Document:

Exhibit 10.26

 

Master Sales Cooperation Agreement (2021)

  

between

 

Siemens Industry, Inc. – Smart Infrastructure

 

with its principal place of business at 100 Technology
Drive, Alpharetta GA 30005

 

- hereinafter referred to as “Siemens”
-

 

and

 

Fluence Energy, LLC

 

with its principal place of business at 4300 Wilson
Blvd., #1100, Arlington VA 22203

 

- hereinafter referred to as “Fluence”
-

  

- Siemens and Fluence hereinafter referred to individually

as “Party” or collectively as “Parties”

 

     

    2 

    

 

Article 1 -
Purpose

 

		1.1	Fluence is a company providing battery energy storage solutions (“BESS”) and related services
for the installation, commissioning, operation and maintenance of BESS products in an industrial environment.

 

		1.2	Siemens is a company providing products, services and solutions to the buildings and energy markets and
also intending to provide its customer base with BESS as part of larger solutions.

 

		1.3	Siemens, as a major shareholder of Fluence, has an interest that
Fluence further succeeds in addressing its markets.

 

		1.4	The Parties previously entered into a January 1, 2018 Master Sales Cooperation Agreement (“Initial
MSCA”) for the intent of cooperating to ensure meeting customer demands, timely delivery of high-quality BESS and related service
and effective order planning and processing. In order to accelerate the adoption of energy storage in the market and to leverage Siemens’
extensive sales reach, Fluence is using Siemens sales organizations and customer relationships in some countries to bring Fluence’s
BESS to Siemens customers as well as working together to assist Siemens in offering BESS as part of a larger solution. Fluence benefits
from the extensive global sales reach of Siemens and its established customer relationships.

 

		1.5	The Parties agree that the Initial MSCA is terminated effective as of the date of the signing of this
Master Sales Cooperation Agreement (“MSCA 2021”) and that this MSCA 2021 replaces the Initial MSCA in its entirety.

 

		1.6	Each Party shall endeavor to provide the other Party with information reasonably required for the purpose
of the MSCA 2021.

 

Article 2 - Scope

 

		2.1	The Parties intend to cooperate and to deliver
value to each of the Parties’ customers ("Cooperation"). It is the objective of the Parties to benefit from this Cooperation
by expanding their individual capabilities, making use of their combined capabilities, and achieving synergies where possible. 

 

(1) The Parties intend to continue and
further grow their mutual supplier relationship in accordance with the Storage Core Frame Purchase Agreement and the Equipment and Services
Purchase Agreement (both dated January 1, 2018), as the same may be amended from time to time.

 

(2) Siemens intends to support
Fluence in a potential usage of the Siemens sales organization worldwide. The specific support any Siemens affiliate can provide,
and related terms of support (including potential commission), will be defined by a country specific agreement and/or project
related agreements. Those agreements are expected to include arrangements covering among others: Dedicated Siemens resources,
services (e.g. grid studies) and equipment deliveries, Siemens commission rates and expectations for Fluence.

 

     

    3 

    

 

		2.2	Special Cooperation sales models between the Parties (e.g. consortium approach) shall be defined on a
project specific basis.

 

		2.3	The decision to pursue any specific project or transactions under any of the agreements shall be made
independently and at the sole discretion of the Parties.

 

		2.4	Any Cooperation activities are non-exclusive and are always subject to all applicable antitrust laws.
The Parties will continuously review with their antitrust experts whether the intended sharing of project leads is admissible under the
applicable antitrust laws before discussing any opportunities with each other.

 

Article 3 - Legally binding
provisions

 

		3.1	The Parties shall not be legally committed to provide any Cooperation activities as described in Article
2 above. The Parties will in their sole discretion decide whether to provide the Cooperation activities and in their sole discretion decide
upon the length of time that it will offer the Cooperation activities. Neither Party will be liable for deciding not to provide Cooperation
activities nor for deciding to cease providing Cooperation activities.

 

		3.2	Each Party shall bear its own internal and external costs related to drafting and execution of this MSCA
2021.

 

		3.3	Neither Party shall have grounds for any claim under any theory of law (including, without limitation,
claims for damages and cost reimbursement) against the other Party as it relates to this MSCA 2021.

 

		3.4	Each Party shall treat the negotiations and the contents of this MSCA 2021 as confidential unless the
other Party gives its prior written consent to the disclosure of such information to a third-party. This confidentiality obligation shall
not apply to information which is generally known, which can be shown to have been independently developed by the recipient, or which
has been acquired from a third party without nondisclosure obligation to the disclosing Party. This obligation shall likewise not apply
to the extent a Party is required by statutory regulations, governmental orders, legal process or stock exchange requirements to reveal
this MSCA 2021 or any of the information such Party has obtained. This obligation shall survive the term of this MSCA 2021 for a period
of three (3) years.

 

		3.5	The substantive law governing this MSCA 2021 shall be that of the State of Delaware.

 

     

    4 

    

 

		3.6	Modifications to this MSCA 2021 shall only be valid if made in writing. The requirement of the written
form can itself only be waived in writing.

 

		3.7	This MSCA 2021 shall become effective upon signature by all Parties and will continue in effect until
December 31, 2022 (“Initial Term”). The MSCA 2021 shall automatically extend by consecutive one (1) year terms (“Renewal
Term”) unless terminated by a Party upon three (3) months prior written notice to the other Party with effect from the end of the
Initial Term or the respective Renewal Term. Clauses 1.5, 3.1, 3.2, 3.3, 3.4 and 3.5 shall survive termination.

  

	Siemens Industry, Inc. –	 	Fluence Energy, LLC

Smart Infrastructure

  

	By:	 	 	By:	 
	 	 
	Name:	 	 	 Name:	 
	 	 
	Title:	 	 	 Title:	 
	 	 
	Date:	 	 	Date:	 
	  	 
	 	 
	By:	 	 	By:	 
	 	 
	Name:	 	 	Name:	 
	 	 
	Title:	 	 	Title:	 
	 	 
	Date:	 	 	Date:Exhibit 10.27 

 

Amended and Restated Cooperation Agreement

 

between

 

Fluence Energy, LLC

 

and

 

The AES Corporation

 

Dated as of [____], 2021

 

    

     

    

 

THIS AMENDED AND RESTATED COOPERATION AGREEMENT
(this “Agreement”) is made and entered into on [_____], 2021 (the “Effective Date”), between The
AES Corporation, whose principal place of business is at 4300 Wilson Boulevard, Arlington, VA 22203 hereinafter referred to as “AES”
and Fluence Energy, LLC, whose principal place of business is 4601 N. Fairfax Drive, Suite 600, Arlington, VA 22203 hereinafter
referred to as “Fluence”. Each of AES and Fluence are referred to herein as a “Party” and collectively
are referred to herein as the “Parties.”

