붙임 2

보험가입조건

PROJECT TITLE	Hwasung Fuel Cell Project

CLASS OF INSURANCE	Comprehensive Machinery Insurance

ORIGINAL INSURED	SE Green Energy Co.,Ltd

Section I) Operational Material Damage

SE Green Energy. as the Project Owner and/or

SK Engineering & Construction as EPC Contractor and/or sub-contractor and/or suppliers and/or all others engaged to provide goods and services in connection with Insured Project for the onsite activities only and/or Bloom Energy and/or The Security Agent on behalf of the Lender & the Lenders and their technical advisor and/or Any other company, consultants, firm, person or party in connection with the Project As constituted at inception of this Insurance or subsequently.

Each for their respective rights and interests.

Section II) Operational Business Interruption

SE Green Energy. as Project Owner and/or

The Security Agent on behalf of the Lender & the Lenders and their technical advisor and/or As constituted at inception of this Insurance or subsequently.

Each for their respective rights and interests

PERIOD OF INSURANCE	1year from the inception

LOCATION	At/around 16, Nojin-ri, Jangahn-myeon, Hwasung-si, Kyunggi-do, Korea

SUM INSURED	Section I) Operational Material Damage  KRW 116,001,977,600

Sortation	[KRW]
Structure & its contents	2,931,336,000
M&E, Instrumentation	113,070,641,600

Section II) Operational Business Interruption KRW 8,008,700,000 (12 months value)

Sortation	[KRW]
Fixed Cost	8,008,700,000

DEDUCTIBLE	Section I) Operational Material Damage

KRW 100,000,000 any one occurrence for AOG, MB

KRW 30,000,000 any one occurrence for All others

Section II) Operational Business Interruption

30days each and every loss

TERMS & CONDITIONS	General Condition

1) Munich Re Comprehensive Machinery Insurance Policy Form

2) IT-Clarification Agreement

3) War & Terrorism Exclusion (NMA 2919)

4) Sanction Limitation and Exclusion (LMA 3100)

5) Waiver of Subrogation

6) Claim Cooperation Clause (NMA2737)

7) Jurisdiction and Governing Law: Republic of Korea

8) Claim Preparation Cost Clause (L/L: KRW500,000,000)

9) Payment of Premium/Claim Clause

10) Pandemic/Infections Disease Exclusion (including COVID-19 exclusion)

Special Extensions Applicable to Section I) Operational Material Damage

1) Removal of Debris

(sub imit : 10% of loss amount, but max KRW 2,000,000,000. a.o.o.),

2) Minor Works Clause (sub limit : KRW 1,000,000,000. a.o.c.)

[No cover is provided if the contract value for any one contract exceeds the limit hereunder.]

3) Capital Additions (sub limit : KRW 1,000,000,000. any one addition) with additional premium

[No cover is provided if the sum insured for any one addition exceeds the limit hereunder.]

4) Fire Fighting Expenses (sub limit: KRW 1,000,000,000. a.o.o.)

5) Expediting Expenses (sub limit: KRW 1,000,000,000. a.o.o.)

6) Professional Fees (sub limit: KRW 1,000,000,000. a.o.o.)

7) Public Authority Clause (sub limit: KRW 1,000,000,000. a.o.o.)

8) Hazardous Substances (sub limit: KRW 1,000,000,000. a.o.o.)

9) Temporary Removal(sub limit: KRW 1,000,000,000. a.o.o.) applied on the same premises only

10) Sue and Labour Clause (sub limit: KRW 1,000,000,000. a.o.o.)

11) Basis of indemnity for Material Damage : Replacement Cost Basis

12) Cover for Strike, Riot and Civil Commotion (L/L: KRW 1,000,000,000 a.o.o.)

13) Claim Quantum Clause(50%): Applied Section I Only

14) 80% Coinsurance Clause

15) CMI (9.1.6.) land, including topsoil, backfill, drainage and culverts, roads, runways, railway lines, dams, reservoirs, water, canals, drilling rigs, wells, pipelines, transmission and distribution lines, tunnels, bridges, docks, piers, wharves, any property underground, offshore property; (Deleting ‘topsoil, backfill, drainage and culverts, roads, transmission, and distribution lines’ only)

Transmission and Distribution lines : Connected to KEPCO Joam Substation

- Total Length : 4,666.8m (Including Underground 3,538.5m)

- Sum Insured : KRW 4,467,062,400

Special Extensions Applicable to Section II) Operational Business Interruption

1) Earthquake (limit: up to sum insured)

2) Indemnity Period: 12 months

3) Time Excess: 30 days each and every loss