Document:

EX-4.23

 Exhibit 4.23 

NEITHER THIS WARRANT NOR ANY SECURITIES THAT MAY BE ISSUED UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THIS WARRANT HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO ITS DISTRIBUTION OR RESALE, AND THIS WARRANT AND ANY SUCH SECURITIES MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT FOR THIS WARRANT OR SUCH SECURITIES UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED. 

 

			
		  	Number of Shares: 469,333
		
	Date of Issuance: August 31, 2017	  	WARRANT No. C-005

 BLOOM ENERGY CORPORATION 

COMMON STOCK PURCHASE WARRANT 

(VOID AFTER AUGUST 31, 2022) 

Bloom Energy Corporation, a Delaware corporation (the “Company”), for value received, hereby certifies that Canada Pension
Plan Investment Board (“CPPIB”), or its registered assigns (the “Registered Holder”), is entitled, subject to the terms and conditions set forth below, to purchase from the Company, at any time or from time to time
on or after the date hereof and on or before 5:00 p.m. (Eastern time) on August 31, 20221 (the “Exercise Period”), up to 469,333 shares of Common Stock, $0.0001 par value per
share, of the Company (“Common Stock”), at a purchase price of one cent ($0.01) per share. The shares purchasable upon exercise of this Warrant, and the purchase price per share, each as adjusted from time to time pursuant to the
provisions of this Warrant, are hereinafter referred to as the “Warrant Shares” and the “Purchase Price,” respectively. This Warrant is one of a series of Warrants originally issued by the Company to Canada Pension
Plan Investment Board of like tenor, except as to the number of shares of Common Stock subject thereto (the Warrants of such series being herein collectively referred to as the “Company Warrants”). The Warrants and Common Stock are
referred to herein as the “Securities”. 
 1. Exercise. 

(a) Exercise Procedure. The Registered Holder may, at its option, elect to exercise this Warrant, in whole or in part, by surrendering
this Warrant at the principal office of the Company, or at such other office or agency as the Company may designate, with the purchase form appended hereto as Exhibit I (the “Purchase Form”) duly executed by or on behalf of
the Registered Holder, accompanied by payment in full, in lawful money of the United States, of the Purchase Price payable in respect of the number of Warrant Shares purchased upon such exercise 

 

	1 	 Maturity will be 5 years after the issue date.

 
(a “Cash Exercise”). In lieu of a Cash Exercise of this Warrant, the Registered Holder may elect to receive upon exercise of this Warrant such number of Warrant Shares determined
according to the following formula (a “Cashless Exercise”): 
  

									
		  		  		  	Y (A - B)	  	
		  	X	  	=	  	A	  	

 Where 

X — The number of Warrant Shares to be issued to the holder of this Warrant. 

Y — The number of Warrant Shares purchasable under this Warrant. 

A — The Fair Market Value (as determined in Section 2(c) below) of one Warrant Share. 

B — The Exercise Price (as adjusted to the date of such calculations). 

A facsimile signature of the Registered Holder on the Purchase Form shall be sufficient for purposes of exercising this Warrant. 

(b) Exercise Date. Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business on the
business day on which this Warrant, the completed and executed Purchase Form, and the Purchase Price (either in cash in a Cash Exercise or in the relinquishment of the right to acquire the appropriate number of shares of Common Stock in a Cashless
Exercise) shall have been surrendered to the Company as provided in subsection 1(a) above (the “Exercise Date”). At such time, the Person or Persons in whose name or names any certificates for Warrant Shares shall be issuable upon
such exercise as provided in subsection 1(c) below shall be deemed to have become the holder or holders of record of the Warrant Shares represented by such certificates. 

(c) Issuance of Certificates. As soon as practicable after the exercise of this Warrant in whole or in part, the Company, at its
expense, will cause to be issued in the name of, and delivered to, the Registered Holder, or as the Registered Holder (upon payment by the Registered Holder of any applicable transfer taxes) may direct: 

(i) a certificate for the number of full Warrant Shares to which the Registered Holder shall be entitled upon such exercise plus, in lieu of
any fractional share to which the Registered Holder would otherwise be entitled, cash in an amount determined pursuant to Section 3 hereof; and 

(ii) in case such exercise is in part only, a new warrant or warrants (dated the date hereof) of like tenor, calling in the aggregate on the
face or faces thereof for the number of Warrant Shares equal (without giving effect to any adjustment therein) to the number of such Warrant Shares called for on the face of this Warrant minus the number of Warrant Shares for which this Warrant was
so exercised. 

  
 2 

 (d) Provisions Related to Non-US Persons. 

(i) Each Registered Holder who is a direct or indirect transferee of the initial Registered Holder and is not a US Person (“US
Person”) as defined in Regulation S under the Securities Act is required to give: 
 (A) Written certification that it is not a US
Person and the Warrant is not being exercised on behalf of a US Person; or 
 (B) A written opinion of counsel to the effect that the
Warrant and the securities delivered upon exercise thereof have been registered under the Securities Act or are exempt from registration thereunder. 

(ii) If a Registered Holder who is a direct or indirect transferee of the initial Registered Holder is not a US Person, procedures shall be
implemented by the Company to ensure that the Warrant may not be exercised within the United States, and that the Warrant Shares issuable upon exercise of the Warrant may not be delivered within the United States upon exercise, other than in
offerings deemed to meet the definition of “offshore transaction” pursuant to Rule 902(h) under the Securities Act, unless registered under the Securities Act or unless an exemption from such registration is available. 

(e) Exercise in Connection with a Qualified IPO. If the Company proposes at any time to effect a Qualified IPO, the Company shall give
Holder at least ten (10) days advance written notice (“Transaction Notice”) of the anticipated closing date for such Qualified IPO. This Warrant shall automatically be deemed exercised via a Cashless Exercise in the absence of
any different action by Holder immediately prior to the effective date of a Qualified IPO. Holder may, in response to the Transaction Notice, elect at its option, to exercise this Warrant in full in accordance with
Section 1 hereof, conditioned upon the completion of such transaction. 
 2. Adjustments. 

(a) Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date on which this
Warrant was first issued (or, if this Warrant was issued upon partial exercise of, or in replacement of, another warrant of like tenor, then the date on which such original warrant was first issued) (the “Original Issue Date”)
effect a subdivision of the outstanding shares of Common Stock or a dividend in respect of the Common Stock payable in shares of Common Stock, the Purchase Price then in effect immediately before that subdivision shall be proportionately decreased
and the number of Warrant Shares shall be proportionately increased. If the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Purchase Price then in effect immediately
before the combination shall be proportionately increased and the number of Warrant Shares shall be proportionately decreased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or
combination becomes effective. 
 (b) Adjustment for Reorganization. In case at any time or from time to time prior to the exercise of
this Warrant, the Company (i) effects a capital reorganization, reclassification, or recapitalization, (ii) consolidates with or merges with or into any other person or entity, or (iii) 

  
 3 

 
transfers all or substantially all of its properties or assets to any other person or entity under any plan or arrangement contemplating the dissolution of the Company, then in each such case,
the registered Holder of this Warrant, upon exercise hereof at any time after or simultaneously with the consummation of such reorganization, recapitalization, consolidation, or merger or the effective date of such dissolution, as the case may be,
will receive, in lieu of the Warrant Shares issuable upon such exercise before such consummation or effective date, the other securities, cash, and/or property to which such Holder would have been entitled upon such consummation or in connection
with such dissolution, as the case may be, if such Holder had exercised this Warrant immediately prior thereto, all subject to further adjustment thereafter as provided herein. 

(c) Fair Market Value. The Fair Market Value per share of Common Stock shall be determined as follows: 

(i) If traded on a securities exchange, the Nasdaq Capital Market or the Nasdaq Global Market, the Fair Market Value shall be deemed to be the
average of the closing prices of the capital stock of the Company of the Company on such exchange or market over the ten (10) business days ending immediately prior to the applicable date of valuation; 

(ii) If actively traded over-the-counter, the Fair Market Value
shall be deemed to be the average of the closing bid prices over the thirty (30) day period ending immediately prior to the applicable date of valuation; and 

(iii) If there is no active public market, the Fair Market Value shall be determined in good faith by the Board of Directors of the Company
upon a review of relevant factors; and 
 (iv) Notwithstanding the foregoing, in the event the Warrant is exercised in connection with the
Company’s initial public offering of Common Stock, the Fair Market Value per share shall be the product of (i) the per share offering price to the public of the Company’s initial public offering, and (ii) the number of shares of
Common Stock into which one Warrant Share is convertible at the time of such exercise. 
 (d) Certificate as to Adjustments. Upon the
occurrence of each adjustment or readjustment of the Purchase Price pursuant to this Section 2, the Company at its expense shall, as promptly as reasonably practicable but in any event not later than ten (10) days thereafter, compute such
adjustment or readjustment in accordance with the terms hereof and furnish to the Registered Holder a certificate setting forth such adjustment or readjustment (including the kind and amount of securities, cash or other property for which this
Warrant shall be exercisable and the Purchase Price) and showing in detail the facts upon which such adjustment or readjustment is based. The Company shall, as promptly as reasonably practicable after the written request at any time of the
Registered Holder (but in any event not later than ten (10) days thereafter), furnish or cause to be furnished to the Registered Holder a certificate setting forth (i) the Purchase Price then in effect and (ii) the number of Warrant
Shares and the amount, if any, of other securities, cash or property which then would be received upon the exercise of this Warrant. 

