Document:

EX-10.22

 Exhibit 10.22 

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. 
  

 
  

DEPOSITARY AGREEMENT 

among 
 DIAMOND STATE
GENERATION PARTNERS, LLC, 
 a Delaware limited liability company, 

as the Company 
 and 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Collateral Agent 
 and 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Depositary 
 Dated as of
March 20, 2013 
  
  

 

 TABLE OF CONTENTS 

 

											
	 	 	 	 	 	 	 	  	Page	 
		
	 ARTICLE 1. DEFINED TERMS
	  	 	1	 
				
		 	1.1	 	 Defined Terms
	  	 	1	 
		 	1.2	 	 Undefined Terms
	  	 	5	 
		 	1.3	 	 Rules of Interpretation
	  	 	5	 
		
	 ARTICLE 2. ESTABLISHMENT AND ADMINISTRATION OF ACCOUNTS
	  	 	5	 
				
		 	2.1	 	 Establishment of Accounts with Depositary
	  	 	5	 
		 	2.2	 	 Permitted Investments
	  	 	6	 
					
		 		 	 2.2.1
	 	 Directing the Making of Investments
	  	 	6	 
		 		 	 2.2.2
	 	 Application of Permitted Investments
	  	 	7	 
		 		 	 2.2.3
	 	 Earnings
	  	 	7	 
		 		 	 2.2.4
	 	 Liquidation of Investments for Distributions
	  	 	7	 
		 		 	 2.2.5
	 	 Value of Permitted Investments
	  	 	7	 
		 		 	 2.2.6
	 	 Security Interest
	  	 	8	 
				
		 	2.3	 	 Books of Account; Statements; Etc.
	  	 	8	 
		 	2.4	 	 Adequate Instruction; Sufficiency of Funds
	  	 	8	 
		 	2.5	 	 Power of Attorney
	  	 	9	 
		 	2.6	 	 Interest
	  	 	9	 
		 	2.7	 	 Actions by Collateral Agent
	  	 	9	 
		
	 ARTICLE 3. PROJECT ACCOUNTS
	  	 	9	 
				
		 	3.1	 	 Account Withdrawals, Transfers and Payments
	  	 	9	 
					
		 		 	 3.1.1
	 	 General Procedures
	  	 	9	 
		 		 	 3.1.2
	 	 Account Withdrawal Documents
	  	 	10	 
		 		 	 3.1.3
	 	 Withdrawal and Transfers
	  	 	10	 
				
		 	3.2	 	 Construction Escrow Account
	  	 	10	 
					
		 		 	 3.2.1
	 	 Deposits into the Construction Escrow Account
	  	 	10	 
		 		 	 3.2.2
	 	 Disbursements from the Construction Escrow Account
	  	 	11	 
				
		 	3.3	 	 Revenue Account
	  	 	11	 
					
		 		 	 3.3.1
	 	 Deposits into Revenue Account
	  	 	11	 
		 		 	 3.3.2
	 	 Disbursements from the Revenue Account
	  	 	11	 
				
		 	3.4	 	 Operating Account
	  	 	13	 
					
		 		 	 3.4.1
	 	 Deposits into the Operating Account
	  	 	13	 
		 		 	 3.4.2
	 	 Disbursements from the Operating Account
	  	 	13	 
				
		 	3.5	 	 IDC Reserve Account
	  	 	14	 
					
		 		 	 3.5.1
	 	 Deposit into the IDC Reserve Account
	  	 	14	 
		 		 	 3.5.2
	 	 Disbursements from the IDC Reserve Account
	  	 	14	 

  
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		 	3.6	 	 Debt Service Reserve Account
	  	 	14	 
					
		 		 	3.6.1	 	 Deposit into the Debt Service Reserve Account
	  	 	14	 
		 		 	3.6.2	 	 Withdrawals from the Debt Service Reserve Account
	  	 	14	 
		 		 	3.6.3	 	 Disbursement of Excess Amounts from the Debt Service Reserve Account
	  	 	15	 
				
		 	3.7	 	 Loss Proceeds Account
	  	 	15	 
					
		 		 	3.7.1	 	 Deposit into the Loss Proceeds Account
	  	 	15	 
		 		 	3.7.2	 	 Withdrawals from the Loss Proceeds Account
	  	 	15	 
		 		 	3.7.3	 	 Surplus Proceeds
	  	 	17	 
				
		 	3.8	 	 Distribution Suspense Account
	  	 	17	 
					
		 		 	3.8.1	 	 Deposits to the Distribution Suspense Account
	  	 	17	 
		 		 	3.8.2	 	 Transfers and Payments from the Distribution Suspense Account
	  	 	17	 
				
		 	3.9	 	 Note Redemption Account
	  	 	17	 
					
		 		 	3.9.1	 	 Deposits to the Note Redemption Account
	  	 	17	 
		 		 	3.9.2	 	 Transfers from the Note Redemption Account
	  	 	18	 
				
		 	3.10	 	 Cash Grant Account
	  	 	18	 
		
	 ARTICLE 4. SECURITY AND RELATED PROVISIONS; SECURITIES INTERMEDIARY
	  	 	18	 
				
		 	4.1	 	 Securities Accounts; Deposit Accounts
	  	 	18	 
		 	4.2	 	 Certain Rights and Powers in Respect of Accounts and Funds
	  	 	19	 
					
		 		 	4.2.1	 	 Rights to Accounts
	  	 	19	 
		 		 	4.2.2	 	 Certain Additional Powers of Collateral Agent and Depositary
	  	 	19	 
		 		 	4.2.3	 	 Control
	  	 	20	 
				
		 	4.3	 	 Security Interest; Grant Pursuant to Security Agreement
	  	 	21	 
					
		 		 	4.3.1	 	 Acknowledgment
	  	 	21	 
				
		 	4.4	 	 Perfection; Further Assurances
	  	 	21	 
		 	4.5	 	 Other Liens; Adverse Claim
	  	 	21	 
		 	4.6	 	 Duties and Certain Rights of Depositary
	  	 	22	 
					
		 		 	4.6.1	 	 General
	  	 	22	 
		 		 	4.6.2	 	 Appointment
	  	 	23	 
		 		 	4.6.3	 	 Negative Pledge
	  	 	23	 
		 		 	4.6.4	 	 Instructions Upon an Event of Default
	  	 	23	 
		 		 	4.6.5	 	 Standard of Care
	  	 	24	 
		 		 	4.6.6	 	 Action Upon Notices; Exercise of Judgment
	  	 	24	 
		 		 	4.6.7	 	 Indemnification and Liability
	  	 	24	 
		 		 	4.6.8	 	 Court Orders
	  	 	25	 
		 		 	4.6.9	 	 Resignation and Termination
	  	 	26	 
		 		 	4.6.10	 	 Directions and Instructions to the Depositary
	  	 	26	 
		 		 	4.6.11	 	 Individual Capacity
	  	 	27	 
		 		 	4.6.12	 	 Duties
	  	 	27	 
		 		 	4.6.13	 	 Succession
	  	 	27	 

  
 ii 

											
		 	4.7	 	 Remedies
	  	 	27	 
		 	4.8	 	 Costs, Expenses and Attorneys’ Fees
	  	 	28	 
		 	4.9	 	 Additional Rights of Collateral Agent and Depositary
	  	 	28	 
					
		 		 	4.9.1	 	 Actions
	  	 	28	 
		 		 	4.9.2	 	 No Responsibility for Statements, Etc.
	  	 	29	 
		 		 	4.9.3	 	 Collateral
	  	 	29	 
				
		 	4.10	 	 Non-Business Days
	  	 	29	 
		
	 ARTICLE 5. TERMINATION OF AGREEMENT
	  	 	29	 
		
	 ARTICLE 6. MISCELLANEOUS
	  	 	30	 
				
		 	6.1	 	 Notices
	  	 	30	 
		 	6.2	 	 Benefit of Agreement
	  	 	31	 
		 	6.3	 	 Delay and Waiver
	  	 	32	 
		 	6.4	 	 Amendments
	  	 	32	 
		 	6.5	 	 Governing Law
	  	 	32	 
		 	6.6	 	 Consent to Jurisdiction
	  	 	32	 
		 	6.7	 	 WAIVER OF JURY TRIAL
	  	 	32	 
		 	6.8	 	 Severability
	  	 	33	 
		 	6.9	 	 Headings
	  	 	33	 
		 	6.10	 	 Successors and Assigns
	  	 	33	 
		 	6.11	 	 Entire Agreement
	  	 	33	 
		 	6.12	 	 Survival of Agreements
	  	 	34	 
		 	6.13	 	 Counterparts
	  	 	34	 
		 	6.14	 	 Patriot Act
	  	 	34	 

 EXHIBITS 
  

			
	Exhibit A	 	Form of Account Withdrawal Instruction
		
	Exhibit B	 	Form of Account Withdrawal Request
		
	Exhibit C	 	Note Purchase Agreement

  
 iii 

 This DEPOSITARY AGREEMENT, dated as of March 20, 2013 (this “Agreement”), is
entered into by and among DIAMOND STATE GENERATION PARTNERS, LLC, a Delaware limited liability company (the “Company”), DEUTSCHE BANK TRUST COMPANY AMERICAS, as collateral agent for the Secured Parties (in such capacity,
“Collateral Agent”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as depositary agent, bank and securities intermediary (in such capacities, “Depositary”). 

RECITALS 
 A. 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 (the
“Project”). 
 B. In order to finance the development, construction, installation, testing, 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, a copy of which is attached hereto as Exhibit C (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Note Purchase Agreement”) with the Purchasers (as defined in the Note Purchase Agreement), pursuant to which, among other things, the Company has issued Notes to
the Purchasers in an aggregate principal amount equal to $144,812,500. 
 C. In order to further secure and support the Company’s
obligations to the Purchasers under the Note Purchase Agreement, the Company is entering into this Agreement, pursuant to which, among other things, the Company will grant to Collateral Agent, for the benefit of the Secured Parties, a perfected
first priority security interest in the Accounts and in all financial assets held therein or credited thereto and all proceeds thereof. 

D. Depositary has agreed to act as depositary agent, bank and securities intermediary pursuant to the terms of this Agreement. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the promises contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company hereby agrees with Collateral Agent and Depositary, for the benefit
of the Secured Parties, as follows: 
 ARTICLE 1. 

DEFINED TERMS 
 1.1 Defined
Terms. The following terms when used in this Agreement, including its preamble and recitals, shall have the following meanings: 

“Account Withdrawal Documents” means, collectively, any Account Withdrawal Request and the Account Withdrawal
Instruction related thereto, properly completed by the Company and delivered to Collateral Agent and each Holder in accordance with the applicable provisions of this Agreement. 

 “Account Withdrawal Instruction” means an instruction letter
substantially in the form of Exhibit A hereto delivered by the Company to Collateral Agent for further delivery to Depositary. 

“Account Withdrawal Request” means a certificate in the form of Exhibit B hereto signed by a duly
authorized representative of the Company and delivered to Collateral Agent and each Holder. 
 “Accounts”
has the meaning set forth in Section 2.1. 
 “Affiliate” of a specified Person means any other Person that
directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such Person. For purposes of this definition, “control” means the possession, directly or indirectly (either alone
or pursuant to an arrangement or understanding with one or more other Persons), of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise,
and the terms “controlling” and “controlled” shall have meanings correlative thereto. 

“Authorized Signatory” has the meaning given in Section 4.6.10. 

“Business Day” means any day other than a Saturday, Sunday or other day on which banks are authorized or
required to be closed in the State of New York or the State of Delaware. 
 “Casualty Event” means the loss,
damage or destruction of any part of the Improvements or any personal property related to the Project.

“Collateral” means all property which is subject or is intended to become subject to the security interests or
liens granted by any of the Collateral Documents. 
 “Collateral Agent” has the meaning given in the
preamble to this Agreement. 
 “Collateral Documents” means the collateral security documents entered into
for the purpose of providing collateral security for the benefit of the Secured Parties to secure the obligations of the Company under the Note Purchase Agreement and the other Credit Documents. 

“Company” has the meaning given in the preamble to this Agreement. 

“Conditions to Release of Funds” has the meaning given in Section 3.7.2(b) . 

“Construction Escrow Account” means the account designated by that name established by the Company with
Depositary pursuant to Section 2.1. 
 “Debt Service Deficiency” has the meaning given in Section 3.6.2.

  
 2 

 “Debt Service Reserve Account” means the account designated by
that name established by the Company with Depositary pursuant to Section 2.1. 
 “Depositary” has the
meaning given in the preamble to this Agreement. 
 “Distribution Suspense Account” means the account
designated by that name established by the Company with Depositary pursuant to Section 2.1. 
 “Eminent Domain
Proceeds” means all proceeds received in respect of any Event of Eminent Domain. 
 “Forced Outage
Replacement RECs” has the meaning given in the Tariff. 
 “IDC Reserve Account” means the account
designated by that name established by the Company with Depositary pursuant to Section 2.1. 
 “Indemnified
Persons” has the meaning given in Section 4.6.7(a) . 
 “Insurance Proceeds” means all proceeds in
respect of any property insurance policy required to be maintained by the Company under the Credit Documents. 

“Item” has the meaning given to such term in Section 4.5(b) herein. 

“Loss Event” means any Casualty Event or Event of Eminent Domain, as the context requires. 

“Loss Proceeds” means, individually and collectively, Insurance Proceeds and Eminent Domain Proceeds. 

“Loss Proceeds Account” means the account designated by that name established by the Company with Depositary
pursuant to Section 2.1. 
 “Monthly Date” means the last Business Day of each month. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Net Available Amount” means, with respect to any Loss Event, the aggregate amount of Loss Proceeds received
by the Company or Collateral Agent in respect of such Loss Event, net of reasonable expenses incurred in connection with the collection thereof. 

“Note Purchase Agreement” has the meaning given in the recitals to this Agreement. 

“Operating Account” means the account designated by that name established by the Company with Depositary
pursuant to Section 2.1. 
 “Permitted Investments” means: (i) marketable securities issued by the U.S.
Government and supported by the full faith and credit of the U.S. Treasury, by statute; (ii) marketable debt securities, rated Aaa by Moody’s and/ or AAA by S&P, issued by 

  
 3 

 
U.S. Government-sponsored enterprises, U. S. Federal agencies, U. S. Federal financing banks, and international institutions whose capital stock has been subscribed for by the
United States; (iii) certificates of deposit, time deposits, and bankers acceptances of any bank or trust company incorporated under the laws of the United States or any state, provided that, at the date of acquisition, such investment, and/or the
commercial paper or other short term debt obligation of such bank or trust company has a short-term credit rating or ratings from Moody’s and/or S&P, each at least P-1 or A-1; (iv) commercial paper of any corporation incorporated under the
laws of the United States or any state thereof which on the date of acquisition is rated by Moody’s and/or S&P, provided each such credit rating is least P-1 and/or A-1; (v) money market mutual funds that are registered with the
Securities and Exchange Commission under the Investment Company Act of 1940, as amended, and operated in accordance with Rule 2a-7 and that at the time of such investment are rated Aaa by Moody’s and/or AAAm by S&P, including such funds for
which Depositary or an Affiliate provides investment advice or other services; (vi) tax-exempt variable rate commercial paper, tax-exempt adjustable rate option tender bonds, and other tax-exempt bonds or notes issued by municipalities in the United
States, having a short-term rating of “MIG-1” or “VMIG-1” or a long term rating of “AA” (Moody’s), or a short-term rating of “A-1” or a long term rating of “AA” (S&P); (vii) repurchase
obligations with a term of not more than thirty days, 102 percent collateralized, for underlying securities of the types described in clauses (i) and (ii) above, entered into with any bank or trust company or its respective Affiliate meeting the
requirements specified in clause (iii) above; and (viii) maturities on the above securities shall not exceed 365 days and all rating requirements and/or percentage restrictions are based on the time of purchase. 

“Project” has the meaning given in the recitals to this Agreement. 

“Required Equity Contribution” has the meaning given in the Equity Contribution Agreement. 

“Revenue Account” means the account designated by that name established by the Company with Depositary
pursuant to Section 2.1. 
 “S&P” means Standard and Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. 
 “UCC” means the Uniform Commercial Code as the same may, from time to time,
be in effect in the State of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of the security interest in any Collateral is governed by the Uniform
Commercial Code as in effect in a jurisdiction other than the State of New York the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection
or priority and for purposes of definitions related to such provisions. 
 “Waterfall Level” means any of
the waterfall levels set forth in Section 3.3.2, as the case may be.

  
 4 

 1.2 Undefined Terms. Unless otherwise defined herein, capitalized terms used in this
Agreement have the meanings provided in the Note Purchase Agreement. 
 1.3 Rules of Interpretation. Unless otherwise provided
herein, the rules of interpretation set forth in Schedule B to the Note Purchase Agreement shall apply to this Agreement, and are incorporated herein by reference, mutatis mutandis. 

ARTICLE 2. 
 ESTABLISHMENT AND
ADMINISTRATION OF ACCOUNTS 
 2.1 Establishment of Accounts with Depositary.

(a) The Company hereby directs Depositary to establish on or prior to the date hereof and maintain until the termination of
this Agreement in accordance with Article 5 or as otherwise expressly set forth herein, at its office located at 60 Wall Street MSNYC 60-2710, New York, NY 10005, Attention: Trust and Agency Services, the following segregated non-interest bearing
accounts (each to be referred to herein by the defined term provided, and collectively the “Accounts”), in the name of the Company (as the securities entitlement holder), but under the exclusive dominion and control of Collateral
Agent pursuant to the terms of this Agreement:
  

					
	 Name of Account at
Depositary
	  	 Account Number
	  	
Defined Term for Account

	[***]	  	[***]	  	“Construction Escrow Account”
	[***]	  	[***]	  	“Revenue Account”
	[***]	  	[***]	  	“Loss Proceeds Account”
	[***]	  	[***]	  	“Operating Account”
	[***]	  	[***]	  	“Distribution Suspense Account”
	[***]	  	[***]	  	“Debt Service Reserve Account”
	[***]	  	[***]	  	“IDC Reserve Account”
	[***]	  	[***]	  	“Note Redemption Account”

  
 [***] Confidential Treatment Requested 

  
 5 

 The complete wire instructions for each of the Accounts are as follows: 

Deutsche Bank Trust Company Americas

ABA No.: [***] 
 Account #: [***]

 Beneficiary Name: Trust and Securities Services 

FFC AC : PORT [        ] 

Attention: Anabelle Roa – Diamond State Generation Partners 

(b) Depositary shall send copies of all statements and confirmations for the Accounts simultaneously to the Company and
Collateral Agent. 
 2.2 Permitted Investments; 

2.2.1 Directing the Making of Investments. Any cash held in Accounts maintained hereunder shall be invested and reinvested
in Permitted Investments from time to time by Depositary at the expense and risk of the Company (a) as directed by the Company, so long as Collateral Agent has not notified Depositary that an “Event of Default” under the Note Purchase
Agreement has occurred and is continuing or after Collateral Agent has notified Depositary that any such Event of Default no longer exists, and (b) as directed by Collateral Agent, if Collateral Agent has notified Depositary that an Event of Default
has occurred and is continuing (and Depositary has had reasonable time, in any event not to exceed 3 Business Days, to act on such notice), until such time, if ever, as Collateral Agent notifies Depositary that any such Event of Default no longer
exists; provided, however, that, if the Company fails to so direct Depositary, or if there exists an Event of Default and Collateral Agent fails to so direct Depositary, by 11:00 a.m. on the date on which the term of any Permitted
Investment terminates, amounts in respect of such terminating Permitted Investment shall be reinvested in any mutual funds for which Depositary or any Affiliate of Depositary may serve as investment advisor or other service provider. The other
parties hereto acknowledge that shares in this mutual fund are not obligations of Deutsche Bank Trust Company Americas or any of its Affiliates, are not deposits and are not insured by the FDIC. Depositary or its Affiliate may be compensated by
the mutual fund for services rendered in its capacity as investment advisor, or other service provider, such as provider of shareholder servicing and distribution services, and such compensation is both described in detail in the prospectus for the
fund, and is in addition to the compensation, if any, paid to Deutsche Bank Trust Company Americas in its capacity as Depositary hereunder. Depositary’s obligation to invest such amounts is conditioned upon receipt by Depositary from the
Company of a valid Form W-9 of the Internal Revenue Service of the United States in accordance with Section 2.2.3. The right to direct the manner of investment includes, but is not limited to, the right (i) to direct Depositary to sell any
Permitted Investment or hold it until maturity and (ii) upon any sale at maturity of any Permitted Investment, to direct Depositary to reinvest the proceeds thereof, plus any interest received by Depositary thereon, in Permitted Investments
or to hold such proceeds and interest for application pursuant to the terms of this Agreement. Depositary shall have no liability for any loss resulting from any such investment other than any such loss caused solely by Depositary’s willful
misconduct or gross negligence. Except as otherwise provided in this Section 2.2, any balances in the Accounts shall remain uninvested. 
  

[***] Confidential Treatment Requested 

  
 6 

 2.2.2 Application of Permitted Investments. Permitted Investments purchased in
connection herewith and under the provisions of this Agreement by Depositary shall be deemed at all times to be a part of the Account from which funds were withdrawn in order to acquire the Permitted Investment and shall be deemed to constitute
funds on deposit in and credited to such Account, and the income or interest earned and gains realized in excess of losses incurred by an Account due to the investment of funds deposited therein shall be credited and retained in the particular
Account in respect of which the Permitted Investment was purchased, except as expressly provided by the terms hereof. 
 2.2.3
Earnings.
 (a) For purposes of any income tax payable on account of any income or gain on an investment, such
income or gain shall be credited to the Company for tax reporting purposes. Depositary shall provide to the Company a statement with respect to all interest earned on any Account as of the close of each calendar year for which income is earned
on the Accounts. The Company shall provide Depositary with its taxpayer identification number, documented, to the extent necessary, by an appropriate executed Form W-9, upon execution of this Agreement. The Form W-9 shall, to the extent
necessary, be renewed as required by the Internal Revenue Service of the United States and provided to Depositary. 
 (b) Any
interest, gain or other earnings on, or proceeds of, investments credited to any Account that may be received by Depositary shall be deposited in such Account. 

2.2.4 Liquidation of Investments for Distributions. Any direction of an Authorized Signatory of the Company, with respect
to the investment or reinvestment of monies held in any Account shall direct investment or reinvestment only in Permitted Investments that shall mature in such amounts and have maturity dates or be subject to redemption at the option of the holder
thereof on or prior to maturity as needed for the purposes of transfers into and from such Accounts. Collateral Agent is hereby authorized in any event to direct Depositary to liquidate or direct the liquidation of any Permitted Investment
(without regard to maturity date) whenever Collateral Agent deems it necessary in order to make or cause to be made any deposit, transfer or distribution. In furtherance, and not in limitation, but without duplication, of any other indemnity or
limitation of liability with respect to Collateral Agent or Depositary contained herein, neither Collateral Agent nor any other Secured Party shall in any way be liable for any losses incurred by the Company, including losses due to early
liquidation or market risk, which are a result of Collateral Agent’s exercise of its authority under this provision, other than any such loss arising from Collateral Agent’s willful misconduct or gross negligence. Neither Collateral Agent
nor Depositary nor any other Secured Party shall in any event be liable or responsible for any loss, penalty or gain resulting from any investment made hereunder in accordance with the terms of this Agreement. 

2.2.5 Value of Permitted Investments. For purposes of this Agreement (including determination of the balance in, or the
aggregate amount on deposit in and credited to, any Account), the value of any investment shall be the lesser of (a) the face amount thereof and (b) the fair market value thereof. 

  
 7 

 2.2.6 Security Interest. Whenever the Company directs Depositary to purchase a
Permitted Investment not represented or evidenced by certificates or instruments capable of possession, the Company shall notify Collateral Agent of such purchase and, upon the request of Collateral Agent, Depositary shall deliver such information
in Depositary’s possession to Collateral Agent as may be reasonably necessary to enable Collateral Agent to take all necessary action, including giving confirmations and notices to record Collateral Agent’s interest therein, all as
required by the UCC to perfect a first priority security interest for the benefit of Collateral Agent. Without limiting the foregoing, whenever Depositary is instructed to purchase a Permitted Investment which is a certificate of deposit,
Depositary shall simultaneously or promptly thereafter notify the issuer of the certificate of deposit as follows: Deutsche Bank Trust Company Americas, as Collateral Agent for the benefit of the Secured Parties, has a security interest and
pledge in the certificate(s) of deposit being purchased this day by Deutsche Bank Trust Company Americas, as depositary agent and bailee on behalf of Collateral Agent and the other Secured Parties. 

2.3 Books of Account; Statements; Etc. Depositary shall maintain books of account on a cash basis and record therein all deposits
into and transfers to and from the Accounts and all investment transactions effected by Depositary pursuant to the terms hereof, and any such recordation shall constitute prima facie evidence of the information recorded. Not later than
the 10th Business Day of each month, commencing with the first month to occur after the date hereof, Depositary shall deliver to Company a statement setting forth the transactions in each Account
during the preceding month, including deposits, withdrawals and transfers from and to any Account, and specifying any Permitted Investments and other amounts held in each Account at the close of business on the last Business Day of the preceding
month. In addition, Depositary shall promptly respond during normal business hours to requests by Collateral Agent or the Company for information regarding deposits, investments and transfers into, in respect of and among the
Accounts. Depositary shall provide access to its on line bank statements and transaction activities reports with respect to each Account subject to Company and Collateral Agent providing any reasonable information to Depositary which is needed
to establish such person with access to such on line system. 
 2.4 Adequate Instruction; Sufficiency of Funds. 

2.4.1 In the event that Depositary receives any monies in respect of the Company without adequate instruction as to the Account into which
such monies are to be deposited, Depositary shall immediately deposit such monies into the Construction Escrow Account and, after notice from Collateral Agent that the Final Completion Date has occurred, into the Revenue Account, keeping such
records as may be necessary to adequately distinguish such monies from other funds held in such Account, and shall immediately thereafter notify the Company and Collateral Agent of the receipt of such monies. At any time that Depositary
subsequently receives instructions from the Company and Collateral Agent jointly (unless an Event of Default exists, in which case instructions only from Collateral Agent shall be sufficient) specifying the Account into which any such monies should
be deposited, Depositary shall transfer such monies, within one Business Day of receiving such notice, from the Construction Escrow Account or Revenue Account, as the case may be, into the Account(s) that the Company and/or Collateral Agent
specified in such subsequent instructions. 

  
 8 

 2.4.2 To the extent that there are insufficient funds in the relevant Account to make a transfer
or withdrawal directed by an Account Withdrawal Instruction, Depositary shall (i) immediately notify the Company and Collateral Agent of such deficiency and (ii) thereafter, to the extent practicable, unless it promptly receives contrary joint
instructions from Collateral Agent and the Company, make such withdrawal or transfer to the extent of such funds. 
 2.5 Power of
Attorney. With respect to the powers and rights granted to Collateral Agent in Article 3, the Company hereby constitutes and appoints Collateral Agent its true and lawful attorney-in-fact to make the direct payments specified therein, and
this power of attorney shall be deemed to be a power coupled with an interest and shall be irrevocable. No further direction or authorization from the Company shall be necessary to warrant or permit Collateral Agent to make such direct payments
in accordance with the foregoing sentence and Article 3; provided, that Collateral Agent shall have no obligation to make any such payment unless instructed to do so upon the written direction of the Required Holders. 

2.6 Interest. Depositary shall credit to each Account all receipts of interest and other income received in respect of the funds
held in such Account.
 2.7 Actions by Collateral Agent. Collateral Agent shall only be obligated to act hereunder upon the
written direction of the Required Holders.
 ARTICLE 3. 

PROJECT ACCOUNTS 
 3.1 Account
Withdrawals, Transfers and Payments. 
 3.1.1 General Procedures. 

(a) For every withdrawal, transfer or payment from any Account, the Company shall execute and deliver to Collateral Agent and
each Holder an Account Withdrawal Request and a proposed Account Withdrawal Instruction related thereto at least seven Business Days prior to the proposed date of a withdrawal, transfer or payment from an Account. The Company shall submit,
together with each set of Account Withdrawal Documents, receipts, invoices and any other appropriate documentation or materials reasonably requested by Collateral Agent or any Holder to enable it to confirm the withdrawals and transfers specified in
the applicable Account Withdrawal Request and the other matters described therein. 
 (b) Unless Collateral Agent and the
Company have received from the Required Holders a written objection with respect to the Account Withdrawal Documents within three Business Days from the Company’s delivery thereof, Collateral Agent shall sign the applicable Account Withdrawal
Instruction and deliver such Account Withdrawal Instruction to Depositary with a copy to the Company. If the Required Holders provide a written objection (within the applicable time period provided in the immediately preceding sentence) to only
part of any individual withdrawal, transfer or payment requested in any Account Withdrawal Request, Collateral Agent shall sign the applicable Account Withdrawal Instruction, modified to reflect only the withdrawals, transfers and payments that have
not been timely objected to, and deliver such Account 

  
 9 

 
Withdrawal Instruction to Depositary. The Company shall be permitted to submit a revised set of Account Withdrawal Documents to Collateral Agent and each Holder with respect to any
withdrawals, transfers and payments that have been timely objected to. 
 (c) The Company agrees that Collateral Agent may
direct Depositary to transfer any or all sums on deposit in or credited to any Account directly into the accounts identified by the Company in each Account Withdrawal Request without further authorization from the Company; provided that if
the Company has notified Collateral Agent that it is contesting a claim for payment in accordance with the applicable Operative Documents, Collateral Agent shall not be entitled to directly pay any amount being contested, except any portion of such
amount which is not being contested by the Company. 
 3.1.2 Account Withdrawal Documents. A set of Account Withdrawal
Documents shall be deemed properly delivered by the Company to Collateral Agent and each Holder if such Account Withdrawal Documents have been properly completed and delivered to the Collateral Agent and the Required Holders in accordance with the
applicable time requirements set forth herein and not objected by the Required Holders as provided in Section 3.1.1 (b) above. To the extent that any directions to Depositary or any requested actions by Depositary under this Article 3 require
actions to be taken by the Company and the Company fails to perform such actions, or if any Account Withdrawal Documents submitted by the Company are incorrect or if an Event of Default has occurred and is continuing or would occur based on the
Company’s failure to submit, or to submit accurate and necessary, Account Withdrawal Documents, Collateral Agent may, but is not obligated to, perform such actions by completing and executing an Account Withdrawal Instruction at the direction
of the Required Holders and delivering such Account Withdrawal Instruction to Depositary. 
 3.1.3 Withdrawal and
Transfers. Upon receipt before 11:00 A.M. on a Business Day by Depositary of an Account Withdrawal Instruction pursuant to which Collateral Agent directs the withdrawal of funds from any Account, Depositary shall make such withdrawals
and shall apply such funds to the uses and in the amounts specified in such Account Withdrawal Instruction as soon as reasonably practicable, and in any event within the next Business Day after receipt of such Account Withdrawal Instruction. 

3.2 Construction Escrow Account.

3.2.1 Deposits into the Construction Escrow Account. Commencing on the Closing Date and until the Final Completion
Date, the Company shall immediately deposit or cause to be deposited into the Construction Escrow Account each of the following: 

(a) all proceeds of the Notes issued under the Note Purchase Agreement other than such proceeds that are applied as of the
Closing Date for (i) the repayment of the Debt outstanding under the Existing Financing Agreement, (ii) deposit of an amount equal to the Debt Service Reserve Requirement into the Debt Service Reserve Account, (iii) deposit of the amount set forth
in Section 3.5.1 into the IDC Reserve Account, (iv) payment of all fees and costs related to the transactions under the Note Purchase Agreement and the other Credit Documents and (v) payment to the Pledgor of the Permitted Distribution; 

  
 10 

 (b) the proceeds of all cash equity contributions made to the Company (as
provided in Section 4.2.9(a) and (b) of the Note Purchase Agreement); and 
 (c) all delay in start-up or business
interruption insurance proceeds received by the Company.
 3.2.2 Disbursements from the Construction Escrow Account.

(a) The Company shall submit a set of Account Withdrawal Documents to Collateral Agent and each Holder as and when, but no more
frequently than one time each month, the Company seeks to withdraw or transfer funds from the Construction Escrow Account, which Account Withdrawal Documents shall be delivered concurrently with the delivery of a Drawdown Certificate by the Company
to each Holder and the Independent Engineer pursuant to Section 4.2.1 of the Note Purchase Agreement. The applicable Account Withdrawal Request shall request Collateral Agent to direct Depositary to transfer or apply monies on deposit in the
Construction Escrow Account to the account or accounts specified by the Company to pay, to the extent consistent with the then-current Project Budget (including any contingency and subject to any overage permitted by Section 9.14(c) of the Note
Purchase Agreement) or otherwise approved or permitted hereunder, Project Costs due and owing. 
 (b) On the Final Completion
Date: 
 (1) subject to the occurrence of the Final Completion Date, as confirmed to Collateral Agent in writing by the
Company, any amounts remaining on deposit in the Construction Escrow Account on the Final Completion Date shall be transferred by Depositary to the account or accounts to be specified by the Company in its sole discretion (including to pay the Final
Completion Date Distribution); and
 (2) after all the proceeds then on deposit or credited to the Construction Escrow
Account shall have been withdrawn or transferred pursuant to the foregoing clause (1) above, Collateral Agent shall direct Depositary to close the Construction Escrow Account. 

3.3 Revenue Account.

3.3.1 Deposits into Revenue Account. The Company shall deposit into the Revenue Account all Project Revenues (other than
delay in start-up or business interruption insurance proceeds received prior to the Final Completion Date which will be deposited into the Construction Escrow Account pursuant to Section 3.2.1(c)) .

  
 11 

 3.3.2 Disbursements from the Revenue Account. 

(a) To cause the withdrawal or transfer of amounts on deposit in the Revenue Account, the Company shall submit to Collateral
Agent and each Holder a set of Account Withdrawal Documents at least four Business Days prior to the last Business Day of each calendar month. Unless Collateral Agent and the Company have received from the Required Holders a written objection
with respect to the Account Withdrawal Documents within three Business Days from the Company’s delivery thereof, Collateral Agent shall sign the applicable Account Withdrawal Instructions and deliver such Account Withdrawal Instructions to
Depositary at least one Business Day prior to the last Business Day of the month in which such Account Withdrawal Documents were submitted or the proposed disbursement date, as applicable. 

(b) Prior to the Final Completion Date, amounts on deposit in the Revenue Account shall be applied to the following uses, in
the following amounts, at the following times, and in the following order of priority, to the extent funds are available therefor: 

(1) On each Monthly Date, to the Operating Account for the payment of all O&M Costs then due and payable or to be due and
payable in the ensuing month, subject in all events to a maximum amount determined pursuant to Section 3.3.2(d) . 
 (2) On
each Monthly Date, to the Operating Account for the payment of all reimbursable amounts currently payable to Collateral Agent or Depositary in connection with the Credit Documents.

(3) On each Repayment Date, amounts sufficient to pay principal, all accrued interest and fees on the Notes (provided
that, to the extent amounts on deposit in the Revenue Account are insufficient for such purpose, such amounts shall be withdrawn from the IDC Reserve Account in accordance with Section 3.5.2(a)) .

(4) On each Repayment Date, at the Company’s election, to the optional prepayment of the Notes pursuant to Section 8.2 of
the Note Purchase Agreement. 
 (c) On and after the Final Completion Date, amounts on deposit in the Revenue Account shall
be applied to the following uses, in the following amounts, at the following times, and in the following order of priority, to the extent funds are available therefor: 

(1) On each Monthly Date, to the Operating Account for the payment of all O&M Costs then due and payable or to be due and
payable in the ensuing month (other than pursuant to Waterfall Level (6) below), subject in all events to a maximum amount determined pursuant to Section 3.3.2(d); provided, that during a Forced Outage Event, amounts disbursed pursuant to
this Waterfall Level (1) shall not exceed $25,000 per month plus the cost of any Forced Outage Replacement RECs.

  
 12 

 (2) On each Monthly Date, to the payment of all reimbursable amounts currently
payable to Collateral Agent or Depositary in connection with the Credit Documents. 
 (3) On each Repayment Date, to the
payment of interest on the Notes, and on other amounts accruing interest under the Credit Documents. 
 (4) On each
Repayment Date, to the scheduled repayment of the principal of the Notes. 
 (5) On each Repayment Date, to the Debt Service
Reserve Account the amount (if any) necessary to fund the Debt Service Reserve Account so that the amount then on deposit in or credited to the Debt Service Reserve Account equals the Debt Service Reserve Requirement at such time. 

(6) On each Repayment Date, to the Operating Account for the payment of all O&M Costs then due and payable or to be due
and payable in the ensuing month with respect to any System that is not operating at least at [***] of its nameplate capacity.

(7) On each Repayment Date, to any mandatory prepayment of the Notes pursuant to Section 8.1.2 of the Note Purchase Agreement.

 (8) On any Repayment Date, if the Distribution Conditions have been satisfied, to the account directed by the Company in
the Account Withdrawal Request, free of the Liens of the Collateral Documents, and if the Distribution Conditions have not been satisfied, to the Distribution Suspense Account.

(d) O&M Costs payable at Waterfall Level (1) of Sections 3.3.2(b) and 3.3.2(c) shall not in any event exceed the amounts
prescribed by Section 9.14(c) of the Note Purchase Agreement. The Company shall promptly pay all O&M Costs in excess of the foregoing limit from the Distribution Suspense Account. 

3.4 Operating Account.

3.4.1 Deposits into the Operating Account. Amounts shall be transferred to the Operating Account as provided in
Sections 3.3.2(b)(1) and (2) and 3.3.2(c)(1) and (6). 
 3.4.2 Disbursements from the Operating Account. The Company
shall submit a set of Account Withdrawal Documents to Collateral Agent and each Holder as and when, but no more frequently than one time each month, the Company seeks to withdraw or transfer funds from the Operating Account. The applicable
Account Withdrawal Request shall request Collateral Agent to direct Depositary to apply monies on deposit in the Operating Account to pay, to the extent consistent with the then-current Annual Operating Budget (including any contingency and subject
to any overage permitted by Section 9.14(c) of the Note Purchase Agreement) or otherwise approved or permitted hereunder, O&M Costs due and owing and reimbursable amounts currently payable to Collateral Agent or Depositary in connection with the
Credit Documents. 
  
 [***] Confidential Treatment Requested 

  
 13 

 3.5 IDC Reserve Account.

3.5.1 Deposit into the IDC Reserve Account. On the Closing Date, the Company shall fund or cause to be funded the IDC
Reserve Account in an amount equal to $5,365,637.
 3.5.2 Disbursements from the IDC Reserve Account. 

(a) Prior to the Final Completion Date, Collateral Agent shall direct Depositary, pursuant to an Account Withdrawal
Instruction, to withdraw amounts from the IDC Reserve Account to pay principal, all accrued interest and fees on the Notes to the extent that amounts in the Revenue Account are insufficient therefor. 

(b) On the Final Completion Date: 

(1) subject to the occurrence of the Final Completion Date, as confirmed to Collateral Agent in writing by the Company, any
amounts remaining on deposit in the IDC Reserve Account on the Final Completion Date shall be transferred by Depositary to the account or accounts to be specified by the Company in its sole discretion (including to pay the Final Completion Date
Distribution); and
 (2) after all the proceeds then on deposit or credited to the IDC Reserve Account shall have been
withdrawn or transferred pursuant to the foregoing clause (1), Collateral Agent shall direct Depositary to close the IDC Reserve Account. 