 

WHEREAS, AES is a company headquartered in Arlington,
Virginia with electrical transmission, distribution and power generation subsidiaries located globally, supplying power services to utilities,
power systems, and end customers;

 

WHEREAS, Fluence is a company headquartered in
Arlington, Virginia with a battery storage system business, and seeks to sell Battery Energy Storage Systems and Solutions to owners of
power projects and assets;

 

WHEREAS, Fluence and AES are parties to that certain
Cooperation Agreement, dated as of January 1, 2018, by and between Fluence and AES (the “Prior Agreement”); and

 

WHEREAS, AES Grid Stability LLC (“AES
LLC”), a Delaware limited liability company and wholly-owned subsidiary of AES, owns a 43.18% membership interest in Fluence
as of the Effective Date, but prior to the initial public offering described in the recitals below;

 

WHEREAS, AES LLC is party to the Second Amended
and Restated Limited Liability Company Agreement of Fluence, dated as of June 9, 2021(the “Second A&R LLC Agreement”);

 

WHEREAS, Fluence, AES LLC and certain other parties
are entering into a series of transactions in connection with the formation of Fluence Energy, Inc., a Delaware corporation (“Issuer”)
to serve as the vehicle through which the public will own indirect interests in Fluence through an initial public offering;

 

WHEREAS, in connection with the initial public
offering, the Second A&R LLC Agreement is being amended and restated in its entirety by the Third Amended and Restated Limited Liability
Company Agreement, dated on or about the date hereof (the “Third A&R LLC Agreement”), to, among other things, reflect
Issuer’s ownership of Fluence and the restructuring of Fluence and its Affiliates; and

 

NOW, THEREFORE, the Parties agree that the Prior
Agreement is hereby amended and restated in its entirety by this Agreement, and further agree as follows:

 

Article 1.          
Definitions

 

1.1        
Definitions. The terms used in this Agreement, with their initial letters capitalized, shall, unless the context
thereof otherwise requires, have the meanings specified in this Section 1.1.

 

“AAA” shall
have the meaning assigned to such term in Section 13.2.

 

“AES” has
the meaning set forth in the Preamble hereto.

 

"AES Entity"
shall mean either AES or an Affiliate of AES, as the case may be.

 

    1 

     

    

 

“AES LLC”
has the meaning set forth in the Recitals hereto.

 

“AES Representative”
shall have the meaning assigned to such term in Section 6.1.

 

“AES Strategic Business
Unit” shall mean one of the primary regional business groupings managed by a SBU President in AES.

 

“Affiliate”
means, at any time, and with respect to any Person or group of Persons, a Person that at such time directly or indirectly through one
or more intermediaries, Controls, is Controlled by, or is under common Control with such Person or group of Persons..

 

“Agreement”
has the meaning set forth in the Preamble hereto.

 

“Application”
has the meaning set forth in the LLC Agreement.

 

“Battery Energy Storage
Systems and Solutions” means any battery based energy storage system and related services offered for sale from time to time
by Fluence, including such as may be purchased pursuant to the Storage Core Frame Purchase Agreement.

 

“Branding Agreement”
means that certain Branding Agreement entered into as of the Effective Date between AES and Fluence.

 

“Claim”
shall have the meaning assigned to such term in Section 9.1.

 

“Compliance Breach”
shall have the meaning assigned to such term in Section 8.2.

 

“Confidential Information”
shall have the meaning assigned to such term in Section 12.1.

 

“Control”
means, with respect to the relationship between two or more Persons, the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of a Person, whether through ownership of voting securities, as trustee or executor,
by contract or otherwise. The terms “Controlled” or “under common Control with” have correlative meanings.

 

“Customer”
is the end-use customer for any Battery Energy Storage Solutions proposed as part of a project owned by AES Entity.

 

“Dispute”
shall have the meaning assigned to such term in Section 13.1.

 

“Effective Date”
has the meaning set forth in the Preamble hereto.

 

“Fluence”
has the meaning set forth in the Preamble hereto.

 

"Fluence Entity"
shall mean either Fluence or an Affiliate of Fluence, as the case may be.

 

“Fluence Representative”
shall have the meaning assigned to such term in Section 6.1.

 

“Government
Official” shall mean any officer or employee or family member of an officer or employee of a government, department
(whether executive, legislative, judicial or administrative), agency or instrumentality of such government, or any person acting in
an official capacity for or on behalf of such government or any candidate for public office or representative of a political
party.

 

    2 

     

    

 

“Governmental Authority”
means a federal, state, local or foreign governmental authority (including any regulatory authority); a state, province, commonwealth,
territory or district thereof; a county; a city, town, township, or other municipality; a district, ward or other subdivision of any of
the foregoing; any executive, legislative or other governing body of any of the foregoing; any agency, authority, board, department, system,
service, office, commission, committee, council or other administrative body of any of the foregoing; any court or other judicial body;
and any officer, official or other representative of any of the foregoing.

 

“Indemnified Party”
shall have the meaning assigned to such term in Section 9.1.

 

“Indemnifying Party”
shall have the meaning assigned to such term in Section 9.1.

 

“Initial Term”
shall have the meaning assigned to such term in Section 10.1.

 

“Integrated Solution”
has the meaning set forth in the LLC Agreement.

 

“Issuer”
has the meaning set forth in the Recitals hereto.

 

“LLC Agreement”
means the Second A&R LLC Agreement prior to the effectiveness of the Third A&R LLC Agreement, and thereafter means the Third A&R
LLC Agreement.

 

“Parties”
has the meaning set forth in the Preamble hereto.

 

“Party”
has the meaning set forth in the Preamble hereto.

 

“Person”
means any natural person, corporation, partnership, joint venture, trust, estate, unincorporated association, limited liability company
or any other entity (whether or not having separate legal personality), and shall include any successor (by merger or otherwise) of such
entity.

 

“Prohibited Payment”
means any offer, gift, payment, promise to pay, or authorization of the payment of any money or anything of value, directly or indirectly,
to a Government Official for the purpose of either (i) influencing any act or decision of the Government Official in his or her official
capacity, (ii) inducing the Government Official to do or omit to do any act in violation of his or her lawful duty, (iii) securing any
improper advantage or (iv) inducing the Government Official to use his influence with a government or instrumentality thereof to affect
or influence any act or decision of such government or instrumentality, in order to assist in obtaining or retaining business or in directing
business to any party.

