LNG Standardised Term Sheets

The party that placed the order; its counterparty is [ ].

[ DES ] as stated on the order.

1

The Load Port shall be [ ].

Seller shall have the option to nominate a substitute Loading Port by no later than 30 days prior to the first day of the Initial Delivery Window for the LNG cargo, subject to the LNG cargo meeting the Specifications at the Delivery Point.

The LNG delivered under this Transaction shall not be taken, supplied, or sourced directly or indirectly from Russia. LNG originating from Russia shall not be reloaded for delivery under this Transaction.

Notwithstanding anything to the contrary in this Confirmation Notice or Master Agreement, Seller shall not nominate a Loading Port (whether or not named in this Confirmation Notice) or substitute Loading Port where such Loading Port or substitute Loading Port is (or Seller's Facilities at such Loading Port or at such substitute Loading Port are) at the time of nomination or substitution affected by Force Majeure events as defined in the Master Agreement.

The Discharge Port shall be [ ].

Buyer shall have the option to substitute the Discharge Port with a substitute Discharge Port located in Japan, South Korea, Taiwan or People's Republic of China by no later than 30 days prior to the first day of the Initial Delivery Window for the LNG cargo, subject to successful ship-shore compatibility studies ("SSCS") between the LNG Ship and such substitute Discharge Port.

Buyer shall have the option to substitute the Discharge Port with a substitute Discharge Port located within the same country as the Discharge Port by no later than 15 days prior to the 1 Day Delivery Window for the LNG cargo, subject to successful SSCS between the LNG Ship and such substitute Discharge Port.

Notwithstanding anything to the contrary in the Confirmation Notice or Master Agreement, Buyer shall not nominate a Discharge Port (whether or not named in the Confirmation Notice) or substitute Discharge Port where such Discharge Port or substitute Discharge Port is (or Buyer's Facilities at such Discharge Port or at such substitute Discharge Port are) at the time of nomination or substitution affected by Force Majeure events as defined in the Master Agreement.

Contract Quantity: [ cargo size ].

The Operational Tolerance shall be [ party ]: [ +/- % ].

The Initial Delivery Window shall be [ date range ].

No later than 30 Days prior to first day of the Initial Delivery Window, Buyer shall declare a 1 Day Delivery Window falling within the Initial Delivery Window.

Base LNG Ship shall be Nominated at the Point of Trade.

The cargo tank capacity of the LNG Ship and any Substitute LNG Ship shall be no less than 135,000 cubic meters and no more than 175,000 cubic meters.

Seller shall have the option to substitute the LNG Ship with a Substitute LNG Ship by no later than 30 days prior to the first day of the Initial Delivery Window, subject to successful SSCS between the Substitute LNG Ship and the Discharge Port.

Seller shall not nominate an LNG Ship or a Substitute LNG Ship (whether or not named in this Confirmation Notice) where such LNG Ship or Substitute LNG Ship is, at the time of nomination or substitution, affected by Force Majeure events as defined in the Master Agreement.

Such substitute LNG Ship shall not have any Russian Nexus. For the purposes of this clause, Russian Nexus shall mean an LNG Ship that is:

1. Russian flagged; or
2. registered in Russia; or
3. owned, controlled, chartered or operated by any Russian entity or Russian national.

[ price ] as entered on the order.

The rate of demurrage, per Day and pro-rated for part Day, shall be the rate published under the heading Asia Pacific 'Shipping Rate' (based on the LNG Ship type) in Platts LNG Daily of the 1-Day Delivery Window. If the Asia Pacific day rate is not published in respect of such day, then the last published Asia Pacific day rate immediately prior to such day shall apply.

"Platts Business Day" means a business day for the purposes of the Platts Methodology and Specifications Guide.

The deemed boil-off rate for determining excess boil-off shall be 0.15% of the Contract Quantity per Day and pro rata for part of a Day.

36 consecutive hours, or 48 hours for FSRU.

The LNG delivered at the Delivery Point, when converted into a gaseous state, shall comply with the following Specifications:

As per Terminal Rules at Discharge Port, or otherwise as per MSA.

As agreed between the Parties.

Risk and title to the LNG cargo shall transfer from Seller to Buyer at the Delivery Point.

As per agreed in the amendment of MSA.

Per existing MSA.

[ ]

The party that placed the order; its counterparty is [ ].

[ DES ] as stated on the order.

The Loading Port and Seller's Facilities shall be [ ].

No later than 20 days prior to the start of the 1-DDW, Seller shall have the right to substitute the Loading Port, subject to the LNG cargo meeting the specifications at the then nominated Discharge Port and the substitute loading port not being, at the time of its nomination, affected by Force Majeure or reasonably likely to become affected by Force Majeure at the time of loading which will prevent or delay the delivery of the LNG Cargo.

Ports in the Russian Federation or any country under UK, EU or US sanctions shall not be permitted. The LNG delivered under this transaction shall not be taken, supplied, or sourced directly or indirectly from Russia. LNG originating from Russia shall not be reloaded for delivery under this transaction.

