Document:

EX-10.14

 Exhibit 10.14 

EXECUTION VERSION 
 [***] 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. 

 
  

MASTER OPERATION AND MAINTENANCE AGREEMENT 

by and between 
 DIAMOND
STATE GENERATION PARTNERS, LLC 
 and 

BLOOM ENERGY CORPORATION 

dated as of April 13, 2012 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE 1 DEFINITIONS	  	 	2	 
			
	 Section 1.1
	 	Definitions	  	 	2	 
	 Section 1.2
	 	Other Definitional Provisions	  	 	11	 
		
	ARTICLE 2 SYSTEM SERVICES	  	 	12	 
			
	 Section 2.1
	 	In General	  	 	12	 
	 Section 2.2
	 	Operation and Maintenance Services	  	 	12	 
	 Section 2.3
	 	Service Fees	  	 	13	 
	 Section 2.4
	 	System Services Warranty	  	 	13	 
	 Section 2.5
	 	System Service Warranty Claims	  	 	13	 
	 Section 2.6
	 	Performance Warranty	  	 	14	 
	 Section 2.7
	 	Efficiency Warranty	  	 	14	 
	 Section 2.8
	 	Gas Payment Shortfall	  	 	15	 
	 Section 2.9
	 	Exclusions	  	 	15	 
	 Section 2.10
	 	No Duplication of Terms	  	 	16	 
	 Section 2.11
	 	Title	  	 	16	 
	 Section 2.12
	 	Record-Keeping Documentation	  	 	16	 
	 Section 2.13
	 	Remote Monitoring	  	 	17	 
	 Section 2.14
	 	Permits	  	 	17	 
	 Section 2.15
	 	Intentionally deleted	  	 	17	 
	 Section 2.16
	 	Performance Standards	  	 	17	 
	 Section 2.17
	 	Rights to Deliverables	  	 	18	 
	 Section 2.18
	 	Appointment of Service Provider	  	 	18	 
	 Section 2.19
	 	Operating Budget	  	 	18	 
		
	ARTICLE 3 TERM	  	 	18	 
			
	 Section 3.1
	 	Term	  	 	18	 
		
	ARTICLE 4 TERMINATION	  	 	19	 
			
	 Section 4.1
	 	Default	  	 	19	 
	 Section 4.2
	 	Termination of Warranties	  	 	20	 
	 Section 4.3
	 	Replacement of Agreement	  	 	20	 
		
	ARTICLE 5 DATA ACCESS	  	 	21	 
			
	 Section 5.1
	 	Access to Data and Meters	  	 	21	 

  
 i 

							
		
	ARTICLE 6 INDEMNITY	  	 	21	 
			
	 Section 6.1
	 	Indemnification of Operator by Owner	  	 	21	 
	 Section 6.2
	 	Indemnification of Owner by Operator	  	 	21	 
	 Section 6.3
	 	Indemnity Claims Procedure	  	 	22	 
	 Section 6.4
	 	No Duplication of Claims	  	 	22	 
		
	ARTICLE 7 LIMITATIONS ON LIABILITY	  	 	22	 
			
	 Section 7.1
	 	Aggregate Limit of Liability	  	 	22	 
	 Section 7.2
	 	No Duplication of Claims	  	 	23	 
		
	ARTICLE 8 REPRESENTATIONS AND WARRANTIES	  	 	24	 
			
	 Section 8.1
	 	Representations and Warranties of Owner	  	 	24	 
	 Section 8.2
	 	Representations and Warranties of Operator	  	 	25	 
		
	ARTICLE 9 MISCELLANEOUS	  	 	26	 
			
	 Section 9.1
	 	Amendment and Modification	  	 	26	 
	 Section 9.2
	 	Waiver of Compliance; Consents	  	 	26	 
	 Section 9.3
	 	Notices	  	 	27	 
	 Section 9.4
	 	Assignment	  	 	27	 
	 Section 9.5
	 	Dispute Resolution; Governing Law	  	 	27	 
	 Section 9.6
	 	Governing Law, Jurisdiction, Venue	  	 	27	 
	 Section 9.7
	 	Counterparts	  	 	28	 
	 Section 9.8
	 	Interpretation	  	 	28	 
	 Section 9.9
	 	Appendices and Exhibits	  	 	28	 
	 Section 9.10
	 	Entire Agreement	  	 	28	 
	 Section 9.11
	 	Construction of Agreement	  	 	28	 
	 Section 9.12
	 	Severability	  	 	29	 
	 Section 9.13
	 	Attorneys’ Fees	  	 	29	 
	 Section 9.14
	 	Further Assurances	  	 	29	 
	 Section 9.15
	 	Independent Contractors	  	 	29	 
	 Section 9.16
	 	No Contract for the Sale of Goods	  	 	29	 
	 Section 9.17
	 	Time of Essence	  	 	29	 
	 Section 9.18
	 	Confidentiality	  	 	29	 
	 Section 9.19
	 	Force Majeure	  	 	31	 
	 Section 9.20
	 	Right of Offset	  	 	31	 
	 Section 9.21
	 	No Liens	  	 	31	 
	 Section 9.22
	 	Insurance	  	 	31	 

							
			
	Exhibit A	 	Service Fees	  			
	 Exhibit B
	 	Efficiency Bank Operation Example Calculation	  			

  
 ii 

							
	 Appendix A
	 	[Intentionally Omitted]	  			
	 Appendix B
	 	Minimum Power Product Example Calculation	  			
	 Appendix C
	 	Facilities	  			
	 Appendix D
	 	Power Performance Warranty Claim Example Calculation	  			
	 Appendix E
	 	Efficiency Warranty Claim Example Calculation	  			
	 Appendix F
	 	Gas Payment Shortfall Claim Example Calculation	  			

  

  
 iii 

 MASTER OPERATION AND MAINTENANCE AGREEMENT 

This MASTER OPERATION AND MAINTENANCE AGREEMENT (this “Agreement”), dated as of April 13, 2012, between BLOOM ENERGY
CORPORATION, a Delaware corporation (“BE” or, in its capacity as operator hereunder, “Operator”), and DIAMOND STATE GENERATION PARTNERS, LLC, a Delaware limited liability company (“Owner”) (each, a
“Party”, and together, the “Parties”), covers (i) the Portfolio of on-site solid oxide fuel cell power generating systems capable of being powered by renewable fuels,
having an aggregate Nameplate Capacity of up to 30 MW (each a “Bloom System”, and together the “Bloom Systems”) and (ii) the BOF installed by BE pursuant to the MESPA, in each case to the extent set forth
herein. 
 WHEREAS, Owner is a company formed at the direction of BE for the purpose of purchasing and owning Bloom Systems for the
generation of electricity and sale of electricity and capacity generated by the Bloom Systems into the PJM Grid; 
 WHEREAS, the
customer base of Delmarva Power & Light Company (“DPL”), an investor owned utility company regulated by the Delaware Public Service Commission (“DPSC”), will be subject to a charge to be collected on behalf
of Owner by DPL under the REPS Act and the Tariffs, and DPL has agreed to provide natural gas service and to serve as the collection and disbursement agent of Owner pursuant to the Tariffs and the DPL Agreements; 

WHEREAS in 2011, Owner purchased from Operator pursuant to the December 30 Bill of Sale certain Bloom Systems and other parts and
equipment to be incorporated into the Bloom Systems, and Owner presently owns such Bloom Systems and other parts and equipment; 

WHEREAS, Operator has entered into that certain Master Energy Server Purchase Agreement dated as of the date hereof (the
“MESPA”) with Owner, under the terms of which Owner will purchase additional Bloom Systems and the BOF from BE in order for Owner to provide electricity and capacity generated by the Bloom Systems into the PJM Grid; 

WHEREAS, pursuant to REPS Act Section 352(16), BE will be a “Qualified Fuel Cell Provider” (“QFCP”),
and pursuant to the QFCP-RC Tariff, Owner will be a “QFCP Generator” (“QFCP Generator”), and pursuant to REPS Act Section 352(17) the Facilities shall constitute a
“Qualified Fuel Cell Provider Project” (“Qualified Fuel Cell Provider Project”); and 
 WHEREAS, Operator
has agreed to provide certain operation and maintenance services to Owner subject to the conditions of this Agreement. 

 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 AGREEMENT 

ARTICLE 1 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, capitalized terms not otherwise defined shall have the meanings set forth
below: 
 “Actual kWh” means the actual energy output in kWh produced by each Bloom System and aggregated together. 

“Administrative Services Agreement” means the Administrative Services Agreement dated as of April 13, 2012 among BE,
Owner and Diamond State Generation Holdings, LLC. 
 “Affiliate” of any Person means a Person that directly, or indirectly
through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified. 

“Agreement” means this agreement. 

“Annual Reports” is defined in Section 2.12. 

“Base Case Model” is defined in the ECCA. 

“BE” is defined in the recitals. 

“Bloom System” or “Bloom Systems” is defined in the introductory paragraph hereof. 

“BOF” means, for each Site, the Electrical Interconnection Facilities, the natural gas supply facilities, the water supply
facilities, the data communications facilities, the foundations for the Bloom Systems, and any other ancillary facilities and equipment installed in connection with the Facility at each Site. 

“BOF Work” is defined in the MESPA. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banks in New York, New York, or San Francisco,
California, are authorized or required to close. 
 “Claiming Party” is defined in Section 9.19. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Commencement of Operations” means, with respect to any Bloom System, the completion and the performance of all of the
following activities: 
 (a) such Bloom System has been Placed in Service; 

  
 2 

 (b) such Bloom System (i) has been attached to the load at the Site and (ii) is
performing at the Warranty Specifications (measured over a 24 hour period and not over the Look Back Period or on a Portfolio basis as referenced in the definition of Warranty Specifications; provided that for this purpose the percentage in
“Minimum Power Product” shall be deemed to be 100% rather than 85%); 
 (c) such Bloom System has satisfied the conditions
precedent for “Facility Commercial Operation Date” and the “Initial Delivery Date” (each as defined in the QFCP-RC Tariff) and Operator has performed and successfully completed all
necessary acts under the Interconnection Agreements (including performance testing) and has obtained written permission from the applicable Person granting Owner permission to interconnect with the PJM Grid pursuant thereto; 

(d) Operator shall have furnished a written certification from Operator addressed to Owner certifying, without any qualification, that Operator
has installed such Bloom System in accordance with Performance Standards; and 
 (e) Operator shall have furnished a written certification
from the Independent Engineer addressed to Owner certifying, without any qualification, that (i) such Bloom System’s commissioning has been successfully completed and (ii) such Bloom System has achieved commercial operation (and if
such Bloom System is the first Bloom System installed at such Facility then the Independent Engineer must also certify, without qualification, that Operator has installed all BOF Work necessary for the operation of that Facility). 

“Company LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of Diamond State Generation
Holdings, LLC, dated as of April 13, 2012, between Clean Technologies II, LLC and Mehetia Inc. 
 “Confidential
Information” is defined in Section 9.18(a). 
 “Credit Agreement” has the meaning set forth in the
ECCA. 
 “Credit Documents” has the meaning set forth in the ECCA. 

“DDOT” means the Delaware Department of Transportation. 

“DDOT Site Lease” means the Lease Agreement between DDOT and Owner dated as of July, 2011, as it may be amended to extend the
term or otherwise. 
 “December 30 Bill of Sale” means the Bill of Sale and Agreement, effective as of
December 30, 2011, between BE and Owner pursuant to which Safe Harbor Systems and Safe Harbor Equipment were sold by BE to Owner for purposes of meeting the 5% safe harbor for Grant eligibility under the Guidance. 

  
 3 

 “Delivery Date” has the meaning provided in the MESPA. 

“DPL” has the meaning provided in the recitals. 

“DPL Agreements” means the service applications between Owner and DPL with respect to the REPS Act and the Tariffs, whereby
DPL shall (a) serve as the agent for collection of amounts due from Owner (if any) and for disbursement of amounts due to Owner under the QFCP-RC Tariff and (b) sell to Owner natural gas under the
Gas Tariff. 
 “DPL Site Lease” means the Lease Agreement between DPL and Owner dated as of February 10, 2012. 

“DPSC” has the meaning provided in the recitals. 

“ECCA” means the Equity Capital Contribution Agreement with respect to Diamond State Generation Holdings, LLC, among Clean
Technologies II, LLC, Diamond State Generation Holdings, LLC, Owner and Mehetia Inc., dated as of March 16, 2012. 

“Efficiency” means the quotient of E/F, where E = the electricity produced by the Portfolio, measured in BTUs (British
Thermal Units) at a conversion rate of 3,412 BTUs per kWh, and F = the fuel consumed by the Portfolio, measured in BTUs on a Lower Heating Value basis. 

“Efficiency Bank” means “banked” volumes of natural gas which the Owner is permitted to accrue in a tracking
account under the QFCP-RC Tariff Section C.(5) and which are available to offset any Efficiency Warranty shortfall. An example of the operation of the Efficiency Bank is attached as Exhibit B. 

“Efficiency Warranty” has the meaning provided in Section 2.7. 

“Efficiency Warranty Period” has the meaning provided in Section 2.7. 

“Electrical Interconnection Facilities” means the equipment and facilities required to safely and reliably interconnect a
Facility to the PJM Grid or the transmission system of another Transmitting Utility in whose territory the Facility is located, as applicable, including the collection system between each Bloom System, transformers and all switching, metering,
communications, control and safety equipment, including the facilities described in any applicable Interconnection Agreement. 

“Energy” means three-phase, 60-cycle alternating current electric energy constituting
the Actual kWh. 
 “Facility” means the Bloom Systems and the BOF at a Site. 

“Facility Meter” means the revenue quality electricity generation meter to be located at the metering point (the proposed
location of which is to be identified in the Interconnection Agreement), which Facility Meter shall register all Energy produced by a Facility and delivered to the Interconnection Point. 

  
 4 

 “Facility Service Warranty” is defined in Section 2.4. 

“Facility Services” is defined in Section 2.1. 

“FERC” means the Federal Energy Regulatory Commission and any successor. 

“Force Majeure Event” means any event or circumstance that (a) prevents a Party from performing its obligations under
this Agreement; (b) was not foreseeable by such Party; (c) was not within the reasonable control of, or the result of the negligence of such Party; and (d) such Party is unable to reasonably mitigate, avoid or cause to be avoided with
the exercise of due diligence. It shall include failure or interruption of performance due to: an act of God, civil or military authority, war, civil disturbances, terrorist activities, fire, explosions, the elements, the gas supplier’s failure
to comply with gas delivery, quality or pressure requirements, the external power delivery system (a/k/a the grid) being out of the required specifications or total failure (a/k/a brownout or blackout), PJM or other electric grid curtailment, or
failure of equipment not utilized by or under the control of the Party claiming the Force Majeure Event (or any Affiliate or subcontractor of such Party). Force Majeure Event does not include the lack of economic resources of a Party or
Operator’s failure to design and construct the Bloom Systems and the BOF so as to meet the respective warranties hereunder. 

“Gas Payment Shortfall” means the cost of natural gas, in any billing period under the
QFCP-RC Tariff, for the quantity of natural gas used by the Owner that exceeds the quantity of natural gas that would have been utilized at the Target Heat Rate (as defined in the QFCP-RC Tariff) and the Efficiency Bank does not have a positive balance available to offset such excess. 

“Gas Tariff” means DPL’s Service Classification
“LVG-QFCP-RC” filed for gas service applicable to REPS Qualified Fuel Cell Provider Projects and approved by the DPSC in Order no. 8062 dated October 18,
2011, as adopted and supplemented by DPSC’s Findings, Opinion and Order No. 8079, dated December 1, 2011. 

“Governmental Approvals” means (a) any authorizations, consents, approvals, licenses, rulings, permits, tariffs, rates,
certifications, variances, orders, judgments, decrees by or with a relevant Governmental Authority and (b) any required notice to, any declaration of, or with, or any registration or filing by, or with, any relevant Governmental Authority. 

“Governmental Authority” means any foreign, federal, state, local or other governmental, regulatory or administrative agency,
court, commission, department, board, or other governmental subdivision, legislature, rulemaking board, court, tribunal, arbitrating body or other governmental authority. 