 

“Prohibited Transaction”
means any of the following: (i) receiving, transferring, transporting, retaining, using, structuring, diverting or hiding the proceeds
of any criminal activity whatsoever, including drug trafficking, fraud or bribery of a Government Official; (ii) engaging or becoming
involved in, financing, or supporting financially or otherwise, sponsoring, facilitating, or giving aid to any terrorist person, activity
or organization; or (iii) participating in any transaction or otherwise conducting business with any Person that appears on any list issued
by a United States or European Union Governmental Authority, the World Bank or the United Nations with respect to money laundering, terrorism
financing, drug trafficking or economic or arms embargoes.

 

    3 

     

    

 

“Representatives”
means, with respect to any person, such person’s shareholders, officers, directors, employees, accountants, consultants, legal counsel,
financial advisors and other representatives and agents.

 

“Rules”
shall have the meaning assigned to such term in Section 13.2.

 

“Second A&R LLC
Agreement” has the meaning set forth in the Recitals hereto.

 

“SLA” shall
have the meaning assigned to such term in Section 5.2.

 

“Storage Core Frame
Purchase Agreement” means that certain Amended and Restated Storage Core Frame Purchase Agreement entered into as of the Effective
Date between AES LLC and Fluence pursuant to which AES Entities may from time to time purchase Battery Energy Storage Solutions from Fluence.

 

“Third A&R LLC
Agreement” has the meaning set forth in the Recitals hereto.

 

1.2        
Interpretation.

 

1.2.1    
When a reference is made in this Agreement to an Article, Section clause, Exhibit or Schedule, such reference shall be to
an Article, Section or clause of, Exhibit or Schedule to, this Agreement unless otherwise indicated, and the words “Agreement,”
 “hereby,” “herein,” “hereof,” “hereunder” and words of similar import refer to this Agreement
as a whole (including any Exhibits) and not merely to the specific section, paragraph or clause in which such word appears. The table
of contents and the Article and Section headings contained in this Agreement are solely for the purpose of reference, are not part of
the agreement of the Parties and do not in any way affect the meaning or interpretation of this Agreement. The phrases “the date
of this Agreement,” “the date hereof” and terms of similar import, shall be deemed to refer to the Effective Date. References
to any statute are to that statute, as amended from time to time, and to the rules and regulations promulgated thereunder. Unless otherwise
expressly provided herein, references to any agreement or document shall be a reference to such agreement or document as amended, modified
or supplemented and in effect from time to time and shall include reference to all exhibits, schedules and other documents or agreements
attached thereto or incorporated therein, including waivers or consents. Unless otherwise expressly provided herein, references to any
Person include the successors and permitted assigns of that Person. Whenever the content of this Agreement permits, the masculine gender
shall include the feminine and neuter genders, and a reference to singular or plural shall be interchangeable with the other. References
from or through any date mean, unless otherwise specified, from and including or through and including, respectively. As used in this
Agreement: (i) the term “including” and words of similar import mean “including, without limitation” unless otherwise
specified, (ii) “$” and “dollars” refer to the currency of the United States of America, and (iii) “any”
shall mean “one or more”. Unless the defined term “Business Days” is used, references to “days” in
this Agreement refer to calendar days.

 

1.2.2    
The Parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden
of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any provision of this Agreement.

 

1.2.3    
No summary of this Agreement prepared by or on behalf of any Party shall affect the meaning or interpretation of this Agreement.

 

Article 2.          
Scope

 

2.1        
Scope. The Parties shall use commercially reasonable efforts to maximize opportunities to use Battery Energy Storage
Solutions on a global basis across the AES fleet. AES shall cause the AES Entities to apply this Agreement on a global basis, with the
same understanding as to applicable laws concerning transfer pricing.

 

2.2        
AES Entities. In the case of non-controlled AES Entities, AES agrees to promote and educate those entities about
the benefits of energy storage and Fluence. AES agrees to use commercially reasonable efforts to enable interactions between Fluence and
non-controlled entities for the purpose of exploring energy storage project investments, enabling the participation of Fluence in any
energy storage procurements, and creating a preferred vendor role for Fluence where permitted and applicable.

 

2.3        
Key Interfaces. During the term of this Agreement, each Party shall provide the other Party with contact persons
to serve as liaisons for effective cooperation and communication between AES and Fluence regarding the implementation of the terms of
this Agreement. These contact persons shall schedule regular meetings. These contact persons include, but are not limited to, the following:

 

2.3.1    
Management: The Fluence Representative and the AES Representative will be the respective interfaces at the management level
for this Agreement. The Fluence Representative will manage the business plan and competitiveness of the Battery Energy Storage Solutions,
and the AES Representative will manage interaction across AES Strategic Business Units with respect to energy storage project development.
The Fluence Representative and the AES Representative shall both manage his or her respective teams independently and will be his or her
respective Party’s representative with respect to escalated matters to be resolved, including but not limited to target sharing,
availability of agreed technical sales support, capacity planning, and project delivery matters which cannot be resolved by Fluence sales
people and the AES Strategic Business Units or individual AES project leads.

 

    4 

     

    

 

Article 3.          
Offer Management Process – Supporting BD at AES

 

3.1        
BD Process. It is recognized that AES projects will move through several life cycle stages from original conception
to investment implementation. Fluence will provide support to AES as a preferred vendor of Battery Energy Storage Solutions throughout
this process. AES will manage its project development process at its own discretion and will make information, pricing, support, or other
needs known to Fluence for use in AES internal investment reviews, external bid processes, or other activities aimed at expanding the
market for energy storage. AES will have the sole discretion to pursue project development investments. AES and Fluence agree that each
will bear their own cost of these activities.

 

3.2        
Bid Support. From time to time, AES may participate in bid or RFP processes to win contracted projects from Customers.
Fluence will support AES as a key vendor in these processes with information, diagrams, processes, and personal representation as suitable
and agreed upon request. AES will have the sole discretion to bid or not bid in any process. AES and Fluence agree that each will bear
their own cost of these activities.

 

3.3         Advanced
Projects. As AES projects advance in maturity, AES will have the sole discretion for whether to continue to fund and develop its
own projects for investment. Fluence will support this effort in a manner consistent with a key project vendor. Any financial
support, credit support, warranty support, or other commitment by Fluence will be subject to a specific Purchase Order under the
Storage Core Purchase Agreement.

