# EDGAR Filing Document

**Accession Number:** 0001664703
**File Stem:** 0001213900-23-019942
**Filing Date:** 2023-3
**Character Count:** 127232
**Document Hash:** f341d0e14b115a2b504732d6848a3de6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-019942.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001213900-23-019942

**CONFORMED SUBMISSION TYPE**: SC 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**GROUP MEMBERS**: BLOOMING GREEN ENERGY LTD

**GROUP MEMBERS**: ECONOVATION, LLC

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bloom Energy Corp
- **CENTRAL INDEX KEY:** 0001664703
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRICAL INDUSTRIAL APPARATUS [3620]
- **IRS NUMBER:** 770565408
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90586
- **FILM NUMBER:** 23731203

**BUSINESS ADDRESS:**
- **STREET 1:** 4353 NORTH FIRST STREET
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134
- **BUSINESS PHONE:** 408-543-1500

**MAIL ADDRESS:**
- **STREET 1:** 4353 NORTH FIRST STREET
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SK ecoplant Co., Ltd.
- **CENTRAL INDEX KEY:** 0001944449
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 19 YULGOK-RO 2-GIL
- **STREET 2:** JONGNO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 03149
- **BUSINESS PHONE:** 02-3700-7114

**MAIL ADDRESS:**
- **STREET 1:** 19 YULGOK-RO 2-GIL
- **STREET 2:** JONGNO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 03149

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**SCHEDULE 13D/A**

<br> Under the Securities Exchange Act of 1934<br> (Amendment No. 2)<br>

---

| |
|:---|
| **Bloom Energy Corporation** |
| (Name of Issuer) |

---

---

| |
|:---|
| **Class A Common Stock, par value $0.0001 per share** |
| (Title of Class of Securities) |

---

---

| |
|:---|
| **093712107** |
| (CUSIP Number) |

---

---

| |
|:---|
| **Seongju Lim, SK ecoplant Co, Ltd. 19 Yulgok-ro 2-gil, Jongno-gu, Seoul 03149, +82-2-3700-9201** |
| (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
| **March 9, 2023** |
| (Date of Event which Requires Filing of this Statement) |

---

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D/A, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent.

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

**SCHEDULE 13D/A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**CUSIP No.** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**093712107** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;NAMES OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;SK ecoplant Co., Ltd. |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(a) ☒<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;**3** |  |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;SOURCE OF FUNDS (See Instructions) |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WC, BK |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;☒ |
| &nbsp;&nbsp;**6** | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION |
| &nbsp;&nbsp;**6** | &nbsp;&nbsp;The Republic of Korea |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**7** | &nbsp;&nbsp;SOLE VOTING POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**7** | &nbsp;&nbsp;10,000,000 shares of Class A Common Stock<sup>1</sup> |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**8** | &nbsp;&nbsp;SHARED VOTING POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**8** | &nbsp;&nbsp;13,491,701 shares of Class A Common Stock<sup>1,2</sup> |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**9** | &nbsp;&nbsp;SOLE DISPOSITIVE POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**9** | &nbsp;&nbsp;10,000,000 shares of Class A Common Stock<sup>1</sup> |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**10** | &nbsp;&nbsp;SHARED DISPOSITIVE POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**10** | &nbsp;&nbsp;13,491,701 shares of Class A Common Stock<sup>1,2</sup> |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;23,491,701 shares of Class A Common Stock |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;☐ |
| &nbsp;&nbsp;**13** | &nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| &nbsp;&nbsp;**13** | &nbsp;&nbsp;11.5%<sup>3</sup> |
| &nbsp;&nbsp;**14** | &nbsp;&nbsp;TYPE OF REPORTING PERSON (See Instructions) |
| &nbsp;&nbsp;**14** | &nbsp;&nbsp;CO |

---

 

<sup>1</sup> SK ecoplant Co., Ltd.'s ("SK's") beneficial ownership of the Class A Common Stock of Bloom Energy Corporation (the "Issuer") consists of (i) 10,000,000 shares of Class A Common Stock held of record by SK and (ii) 13,491,701 shares of Class A Common Stock to be acquired by Econovation, LLC ("Econovation"), of which SK is the managing member. Econovation will acquire these shares pursuant to the Securities Purchase Agreement dated October 23, 2021, between the Issuer and SK, and pursuant to the Early Close Agreement, dated February 27, 2023 between the Issuer, SK and Econovation, under which the Issuer agreed to issue such shares to Econovation upon SK's payment for these shares (the "Assignment"), as further summarized below.

 

<sup>2</sup> SK and Econovation share voting power over the 13,491,701 shares of the Issuer's Class A Common Stock as a result of SK being the managing member of Econovation.

 

<sup>3</sup> Based on: (i) 191,311,168 shares of the Issuer's Class A Common Stock outstanding, as provided to us by the Issuer, and (ii) 13,491,701 shares of Class A Common Stock to be acquired by Econovation pursuant to the Assignment.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**CUSIP No.** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**093712107** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;NAMES OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;Econovation, LLC |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(a) ☒<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;**3** |  |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;SOURCE OF FUNDS (See Instructions) |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;AF, WC |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;☒ |
| &nbsp;&nbsp;**6** | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION |
| &nbsp;&nbsp;**6** | &nbsp;&nbsp;The Republic of Korea |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**7** | &nbsp;&nbsp;SOLE VOTING POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**7** | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**8** | &nbsp;&nbsp;SHARED VOTING POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**8** | &nbsp;&nbsp;13,491,701 shares of Class A Common Stock<sup>1,2</sup> |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**9** | &nbsp;&nbsp;SOLE DISPOSITIVE POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**9** | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**10** | &nbsp;&nbsp;SHARED DISPOSITIVE POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**10** | &nbsp;&nbsp;13,491,701 shares of Class A Common Stock<sup>1,2</sup> |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;13,491,701 shares of Class A Common Stock |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;☐ |
| &nbsp;&nbsp;**13** | &nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| &nbsp;&nbsp;**13** | &nbsp;&nbsp;6.6%<sup>3</sup> |
| &nbsp;&nbsp;**14** | &nbsp;&nbsp;TYPE OF REPORTING PERSON (See Instructions) |
| &nbsp;&nbsp;**14** | &nbsp;&nbsp;OO |

---

 

<sup>1</sup> Consists of 13,491,701 shares of the Issuer's Class A Common Stock to be acquired pursuant to the Assignment.

 

<sup>2</sup> SK and Econovation share voting power over the 13,491,701 shares of the Issuer's Class A Common Stock as a result of SK being the managing member of Econovation.

 

<sup>3</sup> Based on: (i) 191,311,168 shares of the Issuer's Class A Common Stock outstanding, as provided to us by the Issuer, and (ii) 13,491,701 shares of Class A Common Stock to be acquired by Econovation pursuant to the Assignment.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**CUSIP No.** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**093712107** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;NAMES OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;Blooming Green Energy Limited |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(a) ☒<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;**3** |  |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;SOURCE OF FUNDS (See Instructions) |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;OO |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;☒ |
| &nbsp;&nbsp;**6** | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION |
| &nbsp;&nbsp;**6** | &nbsp;&nbsp;The Republic of Korea |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**7** | &nbsp;&nbsp;SOLE VOTING POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**7** | &nbsp;&nbsp;0 shares of Class A Common Stock<sup>1</sup> |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**8** | &nbsp;&nbsp;SHARED VOTING POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**8** | &nbsp;&nbsp;0 shares of Class A Common Stock<sup>1,</sup> |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**9** | &nbsp;&nbsp;SOLE DISPOSITIVE POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**9** | &nbsp;&nbsp;0 shares of Class A Common Stock<sup>1</sup> |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**10** | &nbsp;&nbsp;SHARED DISPOSITIVE POWER |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;**10** | &nbsp;&nbsp;0 shares of Class A Common Stock<sup>1,</sup> |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;0 shares of Class A Common Stock |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;☐ |
| &nbsp;&nbsp;**13** | &nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| &nbsp;&nbsp;**13** | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;**14** | &nbsp;&nbsp;TYPE OF REPORTING PERSON (See Instructions) |
| &nbsp;&nbsp;**14** | &nbsp;&nbsp;OO |

---

 

<sup>1</sup> Blooming Green Energy Limited (the "SPC") is deemed a member of a group with SK and Econovation with respect to the 13,194,701 shares of the Issuer's Class A Common Stock to be acquired by Econovation; however, because SK is currently the managing member of Econovation, the SPC is not deemed to have voting or dispositive power over the 13,194,701 shares of the Issuer's Class A Common Stock and is therefore not a beneficial owner of such shares.

**Explanatory Note**

This Amendment No. 2 (this "<u>Amendment</u>") amends the Schedule 13D filed on October 4, 2022 (the "<u>Original 13D</u>"), by SK ecoplant Co., Ltd. ("<u>SK</u>"), as amended by Amendment No. 1 thereto which was filed on December 6, 2022, and is made pursuant to Rule 13d-1(a) of the Act. By way of background and as described in Amendment No. 1:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) On October 23, 2021, SK entered into the Securities Purchase Agreement (the " <u>Issuer SPA</u> "),
between SK and Bloom Energy Corporation, a Delaware corporation (the " <u>Issuer</u> "), under
which SK acquired 10,000,000 shares of Series A Redeemable Convertible Preferred Stock (the " <u>RCPS</u> ")
of the Issuer and a right to purchase 13,491,701 shares of the Issuer's Class A Common Stock (the " <u>Second Tranche Shares</u> "). On December 9, 2022, SK converted the RCPS into 10,000,000 shares of the
Issuer's Class A Common Stock. The Issuer SPA is incorporated by reference herein as Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) On August 10, 2022, SK delivered to the Issuer a notice to purchase the Second Tranche Shares pursuant
to the Issuer SPA. On August 16, 2022, SK and the Issuer entered into the Side Letter (the " <u>Side Letter</u> "), which
specified that the purchase of the Second Tranche Shares would occur the later of December 6, 2022 or the date upon receiving certain
regulatory approval. The Side Letter is incorporated by reference herein as Exhibit B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) On December 6, 2022, SK and the Issuer amended the Side Letter (the " <u>Side Letter Amendment</u> ") to delay the closing of such purchase until March 31, 2023, unless an earlier date was mutually
agreed upon by the parties and assuming the satisfaction of applicable regulatory clearances. The Side Letter Amendment is incorporated
by reference herein as Exhibit C.