“Grant” is defined in the Company LLC Agreement. 

  
 5 

 “Guidance” is defined in the ECCA. 

“Indemnifiable Loss” means any claim, demand, suit, loss, liability, damage, obligation, payment, cost or expense (including
the cost and expense of any action, suit, proceeding, assessment, judgment, settlement or compromise relating thereto and reasonable attorneys’ fees and reasonable disbursements in connection therewith). 

“Indemnified Party” is defined in Section 6.3. 

“Indemnifying Party” is defined in Section 6.3. 

“Independent Engineer” is defined in the MESPA. 

“Interconnection Agreement” means an agreement among Owner, DPL and/or PJM regarding interconnection of the Facility to the
transmission or distribution system of the Transmitting Utility. 
 “Interconnection Point” is defined in the QFCP-RC Tariff. 
 “kW” means kilowatt. 

“kWh” means kilowatt-hour. 

“Legal Requirement” means any law, statute, act, decree, ordinance, rule, directive (to the extent having the force of law),
tariff (including the Tariffs), order, treaty, code or regulation or any interpretation of any of the foregoing, as enacted, issued or promulgated by any Governmental Authority, including all amendments, modifications, extensions, replacements or re-enactments thereof, in each case applicable to or binding upon such Person or any of its properties or to which such Person or any of its property is subject. 

“Letter Agreement” means that certain Letter Agreement dated October 10, 2011 between Operator and the State of
Delaware, as may be amended from time to time. 
 “Liens” means any lien, security interest, mortgage, hypothecation,
encumbrance or other restriction on title or property interest. 
 “Look Back Period” means each calendar year following
the Commencement of Operations for a Bloom System (or, in the case of the calendar year in which the Delivery Date for a Bloom System has occurred, the portion of such calendar year commencing on the date such Bloom System achieved Commencement of
Operations), but excluding with respect to each relevant Bloom System any period during such calendar year when such Bloom System was (a) subject to a Force Majeure Event, (b) not delivering Energy to the PJM Grid because of a failure to
perform by DPL under the DPL Agreements or PJM under the PJM Agreements, or (c) required to be disconnected from the PJM Grid or otherwise required not to deliver Energy to the PJM Grid as the result of a Legal Requirement or action by or a
directive from the applicable electric utility or PJM with respect to such Bloom System (e.g., due to a grid event). 

  
 6 

 “Material Adverse Change” means a fact, event or circumstance that, alone or
when taken with other events or conditions occurring or existing concurrently with such event or condition, (a) has or is reasonably expected to have a material adverse effect on the business, operations, condition (financial or otherwise), assets,
liabilities, prospects, or properties of a Person; (b) has or is reasonably expected to have any material adverse effect on the validity or enforceability of this Agreement; (c) materially impairs or is reasonably expected to materially
impair the ability of a Person to meet or perform its obligations under this Agreement; or (d) has or is reasonably expected to have any material adverse effect on a Person’s rights under this Agreement. 

“Maximum Liability” means, with respect to Operator, the aggregate Residual Value of the Portfolio as of such date, and with
respect to Owner, One Million Dollars ($1,000,000); provided that a reduction in the Maximum Liability of Operator shall never result in a requirement for Owner or any Owner Indemnitee to return any money to Operator. Maximum Liability will be
determined on an aggregate basis between this Agreement and the MESPA. 
 “MESPA” is defined in the Recitals to this
Agreement. 
 “Minimum Efficiency Level” means fifty percent (50%) Efficiency while a Bloom System is operating at
Nameplate Capacity, measured over the Efficiency Warranty Period. 
 “Minimum kWh” means the product of (x) the number
of hours in the applicable Power Performance Warranty Period minus the number of hours for each Bloom System in the Portfolio as of the last day of the applicable Power Performance Warranty Period when each such Bloom System (i) was subject to
a Force Majeure Event, (ii) was not delivering Energy to the PJM Grid because of a failure to perform by DPL under the DPL Agreements or PJM under the PJM Agreements, or (iii) was required to be disconnected from the grid or otherwise
required not to deliver Energy to the PJM Grid as the result of a Legal Requirement or action by or a directive from the applicable electric utility or PJM with respect to such Bloom System (e.g., due to a grid event), and (y) the Minimum Power
Product for the applicable Power Performance Warranty Period. 
 “Minimum Power Product” means the aggregate Nameplate
Capacity of the Bloom Systems in the Portfolio in kW for the applicable Power Performance Warranty Period multiplied by (1) eighty-five percent (85%) when this term is used for the One-Month Power
Performance Warranty or (2) ninety-five percent (95%) when this term is used for the One-Year Power Performance Warranty. An example of a calculation of the Minimum Power Product is set forth in
Appendix B. 
 “MW” means megawatt. 

“MWh” means megawatt-hour. 

  
 7 

 “Nameplate Capacity” means the maximum rated output of a generator, prime mover,
or other electric power production equipment under specific conditions designated by the manufacturer. 
 “One-Month Power Performance Warranty Period” is defined in Section 2.6. 
 “One-Year Power Performance Warranty Period” is defined in Section 2.6. 

“Operator” is defined in the introductory paragraph hereof. 

“Operator Indemnitee” is defined in Section 6.1. 

“Owner” is defined in the introductory paragraph hereof. 

“Owner Indemnitee” is defined in Section 6.2. 

“Owner’s Lender” means any Person providing senior or subordinated construction, debt or equity financing or refinancing
for or in connection with the development, construction, purchase, or installation of the Facility or any part thereof, including any equity and tax investor providing financing or refinancing in connection therewith, and any trustee or agent acting
on their behalf, and any Person providing interest rate protection agreements to hedge any of the foregoing debt obligations. 

“Party” or “Parties” is defined in the introductory paragraph hereof. 

“Performance Standards” is defined in Section 2.16. 

“Permits” means all Governmental Approvals that are necessary under applicable Legal Requirements, this Agreement, or the
MESPA to have been obtained at such time in light of the stage of development of the Portfolio to site, construct, test, operate, maintain, repair, lease, own or use each Facility as contemplated in this Agreement, the MESPA, or the ECCA, to sell
electricity from the Portfolio or for a Party to enter into this Agreement or to consummate any transaction contemplated hereby, in each case in accordance with all applicable Legal Requirements. 

“Person” means any individual, partnership, limited liability company, joint venture, corporation, trust, unincorporated
organization, or governmental entity or any department or agency thereof. 
 “PJM” means PJM Interconnection, LLC, a
regional transmission organization. 
 “PJM Agreements” is defined in the QFCP-RC
Tariff. 
 “PJM Grid” means the system of transmission lines, distribution lines, and associated facilities that have been
placed under PJM’s operational control. 

  
 8 

 “Placed in Service” means, with respect to any Bloom System, the completion and
performance of all of the following activities: (1) obtaining the necessary licenses and permits for the operation of such Bloom System and the sale of power generated by the Bloom System, (2) completion of critical tests necessary for the
proper operation of such Bloom System, (3) synchronization of such Bloom System onto the electric distribution and transmission system of the relevant local utility and/or the PJM Grid and (4) the commencement of daily operation of such
Bloom System. 
 “Portfolio” means, on an aggregate basis, all Bloom Systems owned by Owner that were purchased pursuant to
the MESPA or the December 30 Bill of Sale and that have achieved Commencement of Operations. 
 “Portfolio Warranty”
means the warranty provided for under Section 8.1 of the MESPA. 
 “Power Performance Warranty” is defined in
Section 2.6. 
 “Power Performance Warranty Period” is defined in Section 2.6. 

“Prudent Electrical Practices” means those practices, methods, equipment, specifications and standards of safety and
performance, as the same may change from time to time, as are commonly used by a significant portion of the grid-tied electrical generation industry operating in the United States as good, safe and prudent engineering practices in connection with
the design, construction, operation, maintenance, repair and use of electrical and other equipment, facilities and improvements of such electrical generating facility, including any applicable practices, methods, acts, guidelines, standards and
criteria of FERC, PJM, and all applicable Legal Requirements. 
 “Purchase Order” is defined in the MESPA. 

“Purchase Price” is defined in the MESPA. 

“QFCP” is defined in the recitals. 

“QFCP Generator” is defined in the recitals. 

“QFCP-RC Tariff’ means DPL’s Service Classification “QFCP-RC” for REPS Qualified Fuel Cell Provider Projects as approved by the DPSC in Order no. 8062 dated October 18, 2011, as adopted and supplemented by DPSC’s Findings, Opinion and Order
No. 8079, dated December 1, 2011. 
 “Qualified Fuel Cell Provider Project” is defined in the recitals. 

“Representatives” of a Party means such Party’s authorized representatives, including its professional and financial
advisors. 

  
 9 

 “REPS Act” means the Renewable Energy Portfolio Standards Act, as amended by
S.B. 124, enacted July 10, 2011 (Title 26, Chap. 1, section 351 et seq. of the Code of the State of Delaware). 
 “Residual
Value” means, for any Bloom System, 100% of the Purchase Price for such Bloom System until the second anniversary of Commencement of Operations, declining by 5.26% (i.e. 1/19th) on each anniversary of such date thereafter. (For
example, on the fifth anniversary of Commencement of Operations, the Residual Value will be 84.22% of the Purchase Price). 
 “Safe
Harbor Equipment” means all parts and equipment to be used in Bloom Systems sold by BE to Owner pursuant to the December 30 Bill of Sale. 

“Safe Harbor Systems” means all Bloom Systems sold by BE to Owner pursuant to the December 30 Bill of Sale. 

“SCADA” means the supervisory control and data acquisition systems. 

“Section 8.2(b) Warranty” is defined in the MESPA. 

“Service Fees” is defined in Section 2.3. 

“Service Provider” means an operation and maintenance contractor appointed by Operator and approved by Owner pursuant to
Section 2.18. 
 “Service Technicians” is defined in Section 2.2(c). 

“Site” means, as applicable, (a) the parcel of land leased from DPL to Owner under the DPL Site Lease and all easements
appurtenant, easements in gross, license agreements and other rights running in favor of Owner which provide access to the applicable Facility, or (b) the parcel of land leased from the DDOT to Owner under the DDOT Site Lease and all easements
appurtenant, easements in gross, license agreements and other rights running in favor of Owner which provide access to the applicable Facility, in each case on which BE shall install a Facility pursuant to the MESPA. 

“Site Leases” means, collectively, the DPL Site Lease and the DDOT Site Lease. 

“Tariffs” means the QFCP-RC Tariff and the Gas Tariff. 

“Term” is defined in Section 3.1. 

“Third Party Claim” means any claim, action, or proceeding made or brought by any Person who is not (a) a Party to this
Agreement, (b) an Affiliate of a Party to this Agreement or (c) Mehetia Inc. or an Affiliate of Mehetia Inc. (and that is not a claim based on breach by the Indemnified Party of its obligations under this Agreement). 

  
 10 

 “Training Materials” is defined in Section 2.17. 

“Transaction Documents” means this Agreement, the Company LLC Agreement, the ECCA, the MESPA and the Administrative Services
Agreement. 
 “Transmitting Utility” has the meaning set forth in the QFCP-RC
Tariff. 
 “Warranty Period” means, (i) for each Bloom System, the period beginning on the day following the date that
the “Warranty Period” for such Bloom System under and as defined in the MESPA has expired and ending on the twenty-first (21st) anniversary of the date of Commencement of Operations for such Bloom System and (ii) for the BOF, the
period beginning on the day following the date that the Section 8.2(b) Warranty for such BOF has expired and ending on the twenty-first (21st) anniversary of such starting date. 

“Warranty Specifications” means (a) that the Portfolio has (i) achieved the Minimum kWh as provided in
Section 2.6 and (ii) performed at no less than the Minimum Efficiency Level as provided in Section 2.7 and (b) that Operator is in compliance with Section 2.8. 

Section 1.2 Other Definitional Provisions. 

(a) As used in this Agreement and in any certificate or other documents made or delivered pursuant hereto or thereto, financial and accounting
terms not defined in this Agreement or in any such certificate or other document, and financial and accounting terms partly defined in this Agreement or in any such certificate or other document to the extent not defined, will have the respective
meanings given to them under GAAP. To the extent that the definitions of financial and accounting terms in this Agreement or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions
contained in this Agreement or in any such certificate or other document will control. 
 (b) The words “hereof’,
“herein”, “hereunder”, and words of similar import when used in this Agreement will refer to this Agreement as a whole and not to any particular provision of this Agreement. Section references contained in this Agreement are
references to Sections in this Agreement unless otherwise specified. The term “including” will mean “including without limitation”. 

(c) The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine
as well as to the feminine and neuter genders of such terms. 
 (d) Any agreement, instrument or statute defined or referred to herein or in
any instrument or certificate delivered in connection herewith means (unless otherwise indicated herein) such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or
instruments) references to all attachments thereto and instruments incorporated therein. 
 (e) Any references to a Person are also to its
permitted successors and assigns. 

  
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 ARTICLE 2 

FACILITY SERVICES 

Section 2.1 In General. During the Warranty Period, Operator shall provide services to Owner so that the Portfolio meets the
Warranty Specifications and so that the BOF will not cause the Portfolio to fail to perform in accordance with the Warranty Specifications, as more fully set forth in this Article 2 (such services, collectively, the “Facility
Services”). The Facilities covered under this Agreement are set forth in Appendix C hereto, which may be amended from time to time by written agreement between the Parties. 

Section 2.2 Operation and Maintenance Services. Operator is hereby granted the right and authority (and, to the extent necessary
to carry out its functions hereunder, a limited power of attorney) and agrees, for the benefit of Owner, to operate safely and reliably the Facilities and to maintain during the Warranty Period in accordance with the terms of this Agreement each
Facility in good condition and repair in accordance with the Warranty Specifications and Prudent Electrical Practices. During the Warranty Period, the specific responsibilities of Operator under this Agreement shall include the following: 

(a) Facility Operations. Operator shall ensure that all Facility components are operated and maintained in a manner designed to meet
the Efficiency Warranty and the Power Performance Warranty with a goal of achieving the performance levels assumed in the Base Case Model (as defined in the Company LLC Agreement). 

(b) Facility Maintenance. Operator shall perform, or cause to be performed, all scheduled and unscheduled maintenance required on each
Facility in order to meet the Warranty Specifications. In that regard, Operator’s responsibilities hereunder shall include, without limitation, promptly correcting any Bloom System or BOF malfunctions, either by (i) recalibrating or
resetting the malfunctioning Bloom System or BOF, or (ii) repairing or replacing Bloom System or BOF components which are defective, damaged, worn or otherwise in need of replacement. 

(c) Personnel. Operator shall ensure that all operations and maintenance functions contemplated by this Section are performed by
technically competent and qualified personnel (the “Service Technicians”). Operator shall ensure that all Service Technicians: (i) participate in a maintenance training program and receive confirmation of having achieved the
requisite level of proficiency for the tasks they are assigned to perform, and (ii) attend periodic “refresher” training programs. The Operator shall at all times retain an operations manager who shall be dedicated to the overall
supervision and management of performance of its obligations under this Agreement. 
 (d) Spare Parts. Operator shall establish and
maintain an adequate spare parts inventory, to be located at one or both Sites to serve exclusively the Facilities. 

  
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 (e) Programs and Procedures. Prior to the date of the Commencement of Operations for the
first Bloom System in the Portfolio, Operator shall have adopted and implemented programs and procedures intended to ensure safe and reliable operation of the Facilities. 

The rights and obligations in this Section 2.2 are without duplication of the rights and obligations of Owner and Operator as
Buyer and Seller under, and as defined in, the MESPA. 
 Section 2.3 Service Fees. 

