Document:

EX-10.24

 Exhibit 10.24 

CONFIDENTIAL 
 [***] Certain confidential
information contained in this document, marked by brackets, has been omitted and filed separately with the securities and exchange commission pursuant to rule 406 of the securities act of 1933, as amended. 

AMENDMENT NO. 1 TO 

FIRST AMENDED AND RESTATED PURCHASE, USE AND MAINTENANCE AGREEMENT 

This AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED PURCHASE, USE AND MAINTENANCE AGREEMENT (this “Amendment”), is entered
into effective as of September 11, 2017 (“Effective Date”) by and between BLOOM ENERGY CORPORATION, a Delaware corporation (“Seller”), and 2016 ESA PROJECT COMPANY, LLC, a Delaware limited liability company
(“Buyer,” and together with Seller, the “Parties”). Capitalized terms used and not otherwise defined herein have the meanings given to them in the PUMA (as defined below). All Section, annex and exhibit references,
unless otherwise indicated, shall be references to Sections, annexes and exhibits of the PUMA and the rules of interpretation set forth in the PUMA apply as if set forth herein. 

RECITALS 
 WHEREAS,
reference is hereby made to that certain Purchase, Use and Maintenance Agreement, dated as of October 24, 2016, by and between Buyer and Seller, as amended by (a) that certain Amendment No. 1 dated as of February 15, 2017, and
(b) that certain Amendment No. 2 dated as of April 28, 2017 (the “Original PUMA”); 
 WHEREAS,
reference is hereby made to that certain First Amended and Restated Purchase, Use and Maintenance Agreement, dated as of June 26, 2017, which amended and restated in its entirety the Original PUMA (the “A&R PUMA”); and 

WHEREAS, Buyer and Seller wish to amend the A&R PUMA to update the list of PPAs subject to the A&R PUMA and to make certain
other changes to the A&R PUMA, as further set forth herein. 
 NOW, THEREFORE, in consideration of the mutual promises and
covenants set forth herein, and for other consideration, the receipt and adequacy of which is hereby acknowledged, the Parties hereto hereby agree as follows: 

AGREEMENT 

Section 1. Amendments to the A&R PUMA. 

(a)    Annex D to the A&R PUMA is hereby amended and restated in its entirety to read as set forth on Attachment
1 attached hereto. 
 Section 2. No Other Changes or Waivers. Except as expressly provided or contemplated by this
Amendment, all of the terms, conditions and provisions of the A&R PUMA remain unaltered and in full force and effect. Except as specifically provided herein, the execution, delivery and performance of this Amendment shall not be deemed as a
waiver of any other matters or any future matters. The A&R PUMA and this Amendment shall be read and construed as one instrument. 

 CONFIDENTIAL 

Section 3.    Headings. The Section headings contained in this Amendment are solely for
the purpose of reference, are not part of the agreement of the Parties and shall not in any way affect the meaning or interpretation of this Amendment. 

Section 4.    Governing Law; Jurisdiction; Venue. THIS AMENDMENT SHALL BE GOVERNED BY AND
INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAW OR OTHER PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). THE PARTIES HEREBY IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE
SOUTHERN DISTRICT OF NEW YORK WITH RESPECT TO ANY DISPUTE ARISING OUT OF OR RELATING TO THIS AMENDMENT. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING RELATING TO ANY SUCH DISPUTE AND FOR ANY
COUNTERCLAIM WITH RESPECT THERETO. 
 Section 5.    Severability. If any term or other
provision of this Amendment is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Amendment shall nevertheless remain in full force and effect so long as the economic or
legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. 

Section 6.    Counterparts. This Amendment may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Signatures delivered by facsimile (or portable document format) will be considered original signatures, and each Party shall
thereafter promptly deliver original signatures to the other Party. 
 [The remainder of this page intentionally left blank] 

  
 2 

 CONFIDENTIAL 

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective officers thereunto duly authorized as of the
Effective Date. 
  