 

Article 4.          
Marketing Cooperation and Related Matters

 

4.1        
Business Planning. As needed, but at least on an annual basis, the Parties shall jointly review the Fluence business
plan and the AES outlook for project investments that could include energy storage, including discussion of any new technical requirements
or needs from Fluence to assist AES in realizing project opportunities.

 

4.2        
Joint Marketing. Joint marketing activities and trade events, including, but not limited to, marketing and trade
fairs within a broader AES context, shall be agreed and planned in the business planning discussed in Section 4.1 between AES and
Fluence. The Parties will mutually discuss in good faith proposals for joint marketing and fair participations. For agreed joint marketing
or trade fair events in which AES enables Fluence to participate, Fluence will be responsible to pay any added fees or costs for materials
related to its participation. AES shall be permitted to utilize images, product names, and materials from Fluence at events and in promotional
efforts related to the sale of Battery Energy Storage Solutions, subject to compliance by AES with Fluence’s usage and brand guidelines
and the Branding Agreement.

 

Article 5.          
AES Business Development

 

5.1        
Staffing. The staffing and hiring of personnel of AES and AES Entities shall be under the sole discretion of the
AES Entity. Fluence shall have no right under this Agreement to make any decisions with respect to AES Business Development.

 

5.2        
Funding. Funding of AES Business Development shall be the exclusive responsibility of the AES Entity’s own
budget at its own expense and as needed to achieve project development objectives. In a rare case and for a limited purpose, Fluence may
conclude a separate service level agreement (“SLA”) with the AES Entity to provide a fixed payment for a certain period
of time to fund additional storage development resources. Any such SLA shall be negotiated in good faith between the parties and shall
include development personnel as mutually agreed upon by the AES Entity and Fluence as well as customary reporting/feedback on performance.

 

5.3        
Compensation. No AES Entity shall be entitled to any compensation payment from Fluence or any Fluence Entity in connection
with any sales of Battery Energy Storage Solutions facilitated pursuant to this Agreement, except and then only to the extent that a specific
SLA for sales resources as contemplated by Section 5.2 above applies.

 

5.4        
Training. The Parties shall work together to develop a training program to facilitate the development of projects
that utilize Battery Energy Storage Solutions by the AES Strategic Business Units. AES will name specific management and business development
personnel to participate. The travel costs and expenses of the participants shall be borne by AES, and
the costs and expenses for trainer and training facilities shall be borne by Fluence. Fluence shall provide initial training to
the nominated personnel at regional training sessions within 180 days of the Effective Date. The Parties agree that such training program
will continue on an ongoing basis throughout the Term and that they will work together in good faith to ensure that the AES business development
team is properly trained at all times.

 

    5 

     

    

 

Article 6.          
Contact Persons

 

6.1        
 Nomination. The Parties shall nominate permanent contact persons on both sides to act as liaison for communications
between the AES Entity and Fluence (the “AES Representative” and the “Fluence Representative” respectively).
These contact persons shall schedule regular meetings in order to exchange relevant information regarding (i) current project development
activities, (ii) trade fairs, (iii) roadmaps for budgeting tools, and (iv) marketing activities.

 

6.2        
Initial Contact Persons. The nominated contact person from AES (subject to replacement by AES on prior written notice
to Fluence) is:

 

The AES Corporation

4300 Wilson Boulevard

Suite 1100

Arlington, VA 22203

Attention: [_________]

Email: [_________]

 

The nominated contact person from Fluence (subject
to replacement by Fluence on prior written notice to AES) is:

 

Fluence Energy, LLC

4601 N. Fairfax Drive

Suite 600

Arlington, Virginia 22203 USA

Attention: President, Americas

Email: john.zahurancik@fluenceenergy.com

 

Article 7.          
No Restrictions

 

7.1        
No Fluence Restrictions. AES acknowledges and agrees that notwithstanding anything to the contrary in this Agreement
or the LLC Agreement, AES does not have any exclusive rights to market and sell the Battery Energy Storage Systems and Solutions, and
that the relationship contemplated by this Agreement shall not restrict Fluence in any way from utilizing the services of other Persons
for the marketing and sale of Battery Energy Storage Solutions or from itself marketing and selling such Battery Energy Storage Solutions
directly.

 

Article 8.          
Compliance

 

8.1        
Compliance Representations and Obligations.

 

8.1.1    
Both Parties shall ensure that they and their respective Affiliates and Representatives comply fully with all applicable
anti-bribery, anti-corruption, anti-terrorism, economic sanctions and anti-money laundering Applicable Laws and regulations, including,
without limitation, international anti-corruption conventions such as the United Nations Convention Against Bribery, and the United States
Foreign Corrupt Practices Act, and in each case, any applicable implementing legislation, with respect to their respective obligations
under this Agreement.

 

8.1.2     Both
Parties represent and warrant that neither they nor any of their respective Affiliates or Representatives, have, either directly or
indirectly, made a Prohibited Payment or engaged in a Prohibited Transaction with respect to their respective obligations under this
Agreement.

 

8.1.3    
Both Parties shall ensure that neither they nor any of their respective Affiliates or Representatives, will, either directly
or indirectly, make, promise or authorize the making of a Prohibited Payment or engage in a Prohibited Transaction with respect to their
respective obligations under this Agreement.

 

8.1.4    
Both Parties agree to notify the other Party immediately upon gaining knowledge that a Prohibited Transaction or Prohibited
Payment related to the obligations set forth in this Agreement and/or the sales and marketing efforts with respect to the Battery Energy
Storage Solutions may have occurred and to cooperate in good faith with each other to determine whether a Prohibited Transaction or Prohibited
Payment has occurred.

 

    6 

     

    

 

 

8.1.5    
Both Parties agree that, if the other Party has any reasonable grounds to believe that a Prohibited Transaction has taken
place or a Prohibited Payment has been made, it shall cooperate in good faith with the other Party in determining whether such a violation
occurred by taking necessary measures, which could include engaging an independent third party to investigate the matter and to provide
a written report of its findings to the Parties.

 

8.1.6    
Both Parties acknowledge receipt of a copy of the other Party’s Code of Conduct and understands the standards to which
the other Party expects all its contractors to comply with when performing services for or on behalf of the other Party.

 

8.1.7    
In order to mitigate potential exposure to risk, the Parties shall perform due diligence on any subcontractors, consultants
or agents prior to their engagement pursuant to the standards set forth in the other Party’s compliance program. The Parties shall
execute a written agreement with each subcontractor, consultant, agent or representative which shall include the provisions at least as
restrictive as those contained in this Article 8.

 

8.1.8    
For the purpose of detecting potential violations of Applicable Law, the Parties shall perform periodic internal or independent
audits of its financial books, accounts and records.

