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 fourth liquefaction train, Sabine Liquefaction will sell and make available for delivery, and GAIL will take and pay for, cargoes of liquefied natural gas (“LNG”) with an annual contract quantity of 182,500,000 MMBtu (equivalent to approximately 3.5 million tonnes per annum (“mtpa”)).

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Commencing on the date the second liquefaction train becomes commercially operable and ending on the earlier of (i) the date of first commercial delivery of LNG from the fourth liquefaction train or (ii) 180 days after the date designated for first commercial delivery of LNG from the fourth liquefaction train, Sabine Liquefaction will sell and make available for delivery, and GAIL will take and pay for, cargoes of LNG with an annual contract quantity of 10,400,000 MMBtu (equivalent to approximately 0.2 mtpa).

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GAIL will pay Sabine Liquefaction a contract sales price for each MMBtu of LNG delivered under the SPA. The contract sales price will be equal to $3.00 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. 15% of the fixed portion of the contract sales price will be subject to annual adjustment for inflation.

•	The LNG delivery, payment and related provisions of the SPA for the annual contract quantity of 182,500,000 MMBtu will have a 20-year term, commencing on the date of first commercial delivery of LNG from the fourth liquefaction train. GAIL will have the right to extend the 20-year term for an additional period of up to 10 years.

•	The obligations of Sabine Liquefaction to proceed with the liquefaction project under the

•	SPA will become effective when the following conditions have been satisfied or waived:

◦	Sabine Liquefaction has received all regulatory approvals required for construction and operation of its fourth liquefaction train and related facilities in Cameron Parish, Louisiana;

◦	Sabine Liquefaction has secured the necessary financing arrangements to construct and operate its fourth liquefaction train and related facilities;

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

◦	Sabine Liquefaction has in effect certain other agreements facilitating the actions contemplated by the SPA; and

◦	specified regulatory authorizations are in effect permitting Sabine Liquefaction to export LNG from the United States.

•	Sabine Liquefaction will designate the date for the first commercial delivery of LNG from the

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