(a) Owner shall compensate Operator for the Facility Services for each Facility, on an annual basis at the rate specified in
Exhibit A hereto (the “Service Fees”). With respect to each year of such Facility’s Warranty Period, the Service Fees shall be invoiced not later than thirty (30) days prior to the end of the calendar month in
which the anniversary of the date of Commencement of Operations for such Bloom System occurred, and shall be payable within thirty (30) days of invoice. Interest shall accrue daily on the Service Fees not paid when due, at the lesser of the
monthly rate of one and five-tenths percent (1.5%) or the highest rate permissible by law on such unpaid balance. Operator shall be under no obligation to provide or perform services hereunder for any Bloom System whose Service Fee has not been paid
in full for the then-current warranty year. 
 (b) In connection with Facility Services for the BOF, Operator shall provide all required
labor but shall charge Owner for, and Owner shall reimburse Operator for, the cost of all required spare parts. Billing for such spare parts shall be done in the same manner as Services Fees, as set forth in Section 2.3(a). 

Section 2.4 Facility Services Warranty. During the Warranty Period, Operator shall perform the services to the Bloom Systems and
the BOF necessary for the Portfolio to perform to the Warranty Specifications (the “System Service Warranty”). In the event that Owner desires Operator to service the Bloom Systems and the BOF beyond the Warranty Period, the rate
for such time-based services will be quoted by Operator to Owner quarterly for the following quarter, and materials will be invoiced at the retail prices for such materials. 

Section 2.5 Facility Service Warranty Claims. 

(a) If Owner desires to make a Facility Service Warranty claim during the Warranty Period, Owner must notify Operator of the defect or other
basis for the claim in writing. 
 (b) In the case of a claim relating to the Power Performance Warranty for a One-Month Power Performance Period or the Efficiency Warranty, upon receipt of such notice and verification by Operator that such One-Month Power Performance Warranty or
Efficiency Warranty is applicable, Operator (or its designated subcontractor) or the Service Provider (or its designated subcontractor) will promptly repair or replace, at Operator’s sole option and discretion, any Bloom System whose repair or
replacement is required in order for the Portfolio to perform consistent with the Power Performance Warranty or the Efficiency Warranty, as applicable. Owner is hereby notified that refurbished parts may be used in repair or replacement,

  
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but any such refurbished parts will have passed the same inspections and tests performed by Operator on its new parts of the same type before such refurbished parts are used in any repair. If
such repair or replacement is not possible (as determined at Operator’s sole option and discretion), Operator will refund the Purchase Price of any such Bloom System to Owner notwithstanding Section 7.1. in which case Operator shall
be deemed to have taken title to such Bloom System, and such Bloom System shall be deemed to no longer constitute a portion of the Portfolio. Operator shall make such determination as promptly as practicable, but in any event within 90 days of
Operator’s receipt of notice of the claim unless the specific nature of the problem requires a longer period in which to make such determination. If it is determined that a Bloom System will be removed pursuant to this Section 2.5.
Operator shall at its sole cost and expense remove the Bloom System and any other ancillary equipment (including the concrete pad and any other improvements to the Site to extent required under the Site Lease) from the Site, restoring the Site to
its condition before the installation, including closing all utility connections in the manner required by all applicable Legal Requirement and Site Lease. 

(c) In the case of a claim relating to the Power Performance Warranty for a One-Year Power Performance
Warranty Period, upon receipt of such notice and verification that such One-Year Power Performance Warranty is applicable, Operator shall make a payment to Owner in an amount to be calculated pursuant to
Section 2.6; provided that the cumulative aggregate amount of Operator’s liability for all claims under this Section 2.5(c) shall not exceed
[***]                    of the aggregate Purchase Price of all Bloom Systems in the Portfolio during the applicable period and the purchase price
under the December 30 Bill of Sale (inclusive of any amounts paid or for which a pending claim has been made under the Power Performance Warranty or the Section 8.2(b) Warranty, as applicable, under the MESPA). 

Section 2.6 Power Performance Warranty. During the Warranty Period, Operator shall determine (i) for each full calendar month
(the “One-Month Power Performance Warranty Period”) within five (5) Business Days after the end of such month and (ii) for the most recent Look Back Period (the “One-Year Power Performance Warranty Period”, and, together with the One-Month Power Performance Warranty Period, each a “Power Performance Warranty
Period”), whether the Bloom Systems in the Portfolio during such Power Performance Warranty Period have delivered to the Interconnection Point the Minimum kWh during such Power Performance Warranty Period (the “Power Performance
Warranty”). If such Power Performance Warranty calculation indicates that the Actual kWh of the Bloom Systems was less than the Minimum kWh during such Power Performance Warranty Period, then Operator shall so notify Owner in writing of the
basis of its determination and Owner may make a claim under Section 2.5. An example of a Power Performance Warranty calculation for purposes of a Section 2.5 claim is attached as Appendix D. 

Section 2.7 Efficiency Warranty. During the Warranty Period, Operator shall determine for each full calendar month (the
“Efficiency Warranty Period”) within five (5) Business Days after the end of such month whether the Portfolio has performed at the Minimum Efficiency Level (the “Efficiency Warranty”); provided that the
Efficiency Bank shall be utilized to the extent necessary to meet the Efficiency Warranty. If the Minimum Efficiency Level has 
  

	[***]	Confidential Treatment Requested 

  
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not been met during such Efficiency Warranty Period, then Operator shall so notify Owner in writing of the basis of its determination and Owner may make a claim under Section 2.5. An
example of an Efficiency Warranty calculation for purposes of a Section 2.5 claim is attached as Appendix E. 

Section 2.8 Gas Payment Shortfall. During the Warranty Period, Operator shall perform such services on the Bloom Systems as shall
cause the Efficiency Bank to maintain a positive balance at all times. If the Efficiency Bank reaches a balance of less than zero during the Warranty Period, Operator shall reimburse Owner for any Gas Payment Shortfall that Owner incurs within ten
(10) days after Owner provides notice to Operator of such shortfall amount; provided that Operator’s cumulative aggregate liability under this Section 2.8 plus any payments required to be made by Operator under
Section 2.5(c) shall not exceed an amount equal to (i) one hundred percent (100%) of the aggregate Purchase Price of all Bloom Systems in the Portfolio during the applicable period and the purchase price under the December 30
Bill of Sale (inclusive of any amounts paid or for which a pending claim has been made for under the Gas Payment Shortfall under the MESPA), less (ii) the aggregate of all amounts paid by Operator (or claimed against Operator in the case of any
claims that are pending at the time of such calculation) with respect to claims under Section 2.5(c) hereunder or Sections 8.2(b) and 8.3(c) of the MESPA. An example of a Gas Payment Shortfall calculation for purposes of a
Section 2.8 claim is attached as Appendix F. 
 Section 2.9 Exclusions. The Facility Service Warranty shall
not cover any obligations on the part of Operator caused by or arising from (a) Owner’s (as opposed to Operator, Operator’s Affiliate, the Service Provider or subcontractor acting as operator under this Agreement) failure to properly
protect the Bloom Systems from vandalism or other third-party’s actions or omissions, (b) Owner’s (as opposed to Operator, Operator’s Affiliate, the Service Provider or subcontractor acting as operator under this Agreement)
failure to use the specified input fuel; (c) Owner’s (as opposed to Operator, Operator’s Affiliate, the Service Provider or subcontractor acting as operator under this Agreement) removal of any safety devices, (d) any conditions
caused by unforeseeable movement in the environment in which the Bloom Systems are installed, (e) accidents, abuse, neglect, improper third party testing, vandalism, Force Majeure Events or acts of third parties, (f) DPL’s failure to
comply with Operator’s gas delivery, quality or pressure requirements, (g) installation, operation, repair or modification of the Bloom Systems by anyone other than Operator or (h) any defect in construction materials or workmanship
of the BOF or any deficiency in design of the BOF by BE, provided that the exclusions in this clause (h) shall not extend to any Portfolio Warranty claim to the extent caused by or arising from (A) any defect in construction materials or
workmanship of the BOF or (B) any deficiency in design of the BOF by BE, in each case during the period while either the Section 8.2(b) Warranty or the warranty under Section 2.5(c) is in effect. OPERATOR SHALL HAVE NO OBLIGATION
UNDER THE FACILITY SERVICE WARRANTY AND MAKES NO REPRESENTATION AS TO FACILITIES WHICH HAVE BEEN OPENED OR MODIFIED BY OWNER OR ANYONE OTHER THAN OPERATOR, OPERATOR’S AFFILIATE, THE SERVICE PROVIDER OR SUBCONTRACTOR, ACTING AS OPERATOR UNDER
THIS AGREEMENT, ANY PERSON ACTING AS AN OPERATOR UNDER THIS AGREEMENT (OR ANY SUCCESSOR AGREEMENT TO THIS AGREEMENT) OR ANY OF SUCH PERSON’S REPRESENTATIVES. 

  
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 Section 2.10 No Duplication of Terms. Notwithstanding anything to the contrary in
this Agreement, to the extent that all or any portion of the Facility Service Warranty, a Gas Payment Shortfall payment or any other warranty, guarantee or indemnification provision set forth herein is duplicative of any warranty, guarantee or
indemnification coverage provided under the MESPA, the Parties acknowledge and agree that Owner shall be entitled to make only a single claim under either this Agreement or the MESPA, as applicable, and that limitations of liability set forth in
each such agreement are to be calculated on an aggregate basis taking into account all claims for indemnification, warranty or otherwise (if any) made under this Agreement and the MESPA. 

Section 2.11 Title. Title to all items, parts, materials and equipment supplied under or pursuant to this Agreement to Owner shall
transfer to Owner upon installation or inclusion in a Facility. 
 Section 2.12 Record-Keeping Documentation. 

(a) Operator shall ensure that operation, service and maintenance records concerning Operator’s activities hereunder are properly created
and maintained at all times. Such records shall include, but not be limited to, the following: 
 (i) a separate
“Maintenance Specification Log” for each Bloom System in a paper or electronic format (with entries made for each inspection, including any discrepancies found during such inspection), a copy of which shall be submitted, in paper or
electronic format, to Owner along with the corresponding Annual Reports; 
 (ii) a Site service report completed in respect
of each inspection, repair, replacement, service or other activity or observation made by Operator in connection with its responsibilities hereunder, detailing the nature of the problems detected and the specifics of the problem resolution and
submitted to Owner within ten (10) Business Days of the date when a service technician is dispatched to the site in response to a Bloom System or BOF fault or routine inspection or service; 

(iii) an annual report submitted to Owner within forty-five (45) Business Days after the end of each calendar year
(“Annual Report”) containing sufficient information, detail and documentation as may be requested by Owner relating to the operating performance of the Bloom System for the preceding calendar year; and 

(iv) all records and data that must be timely produced and turned over to (A) DPL pursuant the QFCP-RC Tariff (including without limitation, the Heat Rate calculations as set forth in QFCP-RC Tariff Section C., and monthly documentation of PJM Revenues as set forth in QFCP-RC Tariff Section H.) and the DPL Agreements, (B) PJM pursuant to the PJM Agreements or (C) the Owner’s Lender pursuant to the Credit Documents; and 

  
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 (v) such other reports and/or documentation prepared by Operator concerning its
activities hereunder as may be reasonably required of an “Operator” of a Qualified Fuel Cell Project under the REPS Act and the QFCP-RC Tariff or as requested by Owner from time to time. 

(b) All such records required to be created and maintained pursuant to Section 2.12(a) shall be kept available at the
Operator’s office and made available for the Owner’s inspection upon request at all reasonable times. Any documentation prepared by Operator during the Term for the purposes of this Agreement, excluding the Training Materials, shall be
directly prepared for Owner’s benefit and immediately become Owner’s property. Any such documentation shall be stored by Operator on behalf of Owner until its final delivery to Owner. Operator may retain a copy of all records related to
each Facility for future analysis. 
 Section 2.13 Remote Monitoring. For purposes of determining when repair services are
necessary, Operator shall monitor and evaluate the information gathered through remote monitoring of each Facility as well as the maintenance and inspection Site visits. 

Section 2.14 Permits. 

(a) Operator shall be responsible, at its sole cost and expense, for maintaining and complying with all Permits required to perform the
Facility Services under this Agreement; 
 (b) Owner agrees to cooperate with and assist Operator in obtaining all Permits. 

Section 2.15 Intentionally deleted. 

Section 2.16 Performance Standards. For the purpose of this Agreement, the Operator shall perform under this Agreement in
accordance and consistent with each of the following (unless the context requires otherwise): (A) permitted plans and specifications applicable to each Facility; (B) the manufacturer’s recommendations with respect to all equipment and all
maintenance and operating manuals or service agreements, whenever furnished or entered into, including any subsequent amendments or replacements thereof, issued by the manufacturer, provided they are consistent with generally accepted practices in
the fuel cell industry; (C) the requirements of all applicable insurance policies; (D) preserving all rights to any incentive payments, warranties, indemnities or other rights or remedies, and enforcing or assisting with the enforcement of
the applicable warranties, making or assisting in making all claims with respect to all insurance policies; (E) all Legal Requirements and Permits/Governmental Approvals, (F) the PJM Agreements and the DPL Agreements; (G) any
applicable provisions of the Site Leases, including any landlord rules and regulations, and (H) Prudent Electrical Practices (collectively, the “Performance Standards”); provided, however, that meeting these requirements
shall not relieve Operator of its other obligations under this Agreement. 

  
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 Section 2.17 Rights to Deliverables. Owner agrees that Operator shall retain all
rights, title and interest, including intellectual property rights, in any Training Materials in connection with the services performed hereunder. Operator grants to Owner the limited right to use any Training Materials which are provided under this
Agreement, and Owner agrees that upon termination of this Agreement for any reason, Owner shall return all Training Materials, including any copies, to Operator. Owner will not make copies nor will it permit its employees, contractors, affiliates,
or representatives to make copies of any Training Materials without Operator’s prior written consent. “Training Materials” means any and all materials, documentation, notebooks, forms, diagrams, manuals and other written
materials and tangible objects, describing how to maintain the Facilities, including any corrections, improvements and enhancements thereto to the Bloom Systems which are delivered by Operator to Owner, but excluding any data and reports delivered
to Owner. 
 Section 2.18 Appointment of Service Provider. Operator may appoint an unrelated third party, who is appropriately
qualified, licensed, and financially responsible, to operate and maintain the Facilities throughout the Term (a “Service Provider”). Operator shall submit such appointment of any Service Provider to Owner for its prior written
approval, which approval shall not be unreasonably withheld or delayed, and if applicable, to PJM and/or DPL. No such appointment nor the approval thereof by Owner, however, shall relieve Operator of any liability, obligation, or responsibility
resulting from a breach of this Agreement. 
 Section 2.19 Operating Budget. Operator shall operate and maintain the Portfolio,
or cause the Portfolio to be operated and maintained, within amounts for (a) any Operating Budget Category (as defined in the Credit Documents) that is applicable to the Facility Services not to exceed 110% (on a
year-to-date basis) and (b) for all Operating Budget Categories (or such Operating Budget Categories applicable to the Facility Services) not to exceed 105% (on a
year- to-date basis), in each case of the amounts budgeted therefor as set forth in the then-current Annual Operating Budget (as defined in the Credit Documents). 

ARTICLE 3 

TERM 

Section 3.1 Term. The term of this Agreement (the “Term”) (a) shall commence on the first day of the Warranty
Period for the first Bloom System to achieve Commencement of Operation and (b) shall, unless terminated earlier under Section 4.1 of this Agreement or unless extended by mutual agreement of the Parties, terminate on the date that is
the last day of the Warranty Period for the last Bloom System to achieve Commencement of Operation. 

  
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 ARTICLE 4 

TERMINATION 

Section 4.1 Default. 

