ContractExisting Dip Credit Agreement • February 7th, 2023 • Core Scientific, Inc./Tx • Finance services
You have informed B. Riley Commercial Capital, LLC (the “DIP Lender”) that Core Scientific, Inc., a Delaware corporation (the “Company”) and certain of the Company’s direct and indirect subsidiaries (collectively and together with the Company, the “Debtors” and “you”) referred to in the DIP Term Sheet attached hereto as Annex A (including1 all exhibits and schedules thereto, the “DIP Term Sheet”; capitalized terms used but not defined herein shall have the meanings given to them in the DIP Term Sheet) have commenced cases under chapter 11 (the “Chapter 11 Cases”) of title 11 of the United States Code, 11 U.S.C. §§ 101-1532, as amended (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) under Case No. 22-90341 (DRJ) (Jointly Administered), and wish to obtain the up to $70,000,000 DIP Facility referenced in the DIP Term Sheet, substantially on the terms set forth in this letter, as well as the DIP Term Sheet (such lett
