Term Sheet - TSLA3 Senior secured term loan

INDICATIVE TERM SHEET - SENIOR SECURED TERM LOAN Date: 2026-06-21 Borrower: Tesla, Inc. ("TSLA" or the "Borrower") Lender: Meridian Capital Partners Fund II, L.P. (the "Lender") Facility: $29,000,000 senior secured term loan. Interest Rate: Term SOFR plus 6.75% per annum, payable monthly in arrears. Maturity: 60 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 30 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 to any person without the consent of the Borrower. 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 California. 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. --