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Document

Exhibit 10.2
CHANGE ORDER
FERC CONDITION 78

						
	PROJECT NAME: Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER: Sabine Pass Liquefaction, LLC

CONTRACTOR: Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00063

DATE OF CHANGE ORDER: May 6, 2022

															
					

The Agreement between the Parties listed above is changed as follows: 

1.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), the Parties agree this Change Order includes Contractor’s costs to increase the design spill rate on the Third Berth system from 12,000 m3/hr to 13,000 m3/hr to accommodate both loading and cooldown flow rates to satisfy FERC Condition 78. This change requires Swale Modification in two (2) locations and a new SIL 2 Interlock Impoundment as further described below.

1.1. Swale Modification:

At Location 1, the system does not provide sufficient cross section to pass the flow resulting in a backup of the water surface upstream of the channel. The channel is identified as 5’-8” wide but only has a usable width of 5’-0” due to the provided 4” lightweight concrete liner (DB-03R03-00011). Removal of the lightweight concrete liner from the sides of the trench will provide sufficient cross-sectional area to reduce the water surface sufficiently to pass the peak flow rate. Removal of the lining from the bottom of the trench will lower the flowline level and provide additional available flow capacity in this section of the system. Owner has confirmed that removal of lightweight concrete line is acceptable.

At Location 2, there is insufficient cross section in the existing LNG system to convey the peak flow resulting in minor overtopping. The section depth at this location is approximately 3’ with a calculated normal flow depth of 3.03’ (1/3” above top of drain). To achieve sufficient flow depth in the existing LNG system, the tie-in point needs to move approximately 200’ downstream to Location 3 to provide approximately 3” of freeboard, which is in line with minimum freeboard provided in new Third Berth LNG trench. Re-alignment of the Third Berth spill conveyance channel will require removal of approximately 195' of clean stormwater drain.

Refer to Exhibit C of this Change Order for plot plan reflecting these modifications.

1.2. New SIL 2 Interlock Impoundment:

To avoid a pool fire scenario in the LNG trenches and associated impact to adjacent structures, a new SIL 2 interlock will be added to limit the spill volume to the capacity of the Jetty Impoundment Basin only, and eliminate back-up into the LNG trenches. This interlock will detect cold temperatures in the LNG trench and at the entrance to the Jetty Impoundment basin associated with the Third Berth, and will isolate the Third Berth as primary action, and trip the in-tank LNG pumps as secondary action.

Refer to Exhibit D of this Change Order for conceptual LNG spill collection system. 
Reference DECN 26012-100-M6N-DK-24015 for further information.

2.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order.

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

			
	

Adjustment to Contract Price Applicable to Subproject 6(a)
						
	 1. The original Contract Price Applicable to Subproject 6(a) was
	$	2,016,892,573 	
	 2.  Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49, 51, 53-58, 61) 	$	21,155,105 	
	 3.  The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,038,047,678 	
	 4.  The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
	 5.  The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
		
	 6.  The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,038,047,678 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
						
	 7. The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	 8. Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44, 50, 52, 59-60, 62)	$	(1,857,667)	
	 9. The Contract Price Applicable to Subproject 6(b) prior to this Change Order was 	$	455,838,333 	
	10. The Contract Price Applicable to Subproject 6(b) will be increased by this Change Order	$	627,450 	
	11. The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12. The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	456,465,783 	

			
	

Adjustment to Contract Price
						
	13. The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14. The Contract Price prior to this Change Order was (add lines 3 and 9)	$	2,493,886,011 	
	15. The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11)	$	627,450 	
	16. The new Contract Price including this Change Order will be (add lines 14 and 15)	$	2,494,513,461 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)

The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A
															
					

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B
Adjustment to Design Basis for Subproject 6(b):  Yes

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

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

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

									
	/s/ David Craft		Bechtel Energy, Inc.
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Senior Project Manager
	Title		Title
	May 9, 2022		May 6, 2022
	Date of Signing		Date of Signing

CHANGE ORDER
FERC IMPACT TO PIPE INSTALLATION

						
	PROJECT NAME: Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER: Sabine Pass Liquefaction, LLC

CONTRACTOR: Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00064

DATE OF CHANGE ORDER: June 14, 2022

															
					

The Agreement between the Parties listed above is changed as follows: 

1.In accordance with Section 6.2 of the Agreement (Change Orders Requested by Contractor), the Parties agree this Change Order includes Contractor’s costs associated with the mitigated delayed FERC permit approval for aboveground pipe, originally planned for 3 January 2022 and received on 8 April 2022. The delayed approval from FERC resulted in Contractor re-sequencing the Work to maintain key craft professionals and work additional overtime hours to progress the limited activities on a phased release from Owner in order to meet pipe testing skyline and maintain the Ready for Reduced Ship Loading (“RFRSL”) date.

