Document:

Exhibit 10.63

Exhibit
10.63

INTRACREDITOR SUBORDINATION AND CONFIRMATION AGREEMENT

This INTRACREDITOR SUBORDINATION AND CONFIRMATION AGREEMENT (this “Agreement”) is made
and effective as of the 4th day of January, 2011, by JPMorgan Chase Bank, N.A. (“Lender”),
and is acknowledged by the Person identified as Borrower (“Borrower”) on the signature page
hereof.

WHEREAS, pursuant to that certain Export Loan Agreement of even date herewith by and between
Borrower and Lender (said Agreement, as it may be amended, modified, renewed and extended, the
“Export Loan Agreement”), Lender extended to Borrower a pre-export working capital credit
facility (said credit facility, as it may be amended, modified, renewed and extended, the
“Export Loan”) to finance the cost of manufacturing, producing, purchasing and selling of
Borrower’s finished goods and services which are intended for export (“Export Purpose”);

WHEREAS, the Export Loan and Borrower’s Obligations related thereto (collectively,
“Borrower’s Export Obligations”) are secured by Liens in and upon Collateral in favor of
Lender created and granted by the Financing Documents, including without limitation the security
interest created by the Security Agreement of even date herewith executed by Borrower in favor of
Lender, as secured party (said agreement, as it may be amended, modified, renewed and extended, the
“Security Agreement”);

WHEREAS, the Collateral includes, but is not limited to, Export-Related Collateral;

WHEREAS, the Export Loan has been made pursuant to Lender’s delegated authority from Ex-Im
Bank, and it is intended that Borrower’s Export Obligations be guaranteed by Ex-Im Bank pursuant to
the Ex-Im Bank Guarantee;

WHEREAS, to satisfy Ex-Im Bank’s requirement that Borrower’s Export Obligations be secured by
a first priority Lien (subject only to Permitted Liens) in Borrower’s Export-Related Collateral,
Lender desires to subordinate its Liens in Borrower’s Export-Related Collateral, to the extent they
secure Other Indebtedness, to Lender’s Liens in Borrower’s Export-Related Collateral securing
Borrower’s Export Obligations; and

WHEREAS, to satisfy Ex-Im Bank’s requirement that Borrower’s Export Obligations be secured by
a junior Lien in and upon Collateral other than Export-Related Collateral (such Collateral other
than Export-Related Collateral, the “Other Collateral”), Lender desires to confirm that its
Liens in and upon the Other Collateral secure Borrower’s Export Obligations but that such Liens are
subject and inferior to Lender’s Liens in and upon the Other Collateral securing Other
Indebtedness.

NOW, THEREFORE, in consideration of the premises, Lender hereby agrees, confirms and certifies
as follows:

1. Subordination Agreement. Lender’s Liens in and upon the Export-Related Collateral, to
the extent they secure Other Indebtedness, are and shall hereafter be and remain subject, junior
and subordinate to Lender’s Liens in and upon such Export-Related Collateral securing Borrower’s
Export Obligations.

 

 

 

2. Confirmation. Except as provided in Section 5 hereof, Lender’s Liens in and upon Other
Collateral secure Borrower’s Export Obligations and are and shall hereafter be and remain subject,
junior and subordinate to Lender’s Liens in and upon such Other Collateral to the extent they
secure Other Indebtedness.

3. Remedies. Notwithstanding the subordinations and priorities provided herein, Lender’s
Liens in and upon the Collateral shall secure Borrower’s Export Obligations and Other Indebtedness
to the full extent provided for in the Financing Documents, including without limitation the
Security Agreement. The exercise by Lender of any rights or remedies under the Financing Documents
in connection with a default in the payment or performance of either (a) Borrower’s Export
Obligations or (b) Other Indebtedness shall not limit or impair Lender’s rights or remedies under
the Financing Documents with respect to a default in the payment or performance of Borrower’s other
obligations to Lender. Without limiting the generality of the foregoing, in the event Lender
sells, leases, transfers, or otherwise disposes of any Collateral or Proceeds thereof pursuant to
the Financing Documents, including without limitation the Security Agreement, to satisfy either (i)
Borrower’s Export Obligations or (ii) Other Indebtedness and, after application of all amounts
received from the exercise of Lender’s rights provided in the Financing Documents and in accordance
with the subordinations and priorities hereby effected, there remains outstanding any of Borrower’s
Export Obligations or Other Indebtedness, Lender shall continue to have and hold all rights and
remedies provided for under the Financing Documents (including, without limitation, the right to
sell, lease, transfer or otherwise dispose of any other Collateral or Proceeds thereof) in
satisfaction of all outstanding obligations secured by such Collateral to Lender prior to any
rights of Borrower or any other Person in or to any such Collateral or Proceeds.

4. Extent of Subordination Agreement. The subordinations and priorities specified herein
shall remain in full force and effect, regardless of whether Lender rescinds, amends, waives any
provision of, terminates or reforms, by litigation or otherwise, any of the Financing Documents,
including without limitation the Security Agreement, in connection with Borrower’s Export
Obligations or Other Indebtedness. No delay or waiver on the part of Lender in exercising any
right, power or privilege granted under the Export Loan Agreement or any other Financing Document
shall have any effect on the subordinations and priorities specified herein.