 

8.1.9    
The Parties agree to provide an effective education and training program about the requirements and prohibitions of applicable
anti-corruption laws for its subcontractors, consultants, agents and representatives who perform services under this Agreement.

 

8.2        
Compliance Breaches. The Parties agree that a material breach of one or more of the covenants or representations
(“Compliance Breach”) in this Article 8 shall be sufficient cause for the other Party to terminate this Agreement,
, in each case in whole or in part, and to declare all or any of them null and void, in which case the breaching Party agrees that it
shall forfeit any claim to any additional payments due to it under any of such terminated agreements, other than payments for services
previously rendered under such terminated agreements, in addition to being liable for any damages or remedies available to the other Party
under Applicable Law. the breaching Party shall indemnify and hold harmless the other Party from any claims, costs, liabilities, obligations,
and damages the other Party incurs (including, without limitation, for the fees of any legal counsel Company may retain or engage) as
a result of such Compliance Breach.

 

8.3        
Survival. All the provisions in this Article 8 are material and shall survive the termination of the Agreement
between AES and Fluence.

 

Article 9.          
Indemnification

 

9.1        
General. Each Party (the “Indemnifying Party”) shall indemnify, defend and hold harmless the other
Party, its Affiliates, and their Representatives and assigns (the “Indemnified Party”) from and against all claims,
suits, causes of action, losses, liabilities, liens, damages, assessments, costs, expenses, demands, complaints or actions including but
not limited to reasonable attorneys’ fees and court costs (collectively, “Claims”) of third parties concerning:
(i) death, personal injury, or property damage of third parties, (ii) nonpayment of wages, benefits, fees, amounts owed, and/or any taxes
(including penalties and interest) associated therewith arising from the Indemnifying Party’s Representatives, suppliers, contractors,
and/or materialmen and (iii) violations by the Indemnifying Party or any Person for whom the Indemnifying Party is responsible of Applicable
Law; in each case to the extent arising or resulting from the Indemnifying Party’s or its Representative’s negligence, willful
misconduct, or breach of this Agreement. For sake of clarity, if both Parties are negligent or otherwise at fault or strictly liable without
fault, then the obligations of indemnification under this Section ‎9.1 shall
continue, but the Indemnifying Party shall indemnify the Indemnified Party only for the percentage of responsibility for the damage or
injuries attributable to the Indemnifying Party.

 

9.2        
Indemnification Procedures.

 

9.2.1    
If an Indemnified Party receives written notice of a Claim, the Indemnified Party shall give prompt written notice to the
Indemnifying Party, including a reasonably detailed description of the facts and circumstances relating to such Claim, a complete copy
of all notices, pleadings and other papers related thereto, and a description in reasonable detail of the basis for the potential claim
for indemnification with respect thereto. The Indemnified Party’s delay or deficiency in notifying the Indemnifying Party shall
not relieve the Indemnifying Party of liability or obligation except to the extent (and only to the extent) such delay materially impacts
the defense of the Claim.

 

9.2.2    
The Indemnifying Party shall be entitled to assume the defense and to represent the interests of the Indemnified Party,
which shall include the right to select and direct legal counsel and other consultants (all of whom shall be reasonably acceptable to
the Indemnified Party), appear in proceedings on behalf of the Indemnified Party and to propose, accept or reject offers of settlement,
subject to Section ‎9.2.3 below, all at its sole cost. Nothing herein shall prevent
an Indemnified Party from retaining its own legal counsel and other consultants or participating in its own defense at its own cost and
expense. Notwithstanding the foregoing, if (i) the claim is primarily for non-monetary damages against the Indemnified Party, or primarily
for an injunction or other equitable relief that, if granted, would reasonably be expected to be material to the Indemnified Party, (ii)
there is a material actual or potential conflict of interest that makes representation of the Indemnifying Party and the Indemnified Party
by the same counsel or the counsel selected by the Indemnifying Party inappropriate, or (iii) the claim is a criminal proceeding, then
in each case the Indemnified Party may, upon notice to the Indemnifying Party, assume the exclusive right to defend (and in the case of
clause (iii) above, compromise and settle), such claim and the reasonable fees and expenses of the Indemnified Party’s separate
counsel shall be borne by the Indemnifying Party; however the settlement of any claim pursuant to clauses (i) and (ii) above shall be
governed by Section ‎9.2.3 below. Notwithstanding anything to the contrary herein,
for sake of clarity, the Parties agree that the foregoing provisions shall not be construed so as to permit the Indemnified Party to control
or assume the defense of any action, lawsuit, proceeding, investigation, demand or other claim brought against the Indemnifying Party
concurrently with or in a joint proceeding in respect of any claim that is the subject of an indemnification claim hereunder by the Indemnified
Party.

 

    7 

     

    

 

 

9.2.3       Notwithstanding
anything to the contrary herein, the Indemnifying Party shall not compromise or settle, or admit any liability with respect to any third
party Claim without the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld or delayed),
unless the relief consists solely of (i) money damages (all of which the Indemnifying Party shall pay), and (ii) includes a provision
whereby the plaintiff or claimant in the matter releases the Indemnified Party from all liability with respect thereto. If the Indemnified
Party assume the defense of or represents their own interests, no settlement shall be made without the prior written consent of the Indemnifying
Party (which consent shall not be unreasonably withheld or delayed).

 

9.3           Limited
Waiver of Certain Immunities. Each of the Parties hereby specifically and expressly agrees that with respect to any and all claims
against an Indemnified Party by any representative of an Indemnifying Party, any indemnification available hereunder shall not be limited
by reason of any immunity to which such Indemnifying Party may be entitled under any workers compensation and/or industrial insurance
acts, disability benefit acts, or other employee benefits acts and any limitation on the amount or type of damages, compensation, or
benefits payable by or for the Indemnifying Party to such representative with respect to any such claim. For the sake of clarity, the
Indemnifying Party’s waiver of immunity by the provisions of this section extends only to indemnification claims against the Indemnifying
Party by or on behalf of the Indemnified Party under or pursuant to this agreement, and does not apply to any claims made by the Indemnifying
Party’s representatives directly against the Indemnifying Party.

 

9.4          
Survival. The indemnities set forth in this Article 9 shall survive the termination or expiration of this
Agreement.

 

Article 10.             Term
and Termination

 

10.1        
Term. The term of this Agreement shall commence as of the Effective Date and shall continue until the fourth (4th)
anniversary thereof (the “Initial Term”) and thereafter shall be automatically extended in successive one (1) year
increments (the Initial Term together with any such extensions, the “Term”).