2.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order.

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

Adjustment to Contract Price Applicable to Subproject 6(a)
						
	 1. The original Contract Price Applicable to Subproject 6(a) was
	$	2,016,892,573 	
	 2.  Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49, 51, 53-58, 61) 	$	21,155,105 	
	 3.  The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,038,047,678 	
	 4.  The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
	 5.  The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
		
	 6.  The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,038,047,678 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
						
	 7. The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	 8. Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44, 50, 52, 59-60, 62-63)	$	(1,230,217)	
	 9. The Contract Price Applicable to Subproject 6(b) prior to this Change Order was 	$	456,465,783 	
	10. The Contract Price Applicable to Subproject 6(b) will be increased by this Change Order	$	455,268 	
	11. The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12. The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	456,921,051 	

			
	

Adjustment to Contract Price
						
	13. The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14. The Contract Price prior to this Change Order was (add lines 3 and 9)	$	2,494,513,461 	
	15. The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11)	$	455,268 	
	16. The new Contract Price including this Change Order will be (add lines 14 and 15)	$	2,494,968,729 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)

The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A
															
					

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B
Adjustment to Design Basis for Subproject 6(b):  N/A

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

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

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

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

									
	/s/ David Craft		/s/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Sr. Project Manager, PVP
	Title		Title
	June 24, 2022		June 15, 2022
	Date of Signing		Date of Signing

CHANGE ORDER
SPILL CONTAINMENT SIL 2 INTERLOCK

						
	PROJECT NAME: Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER: Sabine Pass Liquefaction, LLC

CONTRACTOR: Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00065

DATE OF CHANGE ORDER: June 15, 2022

															
					

The Agreement between the Parties listed above is changed as follows: 

1.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), and in addition to the previously executed Change Order No. CO-00059, dated 11 January 2022 and the services provided therein, the Parties agree this Change Order includes Contractor’s costs to implement additional changes to the Spill Containment SIL 2 Interlock for the Third Berth Project as shown in Parts A and B below.

•    Part A: The material take-off (MTO) approved in the previous Change Order No. CO-00059 requires modification based on field walkdown. Existing spares were utilized for Tanks 1, 2 and 3; however, a new junction box and home run cable were added near the substation for Tanks 4 and 5. The purpose of this revision is to capture this additional hardware and associated labor and is inclusive of an additional junction box with stand, instrumentation cable, fittings and terminations. Part A has no impact to Contractor’s engineering hours previously executed in Change Order No. CO-00059.

•    Part B: Owner has requested the addition of new junction boxes and associated home run cable for Tanks 1, 2, 3, 4 and 5 to increase spare capacity in the system. As a result, these MTOs are new and are inclusive of five (5) junction boxes with stands, instrumentation cable, fittings and terminations. Part B has no impact to Contractor’s engineering hours previously executed in Change Order No. CO-00059.

•    For the avoidance of doubt, Parts A and B are considered independent.  This Change Oder assumes that the new flow interlock under Part A will not be re-wired to the new junction boxes under Part B.

2.Mitigation of any exceedance(s) (including re-running of transient at different conditions, and stress analysis to confirm exceedance(s) are acceptable to mitigate any potential exceedances) are specifically excluded from this Change Order and shall be part of a separate Change Order in accordance with Section 6.1 of the Agreement, if requested by Owner.

3.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order.