  
 4 

 3. No Fractional Shares. The Company shall not be required upon the exercise of this Warrant to
issue any fractional shares of Common Stock, but shall pay the value thereof to the Registered Holder in cash on the basis of the Fair Market Value per share of Common Stock, as determined pursuant to Section 2(c) above. 

4. Transfers, etc. 
 (a)
Notwithstanding anything to the contrary contained herein, this Warrant and the Warrant Shares shall not be sold or transferred (“Transfer”) unless either (i) they first shall have been registered under the Securities Act, or
(ii) such sale or transfer shall be exempt from the registration requirements of the Securities Act and the Company shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such sale
or transfer is exempt from the registration requirements of the Securities Act and any proposed subsequent transferee in such Transfer prior to a Qualified IPO will execute the Restriction Agreement attached hereto as Exhibit III and deliver such
Restriction Agreement to the Company as a condition to such Transfer. Notwithstanding the foregoing, no registration or opinion of counsel shall be required for (i) a transfer by a Registered Holder which is an entity to a wholly owned
subsidiary of such entity, a transfer by a Registered Holder which is a partnership to a partner of such partnership or a retired partner of such partnership or to the estate of any such partner or retired partner, or a transfer by a Registered
Holder which is a limited liability company to a member of such limited liability company or a retired member or to the estate of any such member or retired member, provided that the transferee in each case agrees in writing to be subject to
the terms of this Section 4, or (ii) a transfer made in accordance with Rule 144 under the Securities Act. 
 (b) Any certificate
that may be issued representing Warrant Shares shall bear a legend substantially in the following form, in addition to any other legends: 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND
NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION UNDER SUCH ACT OR AN EXEMPTION FROM REGISTRATION, WHICH, IN THE OPINION OF COUNSEL
REASONABLY SATISFACTORY TO COUNSEL FOR THIS CORPORATION, IS AVAILABLE. 
 The foregoing legend shall be removed from the certificates
representing any Warrant Shares, at the request of the holder thereof, following any sale of such Warrant Shares pursuant to Rule 144 under the Securities Act (and the holder thereof has submitted a written request for removal of the legend
indicating that the holder has complied with the applicable provisions of Rule 144) or at such time as the Warrant Shares are sold or transferred in accordance with the requirements of a registration statement of the Company on such form as may then
be in effect. 
 (c) In addition to the legend set forth on Section 4(b), the Registered Holder understands that any Warrant Shares
issued prior to the Lock-up Release Date will bear a legend substantially to the following effect (subject to appropriate modification to reflect changes to the terms of the restrictions applicable to the
Warrant Shares pursuant to the Restriction Agreement): 

  
 5 

 THIS SECURITY MAY NOT BE TRANSFERRED OR OTHERWISE DISPOSED OF PRIOR TO THE DAY THAT IS ON OR
AFTER THE EARLIEST TO OCCUR OF (1) THE DAY THAT IS 180 DAYS FOLLOWING 
 THE DATE OF THE FINAL PROSPECTUS FOR THE QUALIFIED IPO,
(2) IF ALL EXECUTIVE OFFICERS, DIRECTORS AND STOCKHOLDERS OF MORE THAN 1% OF THE COMMON EQUITY OF THE COMPANY ENTER INTO CUSTOMARY LOCK-UP AGREEMENTS WITH THE APPLICABLE UNDERWRITERS IN CONNECTION WITH
THE QUALIFIED IPO, THE EARLIEST DAY ON WHICH ANY SUCH LOCK-UP AGREEMENTS EXPIRE, (3) IF LESS THAN ALL EXECUTIVE OFFICERS, DIRECTORS AND STOCKHOLDERS OF MORE THAN 1% OF THE COMMON EQUITY OF THE COMPANY
ENTER INTO CUSTOMARY LOCK-UP AGREEMENTS WITH THE APPLICABLE UNDERWRITERS IN CONNECTION WITH THE QUALIFIED IPO, THE DAY THAT THE QUALIFIED IPO IS CONSUMMATED AND (4) SUCH DATE ON WHICH THE LOCK-UP AGREEMENTS OTHERWISE TERMINATE OR EXPIRE. “QUALIFIED IPO” MEANS A FIRMLY UNDERWRITTEN REGISTERED PUBLIC OFFERING OF COMMON STOCK, PAR VALUE $0.0001 PER SHARE, OF THE COMPANY (THE “COMMON
STOCK”) THAT RESULTS IN AGGREGATE GROSS PROCEEDS TO THE COMPANY OF AT LEAST $150.0 MILLION, AND AFTER WHICH THE COMMON STOCK IS LISTED FOR TRADING OR QUOTED ON THE NEW YORK STOCK EXCHANGE, THE NASDAQ GLOBAL SELECT MARKET OR THE NASDAQ GLOBAL
MARKET (OR ANY OF THE RESPECTIVE SUCCESSORS). 
 (d) The Company will maintain a register containing the name and address of the
Registered Holder of this Warrant. The Registered Holder may change its address as shown on the warrant register by written notice to the Company requesting such change. 

(e) Subject to the provisions of this Section 4 hereof, this Warrant and all rights hereunder are transferable, in whole or in part, upon
surrender of this Warrant with a properly executed assignment (in the form of Exhibit II hereto) at the principal office of the Company (or, if another office or agency has been designated by the Company for such purpose, then at such other
office or agency). 
 5. Representations; Warranties and Certain Agreements of Registered Holder. Registered Holder hereby represents and
warrants to, and agrees with, the Company, that: 
 (a) Purchase for Own Account. The Securities will be acquired not with a view to
the public resale or distribution thereof within the meaning of the Securities Act, and Registered Holder has no present intention of selling, granting any participation in, or otherwise distributing the Securities in violation of the Securities
Act. 

  
 6 

 (b) Disclosure of Information. Registered Holder has received or has had full access to
all the information it considers necessary or appropriate to make an informed investment decision with respect to the Securities. Registered Holder further has had an opportunity to ask questions and receive answers from the Company regarding the
terms and conditions of the offering of the Securities and to obtain additional information (to the extent the Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify any information
furnished to Registered Holder or to which Registered Holder had access. 
 (c) Investment Experience. Registered Holder understands
that the purchase of the Securities involves substantial risk. Registered Holder (a) has experience as an investor in securities of companies in the development stage and acknowledges that Registered Holder is able to fend for itself, can bear
the economic risk of Registered Holder’s investment in the Securities and has such knowledge and experience in financial or business matters that Registered Holder is capable of evaluating the merits and risks of this investment in the
Securities and protecting its own interests in connection with this investment and/or (b) has a preexisting personal or business relationship with the Company and certain of its officers, directors or controlling Persons of a nature and
duration that enables such Registered Holder to be aware of the character, business acumen and financial circumstances of such Persons. 

(d) Accredited Investor Status. Such Registered Holder is familiar with the definition of, and qualifies as, an “accredited
investor” within the meaning of Regulation D promulgated under the Securities Act. 
 (e) Restricted Securities. Registered
Holder understands that the Securities are characterized as “restricted securities” under the Securities Act and Rule 144 promulgated thereunder inasmuch as they are being acquired from the Company in a transaction not involving a public
offering, and that under the Securities Act and applicable regulations thereunder such securities may be resold without registration under the Securities Act only in certain limited circumstances. In this connection, Registered Holder is familiar
with Rule 144, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act. Registered Holder understands that the Company is under no obligation to register any of the securities sold hereunder.
Registered Holder understands that no public market now exists for any of the Securities and that it is uncertain whether a public market will ever exist for the Securities. 

(f) No Solicitation. At no time was Registered Holder presented with or solicited by any publicly issued or circulated newspaper, mail,
radio, television or other form of general advertising or solicitation in connection with the offer, sale and purchase of the Securities. 
 6. Notices
of Record Date, Etc. In the event: 
 (a) the Company shall take a record of the holders of its shares of Common Stock (or other
securities at the time deliverable upon the exercise of this Warrant) for the purpose of entitling or enabling them to receive any dividend or other distribution, or to receive any right to subscribe for or purchase any other securities, or to
receive any other right; or 

  
 7 

 (b) of any capital reorganization of the Company, any reclassification of the shares of Common
Stock of the Company, any consolidation or merger of the Company with or into another corporation, or any transfer of all or substantially all of the assets of the Company; or 

(c) of the voluntary or involuntary dissolution, liquidation or winding-up of the Company, 

then, and in each such above case, the Company will send or cause to be sent to the Registered Holder a notice specifying, as the case may be, (i) the
record date for such dividend, distribution or right, and the amount and character of such dividend, distribution or right, or (ii) the effective date on which such reorganization, reclassification, consolidation, merger, transfer, dissolution,
liquidation or winding-up is to take place, and the time, if any is to be fixed, as of which the holders of record of shares of Common Stock (or such other securities at the time deliverable upon the exercise
of this Warrant) shall be entitled to exchange their shares of Common Stock (or such other securities) for securities or other property deliverable upon such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation
or winding-up. Such notice shall be sent at least ten (10) days prior to the record date or effective date for the event specified in such notice. 

7. Reservation of Stock. The Company will at all times reserve and keep available, solely for issuance and delivery upon the exercise of this
Warrant, such number of shares of Common Stock and other securities, cash and/or property, as from time to time shall be issuable upon the exercise of this Warrant. 