			
	BLOOM ENERGY CORPORATION
		
	By:	 	 /s/ Randy Furr

	Name:	 	Randy Furr
	Title:	 	Chief Executive Officer

  

			
	2016 ESA PROJECT COMPANY, LLC
		
	By:	 	 /s/ Eric Dupont

	Name:	 	Eric Dupont
	Title:	 	Vice President, CFO, Treasurer & Secretary

 SIGNATURE PAGE TO AMENDMENT
NO. 1 TO A&R PUMA 

 CONFIDENTIAL 

ATTACHMENT 1 
 List of
PPAs 
 Updated as of: September     , 2017 

 

	 	1.	That certain Energy Server Use and License Agreement, dated as of September 17, 2015, by and between Home Depot U.S.A., Inc. and Buyer (the “Home Depot PPA”). 

 

	 	2.	That certain Master Fuel Cell Energy Services Agreement, Contract Number 17012, dated as of June 30, 2016, by and among, Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., and Buyer.

  

	 	3.	That certain Master Fuel Cell Energy, Services Agreement, Contract Number 17013, dated as of June 30, 2016, by and among Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., and Buyer.

  

	 	4.	That certain Energy Server Use Agreement, dated as of September 27, 2016, by and between FedEx Ground Package System, Inc. and Buyer (the “FedEx PPA”). 

 

	 	5.	That certain Energy Server Use and License Agreement, dated as of September 30, 2016, by and between [***] and Buyer. 

  

	 	6.	That certain Energy Server Use and License Agreement, dated as of February 15, 2017, by and between Home Depot U.S.A., Inc. and Buyer. 

 

	 	7.	That certain Energy Server Use and License Agreement, dated as of March 14, 2017, by and between San Diego Community College District and Buyer. 

 

	 	8.	That certain Energy System Use Agreement, dated as of March 24, 2017, by and between AT&T Corp. and Buyer (the “AT&T PPA”). 

 

	 	9.	That certain Energy Server Use and License Agreement, dated as of May 31, 2017, by and between Equinix, Inc. and Buyer (the “Equinix PPA”). 

 

	 	10.	That certain Energy Server Use and License Agreement, dated as of August 30, 2017, by and between Intel Corporation and 2017 ESA Project Company, LLC, as assigned to Buyer pursuant to that certain Assignment and
Assumption Agreement, dated as of September 11, 2017, by and between 2017 ESA Project Company, LLC and Buyer. 

 [***] Confidential
Treatment Requested 
 ATTACHMENT 1EX-10.25

 Exhibit 10.25 

AMENDMENT NO. 1 

DEPOSITARY AGREEMENT 
 This
AMENDMENT NO. 1 TO DEPOSITARY AGREEMENT (this “Amendment”), is entered into effective as of March 21, 2017 by and among Diamond State Generation Partners, LLC, a Delaware limited liability company (the
“Company”), Deutsche Bank Trust Company Americas, as Depositary (“Depositary”), and Deutsche Bank Trust Company America, as Collateral Agent (“Collateral Agent”). Capitalized terms used and not
otherwise defined herein have the meanings given to them in the Depositary Agreement (as defined below). All Section references, unless otherwise indicated, shall be references to Sections of the Depositary Agreement and the rules of interpretation
set forth in the Depositary Agreement apply as if set forth herein. 
 RECITALS 

WHEREAS, reference is hereby made to that certain Depositary Agreement, dated as of March 20, 2013, by and among the Company,
Depositary, and Collateral Agent (the “Depositary Agreement”); and 
 WHEREAS, the Company wishes to hereby amend
the Depositary Agreement, in accordance with Section 6.4 of the Depositary Agreement, by amending Section 3.3.2(c)(8) of the Depositary Agreement; 

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, and for other consideration, the receipt and
adequacy of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 AGREEMENT 

