3 ConocoPhillips License Agreement, and, if Train 6 Debt has been incurred, the Stage 4 ConocoPhillips License Agreement. 

  
 10 

 “Consents” means (a) each consent to collateral assignment required to be entered into
pursuant to the Financing Documents (including each consent to collateral assignment set forth on Annex A (Closing Date Consents) to the Common Terms Agreement and each consent to collateral assignment entered into pursuant to
Section 7.9(e) (Project Documents, Etc.), in each case by and among the Borrower, the Common Security Trustee and the Persons identified therein and in substantially the form of Exhibits B-1 (Form of EPC Contract Consent and
Agreement), B-2 (Form of ConocoPhillips License Agreement Consent), B-3 (Form of Material Project Document (Non-Affiliate) Consent), B-4 (Form of Material Project Document (Affiliate) Consent), and
B-5 (Form of Guarantee Consent) to the Common Terms Agreement, as applicable, and (b) each subordination, non-disturbance, surface use and/or recognition agreement, affidavit of use and possession, estoppel certificate from
counterparties to the Real Property Documents required to be entered into pursuant to the Financing Documents. 
 “Construction Account”
has the meaning assigned to such term in the Accounts Agreement. 
 “Construction Budget” means a budget attached as Exhibit
D-1 to the Common Terms Agreement setting forth, on a monthly basis, the timing and amount of all projected payments of Project Costs through the date that is ninety (90) days after the projected date of Substantial Completion for
Subproject 5 under and as defined in the Stage 3 EPC Contract. If Train 6 Debt has been incurred, such budget shall be revised setting forth, on a monthly basis, the timing and amount of all projected payments of Project Costs through the date that
is ninety (90) days after the projected date of Substantial Completion for Subproject 6 under and as defined in the Stage 4 EPC Contract. Such budget shall (A) be certified by the Borrower as the best reasonable estimate of the information
set forth therein as of (i) the Closing Date and (ii) the date on which the Train 6 Debt is incurred, if applicable, (B) be consistent with the requirements of the Transaction Documents and (C) be in form and substance acceptable
to (i) the Facility Lenders on the Closing Date and (ii) each of the Facility Lenders on the date on which the Train 6 Debt is incurred, if applicable, in consultation with the Independent Engineer, in each case as may be amended,
supplemented, or otherwise modified to take into account any Change Orders permitted under Section 7.13 (EPC and Construction Contracts). 

“Construction Report” means a “Construction Report” certified by an Authorized Officer of the Borrower and delivered from time to
time as contemplated by Section 8.5 (Construction Reports). 
 “Construction Schedule” means a schedule attached as Exhibit
D-2 to the Common Terms Agreement setting forth the proposed engineering, procurement, construction and testing milestone schedule for the Project’s Development through the date that is ninety (90) days after the projected date of
Substantial Completion for Subproject 5 under and as defined in the Stage 3 EPC Contract. If Train 6 Debt has been incurred, such budget shall be revised setting forth the proposed engineering, procurement, construction and testing milestone
schedule for the Project’s Development through the date that is ninety (90) days after the projected date of Substantial 

  
 11 

 
Completion for Subproject 6 under and as defined in the Stage 4 EPC Contract. Such schedule shall (A) be certified by the Borrower as the best reasonable estimate of the information set
forth therein as of (i) the Closing Date and (ii) the date on which the Train 6 Debt is incurred, if any, (B) be consistent with the requirements of the Transaction Documents and (C) be in form and substance acceptable to
(i) the Facility Lenders on the Closing Date and (ii) each of the Facility Lenders on the date on which the Train 6 Debt is incurred, if any, in consultation with the Independent Engineer, in each case as may be amended, supplemented, or
otherwise modified to take into account any Change Orders permitted under Section 7.13 (EPC and Construction Contracts). 

“Consultants” means the Independent Engineer, the Insurance Advisor and the Market Consultant. 

“Contest” or “Contested” means, with respect to any Person, with respect to any Taxes or any Lien imposed on Property of
such Person (or the related underlying claim for labor, material, supplies or services) by any Government Authority for Taxes or with respect to obligations under ERISA or any Mechanics’ Lien (each, a “Subject Claim”), a contest of
the amount, validity or application, in whole or in part, of such Subject Claim pursued in good faith and by appropriate legal, administrative or other proceedings diligently conducted so long as: 

(a) cash reserves reasonably satisfactory to the Common Security Trustee have been established with respect to any such Subject Claim that is
in excess of ten million Dollars ($10,000,000); 
 (b) during the period of such contest the enforcement of such Subject Claim is effectively
stayed and any Lien (including any inchoate Lien) arising by virtue of such Subject Claim and securing amounts in excess of ten million Dollars ($10,000,000) shall, if required by applicable Government Rule, be effectively secured by posting of cash
collateral or a surety bond (or similar instrument) by a reputable surety company; 
 (c) no Secured Party or any of its officers, directors
or employees has been or could reasonably be expected to be exposed to any risk of criminal or civil liability or sanction in connection with such contested items; 

(d) the failure to pay such Subject Claim under the circumstances described above could not otherwise reasonably be expected to result in a
Material Adverse Effect; and 
 (e) any contested item determined to be due, together with any interest or penalties thereon, is promptly
paid when due after resolution of such Contest, if required by such resolution. The term “Contest” used as a verb shall have a correlative meaning. 

  
 12 

 “Contingency” means the Dollar amount identified as “Contingency” in the Construction
Budget to be used to fund payment of Project Costs reasonably and necessarily incurred by the Borrower that are not line items, or are in excess of the line item amounts (except as contingency line items), in the Construction Budget. 

“Contractual Obligations” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or
other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Control” (including, with its
correlative meanings, “Controlled by” and “under common Control with”) means possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of
securities or partnership or other ownership interests, by contract or otherwise) and, in any event, any Person owning at least fifty percent (50%) of the voting securities of another Person shall be deemed to Control that Person. 

“Cooperation Agreement” means the Amended and Restated Cooperation Agreement, dated as of June 30, 2015, between the Borrower and
SPLNG.  
 “CQP Indemnity Letter” means that certain amended and restated indemnity letter, dated as of June 30, 2015, between
the Sponsor and the Borrower with respect to Lease Agreements, the Subleases and the Sabine Pass TUA. 
 “Creole Trail Pipeline Transportation
Agreement” means the Firm Transportation Agreement, dated as of March 11, 2015, between the Borrower and Cheniere Creole Trail Pipeline, L.P. pursuant to the Creole Trail Precedent Agreement. 

“Creole Trail Precedent Agreement” means the Transportation Precedent Agreement, dated as of August 6, 2012, between Cheniere Creole
Trail Pipeline, L.P. and the Borrower, as amended by that certain First Amendment to Transportation Precedent Agreement Firm Transportation Services, dated as of November 5, 2012, as further amended by that certain Second Amendment to
Transportation Precedent Agreement Firm Transportation Services, dated as of March 11, 2015. 
 “Date Certain” means, (i) as of
the Closing Date, the earlier to occur of the Centrica DFCD Deadline and the Total DFCD Deadline and (ii) if Train 6 Debt has been incurred, the earliest to occur of any Train 6 DFCD Deadline. 

“Debt Service” means, for any period, the sum of (without duplication): 

(a) all fees scheduled to become due and payable (or, for purposes of the Debt Service Coverage Ratio, accrued or paid) during such period in
respect of any Senior Debt; 

  
 13 

 (b) interest on the Senior Debt (taking into account any Interest Rate Protection Agreements)
scheduled to become due and payable (or for the purposes of the Debt Service Coverage Ratio, accrued or paid) during such period; 
 (c)
scheduled principal payments of the Senior Debt to become due and payable (or, for purposes of the Debt Service Coverage Ratio, accrued or paid) during such period; 

(d) all payments due or anticipated to become due (or, for purposes of the Debt Service Coverage Ratio, accrued or paid) by the Borrower
pursuant to Sections 4.03 (Increased Costs) and 4.06 (Taxes) of the Term Loan A Credit Agreement, 4.03 (Increased Costs) and 4.06 (Taxes) of the KSURE Covered Facility Agreement, 4.03 (Illegality) and 4.06
(Taxes) of the KEXIM Direct Facility Agreement, 4.03 (Increased Costs) and 4.06 (Taxes) of the KEXIM Covered Facility Agreement with respect to such principal, interest and fees and similar payments under any Senior Debt
Instrument; and 
 (e) any indemnity payments due to any of the Secured Parties. 

“Debt Service Coverage Ratio” or “DSCR” means, as at each Payment Date (subject to the proviso below) or any other period of
calculation specified in any other Financing Documents, the ratio of Cash Flow Available for Debt Service for the preceding 12-month period to the aggregate amount required to service the Borrower’s Debt Service payable for the preceding
12-month period (other than (i) pursuant to voluntary prepayments or mandatory prepayments, (ii) the principal amount of any Debt Service due at maturity, (iii) Working Capital Debt, (iv) LC Costs, (v) interest in respect of
Debt Service or net amounts under any Permitted Hedging Agreements in respect of interest rates, in each case paid prior to the end of the Availability Period and (vi) Hedging Termination Amounts); provided, that for any DSCR calculation
performed after the Initial Quarterly Payment Date prior to the first anniversary of the Initial Quarterly Payment Date, the calculation will be based on the number of months elapsed since the Initial Quarterly Payment Date. 

“Debt to Equity Ratio” means, at any time, the ratio of (a) the sum of the Total Debt at such time outstanding to (b) the aggregate
amount of all Funded Equity. 
 “Default” means an Event of Default or an event or condition which, with the giving of notice, lapse of
time or upon a declaration or determination being made (or any combination thereof), would become an Event of Default. 
 “Default
Rate” means interest at a rate per annum equal to the highest LIBOR applicable to the Facility Loans then outstanding, plus two percent (2%). 

  
 14 

 “Delay Liquidated Damages” means any liquidated damages resulting from a delay with respect to
the Project which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any delay. 

“Development” means the development, acquisition, ownership, occupation, construction, equipping, testing, repair, operation, maintenance and
use of the Project and the purchase and sale of natural gas and the sale of LNG, the export of LNG from the Project (and, if elected, the import of LNG to the extent the Borrower has all necessary Government Approvals therefor), the transportation
of natural gas to the Project by third parties, and the sale of other Services or other products or by-products of the Project and all activities incidental thereto, in each case in accordance with the Transaction Documents. If Train 6 Debt has been
incurred, all references to Development shall include the Train 6 Development. “Develop” and “Developed” shall have the correlative meanings. 

“Development Expenditures” means, for any period, the aggregate amount of all expenditures of the Borrower payable during such period that,
in accordance with GAAP, are or should be included in “purchase of property, plant and equipment” or similar items reflected in the consolidated statement of cash flows of the Borrower. 

“Disbursement Endorsement” means (a) advice from the Title Company to the effect that a search of the public records of Cameron Parish,
Louisiana discloses no conditional sales contracts, chattel mortgages, leases of personalty, financing statements or title retention agreements filed and/or recorded against the Borrower or the Project since the effective date of the Title Policy or
the date of the previous endorsement, as applicable (except matters constituting Permitted Liens), and (b) endorsement(s) to the Title Policy (dated not earlier than two (2) Business Days prior to the date of the requested Advance or the
Project Completion Date, as applicable), indicating that since the effective date of the Title Policy (or the date of the last preceding endorsement(s) to the Title Policy, if later), (1) there has been no change in the state of the title to
the Mortgaged Property (other than matters constituting Permitted Liens or matters otherwise approved by the Common Security Trustee), and (2)(A) containing no survey exceptions other than Permitted Liens or exceptions not otherwise approved by
the Common Security Trustee, (B) no exceptions for Mechanics’ Liens except as specified in subsection (h) of the definition of Permitted Liens, (C) affirmative coverage for Mechanics’ Liens through the date of the EPC
Contractor’s most recent Interim Conditional Lien Waiver (as that term is defined in the applicable EPC Contract) and (D) complying with the pending disbursement provisions set forth in Schedule B to the Title Policy, and which
endorsement(s) shall have the effect of re-dating the Date of Coverage (as that term is defined in the Title Policy) to the date of such endorsement(s) and increasing the coverage of the Title Policy by an amount equal to the Advance then being made
if the Title Policy does not by its terms provide for such increase. 

  
 15 

 “Discharge Date” means the date on which: 

(a) the Common Security Trustee, each Facility Agent and the Secured Debt Holders shall have received final indefeasible payment in full in
cash of all of the Obligations and all other amounts owing to the Facility Agents, the Common Security Trustee, the Secured Debt Holders and the other Secured Parties under the Financing Documents (other than Obligations thereunder that by their
terms survive and with respect to which no claim has been made by the applicable Secured Parties and, at the option of the Borrower and to the extent permitted by the Secured Debt Instrument governing any (i) Senior Bonds, other than
Obligations payable in respect of Senior Bonds if the amounts payable in respect of all other Obligations have been so paid in full (except Obligations subject to the Borrower’s option under the succeeding clause (ii)) and (ii) Working
Capital Debt, other than Obligations payable in respect of Working Capital Debt if the amounts payable in respect of all other Obligations have been so paid in full (except Obligations subject to the Borrower’s option under the preceding clause
(i)); 
 (b) the Senior Debt Commitments shall have terminated, expired or been reduced to zero Dollars ($0); and 

(c) each Permitted Hedging Agreement that would constitute a Secured Obligation shall have terminated or expired. 

“Distribution Account” has the meaning assigned to such term in the Accounts Agreement. 

“DOE/FE” shall mean the United States Department of Energy Office of Fossil Energy or any successor thereto having jurisdiction over the
import of LNG to and the export of LNG from the Project. 
 “Dollars” and “$” means lawful money of the United States.

 “Environmental Affiliate” means any Person, to the extent the Borrower could reasonably be expected to have liability as a result of the
Borrower retaining, assuming, accepting or otherwise being subject to liability for Environmental Claims relating to such Person, whether the source of the Borrower’s obligation is by contract or operation of Government Rule. 

“Environmental Claim” means any notice, claim, demand, administrative, regulatory or judicial action, suit, judgment or other written
communication (collectively, a “claim”) by any Person alleging or asserting liability for investigatory costs, cleanup or other remedial costs, legal costs, environmental consulting costs, governmental response costs, damages to natural
resources or other property, personal injuries, fines or penalties related to (a) the presence, Release or threatened Release into the environment, of any Hazardous Material at any location, whether or not owned by the Person against whom such
claim is made, or (b) any violation of any Environmental Law. The term “Environmental Claim” shall include any claim by any person or Government Authority for enforcement, cleanup, removal, response, remedial action or damages
pursuant to any Environmental Law, and any claim by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief under any Environmental Law. 