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

Adjustment to Contract Price Applicable to Subproject 6(a)
						
	 1. The original Contract Price Applicable to Subproject 6(a) was
	$	2,016,892,573 	
	 2.  Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49, 51, 53-58, 61) 	$	21,155,105 	
	 3.  The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,038,047,678 	
	 4.  The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
	 5.  The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
		
	 6.  The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,038,047,678 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
						
	 7. The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	 8. Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44, 50, 52, 59-60, 62-64)	$	(774,949)	
	 9. The Contract Price Applicable to Subproject 6(b) prior to this Change Order was 	$	456,921,051 	
	10. The Contract Price Applicable to Subproject 6(b) will be increased by this Change Order	$	619,069 	
	11. The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12. The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	457,540,120 	

			
	

Adjustment to Contract Price
						
	13. The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14. The Contract Price prior to this Change Order was (add lines 3 and 9)	$	2,494,968,729 	
	15. The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11)	$	619,069 	
	16. The new Contract Price including this Change Order will be (add lines 14 and 15)	$	2,495,587,798 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)

The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A
															
					

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B
Adjustment to Design Basis for Subproject 6(b):  N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A
Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  /s/ KM Contractor  /s/ DC  Owner

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

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

									
	/s/ David Craft		/s/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Senior Project Manager, PVP
	Title		Title
	June 24, 2022		June 15, 2022
	Date of Signing		Date of Signing

CHANGE ORDER
MARINE DREDGING AND MANAGEMENT OVERSIGHT PROVISIONAL SUMS CLOSURE

						
	PROJECT NAME: Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER: Sabine Pass Liquefaction, LLC

CONTRACTOR: Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00066

DATE OF CHANGE ORDER: June 16, 2022

															
					

The Agreement between the Parties listed above is changed as follows: 

1.Pursuant to the instructions in Section 2.4 and Section 2.5 Marine Dredging Provisional Sum and Dredging Management and Oversight Support Provisional Sum respectively of Attachment EE, Schedule EE-4 of the Agreement, this Change Order amends the Marine Dredging Provisional Sum and Dredging Management and Oversight Support Provisional Sum amounts based on the actual and final costs incurred by Contractor.

2.Section 2.4 - Marine Dredging Provisional Sum

a.The original Marine Dredging Provisional Sum in Section 2.4 of Attachment EE, Schedule EE-4 of the Agreement was Fifty-One Million, Seven Thousand U.S. Dollars (U.S. $51,007,000).

b.The amended Marine Dredging Provisional Sum, pursuant to Change Order CO-00020, dated 4 May 2020, was Fifty-Nine Million, Seven Thousand U.S. Dollars (U.S. $59,007,000).

c.The Marine Dredging Provisional Sum in Section 2.4 of Attachment EE, Schedule EE-4 of the Agreement is hereby increased by Seven Million, Five Hundred Thirty-Seven Thousand, Five Hundred Ninety-One U.S. Dollars (U.S. $7,537,591); and therefore, the final Marine Dredging Provisional Sum as amended by this Change Order shall be Sixty-Six Million, Five Hundred Forty-Four Thousand, Five Hundred Ninety-One U.S. Dollars (U.S. $66,544,591). 

3.Section 2.5 - Dredging Management and Oversight Support Provisional Sum

a.The original Dredging Management and Oversight Support Provisional Sum in Section 2.5 of Attachment EE, Schedule EE-4 of the Agreement was Seven Hundred Thousand U.S. Dollars (U.S. $700,000).

b.The Dredging Management and Oversight Support Provisional Sum in Section 2.5 of Attachment EE, Schedule EE-4 of the Agreement is hereby decreased by Three Hundred Forty-Nine Thousand, Eight Hundred Fifty-Nine U.S. Dollars (U.S. $349,859); and therefore, the final Dredging Management and Oversight Support Provisional Sum as amended by this Change Order shall be Three Hundred Fifty Thousand, One Hundred Forty-One U.S. Dollars (U.S. $350,141).

4.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order.

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

			
	

Adjustment to Contract Price Applicable to Subproject 6(a)
						
	 1. The original Contract Price Applicable to Subproject 6(a) was
	$	2,016,892,573 	
	 2.  Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49, 51, 53-58, 61) 	$	21,155,105 	
	 3.  The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,038,047,678 	
	 4.  The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
	 5.  The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
		
	 6.  The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,038,047,678 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
						
	 7. The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	 8. Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44, 50, 52, 59-60, 62-65)	$	(155,880)	
	 9. The Contract Price Applicable to Subproject 6(b) prior to this Change Order was 	$	457,540,120 	
	10. The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	11. The Provisional Sum Applicable to Subproject 6(b) will be increased by this Change Order	$	7,187,450 	
	12. The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	464,727,570 	

			
	