3.6 Debt Service Reserve Account. 

3.6.1 Deposit into the Debt Service Reserve Account. On the Closing Date, the Company shall fund or cause to be funded the
Debt Service Reserve Account in an amount equal to the Debt Service Reserve Requirement. If on any Repayment Date, amounts in the Debt Service Reserve Account are below the Debt Service Reserve Requirement, there shall be deposited all amounts
in excess of the amounts applied pursuant to Waterfall Levels (1)-(4) of Section 3.3.2(c) in the Debt Service Reserve Account until the balance in the Debt Service Reserve Account is equal to the Debt Service Reserve Requirement. 

3.6.2 Withdrawals from the Debt Service Reserve Account. If at any time when amounts are required to be paid pursuant to
Waterfall Level (3) and (4) of Section 3.3.2(c), or the Company is required to provide Forced Outage Replacement RECs to DPL under the Tariff during a Forced Outage Event, and insufficient funds are contained in the Revenue Account and Distribution
Suspense Account to pay such amounts (a “Debt Service Deficiency”), Collateral Agent shall direct Depositary, pursuant to an Account Withdrawal Instruction, to withdraw from the Debt Service Reserve Account funds deposited in or
credited to such Account, in an amount sufficient to pay such amounts.

  
 14 

 3.6.3 Disbursement of Excess Amounts from the Debt Service Reserve Account. At any
time the funds on deposit in the Debt Service Reserve Account are greater than (i) the Debt Service Reserve Requirement at such time or (ii) the aggregate remaining principal and interest payments on the Notes, and no Event of Default or Forced
Outage Event has occurred and is continuing, Collateral Agent shall direct Depositary to transfer to the Revenue Account any such excess cash as requested by the Company pursuant to an Account Withdrawal Request, to the extent of such excess. 

3.7 Loss Proceeds Account. 

3.7.1 Deposit into the Loss Proceeds Account. The Company shall deposit, and shall use commercially reasonable efforts to cause
third parties that would otherwise make payments directly to the Company to deposit, into the Loss Proceeds Account the Net Available Amount of all Loss Proceeds upon receipt thereof. If Loss Proceeds are received by the Company, the Company shall
hold such payments in trust for Depositary and shall promptly remit the Net Available Amount of such Loss Proceeds to Depositary for deposit into the Loss Proceeds Account, in the form received, with any necessary endorsements. 

3.7.2 Withdrawals from the Loss Proceeds Account. 

(a) If there shall occur any single Loss Event with respect to which the replacement value does not exceed $5,000,000, the Net
Available Amount of any Loss Proceeds in respect of such Loss Event shall be applied by the Company to the prompt payment of the cost of the repair or restoration of such damage or destruction. 

(b) If the Company receives Loss Proceeds relating to a Loss Event in respect of a single Loss Event greater than $5,000,000
(as determined by the replacement value of the item of property subject to the Loss Event) and the following conditions have been satisfied or waived by the Required Holders in consultation with the Independent Engineer (the “Conditions to
Release of Funds”): 
 (i) such damage or destruction does not constitute the destruction of all or substantially
all of the man-made portion of the Project; 
 (ii) no Event of Default has occurred and is continuing (other than an Event
of Default resulting solely from such damage or destruction) and after giving effect to any proposed repair and restoration, such damage or destruction or proposed repair and restoration will not result in a Default or Event of Default; 

(iii) the Company and the Independent Engineer certify, and the Required Holders determine in their reasonable judgment, that
repair or restoration of the Project is technically and economically feasible within a one-year period and that a sufficient amount of funds is or will be available to the Company to make such repairs and restorations; 

(iv) the Required Holders in consultation with the Independent Engineer reasonably determine that after repair and restoration
the Project should be as capable of generating Project Revenues as prior to the casualty and consistent with the Base Case Projections; 

  
 15 

 (v) (A) no material Permit is necessary to proceed with the repair and
restoration and (B) no material amendment to this Agreement or any of the Operative Documents is necessary for the purpose of effecting the repairs or restorations and (C) no material amendment to this Agreement or any of the Operative Documents is
necessary for the purpose of subjecting the repairs or restorations to the Liens of the Collateral Documents, or, if any such is necessary, the Company will be able to obtain such as and when required; 

(vi) if requested by the Required Holders, the Holders shall receive an opinion of counsel acceptable to Collateral Agent, at
the Company’s expense, opining as to the matters described in clauses (A) and (C) of paragraph (v) above, and such opinion shall also state that that such repairs or restoration will be subject to the Liens of the Collateral Documents; and 

(vii) Collateral Agent shall receive such additional title insurance, title insurance endorsements, mechanic’s lien
waivers, certificates, opinions or other matters as Required Holders may reasonably request as necessary or appropriate in connection with such repairs or restoration or to preserve or protect the holders of the Notes’ interests hereunder and
in the Collateral. 
 then the Net Available Amount of such Loss Proceeds shall be applied by the Company to the prompt repair or restoration of the Project
in accordance with the following procedures: 
 (i) the Company shall submit a detailed report to Collateral Agent
describing the Company’s plan for effectuating repairs or restoration, and such report shall be subject to the review and approval of the Required Holders in consultation with the Independent Engineer (such approval not to be unreasonably
withheld). 
 (ii) from time to time after the Required Holders shall have duly approved the making of such repairs or
restoration, Collateral Agent’s release of Loss Proceeds for application toward such repairs or restoration shall be conditioned upon the Company’s request and the presentation to Collateral Agent of a certificate from the Company (i)
describing in reasonable detail the nature of the repairs or restoration to be effected with such release, (ii) stating the cost of such repairs or restoration and the specific amount requested to be paid over to or upon the order of the Company and
that such amount is requested to pay the cost thereof, (iii) stating that the aggregate amount requested by the Company in respect of such repairs or restoration (when added to any other Loss Proceeds received by the Company in respect of such
damage of destruction) does not exceed the cost of such repairs or restoration and that a sufficient amount of funds is or will be available to the Company to repair or restore the Project, and (iv) stating that no Event of Default has occurred and
is continuing other than an Event of Default resulting solely from such damage or destruction. 

  
 16 

 (c) If the Company receives Loss Proceeds relating to a Loss Event in respect of
a single Loss Event greater than $5,000,000 (as determined by the replacement value of the item of property subject to the Loss Event) and the Conditions to Release of Funds are not met, then the Net Available Amount of such Loss Proceeds shall be
applied to the mandatory prepayment of the Notes pursuant to Section 8.1.2(i) of the Note Purchase Agreement. 
 3.7.3 Surplus
Proceeds. If, after Loss Proceeds have been applied to the repair or restoration of the Project as provided in Section 3.7.2, there remain any excess Loss Proceeds, the Net Available Amount of such Loss Proceeds shall be transferred to
the Revenue Account. 
 3.8 Distribution Suspense Account. Deposits to the Distribution Suspense Account. Amounts
shall be deposited in the Distribution Suspense Account from the Revenue Account as provided in Waterfall Level (8) of Section 3.3.2(c). 

3.8.2 Transfers and Payments from the Distribution Suspense Account.

(a) Until the funds in the Distribution Suspense Account have been applied as provided in clause (b) below, Collateral Agent
shall direct Depositary to withdraw amounts therefrom to pay all fees, charges, costs and other amounts specified in Waterfall Level (1) through Waterfall Level (4) of Section 3.3.2(c), as applicable, in such order, to the extent that amounts in the
Revenue Account are insufficient therefor and prior to applying funds from the Debt Service Reserve Account. Funds so applied shall be deemed those last deposited in the Distribution Suspension Account. 

(b) Any funds deposited into the Distribution Suspense Account and held in the Distribution Suspense Account until after the
fourth Repayment Date following such deposit shall be applied to the prepayment of the Notes in accordance with Section 8.1.2 of the Note Purchase Agreement. 

(c) If the Distribution Conditions are satisfied on any Repayment Date after deposit of such funds, all amounts in the
Distribution Suspense Account (or any lesser amount elected by the Company) will be released and transferred to the account or accounts specified by the Company for any purpose pursuant to an Account Withdrawal Request. All amounts released and
transferred from the Distribution Suspense Account shall be deemed to be released and transferred in the same order as deposited in the Distribution Suspense Account.

3.9 Note Redemption Account. 

3.9.1 Deposits to the Note Redemption Account. The Company shall cause the Sponsor to promptly deposit into the Note
Redemption Account any Required Equity Contribution to be made pursuant to and in accordance with Sections 2.1 and 2.2 of the Equity Contribution Agreement. 

  
 17 

 3.9.2 Transfers from the Note Redemption Account. After any amounts are received in
the Note Redemption Account, Collateral Agent shall direct Depositary, pursuant to an Account Withdrawal Instruction, to withdraw amounts from the Note Redemption Account in the amount specified in such Account Withdrawal Instruction and to pay such
amount on the Offer Settlement Date to any Holder of the Notes that has accepted an Offer to Repay made by the Company pursuant to, and in the amount required by, Section 8.1.3 of the Note Purchase Agreement. 

3.10 Cash Grant Account. If any Cash Grant proceeds are received by the Company, such amount shall be deposited into the Cash Grant
Account. The Cash Grant Account shall not be an Account under the terms of this Agreement or the Note Purchase Agreement. Any property on deposit in such account at any time may be distributed to Pledgor without the requirement of Pledgor requesting
any such distribution and nothwithstanding that a Default or Event of Default has occurred or is continuing. 
 ARTICLE 4. 

SECURITY AND RELATED PROVISIONS; SECURITIES INTERMEDIARY 

4.1 Securities Accounts; Deposit Accounts. Depositary hereby agrees and confirms that Depositary has established the Accounts as
set forth and defined in this Agreement. The parties hereto hereby agree that: 
 (a) each Account is and will be
maintained as a “securities account” (as defined in Section 8-501(a) of the UCC), and, to the extent that credit balances not constituting financial assets are credited thereto, as a “deposit account” (as defined in Section
9-102(a)(29) of the UCC); 
 (b) Depositary is acting in the capacity of “securities intermediary” (as defined in
Section 8-102(a)(14) of the UCC) with respect to the Accounts and financial assets deposited therein or credited thereto, and as a “bank” (as defined in Section 9-102(a)(8) of the UCC) with respect to the Accounts and credit balances not
constituting financial assets credited thereto; 
 (c) each item of property (whether cash, cash equivalents, instruments,
investments, investment property or any other property, including Permitted Investments) credited to the Accounts shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC; 

(d) the Company is the “entitlement holder” (as defined in Section 8-102(a)(7) of the UCC) with respect to the
“financial assets” (as defined in Section 8-102(a)(9) of the UCC) credited to the Accounts, and the Company is the “customer” (as defined in Article 9 of the UCC) with respect to any deposit account; 

(e) the “securities intermediary’s jurisdiction” (as defined in Section 8-110(e) of the UCC) shall be the State
of New York, and the “bank’s jurisdiction” for purposes of Section 9-304 of the UCC shall be the State of New York; 

  
 18 

 (f) all securities and other property constituting financial assets credited to
the Accounts shall be registered in the name of Depositary or endorsed to Depositary or in blank, and in no case whatsoever will any financial asset credited to an Account be registered in the name of the Company or any Affiliate thereof, payable to
the order of the Company or any Affiliate thereof or specially endorsed to the Company or any Affiliate thereof except to the extent that the foregoing have been specially endorsed by Company or such Affiliate to Depositary or in blank; 

(g) if there is any conflict between this Agreement and any other agreement relating to the Accounts (if any), the provisions
of this Agreement shall control; and 
 (h) Depositary shall not change the name of or account number for any Account without
the prior written consent of Collateral Agent.
 4.2 Certain Rights and Powers in Respect of Accounts and Funds.

4.2.1 Rights to Accounts. Until this Agreement is terminated pursuant to Article 5, the Company shall not have any rights
or powers with respect to the remittance of amounts credited to, the disbursement of credited amounts out of, or the investment of credited amounts in, Accounts, except to have amounts credited thereto applied in accordance with this Agreement;
provided, however, that the parties hereto acknowledge and agree that the foregoing provisions of this Section 4.2.1 shall not be deemed to divest the Company of its respective interest as an “entitlement holder” under the UCC, as
provided in this Agreement. 
 4.2.2 Certain Additional Powers of Collateral Agent and Depositary. Collateral Agent and,
where appropriate, Depositary shall have the right, but not the obligation, to: (a) refuse any item for credit to any Account except as required by the terms of this Agreement; and (b) refuse to honor any request for transfer on any Account which is
not consistent with this Agreement. If the Company fails to perform any agreement contained herein, Collateral Agent may (but is not obligated to) itself perform, or cause the performance of, such agreement, and the expenses of Collateral Agent
incurred in connection therewith shall be payable by the Company upon demand. The Company hereby irrevocably appoints Collateral Agent as the Company’s attorney-in-fact, with full authority in the place and stead of the Company and in the
name of the Company otherwise from time to time, if an Event of Default shall have occurred and be continuing, to take any action and to execute any instrument necessary or advisable to accomplish the purposes of this Agreement, including: 

(i) to ask, demand, collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due and to
become due under or in respect of any of the Accounts or the proceeds of financial assets held therein or credited thereto; 

(ii) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause
(i) above; 
 (iii) to file any claims or take any action or institute any proceedings necessary for the collection of any of
the Accounts or the proceeds of financial assets held therein or credited thereto or otherwise to enforce the rights of Collateral Agent with 

  
 19 

 
respect to any of the Accounts or the proceeds of financial assets held therein or credited thereto, provided that, with respect to this clause (iii), such rights shall be exercised in
accordance with Section 4.7; and
 (iv) to perform the affirmative obligations of the Company hereunder. 

The Company hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section 4.2.2 is irrevocable and coupled with an
interest. The powers conferred on Collateral Agent hereunder are solely to protect its interest, on behalf of the Secured Parties, in the Accounts and the proceeds of financial assets held therein or credited thereto and shall not impose any
duty on Collateral Agent to exercise any such powers. Except for the reasonable care of any Account in its possession or under its control, as the case may be, the performance of its respective obligations hereunder, the performance of duties
of a bank or a securities intermediary under the UCC, as applicable, and the accounting for moneys actually received by it in accordance with the terms hereof, neither Depositary nor Collateral Agent shall have any duty as to any Account or the
proceeds of financial assets held therein or credited thereto, or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any such Account or proceeds. Each of Depositary and Collateral
Agent is required to exercise reasonable care in the custody and preservation of any Account in its possession or under its control (as the case may be); provided, however, that (A) Depositary in any event shall be deemed to have
exercised reasonable care in the custody and preservation of any Account if it takes such action for that purpose as Collateral Agent or, at times other than upon the occurrence and during the continuance of any Event of Default, the Company
reasonably requests, but, notwithstanding the foregoing, the failure of Depositary to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care, and (B) Collateral Agent in any event shall be deemed
to have exercised reasonable care in the custody and preservation of any Account if it takes such action for that purpose as the Company reasonably requests at times other than upon the occurrence and during the continuance of any Event of Default,
but, notwithstanding the foregoing, the failure of Collateral Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care. Nothing in this Section 4.2 shall be construed as limiting
Collateral Agent’s maintenance of exclusive dominion and control over the Accounts.
 4.2.3 Control  

(a) Notwithstanding any other provision of this Agreement or any other agreement, Depositary agrees that it shall comply with
all entitlement orders relating to the Accounts originated by Collateral Agent, and with all instructions directing disposition of the funds in the Accounts originated by Collateral Agent, in each case without further consent by the Company or any
other Person. 
 (b) Without limiting the agreement of Depositary contained in Section 4.2.3(a), Collateral Agent agrees with
the Company that it will not originate any entitlement order or instruction unless authorized to do so under this Agreement other than pursuant to this Section 4.2.3. 

  
 20 

 4.3 Security Interest; Grant Pursuant to Security Agreement. To secure the timely
payment in full in cash and performance in full of its obligations under the Note Purchase Agreement, pursuant to the Security Agreement, the Company has assigned, granted, hypothecated and pledged to, and granted a Lien on and a security interest
in favor of, Collateral Agent, on behalf of and for the sole and exclusive benefit of the Secured Parties, all the estate, right, title, interest and security entitlements of the Company, whether now owned or hereafter acquired, in all Accounts and
in all financial assets held therein or credited thereto and all proceeds thereof, including all rights of the Company to receive moneys due in respect of all Accounts, all claims with respect to any Account, all income or gain earned in respect of
the financial assets held in or credited to any Account, and all proceeds receivable or received when any Account is collected, exchanged or otherwise disposed of, whether voluntarily or involuntarily. 

4.3.1 Acknowledgment. Depositary hereby acknowledges the security interest in, and the pledge by the Company to Collateral
Agent, for the benefit of the Secured Parties, of all of the Company’s security entitlements to the Accounts and all financial assets held therein or credited thereto and all proceeds thereof, and Depositary will so indicate on the records
maintained by Depositary with respect to Accounts. Depositary agrees to hold all such security entitlements and financial assets in its custody for the purposes of, and on the terms set forth in, this Agreement. 

4.4 Perfection; Further Assurances. The Company agrees that from time to time it shall promptly execute and deliver all
instruments and documents, and take all actions, that may be reasonably necessary, or that Collateral Agent may reasonably request, in order to perfect and protect the assignment and security interest granted or intended to be granted hereby or to
enable Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to the Accounts, all financial assets held therein or credited thereto and all proceeds thereof. Without limiting the generality of the foregoing,
the Company hereby authorizes the filing of such financing or continuation statements, or amendments thereto, and shall execute or deliver such other instruments, endorsements or notices, as may be reasonably necessary or desirable or as Collateral
Agent may reasonably request, in order to perfect and preserve the assignments and security interests granted or purported to be granted hereby. 

4.5 Other Liens; Adverse Claim. The Company represents and warrants, as of the date hereof, that: 

(i) it has not assigned any of its rights under any Accounts except as part of the Collateral;

(ii) it has not executed and is not aware of any effective financing statement, security agreement, control agreement or other
instrument similar in effect covering all or any part of the Accounts, except those in favor of Collateral Agent; and 

(iii) it has full power and authority to grant a security interest in and assign its right, title and interest in the Accounts
and all financial assets held therein or credited thereto and all proceeds thereof hereunder. The Company 

  
 21 

 
represents, warrants and covenants that it has not granted, and shall not grant, to any Person (other than Collateral Agent) any interest in any of the Accounts and that it has kept, and shall
keep, the Accounts free from all other Liens (other than Liens in favor of Collateral Agent and Permitted Liens). 
 (b)
Depositary, to the best of its knowledge without any independent investigation, represents and warrants that it has no knowledge of any Lien on any of the Accounts other than the claims and interest of the parties as provided herein. To the
extent that Depositary has or subsequently obtains by agreement, operation of law or otherwise a security interest in any Account or any security entitlement credited thereto, Depositary hereby subordinates to the security interest in the Accounts
of Collateral Agent all property credited thereto, all security entitlements with respect to such property and any and all statutory, regulatory, contractual or other rights now or hereafter existing in its favor over or with respect to the
Accounts, including (i) any and all contractual rights of pledge, set-off, lien or compensation, (ii) any and all statutory or regulatory rights of pledge, lien, set-off or compensation, (iii) any and all statutory, regulatory, contractual or other
rights to put on hold, block transfers from or fail to honor instructions of Collateral Agent with respect to the Accounts, or (iv) any and all statutory or other rights to prohibit or otherwise limit the pledge, assignment, collateral assignment or
granting of any type of security interest in the Accounts. Notwithstanding the foregoing, Depositary retains its rights against the Accounts in respect of the payment of Depositary’s customary fees for maintaining the Accounts, all other
customary fees, charges and reversals and payment of all amounts due and owing to Depositary (including, without limitation, amounts payable to Depositary pursuant to Sections 4.6.7 and 4.8) hereunder. Such other customary fees, charges and
reversals include, without limitation, reimbursement for the reversal of any provisional credits posted by Depositary to an Account for the face amount of any check, draft, money order, instrument, wire transfer or payment order of funds, automated
clearing house entry, or other electronic transfer of funds or other item (each an “Item” and collectively “Items”) without regard to the timeliness of return or adjustment of any Item, any adjustments or
corrections of any posting or encoding errors, all reasonable fees, charges and costs associated with the preparation, negotiation, and enforcement of this Agreement as well as all fees and charges assessed by Depositary as a result of it agreeing
to enter into this Agreement and the ongoing administration of the Accounts. 
 (c) The financial assets credited to the
Accounts shall not be subject to deduction, set-off, banker’s lien, or any other right in favor of any Person other than Collateral Agent and Depositary.

4.6 Duties and Certain Rights of Depositary;

4.6.1 General. The duties of Depositary shall be determined solely by the express provisions of this Agreement and the
provisions of the UCC relating to the duties of a securities intermediary or a bank, as applicable, and no implied duties (fiduciary or otherwise), covenants or obligations shall be read into this Agreement against Depositary. 

  
 22 

 4.6.2 Appointment. Collateral Agent hereby designates and appoints Deutsche
Bank Trust Company Americas to act on its behalf as depositary agent and securities intermediary under this Agreement, and authorizes Depositary to execute, deliver and perform, on behalf of the Secured Parties, this Agreement and to take such
actions on behalf of the Secured Parties under the provisions hereof and to exercise such powers and authority and perform such duties as are expressly delegated to Depositary by the terms of this Agreement, together with such other powers and
authority as are reasonably incidental thereto. Depositary hereby agrees to act as depositary agent and securities intermediary with respect to the Accounts and pursuant to this Agreement. The other parties hereto hereby acknowledge that
Depositary shall act as depositary agent, securities intermediary (as defined in Section 8-102(a)(14)(ii) of the UCC) and, if applicable, as a bank (as defined in Section 9-102(a)(8) of the UCC) with respect to the Accounts and pursuant to this
Agreement. 
 4.6.3 Negative Pledge. Depositary hereby agrees that it shall not grant, subject to the terms of this
Agreement, any security interests in the financial assets that it is obligated to maintain under this Agreement. Notwithstanding anything to the contrary, Depositary will not be required to comply with the preceding sentence if Depositary is
required by a law, rule, regulation or request of a regulatory authority to grant any security interests in the financial assets that Depositary is obligated to maintain under this Agreement, provided that Depositary shall provide Collateral Agent
and the Company with written notice as soon as Depositary becomes aware of any such law, rule, regulation or request of a regulatory authority that would require Depositary to grant any security interests in the financial assets that Depositary is
required to maintain under this Agreement. Subject to Section 4.5(b), Depositary hereby waives, to the fullest extent permitted by law, any Lien it may now have or subsequently acquire in respect of any Collateral, any right to apply any
Collateral in satisfaction of any claims other than the claims of the Secured Parties in respect of the Liens granted under the Collateral Documents, and any right to set off claims against Collateral other than claims of any Secured Party under the
Collateral Documents.
 4.6.4 Instructions Upon an Event of Default. Upon the occurrence and during the continuation of
an Event of Default, and until such time as Depositary receives notice from Collateral Agent that such Event of Default no longer exists, without limiting Collateral Agent’s or any other Secured Party’s rights or remedies herein or under
any of the Collateral Documents, (i) Collateral Agent shall have the right, but not the obligation, to deliver to Depositary an “entitlement order” (within the meaning of Section 8-102(a)(8) of the UCC) or other directions instructing
Depositary to administer the Accounts and disburse funds therefrom, and, upon the exercise of such right, Depositary shall comply with any such entitlement order or other directions from Collateral Agent without the further consent of the Company or
any other Person, (ii) Depositary shall not accept any instructions or certificates from the Company with respect to the withdrawal or transfer of amounts in the Accounts or otherwise unless directed to do so by Collateral Agent and (iii) Depositary
shall execute and deliver (or cause to be executed and delivered) to Collateral Agent all proxies and other instruments as Collateral Agent may reasonably request for the purpose of enabling Collateral Agent (on behalf of the Secured Parties) to
exercise any voting or other consensual rights pertaining to the Accounts and the funds and investments therein. The parties hereto agree that until Depositary’s obligations under this Agreement shall terminate in accordance with the terms
hereof, Collateral Agent shall have control of each of the Company’s security entitlements with respect to the financial assets 

  
 23 

 
credited to the Accounts, the Accounts and all funds in any Accounts. Depositary hereby represents that it has not entered into, and agrees that, until the termination of this Agreement, it
will not enter into any agreement with any other Person in respect of any of the Accounts pursuant to which it would agree to comply with entitlement orders, other orders or instructions made by such Person.

4.6.5 Standard of Care. Depositary shall exercise at least the level of care it exercises with respect to its own funds
and, in all events, reasonable care, in administering and accounting for amounts actually received by Depositary in accordance with the terms hereof and credited to the Accounts and the Permitted Investments purchased with such amounts. In the
event Depositary breaches the foregoing standard of care, Collateral Agent and the Company expressly agree that Depositary’s liability shall be limited to actual damages directly caused by such breach and in no event shall Depositary be liable
for any incidental, indirect, special, punitive or consequential damages, regardless of whether or not Depositary knew of the likelihood or was made aware of the possibility of such damages. 

4.6.6 Action Upon Notices; Exercise of Judgment. Depositary may conclusively and exclusively rely on Collateral Agent or
the Company in determining whether a Default or Event of Default under the Note Purchase Agreement has occurred, it being acknowledged and agreed by the parties hereto that if Depositary receives any conflicting notices, entitlement orders,
requests, waivers, consents, receipts or other papers or documents hereunder, the applicable notice from Collateral Agent shall control. Depositary shall not be deemed to have knowledge of a Default or Event of Default under the Note Purchase
Agreement until it has received written notice thereof from the Company or Collateral Agent. Collateral Agent and Depositary shall each be permitted to conclusively rely and act or refrain from acting, as the case may be, upon any notice,
entitlement order, request, waiver, consent, receipt or other paper or document (whether in its original or facsimile form, including portable document format (.pdf)) reasonably believed by it to be signed by Collateral Agent or Depositary, as
applicable, the Company or any other authorized Person. Other than in respect of actions or inactions that are specifically required by the terms of this Agreement, the parties hereto acknowledge that any action or direction (or inaction, as
the case may be) of Collateral Agent is only upon the proper notice or instruction of the Required Holders. In the event that the Company becomes subject to a voluntary or involuntary proceeding under any Debtor Relief Laws, if Depositary is
otherwise served with a court order or other judicial process which Depositary in good faith believes affects any Account, or Depositary is of the opinion that acting upon the instructions of Collateral Agent would result in the violation of any
applicable law, rule, regulation or request of a regulatory authority, Depositary may, upon notice to Collateral Agent, cease acting upon the instructions of Collateral Agent and suspend disbursements from the Accounts until such time as Depositary
receives a court order or other assurances reasonably satisfactory to Depositary establishing that disbursements from the Accounts may continue. 

4.6.7 Indemnification and Liability.

(a) In consideration of the appointment of Depositary, the Company agrees fully to indemnify and hold Depositary and its
directors, officers, employees and agents (collectively, the “Indemnified Persons”) harmless from and against any and all claims, losses, liabilities, damages, costs or expenses (including reasonable legal fees and

  
 24 

 
expenses) incurred by the Indemnified Person by reason of or resulting from this Agreement or any action (or inaction, as the case may be) taken in connection therewith (including Depositary
having accepted such appointment or by reason of its carrying out of any of the terms of this Agreement), and agrees to reimburse the Indemnified Person for all of its expenses, including reasonable fees and expenses of counsel and court costs,
incurred by reason of any position or action taken (or omitted) by the Indemnified Person pursuant to this Agreement or in connection with any action brought to interpret or enforce the provisions this Agreement or any part thereof, except to the
extent that any such claim, loss, liability, damage, cost or expense results from the Indemnified Person’s own gross negligence or willful misconduct. The above indemnification provisions shall survive any termination of this Agreement
including any termination under any bankruptcy or similar law or the earlier resignation or removal of Depositary. 
 (b) The
parties hereto hereby agree that no Indemnified Person shall be liable to such parties for any actions taken by any Indemnified Person pursuant to and in compliance with the terms hereof except in respect of any liability or expenses incurred by the
Indemnified Person arising from its gross negligence or willful misconduct. Each of the parties to this Agreement (for itself and any Person claiming through it) hereby releases, waives, discharges, exculpates and covenants not to sue any
Indemnified Person for any action taken or omitted under this Agreement except to the extent caused by such Indemnified Person’s gross negligence or willful misconduct. Notwithstanding anything in this Agreement to the contrary, in no event
shall Depositary be liable to the Company or to any Secured Party for special, indirect or consequential loss or damage of any kind whatsoever (including lost profits) arising out of this Agreement and the transactions contemplated hereby, even if
Depositary has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 (c) Except for
actions expressly required hereunder for which indemnification is provided pursuant to Section 4.6.7(a), each Indemnified Person shall be fully justified in refusing to take or continuing to take any action hereunder unless a confirmation was given
satisfactory to Depositary that the indemnities theretofore provided to Depositary remain in effect or that a new indemnity substantially similar to the indemnities provided under the Note Purchase Agreement has been provided. Any Indemnified
Person may consult with legal counsel of its own selection in the event of any dispute or question as to the construction of this Agreement or the Indemnified Person’s duties hereunder, and the Indemnified Person shall incur no liability and
shall be fully protected in acting in accordance with the advice, written opinion and instructions of such counsel. 
 4.6.8 Court
Orders. Depositary is hereby authorized to obey and comply with all writs, orders, judgments or decrees issued by any court, regulatory authority or administrative agency affecting any money, documents or things held by
Depositary. Depositary shall not be liable to any of the parties hereto, their successors, heirs or personal representatives by reason of Depositary’s compliance with such writs, orders, judgments or decrees, notwithstanding that such
writ, order, judgment or decree may later be reversed, modified, set aside or vacated. 

  
 25 

 4.6.9 Resignation and Termination. Depositary may at any time
resign by giving notice to each other party to this Agreement, such resignation to be effective upon the appointment of a successor depositary agent as provided below. Depositary also reserves the right, unilaterally, to terminate this Agreement,
such termination to be effective: (i) immediately if Depositary determines (in its sole discretion) that it is (x) obligated to terminate this Agreement or close an Account under statute, rule, regulation, request of a regulatory authority, or any
court order or (y) in the event of suspected fraud, bad faith, illegal or suspicious activity in connection with the Accounts. If Depositary exercises its right to unilaterally terminate this Agreement pursuant to this Section 4.6.9, all funds
on deposit in the Accounts or credited to the Accounts shall be immediately transferred by Depositary to Collateral Agent. Collateral Agent, at the direction of the Required Holders, may remove Depositary at any time by giving notice to each
other party to this Agreement, such removal to be effective upon the appointment of a successor depositary agent as provided below. 

(b) In the event of any resignation or removal of Depositary, a successor depositary agent, which shall be a bank or trust
company organized under the laws of the United States America, the State of New York or the State of Delaware, having a corporate trust office in the State of New York or the State of Delaware and a capital and surplus of not less than $250,000,000,
shall be appointed by the Company after consultation with Collateral Agent. If a successor depositary agent shall not have been appointed and accepted its appointment as depositary agent within 45 days after such notice of resignation of
Depositary or such notice of removal of Depositary, Depositary, Collateral Agent or the Company may apply (at the sole cost and expense of the Company) to any court of competent jurisdiction to appoint a successor depositary agent to act until such
time, if any, as a successor depositary agent shall have accepted its appointment as provided above. A successor depositary agent so appointed by such court shall immediately and without further act be superseded by any successor depositary
agent otherwise appointed as provided above. Any such successor depositary agent shall be capable of acting as a “securities intermediary” (within the meaning of Section 8-102(14) of the UCC) and shall deliver to each party to this
Agreement a written instrument accepting such appointment and thereupon such successor depositary agent shall succeed to all the rights and duties of Depositary under this Agreement and shall be entitled to receive the Accounts from the predecessor
Depositary. 
 (c) Upon the replacement of Depositary hereunder, all investments and other amounts held by it or credited to
Accounts pursuant to this Agreement shall be transferred to such successor depositary agent. In the event of the resignation or termination of the Depositary, the Depositary shall be entitled to its fees and expenses in accordance with the
terms hereof up to the time such resignation or termination becomes effective in accordance with this Section 4.6.9. 
 4.6.10
Directions and Instructions to the Depositary. Except for the obligations of Depositary expressly required to be performed by it hereunder, Depositary shall not be required to take or omit to take
any action, or to give any consent, hereunder unless it shall have been directed to do so by Collateral Agent. All directions or instructions required or permitted to be given by any party to another party hereunder, including any Account
Withdrawal Instruction, 

  
 26 

 
shall be given in writing and shall be effective only if given in writing. All such directions and instructions given by the Company and Collateral Agent to Depositary pursuant to this
Agreement shall be executed by an authorized signatory (each, an “Authorized Signatory”) of the Company or Collateral Agent, as applicable. No person shall be deemed to be an Authorized Signatory of the Company or Collateral
Agent unless such person is named on a certificate of incumbency delivered to Depositary on the date hereof or is otherwise named in a notice signed by an Authorized Signatory and delivered by the Company or Collateral Agent, as applicable, to
Depositary at any time subsequent to the date hereof in all cases in form reasonably satisfactory to Depositary.
 4.6.11 Individual
Capacity. Deutsche Bank Trust Company Americas may engage or be interested in any financial or other transactions with any party to this Agreement and may act on, or as depositary, trustee or agent for, any committee or body of holders
of obligations of such Persons as freely as if it were not Depositary hereunder. 
 4.6.12 Duties. Depositary shall act
as a depositary agent and securities intermediary only and shall not be responsible or liable in any manner for soliciting any funds or for the sufficiency, correctness, genuineness or validity of any funds or securities deposited with or held by
it, except in the case of its gross negligence, willful misconduct or bad faith. In the event of any dispute as to the construction or interpretation of any provision of this Agreement, Depositary shall be entitled to consult with and obtain
advice from legal counsel of its own selection in its sole discretion. 
 4.6.13 Succession. Any entity into which
Depositary may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which Depositary shall be a party, or any entity succeeding to all or substantially all of the
corporate trust business of Depositary shall be the successor of Depositary hereunder without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto except where an instrument of
transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding. 
 4.7
Remedies. If an Event of Default shall have occurred and be continuing: 
 (a) Collateral Agent may exercise in
respect of the Accounts, in addition to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party under the UCC at that time, including the right to proceed to protect and enforce the
rights vested in it by this Agreement, to sell, liquidate or otherwise dispose of any or all of the Accounts, and to cause the Accounts to be sold, liquidated or otherwise disposed of, in each case in such manner as Collateral Agent may elect;
and
 (b) the proceeds of any financial assets credited to or held in any Account and all cash proceeds received by
Collateral Agent in respect of any sale of, collection from or other realization upon all or any part of the Accounts may, then or at any time thereafter, be applied (after payment of any amounts payable to the Depositary pursuant to the terms
hereof) in whole or in part by Collateral Agent against all or any part of the Company’s obligations under the Note Purchase Agreement and the other Credit Documents. 

  
 27 

 Any surplus of such amounts or proceeds remaining after payment in full of all the Obligations under the Note
Purchase Agreement and the other Credit Documents shall be applied as directed by the Company. No right, power or remedy herein conferred upon or reserved to Collateral Agent or the other Secured Parties is intended to be exclusive of any other
right, power or remedy and every such right, power and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right, power and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder or otherwise shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. Resort to any or all security now or hereafter held by
Collateral Agent or the other Secured Parties may be taken concurrently or successively and in one or several consolidated or independent judicial actions or lawfully taken non-judicial proceedings, or both. 

4.8 Costs, Expenses and Attorneys’ Fees. The Company shall pay to Depositary all reasonable costs and expenses (including
reasonable attorneys’ fees and expenses) incurred by Depositary in connection with (a) any suit or proceeding related to or arising out of this Agreement or the transactions contemplated hereby, (b) the performance by Depositary of any of its
agreements or obligations contained herein, (c) any exercise by Depositary of its rights or remedies hereunder or (d) the purchase by Depositary of Permitted Investments as contemplated by Section 2.2 (except in each case, arising out of and to the
extent of any breach of Section 4.6.5 by or the gross negligence or willful misconduct of Depositary). The Company shall pay the reasonable costs and expenses of Depositary’s external legal counsel in connection with its review of this
Agreement on behalf of Depositary or in connection with Depositary’s performance hereunder.
 4.9 Additional Rights of Collateral
Agent and Depositary. The following rights stated in this Section 4.9 are in furtherance, and not in limitation, but without duplication, of any other rights of Collateral Agent and Depositary set forth elsewhere in this Agreement. 

4.9.1 Actions. Each of Collateral Agent and Depositary may execute any of the trusts or powers, or perform any duties,
under this Agreement either directly or through agents, sub-agents or attorneys or a custodian or nominee and neither Collateral Agent nor Depositary shall be responsible for any misconduct or negligence on the part of, or for the supervision of,
any such agent, sub-agent, attorney, custodian or nominee appointed with reasonable care by it hereunder. Neither Collateral Agent nor Depositary shall be required to expend or risk its own funds or otherwise incur any financial liability in
the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured it; and neither Collateral Agent nor Depositary shall be obligated to take any action which in either party’s reasonable judgment would involve it in expense or liability unless it has been furnished with an indemnity reasonably
satisfactory to it. Neither Collateral Agent nor Depositary shall be liable for any error of judgment or for any act done or step taken or omitted by it in good faith or for any mistake of fact or law or for anything which Collateral Agent or
Depositary may do or refrain from doing in connection herewith, except in the case of its own 

  
 28 

 
gross negligence or willful misconduct. Depositary shall have duties only as expressly set forth herein and the duties under the UCC of a bank or a securities intermediary, as applicable.
Neither Collateral Agent nor Depositary shall have any liability for losses with respect to Permitted Investments authorized by this Agreement. Nothing herein contained shall be deemed to obligate Depositary to deliver any cash, instruments,
documents or any other property referred to herein, unless the same shall have first been received by Depositary pursuant to this Agreement. Depositary shall be under no liability to any party hereto by reason of any failure on the part of any
other party hereto or any maker, guarantor, endorser or other signatory of any document or any other person to perform such person’s obligations under any such document. Depositary will incur no liability if, by reason of any provision of any
present or future law or regulation thereunder, or by any force majeure event, including natural disaster, act of terrorism, war or other circumstances beyond its reasonable control, Depositary will be prevented or forbidden from doing or performing
any act or thing which the terms of this Agreement provide will or may be done or performed. 
 4.9.2 No Responsibility for
Statements, Etc. To the fullest extent permitted by law, neither Collateral Agent nor Depositary nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates shall be responsible in any manner to
any of the other Secured Parties for any recitals, statements, representations or warranties made by the Company or any representative thereof or any other Person contained in any other document or in any certificate, report, statement or other
document referred to or provided for in, or received by Depositary under or in connection with, any such document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of the Collateral, any document or for any
failure of the Company to perform its obligations thereunder. Neither Collateral Agent nor Depositary shall be under any obligation to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or
conditions of, any other agreement or to inspect the properties, books or records of the Company. Depositary shall not be charged with knowledge of any provision of the Note Purchase Agreement. 

4.9.3 Collateral. Except as expressly provided hereunder, nothing in this Agreement shall be interpreted as giving
Collateral Agent or Depositary responsibility for or any duty concerning the validity, perfection, priority or enforceability of any Lien on any Collateral, or giving Collateral Agent or Depositary any obligation to take any action to procure or
maintain such validity, perfection, priority or enforceability. 
 4.10 Non-Business Days. If Depositary shall be required under
this Agreement or pursuant to any directions given by the Company or Collateral Agent to make any withdrawal, disbursement, transfer or payment on a day other than a Business Day, Depositary shall make such withdrawal, disbursement, transfer or
payment on the next succeeding Business Day. 
 ARTICLE 5. 