This Amendment discloses the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The entry, on February 27, 2023, of the Early Close Agreement
(the " <u>Early Close Agreement</u> ") among SK, the Issuer and Econovation, LLC, a Delaware limited liability company and for
which SK is currently the sole member and the managing member ("Econovation"), pursuant to which the Issuer agreed to issue
the Second Tranche Shares to Econovation upon SK's payment to the Issuer for the Second Tranche Shares. The Early Close Agreement
is filed as Exhibit D.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The entry, on March 9, 2023, of the Securities Purchase Agreement
(the "Econovation <u>SPA</u> ") among SK, Blooming Green Energy Limited, a company formed under the laws of the Republic of
Korea (the " <u>SPC</u> " and together with SK and Econovation, the " <u>Reporting Persons</u> "), Econovation and
ESG Blooming Private Equity Fund, a private equity fund formed under the laws of the Republic of Korea (the " <u>PEF</u> "),
pursuant to which the SPC agreed to purchase Class A Common Membership Interests from SK and related matters disclosed in this Amendment.
The Econovation SPA is filed as Exhibit E.

SK, Econovation and the SPC are making this joint filing as Reporting Persons.

Item 2. Identity and Background

*Item 2 of Schedule 13D is hereby amended by adding the following for Econovation and the SPC:*

**Econovation, LLC**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Schedule 13D is filed by Econovation, a limited liability company organized under the laws of
the state of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The address of the principal place of business of Econovation is 19 Yulgok-ro 2-gil, Jongno-gu, Seoul
03149, Korea.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Econovation is principally engaged in holding shares of common stock of the Issuer.

The name, business address, present principal occupation or employment and citizenship of each director and executive officer of Econovation is set forth on Schedule I attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) During the last five years, none of Econovation or the individuals listed on Schedule I attached hereto
has been convicted in any criminal proceeding, except as such pertains to SK, its managing member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) During the last five years, none of Econovation and the individuals listed on Schedule I attached hereto
has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to such laws.

**Blooming Green Energy Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Schedule 13D is filed by the SPC, a company organized under the laws of Korea.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The address of the principal place of business of the SPC is 31, Gukjegeumyung-ro (Yeouido-dong, SK Securities
Building), Yeongdeungpo-gu, Seoul, Korea .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The SPC is principally engaged in holding membership interests in Econovation.

The name, business address, present principal occupation or employment and citizenship of each director and executive officer of the SPC is set forth on Schedule I attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) During the last five years, none of SPC or the individuals listed on Schedule I attached hereto has been
convicted in any criminal proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) During the last five years, none of the SPC and the individuals listed on Schedule I attached hereto has
been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was
or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such laws.

### Item 3. Source and Amount of Funds or Other Considerations
*Paragraphs 4-6 of Item 3 of Schedule 13D are hereby amended and supplemented as follows:*

The information set forth in Item 4 of this Schedule 13D/A is hereby incorporated herein by reference.

The initial source of funds for SK's payment of the price of $310,957,102 to the Issuer for the Second Tranche Share will be from SK's cash from its balance sheet and borrowed funds. SK is paying for these shares pursuant to the Issuer SPA, the Side Letter, the Side Letter Amendment and the Early Close Agreement, pursuant to which, in effect, the Issuer is issuing the shares to Econovation and Econovation is crediting SK with 13,491,701 Class A Common Membership Interests of Econovation. SK, Econovation and the Issuer expect to close the Second Trance purchase by March 31, 2023.

A secondary source of funds for the payment of the purchase price for the Second Tranche Shares is expected to come from the purchase by the SPC of up to 6,610,934 Class A Common Membership Interests of Econovation from SK for up to $152,859,040 at a purchase price of $23.122 per Common Membership Interest, each in Korean Won and converted from U.S. Dollars at the applicable exchange rate on the date the Issuer issued the Second Tranche Shares to Econovation, pursuant to the Econovation SPA.

As of February 28, 2023, based on information provided to us by the Issuer and after giving effect to (a) SK's ownership of Class A Common Stock and (b) Econovation's purchase of the Second Tranche Shares, SK and Econovation beneficially own approximately (x) 11.5% and 6.6%, respectively, of the outstanding Class A Common Stock of the Issuer and (y) 6.5% and 3.7%, respectively, of the outstanding voting stock of the Issuer, including for purposes of this calculation the Issuer's outstanding Class B Common Stock. For the avoidance of doubt, in each case, SK's beneficial ownership of the Issuer's Common Stock includes that of Econovation.

The descriptions of the Issuer SPA, Side Letter, Side Letter Amendment, Early Close Agreement and the Econovation SPA summarized in this Item 3 are not intended to be complete and is qualified in its entirety by reference to such agreement, which is filed hereto or incorporated by reference herein as Exhibits A through E.

Item 4. Purpose of Transaction

*Item 4 of Schedule 13D is hereby amended by adding the following after Paragraph 5:*

The purpose of the agreements and transactions summarized by this Amendment is to provide for the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The payment by SK of the purchase
price of the Second Tranche Shares, the issuance by the Issuer of the Second Tranche Shares to Econovation and the crediting by Econovation
of 13,491,701 Class A Common Membership Interests to SK in consideration for the payment of the price, pursuant to the Issuer
SPA, the Side Letter, the Side Letter Amendment and the Early Close Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The purchase by the SPC of up to 6,610,934 Class A Common Membership
Interests of Econovation from SK for up to $152,859,040 at a purchase price of $23.122 per Common Membership Interest, each converted
into U.S. Dollars at the applicable exchange rate on the date the Issuer issued the Second Tranche Shares to Econovation, pursuant to
the Econovation SPA.

*Paragraph 6 of Item 4 of Schedule 13D is hereby amended in its entirety as follows:*

The descriptions of the Issuer SPA, Side Letter, Side Letter Amendment, Early Close Agreement and the Econovation SPA contained in this Item 4 are not intended to be complete and are qualified in their entirety by reference to such agreements, which are filed hereto or incorporated by reference herein as Exhibits A through E.

*Item 4 of Schedule 13D is further amended by adding the following prior to the ultimate paragraph therein:*

**Early Close Agreement**

On February 27, 2023, the Issuer, SK and Econovation entered into the Early Close Agreement, pursuant to which the parties agreed to consummate the closing of the purchase of the Second Tranche Shares by March 31, 2023, in accordance with the terms of the Side Letter Amendment, and for the Issuer to issue the Second Tranche Shares to Econovation in consideration for the payment of the purchase price to the Issuer. The substitution of Econovation for SK as the party receiving the Second Tranche Shares was made, in addition to the terms of the Early Close Agreement, also pursuant to the terms of the Issuer SPA and the Investor Agreement dated as of December 29, 2021 between the Issuer and SK. The Investor Agreement was previously filed as Exhibit D to the Original 13D and is incorporated by reference as Exhibit F hereto.

In addition, the Early Close Agreement modifies the Investor Agreement, which permitted the Assignment, as follows:

● The standstill provision, under Section 2 of the Investor Agreement, that restricts SK's ability to purchase additional shares of Class A Common Stock of the Issuer also applies to Econovation, for a period commencing on December 9, 2022 until the later of the second anniversary of the Second Tranche closing date, the date on which SK ceases to have a right to designate a director of the Board of Directors of the Issuer and the date on which SK or Econovation own less than 5% of the outstanding Class A Common Stock of the Issuer. The standstill restriction is subject to specified exceptions, such as certain permitted purchases and their pre-emptive rights.

● The lock-up provision, under Section 3 of the Investor Agreement, that restricts SK's ability to sell Class A Common Stock also applies to Econovation, for a period of two years after the Second Tranche closing date. The lock-up agreement terminates upon a change of control of the Issuer or the Company filing a self-tender offer pursuant to Section 14D-9 of the Act.

● The voting agreement, under Section 4 of the Investor Agreement, that requires SK to vote or execute a written consent with respect to all voting securities of the Issuer as to which it is entitled to vote or execute a written consent in accordance with recommendation of a majority of the Board of Directors of the Issuer, for the same period of time as the standstill provision, also applies to Econovation.

● The board designation right, under Section 5 of the Investor Agreement, that provides SK with the right to designate a member of the Board of Directors of the Issuer, subject to the conditions of the Investor Agreement including the nomination and governance policies of the Issuer, is remaining with SK and is not being assigned to Econovation.

● The pre-emptive rights, under Section 6 of the Investor Agreement, that provides SK with the right to purchase its fully diluted ownership of shares of Class A Common Stock of the Issuer starting as of the Second Tranche closing date, subject to the terms and conditions of the Investor Agreement, is being also provided to Econovation.

The description of the Early Close Agreement contained in this Item 4 is not intended to be complete and is qualified in its entirety by reference to such agreement, which is filed as Exhibit D hereto.

**Econovation SPA**

On March 9, 2023, Econovation, SK, the SPC and the PEF entered into the Econovation SPA, pursuant to which the SPC has agreed to purchase up to a maximum amount of 6,610,934 Class A Common Membership Interests of Econovation for up to the Korean Won equivalent of $152,859,040 in cash in one of two closings. The first closing, which is expected to be by March 31, 2023 or such earlier date upon which the parties may agree (unless otherwise extended due to a delay in regulatory approval), is for minimum number of Class A Common Membership Interests at least equal to 120 billion Korean Won, converted into U.S. Dollars at the applicable exchange rate on the date the Issuer issued the Second Tranche Shares to Econovation, at a purchase price of $23.122 per Common Membership Interest. The parties may increase the number of Class A Common Membership Interests to be sold at the first closing up to the maximum amount. At the second closing, scheduled for April 28, 2023 or such earlier date upon which the parties may agree, the number of Class A Common Membership Interests to be sold is for up to the remaining number of total Class A Common Membership Interests that the SPC may purchase, using the same calculation as with the first closing . If the SPC does not close on the purchase in the first closing, SK has the right to terminate the agreement or seek the remedy of specific performance and force the SPC to close. Upon the SPC's purchase of Class A Common Membership Interests of Econovation from SK, Econovation will admit the SPC as a Member, pursuant to an Amended and Restated Limited Liability Company Agreement of Econovation, and the parties will enter into a Members Agreement. The parties have agreed to negotiate the terms of the Amended and Restated Limited Liability Company Agreement and the Members Agreement by March 17, 2023. The Econovation SPA contains customary terms, conditions and other provisions regarding the purchase and sale of the Class A Common Membership Interests of Econovation.

The description of the Econovation SPA contained in this Item 4 is not intended to be complete and is qualified in its entirety by reference to such agreement, which is filed as Exhibit E hereto.

