SEC Contract Filing

Filing Date: 2023-03-23

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d464373dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SHAREHOLDER&#146;S LOAN AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Between </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Bloom Energy
Corporation, as Borrower, and </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SK ecoplant Co., Ltd., as Lender </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As of March&nbsp;20, 2023 </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SHAREHOLDER&#146;S LOAN AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Bloom Energy Corporation, a Delaware corporation (the &#147;<B>Borrower</B>&#148;), and SK ecoplant Co., Ltd. a company formed under the laws
of the Republic of Korea (the &#147;<B>Lender</B>&#148;), are entering into this Loan Agreement (this &#147;<B>Agreement</B>&#148;) as of March&nbsp;20, 2023 (the &#147;<B>Effective Date</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Establishment of Loan Facility</U>. At the request of the Borrower, the Lender has established, as of the Effective Date, a loan
facility in favor of the Borrower in accordance with the terms and conditions of this Loan Agreement with a maximum principal amount of $310,957,102 for working capital and general corporate purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Availability of Loans; Availability Period</U>. Borrower may request the Lender to provide the loan under this Loan Agreement in the
principal amount of $310,957,102 (the &#147;<B>Loan</B>&#148;), together with all accrued interest thereon, as provided in this Loan Agreement if the following conditions are satisfied: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Availability Period</U>. The Borrower makes a request to the Lender to borrow the Loan only during period of time from
the Effective Date until the earlier of (i)&nbsp;six months from the Effective Date and (ii)&nbsp;the date on which the Lender and Econovation LLC own or have acquired 23,491,701 shares of Class&nbsp;A Common Stock of the Borrower. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>Lender</U><U>&#146;</U><U>s Notice</U>. The Lender sends a written notice to the Borrower that, at any time during the
Availibility Period, (i)&nbsp;it intends to hold, in the aggregate, fewer than 10,000,000 shares, stocks, and/or other equity interests of the Borrower, or (ii)&nbsp;Econovation LLC intends to hold, in the aggregate, fewer than 13,491,701 shares,
stocks, and/or other equity interests of the Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Borrowing Request</U>. Subject to the satisfaction of
Sections 2(a) and (b)&nbsp;hereof, the Borrower delivers a written borrowing request in the form of Exhibit 1 (a &#147;<B>Borrowing Request</B>&#148;) delivered fifty (50)&nbsp;calendar days in advance of the Loan borrowing date (the
&#147;<B>Proposed Date</B>&#148;). Each such notice shall be in the form of the Borrowing Request, appropriately completed and signed by an authorized officer of the Borrower. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>Representations and Warrantes True</U>. The representations and warranties of the Borrower are true in all material
respects. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <U>Use of Proceeds</U>. The proceeds of the Loan may be used only for working capital and general corporate
purposes of the Borrower arising from the Lender decreasing its investment in the Borrower as described in Section&nbsp;2(b) (the &#147;<B>Purpose</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Lender shall make the amount of the Loan available to the Borrower on the Proposed Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Payment Dates</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Payment Date</U>. The aggregate unpaid principal amount of the Loan, all accrued an