What the filed contracts say
| Contract | What the filed wording says |
|---|---|
| Broadcom TPU lease to Anthropic | The lessee may cure a default by buying all the equipment for the stipulated loss value plus other amounts owed. |
| Broadcom TPU lease to Anthropic | It must give an irrevocable notice to purchase and then pay in full in cash. |
| Broadcom TPU lease to Anthropic | Title transfers only on payment, and the lessor can keep enforcing until then. |
| Broadcom TPU lease to Anthropic | Stipulated loss value is the unpaid pod price plus accrued and future interest and fees. |
The filed wording
(a) If an Event of Default occurs and is continuing, Lessee may cure such Event of Default by purchasing all and not less than all of the Equipment subject to all existing Schedules for a purchase price equal to the sum (such value, the “EoD Purchase Price”) of (x) the Stipulated Loss Value for all such Equipment and (y) any additional amounts outstanding, unpaid and payable by Lessee to Lessor in connection with the Lease of such Equipment to the extent such additional amounts are not already included in the calculation of the Stipulated Loss Value, such additional amounts to include without limitation any Taxes, insurance premiums and deductibles, similar amounts and amounts due pursuant to the terms set forth on Annex 1; provided that, (i) Lessee shall have delivered to Lessor, on or before [***] days from the date on which Lessor has delivered a notice of default pursuant to Section 14.02(b)(i) or, in the case of an Event of Default under Section 14.01(g), from the initial occurrence of such Event of Default (or, with respect to an Event of Default that is an Other Event of Default, [***] days from the date such Other Event of Default triggers a Full Remedies Trigger Event and Lessor has delivered a notice of default pursuant to Section 14.02(b)(i)), an irrevocable written notice of Lessee’s election to exercise such purchase option (a “Notice to Purchase”), and (ii) Lessee shall have delivered to Lessor on or before the date that is [***] days following delivery of such Notice to Purchase payment in full in cash of the EoD Purchase Price; provided further that title of any such Equipment that is so purchased by Lessee pursuant to this clause (a) shall transfer to Lessee only upon payment by Lessee to Lessor in cash of the EoD Purchase Price; and provided further that, Lessor shall not be required to cease exercising any rights it may have hereunder prior to the time when the EoD Purchase Price has been paid in full.
Redacted in the filed copy: [***] or [*] marks text the filer left out.