(a) Operator Default. Any of the following shall constitute an “Operator Default”: 

(i) If Operator: (a) admits in writing its inability to pay its debts generally as they become due; (b) files a
petition or answer seeking reorganization or arrangement under the federal bankruptcy laws or any other applicable law or statute of the United States of America or any State, district or territory thereof; (c) makes an assignment for the
benefit of creditors; (d) consents to the appointment of a receiver of the whole or any substantial part of its assets; (e) has a petition in bankruptcy filed against it, and such petition is not dismissed within ninety (90) days
after the filing thereof; or if (f) a court of competent jurisdiction enters an order, judgment, or decree appointing a receiver of the whole or any substantial part of Operator’s assets, and such order, judgment or decree is not vacated
or set aside or stayed within ninety (90) days from the date of entry thereof; or (g) under the provisions of any other law for the relief or aid of debtors, any court of competent jurisdiction shall assume custody or control of the whole
or any substantial part of Operator’s assets and such custody or control is not terminated or stayed within ninety (90) days from the date of assumption of such custody or control; 

(ii) unless due to a Force Majeure Event, the failure of Operator to perform or cause to be performed any other obligation
required to be performed by Operator under this Agreement, or the failure of any representation and warranty set forth herein to be true and correct in all material respects as and when made; provided, however, that if such failure by its
nature can be cured, then Operator shall have a period of thirty (30) days after receipt of written notice of such failure to cure the same and a Operator Default shall not be deemed to exist during such period; provided, further, that
if Operator commences to cure such failure during such period and is diligently and in good faith attempting to effect such cure, said period shall be extended for sixty (60) additional days; or 

(iii) a Force Majeure Event occurs which prevents Operator from performing its material obligations under this Agreement for a
continuous period of at least one hundred eighty (180) days and Owner reasonably concludes such prevention is not reasonably likely to be remedied within a further period of one hundred eighty (180) days. 

(b) Owner Default. Any of the following shall constitute an “Owner Default”: 

(i) The failure of Owner to pay any amounts owing to Operator on or before the day following the date on which such amounts are
due and payable under the terms of this Agreement and Owner’s failure to cure each such failure within ten (10) days after Owner receives written notice from Operator of each such failure; or 

(ii) unless due to a Force Majeure Event, the failure of Owner to perform or cause to be performed any other obligation
required to be performed by Owner under this Agreement, or the failure of any representation and warranty set forth herein to be true and correct in all material respects as and when made; provided, however, that if such failure by its nature
can be cured, then Owner shall have a period of thirty (30) days after receipt of written notice of such failure to cure the same and an Owner Default shall not 

  
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be deemed to exist during such period; provided, further, that if Owner commences to cure such failure during such period and is diligently and in good faith attempting to effect such cure, said
period shall be extended for sixty (60) additional days. 
 (c) Owner’s Remedies Upon Occurrence of a Operator Default. If
an Operator Default has occurred under Section 4.1(a)(i) or (a)(iii), Owner may terminate this Agreement by written notice, and assert all rights and remedies available to Owner under Legal Requirements subject to the limitations
of liability set forth in Section 7.1. If an Operator Default has occurred under Section 4.1(a)(ii), Owner may terminate this Agreement only with respect to those Bloom Systems for which such Operator Default occurred (unless
such Operator Default relates to ten (10) or more Bloom Systems, in which case Owner may terminate this Agreement with respect to all Bloom Systems) by written notice, and assert all rights and remedies available to Owner under Legal Requirements
(other than the termination or suspension of this Agreement in its entirety, except where ten (10) or more Bloom Systems are involved), subject to the limitations of liability set forth in Section 7.1. 

(d) Operator’s Remedies Upon Owner Default. 

(i) If an Owner Default has occurred under Section 4.1(b)(i) or (b)(ii), Operator may terminate this
Agreement only with respect to those Bloom Systems for which such Owner Default occurred (unless such Owner Default relates to ten (10) or more Bloom Systems, in which case Operator may terminate this Agreement with respect to all Bloom
Systems) by written notice, and assert all rights and remedies available to Operator under Legal Requirements (other than the termination or suspension of this Agreement in its entirety, except where ten (10) of more Bloom Systems are
involved), subject to the limitations of liability set forth in Section 7.1. 
 (e) Preservation of Rights. Termination
of this Agreement shall not affect any rights or obligations as between the Parties which may have accrued prior to such termination or which expressly or by implication are intended to survive termination whether resulting from the event giving
rise to termination or otherwise. 
 Section 4.2 Termination of Warranties. Notwithstanding anything to the contrary in this
Agreement or the MESPA, each of the Facility Service Warranty, the Efficiency Warranty, and the Power Performance Warranty shall terminate with respect to a Bloom System immediately upon termination of the Warranty Period for such Bloom System;
provided that any claims under this Agreement that accrued before such termination shall survive such termination until the resolution of those claims. Operator shall be under no obligation for any Facility Service Warranty, Efficiency Warranty or
Power Performance Warranty for a Bloom System during any period for which such Bloom System’s Service Fees have not been paid in full. 

Section 4.3 Replacement of Agreement. Notwithstanding anything to the contrary in this Agreement and in furtherance of continuing
qualification under the QFCP-RC Tariff, in the event of the early termination of this Agreement pursuant to Article 4 hereof, BE and Operator agree to use commercially reasonable efforts to cooperate
with Owner to facilitate Owner 

  
 20 

 
entering into a new agreement with a third party operator governing operation and maintenance services to be provided to Owner on terms substantially similar to the terms of this Agreement, so
that such replacement Operator shall be deemed a QFCP. 
 ARTICLE 5 

DATA ACCESS 

Section 5.1 Access to Data and Meters. Throughout the Term, and thereafter to the extent relevant to calculations necessary for
periods prior to the end of the Term and subject to any confidentiality obligation owed to any third party and/or any restrictions on the disclosure of information which may be subject to intellectual property rights restricting disclosure: 

(a) Owner shall grant Operator access to all data relating to the electricity production of each Bloom System, it being understood that it is
Operator’s responsibility to determine the performance of the Bloom System, and any other calculations as required under this Agreement, and that it is Owner’s responsibility to handle all accounting and invoicing activities; and 

(b) Owner shall allow Operator access to all data from all Facility Meters. 

Operator shall be entitled to use the foregoing data for its internal purposes and make such data available to third parties for analysis. 

ARTICLE 6 
 INDEMNITY

 Section 6.1 Indemnification of Operator by Owner. Owner shall indemnify, defend and hold harmless Operator, its
officers, directors, employees, shareholders, Affiliates and agents (each, a “Operator Indemnitee”) from and against any and all Indemnifiable Losses asserted against or suffered by any Operator Indemnitee arising out of any Third
Party Claims against a Operator Indemnitee to the extent arising out of or in connection with (i) Owner’s breach of its representations, warranties or covenants in this Agreement, (ii) the negligent or intentional acts or omissions of
Owner or its subcontractors, agents or employees or others under Owner’s control or (iii) a breach by Owner of its obligations hereunder, provided that Owner shall have no obligation to indemnify Operator for any negligence,
fraud or willful misconduct of any Operator Indemnitee or the breach by Operator of any Operator Indemnitee of its covenants and warranties under this Agreement or any other Transaction Document. 

Section 6.2 Indemnification of Owner by Operator. Operator shall indemnify, defend and hold harmless Owner, its members, managers,
officers, directors, employees, Affiliates and agents (each, an “Owner Indemnitee”) from and against any and all Indemnifiable Losses asserted against or suffered by any Owner Indemnitee arising out of any Third Party Claims against
an Owner Indemnitee to the extent arising out of or in connection with (i) Operator’s breach of its representations, warranties or covenants in this Agreement, (ii) the negligent or intentional acts or omissions of Operator or its
subcontractors, agents or employees or others under Operator’s control or (iii) a breach by Operator of its obligations hereunder; provided that 

  
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Operator shall have no obligation to indemnify Owner for any negligence, fraud or willful misconduct of any Owner Indemnitee, the breach by Owner of its covenants and warranties under this
Agreement or the inability to utilize any tax benefits (for the avoidance of doubt, the Grant is not considered a tax benefit). 

Section 6.3 Indemnity Claims Procedure. If any indemnifiable claim is brought against a Party (the “Indemnified
Party”), then the other Party (the “Indemnifying Party”) shall be entitled to participate in, and, unless in the opinion of counsel for the Indemnifying Party a conflict of interest between the Parties may exist with
respect to such claim, assume the defense of such claim, with counsel reasonably acceptable to the Indemnifying Party. If the Indemnifying Party does not assume the defense of the Indemnified Party, or if a conflict precludes the Indemnifying Party
from assuming the defense, then the Indemnifying Party shall reimburse the Indemnified Party on a monthly basis for the Indemnified Party’s defense through separate counsel of the Indemnified Party’s choice. Even if the Indemnifying Party
assumes the defense of the Indemnified Party with acceptable counsel, the Indemnifying Party, at its sole option, may participate in the defense, at its own expense, with counsel of its own choice without relieving the Indemnifying Party of any of
its obligations hereunder. 
 Section 6.4 No Duplication of Claims. Notwithstanding anything to the contrary in this Agreement,
the Parties acknowledge and agree that no claiming or indemnified party shall be entitled to a double recovery under the indemnification provisions of this Agreement and the indemnification provisions of the MESPA. 

ARTICLE 7 

LIMITATIONS ON LIABILITY 

Section 7.1 Aggregate Limit of Liability. 

(a) Notwithstanding anything to the contrary in this Agreement, in no event shall a Party be liable to the other Party for an aggregate amount
in excess of the Maximum Liability; provided that such limitation of liability shall not apply to any liability that is the result of (i) gross negligence, fraud or willful misconduct of a Party, (ii) a Third Party Claim, (iii) the
failure to pay the Service Fees (which amount shall not be included in calculating Owner’s Maximum Liability), (iv) a claim of Owner against BE or Operator in the event of any breach, default or misrepresentation of any representation and
warranty or covenant set forth in Section 8.2(e) or (v) a claim of Owner against BE or Operator under Section 2.8. Subject always to the Maximum Liability limitations set forth in the preceding sentence, except for damages
specifically provided for in this Agreement or in connection with the indemnification for damages awarded to a third party under a Third Party Claim, damages hereunder are limited to direct damages, and in no event shall a Party be liable to the
other Party, and the Parties hereby waive claims, for (a) indirect, punitive, special or consequential damages or loss of profits; provided, however, that the loss of profits language set forth in this Section 7.1 shall not be
interpreted to exclude from Indemnifiable Losses any claim, demand, suit, loss, liability, damage, obligation, payment, cost or expense (including the cost and expense of any action, suit, proceeding, assessment, judgment, settlement or compromise
relating thereto and reasonable attorneys’ fees and reasonable 

  
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disbursements in connection therewith) that would otherwise be included in the definition of Indemnifiable Losses because they result from a reduction in the profits of Owner, Diamond State
Generation Holdings, LLC, or both, and (b) losses or liabilities incurred by the officers, directors, members, managers, partners, shareholders or Affiliates of such Party (unless on behalf of Owner). 

(b) Notwithstanding anything to the contrary provided herein, in no event shall Operator be liable under this Agreement (including with
respect to its obligations related to the Facility Service Warranty, the Power Performance Warranty or Warranty Specification) for (i) any failure of or damage to the Bloom System or (ii) any obligations on the part of Operator (including
internal rate of return or other financial metrics or any obligations to deliver power to Owner or service the Bloom System) caused by or arising from (A) Owner’s (as opposed to Operator or Operator’s Affiliate or subcontractor acting
as operator under this Agreement) failure to properly protect the Bloom Systems from vandalism or other third-party’s actions or omissions, (B) Owner’s (as opposed to Operator or Operator’s Affiliate or subcontractor acting as
operator under this Agreement) failure to use the specified input fuel; (C) Owner’s (as opposed to Operator or Operator’s Affiliate or subcontractor acting as operator under this Agreement) removal of any safety devices,
(D) Force Majeure Events, (E) installation, operation, repair or modification of the Bloom Systems by anyone other than Operator or Operator’s authorized agents or Owner’s operator acting pursuant to a operating and maintenance
agreement provided such operator is acting in accordance with Prudent Electrical Practices and information or materials supplied by Operator or its Affiliates, or (F) any defect in construction materials or workmanship of the BOF or any
deficiency in design of the BOF by BE, provided that the exclusions in this clause (F) shall not extend to any warranty claim to the extent caused by or arising from (1) any defect in construction materials or workmanship of the BOF or
(2) any deficiency in design of the BOF by BE, in each case during the period while the MESPA Section 8.2(b) Warranty is in effect. OPERATOR SHALL NOT BE RESPONSIBLE FOR DAMAGE TO BLOOM SYSTEMS OR THEIR COMPONENTS DUE TO THEIR OPENING OR
MODIFICATION BY OWNER OR ANYONE OTHER THAN OPERATOR, OPERATOR’S AFFILIATE, THE SERVICE PROVIDER OR SUBCONTRACTOR, ACTING AS OPERATOR UNDER THIS AGREEMENT, ANY PERSON ACTING AS AN OPERATOR UNDER THIS AGREEMENT (OR ANY SUCCESSOR AGREEMENT TO THIS
AGREEMENT) OR ANY OF SUCH PERSON’S REPRESENTATIVES. Except for Owner’s payment of money to Operator, and subject to Section 9.19 hereof, neither Party shall be liable under any circumstance, nor be deemed to be in breach of
this Agreement, for any delay or failure in performance or interruption of service resulting from any Force Majeure Event, or any other cause or causes which are beyond such Party’s reasonable control. 

Section 7.2 No Duplication of Claims. Notwithstanding anything to the contrary in this Agreement, the Parties acknowledge and
agree that the limitations of liability set forth in this Agreement and the MESPA are to be calculated on an aggregate basis taking into account all claims (if any) made under this Agreement and the MESPA. 

  
 23 

 ARTICLE 8 

REPRESENTATIONS AND WARRANTIES 

Section 8.1 Representations and Warranties of Owner. Owner represents and warrants to Operator as follows: 

(a) Organization. Owner is a limited liability company duly formed, validly existing and in good standing under the laws of the State
of Delaware and has all requisite limited liability company power and authority to own, lease, and operate its business as currently conducted. 

(b) Authority. Owner has full limited liability company power and authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby. The execution and delivery by Owner of this Agreement and the consummation by Owner of the transactions contemplated hereby have been duly and validly authorized by all necessary limited liability company action
required on the part of Owner and this Agreement has been duly and validly executed and delivered by Owner. This Agreement constitutes the legal, valid and binding agreement of Owner, enforceable against Owner in accordance with its terms, except as
enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding in equity or
at law). 
 (c) Consents and Approvals: No Violation. Neither the execution, delivery and performance by Owner of this Agreement nor
the consummation by Owner of the transactions contemplated hereby will (i) conflict with or result in any breach of any provision of the Certificate of Formation or the limited liability company agreement of Owner, or (ii) result in a
default (or give rise to any right of termination, cancellation or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, indenture, material agreement or other instrument or obligation to which Owner is a party
or by which any of its assets are bound, except for such defaults (or rights of termination, cancellation or acceleration) as to which requisite waivers or consents have been obtained or (iii) constitute violations of any law, regulation,
order, judgment or decree applicable to Owner. 
 (d) Legal Proceedings. There are no pending or, to Owner’s knowledge,
threatened claims, disputes, governmental investigations, suits, actions (including non-judicial real or personal property foreclosure actions), arbitrations, legal, administrative or other proceedings of any
nature, domestic or foreign, criminal or civil, at law or in equity, by or against or otherwise affecting Owner which challenges the enforceability of this Agreement or the ability of Owner to consummate the transactions contemplated hereby. 

(e) DISCLAIMERS. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN THIS SECTION 8.1 AND THE OTHER TRANSACTION
DOCUMENTS, OWNER EXPRESSLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED, AS TO THE TRANSACTIONS CONTEMPLATED UNDER THIS AGREEMENT. 