TERMINATION OF AGREEMENT 
 The
rights and powers granted herein to Collateral Agent have been granted in order, among other things, to perfect Collateral Agent’s security interests in the Accounts, are powers coupled with an interest, and will neither be affected by the
bankruptcy of the Company or any other Person nor by the lapse of time. Except as otherwise provided herein, the obligations of 

  
 29 

 Depositary hereunder shall continue in effect until the security interests of Collateral Agent in the Accounts
have been terminated, and Collateral Agent has notified Depositary of such termination. Failure of Collateral Agent to so notify Depositary shall not affect the rights of the Company hereunder. When the Obligations under the Credit
Documents, other than those Obligations which expressly survive the termination of the applicable agreements, of the Company to the Secured Parties have been indefeasibly satisfied in full, all right, title and interest of Collateral Agent in the
Accounts shall revert to the Company. At such time, (i) Collateral Agent shall notify Depositary to, and upon such notification Depositary shall, pay any amounts (including Permitted Investments) then remaining in any of the Accounts,
minus any amounts due and owing Depositary hereunder, to an account designated by the Company to Depositary, (ii) the Company shall notify all Persons who are expected to make payments to it to remit such payments to the order of the Company
and not to the Accounts, and (iii) the Accounts shall be closed. If any funds are received by Collateral Agent or Depositary for deposit in any Account after such Account is closed in accordance with the preceding sentence or the relevant
provisions of Article 3, Collateral Agent shall promptly remit or instruct Depositary to remit such funds to (or at the direction of) the Company, in the form received, with any necessary endorsements. No termination of any Secured Party’s
interest hereunder shall affect the rights of any other Secured Party hereunder or under any other Credit Document.
 ARTICLE 6. 

MISCELLANEOUS 
 6.1
Notices. Each notice, instruction, entitlement order, request or other document delivered hereunder shall be in writing. Each Account Withdrawal Instruction shall be delivered by First Class mail (postage prepaid), in person, or by
facsimile to Depositary at the office or to the facsimile number specified in this Section or hereafter provided in writing. For purposes of this Section 6.1, any Account Withdrawal Instruction delivered by email shall be effective only if such
Account Withdrawal Instruction is contained in an email transmittal as an executed instrument, in portable document format (.pdf) or otherwise. Any communications between the parties hereto or notices provided herein to be given shall be given
to the following addresses: 
  

			
	If to Depositary:	  	Deutsche Bank Trust Company Americas
		  	60 Wall Street
		  	MSNYC 60-2710
		  	New York, NY 10005
		  	Attn: [***]
		  	Telephone: [***]
		  	Facsimile: [***]
		  	E-mail: [***]
		
	If to Collateral Agent:	  	Deutsche Bank Trust Company Americas
		  	60 Wall Street
		  	MSNYC 60-2710
		  	New York, NY 10005
		  	Attn: [***]
		  	Telephone: [***]
		  	Facsimile: [***]
		  	E-mail: [***]

  

[***] Confidential Treatment Requested 

  
 30 

			
		
	If to the Company:	  	Diamond State Generation Partners, LLC
		  	1252 Orleans Drive
		  	Sunnyvale, CA 94089
		  	Attn: [***]
		  	Telephone: [***]
		  	Facsimile: [***]
		  	E-mail: [***]
		
	If to any Holder:	  	As provided in the Note Purchase Agreement

 Any notice or other communication herein required or permitted to be given shall be in writing, and shall be
deemed effective only if given in writing, and shall be considered as properly given (a) if delivered in person, (b) if sent by overnight courier service (including Federal Express, UPS, ETA, and other similar overnight delivery services), (c) if
mailed by first class United States Mail, postage prepaid, registered or certified with return receipt requested, (d) if sent by facsimile, with the original sent by other means set forth in this Section 6.1, or (e) other electronic means (including
email and Internet or intranet websites) pursuant to procedures approved by Collateral Agent; provided, that the foregoing clause (e) shall not apply to notices if the party to receive the notice has notified Collateral Agent that it is
incapable of receiving notices by electronic communication or if no email address is given above or later provided as an approved method of receiving notice for any party. Notices delivered in person or overnight courier service, or mailed by
registered or certified mail, shall be deemed to have been given when received; notices sent by facsimile shall be deemed to have been given upon the sender’s receipt of an acknowledgement from the intended recipient (such as by return
facsimile, email or other written acknowledgement). With respect to electronic communications, (i) notices and other communications sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgement from the
intended recipient (such as by the “return receipt requested” function, as available, return email or other written acknowledgement); provided, that if such notice or other communication is not sent during the normal business hours
of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed
received upon the deemed receipt by the intended recipient at its email address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

For the purposes hereof, the address of each party hereto shall be the address specified in this Section, provided, that any party
shall have the right to change its address for notice hereunder to any other location within the continental United States by giving of 30 days’ notice to the other parties in the manner set forth above. 

6.2 Benefit of Agreement. Nothing in this Agreement, expressed or implied, shall give or be construed to give to any Person other
than the parties hereto and the Secured Parties any legal or equitable right, remedy or claim under this Agreement, or under any covenants and provisions of this Agreement, each such covenant and provision being for the sole benefit of the parties
hereto and the Secured Parties. 
  
 [***] Confidential Treatment Requested 

  
 31 

 6.3 Delay and Waiver. No failure or delay by Collateral Agent or Depositary in
exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of Collateral Agent hereunder are cumulative and are not exclusive of any rights or remedies that it would otherwise have. No waiver of any provision
of this Agreement or consent to any departure by the Company therefrom shall in any event be effective unless the same shall be permitted by Section 6.4, and then such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. 
 6.4 Amendments. No provision of this Agreement may be waived, amended, supplemented or otherwise
modified, except by a written instrument signed by each of the parties hereto. 
 6.5 Governing Law. THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED UNDER, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 AND SECTION 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), EXCEPT AS REQUIRED BY MANDATORY PROVISIONS OF LAW AND
EXCEPT TO THE EXTENT THAT THE VALIDITY OR PERFECTION OF THE LIEN AND SECURITY INTEREST HEREUNDER, OR REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR ACCOUNT ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW
YORK. REGARDLESS OF ANY PROVISION IN ANY OTHER AGREEMENT, FOR PURPOSES OF THE UCC, THE “SECURITIES INTERMEDIARY’S JURISDICTION” OF DEPOSITARY WITH RESPECT TO THE ACCOUNTS IS THE STATE OF NEW YORK. 

6.6 Consent to Jurisdiction. Collateral Agent, Depositary and the Company agree that any legal action or proceeding by or against
the Company or with respect to or arising out of this Agreement may be brought in or removed to the courts of the State of New York, in and for the County of New York, or of the United States of America for the Southern District of New York in the
Borough of Manhattan, as each of them respectively may elect. By execution and delivery of this Agreement, Collateral Agent, Depositary and the Company accept, for themselves and in respect of their property, generally and unconditionally, the
non-exclusive jurisdiction of the aforesaid courts. Collateral Agent, Depositary and the Company irrevocably consent to the service of process out of any of the aforementioned courts in any manner permitted by law. Nothing herein shall affect
the right of Collateral Agent or Depositary to bring legal action or proceedings in any other competent jurisdiction. Collateral Agent, Depositary and the Company hereby waive any right to stay or dismiss any action or proceeding under or in
connection with this Agreement brought before the foregoing courts on the basis of forum non-conveniens. 
 6.7 WAIVER OF JURY
TRIAL. THE COMPANY, DEPOSITARY AND COLLATERAL AGENT HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION
WITH, THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN), OR ACTIONS OF THE COMPANY, DEPOSITARY OR COLLATERAL AGENT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR EACH PARTY TO ENTER
INTO THIS AGREEMENT.  

  
 32 

 The scope of this waiver is intended to be all-encompassing of any and all disputes that may be
filed in any court and that relate to the subject matter of this transaction, including contract claims, tort claims, breach of duty claims and all other common law and statutory claims. Each party hereto acknowledges that (i) this waiver is a
material inducement to enter into a business relationship, (ii) it has already relied on this waiver in entering into this Agreement, and (iii) it will continue to rely on this waiver in their related future dealings. Each party hereto further
warrants and represents that it has reviewed this waiver with its legal counsel and that it knowingly and voluntarily waives its jury trial rights following consultation with legal counsel. In the event of litigation, this Agreement may be filed as
a written consent to a trial by the court. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 6.7 AND EXECUTED BY EACH
OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.  

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

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

6.10 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, provided that (a) the Company may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of Collateral Agent, and (b) Depositary may only assign or otherwise transfer any
of its rights or obligations hereunder in accordance with the terms of this Agreement (including Section 4.6). 
 6.11 Entire
Agreement. This Agreement and any agreement, document or instrument attached hereto or referred to herein among the parties hereto integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral negotiations
and prior writings in respect of the subject matter hereof. In the event of any conflict between the terms, conditions and provisions of this Agreement and any such agreement, document or instrument, the terms, conditions and provisions of this
Agreement shall prevail; provided, however, that Depositary shall not be charged with knowledge of any agreement to which it is not a party. 

  
 33 

 6.12 Survival of Agreements. All covenants, agreements, representations and warranties
made by the Company herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery
of this Agreement, and shall continue in full force and effect so long as this Agreement has not been terminated in accordance with the terms hereof. The provisions regarding the payment of expenses and indemnification obligations, including Section
4.6.7, shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the termination of this Agreement or any provision hereof or the resignation or removal of Depositary. 

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

6.14 Patriot Act. The parties hereto acknowledge that in order to help the United States government fight the funding of terrorism and
money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) all financial institutions are required to obtain, verify, record and update information that identifies each
person establishing a relationship or opening an account. The parties to this Agreement agree that they will provide to Collateral Agent/Depositary such information as it may request, from time to time, in order for Collateral Agent/Depositary to
satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that will allow it to identify the individual or entity who is establishing the relationship or opening
the account and may also ask for formation documents such as articles of incorporation or other identifying documents to be provided.

[SIGNATURE PAGES FOLLOW] 

  
 34 

 IN WITNESS WHEREOF, the parties hereto, by their officers duly authorized, intending to be
legally bound, have caused this Depositary Agreement to be duly executed and delivered as of the date first above written. 
  

					
	 DIAMOND STATE GENERATION PARTNERS, LLC, a Delaware limited liability company

as the Company

		
	By:	 	 /s/ William E. Brockenborough

		 	Name:	 	William E. Brockenborough
		 	Title:	 	President

 Depositary 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
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as the Depositary
		
	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

 Depositary Agreement 

 EXHIBIT A 

to Depositary Agreement 
 FORM OF
ACCOUNT WITHDRAWAL INSTRUCTION 
 Date: [                ],
201     
 Deutsche Bank Trust Company Americas, as Depositary Agent 

60 Wall Street
 MSNYC 60-2710 

New York, NY 10005 
 Attn: Trust and Agency Services

 Facsimile: (732) 578-4593 
 Telephone: (212)
250-7863 
 Email:
  

	 	Re:	DIAMOND STATE GENERATION PARTNERS, LLC – Account Withdrawal Instruction 

 Ladies and Gentlemen:

 This Account Withdrawal Instruction is delivered pursuant to the Depositary Agreement, dated as of March 20, 2013 (the
“Depositary Agreement”), by and among DIAMOND STATE GENERATION PARTNERS, LLC, a Delaware limited liability company (“Company”), DEUTSCHE BANK TRUST COMPANY AMERICAS, as depositary agent, bank and securities
intermediary (in such capacity, “Depositary”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent (in such capacity, “Collateral Agent”). Unless otherwise defined herein or unless the context otherwise
requires, terms used in this Account Withdrawal Instruction have the meanings provided in the Depositary Agreement. 
 In this Account
Withdrawal Instruction, Depositary is hereby directed to withdraw funds from the following Accounts and apply such funds as provided herein: 
  

															
	 Account from which to withdraw/transfer
	  	Withdrawal/Transfer
Date	 	  	Amount to be
withdrawn/transferred	 	  	Account/Person to be
Transferred to,
including address or
wire transfer
information, as
applicable	 	  	 Purpose

		  				  				  				  	
		  				  				  				  	

 IN WITNESS WHEREOF, this Account Withdrawal Instruction is duly executed and delivered by a duly
authorized representative of Collateral Agent as of the date first above written. 
  

			
	DIAMOND STATE GENERATION PARTNERS, LLC, a Delaware limited liability company
	as the Company
		
	By:	 	  

		 	Name:
		 	Title:
	
	ACKNOWLEDGED BY:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as the Collateral Agent
		
	By:	 	Deutsche Bank National Trust Company
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 EXHIBIT B 

to Depositary Agreement 
 FORM OF
ACCOUNT WITHDRAWAL REQUEST 
 Date:                 ,
         
 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Collateral Agent 
 60 Wall Street 

MSNYC 60-2710 
 New York, NY 10005 

Attn: Trust and Agency Services 
 Telephone: (212) 250-7863 

Facsimile: (732) 578-4593 
 E-mail:
[                    ] 
 [name and address information
of each Holder to be inserted] 
  

	 	Re:	Diamond State Generation Partners, LLC – Account Withdrawal Request 

 Ladies and Gentlemen: 

I,
                                        , am a
Responsible Officer of Diamond State Generation Partners, LLC, a Delaware limited liability company (“Company”), and am delivering this Account Withdrawal Request pursuant to that certain Depositary Agreement, dated as of March 20,
2013 (as amended, supplemented or otherwise modified from time to time, the “Depositary Agreement”), among Company, you, as Collateral Agent, and Deutsche Bank Trust Company Americas, as Depositary. Unless otherwise defined herein
or unless the context otherwise requires, capitalized terms used in this Account Withdrawal Request have the meanings provided in the Depositary Agreement and section references are references to sections of the Depositary Agreement.

In this Account Withdrawal Request, Company requests Collateral Agent to direct Depositary to withdraw funds from the following Accounts and
apply such funds as provided herein: 
  

															
	
Account from which to withdraw/transfer
	  	Withdrawal/Transfer
Date	 	  	Amount to be
withdrawn/transferred	 	  	Account/Person to be
Transferred to,
including address or
wire transfer
information, as
applicable	 	  	 Purpose

		  				  				  				  	
		  				  				  				  	

 I have reviewed the provisions of the Depositary Agreement which are relevant to the furnishing
of this Account Withdrawal Request and hereby certify, on behalf of Company, in my capacity as [                    ] thereof, and not in my
individual capacity, that: 
 (i) the withdrawals and transfers requested herein comply with the terms and conditions of the Depositary
Agreement [and the [list items] to be delivered pursuant thereto in connection with this Account Withdrawal Request are attached hereto as [list exhibits and attach]]; 

(ii) to the extent that this Account Withdrawal Request evidences, attests or requires compliance with any covenants, representations,
warranties or conditions precedent in the Depositary Agreement or in any other Credit Document, I have made such examination or investigation as was reasonably necessary to confirm that such covenants, representations, warranties or conditions have
been complied with; and
 (iii) no Default or Event of Default has occurred and is continuing. 

[Signature page follows] 

  
 2 

 IN WITNESS WHEREOF, I, the
[                    ] of Company, have caused this Account Withdrawal Request to be duly executed and delivered as of the date first above written.

  

			
	DIAMOND STATE GENERATION PARTNERS,
	LLC,
	a Delaware limited liability company
		
	By:	 	  

		 	Name:
		 	Title:

  
 3 

 [EXHIBITS, IF APPLICABLE] 

  
 4 

 EXHIBIT C 

to Depositary Agreement 
 NOTE
PURCHASE AGREEMENT 
 See Execution VersionEX-10.23

 Exhibit 10.23 

Execution 
 [***] 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. 

 
  

FIRST AMENDED AND RESTATED 

PURCHASE, USE AND MAINTENANCE AGREEMENT 

between 
 BLOOM ENERGY
CORPORATION 
 as Seller 

and 
 2016 ESA PROJECT
COMPANY, LLC 
 as Buyer 

dated as of October 24, 2016 and 

Amended and Restated as of June 26, 2017 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE I DEFINITIONS	  	 	2	 
			
	 Section 1.1
	  	Definitions	  	 	2	 
	 Section 1.2
	  	Other Definitional Provisions	  	 	18	 
		
	ARTICLE II PURCHASE AND SALE	  	 	18	 
			
	 Section 2.1
	  	Appointment of Seller as Buyer’s EPC Provider	  	 	18	 
	 Section 2.2
	  	Purchase Orders	  	 	19	 
	 Section 2.3
	  	Invoicing of Purchase Price	  	 	19	 
	 Section 2.4
	  	Payment of Purchase Price	  	 	21	 
	 Section 2.5
	  	Purchase and Sale of Facilities	  	 	22	 
	 Section 2.6
	  	PPA Termination and Re-Purchase of Facilities	  	 	23	 
	 Section 2.7
	  	Purchase Price Adjustment for Changes in ITC Eligibility	  	 	23	 
	 Section 2.8
	  	Purchase Price Adjustment for Portfolio Price Changes	  	 	23	 
		
	ARTICLE III DELIVERY AND INSTALLATION OF BLOOM SYSTEMS AND BALANCE OF FACILITIES	  	 	25	 
			
	 Section 3.1
	  	Access to Site	  	 	25	 
	 Section 3.2
	  	Delivery of Bloom Systems	  	 	25	 
	 Section 3.3
	  	Delivery of Balance of Facility; Installation of Bloom Systems	  	 	26	 
	 Section 3.4
	  	Commissioning; Commencement of Operations	  	 	27	 
	 Section 3.5
	  	Insurance	  	 	29	 
	 Section 3.6
	  	Disposal; Right of First Refusal	  	 	29	 
	 Section 3.7
	  	Third Party Warranties	  	 	29	 
	 Section 3.8
	  	Access; Cooperation	  	 	30	 
	 Section 3.9
	  	Performance Standards	  	 	30	 
		
	ARTICLE IV FACILITY SERVICES	  	 	31	 
			
	 Section 4.1
	  	In General	  	 	31	 
	 Section 4.2
	  	Operation and Maintenance Services	  	 	31	 
	 Section 4.3
	  	Service Fees	  	 	34	 
	 Section 4.4
	  	Remote Monitoring; BloomConnect	  	 	35	 
	 Section 4.5
	  	Permits	  	 	35	 
	 Section 4.6
	  	Service Providers	  	 	35	 
	 Section 4.7
	  	Rights to Deliverables	  	 	36	 
	 Section 4.8
	  	Coordination of Relationship	  	 	36	 
	 Section 4.9
	  	Relocation or Removals of Equinix Power Modules	  	 	37	 
	 Section 4.10
	  	Remarketing and Redeployment Assistance	  	 	37	 
		
	ARTICLE V WARRANTIES	  	 	38	 
			
	 Section 5.1
	  	Facility Services Warranty	  	 	38	 
	 Section 5.2
	  	Performance Guaranty	  	 	38	 
	 Section 5.3
	  	Efficiency Warranty	  	 	38	 
	 Section 5.4
	  	Performance Warranty	  	 	39	 

  
 i 

							
	 Section 5.5
	  	Portfolio Warranty	  	 	39	 
	 Section 5.6
	  	Exclusions	  	 	40	 
	 Section 5.7
	  	Portfolio Warranty Claims	  	 	40	 
	 Section 5.8
	  	Indemnification Regarding Performance Under PPAs	  	 	42	 
	 Section 5.9
	  	Disclaimers	  	 	43	 
	 Section 5.10
	  	Title	  	 	43	 
		
	Article VI RECORDS AND AUDITS    	  	 	43	 
			
	 Section 6.1
	  	Record-Keeping Documentation; Audit Rights	  	 	43	 
	 Section 6.2
	  	Reports; Invoicing Information; Other Information	  	 	45	 
		
	Article VII DATA ACCESS    	  	 	45	 
			
	 Section 7.1
	  	Access to Data and Meters	  	 	45	 
		
	Article VIII REPRESENTATIONS AND WARRANTIES OF SELLER    	  	 	46	 
			
	 Section 8.1
	  	Representations and Warranties of Seller	  	 	46	 
		
	Article IX REPRESENTATIONS AND WARRANTIES OF BUYER    	  	 	50	 
			
	 Section 9.1
	  	Representations and Warranties of Buyer	  	 	50	 
		
	Article X CONFIDENTIALITY    	  	 	51	 
			
	 Section 10.1
	  	Confidential Information	  	 	51	 
	 Section 10.2
	  	Restricted Access	  	 	52	 
	 Section 10.3
	  	Permitted Disclosures	  	 	53	 
		
	Article XI LICENSE AND OWNERSHIP; SOFTWARE    	  	 	55	 
			
	 Section 11.1
	  	IP License to Use	  	 	55	 
	 Section 11.2
	  	Grant of Third Party Software License	  	 	55	 
	 Section 11.3
	  	Effect on Licenses	  	 	56	 
	 Section 11.4
	  	No Software Warranty	  	 	56	 
	 Section 11.5
	  	IP Related Covenants	  	 	56	 
	 Section 11.6
	  	Representations and Warranties	  	 	57	 
		
	Article XII EVENTS OF DEFAULT AND TERMINATION    	  	 	57	 
			
	 Section 12.1
	  	Seller Default	  	 	57	 
	 Section 12.2
	  	Buyer Default	  	 	58	 
	 Section 12.3
	  	Buyer’s Remedies Upon Occurrence of a Seller Default	  	 	59	 
	 Section 12.4
	  	Seller’s Remedies Upon Occurrence of a Buyer Default	  	 	59	 
	 Section 12.5
	  	Preservation of Rights	  	 	59	 
	 Section 12.6
	  	Force Majeure	  	 	60	 
	 Section 12.7
	  	Termination of Facilities Subject to PPAs	  	 	60	 
		
	Article XIII INDEMNIFICATION    	  	 	61	 
			
	 Section 13.1
	  	IP Indemnity.	  	 	61	 
	 Section 13.2
	  	Indemnification of Seller by Buyer.	  	 	62	 
	 Section 13.3
	  	Indemnification of Buyer by Seller	  	 	63	 
	 Section 13.4
	  	Indemnity Claims Procedure	  	 	63	 
	 Section 13.5
	  	Limitation of Liability	  	 	64	 

  
 ii 

							
	 Section 13.6
	  	Liquidated Damages; Estoppel	  	 	65	 
	 Section 13.7
	  	Survival	  	 	65	 
		
	Article XIV MISCELLANEOUS PROVISIONS	  	 	65	 
			
	 Section 14.1
	  	Amendment and Modification	  	 	65	 
	 Section 14.2
	  	Waiver of Compliance; Consents	  	 	65	 
	 Section 14.3
	  	Notices	  	 	65	 
	 Section 14.4
	  	Assignment; Subcontractors	  	 	66	 
	 Section 14.5
	  	Dispute Resolution; Service of Process	  	 	68	 
	 Section 14.6
	  	Governing Law, Jurisdiction, Venue	  	 	68	 
	 Section 14.7
	  	Counterparts	  	 	68	 
	 Section 14.8
	  	Interpretation	  	 	68	 
	 Section 14.9
	  	Entire Agreement	  	 	68	 
	 Section 14.10
	  	Construction of Agreement	  	 	69	 
	 Section 14.11
	  	Severability	  	 	69	 
	 Section 14.12
	  	Further Assurances	  	 	69	 
	 Section 14.13
	  	Independent Contractors	  	 	69	 
	 Section 14.14
	  	Limitation on Export	  	 	69	 
	 Section 14.15
	  	Time of Essence	  	 	69	 
	 Section 14.16
	  	No Rights in Third Parties	  	 	70	 
	 Section 14.17
	  	Amendment and Restatement of Original PUMA	  	 	70	 

  
 iii 

			
	ANNEXES	  	
		
	Annex A	  	Minimum Power Product Example Calculation
	Annex B	  	Insurance
	Annex C	  	Capacity Warranty Claim Example Calculation and Amounts Payable
	Annex D	  	List of PPAs
		
	EXHIBITS	  	
		
	Exhibit A	  	Specifications for Bloom Systems and Battery Solution
	Exhibit B	  	Form of Bill of Sale
	Exhibit C	  	Seller Deliverables
	Exhibit D	  	Form of Payment Notice
	Exhibit E	  	Form of Purchase Order
	Exhibit F	  	Form of Seller’s Deposit Milestone Certificate
	Exhibit G	  	Form of Tranche Notice
	Exhibit H	  	Form of Seller’s Certificate of Installation
	Exhibit I	  	[Reserved]
	Exhibit J	  	Seller Corporate Safety Plan
	Exhibit K	  	Subcontractor Quality Plan
	Exhibit L	  	[Reserved]
	Exhibit M	  	Parties’ Managers and Service Fees
		
	SCHEDULES	  	
		
	Schedule 3.3	  	Design and Installations Procedures
	Schedule 3.4	  	Commissioning Procedures
	Schedule 4.2	  	Operations and Maintenance Procedures
	Schedule 4.6	  	Approved Major Service Providers

  

  
 iv 

 FIRST AMENDED AND RESTATED 

PURCHASE, USE AND MAINTENANCE AGREEMENT 

This FIRST AMENDED AND RESTATED PURCHASE, USE AND MAINTENANCE AGREEMENT (this “Agreement”), dated as of October 24,
2016, and amended and restated as of June 26, 2017 (the “Agreement Date”), is entered into by and between BLOOM ENERGY CORPORATION, a Delaware corporation (“Seller”), and 2016 ESA PROJECT COMPANY, LLC, a
Delaware limited liability company (“Buyer”). Seller and Buyer are referred to in this Agreement individually, as a “Party” and, collectively, as the “Parties”. 

RECITALS 
 WHEREAS,
Seller is in the business of designing, constructing and installing on-site solid oxide fuel cell power generating systems; 

WHEREAS, Buyer is a company formed at the direction of Seller for the purpose of purchasing and owning Bloom Systems for the generation of
electricity and sale of electricity generated by the Bloom Systems; 
 WHEREAS, Buyer and its immediate parent company, 2016 ESA HoldCo,
LLC, a Delaware limited liability company, are being acquired by Southern PowerSecure Holdings, Inc. contemporaneously herewith pursuant to membership interest purchase agreement among Seller, Clean Technologies 2016, LLC, a Seller Affiliate, and
Southern PowerSecure Holdings, Inc., a Buyer Affiliate (the “MIPA”); 
 WHEREAS, Buyer desires to purchase, and Seller
desires to sell, Bloom Systems to be installed in certain Facilities in connection with PPAs entered into by Buyer when and as the conditions to such installation are met as provided in this Agreement; 

WHEREAS, to induce Buyer to purchase the Bloom Systems, Seller also has agreed to provide certain operations and maintenance services to or on
behalf of Buyer subject to the terms and conditions of this Agreement; 
 WHEREAS, Buyer and Seller previously entered into that certain
Purchase, Use and Maintenance Agreement, dated as of October 24, 2016, as amended by (a) that certain Amendment No. 1 to Purchase, Use and Maintenance Agreement, dated as of February 15, 2017, and (b) that certain Amendment
No. 2 to Purchase, Use and Maintenance Agreement, dated as of April 28, 2017 (collectively, the “Original PUMA”); and 

WHEREAS, Buyer and Seller now wish to amend and restate the Original PUMA in its entirety with this Agreement as of the Agreement Date, as
further set forth in Section 14.17. 
 NOW, THEREFORE, in consideration of the mutual covenants, representations,
warranties and agreements hereinafter set forth, and intending to be legally bound hereby, the Parties agree as follows: 

 AGREEMENT 

ARTICLE I 
 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 a Facility and measured by the Facility
Meter, and, subject to adjustment for meter defects pursuant to a PPA, where appropriate in the context of this Agreement, aggregated together with the actual energy output of other Facilities. 

“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, provided that notwithstanding anything in this Agreement to the contrary, Seller is not an Affiliate of Buyer. For purposes of this Agreement, the direct or indirect ownership of
over fifty percent (50%) of the outstanding voting securities of an entity, or the right to receive over fifty percent (50%) of the profits or earnings of an entity shall be deemed to constitute control. Such other relationships as in fact results
in actual control over the management, business and affairs of an entity, shall also be deemed to constitute control. 

“Agreement” is defined in the preamble. 

“Agreement Date” is defined in the preamble. 

“AOM” means an auxiliary output module, to be included in certain of the Facilities. 

“Appraisal Procedure” means within fifteen (15) days of a Party invoking the procedure described in this definition
Buyer and Seller shall engage a Qualified Appraiser, mutually acceptable to them, to conclusively determine within fifteen (15) days after appointment the Fair Market Value of a Facility. 

“Approved LDC” means, with respect to each Site, the local natural gas distribution company serving the PPA Customer at such
Site. For the avoidance of doubt, natural gas supplied by any Approved LDC shall be deemed to satisfy Seller’s requirements regarding the quality and composition of natural gas supplied to the Bloom Systems sold to Buyer hereunder. 

“AT&T PPA” has the meaning set forth in Annex D. 

“Bankruptcy” or “Bankrupt” as to any Person means the filing of a petition for relief as to any such Person
as debtor or bankrupt under the Bankruptcy Code or like provision of law (except if such petition is contested by such Person and has been dismissed within sixty (60) days); insolvency of such Person as finally determined by a court proceeding;
filing by such Person of a petition or application to accomplish the same or for the appointment of a receiver or a trustee for such Person or a substantial part of its Assets; commencement of any proceedings relating to such Person under any other
reorganization, arrangement, insolvency, adjustment of debt or liquidation law of any jurisdiction, whether now in existence or hereinafter in effect, either by such Person or 

  
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by another, provided, that if such proceeding is commenced by another, such Person indicates its approval of such proceeding, consents thereto or acquiesces therein, or such proceeding is
contested by such Person and has not been finally dismissed within sixty (60) days. 
 “Bankruptcy Laws” is defined in
Section 11.3. 
 “Base Case Model” means the economic model titled “PPA VI Financial
Model 10-23-16 BASE CASE MODEL FINAL,” posted to the Electronic Data Room on October 23, 2016. 

“Battery Solution” means an integrated battery solution, manufactured and supplied by the Battery Solution Manufacturer as
described in the specifications set forth on Exhibit A, to be included in certain of the Facilities. 
 “Battery Solution
Manufacturer” means PowerSecure, Inc., or such replacement manufacturer as the Parties may mutually agree in writing. 

“Bill of Sale” means a bill of sale in substantially the form attached hereto as Exhibit B. 

“Bloom Component Defect” means any defect in parts and components supplied by Seller or any of its Affiliates to the Battery
Solution Manufacturer that are used to manufacture any Battery Solution that (i) was not caused by the Battery Solution Manufacturer’s misuse, including but not limited to, improper testing, assembly, and mishandling of such parts and
components and (ii) results in a failure of such parts and components to perform in accordance with any performance warranty(ies) provided by Seller to the Battery Solution Manufacturer. 

“Bloom Systems” means all on-site solid oxide fuel cell power generating systems
capable of being powered by natural gas designed, constructed and installed by Seller, which will be installed in the Facilities, and “Bloom System” means each such system. 

“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 facilities and equipment ancillary to the Bloom Systems and installed in connection with the Facility at each Site and all other things ancillary to
the Facility and required on or in the vicinity of the Site which are necessary to achieve Commencement of Operations at each such Site or which are otherwise required by the applicable PPA or Site License for such Site. 

“BOF Work” is defined in Section 3.3(a). 

“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. 
 “Buyer” is defined in the preamble. 

“Buyer Default” is defined in Section 12.2. 

“Buyer Indemnitee” is defined in Section 13.3(a). 

  
 3 

 “Buyer Manager” is defined in Section 4.8(b). 

“Calendar Quarter” means each period of three months ending on March 31, June 30, September 30 and December
31. 
 “Capacity Warranty” means the Performance Warranty or the Performance Guaranty, as applicable. 

“Claiming Party” is defined in Section 12.6. 

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

“Commencement of Operations” means, with respect to any Facility, the completion and the performance of all of the following
activities: 
 (a) all Bloom Systems and related materials comprising such Facility required to complete all BOF Work have been Delivered;

 (b) such Facility has been installed at the location specified in the applicable Site License and Placed in Service; 

(c) (i) such Facility (A) has been attached to the load at the applicable Site, (B) is producing power at one hundred percent (100%) of
the aggregate System Capacity of all Bloom Systems included in such Facility, and (C) is operating at or above the Minimum Efficiency Level, and (ii) Seller has provided Buyer with evidence reasonably satisfactory to Buyer of each of the
foregoing; 
 (d) Seller has (i) performed and successfully completed all necessary acts under the applicable Interconnection Agreement
(including performance testing), and (ii) obtained permission from the applicable Person granting Buyer permission to interconnect such Facility with the distribution or transmission facilities of the Transmitting Utility; 

(e) Seller shall have delivered Seller’s Certificate of Installation to Buyer; and 

(f) Seller shall have delivered to Buyer each of the Seller Deliverables indicated on Exhibit C as items for delivery prior to or at
Commencement of Operations. 
 “Commencement of Operations Date Deadline” means June 30, 2018. 

“Components” means any tangible materials and spare or replacement parts reasonably required for the construction,
installation, commissioning, operation, maintenance and repair of a Facility. 
 “Confidential Information” is defined in
Section 10.1. 
 “DDP (Incoterms 2010)” means Delivered Duty Paid (DDP) as such term is used in
the International Rules for the Interpretation of Trade Terms (identified as “INCOTERMS® 2010”) as prepared by the International Chamber of Commerce. 

  
 4 

 “Delivery” means for each Bloom System, the physical delivery of such Bloom
System to its Site. Following such Delivery, the Bloom System shall have been “Delivered.” 
 “Delivery
Date” means for each Bloom System, the date of Delivery. 
 “Deposit Milestone Requirements” means, for a Tranche,
that: 
 (a) Buyer has received approval of Site plans and single-line drawings from one or more PPA Customers for Facilities with aggregate
System Capacity equal to or greater than the aggregate System Capacity of Facilities included in such Tranche (and all other Tranches for which Seller previously delivered a Seller’s Deposit Milestone Certificate to Buyer); 

(b) Seller has received all materials required for the commencement of fabrication of Bloom Systems with aggregate System Capacity equal to or
greater than the aggregate System Capacity of Facilities included in such Tranche, and all materials required as of such time to allow for completion of such fabrication in order to achieve Commencement of Operations of such Facilities (and all
Facilities included in all other Tranches for which Seller previously delivered a Seller’s Deposit Milestone Certificate to Buyer) within ninety (90) days; and 

(c) Seller shall have delivered Seller’s Deposit Milestone Certificate to Buyer, certifying the satisfaction of requirements (a) and
(b) hereof. 
 “Documentation” means Bloom System documentation for a Facility, including testing, engineering,
specifications, and operations and maintenance manuals, Training Materials, drawings, reports, standards, schematics, directions, samples and patterns, including any such Documentation required to be delivered prior to Commencement of Operations
under Section 3.4(a)(iv). 
 “Efficiency” means the quotient of E/F, where (i) E = the
electricity produced by the applicable Facility, measured in BTUs (British Thermal Units) at an assumed conversion rate of 3,412 BTUs per kWh, and (ii) F = the fuel consumed by such Facility, measured in BTUs on a lower heating value basis as
determined by the mass flow controller included in the applicable Facility. 
 “Efficiency Warranty” is defined in
Section 5.3. 
 “Efficiency Warranty Period” means each calendar month following the Commencement
of Operations of a Facility (or, in the case of the calendar month in which Commencement of Operations occurred, the portion of such calendar month commencing on the date such Facility achieved Commencement of Operations), but shall exclude any
period when such Facility (i) was subject to a Force Majeure Event, (ii) was not delivering Energy because of a failure to perform by the applicable PPA Customer, except to the extent caused or contributed to by Seller or its employees,
agents, subcontractors or representatives, (iii) was required by a Legal Requirement (which for this purpose shall include any utility requirement) to be disconnected from the distribution or transmission facilities of the Transmitting Utility
or otherwise required not to deliver Energy as the result of a Legal Requirement or action by or a directive from the applicable Transmitting Utility with respect to such Facility (e.g., due to a grid event), or (iv) was impacted

  
 5 

 
by a failure of the Battery Solution to perform in accordance with any performance warranty(ies) provided by the manufacturer thereof (excluding any such failure of the Battery Solution that is
attributable to a Bloom Component Defect), except, in each case, to the extent caused or contributed to by Seller or its employees, agents, subcontractors and representatives. 

“Electrical Interconnection Facilities” means the equipment and facilities required to safely and reliably interconnect a
Facility to the transmission system of the Transmitting Utility, 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. 
 “Electronic Data Room” means the electronic dataroom known as “Project
Bloom PPA” established by the Seller and made available to the Investor. 
 “Energy” means three-phase, 60-cycle alternating current electric energy constituting the Actual kWh. 
 “Environmental
Law” means any Legal Requirement which pertains to health, safety, any Hazardous Material, or the environment (including but not limited to ground or air or water or noise pollution or contamination, and underground or above ground tanks)
and shall include without limitation, the Solid Waste Disposal Act, 42 U.S.C. § 6901 et seq.; the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. § 9601 et seq., as amended by the Superfund
Amendments and Reauthorization Act of 1986; the Hazardous Materials Transportation Act, 49 U.S.C. § 1801 et seq.; the Federal Water Pollution Control Act, 33 U.S.C. § 1251 et seq.; the Clean Air Act, 42 U.S.C. § 7401 et seq.; the
Toxic Substances Control Act, 15 U.S.C. § 2601 et seq.; the Safe Drinking Water Act, 42 U.S.C. § 300f et seq.; and any other state or federal environmental statutes, and all rules, regulations, orders and decrees now or hereafter
promulgated under any of the foregoing, as any of the foregoing now exist or may be changed or amended or come into effect in the future. 

“Environmental Requirements” means any Environmental Law, agreement or restriction (including but not limited to any
condition or requirement imposed by any insurance or surety company), as the same now exists or may be changed or amended or come into effect in the future, which pertains to health, safety, any Hazardous Material, or the environment. 

“EPC Services” is defined in Section 2.1. 

“Equinix” means the PPA Customer pursuant to the Equinix PPA. 

“Equinix PPA” has the meaning set forth in Annex D. 

“Extended Warranty Period” means, with respect to each Facility, the period commencing on the first (1st) anniversary of the
date such Facility achieves Commencement of Operations and ending on the twentieth (20th) anniversary of the date of Commencement of Operations of such Facility unless (a)(i) the applicable PPA has been renewed or extended beyond such twentieth
(20th) anniversary and (ii) Buyer and Seller have agreed on an appropriate amendment to this Agreement to provide for an extension of the term of the Extended Warranty Period for the applicable Facility(ies), in which case the Extended Warranty
Period shall end on the date on which such PPA expires or terminates. 

  
 6 

 “Facility” means, collectively, the Bloom Systems and the BOF at a particular
Site. For the avoidance of doubt, “Facility” includes, where applicable, any AOM(s), Battery Solution, Low Pressure Gas Booster(s) and/or UPM(s) installed in connection with the Bloom Systems at a particular 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 applicable Interconnection Agreement) and approved by the Transmitting Utility, which shall register all Energy produced by a Facility and delivered to the Interconnection Point. 

“Facility Services” is defined in Section 4.1. 