Item 5. Interest in Securities of the Issuer

*Item 5 of Schedule 13D is hereby amended in its entirety as follows:*

(a)-(b) The aggregate number and percentage of the Class A Common Stock beneficially owned by SK, Econovation and the SPC and the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D/A and are hereby incorporated herein by reference. Calculations of the percentage of the shares of Class A Common Stock beneficially owned are based on 204,802,869 shares of Class A Common Stock of Issuer outstanding as of February 28, 2023, based on information provided to us by the Issuer, and include 13,491,701 shares of Class A Common Stock to be purchased by Econovation by March 31, 2023.

As of February 28, 2023, based on information provided to us by the Issuer and after giving effect to (a) SK's ownership of Class A Common Stock and (b) Econovation's purchase of Class A Common Stock on the date of closing of the Second Tranche Share purchase, SK and Econovation beneficially owns approximately (x) 11.5% and 6.6%, respectively, of the outstanding Class A Common Stock of the Issuer and (y) 6.5% and 3.7%, respectively, of the outstanding voting stock of the Issuer, including for purposes of this calculation the Issuer's outstanding Class B Common Stock. For the avoidance of doubt, in each case, SK's beneficial ownership of the Issuer's Common Stock includes that of Econovation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as set forth in this Schedule 13D/A, neither SK, Econovation nor the SPC has effected any transactions in the Class A Common Stock in the past 60 days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Except as described in this Schedule 13D/A, no other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock beneficially owned by the Reporting Persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

*Item 6 of Schedule 13D is hereby amended and supplemented by incorporating the information set forth in Items 3 and 4 into this Item 6 and by adding the information set forth below as follows.* 

**Joint Filing Agreement**

The Joint Filing Agreement, dated as of March 10, 2023, among SK, Econovation and the SPC (the "<u>Joint Filing Agreement</u>"), is filed hereto as Exhibit N, pursuant to Rule 13d-1(k)(1).

Item 7. Material to Be Filed as Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| **A** | [Securities Purchase Agreement, dated as of October 23, 2021, by and between Bloom Energy Corporation and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-a_bloom.htm) |
| **B** | [Side Letter, dated August 16, 2022 between Bloom Energy Corporation and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-b_bloom.htm) |
| **C** | [Amendment to Side Letter, dated December 6, 2022, between Bloom Energy Corporation and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022)](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-c_bloom.htm) |
| **D** | [Early Close Agreement, dated February 27, 2023, by and among Bloom Energy Corporation, SK ecoplant Co., Ltd. and Econovation, LLC (filed herewith)](ea175183ex99-d_bloom.htm) |
| **E** | [Securities Purchase Agreement, dated March 9, 2023, among Econovation, LLC, SK ecoplant Co., Ltd., Blooming Green Energy Limited and ESG Blooming Private Equity Fund (filed herewith)](ea175183ex99-e_bloom.htm) |
| **F** | [Investor Agreement, dated as of December 29, 2021, between Bloom Energy Corporation and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-d_bloom.htm) |
| **G** | [Joint Venture Agreement, dated September 24, 2019, between Bloom Energy Corporation and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-e_bloom.htm) |
| **H** | [Amendment to the Joint Venture Agreement, dated October 23, 2021, between Bloom Energy Corporation and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-f_bloom.htm) |
| **I** | [Amended and Restated Preferred Distributor Agreement, dated October 23, 2021, between Bloom Energy Corporation, Bloom SK Fuel Cell, LLC and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-g_bloom.htm) |
| **J** | [Commercial Collaboration Agreement, dated October 23, 2021, by and between Bloom Energy Corporation and SK ecoplant Co., Ltd. (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-h_bloom.htm) |
| **K** | [K-Sure Overseas Investment Insurance (Investment Financing) Facility, dated December 12, 2021, between SK ecoplant Co., Ltd., as Borrower and BNP Paribas, as Lender, Mandated Lead Arranger and Bookrunner (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-i_bloom.htm) |
| **L** | [The Overseas Investment Insurance (Investment Financing) Policy dated as of December 21, 2021 among BNP Paribas Facility, SK, BNP Paribas and the Korea Trade Insurance Corporation incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-j_bloom.htm) |
| **M** | [Loan (Credit) Transaction Agreement between SK and The Export-Import Bank of Korea dated as of November 2021 (incorporated by reference, filed with the SEC with Amendment No. 1 on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/1664703/000121390022079095/ea169970ex99-k_bloom.htm) |
| **N** | [Joint Filing Agreement, dated as of March 10, 2023, among SK ecoplant Co., Ltd., Econovation, LLC and Blooming Green Energy Limited (filed herewith)](ea175183ex99-n_bloom.htm) |

---

<u>SIGNATURES</u>

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: March 14, 2023

---

| | | |
|:---|:---|:---|
| **SK ecoplant Co., Ltd.** | **SK ecoplant Co., Ltd.** | **SK ecoplant Co., Ltd.** |
| By: | /*s/ Wangjae (Justin) Lee* | /*s/ Wangjae (Justin) Lee* |
|  | Name: | Wangjae (Justin) Lee |
|  | Title: | Managing Director of Eco Energy BU |

---

---

| | | |
|:---|:---|:---|
| **Econovation, LLC** | **Econovation, LLC** | **Econovation, LLC** |
| By: | /*s/ Seongjun Bae* | /*s/ Seongjun Bae* |
|  | Name: | Seongjun Bae |
|  | Title: | Representative |

---

---

| | | |
|:---|:---|:---|
| **Blooming Green Energy Limited** | **Blooming Green Energy Limited** | **Blooming Green Energy Limited** |
| By: | /*s/Jucheol Kim* | /*s/Jucheol Kim* |
|  | Name: | Jucheol Kim |
|  | Title: | Director |

---

**SCHEDULE I**

**DIRECTORS AND EXECUTIVE OFFICERS OF THE REPORTING PERSONS**

Set forth below is the name and present principal occupation or employment of each director and executive officer of SK ecoplant Co., Ltd. The business address of each of the directors and executive officers is 19 Yulgok-ro 2-gil, Jongno-gu, Seoul 03149, Korea. Each person listed below is a citizen of the Republic of Korea.

---

| | |
|:---|:---|
| **Name** | **Present Principal Occupation** |
| Lee Seung Ho | Outside Director of SK ecoplant Co., Ltd and Director of Daekyo, an educational institution located at 23 Boramae-ro 3-gil, Gwanak-gu, Seoul |
| Kim Yoon Mo | Outside Director and Vice Chairman of Nautic Investment, an investment company located at 10 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul |
| Kim Jong Ho | Outside Director and Advisor of Shinhan Accounting Corporation, an accounting company located at 8 Uisadang-daero, Yeongdeungpo-gu, Seoul |
| Park Sun Kyu | Outside Director and professor of Sungkyunkwan University, 25-2 Seonggyungwan-ro, Jongno-gu, Seoul |
| Lee Sung Hyung | Non-standing Director and Chief Financial Officer of SK, Inc., located at 26, Jong-ro, Jongno-gu, Seoul |
| Park Kyung Il | Director and Chief Executive Officer of SK ecoplant Co., Ltd. |
| Jo Sung Ok | Chief Financial Officer of SK ecoplant Co., Ltd. |
| Lee Mi Ra | Chief Human Resources Officer of GE Korea |
| SK Inc. | Controlling shareholder of SK ecoplant Co., Ltd. |
| Tae won Chey | Chairman and CEO of SK Inc. |
| Dong Hyun Jang | Vice Chairman and CEO of SK Inc. |
| Dae Sik Cho | Director of SK Inc. |
| Jae Ho Yeom | Independent Director of SK Inc. |
| Chan Keun Lee | Independent Director of SK Inc. |
| Byoung Ho Kim | Independent Director of SK Inc. |
| Yong Suk Jang | Independent Director of SK Inc. |
| Seon Hee Kim | Independent Director of SK Inc. |

---

Set forth below is the name and present principal occupation or employment of each member and officer of Econovation, LLC. The business address of each of the members and officers is 19 Yulgok-ro 2-gil, Jongno-gu, Seoul 03149, Korea. Each person listed below is a citizen of the Republic of Korea.

---

| | |
|:---|:---|
| **Name** | **Present Principal Occupation** |
| SK ecoplant Co., Ltd. | Managing member of Econovation, LLC<br> (The executive officers and directors of SK ecoplant Co., Ltd. and its controlling entity, SK Inc., are listed above.) |
| Seongjun Bae | Representative of Econovation, LLC |
| Yumi Park | Manager of Econovation, LLC |

---

Set forth below is the name and present principal occupation or employment of each controlling person and/or entity, member and officer of Blooming Green Energy Limited. The business address of each of the members and officers is 31, Gukjegeumyung-ro (Yeouido-dong, SK Securities Building), Yeongdeungpo-gu, Seoul, Korea . Each person listed below is a citizen of the Republic of Korea.

---

| | |
|:---|:---|
| **Name** | **Present Principal Occupation** |
| Jucheol Kim | Director of Blooming Green Energy Limited |
| ESG Blooming Private Equity Fund | Largest and sole shareholder of Blooming Green Energy Limited |
| SKS Private Equity Co., Ltd | General Partner of ESG Blooming Private Equity Fund |
| Si Hwa Yoo | Representative of SKS Private Equity Co., Ltd. |

---

## Ex-99.D

**Exhibit D** 

**EARLY CLOSE AGREEMENT**

**<u>February 27, 2023</u>**

This Early Close Agreement, dated as of February 27, 2023 (this "*Agreement*"), is being entered into by SK ecoplant Co., Ltd. (the "*Investor*") and Bloom Energy Corporation (the "*Company*").

The parties hereto hereby agree as follows:

1. <u>Notice of Early Close</u>. The Investor hereby gives notice to the Company of its desire to close (such closing, the "*Closing*") the purchase and sale of Class A Common Stock of the Company by March 31, 2023, unless the parties hereto agree in writing to an earlier date, pursuant to, and subject to the terms and conditions of, the Securities Purchase Agreement, dated as of October 23, 2021 (the "*SPA*"), the Side Letter, dated August 16, 2022 (the "*Side Letter*") and Amendment to the Side Letter, dated as of December 6, 2022 (the "*Amendment*"), in each case, between the Investor and the Company. Such purchase and sale, is referred to as the "*Second Tranche*."

2. <u>Assignment to Econovation, LLC</u>. Pursuant to Section 14.9 of the SPA, the Investor has assigned its right to purchase the Second Tranche shares to Econovation, LLC ("*Econovation*"), a Delaware limited liability company, which the Company hereby acknowledges.