  
 16 

 “Environmental Laws” means all federal, state, and local statutes, laws, regulations, rules,
judgments (including all tort causes of action), orders or decrees, in each case as modified and supplemented and in effect from time to time relating to the regulation, use or protection of the environment, coastal resources, protected plant and
animal species, navigation, human health and safety or to Releases or threatened Releases of Hazardous Materials into the environment, including, without limitation, ambient air, soil, surface water, groundwater, wetlands, coastal waters, land or
subsurface strata, or otherwise relating to the generation, manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials. 

“EPC Contracts” means, collectively, the Stage 1 EPC Contract, the Stage 2 EPC Contract, the Stage 3 EPC Contract and, if Train 6 Debt has
been incurred, the Stage 4 EPC Contract. 
 “EPC Contractor” means Bechtel Oil, Gas and Chemicals, Inc. 

“EPC Letter of Credit” with respect to any EPC Contract, means the letter of credit posted by the EPC Contractor as required under such EPC
Contract. 
 “EQT Natural Gas Sale and Purchase Agreement” means the Base Contract for Sale and Purchase of Natural Gas, dated as of
December 1, 2013, between EQT Energy, LLC and the Borrower, as supplemented by Transaction Confirmation #61234, dated as of January 16, 2014, Transaction Confirmation #61225, dated as of January 16, 2014 and Transaction Confirmation
#65185, dated as of April 15, 2014, each executed between EQT Energy, LLC and the Borrower. 
 “Equity Interests” means, with respect
to any Person, any of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other
ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or
acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such
shares, warrants, options, rights or other interests are outstanding on any date of determination, in each such case including all voting rights and economic rights related thereto. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

  
 17 

 “ERISA Affiliate” means any corporation or trade or business which is a member of any group of
organizations: (a) described in Section 414(b) or (c) of the Code of which the Borrower is a member and (b) solely for purposes of potential liability under Section 302(b) of ERISA and Section 412(b) of the Code and the
lien created under Section 303(k) of ERISA and Section 430(k) of the Code, described in Section 414(m) or (o) of the Code of which the Borrower is a member. 

“ERISA Event” means: 
 (a) any
“reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan, other than events for which the 30-day notice period has been waived by current regulation under PBGC Regulation
Subsections .23, .27, .28, .29, .31 or .32; 
 (b) the failure with respect to any Plan to meet the minimum funding requirements of
Section 412 or 430 of the Code or Section 302 or 303 of ERISA, whether or not waived; 
 (c) the filing pursuant to
Section 412(c) of the Code or Section 303 of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; 

(d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of
any Plan; 
 (e) the filing of notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under
Section 4041 of ERISA; 
 (f) the institution of proceedings to terminate a Plan by PBGC or to appoint a trustee to administer any Plan;

 (g) the withdrawal by the Borrower or any of its ERISA Affiliates from a multiple employer plan (within the meaning of Section 4064
of ERISA) during a plan year in which it was a “substantial employer”, as such term is defined under Section 4064 of ERISA, upon the termination of a Multiemployer Plan or the cessation of operations under a Plan pursuant to
Section 4062(e) of ERISA; 
 (h) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Multiemployer Plan; 
 (i) the attainment of any Plan of “at risk” status within the
meaning of Section 430 of the Code or Section 303 of ERISA; 
 (j) the receipt by the Borrower or any ERISA Affiliate of any
notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in
reorganization or in critical, endangered or seriously endangered status, within the meaning of the Code or Title IV of ERISA; 

  
 18 

 (k) the failure of the Borrower or any ERISA Affiliate to pay when due any amount that has become
liable to the PBGC, any Plan or trust established thereunder pursuant to Title IV of ERISA or the Code; 
 (l) the adoption of an amendment
to a Plan requiring the provision of security to such Plan pursuant to Section 436(f) of the Code; or 
 (m) the Borrower or any of the
Subsidiaries engages in a “prohibited transaction” within the meaning of Section 4975 of the Code or Section 406 of ERISA that is not otherwise exempt by statute, regulation or administrative pronouncement. 

“Event of Abandonment” means any of the following shall have occurred: 

(a) the abandonment, suspension or cessation of all or substantially all of the activities related to the Development or the abandonment,
suspension or cessation of operations of any train of the Project, in each case, for a period in excess of sixty (60) consecutive days (other than as a result of force majeure so long as the Borrower is diligently attempting to restart the
Development or the train); 
 (b) a formal, public announcement by the Borrower of a decision to abandon or indefinitely defer or suspend the
Development for any reason; or 
 (c) the Borrower shall make any filing with FERC giving notice of the intent or requesting authority to
abandon the Development for any reason. 
 “Event of Default” means any of the events described in Section 9 (Events
of Default for Secured Debt).  
 “Event of Loss” means any event that causes (i) any Property of the
Borrower, or any portion thereof or (ii) all or substantially all of the pipelines necessary to supply gas to the Project, in each case, to be damaged, destroyed or rendered unfit for normal use for any reason whatsoever and, in each case,
shall include an Event of Taking.  
 “Event of Taking” means any taking, seizure, confiscation, requisition, exercise of rights of
eminent domain, public improvement, inverse condemnation, condemnation or similar action of or proceeding by any Government Authority relating to (i) all or any part of the Project, any Equity Interests in the Borrower or any other part of the
Collateral or (ii) all or substantially all of the pipelines necessary to supply gas to the Project. 

  
 19 

 “Facility” means any of: (a) the Commercial Banks Facility, (b) if applicable, the
Train 6 Facility, (c) the KEXIM Direct Facility, (d) the KEXIM Covered Facility, and (e) the KSURE Covered Facility, as the case may be; and “Facilities” means all of them. 

“Facility Agent” means any of: (a) the Commercial Banks Facility Agent, (b) if applicable, the Train 6 Facility Agent, (c) the
KEXIM Facility Agent, and (d) the KSURE Covered Facility Agent. 
 “Facility Agreements” means each of: (a) the Term Loan A
Credit Agreement, (b) if applicable, the Train 6 Facility Agreement, (c) the KEXIM Direct Facility Agreement, (d) the KEXIM Covered Facility Agreement, and (e) the KSURE Covered Facility Agreement. 

“Facility Commitments” means the aggregate of (a) the Commercial Banks Facility Commitment, (b) if applicable, the Train 6 Facility
Commitment, (c) the KEXIM Direct Facility Commitment, (d) the KEXIM Covered Facility Commitment, and (e) the KSURE Covered Facility Commitment. 

“Facility Debt” means the aggregate of: (a) the Commercial Bank Debt, (b) if applicable, the Train 6 Bank Debt, (c) the KEXIM
Direct Facility Debt, (d) the KEXIM Covered Facility Debt, and (e) the KSURE Covered Facility Debt. 
 “Facility Debt Reduction
Amount” means an amount calculated as of the Project Completion Date, equal to (i) the positive difference, if any, between total Project Costs as indicated in the Construction Budget delivered at the Closing Date or the revised
Construction Budget delivered pursuant to Section 2.7(a)(xi) (Train 6 Debt), if applicable, and the actual incurred and paid or reserved Project Costs as of the Project Completion Date, multiplied by (ii) 70% of the quotient of
(A) the Obligations outstanding under the Facilities divided by (B) Total Debt (excluding Working Capital Debt and any other Senior Debt that was incurred but not used for Project Costs). 

“Facility Lenders” means each of: (a) the Commercial Bank Lenders, (b) if applicable, the Train 6 Facility Lenders, (c) KEXIM,
(d) the KEXIM Covered Facility Lenders, and (e) the KSURE Covered Facility Lenders. 
 “Facility Loans” means each of:
(a) the Commercial Bank Loans, (b) if applicable, the Train 6 Loans, (c) the KEXIM Covered Facility Loans, (d) the KEXIM Direct Facility Loans and (e) the KSURE Covered Facility Loans. 

“Fee Letters” means (a) the Joint Lead Arranger Fee Letters, (b) if applicable, the Train 6 Fee Letters, (c) the Accounts Bank
Fee Letter, (d) the Common Security Trustee/Commercial Banks Facility Agent/Intercreditor Agent Fee Letter, (e) the KSURE Covered Facility Agent Fee Letter, and (f) the KEXIM Facility Agent Fee Letter. 

  
 20 

 “FERC” means the United States Federal Energy Regulatory Commission or any successor thereto
having jurisdiction over the transportation of natural gas through, or the siting, construction or operation of, the Project. 
 “Final
Completion” means the last to occur of (a) Final Completion under and as defined in the Stage 1 EPC Contract, (b) Final Completion under and as defined in the Stage 2 EPC Contract, (c) Final Completion under and as defined in
the Stage 3 EPC Contract and (d) if Train 6 Debt has been incurred, Final Completion under and as defined in the Stage 4 EPC Contract. 

“Final Maturity Date” means the date that is the earlier of the (i) second anniversary of the Project Completion Date and
(ii) December 31, 2020.  
 “Financing Documents” means each of: 

(a) the Common Terms Agreement; 

(b) each Secured Debt Instrument; 

(c) each of the Security Documents; 

(d) the Security Agency Agreement; 

(e) the Intercreditor Agreement; 

(f) the Notes; 
 (g) the Permitted
Hedging Agreements; 
 (h) the Fee Letters; 

(i) the CQP Indemnity Letter; 

(j) the Hedge Opportunity Letter; 

(k) the other financing and security agreements, documents and instruments delivered in connection with the Common Terms Agreement; and 

(l) each other document designated as a Financing Document by the Borrower and each Secured Debt Holder Group Representative. 

“Fiscal Quarter” means each three-month period commencing on each of January 1, April 1, July 1 and October 1
of any Fiscal Year and ending on the next March 31, June 30, September 30 and December 31, respectively. 

  
 21 

 “Fiscal Year” means any period of twelve (12) consecutive calendar months beginning on
January 1 and ending on December 31 of each calendar year. 
 “Fitch” means Fitch Ratings, Ltd. 

“Fixed Price Component” means, without duplication, the “Suspension Fee” or the “Xy” component of the “CSP” in
each case as defined in the KoGas FOB Sale and Purchase Agreement, the Centrica FOB Sale and Purchase Agreement, the Total FOB Sale and Purchase Agreement and any comparable component of the applicable pricing formula in any Train 6 FOB Sale and
Purchase Agreement that contains a pricing formula that is similar or comparable to that contained in such Kogas FOB Sale and Purchase Agreement, Centrica FOB Sale and Purchase Agreement, or Total FOB Sale and Purchase Agreement. 

“Flood Certificate” has the meaning assigned to such term in Schedule 5.1(bb)(i) (Flood Insurance). 

“Flood Program” has the meaning assigned to such term in Schedule 5.1(bb)(i)(C) (Flood Insurance). 

“FOB Sale and Purchase Agreements” means, collectively, the BG FOB Sale and Purchase Agreement, the GN FOB Sale and Purchase
Agreement, the KoGas FOB Sale and Purchase Agreement, the GAIL FOB Sale and Purchase Agreement, the Centrica FOB Sale and Purchase Agreement, the Total FOB Sale and Purchase Agreement, and, if Train 6 Debt has been incurred, the Train 6 FOB Sale and
Purchase Agreements and any replacements thereof which are Qualified FOB Sale and Purchase Agreements.  
 “Force Majeure” has the
meaning assigned to the term “Force Majeure” in each FOB Sale and Purchase Agreement. 
 “Funded Equity” means the sum of: 

(a) the amount of cash capital contributions made to the Borrower in respect of common and preferred membership interests in the Borrower from
and after January 1, 2012, plus 
 (b) without duplication of clause (a) above, the principal amount of cash subordinated
shareholder loans made to the Borrower from and after January 1, 2012 and prior to August 9, 2012, as certified by the Independent Engineer pursuant to Section 6.02(b)(i) (Conditions of Initial Advance) of the Original Credit
Agreement, plus 
 (c) without duplication of clause (a) and (b) above, (i) on the Closing Date, one billion six hundred
million Dollars ($1,600,000,000) and (ii) on any date after the Closing Date, cash flows received or reasonably expected to be received by the Borrower on and prior to the Project Completion Date from LNG sales permitted or required to be sold
to each 

  
 22 

 
of the Material Project Parties under the FOB Sale and Purchase Agreements and that are available (and upon the occurrence of the Project Completion Date were actually applied) for the payment of
Project Costs (excluding (A) working capital and (B) any revenues applied to operation and maintenance expenses associated with any train of the Project after it achieves Substantial Completion), plus 

(d) an amount equal to forty-four million two hundred forty-five thousand two hundred ten Dollars ($44,245,210), which represents the amount of
Project Costs paid for by the Borrower prior to January 1, 2012 as certified by the Independent Engineer. 
 “GAAP” means
generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the
Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently
applied.  
 “GAIL” means GAIL (India) Limited. 

“GAIL DFCD Deadline” means the date that is sixty (60) days prior to the date upon which GAIL would have the right to terminate the GAIL
FOB Sale and Purchase Agreement for any failure to achieve the Date of First Commercial Delivery (as defined in the GAIL FOB Sale and Purchase Agreement) by such date, as extended by any waivers, modifications or amendments to the GAIL FOB Sale and
Purchase Agreement in accordance with Section 7.9 (Project Documents, Etc.), but without giving effect to cure rights under any Consent between the Common Security Trustee and GAIL. 

“GAIL FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement, dated as of December 11, 2011, by and between
the Borrower and GAIL, as amended by that certain Amendment No. 1 of LNG Sale and Purchase Agreement, dated February 18, 2013. 

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

“Gas Hedge Provider” means any party (other than the Loan Parties or any of their Affiliates) that is a party to a Permitted Hedging
Agreement described in clause (b) of the definition thereof that is secured by a Security in the Collateral pursuant to the Security Documents. 

“Gas Sourcing Plan” means the Borrower’s plan attached as Exhibit G to the Common Terms Agreement. 