 

10.2        
Early Termination. Either Party may terminate this Agreement effective upon the expiration of the Initial Term or
the expiration of any extension thereof upon not less than six (6) months prior written notice of termination furnished to the other
Party. No termination of this Agreement pursuant to this Section 10.2 shall affect any Purchase Orders executed between the Parties
prior to the date of termination or any Consortium Agreement then in effect.

 

10.3        
Transition. If this Agreement is terminated pursuant to this Section 10.2, the Parties shall cooperate to
manage any projects or opportunities in progress so as to ensure minimal disruption to the end customer, subject to compliance with Applicable
Law (including antitrust requirements). Each Party shall submit a list of opportunities in progress for which the Parties agree to continue
working together and where existing sales arrangements will be honored through completion.

 

10.4        
Termination for Cause and other Remedies. A Party may terminate this Agreement for cause and/or pursue such other
rights and remedies as may be available to it at law or in equity, upon thirty (30) days prior written notice in the event the other Party
hereto materially breaches this Agreement and fails to cure the breach within thirty (30) days after receipt of written demand therefor.

 

    8 

     

    

 

Article 11.            Limitations
of Liability

 

11.1        
WAIVER OF CERTAIN DAMAGES. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, NEITHER PARTY SHALL BE LIABLE,
WHETHER BASED IN CONTRACT, GUARANTY, WARRANTY, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY, STRICT LIABILITY, INDEMNITY OR ANY OTHER
LEGAL OR EQUITABLE THEORY, FOR: LOSS OF USE, REVENUE, SAVINGS, PROFIT, INTEREST, GOODWILL OR OPPORTUNITY, COSTS OF CAPITAL, COSTS OF REPLACEMENT
OR SUBSTITUTE USE OR PERFORMANCE, LOSS OF INFORMATION AND DATA, LOSS OF POWER, VOLTAGE IRREGULARITIES OR FREQUENCY FLUCTUATION, CLAIMS
ARISING FROM THE OTHER PARTY’S THIRD PARTY CONTRACTS, OR FOR ANY TYPE OF INDIRECT, SPECIAL, LIQUIDATED, PUNITIVE, EXEMPLARY, COLLATERAL,
INCIDENTAL OR CONSEQUENTIAL DAMAGES, OR FOR ANY OTHER LOSS OR COST OF A SIMILAR TYPE.

 

11.2        
EFFECTIVENESS. THE PARTIES AGREE THAT THE EXCLUSIONS AND LIMITATIONS IN THIS ARTICLE 12 WILL PREVAIL OVER
ANY CONFLICTING TERMS AND CONDITIONS IN THIS AGREEMENT AND MUST BE GIVEN FULL FORCE AND EFFECT, WHETHER OR NOT ANY OR ALL SUCH REMEDIES
ARE DETERMINED TO HAVE FAILED OF THEIR ESSENTIAL PURPOSE. THESE LIMITATIONS OF LIABILITY ARE EFFECTIVE EVEN IF A PARTY HAS BEEN ADVISED
BY THE OTHER PARTY OF THE POSSIBILITY OF SUCH DAMAGES. THE WAIVERS AND DISCLAIMERS OF LIABILITY, RELEASES FROM LIABILITY AND LIMITATIONS
ON LIABILITY EXPRESSED IN THIS ARTICLE 12 EXTEND TO THE PARTIES’ RESPECTIVE AFFILIATES, PARTNERS, PRINCIPALS, MEMBERS SHAREHOLDERS,
DIRECTORS, OFFICERS, EMPLOYEES, SUPPLIERS, AGENTS, AND SUCCESSORS AND ASSIGNS.

 

11.3        
Commencement of Claims. Except with respect to claims arising under Article ‎10
or Article ‎13, any legal action of either Party arising under this Agreement
must be commenced within two (2) years after the earlier to occur of (i) such Party having obtained knowledge of such claim or (ii) the
expiration or termination of this Agreement. To the maximum extent permitted by Applicable Law, each Party hereby waives any right to
commence any claim or action after such two (2) year period.

 

Article 12.            Confidentiality

 

12.1        
Confidential Information. Each Party shall, and shall cause its respective Affiliates and Representatives to, keep
confidential any information which it may have or acquire before or after the date of this Agreement, concerning the other Party and its
assets, business, operations, affairs, financial condition or such information, “Confidential Information”).

 

12.2        
Non-Disclosure. Neither Party shall use any Confidential Information in any manner detrimental to the other Party
nor shall any of them disclose, publish or make accessible, directly or indirectly, any Confidential Information to any person. In addition,
the Parties shall exercise all reasonable efforts to prevent any other person from gaining access to such Confidential Information and
take such protective measures as may be or become reasonably necessary to preserve the confidentiality of such Confidential Information.

 

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12.3        
Exceptions. Notwithstanding Section 12.1 and Section 12.2, either Party may disclose Confidential Information:

 

12.3.1 
 to any Representative of such Party, provided that such Representative has a need to know and has been informed of the
confidential nature of the information pursuant to Section 12.4;

 

12.3.2 
to the extent required by (i) any applicable law of any Governmental Authority (including any rule or regulation of the
Securities and Exchange Commission), (ii) any stock exchange rule or regulation or (iii) any binding judgment, order or requirement of
any court or other Governmental Authority of competent jurisdiction; provided, that the Party required to disclose Confidential Information,
as the case may be, has delivered written notice to and consulted, to the extent practicable, with the other Party prior to disclosure
of such Confidential Information; and

 

12.3.3 
to the extent such Confidential Information becomes available within the public domain (otherwise than as a result of a
breach of this Article 12).

 

12.4        
Representatives Bound. Each Party shall inform any representative to whom it provides Confidential Information that
such information is confidential and shall instruct them (a) to keep such Confidential Information confidential and (b) not to disclose
it to any third party (other than those persons to whom such Confidential Information has already been disclosed in accordance with the
terms of this Agreement). The disclosing Party shall be responsible for any breach of this Article 12 by the person to whom the
Confidential Information is disclosed.

 

12.5        
Survival. Notwithstanding anything herein to the contrary, the provisions of this Article 12 shall survive
the termination of this Agreement for a period of three (3) years.