3. <u>Retention of Board Designation Rights</u>. Notwithstanding the assignment contemplated by Section 2 above, the Investor shall retain its right to designate an individual to the Company's Board of Directors (the "*Investor Designee*"), granted pursuant to Section 5 of the Investor Agreement dated as of December 29, 2021 between the Investor and the Company, (the "*Investor Agreement*"), which the Company hereby acknowledges and Econovation and Investor agree that the Company retains the rights set forth in Section 4 of the Investor Agreement and that Econovations's managing member will deliver a voting proxy to the Company when requested as detailed in such Section 4 and that the Investor will otherwise be bound by the obligations and undertakings set forth in Section 4 of the Investor Agreement.

4. <u>Payment & Title</u>. On the Closing of the Second Tranche, the Investor will wire the purchase price to the Company, and the Company agrees to deliver the Second Tranche shares to Econovation, according to the written instructions the Investor will have previously provided to the Company prior to the Closing.

5. <u>Good Faith Collaboration</u>. The parties hereto will work collaboratively with each other and in good faith to accomplish the closing of the Second Tranche purchase and sale pursuant the SPA and to facilitate the appointment of the Investor Designee and implementation of the Voting Agreement pursuant to the Investor Agreement.

6. <u>Miscellaneous Incorporation By Reference</u>. Sections 14.1 to 14.8 and 14.10 to 14.16 of the SPA are hereby incorporated by reference into this Agreement, as if stated herein directly, with the understanding that references in the SPA to the SPA are meant to be to this Agreement and with such other modifications, *mutatis mutandis*, so as to avoid any ambiguity or unintended changes in reference or meaning.

The parties to this Agreement have caused it to be duly executed as of the date first above written.

---

| | |
|:---|:---|
| SK ECOPLANT CO., LTD. | SK ECOPLANT CO., LTD. |
| By: | */s/ Wangjae (Justin) Lee* |
| Name: | Wangjae (Justin) Lee |
| Title: | Managing Director of Eco Energy BU |
| ECONOVATION, LLC, | ECONOVATION, LLC, |
| By: | SK ecoplant Co., Ltd., its managing member |
| By: | */s/ Seongjun Bae* |
| Name: | Seongjun Bae |
| Title: | Representative of Econovation LLC |
| BLOOM ENERGY CORPORATION | BLOOM ENERGY CORPORATION |
| By: | */s/ Greg Cameron* |
| Name: | Greg Cameron |
| Title: | Chief Financial Officer |

---

[Signature Page to Early Close Agreement]

## Ex-99.E

**Exhibit E**

***Execution Version***

**SECURITIES PURCHASE AGREEMENT**

This Securities Purchase Agreement (this "***Agreement***") is being entered into as of March 9, 2023, among Econovation, LLC, a limited liability company formed under the laws of the State of Delaware (the "***Company***"), SK ecoplant Co., Ltd., a company formed under the laws of the Republic of Korea (the "***Seller***," which shall include its capacity as the Manager of the Company), Blooming Green Energy Limited, a company formed under the laws of the Republic of Korea (the "***Purchaser***"), and ESG Blooming Private Equity Fund, an institutional private equity fund formed under the laws of the Republic of Korea (the "***PEF***").

<u>BACKGROUND</u>

1. The Purchaser desires to purchase Class A Common Membership Interests of the Company (the "  ***Common Membership Interests***") from the Seller and to be admitted as a Member of the Company, pursuant to the Limited Liability
Company Agreement of the Company, which will be amended and restated (as so amended and restated, the "  ***LLC Agreement*** ").

2. In connection with the parties entry into this Agreement and the LLC Agreement, the parties hereto are
also entering into the Members Agreement and the other agreements and documents contemplated by these agreements (such agreements and
documents, collectively, the "  ***Transaction Documents***") and the consummation of the transactions contemplated
hereby and thereby (collectively, the "  ***Transactions*** ").

3. SKS PE Co., Ltd., a private limited company formed under the laws of the Republic of Korea ("  ***SKS PE*** "), established the PEF and serves as its General Partner
along with a number of financial institutions as limited partners ("  ***LPs*** ")
in accordance with the Korean Financial Investment Services and Capital Markets Act (the "  ***FISCMA*** ")
on February 17, 2023, and the PEF established the Purchaser as a special-purpose company as prescribed under the FISCMA on February 22,
2023. 4. The sale of the Common Membership Interests contemplated by this Agreement will be effected in transactions
offshore from the United States in Korea for purposes of Regulation S ("  ***Regulation S***") of the United States
Securities Act of 1933, as amended (the "  ***U.S. Securities Act*** "), and to institutional "qualified institutional
buyers" (as defined in Rule 144A of the U.S. Securities Act) in the United States pursuant to Rule 144A of the U.S. Securities Act.

5. Capitalized terms used but not defined herein have the meanings given to them by the LLC Agreement.

<u>AGREEMENT</u>

By execution and delivery of this Agreement, each of the undersigned hereby agrees with the Company as follows:

**Section 1 <u>Purchase and Sale of Common Membership Interests; Conditions; Closings</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Purchase and Sale</u>. The Purchaser agrees that it shall purchase Common Membership Interests from the Seller, and the Seller agrees to sell to the Purchaser these Common Membership Interests, subject to the terms and conditions of this Agreement as set forth below in clauses (b) and (c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>First Closing; First Closing Date</u>; <u>First Closing Conditions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>First Closing Date</u>. On March 31, 2023, or such other earlier date that the Seller and the Purchaser shall agree upon in writing, subject to the satisfaction or waiver in writing of the conditions to the First Closing set forth below (such date, as it may be extended in connection with a First Closing Default as contemplated below, the "***First Closing Date***"), the Purchaser shall purchase from the Seller the First Common Membership Interests in exchange for the First Purchase Price, which shall be payable in Korean Won ("***KRW***").

"***First Common Membership Interests***" represents the number of Common Membership Interests to be purchased at the First Closing and shall be determined by dividing the First Purchase Price by the Unit Purchase Price, which shall be rounded down to the nearest whole number and which shall be payable in Korean Won.

"***Unit Purchase Price***" represents the price per Common Membership Interest to be purchased at the First Closing and, if applicable, the Second Closing and shall be determined by calculating the quotient of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) $311,957,202, which is the sum of U.S. $310,957,102 (which equals the U.S. Dollar amount of the purchase price of the 13,491,701 shares of Class A Common Stock of Bloom Energy Corporation ("***Bloom***," and such shares, "***Bloom Shares***") paid for by the Seller and which equates to the Seller's capital contribution to the Company), plus $1,000,000 (which represents the operational and other out-of-pocket expenses of the Seller incurred in connection with its capital contribution and related expenses), plus $100 (which represents the Seller's initial capital contribution to the Company for 1,000 Common Membership Interests) which amounts in U.S. Dollars shall be translated into KRW as of the date of Seller's capital contribution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) 13,491,701, which represents the total Common Membership Interests that the Seller received in consideration for its capital contribution to the Company.

"***First Purchase Price***" represents the total purchase price payable by the Purchaser to the Seller for the First Common Membership Interests to be purchased at the First Closing and shall in no event be less than 120 billion KRW, with the exact amount to be finalized by the Seller and the Purchaser in writing before the First Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>First Closing</u>. The closing of the first sale of Common Membership Interests (the "***First Closing***") shall take place on the First Closing Date by the electronic exchange of the signed applicable Transaction Documents and upon the wiring of the First Purchase Price in exchange for the sale of the First Common Membership Interests, as contemplated above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>First Closing Conditions</u>. The obligations of the Parties to effect the First Closing shall be subject to the satisfaction or waiver in writing of the following conditions applicable to each of them as set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) <u>The Seller's First Closing Conditions</u>. The obligation of the Seller to effect the First Closing
is subject to the satisfaction or waiver in writing of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) receipt of completed and executed copies of the following from the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Y) signature page of the Members Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Z) signature page of the LLC Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) completed copy of Form W-8 for non-U.S. persons pursuant to Exhibit 1 (the "***Tax Form***");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) wiring by the Purchaser of the First Purchase Price for the purchases of the First Common Membership Interests to a bank account designated in writing by the Seller and confirmation by the Seller of the receipt of these funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) the representations and warranties of each of the Purchaser and the PEF, on behalf of itself and the other Rep Parties (as defined below) being true in all material respects as of the date of this Agreement and on the First Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(V) confirmation of the internal approval within the PEF of its investment in the Purchaser and the Transactions and the Purchaser's minutes of the unitholders meeting approving the Transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(VI) unconditional approval by the Korea Fair Trade Commission of the Purchaser's application for a business combination in respect of the Transactions pursuant to the Korean Monopoly Regulation and Fair Trade Act (the "***KFTC Filing***"), provided that the Seller shall use its commercially reasonable best efforts to provide any material required for the application by the Purchaser to the Korea Fair Trade Commission within one (1) Business Day from the date this Agreement is executed (including any supplementation thereof) in relation to the Seller, the Company, or Bloom and upon request by the Purchaser, in which event the Seller shall not be liable for failure to satisfy this condition to the First Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) <u>The Purchaser's First Closing Conditions</u>. The obligation of the Purchaser to effect the First
Closing is subject to the satisfaction or waiver in writing of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) receipt of completed and executed copies of the following from the Company and the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Y) signature page by the Seller and the Company of the Members Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Z) signature page by the Seller and the Company of the LLC Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) completed copy of the Tax Form

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) the receipt of the First Common Membership Interests being purchased in the form of a confirmation by the Seller and the Company and the admission by the Company of the Purchaser as a Member of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) the representations and warranties of the Seller and the Company being true in all material respects as of the date of this Agreement and on the First Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(V) unconditional approval by the Korea Fair Trade Commission of the Purchaser's KFTC Filing, provided that the Purchaser shall duly prepare and submit the application materials to the Korea Fair Trade Commission within one (1) Business Day from the date this Agreement is executed, in which event the Purchaser shall not be liable for failure to satisfy this condition to the First Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(VI) the completion of the Company's acquisition of Bloom Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Remedies of Seller for Purchaser's Non-Performance at First Closing</u>. In the event that the Purchaser does not pay the minimum amount of the First Purchase Price prescribed under Section 1(b)(i) to the Seller by the First Closing Date (the "***First Closing Default***"), then the Seller shall have the right to the following remedies in connection with that First Closing Default by the Purchaser, provided that the Purchaser's delay in payment of the First Purchase Price solely due to any delay in the Korea Fair Trade Commission's approval of the KFTC Filing shall not constitute the First Closing Default and the First Closing Date in such event shall be postponed to the date that is eight (8) Business Days from the date of the approval of the KFTC Filing but in no event later than April 28, 2023:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the right to terminate this Agreement by written notice thereof to the Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the right, in lieu of the termination right contemplated by clause (A) above, of specific performance,
to cause the Purchaser to pay the First Purchase Price and effect the First Closing within ten (10) Business Days of the First Closing
Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>First Max Closing</u>. Upon the written agreement of the Seller and the Purchaser before the First Closing Date, such Parties may increase the number of First Common Membership Interests to be purchased at the First Closing to up to a maximum amount of 6,610, 934 Common Membership Interests, at a purchase price equal to the Unit Purchase Price per Common Membership Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Second Closing; Second Closing Date</u>; <u>Second Closing Conditions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Second Closing Date</u>. On April 28, 2023 or such earlier date that the Seller and the Purchaser shall agree upon in writing after the First Closing Date, subject to the First Closing having occurred by the First Closing Date and the satisfaction or waiver in writing of the conditions to the Second Closing set forth below (such date, the "***Second Closing Date***" and, together with the First Closing Date, the applicable "***Closing Date***"), the Purchaser has an option, but not an obligation, to purchase the Second Common Membership Interests in exchange for the Second Purchase Price, which shall be payable in KRW.