Section 1. Amendment to the Depositary. Section 3.3.2(c)(8) is hereby amended and restated in its entirety to read as
follows: 
 (8) If, as of any Repayment Date, the Distribution Conditions have been satisfied, to the account directed by the
Company in the Account Withdrawal Request, free of the Liens of the Collateral Documents, and if the Distribution Conditions have not been satisfied, to the Distribution Suspense Account, in each case such transfer to occur within one
(1) Business Day of the applicable Repayment Date. 
 Section 2. Effective Date. This Amendment has been duly executed
by the Company. This Amendment shall be effective upon the receipt by, or on behalf of, the Company of duly executed counterparts of this Amendment signed by the Depositary and the Collateral Agent (the “Effective Date”). 

Section 3. No Other Changes or Waivers. Except as expressly provided or contemplated by this Amendment, all of the terms,
conditions and provisions of the Depositary Agreement remain unaltered and in full force and effect. Except as specifically provided herein, the execution, delivery and performance of this Amendment shall not be deemed as a waiver of any other
matters or any future matters. The Depositary Agreement and this Amendment shall be read and construed as one instrument. 

  
 1 

 Section 4. Headings. Article and Section headings have been inserted in this
Amendment as a matter of convenience for reference only and it is agreed that such Article and Section headings are not a part of this Amendment and shall not be used in the interpretation of any provision of this Amendment. 

Section 5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED UNDER, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REFERENCE TO CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 AND SECTION 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), EXCEPT AS REQUIRED BY MANDATORY PROVISIONS OF LAW
AND EXCEPT TO THE EXTENT THAT THE VALIDITY OR PERFECTION OF THE LIEN AND SECURITY INTEREST HEREUNDER, OR REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR ACCOUNT ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK. REGARDLESS
OF ANY PROVISION IN ANY OTHER AGREEMENT, FOR PURPOSES OF THE UCC, THE “SECURITIES INTERMEDIARY’S JURISDICTION” OF DEPOSITARY WITH RESPECT TO THE ACCOUNTS IS THE STATE OF NEW YORK. 

Section 6. Severability. Any provision of this Amendment that is invalid, illegal, prohibited or unenforceable in any respect
in any jurisdiction, shall as to such jurisdiction be ineffective to the extent of such invalidity, illegality, prohibition or unenforceability without affecting, invalidating or impairing the validity, legality and enforceability of the remaining
provisions hereof; and any such invalidity, illegality, prohibition or unenforceability in any jurisdiction shall not affect, invalidate or impair such provision in any other jurisdiction. 

Section 7. Counterparts. This Amendment and any amendments, waivers, consents or supplements hereto or in connection herewith
may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute one and the same
instrument. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. 

[The remainder of this page intentionally left blank] 

  
 2 

 If you are in agreement with the foregoing, please sign the form of agreement on a counterpart of
this Amendment and return it to the Company, whereupon this Amendment shall become a binding agreement between you and the Company. 
  

			
	Very truly yours,
	
	DIAMOND STATE GENERATION PARTNERS, LLC
		
	By	 	 /s/  Bill Brockenborough

	Name: Bill Brockenborough
	Title:   President

  
 Signature Page to
Amendment No. 1 to Depository Agreement 

 This Amendment is hereby accepted and agreed to as of the date hereof. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	
	as the Depositary
	
	By: Deutsche National Trust Company
		
	By:	 	 /s/ Doris Yang

	Name: Doris Yang
	Title:   Assistant Vice President
		
	By:	 	 /s/ David McGuire

	Name: David McGuire
	Title:   Assistant Vice President
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	
	as the Collateral Agent
	
	By: Deutsche Bank National Trust Company
		
	By:	 	 /s/ Doris Yang

	Name: Doris Yang
	Title:   Assistant Vice President
		
	By:	 	 /s/ David McGuire

	Name: David McGuire
	Title:   Assistant Vice President

  

  
 Signature Page to
Amendment No. 1 to Depository Agreement

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