  
 24 

 Section 8.2 Representations and Warranties of Operator. Operator represents and
warrants to Owner as follows: 
 (a) Incorporation; Qualification. Operator is a corporation duly incorporated, validly existing and
in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, lease, and operate its business as currently conducted. Operator is duly qualified to do business as a foreign corporation and is in
good standing under the laws of each jurisdiction that its business, as currently being conducted, shall require it to be so qualified, except where the failure to be so qualified would not have a material adverse effect on Operator’s ability
to perform its obligations under this Agreement. 
 (b) Authority. Operator has full corporate power and authority to execute and
deliver this Agreement and to consummate the transactions contemplated thereby. The execution and delivery by Operator of this Agreement and the consummation by Operator of the transactions contemplated thereby have been duly and validly authorized
by all necessary corporate action required on the part of Operator and this Agreement have been duly and validly executed and delivered by Operator. This Agreement constitutes the legal, valid and binding agreement of Operator, enforceable against
Operator in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless
of whether considered in a proceeding in equity or at law). 
 (c) Consents and Approvals; No Violation. Neither the execution,
delivery and performance of this Agreement nor the consummation by Operator of the transactions contemplated thereby will (i) conflict with or result in any breach of any provision of the certificate of incorporation or bylaws of Operator,
(ii) with or without the giving of notice or lapse of time or both, conflict with, result in any violation or breach of, constitute a default under, result in any right to accelerate, result in the creation of any Lien on Operator’s
assets, or create any right of termination under the conditions or provisions of any note, bond, mortgage, indenture, material agreement or other instrument or obligation to which Operator is a party or by which it, or any material part of its
assets may be bound, in each case that would individually or in the aggregate result in a Material Adverse Change with respect to Operator; or (iii) constitute violations of any law, regulation, order, judgment or decree applicable to Operator,
which violations, individually or in the aggregate, would result in a Material Adverse Change with respect to Operator. 
 (d) Legal
Proceedings. There are no pending or, to Operator’s knowledge, threatened claims, disputes, governmental investigations, suits, actions (including non-judicial real or personal property foreclosure
actions), arbitrations, legal, administrative or other proceedings of any nature, domestic or foreign, criminal or civil, at law or in equity, by or against or otherwise affecting Operator which challenges the enforceability of this Agreement or the
ability of Operator to consummate the transactions contemplated thereby. 

  
 25 

 (e) QFCP Tariff. Operator represents and warrants to Owner that, during the Term, the
Portfolio shall not fail to receive full payment and service under the Tariffs for any of the following reasons: 
 (i)
Operator shall not remain a Qualified Fuel Cell Provider throughout the original term of the QFCP Tariff. 
 (ii) Operator
shall take any action which causes or is likely to cause: (i) Owner not to qualify (or lose qualification) for service under the QFCP Tariff or (ii) the Portfolio not to qualify (or lose qualification) as a Qualified Fuel Cell Project.

 (iii) Operator shall have not complied with any of its obligations under the Letter Agreement (including, if so required
by the State of Delaware, posting the security referred to in the Letter Agreement upon or prior to the Commencement of Operation of the first Bloom System). 

(f) DISCLAIMERS. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN THIS SECTION 8.2 AND THE OTHER TRANSACTION
DOCUMENTS, OPERATOR EXPRESSLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED, AS TO THE TRANSACTIONS CONTEMPLATED UNDER THIS AGREEMENT. 

ARTICLE 9 

MISCELLANEOUS 

Section 9.1 Amendment and Modification. This Agreement may be amended, modified or supplemented only by written agreement of Owner
and Operator. To the extent that this Agreement must be modified in order to maintain service under the Tariffs, the Parties shall exercise their commercially reasonable efforts to amend the Agreement to continue such service. 

Section 9.2 Waiver of Compliance; Consents. Except as otherwise provided in this Agreement, any failure of any of the Parties to
comply with any obligation, covenant, agreement or condition herein may be waived by the Party entitled to the benefits thereof only by a written instrument signed by the Party granting such waiver, but any such waiver of such obligation, covenant,
agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent failure to comply therewith. 

  
 26 

 Section 9.3 Notices. All notices and other communications hereunder shall be in
writing and shall be deemed given when received if delivered personally or by facsimile transmission with completed transmission acknowledgment, or when delivered or when delivery is refused if mailed by overnight delivery via a nationally
recognized courier or registered or certified first class mail (return receipt requested), postage prepaid, to the recipient Party at its below address (or at such other address or facsimile number for a Party as shall be specified by like notice;
provided; however, that notices of a change of address shall be effective only upon receipt thereof): 
  

			
	To Operator:	  	Bloom Energy Corporation
		  	 1299 Orleans Drive
 Sunnyvale, CA
94089-1137
 Attention: [***]

		  	Telephone: [***]
		  	Fax: [***]
		  	Email: [***]
		
	To Owner:	  	Diamond State Generation Partners, LLC
		  	 c/o Bloom Energy Corporation
 1299 Orleans
Drive
 Sunnyvale, CA 94089-1137

		  	Attention: [***]
		  	Telephone: [***]
		  	Fax: [***]

 Section 9.4 Assignment. This Agreement and all of the provisions hereof shall be binding upon and
inure to the benefit of the Parties and their respective successors and permitted assigns (including by operation of law), but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any Party, whether
by operation of law or otherwise, without the prior written consent of the other Party; provided that either Party may collaterally assign its rights under this Agreement to any party providing debt or equity financing to such Party without
the consent of the other Party. Notwithstanding the foregoing sentence, Operator shall be entitled to assign its right, title and interest in and to this Agreement to an Affiliate under common ownership with Operator; provided that such
assignment will not disqualify or otherwise impair either the Owner or the Portfolio from receiving service under the QFCP-RC Tariff. 

Section 9.5 Dispute Resolution: Governing Law. In the event a dispute, controversy or claim arises hereunder, including any claim
whether in contract, tort (including negligence), strict product liability or otherwise, the aggrieved Party will promptly provide written notification of the dispute to the other Party within ten (10) days after such dispute arises.
Thereafter, a meeting shall be held promptly between the Parties, attended by representatives of the Parties with decision-making authority regarding the dispute, to attempt in good faith to negotiate a resolution of the dispute. If the Parties are
not successful in resolving a dispute within twenty-one (21) days, then, subject to the limitations on remedies set forth in Section 4.1 and Article 7, either Party may pursue whatever
rights it has available under this Agreement, at law or in equity. 
 Section 9.6 Governing Law, Jurisdiction, Venue. THIS
AGREEMENT SHALL BE GOVERNED BY AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW). THE PARTIES HEREBY IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION 
 [***] Confidential Treatment Requested 

  
 27 

 
OF ANY STATE OR FEDERAL COURT IN NEW YORK COUNTY, NEW YORK WITH RESPECT TO ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES
TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING RELATING TO A DISPUTE AND FOR ANY COUNTERCLAIM WITH RESPECT THERETO. 
 Section 9.7
Counterparts. This Agreement 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 will be considered
original signatures, and each Party shall thereafter promptly deliver original signatures to the other Party. 
 Section 9.8
Interpretation. The articles, section and schedule headings contained in this Agreement 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 Agreement. 
 Section 9.9 Appendices and Exhibits. Except as otherwise provided in this Agreement, all exhibits and
appendices referred to herein are intended to be and hereby are specifically made a part of this Agreement. 
 Section 9.10 Entire
Agreement. 
 (a) This Agreement, the MESPA and the exhibits, schedules, documents, certificates and instruments referred to herein and
therein, embody the entire agreement and understanding of the Parties in respect of the transactions contemplated by this Agreement. 
 (b)
Each Party acknowledges that, in agreeing to enter into this Agreement, it has not relied on any representation, warranty, collateral contract or other assurance (except those repeated in this Agreement and any other agreement entered into on the
date of this Agreement between the Parties) made by or on behalf of any other Party at any time before the signature of this Agreement. Each Party waives all rights and remedies which, but for this clause (b), might otherwise be available to it in
respect of any such representation, warranty, collateral contract or other assurance. 
 Section 9.11 Construction of Agreement.
The terms and provisions of this Agreement represent the results of negotiations between Owner and Operator, each of which has been represented by counsel of its own choosing, and neither of which has acted under duress or compulsion, whether legal,
economic or otherwise. Accordingly, the terms and provisions of this Agreement shall be interpreted and construed in accordance with their usual and customary meanings, and Owner and Operator hereby waive the application in connection with the
interpretation and construction of this Agreement of any rule of law to the effect that ambiguous or conflicting terms or provisions contained in this Agreement shall be interpreted or construed against the Party whose attorney prepared the executed
draft or any earlier draft of this Agreement. 

  
 28 

 Section 9.12 Severability. If any term or other provision of this Agreement is
invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement 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 9.13 Attorneys’
Fees. If any action or proceeding to enforce this Agreement or any provision hereof is brought by any Party, the prevailing Party shall be entitled to recover from the non prevailing Party its attorneys’ fees and its costs and expenses of
suit, including actual attorneys’ and consultants’ fees. In the event that any Party secures a judgment in any proceeding brought to enforce or interpret this Agreement, then any cost of expense incurred in enforcing or in successfully
appealing from such judgment, including actual attorneys’ fees shall be paid by the Party against whom such judgment has been rendered or against whom an appeal is won, and shall be recoverable separately from and in addition to any other
amount included in such judgment. 
 Section 9.14 Further Assurances. Each Party agrees to execute and deliver such additional
documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions, and conditions of this Agreement and the transactions contemplated by this Agreement.

 Section 9.15 Independent Contractors. The Parties acknowledge that, save as expressly set out in this Agreement to the
contrary, each Party is entering into this Agreement as an independent contractor and nothing in this Agreement shall be interpreted or applied so as to make the relationship of any of the Parties that of partners, joint ventures or anything other
than independent contractors. 
 Section 9.16 No Contract for the Sale of Goods. Both Parties agree that this Agreement relates
predominantly to the rendition of services accompanied only by the incidental sale of parts for the Bloom Systems; and therefore, this Agreement is not subject to the Delaware Uniform Commercial Code or any other commercial code for the sale of
goods. The Parties expressly disclaim, to the extent permitted under applicable law, any and all provisions of the Uniform Commercial Code of any state or other applicable law relating to the commercial sale of goods. 

Section 9.17 Time of Essence. Time is of the essence with respect to all matters contained in this Agreement. 

Section 9.18 Confidentiality. 

(a) Confidential Information. Subject to the other terms of this Section 9.18. the Parties shall, and shall cause their
Affiliates and their respective stockholders, members, Subsidiaries and Representatives to, hold confidential all information they may have or obtain concerning Operator and Owner and their respective assets, business, operations or prospects or
this Agreement (the “Confidential Information”), including, but not limited to, all software, 

  
 29 

 
documentation, financial, marketing and nonpublic PJM Grid data and other business information, all data related to the internal design and performance of the Bloom Systems and any other material
or information that is either marked as confidential or disclosed under circumstances that one would reasonably expect it to be confidential. Furthermore, Owner agrees that the Bloom Systems and services performed hereunder contain Operator’s
valuable trade secrets, and further, Owner agrees to maintain the secrecy of and not disclose without the express written permission of Operator any trade secrets which Owner may have received from Operator; provided, however, that
Confidential Information shall not include information that (A) is or becomes generally available to the public other than as a result of a disclosure by a Party or any of its Representatives or (B) is or becomes available to a Party or
any of its Representatives on a nonconfidential basis prior to its disclosure by the other Party or its Representatives. 
 (b) Legally
Compelled Disclosure. Confidential Information may be disclosed (A) as required or requested to be disclosed by a Party or any of its Affiliates or their respective stockholders, members, subsidiaries or Representatives as a result of any
applicable Legal Requirement or rule or regulation of any stock exchange, the Financial Industry Regulatory Authority, Inc. or other regulatory authority or self-regulatory authority having jurisdiction over such Party, (B) as required or
requested by the IRS, the Department of Justice or the Office of the Inspector General in connection with a Grant, or tax credits relating thereto, including in connection with a request for any private letter ruling, any determination letter or any
audit, or (C) as reasonably required by the DPL Agreements, the PJM Agreements or the Tariffs. If a Party becomes compelled by legal or administrative process to disclose any Confidential Information, such Party shall, to the extent permitted
by Legal Requirements, provide the other Party with prompt notice so that the other Party may seek a protective order or other appropriate remedy or waive compliance with the non-disclosure provisions of this
Section 9.18(b) with respect to the information required to be disclosed. If such protective order or other remedy is not obtained, or such other Party waive compliance with the non-disclosure
provisions of this Section 9.18(b) with respect to the information required to be disclosed, the first Party shall furnish only that portion of such information that it is advised, by opinion of counsel, is legally required to be
furnished and shall exercise reasonable efforts, at the expense of the Party whose Confidential Information is being disclosed, to obtain reliable assurance that confidential treatment will be accorded such information, including, in the case of
disclosures to the IRS described in clause (B) above, to obtain reliable assurance that, to the maximum extent permitted by applicable Legal Requirements, such information will not be made available for public inspection pursuant to
Section 6110 of the Code. 
 (c) Disclosure to Representatives. Notwithstanding the foregoing, a Party may disclose Confidential
Information received by it to its actual or potential financing parties and its and their employees, consultants, legal counsel or agents who have a need to know such information; provided that such Party informs each such Person who has access to
the Confidential Information of the confidential nature of such Confidential Information, the terms of this Agreement, and that such terms apply to them. The Parties shall use commercially reasonable efforts to ensure that each such Person complies
with the terms of this Agreement and that any Confidential Information received by such Person is kept confidential. 

  
 30 

 (d) Other Permitted Disclosures. Nothing herein shall be construed as prohibiting a Party
from using such Confidential Information in connection with (i) any claim against another Party and (ii) any exercise by a Party of any of its rights hereunder, (iii) a financing or proposed financing by Operator or Owner or their
Affiliates; (iv) a disposition or proposed disposition by Operator or any Affiliate of Operator of all or a portion of such Person’s direct or indirect equity interest in Operator and (v) a disposition or proposed disposition by any
direct or indirect Affiliate of Owner of all or a portion of such Person’s equity interests in Owner; provided that, in the case of items (iii), (iv) and (v), the potential purchaser has entered into a confidentiality agreement with
respect to Confidential Information on customary terms used in confidentiality agreements in connection with corporate acquisitions before any such information may be disclosed and such confidentiality agreement has been provided to the non-disclosing Party. 
 Section 9.19 Force Majeure. If either Party is rendered wholly or
partially unable to perform any of its obligations under this Agreement by reason of a Force Majeure Event, that Party (the “Claiming Party”) will be excused from whatever performance is affected by the Force Majeure Event to the
extent so affected; provided, however, that: (i) the Claiming Party, within a reasonable time after the occurrence of such Force Majeure Event gives the other Party notice describing the particulars of the occurrence; (ii) the
suspension of performance shall be of no greater scope and of no longer duration than is reasonably required by the Force Majeure Event; (iii) no liability of either Party for an event that arose before the occurrence of the Force Majeure Event
shall be excused as a result of the Force Majeure Event; (iv) the Claiming Party shall exercise commercially reasonable efforts to correct or cure the event or condition excusing performance and resume performance of all its obligations; and
(v) when the Claiming Party is able to resume performance of its obligations under this Agreement, the Claiming Party shall promptly give the other Party notice to that effect and shall promptly resume performance. 

Section 9.20 Right of Offset. Owner at its sole option is hereby authorized to setoff any amounts owed Owner under the MESPA or
this Agreement, as applicable, against any amounts owed by Owner to Operator under the MESPA or this Agreement. The rights provided by this paragraph are in addition to and not in limitation of any other right or remedy (including any right to set-off, counterclaim, or otherwise withhold payment) to which a Owner may be entitled (whether by operation of law, contract or otherwise). 

Section 9.21 No Liens. To the extent that Operator has actual knowledge that any of its subcontractors has placed any Lien on a
Bloom System or the Site for such Bloom System, then Operator shall promptly cause such Liens to be removed or bonded over in a manner reasonably satisfactory to Owner. 

Section 9.22 Insurance. At all times during the Term without cost to Owner, Operator shall maintain in force the following
insurance, which insurance shall not be subject to cancellation, termination or other material adverse changes unless the insurer delivers to Owner 

  
 31 

 written notice of the cancellation, termination or change at least thirty (30) days in advance of the
effective date of the cancellation, termination or material adverse change: 
 (a) Worker’s Compensation Insurance as required by the
laws of the state where Operator’s facilities are located; 
 (b) Employer’s liability insurance with limits not less than One
Million Dollars ($1,000,000); and 
 (c) Commercial General Liability Insurance, including bodily injury and property damage liability
including premises operations, contractual liability endorsements, products liability and completed operations with limits not less than Five Million Dollars ($5,000,000). 