5. [RESERVED].

6. Term. This Agreement will be for a term beginning on the effective date hereof and
continuing through the payment and performance in full of all of Borrower’s Export Obligations.

7. Amendment. This Agreement shall not be amended except in writing by Lender and
acknowledged by Borrower.

 

-2-

 

8. Successors and Assigns. This Agreement shall be binding upon Lender and each
acknowledgment party and their respective successors and assigns. References herein to any Person
shall be deemed to refer to such entity and its successors and assigns.

9. Definitions. All capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Export Loan Agreement.

[Remainder of page intentionally left blank]

 

-3-

 

IN WITNESS WHEREOF, this Agreement has been duly authorized and executed by Lender and duly
authorized and acknowledged by each acknowledgment party as of the date first above written.

	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A.	 	 
	 
	 	 	 	 
	By:
	 	/s/ James P. Murphy 	 	 
	Name:

	 	James P. Murphy 
	 	 
	Title:

	 	Authorized Signer
	 	 
	 
	 	 	 	 
	JPMORGAN CHASE BANK, N.A.

Global Trade Services	 	 
	 
	 	 	 	 
	By:
	 	/s/ Randall Mascorro 	 	 
	Name:

	 	 

Randall Mascorro
	 	 
	Title:

	 	Vice President	 	 
	 
	 	 	 	 
	ACKNOWLEDGED:	 	 
	 
	 	 	 	 
	BORROWER	 	 
	 
	 	 	 	 
	FUELCELL ENERGY, INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/ Joseph G. Mahler  	 	 
	Name:

	 	Joseph G. Mahler
	 	 
	Title:

	 	Sr. Vice President & CFO 
	 	 

 

-4-Exhibit 10.64

Exhibit
10.64

Promissory Note

$5,000,000.00

Date: January 4, 2011

Promise to Pay. For value received, at the times set forth in the Loan Agreement described herein,
FuelCell Energy, Inc. (the “Borrower”) promises to pay to JPMorgan Chase Bank, N.A. (the “Bank”) or
order, in lawful money of the United States of America, the sum of Five Million and 00/100 Dollars
($5,000,000.00) or so much thereof as may be advanced and outstanding as a “Disbursement” under the
Loan Agreement, plus interest on the unpaid principal balance hereof outstanding from time to time
at the rate and times set forth in the Loan Agreement.

Definitions. As used in this Note, the following terms have the respective meanings set forth
below. Other capitalized terms used herein and not otherwise defined have the meanings given such
terms in the Loan Agreement.

“Business Day” means a day (other than a Saturday or Sunday) on which banks generally are open in
Connecticut and/or New York for the conduct of substantially all of their commercial lending
activities and on which dealings in United States dollars are carried on in the London interbank
market.

Credit Facility. The Borrower acknowledges and agrees that this Note evidences the outstanding
“Disbursements” made pursuant to the terms of the Export Loan Agreement between the Borrower and
the Bank dated as of January 4, 2011 (as amended, supplemented, or otherwise modified from time to
time in accordance with its terms, the “Loan Agreement”) and is the “Note” described in the Loan
Agreement and is subject to all of the terms and conditions set forth therein.

Remedies. If an Event of Default occurs and is continuing the Bank may exercise any and all rights
and remedies set forth in the Loan Documents or otherwise permitted by applicable law or
agreement, in equity or otherwise.

Reinstatement. The Borrower agrees that to the extent any payment or transfer is received by the
Bank in connection with the Borrower’s Obligations evidenced by this Note, and all or any part of
the payment or transfer is subsequently invalidated, declared to be fraudulent or preferential,
set aside or required to be transferred or repaid by the Bank or transferred or paid over to a
trustee, receiver or any other Person, whether under any bankruptcy act or otherwise (any of those
payments or transfers is hereinafter referred to as a “Preferential Payment”), then this Note
shall continue to be effective or shall be reinstated, as the case may be, even if all those
Borrower’s Obligations have been paid in full and whether or not the Bank is in possession of this
Note, or whether the Note has been marked paid, released or canceled, or returned to the Borrower
and, to the extent of the payment, repayment or other transfer by the Bank, the Borrower’s
Obligations or part intended to be satisfied by the Preferential Payment shall be revived and
continued in full force and effect as if the Preferential Payment had not been made.

Governing Law. This Note shall be governed by and construed in accordance with the laws of the
State of Connecticut (without giving effect to its laws of conflicts).

Miscellaneous. The rights of the Bank under this Note and the other Loan Documents are in addition
to other rights (including without limitation, other rights of setoff) the Bank may have
contractually, by law, in equity or otherwise, all of which are cumulative and hereby retained by
the Bank. If any provision of this Note cannot be enforced, the remaining portions of this Note
shall continue in effect.

	 	 	 	 	 	 	 	 	 
	 
	 	Borrower:
	 	 	 
	 

	 	FuelCell Energy, Inc.
	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Joseph G. Mahler	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Printed Name: Joseph G. Mahler
	 	 
	 	 	 	 	Title: Sr VP & CFO

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