SEC Contract Filing

Filing Date: 2017-11-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>4
<FILENAME>tsla-ex105_463.htm
<DESCRIPTION>EX-10.5
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.5</p>
<p style="text-align:right;margin-bottom:24pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Confidential Treatment Requested by Tesla, Inc.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:12pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">REQUIRED GROUP AGENT ACTION NO. 38</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.31%;color:#000000;font-size:12pt;letter-spacing:0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This <font style="font-weight:bold;">REQUIRED GROUP AGENT ACTION NO. 38 </font>(this &#8220;<font style="text-decoration:underline;">Action</font>&#8221;), dated as of August <font style="color:#000000;">22, 2017</font> (the &#8220;<font style="text-decoration:underline;">Effective Date</font>&#8221;), is entered into by and among Megalodon Solar, LLC, a Delaware limited liability company (&#8220;<font style="text-decoration:underline;">Borrower</font>&#8221;), Bank of America, N.A., as the Administrative Agent (&#8220;<font style="text-decoration:underline;">Administrative Agent</font><font style="font-size:11pt;">&#8221;)</font>, the Collateral Agent for the Secured Parties (&#8220;<font style="text-decoration:underline;">Collateral Agent</font>&#8221;) and each of Bank of America, N.A. (&#8220;<font style="text-decoration:underline;">BA Agent</font>&#8221;), Credit Suisse AG, New York Branch (&#8220;<font style="text-decoration:underline;">CS Agent</font>&#8221;), Deutsche Bank AG, New York Branch (&#8220;<font style="text-decoration:underline;">DB Agent</font>&#8221;), ING Capital LLC (&#8220;<font style="text-decoration:underline;">ING Agent</font>&#8221;), KeyBank National Association (&#8220;<font style="text-decoration:underline;">KB Agent</font>&#8221;), National Bank of Arizona (&#8220;<font style="text-decoration:underline;">NBAZ Agent</font>&#8221;), Silicon Valley Bank (&#8220;<font style="text-decoration:underline;">SVB Agent</font>&#8221;) and CIT Bank, N.A. (&#8220;<font style="text-decoration:underline;">CIT Agent</font>&#8221; and collectively with BA Agent, CS Agent, DB Agent, ING Agent, KB Agent, NBAZ Agent and SVB Agent, the &#8220;<font style="text-decoration:underline;">Group Agents</font>&#8221;), as Group Agents party to the Loan Agreement, dated as of May 4, 2015 (as amended, modified or supplemented from time to time, the &#8220;<font style="text-decoration:underline;">Loan Agreement</font>&#8221;), by and among the Borrower, Administrative Agent, Collateral Agent, the Group Agents, the Lenders and the other parties from time to time party thereto.&nbsp;&nbsp;<font style="color:#000000;">As used in this Action, capitalized terms which are not defined herein shall have the meanings ascribed to such terms in the Loan Agreement</font>.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:15.31%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_BPDC_LN_INS_1029"></a><a name="_BPDC_PR_INS_1030"></a>A.<font style="margin-left:36pt;"></font>The Borrower wholly-owns [***], a Delaware limited liability company (the &#8220;<font style="text-decoration:underline;">[***]</font>&#8221;), which is the managing member of [***], a Delaware limited liability company (the &#8220;<font style="text-decoration:underline;">[***] Subject Fund</font>&#8221;);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.31%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_BPDC_LN_INS_1027"></a><a name="_BPDC_PR_INS_1028"></a>B.<font style="margin-left:36pt;"></font>The Borrower wholly-owns [***], a Delaware limited liability company (the &#8220;<font style="text-decoration:underline;">[***]</font>&#8221; and together with the [***], each a &#8220;<font style="text-decoration:underline;">Managing Member</font>&#8221; and collectively, the &#8220;<font style="text-decoration:underline;">Managing Members</font>&#8221;), which is the managing member of [***], a Delaware limited liability company (the &#8220;[***] Subject Fund&#8221; and together with the [***], each a &#8220;<font style="text-decoration:underline;">Subject Fund</font>&#8221; and collectively, the &#8220;<font style="text-decoration:underline;">Subject Funds</font>&#8221;);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.31%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_BPDC_LN_INS_1025"></a><a name="_BPDC_PR_INS_1026"></a>C.<font style="margin-left:36pt;"></font>Each Managing Member and each Subject Fund is a Funded Subsidiary;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.31%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_BPDC_LN_INS_1023"></a><a name="_BPDC_PR_INS_1024"></a>D.<font style="margin-left:36pt;"></font>[***] Subject Fund desires to enter into (A) that certain Omnibus Amendment No.