“Facility Purchase Conditions” means for a relevant Facility that the Facility has not been Placed in Service (including
specifically because the events described in clauses (2), (3) and (4) of the definition of Placed in Service have not occurred), but that (a) the events described in clause (1) of the definition of Placed in Service have occurred, and
(b) all of Seller’s obligations under Section 3.3(a)(ii) have been performed. 
 “Facility
Services Warranty” is defined in Section 5.1. 
 “Fair Market Value” means, with respect
to any Facility, the price at which such asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell, and both having reasonable knowledge of the relevant facts, and specifically with
respect to the Facility or any portion thereof, as determined consistently with Section 4.05 of Revenue Procedure 2007-65. 

“FedEx PPA” has the meaning set forth in Annex D. 

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

“Final Determination” means the earliest to occur of (1) the date on which a decision, judgment, decree or other order
has been issued by any court of competent jurisdiction, which decision, judgment, decree, or other order has become final (i.e., all allowable appeals requested by the parties to the action have been exhausted or the time for instituting an appeal
has expired or lapsed), (2) the date on which the Internal Revenue Service has reached a final administrative determination which, whether by law or agreement, is not subject to appeal, or (3) the date on which the time for instituting a claim,
appeal, contest, or challenge to any notice or action by the Internal Revenue Service has expired or lapsed. Notwithstanding anything to the contrary herein, no party shall be required to pursue any appeal or action if the party has determined in
good faith that such an appeal or action would not have a reasonable possibility of success, in which case any decision, decree, order, or administrative determination that is the subject of such opinion shall be deemed to be a Final Determination.

 “Force Majeure Event” means any event or circumstance that (a) prevents a Party from performing its obligations
under this Agreement; (b) was not reasonably foreseeable by such Party; 

  
 7 

 
(c) was not within the reasonable control of, or the result of the negligence of such Party or a breach of this Agreement by such Party; and (d) such Party is unable to reasonably mitigate,
avoid or cause to be avoided with the exercise of due diligence. “Force Majeure Event” may include, provided that the conditions in (a) through (d) in the foregoing sentence are met, inability of Buyer to obtain or maintain
market-based rate authority from FERC to operate any Facility (except to the extent such inability results from a Buyer-initiated change in Buyer’s business from that contemplated as of the Original PUMA Agreement Date and/or the assets or
operations of any entity considered by FERC to be affiliated with Buyer), a failure or interruption of performance due to an act of God, civil or military authority, war, civil disturbances, terrorist activities, fire, explosions, the external power
delivery system (a/k/a the grid) being out of the required specifications or totally failing (a/k/a brownout or blackout), or electric grid curtailment. Notwithstanding the foregoing, Force Majeure Event does not include the lack of economic
resources of a Party, Seller’s failure to design and construct the Facilities so as to meet the respective warranties hereunder, or the supply of natural gas from any source other than an Approved LDC or any act or omission by Seller, Seller
Affiliate, the Service Provider or a Seller or Seller Affiliate agent, representative or subcontractor at any tier that results in a termination of the Equinix PPA based on a breach of Section 7.1(h)(i) of the Equinix PPA. If an event or
circumstance gives rise to a Force Majeure Event as defined herein under this Agreement, but such event or circumstance does not also constitute a ‘Force Majeure Event’ as defined under the applicable PPA or Site License (depending on
which Facilities are affected), then for the purposes of any rights and obligations of the parties under this Agreement that relate to corresponding rights or obligations under such PPA or Site License such event or circumstance will not constitute
a Force Majeure Event under this Agreement. 
 “Fundamental Representation” means the representations provided in
Section 8.1(b), Section 8.1(h), Section 8.1(k) and Section 8.1(o). 

“GAAP” means United States generally accepted accounting principles consistently applied. 

“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. 

“Hazardous Material” means and includes those elements or compounds which are contained or regulated as a hazardous
substance, toxic pollutant, pesticide, air pollutant, or as defined in any Environmental Law, order or decree of any Governmental Authority for the protection of human health, water, safety or the environment or is otherwise included in the
definition of “Hazardous Materials,” “Hazardous Substance” or a similar term in a PPA or a Site License. 

  
 8 

 “Home Depot PPA” has the meaning set forth in Annex D. 

“Indemnifiable Loss” means any claim, demand, suit, loss, liability, damage (including any losses arising as a result of the
loss or recapture of any ITC), obligation, payment, fine, cost or expense (including the cost and expense of any investigation, 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 13.4. 
 “Indemnifying Party” is defined in Section 13.4. 

“Intellectual Property” shall mean any or all of the following and all rights therein, whether arising under the laws of the
United States or any other jurisdiction (i) all patents and patent applications (and all reissues, divisions, re-examinations, renewals, extensions, provisionals, continuations and continuations-in-part thereof), patent disclosures and inventions (whether patentable or not); (ii) all trade secrets, know-how and
confidential and proprietary information; (iii) all copyrights and copyrightable works (including computer programs) and registrations and applications therefor and any renewals, modifications and extensions thereof; (iv) all moral and economic
rights of authors and inventors, however denominated, throughout the world; (v) unregistered and registered design rights and any registrations and applications for registration thereof; (vi) trademarks, service marks, trade names, service
names, brand names, trade dress, logos, slogans, corporate names, trade styles, domain names and other source or business identifiers, whether registered or not, together with all applications therefor and all extensions and renewals thereof and all
goodwill associated therewith; (vii) semiconductor chip “mask” works, and registrations and applications for registration thereof, (viii) database rights; (ix) all other forms of intellectual property, including waivable or
assignable rights of publicity or moral rights; and (x) any similar, corresponding or equivalent rights to any of the foregoing anywhere in the world. 

“Interconnection Agreement” means an agreement between the PPA Customer (or Buyer (as required)) and the applicable
Transmitting Utility regarding interconnection of a Facility to the transmission or distribution system of such Transmitting Utility. 

“Interconnection Point” means, with respect to each Facility, the point at which title and risk of loss with respect to the
electricity produced by such Facility passes to the applicable PPA Customer. 
 “Investor” means Southern PowerSecure
Holdings, Inc. 
 “Invoice Due Date” means the date specified on a Payment Notice duly delivered by Seller to Buyer for the
Milestones achieved by certain Tranches and/or Facilities in a given calendar month. 
 “IP License” is defined in
Section 11.1. 
 “IRS” means the Internal Revenue Service. 

“ITC” means an investment tax credit pursuant to Code Sections 38(b)(1), 46 and 48(a). 

  
 9 

 “Knowledge” means (a) as to any Person other than a natural person, the
actual knowledge (including any knowledge which would reasonably have been obtained after due inquiry) of such Person and its managers, directors officers and employees who have responsibility for the transactions contemplated by this Agreement, and
(b) in respect of any Person who is a natural Person, the actual knowledge (including any knowledge which would reasonably have been obtained after due inquiry) of such Person. 

“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, order, treaty, code or regulation or any interpretation of any of the foregoing, as enacted, issued or promulgated by any Governmental Authority, NERC, any Person that NERC has delegated its authority to under the Federal Power Act or any
Person that operates an interstate electric transmission system, 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. 
 “Liens” means any lien,
security interest, mortgage, hypothecation, encumbrance or other restriction on title or property interest. 
 “Low-Pressure Gas Booster” means a component designed to increase the pressure of natural gas supplied to a Facility by the applicable local natural gas distribution company serving an applicable PPA
Customer at the applicable Site to the level required for the ordinary operation of such Facility. 
 “LREC Contract” means
that certain Standard Contract for the Purchase and Sale of Connecticut Class I Renewable Credits from Low or Zero Emission Projects, dated as of July 28, 2016, by and between the Buyer and the Connecticut Light and Power Company dba
Eversource Energy. 
 “Maintenance Specification Log” is defined in Section 6.1(a)(ii). 

“Major Service Provider” is defined in Section 4.6. 

“Managers” means Operations Manager and Buyer Manager. 

“Manufacturer’s Warranty Period” means, for each Facility, the period beginning on the date the applicable
Facility achieves the requirements of subsections (a), (c) and (d) of the definition of “Commencement of Operations” and ending on the first (1st) anniversary of the date of
Commencement of Operations of such Facility. 
 “Material Adverse Effect” means, for any Person or Facility, as applicable,
any change, effect or occurrence that, individually or in the aggregate, is or could reasonably be expected to be materially adverse to (a) the business, earnings, assets, results of operations, property or condition (financial or otherwise) of
such Person or Facility, as applicable, (b) the validity or enforceability 

  
 10 

 
of any Transaction Document, any applicable PPA, any applicable Site License or the transactions contemplated by this Agreement, or (c) any Person’s (including any PPA Customer’s)
ability to 
 perform its obligations under any Transaction Document, any applicable PPA, any applicable Site License (including any
material adverse effect on any customer that has, or could reasonably be expected to have, a material adverse impact on such customer’s ability to fully perform under any applicable PPA). 

“Maximum Aggregate Portfolio Purchase Price” means Four Hundred Fifty Million Dollars ($450,000,000). 

“Maximum Liability” means, with respect to each Party, One Million Dollars ($1,000,000). 

“Milestone(s)” means each of (i) the Deposit Milestone Requirements, (ii) Shipment, and (iii) Commencement of
Operations. 
 “Minimum Efficiency Level” means an Efficiency quotient of 45%. 

“Minimum kWh” means the product of (x) the number of hours in the applicable period minus the number of hours for
each Facility, as of the last day of the applicable period following Commencement of Operations with respect to the applicable Facility when the operation of such Facility (i) was subject to a Force Majeure Event, (ii) was not delivering
Energy, or was delivering Energy at a reduced level, because of a failure to perform by the applicable PPA Customer, except to the extent caused or contributed to by Seller or its employees, agents, subcontractors or representatives, (iii) was
required by a Legal Requirement (which for this purpose shall include any utility requirement) to be disconnected from the distribution or transmission facilities of the Transmitting Utility or otherwise required not to deliver Energy as the result
of a Legal Requirement or action by or a directive from the applicable Transmitting Utility with respect to the applicable Facility (e.g., due to a grid event), or (iv) was impacted by a failure of the Battery Solution to perform in accordance
with any performance warranty(ies) (excluding any such failure of the Battery Solution that is attributable to a Bloom Component Defect), except, in each case, to the extent caused or contributed to by Seller or its employees, agents, subcontractors
and representatives, and (y) the Minimum Power Product for the applicable period. 
 “Minimum Power Product” means
(1) when this term is used for the Performance Warranty, the aggregate System Capacity of the Bloom Systems in the Portfolio in kW for the applicable Calendar Quarter multiplied by eighty-six percent
(86%), and (2) when this term is used for the Performance Guaranty, the aggregate System Capacity of the Bloom Systems in the Portfolio in kW for the applicable calendar year multiplied by 95%. An example of a calculation of the Minimum Power
Product is set forth in Annex A. 
 “MIPA” is defined in the recitals. 

“Monthly Report” is defined in Section 6.1(a)(iv). 

“MW” means megawatt. 

  
 11 

 “Nameplate Capacity” means the maximum electrical output of a generator as rated
by the manufacturer determined at the normal operating conditions designated by the manufacturer. 
 “NERC” means the North
American Electric Reliability Corporation or any successor. 
 “Operations Manager” is defined in
Section 4.8(a). 
 “Original PUMA” is defined in the recitals. 

“Original PUMA Agreement Date” means October 24, 2016. 

“Party” and “Parties” have the meanings set forth in the preamble. 

“Payment Certificate” means Seller’s Deposit Milestone Certificate or Seller’s Certificate of Installation, as
applicable. 
 “Payment Notice” means a notice delivered from Seller to Buyer pursuant to
Section 2.4(c) in the form attached hereto as Exhibit D. 
 “Performance Guaranty” is
defined in Section 5.2. 
 “Performance Guaranty Payment Cap” means the product of (x) Seven
Hundred Twenty- Seven Dollars and Seventy-One Cents ($727.71) multiplied by (y) the System Capacity of all Bloom Systems in kW Purchased under this Agreement prior to the applicable date. 

“Performance Guaranty Payment Rate” means $[***] per kWh. 

“Performance Standards” is defined in Section 3.9. 

“Performance Warranty” is defined in Section 5.4(a). 

“Permits” means all Governmental Approvals that are necessary under applicable Legal Requirements or this Agreement 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 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. 

“Permitted Liens” means any (a) Liens that are released or otherwise terminated at or prior to the Delivery Date of the
encumbered assets; (b) obligations or duties to any Governmental Authority arising in the ordinary course of business (including under licenses and Permits held by Buyer and under all Legal Requirements); (c) obligations or duties under
easements, leases or other property rights; and (d) any other Liens agreed to in writing by Seller and Buyer. 

“Person” means any individual, partnership, limited liability company, joint venture, corporation, trust, unincorporated
organization, or governmental entity or any department or agency thereof. 

  

					
	[***] Confidential Treatment Requested	 	12	 	

 “Placed in Service” means, with respect to any Facility, the completion and
performance of all of the following activities: (1) obtaining the necessary licenses and Permits for the operation of such Facility and the sale of power generated by the Facility in accordance with clause (4) of 

this definition, (2) satisfactory completion of critical tests necessary for the proper operation of such Facility in accordance with
clause (4) of this definition, (3) synchronization of such Facility onto the electric distribution and transmission system of the applicable Transmitting Utility, and (4) the commencement of regular, continuous, daily operation of
such Facility. 
 “Placed in Service Date” means, with respect to a Facility, the date upon which such Facility is Placed
in Service. 
 “Portfolio” means, on an aggregate basis, all Bloom Systems owned by Buyer that are purchased pursuant to
this Agreement and that have been incorporated into Facilities which have been Placed in Service and which have not thereafter been removed from the Portfolio and/or repurchased by Seller pursuant to the terms of this Agreement. 

“Portfolio Warranty” is defined in Section 5.5(a). 

“PPA” means each power purchase, energy server use, or similar agreement entered into between Buyer and a PPA Customer listed
on Annex D hereto, as the same may be updated from time to time by the mutual agreement of the Parties. 
 “PPA
Customer” means each non-Buyer counter-party to a PPA. 
 “PPA
Documentation” means all written invoices, receipts, billing statements, payment notices, wire receipt and payment notifications, bank statements and other similar written evidence of (i) amounts payable by Buyer to any Person and
(ii) amounts received or receivable by Buyer from any Person. 
 “PPA Warranties” is defined in
Section 5.8(a). 
 “PPA Warranty Reimbursement Payment” is defined in
Section 5.8(a). 
 “Project Model” means the economic model to be delivered from Seller to Buyer
from time to time pursuant to Section 2.8. 
 “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 fuel cell electrical generation industry operating in the
United States and/or approved or recommended by the NERC 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 electrical generating facilities, including any applicable practices, methods, acts, guidelines, standards and criteria of FERC and all applicable Legal Requirements. 

“Purchase” is defined in Section 2.5. 

  
 13 

 “Purchase Date” is defined in Section 2.5. 

“Purchase Order” means Buyer’s purchase order for a Facility or Facilities to be purchased by Buyer in substantially the
form of Exhibit E. 
 “Purchase Price” means a price for the design, installation and purchase of each Facility or
Tranche, based on the aggregate System Capacity of the Bloom Systems comprising such Facility or Tranche, determined pursuant to Section 2.8. The Purchase Price for the period between the Original PUMA Agreement Date and
the first adjustment thereto pursuant to Section 2.8 shall be calculated at: 
 1) $[***]/kW as installed, if such
Facility will be eligible for the ITC as of the Placed in Service Date of such Facility (“ITC Eligible Purchase Price”); or 

2) $[***]/kW as installed, if such Facility will not be eligible for the ITC as of the Placed in Service Date of such Facility (“No
ITC Purchase Price”). 
 In each case plus any Taxes for the account of Buyer under Section 2.3(c) in
respect of such Facility; provided, however, that Taxes shall not be included in the calculation of the Purchase Price for invoices issued pursuant to Section 2.3(a)(i) or 

Section 2.3(a)(iii). 

“Purchase Price Adder(s)” means an addition to the Purchase Price for certain Facilities based on the additional equipment
included in such Facilities, calculated as follows: 
 1) For Facilities including AOM(s), $[***] for each AOM; 

2) For Facilities including a Battery Solution pursuant to the Home Depot PPA, $[***]/kWh based on the rated capacity of such Battery
Solution; 
 3) For Facilities including a Battery Solution pursuant to any PPA other than the Home Depot PPA, a price to be negotiated in
good faith between the Parties based on the rated capacity of such Battery Solution; 
 4) For Facilities including a Low-Pressure Gas Booster, $[***]/kW of the aggregate System Capacity of the Bloom Systems comprising such Facility; and 

5) For Facilities including UPM(s), $[***] for each UPM. 

“Qualified Appraiser” means a nationally recognized third-party appraiser reasonably acceptable to Buyer and Seller which
shall (i) be qualified to appraise power systems similar to the Bloom Systems, and experienced in such businesses in the general geographic region of the relevant Facility, and (ii) not be associated with either Buyer or Seller or any
Affiliate thereof. If the Parties cannot agree on a third-party appraiser within fifteen (15) days of a Party invoking the Appraisal Procedure, then Marshall & Stevens Incorporated shall act as the Qualified Appraiser. 

“Refund Value” means, with respect to any Facility (including Underperforming Facilities), the greater of (a) the Fair
Market Value of such Facility (as determined under the Appraisal Procedure if Buyer and Seller cannot agree as to that Fair Market Value within ten (10) 
  

  

					
	[***] Confidential Treatment Requested	 	14	 	

 
days)), and (b) 100% of the Purchase Price for such Facility until the first anniversary of Commencement of Operations of the applicable Facility, declining by 5.263% (i.e. 1/19th) on each
anniversary of such date thereafter (for example, on the fifth anniversary of Commencement of Operations, the Refund Value will be 78.95% of the Purchase Price), in each case as calculated as of the date that Seller becomes obligated to refund such
amount to Buyer. For clarity, the Refund Value includes one hundred percent (100%) of the Taxes, if any, which were paid by or on behalf of Buyer pursuant to Section 2.3(c) for such Facility or one hundred percent (100%) of any Taxes, if any,
which are required to be paid by or on behalf of Seller in connection with the return of such Facility. 

“Representatives” of a Party means such Party’s authorized representatives, including its professional and financial
advisors. 
 “SCADA” means the supervisory control and data acquisition systems. 

“Seller” is defined in the preamble. 

“Seller Default” is defined in Section 12.1. 

“Seller Deliverables” means, with respect to each Facility, the items listed in Exhibit C. 

“Seller Indemnitee” is defined in Section 13.2. 

“Seller’s Certificate of Installation” means a certificate, in the form attached hereto as Exhibit
H, issued by Seller to Buyer pursuant to paragraph (e) of the definition of Commencement of Operations. 

“Seller’s Deposit Milestone Certificate” means a certificate, in the form attached hereto as Exhibit
F, issued by Seller to Buyer pursuant to paragraph (c) of the definition of Deposit Milestone Requirements. 

“Seller’s Intellectual Property” is defined in Section 11.1. 

“Service Fees” is defined in Section 4.3(a). 

“Service Provider” means an operation and maintenance contractor appointed by Seller and approved by Buyer pursuant to
Section 4.6. 
 “Service Technicians” is defined in Section 4.2(d).

 “Shipment” means for each Bloom System, shipment of such Bloom System from Seller’s manufacturing facility to the
Site. 
 “Shipment Date” means for each Bloom System, the date of Shipment. 

“Site” means the parcel of land licensed from a PPA Customer to Buyer under a Site License and all easements appurtenant,
easements in gross, license agreements and other rights running in favor of Buyer which provide access to the applicable Facility. 

  
 15 

 “Site License” means each agreement between Buyer and a PPA Customer regarding
the license or similar contractual arrangement providing Buyer with the right of access to a Site for the purposes of performing Buyer’s obligations pursuant to the applicable PPA. 

“Site Preparation Services” means preparing each Site for installation of a Facility, obtaining the required Permits to
construct, operate and maintain the Facility, and providing for natural gas interconnection facilities, the Electrical Interconnection Facilities and any other ancillary facilities and equipment between the Bloom Systems and the applicable
Transmitting Utility and otherwise performing the tasks required to prepare each Site for the Facility at the Site to attain Commencement of Operations. 

“Software” shall mean all computer software that is necessary for Buyer to own and operate the Facilities in compliance with
the terms of this Agreement, the PPAs, and the Site Licenses. 
 “Software License” is defined in
Section 11.2(a). 
 “Southern Company” means The Southern Company (NYSE: SO). 

“Specifications” means the specifications for the Battery Solution and the Bloom Systems, as applicable, as set forth in
Exhibit A. 
 “System Capacity” means, with respect to a Bloom System, the “System Capacity” set
forth on the applicable specification sheet provided by the manufacturer of such Bloom System. The aggregate System Capacity of the Bloom Systems comprising each Facility shall be reflected in the Bill of Sale delivered by Seller to Buyer with
respect to such Facility. 
 “Tax” (and, with correlative meaning, “Taxes” and “Taxable”) means: 

(i) any taxes, customs, duties, charges, fees, levies, penalties or other assessments imposed by any federal, state, local or foreign taxing
authority, including, but not limited to, income, gross receipts, windfall profit, severance, property, production, sales, use, license, excise, franchise, net worth, employment, occupation, payroll, withholding, social security, alternative or add-on minimum, ad valorem, transfer, stamp, or environmental tax, or any other tax, custom, duty, fee, levy or other like assessment or charge of any kind whatsoever, together with any interest, penalty, addition
to tax, or additional amount attributable thereto; and 
 (ii) any liability for the payment of amounts with respect to payment of a type
described in clause (i), including as a result of being a member of an affiliated, consolidated, combined or unitary group, as a result of succeeding to such liability as a result of merger, conversion or asset transfer or as a result of any
obligation under any tax sharing arrangement or tax indemnity agreement. 
 “Term” means the period which (a) shall
commence on the Original PUMA Agreement Date and (b) shall, unless terminated earlier under ARTICLE XII 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 Facility subject to the Warranty Period. 

  
 16 

 “Third Party Claim” means any claim, action, or proceeding made or brought by
any Person who is not (a) a Party to this Agreement, or (b) an Affiliate of a Party to this Agreement. 
 “Third Party
Warranty” is defined in Section 3.7. 
 “Training Materials” is defined in
Section 4.7. 
 “Tranche” means an amount of Facilities, measured on the basis of the aggregate
System Capacity of the Bloom Systems comprising such Facilities (in kW), for which Seller is invoicing Buyer pursuant to Section 2.3(a)(i). 

“Tranche Notice” is defined in Section 2.2. 

“Transaction Documents” means this Agreement and the Payment Certificates. 

“Transmitting Utility” means, with respect to a Facility, the local electric utility company in whose territory the Facility
is located. 
 “Underperforming Facility” means any Facility that fails to deliver, in any Calendar Quarter during which
the Portfolio fails to satisfy the Performance Warranty, a number of kWh greater than or equal to the product of (x) such Facility’s aggregate System Capacity multiplied by eighty-six percent (86%),
and (y) the number of hours in such quarter minus the number of hours as of the last day of such quarter when such Facility (i) was subject to a Force Majeure Event, (ii) was not delivering Energy because of a failure to
perform by the applicable PPA Customer, except to the extent caused or contributed to by Seller or its employees, agents, subcontractors or representatives, (iii) was required by a Legal Requirement (which for this purpose shall include any
utility requirement) to be disconnected from the distribution or transmission facilities of the Transmitting Utility or otherwise required not to deliver Energy as the result of a Legal Requirement or action by or a directive from the applicable
Transmitting Utility with respect to the applicable Facility (e.g., due to a grid event), or (iv) was impacted by a failure of the Battery Solution to perform in accordance with any performance warranty(ies) (excluding any such failure of the
Battery Solution that is attributable to a Bloom Component Defect) provided by the manufacturer thereof, except to the extent caused or contributed to by Seller or its employees, agents, subcontractors and representatives. 

“UPM” means an uninterruptible power module, to be included in certain of the Facilities. 

“Warranty Period” means, for each Facility, the Manufacturer’s Warranty Period, as extended or renewed by Buyer pursuant
to Section 4.1(b), in which case the Warranty Period shall mean the specified end date of the Warranty Period as so extended or renewed, unless the applicable PPA expires or terminates prior to such date, in which case the
Warranty Period shall end on the date on which such PPA expires or terminates. For the avoidance of doubt, the Warranty Period shall in all events end, with respect to each Facility, at the expiration of the Extended Warranty Period. 

“Warranty Specifications” means the Performance Warranty, the Performance Guaranty and the Efficiency Warranty. 

  
 17 

 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 or instrument defined or referred to herein or in any
instrument or certificate delivered in connection herewith means (unless otherwise indicated herein) such agreement or instrument as from time to time amended, amended and restated, 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. 
 (f) References to any statute, code or statutory provision are to be construed as a reference to the
same as it exists as of the Original PUMA Agreement Date, Purchase Date or date a Party performed or was required to perform an obligation hereunder (as applicable), and include references to all bylaws, instruments, orders and regulations for the
time being made thereunder or deriving validity therefrom unless the context otherwise requires; provided, however, that, subject to Section 2.8, the determination of whether a Facility is ITC eligible shall be as of the Placed in Service Date.

 ARTICLE II 

PURCHASE AND SALE 

Section 2.1 Appointment of Seller as Buyer’s EPC Provider. Subject to Section 14.13,
Buyer hereby appoints Seller to act as Buyer’s provider of all design, engineering, procurement and construction services necessary in connection with the installation, connection, testing, start- up, delivery and commissioning operation of the
Facilities to be installed pursuant to each PPA and related Site License, and Seller hereby accepts such appointment and agrees to provide all such services, labor, materials, supplies, equipment, and tests for design, engineering, and construction
services provided by Seller, to or on Buyer’s behalf and on the terms and conditions set forth in this Agreement, each PPA and related Site License (collectively, “EPC Services”). For 

  
 18 

 
clarity, Seller’s entire consideration for performing all such required services with respect to a Facility through Commencement of Operations for such Facility shall be the Purchase Price
for such Facility, and Seller shall bear the financial risk regarding any cost overruns, claims from subcontractors or other liabilities. Following Commencement of Operations with respect to a Facility, Seller shall be entitled to Services Fees in
respect of Facility Services rendered with respect to such Facility as described in Section 4.3. 

Section 2.2 Purchase Orders. In connection with the Original PUMA Agreement Date and thereafter not later than ten
(10) Business Days prior the first date of each Calendar Quarter, Seller will provide to Buyer a tranche notice substantially in the form hereto attached as Exhibit G (each, a “Tranche Notice”), which shall contain the
aggregate System Capacity of the Facilities which are to be installed in connection with the applicable PPAs set forth in Annex D hereof that Seller expects will be included in a Tranche and that Seller reasonably expects will satisfy the
applicable Deposit Milestones in such Calendar Quarter. So long as no Seller Default has occurred and is continuing hereunder, Buyer will, within five (5) Business Days of such notice, submit to Seller a Purchase Order for such Facilities. So
long as no Buyer Default has occurred and is continuing hereunder, Seller shall promptly accept each such Purchase Order by countersigning and returning it to Buyer; provided that the failure of Seller to countersign or return to Buyer a
Purchase Order shall not invalidate such Purchase Order and Seller shall be obligated to deliver the Bloom Systems comprising such Facility under such Purchase Order as contemplated by this Agreement. Notwithstanding anything to the contrary set
forth in this Agreement, the Parties acknowledge and agree that, unless mutually agreed in writing by the Parties, in no event shall the aggregate Purchase Price (inclusive of any Purchase Price Adder(s)) for the Portfolio exceed the Maximum
Aggregate Portfolio Purchase Price. Accordingly, in furtherance and not in limitation of the foregoing, Seller shall not issue a Tranche Notice for, and Buyer shall have no obligation to issue a Purchase Order or otherwise pay any portion of the
Purchase Price in connection with, any Facility or Facilities which, upon Commencement of Operations with respect to such Facility or Facilities, would result (or be reasonably likely to result) in the aggregate Purchase Price (inclusive of any
Purchase Price Adder(s)) for the Portfolio exceeding the Maximum Aggregate Portfolio Purchase Price, unless mutually agreed in writing by the Parties. 

Section 2.3 Invoicing of Purchase Price. 

(a) Seller shall invoice Buyer hereunder as follows: 

(i) on the date that Seller has satisfied the Deposit Milestone Requirements for a Tranche, [***] per kW ($[***]/kW), calculated on the basis
of the System Capacity of the Bloom Systems comprising the Facilities included in such Tranche (and, for clarity, Seller shall not invoice any amount in respect of any Purchase Price Adder(s) applicable to such Facilities; 

(ii) on the Shipment Date for the last Bloom System(s) in each Facility, 

(1) In the event that such Facility was previously included in a 

Tranche for which Buyer has made payment, [***] per kW ($[***]/kW) for such Facility calculated based on the System Capacity of the Bloom
Systems comprising such Facility plus 100% of the Purchase Price Adder(s) applicable to such Facility, if any; and 

  

					
	[***] Confidential Treatment Requested	 	19	 	

 (2) In the event that such Facility was not previously included in a Tranche for
which Buyer has made payment, [***] per kW ($[***]/kW) for such Facility calculated based on the System Capacity of the Bloom Systems comprising such Facility plus one hundred percent (100%) of the Purchase Price Adder(s) applicable to such
Facility, if any; and 
 (iii) upon Commencement of Operations for each Facility, the remainder of the Purchase Price, if any, not
previously paid (calculated, and adjusted from time to time, in accordance with this Agreement), for such Facility, plus one hundred percent (100%) of the Taxes to be paid by Buyer pursuant to Section 2.3(c) for such
Facility. 
 (b) Each invoice issued pursuant to Section 2.3(a)(ii) and Section 2.3(a)(iii)
shall include the following information for each applicable Facility: 
 (i) Buyer’s Purchase Order number; 

(ii) the Tranche (indicated by the invoice date) in which such Facility is deemed to be included; 

(iii) the Site on which such Facility is installed or will be installed; 

(iv) the serial number and System Capacity of each Bloom System comprising such Facility, and purchase order number; 

(v) whether or not any AOM(s), Battery Solution, Low-Pressure Gas Booster(s) and/or UPM(s) are to be
installed in connection with such Facility; 
 (vi) the Purchase Price, including details of (x) all amounts previously paid towards
or credited against the Purchase Price, and (y) all amounts remaining due and payable on the Purchase Price; 
 (vii) the Shipment
Date or expected Shipment Date, as applicable; 
 (viii) the Purchase Date or expected Purchase Date, as applicable; and 

(ix) such other information as Buyer may reasonably request. 

(c) Buyer shall pay all state and local sales, use or other transfer Taxes required to be paid by Buyer and attributable to the transfer of
the Facility to Buyer, except that Seller shall be responsible for and pay any Taxes arising as a result of any components of such 

Facility or any Facility being acquired from a source outside of the United States. 

  

					
	[***] Confidential Treatment Requested	 	20	 	

 Section 2.4 Payment of Purchase Price. 

(a) Buyer shall pay all outstanding Purchase Price invoices on a monthly basis in accordance with the terms of this
Section 2.4. 
 (b) Not less than ten (10) Business Days prior to the Invoice Due Date for all invoices to be
paid by Buyer for the applicable calendar month, Seller shall deliver to Buyer: 
 (i) A draft Payment Notice, setting forth the
anticipated aggregate Purchase Price for all Tranches and/or Facilities to be paid in such month; and 
 (ii) Supporting documentation
(i.e., Seller’s Deposit Milestone Certificates, bills of lading and Seller’s Certificates of Installation) evidencing the achievement of all applicable Milestones achieved by the applicable Tranches and/or Facilities prior to the date of
such draft Payment Notice. 
 (c) Not less than three (3) Business Days prior to the applicable Invoice Due Date for all invoices to be
paid by Buyer for such calendar month, Seller shall deliver to Buyer: 
 (i) an executed Payment Notice, setting forth the actual aggregate
Purchase Price for all Tranches and/or Facilities to be paid by Buyer in such month, which amount shall in no event exceed the amount notified by Seller to Buyer in the applicable draft Payment Notice except to the extent of any adjustment to such
amount resulting from Section 2.8; 
 (ii) Supporting documentation (i.e., Seller’s Deposit Milestone
Certificates, bills of lading and Seller’s Certificates of Installation) evidencing the achievement of all applicable Milestones achieved as of such date for all Milestones achieved by the applicable Tranches and/or Facilities between the date
on which the draft Payment Notice was delivered and the date on which the executed Payment Notice was delivered. 
 (d) Buyer shall, on the
applicable Invoice Due Date indicated in the executed Payment Notice delivered by Seller pursuant to Section 2.4(c), make Purchase Price payments for each Tranche and/or Facility included in such Payment Notice for which
Seller has delivered all applicable documentation evidencing the satisfaction of the applicable Milestone(s). 
 (e) If Buyer defaults in
any payment when due for any Facility (other than with respect to amounts being disputed in good faith), Seller may, on not less than five (5) Business Days prior notice to Buyer, at its option and without prejudice to its other remedies,
(i) suspend performance of its obligations hereunder for such Facility, or defer delivery of such Facility to Buyer and (ii) require that (until all such outstanding payment defaults have been cured) the payment of the portion of the
Purchase Price for future Facilities required under Section 2.3(a)(ii) and Section 2.3(a)(iii) above be made immediately prior to the Shipment of the applicable Bloom Systems, but Seller shall not
be able to otherwise suspend performance of its obligations hereunder for other Facilities for which no such default exists. 
 (f) Seller
shall promptly pay all subcontractors working on the Facilities delivered and installed under this Agreement (including, for clarification, subcontractors working off-Site), and shall, at the time of each
payment made to any such subcontractor, obtain a partial or final lien waiver, as applicable, in a form approved by Buyer, and promptly provide Buyer with a copy of each such lien waiver. Seller shall discharge any Liens by such subcontractors
within 

  
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thirty (30) days of receiving notice thereof. Seller shall release all Liens in favor of Seller on each Facility upon final payment of the Purchase Price for such Facility. Upon the failure
of Seller to discharge a Lien required to be discharged under this Section 2.3, or else promptly to provide a bond in an amount and from a surety acceptable to Buyer to protect against such Lien, in each case, within thirty
(30) days after Seller is aware of the existence thereof, Buyer may, but shall not be obligated to, pay, discharge or obtain a bond or security for such Lien and, upon such payment, discharge or posting of security therefor, shall be entitled
immediately to recover from Seller the amount thereof, together with all reasonable and necessary expenses actually incurred by Buyer in connection with such payment or discharge, or to set off all such amounts against any amounts owed by Buyer to
Seller hereunder. After receipt of the portions of the Purchase Price for each Facility as provided in Section 2.3(a)(i) and Section 2.3(a)(ii), Seller will issue a statement of the balance of the
Purchase Price for such Facility, being the amount which, once paid to Seller, will cause Seller to release its lien on the Facility. Seller hereby agrees that third parties may rely on each such statement. 

(g) Notwithstanding the foregoing in this Section 2.3 or any other provision of this Agreement to the contrary, if
Buyer (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 Legal Requirements 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 Buyer’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 Buyer’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, then Seller shall have no obligation to deliver any Facility hereunder, or if Shipment for the Bloom Systems comprising a Facility has already occurred, Seller shall have the right to require immediate payment of any
amount due under Section 2.3(a)(ii) and the right to require that the final payment of the Purchase Price for such Facility be made promptly (but no earlier than Commencement of Operations of such Facility). 

(h) With respect to any payment due from one party to the other pursuant to this Agreement, unless being contested in good faith, interest
shall accrue daily at the lesser of a monthly rate of one and five-tenths percent (1.5%) or the highest rate permissible by law on the unpaid balance. 

Section 2.5 Purchase and Sale of Facilities. Upon the “Purchase Date” for a Facility, which date shall be the date on
which Delivery of all Bloom Systems comprising such Facility occurs and the Facility Purchase Conditions for the Facility are and remain true and correct, (i) Seller shall have sold, assigned, conveyed, transferred and delivered to Buyer, and
Buyer shall have purchased, assumed and acquired from Seller, all of Seller’s right, title and interest in and to such Facility, (ii) except as set forth in Section 3.3(b), the sale of such Facility shall occur,
and (iii) Seller shall provide Buyer with (a) a Bill of Sale evidencing the same, and (b) lien waivers from each subcontractor performing BOF Work at the applicable Site, stating that such subcontractor has been paid all amounts owed
to it as of the date of the lien waiver (the foregoing being “Purchase”). 

  

					
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 Section 2.6 PPA Termination and Re-Purchase of
Facilities. 
 (a) If a PPA is terminated with respect to one or more Facilities prior to the date such Facilities have achieved
Commencement of Operations, then (i) Seller shall repurchase the Facilities from Buyer on an AS IS basis by refunding to Buyer all payments of the Purchase Price paid as of such date, (ii) title to such Facilities, if held by Buyer, shall
pass back to Seller upon payment of such refund amount and Buyer’s delivery of a Bill of Sale to Seller evidencing such transfer of title, and (iii) the applicable Bloom Systems shall no longer constitute a portion of the Portfolio. If a
Facility is repurchased by Seller pursuant to this Section 2.4(a) and any portion of such Facility is located at the Site, Seller shall at its sole cost and expense remove the applicable Bloom Systems and any other
ancillary equipment (including the concrete pad and any other improvements to the applicable Site to the extent required under the applicable PPA or Site License) from the applicable Site, restoring the Site to its condition before the installation,
including closing all utility connections and properly sealing any Site penetrations, in the manner required by all Legal Requirements and the applicable PPA or Site License. 

(b) Subject to Section 12.7(c), in the event that (i) a PPA Customer terminates a PPA with respect to a
Facility prior to its expiration and (ii) the applicable PPA Customer pays Buyer the termination value due under the applicable PPA, then Buyer shall reimburse Seller for any costs or expenses incurred in connection with the removal of such
Facility. 
 Section 2.7 Purchase Price Adjustment for Changes in ITC Eligibility. 

(a) In the event that (i) any Facility(ies) is purchased by Buyer for the No-ITC Purchase Price,
and (ii) following the date of Buyer’s payment of the final portion of such No-ITC Purchase Price to Seller, such Facility(ies) become retroactively-eligible for the ITC, Seller shall, in addition to
the updates to the Base Case Model contemplated by Section 2.8(a), reflect such Facility’s ITC eligibility in the next Project Model delivered to Buyer pursuant to Section 2.8(a). 

(b) In the event that (i) any Facility(ies) is purchased by Buyer for the ITC Eligible Purchase Price, and (ii) following the date
of Buyer’s payment of the final portion of such ITC Eligible Purchase Price to Seller, such Facility is the subject of a Final Determination that the Facility is not eligible for the ITC as a result of any failure of Seller to perform or cause
to be performed any material obligation required to be performed by Seller under this Agreement or the failure of any representation and warranty set forth herein to be true and correct as and when made, Seller shall, in addition to the updates to
the Base Case Model contemplated by Section 2.8(a), reflect such Facility’s ITC ineligibility in the next Project Model delivered to Buyer pursuant to Section 2.8(a). 

Section 2.8 Purchase Price Adjustment for Portfolio Price Changes. 

