SEC Contract Filing

Filing Date: 2019-10-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tsla-ex103_488.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
tsla-ex103_488.htm
</title>
</head>
<!-- NG Converter v5.0.19273.161 -->
<body>

<p style="text-align:left;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Certain identified information has been omitted from this document because it is not material and would be competitively harmful if publicly disclosed, and has been marked with &#8220;[***]&#8221; to indicate where omissions have been made.</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.3</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">English Convenience Translation</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-Original Agreement has been executed in Mandarin Chinese-<br /></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Facility Agreement</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="OLE_LINK1"></a><a name="OLE_LINK2"></a>(Applicable to working capital loans without separate loan contract)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Reference No.: [***]<br /></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Lender: <font style="font-weight:normal;">China Merchants Bank Co., Ltd., Beijing Branch (hereinafter &#8220;Party A&#8221;)</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Borrower: <font style="font-weight:normal;">Tesla Automobile (Beijing) Co., Ltd. (hereinafter &#8220;Party B&#8221;)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br /></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-right:0.23%;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;Upon the request by Party B, Party A agrees to provide Party B with facilities for its use. NOW THEREFORE, Party A and Party B have agreed on the following provisions after full consultation and hereby enter into this Agreement in accordance with relevant laws.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-right:0.23%;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> &nbsp;&nbsp; 1. Facilities</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-right:0.23%;text-indent:5.56%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.1 Party A will provide Party B with facilities (revolving facilities) of <font style="text-decoration:underline;">RMB 5 billion</font> (or the equivalent thereof in other currencies converted at the exchange rate quoted by Party A when the specific business occurs, the same below) in accordance with this Agreement, in which the working capital loans shall not exceed <font style="text-decoration:underline;">RMB 300 million</font>.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.76%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Any outstanding amount under the specific business conducted under the <font style="text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> Facility Agreement (insert name of the agreement here) (reference number: [***]) between Party A (or China Merchants Bank Co., Ltd., Beijing Branch, the subordinate affiliate of Party A) and Party B will be transferred automatically under this Agreement and be directly deemed as utilized facilities hereunder.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-right:0.23%;text-indent:5.09%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a>1.2 The tenure will be <font style="text-decoration:underline;">12</font> months, commencing on<font style="text-decoration:underline;"> 25.09.2019 </font>and ending on <font style="text-decoration:underline;">24.09.2020</font>. As for each working capital loan and trading financing, the facility period of a single drawdown shall not exceed 6 months. If Party B intends to apply the facilities in any specific credit business, it shall submit a utilization request to Party A within the above tenure. Unless other