Item 1.01 Entry into a Material Definitive Agreement.

On December 29, 2021, Applied Optoelectronics, Inc. (the "Company") executed a Sixth Amendment to Loan Agreement and a Fifth Amendment to Security Agreement, a Note Modification Agreement, and an Addendum to Promissory Note (together the "Amended Credit Facility") with Truist Bank (the "Lender"). The Amended Credit Facility extends the $20 million line of credit with Lender, originally entered into on September 28, 2017 (the "Credit Line"), until April 15, 2023.

Borrowings under the Amended Credit Facility will be used for general corporate purposes and will bear interest at a rate equal to the Secured Overnight Financing Rate (SOFR) plus 1.56%, with a SOFR floor of 0.75%. The Company will make monthly payments of accrued interest with the final monthly payment being for all principal and any accrued interest not yet paid.

The Company's obligations under the Credit Line is secured by the Company's accounts receivable, inventory, intellectual property, all business assets with the exception of real estate and equipment. The Credit Line requires the Company to maintain certain financial covenants and also contains representations and warranties, and events of default applicable to the Company that are customary for agreements of this type.

The foregoing description of the Amended Credit Facility does not purport to be a complete statement of the parties' rights and obligations under such documents and is qualified in its entirety by reference to the full text of the Sixth Amendment to Loan Agreement and Fifth Amendment to Security Agreement, the Note modification Agreement, and the Addendum to Promissory Note, dated December 29, 2021, copies of which are attached as Exhibit 10.1 through 10.3 to this Current Report on Form 8-K and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


           Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 of this Current Report on Form 8-K with respect to the Amended Credit Facility is incorporated by reference herein and made a part hereof.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits



10.1     Sixth Amendment to Loan Agreement and Fifth Amendment to Security
       Agreement, December 29, 2021, between Applied Optoelectronics, Inc. and
       Truist Bank.

10.2     Note Modification Agreement, dated December 29, 2021, between Applied
       Optoelectronics, Inc. and Truist Bank.

10.3     Addendum to Promissory Note, dated December 29, 2021, between Applied
       Optoelectronics, Inc. and Truist Bank.

104    Cover Page Interactive File (the cover page tags are embedded within the
       Inline XBRL document).
















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