(a) Not less than ten (10) Business Days prior to the end of each Calendar Quarter, Seller shall deliver to Buyer a revised Project
Model, reflecting the Base Case Model updated solely to reflect (i) with respect to each Facility that has achieved Commencement of Operations, (A) the dates on which Buyer paid each portion of the Purchase Price for such Facility

  
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and the amount of such payments, and (B) the date on which such Facility achieved Commencement of Operations, (ii) with respect to each Facility that Seller reasonably expects to
achieve Commencement of Operations following the delivery of such revised Project Model, (A) the dates on which Buyer has paid, or is expected to pay, each portion of the Purchase Price for such Facility and the amount of such payments, and
(B) the date on which Seller reasonably expects such Facility to achieve Commencement of Operations, (iii) the inclusion or deletion, as applicable, of any Facilities that have been added or deleted from the PPAs during such Calendar
Quarter, and (iv) any updates required by Section 2.7. 
 (b) Notwithstanding anything to the contrary set
forth in Section 2.8(a), 
 (i) For all Facilities that achieve Commencement of Operations beginning on the
Agreement Date and until the aggregate System Capacity of the Bloom Systems in the Portfolio equals 50 MW, in the event that the calculation performed pursuant to Section 2.8(a) would result in the Purchase Price for a Facility in excess
of [***] dollars per kW ($[***]/kW) for such Facility calculated based on the System Capacity of the Bloom Systems comprising such Facility, the Purchase Price for such Facility shall instead be [***] dollars per kW ($[***]/kW); and 

(ii) From and after such time as the aggregate System Capacity of the Bloom Systems in the Portfolio equals or exceeds 50 MW in the event
that the calculation performed pursuant to Section 2.8(a) would, if applied to all Facilities that are reasonably expected to achieve Commencement of Operations after such time (each, a “Post 50MW
Facility”), result (or be reasonably likely to result) in the aggregate Purchase Price (inclusive of any Purchase Price Adder(s)) for the Portfolio exceeding the Maximum Aggregate Portfolio Purchase Price, the Purchase Price for each such
Post 50MW Facility shall instead be that amount that would result in the aggregate Purchase Price (inclusive of any Purchase Price Adder(s)) for the Portfolio equaling the Maximum Aggregate Portfolio Purchase Price. 

(iii) For the avoidance of doubt and notwithstanding anything to the contrary set forth in this Section 2.8, in no
event shall any adjustment to the Purchase Price result (or be reasonably likely to result) in the aggregate Purchase Price (inclusive of any Purchase Price Adder(s)) for the Portfolio exceeding the Maximum Aggregate Portfolio Purchase Price, unless
mutually agreed in writing by the Parties. 
 (c) The Parties will mutually agree on an adjusted Purchase Price for the Facilities within
five (5) Business Days of Buyer’s receipt of the revised Project Model under Section 2.8(a), which, subject to any modifications under Section 2.8(b), shall be used as (i) the final
Purchase Price for all Tranches and Facilities invoiced and paid in the current Calendar Quarter, and (ii) the Purchase Price for purposes of all invoices delivered in the following Calendar Quarter (until the date of the next adjustment made
pursuant to this Section 2.8). Within five (5) Business Days of the Parties’ agreement on such adjusted Purchase Price, Buyer shall amend and reissue each invoice previously delivered by Seller to Buyer for the
current Calendar Quarter to reflect the Purchase Price determined pursuant to this Section 2.8(c). For the avoidance of doubt, no adjustments shall be made hereunder with respect to any payments from Buyer to Seller made in
any Calendar Quarter prior to the current Calendar Quarter. Without in any way limiting the provisions of Section 9.1(g), Seller makes no representation, warranty or guaranty regarding Buyer’s expected rate of return as a result of the
purchase of the Facilities hereunder. 

  

					
	[***] Confidential Treatment Requested	 	24	 	

 (d) Following the reissuance of invoices as described in
Section 2.8(c), if Buyer has made any over- or under-payments in respect of such invoices, Seller shall apply such over- payments as a credit against, or addition to, the amount owed by Buyer with respect to the invoices to
be paid on the final Invoice Due Date of the current Calendar Quarter; provided, however, that if such adjustment results in Buyer owing no payments to Seller with respect to such invoices but fails to fully compensate Buyer for prior over-payments,
Seller shall remit the remaining balance of any over-payments to Buyer within thirty (30) days following the applicable Invoice Due Date. 

ARTICLE III 
 DELIVERY
AND INSTALLATION OF BLOOM SYSTEMS AND BALANCE OF 
 FACILITIES 

Section 3.1 Access to Site. Seller shall be responsible for ascertainment of the suitability of the Sites, the environment around
the Sites, the Sites’ soil condition and other ground conditions for construction of the Facilities. As between Seller and Buyer, Seller shall be solely responsible for all Site Preparation Services at Seller’s cost. Buyer shall provide
Seller with access to the Sites in a manner consistent with the applicable PPAs and Site Licenses to permit Seller to deliver and install each Bloom System and the BOF to the applicable Sites and to connect the applicable Facility to the
distribution and transmission facilities of the Transmitting Utility, as applicable. If a PPA Customer requires a change in the location of a Site from that specified in a Purchase Order or applicable Site License, whether temporary or permanent,
(a) Buyer shall submit a written notice to Seller setting forth the details of such location change, (b) Seller shall administer and perform the Site Preparation Services as required for that changed location to the extent required and in
accordance with the relevant PPA and Site License, and (c) to the extent that such PPA Customer pays to Buyer an amount under the applicable PPA or Site License in connection with such required change in the installation location of a Site,
Buyer shall pay the same to Seller promptly upon receipt from such PPA Customer, except that Buyer shall retain the portion of such amount equaling any applicable amount to compensate Buyer for lost output, environmental attributes, and
environmental incentives during the period the Facility is consequently not producing electricity. 
 Section 3.2 Delivery of Bloom
Systems. 
 (a) Delivery of each Bloom System shall be DDP (Incoterms 2010) to its Site, in accordance with the Uniform Commercial Code
then in effect. Title to each Bloom System shall pass to Buyer upon Buyer’s Purchase of such Bloom System, and such title shall be good and marketable and free of all Liens, except for Permitted Liens. From and after Buyer’s Purchase of
each Bloom System all risk of loss or damage to such Bloom System shall be borne by Buyer. Seller shall manage its supply chain and place orders with suppliers with respect to Components and other materials, supplies, and equipment so as to support
the Facilities sold to Buyer hereunder. 

  
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 Section 3.3 Delivery of Balance of Facility; Installation of Bloom Systems. 

(a) Seller shall be responsible for engineering, procuring, constructing, installing and commissioning the BOF, and Seller shall cause each
Facility to achieve Commencement of Operations without any compensation or reimbursement by Buyer, other than the Purchase Price under this Agreement and payments pursuant to Section 3.1(c), if any, in accordance with the
following (collectively, the “BOF Work”): 
 (i) Seller shall be solely responsible for the means, methods, techniques,
sequences, and procedures employed for execution and completion of the BOF Work, and shall perform and complete all BOF Work in accordance and consistent with the Performance Standards; 

(ii) Seller shall cause to be performed any and all studies, reports and applications (in the name of Buyer) that are necessary for
interconnection to the distribution and transmission facilities of the Transmitting Utility; 
 (iii) Seller shall perform the BOF Work and
act at all times as an independent contractor. Seller shall at all times maintain such supervision, direction and control over its employees, agents, subcontractors and representatives as is consistent with and necessary to preserve its independent
contractor status. Subject to Section 4.6, Seller is permitted to enter into contracts or otherwise hire one or more subcontractors to perform any of Seller’s work under this Agreement on its behalf. Each subcontractor must be a
reputable, qualified firm with an established record of successful performance in its trade, and shall obtain and maintain such insurance coverages having such terms as set forth in Annex B. Seller shall not be relieved from its obligation to
provide any services hereunder if a subcontractor agrees to provide any or all of such services. No subcontractor is intended to be or will be deemed a third-party beneficiary of this Agreement. Nothing contained herein shall create any contractual
relationship between any subcontractor and Buyer or obligate Buyer to pay or cause the payment of any amounts to any subcontractor, including any payment due to any third party. Seller shall not permit any subcontractor to assert any Lien against
any Facility or Bloom System, or attach any Lien other than a Permitted Lien. None of Seller’s employees, subcontractors or any such subcontractor’s employees will be or will be considered to be employees of Buyer. Seller shall be fully
responsible to Buyer for the acts and omissions of each such employee or subcontractor. To the extent that any PPA Customer has the right to request removal of any Seller or subcontractor personnel under a PPA or Site License, Seller shall cooperate
with Buyer in complying with the terms and conditions of such PPA or Site License including by, upon written notification by Buyer that the performance, conduct or behavior of any Person employed by Seller or one of its subcontractors is
unacceptable to the applicable PPA Customer, promptly stopping such Person from performing any obligations hereunder and/or removing such Person from the applicable Site. Additionally, Buyer may bring to Seller’s attention any concerns
regarding the performance, conduct or behavior ofany Person employed by Seller or one of its subcontractors, which concerns Seller shall consider in good faith and thereafter take such action as Seller deems appropriate under the circumstances.
Seller will be fully responsible for the payment of all wages, salaries, benefits and other compensation to its employees and for payment of any Taxes due because of the BOF Work; 

(iv) Seller shall, and shall cause each of its subcontractors to, install the Bloom Systems and the BOF at each Site using items that are
new, and undamaged at the time of such use or installation; 

  
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 (v) Seller shall install, test, and cause the Commencement of Operations with respect to each
Facility within ninety (90) days of the date of Seller’s Deposit Milestone Certificate as provided in Section 3.4; 

(vi) Seller shall pay all amounts owed to its subcontractors and vendors in connection with the performance of the BOF Work on a timely basis
and shall hold Buyer harmless against any claims asserted by such subcontractors and vendors; 
 (vii) Seller shall obtain and maintain, or
cause to be obtained and maintained (where required, in the name of Buyer or each PPA Customer, as the case may be), all Permits necessary to design, install, commission, construct, occupy, and operate each Facility at each Site; 

(viii) Seller shall cause BOF Work to be completed in a good and workmanlike manner, free from defective materials, and in accordance with
the Performance Standards, free and clear of all Liens other than Permitted Liens; and 
 (ix) If Seller, at any time during the Warranty
Term, becomes aware of any potential material manufacturing or design defect in any Facility, including any Component thereof, it will notify Buyer of the defect within a reasonable time, not to exceed five (5) Business Days after Seller first
becomes aware of such defect. 
 (b) Title and risk of loss to each component of such BOF Work for the Site which is not performed and
provided on assets owned by a relevant PPA Customer or relevant Transmitting Utility shall pass to Buyer upon the later of the Delivery Date of the first Bloom System at the Site and the date such component is installed as part of the Facility at
the Site. For the avoidance of doubt, the passage of title and risk of loss with respect to each Facility shall have passed to Buyer prior to such Facility being Placed in Service. From and after the Commencement of Operations of the Facility of
which particular BOF Work is a part, all risk of loss or damage to such BOF Work which is owned by Buyer shall be borne by Buyer. 
 (c)
Without in any way limiting Seller’s obligations pursuant to this Section 3.3, Seller shall perform all design, permitting and installation work in accordance with the provisions of Schedule 3.3 attached hereto.

 Section 3.4 Commissioning; Commencement of Operations. 

(a) Upon the occurrence of the Delivery for a Bloom System, Seller shall promptly perform the following, at Seller’s sole cost: 

(i) Seller shall provide installation, inspection, commissioning and start-up for each Bloom System
and the BOF at the applicable Site in accordance with the installation manuals provided for such Bloom System and the applicable Site License, and in conformance with Prudent Electrical Practices. Without limitation of the foregoing, each Facility
will be connected by Seller to the natural gas source, water source and SCADA at the applicable Site and to the applicable Facility’s Electrical Interconnection Facilities; 

  
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 (ii) Prior to Commencement of Operations of each Facility, Seller shall, perform an acceptance
test not less stringent than the testing applied to its fuel cell power generating systems for any other major customer of Seller of each Bloom System incorporated into such Facility and the applicable BOF in the presence of Buyer (if Buyer elects
to attend), and such Bloom Systems and applicable BOF shall have passed such test. Seller will, upon request by Buyer, inform Buyer of the date on which it expects to conduct the acceptance test of any Facility(ies) and cooperate with Buyer to
provide Buyer with the opportunity to observe such testing to the extent practicable, provided, that in no event shall Seller be required to delay the performance of any acceptance test in order to allow Buyer to witness such test if all
other pre- testing requirements have been satisfied; 
 (iii) Seller shall cause Commencement of
Operations for such Facility to occur within ninety (90) days of the date of Seller’s Deposit Milestone Certificate. Seller shall promptly certify in writing to Buyer when each Facility achieves Commencement of Operations; 

(iv) Seller will provide to Buyer, prior to the Commencement of Operations, a single line diagram of the Facility installation, electronic
system manuals, copies of all relevant design documents, and printed system manuals, in each case relating to such Facility (each in paper copy and native electronic format). Seller shall deliver to Buyer any other documentation necessary to
establish placement in service for purposes of section 48 of the Code; 
 (v) Until Commencement of Operations of the Facility, Seller
shall be responsible for providing physical security of such Facility; 
 (vi) If requested by Buyer, Seller shall provide operator
training and associated training materials to personnel and representatives of Buyer sufficient to instruct Buyer on operation of such Facility in conformance with Prudent Electrical Practices; and 

(vii) Following Commencement of Operations of a Facility, Seller shall promptly remove all waste materials and rubbish from and around the
Site as well as all of its tools, construction equipment, machinery, and surplus materials as reasonably necessary to restore each Site to a condition reasonably satisfactory to such PPA Customer or as otherwise required by the applicable Site
License. 
 (b) Seller’s services under Section 3.1 through Section 3.4 shall be
fully comprehensive of all services, labor, and equipment necessary to complete installation of a fully commissioned and operating Facility in accordance with this Agreement, the applicable PPA, the applicable Interconnection Agreement, and the
applicable Site License. 
 (c) Seller shall be responsible, at its sole cost and expense, for maintaining and complying with all Permits
required to perform its services under this Agreement and Buyer agrees to cooperate with and assist Seller in obtaining such Permits. 
 (d)
To the extent any Facility has not achieved Commencement of Operations within the earlier of (i) one hundred eighty (180) days of the payment of the portion of Purchase Price set forth in Section 2.3(a)(ii) for
such Facility and (ii) the Commencement of Operations Date Deadline, then Buyer shall have the ongoing right for the period from the end of that date until the earlier of (x) the date that such Facility has achieved Commencement of
Operations and 

  
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(y) ninety (90) days after such date, to elect that Seller repurchase and remove such Facility from the applicable Site, in which case (A) Seller shall repurchase the Facility from
Buyer on an AS IS basis by refunding to Buyer all payments of the Purchase Price paid as of such date, (B) title to such Facilities shall pass back to Seller upon payment of such refund amount and Buyer’s delivery of a Bill of Sale to
Seller evidencing such transfer of title, and (C) the applicable Facility shall no longer constitute a portion of the Portfolio. If a Facility is repurchased by Seller pursuant to this Section 3.4(d), Seller shall at its sole cost
and expense remove the applicable Bloom Systems and any other ancillary equipment (including the concrete pad and any other improvements to the applicable Site to the extent required under the applicable PPA or Site License) from the applicable
Site, restoring the Site to its condition before the installation, including closing all utility connections and properly sealing all Site penetrations, in the manner required by all Legal Requirements and the applicable PPA or Site License. 

(e) Without in any way limiting Seller’s obligations pursuant to this Section 3.4, Seller shall perform all
commissioning work in accordance with the provisions of Schedule 3.4 attached hereto. 
 (f) Within ninety (90) days of a
Facility achieving Commencement of Operations, Seller shall deliver to Buyer each of the Seller Deliverables indicated on Exhibit C as items to be delivered following Commencement of Operations. 

Section 3.5 Insurance. Seller shall maintain the insurance described in Annex B with respect to each Facility until the end
of the Warranty Period with respect to such Facility. 
 Section 3.6 Disposal; Right of First Refusal. 

(a) Except as set forth in Section 14.4, in the event that Buyer decides to scrap, abandon or otherwise dispose of
any Bloom System, Buyer shall notify Seller and Seller shall have the right but not the obligation to obtain title to the Bloom System and remove the Bloom System at Seller’s cost; provided, however, that Seller will not be
responsible for remediation of the Site in which the Bloom System was located. 
 (b) Except as set forth in
Section 2.4 or Section 14.4, in the event that Buyer or its Affiliates desire to sell or otherwise transfer title to any Bloom System to a transferee other than a PPA Customer or an Affiliate of
Buyer, Buyer shall notify Seller and Seller shall have the right of first refusal to purchase or acquire the Bloom System on the same terms and conditions of such sale. In the event that Seller exercises such right of first refusal, Seller shall,
promptly following payment of the purchase price of such Bloom System, remove the Bloom System at Seller’s cost, including the remediation of the Site in which the Bloom System was located in accordance with the terms of the applicable PPA
and/or Site License. 
 Section 3.7 Third Party Warranties. If any express or implied warranties, indemnities, guaranties,
remedies, covenants and other rights which any subcontractor or supplier has made to Supplier with respect to any good, service, or other deliverable furnished under this Agreement in respect of a Facility (each a “Third Party
Warranty”) would provide an additional rights to Buyer beyond the warranties under ARTICLE V, then (a) such Third Party Warranty providing additional rights will be for the benefit of and passed through to Buyer to the fullest
extent possible, 

  
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(b) Supplier transfers and assigns to Buyer all of Supplier’s right, title and interest under such Third Party Warranty to exercise such additional rights, and (c) Supplier hereby
appoints Buyer as attorney-in-fact coupled with an interest to exercise and enforce all such additional rights in the name of either Buyer or Supplier. Nothing in this
Section 3.7 will limit Supplier’s obligations to Buyer under ARTICLE V. Buyer agrees that it will not look to Seller for any claims covered by Third Party Warranties in respect of the Battery Solution; provided,
however, that this shall not relieve Seller of any liability or obligation of Seller arising in connection with any failure of the Battery Solution that is attributable to a Bloom Component Defect. 

Section 3.8 Access; Cooperation. Seller shall provide to Buyer such other information that is in the possession of Seller or its
Affiliates or is reasonably available to Seller regarding the permitting, engineering, construction, or operations of Seller, its subcontractors or the Facilities, and other data concerning Seller, its subcontractors or the Facilities that Buyer
may, from time to time, reasonably request in writing, subject to Seller’s obligations of confidentiality to third parties with respect to such information. Seller shall not take any action or omit to take any action as would cause Buyer in any
material respect to violate any Legal Requirements, and to the extent that Seller has knowledge of any such existing or prospective violation take, or cause to be taken, commercially reasonable actions, to redress or mitigate any such violation,
which action shall be at Seller’s sole expense if Seller is obligated to perform such action as part of the EPC Services or Facility Services, and otherwise shall be at Buyer’s sole expense. Seller shall give to Buyer prompt written notice
of any material disputes with Governmental Authorities. Seller shall furnish, or cause to be furnished, to Buyer copies of all material documents furnished to Seller by any Governmental Authority in respect of Buyer or any Facility. 

Section 3.9 Performance Standards. For the purpose of this Agreement, Seller shall perform under this Agreement in accordance and
consistent with each of the following (unless the context requires otherwise): (A) plans and specifications subject to Permits under Legal Requirements and 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) any applicable provisions of the Site
Licenses, including any landlord rules and regulations; (G) Prudent Electrical Practices; (H) the relevant provisions of each Interconnection Agreement; (I) each PPA; (J) the Seller Corporate Safety Plan provided in Exhibit J
(as updated by Seller from time to time, with a copy provided promptly to Buyer); (K) the Seller Subcontractor Quality Plan provided in Exhibit K (as updated by Seller from time to time, with a copy provided promptly to Buyer); (L) all
Environmental Requirements, and (M) the LREC Contract (collectively, the “Performance Standards”); provided, however, that meeting the Performance Standards shall not relieve Seller of its other obligations under
this Agreement. 

  
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 ARTICLE IV 

FACILITY SERVICES 

Section 4.1 In General. 

(a) During the Warranty Period, in consideration of the Service Fees, Seller shall service each Facility constituting a portion of the
Portfolio 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 ARTICLE V. Without limiting the
foregoing, Seller agrees to perform on behalf of Buyer all operations and maintenance obligations in respect of each Facility under the applicable PPA and Site License in a manner fully consistent with the terms and conditions of such documents. The
services set forth in this Section 4.1, as more fully described in this ARTICLE IV, are collectively referred to herein as the “Facility Services.” For clarity, Seller shall have no authority or
responsibility with respect to the payment or receipt of monies to or from PPA Customers or with respect to serving or receiving formal notices to or from PPA Customers; provided, however, that Seller may informally communicate with PPA Customers
regarding routine, day-to-day Facility Services matters. For so long as Seller is performing Facility Services in respect of a Facility, the Parties intend that Seller
shall be responsible for all operational activities in respect of such Facility, including the performance of all obligations to PPA Customers that are required to be performed physically at the Site. If a Party has any uncertainty regarding which
Party is responsible for particular obligations to PPA Customers, the Party’s Manager shall discuss such matter with the other Party’s Manager to implement the allocation of responsibility intended by this Agreement and the Parties
thereafter shall, if necessary, amend this Agreement to clarify the Parties’ agreement regarding such allocation of responsibility. 

(b) Until the expiration of the Extended Warranty Term, upon the expiration of the Warranty Period with respect to any Facility(ies) Buyer
may, at its option, elect to renew the Warranty Period with respect to such Facility(ies) for a period of one (1) additional year. The Warranty Period for each Facility shall be automatically renewed for a period of one (1) additional year
at the termination of the existing Warranty Period if Buyer has not informed Seller in writing of its election to terminate the Warranty Period at the end of such existing Warranty Period at least thirty (30) days prior to the final date of
such existing Warranty Period. Notwithstanding anything to the contrary set forth in the foregoing, in the event that the “Term” of the Equinix PPA with respect to any Facility(ies) is extended pursuant to
Section 4.7(c) thereof, then, upon the expiration of the fifteenth (15th) year of the Warranty Period, Buyer may elect to extend the Warranty Period for such Facility(ies) for a period equal to such extended
“Term” instead of electing a one-year renewal. 
 Section 4.2 Operation and
Maintenance Services. Without limiting, and in furtherance of, Section 4.1, Seller 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 Buyer, to operate safely and reliably each Facility and to maintain during the Warranty Period in accordance with the terms of this Agreement each such Facility in good condition and repair in accordance with
the Warranty Specifications, Performance Standards and Prudent Electrical Practices. During the Warranty Period, the specific responsibilities of Seller under this Agreement shall include the following: 

  
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 (a) Facility Operations. Seller shall ensure that all Facility components are operated and
maintained safely and in a manner designed to meet the Warranty Specifications and Performance Standards and as otherwise required under this Agreement. 

(b) Facility Maintenance. Seller shall perform, or cause to be performed, all scheduled and unscheduled maintenance required on the
Facilities in order to meet the Warranty Specifications and Performance Standards. In that regard, Seller’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) subject to Section 5.7(b), repairing or replacing Bloom System or BOF components which are defective, damaged, worn or otherwise in
need of repair or replacement. Seller agrees to respond in a timely manner to any Facility outage or other casualty that materially reduces power output or materially impairs the capability of the Battery Solution to load shift, peak shave or run
(with the Bloom System) in islanded mode, by (A) promptly diagnosing the source of such issue and, (B) if on-Site Facility Services are required, using its best efforts to (1) dispatch field
service personnel to the Site within six (6) hours of Seller’s Knowledge that such on-Site Facility Services are required, and (2) cause its field service personnel to arrive at the applicable
Site in order to commence repair services at the applicable Facility no later than the next Business Day. Without in any way limiting the foregoing, Seller shall in any event comply with any and all response time(s) and/or corrective activity(ies)
required by the applicable PPA(s). 
 (c) Repair and Replacement of Power Modules. Buyer agrees that Seller may replace the power
modules included in each Facility with power modules of a different model provided that such replacement model has been subjected to inspections and tests performed by Seller which indicate that such replacement power module model is reasonably
expected to perform at least as well as the model it replaces; provided, however, that, upon Buyer’s request, Seller agrees to promptly provide Buyer with copies of such inspection and test results. Notwithstanding the foregoing, Seller
represents to Buyer that it reasonably expects that any repair or replacement of power modules to be made within five (5) years of the date the applicable Facility was Placed in Service will have an aggregate value of replaced parts that is
less than eighty percent (80%) of the Facility’s total value (the cost of the new parts plus the value of the remaining Facility originally Placed in Service). 

(d) Personnel. Seller shall ensure that all operations and maintenance functions contemplated by this Section are performed by
technically competent and qualified personnel (the “Service Technicians”). Seller 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 to the extent Seller deems necessary, in its reasonable judgment. 

(e) Spare Parts. Seller shall establish and maintain an adequate inventory of spare Components in one or more locations to facilitate
scheduled and unscheduled maintenance required on the Facilities. 
 (f) Programs and Procedures. Prior to the date of the
Commencement of Operations of the first Facility, Seller shall have adopted and implemented programs and procedures, consistent with Prudent Electrical Practices, intended to ensure safe and reliable

  
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operation of the Facilities. Seller may update such programs and procedures from time-to-time during the Term as it
may determine appropriate, in its reasonable judgment and in accordance with Prudent Electrical Practices. Buyer may, not more than once per calendar year and at Buyer’s sole cost and expense, review such programs and procedures from time to
time to confirm compliance with Prudent Electrical Practices. Buyer may from time to time provide comments on any such Seller programs and procedures and Seller agrees to consider any such comments in good faith; provided that Buyer’s review
and comment on any such program or procedure will not relieve Seller of any of its obligations under this Agreement. 
 (g) PPA Customer
Complaints. Seller will promptly provide notice to Buyer if Seller has received any written communication from any PPA Customer suggesting that such PPA Customer is dissatisfied with the operational performance of any Facility or with the manner
in which EPC Services or Facility Services have been provided by Buyer, Seller or any other Service Provider in respect of any Facility. If any PPA Customer misdirects any written notice to Seller that should have been delivered to Buyer under the
applicable PPA or Site License, Seller shall promptly deliver such written notice to Buyer. 
 (h) PPA Customer Invoicing and
Reports. Until such time as Buyer is able to receive such data directly from the Facilities, Seller will promptly, and in any case within three (3) Business Days following request by Buyer, provide any operational data and other PPA
Documentation necessary for Buyer to invoice any PPA Customer for the output of any Facility or any other amounts payable by the PPA Customer to Buyer under the applicable PPA. Seller will provide reasonable assistance to Buyer in the performance of
all ordinary course reporting and other routine management responsibilities related to the operation of any Facility (including preparing or causing to be prepared reports, updated schedules and notices required to be prepared and delivered to a PPA
Customer pursuant to a PPA). 
 (i) Operations and Maintenance Procedures. Without in any way limiting Seller’s obligations
pursuant to this Section 4.2, Seller shall perform all operations and maintenance work in accordance with the provisions of Schedule 4.2 attached hereto. 

(j) LREC Contract Administration. Seller will, (i) prepare and submit any and all filings, notices, communications or other
documents that are required under the LREC Contract documents on behalf of Buyer, (ii) prepare and promptly pay on behalf of Buyer (and at no cost to Buyer), any amounts required to be paid by Buyer under the LREC Contract, and
(iii) otherwise perform all routine administrative activities required of Buyer under the LREC Contract. Buyer agrees to cooperate with Seller as requested from
time-to-time in connection with Seller’s obligations pursuant to this Section 4.2(j) (at Seller’s sole cost and expense) including
promptly executing any documents required under the LREC Contract that must, by their nature, be executed by Buyer; provided, however, that Seller will be responsible for any liability resulting from such cooperation by Buyer. 

(k) Equinix PPA Compliance. Seller will immediately provide notice to Buyer in the event that Seller knows or has reason to believe
that a Compliance Law Violation (as defined in the Equinix PPA) or a breach of any of the representations, warranties or covenants in Section 7.1(h)(i) of the Equinix PPA has occurred or will occur in connection with any act or omission by
Seller, Seller Affiliate, the Service Provider or a Seller or Seller Affiliate agent, representative or subcontractor at any tier. 

  
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 Section 4.3 Service Fees. 

(a) Buyer shall compensate Seller for the Facility Services, on a calendar month basis, by paying Seller the “Service Fees”
equal, for each Facility, to (i) (A) the rate (in $/kW) specified in Exhibit M hereto for such Facility for the applicable calendar month since the applicable Facility achieved Commencement of Operations, multiplied by (B) the
aggregate System Capacity (in kW) of the Bloom Systems comprising the applicable Facility, for the applicable calendar month, plus (ii) any additional Services Fees for such Facility set forth on Exhibit M hereto based on the presence of
a Low-Pressure Gas Booster in such Facility. If Facility Services are provided by Buyer for a particular Facility for only a portion of any calendar month, the Service Fees due with respect to such partial
calendar month shall be pro-rated based on the number of days such Facility Services were provided in respect of such Facility during the calendar month. 

(b) Commencing on the date each Facility achieves Commencement of Operations, with respect to each calendar month of such Facility’s
Warranty Period, the Service Fees shall be invoiced on a separate invoice (and not pursuant to a Payment Notice) not later than five (5) Business Days prior to the first day of such calendar month, and, subject to
Section 3.4(d) and Section 5.4, shall be payable no later than the thirty (30) calendar days following such proper delivery of such invoice; provided, that the pro rata Services
Fees for the calendar month in which a Facility achieves Commencement of Operations shall be invoiced and paid with the Services Fees for the subsequent calendar month. Interest shall accrue, unless being contested in good faith, daily on the
Service Fees not paid when due, at the lesser of the monthly rate of (i) one and five- tenths percent (1.5%) and (ii) the highest rate permissible by law on such unpaid balance. Seller shall be under no obligation to provide or perform
services hereunder for any Facility whose Service Fee, other than a Service Fee disputed in good faith, has not been paid in full (or offset pursuant to Section 3.4(d), Section 5.7 or
Section 5.8) within thirty (30) days of invoice until such date upon which the Service Fee has been paid. 

(c) If Buyer disputes any amount shown in an invoice issued by Seller in accordance with Section 4.3(a): (i) Buyer
must pay the undisputed portion of the invoice amount within the time prescribed by Section 4.3(a), and (ii) liability for the disputed portion of that invoice will be determined in accordance with the dispute
resolution procedure set out in Section 14.5. 
 (d) Any disputed portion of an invoiced amount
which was not paid under Section 4.3(c) and is determined as being due to Seller in accordance with the dispute resolution procedure set out in Section 14.5 must be paid by Buyer within ten (10) days of the
determination of the dispute in accordance with the procedure set out in Section 14.5 plus, if it is determined in accordance with the dispute resolution procedures that the disputed portion was not disputed in good faith,
interest calculated in accordance with Section 4.3(b). 
 (e) Each Party shall have the sole and absolute right to
set off any undisputed amounts to which it is entitled to under this Agreement, including under Section 3.4(d), Section 5.7  

  
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or Section 5.8, against any amounts owed by such Party to the other Party under this Agreement. The deduction of any such amounts shall operate for all purposes as a complete discharge (to
the extent of such deduction) of the obligation of such Party to pay the amount from which such deduction was withheld and made. Neither the exercise of, nor the failure to exercise, such right of setoff will constitute an election of remedies or
limit the applicable Party in any manner in the enforcement of any other remedies that may be available to it. 
 (f) Buyer will, promptly
following receipt thereof, remit to Seller any and all payments received pursuant to the LREC Contract. 
 Section 4.4 Remote
Monitoring; BloomConnect. 
 (a) For purposes of monitoring the operational performance and determining when repair services are
necessary, Seller shall monitor and evaluate the information gathered through remote monitoring of each Facility as well as the maintenance and inspection Site visits. For so long as Seller is responsible for the Facility Services in respect of any
Facility, Seller shall provide Buyer with “view only” access to any information gathered through remote monitoring of such Facility. Such access shall be provided in real-time or as close to real-time as practicable, but shall in no event
be less current than twenty-four (24) hours. 
 (b) Notwithstanding anything to the contrary set forth in
Section 4.4(a), Seller shall provide Buyer with access to the Battery Solution data as may be mutually agreed by the Parties following the Original PUMA Agreement Date. 

(c) To the extent a PPA Customer has a right to access BloomConnect or any successor software related to the management of its purchase of
energy under an applicable PPA, Seller shall provide access to such PPA Customer for the same. 
 Section 4.5 Permits. 

(a) Seller 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, and shall promptly notify Buyer of any material challenges to the status of a Permit for a Facility, or any other material issues or anticipated material issues relating to obtaining or maintaining a Permit for a
Facility. 
 (b) Buyer agrees to cooperate with and assist Seller in obtaining all Permits. 

(c) Seller agrees to assist with the preparation and submission of all filings and notices of any nature which are required to be made by
Buyer under the terms of any Permit held by Buyer or any Legal Requirements applicable to the Facilities or to Buyer on account of the Facilities. 

Section 4.6 Service Providers. Seller may appoint one or more unrelated third party(ies), who is appropriately qualified,
licensed, and financially responsible, to perform EPC Services and/or Facility Services throughout the Term (each, a “Service Provider”). Seller shall submit such appointment of any Major Service Provider to Buyer for its prior
written approval, which approval shall not be unreasonably withheld or delayed. No such appointment nor the 

  
 35 

 
approval thereof by Buyer, however, shall relieve Seller of any liability, obligation, or responsibility resulting from a breach of this Agreement. “Major Service Provider” means
any Service Provider that Seller proposes to engage to perform any EPC Services and/or any Facility Services for which the aggregate compensation to such Service Provider in any calendar year is expected to be greater than [***] of the Services Fees
paid to Seller in the applicable calendar year. The Parties agree that each of the Major Service Providers set forth on Schedule 4.6 hereof are approved for all purposes by Buyer as of the Original PUMA Agreement Date. 

Section 4.7 Rights to Deliverables. Buyer agrees that Seller shall, except as expressly set forth herein, retain all rights, title
and interest, including Intellectual Property rights, in any Training Materials provided to Buyer in connection with the services performed hereunder. “Training Materials” means any and all materials, documentation, notebooks,
forms, diagrams, manuals and other written materials and tangible objects, describing how to operate and maintain the Facilities, including any corrections, improvements and enhancements which are delivered by Seller to Buyer, but excluding any
Documentation or other data and reports delivered to Buyer in respect of any Facilities. 
 Section 4.8 Coordination of
Relationship. 
 (a) Seller’s Operations Manager. Seller shall at all times retain an operations manager (the
“Operations Manager”) who shall be dedicated to the overall supervision and management of performance of Seller’s Facility Services obligations under this Agreement. Seller’s initial Operations Manager is set forth on
Exhibit M attached hereto. Seller may, from time to time, designate another individual as a proposed replacement for the Operations Manager by notice to Buyer’s approval, which may not be unreasonably withheld or delayed in all
instances. Where feasible, Buyer shall have the opportunity to meet the replacement Operations Manager in Warranty Term, Seller shall not assign the Operations Manager duties that are inconsistent or that conflict with the obligations of the
Operations Manager in respect of his or her Facility Services duties. 
 (b) Buyer Manager. Buyer will appoint an individual to serve
as its primary contact person with regard to this Agreement (the “Buyer Manager”). Buyer’s initial Buyer Manager is set forth on Exhibit M attached hereto. Buyer may, from time to time, designate another individual as a
proposed replacement for the Buyer Manager by notice to Seller. 
 (c) Manager Meetings. The Buyer Manager and the Operations Manager
will serve as each Party’s main contact to, and for, the other Party with regard to day-to- day matters affecting the Parties’ relationship in relation to EPC
Services and Facility Services. The Buyer Manager and the Operations Manager (or their designees) will meet, by phone or in person, as 

(d) often as they feel necessary to monitor and manage such
day-to-day activities. Such managers shall operate by consensus to the extent practicable but shall have no authority to amend or waive compliance with the terms and
conditions of this Agreement, or to 

  

					
	[***] Confidential Treatment Requested	  	36	  	

 
approve actions of the Parties that are inconsistent with this Agreement. Any such waivers or amendments shall be implemented only as described in Section 14.1 or Section 14.2, as the
case may be. 
 Section 4.9 Relocation or Removals of Equinix Power Modules. In the event that Equinix requests a reduction in
the System Capacity of any Facility(ies) installed pursuant to the Equinix PPA pursuant to Section 4.7 thereof, then: 

(a) In the event that one or more power modules are to be relocated pursuant to Section 4.7(b) of the Equinix PPA, Seller shall promptly
perform all actions necessary for the removal of such power modules from the original Site(s) and the transportation to, and reinstallation and resumption of operations of, such power modules at the Approved Relocation Site(s) (as defined in the
Equinix PPA). Seller shall bear all costs associated with such relocation unless Equinix is required to bear such costs pursuant to the terms of the Equinix PPA, in which case (i) Seller and Buyer shall cooperate in good faith to prepare
appropriate documentation of such costs, (ii) Buyer shall use all commercially reasonable efforts to obtain payment from Equinix as permitted under the Equinix PPA, and (iii) Buyer will promptly remit to Seller all payments obtained from
Equinix in respect of such costs associated with the relocation of the applicable power modules; and 
 (b) In the event that one or more
power modules are to be removed pursuant to Section 4.7(c) of the Equinix PPA, Seller will promptly remove such power modules from the applicable Facility(ies), and the Parties will cooperate in good faith to identify one or more Facilities in
the Portfolio at which to redeploy such power modules, either as additional power modules installed in then-empty power module cabinets or to replace operating power modules nearing the end of their useful life. In identifying such Facilities, the
Parties will consider (among other things) (i) the availability of empty power module cabinets, (ii) wiring or other equipment limitations, and (iii) any restrictions or limitations imposed by Legal Requirements, the PPAs, and the
applicable Interconnection Agreements. Until a power module is redeployed pursuant to the terms of this Section 4.9(b), Seller shall be responsible for the handling, shipping and storage of such power module, and shall bear
all risk of loss with respect thereto during such period. Seller shall bear all costs associated with the redeployment of power modules pursuant to the terms of this Section 4.9 (b). 

Section 4.10 Remarketing and Redeployment Assistance. The Parties acknowledge and agree that in certain circumstances, Buyer (or
certain of Buyer’s Affiliates), may be obligated to attempt to remarket and redeploy certain Facilities in connection with the termination of one or more PPAs containing such requirements with respect to such Facilities. In such event, Seller
agrees to use its best efforts to assist Buyer in its efforts to resell or redeploy each such Facility, including, but not limited to, taking the following actions for Buyer’s benefit upon request: (a) on a nondiscriminatory basis with
respect to other similar equipment of Seller, distributing to its sales organization information on the availability, location and price of such Facility, and agreeing to provide to a prospective purchaser of such unit or the output thereof, as
applicable, at no cost to such purchaser a certificate of maintainability with respect to such unit, (b) cause such Facility to be reinstalled at the applicable purchaser’s site at Seller’s then prevailing installation rates,
including procuring and installing any necessary BOF equipment related thereto, (c) cause such Facility to be refurbished or reconfigured as necessary or appropriate to facilitate such resale or 

  
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redeployment, and (d) enter into an operations and maintenance agreement for all necessary operations and maintenance services necessary to operate such Facility following resale or
redeployment at Seller’s then prevailing maintenance rates for similar equipment and including a scope of work, performance guaranties, and indemnification provisions similar in all material respects to the Customer PPA pursuant to which the
applicable Facility was originally installed. All of Seller’s reasonable costs and expenses (including a reasonable allocation of personnel hours) incurred in connection with the actions described in this Section 4.10 shall be reimbursed
by Buyer; and Seller will reasonably cooperate with Buyer to provide Buyer with any documentation that is required pursuant to the applicable Customer PPAs to support such costs and expenses. 

