SEC Contract Filing

Filing Date: 2021-04-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tsla-20210331-ex10_1.htm
<DESCRIPTION>EX-10.1
<TEXT>
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 <title>EX-10.1</title>
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 <p style="padding-top:12.0pt;text-indent:0.0%;padding-bottom:12.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><font style="color:rgba(0,0,0,1);font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Exhibit 10.1</font></p>
 <p style="padding-top:12.0pt;text-indent:0.0%;padding-bottom:12.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">AMENDMENT NO. 1<br>TO<br>SECOND AMENDED AND RESTATED<br>LOAN AND SECURITY AGREEMENT</font></p>
 <p style="text-indent:6.667%;padding-bottom:12.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">THIS AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this &#x201c;</font><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">Amendment</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">&#x201d;), dated as of March 15, 2021, is entered into by and among TESLA 2014 WAREHOUSE SPV LLC, a Delaware limited liability company (the &#x201c;</font><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">Borrower</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">&#x201d;), TESLA FINANCE LLC, a Delaware limited liability company (&#x201c;</font><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">TFL</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">&#x201d;), the Lenders party hereto, the Group Agents party hereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as paying agent (the &#x201c;</font><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">Paying Agent</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">&#x201d;) and DEUTSCHE BANK AG, NEW YORK BRANCH, as administrative agent (in such capacity, the &#x201c;</font><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">Administrative Agent</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">&#x201d;) and is made in respect of the Second Amended and Restated Loan and Security Agreement, dated as of August 28, 2020 (the &#x201c;</font><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">Loan Agreement</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">&#x201d;) among the Borrower, TFL, the Lenders party thereto, the Group Agents party thereto, the Administrative Agent and the Paying Agent. Defined terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Loan Agreement as amended hereby.</font></p>
 <p style="text-indent:6.667%;padding-bottom:12.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">WHEREAS, the Borrower, the Lenders, the Group Agents, the Paying Agent and the Administrative Agent have agreed to amend the Loan Agreement on the terms and conditions set forth herein;</font></p>
 <p style="text-indent:6.667%;padding-bottom:12.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">NOW, THEREFORE, in consideration of the premises set forth above, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders, the Group Agents, the Paying Agent and the Administrative Agent agree as follows:</font></p>
 <div style="margin-left:6.667%;text-indent:7.143%;padding-bottom:12.0pt;margin-top:0.0pt;justify-content:flex-start;margin-bottom:0.0pt;min-width:0.5in;"><font style="color:rgba(0,0,0,1);font-weight:normal;display:inline-block;font-size:12.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:0.5in;">1.</font><div style="display:inline;"><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">Amendments to Loan Agreement</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;">. Effective as of the Amendment Effective Date (as defined below) and subject to the satisfaction of the conditions precedent set forth in </font><font style="color:rgba(0,0,0,1);font-weight:normal;text-decoration:underline;font-size:12.0pt;font-family:Times New Roman;">Section 2</font><font style="color:rgba(0,0,0,1);font-weight:normal;font-size:12.0pt;font-family:Times New Roman;"> hereof:</font></div></div>
 <div style="margin-left:13.333%;text-indent:15.385%;padding-bottom:12.0pt;margin-top:0.0pt;justify-content:flex-start;margin-bottom:0.0pt;min-width:1.0in;"><font style="color:rgba(0,0,0,1);font-weight:normal;display:inline-block;font-size:12.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:1.0in;">(a)</font><div style="display:inline;"><font style="color:rgba(