Amendment No. 1 - AAPL Senior Secured Facility

INDICATIVE TERM SHEET - SENIOR SECURED TERM LOAN Date: 2025-11-14 Borrower: Apple Inc. ("AAPL" or the "Borrower") Lender: Meridian Capital Partners Fund II, L.P. (the "Lender") Facility: $45,000,000 senior secured term loan. Interest Rate: Term SOFR plus 4.75% per annum, payable monthly in arrears. Maturity: 48 months from the Closing Date. Optional Prepayment: The Borrower may prepay the Facility in whole or in part at any time at par, without premium or penalty. Financial Reporting: The Borrower shall deliver unaudited quarterly financial statements within 45 days of each fiscal quarter end, and audited annual financial statements within 120 days of each fiscal year end. Assignment: The Lender may assign its rights and obligations under the Facility with the prior written consent of the Borrower, such consent not to be unreasonably withheld. Events of Default: Customary for facilities of this type, including nonpayment, breach of covenants, material misrepresentation, cross-default to other material indebtedness, and insolvency events. Governing Law: This term sheet and the definitive documentation shall be governed by the laws of the State of New York. Non-Binding: This term sheet is an indication of interest only and does not constitute a commitment to lend. -- Synthetic document generated for demonstration purposes. --