ARTICLE V 
 WARRANTIES

 Section 5.1 Facility Services Warranty. Without limiting Seller’s obligations under ARTICLE IV, during the Warranty
Period, Seller shall perform, or cause to be performed, all such Facility Services in respect of the Bloom Systems and the BOF necessary for the Portfolio to perform to the Warranty Specifications (the “Facility Services Warranty”).

 Section 5.2 Performance Guaranty. 

(a) During the Warranty Period, Seller shall determine within ten (10) Business Days after the end of each calendar year, whether the
Portfolio has delivered to the applicable Interconnection Points the Minimum kWh for purposes of the Performance Guaranty during such calendar year (“Performance Guaranty”). 

(b) If such calculation indicates that the Actual kWh delivered by the Portfolio was greater than the Minimum kWh during such calendar year,
then the difference (in kWh) between Actual kWh less Minimum kWh shall be recorded as a positive balance in the Performance Guaranty Bank. 

(c) If such calculation indicates that the Actual kWh delivered by the Portfolio was less than the Minimum kWh during such calendar year, then
the difference (in kWh) between Minimum kWh less Actual kWh shall be recorded as a negative balance in the Performance Guaranty Bank. 
 (d)
Seller shall report the balance of the Performance Guaranty Bank to Buyer within thirty (30) days of the end of each calendar year. If Seller fails to perform any Performance Guaranty calculation within the periods required by this
Section 5.2, Buyer may perform its own calculations and may make a claim under Section 5.7. An example of a Performance Guaranty calculation is attached as Annex C. 

Section 5.3 Efficiency Warranty. During the Warranty Period, Seller shall determine for each full calendar month within five
(5) Business Days after the end of such month whether each Facility that has achieved Commencement of Operations has performed at the Minimum Efficiency Level (the “Efficiency Warranty”). If the Minimum Efficiency Level has not
been met during such month, then Seller shall so notify Buyer in writing of the basis of its determination and Buyer may make a claim under Section 5.7. If Seller fails to perform any Efficiency Warranty calculation within
the periods required by this Section 5.3, Buyer may perform its own calculations and may make a claim under Section 5.7. 

  
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 Section 5.4 Section 5.4 Performance Warranty. 

(a) During the Warranty Period, Seller shall determine within ten (10) Business Days after the end of each Calendar Quarter, whether the
Portfolio has delivered to the applicable Interconnection Points the Minimum kWh for purposes of the Performance Warranty during such Calendar Quarter (“Performance Warranty”). 

(b) If such calculation indicates that the Actual kWh delivered by the Portfolio was greater than the Minimum kWh during such Calendar
Quarter, then the difference (in kWh) between Actual kWh less Minimum kWh shall be recorded as a positive balance in the Performance Warranty Bank. 

(c) If such calculation indicates that the Actual kWh delivered by the Portfolio was less than the Minimum kWh during such Calendar Quarter,
then the difference (in kWh) between Minimum kWh less Actual kWh shall be recorded as a negative balance in the Performance Warranty Bank. 

(d) Seller shall report the balance of the Performance Warranty Bank to Buyer within thirty (30) days of the end of each Calendar
Quarter. At any time the Performance Warranty Bank has a negative balance, Buyer may make a claim under Section 5.7. If Seller fails to perform any Performance Warranty calculation within the periods required by this
Section 5.4, Buyer may perform its own calculations and may make a claim under Section 5.7. An example of a Performance Warranty calculation is attached as Annex C. 

Section 5.5 Portfolio Warranty. 

(a) Subject to Section 13.5(a), Seller warrants to Buyer that (i) each Bloom System upon Commencement of
Operations will conform to the Bloom System Specifications, (ii) each Facility will be free from defects in design, materials and workmanship until the second anniversary of the Commencement of Operations for such Facility, and (ii) the
Portfolio and each Facility will comply with the Warranty Specifications applicable to the Portfolio or such Facility, as the case may be, during the Warranty Period (collectively, the “Portfolio Warranty”). 

(b) Seller agrees to correct, at Seller’s sole expense, all Bloom Systems or BOF provided, or BOF Work performed, by it or its
subcontractors under this Agreement which proves to be defective in design, materials, or workmanship during the Manufacturer’s Warranty Period for each Facility. 

(c) The Portfolio Warranty is not transferable to any third person, including any Person who buys a Facility from Buyer, without Seller’s
prior written consent (which shall not unreasonably be withheld). 
 (d) Any period of time in which the Warranty Specifications are not met
shall not extend the Warranty Period. 

  
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 Section 5.6 Exclusions. The Portfolio Warranty shall not cover any obligations on the
part of Seller to the extent caused by or arising from (a) the Bloom Systems or BOF being affected by vandalism or other third-party’s actions or omissions occurring after Commencement of Operations (other than to the extent that Seller,
Seller Affiliate, the Service Provider or a Seller subcontractor fails to properly protect the Bloom Systems and was required to do so under the Transaction Documents); (b) any failure relating to a PPA Customer’s failure to supply natural gas
as required under the applicable PPA; (c) Buyer’s (as opposed to Seller, Seller Affiliate, the Service Provider or a subcontractor thereof) or a PPA Customer’s removal of any safety devices, (d) any conditions caused by unforeseeable
movement in the environment in which the Bloom Systems are installed (provided that normal soil settlement, shifting, subsidence or cracking will not constitute ‘unforeseeable movement’), (e) accidents, abuse, improper third party testing
(unless caused by Seller, Seller Affiliate, the Service Provider or a subcontractor thereof) or Force Majeure Events, (f) installation, operation, repair or modification of the Bloom Systems or BOF by anyone other than Seller or Seller’s
authorized agents, or (g) a failure of any Battery Solution to perform in accordance with any performance warranty(ies) provided by the manufacturer thereof (excluding any such failure of the Battery Solution that is attributable to a Bloom
Component Defect). UNDER THE PORTFOLIO WARRANTY AND MAKES NO REPRESENTATION AS TO BLOOM SYSTEMS OR BOF WHICH HAVE BEEN OPENED OR MODIFIED BY ANYONE OTHER THAN SELLER, SELLER’S AFFILIATE, THE SERVICE PROVIDER OR SUBCONTRACTOR, OR ANY OF SUCH
PERSON’S REPRESENTATIVES, IN EACH CASE TO THE EXTENT OF ANY DAMAGE OR OTHER NEGATIVE CONSEQUENCE OF SUCH OPENING OR MODIFICATION. 

Section 5.7 Portfolio Warranty Claims. 

(a) Subject to the provisions of Section 13.5(a), if Buyer desires to make a Portfolio Warranty claim during the
Warranty Period, Buyer must notify Seller of the defect or other basis for the claim in writing. 
 (b) If, after the annual adjustment to
the Performance Guaranty Bank, such Performance Guaranty Bank has a negative balance, then Buyer may make a claim under the Performance Guaranty. Upon verification of such claim Seller shall make a payment to Buyer within ten (10) days of
receipt of such claim equal to (x) the absolute value of the balance of the Performance Guaranty Bank, multiplied by (y) the Performance Guaranty Payment Rate. Upon payment of such amount, the Performance Guaranty Bank shall be reset to
zero. Notwithstanding anything to the contrary set forth in this Agreement, Seller’s cumulative aggregate liability for all claims related to the Performance Guaranty shall not exceed the Performance Guaranty Payment Cap. 

(c) In the case of a claim relating to the Efficiency Warranty, upon receipt of such claim and verification by Seller that such Efficiency
Warranty is applicable, Seller or its designated subcontractor will promptly, and in all cases within ninety (90) days, repair or replace, at Seller’s sole option and discretion, any Bloom System(s) or any portion of the BOF whose repair
or replacement is required in order for the applicable Facility to perform consistent with the Efficiency Warranty. If Seller is obligated to repair or replace any Facility pursuant to this Section 5.7(c) and such repair or replacement
is not feasible (as determined at Seller’s sole option 

  
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and discretion) and Seller notifies Buyer to such effect, Seller will refund to Buyer the Refund Value of such Facility (calculated as of the date of such refund), in which case Seller shall be
deemed to have taken title to such Facility, and such Facility shall be deemed to no longer constitute a portion of the Portfolio. Seller shall make such determination as to the feasibility of repair or replacement as promptly as practicable, but in
any event within ninety (90) days after Seller’s receipt of notice of the claim unless the specific nature of the problem requires a longer period in which to make such determination (in which case Seller must make a determination within a
reasonable time) provided such longer period for a determination does not cause any breach of a PPA. In the event that Seller has not completed the repair or replacement of any Facility within ninety (90) days of the date on which Seller
received notice of a claim (or within one hundred twenty (120) days if the specific nature of the problem required a period longer than ninety (90) days in which to determine the feasibility of repair or replacement), or repurchased the
Facility in the time period in this Section 5.7(c) then Buyer has the right to require Seller (in which case Seller agrees) to procure return of the Facility in question to Seller (at Seller’s cost) and Seller will refund to Buyer
the Refund Value of such Facility, in which case Seller shall be deemed to have taken title to such Facility upon payment of the Refund Value, and such Facility shall be deemed to no longer constitute a portion of the Portfolio and shall be removed
as described in the previous sentence. The rights and obligations of the Parties under this Section 5.7(c) are in addition to and separate from any other rights of Buyer under this ARTICLE V. 

(d) In the event of a claim relating to the Performance Warranty, upon receipt of such notice and verification by Seller that such Performance
Warranty is applicable, Seller or its designated subcontractor will promptly, and in all cases prior to the final day of the immediately following Calendar Quarter, repair or replace, at Seller’s sole option and discretion, a sufficient number
of Underperforming Facilities in order for the Portfolio to perform consistent with the Performance Warranty at the end of such Calendar Quarter. If Seller is obligated to repair or replace any Facilities pursuant to this
Section 5.7(d) and such repair or replacement is not feasible (as determined at Seller’s sole option and discretion) and Seller notifies Buyer to such effect, Seller will refund to Buyer the Refund Value of such number
of Underperforming Facilities (calculated as of the date of such refund) as will cause the remaining Portfolio to comply with the Performance Warranty calculated through the final day of the applicable Calendar Quarter, in which case Seller shall be
deemed to have taken title to such Underperforming Facilities, and such Underperforming Facilities shall be deemed to no longer constitute a portion of the Portfolio. Seller shall make such determination as to the feasibility of repair or
replacement as promptly as practicable, but in any event within ninety (90) days after Seller’s receipt of notice of the claim unless the specific nature of the problem requires a longer period in which to make such determination (in which
case Seller must make a determination within a reasonable time) provided such longer period for a determination does not cause any breach of a PPA. In the event that Seller has not completed the repair or replacement of such sufficient number of
Underperforming Facilities within ninety (90) days of the date on which Seller received notice of a claim, or repurchased such sufficient number of Underperforming Facilities in the time period in this Section 5.7(d),
then Buyer has the right to require Seller (in which case Seller agrees) to procure return of such number of Underperforming Facilities (calculated as of the date of such refund) as will cause the remaining Portfolio to comply with the Performance
Warranty calculated through the final day of the applicable Calendar Quarter) and Seller will refund to Buyer the Refund Value of such Underperforming Facilities, in which case Seller shall be deemed to have taken title to such Underperforming
Facilities upon payment of the Refund Value, and such Facilities shall be deemed to no longer constitute a portion 

  
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of the Portfolio and shall be removed as described in the previous sentence. In the event that Seller is obligated to repurchase any Underperforming Facilities pursuant to this
Section 5.7(d) in connection with a Performance Warranty claim, the first Underperforming Facility repurchased shall be the Facility with the lowest output as a factor of its System Capacity in the prior Calendar Quarter,
followed by the next lowest, and so on until Seller’s repurchase obligations are satisfied. 
 (e) Buyer is hereby notified that
refurbished parts may be used in repair or replacement activities, provided that (i) any such refurbished parts will have passed the same inspections and tests performed by Seller on its new parts of the same type before such refurbished
parts are used in any repair or replacement, and (ii) Seller shall within thirty (30) days of a written request therefor by Buyer, provide a report for any or all Bloom Systems purchased hereunder that lists all components that have been
replaced in any individual Bloom System. If it is determined that a Facility will be removed pursuant to Section 5.7(c) or Section 5.7(d), Seller shall at its sole cost and expense remove the
Facility and all ancillary equipment (including the concrete pad and any other improvements to the applicable Site to the extent required under the applicable PPA or Site License) from the applicable Site, restoring the Site to its condition before
the installation, including closing all utility connections and properly sealing any Site penetrations in the manner required by all Legal Requirements and the applicable PPA or Site License. 

Section 5.8 Indemnification Regarding Performance Under PPAs. 

(a) Without in anyway limiting and in addition to Buyer’s remedies pursuant to Section 5.2 to
Section 5.7, inclusive, in the event that Buyer incurs any liability to a PPA Customer with respect to any performance guarantee, any power performance shortfall, any efficiency warranty or any cost excess, including
payments made or to be made by Buyer to a PPA Customer to reimburse such PPA Customer for any deficiency in the benefits received by such PPA Customer under the applicable state incentive programs for any PPA (collectively the “PPA
Warranties”), Seller shall indemnify and hold Buyer harmless for any such liability, costs and expenses incurred by Buyer pursuant to such PPA Warranties (“PPA Warranty Reimbursement Payment”)
except to the extent such liability results from a failure (not attributable to a Bloom Component Defect) of the Battery Solution to perform in accordance with any performance warranty(ies) provided by the manufacturer thereof. Without in anyway
limiting and in addition to the foregoing, in the event that the failure of any Bloom System(s) to comply with any PPA Warranty causes the termination of a PPA (in whole or in part), then (i) Buyer may return the applicable Bloom
System(s) to Seller and Seller will refund to Buyer the Refund Value of such Bloom Systems, in which case Seller shall be deemed to have taken title to such Bloom Systems, and such Bloom System shall be deemed to no longer constitute a portion of
the Portfolio, and(ii) Seller shall indemnify and hold Buyer harmless for any amount Buyer is liable to a PPA Customer in connection with such termination. If it is determined that a Bloom System will be removed pursuant to this
Section 5.8(a), Seller 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 applicable Site to the extent required under
the applicable PPA or Site License) from the applicable Site, restoring the Site to its condition before the installation, including closing all utility connections and properly sealing any Site penetrations in the manner required by all Legal
Requirements and the applicable PPA or Site License. For the avoidance of doubt, claims, credits, reimbursements and any other payments made under this Section 5.8(a) are not subject to the cap set forth in
Section 5.7(b) with respect to claims relating to the Performance Guaranty and shall not count against such cap. 

  
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 (b) PPA Warranty Reimbursement Payments owed pursuant to Section 5.8(a)
shall be calculated by Seller on the first Business Day following the end of each Calendar Quarter and paid no later than the fifth Business Day of the Calendar Quarter immediately following the Calendar Quarter with respect to which such PPA
Warranty Reimbursement Payment arose. 
 (c) Notwithstanding anything to the contrary set forth herein, Seller shall have no liability to
Buyer under this Section 5.8 to the extent that Seller’s liability under any PPA Warranty is increased due to such PPA Warranty having been modified, amended, or otherwise changed in any way from the terms of such PPA Warranty as
set forth in the applicable PPA as of the Original PUMA Agreement Date (or, for PPAs added after the Original PUMA Agreement Date, as set forth in the applicable PPA as of such date) unless Seller has consented in writing to such modification,
amendment, or change. 
 Section 5.9 Disclaimers. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN ARTICLE VIII, THIS
ARTICLE V AND THE OTHER TRANSACTION DOCUMENTS, THE FACILITIES ARE TRANSFERRED “AS IS, WHERE IS”, AND SELLER EXPRESSLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED, AS TO LIABILITIES,
OPERATIONS OF THE FACILITIES, VALUE OR QUALITY OF THE FACILITIES OR THE PROSPECTS (FINANCIAL AND OTHERWISE), RISKS AND OTHER INCIDENTS OF THE FACILITIES. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN ARTICLE VIII, THIS ARTICLE V AND THE
OTHER TRANSACTION DOCUMENTS, SELLER SPECIFICALLY DISCLAIMS ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY, USAGE, SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE WITH RESPECT TO THE FACILITIES, OR ANY PART THEREOF. NO PERSON IS AUTHORIZED TO
MAKE ANY OTHER WARRANTY OR REPRESENTATION CONCERNING THE PERFORMANCE OF THE FACILITIES. 
 Section 5.10 Title. Title to all replacement items,
parts, materials and equipment supplied under or pursuant to this Agreement to Buyer shall transfer to Buyer upon installation or inclusion in a Facility. Upon replacement of an item or part as part of the Facility Services provided hereunder,
Seller shall be obligated to remove such item or part and shall have the right to dispose of such replaced property in any manner that it chooses in its sole discretion. 

ARTICLE VI 
 RECORDS AND
AUDITS 
 Section 6.1 Record-Keeping Documentation; Audit Rights. 

(a) Seller shall ensure that records concerning Seller’s EPC Services and Facility Services activities hereunder are properly created and
maintained at all times in accordance with all Legal Requirements, including FERC requirements regarding record retention for Holding Companies in 18 C.F.R. Part 368 and any successorregulations to the extent applicable to Seller. Such records shall
include, but not be limited to, the following: 

  
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 (i) records and documentation in respect of each Facility’s satisfaction of each Milestone,
including records and documentation regarding the shipment of Bloom Systems and BOF, the completion of BOF Work, the achievement of Commencement of Operations, and the fact and date(s) such Facility has achieved each of the four separate criteria
set forth the definition of “Placed in Service”; 
 (ii) a separate “Maintenance Specification Log” for each
Facility 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 Buyer along with the corresponding
Quarterly Reports; 
 (iii) a Site service report completed in respect of each inspection, repair, replacement, service or other activity
or observation made by or on behalf of Seller in connection with its responsibilities hereunder, detailing the nature of the problems with a Facility detected, if any, and the specifics of the problem resolution and submitted to Buyer within ten
(10) Business Days of the date when such problem is resolved or within ten (10) Business Days of a routine inspection or service that did not identify any issues; 

(iv) a monthly report submitted to Buyer within fifteen (15) days after the end of each month (“Monthly Report”)
detailing and documenting, on a monthly basis, the (A) Efficiency and total output (in kWh) of each Facility comprising the Portfolio, and (B) total output (in kWh) of the Portfolio, in each case for the preceding month; 

(v) records and documentation in respect of each Facility or the Portfolio, as applicable, regarding the compliance of such Facility or the
Portfolio, as applicable, with the Warranty Specifications and any applicable PPA Warranties during the Warranty Period; 
 (vi) any other
records, reports, or other documentation related to the production and sale of energy from the Facilities or that Buyer is required to maintain in respect of any Facility under any applicable PPA; and 

(vii) any other records, reports, or other documentation reasonably requested by Buyer, including as necessary to support any ITC eligibility
determination with respect to a Facility. Seller agrees to use commercially reasonable efforts to promptly provide such documentation to Buyer, and shall provide a reasonable explanation for any inability to provide such documentation. 

(b) All such records required to be created and maintained pursuant to Section 6.1(a) shall (i) be kept available at
Seller’s office and made available for Buyer’s inspection upon request at all reasonable times, and (ii) be retained for the relevant retention period provided in 18 C.F.R. § 368.3 or any successor regulation as amended from
time, to the extent applicable to Seller, or any longer period required under any PPA. Any documentation prepared by Seller during the Term for the purposes of this Agreement shall be directly prepared for Buyer’s benefit and immediately become
Buyer’s property. Any such documentation shall be stored by Seller on behalf of Buyer until its final delivery to Buyer. Seller may retain a copy of all records related to each Facility for future analysis. 

  
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 (c) Buyer shall have the right no more than once during any calendar year and going back no more
than two (2) calendar years preceding the calendar year in which an audit takes place, upon reasonable prior written notice, including using an independent public accounting firm reasonably acceptable to Seller, to examine such records during
regular business hours in the location(s) where such records are maintained by Seller for the purposes of verifying Buyer’s compliance with its obligations hereunder, including the accuracy of Monthly Reports and Seller’s calculations in
respect of Warranty Specifications and applicable PPA Warranties; provided, however, that such records may be audited only once under this Section 6.1(c). Buyer shall pay the cost of the audit unless the results of the
audit reveal that the Minimum kWh or Actual kWh reported by Buyer in respect of the Portfolio or any Facility during any calendar year that is audited exceeds by five percent (5%) or more the true Minimum kWh or Actual kWh, as the case may be, in
which case Seller shall pay the audit costs. 
 Section 6.2 Reports; Invoicing Information; Other Information. Without in any
way limiting Seller’s other reporting, notification, and other similar obligations under this Agreement, during the Warranty Period, Seller shall furnish to Buyer the following reports, notices, and other information regarding the Bloom Systems
(which may be effected by e-mail communication to the Buyer Manager or other appropriate Buyer representative): 

(a) Promptly upon Seller’s knowledge of any event or circumstance which could materially delay or prevent its performance of any of
Seller’s obligations under any PPA, notice of such event or circumstance in reasonable detail; 
 (b) Promptly upon Seller’s
knowledge of the occurrence of any damage to any Facility or Site, notice of such damage in reasonable detail; 
 (c) Promptly (and in any
case within three (3) Business Days) following Seller’s final determination of the applicability thereof, notice that the operation of a Facility has experienced any of the circumstances described in clauses (i) through (iv) of the
definition of “Minimum kWh” herein; 
 (d) Promptly upon Seller’s knowledge, notice that any Facility was or is not in
compliance with any PPA Warranty during any period; and 
 (e) Any information Buyer may reasonably request in connection with any claim
filed by Buyer under any insurance maintained with respect to the Facilities, and any information such insurance providers may reasonably request in connection with such claim. 

ARTICLE VII 
 DATA ACCESS

 Section 7.1 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, any limitations under Legal Requirements as determined by Buyer in its reasonable discretion, and/or any restrictions on the
disclosure of information which may be subject to intellectual property rights restricting disclosure, at the sole cost of Seller: 

  
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 (a) Buyer shall grant Seller access to all data relating to the electricity production of each
Facility, it being understood that it is Seller’s responsibility to determine the performance of the Facility, and any other calculations as required under this Agreement, and that it is Buyer’s responsibility to handle all accounting and
invoicing activities; 
 (b) Buyer shall allow Seller access to all data from all Facility Meters; and 

(c) Seller shall be entitled to use the foregoing data for its internal business purposes and make such data available to third parties for
analysis, in all cases unless and to the extent such uses of or disclosures by Seller are restricted under the applicable PPA or Legal Requirements, including those related to privacy. 

ARTICLE VIII 

REPRESENTATIONS AND WARRANTIES OF SELLER 

Section 8.1 Representations and Warranties of Seller. Seller represents and warrants to Buyer as of the Original PUMA Agreement
Date and as of each Purchase Date as follows: 
 (a) Incorporation; Qualification. Seller 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. Seller 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 the
Bloom Systems being sold under this Agreement. 
 (b) Authority. Seller has full corporate power and authority to execute and deliver
the Transaction Documents to which it is a party and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Seller of the Transaction Documents to which it is a party and the consummation by Seller of the
transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action required on the part of Seller and the Transaction Documents to which Seller is a party have been duly and validly executed and
delivered by Seller. Each of the Transaction Documents to which Seller is a party constitutes the legal, valid and binding agreement of Seller, enforceable against Seller 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 the Transaction Documents to which Seller
is a party nor the consummation by Seller of the transactions contemplated hereby and thereby will (i) conflict with or result in any breach of any provision of the certificate of incorporation or bylaws of Seller, (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 Seller’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 Seller is 

  
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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 effect on Seller or its ability to
perform its obligations hereunder or (iii) constitute violations of any law, regulation, order, judgment or decree applicable to Seller, which violations, individually or in the aggregate, would result in a material adverse effect on Seller or
its ability to perform its obligations hereunder. 
 (d) Legal Proceedings. There are no pending or, to Seller’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 Seller that challenge the enforceability of the Transaction Documents to which Seller is a party or the ability of Seller to consummate the transactions contemplated
hereby or thereby, in each case, that could reasonably be expected to result in a material adverse effect on Seller or its ability to perform its obligations hereunder. 

(e) U.S. Person. Seller is not a “foreign person” within the meaning of Section 1445(b)(2) of the Code and has provided
a Certificate of Non-Foreign Status in the form and substance required by Section 1445 of the Code and the regulations thereunder. 

(f) Purchase Price of Facility. The Purchase Price paid for each Facility is an amount that is equal to the Fair Market Value of each
Facility, as determined on an arms-length basis. 
 (g) Title; Liens. As of each date title is required to pass to Buyer hereunder
with respect to any assets comprising a Facility, Seller has and will convey good and marketable title to such assets to be sold to Buyer on such date and all such assets are free and clear of all Liens other than Permitted Liens. Neither Seller nor
any of its subcontractors have placed any Liens on the Sites or the Facilities other than Permitted Liens. To the extent that Seller has actual knowledge that any of its subcontractors has placed any Lien on a Facility or Site, then Seller shall
cause such Liens to be discharged, or shall provide a bond in an amount and from a surety acceptable to Buyer to protect against such Lien, in each case, within thirty (30) days after Seller is aware of the existence thereof. Seller shall
indemnify Buyer against any such lien claim, provided that if the applicable Site License requires additional or more stringent action, Seller shall also indemnify Buyer for the costs and expenses of such actions. 

(h) Intellectual Property. To Seller’s Knowledge, no Bloom System and no other product or service marketed or sold (or proposed to
be marketed or sold) by Seller hereunder violates or will violate any license or infringes or will infringe any intellectual property rights of any other Person; provided, however, that, except with respect to parts and components
supplied by Seller or any of its Affiliates to the Battery Solution Manufacturer that are used to manufacture any Battery Solution, Seller makes no representations or warranties under this Section 8.1(h) regarding the
Battery Solution. Seller has received no written communications alleging that such Seller has violated, or by conducting its business, would violate any of the patents, trademarks, service marks, tradenames, copyrights, trade secrets, mask works or
other proprietary rights or processes of any other Person. 

  
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 (i) Consents and Approvals. Seller has received all material third party consents which
are required as of such date for the consummation and performance of the transactions contemplated hereunder. 
 (j) Real Property.
The real property referred to in each PPA and each Site License is all the real property that is necessary for the construction, installation, operation and maintenance of the Facilities other than those real property interests that can be
reasonably expected to be available on commercially reasonable terms as and to the extent required. Each Site has been licensed to Project Company pursuant to the terms of the applicable Site License. For clarity, no Site has been leased to Project
Company. 
 (k) Tax Representations. 

(i) Each Facility is a fuel cell power plant that has a Nameplate Capacity of at least 0.5 kilowatts of electricity using an electrochemical
process and has an electricity-only generation efficiency greater than 30 percent. Each Facility will function independently of each other Facility in the Portfolio to generate electricity for transmission and sale to a PPA Customer and is an
integrated system comprised of a fuel cell stack assembly and associated balance of plant components that has all the necessary components to convert a fuel into electricity using electrochemical means. 

(ii) As of Purchase Date for each Facility, no federal, state, or local Tax credit (including the ITC) has been claimed with respect to any
property that is part of such Facility. 
 (iii) No application has been submitted for a grant provided under Section 1603 of the
American Recovery and Reinvestment Tax Act of 2009, as amended by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, with respect to any property that is part of any Facility. 

(iv) No private letter ruling has been obtained for the transactions contemplated hereunder from the IRS. 

(v) As of the Purchase Date of each Facility, such Facility was not originally Placed in Service and, specifically, clauses (3) and (4)
of the definition of the term “Placed in Service” have not been met with respect to such Facility. 
 (vi) No Facility is
comprised of any property that (A) is “used predominately outside of the United States” within the meaning of Code Section 168(g), (B) is imported property of the kind described in Code Section 168(g)(6), (C) is “tax-exempt use property” within the meaning of Code Section 168(h), or (D) is property described in Code Section 50(b). 

(vii) Other than de minimis property, material or parts, each Facility consists of property, materials or parts not used by any Person prior
to having been first placed in a state of readiness and availability for their specific design function as part of the Facility. 

  
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 (viii) No portion of the basis of the Facility is attributable to “qualified rehabilitation
expenditures” within the meaning of Section 47(c)(2)(A) of the Code. 
 (ix) No grants (for purposes of this paragraph,
“grants” shall not include any credits, benefits, emissions reductions, offsets or allowances, howsoever entitled, attributable to the generation from the Facilities, and its respective avoided emission of pollutants) have been provided by
the United States, a state, a political subdivision of a state, or any other Governmental Authority for use in constructing or financing any Facility or with respect to which Seller is the beneficiary. No proceeds of any issue of state or local
government obligations have been used to provide financing for any Facility the interest on which is exempt from tax under Code Section 103. No subsidized energy financing (within the meaning of Code Section 45(b)(3)) has been provided,
directly or indirectly, under a federal, state, or local program provided in connection with any Facility. 
 (x) Seller is not related to
any PPA Customer within the meaning of Code Section 267 or Code Section 707. 
 (l) Bankruptcy. No event of Bankruptcy has
occurred with respect to Seller. 
 (m) Bloom System Performance. Assuming that Seller maintains each of the Facilities consistent
with the Preventative Maintenance Schedule, Seller is not aware of any circumstances which could reasonably be expected to prevent the Portfolio from complying with the Warranty Specifications and the PPA Warranties for the Warranty Period. 

(n) Material Adverse Effect. 

(i) As of the Original PUMA Agreement Date, no Material Adverse Effect has occurred with respect to Seller or, to the Knowledge of Seller,
any PPA Customer. 
 (ii) As of each Purchase Date, no Material Adverse Effect has occurred between the Original PUMA Agreement Date and
the applicable Purchase Date (A) with respect to Seller or, (B) to the Knowledge of Seller, with respect to the applicable PPA Customer(s) relating to any of the Facilities purchased and sold on such date. 

(o) Governmental Approvals. Seller, as applicable on behalf of Buyer, has obtained all Governmental Approvals required as of Delivery
Date to construct any Facility in compliance with Applicable Law. Seller will assist Buyer in applying for a grant of market-based rate authority from FERC sufficient to operate each Facility with an effective date prior to any Facility being Placed
in Service. As of each of the dates each Facility is Placed in Service and achieves Commencement of Operations, Seller, as applicable on behalf of Buyer, has obtained all Governmental Approvals required for such operation of such Facility and each
of the Governmental Approvals obtained as of such date is validly issued, final and in full force and effect and is not subject to any current legal proceeding or to any unsatisfied condition. On each of such dates, Seller, as applicable on behalf
of Buyer, is in compliance in all material respects with all applicable Governmental Approvals and has not received any notice from a Governmental Authority of an actual or potential violation of any such Governmental Approval. 

  
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 (p) Compliance. Seller has performed in all respects all obligations, and complied in all
material respects with the agreements and covenants, required to be performed by or complied with by Seller hereunder; provided that, for clarity, Seller has complied, and will comply, in all respects with the obligations set forth in
Section 7.1(h)(i) of the Equinix PPA in its capacity as “Bloom” thereunder and as if Seller were a “Party” thereto. 

(q) No Breaches. As of the Original PUMA Agreement Date, each PPA is a legal, valid, binding and enforceable obligation of Buyer and,
to Seller’s Knowledge, of each other party thereto, and each PPA is in full force and effect. To Seller’s Knowledge, neither Buyer nor any other Person party thereto is in material breach or violation of any PPA, and no event has occurred,
is pending or is threatened, which, after the giving of notice, with lapse of time, or otherwise, would constitute any such breach or default by Buyer or any other party thereto. 

(r) Insurance. Seller has obtained the insurance described in Annex B with respect to each Facility in the Portfolio and
with respect to each other Facility not yet in the Portfolio for which Buyer has paid any portion of the applicable Purchase Price, all such policies remain in full force and effect, and all insurance premiums that are due and payable have been paid
in full with no premium overdue. 
 (s) Data Privacy. Seller has used all data that Seller has collected regarding a PPA
Customer’s electricity consumption at such Site consistent with and subject to Applicable Law with respect to privacy. 
 ARTICLE IX

 REPRESENTATIONS AND WARRANTIES OF BUYER 

Section 9.1 Representations and Warranties of Buyer. Buyer represents and warrants to Seller as of the Original PUMA Agreement
Date and as of each Purchase Date, as follows. 
 (a) Organization. Buyer 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. Buyer has full limited liability company power and authority to execute and deliver the Transaction Documents to which
it is a party and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Buyer of the Transaction Documents to which it is a party and the consummation by Buyer of the transactions contemplated hereby and
thereby have been duly and validly authorized by all necessary corporate action required on the part of Buyer and the Transaction Documents to which Buyer is a party have been duly and validly executed and delivered by Buyer. Each of the Transaction
Documents to which Buyer is a party constitutes the legal, valid and binding agreement of Buyer, enforceable against Buyer 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). 

  
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 (c) Consents and Approvals; No Violation. Neither the execution, delivery and performance
of the Transaction Documents to which Buyer is a party nor the consummation by Buyer of the transactions contemplated hereby and thereby will (i) conflict with or result in any breach of any provision of the articles of formation of Buyer nor
Buyer’s limited liability company agreement, (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 Buyer’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 Buyer 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 effect on Buyer or its ability to perform its obligations hereunder or (iii) constitute violations of any
law, regulation, order, judgment or decree applicable to Buyer, which violations, individually or in the aggregate, would result in a material adverse effect on Buyer or its ability to perform its obligations hereunder. 

(d) Legal Proceedings. There are no pending or, to Buyer’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 Buyer that challenge the enforceability of the Transaction Documents to which Buyer is a party or the ability of Buyer to consummate the transactions contemplated hereby or thereby, in each case, that could reasonably be
expected to result in a material adverse effect on Buyer or its ability to perform its obligations hereunder. 
 (e) Consents and
Approvals. Buyer has received all material third party consents which are required as of such date for the consummation and performance of the transactions contemplated hereunder. 

(f) Bankruptcy. No event of Bankruptcy has occurred with respect to Buyer. 

(g) No Other Representations. Buyer is not relying on any representations or warranties whatsoever, express, implied, at common law,
statutory or otherwise, except for the representations or warranties expressly set out in the Transaction Documents and the MIPA. 

ARTICLE X 

CONFIDENTIALITY 

Section 10.1 Confidential Information. Subject to the other terms of this ARTICLE X each Party shall, and shall cause its
Affiliates and its respective stockholders, members, subsidiaries and Representatives to, hold confidential the terms of this Agreement and all information it has obtained or obtains from the other Party in connection with this Agreement concerning
Seller and Buyer and their respective assets, business, operations or prospects (the “Confidential Information”), including all materials and information furnished by Seller in performance of this Agreement, regardless of form
conveyed or whether financial or technical in nature, including any trade secrets and proprietary know how and Software whether such information bears a marking indicating that they are proprietary or confidential or not; provided,
however, that Confidential Information shall not include (a) the fact that the Parties have entered into this Agreement, (b) the nature of the transactions contemplated by this Agreement or (c) the

  
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Buyer’s capital expenditures or financing plans related to the transactions contemplated by this Agreement, or (d) information that (x) is or becomes generally available to the
public other than as a result of any fault, act or omission by a Party or any of its Representatives, (y) is or becomes available to a Party or any of its Representatives on a non-confidential basis from
a source other than the other Party or its Representatives, provided that such source was not and is not bound by any contractual, legal or fiduciary obligation of confidentiality with respect to such information or 

(z) was or is independently developed or conceived by a Party or its Representatives without use of or reliance upon the Confidential
Information of the other Party, as evidenced by sufficient written record. 
 Section 10.2 Restricted Access. 

(a) Buyer agrees that the Bloom Systems themselves contain Seller’s valuable trade secrets. Buyer agrees (i) to restrict the use of
such information to matters relating to the Facilities, and such other purposes, if any, expressly provided herein, and (ii) to restrict access to such information as provided in Section 10.3(b). 

(b) Seller’s Confidential Information will not be reproduced without Seller’s prior written consent, and following termination of
this Agreement all copies of such written information will be returned to Seller upon written request (not to be made while materials are still of use to the operation of a Facility and no Buyer Default has occurred and is continuing) or shall be
certified by Buyer as having been destroyed, unless otherwise agreed by the Parties. Buyer’s Confidential Information will not be reproduced by Seller without Buyer’s prior written consent, and following termination of this Agreement all
copies of such written information will be returned to Buyer upon written request or shall be certified by Seller as having been destroyed. Notwithstanding the foregoing, each Party and its Representatives may each retain archival copies of any
Confidential Information to the extent required by law, regulation or professional standards or copies of Confidential Information created pursuant to the automatic backing-up of electronic files where the
delivery or destruction of such files would cause undue hardship to the receiving Party, so long as any such archival or electronic file back-up copies are accessible only to legal or information technology
personnel, provided that such Confidential Information will continue to be subject to the terms of this Agreement. 
 (c) Subject to
ARTICLE XI and Section 10.2(a) and (b) hereof, the Facilities are offered for sale and are sold by Seller subject to the condition that such sale does not convey any license, expressly or by implication, to manufacture, reverse
engineer, duplicate or otherwise copy or reproduce any part of the Facilities, documentation or Software without Seller’s express advance written permission. Subject to ARTICLE XI hereof, Buyer agrees not to remove the covering of any
Bloom System, not to access the interior or to reverse engineer, or cause or knowingly allow any third party to open, access the interior or reverse engineer any Facility or Software provided by Seller. Subject to ARTICLE XI hereof, and
anything contemplated pursuant to this Agreement, only Seller or its authorized representatives may open or access the interior of a Facility. Notwithstanding the foregoing or anything else herein to the contrary, and without limitation of the
rights set forth in ARTICLE XI hereof, if any Facility is no longer covered by this Agreement or another agreement between Buyer and Seller (or any Affiliate of Seller) regarding the operation and maintenance of such Facility as a result of
the termination of this Agreement with respect to such Facility (A) in connection with a Seller Default or (B) in connection with the 

  
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expiration of the Extended Warranty Period, Buyer shall be entitled to maintain, or cause a third party to maintain, such Facility, including replacing Components as needed or desired; provided
that: 
 (i) No less than thirty (30) calendar days prior to the event of such termination pursuant to subsection (B) above, to
the extent Buyer requires any maintenance services for such Facility following such termination, Buyer shall notify Seller of such requirements in writing. If Seller desires to perform such maintenance services, conditions (including, without
limitation, the scope of services offered, the price(s) quoted for such services, and the terms of any performance warranties to be provided in connection with such services) pursuant to which it is willing to provide such maintenance services for
such Facility, which shall be no less favorable to Buyer than Seller’s standard rates, terms and warranties as of such date. If Buyer declines to engage Seller to perform such services, or the Parties are unable to execute appropriate
documentation to reflect such services, Buyer may (subject to clause (ii), below) seek to engage a third party to perform such services, provided, that prior to engaging any such third party to maintain a Facility, Buyer shall provide
written notice to Seller of the material terms and conditions on which such third party has offered to provide such service (including, without limitation, (X) the scope of services offered, (Y) the price(s) quoted for such services, and
(Z) the terms of any performance warranties to be provided in connection with such services). Seller shall have ten Business Days to notify Buyer if Seller will agree to perform the applicable services for a price not to exceed the quoted
amount and otherwise on terms no less favorable to Buyer than those included in the notice required hereunder. If Seller agrees to provide such services, the Parties will negotiate in good faith regarding appropriate documentation to reflect such
services. If Seller declines to provide such services, Buyer may engage the applicable third party on terms no more favorable to such third party than those provided in the notice to Seller. 