  
 23 

 “Gas Hedge Termination Value” means the amount of any termination payment owed by the Borrower
to a Gas Hedge Provider under a Secured Gas Hedge, or to any other counterparty under a Gas hedge agreement that is not a Secured Gas Hedge, in either case upon the termination of the Secured Gas Hedge or such other Gas hedge agreement that is not a
Secured Gas Hedge as a result of a party’s default thereunder. 
 “GE Contractual Service Agreement” means the Contractual Service
Agreement, dated as of December 18, 2014, between the Borrower and GE Oil & Gas, Inc. 
 “GN” means Gas Natural
Aprovisionamientos SDG S.A. 
 “GN DFCD Deadline” means the date that is sixty (60) days prior to the date upon which GN would have
the right to terminate the GN FOB Sale and Purchase Agreement for any failure to achieve the Date of First Commercial Delivery (as defined in the GN FOB Sale and Purchase Agreement) by such date, as extended by any waivers, modifications or
amendments to the GN FOB Sale and Purchase Agreement in accordance with Section 7.9 (Project Documents, Etc.), but without giving effect to cure rights under any Consent between the Common Security Trustee and GN. 

“GN FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB), dated November 21, 2011, between the Borrower and
GN, as amended by that certain Amendment No. 1 to the LNG Sale and Purchase Agreement (FOB), dated as of April 3, 2013. 
 “Government
Approval” means (a) any authorization, consent, approval, license, lease, ruling, permit, tariff, rate, certification, waiver, exemption, filing, variance, claim, order, judgment or decree of, by or with, (b) any required notice
to, (c) any declaration of or with or (d) any registration by or with, any Government Authority. 
 “Government Authority”
means any supra-national, federal, state or local government or political subdivision thereof or other entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and having jurisdiction
over the Person or matters in question.  
 “Government Rule” means any statute, law, regulation, ordinance, rule, judgment, order,
decree, directive, requirement of, or other governmental restriction or any similar binding form of decision of or determination by, or any interpretation or administration of any of the foregoing by, any Government Authority, including all common
law, which is applicable to any Person, whether now or hereafter in effect. 
 “Guarantee” means a guarantee, an endorsement, a contingent
agreement to purchase or to furnish funds for the payment or maintenance of, or otherwise to be or become contingently liable under or with respect to, the Indebtedness, other obligations, net worth, working capital or

  
 24 

 
earnings of any Person, or a guarantee of the payment of dividends or other distributions upon the stock or equity interests of any Person, or an agreement to purchase, sell or lease (as lessee
or lessor) Property of any Person, products, materials, supplies or services primarily for the purpose of enabling a debtor to make payment of his, her or its obligations or an agreement to assure a creditor against loss, and including causing a
bank or other financial institution to issue a letter of credit or other similar instrument for the benefit of another Person, but excluding (a) endorsements for collection or deposit in the ordinary course of business and (b) customary
non-financial indemnity or hold harmless provisions included in contracts entered into in the ordinary course of business. The terms “Guarantee” and “Guaranteed” used as verbs shall have correlative meanings. 

“Guaranteed Substantial Completion Date” with respect to each train of the Project has the meaning assigned to such term in the applicable
EPC Contract: 
 (a) without giving effect to any Change Order that affects such date, except any such Change Order which has been approved
by the Common Security Trustee and the Required Secured Parties; and 
 (b) after giving effect to an agreement between the Borrower and the
EPC Contractor to extend the Guaranteed Substantial Completion Date in accordance with the terms of such EPC Contract as a result of an event of Force Majeure (as defined in such EPC Contract); provided, that the Guaranteed Substantial
Completion Date for the (i) first train of the Project shall not be extended beyond the BG DFCD Deadline, (ii) second train of the Project shall not be extended beyond the GN DFCD Deadline, (iii) third train of the Project shall not
be extended beyond the KoGas DFCD Deadline, (iv) fourth train of the Project shall not be extended beyond the GAIL DFCD Deadline, (v) fifth train of the Project shall not be extended beyond the earlier to occur of the Centrica DFCD
Deadline and the Total DFCD Deadline and (vi) if Train 6 Debt has been incurred, sixth train of the Project shall not be extended beyond the earliest to occur of any Train 6 DFCD Deadline. 

“Hazardous Material” means: 

(a) any petroleum or petroleum byproducts, flammable materials, explosives, radioactive materials, friable asbestos, urea formaldehyde foam
insulation and polychlorinated biphenyls (PCBs); 
 (b) any chemicals, other materials, substances or wastes which are now or hereafter
become defined as or included in the definition of “hazardous substances”, “hazardous wastes”, “hazardous materials”, “extremely hazardous wastes”, “restricted hazardous wastes”, “toxic
substances”, “toxic pollutants”, “contaminants “, “pollutants” or words of similar import under any Environmental Law; and 

  
 25 

 (c) any other chemical, material, substance or waste which is now or hereafter regulated under or
with respect to which liability may be imposed under Environmental Law. 
 “Hedge Termination Value” means, in respect of any
Interest Rate Protection Agreement, after taking into account the effect of any legally enforceable netting agreement to which the Borrower is a party relating to such Interest Rate Protection Agreement, for any date on or after the date such
Interest Rate Protection Agreement has been closed out and termination value determined in accordance therewith, such termination value. 

“Hedging Agreement” means any agreement which evidences any interest rate, swap, forward rate transaction, commodity swap, commodity option,
commodity future, interest rate option, interest or commodity cap, interest or commodity collar transaction, currency swap agreement, currency future or option contract, or other similar agreements (other than the Facility Agreements). 

“Hedging Program” means the Hedging Program attached as Exhibit F to the Common Terms Agreement. 

“Holders” of Senior Debt shall be determined by reference to provisions of the relevant Senior Debt Instrument or Secured Hedge Instrument,
as applicable, setting forth who shall be deemed to be lenders, holders, or owners of the Senior Debt governed thereby. 
 “IE Confirming
Certificate” means, in respect of a Change Order or payment contemplated by Section 7.13(a) (EPC and Construction Contracts), a certificate of the Independent Engineer confirming that after giving effect to such Change Order or
payment (x)(A) the Train 1 DFCD under and as defined in the BG FOB Sale and Purchase Agreement will occur on or before the BG DFCD Deadline, (B) the Date of First Commercial Delivery under and as defined in the GN FOB Sale and Purchase
Agreement will occur on or before the GN DFCD Deadline, (C) the Date of First Commercial Delivery under and as defined in the KOGAS FOB Sale and Purchase Agreement will occur on or before the KoGas DFCD Deadline, (D) the Date of First
Commercial Delivery under and as defined in the GAIL FOB Sale and Purchase Agreement will occur on or before the GAIL DFCD Deadline, (E) the Date of First Commercial Delivery under and as defined in the Centrica FOB Sale and Purchase Agreement
will occur on or before the Centrica DFCD Deadline, (F) the Date of First Commercial Delivery under and as defined in the Total FOB Sale and Purchase Agreement will occur on or before the Total DFCD Deadline, and (G) if Train 6 Debt has
been incurred, the Date of First Commercial Delivery under and as defined in each of the Train 6 FOB Sale and Purchase Agreements will occur on or before the Train 6 DFCD Deadline applicable thereto, and (y) such Change Order or payment will
not result in Project Costs exceeding the funds then available to pay such Project Costs or reasonably expected (on terms and conditions that are reasonably acceptable to the Required Secured Parties) to be available to the Borrower at the time such
Project Costs become due and payable. 

  
 26 

 “Impairment” means, with respect to any Material Project Document or any Government Approval:

 (a) the rescission, revocation, staying, withdrawal, early termination, cancellation, repeal or invalidity thereof or otherwise ceasing to
be in full force and effect; 
 (b) the suspension or injunction thereof; or 

(c) the inability to satisfy in a timely manner stated conditions to effectiveness or amendment, modification or supplementation (other than,
in the case of a Material Project Document, any such amendment, modification or supplementation effected in accordance with Section 7.9 (Project Documents, Etc.)) thereof in whole or in part. The verb “Impair” shall have a
correlative meaning. 
 “Indebtedness” of any Person means without duplication: 

(a) all obligations of such Person for borrowed money or in respect of deposits or advances of any kind; 

(b) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements, or similar instruments; 

(c) all obligations of such Person upon which interest charges are customarily paid; 

(d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person
(even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property or are otherwise limited in recourse); 

(e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable
incurred in the ordinary course of business); 
 (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has
an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed; 

(g) all Guarantees by such Person of Indebtedness of others; 

(h) all Capital Lease Obligations of such Person; 

  
 27 

 (i) all obligations, contingent or otherwise, of such Person as an account party in respect of
letters of credit (including standby and commercial), bank guaranties, surety bonds, letters of guaranty and similar instruments; 
 (j) all
obligations of such Person in respect of any Hedging Agreement; 
 (k) all obligations, contingent or otherwise, of such Person in respect of
bankers’ acceptances; and 
 (l) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in
respect of any Equity Interests of such Person or any other Person or any warrants, rights or options to acquire such Equity Interests, valued, in the case of redeemable preferred interests, at the greater of its voluntary or involuntary liquidation
preference plus accrued and unpaid dividends. 
 The Indebtedness of any Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness
provide that such Person is not liable therefor. 
 “Indemnitee” has the meaning assigned to such term in Section 10.10
(Indemnification by Borrower). 
 “Indenture” means an indenture providing for the issuance of one or more series of debt securities
by the Borrower. 
 “Independent Engineer” means Lummus Consultants International, Inc. (f/k/a Shaw Consultants International, Inc.) and
any replacement thereof appointed by the Required Secured Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower. 

“Initial Advance” means the first Advance under the Facilities.  

“Initial Quarterly Payment Date” means the date that is the earlier of (i) the first
March 31, June 30, September 30 or December 31 to occur at least three (3) calendar months following the Project Completion Date and (ii) June 30, 2020. 

“Initial Senior Bonds” has the meaning set forth in the Recitals to the Common Terms Agreement. 

“Initial Senior Bonds Indenture” has the meaning set forth in the Recitals to the Common Terms Agreement. 

  
 28 

 “Initial Senior Bonds Trustee” means The Bank of New York Mellon, as trustee under the Initial
Senior Bonds Indenture. 
 “Insurance Advisor” means Aon Risk Services and any replacement thereof appointed by the Required Secured
Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower. 
 “Insurance Proceeds” means all
proceeds of any insurance policies required pursuant to the Common Terms Agreement or otherwise obtained with respect to the Borrower or the Project that are paid or payable to or for the account of the Borrower as loss payee (other than Business
Interruption Insurance Proceeds and proceeds of insurance policies relating to third party liability).  
 “Intercreditor Agent”
means Société Générale or any successor to it, appointed pursuant to the terms of the Intercreditor Agreement. 

“Intercreditor Agreement” means the Second Amended and Restated Intercreditor Agreement, dated as of June 30, 2015, among the Commercial
Banks Facility Agent, each other Secured Debt Holder Group Representative party thereto, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common Security Trustee and the Intercreditor Agent. 

“Interest Rate Protection Agreements” means each interest rate swap, collar, put, or cap, or other interest rate protection
arrangement between the Borrower and a Qualified Counterparty entered into in accordance with Section 6.11 (Interest Rate Protection Agreements) and is substantially in the form attached as Exhibit C to the Common
Terms Agreement and excluding any such interest rate protection arrangement that is transferred or novated by the Borrower pursuant to Section 3.5 (Termination of Interest Rate Protection Agreement in Connection with Any
Prepayment).  
 “International LNG Terminal Standards” means to the extent not inconsistent with the express
requirements of the Common Terms Agreement, the international standards and practices applicable to the design, construction, equipment, operation or maintenance of LNG receiving, exporting, liquefaction and regasification terminals, established by
the following (such standards to apply in the following order of priority): (i) a Government Authority having jurisdiction over the Borrower, (i) the Society of International Gas Tanker and Terminal Operators (“SIGTTO”)
(or any successor body of the same) and (iii) 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, exporting,
liquefaction and regasification terminals to comply. In the event of a conflict between any of the priorities noted above, the priority with the lowest Roman numeral noted above shall prevail. 

  
 29 

 “International LNG Vessel Standards” means to the extent not inconsistent with the express
requirements of the Common Terms Agreement, the international standards and practices applicable to the ownership, design, equipment, operation or maintenance of LNG vessels established by: (i) the International Maritime Organization,
(ii) the Oil Companies International Marine Forum, (iii) SIGTTO (or any successor body of the same), (iv) the International Navigation Association, (v) the International Association of Classification Societies, and (vi) any
other internationally recognized agency or non-governmental organization with whose standards and practices it is customary for reasonable and prudent operators of LNG vessels to comply. In the event of a conflict between any of the priorities noted
above, the priority with the lowest Roman numeral noted above shall prevail. 
 “Investment” means, for any Person: 

(a) the acquisition (whether for cash, Property of such Person, services or securities or otherwise) of capital stock, bonds, notes,
debentures, partnership or other ownership interests or other securities of any other Person or any agreement to make any such acquisition (including any “short sale” or any other sale of any securities at a time when such securities are
not owned by the Person entering into such sale); 
 (b) the making of any deposit with, or advance, loan or other extension of credit to,
any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person, but excluding any such advance, loan or extension of credit having a
term not exceeding ninety (90) days representing the purchase price of inventory or supplies sold in the ordinary course of business); and 

(c) the entering into of any Guarantee of, or other contingent obligation (other than an indemnity which is not a Guarantee) with respect to,
Indebtedness or other liability of any other Person; 
 provided, that Investment shall not include amounts deposited pursuant to the
escrow agreement entered into pursuant to Section 18.4 of each of the EPC Contracts. 
 “Investment Grade” means two long-term
unsecured credit ratings that are equal to or better than (a) Baa3 by Moody’s, (b) BBB- by S&P, (C) BBB- by Fitch, or (d) any comparable credit ratings by any other nationally recognized statistical rating organizations.

 “Joint Lead Arranger” has the meaning given to it in the Term Loan A Credit Agreement. 

