SEC Contract Filing

Filing Date: 2023-08-14

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_555758.htm
<DESCRIPTION>EXHIBIT 10.1
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: right;"><b>Exhibit 10.1</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">CERTAIN INFORMATION OF THIS DOCUMENT HAS BEEN REDACTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II)&nbsp; IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK &#8220;[***].&#8221;</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SECOND AMENDMENT TO THE AMENDED AND RESTATED FIXED PRICE TURNKEY AGREEMENT FOR THE ENGINEERING, PROCUREMENT AND CONSTRUCTION OF TRAINS 1 AND 2 OF THE RIO GRANDE NATURAL GAS LIQUEFACTION FACILITY</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">This Second Amendment to the Amended and Restated Fixed Price Turnkey Agreement for the Engineering, Procurement and Construction of Trains 1 and 2 of the Rio Grande Natural Gas Liquefaction Facility (this &#8220;<b><i>Amendment</i></b>&#8221;) is made and executed as of the 18th day of May, 2023 (the &#8220;<b><i>Amendment Effective Date</i></b>&#8221;) by and between Rio Grande LNG, LLC, a limited liability company organized under the laws of Texas (&#8220;<b><i>Owner</i></b>&#8221;), and Bechtel Energy Inc. a corporation organized under the laws of Delaware (&#8220;<b><i>Contractor</i></b>&#8221;) each sometimes referred to individually herein as a &#8220;<b><i>Party</i></b>&#8221; and collectively as the &#8220;<b><i>Parties</i></b>.&#8221;</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>RECITALS</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Whereas</b>, Owner and Contractor entered into that certain Amended and Restated Fixed Price Turnkey Agreement for the Engineering, Procurement and Construction of Trains 1 and 2 of the Rio Grande Natural Gas Liquefaction Facility dated September 14, 2022, as amended on March 15, 2023 (the &#8220;<b><i>Agreement</i></b>&#8221;).</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Whereas</b>, Owner and Contractor wish to amend certain provisions of the Agreement on the terms set forth herein, with the understanding that subsequent Amendments and/or Change Orders will be required to address, <i>inter alia</i>, changes to the Provisional Sums set forth in Attachment JJ (Provisional Sums), adjustments to the Contract Price for fluctuations in the pricing of certain agreed upon commodities as set forth in Attachment KK (Commodity Price Rise and Fall), the High Value Order true-up in accordance with Attachment LL (High Value Orders True Up) which includes the impacts of Change Order No. EC00062/SC00058 (executed April 22, 2023), and the execution of Change Orders related to Change Orders listed in Attachment A, Schedule A-3 (associated Contract Price increase (through July 15, 2023): ~$[***]) and the addition of the second jetty (an Additional Work Option) (associated Contract Price increase (through July 15, 2023): ~$[***]).</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>AMENDMENT</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Now, Therefore</b>, in consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:</p>

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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">1.</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Capitalized terms used but not defined in this Amendment shall have the meaning set forth in the Agreement.</p>
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