(ii) Without in any way limiting the provisions of the foregoing clause (i), Buyer shall in all events use commercially reasonable efforts to
engage a third party to provide such maintenance that is not a competitor of Seller or its Affiliates and is not in litigation or other material dispute with Seller. 

Section 10.3 Permitted Disclosures. 

(a) Legally Compelled Disclosure. Confidential Information may be disclosed (i) 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, (ii) as required or requested by the IRS, the Department of Justice or the Office of the Inspector General in connection with a Facility, cash grant, or tax
credits relating thereto, including in connection with a request for any private letter ruling, any determination letter or any audit or (iii) as required under any Interconnection Agreement. 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 10.3 with respect to the information required to be disclosed. 

  
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 If such protective order or other remedy is not obtained, or such other Party waives compliance with the non-disclosure provisions of this Section 10.3 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 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 (ii) 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. 
 (b) Disclosure to Representatives. Notwithstanding the foregoing,
and subject always to the restrictions in Section 10.2, a Party may disclose Confidential Information received by it to its and its Affiliates’ actual or potential investors or 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. 
 (c) Securities Filings. A Party may file this Agreement as an exhibit to any
relevant filing with the Securities Exchange Commission (or equivalent foreign agency) in accordance with Legal Requirements only after complying with the procedure set forth in this Section 10.3(c). In such event, the
Party seeking such disclosure shall prepare a draft confidential treatment request and proposed redacted version of this Agreement to request confidential treatment for this Agreement, and the other Party agrees to promptly (and in any event, no
less than fourteen (14) days after receipt of such confidential treatment request and proposed redactions) give its input in a reasonable manner in order to allow the Party seeking disclosure to file its request within the time lines prescribed
by Legal Requirements. The Party seeking such disclosure shall exercise commercially reasonable efforts to obtain confidential treatment of the Agreement from the Securities Exchange Commission (or equivalent foreign agency) as represented by the
redacted version reviewed by the other Party. Each Party shall bear its own costs in connection with such efforts. 
 (d) Other Permitted
Disclosures. Nothing herein shall be construed as prohibiting a Party hereunder from using such Confidential Information in connection with (i) any claim against the other Party, (ii) any exercise by a Party hereunder of any of its
rights hereunder, a financing or proposed financing by Seller or Buyer or their respective Affiliates, (iv) a disposition or proposed disposition by any direct or indirect Affiliate of Buyer of all or a portion of such Person’s equity
interests in Buyer, (v) a disposition or proposed disposition by Buyer of any Bloom System or Facility, or (vi) any disclosure required to be made to a PPA Customer (or otherwise) under a PPA or a Site License, provided that, in the
case of items (iii), (iv) and (v), the potential financing party or purchaser has entered into a confidentiality agreement with respect to Confidential Information on customary terms used in confidentiality agreements in connection with corporate
financings or acquisitions before any such information may be disclosed and a copy of such confidentiality agreement has been provided to the non-disclosing party for informational purposes, which copy of such
confidentiality agreement may contain redactions of confidential 

  
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information relating to the potential financing or purchaser. No disclosures of Confidential Information shall be made by Buyer in exercise of its rights under this
Section 10.3(d) until Seller has first had the opportunity to exercise its right to take or purchase the Bloom System in question, if applicable. 

ARTICLE XI 
 LICENSE AND
OWNERSHIP; SOFTWARE 
 Section 11.1 IP License to Use. Subject to Section 11.2, Seller grants to
Buyer a limited (as described herein), non-exclusive, royalty-free, irrevocable (except as described in ARTICLE XII hereof), non-transferable (except as described
herein) license to use the Intellectual Property, including Seller’s proprietary Software, contained in the Documentation, the Components and the Facilities purchased hereunder (collectively, “Seller’s Intellectual
Property”) in conjunction with the purchase, use, operation, maintenance, repair and, subject to Section 3.6(b), sale of the Bloom Systems and in conjunction with each Facility in accordance with the terms hereof
and each PPA and Interconnection Agreement (the “IP License”); provided, that (a) such license may be transferred or sub-licensed upon a transfer of a Bloom System to any Person who
acquires such Bloom System, subject to Buyer’s compliance with Section 3.6(b), (b) such license may be transferred or sub-licensed by Buyer to any third party Buyer is entitled
to engage to maintain any Facility pursuant to Section 10.2(c), (c) such license may be transferred by Buyer to any successor or assign of Buyer permitted pursuant to Section 14.4, and (d) in
the event of a voluntary or involuntary Bankruptcy of Buyer, Seller hereby expressly consents to the assumption and assignment of the IP License by Buyer as necessary to allow Buyer’s continued use of each Bloom System and/or Facility in
accordance with the terms hereof and, as applicable, each PPA and Interconnection Agreement. Seller shall retain all right, title and ownership of any and all Intellectual Property licensed by Seller hereunder. No right, title or interest in any
such Intellectual Property is granted, transferred or otherwise conveyed to Buyer under this Agreement except as otherwise expressly set forth herein. Buyer shall not, except as otherwise provided herein, modify, network, rent, lease, loan, sell,
distribute or create derivative works based upon Seller’s Intellectual Property in whole or part, or cause or knowingly allow any third party to do so. 

Section 11.2 Grant of Third Party Software License. 

(a) Seller grants to Buyer a limited (as described herein), non-exclusive, royalty-free, irrevocable
(except as described in ARTICLE XII hereof), non- transferable (except as described herein) license to use the third party Software (the “Software License”); provided, that
(i) such license may be transferred or sub-licensed upon a transfer of a Bloom System to any Person who acquires such Bloom System, (ii) such license may be transferred or sub-licensed by Buyer to any third party Buyer is entitled to engage to maintain any Facility pursuant to Section 10.2(c), and (iii) such license may be transferred by Buyer to any
successor or assign of Buyer permitted pursuant to Section 14.4. No right, title or interest in any Software provided to Buyer (including all copyrights, patents, trade secrets or other intellectual or intangible property
rights of any kind contained therein) is granted, transferred, or otherwise conveyed to Buyer under this Agreement except as expressly set forth herein. Buyer agrees not to reverse engineer or decompile the Software or otherwise use the Software for
any purpose other than in connection with the use of the Facilities. Further, Buyer shall not modify, network, rent, lease, loan, sell, distribute or create derivative works based upon the Software in whole or part, or cause or knowingly allow any
third party to do so. 

  
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 (b) All data collected on the Facilities by Seller using the Software and data collected on the
Facilities using Seller’s internal proprietary Software are the sole property of Seller to be used by Seller in accordance with Legal Requirements, and Seller hereby grants to Buyer a limited,
non-exclusive, irrevocable (except as set forth in ARTICLE XII hereof), royalty- free license to use the data collected on the Facilities using such Software or Seller’s internal proprietary
software only for purposes of using such Facilities and administering the Transaction Documents or as required pursuant to the terms of any PPA, Site License or Interconnection Agreement, provided the provisions of ARTICLE X on
confidentiality are maintained. 
 Section 11.3 Effect on Licenses. All rights and licenses granted under or pursuant to this
Agreement by Seller are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code and of any similar provisions of applicable laws under any other jurisdiction (collectively, the “Bankruptcy
Laws”), licenses of rights to “intellectual property” as defined under the Bankruptcy Laws. If a case is commenced by or against Seller under the Bankruptcy Laws (excluding a reorganization proceeding under Chapter 11 of the U.S.
Bankruptcy Code if Seller is continuing to perform all of its obligations under this Agreement), Seller (in any capacity, including debtor-in-possession) and its
successors and assigns (including a trustee under the Bankruptcy Laws) shall, as Buyer may elect in a written request, immediately upon such request: 

(a) perform all of the obligations provided in this Agreement to be performed by Seller including, where applicable, providing to Buyer
portions of such intellectual property (including embodiments thereof) held by Seller and such successors and assigns or otherwise available to them and to which Buyer is entitled to have access under this Agreement; and 

(b) not interfere with the rights of Buyer under this Agreement, or the Transaction Documents, to such intellectual property (including such
embodiments), including any right to obtain such intellectual property (or such embodiments) from another entity, to the extent provided in the Bankruptcy Laws. 

Section 11.4 No Software Warranty. Buyer acknowledges and agrees that the use of the Software is at Buyer’s sole risk. The
Software and related documentation are provided “AS IS” and without any warranty of any kind and Seller EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND
FITNESS FOR A PARTICULAR PURPOSE. 
 Section 11.5 IP Related Covenants. If Seller grants, bargains, sells, conveys, mortgages,
assigns, pledges, warrants or transfers any Intellectual Property or Software that is required (a) for Seller or its Affiliates to perform their respective obligations under the Transaction Documents or (b) for the continued maintenance and
operation of the Facilities without a material decrease in performance of the Facilities, Seller shall cause such act or transaction to be subject to the grant of the IP License and Software License under this Agreement. 

  
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 Section 11.6 Representations and Warranties. Seller represents and warrants to Buyer
as of the Original PUMA Agreement Date and as of each Purchase Date as follows with respect to all Intellectual Property that is required (i) for Seller or its Affiliates to perform their respective obligations under the Transaction Documents,
and (ii) for the continued operation of the Facilities in accordance with the Transaction Documents, the PPAs and the Interconnection Agreements without a material decrease in performance of the Facilities: 

(a) Seller owns or has the right to use and to authorize Buyer to use all such Intellectual Property and Software; and 

(b) Seller and its Affiliates are not infringing on any Intellectual Property of any third party with respect to the actions described in
subsection (i) and (ii) of Section 11.6 and the Facilities do not infringe on any Intellectual Property of any third party. 

Notwithstanding the foregoing, Seller makes no representations or warranties regarding any Intellectual Property rights relating to the Battery Solution other
than in respect of the parts or components supplied by Seller or any of its Affiliates to the Battery Solution Manufacturer that are used to manufacture the Battery Solution. 

ARTICLE XII 
 EVENTS OF
DEFAULT AND TERMINATION 
 Section 12.1 Seller Default. The occurrence at any time of any of the following events shall
constitute a “Seller Default”: 
 (a) Failure to Pay. The failure of Seller to pay any undisputed amounts owing to
Buyer on or before the day following the date on which such amounts are due and payable under the terms of this Agreement and Seller’s failure to cure each such failure within ten (10) Business Days after Seller receives written notice
from Buyer of each such failure; 
 (b) Failure to Perform Other Obligations. Unless due to a Force Majeure Event, the failure of
Seller to perform or cause to be performed any other material obligation required to be performed by Seller under this Agreement, or the failure of any representation and warranty set forth herein to be true and correct as and when made;
provided, however, that if such failure by its nature can be cured, then Seller shall have a period of thirty (30) days after receipt of written notice of such failure to cure the same and a Seller Default shall not be deemed to
exist during such period; provided, further, that if Seller 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; notwithstanding the foregoing, the cure period set forth above will in no event exceed (and will be deemed modified as necessary to match) the cure period applicable to any particular failure or breach pursuant to a PPA.

 (c) Termination Related to Equinix PPA. The termination of (i) this Agreement with respect to any Facilities under the
Equinix PPA pursuant to Section 12.7(b) or (ii) the Equinix PPA, in each case relating to, resulting from or arising out of or in connection with any act or omission by Seller, Seller Affiliate, the Service Provider or
a Seller or Seller Affiliate agent, representative or subcontractor at any tier that results in a breach of Section 7.1(h)(i) of the Equinix PPA. 

  
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 (d) Failure to Remedy Injunction. The failure of Seller to remedy any injunction that
prohibits Buyer’s use of any Facility as contemplated by Section 13.1 within sixty (60) days of Seller’s receipt of written notice of Buyer being enjoined therefrom; or 

(e) Bankruptcy. If Seller (i) admits in writing its inability to pay its debts generally as they become due; (ii) files a
petition or answer seeking reorganization or arrangement under the federal bankruptcy laws or any other Legal Requirements of the United States of America or any State, district or territory thereof; (iii) makes an assignment for the benefit of
creditors; (iv) consents to the appointment of a receiver of the whole or any substantial part of its assets; (v) has a petition in bankruptcy filed against it, and such petition is not dismissed within sixty (60) days after the
filing thereof; or if (vi) a court of competent jurisdiction enters an order, judgment, or decree appointing a receiver of the whole or any substantial part of Seller’s assets, and such order, judgment or decree is not vacated or set aside
or stayed within sixty (60) days from the date of entry thereof; or (vii) 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 Seller’s assets and such custody or control is not terminated or stayed within sixty (60) days from the date of assumption of such custody or control. 

Section 12.2 Buyer Default. The occurrence at any time of the following events with respect to Buyer shall constitute a
“Buyer Default”: 
 (a) Failure to Pay. The failure of Buyer to pay any undisputed amounts owing to Seller on or
before the day following the date on which such amounts are due and payable under the terms of this Agreement and Buyer’s failure to cure each such failure within ten (10) Business Days after Buyer receives written notice of each such
failure; or 
 (b) Failure to Perform Other Obligations. Unless due to a Force Majeure Event, the failure of Buyer to perform or
cause to be performed any material obligation required to be performed by Buyer under this Agreement or the failure of any representation and warranty set forth herein to be true and correct as and when made; provided, however, that if
such failure by its nature can be cured, then Buyer shall have a period of thirty (30) days after receipt of written notice of such failure to cure the same and a Buyer Default shall not be deemed to exist during such period; provided,
further, that if Buyer 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) Bankruptcy. If Buyer (i) admits in writing its inability to pay its debts generally as they become due; (ii) files a
petition or answer seeking reorganization or arrangement under the federal bankruptcy laws or any other Legal Requirements of the United States of America or any State, district or territory thereof; (iii) makes an assignment for the benefit of
creditors; (iv) consents to the appointment of a receiver of the whole or any substantial part of its assets; (v) has a petition in bankruptcy filed against it, and such petition is not dismissed within sixty (60) days after the
filing thereof; or if (vi) a court of competent jurisdiction enters an order, judgment, or decree appointing a receiver of the whole or any substantial part of Buyer’s assets, and such order, judgment or decree is not vacated or set aside
or stayed within sixty (60) days from the date of entry thereof; or (vii) 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 Buyer’s assets and such custody or control is not terminated or stayed within sixty (60) days from the date of assumption of such custody or control. 

  
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 Section 12.3 Buyer’s Remedies Upon Occurrence of a Seller Default.
If a Seller Default has occurred under Section 12.1(e), Buyer may terminate this Agreement by written notice, and assert all rights and remedies available to Buyer under Legal Requirements subject to the limitations of
liability set forth in Section 13.5. If a Seller Default has occurred under Section 12.1(c), Buyer may, (a) at its option, (1) terminate this Agreement by written notice, and assert all
rights and remedies available to Buyer under Legal Requirements subject to the limitations of liability set forth in Section 13.5, or (2) terminate this Agreement with respect to any or all of the Facilities installed
pursuant to the Equinix PPA and assert all rights and remedies available to Buyer under Legal Requirements subject to the limitations of liability set forth in Section 13.5, and (b) require Seller, at Buyer’s
option, to repurchase pursuant to Section 12.7(c) the relevant Facilities in respect of which this Agreement is being terminated. If a Seller Default has occurred under Section 12.1(a),
Section 12.1(b) or Section 12.1(d), Buyer may terminate this Agreement only with respect to those Facilities for which such Seller Default has occurred by written notice, and (i) assert all
rights and remedies available to Buyer under Legal Requirements subject to the limitations of liability set forth in Section 13.5, or (ii) require Seller and, if so required, Seller shall repurchase the relevant
Facility in respect of which this Agreement is being terminated from Buyer on an AS IS basis by paying the Refund Value of any such Facility, calculated as of the date of such refund, in which case Seller shall take title to such Facility upon
paying the Refund Value, and such Facility shall no longer constitute a portion of the Portfolio; provided, however, that if a Seller Default has occurred under Section 12.1(a) or Section 12.1(b)
and remains uncured with respect to ten (10) or more Facilities, then Buyer may terminate this Agreement by written notice with respect to all Facilities. If a Facility will be removed pursuant to this
Section 12.3, Seller shall at its sole cost and expense remove the Facility and any other ancillary equipment (including the concrete pad and any other improvements to the applicable Site to the extent required under the
applicable PPA or Site License) from the applicable Site, restoring the Site to its condition before the installation, including closing all utility connections and properly sealing any Site penetrations in the manner required by all Legal
Requirements and the applicable PPA or Site License. 
 Section 12.4 Seller’s Remedies Upon Occurrence of a Buyer
Default. If a Buyer Default has occurred under Section 12.2(c), Seller may terminate this Agreement by written notice, and assert all rights and remedies available to Seller under Legal Requirements subject to the
limitations of liability set forth in Section 13.5. If a Buyer Default has occurred Seller may terminate this Agreement only with respect to those Facilities for which a Buyer Default has occurred and remains uncured;
provided that if such Buyer Default is a Buyer Default under Section 12.2(a) and has occurred and remains uncured with respect to ten (10) or more Facilities, then Seller may terminate this Agreement with
respect to all Facilities not yet paid in full by Buyer by written notice, and assert all rights and remedies available to Seller under Legal Requirements with respect to those Facilities for which a Buyer Default has occurred, subject to the
limitations of liability set forth in Section 13.5, including without limitation retaining any prior payments with respect to such Facilities and selling such Facilities to another buyer. 

Section 12.5 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 

  
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which expressly or by implication are intended to survive termination whether resulting from the event giving rise to termination or otherwise, including, without limitation, ARTICLE X,
ARTICLE XI, and ARTICLE XIII. 
 Section 12.6 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 (a) 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; (b) the suspension
of performance shall be of no greater scope and of no longer duration than is reasonably required by the Force Majeure Event; (c) 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; (d) 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 (e) 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 12.7 Termination of Facilities Subject to PPAs. 

(a) In the event that a PPA is terminated with respect to a Facility, this Agreement shall be deemed terminated with respect to that Facility
and Buyer shall owe Seller no further Services Fees in respect of such Facility for any period from and after the date of termination. For clarity, nothing in this Section 12.7(a) shall limit in any manner any other
remedies that may be available to Buyer under this Agreement. 
 (b) In the event of a Compliance Law Violation (as defined in the Equinix
PPA), the Parties will cooperate in good faith to cure such Compliance Law Violation in accordance with the terms of Section 7.1(h)(i) of the Equinix PPA including, without limitation, by ensuring that any individual(s),
Seller Affiliate, Service Provider and/or Seller or Seller Affiliate agent, representative or subcontractor at any tier directly involved in the Compliance Law Violation are no longer in any way performing under the Equinix PPA. In the event that,
notwithstanding such efforts, such Compliance Law Violation either (i) can only be cured by the termination of Seller’s performance in connection with the Equinix PPA, or (ii) results in the termination of the Equinix PPA, then, in
either case, Buyer may terminate this Agreement with respect to any or all Facilities installed pursuant to the Equinix PPA and Buyer shall owe Seller no further Service Fees in respect of such Facility(ies) for any period from and after the date of
termination. For clarity, nothing in this Section 12.7(b) shall limit in any manner any other remedies that may be available to Buyer under this Agreement. 

(c) In the event that the termination of this Agreement with respect to any Facilities under Section 12.7(a) or
Section 12.7(b) results from the default of Seller under this Agreement, including, for clarity, in connection with a breach of Section 7.1(h)(i) of the Equinix PPA, Seller shall, at Buyer’s
option, repurchase the relevant Facilities in respect of which this Agreement is being terminated from Buyer on an AS IS basis by paying the Refund Value of any such Facilities, calculated as of the date of such refund, in which case Seller shall
take title to such Facilities upon paying the Refund Value, and the applicable Bloom Systems shall no longer 

  
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constitute a portion of the Portfolio. If a Facility will be removed pursuant to this Section 12.7(c), Seller shall at its sole cost and expense remove (or cause the
removal of) the Facility and any other ancillary equipment (including the concrete pad and any other improvements to the applicable Site to the extent required under the applicable PPA or Site License) from the applicable Site, restoring the Site to
its condition before the installation, including closing all utility connections and properly sealing any Site penetrations in the manner required by all Legal Requirements and the applicable PPA or Site License. 

ARTICLE XIII 

INDEMNIFICATION 

Section 13.1 IP Indemnity. 

(a) Except as expressly limited below, Seller agrees to indemnify, defend and hold Buyer, its members, and their Affiliates and their
respective managers, officers, directors, employees and agents harmless from and against any and all Third Party Claims and Indemnifiable Losses (including in connection with obtaining any Intellectual Property necessary for continuation of
completion, operation and maintenance of Bloom Systems purchased by Buyer from Seller), arising from or in connection with any alleged infringement, conflict, violation or misuse of any patents, copyrights, trade secrets or other third party
Intellectual Property rights by Bloom Systems purchased by Buyer from Seller (or the use, operation or maintenance thereof) or the exercise of the IP License or the Software License granted pursuant to Section 11.1 and
Section 11.2 hereunder. Buyer shall give Seller prompt notice of any such claims. Seller shall be entitled to participate in, and, unless in the opinion of counsel for Seller a conflict of interest between the Parties may
exist with respect to such claim, assume control of the defense of such claim with counsel reasonably acceptable to Buyer. Buyer authorizes Seller to settle or defend such claims in its sole discretion on Buyer’s behalf, without imposing any
monetary or other obligation or liability on Buyer and subject to Buyer’s participation rights set forth in this Section13.1. Buyer shall assist Seller upon reasonable request by Seller and, at Seller’s reasonable expense, in
defending any such claim. If Seller does not assume the defense of such claim, or if a conflict precludes Seller from assuming the defense, then Seller shall reimburse Buyer on a monthly basis for Buyer’s reasonable defense expenses of such
claim through separate counsel of Buyer’s choice reasonably acceptable to Seller. Even if Seller assumes the defense of such claim, Buyer may, at its sole option, participate in the defense, at Buyer’s expense, without relieving Seller of
any of its obligations hereunder. Should Buyer be enjoined from selling or using any Bloom System as a result of such claim, Seller will, at its sole option and discretion, either(i) procure or otherwise obtain for Buyer the right to use or sell the
Bloom System; (ii) modify the Bloom System so that it becomes non-infringing but still substantially meets the original functional specifications of the Bloom System (in which event, for the avoidance of
doubt, all warranties hereunder shall continue to apply unmodified); (iii) upon return of the Bloom System to Seller, as directed by Seller, provide to Buyer a non-infringing Bloom System meeting the
functional specifications of the Bloom System, or (iv) when and if none of the first three options is reasonably available to Seller, authorize the return of the Bloom System to Seller and, upon receipt thereof, return to Buyer all monies paid
by Buyer to Seller for the cost of the Bloom Systems and BOF, net of any monies paid by Seller to Buyer for any performance guaranties or other warranty claims; provided that Seller shall not elect the option in the preceding clause
(i) without Buyer’s written consent if such election could reasonably be expected to materially decrease Buyer’s revenues or materially increase Buyer’s operating expenses. 

  
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 (a) THIS INDEMNITY SHALL NOT COVER ANY CLAIM: 

(i) for Intellectual Property infringement, conflict, violation or misuse arising from or in connection with any combination made by Buyer of
any Bloom System with any other product or products or modifications made by or on behalf of Buyer to any part of the Bloom System, unless (A) such combination or modification is in accordance with Seller’s specifications for the Bloom
System, (B) such combination or modification is made by or on behalf of or at the written request of Seller where Seller has requested the specific combination or modification giving rise to the claim by Buyer, or (C) such other product or
products would not infringe the Intellectual Property rights of a third party but for the combination with any part of the Bloom System; 

(ii) for infringement of any Intellectual Property rights arising in whole or in part from any aspect of the Bloom System which was designed
by or requested by Buyer on a custom basis. For the avoidance of doubt, the integration of the Battery Solution into any Facility shall not constitute an alteration designed by or requested by Buyer on a custom basis; or 

(iii) for infringement of any Intellectual Property rights arising in whole or in part from any aspect of the Battery Solution (unless such
infringement arises in whole or in part from any aspect of the parts or components supplied by Seller or any of its Affiliates to the Battery Solution Manufacturer that are used to manufacture the Battery Solution). 

Section 13.2 Indemnification of Seller by Buyer. Buyer shall indemnify, defend and hold harmless Seller, its officers, directors,
employees, shareholders, Affiliates and agents (each, a “Seller Indemnitee”) from and against any and all Indemnifiable Losses asserted against or suffered by any Seller Indemnitee arising out of a claim by a third party (other than
a claim for Seller Indemnitee’s breach of any contract to which a Seller Indemnitee is a party) and in any way relating to, resulting from or arising out of or in connection with any Third Party Claims against a Seller Indemnitee to the extent
arising out of or in connection with (a) the negligent or intentional acts or omissions of Buyer or its subcontractors, agents or employees or others under Buyer’s control (excluding Seller and any Seller Affiliate) or breach by Buyer of
its representations, warranties or obligations under any Transaction Document, or (b) operation of Bloom Systems by any party other than Seller or an Affiliate or subcontractor of Seller after such Bloom Systems have been purchased by Buyer
pursuant to this Agreement (but subject to Seller’s warranties, covenants and indemnities under this Agreement and any other Transaction Document to which Seller is a party); provided that Buyer shall have no obligation to indemnify
Seller to the extent caused by or arising out of (i) any negligence, fraud or willful misconduct of any Seller Indemnitee or the breach by Seller or any Seller Indemnitee of its covenants, representations and warranties under this Agreement or
in any Payment Certificate, or (ii) any operation of Bloom Systems by a party outside of Buyer’s control or direction or by a party taking such action despite Buyer’s reasonable efforts to prevent the same. 

  
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 Section 13.3 Indemnification of Buyer by Seller. 

(a) Seller shall indemnify, defend and hold harmless Buyer, its members, managers, officers, directors, employees, Affiliates and agents
(each, a “Buyer Indemnitee”) from and against any and all Indemnifiable Losses asserted against or suffered by any Buyer Indemnitee arising out of (1) a claim by a third party (other than a claim for Buyer Indemnitee’s
breach of contract (other than any breach by a Buyer Indemnitee of any PPA or Site License based on any breach by Seller of its obligations under this Agreement to perform obligations under such PPA or Site License on behalf of Buyer)) and in any
way relating to, resulting from or arising out of or in connection with any Third Party Claims against a Buyer Indemnitee to the extent arising out of or in connection with the negligent or intentional acts or omissions of Seller or its
subcontractors, agents or employees or others under Seller’s control (other than matters addressed separately in Section 13.1, which shall be governed by the terms thereof), (2) a breach by Seller of its
representations, warranties or obligations under any Transaction Document or in any Payment Certificate, including any breach of a PPA or Site License relating to, resulting from or arising out of or in connection with any act or omission by Seller,
Seller Affiliate, the Service Provider or a Seller or Seller Affiliate agent, representative or subcontractor at any tier in respect of EPC Services or Facility Services that Seller is obligated to perform on behalf of Buyer in fulfillment of such
obligations under the PPA or Site License including, for clarity, a breach of Section 7.1(h)(i) of the Equinix PPA relating to, resulting from or arising out of or in connection with any act or omission by Seller, Seller Affiliate, the
Service Provider or a Seller or Seller Affiliate agent, representative or subcontractor at any tier, or (3) any injury, death, or damage to property caused by a defect in a Facility; provided that, Seller shall have no obligation to indemnify
Buyer to the extent caused by or arising out of any negligence, fraud or willful misconduct of a Buyer Indemnitee, the breach by Buyer or any Buyer Indemnitee of its covenants, representations and warranties under this Agreement or the inability of
Buyer to ultimately utilize any tax benefits. 
 (b) Except as otherwise set forth in this Agreement, in the event that Buyer incurs any
liability, cost, loss or expense to a PPA Customer (including relating to a breach of a PPA or Site License) in relation to the repurchase by or return to Seller of any Bloom System under this Agreement, Seller shall indemnify and hold Buyer
harmless for any such liability, cost, loss or expense incurred by Buyer. 
 (c) Seller acknowledges and agrees that each PPA Customer is an
intended third party beneficiary of Seller’s indemnification obligations in favor of the Buyer Indemnitees and that Buyer may, at its sole option, elect to assign to a PPA Customer the right to seek indemnification directly from Seller in the
event that Buyer owes to such PPA Customer any indemnification obligations arising out of any actions or inactions of Seller under this Agreement that give rise to an indemnification obligation of Seller in favor of any Buyer Indemnitee. 

Section 13.4 Indemnity Claims Procedure. Except as otherwise provided in Section 13.1, 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 reasonable 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 reasonable defense expenses
through separate counsel of the Indemnified 

  
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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 13.5 Limitation 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 amount in excess
of the Maximum Liability unless and to the extent such liability is the result of (A) fraud, willful default, willful misconduct, or gross negligence of a Party or that Party’s employees, agents, subcontractors (except that for the
purposes of this provision, Seller and its employees, agents and subcontractors will not be deemed to be employees, agents or subcontractors of Buyer), (B) a Third Party Claim, (C) a claim of Seller against Buyer for Buyer’s failure to pay
the Service Fees or Purchase Price for any Facility (which amounts shall not be included in calculating Buyer’s Maximum Liability), (D) a claim with respect to injury to or death of any individual, (E) Seller’s abandonment to the
extent constituting a repudiation of this Agreement in respect of all or any part of the Facilities, (F) events or circumstances in respect of which insurance proceeds are available or that would have been available but for a failure by Seller
to maintain, or comply with the terms of, insurance that it is required to obtain and maintain under this Agreement, and any amounts so received will not be included when calculating Seller’s Maximum Liability, (G) a claim of Buyer against
Seller for Seller’s breach of a Fundamental Representation, (H) any purchase price adjustment pursuant to Section 2.7 or Section 2.8, (I) any Indemnifiable Losses asserted against or suffered by Buyer in connection
with the LREC Contract, or (J) any Indemnifiable Losses asserted against or suffered by Buyer in connection with a breach of Section 7.1(h)(i) of the Equinix PPA relating to, resulting from or arising out of or in connection with any act
or omission by Seller, Seller Affiliate, the Service Provider or a Seller or Seller Affiliate agent, representative or subcontractor at any tier. Subject always to the Maximum Liability limitations set forth in the preceding sentence, except for
damages or amounts 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 indirect, punitive, special or consequential damages or loss of profits; provided, however, that the loss of profits language set forth in this Section 13.5(a) shall
not be interpreted to exclude from Indemnifiable Losses any losses arising as a result of (i) the loss or recapture of any ITC, or (ii) in connection with a breach of Section 7.1(h)(i) of the Equinix PPA relating to, resulting from or
arising out of or in connection with any act or omission by Seller, Seller Affiliate, the Service Provider or a Seller or Seller Affiliate agent, representative or subcontractor at any tier. Notwithstanding anything to the contrary set forth herein,
in no event shall the limitation of liability set forth above as it pertains to Seller limit Seller’s obligations to Buyer for any payments owed by Seller to Buyer regarding (i) the Refund Value of any Facility(ies), (ii) Performance
Guaranty payments, (iii) liability for any PPA Warranties that Seller has incurred pursuant to Section 5.8, (iv) Indemnifiable Losses arising from the loss or recapture of any ITC, and/or any Indemnifiable Losses asserted against or
suffered by Buyer in connection with the LREC Contract or in connection with a breach of Section 7.1(h)(i) of the Equinix PPA relating to, resulting from or arising out of or in connection with any act or omission by Seller, Seller Affiliate,
the Service Provider or a Seller or Seller Affiliate agent, representative or subcontractor at any tier. Any amounts paid or payable by Seller to Buyer as described in clauses 

(i) through (v) of the preceding sentence will not be included when calculating Seller’s Maximum Liability. 

  
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 (b) Each Party hereby waives any claim under this ARTICLE XIII irrespective of the legal theory
under which it is brought to the extent such claim is covered by the insurance of the claiming Party. 
 Section 13.6 Liquidated
Damages; Estoppel. The Parties acknowledge and agree that it would be impracticable or impossible to determine with precision the amount of damages that would or may be incurred by Buyer as a result of the Portfolio’s failure to satisfy any
Capacity Warranty. It is therefore understood and agreed by the Parties that: (a) Buyer may be damaged by Seller’s failure to satisfy either Capacity Warranty; (b) it would be impractical or impossible to fix the actual damages to
Buyer resulting therefrom; and (c) any cash payments in respect of a claim under the Performance Guaranty and any Refund Values payable to Buyer under Section 5.7 for failure to meet such obligations are in the nature
of liquidated damages, and not a penalty, and are fair and reasonable estimate of compensation for the losses that Buyer may reasonably be anticipated to incur by such failure. Seller hereby (i) waives any argument that its failure to comply
with its obligations set forth in Section 5.7 would not cause Buyer irreparable harm, (ii) agrees that it shall be estopped from arguing the invalidity, or otherwise questioning the reasonableness, of the liquidated
damages provided for herein, and (iii) agrees that it will consent to the entry of judgment ordering payment of such liquidated damages in any court of competent jurisdiction. Seller and Buyer each agree that Buyer shall be under no obligation
to submit any dispute regarding the payment of any Refund Value when due to the dispute resolution mechanism set forth in Section 14.5, but may rather immediately pursue whatever rights it has available under this
Agreement, at law or in equity in accordance with Section 14.6 herein. 
 Section 13.7 Survival. The
Parties’ respective rights and obligations under this ARTICLE XIII shall survive any total or partial termination of this Agreement. 

ARTICLE XIV 

MISCELLANEOUS PROVISIONS 

Section 14.1 Amendment and Modification. This Agreement may be amended, modified or supplemented only by written agreement of
Buyer and Seller. 
 Section 14.2 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. 

Section 14.3 Notices. All notices, provisions of Documentation, reports, certifications, or other documentation, 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 by electronic mail, or when delivered if mailed by overnight
delivery via a nationally recognized courier or registered or certified first class mail (return receipt 

  
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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 and that any notice provided by electronic mail will be followed promptly by another form of notice consistent with this Section 14.3 and will be effective when
such follow-up notice is deemed effective): 
  

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

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

Email: [***]

		
	To Buyer:	  	 2016 ESA Project Company, LLC
 c/o Southern
PowerSecure Holdings, Inc.
 c/o PowerSecure International, Inc.

1609 Heritage Commerce Ct.
 Wake Forest NC 27587

Attention: President and Chief Executive Officer
 Email:
[***]

		
		  	and to:
		
		  	 Southern Company Services, Inc.
 30 Ivan
Allen Jr. Blvd., NW
 Bin SC 1203 Atlanta, GA 30308
 Attention:
General Counsel
 Email: [***]

		
		  	with a copy to:
		
		  	 Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P.

150 Fayetteville Street, Suite 2300
 Raleigh, NC 27601

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

Email: [***]

 Section 14.4 Assignment; Subcontractors. 

(a) 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 without the prior written consent of the other Party (to be granted
in the other Party’s sole discretion), provided that (i) Buyer may assign its indemnification rights to PPA Customers as set forth in Section 13.3 upon notice to Seller, 

  

					
	[***] Confidential Treatment Requested	  	66	  	

 (ii) Buyer may assign all of its right, title and interest in and to this Agreement to an Affiliate wholly owned
(directly or indirectly) by The Southern Company without the prior consent of Seller (provided that such assignee Affiliate shall assign this Agreement back to the Buyer at any future date that such assignee is no longer an Affiliate of the Buyer),
(iii) Buyer may make such an assignment without Seller’s consent to a successor to substantially all of Buyer’s business, whether in a merger, sale of stock, sale of assets or other transaction (other than a transaction with an entity that
is a competitor of Seller or its Affiliates, unless consented to under the provisions of paragraph (b)), and (iv) Seller shall be entitled to subcontract any of its obligations under this Agreement without consent (except as set forth in
Section 4.6) or to assign its obligations under this Agreement to an Affiliate under common ownership with Seller, provided further that (i) such assignment or subcontracting shall not excuse Seller from the obligation
to competently perform any subcontracted or assigned obligations or any of its other obligations under the Agreement and (ii) nothing in this Agreement shall be deemed to require the consent of any party with respect to any change in control, merger
or sale of all or substantially all of the assets of The Southern Company or Seller. Any purported assignment or delegation in violation of this Section shall be null and void. 

(b) In the event of an assignment by Buyer or other transaction described in paragraph (a)(iii), Buyer shall notify Seller of the identity of
the proposed assignee or successor in writing, and Seller shall have the right to consent to such assignment or transaction in the event that Seller reasonably believes such proposed assignee to be a competitor of Seller. Seller shall notify Buyer
of its determination within ten (10) Business Days of receipt of notice from Buyer hereunder. If Seller notifies Buyer that it has determined that the proposed assignee is a competitor of Seller and that Seller is electing to withhold consent,
then Buyer shall be prohibited from consummating the proposed transaction unless it has been finally determined that such proposed assignee is not a competitor of Seller. 

(c) Any disputes regarding Seller’s determination of a proposed assignee as a competitor to Seller shall be resolved as follows: 

(i) Buyer will promptly provide written notification of the dispute to Seller within five (5) Business Days after notice by Seller that
it has determined the proposed assignee to be a competitor and that it is withholding its consent. Thereafter, a meeting shall be held promptly between the Parties, attended by Seller’s Chief Financial Officer and Buyer’s Chief Financial
Officer, to attempt in good faith to negotiate a resolution of the dispute, provided, that either Party may elect to escalate the dispute to the Parties’ respective Chief Executive Officer at any time. 

(ii) If the Parties are not successful in resolving a dispute within ten (10) Business Days of the meeting called for above, the dispute
shall be submitted, within ten (10) Business Days thereafter, to a mediator with energy industry experience. The Parties shall cooperate with and provide such documents, information and other assistance as is requested by the mediator to assist
in efforts to resolve the dispute. The costs of the mediator shall be borne equally by the Parties. 
 (iii) If efforts to mediate are not
successful within thirty (30) days of submitting the dispute to the mediator, both Parties will retain all legal remedies available to them. 

  
 67 

 Section 14.5 Dispute Resolution; Service of Process. 

(a) Except as provided in Section 13.6 and Section 14.4, 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 of such meeting, then, subject to the limitations on remedies set forth in
Section 12.3 and Section 12.4 and ARTICLE XIII, either Party may pursue whatever rights it has available under this Agreement, at law or in equity in accordance with
Section 14.6 herein. 
 (b) In the event of any dispute arising out of or relating to this Agreement, each Party
hereby consents to service of process made to the addressees set forth in Section 14.3 herein either by overnight delivery by a nationally recognized courier or by certified first class mail, return receipt requested, and
hereby acknowledges that service by such means shall constitute valid and lawful service of process against the Party being served. 

Section 14.6 Governing Law, Jurisdiction, Venue. THIS AGREEMENT SHALL BE GOVERNED BY AND INTERPRETED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAW OR OTHER PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION (OTHER THAN SECTION 5-1401 OF THE
NEW YORK GENERAL OBLIGATIONS LAW). THE PARTIES HEREBY IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK WITH RESPECT TO ANY DISPUTE ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING RELATING TO ANY SUCH DISPUTE AND FOR ANY COUNTERCLAIM
WITH RESPECT THERETO. 
 Section 14.7 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 (or portable document format) will be considered original signatures, and each Party shall thereafter promptly
deliver original signatures to the other Party. 
 Section 14.8 Interpretation. The article, 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 14.9 Entire Agreement. The Transaction Documents and the exhibits, schedules, documents, certificates and instruments
referred to therein, embody the entire agreement and understanding of the Parties in respect of the transactions contemplated by this Agreement. Each Party acknowledges that, in agreeing to enter into this Agreement, it has not relied on any

  
 68 

 
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 (a), might otherwise be available to it in respect of any such representation, warranty,
collateral contract or other assurance. 
 Section 14.10 Construction of Agreement. The terms and provisions of this Agreement
represent the results of negotiations between Buyer and Seller, 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 Buyer and Seller 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. 
 Section 14.11 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 14.12 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 14.13 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. For clarity, notwithstanding anything to the contrary herein, including Seller’s obligation to perform on behalf of Buyer certain of Buyer’s obligations under PPAs and Site Licenses,
neither Seller nor any of its employees, agents, subcontractors or representatives shall be considered an employee, agent, subcontractor or representative of, nor under the control of, Buyer under this Agreement. 