“Joint Lead Arranger Fee Letters” means (i) the Fee Letter, dated as of June 30, 2015, between ABN Amro Capital USA LLC and the
Borrower, (ii) the Fee Letter, dated as of June 30, 2015, between Banco Bilbao Vizcaya Argentaria, S.A. New York Branch and the Borrower, (iii)

  
 30 

 
the Fee Letter, dated as of June 30, 2015, between BBVA Securities Inc. and the Borrower (iv) the Fee Letter, dated as of June 30, 2015, between Banco Santander, S.A. and the
Borrower, (v) the Fee Letter, dated as of June 30, 2015, between Bank of America, N.A. and the Borrower, (vi) the Fee Letter, dated as of June 30, 2015, between The Bank of Nova Scotia and the Borrower, (vii) the Fee Letter,
dated as of June 30, 2015, between The Bank of Tokyo-Mitsubishi UFJ, Ltd. and the Borrower, (viii) the Fee Letter, dated as of June 30, 2015, between CaixaBank S.A. and the Borrower, (ix) the Fee Letter, dated as of June 30,
2015, between Crédit Industriel et Commercial and the Borrower, (x) the Fee Letter, dated as of June 30, 2015, between Crédit Agricole Corporate and Investment Bank and the Borrower, (xi) the Fee Letter, dated as of
June 30, 2015, between Credit Suisse AG, Cayman Islands Branch and the Borrower, (xii) the Fee Letter, dated as of June 30, 2015, between Goldman Sachs Bank USA and the Borrower, (xiii) the Fee Letters, dated as of June 30,
2015, between HSBC Bank USA, National Association and the Borrower, (xiv) the Fee Letter, dated as of June 30, 2015, between Industrial and Commercial Bank of China Limited, New York Branch and the Borrower, (xv) the Fee Letter, dated
as of June 30, 2015, between ING Capital LLC and the Borrower, (xvi) the Fee Letter, dated as of June 30, 2015, between Intesa Sanpaolo S.P.A., New York Branch and the Borrower, (xvii) the Fee Letter, dated as of June 30,
2015, between JPMorgan Chase Bank, N.A. and the Borrower, (xviii) the Fee Letter, dated as of June 30, 2015, between Landesbank Baden-Württemberg, New York Branch and the Borrower, (xix) the Fee Letter, dated as of June 30,
2015, between Lloyds Bank plc and the Borrower, (xx) the Fee Letter, dated as of June 30, 2015, between Mizuho Bank, Ltd. and the Borrower, (xxi) the Fee Letter, dated as of June 30, 2015, between Morgan Stanley Senior Funding,
Inc. and the Borrower, (xxii) the Fee Letter, dated as of June 30, 2015, between Morgan Stanley Bank, N.A. and the Borrower, (xxiii) the Fee Letter, dated as of June 30, 2015, between Royal Bank of Canada and the Borrower,
(xxiv) the Fee Letter, dated as of June 30, 2015, between Santander Bank, N.A. and the Borrower, (xxv) the Fee Letter, dated as of June 30, 2015, between Société Générale and the Borrower, and
(xxvi) the Fee Letter, dated as of June 30, 2015, between Sumitomo Mitsui Banking Corporation and the Borrower. 
 “Joint Lead
Bookrunner” has the meaning given to it in the Term Loan A Credit Agreement. 
 “KEXIM” means The Export-Import Bank of
Korea, an official export credit agency incorporated by the Export-Import Bank of Korea Act as amended on July 25, 2011, duly organized and existing under the laws of the Republic of Korea. 

“KEXIM Covered Facility” means the Dollar term loan facility made available to the Borrower pursuant to Section 2.01 (KEXIM Covered
Facility Loans) of the KEXIM Covered Facility Agreement. 
 “KEXIM Covered Facility Agreement” means the facility agreement, dated as
of June 30, 2015, by and among the Borrower, the KEXIM Facility Agent, the Common Security Trustee, KEXIM and the KEXIM Covered Facility Lenders. 

  
 31 

 “KEXIM Covered Facility Commitment” means, in relation to a KEXIM Covered Facility Lender, the
amount referred to in Schedule 2.01 (KEXIM Covered Facility Commitments) to the KEXIM Covered Facility Agreement (as such Schedule 2.01 may be updated from time to time). 

“KEXIM Covered Facility Debt” means undisbursed committed amounts and KEXIM Covered Facility Loans incurred by the Borrower in the aggregate
amount of up to four hundred million Dollars ($400,000,000) pursuant to the KEXIM Covered Facility Agreement comprised of KEXIM Covered Facility Loans. 

“KEXIM Covered Facility Lenders” means any Person from time to time party to the KEXIM Covered Facility Agreement as a KEXIM Covered Facility
Lender. 
 “KEXIM Covered Facility Loans” means loans made by the KEXIM Covered Facility Lenders to the Borrower in an aggregate amount of
up to four hundred million Dollars ($400,000,000) in accordance with and pursuant to the terms of the KEXIM Covered Facility Agreement. 
 “KEXIM
Direct Facility” means the Dollar term loan facility made available to the Borrower pursuant to Section 2.01 (KEXIM Direct Facility Loans) of the KEXIM Direct Facility Agreement. 

“KEXIM Direct Facility Agreement” means the facility agreement, dated as of June 30, 2015, by and among the Borrower, the KEXIM Facility
Agent, the Common Security Trustee, and KEXIM. 
 “KEXIM Direct Facility Commitment” means, in relation to KEXIM, the amount referred to in
Schedule 2.01 (Commitment) to the KEXIM Direct Facility Agreement (as such Schedule 2.01 may be updated from time to time). 
 “KEXIM Direct
Facility Debt” means undisbursed committed amounts and KEXIM Direct Facility Loans incurred by the Borrower in the aggregate amount of up to six hundred million Dollars ($600,000,000) pursuant to the KEXIM Direct Facility Agreement
comprised of KEXIM Direct Facility Loans. 
 “KEXIM Direct Facility Loans” means loans made by KEXIM to the Borrower in an aggregate amount
of up to six hundred million Dollars ($600,000,000) in accordance with and pursuant to the terms of the KEXIM Direct Facility Agreement. 
 “KEXIM
Facility Agent” means Shinhan Bank, New York Branch, not in its individual capacity, but solely as agent for KEXIM under the KEXIM Direct Facility Agreement and for the KEXIM Covered Facility Lenders under the KEXIM Covered Facility
Agreement. 
 “KEXIM Facility Agent Fee Letter” means the fee letter, dated as of June 30, 2015, between the Borrower and KEXIM
Facility Agent with respect to payment of agency fees. 

  
 32 

 “KEXIM Guarantee” means the guarantee dated as of June 30, 2015, given by KEXIM in favor of
the KEXIM Covered Lenders in relation to amounts outstanding under the KEXIM Covered Facility Agreement. 
 “KEXIM Guarantee Trigger Event”
means (a) any event that results in the KEXIM Guarantee being terminated, withdrawn, cancelled or suspended or otherwise ceasing to be in full force and effect or (b) it becomes unlawful in any applicable jurisdiction for KEXIM to perform
its obligations under the KEXIM Guarantee or for any KEXIM Covered Facility Lender to benefit from the KEXIM Guarantee, other than as a result of an act or omission of such KEXIM Covered Facility Lender (or the relevant Facility Agent on its
behalf). 
 “Kinder Morgan Precedent Agreement” means the Precedent Agreement, dated as of March 25, 2015, between Kinder Morgan
Louisiana Pipeline LLC and the Borrower. 
 “Knowledge” means, with respect to any of the Loan Parties or the Sponsor, the actual knowledge
of any Person holding any of the positions (or successor position to any such position) set forth in Exhibit A to the Common Terms Agreement; provided that each such Person shall be deemed to have knowledge of all events, conditions
and circumstances described in any notice delivered to the Borrower pursuant to the terms of this Agreement or any other Financing Document. 

“KoGas” means Korea Gas Corporation. 

“KoGas DFCD Deadline” means the date that is sixty (60) days prior to the date upon which KoGas would have the right to terminate the
KoGas FOB Sale and Purchase Agreement for any failure to achieve the Date of First Commercial Delivery (as defined in the KoGas FOB Sale and Purchase Agreement) by such date, as extended by any waivers, modifications or amendments to the KoGas FOB
Sale and Purchase Agreement in accordance with Section 7.9 (Project Documents, Etc.), but without giving effect to cure rights under any Consent between the Common Security Trustee and KoGas. 

“KoGas FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement, dated as of January 30, 2012, by and between the
Borrower and KoGas, as amended by that certain Amendment No. 1 of LNG Sale and Purchase Agreement, dated February 18, 2013. 
 “KoGas
Termination Trigger Event” means the termination of the KoGas FOB Sale and Purchase Agreement due to any reason other than (a) a breach or a violation by KoGas of its (or its Affiliates’) obligations under the KoGas FOB Sale and
Purchase Agreement, or (b) a unilateral repudiation by KoGas of the KoGas FOB Sale and Purchase Agreement or any assertion by KoGas that the KoGas FOB Sale and Purchase Agreement is void, illegal, or unenforceable for any reason other than an
act or omission by the Borrower or its Affiliates. 

  
 33 

 “Korean Entity” means: 

(a) a legal entity, not being a Subsidiary of another legal entity, that is domiciled in, or organized and existing under the laws of, the
Republic of Korea or is a Government Authority of the Republic of Korea; or 
 (b) an entity that is, or is a Subsidiary of, or Affiliate of
another legal entity which is a Subsidiary of a legal entity referred to in paragraph (a) above. 
 “KSURE” means Korea Trade
Insurance Corporation, a governmental financial institution of the Government of the Republic of Korea. 
 “KSURE Acceptance Letter” means
an acceptance certificate whereby KSURE confirms that the KSURE Insurance Policy will be issued by KSURE and take effect, subject to the General Terms and Conditions and the Special Terms and Conditions, upon KSURE’s receipt of the KSURE
Premium. 
 “KSURE Covered Facility” means the Dollar term loan facility made available to the Borrower pursuant to Section 2.01
(KSURE Covered Facility Loans) of the KSURE Covered Facility Agreement. 
 “KSURE Covered Facility Agent” means The Korea
Development Bank, New York Branch, not in its individual capacity, but solely as agent for the KSURE Covered Facility Lenders under the KSURE Covered Facility Agreement. 

“KSURE Covered Facility Agreement” means the amended and restated facility agreement, dated as of June 30, 2015, by and among the
Borrower, the KSURE Covered Facility Agent, the Common Security Trustee and the KSURE Covered Facility Lenders. 
 “KSURE Covered Facility
Commitment” means the commitment of each KSURE Covered Facility Lender to fund a portion of the KSURE Covered Facility Loan as set forth in Schedule 2.01 (KSURE Covered Facility Lenders and Commitments) to the KSURE Covered
Facility Agreement (as such Schedule 2.01 may be updated from time to time). 
 “KSURE Covered Facility Debt” means undisbursed committed
amounts and KSURE Covered Facility Loans incurred by the Borrower in the aggregate amount of up to seven hundred fifty million Dollars ($750,000,000) pursuant to the KSURE Covered Facility Agreement comprised of KSURE Covered Facility Loans. 

“KSURE Covered Facility Fee Letter” means the fee letter, dated as of June 30, 2015, between the Borrower and KSURE Covered Facility
Agent with respect to, among other things, the payment of agency fees. 

  
 34 

 “KSURE Covered Facility Lenders” means any Person from time to time party to the KSURE Covered
Facility Agreement as a KSURE Covered Facility Lender. 
 “KSURE Covered Facility Loans” means loans made by the KSURE Covered Facility
Lenders to the Borrower in an aggregate amount of up to seven hundred fifty million Dollars ($750,000,000) in accordance with and pursuant to the terms of the KSURE Covered Facility Agreement. 

“KSURE Insurance” means, collectively (i) the KSURE Insurance Policy, (ii) the general terms and conditions (the “General
Terms and Conditions “) of medium and long term export insurance (buyer credit, syndicated loan, standard) of KSURE, (iii) the special terms and conditions (the “Special Terms and Conditions”) entered into between
KSURE and the KSURE Covered Facility Agent (acting on behalf and for the benefit of the KSURE Covered Facility Lenders), and (iv) the KSURE Acceptance Letter. 

“KSURE Insurance Policy” means the insurance policy for overseas business credit insurance, providing political and commercial cover for 100%
of the aggregate KSURE Covered Facility Commitment, to be issued by KSURE in favor of the KSURE Covered Facility Agent (acting on behalf and for the benefit of the KSURE Covered Facility Lenders). 

“KSURE Insurance Trigger Event” means (a) any event that results in the KSURE Insurance being terminated, withdrawn, cancelled or
suspended or otherwise ceasing to be in full force and effect or (b) it becomes unlawful in any applicable jurisdiction for KSURE to perform its obligations under the KSURE Insurance or for any KSURE Covered Facility Lender to benefit from the
KSURE Insurance, other than as a result of an act or omission of such KSURE Covered Facility Lender (or the relevant Facility Agent on its behalf). 

“KSURE Premium” has the meaning set forth in the KSURE Covered Facility Agreement. 

“LC Costs” means (a) fees, expenses and interest associated with the issuance of letters of credit and (b) any reimbursement by a
Borrower of amounts paid under a letter of credit that is Working Capital Debt for expenditures that if paid by the Borrower directly would have constituted Operation and Maintenance Expenses. 

“Lease Agreements” means: 
 (a)
that certain real property lease agreement between Crain Lands, LLC, as lessor, and the Borrower, as lessee, dated December 5, 2011, covering approximately eighty (80) acres of the Site; and 

  
 35 

 (b) that certain real property lease agreement between Crain Lands, LLC, as lessor, and the
Borrower, as lessee, dated November 1, 2011, covering approximately eighty (80) acres of the Site, both as may be amended or supplemented from time to time. 

“Lenders’ Reliability Test” means each operational test described in Annex B (Lenders’ Reliability Test Criteria) to
the Common Terms Agreement. 
 “Lien” means, with respect to any Property (including, without limitation, the Project) of any
Person, any mortgage, pledge, hypothecation, assignment, encumbrance, bailment, lien, privilege or other security interest, including any sale-leaseback arrangement, any conditional sale, other title retention agreement, tax lien, lien (statutory or
otherwise), easement or right of way in respect of such Property of such Person. For purposes of the Financing Documents, a Person shall be deemed to own subject to a Lien any Property which it has acquired or holds subject to the interest of a
vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement (other than an operating lease) relating to such Property.  

“Lien Waiver” means an absolute and unconditional sworn Lien waiver statement in the form attached as (a) Schedules K-1,
K-2, K-3 and K-4, as applicable, to the applicable EPC Contract in connection with all Lien waivers delivered by the EPC Contractor prior to its receipt of final payment under such EPC Contract and (b) Schedules K-5,
K-6, K-7 and K-8, as applicable, to the applicable EPC Contract in connection with all Lien waivers delivered by the EPC Contractor upon its receipt of final payment under such EPC Contract. 

