SEC Contract Filing

Filing Date: 2024-07-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>tm2418838d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit&nbsp;10.2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><I>Execution Version</I></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>CONFIDENTIAL</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SUMMARY OF TERMS
AND CONDITIONS OF</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>$20 MILLION BRIDGE
FINANCING FACILITY</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>July&nbsp;2,
2024</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Set forth below
is a binding term sheet setting forth the principal terms and conditions of the bridge financing facility to be provided by Nano Dimension
Ltd. (the &ldquo;<U>Lender</U>&rdquo;) in favor of Desktop Metal,&nbsp;Inc. (the &ldquo;<U>Company</U>&rdquo; or the &ldquo;<U>Borrower</U>&rdquo;)
in connection with the proposed merger transaction between the Lender and the Company (as further defined below, the &ldquo;<U>Merger
Transaction</U>&rdquo;), and the Loan Documentation (as defined below) related thereto. Execution of this term sheet by Lender and Borrower
shall constitute a commitment by Lender to provide the Facility (as defined below) and to execute the Loan Documentation in respect of
the Facility, in each case on the terms and subject solely to the conditions set forth herein. By their execution hereof, Borrower and
Lender hereby covenant and agree to cooperate in good faith to negotiate, agree on and execute the Loan Documentation promptly following,
and in any event within 30 days (or such later date as both parties may agree) of, execution of this Term Sheet.</I></FONT></P>

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<TD STYLE="width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Borrower:</B></FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 10pt">Desktop
 Metal,&nbsp;Inc. (the &ldquo;<U>Borrower</U>&rdquo;).</FONT></TD></TR></TABLE>

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<TD STYLE="width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Guarantors:</B></FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 10pt">Each
 domestic subsidiary of the Borrower and any foreign subsidiary of the Borrower as to which
 execution of a guaranty of the Facility by such subsidiary does not result in adverse tax
 or legal consequences to the Borrower or such foreign subsidiary or any officer or director
 thereof, as reasonably determined by the Borrower in consultation with the Lender (each,
 a &ldquo;<U>Guarantor</U>&rdquo; and, collectively, the &ldquo;<U>Guarantors</U>&rdquo;;
 Borrower and the Guarantors, each, a &ldquo;<U>Credit Party</U>&rdquo; and, collectively,
 the &ldquo;<U>Credit Parties</U>&rdquo;).</FONT></TD></TR></TABLE>

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<TD STYLE="width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Lender:</B></FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 10pt">Nano
 Dimension Ltd. (the &ldquo;<U>Lender</U>&rdquo;).</FONT></TD></TR></TABLE>

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<TD STYLE="width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Facility:</B></FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 10pt">A
 $20 million, multi-draw term loan credit facility (the &ldquo;<U>Term Loan</U>&rdquo;; each
 draw under the Term Loan, a &ldquo;<U>Draw</U>&rdquo;; the Term Loan facility, generally,
 the &ldquo;<U>Facility</U>&rdquo;).</FONT></TD></TR></TABLE>

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