Operator shall cause Owner (and such additional parties as Owner designates in writing) to be named additional insured(s), must be written as primary policy
not contributing to or in excess of any policies carried by the Owner, and each contain a waiver of subrogation endorsement, in form and substance reasonably satisfactory to the Owner, in favor of the Owner. 

[Signatures follow on next page] 

  
 32 

 IN WITNESS WHEREOF, the Parties have executed this Master Operation and Maintenance
Agreement as of the date first above written. 
 BLOOM ENERGY CORPORATION 
  

			
		
	By:	 	 

  

		 	Name:
		 	Title:

 [Signature Page to the Master Operation and Maintenance Agreement] 

 DIAMOND STATE GENERATION PARTNERS, LLC 

 

			
	By:	 	 

  

	Name:	 	William E Brockenborough
	Title:	 	Vice President

 [Signature Page to the Master Operation and Maintenance Agreement] 

 EXHIBIT A 

to 
 MASTER OPERATION

 AND MAINTENANCE AGREEMENT 

SERVICE FEES 
  

Exhibit A-1 

 MOMA 

 
 Exhibit A 

Service Fees 
  

					
	 Period
	 	Rate Per kW
(nameplate) Per
Year	 	Equivalent
Rate Per kWh
	 Year 1
	 	[***]	 	[***]
	 Year 2
	 	[***]	 	[***]
	 Year 3
	 	[***]	 	[***]
	 Year 4
	 	[***]	 	[***]
	 Year 5
	 	[***]	 	[***]
	 Year 6
	 	[***]	 	[***]
	 Year 7
	 	[***]	 	[***]
	 Year 8
	 	[***]	 	[***]
	 Year 9
	 	[***]	 	[***]
	 Year 10
	 	[***]	 	[***]
	 Year 11
	 	[***]	 	[***]
	 Year 12
	 	[***]	 	[***]
	 Year 13
	 	[***]	 	[***]
	 Year 14
	 	[***]	 	[***]
	 Year 15
	 	[***]	 	[***]
	 Year 16
	 	[***]	 	[***]
	 Year 17
	 	[***]	 	[***]
	 Year 18
	 	[***]	 	[***]
	 Year 19
	 	[***]	 	[***]
	 Year 20
	 	[***]	 	[***]
	 Year 21
	 	[***]	 	[***]

  

	[***]	Confidential Treatment Requested 

 EXHIBIT B 

to 
 MASTER OPERATION

 AND MAINTENANCE AGREEMENT 

EFFICIENCY BANK OPERATION EXAMPLE CALCULATION 

Exhibit B-1 

 Efficiency Bank -MOMA 

Exhibit B 

Efficiency Bank Operation Example Calculation 
  

					
	 	  	2014	 
	 Assumptions
	  			
	 Number of active Systems
	  	 	150	 
	 Nameplate capacity
	  	 	200	 
	 Hours in the year
	  	 	8760	 
	 Look back period
	  	 	30 Days	 
	 BTUs/kWh
	  	 	3,412	 
	 LHV to HHV conversion
	  	 	1.107	 
	 Actual power performance
	  	 	96	% 
		
	 One-Month Efficiency analysis
	  			
	 One-Month Efficiency Warranty
	  	 	50	% 
	 Actual system efficiency
	  	 	56	% 
		
	 Maximum MMbtu
	  	 	156,643	 
	 Actual MMbtu
	  	 	139,860	 
	 MMbtu to be drawn from Efficiency Bank
	  	 	—  	 
	 MMbtu to be deposited into Efficiency Bank
	  	 	16,783	 
		
	 Efficiency Bank beginning balance
	  	 	104,429	 
	 Change
	  	 	16,783	 
		  	  
	  
	 
	 Efficiency Bank ending balance
	  	 	121,212	 

 APPENDIX A 

to 
 MASTER OPERATION

 AND MAINTENANCE AGREEMENT 

BLOOM SYSTEMS 

[Intentionally Omitted] 

  
 Appendix A-1 

 APPENDIX B 

to 
 MASTER OPERATION

 AND MAINTENANCE AGREEMENT 

Minimum Power Product Example Calculation 

  
 Appendix B-1 

 Minimum Power Product - MOMA 

MOMA 
  

Appendix B 

Sample One-Month Minimum Power Product Example Calculation 

 

					
	 	  	2014	 
	 Assumptions
	  			
	 Number of active Systems
	  	 	150	 
	 Nameplate capacity
	  	 	200	kW 
	 One-Month Power Performance Warranty
	  	 	85	% 
		
	 Minimum Power Product Analysis
	  			
		
	 Minimum Power Product
	  	 	25,500	kW 

 Minimum Power Product - MOMA 

MOMA 
  

Appendix B 

Sample One-Year Minimum Power Product Example Calculation 

 

					
	 	  	2014	 
	 Assumptions
	  			
	 Number of active Systems
	  	 	150	 
	 Nameplate capacity
	  	 	200	kW 
	 One-Year Power Performance Warranty
	  	 	95	% 
		
	 One-Year Minimum Power Product Analysis
	  			
		
	 Minimum Power Product
	  	 	28,500	kW 

 APPENDIX C 

to 
 MASTER OPERATION

 AND MAINTENANCE AGREEMENT 

Facilities1 

All Bloom Systems now or hereafter purchased under the MESPA from and after the date such Bloom Systems are purchased, and including without
limitation those Bloom Systems detailed in the chart below from time to time, together with the BOF installed in connection with each such Bloom System at each Site. 
  

					
	 Serial No.
	  	 Site Location
	  	 Bloom
System Capacity

		  	Brookside	  	3MW Total
	IOM-5700-00076	  		  	0.2MW
	PWM-5700-00416-SH	  		  	
	PWM-5700-00417-SH	  		  	
	PWM-5700-00418-SH	  		  	
	PWM-5700-00419-SH	  		  	
	PWM-5700-00420-SH	  		  	
	PWM-5700-00421-SH	  		  	
	IOM-5700-00077	  		  	0.2MW
	PWM-5700-00422-SH	  		  	
	PWM-5700-00423-SH	  		  	
	PWM-5700-00424-SH	  		  	
	PWM-5700-00425-SH	  		  	
	PWM-5700-00426-SH	  		  	
	PWM-5700-00427-SH	  		  	
	IOM-5700-00078	  		  	0.2MW
	PWM-5700-00428-SH	  		  	
	PWM-5700-00429-SH	  		  	
	PWM-5700-00430-SH	  		  	

  

	1 	Includes Safe Harbor Systems, Bloom Systems to be ordered and delivered in Q2 2012. 

					
	PWM-5700-00431-SH	  		  	
	PWM-5700-00432-SH	  		  	
	PWM-5700-00433-SH	  		  	
	TBD – Brookside 4	  		  	0.2MW
	TBD – Brookside 5	  		  	0.2MW
	TBD – Brookside 6	  		  	0.2MW
	TBD – Brookside 7	  		  	0.2MW
	TBD – Brookside 8	  		  	0.2MW
	TBD – Brookside 9	  		  	0.2MW
	TBD – Brookside 10	  		  	0.2MW
	TBD – Brookside 11	  		  	0.2MW
	TBD – Brookside 12	  		  	0.2MW
	TBD – Brookside 13	  		  	0.2MW
	TBD – Brookside 14	  		  	0.2MW
	TBD – Brookside 15	  		  	0.2MW
			
		  	Red Lion	  	5.8MW Total
	IOM-5700-00079	  		  	0.2MW
	PWM-5700-00434-SH	  		  	
	PWM-5700-00435-SH	  		  	
	PWM-5700-00436-SH	  		  	
	PWM-5700-00437-SH	  		  	
	PWM-5700-00438-SH	  		  	
	PWM-5700-00439-SH	  		  	
	IOM-5700-00080	  		  	0.2MW
	PWM-5700-00440-SH	  		  	
	PWM-5700-00441-SH	  		  	
	PWM-5700-00442-SH	  		  	
	PWM-5700-00443-SH	  		  	
	PWM-5700-00444-SH	  		  	
	PWM-5700-00445-SH	  		  	
	Delaware001	  		  	0.2MW
			
		  	Red Lion	  	2.8MW Total
	Delaware002	  		  	0.2MW

  
 2 

					
		  	Red Lion	  	7.2MW Total
	 Delaware003
	  		  	0.2MW
	 Delaware004
	  		  	0.2MW
			
		  	Red Lion	  	11.2MW Total
	 Delaware005
	  		  	0.2MW
	 Delaware006
	  		  	0.2MW
	 Delaware007
	  		  	0.2MW

  
 3 

 APPENDIX D 

to 
 OPERATION 

AND MAINTENANCE AGREEMENT 

Power Performance Warranty Claim Example Calculation 

  
 Appendix D-1 

 Performance - MOMA 

MOMA 
  

Appendix D 

Sample One-Month Power Performance Warranty Claim Example Calculation 

 

					
	 	  	2014	 
	 Assumptions
	  			
	 Number of active Systems
	  	 	150	 
	 Nameplate capacity
	  	 	200	 
	 Hours in the year
	  	 	8760	 
	 Look back period
	  	 	30 Days	 
		
	 One-Month Power Performance Warranty
analysis
	  			
	 One-Month Power Performance Warranty
	  	 	85	% 
	 Actual system output
	  	 	80	% 
		
	 Minimum kWh
	  	 	18,360,000	 
	 Actual kWh
	  	 	17,280,000	 
	 Underperformance (kWh)
	  	 	1,080,000	 

 Performance - MOMA 

Appendix D 

Sample One-Year Power Performance Warranty Claim Example Calculation 

 

					
	 	  	2015	 
	 Assumptions
	  			
	 Number of active Systems
	  	 	150	 
	 Nameplate capacity
	  	 	200	 
	 Hours in the year
	  	 	8760	 
	 Look back period
	  	 	365 Days	 
	 Project COE - Applicable QFCP-RC Tariff disbursement
rate
	  	$	[***] /kWh	 
		
	 One-Year Power Performance Warranty
analysis
	  			
	 One-Year Power Performance Warranty
	  	 	95	% 
	 Actual system output
	  	 	80	% 
		
	 Minimum kWh
	  	 	249,660,000	 
	 Actual kWh
	  	 	210,240,000	 
	 Underperformance (kWh)
	  	 	39,420,000	 
		
	 Power Performance Warranty Payment
	  	$	[***]	 

  

	[***]	Confidential Treatment Requested 

 APPENDIX E 

to 
 OPERATION 

AND MAINTENANCE AGREEMENT 

Efficiency Warranty Claim Example Calculation 

  
 Appendix E-1 

 Efficiency - MOMA 

 

	
	 MOMA

 Appendix E 

Sample One-Month Efficiency Warranty Claim Example Calculation 

 

					
	 	  	2014	 
	 Assumptions
	  			
	 Number of active Systems
	  	 	150	 
	 Nameplate capacity
	  	 	200	 
	 Hours in the year
	  	 	8760	 
	 Look back period
	  	 	30 Days	 
	 BTUs/kWh
	  	 	3,412	 
	 LHV to HHV conversion
	  	 	1.107	 
	 Actual power performance
	  	 	96	% 
		
	 One-Month Efficiency analysis
	  			
	 One-Month Efficiency Warranty
	  	 	50	% 
	 Actual system efficiency
	  	 	48	% 
		
	 Maximum MMbtu
	  	 	156,643	 
	 Actual MMbtu
	  	 	163,170	 
	 MMbtu to be drawn from Efficiency Bank
	  	 	(6,527	) 
	 MMbtu to be deposited into Efficiency Bank
	  	 	—  	 
		
	 Efficiency Bank beginning balance
	  	 	104,429	 
	 Change
	  	 	(6,527	) 
		  	  
	  
	 
	 Efficiency Bank ending balance
	  	 	97,902	 

 APPENDIX F 

to 
 OPERATION 

AND MAINTENANCE AGREEMENT 

Gas Payment Shortfall Claim Example Calculation 

  
 Appendix F-1 

 Gas Payment - MOMA 

Appendix F 

Sample Gas Payment Shortfall Claim Example Calculation 
  

					
	 	  	2015	 
	 Assumptions
	  			
	 Number of active Systems
	  	 	150	 
	 Nameplate capacity
	  	 	200	 
	 Hours in the year
	  	 	8760	 
	 Look back period
	  	 	30 Days	 
	 BTUs/kWh
	  	 	3,412	 
	 LHV to HHV conversion
	  	 	1.107	 
	 Actual power performance
	  	 	96	% 
	 Cost of gas - Price charged under Gas Tariff for relevant period
	  	$	4.00 /MMbtu	 
		
	 Gas Shortfall analysis
	  			
	 One-Month Efficiency Warranty
	  	 	50	% 
	 Actual system efficiency
	  	 	40	% 
		
	 Maximum MMbtu
	  	 	156,643	 
	 Actual MMbtu
	  	 	195,804	 
	 MMbtu to be drawn from Efficiency Bank
	  	 	(39,161	) 
	 MMbtu to be deposited into Efficiency Bank
	  	 	—  	 
		
	 Efficiency Bank beginning balance
	  	 	30,000	 
	 Change
	  	 	(39,161	) 
		  	  
	  
	 
	 Efficiency Bank shortfall
	  	 	(9,161	) 
		
	 Gas Shortfall payment
	  	$	36,643EX-10.15

 Exhibit 10.15 

Execution Version 
  

 
  

 
 EQUITY CONTRIBUTION AGREEMENT 

Dated as of March 20, 2013 

by and among 
 BLOOM ENERGY
CORPORATION, 
 as the Contributor, 

DIAMOND STATE GENERATION PARTNERS, LLC, 

as the Company 
 and 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as the Collateral Agent 
  

 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS; INTERPRETATION
	  	 	2	 
	 Section 1.1.
	  	 Definitions
	  	 	2	 
	 Section 1.2.
	  	 Interpretation
	  	 	3	 
		
	 ARTICLE II. EQUITY CONTRIBUTIONS
	  	 	3	 
	 Section 2.1.
	  	 Equity Contributions
	  	 	3	 
	 Section 2.2.
	  	 Contribution Mechanics
	  	 	3	 
	 Section 2.3.
	  	 Deemed Equity Contributions
	  	 	3	 
		
	 ARTICLE III. BANKRUPTCY
	  	 	4	 
	 Section 3.1.
	  	 Bankruptcy Waiver by Contributor
	  	 	4	 
	 Section 3.2.
	  	 Bankruptcy Events
	  	 	4	 
		
	 ARTICLE IV. WAIVERS; UNCONDITIONALITY; SUBROGATION; REINSTATEMENT
	  	 	4	 
	 Section 4.1.
	  	 Waiver of Defenses
	  	 	4	 
	 Section 4.2.
	  	 Obligations Unconditional
	  	 	6	 
	 Section 4.3.
	  	 Subrogation
	  	 	6	 
	 Section 4.4.
	  	 Reinstatement
	  	 	7	 
		
	 ARTICLE V. PURCHASED INTERESTS IN BANKRUPTCY
	  	 	7	 
	 Section 5.1.
	  	 Required Purchase of Interests
	  	 	7	 
	 Section 5.2.
	  	 Effect of Purchase of Purchased Interests
	  	 	7	 
	 Section 5.3.
	  	 Subordinate Nature of Purchased Interests
	  	 	7	 
	 Section 5.4.
	  	 No Voting Rights
	  	 	8	 
	 Section 5.5.
	  	 Obligations Unconditional
	  	 	8	 
		
	 ARTICLE VI. REPRESENTATIONS AND WARRANTIES
	  	 	8	 
	 Section 6.1.
	  	 Organization; Authority; Powers
	  	 	8	 
	 Section 6.2.
	  	 No Conflict
	  	 	8	 
	 Section 6.3.
	  	 Enforceability
	  	 	8	 
	 Section 6.4.
	  	 No Litigation
	  	 	9	 
	 Section 6.5.
	  	 Equity Interests
	  	 	9	 
	 Section 6.6.
	  	 Compliance with Law
	  	 	9	 
	 Section 6.7.
	  	 Financial Statements
	  	 	9	 
	 Section 6.8.
	  	 Adequate Information
	  	 	9	 
	 Section 6.9.
	  	 Investment Company Act
	  	 	9	 
	 Section 6.10.
	  	 Solvency
	  	 	9	 
	 Section 6.11.
	  	 Pari Passu Obligations
	  	 	9	 
		
