On July 27, 2022, New Fortress Energy Inc. (NFE), acting as Borrower, and certain subsidiaries of NFE, acting as Guarantors, entered into an Amendment and Restatement to the Uncommitted Letter of Credit and Reimbursement Agreement (LC Facility, and as amended and restated, the A&R LC Facility), dated as of July 16, 2021, with Natixis, New York Branch, as the Sole Lead Arranger and Documentation Agent, Natixis, New York Branch, as the ULCA Collateral Agent, Natixis, New York Branch, as the Administrative Agent, and Natixis, New York Branch and certain other financial institutions as Lenders and Issuing Banks for the provision of certain letters of credit to the Borrower and its subsidiaries. The A&R LC Facility was increased to an initial amount of $250,000,000, as may be increased by an additional principal amount of up to $100,000,000, subject to satisfaction of certain conditions. The A&R LC Facility provides for the issuance of letters of credit by the Lenders and Issuing Banks.

The A&R LC Facility has a term of one year and will mature in 2023, with the potential for the Borrower to extend the maturity date. The letters of credit and the proceeds thereof will be used to support or make payment on account of any default by the Borrower or any subsidiary account party in the performance of a commercial obligation under a non-financial agreement or arrangement relating to the performance of services, delivery of goods, or advance payment, or retention or warranty obligations, in each case in connection with business activities in the ordinary course of business of Borrower or such subsidiary, in each case, subject to applicable law and the terms of the A&R LC Facility. The obligations under the A&R LC Facility are guaranteed, jointly and severally, subject to certain exceptions and thresholds, by each domestic subsidiary and foreign subsidiary that is a wholly-owned restricted subsidiary of the Borrower, other than (as defined in the A&R LC Facility) (i) any Qualified Liquefaction Development Entities, (ii) any Receivables Subsidiaries, (iii) any Immaterial Subsidiaries, (iv) any Captive Insurance Subsidiaries, (v) any not-for-profit or special purpose Subsidiaries and (vi) any Subsidiary with respect to which a guarantee would result in material adverse tax consequences, as reasonably determined by the Borrower.

The obligations of the Borrower and the guarantors are senior secured obligations of the Borrower and the guarantors, secured on a first-priority basis by liens on the collateral, subject to permitted liens and certain other exceptions. The security interest of the secured parties under the A&R LC Facility in the collateral ranks pari passu with the security interest of the holders of the company's existing 6.750% Senior Secured Notes due 2025, the Company's existing 6.50% Senior Secured Notes due 2026, and the company's Revolving Credit Facility, and an equal priority intercreditor agreement governs the treatment of such collateral.