<u>"***Second Common Membership Interests***</u>" represents the number of Common Membership Interests to be purchased at the Second Closing that shall not, in combination with the First Common Membership Interests, exceed 6,610,934 Common Membership Interests, as determined by the Purchaser and notified to the Seller prior to the Second Closing. References to the applicable "***Common Membership Interests***" means the First Common Membership Interests and the Second Common Membership Interests, as the case may be.

"***Unit Purchase Price***" for the Second Closing has the same meaning as for the First Closing.

"***Second Purchase Price***" represents the total purchase price payable by the Purchaser to the Seller for the Second Common Membership Interests to be purchased at the Second Closing and shall be determined by multiplying the number of Second Common Membership Interests by the Unit Purchase Price. References to the applicable "***Purchase Price***" mean the First Purchase Price and the Second Purchase Price, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Second Closing</u>. The second closing of the sale of Common Membership Interests, if at all (the "***Second Closing***" and, together with the First Closing, the applicable "***Closing***") shall take place on the Second Closing Date by the electronic exchange of the signed applicable Transaction Documents and upon the wiring of the Second Purchase Price in exchange for the sale of the Second Common Membership Interests, as contemplated above. The Parties agree that, whether the Second Closing occurs or not, shall not affect the validity of the First Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Second Closing Conditions</u>. The obligations of the Parties to effect the Second Closing shall be subject to the satisfaction or waiver in writing of following conditions applicable to each of them as set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) <u>Seller's Second Closing Conditions</u>. The obligation of the Seller to effect the Second Closing
is subject to the satisfaction or waiver in writing of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) receipt of written confirmation from the Purchaser that nothing has changed with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(X) the Investor Questionnaires previously delivered to Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Y) the Tax Form; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Z) the internal approval of the PEF or the Purchaser,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) each of which were delivered in connection with the First Closing or, if there are any changes such changes are delivered in writing to the Seller and such changes are reasonably satisfactory to the Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) wiring by the Purchaser of the Second Purchase Price for the purchase of the Second Common Membership Interests to a bank account designated in writing by the Seller and confirmation by the Seller of the receipt of these funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) the representations and warranties of the Purchaser and the PEF, on behalf of itself and the other Rep Parties (as defined below) being true in all material respects as of the date of this Agreement and on the Second Closing Date.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) <u>Purchaser's Second Closing Conditions</u>. The obligation of the Purchaser to effect the Second Closing is subject to the satisfaction or waiver in writing of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) the receipt of the Second Common Membership Interests being purchased in the form of a written confirmation by the Seller and the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) receipt from the Company of written confirmation that the Second Common Membership Interests of the Purchaser as recorded in the LLC Agreement and the Members Agreement shall have been adjusted to give effect to the Second Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) the representations and warranties of the Seller and the Company being true in all material respects as of the date of this Agreement and on the Second Closing Date.

**Section 2 <u>Representations, Warranties and Agreements of the Company</u>.**

The Company hereby represents and warrants to the Purchaser as set forth below in this Section as of date of this Agreement and as of the applicable Closing Date:

2.1 <u>Due Authorization</u>. The Company has full right, power and authority to execute and deliver this Agreement and the other Transaction Documents and to perform its obligations hereunder and thereunder; and all action required to be taken for the due and proper authorization, execution and delivery of each of the Transaction Documents and the consummation of the Transactions has been duly and validly taken.

2.2 <u>Securities Purchase Agreement, LLC Agreement and Members Agreement</u>. Each of this Agreement, the LLC Agreement and the Members Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and binding agreement of the Company, enforceable in accordance with its respective terms, except as (a) the enforcement hereof and thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles, (b) rights to indemnification and contribution hereunder may be limited by applicable law and public policy considerations and (c) the enforcement hereof and thereof may be limited by the implied covenant of good faith and fair dealing.

2.3 <u>No Additional Consents Required</u>. No consent, approval, authorization, order, filing, registration, license or qualification of or with any U.S., Korean or other court, arbitrator or governmental or regulatory authority, agency or body that has not already been obtained is required for the execution, delivery and performance by the Company of each of the Transaction Documents, the sale and delivery of the Common Membership Interests by the Seller and performance and compliance by the Company with the terms thereof and the consummation of the Transactions, other than those that have been received as of the date of this Agreement.

2.4 <u>No Conflicts</u>. The entry by the Company into the Transaction Documents and the closing or effecting the Transactions will not violate or breach or conflict with (a) the Certificate of Formation of the Company, the LLC Agreement or the Members Agreement, (b) any judgment, order, decree or other similar item by any applicable U.S. or non-U.S. court or governmental or regulatory authority, (c) any applicable U.S., Korean or other non-U.S. law, statute or regulation, including the FISCMA and any other statute or regulation of the Korean Financial Supervisory Service of Korea ("***FSS***") and (d) any material agreement of the Company.

2.5 <u>Securities Laws Compliance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In connection with the Transactions, the Company has not used or distributed any written materials in connection with its discussion with the Purchaser, the PEF, SKS PE or the LPs in connection with the investment decision of the Purchaser to purchase Common Membership Interests of the Company or the decision of the PEF, SKS PE or the LPs to make an investment in the Purchaser or any other entity that is investing, directly or indirectly, in the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Investment Company Act Compliance</u>. The Company is not required to register with the SEC as an "investment company" as defined in the United States Investment Company Act of 1940, as amended (the "***U.S. Investment Company Act***"). The Company has not and will not hold itself out as an "investment fund" within the meaning of the U.S. Investment Company Act, whether in Korea or elsewhere.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Business of the Company</u>. The sole business of the Company is the ownership of Class A Common Stock of Bloom, and the conduct of certain activities ancillary thereto as modified from time to time as needed and as contemplated by the LLC Agreement and the Members Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Deemed Capital Contribution; Admission of the Purchaser As Member</u>. In connection with the Closing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Purchaser's payment of the applicable Purchase Price to the Seller shall be deemed to constitute a capital contribution of a like amount of cash to the Company (the "***Capital Contribution***");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The applicable Common Membership Interests being purchased shall be exchanged automatically into applicable Redeemable Convertible Preferred Membership Interests of the Company pursuant to the LLC Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in connection with the First Closing, the Purchaser shall become a Member of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Ownership of Bloom Shares</u>. The Company has full title of 13,491,701 shares of Class A Common Stock of Bloom without any lien, encumbrance, or other restriction, or any concern thereof upon them that may limit any disposal of the Shares except the restrictions set forth in the definitive agreements entered into between the Seller and Bloom.

**Section 3 <u>Representations, Warranties and Agreements of Seller</u>**.

The Seller, hereby makes the representations, warranties and agreements set forth below in this Section to the Purchaser as of the date of this Agreement and as of the applicable Closing Date:

3.1 <u>Due Authorization</u>. The Seller has full right, power and authority to execute and deliver this Agreement and the other Transaction Documents and to perform its obligations hereunder and thereunder; and all action required to be taken for the due and proper authorization, execution and delivery of each of the Transaction Documents and the consummation of the Transactions has been duly and validly taken.

3.2 <u>Securities Purchase Agreement, LLC Agreement and Members Agreement</u>. Each of this Agreement, the LLC Agreement and the Members Agreement has been duly authorized, executed and delivered by the Seller and constitutes a valid and binding agreement of the Seller, enforceable in accordance with its respective terms, except as (a) the enforcement hereof and thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles, (b) rights to indemnification and contribution hereunder may be limited by applicable law and public policy considerations and (c) the enforcement hereof and thereof may be limited by the implied covenant of good faith and fair dealing.

3.3 <u>No Additional Consents Required</u>. To the best knowledge of the Seller upon reasonable inquiry, no consent, approval, authorization, order, filing, registration, license or qualification of or with any U.S., Korean or other court, arbitrator or governmental or regulatory authority, agency or body that has not already been obtained is required for the execution, delivery and performance by the Seller of each of the Transaction Documents, the sale and delivery of the Common Membership Interests and performance and compliance by the Seller with the terms thereof and the consummation of the Transactions, other than those that have been received as of the date of this Agreement.

3.4 <u>No Conflicts</u>. The entry by the Seller into the Transaction Documents and the closing or effecting the Transactions will not violate or breach or conflict with (a) the constituent documents of the Seller, (b) any judgment, order, decree or other similar item by any applicable U.S. or non-U.S. court or governmental or regulatory authority, (c) any applicable U.S., Korean or other non-U.S. law, statute or regulation, including the FISCMA, and any other statute or regulation of the FSS and (d) any material agreement of the Seller.

3.5 <u>Securities Laws Compliance</u>. The offer and sale of the Common Membership Interests is outside only the United States to non "U.S persons" (as defined in Regulation S of the U.S. Securities Act) in offshore transactions in reliance on Regulation S of the U.S. Securities Act, and/or to institutional accredited investors pursuant to Rule 144A of the U.S. Securities Act. The offer and sale of the Common Membership Interests is being made in compliance with the U.S. Securities Act, any applicable securities laws of the states of the United States and any applicable securities laws of Korea.

3.6 <u>Ownership</u>. The Seller has full title of the Common Membership Interests being sold to the Purchaser, without any lien or other encumbrance upon them.

3.7 <u>Company's Ownership of Bloom Shares</u>. The Company has full title of 13,491,701 shares of Class A Common Stock of Bloom without any lien, encumbrance, or other restriction, or any concern thereof upon them that may limit any disposal of the Shares except the restrictions set forth in the definitive agreements entered into between the Seller and Bloom.