Adjustment to Contract Price
						
	13. The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14. The Contract Price prior to this Change Order was (add lines 3 and 9)	$	2,495,587,798 	
	15. The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11)	$	7,187,450 	
	16. The new Contract Price including this Change Order will be (add lines 14 and 15)	$	2,502,775,248 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)

The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A
															
					

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B
Adjustment to Design Basis for Subproject 6(b):  N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

									
	/s/ David Craft		/s/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane Mitchell
	Name		Name
	SVP E&C		Sr. Project Manager, PVP
	Title		Title
	June 24, 2022		June 16, 2022
	Date of Signing		Date of SigningDocument

 
 

June 1, 2022

Personal and Confidential

Jason Roswig

    Re:    Offer Letter

Dear Jason:

Subject to approval by the Skillz Board of Directors and its relevant committees, I am very pleased to provide you with a summary of the terms and conditions of your employment with Skillz Inc. (the “Company”).
1.Position.  Your initial position will be President and Chief Financial Officer and you will work remotely reporting directly to the Company’s Chief Executive Officer.  As you progress with the Company, your position and assignments are, of course, subject to change.  We are a dynamic organization with ever-changing needs, and we will work over the course of your employment to determine where your talents and abilities can be best utilized.  As our employee, we expect that you will devote your full working time to the performance of your duties to the Company, and that you will perform any and all duties and responsibilities normally associated with your position in a satisfactory manner and to the best of your abilities at all times.
2.Start Date/At-Will Nature of Relationship.  If you accept this offer, your employment with the Company will begin on a date mutually agreed by you and the Company (the actual date on which your employment begins, the “Commencement Date”).  No provision of this letter will be construed to create an express or implied employment contract, or a promise of employment for any specific period of time.  Your employment with the Company is at-will employment which may be terminated by you or the Company at any time for any reason with or without advance notice.
3.Compensation and Equity.
			
	Offer Details
	●Starting Salary: $500,000 per year, payable on the Company’s regular payroll dates.
●Annual Bonus: $500,000
●Signing Bonus: $200,000
●Time-Based Incentive Award: $15,000,000
●Performance-Based Incentive Award: $5,000,000

Signing Bonus.  You will also receive a one-time signing bonus in the amount of $200,000 (the “Signing Bonus”) less applicable withholding, which will be paid thirty (30) days following your Commencement Date with the Company, subject to your continuous employment with the Company from the Commencement Date through the date of payment and the repayment obligation described in the following sentence.  If you voluntarily leave the Company prior to completing 12 months’ work following the Commencement Date, you agree to repay the post-tax portion of the Signing Bonus within 30 days of your departure.  
Annual Bonus.  Your initial target annual incentive compensation opportunity with the Company will be $500,000, paid out on an annual basis if and to the extent that the Company 