8. Exchange or Replacement of Warrants. 

(a) Upon the surrender by the Registered Holder, properly endorsed, to the Company at the principal office of the Company, the Company will,
subject to the provisions of Section 4 hereof, issue and deliver to or upon the order of the Registered Holder, at the Company’s expense, a new warrant or warrants of like tenor, in the name of the Registered Holder or as the Registered
Holder (upon payment by the Registered Holder of any applicable transfer taxes) may direct, calling in the aggregate on the face or faces thereof for the number of Warrant Shares (or other securities, cash and/or property) then issuable upon
exercise of this Warrant. 
 (b) Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant and (in the case of loss, theft or destruction) upon delivery of an indemnity agreement (with surety if reasonably required) in an amount reasonably satisfactory to the Company, or (in the case of mutilation) upon
surrender and cancellation of this Warrant, the Company will issue, in lieu thereof, a new warrant of like tenor. 
 9. Notices. All notices
and other communications from the Company to the Registered Holder in connection herewith shall be mailed by certified or registered mail, postage prepaid, or sent via a reputable nationwide overnight courier service guaranteeing next business day
delivery, to the address last furnished to the Company in writing by the Registered Holder. All notices and other communications from the Registered Holder to the Company in connection 

  
 8 

 
herewith shall be mailed by certified or registered mail, postage prepaid, or sent via a reputable nationwide overnight delivery service guaranteeing next business day delivery, to the Company at
its principal office set forth below. If the Company should at any time change the location of its principal office to a place other than as set forth below, it shall give prompt written notice to the Registered Holder and thereafter all references
in this Warrant to the location of its principal office at the particular time shall be as so specified in such notice. All such notices and communications shall be deemed delivered one business day after being sent via a reputable international
overnight courier service guaranteeing next business day delivery. 
 10. No Rights or Liabilities as Stockholder. This Warrant does not by
itself entitle Registered Holder to any voting rights or other rights as a stockholder of the Company. In the absence of affirmative action by Registered Holder to purchase Warrant Shares by exercise of this Warrant, no provisions of this Warrant,
and no enumeration herein of the rights or privileges of Registered Holder, shall cause Registered Holder to be a stockholder of the Company for any purpose. 

11. Amendment or Waiver. Any term of this Warrant may be amended or waived (either generally or in a particular instance and either retroactively
or prospectively) with the written consent of the Company and the holders of Company Warrants representing at least a majority of the number of shares of Common Stock then subject to outstanding Company Warrants. 

12. Section Headings. The section headings in this Warrant are for the convenience of the parties and in no way alter, modify, amend, limit or
restrict the contractual obligations of the parties. 
 13. Governing Law. This Warrant will be governed by and construed in accordance with
the internal laws of the State of Delaware (without reference to the conflicts of law provisions thereof). 
 14. Facsimile Signatures. This
Warrant may be executed by facsimile signature. 
 15. Certain Definitions. The following definitions shall apply for purposes of this Warrant:

 “Common Equity” of any Person means capital stock of such Person that is generally entitled to (a) vote in the
election of directors of such Person or (b) if such Person is not a corporation, to vote or otherwise participate in the selection of the governing body, partners, managers or others that will control the management or policies of such Person.

 “Lock-up Agreements” shall have the meaning specified in the definition of Lock-up Release Date. 
 “Lock-up Release Date”
means the day that is the earliest of (i) the day that is 180 days following the date of the final prospectus for the Qualified IPO, (ii) if all executive officers, directors and stockholders of more than 1% of the Common Equity of the
Company enter into customary lock-up agreements (the “Lock-up Agreements”) with the applicable underwriters in connection with the Qualified IPO, the
earliest day on which any such lock-up agreements expire, (iii) if less than all executive officers, directors and stockholders of more than 1% of the Common Equity of the Company enter into Lock-up Agreements with the applicable underwriters in connection with the Qualified IPO, the day that the Qualified IPO is consummated and (iv) such date on which the
Lock-up Agreements otherwise terminate or expire. 

  
 9 

 “Person” means an individual, corporation, limited liability company,
partnership, association, joint-stock company, trust, unincorporated organization, joint venture or other entity or any governmental authority. 

“Qualified IPO” means the first firmly underwritten registered public offering of Common stock that results in aggregate
gross proceeds to the Company of at least $150.0 million, and after which the Common Stock is listed for trading or quoted on The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or any of the respective
successors). 
 “Registration Rights Agreement” means the Eighth Amended and Restated Registration Rights Agreement, dated
as of June 30, 2011, by and between the Company and the investors listed on the signature pages thereto, as such agreement may be amended, modified or supplemented from time to time. 

“Restriction Agreement” means a restriction agreement in the form of Exhibit III hereto that is executed by each Registered
Holder on the issue date of the Warrant and that must be executed by a transferee of Warrants and delivered to the Company prior to taking possession of Warrants if possession of Warrants is to occur prior to the
Lock-up Release Date. 
 “SEC” means the U.S. Securities and Exchange Commission.

 [Signature Page to Follow] 

  
 10 

 EXECUTED as of the Date of Issuance indicated above. 

 

					
	BLOOM ENERGY CORPORATION
		
	By:	 	 /s/ Randy Furr

		 	Name:	 	Randy Furr
		 	Title:	 	Chief Financial Officer
		 	Address:	 	1299 Orleans Drive
		 		 	Sunnyvale, CA 94089
	
	CANADA PENSON PLAN INVESTMENT BOARD
		
	By:	 	 /s/ Eric Wetlaufer

		 	Name:	 	Eric Wetlaufer
		 	Title:	 	Senior Managing Director
		 		 	& Global Head of Public Market Investments
		 	Address:	 	1 Queen Street East, Suite 2500
		 		 	Toronto, ON MSC 2W5 Canada
		
	By:	 	 /s/ Scott Lawrence

		 	Name:	 	Scott Lawrence
		 	Title:	 	Managing Director
		 		 	& Head of Fundamental Equities
		 	Address:	 	1 Queen Street East, Suite 2500
		 		 	Toronto, ON MSC 2W5 Canada

 EXHIBIT I 

PURCHASE FORM 
  

			
	To: Bloom Energy Corporation	  	Dated:                

 The undersigned, pursuant to the provisions set forth in the attached Warrant (No. C-005), hereby irrevocably elects to purchase                         shares of Common Stock of
Bloom Energy Corporation, a Delaware corporation, covered by such Warrant. 
 The undersigned intends that payment of the Purchase Price
shall be made as: 
         a Cash Exercise with respect to
                             Warrant Shares; 

and/or 

        a Cashless Exercise with respect to
                                 Warrant Shares. 

This exercise ☐ IS ☐ IS NOT conditioned upon the completion of the Qualified IPO that has been described in a Transaction Notice,
dated                                    , delivered by the Company
to Holder pursuant to Section 1 of the Warrant. 
 The undersigned hereby confirms the representations and
warranties in Section 5 of the Warrant as they apply to the undersigned are true and complete as of this date. 
 The undersigned
herewith makes payment of the full Purchase Price for such shares of Common Stock at the price per share provided for in such Warrant. 
  

	
	Canada Pension Plan Investment Board
	
	Signature:
                                         
                       
	 Address:
                                         
                         

                          
                                         
              

 EXHIBIT II 

ASSIGNMENT FORM 
 FOR
VALUE RECEIVED,
                                         hereby
sells, assigns and transfers all of the rights of the undersigned under the attached Warrant (No. C-005) with respect to the number of shares of Common Stock of Bloom Energy Corporation, a Delaware
corporation, covered thereby set forth below, unto: 
  

					
	Name of Assignee	  	Address 	  	No. of Shares

 The undersigned hereby agrees that it will not sell, assign or transfer the right, title and interest in and to the Warrant
unless applicable federal and state securities laws have been complied with. 
  

					
		 	Dated:	 	 

					
			
		 	Signature:	 	 

					
			
		 	By:	 	 

 Canada Pension Plan Investment Board 

 EXHIBIT III 

RESTRICTION AGREEMENT 
 [______________],
[_____] 
 Via Facsimile: 408-543-1160 

Bloom Energy Corporation 
 1299 Orleans Drive 

Sunnyvale, California 94089 
 Ladies and Gentlemen: 