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

“Loan Parties” means the Borrower and the Pledgor. 

“Loss Proceeds” means insurance proceeds, condemnation awards or other compensation, awards, damages and other payments or relief (exclusive,
in each case, of the proceeds of liability insurance and Business Interruption Insurance Proceeds and other payments for interruption of operations) with respect to any Event of Loss relating to any Property of the Borrower. 

“Majority Aggregate Secured Credit Facilities Debt Participants” has the meaning given to it in the Intercreditor Agreement. 

“Management Services Agreement” means the Management Services Agreement, dated as of May 14, 2012, between the Borrower and the Manager.

 “Manager” means Cheniere LNG Terminals, LLC (f/k/a Cheniere LNG Terminals, Inc.), a Delaware limited liability company. 

  
 36 

 “Margin Stock” means margin stock within the meaning of Regulation U and Regulation X. 

“Market Consultant” means Wood Mackenzie Limited and any replacement thereof appointed by the Required Secured Parties and, if no Event of
Default shall then be occurring, after consultation with the Borrower. 
 “Material Adverse Effect” means an act, event or condition which
materially impairs (a) the business, financial condition, or operations of the Borrower or the Project, (b) the ability of the Borrower to perform its material obligations under any Financing Document or Material Project Document to which
it is a party, (c) the expected revenues of the Borrower under the FOB Sale and Purchase Agreements, (d) the validity and enforceability of any Material Project Document or any Financing Document or the rights or remedies of each Secured
Debt Holder thereunder or (e) the security interests of the Secured Parties. 
 “Material Project Documents” means: 

 

	 	(a)	the EPC Contracts and related parent guarantees; 

  

	 	(b)	the FOB Sale and Purchase Agreements and related parent guarantees; 

  

	 	(c)	the Management Services Agreement; 

  

	 	(d)	the O&M Agreement; 

  

	 	(e)	the Sabine Pass TUA; 

  

	 	(f)	the Pipeline Transportation Agreements; 

  

	 	(g)	the Terminal Use Rights Assignment and Agreement; 

  

	 	(h)	the Cooperation Agreement; 

  

	 	(i)	the Real Property Documents; 

  

	 	(j)	the Precedent Agreements; 

  

	 	(k)	the ConocoPhillips License Agreements; 

  

	 	(l)	the Total TUA Assignment Agreements; 

  

	 	(m)	the Water Agreement; 

  

	 	(n)	the CMI LNG Sale and Purchase Agreement; 

  
 37 

	 	(o)	the EQT Natural Gas Sale and Purchase Agreement; 

  

	 	(p)	the Cheniere Marketing LNG Sale and Purchase Agreement; 

  

	 	(q)	the GE Contractual Service Agreement; 

  

	 	(r)	any Additional Material Project Document; and 

  

	 	(s)	any agreement replacing or in substitution of any of the foregoing. 

 “Material Project Party”
means each party to a Material Project Document (other than the Borrower) and each guarantor or provider of security or credit support in respect thereof. 

“Mechanics’ Liens” means carriers’, warehousemen’s, laborers’, mechanics’, workmen’s, materialmen’s,
repairmen’s, construction or other like statutory Liens. 
 “Monthly Sales Charges” with respect to either of the BG FOB Sale and
Purchase Agreement or the GN FOB Sale and Purchase Agreement, has the meaning set forth in such FOB Sale and Purchase Agreement. 

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

“Mortgages” means (i) the Third Amended and Restated Multiple Indebtedness Mortgage, Assignment of Leases and Rents and Security
Agreement, dated as of June 30, 2015, from the Borrower to the Common Security Trustee, and (ii) the Multiple Indebtedness Mortgage, Assignment of Leases and Rents and Security Agreement, dated as of June 30, 2015, from the Borrower
to the Common Security Trustee. 
 “Mortgaged Property” has the meaning ascribed to such term in the Mortgages. 

“Multiemployer Plan” means a multiemployer plan defined as such in Section 3(37) of ERISA to which contributions have been made by the
Borrower or any ERISA Affiliate in the past five years and which is covered by Title IV of ERISA. 
 “Net Available Amount” means the
aggregate amount of Loss Proceeds received by the Borrower in respect of an Event of Loss net of reasonable expenses incurred by the Borrower in connection with the collection of such Loss Proceeds. 

“Net Cash Proceeds” means in connection with any asset disposition, the aggregate cash proceeds received by the Borrower in respect of any
asset disposition (including any cash received upon the sale or other disposition of any non-cash consideration received in any asset disposition), net of the direct costs relating to such asset disposition and payments made to retire Indebtedness
(other than the Obligations) required to be repaid in connection therewith, 

  
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including legal, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result of such asset disposition, taxes paid or payable as a result of
such asset disposition, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, and amounts reserved for adjustment in respect of the sale price of such asset or assets established in
accordance with GAAP. 
 “NGA” means the United States Natural Gas Act of 1938, as heretofore and hereafter amended, and codified 15
U.S.C. §717 et seq. and the regulations of the Department of Energy and FERC thereunder.  
 “NGPL Pipeline Transportation
Agreements” means (i) the Transportation Rate Schedule FTS Agreement, dated October 29, 2012, between Natural Gas Pipeline Company of America LLC and the Borrower, as amended by that certain Transportation Rate Schedule FTS
Amendment No. 1, dated June 18, 2013 and (ii) Transportation Rate Schedule FTS Agreement, dated June 18, 2013, between Natural Gas Pipeline Company of America LLC and the Borrower. 

“NGPL Precedent Agreement” means the Precedent Agreement, dated August 2, 2012, between Natural Gas Pipeline Company of America LLC and
the Borrower. 
 “Non-Recourse Party” has the meaning provided in Section 10.17(a) (No Recourse). 

“Notes” means the promissory notes issued by the Borrower evidencing the Advances, including the Commercial Bank Loan Notes (as defined in
the Term Loan A Credit Agreement) as they may be amended, restated, supplemented or otherwise modified from time to time. 
 “Notice of Project
Completion” means the Notice of Project Completion in the form of Exhibit I to the Common Terms Agreement. 
 “O&M
Agreement” means the Operation and Maintenance Agreement, dated as of May 14, 2012, between the Operator, the Borrower and, solely for the purposes set forth therein, Cheniere LNG O&M Services, LLC, as amended by that certain
Assignment and Assumption Agreement, dated as of November 20, 2013, between the Operator and Cheniere Energy Partners GP, LLC. 

“Obligations” means and includes all loans, advances (including, without limitation, any advance made by any Secured Party to satisfy any
obligation of any Loan Party under any Transaction Document), debts, liabilities, Indebtedness and obligations of the Borrower, howsoever arising, owed to the Secured Debt Holders, the Secured Debt Holder Group Representatives, the Holders of
Secured Hedge Obligations, the Secured Hedge Representatives or any other Secured Party of every kind and description (whether or not evidenced by any note or instrument and whether or not for the payment of money), direct or indirect (including
those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against the 

  
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Borrower of any insolvency or liquidation proceeding naming the Borrower as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding,
pursuant to the terms of this Agreement or any of the other Financing Documents (including the Secured Hedge Instruments), including all principal, interest, fees, charges, expenses, attorneys’ fees, costs and expenses, accountants’ fees
and Consultants’ fees payable by the Borrower hereunder or thereunder. 
 “OFAC” means the Office of Foreign Assets Control of the
U.S. Department of the Treasury. 
 “OFAC Laws” means any laws, regulations, and executive orders relating to the economic sanctions
programs administered by OFAC, including without limitation, the International Emergency Economic Powers Act, 50 U.S.C. sections 1701 et seq.; the Trading with the Enemy Act, 50 App. U.S.C. sections 1 et seq.; and the Office of Foreign
Assets Control, Department of the Treasury Regulations, 31 C.F.R. Parts 500 et seq. (implementing the economic sanctions programs administered by OFAC).  

“OFAC SDN List” means the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC. 

“Operating Budget” has the meaning provided in Section 6.12(a) (Operating Budget).  

“Operating Budget Category” means each line item set forth in the Operating Budget in effect at such time. 

“Operating Manual” means, collectively, (i) the O&M Procedures Manual (as defined in the O&M Agreement), and (ii) the
Sabine Pass Marine Operations Manual (as defined in the FOB Sale and Purchase Agreements). 
 “Operation and Maintenance Expenses” means,
for any period, the sum, computed without duplication, of the following, in each case that are contemplated by the then-effective Operating Budget or are incurred in connection with any permitted exceedance thereunder pursuant to Section 6.7(a)
(Project Construction; Maintenance of Properties): 
 (a) for 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 

  
 40 

 (d) applicable sales and excise taxes (if any) payable or reimbursable by the Borrower during
such period; plus 
 (e) franchise taxes payable by the Borrower during such period; plus 

(f) property taxes payable by the Borrower during such period; plus 

(g) any other direct taxes (if any) payable by the Borrower to the taxing authority (other than any taxes imposed on or measured by income or
receipts) 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) Permitted Development Expenditures contemplated by the then-effective Operating Budget; plus 

(k) the cost of purchase and transportation (including storage) of natural gas consumed for LNG production; plus 

(l) all other cash expenses payable by the Borrower in the ordinary course of business. 

Operation and Maintenance Expenses shall exclude any Gas Hedge Termination Value and shall exclude, to the extent included above:
(i) transfers from any Account into any other Account (other than the Operating Account) during such period, (ii) payments of any kind with respect to Restricted Payments during such period, (iii) depreciation for such period,
(iv) except as provided in clause (j) above, any Capital Expenditure including Permitted Development Expenditures and (v) any payments of any kind with respect to any restoration during such period. 

To the extent insufficient funds are available in the Operating Account to pay any Operation and Maintenance Expenses and amounts are advanced
by or on behalf of any Secured Party in accordance with the terms of the applicable Secured Debt Instrument or Secured Hedge Instrument for the payment of such Operation and Maintenance Expenses, the Obligation to repay such advances shall itself
constitute an Operation and Maintenance Expense. 
 “Operator” means Cheniere Energy Investments, LLC, or such other Person from time to
time party to the O&M Agreement as ‘Operator’. 

  
 41 

 “Organic Document” means, with respect to any Person that is a corporation, its certificate of
incorporation, its by-laws and all shareholder agreements, voting trusts and similar arrangements applicable to any of its authorized shares of capital stock, with respect to any Person that is a limited liability company, its certificate of
formation or articles of organization and its limited liability company agreement, and, with respect to any Person that is a partnership or limited partnership, its certificate of partnership and its partnership agreement. 

“Original Common Terms Agreement” has the meaning set forth in the Recitals to the Common Terms Agreement. 

“Original Credit Agreement” has the meaning set forth in the Recitals to the Common Terms Agreement. 

“Parties” and “Party” have the meaning set forth in the Preamble to the Common Terms Agreement. 

“Patriot Act” means United States Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism (USA PATRIOT ACT) of 2001, and the rules and regulations promulgated thereunder from time to time in effect.
 “Payment
Date” means (a) each Quarterly Payment Date, and (b) with respect to other Secured Debt Instruments, the meaning provided therein. 

“PBGC” means that Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar
functions. 
 “PDE Debt” has the meaning assigned to such term in Section 2.5 (PDE Debt). 

“Performance Liquidated Damages” means any liquidated damages resulting from the Project’s performance which are required to be
paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project.  

“Performance Test” means (a) the Performance Tests under each of the EPC Contracts, and (b) the Lenders’ Reliability Test.

 “Permitted Completion Amount” means a sum equal to an amount certified by the Borrower and concurred with by the Independent Engineer
(such concurrence not to be unreasonably withheld, conditioned or delayed) on the Project Completion Date and approved by each of the Facility Agents (acting reasonably) as necessary to pay one hundred fifty percent (150%) of the Permitted
Completion Costs. 

  
 42 

 “Permitted Completion Costs” means unpaid Project Costs (including Project Costs not included in
the Construction Budget delivered on the Closing Date or the revised Construction Budget delivered pursuant to Section 2.7(a)(xi) (Train 6 Debt), if applicable) reasonably anticipated to be required for the Project to pay all remaining
costs associated with outstanding Punchlist (as defined in each of the EPC Contracts) work, retainage, fuel incentive payments, disputed amounts (to the extent such disputed amounts have not been escrowed pursuant to Section 18.4 of the
applicable EPC Contract), and other costs required under each of the applicable EPC Contracts. 
 “Permitted Development Expenditures”
means Development Expenditures that: 
 (a) are required for compliance with Project Documents, insurance policies, Government Rules,
Government Approvals and Prudent Industry Practices; or 
 (b) are otherwise used for the Project; and 

in all cases, are funded (i) by equity or Permitted Indebtedness issued by the Borrower, (ii) from the Distribution Account as set
forth in Section 5.10 (Distribution Account) of the Accounts Agreement, (iii) by insurance proceeds, or (iv) by PDE Debt in accordance with Section 2.5 (PDE Debt) of the Common Terms Agreement, each of
(i)—(iv) as expressly permitted herein and the other Financing Documents and to the extent that all such sums entirely fund such Permitted Development Expenditures, or (v) are contemplated by the then-effective Operating Budget, and,
in the case of clauses (i) – (iv) could not reasonably be expected to have a Material Adverse Effect or materially and adversely affect the Borrower’s rights, duties, obligations or liabilities under the Sabine Pass TUA. 

“Permitted Finance Costs” means, for any period, the sum of all amounts of principal, interest, fees and other amounts payable in relation to
Permitted Indebtedness (other than Permitted Indebtedness in clause (c) of such definition). 
 “Permitted Hedging Agreement” means
any of the: 
 (a) Interest Rate Protection Agreements; and 

(b) gas hedging contracts for up to a maximum of 25 Bcf of gas for a period of not to exceed ninety (90) days. 

