Exhibit 5.3





April 29, 2020


Board of Directors

Tellurian Inc.

1201 Louisiana Street, Suite 3100

Houston, Texas 77002


Ladies and Gentlemen:


We have acted as counsel to Tellurian Inc., a Delaware corporation (the “Company”), with respect to certain legal matters in connection with the registration by the Company under the Securities Act of 1933, as amended (the “Securities Act”), of the proposed offer and sale by the selling stockholder (the “Selling Stockholder”) named in the Prospectus Supplement (as defined below) of 14,023,059 shares of common stock, par value $0.01 per share, of the Company (“Common Stock”), consisting of (i) 9,348,706 shares of Common Stock (the “Shares”) issued in connection with the execution of that certain Third Amendment to Credit and Guaranty Agreement dated April 28, 2020, by and among Driftwood Holdings LP (formerly known as Driftwood Holdings LLC), a Delaware limited partnership and an indirect wholly owned subsidiary of the Company, as the borrower, the guarantors party thereto, Wilmington Trust, National Association, as the administrative agent, Wilmington Trust, National Association, as the collateral agent, and the lenders from time to time party thereto (the “Credit Agreement Amendment”) and (ii) up to 4,674,353 shares of Common Stock (the “Warrant Shares”) that are issuable upon the exercise of a warrant to purchase common stock dated April 29, 2020, held by the Selling Stockholder (the “Warrant”).


In connection with the rendering of the opinion hereinafter set forth, we have examined (i) copies of the organizational documents of the Company; (ii) resolutions of the Board of Directors of the Company relating to the issuance of the Shares, the Warrant, and the Warrant Shares; (iii) the Credit Agreement Amendment; (iv) the Warrant; (v) the Registration Statement on Form S-3ASR (Registration No. 333-235793) (the “Registration Statement”), as amended by Post-Effective Amendment No. 1 to the Registration Statement (the “Post-Effective Amendment”); (vi) the prospectus included in the Post-Effective Amendment dated April 28, 2020; (vii) the resale prospectus supplement to said prospectus dated April 29, 2020, as filed with the Securities and Exchange Commission (the “Commission”) pursuant to Rule 424(b)(7) promulgated under the Securities Act (the “Prospectus Supplement”); and (viii) certificates of certain public officials, and other instruments and documents as we deemed necessary or advisable for the purposes of this opinion letter. In addition, we reviewed such questions of law as we considered appropriate.







Tellurian Inc.

April 29, 2020

Page 2


As to various questions of fact material to the opinions expressed below, we have, without independent third-party verification of their accuracy, relied to the extent we deemed reasonably necessary or appropriate upon the representations and warranties of the Company contained in such documents, records, certificates, instruments or representations furnished or made available to us by the Company.


In making the foregoing examination, we have assumed that (i) all information submitted to us is accurate and complete; (ii) all signatures on all documents examined by us are genuine; (iii) all documents submitted to us as originals are authentic and all documents submitted to us as copies conform to the originals of those documents; and (iv) all agreements or instruments we have examined are the valid, binding and enforceable obligations of the parties thereto. In addition, we assume for purposes of this opinion that, when any Warrant Shares are required to be issued pursuant to the terms of the Warrant, the number of such shares will not exceed the number then permitted to be issued under the Company’s certificate of incorporation, as amended.


Based on the foregoing, and subject to the assumptions, qualifications, limitations and exceptions set forth herein, we are of the opinion that:


1.                  The Shares have been duly authorized and are validly issued, fully paid and non-assessable.


2.                  The Warrant Shares have been duly authorized and, upon issuance on due exercise of the Warrant in accordance with the terms of the Warrant, including receipt by the Company of the full exercise price as consideration for the issue of each such Warrant Share, will be validly issued, fully paid and non-assessable.


The foregoing opinions are limited to the Delaware General Corporation Law (including the applicable provisions of the Delaware Constitution and the reported judicial decisions interpreting these laws) and the federal laws of the United States of America. We are expressing no opinion as to the effect of the laws of any other jurisdiction, domestic or foreign.


This opinion letter is given as of the date hereof, and we have no obligation to update this opinion letter to take into account any change in applicable law or facts that may occur after the date hereof. We hereby consent to the filing of this opinion letter as an exhibit to the Company’s Current Report on Form 8-K filed with the Commission on the date hereof and to the use of our name in the Prospectus Supplement under the caption “Legal Matters.” In giving this consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act and the rules and regulations thereunder.


Very truly yours,
  /s/ Davis Graham & Stubbs LLP