In connection with the receipt by the undersigned (the “Investor”) of a Warrant to purchase 469,333 shares of Warrant Shares
issued by Bloom Energy Corporation (the “Company”) pursuant to the terms of that certain Common Stock Purchase Warrant, dated August 31, 2017, the Investor hereby acknowledges and agrees that, if all of the Company’s
executive officers, directors and stockholders of more than 1% of the Common Equity (as defined in the Warrant) of the Company enter into lock-up agreements (the
“Lock-up Agreements”) with the applicable underwriters in connection with the filing of a registration statement including a prospectus setting forth an estimated offering price range with the
Securities and Exchange Commission (the “SEC”) that is reasonably anticipated at the time of such filing to result in a Qualified IPO, upon the Company’s request, it will enter into a
lock-up agreement with the underwriters of such Qualified IPO and upon such underwriters request, it will agree, effective no later than one week prior to the distribution of a preliminary prospectus in
connection with the commencement of marketing activities in respect of such contemplated Qualified IPO, not to (a) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase or otherwise transfer or dispose of, directly or indirectly, any shares of Common Equity of the Company or any securities convertible into or exercisable or exchangeable for Common Equity of the Company
(whether such shares or any such securities are then owned by the Investor or are thereafter acquired) or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of the Common Equity of the Company, whether any such transaction described in clause (a) or (b) above is to be settled by delivery of Common Equity or such other securities, in cash or otherwise, without the prior written consent of the
Company or such underwriters, as the case may be; provided that such lock-up agreement shall not restrict the ability of such Registered Holder of Warrants to exercise such Warrants, is not more
restrictive in any material respect than the Lock-up Agreements, and includes provisions for the pro rata release from such lock-up agreement entered into
by the Investor of shares of Common Equity or other securities subject thereto upon the release of such shares or other securities from the Lock-up Agreements and contains provisions otherwise at least as
favorable to such Investor as those contained in the Lock-up Agreements, in each case no less favorable than the lock-up provisions included in the Registration Rights
Agreement as it exists on the Issue Date; provided, further that, (1) the pro rata release provision shall not apply (a) unless the underwriters have first waived more than 1%, in the aggregate, of the Common Equity of
the Company from such prohibitions or (b)(i) if the release or waiver is effected solely 

 
to permit a transfer not for consideration and (ii) the transferee has agreed in writing to be bound by the same terms described in this letter agreement, and (2) if the release or
waiver is granted solely to allow a holder of Common Equity of the Company to participate as a selling stockholder in a follow-on public offering of such Common Equity of the Company pursuant to a registration
statement that is filed with the SEC, the pro rata release provision shall apply only to the extent necessary to allow an Investor to participate in such follow-on offering with respect to securities sold by
the Investor in such offering. 
 The underwriters in connection with the Company’s Qualified IPO are intended third party
beneficiaries of this letter agreement and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. Each Investor agrees that the Company may instruct its transfer agent to place stop-transfer
notations in its records to enforce the provisions of this letter agreement until the end of lock-up period. 

Defined terms used but not defined herein have the meaning assigned to them in the Warrant.     

 

			
	Sincerely,

 
			
	CANADA PENSION PLAN INVESTMENT BOARD

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	[For any Investor requiring a second signature line]

 
			
		
	By:	 	  

		 	Name:
		 	Title:EX-4.24

 Exhibit 4.24 

EXECUTION VERSION 
 SECOND
SUPPLEMENTAL INDENTURE, OMNIBUS AMENDMENT TO NOTES AND LIMITED WAIVER 
 SECOND SUPPLEMENTAL INDENTURE, OMNIBUS AMENDMENT TO NOTES AND
LIMITED WAIVER (this “Supplemental Indenture, Omnibus Amendment and Limited Waiver”), dated as of June 29, 2017, by and among Bloom Energy Corporation, a Delaware corporation (the “Company”), as issuer, Rye
Creek LLC, a Delaware limited liability company, as guarantor (the “Guarantor”), and U.S. Bank National Association, as trustee (the “Trustee”) and collateral agent (the “Collateral Agent”) under
the Indenture referred to below. 
 WHEREAS, the Company and the Guarantor previously executed and delivered to the Trustee and the
Collateral Agent an Indenture (as amended by the First Supplemental Indenture, the “Indenture”), dated as of December 15, 2015, providing for the issuance of 5.0% Convertible Senior Secured PIK Notes due 2020 (the
“Notes”); 
 WHEREAS, the Company, the Guarantor and the Trustee previously amended the Indenture pursuant to a First
Supplemental Indenture, dated as of September 20, 2016 (the “First Supplemental Indenture”), to, among other things, provide for the issuance of Notes (exclusive of PIK Notes) up to an aggregate principal amount of
$260,000,000; 
 WHEREAS, pursuant to Section 10.02 of the Indenture, the Company and the Trustee may, with the consent of Holders of
at least the Minimum Principal Amount of Notes then outstanding (the “Required Holders”), from time to time amend or supplement the Indenture Documents (including, without limitation, the Indenture and the Notes) to amend the
provisions thereof or enter into waivers that waive any of the provisions of the Indenture Documents; and 
 WHEREAS, the Company desires to
amend the provisions of the Indenture and the Notes and enter into the limited waiver as set forth herein. 
 NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2. Amendment of Indenture. 
  

	 	a.	Section 1.01 of the Indenture shall be amended by adding the following defined term in proper alphabetical order: 

““Applicable Rate” means (a) if the aggregate outstanding principal amount of the Revenue Notes is greater than or
equal to $67.0 million, 6.0% per year, (b) if the aggregate outstanding principal amount of the Revenue Notes is less than $67.0 million and greater than or equal to $33.0 million, 5.67% per year, (c) if the aggregate
outstanding principal amount of the Revenue Notes is less than $33.0 million and greater than $0.0, 5.5% per year, and (d) otherwise 5.0% per year.” 

“Qualified Capital Raise” means the first firmly underwritten registered public offering of Common Stock the net proceeds
(after deduction of underwriting discounts and commissions and offering expenses) to the Company from which, when aggregated with the net proceeds (after deduction of underwriting discounts and commissions and offering expenses) to the Company from
any and all prior firmly underwritten registered public offerings of Common Stock, exceed $250.0 million. 

 “Revenue Notes” means up to $150 million in aggregate principal amount of
senior secured notes, if any, to be issued by the Company on or following the date hereof pursuant to that certain Note Purchase Agreement, dated as of June 29, 2017, by and among the Company, the guarantors party thereto and the investors
listed on Schedule II thereto. 
 “Second Supplemental Indenture Date” means June 29, 2017. 

 

	 	b.	Section 1.01 of the Indenture shall be amended by amending and restating the definition of “PPA Company” in its entirety as follows: 

“PPA Company” means (i) an Affiliate of the Company that is the project entity (including, for the avoidance of doubt,
any parent company of such project entity whose assets consist solely of 100% of the Capital Stock of such project entity) in a bona fide power purchase agreement program involving one or more third party investors and having a structure (including
capital structure) that is materially consistent with that used in the Company’s past practice (as the same may be modified in good faith by the Company to take into account changes in tax law or industry practice), including the incurrence of
only Indebtedness that is non-recourse to the assets of the Company and its Restricted Subsidiaries and is secured only by the assets of such project entity, (ii) a Wholly-Owned Subsidiary of the Company
whose assets consist solely of the Capital Stock of one or more project entities described in clause (i) above, or (iii) a Wholly-Owned Subsidiary of the Company whose total assets as of any date of determination are less than $100,000 and
whose total revenues for the most recently ended twelve-month period do not exceed $50,000 and who are formed for the purpose of (A) bidding on potential transactions and, if secured, financing, developing and/or operating such transactions in
a fashion similar to the Company’s other power purchase agreement projects, or (B) bidding on awards under federal, state or local incentive programs and passing the benefits of such programs on to the Company or the owner or offtaker of
the applicable fuel cell assets. 
  

	 	c.	Section 1.01 of the Indenture shall be amended by amending and restating the definition of “Permitted Investment” in its entirety as follows: 

““Permitted Investment” means: 
  

	 	(a)	any Investment in a PPA Company; provided that, with respect to any such Investment made on or after the Second Supplemental Indenture Date and prior to the Qualified Capital Raise the amount of such Investment,
when aggregated with all other Investments in PPA Companies during such period, shall not exceed $25,000,000 in the aggregate unless the Holders of a majority in aggregate principal amount of the Notes shall have consented thereto in writing;

  

	 	(b)	any Investment in a Guarantor; 

  

	 	(c)	 any Investment in a Pledged Foreign Subsidiary; provided that, with respect to any such Investment made on
or after the Second Supplemental Indenture Date and prior to the Qualified Capital Raise the amount of such Investment, when 

  
 2 

	 	
aggregated with all other Investments in Pledged Foreign Subsidiaries during such period, shall not exceed $25,000,000 in the aggregate unless the Holders of a majority in aggregate principal
amount of the Notes shall have consented thereto in writing; 

  

	 	(d)	any Investment in any Subsidiary of the Company made (i) at any time following the Qualified Capital Raise; provided that, on the date of such Investment (the “Calculation Date”), the
Investment Collateral Value on the last day of each of the four most recently ended fiscal quarters (with the last of such four fiscal quarters being the most recent quarter for which the Financial Statement Availability Date has occurred) (each
such last day, a “Determination Date”) preceding the Calculation Date exceeds the Threshold Amount as of the Calculation Date, or (ii) with the written consent of the Holders of a majority in aggregate principal amount of the
Notes. 

 The Holders hereby agree that they will not charge the Company any fee in connection with providing consent to any
Investment as contemplated by this definition.” 
  

	 	d.	Section 1.01 of the Indenture shall be amended by amending and restating the definition of “Qualified IPO” in its entirety as follows: 

““Qualified IPO” means the first firmly underwritten registered public offering of Common Stock that results in
aggregate gross proceeds to the Company of at least $75.0 million, and after which the Common Stock is listed for trading or quoted on The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or any of their
respective successors).” 
  

	 	e.	Section 1.01 of the Indenture shall be amended by amending and restating the definition of “Change of Control” in its entirety as follows: 

““Change of Control” means (i) any combination transaction in which the stockholders of the Company immediately
prior to such combination transaction, own less than 50% of the voting power of the surviving or successor entity or its parent immediately after such combination transaction, (ii) any transaction or series of related transactions to which the
Company is a party in which in excess of 50% of the Company’s voting power is transferred, (iii) any sale, lease, or other disposition of all or substantially all of the assets of the Company or (iv) the adoption of a plan by the
Company’s shareholders relating to the Company’s dissolution or liquidation in accordance with the Company’s organizational documents. Notwithstanding the foregoing, no transaction or series of related transactions principally for
bona fide equity financing purposes in which cash is received by the Company or indebtedness of the Company is cancelled or converted, or a combination thereof, nor the transfer by any shareholder of shares of the Company’s capital stock
to any third party in a transaction or series of related transactions to which the Company is not a party, shall be deemed a Change of Control.” 
  

	 	f.	Section 1.01 of the Indenture shall be amended by amending and restating clause (f) of the definition of “Eligible Assets” as follows: 

“(f) following the release of the security interest of the Collateral Agent therein pursuant to Section 17.04(a)(v), Intellectual
Property” 

  
 3 

	 	g.	Section 4.14 of the Indenture shall be amended by deleting the second-to-last sentence of that section. 