**Section 4 <u>Representations, Warranties and Agreements of Purchaser and PEF</u>**.

The Purchaser hereby makes the representations, warranties and agreements set forth below in this Section to the Company and the Seller as of the date of this Agreement and as of the applicable Closing Date. The PEF hereby makes the representations, warranties and agreements in Sections 4.1 through 4.6 and Section 4.13 to the Company and the Seller as of the date of this Agreement and as of the applicable Closing Date:

4.1 <u>Due Authorization</u>. Each of the Purchaser and the PEF, as the case may be, has full right, power and authority to execute and deliver each of the Transaction Documents and to perform its obligations hereunder and thereunder, as the case may be; and all action required to be taken for the due and proper authorization, execution and delivery of each of the Transaction Documents and the consummation of the transactions contemplated thereby has been duly and validly taken by each of the Purchaser and the PEF, as the case may be.

4.2 <u>Securities Purchase Agreement, LLC Agreement and Members Agreement</u>. Each of this Agreement, LLC Agreement and the Members Agreement has been duly authorized, executed and delivered by the Purchaser and the PEF and constitutes a valid and binding agreement of such parties, enforceable in accordance with its terms, except as (a) the enforcement hereof and thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles, (b) rights to indemnification and contribution hereunder may be limited by applicable law and public policy considerations and (c) the enforcement hereof and thereof may be limited by the implied covenant of good faith and fair dealing.

4.3 <u>No Additional Consents Required</u>. To the best knowledge of the Purchaser and the PEF upon reasonable inquiry, no consent, approval, authorization, order, filing, registration, license or qualification of or with any U.S., Korean or other court, arbitrator or governmental or regulatory authority, agency or body that has not already been obtained is required for the execution, delivery and performance by the Purchaser or the PEF, as the case may be, of each of the Transaction Documents, the sale and delivery of the Common Membership Interests and compliance and performance by each of the Purchaser and the PEF, as the case may be, with the terms thereof and the consummation of the transactions contemplated by the Transaction Documents, except for such consents, approvals, authorizations, orders, filings, registrations, licenses or qualifications the parties hereto agreed to be obtained as required under the U.S. Securities Act and applicable state securities laws as well as for the approval by the Korea Fair Trade Commission of the Purchaser's application for business combination in respect of the Transactions pursuant to the Korean Monopoly Regulation and Fair Trade Act and other than those that have been received as of the date of this Agreement.

4.4 <u>No Conflicts</u>. The entry by each of the Purchaser and the PEF into the Transaction Documents and the closing or effecting of the Transactions, as the case may be, will not violate or breach or conflict with (a) any judgment, order, decree or other similar item by any applicable U.S. or non-U.S. court or governmental or regulatory authority, (b) any applicable U.S., Korean or other non-U.S. law, statute or regulation, including the FISCMA, and any other statute or regulation of the FSS and (c) any material agreements of the Purchaser or the PEF. There is no litigation, investigation or other proceeding pending or, to the best knowledge of the Purchaser and the PEF, threatened against such party or any of its affiliates which, if adversely determined, would adversely affect the party's ability to perform its obligations under this Agreement, the LLC Agreement, the Members Agreement, or the other Transaction Documents, as the case may be.

4.5 <u>Securities Law Compliance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the best knowledge of the Purchaser and the PEF upon reasonable inquiry on behalf of itself and the LPs (all such parties, collectively, the "***Rep Parties***"), each Rep Party:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is (i) not a "U.S. person" (within the meaning of Regulation S), is purchasing the Common Membership Interests as part of an offshore transaction (within the meaning of Regulation S) and, in connection with the offer and sale of the Common Membership Interests, there have not been any "directed selling efforts" (within the meaning of Regulation S) or (B) a "qualified institutional buyer" (as defined under Rule 144A of the U.S. Securities Act);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) does not have any office or operation in the United States, including with which to make the investment in the Common Membership Interests or similar investments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) acknowledges that the Common Membership Interests have not been registered under the U.S. Securities Act and may not be reoffered or resold within the United States or to, or for the account or benefit of, U.S. persons, except in accordance with Rule 144A of the Securities Act or Regulation S (which restricts any such transfer for a period of one year from the applicable Closing Date) or pursuant to another exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) acknowledges that the Common Membership Interests (A) may be subject to restriction on transfer outside the United States, according to the laws and regulations of any such countries, (B) are subject to restrictions on transfer pursuant to U.S. federal and state securities laws and the LLC Agreement and (C) will acknowledges that the certificates representing the Common Membership Interests will carry a legend to the effect of clauses (A) and (B) of this paragraph;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) does not own or have any "beneficial ownership" (as defined in the United States Securities Exchange Act of 1934, as amended) in, directly or indirectly, any shares of Class A Common Stock or Class B Common Stock of Bloom, other than those to be purchased hereunder, and will not purchase any such shares, directly or indirectly, without prior disclosure to the Seller and the receipt of any applicable prior governmental or regulatory approvals in connection with such purchase or planned or intended purchase;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) (A) is an institutional investor, with experience and expertise in making investments similar to the one represented by the Common Membership Interests and the Class A Common Stock of Bloom; (B) has reviewed the filings by Bloom with the SEC, the website of Bloom and other announcements or press releases of Bloom sufficient to make an informed investment decision regarding an investment in the Common Membership Interests and the Class A Common Stock of Bloom; and (C) has had the opportunity to ask due diligence questions of Bloom and receive answers to these questions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) acknowledges and agrees that (A) the only written materials any of them has received from the Seller is publicly available information regarding Bloom, such as Bloom's filings with the SEC, for which each such Rep Party acknowledges and agrees that the Seller is not responsible with respect to the accuracy, completeness or truthfulness of any such materials; (B) is not relying on the Seller for any due diligence or other information with which to evaluate an investment in the Common Membership Interests or the Class A Common Stock of Bloom; and (C) has its own legal, financial, accounting and tax advisors as it deems advisable to make the investment represented by purchasing the Common Membership Interests,

 

*provided that*, the Parties have the understanding that references in this clause (a) to Common Membership Interests includes the Redeemable Convertible Preferred Membership Interests into which the purchased Common Membership Interests will be exchanged pursuant to the LLC Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Qualified Purchaser Status</u>. To the best knowledge of the Purchaser and the PEF upon reasonable inquiry, each Rep Party is a "qualified purchaser" (as defined in Section 2(a)(51) of the U.S. Investment Company Act). If the Rep Party is not a "qualified purchaser", it is wholly owned by an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization, trust, association or other entity ("***Person***" and collectively, "***Persons***") that is a qualified purchaser and has adopted policies and procedures, including the implementation of binding contractual obligations designed to prevent ownership by Persons that are not "qualified purchasers."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Investment Adviser Status</u>. To the best knowledge of the Purchaser and the PEF upon reasonable inquiry, each Rep Party is not an "investment adviser" required to register with the SEC under the United States Investment Advisers Act of 1940, as amended. Each Rep Party has not and will not hold itself out as managing the investment of the Company, either directly or indirectly, or otherwise as engaging in activities of an "investment adviser."

4.6 <u>U.S. Federal Power Act Compliance</u>. To the best knowledge of the Purchaser and the PEF upon reasonable inquiry:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Rep Party has provided true and accurate information in its response to the Investor Questionnaire collated by the Purchaser and submitted to the Seller relating to its compliance with the U.S. Federal Power Act in relation to its entering into the Transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) None of the Rep Parties, individually or on a combined basis with its affiliates or its limited partners (collectively referred to as a "***FERC Investor***") directly or indirectly, (i) presently owns interests, equity or capital stock of Bloom that when combined with the interests to be held by Company may meet or exceed 10% of Bloom's shares, operates Bloom, or has designation rights regarding the Board of Directors of Bloom; (ii) owns 10% or more of the voting securities of any company or entity that owns or operates any entities, companies or assets the business of which is the generation, sale, transmission or distribution of electric energy within the United States (any such company, entity or assets, collectively, a "***Utility Business***") or (iii) otherwise has Board designation rights relating to or control of any Utility Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No FERC Investor that owns or will own, directly or indirectly, 10% or more of the voting securities in the Company or that otherwise has indicia of control over the Company, owns a 10% or greater interest in equity or capital stock of a Utility Business or holds the right to appoint a seat on a Utility Business's board of directors or equivalent governing body.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The FERC Investor covenants to the Company that, to the extent it holds a 10% or greater interest in or has other indicia or evidence of control over the Company, it will refrain from acquiring, directly or indirectly, any "controlling interests" in any Utility Business without prior written notice to the Company so as to ensure that until all required regulatory approvals are received and all regulatory obligations of the Company are met.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each Rep Party understands that the meaning given to the terms in this Section 4.6, including those with quotation marks around them in their first usage, is contained in the United States Federal Power Act, or is the meaning given to them by FERC.

4.7 <u>Compliance with United States Hart-Scott-Rodino Antitrust Improvements Act</u>. The Purchaser represents that its acquisition of the Common Membership Interests of the Company will not constitute a "controlling economic interest" of the Company (meaning a "controlling economic interest" within the meaning of the Hart-Scott-Rodino Antitrust Improvements Act of 1974, as amended, which includes, for a non-corporate entity, such as the Company, having the right receive 50% or more of the (i) profits of the Company or (ii) assets upon a sale or dissolution of the Company.

4.8 <u>Bank Holding Company Act Compliance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) None of the Purchaser, their subsidiaries or affiliates is (i) a "bank holding company" as defined under Section 2(a) of the U.S. Bank Holding Company Act of 1956, as amended (the "***BHC Act***"), (ii) treated as a bank holding company for purposes of Section 8 of the International Banking Act of 1978 (the "***IBA***"), or (iii) a foreign bank as defined under the IBA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) None of the Purchaser or their subsidiaries is a "subsidiary" or "affiliate" (as each are defined in Section 2(a) of the BHC Act) of a bank holding company, a company treated as a bank holding company, or a foreign bank, and none of each Rep Party or its subsidiaries is a U.S. branch, agency office, or commercial lending subsidiary of a foreign bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) None of the Purchaser or their subsidiaries is subject to (i) the Volcker Rule under Section 13 of the BHC Act or the regulations of the Board of Governors of the Federal Reserve System (the "***Federal Reserve Board***") promulgated thereunder (12 CFR Part 248), or (ii) any of the investment or activity restrictions under the BHC Act and the Federal Reserve Board's Regulations Y (12 CFR Part 225) and K (12 CFR Part 211).

4.9 <u>No China or Russia Affiliations</u>. To the best knowledge of the Purchaser and the PEF upon reasonable inquiry on behalf of itself and the LPs, each of the Purchaser and the LPs is not a citizen or national of The People's Republic China (including Hong Kong) or Russia, nor are any of its senior officers (including its chief executive officer, president, chief financial officer, chief operating officer or similar or other senior officers) or members of its board of directors or an equivalent governing body are citizens or nationals of these countries. No direct, intermediate or ultimate parent of the Purchaser is incorporated or exist under the laws of The People's Republic of China (including Hong Kong) or Russia.