Seller may further substitute the Loading Port after the above deadline, subject to the above provisions being met and Buyer's consent, not to be unreasonably delayed or withheld.

The Base Discharge Port and Buyer's Facilities: No later than thirty (30) days prior to the start of the 3-DDW of a Cargo, Buyer shall have the right to nominate a Base Discharge Port from the following list:

Standard

1. United Kingdom: Isle of Grain, Dragon, South Hook
2. The Netherlands: Gate, Eemshaven
3. Belgium: Zeebrugge
4. Germany: Wilhemshaven, Brunsbüttel
5. France: Dunkirk, Montoir
6. Spain: Bilbao, El Musel, Mugardos

Standard Plus — the Standard list, extended

1. United Kingdom: Isle of Grain, Dragon, South Hook
2. The Netherlands: Gate, Eemshaven
3. Belgium: Zeebrugge
4. Germany: Wilhemshaven, Brunsbüttel, Lubmin, Mukran
5. France: Dunkirk, Montoir, Fos Cavaou, Fos Tonkin
6. Spain: Bilbao, El Musel, Mugardos, Huelva, Cartagena, Sagunto, Barcelona
7. Portugal: Sines
8. Poland: Świnoujście LNG Terminal

Alternative Discharge Port: No later than fifteen (15) days prior to the start of the 1-DDW of a Cargo, Buyer shall have the right to nominate an Alternative Discharge Port from the above list. Any Alternative Discharge Port nomination shall be subject to:

1. the substitute discharge port not being, at the time of its nomination, affected by Force Majeure or reasonably likely to become affected by Force Majeure; and
2. the LNG Ship, if nominated, being confirmed compatible and accepted by the operator of the Buyer's receiving facilities of the substitute discharge port.

The Alternative Discharge Port nominated in accordance with the provisions of i) and ii) above shall become the Discharge Port. Buyer may further substitute the Discharge Port after the above deadline, subject to the provisions of i) and ii) and Seller's consent, not to be unreasonably withheld or delayed.

Seller shall bear and pay all Port Costs incurred at the Discharge Port, subject to a cap of USD 300,000 per Cargo.

The Cargo Quantity shall be [ cargo size ] and shall be nominated by the Seller no later than 5pm UK, the day prior to the last UK business day of the month prior to the first day of the 3-DDW, the Nominated Cargo Quantity.

The Nominated Contract Quantity is subject to an operational tolerance of up to plus or minus five percent (5%) of the Nominal Quantity without giving rise to liability for the Parties.

The 3-Day Delivery Window shall be [ date range ].

By no later than 30 days prior to the start of the 3-DDW, Buyer shall nominate a single day within the 3-DDW (the "1-DDW").

Any later nomination shall be subject to Seller's consent.

No later than 20 days prior to the start of the 3-DDW, Seller shall nominate an LNG Ship to deliver such LNG Cargo which shall:

1. Be 138,000-188,000m³;
2. Be compatible with the nominated discharge port and Buyer's Receiving Facilities; and
3. Not be, at the time of nomination, affected by an event of Force Majeure or reasonably expected to be affected by an event of Force Majeure.

Any later nomination shall be subject to Buyer's consent, not to be unreasonably delayed or withheld.

Notwithstanding the above, the Seller shall not nominate or employ any LNG Ship which is or becomes subject to Sanctions or whose Transporter, charterer or ship/technical manager (including any Person with equitable or beneficial interest with respect to or in control of (directly or indirectly) the Transporter, charterer or ship/technical manager) must not be a Restricted Person.

The Contract Price for each Cargo, expressed in USD per MMBtu of LNG, shall be determined in accordance with the following formula:

P = TTF x 0.293071 x FX – [ differential ] USD/MMBtu

where:

• TTF means the arithmetic average of the settlement prices of the ICE Dutch Title Transfer Facility Gas Futures contract for month M, as expressed in EUR/MWh and published by ICE on its website, for each day (when such price is published) where M is the front month contract;
• M means the calendar month in which the first day of the 3-DDW falls; and
• FX means the USD per EUR daily reference rate published by the European Central Bank for the first day of the 3-DDW, or if no such rate is published for that day, the most recent day prior to that day for which such rate is published.

36 hours.

Unless otherwise agreed between the parties.

The rate of demurrage per day and pro rata shall be the last published rate under the heading Atlantic 'Shipping Rate' in Platts LNG Daily the day of the 1-DDW. If the Atlantic day rate is not published in respect of such day, then the last published Atlantic day rate immediately prior to such day shall apply.

The excess boil-off rate is 0.10% per day pro rata.

The LNG when delivered by Seller to Buyer shall comply, in a gaseous state as tested at the Discharge Port, with the following conditions:

The procedures for measurement, sampling, testing and determining the quantity and the quality of the LNG delivered shall be those specified in the relevant rules of the nominated discharge port.

As agreed between the parties.

As per current MSPA between the parties or, if there is not an MSPA in place between the parties, the parties will negotiate one to be concluded no later than 10 business days after agreeing in principle to the trade on the terms of this TS, or any later date mutually agreed upon.

Indicative and not binding.