 

	 	h.	Section 4.17 of the Indenture shall be amended and restated in its entirety as follows: 

“Section 4.17 Additional Guarantors. The Company will cause each Subsidiary, other than any PPA Company or any Foreign
Subsidiary, to, substantially concurrently with (i) the pledge by such Subsidiary pursuant to Section 4.14 or (ii) the guarantee by such Subsidiary of the Revenue Notes, execute and deliver to the Trustee a supplemental indenture
substantially in the form of Exhibit C attached hereto pursuant to which such Subsidiary shall unconditionally Guarantee, on a senior secured basis, all of the Company’s Obligations under the Indenture Documents on the terms set forth in
this Indenture and the Security Documents until the Note Guarantee of such Person has been released in accordance with the provisions of this Indenture.” 
  

	 	i.	The following new Section 4.20 shall be added immediately following Section 4.19 of the Indenture: 

“Section 4.20. Use of Proceeds of Revenue Notes. The Company shall not use, directly or indirectly, any of the net cash
proceeds received by the Company from the issuance and sale of the Revenue Notes to make any Investment in any Subsidiary that is not a Guarantor. All of the net cash proceeds received by the Company from the issuance and sale of the Revenue Notes
shall be deposited into a deposit account that is subject to a Deposit Account Control Agreement at the time of deposit upon or promptly after receipt thereof.” 
  

	 	j.	Clause (4) of Section 17.02(a) of the Indenture shall be amended and restated in its entirety as follows: 

“(4) entry into Deposit Account Control Agreements (as defined in the Security Agreement) and securities account control agreements (in
each case other than with respect to Excluded Deposit Accounts (as defined in the Security Agreement)) in accordance with Section 4.09 of the Security Agreement,” 
  

	 	k.	Clause (v) of Section 17.04(a) of the Indenture shall be amended and restated in its entirety as follows: 

“(v) upon the request of the Company pursuant to an Officer’s Certificate at any time after the Qualified Capital Raise, all
Intellectual Property constituting Collateral; and” 
  

	 	l.	Exhibit A to the Indenture shall be amended by deleting Exhibit A in its entirety and replacing it with Exhibit A hereto. 

3. Amendment of Notes. 
  

	 	a.	Each of the Notes issued on or prior to the date hereof shall be deemed amended by deleting the stricken text (indicated in the same manner as the following example: stricken text) and adding the
double-underlined text (indicated in the same manner as the following example: double-underlined text) by making the following amendments: 

“This Note shall bear interest at the rate of 5.0%Applicable
Rate from [                ], or from the most recent date to which interest had been paid or provided for to, but excluding, the next

  
 4 

 
scheduled Interest Payment Date until December 1, 2020. The Applicable Rate for any Interest Period shall be determined as of the
first day of such Interest Period by the Company and notice of the Applicable Rate shall be delivered by the Company to the Trustee promptly after the first day of such Interest Period. Interest is payable monthly in arrears on each
January 1, February 1, March 1, April 1, May 1, June 1, July 1, August 1, September 1, October 1, November 1 and December 1, commencing on
[                ], to Holders of record at the close of business on the preceding December 15, January 15, February 15, March 15, April 15,
May 15, June 15, July 15, August 15, September 15, October 15 and November 15 (whether or not such day is a Business Day), respectively. Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months or, in the case of a partial month, the number of days elapsed over a 30-day month.
Additional Interest will be payable as set forth in Section 4.10 and Section 6.04 of the within-mentioned Indenture, and any reference to interest on, or in respect of, any Note therein shall be deemed to include Additional Interest if, in
such context, Additional Interest is, was or would be payable pursuant to Section 4.10 and Section 6.04, and any express mention of the payment of Additional Interest in any provision therein shall not be construed as excluding Additional
Interest in those provisions thereof where such express mention is not made.” 
  

	 	4.	Limited Waiver; Representations and Warranties of the Company.  

  

	 	a.	The Company represents and warrants as follows for the benefit of the Holders, and to induce the Holders to consent to the limited waiver contained in this Section 4: 

The Company has formed each of the following Wholly-Owned Subsidiaries (collectively, the “Financing
Entities”) in the State of Delaware for the purpose of financing future fuel cell installations in connection with power purchase agreements the Company has entered into or intends to enter into in the future: 

 

	 	•	 	Energy Server Use Contracting Company, LLC; 

  

	 	•	 	2017 ESA Project Company, LLC; 

  

	 	•	 	2017 ESA HoldCo, LLC; 

  

	 	•	 	Clean Technologies 2017, LLC; 

  

	 	•	 	2017 Fuel Cell Operating Company I, LLC; and 

  

	 	•	 	2017 Fuel Cell Operating Company II, LLC. 

 The Company has formed each of the
following Wholly-Owned Subsidiaries (collectively, the “Bidding Entities”) in the State of Delaware for the purpose of bidding into state incentive programs and/or responding to requests for proposals for fuel cell installations the
Company has entered into or intends to enter into in the future: 
  

	 	•	 	Bloom Energy NYC Grid Side, LLC; 

  

	 	•	 	Bloom Connecticut Clean Energy Company, LLC; 

  

	 	•	 	Clean Technologies A, LLC; 

  
 5 

	 	•	 	Clean Technologies W, LLC; and 

  

	 	•	 	Bloom Clean Energy Infrastructure, LLC 

 The Financing Entities and the Bidding Entities
(together, the “Enumerated Entities”) have collectively at all times since their formation owned assets with an aggregate value not in excess of $100,000.00. 
  

	 	b.	Subject to the terms and conditions hereof, and in reliance on the representations and warranties of the Company herein contained, compliance by the Company prior to the Second Supplemental Indenture Date with the
provisions of Section 4.13 of the Indenture in connection the formation of the Enumerated Entities and the Investment by the Company prior to the Second Supplemental Indenture Date in the Enumerated Entities in an aggregate amount for all
Enumerated Entities not in excess of $100,000.00 is hereby waived. 

  

	 	c.	Subject to the terms and conditions hereof, and in reliance on the representations and warranties of the Company herein contained, compliance by the Company prior to the Second Supplemental Indenture Date with the
provisions of Section 4.14 of the Indenture with respect to the requirement to cause to be pledged assets of the Enumerated Entities is hereby waived. 

  

	 	d.	Subject to the terms and conditions hereof, and in reliance on the representations and warranties of the Company herein contained, compliance by the Company prior to the Second Supplemental Indenture Date with the
provisions of Section 4.17 of the Indenture with respect to the requirement to cause the Enumerated Entities to become Guarantors is hereby waived. 

  

	 	e.	Subject to the terms and conditions hereof, and in reliance on the representations and warranties of the Company herein contained, any Default or Event of Default that may be deemed to have arisen as a result of any
failure by the Company to comply with the covenants in Section 4.13, 4.14 or 4.17 of the Indenture, but solely to the extent waived in paragraphs b, c and d of this Section 4, is hereby waived. 

 

	 	f.	Nothing in this Section 4 shall be deemed to waive (i) compliance by the Company with the provisions of Section 4.13, 4.14 or 4.17 of the Indenture, except to the limited extent set forth in paragraphs b,
c and d of this Section 4, (ii) compliance on or after the Second Supplemental Indenture Date with the provisions of Sections 4.13, 4.14 and 4.17 of the Indenture, after giving effect to the amendments to the Indenture effected by this
Supplemental Indenture, Omnibus Amendment and Limited Waiver, (iii) any Default or Event of Default that may be deemed to have arisen or that may arise as a result of any event other than the events expressly waived pursuant to paragraphs b, c,
d and e of this Section 4 or (iv) any other provision of this Indenture, except as expressly set forth herein. Nothing in this Section 4 shall limit any right, power or remedy of the Trustee or the Holders under the Indenture, except
to the extent expressly set forth herein. The limited waiver set forth in this Section 4 shall not entitle the Company to any future waiver. 

5. Effect of Supplemental Indenture, Omnibus Amendment and Limited Waiver. Upon the execution of this Supplemental Indenture, Omnibus
Amendment and Limited Waiver, (A) the Indenture and the Notes shall be supplemented and/or amended in accordance herewith, and the amendments effected by this Supplemental Indenture, Omnibus Amendment and Limited Waiver shall form a part of the
Indenture and the Notes, as applicable, for all purposes, (B) the limited waiver effected hereby shall 

  
 6 

 
be effective and (C) every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound by such supplements, amendments and limited waiver. The
exchange of copies of this Supplemental Indenture, Omnibus Amendment and Limited Waiver and of signature pages by facsimile or .pdf transmission shall constitute effective execution and delivery of this Supplemental Indenture, Omnibus Amendment and
Limited Waiver as to the parties hereto. Signatures of the parties hereto transmitted by facsimile or .pdf shall be deemed to be their original signatures for all purposes. 

