REQUIRED GROUP AGENT ACTION NO. 23

Exhibit 10.19v

REQUIRED GROUP AGENT ACTION NO. 23

This REQUIRED GROUP AGENT ACTION NO. 23 (this “Action”), dated as of September 15, 2016, is entered into by and among Megalodon Solar, LLC, a Delaware limited liability company (“Borrower”), Bank of America, N.A., as the Administrative Agent (“Administrative Agent”) and as the Collateral Agent for the Secured Parties (“Collateral Agent”) and each of Bank of America, N.A. (“BA Agent”), Credit Suisse AG, New York Branch (“CS Agent”), Deutsche Bank AG, New York Branch (“DB Agent”), ING Capital LLC (“ING Agent”), KeyBank National Association (“KB Agent”), National Bank of Arizona (“NBAZ Agent”), Silicon Valley Bank (“SVB Agent”) and CIT Bank, N.A. (“CIT Agent” and collectively with BA Agent, CS Agent, DB Agent, ING Agent, KB Agent, NBAZ Agent and SVB Agent, the “Group Agents”), as Group Agents party to the Loan Agreement, dated as of May 4, 2015 (as amended, the “Loan Agreement”), by and among the Borrower, the Administrative Agent, the Collateral Agent, the Group Agents, the Lenders and the other parties from time to time party thereto.  As used in this Action, capitalized terms which are not defined herein shall have the meanings ascribed to such terms in the Loan Agreement.

A. Pursuant to the Loan Agreement, the Lenders have agreed to extend credit to the Borrower, in each case pursuant to the terms and subject to the conditions set forth in the Financing Documents.

B. Pursuant to Required Group Agent Action No. 22, dated as of September 8, 2016, by and among the parties hereto (“GAA 22”), the Borrower requested and the Group Agents consented to deem the requirements of Section 2.1(f)(iii)(A) of the Loan Agreement satisfied during the period through September 15, 2016, subject to the conditions therein (the “Prior Consent”).

C. The Borrower has requested that the Required Group Agents provide their consent to the extension of the deadline for satisfying the requirements of the Prior Consent as required under GAA 22 (the “Extension”).

D. The Required Group Agents are willing to provide their consent to the Extension on the terms and subject to the conditions set forth in this Action.

Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:

Section 1. Consent.  Subject to the satisfaction of the conditions precedent described in Section 2 hereof, each Agent and Lender party hereto, by its signature below, agrees to extend the deadline of the Prior Consent and to deem the requirements of Section 2.1(f)(iii)(A) of the Loan Agreement satisfied during the period through September 22, 2016 in connection with the prepayment made in connection with GAA 22; provided, that no such deemed consent shall have been given under this Section 1 unless the requirements of Section 2.1(f)(iii)(A) of the Loan Agreement shall in fact be satisfied by the Borrower in all respects no later than September 22, 2016.

Required Group Agent Action No. 23

Section 2. Effectiveness.  This Action shall be effective upon the receipt by the Administrative Agent of counterparts of this Action, executed and delivered by each of the other parties hereto.

Section 3. Representations and Warranties.  The Borrower hereby represents and warrants as of the Effective Date:

(a) the Borrower has duly authorized, executed and delivered this Action, and none the Borrower’s execution and delivery hereof nor the performance hereof (i) will be in conflict with or result in a breach of the Borrower’s Organizational Documents, (ii) will materially violate any other Legal Requirement applicable to or binding on the Borrower or any of its respective properties, (iii) will result in any breach of or constitute any default under, or result in or require the creation of any Lien (other than Permitted Liens) upon any of the Collateral under any agreement or instrument to which it is a party or by which the Borrower or any of the Collateral may be bound or affected, or (iv) will require the consent or approval of any Person, which has not already been obtained;

(b) this Action is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and subject to general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law);

(c) no Bankruptcy Event has occurred with respect to SolarCity; and

(d) no Material Adverse Effect has occurred or is continuing since the immediately preceding Borrowing Date, and, to the Borrower’s Knowledge, no event or circumstance exists that could reasonably be expected to result in a Material Adverse Effect.