 

Article 13.            
Dispute Resolution and Choice of Law

 

13.1         Referral to Senior Management. Except as otherwise provided by this Agreement, any dispute, controversy or claim
arising out of or in connection with, or relating to, this Agreement or any breach or alleged breach hereof (which breach or alleged breach
by a Party remains uncured within ten (10) Business Days after receipt of written notice thereof from another Party) or the validity or
termination hereof or the relationship created between the Parties by and/or through this Agreement (a “Dispute”) shall
first be settled as far as possible by good faith negotiations between the parties to the Dispute, in the form of meetings between senior-management
level representatives of such Parties, upon the written request by any such Party to the other parties to the Dispute, which writing shall
set forth in reasonable detail the nature and extent of the Dispute. For this purpose a senior-management level representative of AES
shall be named and the senior-management level representative of Fluence shall be its Chief Executive Officer.

 

13.2         Referral
to Arbitration. If the parties to the Dispute are unable for any reason to resolve a Dispute within thirty (30) days after receipt
by any Party of written notice of a Dispute, then any Party may submit the Dispute to arbitration to be finally and exclusively resolved
under the Commercial Arbitration Rules of the American Arbitration Association (“AAA”) then in effect (the “Rules”),
except as modified herein. There shall be three (3) arbitrators. If there are two (2) parties to the Dispute, each of the parties to
the Dispute shall nominate one (1) independent arbitrator in accordance with the Rules. If there are more than two (2) parties to the
Dispute, the independent arbitrators shall be nominated in accordance with the Rules; provided, however, that any Party and its Affiliates
shall be entitled to nominate only one (1) such independent arbitrator. The arbitrators so nominated, once confirmed by the AAA, shall
nominate an additional arbitrator to serve as chairman, such nomination to be made within fifteen (15) days of the confirmation by the
AAA of the second arbitrator. If the initial arbitrators shall fail to nominate an additional arbitrator within such fifteen (15) day
period, such additional arbitrator shall be appointed by the AAA. The arbitrators shall be required to submit a written statement of
their findings and conclusions. Except as otherwise agreed by the parties to such Dispute, exclusive venue of arbitration shall be New
York, New York, and the language of the arbitration shall be English and each of the Parties hereby submits to the non-exclusive jurisdiction
of the state and federal courts located in New York, New York for preliminary relief in aid of arbitration and for the enforcement of
any arbitral award. By agreeing to arbitration, the Parties do not intend to deprive any national court of its jurisdiction to issue
any pre-arbitral injunction, pre-arbitral attachment or other order in aid of arbitration proceedings.

 

    10 

     

    

 

13.3        
Neutral Arbitrators. None of the Parties or the arbitrators shall select any arbitrator for the arbitral tribunal
who has any interest in the Dispute or who has, or within the immediately preceding five (5) years has had, any economic or other relationship
with any party to the Dispute.

 

13.4        
Procedures and Costs. The arbitrators shall not have the right to award consequential, incidental, indirect, special,
treble, multiple or punitive damages. The arbitral tribunal shall not be empowered to decide any dispute ex aequo et bono or amiable compositeur,
and the arbitral tribunal shall decide the Dispute under the substantive laws of the State of Delaware pursuant to the Rules of AAA, without
regard to applicable choice of law provisions thereof. The arbitration award shall be decided by majority opinion and issued in writing
in the English language and shall state the reasons upon which it is based. It may be made public only with the consent of each participating
Party or as may be required by law or regulatory authority or as necessary for enforcement of such award. The arbitrators shall allocate
the fees and costs of the arbitration. The losing Party(ies) shall pay the prevailing Party(ies)’ attorney’s fees and costs
and the costs associated with the arbitration, including the expert fees and costs and the arbitrators’ fees and costs borne by
the prevailing Party(ies), all as determined by the arbitrators. Each Party shall bear its own fees and costs until the arbitrators determine
which, if any, Party is the prevailing Party(ies) and the amount that is due to such prevailing Party(ies).

 

13.5        
Award. The award rendered by the arbitrators shall be final and binding on the participating Parties and shall be
the sole and exclusive remedy between and among the participating Parties regarding any claims, counterclaims, issues or accounting presented
to the arbitral tribunal. The award shall be issued no later than one hundred twenty (120) days from the last hearing held by the arbitrators
or as soon thereafter as practicable. The award shall be paid within thirty (30) days after the date it is issued and shall be paid in
U.S. Dollars in immediately available funds, free and clear of any Liens, Taxes or other deductions. A judgment confirming or enforcing
such award may be rendered by any court of competent jurisdiction.

 

13.6         Confidentiality. The arbitration shall be confidential. No Party may disclose the fact of the arbitration, any award
relating thereto or any settlement relating to any Dispute without the prior consent of the other Party(ies); provided, that such matters
may be disclosed without the prior consent of the other Party(ies) to lenders, auditors, tax or other Governmental Authority or as may
be required by law or regulatory authorities or as necessary to enforce any award.

 

13.7         Continued
Performance; Provisional Remedies. Notwithstanding the existence of any Dispute, the Parties shall continue to perform their
respective obligations under this Agreement unless the Parties otherwise mutually agree in writing. Notwithstanding anything in this
Agreement to the contrary, nothing in this Agreement is intended to, nor shall it, prevent the Parties from seeking temporary
injunctive relief at any time as may be available under Law or in equity to preserve its rights pending the outcome of any
arbitration. Without prejudice to such provisional remedies as may be available under the jurisdiction of a national court, the
arbitral tribunal shall have full authority to grant provisional remedies or order the Parties to request that a court modify or
vacate any temporary or preliminary relief issued by a court, and to award damages for the failure of any Party to respect the
arbitral tribunal’s orders to that effect. The Parties agree that any issue regarding the arbitrability of any claims or
disputes arising under, relating to or in connection with this Agreement is an issue solely for the arbitrators, not a court, to
decide.

 

    11 

     

    

 

13.8        
Waiver of Jury Trial. THE PARTIES HEREBY EXPRESSLY WAIVE ALL RIGHTS TO TRIAL BY JURY OR OTHERWISE ON ANY CLAIM, CAUSE
OF ACTION, SUIT OR PROCEEDING PERMITTED UNDER THIS ARTICLE 13. THE PROVISIONS OF THIS AGREEMENT RELATING TO WAIVER OF TRIAL BY JURY SHALL
SURVIVE THE TERMINATION OR EXPIRATION OF THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT IT IS RELYING ON THE WAIVER CONTAINED HEREIN
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATES IN THIS SECTION 13.8.

 

Article 14.            
Miscellaneous

 

14.1         Governing
Law. This Agreement (including any Dispute) shall be deemed made and prepared and shall be governed, construed and interpreted in
accordance with the internal laws of the State of Delaware, without regard to principles of conflict of laws thereof which may require
the application of the law of another jurisdiction.