Section 14.14 Limitation on Export. Buyer agrees that it will not export, re-export,
resell, ship or divert directly or indirectly any Facility or any part thereof in any form or technical data or Software furnished hereunder to any country prohibited by the United States Government or any other Governmental Authority, or for which
an export license or other Governmental Approval is required, without first obtaining such license or approval. 
 Section 14.15
Time of Essence. Time is of the essence with respect to all matters contained in this Agreement. 

  
 69 

 Section 14.16 No Rights in Third Parties. Except as otherwise specified herein,
(a) nothing in this Agreement nor any action taken hereunder shall be construed to create any duty, liability or standard of care to any Person that is not a Party, (b) no Person that is not a Party shall have any rights or interest,
direct or indirect, in this Agreement or the services to be provided hereunder and (c) this Agreement is intended solely for the benefit of the Parties, and the Parties expressly disclaim any intent to create any rights in any third party as a
third-party beneficiary to this Agreement or the services to be provided hereunder. 
 Section 14.17 Amendment and Restatement of
Original PUMA. By their execution and delivery of this Agreement, the Parties hereby amend and restate in its entirety the Original PUMA. From and after the date hereof, (a) the Parties’ mutual understanding of each of the matters set
forth herein shall be governed by the terms of this Agreement, and (b) any reference to the Original PUMA in any other agreement(s) shall be understood to refer to this Agreement. 

[Remainder of page intentionally left blank] 

  
 70 

 IN WITNESS WHEREOF, Buyer and Seller have caused this First Amended and Restated Purchase, Use
and Maintenance Agreement to be signed by their respective duly authorized officers as of the Agreement Date. 
  

									
	BUYER:	 		 	SELLER:
			
	2016 ESA PROJECT COMPANY, LLC	 		 	BLOOM ENERGY CORPORATION
	 a Delaware limited liability company
	 		 	a Delaware corporation

									
					
	By:	 	 /s/ Eric Dupont
	 		 	By:	 	 /s/ Randy Furr

	Name: Eric Dupont	 		 	Name: Randy Furr
	Title: Chief Financial Officer	 		 	Title: Chief Commercial Officer

 [Signature Page to First Amended and Restated Purchase, Use and Maintenance Agreement] 

 Annex A 

Minimum Power Product Example Calculation 

Sample Performance Warranty Example Calculation 
  

									
	Assumptions	  				 			
	 Number of Facilities in Portfolio
	  	 	46	 	 			
	 System Capacity (per Facility)
	  	 	200	 	 	 	kW	 
	 Performance Warranty
	  	 	86	% 	 			
			
	Minimum Power Product Analysis	  				 			
			
	 Minimum Power Product
	  	 	7,912	 	 	 	kW	 
	
	 	 
			
	Sample Performance Guaranty Example Calculation	  				 			
			
	Assumptions	  				 			
	 Number of Facilities in Portfolio
	  	 	46	 	 			
	 System Capacity
	  	 	200	 	 	 	kW	 
	 Performance Warranty
	  	 	95	% 	 			
			
	Minimum Power Product Analysis	  				 			
			
	 Minimum Power Product
	  	 	8,740	 	 	 	kW	 
	 	 

  
 ANNEX A-1 

 Annex B 

Insurance 
 Insurance. At all times
during the Term, without cost to Buyer, Seller shall maintain in force and effect the following insurance, which insurance shall not be subject to cancellation, termination or other material adverse changes unless the insurer delivers to Buyer
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 or if notice from the insurer to Buyer of material adverse change
is not available on commercially reasonable terms then Seller shall provide Buyer with such notice as soon as reasonably possible after becoming aware of such change: 

(a) Worker’s Compensation Insurance as required by the laws of the state in which Buyer’s facilities are located; 

(b) Employer’s liability insurance with limits at policy inception not less than One Million Dollars ($1,000,000.00); 

(c) Commercial General Liability Insurance, including bodily injury and property damage liability (arising from premises, operations,
contractual liability endorsements, products liability, or completed operations) with limits not less than Two Million Dollars ($2,000,000.00) at policy inception; 

(d) If there is exposure, automobile liability insurance in accordance with prudent industry practice with a limit of not less than One
Million Dollars ($1,000,000.00), combined single limit per occurrence; 
 (e) Umbrella liability insurance acting in excess of underlying
employer’s liability, commercial general liability and automobile liability policies with limits not less than Fifteen Million Dollars ($15,000,000.00), except that any subcontractors shall be required to maintain such insurance with limits of
not less than Three Million Dollars ($3,000,000.00); 
 (f) Professional errors and omission insurance with a limit of not less than One
Million Dollars ($1,000,000.00) per occurrence; 
 (g) Environmental/pollution liability insurance with a limit of not less than One Million
Dollars ($1,000,000.00) per claim; 
 (h) All Risk property insurance on the Facilities, including Builder’s Risk/Installation
Coverage, with replacement costs and a delay in startup component; and 
 (i) Marine Cargo - Transit coverage (including air, land and ocean
cargo, as applicable) on an “all-risk” basis and a “warehouse to warehouse” basis with a per occurrence limit equal to not less than 110% of the value including transit and insurance of
such shipment involving the Facility at all times for which the Seller bears or has accepted risk of loss or has responsibility for providing insurance. Coverage shall include loading, unloading and temporary storage (as applicable). Coverage shall
be maintained in accordance with prudent industry practice in all regards with per occurrence deductibles of not more than $50,000 for physical damage and other terms and conditions acceptable to the Buyer. 

  
 ANNEX B-1 

 Seller shall cause Buyer to be included as additional insured to all insurance policies required in accordance
with the provisions of this Agreement except for worker’s compensation. The required insurance must be written as a primary policy not contributing to or in excess of any policies carried by Seller, and each must contain a waiver of
subrogation, in form and substance reasonably satisfactory to Buyer, in favor of Buyer. 
 The insurances contemplated in this clause are primary. The
Parties acknowledge that, if a claim is made under any of the insurances contemplated in this Agreement, it is their intention that the insurer cannot require the Party first to exhaust indemnities referred to in this Agreement before the
insurer’s obligation to perform is mature, subject to the insurer’s later pursuing subrogation, in which event any recovery will be credited by such insurer pro tanto in favor of the policyholder. The general liability and umbrella
liability insurances required by this agreement shall provide blanket contractual coverage to the full policy limit. Where applicable, each of these insurances will: 

(a) be effected with an insurer reasonably acceptable to Buyer; 

(b) contain a waiver of subrogation in favor of Buyer; 

(c) contain deductibles in accordance with prudent industry practice and approved by Buyer acting reasonably; and 

(d) include a provision that such insurance is primary insurance with respect to the interests of Buyer and Seller and that any other
insurance maintained by Buyer is excess and not contributory insurance with the insurances required under this Agreement. 
 Seller shall provide
Buyer with evidence of compliance with these insurance requirements when requested by Buyer from time to time on a reasonable basis. 

  
 ANNEX B-2 

 Annex C 

Capacity Warranty Claim Example Calculation and Amounts Payable 

Quarterly Performance Warranty Claim Example Calculation 

 

									
	Assumptions	  				 			
	 Number of Systems
	  	 	46	 	 			
	 System Capacity
	  	 	200	 	 	 	kW	 
	 Hours/Day
	  	 	24	 	 	 	Hours	 
	 Measurement Period
	  	 	90	 	 	 	Days	 
	 Force Majeure Outage in Period(1)
	  	 	5	 	 	 	Hours	 
	 PPA Customer Outage in Period(1)
	  	 	0	 	 	 	Hours	 
	 Legal/Grid Outage in Period(1)
	  	 	0	 	 	 	Hours	 
	 Battery Solution Outage in Period(1)
	  	 	0	 	 	 	Hours	 
	 Starting Performance Warranty Bank Balance
	  	 	3,985,900	 	 	 	kWh	 
			
	Quarterly Performance Warranty Analysis	  				 			
	Minimum kWh(2)	  	 	17,050,360	 	 	 	kWh	 
	Actual kWh	  	 	15,500,160	 	 	 	kWh	 
	Underperformance (kWh)	  	 	1,550,200	 	 	 	KWh	 
			
	Performance Warranty Bank Adjustment	  				 			
	Starting Balance	  	 	3,985,900	 	 	 	kWh	 
	Debit	  	 	(1,550,200	) 	 	 	kWh	 
	Ending Balance	  	 	2,435,700	 	 	 	kWh	 
			
	Quarterly Performance Warranty Claim?	  	 	NO	 	 			

			
		
	(1)	  	As defined by “Minimum kWh.”
		
	(2)	  	Minimum kWh = ((Measurement Period Days * 24 Hours/Day) - Force Majeure Hours - PPA Customer Outage Hours - Legal/Grid Outage Hours Battery Solution Outage Hours) * Minimum Power Product(3)
		
	(3)	  	As calculated per Annex A.

  
 ANNEX C-1 

 Annual Performance Guaranty Claim Example Calculation 

Assumptions 
  

									
	 Number of Systems
	  	 	46	 	 			
			
	 System Capacity
	  	 	200	 	 	 	kW	 
			
	 Hours/Day
	  	 	24	 	 	 	Hours	 
			
	 Measurement Period
	  	 	354	 	 	 	Days	 
			
	 Force Majeure Outage in Period(1)
	  	 	5	 	 	 	Hours	 
			
	 PPA Customer Outage in Period(1)
	  	 	0	 	 	 	Hours	 
			
	 Legal/Grid Outage in Period(1)
	  	 	0	 	 	 	Hours	 
			
	 Battery Solution Outage in
Period(1)
	  	 	0	 	 	 	Hours	 
			
	 Performance Guaranty Payment Rate
	  	$	[	***] 	 	 	/kWh	 
			
	 Starting Performance Guaranty Bank Balance
	  	 	2,508,000	 	 	 	kWh	 

 Annual Performance Guaranty Analysis 
  

							
	 Minimum kWh(2)
	  	 	76,518,700	 	  	kWh
	 Actual kWh
	  	 	72,532,800	 	  	kWh
	 Underperformance (kWh)
	  	 	3,985,900	 	  	kWh

 Performance Guaranty Bank Adjustment 
  

							
	 Starting Balance
	  	 	2,508,000	 	  	kWh
	 Debit
	  	 	(3,985,900	) 	  	kWh
	 Ending Balance
	  	 	(1,477,900	) 	  	kWh
			
	 Performance Guaranty Payment(4)
	  	 	$ [***]	 	  	

 Notes: 
  

	(1) 	As defined by “Minimum kWh.” 

  

	(2) 	Minimum kWh = ((Measurement Period Days * 24 Hours/Day) Force Majeure Hours PPA Customer Outage Hours Legal/Grid Outage Hours - Battery Solution Outage Hours) * Minimum Power Product(3) 

  

	(3) 	As calculated per Annex A. 

 [***] Confidential Treatment Requested 

  
 ANNEX C-2 

 Performance Guaranty Payment = (absolute value of Performance Guaranty Bank ending
balance) * (Performance Guaranty Payment Rate). Following such payment, the Performance Guaranty Bank balance is increased to zero. 

  
 ANNEX C-3 

 Annex D 

List of PPAs 
 Updated
as of: June 26, 2017 
  

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

 

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

 

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

 

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

 

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

  

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

 

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

 

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

 

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

  
 [***] Confidential Treatment Requested

 ANNEX D-1 

 Exhibit A 

Specifications 
 For the Battery
Solution: 
 Energy storage [***]: [***]W-hours of beginning of life capacity. A typical Home Depot installation might use [***] for [***]kW- hours of beginning of life capacity in order to achieve contract targets of [***] kW-hours. 

Power discharge [***]: [***]kW per [***]; [***]kW per [***]. A typical Home Depot installation will have a [***]kW discharge capability. 

Power charge [***]: [***]kW per [***]; [***]kW per [***]. A typical Home Depot installation will have a [***]kW charge capability. 

Cabinet dimensions: The team will work to find the most space efficient solution. A cabinet which holds
[***]kW-hours of storage and associated power electronics and air handling would have approximate dimension of: 36” in depth; 42” in width and 96” in height. 

Cabinet environmental rating: Outdoor rated; [***]° C to [***]° C. 

For the Bloom Systems 
 System Capacity:
Configuration-dependent. Each Facility will be composed of an appropriate number of Bloom Systems in order to achieve the desired System Capacity. 

Electrical Connection: 480 V, 3-phase, 60 Hz 

Fuels: Natural Gas, Directed Biogas  
 Input
Fuel Pressure: 10-18 psig (15 psig nominal)  
 Water: None during normal operation 

NOx: < 0.01 lbs/MWh  
 Sox: Negligible
 
 CO: < 0.05 lbs/MWh  
 VOCs:
< 0.02 lbs/MWh 
 Weight: 14.3 tons  

Dimensions (variable layouts): 14’9” x 8’9” x 7’ or 29’6” x 4’5” x 7’5” 

Temperature Range: -20° to 45° C  

Humidity: 0% to 100% 
 Location: Outdoor 

 Noise: < 70 dBA @ 6 feet 

  
 [***] Confidential Treatment Requested

 Exhibit A-1 

 Exhibit B 

Form of Bill of Sale 
 BILL
OF SALE 
 This BILL OF SALE, dated as of [  ] [  ], 201_ is made by BLOOM ENERGY CORPORATION, a Delaware corporation
(“Seller”), to 2016 ESA PROJECT COMPANY, LLC, a Delaware limited liability company (“Buyer”), and is delivered pursuant to the Purchase, Use and Maintenance Agreement, dated as of October 24, 2016, and amended
and restated as of June 26, 2017 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “PUMA”), between Seller and Buyer, in connection with the transfer of the assets described on Exhibit
A attached hereto (the “Purchased System”). 
 Seller hereby assigns, conveys, sells, delivers, sets over and transfers to
Buyer, for the consideration, and on the terms and conditions, set forth in the PUMA, all of Seller’s rights, title and interest in, under and to the Purchased System, and Buyer hereby accepts such assignment . 

This Bill of Sale shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 

This Bill of Sale shall be governed by, and construed in accordance with, the laws of the State of California. 

[Signature Page Follows] 

[Note to Draft: To be revised as appropriate when used in connection with return of Facilities to Bloom] 

  
 Exhibt B-1 

 IN WITNESS WHEREOF, the parties hereto have caused this Bill of Sale to be signed by their
respective duly authorized officers as of the date first written above. 
  

					
		 	SELLER:
		
		 	BLOOM ENERGY CORPORATION

					
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

					
		 	BUYER:
		
		 	2016 ESA PROJECT COMPANY, LLC

					
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

  
 Exhibit B-2 

 Attachment A to Bill of Sale 

Purchased System 

  
 Exhibit B-3 

 Exhibit C 

Seller Deliverables 

Seller shall develop a comprehensive design package consisting of drawings generated in AutoCAD. Design package to accompany appropriate
information necessary to support the design and equipment specifications. The drawing package shall consist of the following, as applicable to the scope of work. 

Seller shall submit the items listed below prior to or at the Commencement of Operations: 

 

	1.	“Issued for Construction Drawing Set” (each of the below delivered, as appropriate and necessary given site design): 

  

	 	a.	Cover sheet 

  

	 	b.	Work site plan (work site and general arrangement drawings) 

  

	 	c.	Grading and drainage plan 

  

	 	d.	Soil erosion and sediment control 

  

	 	e.	Foundation plans and details 

  

	 	f.	Structural plans, details and elevation 

  

	 	g.	[***] 

  

	 	h.	Single-line electrical diagrams 

  

	 	i.	Electrical schematic diagrams 

  

	 	j.	[***] 

  

	 	k.	Network Architecture Drawings 

  

	 	l.	Power and control wiring 

  

	 	m.	Grounding plans 

  

	 	n.	Lightning and surge protection drawings 

  

	 	o.	Wiring Diagrams 

  

	 	p.	Bloom Equipment Specifications 

  

	 	q.	Electrical schematic diagrams 

  

	 	r.	[***] 

  

	 	s.	I/O list 

  

	2.	Example screenshot to be delivered by Seller, with details on sample shown below: 

  

	[***]	

 Seller shall submit the items listed below on or before ninety (90) days following the Commencement of
Operations: 
  

	1.	Third party vendor drawings ([***] battery specifications and drawings to be provided by PowerSecure if applicable) 

  

	2.	Safety Documentation for Bloom Personnel and Subcontractors 

  

	3.	Final OSHA/Cal-OSHA 300Log (not required to be organized by Site) 

[***] Confidential Treatment Requested 

  
 Exhibit C-1 

	4.	Final Incident Reports (to include First Aid logs, Final Root Cause Analysis Reports, and Final Near Miss Reports) 

  

	5.	Quality Documentation for Construction activities (if applicable) 

  

	6.	As-built drawings 

  

	7.	Permitting documentation 

 Seller will prepare in individually organized volumes of the Seller Deliverables and
deliver to Buyer for Buyer’s approval two sets of such required manuals. Seller will prepare and deliver to Buyer two (2) electronic copies on CDs or USB flash drive, at least one of such copy will be in native format (if available to
Seller) to allow Buyer subsequently to modify or update the same. Seller shall transfer Seller Deliverables to Buyer and they shall become the sole property of Buyer. 

  
 Exhibit C-2 

 Exhibit D 

Form of Payment Notice 
  

	To:	2016 ESA PROJECT COMPANY, LLC (Buyer) 

 This Payment Notice, dated
        , 201    , is given pursuant to Section 2.4(c) of the Purchase, Use and Maintenance Agreement between the BLOOM ENERGY CORPORATION (Seller) and
Buyer dated October 24, 2016, and amended and restated as of June 26, 2017 (as amended, amended and restated, supplemented or otherwise modified from time to time, the PUMA). Terms defined in the PUMA have the same meaning where
used in this Payment Notice. 
 Seller hereby notifies Buyer that, in connection with the Invoice Due Date occurring on
        , 201    , Buyer shall be obligated to make Purchase Price payments to Bloom in the aggregate amount of $        . 

The Purchase Price to be paid by Buyer on the above-mentioned Invoice Due Date is comprised of the following amounts: 

 

	1)	$         of Purchase Price payments for a Tranche composed of Facilities with aggregate System Capacity     kW, which amount equals [***] percent ([***]%) of
the aggregate Purchase Price for the Facilities included in such Tranche. 

  

	2)	$         of Purchase Price payments in connection with the Shipment of the final Bloom System to be installed in Facilities with aggregate System Capacity of
     kW, which amount represents [***] percent ([***]%) of the Purchase Price for those Facilities that have Shipped and were included in a Tranche for which Buyer has previously made a Purchase Price payment, plus 100% of the
Purchase Price Adder(s) applicable to such Facilities, if any. 

  

	3)	$         of Purchase Price payments in connection with the Shipment of the final Bloom System to be installed in Facilities with aggregate System Capacity of
     kW, which amount represents [***] ([***]%) of the Purchase Price for those Facilities that have Shipped and were not included in a Tranche for which Buyer has previously made a Purchase Price payment, plus 100% of the
Purchase Price Adder(s) applicable to such Facilities, if any. 

  

	4)	$         of Purchase Price payments in connection with the Commencement of Operations of Facilities with aggregate System Capacity of      kW, which amount
represents, [***] ([***]%) of the Purchase Price for such Facilities, plus one hundred percent (100%) of the Taxes to be paid by Buyer pursuant to Section 2.3(c) for such Facilities. 

 

  
 [***] Confidential
Treatment Requested 
 Exhibit D-1 

 Included with this Payment Notice is supporting documentation (i.e., Seller’s Deposit
Milestone Certificates, bills of lading and Seller’s Certificates of Installation) evidencing the achievement of all applicable Milestones achieved by the Tranche and/or Facilities referenced above. 

Seller hereby certifies that each of the representations and warranties of Seller in the PUMA is true and correct in all respects as of the
date of this Payment Notice. 
 This Payment Notice may be relied upon by Buyer. 

Signed for and on behalf of BLOOM ENERGY CORPORATION 
  

			
	By:	 	  

		
	Name:	 	
		
	Title:	 	

  
 Exhibit D-2 

 Exhibit E 

Form of Purchase Order 
  

 

  
 Exhibit E-1 

 Exhibit F 

Form of Seller’s Deposit Milestone Certificate 
  

	To:	2016 ESA PROJECT COMPANY, LLC (Buyer) 

 This Deposit Milestone Certificate, dated
        , 201    , is given pursuant to paragraph (c) of the definition of Deposit Milestone Requirements in the Purchase, Use and Maintenance Agreement between the BLOOM ENERGY CORPORATION
(Seller) and Buyer dated October 24, 2016, and amended and restated as of June 26, 2017 (as amended, amended and restated, supplemented or otherwise modified from time to time, the PUMA). 

Terms defined in the PUMA have the same meaning where used in this Certificate. 

This certificate is provided in respect of a Tranche with aggregate System capacity of      kW (the “Subject Tranche”).

 Seller hereby certifies that in respect of the Subject Tranche: 

(1) Seller, on Buyer’s behalf, has received approval of site plans and single-line drawings from one or more PPA Customers for Facilities
with aggregate System Capacity equal to or greater than the aggregate System Capacity of such Subject Tranche (and all previously-invoiced Tranches); 

(2) Seller has received all materials required for the commencement of fabrication of Bloom Systems with aggregate System Capacity equal to or
greater than the aggregate System Capacity such Subject Tranche, and all materials required as of such time to allow for completion of such fabrication in order to achieve Commencement of Operations of such Facilities (and all previously-invoiced
Tranches) within ninety (90) days hereof; and 
 (3) Each of the representations and warranties of Seller in the PUMA is true and
correct in all respects as of the date of this Seller’s Deposit Milestone Certificate. 

  
 Exhibit F-1 

 This Deposit Milestone Certificate may be relied upon by Buyer. 

Signed for and on behalf of BLOOM ENERGY CORPORATION 
  

			
	By:	 	  

		
	Name:	 	
		
	Title:	 	

  
 Exhibit F-2 

 Exhibit G 

Form of Tranche Notice 
  

	To:	2016 ESA PROJECT COMPANY, LLC (Buyer) 

 This Tranche Notice, dated
        , 201    , is given pursuant to Section 2.2 of the Purchase, Use and Maintenance Agreement between the BLOOM ENERGY CORPORATION (Seller) and Buyer dated October 24, 2016,
and amended and restated as of June 26, 2017 (as amended, amended and restated, supplemented or otherwise modified from time to time, the PUMA). Terms defined in the PUMA have the same meaning where used in this Tranche Notice. 

Seller hereby notifies Buyer that Seller expects that Facilities with aggregate System Capacity of     kW will be included
in a Tranche that Seller reasonably expects will satisfy the applicable Deposit Milestones in such the [1st / 2nd / 3rd / 4th ] Calendar Quarter of 201    . 

Seller hereby certifies that, as of the date of this Tranche Notice, no Seller Default has occurred and is continuing under the PUMA. 

This Tranche Notice may be relied upon by Buyer. 

Signed for and on behalf of BLOOM ENERGY CORPORATION 
  

			
	By:	 	  

		
	Name:	 	
		
	Title:	 	

  
 Exhibit G-1 

 Exhibit H 

Form of Seller’s Certificate of Installation 
  

	To:	2016 ESA PROJECT COMPANY, LLC (Buyer) 

 This Certificate is given pursuant to paragraph (e) of the
definition of Commencement of Operations in the Purchase, Use and Maintenance Agreement between the BLOOM ENERGY CORPORATION (Seller) and Buyer dated October 24, 2016, and amended and restated as of June 26, 2017 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the PUMA). 
 Terms defined in the PUMA have the same meaning where used
in this Certificate. This certificate is provided in respect of the Facility(ies) set forth on Exhibit A hereto. 
 Seller hereby certifies that in
respect of each Facility: 
  

	1.	Each Bloom System comprising the Facility has been installed, commissioned and tested in accordance with the Performance Standards and all other requirements of the PUMA; 

 

	2.	Seller has performed and successfully completed all necessary acts under the applicable Interconnection Agreement (including performance testing) and has obtained permission from the applicable Person granting Buyer
permission to interconnect such Facility with the distribution or transmission facilities of the Transmitting Utility; 

  

	3.	All BOF and BOF Work necessary for the operation of the Facility has been installed, commissioned and tested in accordance with the Performance Standards and all other requirements of the PUMA; and 

 

	4.	Each of the representations and warranties of Seller in the PUMA is true and correct in all respects as of the date of this Seller’s Certificate of Installation. 

Exhibit H-1 

 This Certificate may be relied upon by Buyer. 

Signed for and on behalf of BLOOM ENERGY CORPORATION 
  

			
	By:	 	  

	Name:	 	
	Title:	 	

 Exhibit H-2 

 ATTACHMENT A 

COMPLETED FACILITIES 

Table 1 

Facility List 
  

							
	 Serial No.
	  	 Location of Facility
	  	 Unit

Model
	  	
System Capacity
(kW-AC)

		  		  		  	

 Exhibit H-3 

 Exhibit I 

[Reserved] 
 Exhibit I-1

 Exhibit J 

Seller Corporate Safety Plan 
 Seller will
maintain and adhere to a Seller Corporate Safety Plan at all times during the term of this Agreement. Such plan will be maintained, in writing, at Seller corporate headquarters and will include, without limitation programs with respect to: 

 

	 	•	 	Contractor Environmental Health & Safety Program 

  

	 	•	 	Contractor Environmental Health & Safety Program 

  

	 	•	 	Injury and Illness Prevention Program 

  

	 	•	 	Heat Illness Prevention Program 

  

	 	•	 	Emergency Action and Fire Prevention Plan 

  

	 	•	 	Hazard Communication Program 

  

	 	•	 	Corporate Electrical Standard – Specific Electrical Safe Work Practices 

  

	 	•	 	Electrical Safety Awareness 

  

	 	•	 	Lockout/Tagout 

  

	 	•	 	Fall Protection Program (Working at Heights) 

  

	 	•	 	Ladder Safety Program 

  

	 	•	 	Powered Industrial Trucks (PIT) 

  

	 	•	 	Hoist Safety Program 

  

	 	•	 	Personal Protective Equipment (PPE) 

  

	 	•	 	Respiratory Protection Program 

  

	 	•	 	Hearing Conservation Program 

  

	 	•	 	Hand and/or Powered Tools Safety Program 

  

	 	•	 	Hot Work Process 

  

	 	•	 	First Aid / CPR Program 

 Exhibit J-1 

 Exhibit K 

Subcontractor Quality Plan 

Seller will adhere to the following standards and processes as applicable when engaging subcontractors for performance under this Agreement.

  

	 	•	 	General contractors will be subject to the terms and conditions set forth in The American Institute of Architects Document A107 – 2007 as amended in certain cases 

 

	 	•	 	General contractors are required to complete a Bloom Energy Contractor Qualification Training Program 

  

	 	•	 	General contractor superintendents and foremen must be certified and qualified by Seller to be on site 

  

	 	•	 	Standard safety protocols will be observed at all times: 

  

	 	•	 	Site superintendents are OSHA30 certified 

  

	 	•	 	Seller superintendents ensure general contractors follow all local and state OSHA and owner requirements 

  

	 	•	 	Confirmation of “Injury and Illness Prevention Program” 

  

	 	•	 	Seller included in the ISN program – 3rd party safety evaluation 

  

	 	•	 	A project superintendent assigned by Seller will review subcontractor work according to a standard site verification check list 

  

	 	•	 	Contractors will submit Contractor Quality Guarantees for each site providing written verification of points of assurance including torques per site, Megger testing and line flushing 

 

	 	•	 	Prestart verification conducted for all sites to review and confirm the quality of subcontractor work 

  

	 	•	 	Prior to commencement of operations, Seller conducts an “OK to Start” meeting during which subcontractor quality of work is reviewed and confirmed as resolved 

 

	 	•	 	All incidents are logged in a database and reviewed on an ongoing basis by Seller quality management as well as at the OK to Start meeting 

 

	 	•	 	Quarterly business reviews conducted with general contractors to formally review incident data and mitigate process and workmanship issues. 

Exhibit K-1 

 Exhibit L 

[Reserved] 
 Exhibit L-1

 Exhibit M 

Parties’ Managers and Service Fees 

Seller’s Initial Operations Manager: [***]  

Buyer’s Initial Buyer Manager: [***]  

Service Fees: 
  

					
	 Calendar Months since

Commencement of Operations

for the applicable Facility
	  	Rate
($/kW)	 
	 1 through 12
	  	$	[	***] 
	 12 through 24
	  	$	[	***] 
	 25 through 36
	  	$	[	***] 
	 37 through 48
	  	$	[	***] 
	 49 through 60
	  	$	[	***] 
	 61 through 72
	  	$	[	***] 
	 73 through 84
	  	$	[	***] 
	 85 through 96
	  	$	[	***] 
	 97 through 108
	  	$	[	***] 
	 109 through 120
	  	$	[	***] 
	 121 through 132
	  	$	[	***] 
	 133 through 144
	  	$	[	***] 
	 145 through 156
	  	$	[	***] 
	 157 through 168
	  	$	[	***] 
	 169 through 180
	  	$	[	***] 
	 181 through 192
	  	$	[	***] 
	 193 through 204
	  	$	[	***] 
	 205 through 216
	  	$	[	***] 
	 217 through 228
	  	$	[	***] 
	 229 through 240
	  	$	[	***] 

 In addition, Services Fees for such Facility shall be increased by an amount equal to $[***]/kWh per month for months 1
through 180 and $[***]/kWh per month for months 181 through 240 of rated capacity of the Battery Solution if such Facility includes a Battery Solution. 

[***] Confidential Treatment Requested 
 Schedule
3.3 

 In addition, from and after the [***] ([***]) calendar month after Commencement of Operations for a Facility,
Services Fees for such Facility shall be increased by an amount equal to: 
  

	-	$[***] per AOM per calendar month; 

  

	-	$[***]/kW of System Capacity per calendar month if such Facility includes a Low- Pressure Gas Booster; 

 

	-	$[***] per UPM per calendar month if such Facility includes UPM(s) but no AOM(s); 

  

	-	$[***] per UPM per calendar month if such Facility includes UPM(s) and AOM(s). 

 [***] Confidential Treatment
Requested 
 Exhibit L-2 

 SCHEDULE 3.3 

DESIGN AND INSTALLATIONS PROCEDURES 

Seller will perform the following activities in connection with the design and installation of each Facility, to the extent necessary to cause
such Facility to achieve Commencement of Operations: 
  

	 	•	 	Initial site visits and studies to assess site suitability, including but not limited to due diligence research with local Authorities Having Jurisdiction (AHJs) and utilities, site load validation, and utility locates.
When necessary, title reports may be pulled, gas composition may be tested, and geotechnical studies may also be done. 

  

	 	•	 	Produce a complete set of construction drawings, either internally or in conjunction with an external design firm, in accordance with: local, state, and national codes; local electric and gas utility requirements; and
site-specific or host customer requirements. 

  

	 	•	 	Procure all necessary permits and/or approvals as required by the local AHJs, including but not limited to Planning, Building, and Fire Departments. 

 

	 	•	 	Secure technical approval to interconnect with the local electric utility, and coordinate the electric interconnection agreement between the host customer and the local utility. 

 

	 	•	 	Engage the local gas utility to design the gas interconnection approach, and coordinate the gas contract for gas delivery to the Bloom system between the host customer and the local utility. 

 

	 	•	 	Secure a general contractor to build the site as designed, obtain final building department sign-off, and pass any other required inspections. Provide Bloom Energy-trained site
supervision at key milestones during the construction process to ensure smooth inspections and a positive host customer experience. 

  

	 	•	 	Perform system commissioning once construction is complete and inspections are passed, ensuring the systems operate as intended and reach full power. Remedy any issues preventing full power prior to turning operation
over to Bloom’s Service team. 

  

	 	•	 	Act as the interface with the host customer, securing all necessary design approvals and site access permissions, as well as coordinating construction schedules. Ensure primary personnel responsible for interfacing with
Bloom’s system are educated in safety procedures. Deliver customer manuals and emergency procedures to the customer upon project completion, as well as any other close-out documentation required by the
contract 

 Exhibit L-3 

 SCHEDULE 3.4 

COMMISSIONING PROCEDURES 

Seller will perform the following activities in connection with the commissioning of each Facility, to the extent necessary to cause such
Facility to achieve Commencement of Operations: 
  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***]: 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

  

	 	•	 	[***] 

 [***] Confidential Treatment Requested 

Schedule 3.4 

 SCHEDULE 4.2 

OPERATION AND MAINTENANCE PROCEDURES 

Seller will perform the following operation and maintenance activities for each Facility, to the extent necessary to cause such Facility to
perform in accordance with the Warranty Specifications: 
  

	 	•	 	Annual maintenance activities: 

  

	 	•	 	Check Surge Protection Device and replace as necessary 

  

	 	•	 	Replace main blower filter element 

  

	 	•	 	Replace AC unit filter element if applicable 

  

	 	•	 	Replace auxiliary blower filter element 

  

	 	•	 	Remove any debris and vacuum inside of each cabinet 

  

	 	•	 	Remove any debris from the exterior of cabinets 

  

	 	•	 	Check all FCM hotbox enclosures for any leaking or cracks 

  

	 	•	 	Replace door filters 

  

	 	•	 	NG conditioning canister replacement 

  

	 	•	 	Site obligations: 

  

	 	•	 	An e-mail announcement of a service appointment will be sent to address(es) specified by the client informing of a service visit in advance of a service visit 

 

	 	•	 	Field Service personnel will sign in at a security office as required by client 

  

	 	•	 	Field Service personnel will safely and securely maintain and repair the systems as needed in accordance with our established and released procedures 

 

	 	•	 	Bloom HR and EH&S will work with clients to fulfill requirements for certification of drug testing, training, and other Environmental Health & Safety (EH&S) procedures 

 

	 	•	 	Site visit protocols: 

  

	 	•	 	Works with customers and Product Development to resolve issues 

  

	 	•	 	Provides detailed documentation for each maintenance element performed 

  

	 	•	 	Inspection of installed equipment to ensure peak performance 

  

	 	•	 	Inspection of all components to ensure proper operation within product and environmental specifications 

  

	 	•	 	Clearly and professionally interact with customer regarding status of site visits, performance of their systems and general fuel cell education 

 

	 	•	 	Spare Parts 

  

	 	•	 	Bloom Energy Product Support maintains a list of all spare parts including field replaceable units (FRUs) and consumables for each of its commercial products 

Schedule 4.2-1 

	 	•	 	Spare parts are stocked in localized third party logistics depots in each service zone 

  

	 	•	 	The most common and most critical parts are stocked in each local depot and replenished on a weekly schedule 

  

	 	•	 	Parts not stocked in localized depots are dispatched from our Milpitas, CA warehouse via FedEx or other carriers and couriers 

  

	 	•	 	Failure Response Protocol: 

  
 

 
  

	 	•	 	Emergency Response Protocol: 

  

	 	•	 	Contact lists of BE personnel to be contacted during normal business hours and during off hours (24-7-365 emergency escalation path) are
provided for each region where Energy Servers are located in order to remedy situations posing a risk to persons or property 

  

	 	•	 	Remote shutdown from Bloom RMCC if required 

  

	 	•	 	Emergency power off button provided onsite 

  

	 	•	 	Remote monitoring: 

  

	 	•	 	24/7/365 performance monitoring and control of fleet 

  

	 	•	 	1st level troubleshooting 

  

	 	•	 	Cross-functional interface with engineering, software, controls, quality 

  

	 	•	 	Optimize performance 

  

	 	•	 	Support new customer site start-ups 

  

	 	•	 	Customer performance analysis daily 

  

	 	•	 	Standards Compliance: 

  

	 	•	 	Complies with Rule 21 interconnection 

  

	 	•	 	ANSI/CSA FC 1: Stationary Fuel Cell Power Systems Safety 

  

	 	•	 	IEEE 1547 Standard for Interconnecting Distributed Resources with Electric Power Systems 

  

	 	•	 	NFPA 853 The Standard for Installation of Stationary Fuel Cell Power Systems 

  

	 	•	 	NFPA 70 The National Electrical Code 

  

	 	•	 	NFPA 54 The National Fuel Gas Code 

  

	 	•	 	Subcontracted Services. The following may in some cases be performed by subcontractors: 

Schedule 4.2-2 

	 	•	 	Water DI system replenishment 

  

	 	•	 	STS and transfer switch maintenance and repair 

  

	 	•	 	Some annual maintenance and upgrade work 

  

	 	•	 	Filter delivery, replacement, removal 

  

	 	•	 	High Voltage transformer and switchgear maintenance 

  

	 	•	 	Circuit breaker and similar maintenance 

  

	 	•	 	Battery replacement 

  

	 	•	 	Some fuel cell module performance upgrades 

  

	 	•	 	NG conditioning canister replacement 

  

	 	•	 	Management Staff: 

  

	 	•	 	Customer Installations Group (CIG) Turnkey design, engineering, procurement, permitting and installation 

  

	 	•	 	Services Commissioning, operations and monitoring of servers 

  

	 	•	 	Customer Experience Interface with customer 

  

	 	•	 	PPA Operations Certain administrative duties 

  

	 	•	 	All Energy Servers are instrumented to securely record over 1000 data points per server and stored in a Data Historian that resides in a Secure Co-located Data Center and Backed
Up for data recovery 

  

	 	•	 	CIG and Service employees are subject to drug tests, background checks and other screening protocols based on customer site requirements 

 

	 	•	 	Bloom Energy maintains a Code of Safe Practices and ensures that copies are provided to all applicable field service technicians and includes: 

 

	 	•	 	Injury and illness prevention program 

  

	 	•	 	Required Personal Protection Equipment (PPE) 

  

	 	•	 	Corporate EH&S Standard 

  

	 	•	 	Proper use of Powered Industrial Trucks 

  

	 	•	 	Contracted Crane Operations 

  

	 	•	 	Ladder safety program 

  

	 	•	 	Electrical Safety and Lock-Out Tag-Out (LOTO) 

  

	 	•	 	Fall protection 

  

	 	•	 	First Aid/CPR program 

  

	 	•	 	Contractor EH&S program 

  

	 	•	 	Bloom Energy Safety Commitment 

 Schedule 4.2-3 

 SCHEDULE 4.6 

APPROVED MAJOR SERVICE PROVIDERS 

Core States Group / CoreStates, Inc. 
 3401 Centre Lake
Drive Suite 330 
 Ontario, CA 91761 
 909.467.8907 

www.core-eng.com 

Newco Construction of America, Inc. 
 17830 Front Street

 Mount Dora, FL 32757 
 352-735-3877 
 www.newcoconstruction.com 

PacifiCore Construction 
 1342 Bell Ave Suite 3A

 Tustin, CA 91780 
 657-859-40505 
 www.pacificoreconstruction.com 

Rubicon Professional Services 
 107 Tindall Road Suite #11

 Middletown, NJ 07748 
 732-832-2975 
 www.RubiconPS.com 
  

  
 Schedule 4.6

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