“Permitted Indebtedness” means: 

(a) Senior Debt; 

  
 43 

 (b) unsecured Indebtedness of the Borrower incurred to finance working capital and other general
corporate purposes; provided, that such Indebtedness shall be used (i) to finance working capital in an amount not to exceed forty million Dollars ($40,000,000) in the aggregate or (ii) for general corporate purposes (including
leases and sale-leaseback transactions) in an amount not to exceed twenty million Dollars ($20,000,000) in the aggregate (in addition to the leases permitted pursuant to paragraph (c) of this definition); 

(c) purchase money Indebtedness or Capital Lease Obligations to the extent incurred in the ordinary course of business to finance the
acquisition or licensing of intellectual property or items of equipment; provided, that (i) if such obligations are secured, they are secured only by Liens upon the equipment or intellectual property being financed and (ii) the aggregate
principal amount and the capitalized portion of such obligations do not at any time exceed ten million Dollars ($10,000,000) in the aggregate; 

(d) other unsecured Indebtedness for borrowed money subordinated to the Obligations pursuant to an instrument in writing satisfactory in form
and substance to the Required Secured Parties and that is not in excess of two hundred million Dollars ($200,000,000) in the aggregate; provided, that such instrument shall include that: (i) the maturity of such subordinated shall be no
shorter than the maturity of the Secured Debt; (ii) such subordinated debt shall not be amortized; (iii) no interest payments shall be made under such subordinated debt except from monies held in the Distribution Account and are permitted
to be distributed pursuant to the Accounts Agreement; (iv) such subordinated debt shall not impose covenants on the Borrower; and (v) such subordinated debt shall otherwise be governed pursuant to the terms of a subordination agreement in
form and substance reasonably satisfactory to the Secured Parties; 
 (e) trade or other similar Indebtedness incurred in the ordinary course
of business, which is (i) not more than ninety (90) days past due, or (ii) being contested in good faith and by appropriate proceedings; 

(f) contingent liabilities incurred in the ordinary course of business, including the acquisition or sale of goods, services, supplies or
merchandise in the normal course of business, the endorsement of negotiable instruments received in the normal course of business and indemnities provided under any of the Transaction Documents; 

(g) any obligations under Permitted Hedging Agreements; 

(h) to the extent constituting Indebtedness, indebtedness arising from the honoring by a bank or other financial institution of a check, draft
or similar instrument drawn against insufficient funds in the ordinary course or other cash management services in the ordinary course of business; 

(i) to the extent constituting Indebtedness, obligations in respect of performance bonds, bid bonds, appeal bonds, surety bonds,
indemnification obligations, obligations to pay insurance premiums, take-or-pay obligations contained in supply agreements and similar obligations incurred in the ordinary course of business; 

  
 44 

 (j) Indebtedness in respect of any bankers’ acceptance, letter of credit, warehouse receipt
or similar facilities entered into in the ordinary course of business; and 
 (k) Indebtedness in respect of netting services, overdraft
protections and otherwise in connection with deposit accounts; 
 provided, that the Borrower may only incur the Indebtedness referred
to in clauses (b) or (d) above following the Project Completion Date. 
 “Permitted Investments” has the meaning given to it in
the Accounts Agreement. 
 “Permitted Liens” means, collectively: 

(a) Liens in favor, or for the benefit, of the Secured Parties created or permitted pursuant to the Security Documents; 

(b) Liens securing Indebtedness with respect to Permitted Hedging Agreements and Indebtedness described in clause (c) of Permitted
Indebtedness; 
 (c) Liens which are scheduled exceptions to the coverage afforded by the Title Policy on the Closing Date; 

(d) statutory liens for a sum not yet delinquent or which are being Contested; 

(e) pledges or deposits of cash or letters of credit to secure the performance of bids, trade contracts (other than for borrowed money) leases,
statutory obligations, surety and appeal bonds, performance bonds, letters of credit and other obligations of a like nature incurred in the ordinary course of business and in accordance with the then-effective Operating Budget; 

(f) capital leases and purchase money liens on property purchased securing obligations not in excess of twenty million Dollars ($20,000,000) in
the aggregate; 
 (g) easements and other similar encumbrances affecting real property which are incurred in the ordinary course of business
and encumbrances consisting of zoning restrictions, licenses, restrictions on the use of property or encumbrances or imperfections in title which do not materially impair such property for the purpose for which the Borrower’s interest therein
was acquired or materially interfere with the operation of the Project as contemplated by the Transaction Documents; 

  
 45 

 (h) Mechanics’ Liens, Liens of lessors and sublessors and similar Liens incurred in the
ordinary course of business for sums which are not overdue for a period of more than thirty (30) days or the payment of which is subject to a Contest; 

(i) legal or equitable encumbrances (other than any attachment prior to judgment, judgment lien or attachment in aid of execution on a
judgment) deemed to exist by reason of the existence of any pending litigation or other legal proceeding if the same is effectively stayed or the claims secured thereby are subject to a Contest; 

(j) the Liens created pursuant to the Real Property Documents; 

(k) Liens arising out of judgments or awards so long as an appeal or proceeding for review is being prosecuted in good faith and for the
payment of which adequate cash reserves, bonds or other cash equivalent security have been provided or are fully covered by insurance (other than any customary deductible); and 

(m) Liens for workers’ compensation awards and similar obligations not then delinquent; Mechanics’ Liens and similar Liens not then
delinquent, and any such Liens, whether or not delinquent, whose validity is at the time being Contested in good faith. 
 “Person” means
any individual, corporation, company, voluntary association, partnership, joint venture, trust, limited liability company, unincorporated organization or Government Authority. 

“Pipeline Transportation Agreements” means, collectively, the Creole Trail Pipeline Transportation Agreement and the NGPL Pipeline
Transportation Agreements. 
 “Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of
Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA. 
 “Pledge Agreement” means the Second Amended and Restated Pledge
Agreement, dated as of June 30, 2015, between the Pledgor and the Common Security Trustee and any other pledge agreement executed (in favor of the Common Security Trustee) by any Person holding any direct ownership interests in the Borrower.

 “Pledgor” means Sabine Pass LNG-LP, LLC, a Delaware limited liability company. 

“Precedent Agreements” means, collectively, the Creole Trail Precedent Agreement, the Transco Precedent Agreement, the Kinder Morgan
Precedent Agreement and the NGPL Precedent Agreement. 

  
 46 

 “Project” means the five and, if Train 6 Debt has been incurred, six liquefaction trains
each with a nominal capacity of at least 182,500,000 MMBtu per annum that (a) as of the date hereof, are intended to be used for production of LNG and other Services under the FOB Sale and Purchase Agreements, and (b) are identified in
Exhibit H (Project Description) to the Common Terms Agreement and such related facilities and equipment necessary and useful for the operation thereof.  

“Project Completion Date” means the date upon which all of the conditions set forth in Schedule 5.4 (Conditions to
Project Completion Date) to the Common Terms Agreement have been either satisfied, to the satisfaction of the Facility Agents and the Required Secured Parties, or, in each case, waived by the Facility Agents and the Required Secured
Parties. 
 “Project Costs” means all costs of acquiring, leasing, designing, engineering, developing, permitting, insuring,
financing (including closing costs and interest and interest rate hedge expenses), constructing, installing, commissioning, testing and starting-up (including costs relating to all equipment, materials, spare parts and labor for) the Project, gas
purchase, transport, and storage costs, and all other costs incurred with respect to the Project in accordance with the Construction Budget, including working capital prior to the end of the Availability Period. Project Costs shall exclude any
operation and maintenance expenses for any train of the Project if the FOB Sale and Purchase Agreement(s) related to such train has achieved Date of First Commercial Delivery under and as defined in such FOB Sale and Purchase Agreement(s) (or Train
1 DFCD under and as defined the BG FOB Sale and Purchase Agreement). 
 “Project Document Termination Payments” means all payments
that are required to be paid to or for the account of the Borrower as a result of the termination of or reduction of any obligations under any Material Project Document, if any.  

“Project Documents” means each Material Project Document and any other material agreement relating to Development. 

“Project Parties” means the Material Project Parties and each other Person from time to time party to a Project Document (other than
the Borrower).  
 “Projected Debt Service Coverage Ratio” means, for any applicable period, the ratio of (a) Cash Flow
Available for Debt Service projected for such period to (b) Debt Service projected for such period (other than (i) pursuant to voluntary prepayments or mandatory prepayments, (ii) Debt Service due at maturity, (iii) Working
Capital Debt, (iv) LC Costs, (v) interest in respect of Debt Service or net amounts under any Permitted Hedging Agreements in respect of interest rates, in each case projected to be paid prior to the end of the Availability Period and
(vi) Hedging Termination Amounts); provided, however, that for purposes of any calculation of the Projected Debt Service Coverage Ratio (other than pursuant to Section 5.01(c)(iv)(F) (Withdrawals from Equity Proceeds
Account) or Section 5.10(d)(ii) (Restricted Payments) of the 

  
 47 

 
Accounts Agreement), the Projected Debt Service Coverage Ratio calculation for the calendar year in which the Initial Quarterly Payment Date occurs, or is projected to occur, will (A) if the
Initial Quarterly Payment Date is, or is projected to occur, on December 31, be deemed to be the next succeeding calendar year, and (B) if the Initial Quarterly Payment Date is, or is projected to occur, on any other day, be pro rated for
the number of full calendar months remaining in such calendar year. 
 “Property” means any right or interest in or to property of any kind
whatsoever, whether real, personal, mixed, movable, immovable, corporeal or incorporeal and whether tangible or intangible. 
 “Prudent Industry
Practice” means, at a particular time, any of the practices, methods, standards and procedures (including those engaged in or approved by a material portion of the LNG industry) that, at that time, in the exercise of reasonable judgment in
light of the facts known at the time a decision was made, would reasonably have been expected to accomplish the desired result consistent with good business practices, including due consideration of the Project’s reliability, environmental
compliance, economy, safety and expedition, and which practices, methods, standards and acts generally conform to International LNG Terminal Standards and International LNG Vessel Standards. 

“PUHCA” means the Public Utility Holding Company Act of 2005 and FERC’s implementing regulations. 

“Qualified Counterparty” means: 

(a) as of the date of execution or assignment of any Interest Rate Protection Agreement, any of the following: (i) any Person who is a
Secured Debt Holder as of the date of the Common Terms Agreement or (ii) any Affiliate of any Person listed in the foregoing clause (a)(i) of this definition; 

(b) as of the date of execution or assignment of any Interest Rate Protection Agreement, any of the following: (i) any Person who becomes
a Secured Debt Holder after the date of the Common Terms Agreement or (ii) any Affiliate of any Person listed in the foregoing clause (b)(i) of this definition, in each case, with a credit rating (or a guaranty from a Person with a credit
rating) of at least A- from S&P or Fitch or at least A-3 from Moody’s; or 
 (c) Standard Chartered Bank or any of its Affiliates.

 “Qualified FOB Sale and Purchase Agreements” means an LNG sale and purchase agreement entered into with an Investment Grade buyer for a
Qualifying Term for delivery of LNG on an FOB basis. 

  
 48 

 “Qualified Gas Supplier” means any Person (i) listed in Exhibit K to the Common
Terms Agreement, (ii) rated at least BBB- by S&P, BBB- by Fitch, or Baa3 by Moody’s, (iii) having an unconditional guaranty of its obligations to the Borrower pursuant to any Additional Material Project Document from another
Person possessing one of the ratings specified in the foregoing clause (ii), or (iv) providing a letter of credit from a financial institution rated at least A- by S&P or A3 by Moody’s, in at least the amount of its obligations under
its Gas supply contract with the Borrower; provided, however, that to the extent that any Qualified Gas Supplier under this definition is experiencing operational issues resulting in its inability to deliver quantities of natural gas
pursuant to the terms of its respective Additional Material Project Document, any other Person that supplies such quantities of natural gas shall be deemed a Qualified Gas Supplier for purposes of this definition. 

“Qualified Transporter” means any Person possessing the requisite FERC Government Approval to transport natural gas. 

“Qualifying Term” means a term that does not expire before the expected amortization term of the Senior Debt pursuant to the Base Case
Forecast. 
 “Quarterly Payment Date” means the Initial Quarterly Payment Date and each
March 31, June 30, September 30 and December 31 thereafter. 
 “Ready for Performance Testing” with respect
to each of the EPC Contracts, has the meaning provided in such EPC Contract. 
 “Ready for Start Up” with respect to each of the EPC
Contracts, has the meaning provided in such EPC Contract. 
 “Real Property Documents” means any material contract or agreement
constituting or creating an estate or interest in any portion of the Site, including, without limitation, the Lease Agreements and the Subleases. 

“Regulation T”, “Regulation U” and “Regulation X” means, respectively, Regulation T, Regulation U and
Regulation X of the Board. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the shareholders,
members, partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Release”
means, with respect to any Hazardous Material, any release, spill, emission, leaking, pouring, emptying, escaping, dumping, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration of such Hazardous Material into the
environment, including the movement of such Hazardous Material through ambient air, soil, surface water, ground water, wetlands, land or subsurface strata. 

  
 49 

 “Replacement Debt” means, collectively, Secured Replacement Debt and Unsecured Replacement Debt
incurred by the Borrower (including by way of Senior Bonds) pursuant to Section 2.6 (Replacement Debt) in order to partially or in whole (a) refinance by prepaying or redeeming then existing Senior Debt or (b) replace by
cancelling then existing Senior Debt Commitments. 
 “Replacement Debt Incremental Amounts” means the amount of Senior Debt under
Replacement Debt related to the incurrence of such Replacement Debt that are incremental to the Senior Debt that would have arisen under the replaced Senior Debt, including incremental interest payable on such Replacement Debt compared to the
replaced Senior Debt and the amount of Replacement Debt incurred to pay fees, provisions, costs, expenses and premiums associated with the incurrence of such Replacement Debt. 

“Required Debt Service Reserve Amount” means as of any date on and after the Project Completion Date, an amount projected by the Common
Security Trustee equal to the amount necessary to pay the forecasted Debt Service in respect of Secured Debt (other than Working Capital Debt) from such date through (and including) the next two (2) Payment Dates (which shall, if not already
included, include the maturity date under any Secured Debt (other than Working Capital Debt)) (assuming that no Default will occur during such period) taking into account, with respect to interest, the amount of interest that would accrue on the
aggregate principal amount of the Advances for the next six (6) months; provided, that for purposes of calculation of the amount specified in clause (c) of the definition of Debt Service, any final balloon payment or bullet maturity
of Secured Debt shall not be taken into account and instead only the equivalent of the principal payment on the immediately preceding Payment Date prior to such balloon payment or bullet maturity shall be taken into account. 

“Required Secured Parties” has the meaning given to it in the Intercreditor Agreement. 