 

14.2        
Assignment; Successors. Neither Party may assign all or any part of this Agreement, or any rights or obligations
hereunder, without the prior written consent of the other Party, which consent shall not be unreasonably withheld. Any purported assignment
which fails to comply with the requirements of this Section 14.2 shall be null and void. Notwithstanding the foregoing: (i) either
Party may, without the prior written consent of the other Party, assign all or any part of this Agreement or any Purchase Order issued
hereunder, or any rights or obligations hereunder or thereunder, to an Affiliate, which will accept such assignment and assume all obligations
related to this Agreement; provided that, notwithstanding any such assignment, the assigning Party shall not be relieved of any of its
obligations hereunder by reason of such assignment and shall remain liable hereunder to the same degree that the assigning Party would
be responsible had there been no assignment. It shall be reasonable for a Party to withhold consent to a proposed assignment where the
proposed assignee is identified on Exhibit D to the LLC Agreement.

 

14.3        
Compliance with Applicable Law. The Parties agree to comply with all applicable laws and regulations. The Parties’
obligations to fulfill this Agreement are subject to the condition that the fulfillment is not prohibited by any national and/or international
foreign trade and customs regulations or any embargos or other applicable sanctions.

 

14.4        
Amendments. Any modification or amendment to this Agreement must be made in writing and signed by authorized representatives
of the Parties to be effective.

 

14.5         Relationship
of the Parties. Nothing contained in this Agreement shall be construed as creating a partnership, joint venture, agency, employee-employer
relationship, trust or other association of any kind between the Parties and each Party shall be individually responsible only for its
obligations as set forth in this Agreement. In each case where a AES Entity referred to in this Agreement is an Affiliate of AES, such
reference shall be deemed to mean that AES shall cause such AES Affiliate to comply with the applicable obligation, and in each case
where a Fluence Entity referred to in this Agreement is an Affiliate of Fluence, such reference shall be deemed to mean that Fluence
shall cause such Fluence Affiliate to comply with the applicable obligation.

 

    12 

     

    

 

14.6        
Publicity. No Party hereto shall refer to or use, or permit any persons to refer to or use, any other Party’s
name, trademarks, service marks or logos in any advertising, promotional materials, press releases or other publicity without obtaining
the prior written consent of the applicable Party, except when, and to the extent that, such communication is required by applicable laws,
regulations or stock exchange rules.

 

14.7        
Non-Exclusive Remedies and Non-Waivers. No delay or omission by the Parties in exercising any right or remedy provided
for herein shall constitute a waiver of such right or remedy nor shall it be construed as a bar to or waiver of any such right or remedy
on any future occasion. Any waiver authorized on one occasion must be made in writing and is effective only in that instance and only
for the purpose stated, and does not operate as a waiver on any future occasion. The rights and remedies of the Parties herein shall not
be exclusive and are in addition to any other rights and remedies provided by Applicable Law or in equity.

 

14.8         Severability.
Any provision of this Agreement issued hereunder that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective only to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof (provided
the substance of the agreement between the Parties is not thereby materially altered), and any such prohibition or unenforceability in
any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by Applicable
Laws, the Parties hereto hereby waive any provision of Applicable Law which renders any provision hereof prohibited or unenforceable
in any respect.

 

14.9        
Survival. The Indemnification, Limitations of Liability, Confidentiality, Dispute Resolution and Miscellaneous sections
of this Agreement, and any provision that contemplates performance or observance subsequent to termination or expiration shall survive
termination or expiration of this Agreement.

 

14.10       Complete Agreement and Counterparts. This Agreement shall constitute the entire agreement between the Parties and
shall supersede all previous communications, representations, agreements or understandings, whether oral or written, with respect to the
subject matter hereof. The headings used in this Agreement are for reference and shall not limit or affect the meaning or interpretation
of any of the terms hereof.

 

14.11       Counterparts. This Agreement may be executed in multiple counterparts, each of which when so executed and delivered
shall constitute a duplicate original and all counterparts together shall constitute one and the same instrument. Transmission of the
executed signature page of a counterpart of this Agreement by electronic mail shall be effective as delivery of an executed counterpart
of this Agreement.

 

14.12   
    Notices.

 

14.12.1              
All notices and other communications which either Party is required or may desire to serve upon the other shall be addressed
to the Party to be served as follows, unless a different address is designated in writing by the Party to be served:

 

To AES:

 

The AES Corporation

4300 Wilson Boulevard

Suite 1100

Arlington, VA 22203

Attention: [_________]

Email: [_________]

 

    13 

     

    

 

With a copy to:

 

AES Grid Stability, LLC

4300 Wilson Boulevard

Suite 1100

Arlington, VA 22203

Attention: [_________]

Email: [_________]

 

To Fluence:

 

To the contact person designated pursuant
to Article 6 above

 

With a copy to:

 

Fluence Energy, LLC

Attn: General
Counsel

Email: frank.fuselier@fluenceenergy.com

 

14.12.2              
All notices, requests, consents and other communications under this Agreement must be in writing and shall be deemed to
have been duly given and effective (i) immediately (or, if not delivered or sent on a Business Day, the next Business Day) if delivered
or sent and received by electronic mail , (ii) on the date of delivery if by hand delivery (or, if not delivered on a Business Day, the
next Business Day) or (iii) on the first Business Day following the date of dispatch (or, if not sent on a Business Day, the next Business
Day after the date of dispatch) if by a nationally recognized overnight delivery service (all fees prepaid). In the case of notice via
email, each Party shall upon request of the other Party expressly acknowledge or deny receipt of such notice.

 

14.13   
Joint Effort. Preparation of this Agreement has been a joint effort of the Parties and the resulting document shall
not be construed more severely against one of the Parties than against the other. Any rule of construction that ambiguities are to be
resolved against the drafting party shall not be employed in the interpretation of this Agreement, or any amendments or Exhibits hereto.

 

14.14   
Language of the Agreement, Correspondence, Documentation. The language of this Agreement shall be English. Unless
to the extent agreed otherwise, correspondence, technical and commercial documents as well as any other information exchanged between
the Consortium Members relating to this Agreement shall be in English.

 

[Signature page follows]

 

    14 

     

    

 

IN WITNESS WHEREOF, Fluence and AES have caused
their duly appointed representatives to execute this Agreement.

 

The AES Corporation

 

	By:	 	 
	Name: 	[_________]	 
	Title: 	[_________]	 
	 	 
	Fluence
    Energy, LLC	 
	 	 
	By:	 	 
	Name: 	[_________]	 
	Title: 	[_________]	 

 

[Signature Page to AES Cooperation Agreement]

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