6. Indenture. Except as is amended or waived by this Supplemental Indenture, Omnibus Amendment and Limited Waiver, the Indenture and
the Notes are in all respects ratified and confirmed, and all the terms, conditions and provisions thereof shall remain in full force and effect. 

7. Governing Law. THIS SUPPLEMENTAL INDENTURE, OMNIBUS AMENDMENT AND LIMITED WAIVER WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK. 
 8. Counterparts. This Supplemental Indenture, Omnibus Amendment and Limited Waiver may be
executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

9. Effect of Headings. The Section headings herein are for convenience only and shall in no way modify or restrict any of the terms or
provisions hereof. 
 10. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the
validity or sufficiency of this Supplemental Indenture, Omnibus Amendment and Limited Waiver or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company. 

11. Enforceability. Each of the Company and the Guarantor hereby represents and warrants that this Supplemental Indenture, Omnibus
Amendment and Limited Waiver is its legal, valid and binding obligation, enforceable against it in accordance with its terms. 
 [Signature
page follows] 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture, Omnibus Amendment
and Limited Waiver to be duly executed and attested, all as of the date first above written. 
  

			
	BLOOM ENERGY CORPORATION
		
	By:	 	/s/ Randy Furr
		 	Name: Randy Furr
		 	Title: Chief Financial Officer and Secretary

  

			
	RYE CREEK LLC
		
	By:	 	BLOOM ENERGY CORPORATION, its sole member

  

			
		
	By:	 	/s/ Randy Furr
		 	Name: Randy Furr
		 	Title: Chief Financial Officer and Secretary

  

			
	 U.S. BANK NATIONAL ASSOCIATION,
as
Trustee

 
			
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page to Second Supplemental Indenture, Omnibus Amendment to Notes and Limited Waiver –
5.0% 
 Convertible Senior Secured PIK Notes due 2020] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture, Omnibus Amendment
and Limited Waiver to be duly executed and attested, all as of the date first above written. 
  

			
	BLOOM ENERGY CORPORATION
		
	By:	 	 
		 	Name: Randy Furr
		 	Title: Chief Financial Officer and Secretary

  

			
	RYE CREEK LLC
		
	By:	 	BLOOM ENERGY CORPORATION, its sole member

  

			
		
	By:	 	 
		 	Name: Randy Furr
		 	Title: Chief Financial Officer and Secretary

  

			
	 U.S. BANK NATIONAL ASSOCIATION,
as Trustee

		
	By:	 	/s/ Bradley E. Scarbrough
		 	Name: Bradley E. Scarbrough
		 	Title: Vice President

  
 2 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [INCLUDE
FOLLOWING LEGEND IF A GLOBAL NOTE] 
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREUNDER IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
 [INCLUDE FOLLOWING LEGEND IF A
RESTRICTED SECURITY] 
 [THE SALE OF THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND, ACCORDINGLY, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), THIS NOTE AND ANY SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE OFFERED, RESOLD OR OTHERWISE TRANSFERRED,
EXCEPT: 
 (A) TO BLOOM ENERGY CORPORATION (THE “COMPANY”) OR ANY SUBSIDIARY THEREOF; 

(B) PURSUANT TO, AND IN ACCORDANCE WITH, A REGISTRATION STATEMENT THAT IS EFFECTIVE UNDER THE SECURITIES ACT AT THE TIME OF
SUCH TRANSFER; 
 (C) TO A PERSON THAT YOU REASONABLY BELIEVE TO BE A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE
144A UNDER THE SECURITIES ACT OR TO A PERSON THAT YOU REASONABLY BELIEVE TO BE AN INSTITUTIONAL ACCREDITED INVESTOR AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT; OR 

(D) UNDER ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (INCLUDING, IF AVAILABLE, THE
EXEMPTION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT). 

  
 A-1 

 THE “RESALE RESTRICTION TERMINATION DATE” MEANS THE LATER OF: (1) THE DATE
THAT IS ONE YEAR AFTER THE LAST DATE OF ORIGINAL ISSUANCE OF THE NOTES OR SUCH SHORTER PERIOD OF TIME PERMITTED BY RULE 144 OR ANY SUCCESSOR PROVISION THERETO; AND (2) SUCH OTHER DATE AS MAY BE REQUIRED BY APPLICABLE LAW. 

WITH RESPECT TO ANY TRANSFER PURSUANT TO THE FOREGOING CLAUSE (D), PRIOR TO THE RESALE RESTRICTION TERMINATION DATE, THE COMPANY AND THE NOTE
REGISTRAR RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THEY MAY REASONABLY REQUIRE AND MAY RELY UPON TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.] 

  
 A-2 

 Bloom Energy Corporation 

5.0% Convertible Senior Secured PIK Note due 2020 

[PIK]1 
  

No.
[_____]                                        
                                         
                                         
  [Initially]2 $[_________] 
 CUSIP No. [_________]     

Bloom Energy Corporation, a corporation duly organized and validly existing under the laws of the State of Delaware (the
“Company,” which term includes any successor corporation or other entity under the Indenture referred to on the reverse hereof), for value received hereby promises to pay to [CEDE & CO.]3 [_______]4, or registered assigns, the principal sum [as set forth in the “Schedule of Exchanges of Notes” attached hereto]5 [of $[_______]]6, which amount, taken together with the principal amounts of all other outstanding Notes, shall not, unless permitted by the
Indenture, exceed $1[__],000,000 in aggregate at any time, [in accordance with the rules and procedures of the Depositary,] on December 1, 2020, and interest thereon as set forth below. 

This Note shall bear interest at the Applicable Rate from
[                ], 2015, or from the most recent date to which interest had been paid or provided for to, but excluding, the next scheduled Interest Payment Date until
December 1, 2020. The Applicable Rate for any Interest Period shall be determined as of the first day of such Interest Period by the Company and notice of the Applicable Rate shall be delivered by the Company to the Trustee promptly after the
first day of such Interest Period. Interest is payable monthly in arrears on each January 1, February 1, March 1, April 1, May 1, June 1, July 1, August 1, September 1, October 1, November 1 and
December 1, commencing on [                ], to Holders of record at the close of business on the preceding December 15, January 15, February 15,
March 15, April 15, May 15, June 15, July 15, August 15, September 15, October 15 and November 15 (whether or not such day is a Business Day), respectively. Accrued interest on the Notes shall be computed
on the basis of a 360-day year composed of twelve 30-day months or, in the case of a partial month, the number of days elapsed over a
30-day month and shall be compounded monthly on the last day of each month. Additional Interest will be payable as set forth in Section 4.10 and Section 6.04 of the within-mentioned Indenture, and
any reference to interest on, or in respect of, any Note therein shall be deemed to include Additional Interest if, in such context, Additional Interest is, was or would be payable pursuant to Section 4.10 and Section 6.04, and any express
mention of the payment of Additional Interest in any provision therein shall not be construed as excluding Additional Interest in those provisions thereof where such express mention is not made. 

 

	1 	Insert on any certificated PIK Notes. 

	2 	Include if a Global Note. 

	3 	Include if a Global Note. 

	4 	Include if a Physical Note. 

	5 	Include if a Global Note. 

	6 	Include if a Physical Note. 

  
 A-3 

 Interest will be payable, at the election of the Company (made by delivering a notice to the
Trustee prior to the beginning of the related Interest Period), (1) entirely in Cash Interest or (2) entirely in PIK Interest. In the absence of an interest payment election, interest on the Notes will be payable in PIK Interest.
Notwithstanding anything to the contrary, the payment of accrued interest shall be made solely in cash, (A) in connection with any redemption or repurchase of Notes as described under Section 13.01, Section 13.02, Section 15.01,
Section 15.02 and Section 15.03 of the Indenture, (1) with respect to all Notes, if the related Redemption Date, Specified Repurchase Date, Fundamental Change Repurchase Date or Change of Control Repurchase Date, as applicable, is
after a Regular Record Date and on or prior to the Scheduled Trading Day immediately following the date on which the corresponding interest payment is made or (2) solely with respect to the Notes to be repurchased or redeemed, if the related
Redemption Date, Specified Repurchase Date, Fundamental Change Repurchase Date or Change of Control Repurchase Date, as applicable, is on any other date, (B) with respect to all Notes, if any Notes are surrendered for conversion after the close
of business on a Regular Record Date for the payment of interest and on or prior to the related Interest Payment Date and (C) on the final Interest Payment Date. 

Following an increase in the principal amount of any outstanding Global Notes as a result of a PIK Payment, such Global Note will bear
interest on such increased principal amount from and after the date of such PIK Payment. Any PIK Notes issued in certificated form will be dated as of the applicable Interest Payment Date and will bear interest from and after such date. All PIK
Notes issued pursuant to a PIK Payment will be governed by, and subject to the terms, provisions and conditions of, the Indenture and shall have the same rights and benefits as the Notes issued on the Issue Date. 

Any Defaulted Amounts shall accrue interest per annum at the rate borne by the Notes, subject to the enforceability thereof under
applicable law, from, and including, the relevant payment date to, but excluding, the date on which such Defaulted Amounts shall have been paid by the Company, at its election, in accordance with Section 2.03(d) of the Indenture. 