“Restricted Payment” means (a) any dividend or other distribution by the Borrower (in cash, Property of the Borrower, securities,
obligations, or other property) on, or other dividends or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by the Borrower of, any
portion of any membership interest in the Borrower and (b) all payments (in cash, Property of the Borrower, securities, obligations, or other property) of principal of, interest on and other amounts with respect to, or other payments on account
of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by the Borrower of, any Indebtedness owed to the Pledgor or any other Person party to a Pledge Agreement or any
Affiliate thereof, including any Subordinated Indebtedness. Payments to the Manager for fees and costs pursuant to the Management Services Agreement, and payments to the Operator pursuant to the O&M Agreement paid in accordance with Sections
5.02(e) (Construction Account), 5.03(b) (Revenue Account), and 5.04(b) (Operating Account) of the Accounts Agreement are not Restricted Payments. 

  
 50 

 “Revenue Account” has the meaning assigned to such term in the Accounts Agreement. 

“ROK Financial Institution” means (a) KEXIM, (b) KSURE and (c) each other financial institution that, on the Closing Date, is
a KEXIM Covered Facility Lender or a KSURE Covered Facility Lender. 
 “S&P” means Standard & Poor’s Ratings Group, a
division of McGraw-Hill, Inc. 
 “Sabine Pass Terminal” has the meaning set forth in the Recitals to the Common Terms Agreement. 

“Sabine Pass TUA” means the Second Amended and Restated LNG Terminal Use Agreement, dated as of July 31, 2012, between the Borrower and
SPLNG, as supplemented by that certain Letter Agreement, dated May 28, 2013. 
 “Sanctions Violation” has the meaning provided in
Section 6.5(d) (Compliance with Government Rules, Etc.). 
 “Second Omnibus Amendment” has the meaning set forth in the
Recitals to the Common Terms Agreement. 
 “Secured Debt” means the Senior Debt (other than Indebtedness under Interest Rate
Protection Agreements) that is secured by a Security in the Collateral pursuant to the Security Documents.  
 “Secured Debt Holder
Group” means, at any time, the Holders of each tranche of Secured Debt. 
 “Secured Debt Holder Group Representative” means
(a) the Commercial Banks Facility Agent in respect of the Commercial Bank Lenders and Commercial Banks Facility, (b) the Initial Senior Bonds Trustee in respect of the Initial Senior Bonds, (c) the KEXIM Facility Agent in respect of
(i) KEXIM and the KEXIM Direct Facility and (ii) KEXIM Covered Lenders and the KEXIM Covered Facility, (d) the KSURE Facility Agent in respect of KSURE Covered Facility Lenders and the KSURE Covered Facility, and (e) in respect
of any other Secured Debt Holder Group and its relevant Secured Debt Instrument, the representative designated as such in Schedule 2.8(e) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule
2.8(e) may be updated from time to time). 
 “Secured Debt Holders” means, at any time, the Holders of the Secured Debt. 

  
 51 

 “Secured Debt Instrument” means, at any time, each instrument, including the Facility
Agreements, the Working Capital Facility Agreement, and the Initial Senior Bonds Indenture, governing Secured Debt and designated as such in Schedule 2.8(e) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement
(as such Schedule 2.8(e) may be updated from time to time), but excluding any Special Credit Support Documents (as defined in the Intercreditor Agreement). 

“Secured Gas Hedge” means a Permitted Hedging Agreement described in clause (b) of the definition thereof that is secured by a
Security in the Collateral pursuant to the Security Documents.  
 “Secured Gas Hedge Instrument” means, at any time, each
instrument governing Secured Gas Hedge Obligations and designated as such in Schedule 2.8(e) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.8(e) may be updated from time to time).

 “Secured Gas Hedge Obligations” means the Indebtedness under any Permitted Hedging Agreement described in clause (b) of the
definition thereof that is secured by a Security in the Collateral pursuant to the Security Documents. 
 “Secured Gas Hedge
Representative” means the representative or representatives of the Gas Hedge Providers designated as such in Schedule 2.8(e) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule
2.8(e) may be updated from time to time). 
 “Secured Hedge Instrument” means, at any time, each instrument governing Secured Hedge
Obligations and designated as such in Schedule 2.8(e) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.8(e) may be updated from time to time). 

“Secured Hedge Obligations” means the Indebtedness under Interest Rate Protection Agreements that is secured by a Security in the Collateral
pursuant to the Security Documents. 
 “Secured Hedge Representative” means the representative or representatives of the Holders of Secured
Hedge Obligations designated as such in Schedule 2.8(e) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.8(e) may be updated from time to time). 

“Secured Hedging Parties” means the Holders of the Secured Hedge Obligations. 

  
 52 

 “Secured Parties” means the Secured Debt Holders, the Holders of Secured Hedge Obligations, the
Gas Hedge Providers, the Common Security Trustee, the Intercreditor Agent, the Accounts Bank, the applicable Secured Debt Holder Group Representatives, Secured Hedge Representatives and Secured Gas Hedge Representatives, and, in addition to their
capacity as any of the foregoing, KEXIM (to the extent of any Obligations owed in connection with the KEXIM Guarantee) and KSURE (to the extent of any Obligations owed in connection with the KSURE Insurance), in each case, in whose favor the
Borrower has granted Security in the Collateral pursuant to the Security Documents. 
 “Secured PDE Debt” means the PDE Debt that is
Secured Debt. 
 “Secured Replacement Debt” means the Replacement Debt that is Secured Debt. 

“Secured Train 6 Debt” means Train 6 Debt which is Secured Debt. 

“Secured Working Capital Debt” means the Working Capital Debt that is Secured Debt. 

“Security” means the security interest created in favor of the Common Security Trustee for the benefit of the Secured Parties pursuant to the
Security Documents. 
 “Security Agency Agreement” means the Second Amended and Restated Security Agency Agreement, dated as of
June 30, 2015, among the Borrower, the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common Security Trustee, the Accounts Bank and the Intercreditor Agent. 

“Security Documents” means: 

(a) the Borrower Security Agreement; 

(b) the Accounts Agreement; 
 (c)
each Pledge Agreement; 
 (d) the Mortgages; 

(e) the Consents; and 
 (f) any
such other security agreement, control agreement, patent and trademark assignment, lease, mortgage, assignment and other similar agreement securing the Obligations between any Person and the Common Security Trustee on behalf of the Secured Parties
or between any Person and any other Secured Party and all financing statements, agreements or other instruments to be filed in respect of the Liens created under each such agreement. 

  
 53 

 “Senior Bonds” means debt securities issued pursuant to an Indenture that is a Senior Debt
Instrument. 
 “Senior Debt” means: 
  

	 	(a)	Commercial Bank Debt; 

  

	 	(b)	the Initial Senior Bonds; 

  

	 	(c)	KEXIM Direct Facility Debt; 

  

	 	(d)	KEXIM Covered Facility Debt; 

  

	 	(e)	KSURE Covered Facility Debt; 

  

	 	(f)	Additional Secured Debt; 

  

	 	(g)	Unsecured Replacement Debt; 

  

	 	(h)	Unsecured PDE Debt; 

  

	 	(i)	Unsecured Train 6 Debt; 

  

	 	(j)	Unsecured Working Capital Debt; and 

  

	 	(k)	Indebtedness under Interest Rate Protection Agreements. 

 “Senior Debt Commitments” means, at
any time, the aggregate of any principal amount that Holders of Senior Debt are committed to disburse or stated amount of letters of credit that Holders of Senior Debt are required to issue, in each case under any Senior Debt Instrument, and in the
case of Senior Debt Commitments in respect of Secured Debt, the aggregate of the Facility Commitments. 
 “Senior Debt Facilities Debt Service
Reserve Account” has the meaning assigned to such term in the Accounts Agreement. 
 “Senior Debt Instrument” means a
Secured Debt Instrument or an Unsecured Debt Instrument.  
 “Senior Issuing Bank” has the meaning set forth in the Working Capital
Facility Agreement. 
 “Services” means the liquefaction and other services to be provided or performed by the Borrower under the
FOB Sale and Purchase Agreements. 

  
 54 

 “Site” means, collectively, each parcel or tract of land, as reflected on Schedule A of the
Title Policy and in the Real Property Documents, upon which any portion of the Project is or will be located. 
 “Solvent” means, with
respect to any Person as of the date of any determination, that on such date: 
 (a) the fair valuation of the property of such Person is
greater than the total liabilities, including, without limitation, contingent liabilities, of such Person; 
 (b) the present fair saleable
value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured; 

(c) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations, and other commitments as
they mature in the normal course of business; 
 (d) such Person does not intend to, and does not believe that it will, incur debts or
liabilities beyond such Person’s ability to pay as such debts and liabilities mature; and 
 (e) such Person is not engaged in business
or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute unreasonably small capital after giving due consideration to current and anticipated future business conduct and the
prevailing practice in the industry in which such Person is engaged. 
 In computing the amount of contingent liabilities at any time, such
liabilities shall be computed at the amount which, in light of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Specified Completion Conditions” means the conditions to the occurrence of the Project Completion Date set forth in clauses (c), (d),
(k)(ii) with respect to item 7 of the Gas Sourcing Plan, (o) (as to the Project being in service), (q) and (r) of Schedule 5.4 (Conditions to Project Completion Date) to the Common Terms Agreement. 

“SPLNG” has the meaning set forth in the Recitals to the Common Terms Agreement.  

“SPLNG Indenture” means, collectively, the Indenture dated as of November 9, 2006, among SPLNG, the Guarantors (as defined therein) and
The Bank of New York, as trustee, and the Indenture dated as of October 16, 2012, among SPLNG, the Guarantors (as defined therein) and The Bank of New York Mellon, as trustee. 

  
 55 

 “Sponsor” has the meaning set forth in the Recitals to the Common Terms Agreement. 

“Sponsor Case Required Debt Service Reserve Amount” has the meaning set forth in the Accounts Agreement. 

“Sponsor Case Restricted Payment” has the meaning set forth in the Accounts Agreement. 

“Stage 1 ConocoPhillips License Agreement” means the License Agreement, dated as of May 3, 2012, between the Borrower and ConocoPhillips
Company. 
 “Stage 1 EPC Contract” means the Lump Sum Turnkey Agreement for the Engineering, Procurement and Construction of the Sabine
Pass LNG Stage 1 Liquefaction Facility, dated as of November 11, 2011, between the Borrower and the EPC Contractor (as supplemented by (a) any Change Order executed prior to the Closing Date that was entered into in accordance with, or as
permitted or contemplated by, the Original Common Terms Agreement and (b) the Umbrella Insurance Agreement). 
 “Stage 2 ConocoPhillips License
Agreement” means the License Agreement, dated as of December 21, 2012, between the Borrower and ConocoPhillips Company. 

“Stage 2 EPC Contract” means the Lump Sum Turnkey Agreement for the Engineering, Procurement and Construction of the Sabine Pass LNG
Stage 2 Liquefaction Facility, dated as of December 20, 2012, between the Borrower and the EPC Contractor (as supplemented by (a) any Change Order executed prior to the Closing Date that was entered into in accordance with, or as permitted
or contemplated by, the Original Common Terms Agreement and (b) the Umbrella Insurance Agreement). 
 “Stage 3 ConocoPhillips License
Agreement” means the License Agreement, dated as of May 20, 2015, between the Borrower and ConocoPhillips Company. 
 “Stage 3
EPC Contract” means the Lump Sum Turnkey Agreement for the Engineering, Procurement and Construction of the Sabine Pass LNG Stage 3 Liquefaction Facility, dated as of May 4, 2015, between the Borrower and the EPC Contractor (as
supplemented by (a) the Change Order set forth on Schedule 7.13 (Change Orders) and (b) the Umbrella Insurance Agreement). 

“Stage 4 ConocoPhillips License Agreement” means the license agreement to be entered into between the Borrower and ConocoPhillips Company in
connection with the incorporation of the ConocoPhillips Optimized Cascade Process (as defined therein) into Train 6. 
 “Stage 4 EPC
Contract” means the lump sum turnkey agreement for the engineering, procurement and construction of Train 6 to be entered into between the Borrower and the EPC Contractor on terms substantially similar to the Stage 3 EPC Contract.

  
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 “Stage 4 Umbrella Insurance Agreement” means the Umbrella Agreement for the Insurance
Requirements for the Stage 4 EPC Contract to be entered into between the Borrower and the EPC Contractor on terms substantially similar to the Umbrella Insurance Agreement. 

“Subleases” means the Sub-lease Agreement, dated June 11, 2012, between SPLNG, as sublessor, and the Borrower, as sublessee
covering approximately two hundred sixty-eight (268) acres of the Site and the Second Sub-lease Agreement, dated as of June 25, 2015, between SPLNG, as sublessor, and the Borrower, as sublessee, covering approximately one hundred
ninety-nine and four hundredths (199.04) acres of the Site.  
 “Subordinated Indebtedness” means any unsecured Indebtedness of
the Borrower to any Person permitted by clause (d) of the definition of Permitted Indebtedness which is subordinated to the Obligations pursuant to an instrument in writing satisfactory in form and substance to the Required Secured Parties.

 “Subsidiary” means, for any Person, any corporation, partnership, joint venture, limited liability company or other entity of
which at least a majority of the securities or other ownership interests having by their terms ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions of such corporation, partnership or
other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by reason of the happening of any
contingency) is at the time directly or indirectly owned or Controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person.  

“Substantial Completion” has the meaning assigned to the term “Substantial Completion” in the relevant EPC Contract, as the context
requires. 
 “Summary Milestone Schedule” means a summary of selected CPM Schedule milestones, extracted from the Level III CPM Schedule
(each as defined in the applicable EPC Contract) substantially in the form acceptable to the Independent Engineer, listing for each contained milestone: early start date, early finish date, late start date, late finish date, and days of float. 

