News: CXO UPDATE 1-Tesla warns Core Lithium of potential lawsuit over failed deal, page-31

https://wcsecure.weblink.com.au/pdf/CXO/02494500.pdf

Announcement of Term Sheet

ASX: CXO Announcement
2 March 2022
Core Lithium and Tesla enter into binding Term
Sheet for the supply of lithium
Highlights
• Core Lithium and Tesla execute legally binding Term Sheet for
the supply of lithium spodumene concentrate from Core's
Finniss Lithium Project
• Core to supply up to 110kt of spodumene concentrate to Tesla
over 4 years, with pricing referenced to market price for
spodumene concentrate
• Tesla to support Core with planned development of lithium
chemical processing capacity
• Term Sheet subject to execution of a definitive agreement
Australia's next lithium producer, Core Lithium Ltd (ASX: CXO) (Core or Company), is
pleased to announce that it has entered into a legally binding Term Sheet with Tesla,
Inc. (Tesla) for the supply of up to 110,000 tonnes of Li2O spodumene concentrate
from the Finniss Lithium Project over a term of 4 years, with pricing referenced to
the market price for spodumene concentrate, subject to a price floor and ceiling
(Term Sheet).
This follows the Company's recent announcement (see ASX announcement dated
30 September 2021) that the Board has taken a Final Investment Decision to
commence development of the Company's wholly owned Finniss Project, located
near Darwin in the Northern Territory. The Company is fully funded to deliver the
Finniss Project, which has started construction, through to first lithium concentrate
production scheduled for Q4 2022.
The Term Sheet is subject to the parties completing negotiations and execution of a
definitive product purchase agreement by 27 August 2022, which is to provide for a
supply commencement date before 31 July 2023 (subject to extension by mutual
agreement)

Extension announcement:

https://wcsecure.weblink.com.au/pdf/CXO/02559840.pdf

Australia's next lithium producer, Core Lithium Ltd (Core or Company) (ASX: CXO),
advises that is has mutually agreed with Tesla, Inc. ("Tesla") to extend the termination
date for its binding offtake term sheet (“Offtake Term Sheet”) with Tesla to 26
October 2022.
The extension allows Core and Tesla to complete negotiations for the definitive full
form binding offtake agreement.
The Offtake Term Sheet with electric vehicle manufacturer Tesla is for the supply of
up to 110,000 dry metric tonnes of lithium spodumene concentrate produced at
Core's Finnis Lithium Project expected to commence in 2023 (refer to ASX
Announcement 2 March 2022).

Termination Date passed without agreement:

https://wcsecure.weblink.com.au/pdf/CXO/02588924.pdf

Australian lithium miner, Core Lithium (Core or Company) (ASX: CXO), provides the
following update on a definitive product purchase agreement with Tesla under the
binding term sheet (announced 29 August 2022). The date for concluding the term
sheet passed on 26 October 2022 without the agreement being completed.

So Not sure what Tesla want: the negotiations on the proposed deal was extended.

In any case, if they want the goods, where is the $$$$$$$$$$?

Have they paid any deposit?

Have they entered into any LC to secure the delivery of the goods?

No $$$$$$$$, no goods!!!