The Company shall pay the principal of and interest (other than PIK Interest) on this Note, if and so long as such Note is a Global Note, in
immediately available funds to the Depositary or its nominee, as the case may be, as the registered Holder of such Note. As provided in and subject to the provisions of the Indenture, the Company shall pay the principal of any Notes (other than
Notes that are Global Notes) at the office or agency designated by the Company for that purpose. The Company has initially designated the Trustee as its Paying Agent, Note Registrar, Custodian and Conversion Agent in respect of the Notes and its
agency in the continental United States of America as a place where Notes may be presented for payment, repurchase, or conversion or for registration of transfer and exchange. 

At all times, PIK Interest on the Notes will be payable (x) with respect to Notes represented by one or more Global Notes registered in
the name of, or held by, DTC or its nominee on the relevant Regular Record Date, by increasing the principal amount of the outstanding Global Note by an amount equal to the amount of PIK Interest for the applicable Interest Period (rounded to the
nearest whole dollar, with amounts of $0.50 or more being rounded up), or by issuing a new Global Note, if required pursuant to the applicable procedures of the Depositary, in each case, as provided in writing by the Company in a Company Order to

  
 A-4 

 
the Trustee, and the Trustee, at the written request of the Company, will record such increase in such Global Note and (y) with respect to Notes represented by Physical Notes, by issuing PIK
Notes in certificated form in an aggregate principal amount equal to the amount of PIK Interest for the applicable Interest Period (rounded to the nearest whole dollar, with amounts of $0.50 or more being rounded up), and the Trustee will, at the
written request of the Company in a Company Order, authenticate and deliver such PIK Notes in certificated form for original issuance to the Holders on the relevant Regular Record Date, as shown in the register of the Note Registrar. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, including, without limitation, provisions giving the
Holder of this Note the right to convert this Note into shares of Common Stock on the terms and subject to the limitations set forth in the Indenture. Such further provisions shall for all purposes have the same effect as though fully set forth at
this place. 
 This Note, and any claim, controversy or dispute arising under or related to this Note, shall be construed in accordance
with and governed by the laws of the State of New York. 
 In the case of any conflict between this Note and the Indenture, the
provisions of the Indenture shall control and govern. 
 This Note shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been signed manually by the Trustee or a duly authorized authenticating agent under the Indenture. 

[Remainder of page intentionally left blank] 

  
 A-5 

 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

 

			
	BLOOM ENERGY CORPORATION

 
			
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	U.S. BANK NATIONAL ASSOCIATION
as Trustee, certifies that this is one of the Notes described in the within-named Indenture.

			
		
	By:	 	 
		 	Authorized Signatory

 Dated: 

  
 A-6 

 [FORM OF REVERSE OF NOTE] 

Bloom Energy Corporation 
 5.0%
Convertible Senior Secured PIK Note due 2020 
 This Note is one of a duly authorized issue of Notes of the Company, designated as its 5.0%
Convertible Senior Secured PIK Notes due 2020 (the “Notes”), limited to the aggregate principal amount of $260,000,000 all issued or to be issued under and pursuant to an Indenture dated as of December 15, 2015 (the
“Indenture”), between the Company and U.S. Bank National Association, a national banking association, as trustee (the “Trustee”) and collateral agent (the “Collateral Agent”), as amended by
(i) the First Supplemental Indenture, dated as of September 20, 2016 (the “First Supplemental Indenture”), between the Company, Rye Creek LLC, a Delaware limited liability company, and the Trustee and Collateral Agent and
(ii) the Second Supplemental Indenture, dated as of June 29, 2017 (the “Second Supplemental Indenture”), between the Company, Rye Creek LLC, a Delaware limited liability company, and the Trustee and Collateral Agent, to
which Indenture, First Supplement Indenture, Second Supplemental Indenture, and all other indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder
of the Trustee, the Company and the Holders of the Notes. Additional Notes may be issued subject to certain conditions specified in the Indenture. Capitalized terms used in this Note and not defined in this Note shall have the respective meanings
set forth in the Indenture. 
 In case certain Events of Default shall have occurred and be continuing, the principal of, and interest on,
all Notes may be declared, by either the Trustee or Holders of at least 25% in aggregate principal amount of Notes then outstanding, and upon said declaration shall become, due and payable, in the manner, with the effect and subject to the
conditions and certain exceptions set forth in the Indenture. 
 Subject to the terms and conditions of the Indenture, the Company will make
all payments and deliveries in respect of the Fundamental Change Repurchase Price, Change of Control Repurchase Price or the Specified Repurchase Date Price on the Fundamental Change Repurchase Date, Change of Control Repurchase Date or the
Specified Repurchase Date, as applicable, and the principal amount on the Maturity Date, as the case may be, to the Holder who surrenders a Note to a Paying Agent to collect such payments in respect of the Note. The Company will pay cash amounts in
money of the United States that at the time of payment is legal tender for payment of public and private debts. 
 The Indenture contains
provisions permitting the Company, the Trustee and the Collateral Agent in certain circumstances, without the consent of the Holders of the Notes, and in certain other circumstances, with the consent of the Holders of not less than the Minimum
Principal Amount of the Notes at the time outstanding, evidenced as in the Indenture provided, to execute supplemental indentures modifying the terms of the Indenture and the Notes as described therein. It is also provided in the Indenture that,
subject to certain exceptions, the Holders of the Minimum Principal Amount of the Notes at the time outstanding may on behalf of the Holders of all of the Notes waive any past Default or Event of Default under the Indenture and its consequences.

  
 A-7 

 No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay or deliver, as the case may be, the principal (including the Fundamental Change Repurchase Price, Change of Control Repurchase Price or the Specified
Repurchase Date Price, if applicable) of, accrued and unpaid interest on, and the consideration due upon conversion of, this Note at the place, at the respective times, at the rate and in the lawful money or shares of Common Stock, as the case may
be, herein prescribed. 
 The Notes are issuable in registered form without coupons in denominations of $1,000 principal amount and integral
multiples thereof; provided that after a PIK Payment, the Notes shall be in minimum denominations of $1.00 and any integral multiple of $1.00 in excess thereof. At the office or agency of the Company referred to on the face hereof, and in the
manner and subject to the limitations provided in the Indenture, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations, without payment of any service charge but, if required by the Company or
Trustee, with payment of a sum sufficient to cover any documentary, stamp or similar issue or transfer tax or similar governmental charge that may be imposed in connection therewith as a result of the name of the Holder of the new Notes issued upon
such exchange of Notes being different from the name of the Holder of the old Notes surrendered for such exchange. 
 The Notes are subject
to redemption at the Company’s option, in whole or in part, on or after the date that is two calendar years after the consummation of the Qualified IPO if the Last Reported Sale Price of the Common Stock has been at least 150% of the Qualified
IPO Price then in effect for at least 20 Trading Days (whether or not consecutive) during a period of 30 consecutive Trading Days ending within three Trading Days immediately preceding the date on which the Company provides written notice of
redemption. The Notes are not subject to any sinking fund. In certain circumstances, the Notes are also redeemable at the Company’s option, in whole or in part, in connection with a Change of Control at the Change of Control Redemption Price.

 On or after a Qualified IPO, and upon the occurrence of a Fundamental Change, the Holder has the right, at such Holder’s option and
subject to the provisions of the Indenture, to require the Company to repurchase for cash all of such Holder’s Notes or any portion thereof (in principal amounts of $1,000 (or, if a PIK Payment has been made, in principal amounts of $1.00) or
integral multiples thereof) on the Fundamental Change Repurchase Date at a price equal to the Fundamental Change Repurchase Price. 
 If the
Qualified IPO has not occurred before December 15, 2018, the Holder has the right, at such Holder’s option and subject to the provisions of the Indenture, to require the Company to repurchase for cash all of such Holder’s Notes or any
portion thereof (in principal amounts of $1,000 (or, if a PIK Payment has been made, in principal amounts of $1.00) or integral multiples thereof) on the Specified Repurchase Date at a price equal to the Specified Repurchase Date Price. 

If a Change of Control occurs at any time prior to the Qualified IPO, the Holder has the right, at such Holder’s option and subject to
the provisions of the Indenture, to require the Company to repurchase for cash all of such Holder’s Notes or any portion thereof (in principal amounts of $1,000 (or, if a PIK Payment has been made, in principal amounts of $1.00) or integral
multiples thereof) on the Change of Control Repurchase Date at a price equal to the Change of Control Repurchase Price. 

  
 A-8 

 The Notes are convertible into Common Stock in accordance with the terms of the Indenture. 

The payment of the principal of, premium, if any, and interest, if any, on the Notes, is unconditionally guaranteed, jointly and severally, by
the Guarantors, if any, to the extent set forth in and subject to the provisions of the Indenture. 
 Subject to the terms of the
Intercreditor Agreement, if any, the Obligations of the Company and the Guarantors, if any, under the Notes and the Note Guarantees, if any, are secured by Liens on the Collateral pursuant to the terms of the Security Documents. 

  
 A-9 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription of the face of this Note, shall be construed as though they were written out in full
according to applicable laws or regulations: 
 TEN COM = as tenants in common 

UNIF GIFT MIN ACT = Uniform Gifts to Minors Act 
 CUST =
Custodian 
 TEN ENT = as tenants by the entireties 
 JT TEN =
joint tenants with right of survivorship and not as tenants in common 
 Additional abbreviations may also be used though not in the above
list. 