“Survey” means (a) for the purposes of Schedule 5.1 (Conditions to Closing Date) to the Common Terms Agreement and Schedule 5.4
(Conditions to Each Advance) to the Common Terms Agreement, (i) that certain ALTA survey of the Site dated as of July 30, 2012 prepared by Lonnie G. Harper, P.L.S., Reg No. 4326, Lonnie G. Harper & Assoc. Inc. Grand
Chenier, Louisiana under Job No. 06/2978/2012 and (ii) that certain ALTA survey of the Site dated August 1, 2014, last revised on June 26, 2015 prepared by Lonnie G. Harper, P.L.S., Reg No. 4326, Lonnie G. Harper &
Assoc. Inc. Grand Chenier, Louisiana under Project No. 2014-29, and (b) for the purposes of Section 6.18(a) (Surveys and Title Policies), ALTA surveys of the Site: 

(i) showing a state of facts reasonably acceptable to the Common Security Trustee; 

  
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 (ii) prepared by an independent surveyor licensed in the State of Louisiana; 

(iii) in compliance with the 2011 ALTA/ACSM Minimum Standard Detail Requirements for ALTA/ACSM Surveys, including Table A optional items 1, 2,
3, 4, 6(a), 6(b), 8, 10, 13, 17 and 18 and, in addition, with respect to the “as-built” ALTA Survey to be delivered pursuant to Section 6.18 (Surveys and Title Policies), Table A option items 7(a) and 9; 

(iv) certified to the Borrower, the Title Company, the Common Security Trustee and such additional parties as any of them shall designate; and

 (v) otherwise sufficient for the Title Company to eliminate all standard survey exceptions from the Title Policy. 

“Swing Line Lender” has the meaning set forth in the Working Capital Facility Agreement. 

“Taxes” means, with respect to any Person, all taxes, assessments, imposts, duties, governmental charges or levies imposed directly or
indirectly on such Person or its income, profits or Property by any Government Authority, including any interest, additions to tax or penalties applicable thereto, and “Tax” shall have a correlative meaning. 

“Term Loan A Credit Agreement” means the Second Amended and Restated Credit Agreement (Term Loan A), dated as of June 30, 2015, by and
among the Borrower, the Commercial Banks Facility Agent, the Common Security Trustee, and the Commercial Bank Lenders. 
 “Terminal Use Rights
Assignment and Agreement” means the Terminal Use Rights Assignment and Agreement, dated as of July 31, 2012, among the Borrower, SPLNG and Cheniere Energy Investments, LLC. 

“Title Company” means First American Title Insurance Company.  

“Title Policy” means, with regard to each Mortgage, a fully paid ALTA form 6-16-2006 extended coverage lenders’ policy of title
insurance as adopted for use in Louisiana, or a binding marked commitment deleting all requirements to issue such policy, including all amendments thereto, endorsements thereof and substitutions or replacements therefor, issued by the Title Company
in favor of the Common Security Trustee, with such coinsurers or reinsurers as may be reasonably required by the Common Security Trustee, in an aggregate principal amount of not less than (i) six billion three hundred seventy-seven million
Dollars ($6,377,000,000) with regard to the Mortgage described in clause (i) of the definition thereof (which Title Policy for such Mortgage shall be the previously issued ALTA 6-16-2006 extended coverage Loan Policy of

  
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Title Insurance No. NCS-550089-1-LA-Loan dated May 29, 2013, endorsed with a fully paid ALTA Form 11-06 Mortgage Modification endorsement thereto issued by the Title Company dated as of the
date of the recording of such Mortgage) and (ii) two billion Dollars ($2,000,000,000) with regard to the Mortgage described in clause (ii) of the definition thereof, each in form satisfactory to the Common Security Trustee in all respects,
insuring as of the date of the recording of the Mortgages (except with respect to Mechanics’ Liens, which shall be insured through the date of the EPC Contractor’s most recent Interim Conditional Lien Waiver (as that term is defined in the
applicable EPC Contract)), that the Mortgages are first and prior Liens on the Mortgaged Property encumbered by each (to the extent the Mortgaged Property consists of interests insurable under the terms of such form of title policy) free and clear
of all Liens on and defects of title other than Permitted Liens, and containing or providing for, among other items: 
 (a) no survey
exceptions other than those approved by the Common Security Trustee; 
 (b) a pending disbursements clause acceptable to the Common Security
Trustee; and 
 (c) such endorsements and affirmative assurances as the Common Security Trustee shall reasonably require and which are
reasonably obtainable from title insurers in regard to commercial property located in the State of Louisiana. 
 “Total” means Total
Gas & Power North America, Inc. 
 “Total Capitalization” means the sum of (a) Total Debt, plus (b) Funded
Equity.  
 “Total Debt” means the principal amount of all Secured Debt of the Borrower and its Subsidiaries (if any),
Indebtedness under any Unsecured Debt Instruments to which the Borrower or its Subsidiaries (if any) is a party, and all subordinated debt of the Borrower and its Subsidiaries (if any) (other than member loans made to the Borrower or its
Subsidiaries (if any)).  
 “Total DFCD Deadline” means the date that is sixty (60) days prior to the date upon which Total
would have the right to terminate the Total FOB Sale and Purchase Agreement for any failure to achieve the Date of First Commercial Delivery (as defined in the Total FOB Sale and Purchase Agreement) by such date, as extended by any waivers,
modifications or amendments to the Total FOB Sale and Purchase Agreement in accordance with Section 7.9 (Project Documents, Etc.), but without giving effect to cure rights under any Consent between the Common Security Trustee and Total.

 “Total FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB), dated December 14, 2012, between the
Borrower and Total. 

  
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 “Total TUA” means the LNG Terminal Use Agreement, dated as of September 2, 2004 (as amended
by that certain Amendment of LNG Terminal Use Agreement, dated as of January 24, 2005, and that certain Amendment of LNG Terminal Use Agreement, dated as of June 15, 2010), by and between SPLNG and Total Gas & Power North America,
Inc. 
 “Total TUA Assignment Agreements” means, collectively, (i) the Partial Assignment Agreement, dated September 11, 2012 and
effective as of October 1, 2012, by and between the Borrower and Total Gas & Power North America, Inc., (ii) the Throughput Agreement, dated September 11, 2012 and effective as of October 1, 2012, by and between the
Borrower and Total Gas & Power North America, Inc., (iii) the Master LNG Sale and Purchase Agreement, dated September 11, 2012 and effective as of October 1, 2012, by and between the Borrower and Total Gas & Power
North America, Inc., and (iv) the Base Contract for Sale and Purchase of Natural Gas, dated September 11, 2012 and effective as of October 1, 2012, by and between the Borrower and Total Gas & Power North America. 

“Train 6” means the sixth liquefaction Train of the Project. 

“Train 6 Bank Debt” means Train 6 Secured Debt which constitutes one or more commercial loans made pursuant to one or more credit facilities
in which the lenders are primarily financial institutions engaged in the business of banking. 
 “Train 6 Debt” has the meaning provided in
Section 2.7 (Train 6 Debt). 
 “Train 6 Development” means the development, acquisition, ownership, occupation, construction,
equipping, testing, repair, operation, maintenance and a use of the sixth liquefaction train of the Sabine Pass Terminal and the purchase and sale of natural gas and the sale of LNG, the export of LNG from the sixth liquefaction train of the Sabine
Pass Terminal (and, if elected, the import of LNG to the extent the Borrower has all necessary Government Approvals therefor), the transportation of natural gas to the sixth liquefaction train of the Sabine Pass Terminal by third parties, and the
sale of other Services in connection with Train 6 or other products or by-products of the sixth liquefaction train of the Sabine Pass Terminal and all activities incidental thereto, in each case in accordance with the Transaction Documents. 

“Train 6 DFCD Deadline” means the date that is sixty (60) days prior to the date upon which an offtaker under any of the Train 6 FOB
Sale and Purchase Agreements would have the right to terminate the Train 6 FOB Sale and Purchase Agreement to which it is a party for any failure to achieve the Date of First Commercial Delivery (as defined in such Train 6 FOB Sale and Purchase
Agreement) by such date, as extended by any waivers, modifications or amendments to such Train 6 FOB Sale and Purchase Agreement in accordance with Section 7.9 (Project Documents, Etc.), but without giving effect to cure rights under any
Consent between the Common Security Trustee and such offtaker. 

  
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 “Train 6 Facility” means, if applicable, the Dollar term loan facility made available to the
Borrower pursuant to the Train 6 Facility Agreement. 
 “Train 6 Facility Agent” means, if applicable, the Train 6 Facility Agent under and
as defined in the Train 6 Facility Agreement. 
 “Train 6 Facility Agreement” means, if applicable, the credit agreement to be entered into
between the Borrower, the Train 6 Facility Agent, the Common Security Trustee, and the Train 6 Facility Lenders governing Train 6 Bank Debt incurred for purposes of financing Train 6. 

“Train 6 Facility Commitment” means, if applicable, in relation to a Train 6 Facility Lender, the amount allocated to such Train 6 Facility
Lender in the applicable schedule to the Train 6 Facility Agreement (as such schedule may be updated from time to time). 
 “Train 6 Fee
Letters” means, if applicable, the fee letters to be entered into between the Borrower and each of the Train 6 Facility Lenders in connection with the Train 6 Facility Agreement. 

“Train 6 Funding Plan” has the meaning provided in Section 2.7(b) (Train 6 Debt). 

“Train 6 Facility Lenders” means, if applicable, any Person from time to time party to the Train 6 Facility Agreement as a Train 6 Facility
Lender. 
 “Train 6 FOB Sale and Purchase Agreement” means any LNG sale and purchase agreement executed by the Borrower with an Investment
Grade buyer for delivery of LNG on an FOB basis from and after the date of first commercial delivery with respect to Train 6, which shall have terms and conditions (taken as a whole) substantially similar to the FOB Sale and Purchase Agreements.

 “Train 6 Initial Advance” means the first Advance under the Facilities to take place after the incurrence of Train 6 Debt. 

“Train 6 Loans” means, if applicable, loans made by the Train 6 Facility Lenders to the Borrower in accordance with and pursuant to the terms
of the Train 6 Facility Agreement. 
 “Train 6 Secured Debt” means Train 6 Debt that constitutes Secured Debt. 

“Trains 1-4 Export Authorizations” means, collectively, DOE/FE Order No. 2833 approving the Borrower’s export of LNG from the
Project to Free Trade Agreement Nations and DOE/FE Order No. 2961-A granting long term authority to export LNG from the Project to Non-Free Trade Agreement Nations. 

  
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 “Trains 1-4 FERC Orders” means (1) the Order Granting Section 3 Authorization
issued by FERC on April 16, 2012, in Docket No. CP11-72-000, and the Order Denying Rehearing and Stay issued by FERC on July 26, 2012, in Docket No. CP11-72-001; (2) the Order Amending Section 3 Authorization
issued by FERC on August 2, 2013, in Docket No. CP13-2-000; and (3) the Order Amending Section 3 Authorization issued by FERC on February 20, 2014, in Docket No. CP14-12-000, and the Order Denying Rehearing issued
by FERC on September 18, 2014, in Docket No. CP14-12-001. 
 “Trains 5 & 6 Export Authorizations” means, collectively, DOE/FE
Order Nos. 3306, 3307, and 3384 approving the Borrower’s export of LNG from the Project to Free Trade Agreement Nations, and DOE/FE Order No. 3669 granting long term authority to export LNG from the Project to Non-Free Trade Agreement
Nations. 
 “Trains 5 & 6 FERC Orders” means the Order Granting Authorization Under Section 3 of the Natural Gas Act and
Issuing Certificate issued by FERC on April 6, 2015 in Docket Nos. CP13-552-000 & CP13-553-000, and the Order Denying Rehearing issued by FERC on June 23, 2015, in Docket Nos. CP13-552-001 & CP13-553-001. 

“Tranche” has the meaning given to it in the Term Loan A Credit Agreement. 

“Transaction Documents” means, collectively, the Financing Documents and the Project Documents. 

“Transco Precedent Agreement” means the Precedent Agreement for Firm Transportation Service under Gulf Trace Project, dated as of
April 15, 2014, between Transcontinental Gas Pipe Line Company, LLC and the Borrower. 
 “Transfer Accession Agreement” means an
accession agreement substantively in the form set out in Schedule 2.9(d) (Form of Transfer of Accession Agreement (Secured Debt Holder Group Representative)) to the Common Terms Agreement in respect of any Secured Debt Holder Group
Representative, Schedule 2.9(e) (Form of Transfer of Accession Agreement (Secured Hedge Representative)) to the Common Terms Agreement in respect of any Secured Hedge Representative and Schedule 2.9(f) (Form of Transfer of
Accession Agreement (Secured Gas Hedge Representative)) to the Common Terms Agreement in respect of any Secured Gas Hedge Representative. 

“Umbrella Insurance Agreement” means the First Amended and Restated Umbrella Agreement for the Insurance Requirements for the Engineering,
Procurement and Construction of the Sabine Pass Stage 1, Stage 2 and Stage 3 Liquefaction Facilities, and if Train 6 Debt has been incurred, the Stage 4 Umbrella Insurance Agreement. 

  
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 “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code
as in effect from time to time in the State of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of the security interest in any Collateral is governed by
the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of provisions relating
to such perfection or priority and for purposes of definitions related to such provisions. 
 “United States” or “U.S.”
means the United States of America. 
 “Unsecured Debt Instrument” means, at any time, each material instrument governing Senior Debt other
than Secured Debt or Secured Hedge Obligations. 
 “Unsecured PDE Debt” means the PDE Debt that is not Secured Debt.  

“Unsecured Replacement Debt” means the Replacement Debt that is not Secured Debt.  

“Unsecured Train 6 Debt” means the Train 6 Debt that is not Secured Debt.  

“Unsecured Working Capital Debt” means the Working Capital Debt that is not Secured Debt.  

“Water Agreement” means the Water Service Agreement, dated as of December 21, 2011, between the City of Port Arthur and the Borrower, as
amended by that certain First Amendment to Water Service Agreement, dated as of June 12, 2012, that certain Second Amendment to Water Service Agreement, dated as of December 31, 2012 and that certain Third Amendment to Water Service
Agreement, dated as of June 30, 2015. 
 “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.  

“Working Capital Debt” has the meaning assigned to such term in Section 2.4 (Working Capital Debt). 

“Working Capital Facility Agent” or “Senior LC Facility Administrative Agent” means The Bank of Nova Scotia, not in its
individual capacity, but solely as agent for the Working Capital Lenders under the Working Capital Facility Agreement. 
 “Working Capital Facility
Agreement” means the Senior Letter of Credit and Reimbursement Agreement, dated as of April 21, 2014, by and among the Borrower, the Working Capital Facility Agent, the Common Security Trustee, The Bank of Nova Scotia as senior issuing
bank and the Working Capital LC Lenders party thereto from time to time. 

  
 63 

 “Working Capital Lenders” or “Senior LC Lenders” means those lenders party to
the Working Capital Facility Agreement from time to time. 

  
 64

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