	 ARTICLE VII. COVENANTS
	  	 	10	 
	 Section 7.1.
	  	 Existence
	  	 	10	 
	 Section 7.2.
	  	 Compliance with Laws
	  	 	10	 
	 Section 7.3.
	  	 Fundamental Changes
	  	 	10	 
	 Section 7.4.
	  	 Further Assurances
	  	 	10	 
	 Section 7.5.
	  	 QFCP Status
	  	 	10	 

  
 i 

							
	 ARTICLE VIII. MISCELLANEOUS
	  	 	10	 
	 Section 8.1.
	  	 Notices
	  	 	10	 
	 Section 8.2.
	  	 Entire Agreement
	  	 	11	 
	 Section 8.3.
	  	 Severability
	  	 	11	 
	 Section 8.4.
	  	 Headings
	  	 	11	 
	 Section 8.5.
	  	 Governing Law
	  	 	11	 
	 Section 8.6.
	  	 Jurisdiction; Consent to Service of Process
	  	 	11	 
	 Section 8.7.
	  	 Amendments
	  	 	12	 
	 Section 8.8.
	  	 Assignments
	  	 	12	 
	 Section 8.9.
	  	 Counterparts
	  	 	13	 
	 Section 8.10.
	  	 No Waiver
	  	 	13	 
	 Section 8.11.
	  	 Specific Performance
	  	 	13	 
	 Section 8.12.
	  	 Termination
	  	 	13	 
	 Section 8.13.
	  	 Rights of Collateral Agent
	  	 	14	 

  
 ii 

 This EQUITY CONTRIBUTION AGREEMENT (this “Agreement”), dated as of
March 20, 2013, is entered into by and among BLOOM ENERGY CORPORATION, a Delaware corporation (the “Contributor”), DIAMOND STATE GENERATION PARTNERS, LLC, a Delaware limited liability company (the “Company”)
and DEUTSCHE BANK TRUST COMPANY AMERICAS, as the Collateral Agent under the Collateral Agency Agreement referenced below (in such capacity, together with any successor Collateral Agent appointed pursuant to the Collateral Agency Agreement, the
“Collateral Agent”). Capitalized terms used in this Agreement are defined as set forth in Section 1.1. 

R E C I T A L S: 

WHEREAS, the Company intends to develop, construct, install, finance, own, operate and maintain a portfolio of fuel cell electricity
generators with an aggregate capacity of 30 MW, to be located on one or more sites in New Castle County, Delaware; 
 WHEREAS, in order to
finance the development, construction, installation, testing, leasing, operation and use of the Project and the acquisition of certain other assets related thereto, the Company has entered into that certain Note Purchase Agreement, dated as of
March 20, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Note Purchase Agreement”) with the purchasers party thereto (together with any of their successors or assigns and
including any Holder of a Note, the “Purchasers”), pursuant to which the Company will issue Notes to the Purchasers in an aggregate amount equal to $144,812,500; 

WHEREAS, the Company has entered into that certain Collateral Agency Agreement, dated as of March 20, 2013 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Collateral Agency Agreement”) with the Purchasers and the Collateral Agent; 

WHEREAS, the Contributor indirectly owns 100% of the Class A membership interests in Diamond State Generation Holdings, LLC (the
“Pledgor”), and the Pledgor directly owns 100% of the equity interests in the Company; 
 WHEREAS, the Contributor has
agreed to make or cause to be made an Equity Contribution as provided in the Note Purchase Agreement to the Company following the occurrence of a Rating Event and in accordance with the terms hereof; and 

WHEREAS, in order to induce the Secured Parties to enter into the Credit Documents, the parties have agreed to the provisions set forth in
this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing premises and the agreements, provisions and covenants herein contained,
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

 A G R E E M E N T: 

ARTICLE I. 
 DEFINITIONS;
INTERPRETATION 
 Section 1.1. Definitions. Each capitalized term used and not otherwise defined herein (including in the
introductory paragraph and recitals hereto) shall have the meaning assigned to such term (whether directly or by reference to another agreement or document) in the Note Purchase Agreement. In addition to the terms defined in the Note Purchase
Agreement, the following terms used herein, including in the introductory paragraph and recitals hereto, shall have the following meanings: 

“Agreement” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Collateral Agency Agreement” shall have the meaning assigned to such term in the recitals to this Agreement. 

“Collateral Agent” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Company” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Contributor” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“Defaulted Payment” shall have the meaning assigned to such term in Section 5.1. 

“Discharge Date” shall have the meaning set forth in the Collateral Agency Agreement. 

“Equity Contribution” shall mean, without duplication, (a) a deemed (in accordance with Section 2.3) cash
equity contribution by the Contributor to the Pledgor and (b) a deemed (in accordance with Section 2.3) cash equity contribution (with the cash equity contribution made under clause (a) above) by the Pledgor to the Company.

 “Material Adverse Effect” shall mean a material and adverse effect on the Contributor’s ability to perform its
obligations under this Agreement. 
 “Note Purchase Agreement” shall have the meaning assigned to such term in the recitals
to this Agreement. 
 “Note Redemption Account” shall have the meaning assigned to such term in the Depositary Agreement.

 “Pledgor” shall have the meaning assigned to such term in the recitals to this Agreement. 

“Purchased Interest” shall have the meaning assigned to such term in Section 5.1. 

  
 2 

 “Purchase Notice” shall have the meaning assigned to such term in
Section 2.1(a). 
 “Purchasers” shall have the meaning assigned to such term in the recitals to this Agreement.

 “Required Equity Contribution” shall have the meaning assigned to such term in Section 2.1(a). 

Section 1.2. Interpretation. Unless otherwise provided herein, the rules of interpretation set forth in the Note Purchase
Agreement shall apply, mutatis mutandis, to this Agreement (including its introductory paragraph and recitals). 
 ARTICLE II. 

EQUITY CONTRIBUTIONS 

Section 2.1. Equity Contributions. 

(a) Required Equity Contribution. If at any time prior to the Discharge Date (i) a Rating Event occurs and (ii) the Company
delivers to each Holder of a Note an Offer to Repay Notice pursuant to Section 8.1.3(b) of the Note Purchase Agreement and the Company receives from any Holder of a Note a written notice under Section 8.1.3(b) of the Note Purchase
Agreement accepting the Company’s Offer to Repay pursuant to Section 9.23 of the Note Purchase Agreement (a “Purchase Notice”), the Contributor shall make, or cause to be made, an Equity Contribution (the “Required
Equity Contribution”), in accordance with the mechanics set forth in Section 2.2, in an amount equal to the principal amount of Notes plus accrued interest specified in the Purchase Notice. 

(b) No Limitation on Voluntary Equity Contributions. Nothing herein shall be construed to prohibit or otherwise limit the Contributor
or any of its Affiliates from depositing or causing to be deposited voluntary Equity Contributions at the time and in the amount elected by the Contributor in its sole discretion. 

Section 2.2. Contribution Mechanics. The Contributor shall make the Required Equity Contribution by depositing an amount equal to
such Required Equity Contribution in the Note Redemption Account no later than 10:00 a.m. (New York City time) on the Offer Settlement Date. 

Section 2.3. Deemed Equity Contributions. Upon the deposit by the Contributor of an Equity Contribution in the Note Redemption
Account pursuant to Section 2.1 and 2.2, and notwithstanding that any such amounts shall be deposited directly into the Note Redemption Account, (i) the Contributor shall be deemed to have made an equity contribution to the Pledgor in the
amount of such Equity Contribution or deposited or transferred amount and (ii) the Pledgor shall be deemed to have made an equity contribution to the Company in the amount of such Equity Contribution or deposited or transferred amount. 

  
 3 

 ARTICLE III. 

BANKRUPTCY 
 Section 3.1.
Bankruptcy Waiver by Contributor. The Contributor hereby irrevocably waives, to the extent it may do so under applicable Governmental Rules, any protection to which it may be entitled under Sections 365(c)(1), 365(c)(2) and 365(e)(2) of the
Bankruptcy Code of the United States or equivalent provisions of any other Debtor Relief Laws, or any successor provision of any Debtor Relief Law of similar import, in the event of any Bankruptcy Event with respect to the Company or Pledgor.
Specifically, in the event that the trustee (or similar official) in a Bankruptcy Event with respect to the Company or Pledgor or the debtor-in-possession takes any action (including the institution of any action, suit or other proceeding for the
purpose of enforcing the rights of the Company under this Agreement), the Contributor shall not assert any defense, claim or counterclaim denying liability hereunder on the basis that this Agreement is an executory contract or a “financial
accommodation” that cannot be assumed, assigned or enforced or on any other theory directly or indirectly based on Section 365(c)(1), 365(c)(2) or 365(e)(2) of the Bankruptcy Code of the United States or equivalent provisions of any other
Debtor Relief Laws, or any successor provision of any Debtor Relief Law of similar import. If a Bankruptcy Event with respect to the Company or Pledgor shall occur, the Contributor agrees, after the occurrence of such Bankruptcy Event, to reconfirm
in writing, to the extent permitted by applicable Governmental Rules, its pre-petition waiver of any protection to which it may be entitled under Sections 365(c)(1), 365(c)(2) and 365(e)(2) of the Bankruptcy Code of the United States or equivalent
provisions of any other Debtor Relief Laws, or any successor provision of any Debtor Relief Law of similar import, and, to give effect to such waiver, the Contributor consents, to the extent permitted by applicable Governmental Rules, to the
assumption and enforcement of each provision of this Agreement by the debtor-in-possession or the Company’s or Pledgor’s trustee in bankruptcy, as the case may be. 

Section 3.2. Bankruptcy Events. No obligation of the Contributor under this Agreement shall be altered, limited or affected by any
Bankruptcy Event relating to the Company or Pledgor, or by any defense which the Company may have by reason of any order, decree or decision of any court or administrative body resulting from any such Bankruptcy Event. 

ARTICLE IV. 
 WAIVERS;
UNCONDITIONALITY; SUBROGATION; REINSTATEMENT 
 Section 4.1. Waiver of Defenses. The Contributor hereby unconditionally and
irrevocably waives and relinquishes, to the maximum extent permitted by applicable Governmental Rules, all rights or remedies accorded by applicable Governmental Rules to sureties or guarantors and agrees not to assert or take advantage of any such
right or remedies, including: 
 (a) any right to require any Secured Party to proceed against the Company or any other
Person or to proceed against or exhaust any security held by any Secured Party at any time or to pursue any other remedy in any Secured Party’s power before proceeding against the Contributor to enforce the provisions of this Agreement; 

  
 4 

 (b) any defense that may arise by reason of the incapacity, lack of power or
authority, death, dissolution, merger, termination or disability of the Company, Pledgor or any other Person or the failure of any Secured Party to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of
the Company, Pledgor or any other Person; 
 (c) demand, presentment, protest and notice of any kind (other than any notice
expressly contemplated herein or in the Note Purchase Agreement), creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part of the Company, Pledgor or any Secured Party, any endorser or
creditor of the foregoing or on the part of any other Person under any Credit Document; 
 (d) any defense based upon an
election of remedies by the Secured Parties, including an election to proceed by non-judicial rather than judicial foreclosure, which destroys or otherwise impairs the subrogation rights of the Contributor, the right of the Contributor to proceed
against the Company, Pledgor or another Person for reimbursement, or both; 
 (e) any defense based on any offset against any
amounts which may be owed by any Person to the Contributor, the Company or Pledgor or for any reason whatsoever; 
 (f) any
defense based upon any Governmental Rule which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; 

(g) any defense based on any failure to act, delay or omission whatsoever on the part of the Company, Pledgor or the
Contributor or the failure by the Company, Pledgor or the Contributor to do any act or thing or to observe or perform any covenant, condition or agreement to be observed or performed by it under the Credit Documents; 

(h) any defense, setoff or counterclaim which may at any time be available to or asserted by the Company, Pledgor or the
Contributor against any Secured Party or any other Person under the Credit Documents based on or related to the bankruptcy or insolvency of the Company or Pledgor; 

(i) any duty on the part of any Secured Party to disclose to the Contributor any facts such Secured Party may now or hereafter
know about the Company or Pledgor, regardless of whether such Secured Party has reason to believe that any such facts materially increase the risk beyond that which the Contributor intends to assume, or have reason to believe that such facts are
unknown to the Contributor, or have a reasonable opportunity to communicate such facts to the Contributor (the Contributor acknowledging that it is fully responsible for being and keeping informed of the financial condition of the Company and
Pledgor); 
 (j) any defense based on any change in the time, manner or place of any payment under, or in any other term of,
the Credit Documents or any other amendment, renewal, extension, acceleration, compromise or waiver of or any consent to departure from the terms of the Credit Documents (other than this Agreement); 

  
 5 

 (k) any defense based upon any borrowing or grant of a security interest under
Section 364 of the Bankruptcy Code of the United States; and 
 (l) any other circumstance (including any statute of
limitations) or any existence of or reliance on any representation by any Secured Party that might otherwise constitute a defense available to, or discharge of, any guarantor or surety (other than setoff against the Contributor or, subject to
Section 4.4, the defense of payment of the applicable amounts). 
 Section 4.2. Obligations Unconditional. All
rights of the Secured Parties and all obligations of the Contributor hereunder shall be absolute and unconditional irrespective of: 

(a) any lack of validity, legality or enforceability of any Credit Document (other than this Agreement); 

(b) the failure of any Secured Party to (i) assert any claim or demand or to enforce any right or remedy against the
Company, Pledgor, the Contributor or any other Person under the provisions of the Credit Documents or otherwise or (ii) exercise any right or remedy against any Collateral; 

(c) any change in the time, manner or place of payment of, or in any other term of, all or any portion of the Obligations, or
any other extension or renewal of any obligation of the Company, Pledgor, the Contributor or otherwise; 
 (d) any reduction,
limitation, impairment or termination of any of the Obligations for any reason other than the full payment in cash thereof or the occurrence of the Discharge Date, including any claim of waiver, release, surrender, alteration or compromise; 

(e) any amendment to, rescission, waiver or other modification of, or any consent to departure from, any term of any Credit
Document unless entered into and approved in accordance therewith; 
 (f) any addition, exchange, release, surrender or
non-perfection of any collateral, or any amendment to or waiver or release or addition of, or consent to departure from, any other security interest held by any Secured Party; or 

(g) any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of, the
Company, Pledgor, the Contributor or any surety or guarantor (other than the defense of payment of the applicable amounts). 

Section 4.3. Subrogation. Prior to the Discharge Date, the Contributor waives any claim, right or remedy which it may now have or
hereafter acquire against the Company that arises hereunder and/or from the performance by the Contributor of its obligations hereunder, whether or not such claim, right or remedy arises in equity, under contract, by statute, under common law or
otherwise. Any amount paid by the Company to the Contributor in violation of the immediately preceding sentence prior to the Discharge Date shall be held in trust for the benefit of the Collateral Agent (on behalf of the Secured Parties) and shall
promptly thereafter be paid to the Collateral Agent for application in accordance with the Credit Documents. 

  
 6 

 Section 4.4. Reinstatement. This Agreement and the obligations of the Contributor and
the Company hereunder shall automatically be reinstated if and to the extent that for any reason any payment made by or on behalf of the Contributor in respect of any portion of the Required Equity Contribution pursuant to this Agreement is
rescinded or otherwise restored to the Contributor or the Company, whether as a result of any Bankruptcy Event with respect to the Company, Pledgor or any other Person or as a result of any settlement or compromise with any Person (including the
Contributor) in respect of such payment, in each case as if such payment had not been made; provided however that any such reinstated obligations shall be subject to the conditions to the making of an Equity Contribution that are set forth in
Article II. 
 ARTICLE V. 

