o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Commencing on the date of first commercial delivery of LNG from the second liquefaction train at the CCLNG facility (as determined in accordance with the SPA), CCLNG will sell and make available for delivery, and IBE will take and pay for, cargoes of liquefied natural gas (“LNG”) with an annual contract quantity of 39,680,000 MMBtu (equivalent to approximately 0.76 million tonnes per annum (“mtpa”)).

•	CCLNG will provide IBE with bridging volumes of 19,840,000 MMBtu per contract year, starting on the date on which the first liquefaction train at the CCLNG facility becomes commercially operable, as notified by CCLNG to IBE, and ending on the earlier of (i) the date of the first commercial delivery of LNG from the second liquefaction train, or (ii) the date of termination of the SPA.

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IBE will pay CCLNG a contract sales price for each MMBtu of LNG delivered under the SPA. The contract sales price will be equal to $3.50 plus 115% of the final settlement price for the New York Mercantile Exchange Henry Hub natural gas futures contract for the month in which the relevant cargo is scheduled. 14% of the fixed portion of the contract sales price will be subject to an annual adjustment for inflation.

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IBE will have the right to suspend delivery of any or all cargoes of LNG scheduled in a month by a timely advance notice, in which case IBE will continue to be obligated to pay the fixed portion of the contract sales price with respect to the quantity of LNG suspended but will forfeit its right to receive the suspended quantity. IBE will have the right to resume delivery of cargoes of LNG by a timely advance notice.

•	The SPA will have a 20-year term, commencing on the date of first commercial delivery of LNG from the second liquefaction train (as determined in accordance with the SPA). IBE will have the right to extend the 20-year term for an additional period of up to 10 years.

•	The obligations of CCLNG to proceed with the second liquefaction train under the SPA will become effective when the following conditions have been satisfied or waived:

◦	CCLNG has received all regulatory approvals required for construction and operation of the second liquefaction train and related facilities in San Patricio and Nueces counties, Texas;

◦	CCLNG has secured the necessary financing arrangements to construct and operate its second liquefaction train and related facilities;

◦	CCLNG has taken a positive final investment decision to proceed with construction of its second liquefaction train and related facilities;

◦	specified regulatory authorizations are in effect permitting CCLNG or an affiliate to export LNG from the United States; and

◦	CCLNG has issued an unconditional notice to proceed with the construction of the second liquefaction train.

•	CCLNG will designate the date for the first commercial delivery of LNG from the second liquefaction train within the 180-day period commencing 59 months after the date the preceding conditions have been satisfied or waived.

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