4.10 <u>No Unlawful Contributions or Other Payments</u>. None of the Purchaser, nor any of its subsidiaries nor, to the knowledge of the Purchaser any director, officer, agent, employee, affiliate or other Person associated with or acting on behalf of the Purchaser or any of its subsidiaries has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government or regulatory official or employee; (iii) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment; or (iv) violated or is in violation of any provision of (w) the United States Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder, (x) any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or (y) any other applicable anti-bribery or anti-corruption statute or regulation. The Purchaser and its subsidiaries have instituted and maintain and enforce policies and procedures designed to promote and ensure compliance with all applicable anti-bribery and anti-corruption laws.

4.11 <u>Compliance with Anti-Money Laundering Laws</u>. The operations of the Purchaser and its subsidiaries are and have been conducted at all times in material compliance with all applicable financial recordkeeping and reporting requirements, including those of the United States Currency and Foreign Transactions Reporting Act of 1970, as amended, the applicable anti-money laundering statutes of all jurisdictions where the Purchaser or any of its subsidiaries conduct business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency (collectively, the "***Anti-Money Laundering Laws***"); and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Purchaser or any of its subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Purchaser, threatened.

4.12 <u>Compliance with OFAC</u>. None of the Purchaser nor any of their subsidiaries nor, to the knowledge of the Purchaser, any director, officer, agent, employee or affiliate of the Purchaser or any of its subsidiaries is a Person that is, or is owned or controlled by a Person that is, currently the subject or target of any sanctions administered or enforced by the U.S. government (including, without limitation, the Office of Foreign Assets Control of the U.S. Treasury Department or the U.S. Department of State and including, without limitation, the designation as a "specially designated national" or "blocked person"), the United Nations Security Council, the European Union, Her Majesty's Treasury, or other relevant sanctions authority, nor is the Purchaser or any of its subsidiaries located, organized or resident in a country or territory that is the subject or the target of such sanctions, including, without limitation, Crimea, Cuba, Iran, North Korea, Russia and Syria.

4.13 <u>Status as a Restricted SPV Investor</u>. Each Rep Party is not a "Restricted SPV Investor" (as defined in the Securities Purchase Agreement dated as of October 23, 2021 between the Seller and Bloom) whose investment in the Company may result in a violation of any agreement entered into between the Seller and Bloom.

4.14 <u>Covenants to Disclose Any Change in Material Facts and Further Cooperate</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Purchaser or the PEF shall find out any facts or situation that provides it with knowledge of any development or material change in their representations and warranties set forth in this Section 4 of this Agreement that would cause any of them or the Seller to be in violation of any applicable U.S. law or regulation in connection with the Transactions, such Party shall notify the Seller as promptly as possible of any such facts or situation, with a reasonably detailed description thereof to the best knowledge of the Purchaser upon reasonable inquiry in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At the request of the Company or the Seller, but without any reporting or diligence obligation on a regular basis, the Purchaser covenants to use its best efforts to disclose to the Company any material change in any of their representations and warranties as set forth in Section 4 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Purchaser acknowledges and agrees that references have been made herein to certain lists and definitions adopted or published by applicable U.S. governmental or regulatory authorities for the convenience of the Purchaser and that because these lists and definitions are subject to change from time to time, it is the responsibility of the Purchaser, at the request of the Company or the Seller with a reasonably detailed description of such change, to make best efforts to ensure that the lists and definitions are current as of the time this Agreement is executed and that each representation made in this Agreement is true and correct as of the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Purchaser covenants to make best efforts to cooperate with the Company upon request by the Seller or the Company in the preparation and filing or submission of any document with any United States federal governmental or regulatory agency or authority (including but not limited to the SEC and FERC) that is advisable or required to be so filed or submitted in connection with the Transactions or Transaction Documents or to otherwise allow the Company to remain in compliance with all applicable U.S., Korean and other laws and regulations, as determined by the Company upon consultation with the Purchaser.

**Section 5 <u>Indemnification</u>**.

5.1 <u>Purchaser Indemnification</u>. Each of the Purchaser and the PEF acknowledges that the Company and the Seller are relying upon each of the Purchaser's and the PEF's representations, warranties, agreements and other information set forth in this Agreement, the Tax Form, the LLC Agreement and the Members Agreement (in the form the Parties agreed upon, with respect to the LLC Agreement and the Members Agreement) in connection with the Company and the Seller entering into the Transaction Documents and effecting the Transactions and their determination as to whether the Transactions comply with applicable laws and regulations. Each of the Purchaser and the PEF agree, to the fullest extent permitted by law, to indemnify and hold harmless the Company, the Seller and each partner, member, director, officer, employee, agent, representative and other affiliate of each of them from and against any and all loss, damage or liability incurred due to or arising out of (a) a breach, violation or material inaccuracy of any representation, warranty, statement or agreement made by the Purchaser or the PEF in the Transaction Documents or Tax Form unless otherwise cured within 20 Business Days from the non-breaching party's written notice of breach to the breaching party and (b) the sale of the Common Membership Interests contemplated hereby attributable to the Purchaser or the PEF, including under U.S. federal securities laws and other applicable laws. This Section shall survive the execution and delivery of the Transaction Documents and the consummation of the Transactions.

5.2 <u>Company and Seller Indemnification</u>. The Company and the Seller acknowledge that the Purchaser and the PEF are relying upon each of the Company's and the Seller's representations, warranties, agreements and other information set forth in this Agreement, the Tax Form, the LLC Agreement and the Members Agreement (in the form the Parties agreed upon, with respect to the LLC Agreement and the Members Agreement) in connection with the Purchaser entering into the Transaction Documents and effecting the Transactions and their determination as to whether the Transactions comply with applicable laws and regulations. The Company and the Seller agree, to the fullest extent permitted by law, to indemnify and hold harmless the Purchaser and the PEF and each partner, member, director, officer, employee, agent, representative and other affiliate of the Purchaser and the PEF from and against any and all loss, damage or liability incurred due to or arising out of (a) a breach, violation or material inaccuracy of any representation, warranty, statement or agreement made by the Company or the Seller in the Transaction Documents or the Tax Form unless otherwise cured within twenty (20) Business Days from the non-breaching party's written notice of breach to the breaching party and (b) the sale of the Common Membership Interests contemplated hereby attributable to the Company or the Seller, including under U.S. federal securities laws and other applicable laws. This Section shall survive the execution and delivery of the Transaction Documents and the consummation of the Transactions.

**Section 6 <u>Termination; Survival</u>.**

6.1 This Agreement shall be effective as of its date and shall terminate upon the earlier of any First Closing Default and April 28, 2023, subject to the survival provisions of Section 6.2 below.

6.2 Sections 5, 6, 7.2, 7.3, 7.4 and 7.7 shall survive the execution and delivery of this Agreement, any investigation at any time made by or on behalf of the Company or the Purchaser, and the sale of Common Membership Interests contemplated hereby.

6.3 Section 4.14 shall continue in effect until the date when the Purchaser ceases to be a Member of the Company.

**Section 7 <u>Miscellaneous</u>.**

7.1 <u>Exclusivity</u>. For the period of time from the date of this Agreement until the First Closing Date or April 28, 2023, if the First Closing has occurred and no First Closing Default occurred (the "***Exclusivity Period***"), (a) the Purchaser shall be entitled to an exclusive right to purchase the Common Membership Interests contemplated by this Agreement, and (b) the Company and the Seller agree not to engage with any third party other than the Purchaser during the Exclusivity Period to sell to any such third party Common Membership Interests or other interests that directly or indirectly result in a transaction that is comparable or seeks to achieve the same result as the Transactions; provided in the case of clauses (a) and (b), that there is no First Closing Default and this Agreement and, if applicable, the LLC Agreement and the Members Agreement are not terminated earlier.

7.2 <u>Governing Law; Dispute Resolutio</u>n. Section 12(b) (Governing Law; Personal Jurisdiction; Venue) of the LLC Agreement is hereby incorporated by reference as if stated herein directly.

7.3 <u>Entire Agreement; Conflicts</u>. This Agreement, the LLC Agreement and Members Agreement contain the entire agreement of the parties with respect the Purchaser's acquisition of Common Membership Interests. Each of the parties hereto agree that in the event of any conflict or inconsistency between the provisions of this Agreement, on the one hand, and the LLC Agreement, on the other hand, the provisions of the LLC Agreement shall control.

7.4 <u>Expenses</u>. Each party hereto will pay its own expenses relating to this Agreement and the purchase of Interests by the Purchaser hereunder.

7.5 <u>Amendments and Waivers</u>. This Agreement may be amended only with the written consent of the Company, the Purchaser, the PEF (with respect to the portions to which it is joining this Agreement) and the Seller. The observance of any provision hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the party against which the waiver is sought to be enforced. Failure of any party hereto to exercise any right or remedy under this Agreement or any of the other Transaction Documents, or otherwise, or delay by any such party in exercising such right or remedy, will not operate as a waiver hereof or thereof.

7.6 <u>Successors and Assigns</u>. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties hereto. The Purchaser may not assign the Purchaser's purchase right or any right or obligation under this Agreement, without the written consent of the Seller.