						
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achieves established corporate goals and objectives approved by the Compensation Committee of the Skillz Board of Directors.  Target incentives do not constitute a promise of payment and the actual amount of your incentive compensation may be lower or higher than your target based on factors such as the Company’s overall performance, your individual job performance and your ability to meet your established goals and objectives. In order to be eligible for incentive compensation you must be employed by the Company on the last day of the fiscal year with respect to which the incentive applies and not voluntarily resign or be terminated by the Company for Cause (and not under a for Cause termination notice on or prior to the date when an incentive might have otherwise been payable.  Target incentive compensation may be pro-rated, depending on your Commencement Date.
Time-Based Incentive Award.  As soon as reasonably practicable following the Commencement Date, and subject to approval of the Company’s Compensation Committee, the Company will grant you a Restricted Stock Unit award equal to $15,000,000 of the Company’s Class A common stock, calculated based on the 90 day volume weighted average stock price of the Company’s Class A common stock ending on the last day of the quarter in which the Commencement Date falls (the “Equity Incentive Award”). The Equity Incentive Award will be subject to the Skillz Inc. 2020 Omnibus Incentive Plan (as it may be amended from time to time, the “2020 Plan”) and an award agreement setting forth the specific terms and conditions of the Equity Incentive Award. Twenty-five percent (25%) of the Incentive Award will cliff-vest on the first anniversary of your Commencement Date, and the remaining amount will vest in substantially equal quarterly installments over the following twelve (12) calendar quarters (such that the Incentive Award will be fully vested after four (4) years of service), in each case subject to your continuous service with the Company through each applicable vesting date and the additional terms and conditions of the 2020 Plan and the applicable award agreement.
Performance-Based Incentive Award.  As soon as reasonably practicable following following the Commencement Date, and subject to the approval of the Company’s Compensation Committee, the Company will grant you a Restricted Stock Unit award equal to $5,000,000 of the Company’s Class A common stock (the “Performance-Based Incentive Award”). The Performance-Based Incentive Award will be subject to your continuous service with the Company, the terms and conditions of the 2020 Plan, and the applicable award agreement setting forth the specific terms and conditions of the Performance-Based Incentive Award.
The Performance-Based Incentive Award shall vest over four (4) years according to the achievement of certain Company performance goals, as summarized below, and subject to your continued service with the Company.
Performance Goals; Performance Periods. The Performance-Based Incentive Award will be earned subject to the achievement of written quarterly or annual Company goals which are determined solely by the Compensation Committee, following consultation with you, with respect to each Performance Period (the “Performance Goals"). For purposes of this award, the “Performance Periods” are as follows: (A) the first Performance Period begins on July 1, 2022 and continues until December 31, 2022; (B) the second, third, and fourth Performance Periods will begin on January 1 of each successive calendar year and will continue until December 31 of each such calendar year; and (C) the fifth Performance Period will begin on January 1, 2026 and will continue through June 30, 2026 such that the total award amount earned shall vest on July 1, 2026.
Determination of Vesting; Forfeiture. Within approximately 45 days following the end of each Performance Period, the Compensation Committee shall determine and communicate to you whether and to what extent the Performance Goals have been achieved for such Performance Period. Up to twenty-five percent (25%) of the Performance-Based Incentive Award, will be eligible to vest with respect to each Performance Period, subject to the vesting terms below.  For the avoidance of doubt, for any Performance Periods that are less than a year in length, the portion of the award that will vest during such performance period shall be reduced pro-rata.
Notwithstanding the foregoing, (i) even if the Performance Goals for a Performance Period have been met, no shares subject to the Performance-Based Incentive Award shall vest unless you are continuously providing services to the Company through the last day of the applicable Performance Period.  Additionally, if your employment is terminated by the Company for Cause (as defined in the 2020 Plan), you voluntarily resign, or you breach any written restrictive covenant agreement with the Company (including, without limitation, the Confidential Information and Invention Assignment Agreement), in each case, between the end of the Performance Period and the date that the Compensation Committee 

						
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determines whether the goals for such Performance Period have been met, all or any portion of the Performance-Based Incentive Award for such Performance Period and any future Performance Periods will be forfeited and canceled; (ii) if the Performance Goals have been determined by the Compensation Committee not to have been fully achieved with respect to a Performance Period, any unearned shares that were subject to vesting in such Performance Period shall be canceled; and (iii) with respect to the first Performance Period, no shares will vest until the later of the date of the Compensation Committee’s determination that the Performance Goals have been achieved or the first anniversary of your Commencement Date (the one-year cliff).
As noted above, target incentives do not constitute a promise of payment and the actual amount of your incentive compensation may be lower or higher than your target based on factors such as the Company’s overall performance, your individual job performance and your ability and the ability of the Company to meet the Performance Goals and objectives. It is also not typical for target incentives to be paid in full, as goals and objectives for such compensation are intended to be highly ambitious; however, the Company wants to offer you an opportunity for additional compensation for meeting such special goals and objectives. To be eligible for any type of incentive compensation you must be employed by the Company and not under termination notice on or prior to the date when an incentive might have otherwise been payable. Target incentive compensation will be prorated, depending on your Commencement Date with the Company, if and to the extent the Company determines performance metrics are achieved.
4.Your Certifications to the Company.
As a condition of your employment, you certify to the Company that, other than as previously disclosed to the Company in writing, (a) you are free to enter into and fully perform the duties of your position and that you are not subject to any employment, confidentiality, non-competition or other agreement that would restrict your performance for the Company, and (b) your signing this letter of employment does not violate any order, judgment or injunction applicable to you, or conflict with or breach any agreement to which you are a party or by which you are bound.  If you are subject to any such agreement or order, please forward it to me, along with a copy of this letter.
Additionally, as a condition of your employment, you also certify that all facts you have presented to the Company are accurate and true. This includes, but is not limited to, all oral and written statements you have made (including those pertaining to your education, training, qualifications, licensing and prior work experience) on any job application, resume or c.v., or in any interview or discussion with the Company.
5.Confidential Information and Invention Assignment Agreement.  Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s standard Confidential Information and Invention Assignment Agreement.
6.Taxes, Withholding and Required Deductions.  All forms of compensation referred to in this letter are subject to all applicable taxes, withholding and any other deductions required by applicable law.
7.Background Verification.  Your employment with the Company is conditioned on a satisfactory Consumer Report and/or an Investigative Consumer Report, in compliance with local law.
8.Before You Start.  Your employment with the Company is conditioned on your providing legal proof of your identity and eligibility to work in the United States.  On your first day, you must complete an I-9 Form and provide us with any of the accepted forms of identification specified on the I-9 Form. 
9.Miscellaneous.
Governing Law.  The validity, interpretation, construction and performance of this letter, and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto will be governed, construed and interpreted in accordance with the laws of the state in which you work, without giving effect to principles of conflicts of law.
Arbitration.  You agree that any disputes, conflicts or claims relating to or regarding these compensation terms or other aspects of your compensation and/or employment with the 