Section 4. Reference to and Effect on Financing Documents.  Each of the Loan Agreement and the other Financing Documents is and shall remain unchanged and in full force and effect, and, except as expressly set forth herein, nothing contained in this Action shall, by implication or otherwise, limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Administrative Agent or any of the other Secured Parties, or shall alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in each of the Loan Agreement and any other Financing Document.  This Action shall also constitute a “Financing Document” for all purposes of the Loan Agreement and the other Financing Documents.

Section 5. Incorporation by Reference.  Sections 10.5 (Entire Agreement), 10.6 (Governing Law), 10.7 (Severability), 10.8 (Headings), 10.11 (Waiver of Jury Trial), 10.12 (Consent to Jurisdiction; Service of Process), 10.14 (Successors and Assigns) and 10.16 (Binding Effect; Counterparts) of the Loan Agreement are hereby incorporated by reference herein, mutatis mutandis.

Section 6. Expenses.  The Borrower agrees to reimburse the Administrative Agent in accordance with Section 10.4(b) of the Loan Agreement for its reasonable and documented

2 Required Group Agent Action No. 23

out-of-pocket expenses in connection with this Action, including reasonable and documented fees and out-of-pocket expenses of legal counsel.

Section 7. Construction.  The rules of interpretation specified in Section 1.2 of the Loan Agreement also apply to this Action, mutatis mutandis.

[Signature Pages Follow]

3 Required Group Agent Action No. 23

IN WITNESS WHEREOF, the parties hereto have caused this Action to be duly executed by their respective authorized officers as of the day and year first written above.

MEGALODON SOLAR, LLC,

as the Borrower

By: /s/ Xxxxxx Xxxx

Name:Xxxxxx Xxxx

Title:President

[Signature Page to Required Group Agent Action No. 23]

BANK OF AMERICA, N.A.,

as a Group Agent

By: /s/ Xxxxxx Xxxx-Xxxxxx

Name:Xxxxxx Xxxx-Xxxxxx

Title:Managing Director

[Signature Page to Required Group Agent Action No. 23]

CREDIT SUISSE AG, NEW YORK BRANCH,

as a Group Agent

By: /s/ Xxxx XxXxxxxxxx

Name:Xxxx XxXxxxxxxx

Title:Vice President

By: /s/ Xxxxx Xxxx

Name:Xxxxx Xxxx

Title:Vice President

[Signature Page to Required Group Agent Action No. 23]

DEUTSCHE BANK AG, NEW YORK BRANCH,

as a Group Agent

By: /s/ Xxxxx Xxxxxx

Name:Xxxxx Xxxxxx

Title:Director

By: /s/ Xxxxxx Xxxxx

Name:Xxxxxx Xxxxx

Title:Vice President

[Signature Page to Required Group Agent Action No. 23]

ING CAPITAL LLC,

as a Group Agent

By: /s/ Xxxxx Xxxxxx

Name:Xxxxx Xxxxxx

Title:Managing Director

By: /s/ Xxxxxx Xxxxxxxx

Name:Xxxxxx Xxxxxxxx

Title:Director

[Signature Page to Required Group Agent Action No. 23]

KEYBANK NATIONAL ASSOCIATION,

as a Group Agent

By: /s/ Xxxx Xxxx Xxxxx

Name:Xxxx Xxxx Xxxxx

Title:Senior Vice President

[Signature Page to Required Group Agent Action No. 23]

NATIONAL BANK OF ARIZONA,

as a Group Agent

By: /s/ Xxxx Xxxxx

Name:Xxxx Xxxxx

Title:Vice President

[Signature Page to Required Group Agent Action No. 23]

SILICON VALLEY BANK,

as a Group Agent

By: /s/ Sayoji Goli

Name:Sayoji Goli

Title:Vice President

[Signature Page to Required Group Agent Action No. 23]

CIT BANK, N.A.,

as a Group Agent

By: /s/ Xxxxxx Xxxxxxxxx

Name:Xxxxxx Xxxxxxxxx

Title:Director

[Signature Page to Required Group Agent Action No. 23]