7.7 <u>Notices</u>. Any notice, election, communication, consent, approval, expression of satisfaction, request or other document or demand required or permitted under this Agreement (collectively, a "***Notice***") shall be in writing and sent by registered or certified mail, return receipt requested, or by recognized overnight courier or electronic mail, with an email to the email address set forth below All Notices are effective the next day, if sent by recognized overnight courier or electronic mail, or five days after deposit in the United States mail, postage prepaid, properly addressed and return receipt requested; provided that any notice to the Company shall be effective only if and when received by the Seller. Email communications are for convenience sake and do not constitute Notices under this Agreement. Either party may change such party's address for receipt of notices and other communications hereunder by a prior notice given to the other party in accordance with this Section. Notices shall initially be addressed as follows:

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| | |
|:---|:---|
| If to the Company, to: | If to the Company, to: |
| Econovation, LLC | Econovation, LLC |
| 19 Yulgok-ro 2-gil | 19 Yulgok-ro 2-gil |
| Jongno-gu 03149 | Jongno-gu 03149 |
| Seoul, Korea | Seoul, Korea |
| Attention: | Yumi Park |
| Email: | yumi.park@sk.com |
| with a copy to: | with a copy to: |
| Arnold Porter Kaye Scholer LLP | Arnold Porter Kaye Scholer LLP |
| 20F, Concordian | 20F, Concordian |
| 76 Saemunan-ro, Jongno-gu | 76 Saemunan-ro, Jongno-gu |
| Seoul, Korea | Seoul, Korea |
| Attention: | Hyung-Soo Kim |
| Email: | Hyungsoo.Kim@arnoldporter.com |
| and | and |
| Arnold & Porter Kaye Scholer LLP | Arnold & Porter Kaye Scholer LLP |
| 250 W 55<sup>th</sup> St | 250 W 55<sup>th</sup> St |
| New York, NY 10019 | New York, NY 10019 |
| Attention: | Alex Gendzier |
| Email: | Alex.Gendzier@arnoldporter.com |

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| | |
|:---|:---|
| If to the Purchaser, to: | If to the Purchaser, to: |
| Blooming Green Energy Limited | Blooming Green Energy Limited |
| 31, Gukjegeumyung-ro (Yeouido-dong, SK Securities Building), Yeongdeungpo-gu | 31, Gukjegeumyung-ro (Yeouido-dong, SK Securities Building), Yeongdeungpo-gu |
| Seoul, Korea | Seoul, Korea |
| Attention: | Taekyun Kim |
| Email: | ryankim@skspe.com |
| If to the PEF to: | If to the PEF to: |
| ESG Blooming Private Equity Fund | ESG Blooming Private Equity Fund |
| 31, Gukjegeumyung-ro (Yeouido-dong, SK Securities Building), Yeongdeungpo-gu | 31, Gukjegeumyung-ro (Yeouido-dong, SK Securities Building), Yeongdeungpo-gu |
| Seoul, Korea | Seoul, Korea |
| Attention: | Taekyun Kim |
| Email: | ryankim@skspe.com |

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7.8 <u>Company Counsel Does Not Represent Purchaser or PEF</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Arnold & Porter Representation</u>. Each of the Purchaser and the PEF understands that the Seller has retained Arnold & Porter Kaye Scholer LLP ("***Arnold & Porter***") as counsel to the Seller and the Company in connection with the Transactions and may retain Arnold & Porter as counsel in connection with the management and operation of the Company, including, without limitation, making, holding or disposing of the Company's investment, or any dispute that may arise between the Purchaser or the PEF, on the one hand, and the Seller and/or the Company on the other hand (the "***Company Legal Matters***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Purchaser and the PEF understands that Arnold & Porter has not and will not represent the Purchaser or the PEF in connection with the formation of the Company, the amendment and restatement of the LLC Agreement, the negotiation between the Seller and SKS PE with respect to the Members Agreement and the LLC Agreement, the offer and sale of Common Membership Interests in the Company and the other Transactions, unless, to the extent permitted under applicable law and applicable rules of professional responsibility, the Seller and such parties otherwise agree and such parties, as the case may be, separately engages Arnold & Porter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each of the Purchaser and the PEF will, if it wishes counsel on any Company Legal Matter, retain its own independent counsel with respect thereto and will pay all fees and expenses of such independent counsel (unless otherwise provided in the Members' Agreement or LLC Agreement, and only to the extent set forth therein) or as otherwise determined by a court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each of the Purchaser and the PEF understands and agrees that: (a) Arnold & Porter's representation of the Company and/or the Seller is limited to those specific matters with respect to which Arnold & Porter has been or will be retained and consulted by such entities; (b) Arnold & Porter's representation of the Company and/or the Seller is not exclusive and other matters (unrelated to the Company Legal Matters) involving the Seller and/or the Company may exist where Arnold & Porter has been or will be retained or consulted and such matters could affect the Seller, the Company, the Company's investment(s)s, and/or their affiliates; (c) Arnold & Porter will not monitor the Company's, the Seller's or their affiliates' compliance with the Members' Agreement, the LLC Agreement or with applicable laws, rules or regulations, unless in any such case, Arnold & Porter has been specifically retained to do so; (d) Arnold & Porter has not investigated or verified the accuracy and completeness of any of the information set forth in any materials regarding the investment represented by the purchase of Common Membership Interests; and (e) Arnold & Porter is not providing any advice, opinion, representation, warranty or other assurance of any kind as to any matter to the Purchaser or the PEF.

7.9 <u>Construction</u>. The section and paragraph headings used in this Agreement are intended solely for convenience of reference and shall be disregarded in interpreting its provisions. In each place where they are used in this Agreement, the terms "include" and "including" are intended and shall be construed to mean "include, without limitation" and "including, without limitation", unless a contrary intent is clearly indicated in the context.

7.10 <u>Severability</u>. If any particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.

7.11 <u>Counterparts; Electronic Signatures</u>. This Agreement may be executed and delivered in multiple counterparts, all of which together shall constitute one and the same agreement and instrument, with the same force and effect as though each of the signers had signed a single signature page. Any party's execution and delivery of this Agreement by electronic signature and electronic transmission (jointly, an "***Electronic Signature***"), including via Docusign or other similar method, shall constitute the execution and delivery of a counterpart of this Agreement by or on behalf of such party and shall bind such party to the terms of this Agreement.

7.12 <u>Mutual Covenants.</u> By entering into this Agreement, each party hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) agrees to negotiate in good faith to finalize the terms of the LLC Agreement and the Members Agreement and, in any event, to finalize the forms of these agreements by March 17, 2023;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) commits to comply with the terms of the LLC Agreement and the Members Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) acknowledges and agrees that whenever a Party makes a representation and warranty, based on its "knowledge," such term "***knowledge***" is based on an objective rather than a subjective standard regarding what a reasonable person would know and conclude, after reasonable inquiry, in light of the context of this Agreement and the Transactions and what is material to the Seller or the Purchaser in these regards as the case may be, provided that this Section 7.12(c) shall not apply to Section 4.14 of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "***Business Day***" means any day that commercial banks in the United States and Korea are open for business.

 ****

The undersigned has caused the due execution and delivery of this Agreement as of the date first indicated.

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| | |
|:---|:---|
| Econovation, LLC | Econovation, LLC |
| By: | SK ecoplant Co., Ltd., as the Manager |
| By: | */s/ Seongjun Bae* |
| Name & Title: Seongjun Bae, Representative | Name & Title: Seongjun Bae, Representative |
| Date: | March 9, 2023 |
| SK ecoplant Co., Ltd. | SK ecoplant Co., Ltd. |
| By: | */s/ Kyung-il Park* |
| Name & Title: Kyung-il Park, CEO | Name & Title: Kyung-il Park, CEO |
| Date: | March 9, 2023 |

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[*signature page to the Securities Purchase Agreement]*

The undersigned has caused the due execution and delivery of this Agreement as of the date first indicated.

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| | |
|:---|:---|
| Blooming Green Energy Limited | Blooming Green Energy Limited |
| By: | */s/ Jucheol Kim* |
| Name & Title: Jucheol Kim, Director | Name & Title: Jucheol Kim, Director |
| Date: | March 9, 2023 |
| ESG Blooming Private Equity Fund | ESG Blooming Private Equity Fund |
| By: | SKS Private Equity Co., Ltd., as a General Partner |
| By: | */s/ Shi Hwa Yoo* |
| Name & Title: Shi Hwa Yoo, Representative Director | Name & Title: Shi Hwa Yoo, Representative Director |
| Date: | March 9, 2023 |

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[*signature page to the Securities Purchase Agreement]* 

**<u>EXHIBIT 1<br>TAX FORM</u>**

All Investors are required to submit appropriate tax forms.

**Form W-8**

An Investor that is not a U.S. person must provide the Company with the information on the appropriate series Form W-8. Both individual and entity Investors that are non-U.S. persons should complete and sign the appropriate Form W-8 and return it to the Seller. The Investor does not need to file its Form W-8 with the IRS. Please consult the Investor's tax advisor to determine which one of the applicable series Form W-8 is appropriate for the Investor. The most current versions of such forms are located at the following websites:

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| | |
|:---|:---|
| **Series Form W-8** | **Website** |
| Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)) | https://www.irs.gov/pub/irs-pdf/fw8ben.pdf |
| Form W-8BEN-E (Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)) | https://www.irs.gov/pub/irs-pdf/fw8bene.pdf |
| Form W-8ECI (Certificate of Foreign Person's Claim That Income is Effectively Connected With the Conduct of a Trade or Business in the United States) | https://www.irs.gov/pub/irs-pdf/fw8eci.pdf |
| Form W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding) | https://www.irs.gov/pub/irs-pdf/fw8imy.pdf |
| Form W-8EXP (Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding) | https://www.irs.gov/pub/irs-pdf/fw8exp.pdf |

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## Ex-99.N

**Exhibit N**

**JOINT FILING AGREEMENT**

This Joint Filing Agreement (this "*Agreement*") is being entered into as March 10, 2023, between SK ecoplant Co., Ltd. ("*SK*"), Econovation, LLC, and Blooming Green Energy Limited.

The parties to this Agreement (the "*Parties*") hereby agree that, in connection with the joint filing of an amendment to the Schedule 13D (the "*Schedule 13D/A*") of SK, the Schedule 13D/A regarding the Class A Common Stock of Bloom Energy Corporation is filed on behalf of each of the Parties and that any subsequent amendments to this statement on Schedule 13D/A may be filed on behalf of each of the undersigned without the necessity of entering into and filing any additional joint filing agreements. The Parties acknowledge that each shall be responsible for the timely filing of such amendments and for the completeness and accuracy of the information concerning it contained herein or therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate.

The parties hereto have executed this Agreement as of the date first set forth above.

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| | | |
|:---|:---|:---|
| SK ecoplant Co., Ltd. | SK ecoplant Co., Ltd. | SK ecoplant Co., Ltd. |
| By: | /*s/ Wangjae (Justin) Lee* | /*s/ Wangjae (Justin) Lee* |
|  | Name: | Wangjae (Justin) Lee |
|  | Title: | Managing Director of Eco Energy BU |

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| | | |
|:---|:---|:---|
| Econovation, LLC | Econovation, LLC | Econovation, LLC |
| By: | SK ecoplant Co., Ltd., as sole Member and Manager | SK ecoplant Co., Ltd., as sole Member and Manager |
| By: | /*s/ Seongjun Bae* | /*s/ Seongjun Bae* |
|  | Name: | Seongjun Bae |
|  | Title: | Representative |

---

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| | | |
|:---|:---|:---|
| Blooming Green Energy Limited | Blooming Green Energy Limited | Blooming Green Energy Limited |
| By: | /*s/ Jucheol Kim* | /*s/ Jucheol Kim* |
|  | Name: | Jucheol Kim |
|  | Title: | Director |

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