CHENIERE ENERGY, INC. AMENDMENT TO NON-QUALIFIED STOCK OPTION GRANT

EXHIBIT 10.7

CHENIERE ENERGY, INC.

AMENDMENT TO NON-QUALIFIED STOCK OPTION GRANT

This Amendment is made and entered into effective as of                      , 2008, by and between Cheniere Energy, Inc. (the “ Company ”) and                                          (the “ Optionee ”).

WHEREAS , the Optionee was previously granted a non-qualified stock option by the Company subject to the terms and conditions of the Cheniere Energy, Inc. Amended and Restated 2003 Stock Incentive Plan, as amended (the “ Plan ”), and pursuant to the Non-Qualified Stock Option Grant dated                      , 200      , (the “ Agreement ”), by and between the Company and the Optionee;

WHEREAS, the Company and the Optionee desire to amend the Agreement to extend the Option Period for an additional five (5) years as permitted by the Plan;

WHEREAS, Section 1.409A-1(b)(5)(v)(C) of the Final Section 409A Regulations permit the extension of the exercise period of an option where, at the time of the extension, the fair market value of the underlying stock is less th