  
 A-10 

 SCHEDULE A7 

SCHEDULE OF EXCHANGES OF NOTES 

Bloom Energy Corporation 
 5.0%
Convertible Senior Secured PIK Notes due 2020 
 The initial principal amount of this Global Note is
             DOLLARS ($[                ]). The following increases or decreases in this Global
Note have been made: 
  

									
	 Date of

exchange
	  	 Amount of

decrease in
 principal

amount of this
 Global Note
	  	 Amount of

increase in
 principal

amount of this
 Global Note
	  	 Principal

amount of this
 Global Note

following
 such decrease

or increase
	  	 Signature of

authorized
 signatory of

Trustee or
 Custodian

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
					
	  
	  	  
	  	  
	  	  
	  	  

					
		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

  

	7 	Include if a Global Note. 

  
 A-11 

 ATTACHMENT 1 

[FORM OF NOTICE OF CONVERSION] 

Bloom Energy Corporation 
 5.0%
Convertible Senior Secured PIK Notes due 2020 
  

	To:	Bloom Energy Corporation 

 1299 Orleans Drive 

Sunnyvale, California 94089 

U.S. BANK NATIONAL ASSOCIATION 

633 West Fifth Street, 24th Floor 

Los Angeles, CA 90071 
 Attention:
Bloom Energy Corporation Convertible Senior Secured PIK Notes due 2020 
 The undersigned registered owner of this Note hereby exercises the
option to convert this Note, or the portion hereof (that is $1,000 principal amount (or if a PIK Payment has been made, $1.00 principal amount) or an integral multiple thereof) below designated pursuant to: 

☐ Section 14.01 [Only permitted prior to a Qualified IPO and for a period after a Change of Control specified in the Indenture]; or 

☐ Section 14.02 [Only permitted on or after the earlier to occur of a Qualified IPO and September 1, 2020], 

in accordance with the terms of the Indenture referred to in this Note, and directs that any cash payable and any shares of Common Stock
issuable and deliverable upon such conversion, together with any cash for any fractional share, and any Notes representing any unconverted principal amount hereof, be issued and delivered to the registered Holder hereof unless a different name has
been indicated below. If any shares of Common Stock or Preferred Stock, as the case may be, or any portion of this Note not converted are to be issued in the name of a Person other than the undersigned, the undersigned will pay all documentary,
stamp or similar issue or transfer taxes, if any in accordance with Section 14.03(d) and Section 14.03(e) of the Indenture. Any amount required to be paid to the undersigned on account of interest accompanies this Note. Capitalized terms
used herein but not defined shall have the meanings ascribed to such terms in the Indenture. 
  

							
	Dated:	 	 	 		 	 
				
	  
	 	  
	 		 	   

		 		 		 	Signature(s)

  
 1 

	
	   

	Signature Guarantee
	
	 Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit
unions) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15 if shares of Common Stock are to be issued, or Notes are to be
delivered, other than to and in the name of the registered holder.
  
 Fill in for
registration of shares if to be issued, and Notes if to be delivered, other than to and in the name of the registered holder:

	
	 
	(Name)
	
	 
	(Street Address)
	
	 
	(City, State and Zip Code)
	 Please print name and address
  

  

	
	 Principal amount to be converted (if less than all): $            ,
000
  
 NOTICE: The above signature(s) of the Holder(s) hereof must correspond with the
name as written upon the face of the Note in every particular without alteration or enlargement or any change whatever.

	
	   

	 Social Security or Other Taxpayer

Identification Number

  
 2 

 ATTACHMENT 2 

[FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE] 

Bloom Energy Corporation 
 5.0%
Convertible Senior Secured PIK Notes due 2020 
  

	To:	Bloom Energy Corporation 

 1299 Orleans Drive 

Sunnyvale, California 94089 

U.S. BANK NATIONAL ASSOCIATION 

633 West Fifth Street, 24th Floor 

Los Angeles, CA 90071 
 Attention:
Bloom Energy Corporation Convertible Senior Secured PIK Notes due 2020 
 The undersigned registered owner of this Note hereby acknowledges
receipt of a notice from Bloom Energy Corporation (the “Company”) as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change Repurchase Date and requests and instructs the Company
to pay to the registered holder hereof in accordance with Section 15.02 of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (that is $1,000 principal amount (or if a PIK Payment
has been made, $1.00 principal amount) or an integral multiple thereof) below designated, and (2) if such Fundamental Change Repurchase Date does not fall during the period after a Regular Record Date and on or prior to the Scheduled Trading
Day immediately following the corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase Date. Capitalized terms used herein but not defined shall have the meanings
ascribed to such terms in the Indenture. 
 In the case of Physical Notes, the certificate numbers of the Notes to be repurchased are as set
forth below: 

Dated:                         
            
  

	
	
	   

	Signature(s)
	
	 
	Social Security or Other Taxpayer Identification Number
	
	Principal amount to be repaid (if less than all): $            , 000

  
 1 

 
	
	NOTICE: The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face of the Note in every particular without alteration or enlargement or any change whatever.

  
 2 

 ATTACHMENT 3 

[FORM OF SPECIFIED REPURCHASE DATE NOTICE] 
  

	To:	Bloom Energy Corporation 

 1299 Orleans Drive 

Sunnyvale, California 94089 
  

	To:	U.S. BANK NATIONAL ASSOCIATION 

 633 West Fifth Street, 24th Floor 

Los Angeles, CA 90071 
 Attention:
Bloom Energy Corporation Convertible Senior Secured PIK Notes due 2020 
 The undersigned registered owner of this Note hereby acknowledges
receipt of a Specified Repurchase Date Company Notice from Bloom Energy Corporation (the “Company”) and specifying the Specified Repurchase Date and requests and instructs the Company to pay to the registered holder hereof in
accordance with the applicable provisions of the Indenture referred to in this Note the entire principal amount of this Note, or the portion thereof (that is $1,000 principal amount (or if a PIK Payment has been made, $1.00 principal amount) or an
integral multiple thereof) below designated and accrued and unpaid interest, if any, thereon to, but excluding, such Specified Repurchase Date. Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the
Indenture. 
 In the case of Physical Notes, the certificate numbers of the Notes to be repurchased are as set forth below: 

Dated:                         
        
  

	
	
	   

	Signature(s)
	
	 
	Social Security or Other Taxpayer Identification Number
	
	Principal amount to be repurchased by the Company (if less than all): $            ,000

 NOTICE: The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face of the
Note in every particular without alteration or enlargement or any change whatever. 

 ATTACHMENT 4 

[FORM OF CHANGE OF CONTROL REPURCHASE NOTICE] 

Bloom Energy Corporation 
 5.0%
Convertible Senior Secured PIK Notes due 2020 
  

	To:	Bloom Energy Corporation 

	 	1299 Orleans Drive 

	 	Sunnyvale, California 94089 

  

	 	U.S. BANK NATIONAL ASSOCIATION 

	 	633 West Fifth Street, 24th Floor 

	 	Los Angeles, CA 90071 

	 	Attention: Bloom Energy Corporation Convertible Senior Secured PIK Notes due 2020 

 The
undersigned registered owner of this Note hereby acknowledges receipt of a notice from Bloom Energy Corporation (the “Company”) as to the occurrence of a Change of Control with respect to the Company and specifying the Change of
Control Repurchase Date and requests and instructs the Company to pay to the registered holder hereof in accordance with Section 15.03 of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion
thereof (that is $1,000 principal amount (or if a PIK Payment has been made, $1.00 principal amount) or an integral multiple thereof) below designated, and (2) if such Change of Control Repurchase Date does not fall during the period after a
Regular Record Date and on or prior to the Scheduled Trading Day immediately following the corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to, but excluding, such Change of Control Repurchase Date. Capitalized terms
used herein but not defined shall have the meanings ascribed to such terms in the Indenture. 
 In the case of Physical Notes, the
certificate numbers of the Notes to be repurchased are as set forth below: 
 Dated:
                                 

 

	
	   

	Signature(s)
	
	   

	Social Security or Other Taxpayer
	Identification Number
	
	Principal amount to be repaid (if less than all):
	$            ,000
	
	NOTICE: The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face of the Note in every particular without alteration or enlargement or any change whatever.

 ATTACHMENT 5 

[FORM OF ASSIGNMENT AND TRANSFER] 

Bloom Energy Corporation 
 5.0%
Convertible Senior Secured PIK Notes due 2020 
 For value received
                                         
                        hereby sell(s), assign(s) and transfer(s) unto
                                         
        (Please insert social security or Taxpayer Identification Number of assignee) the within Note, and hereby irrevocably constitutes and appoints
                                         
    attorney to transfer the said Note on the books of the Company, with full power of substitution in the premises. 
 In connection with
any transfer of the within Note occurring prior to the Resale Restriction Termination Date, as defined in the Indenture governing such Note, the undersigned confirms that such Note is being transferred: 

 

	☐	To Bloom Energy Corporation or a subsidiary thereof; or 

  

	☐	Pursuant to, and in accordance with, a registration statement that has become or been declared effective under the Securities Act of 1933, as amended; or 

 

	☐	Pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended; or 

  

	☐	Pursuant to any other available exemption from the registration requirements of the Securities Act of 1933, as amended (including, if available, the exemption provided by Rule 144 under the Securities Act of 1933, as
amended). 

 Dated:
                                 

 

	
	   

	
	   

	Signature(s)
	
	   

	Signature Guarantee
	
	Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee medallion program pursuant to
Securities and Exchange Commission Rule 17Ad-15 if Notes are to be delivered, other than to and in the name of the registered holder.

 NOTICE: The signature on the assignment must correspond with the name as written upon the face of the Note in every particular
without alteration or enlargement or any change whatever. 

  
 2

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