PURCHASED INTERESTS IN BANKRUPTCY 

Section 5.1. Required Purchase of Interests. If by reason of a Bankruptcy Event with respect to the Contributor, Pledgor or the
Company, or any act of a Governmental Authority, (a) any Equity Contribution due hereunder has not been deposited in the Note Redemption Account within five Business Days after the date on which such amount is payable hereunder or (b) any
Equity Contribution theretofore deposited pursuant to Article II is rescinded or otherwise restored to the Contributor and five Business Days have elapsed after the date that such Equity Contribution was rescinded or otherwise restored (such Equity
Contribution, whether required but not made as provided in clause (a) above or made and returned as provided in clause (b) above, the “Defaulted Payment”), the Contributor shall, without any further notice or demand by the
Collateral Agent, purchase the Notes then outstanding from Holders of Notes who submitted a Purchase Notice (the “Purchased Interests”) as provided in the following sentence, in an aggregate principal amount equal to the amount of the
Defaulted Payment. The purchase by the Contributor of the Purchased Interests pursuant to this Section 5.1 shall be at par (plus accrued interest) and shall comply with all Governmental Rules and all such Notes so purchased shall be held by the
Contributor until such time as it is able to contribute all Notes to the Company for cancellation. The failure of any Holders of Notes to tender its Notes pursuant to the such tender offer shall not result in a Default or Event of Default, and the
Contributor’s obligation in any such circumstance shall be to pay any amounts that would otherwise have been paid to non-tendering Holders of the Notes to the Company as promptly as the Contributor is able to do so. 

Section 5.2. Effect of Purchase of Purchased Interests. The Contributor’s purchase of the Purchased Interests following a
Defaulted Payment in respect of Equity Contributions shall satisfy the Contributor’s obligation pursuant to Section 2.1 to make Equity Contributions to the extent of the Purchased Interests so purchased by the Contributor. 

Section 5.3. Subordinate Nature of Purchased Interests. The Contributor hereby agrees that the Purchased Interests shall be
subordinate in all respects to the interests in the Notes retained by the Secured Parties, so that all payments received or collected on account of the Purchased Interests and applied to the payment or termination thereof, whether received or
collected through repayment of the Purchased Interests by the Company or through right of set-off with respect thereto or realization upon any Collateral or otherwise, shall first be applied to 

  
 7 

 
the payment of the principal, interest, fees and other amounts then due (whether at its stated maturity, by acceleration or otherwise) on the interests in the Notes retained by the Secured
Parties until such principal, interest, fees and other amounts are paid in cash in full, before any such payments are applied on account of the Purchased Interests. 

Section 5.4. No Voting Rights. In determining whether the consent of the applicable Secured Parties required for any action under
a Credit Document has been obtained for all purposes under the Credit Documents, the Purchased Interests shall not be deemed to be outstanding. 

Section 5.5. Obligations Unconditional. The obligations of the Contributor under this Article V to purchase the Purchased
Interests are absolute and unconditional and shall not be affected by the occurrence of any Default or Event of Default or any other circumstance, including any circumstance of the nature described in Section 4.2. 

ARTICLE VI. 
 REPRESENTATIONS AND
WARRANTIES 
 The Contributor represents and warrants to the Company and the Collateral Agent (on behalf of the Secured Parties), as of the
Closing Date and each other relevant date set forth in the Credit Documents, that: 
 Section 6.1. Organization; Authority;
Powers. The Contributor (a) is duly incorporated, validly existing and in good standing under the laws of its jurisdiction of organization, (b) has all requisite corporate power and authority to (i) own or hold under lease and
operate the property and assets it purports to own or hold under lease, (ii) carry on its business as now conducted and as now proposed to be conducted and (iii) to execute, deliver and perform its obligations under this Agreement, and
(c) is qualified to do business and in good standing in each jurisdiction where such qualification is required by law, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. The execution, delivery
and performance by the Contributor of this Agreement have been duly authorized by all corporate action required to be taken or obtained by the Contributor. 

Section 6.2. No Conflict. The execution, delivery and performance by the Contributor of this Agreement will not (a) violate
(i) the organizational or governing documents of the Contributor, (ii) any provision of any Governmental Rule applicable to or binding on the Contributor or any of its properties or (iii) any applicable order of any court or any rule,
regulation or order of any Governmental Authority, (b) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or
acceleration of any right or obligation (including any payment) or to a loss of a benefit under any agreement or other instrument to which the Contributor is a party or by which it or any of its property is or may be bound, or (c) result in the
creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Contributor. 

Section 6.3. Enforceability. This Agreement has been duly executed and delivered by the Contributor and, assuming due
authorization, execution and delivery by each other party 

  
 8 

 
hereto, this Agreement constitutes a legal, valid and binding obligation of the Contributor enforceable against the Contributor in accordance with its terms, subject to (a) the effects of
bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law). 
 Section 6.4. No Litigation. There are no actions, suits, investigations or proceedings by or
before any arbitrator or Governmental Authority pending against or, to the knowledge of the Contributor, threatened against or affecting the Contributor that, if adversely determined to or against the Contributor, could reasonably be expected to
have a Material Adverse Effect. 
 Section 6.5. Equity Interests. The Contributor indirectly owns 100% of the outstanding
Class A membership interests in Pledgor, and Pledgor directly owns 100% of the outstanding equity interests in the Company. 

Section 6.6. Compliance with Law. The Contributor is in compliance with all applicable Governmental Rules, other than any
non-compliance that could not reasonably be expected to have a Material Adverse Effect. 
 Section 6.7. Financial Statements. In
the case of the financial statements of the Contributor most recently delivered to the Secured Parties pursuant to Section 5.5 or 7.1, as applicable, of the Note Purchase Agreement, each such financial statement and information has been
prepared in conformity with GAAP and fairly presents, in all material respects, the financial position of the Contributor described in such financial statements as at the respective dates thereof and the results of operations and cash flows of the
Contributor described therein for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments. 

Section 6.8. Adequate Information. The Contributor is informed of the financial condition and prospects of the Company and has
reviewed and is familiar with the terms of the Credit Documents that are material to its obligations hereunder. 
 Section 6.9.
Investment Company Act. The Contributor is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

Section 6.10. Solvency. The Contributor is Solvent. 

Section 6.11. Pari Passu Obligations. The Contributor’s obligation to make the Required Equity
Contribution as required hereunder ranks, according to its terms, at least pari passu with the Contributor’s obligations under its outstanding senior unsecured Debt. 

  
 9 

 ARTICLE VII. 

COVENANTS 
 The Contributor
covenants and agrees to comply with the following covenants at all times prior to the Discharge Date: 
 Section 7.1. Existence.
Subject to Section 7.3, the Contributor shall maintain and preserve its existence. 
 Section 7.2. Compliance with Laws.
The Contributor shall comply with all applicable Governmental Rules, except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect. 

Section 7.3. Fundamental Changes. The Contributor shall not liquidate, terminate, wind-up or dissolve, or combine, merge or
consolidate with or into any other entity, other than any such merger in which (a) the Contributor is the surviving Person or (b) if another Person is the surviving Person, such Person shall have assumed in writing or by operation of law
the obligations of the Contributor under this Agreement. 
 Section 7.4. Further Assurances. The Contributor shall perform, upon
the reasonable request of the Collateral Agent or as necessary, all reasonable acts as may be necessary to carry out the intent of this Agreement. 

Section 7.5. QFCP Status. The Contributor shall take no action (or fail to take any action) that would result in the loss of
eligibility of the Company as a QFCP Generator under the Tariff. 
 ARTICLE VIII. 

MISCELLANEOUS 
 Section 8.1.
Notices. All notices required or permitted under the terms and provisions hereof shall be in writing, and any such notice shall become effective upon delivery in accordance with Article 18 of the Note Purchase Agreement. Notices to the
Company or the Purchasers may be given at the addresses set forth in Article 18 of the Note Purchase Agreement (or as otherwise instructed in writing by such Person to the other parties hereto), and notices to the Contributor or the Collateral Agent
may be given at the address set forth below (or as otherwise instructed in writing by the Contributor or the Collateral Agent to the other parties hereto): 

Contributor: 
 Bloom Energy
Corporation 
 1299 Orleans Drive 

Sunnyvale, CA 94089-1137 
 Attn:
Scott Reynolds 
 Telephone: (408) 543-1551 

Fax: (408) 543-1501 

Collateral Agent: 
 Deutsche
Bank Trust Company Americas 
 60 Wall Street 

MSNYC 60-2710 
 New York, NY
10005 

  
 10 

 Attention: Trust and Agency Services 

Telephone: (212) 250-7863 

Facsimile: (732) 578-4593 

with a copy to: 
 Deutsche Bank
National Trust Company for 
 Deutsche Bank Trust Company Americas 

Global Transaction Banking 

Trust and Securities Services 

100 Plaza One – 6th Floor 

MSJCY 03-0699 
 Jersey City, NJ
07311-3901 
 Facsimile: (732) 380-2345 

Section 8.2. Entire Agreement. This Agreement constitutes the entire contract between the parties relative to the subject matter
hereof. Any previous agreement, whether written or oral, among the parties or their Affiliates with respect to the subject matter hereof is superseded by this Agreement. 

Section 8.3. Severability. In case any provision in or obligation hereunder shall be invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions or obligations shall not in any way be affected or impaired thereby. If any such provision of this Agreement is so declared invalid or unenforceable, the parties shall
promptly negotiate in good faith new provisions to eliminate such invalidity and to restore this Agreement as near as possible to its original intent and effect. 

Section 8.4. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 8.5. Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall
be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

Section 8.6. Jurisdiction; Consent to Service of Process. 

(a) Each party hereto irrevocably submits to the non-exclusive jurisdiction of any New York State or federal court sitting in the Borough of
Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Agreement. To the fullest extent permitted by applicable law, the parties irrevocably waive and agree not to assert, by way of motion, as a
defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim
that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

  
 11 

 (b) Each party hereto consents to process being served in any suit, action or proceeding by
mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it at its address specified in Section 8.1 or at such other address of which such party shall
then have been notified pursuant to said Section. Each party hereto agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it in any such suit, action or proceeding and (ii) shall, to
the fullest extent permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be conclusively presumed received as evidenced by a delivery receipt furnished by the United
States Postal Service or any reputable commercial delivery service. 
 (c) The parties hereto hereby waive trial by jury in any action
brought on or with respect to this Agreement. 
 Section 8.7. Amendments. No amendment, supplement or waiver of any provision of
this Agreement nor consent to any departure by any of the parties hereto from any provision of this Agreement shall in any event be effective unless the same shall be in writing and signed by each of the parties hereto. Any such amendment,
supplement, waiver or consent shall be effective only in the specific instance and for the specified purpose for which given. 

Section 8.8. Assignments. 

(a) General. This Agreement and the rights, interests or obligations hereunder may not be assigned by any of the parties hereto without
the prior written consent of the other parties hereto; provided however that (a) the Company may, without consent of the other parties, collaterally assign its rights under this Agreement to the Collateral Agent, for the benefit
of the Secured Parties, as collateral security for the Obligations of the Company pursuant to the Security Agreement (and as further described in Section 8.8(b)) and (b) the Contributor may, without consent of the other parties,
assign its rights under this Agreement as permitted under Section 7.3. This Agreement shall inure to the benefit of and be binding upon the Contributor, the Company and the Collateral Agent (on behalf of the Secured Parties), and their
respective successors and permitted assigns. Nothing in this Agreement will confer upon any Person not a party to this Agreement, or the legal representatives of such person or entity, any rights or remedies of any nature or kind whatsoever under or
by reason of this Agreement. Any purported assignment of this Agreement in violation of this Section 8.8 shall be null and void and shall be ineffective to relieve any party of its obligations hereunder. 

(b) Consent to Collateral Assignment. The Contributor hereby consents to the collateral assignment by the Company of all of its right,
title and interest in, to and under this Agreement to the Collateral Agent (for the benefit of the Secured Parties) pursuant to the Security Agreement. The Contributor and the Company agree that the Collateral Agent (or its designee or assignee)
shall, subject to the Collateral Agency Agreement, be entitled to enforce this Agreement in its own name and to exercise any and all rights of the Company under this Agreement in accordance with the terms hereof (either in its own name or in the
name of the Company, as the Collateral Agent may elect), and the Contributor and the Company agree to comply and cooperate in all respects with such exercise. Without limiting the generality of the foregoing, upon the occurrence and during the
continuance of an Event of Default or upon the 

  
 12 

 
delivery to the Company of a Purchase Notice and the failure of the Contributor to make the Required Equity Contribution within the period specified in Section 2.2, the Collateral
Agent (or its designee or assignee), subject to the Collateral Agency Agreement, shall have the full right and power to enforce directly against the Contributor all obligations of the Contributor under this Agreement and otherwise to exercise all
remedies available to the Company hereunder, and to make all demands and give all notices and make all requests (either in its own name or in the name of the Company, as the Collateral Agent may elect) required or permitted to be made or given by
the Company under this Agreement (including the right to make demand for payment of Equity Contributions in accordance with Section 2.2), and the Contributor acknowledges and agrees that any such action taken by the Collateral Agent
shall be deemed effective for all purposes of this Agreement to the same extent as if such action had been taken directly by the Company. If the Contributor shall receive inconsistent directions under this Agreement from the Company and the
Collateral Agent, the directions of the Collateral Agent shall be deemed the superseding directions (so long as such directions are consistent with the provisions of this Agreement) and the Contributor shall accordingly comply with such directions
of the Collateral Agent. 
 Section 8.9. Counterparts. This Agreement may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart to this Agreement by facsimile transmission or electronic
transmission in “.pdf” format shall be as effective as delivery of a manually signed original. 
 Section 8.10. No
Waiver. No failure on the part of the Collateral Agent to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy
by the Collateral Agent preclude any other or further exercise thereof or the exercise of any other right, power or remedy. All remedies hereunder are cumulative and are not exclusive of any other remedies provided by applicable law. The Collateral
Agent shall not be deemed to have waived any rights hereunder or under any other agreement or instrument unless such waiver shall be in writing and signed by the Collateral Agent. 

Section 8.11. Specific Performance. To the extent it may do so under applicable Governmental Rules, the Collateral Agent may
demand specific performance of this Agreement. The Contributor hereby irrevocably waives, to the extent it may do so under applicable Governmental Rules, any defense based on the adequacy of a remedy at law that may be asserted as a bar to the
remedy of specific performance in any action brought against the Contributor for specific performance of this Agreement by the Collateral Agent or for its benefit by a receiver, custodian or trustee appointed for the Company or Pledgor, or in
respect of all or a substantial part of their respective assets, under any Debtor Relief Law. 
 Section 8.12. Termination. Upon
the Discharge Date, and except for the terms hereof that expressly survive termination and, except as provided in Section 4.4, this Agreement shall terminate and be of no further force and effect. 

  
 13 

 Section 8.13. Rights of Collateral Agent. The Collateral Agent is entitled to the rights,
privileges, protections, immunities, benefits and indemnities set forth in the Collateral Agency Agreement and the respective Credit Documents as if specifically set forth herein. 

[Signature page follows.] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Equity Contribution Agreement to be duly
executed by their respective authorized representatives as of the day and year first written above. 
  

			
	 BLOOM ENERGY CORPORATION,
 as the
Contributor

		
	By:	 	/s/ Martin Collins
		 	  

	Name:	 	Martin Collins
	Title:	 	VP
	
	DIAMOND STATE GENERATION PARTNERS, LLC,
	as the Company
		
	By:	 	/s/ William E. Brockenborough
		 	  

	Name:	 	William E. Brockenborough
	Title:	 	President

 Equity Contribution Agreement 

 
			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as the Collateral Agent

	
	By: DEUTSCHE BANK NATIONAL TRUST COMPANY
		
	By:	 	/s/ Wanda Camacho
		 	  

	Name:	 	Wanda Camacho
	Title:	 	Vice President
		
	By:	 	/s/ Rodney Gaughan
		 	  

	Name:	 	RODNEY GAUGHAN
	Title:	 	VICE PRESIDENT

 Equity Contribution Agreement

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