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Extract to table / commitment-letter-borrower-markup-redline.docx
commitment-letter-borrower-markup-redline.docx
Parties
Harkness LLP
Solara Digital Acquisition Holdings LLC
Solara Digital Infrastructure LP
Digital Infrastructure Fund IV LP
Acquisition Solara Digital Infrastructure LP
Meridian Cloud Solutions Inc
Ashford Ventures Partners LLC
Harborstone Capital Partners LLC
Dates
April 9, 2026
December 31, 2025
December 31, 2024
April 18, 2026
June 2, 2026
March 21, 2026
June 30, 2033
Amounts
$200,000,000
$315,000,000
$62,400,000
$18,700,000
$130,000,000
$20,000,000
$75,000,000
$50,000,000
$40,000,000
$35,000,000
Obligations
" Unless otherwise defined herein, capitalized terms used in this Letter shall have the meanings ascribed to them in the Term Sheet
Until such time, Brindoval shall remain committed for the full $200,000,000 of the Term Loan Facility
The Borrower agrees to cooperate with Brindoval's syndication efforts as more fully described in Section VII below
The Loan Documents shall include, without limitation: (i) a senior secured credit agreement (the "Credit Agreement"); (ii) a guarantee agreement, pursuant to which each direct and indirect domestic subsidiary of the Borrower (including, post-closing, Meridian and each of its domestic subsidiaries) shall guarantee the obligations under the Credit Agreement; (iii) pledge and security agreements, pursuant to which the Borrower and each Guarantor shall grant to the Administrative Agent, for the benefit of the Lenders, a first-priority security interest in substantially all of their respective assets, in each case as more fully described in the Term Sheet; (iv) intellectual property security agreements (covering patents, trademarks, copyrights, and related IP rights of the Borrower and each Guarantor); (v) deposit account control agreements with respect to each material deposit account of the Borrower and each Guarantor; and (vi) such other ancillary documents, instruments, and agreements as the Administrative Agent shall reasonably request, consistent with the terms of the Term Sheet
For the avoidance of doubt, a reduction in the Purchase Price of less than ten percent (10%) shall not be deemed to be materially adverse to the interests of the Lenders
For purposes of this Commitment Letter, "Material Adverse Effect" shall have the meaning ascribed to such term (or any analogous term) in the Acquisition Agreement as in effect on the date hereof