EXHIBIT 10.13
CHENIERE ENERGY, INC.
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_______________, 1997
[Investor Addressee]
Dear [Investor]:
This letter will confirm the following understanding, with regard to
your purchase of __________ shares of common stock (the "Shares") of Cheniere
Energy, Inc. the ("Company").
In the event that during the 270 day period following the date of your
purchase of the Shares the Company offers and sells any shares of its common
stock for a gross sales price of less than $4.25 per share, then the Company
will issue to you an additional number of shares to reflect the lowest gross
sales price at which the Company's common shares were offered and sold during
the 270 day period (the "Lowest Price per Share"). The additional number of
shares to be issued shall be calculated by first dividing (x) the aggregate
gross purchase price that you have paid for the Shares by (y) the Lowest Price
per Share to indicate (z) the total number of shares that you will have been
issued after receiving the additional shares to be issued pursuant to this
letter. The additional number of shares to be issued shall be equal to the
difference of (z) minus the number of the Shares originally issued to you.
For purposes of determining the Lowest Price per Share, stock issued
pursuant to stock options granted or common stock purchase warrants issued prior
to your purchase of the Shares shall be disregarded.
Sincerely,
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President and CEO
