Common use of Ownership of the Sponsor Units and the Incentive Distribution Rights Clause in Contracts

Ownership of the Sponsor Units and the Incentive Distribution Rights. Höegh LNG owns (i) 15,257,498 Common Units (the “Sponsor Units”), and (ii) 100% of the Incentive Distribution Rights (as such term is defined in the Second Amended and Restated Agreement of Limited Partnership of Höegh LNG Partners LP, dated October 5, 2017 (the “Partnership Agreement”)). All of the Sponsor Units and the Incentive Distribution Rights, and the limited partner interests represented thereby, have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 30, 41, 51 and 60 of the Republic of the Xxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Islands LP Act”) and except as may otherwise be provided in the Partnership Agreement); and Höegh LNG owns the Sponsor Units and the Incentive Distribution Rights free and clear of all Liens, except for restrictions on transferability contained in the Partnership Agreement.

Ownership of the Sponsor Units and the Incentive Distribution Rights. Höegh LNG owns (i) 15,257,498 2,116,060 Common Units and 13,156,060 subordinated units representing limited partner interests (the “Subordinated Units”) (all such Common Units and Subordinated Units being collectively referred to herein as “Sponsor Units”), and (ii) 100% of the Incentive Distribution Rights (as such term is defined in the Second Amended and Restated Agreement of Limited Partnership of Höegh LNG Partners LP, dated October 5, 2017 (the “Partnership Agreement”)). All of the Sponsor Units and the Incentive Distribution Rights, and the limited partner interests represented thereby, have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 30, 41, 51 and 60 of the Republic of the Xxxxxxxx Mxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Mxxxxxxx Islands LP Act”) and except as may otherwise be provided in the Partnership Agreement); and Höegh LNG owns the Sponsor Units and the Incentive Distribution Rights free and clear of all Liens, except for restrictions on transferability contained in the Partnership Agreement.

Ownership of the Sponsor Units and the Incentive Distribution Rights. At the Closing Date, after giving effect to the Transactions and assuming no exercise of the option provided in Section 2(b), Höegh LNG owns will own (i) 15,257,498 [—] Common Units and [—] Subordinated Units (the all such Common Units and Subordinated Units being collectively referred to herein as “Sponsor Units”), and (ii) 100% of the Incentive Distribution Rights (as such term is defined in the Second Amended and Restated Agreement of Limited Partnership of Höegh LNG Partners LP, dated October 5, 2017 (the “Partnership Agreement”))Rights. All of the Sponsor Units and the Incentive Distribution Rights, and the limited partner interests represented thereby, will have been duly authorized for issuance and sale and, when issued and delivered by the Partnership against payment therefor, will be validly issued in accordance with the Partnership Agreement and are will be fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 30, 41, 51 and 60 of the Republic of the The Xxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Islands LP Act”) and except as may otherwise be provided in the Partnership Agreement); and Höegh LNG owns will own the Sponsor Units and the Incentive Distribution Rights free and clear of all Liens, except for restrictions on transferability contained in the Partnership Agreement.

Ownership of the Sponsor Units and the Incentive Distribution Rights. Höegh LNG owns (i) 15,257,498 2,116,060 Common Units and 13,156,060 subordinated units representing limited partner interests (the “Subordinated Units”) (all such Common Units and Subordinated Units being collectively referred to herein as “Sponsor Units”), and (ii) 100% of the Incentive Distribution Rights (as such term is defined in the Second Amended and Restated Agreement of Limited Partnership of Höegh LNG Partners LP, dated October 5, 2017 (the “Partnership Agreement”)). All of the Sponsor Units and the Incentive Distribution Rights, and the limited partner interests represented thereby, have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 30, 41, 51 and 60 of the Republic of the Xxxxxxxx Mxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Mxxxxxxx Islands LP Act”) and except as may otherwise be provided in the Partnership Agreement); and Höegh LNG owns the Sponsor Units and the Incentive Distribution Rights free and clear of all Liens, except for restrictions on transferability contained in the Partnership Agreement.

Ownership of the Sponsor Units and the Incentive Distribution Rights. Höegh LNG owns (i) 15,257,498 2,116,060 common units representing limited partner interests of the Partnership (“Common Units”) and 13,156,060 subordinated units representing limited partner interests (“Subordinated Units”) (all such Common Units (the and Subordinated Units being collectively referred to herein as “Sponsor Units”), and (ii) 100% of the Incentive Distribution Rights (as such term is defined in the Second Amended and Restated Agreement of Limited Partnership of Höegh LNG Partners LP, dated October 5, 2017 (the “Partnership Agreement”)). All of the Sponsor Units and the Incentive Distribution Rights, and the limited partner interests represented thereby, have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 30, 41, 51 and 60 of the Republic of the Xxxxxxxx Mxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Mxxxxxxx Islands LP Act”) and except as may otherwise be provided in the Partnership Agreement); and Höegh LNG owns the Sponsor Units and the Incentive Distribution Rights free and clear of all Liens, except for restrictions on transferability contained in the Partnership Agreement.