						
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Company will be resolved by binding arbitration with the Judicial Arbitration and Mediation Service (JAMS) pursuant to the JAMS Employment Rules, which can be reviewed at https://www.jamsadr.com/rules-employement-arbitration/.  You and the Company waive any rights to a jury trial with respect to those disputes.  You and the Company further agree that such claims be resolved on an individual basis only, not on a class, collective, representative, or private attorney general act representative basis on behalf of other employees (“Class Waiver”), to the fullest extent permitted by applicable law.  Any claim that all or part of the Class Waiver is invalid, enforceable, unconscionable, void or voidable may be determined only by a court. In no case may class, collective or representative claims proceed in arbitration.  
You on the one hand, and the Company on the other, waive any rights to a jury trial or a bench trial in connection with the resolution of any claim under this agreement (although both parties may seek interim emergency relief from a court to prevent irreparable harm to their confidential information or trade secrets pending the conclusion of any arbitration).  This agreement will be construed and interpreted in accordance with the laws of the state in which you work and the Federal Arbitration Act (“FAA”).  In the case of a conflict, the FAA will control. Claims will be governed by applicable statutes of limitations.  Except as to the Class Waiver, the arbitrator, and not a court, will determine whether the arbitration agreement applies to a dispute, controversy, or claim.  In the event that any portion of this arbitration clause is deemed illegal or unenforceable, such provision will be severed and the remainder of this clause will be given full force and effect.  Arbitration is not a mandatory condition of your employment. If you wish to opt out of this arbitration clause, you must notify the Company in writing by sending an email to hr@skillz.com stating your intent to opt out within 30 days of signing this offer letter.
Entire Agreement.  This letter sets forth the entire agreement and understanding of the parties relating to the subject matter herein and supersedes all prior or contemporaneous discussions, understandings and agreements, whether oral or written, between them relating to the subject matter hereof.
Counterparts.  This letter may be executed in any number of counterparts, each of which when so executed and delivered will be deemed an original, and all of which together will constitute one and the same agreement.  Execution of a facsimile copy will have the same force and effect as execution of an original, and a facsimile signature will be deemed an original and valid signature.
Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents or notices related to this agreement, securities of the Company or any of its affiliates or any other matter, including documents and/or notices required to be delivered to you by applicable securities law or any other law or the Company’s Certificate of Incorporation or Bylaws by email or any other electronic means.  You hereby consent to: (i) conduct business electronically, (ii) receive such documents and notices by such electronic delivery, and (iii) sign documents electronically and agree to participate through an on-line or electronic system established and maintained by the Company or a third-party designated by the Company.
You may accept this offer of employment and the terms and conditions hereof by signing and dating this letter.  This offer will expire on June 2, 2022 at 5:00pm PT, unless accepted by you prior to such date by directing the signed offer letter to me.
[signatures on following page]

						
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We are pleased to offer you the opportunity to join Skillz Inc. and we look forward to having you aboard.  We are confident that you will make an important contribution to our unique and exciting enterprise.

Sincerely,
SKILLZ INC.
/s/ Andrew Paradise

Andrew Paradise
Chief Executive Officer

ACCEPTED AND AGREED:

/s/[candidateSignerSignature_vvT6d0U] 
/s/ Jason Roswi
Jason Roswig
[candidateSignerDateField_cBHaVOn]

						
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