<SEC-DOCUMENT>0001019687-16-005888.txt : 20160414
<SEC-HEADER>0001019687-16-005888.hdr.sgml : 20160414
<ACCEPTANCE-DATETIME>20160414164105
ACCESSION NUMBER:		0001019687-16-005888
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160408
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160414
DATE AS OF CHANGE:		20160414

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APPLIED OPTOELECTRONICS, INC.
		CENTRAL INDEX KEY:			0001158114
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				760533927
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36083
		FILM NUMBER:		161572170

	BUSINESS ADDRESS:	
		STREET 1:		13115 JESS PIRTLE BLVD
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77478
		BUSINESS PHONE:		281-295-1800

	MAIL ADDRESS:	
		STREET 1:		13115 JESS PIRTLE BLVD
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77478

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLIED OPTOELECTRONICS INC
		DATE OF NAME CHANGE:	20010824
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>appliedopto_8k.htm
<DESCRIPTION>CURRENT REPORT ON FORM 8-K
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>UNITED STATES</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D. C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">______________</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
April 8, 2016</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Applied Optoelectronics, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of Registrant as specified in
its charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>001-36083</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>76-0533927</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>(State or incorporation)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>(Commission File Number)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>(I.R.S. Employer Identification No.)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>13115 Jess Pirtle Blvd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Sugar Land, TX 77478</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(address of principal executive offices and
zip code)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(281) 295-1800</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Registrant&rsquo;s telephone number, including
area code)</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; font-size: 10pt"><B>Item 1.01</B></TD>
    <TD STYLE="width: 86%; font-size: 10pt"><B>Entry into a Material Definitive Agreement.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On April 8, 2016, Applied Optoelectronics, Inc.
(the &ldquo;Company&rdquo;) renewed its NT$90 million and NT$120 million, one year revolving credit facilities, originally dated
March 9, 2015 (collectively the &ldquo;Renewed Credit Facility&rdquo;), with E. Sun Commercial Bank Co., Ltd. in Taipei, Taiwan
(the &ldquo;Bank&rdquo;). Borrowings under the Renewed Credit Facility will be used for general corporate purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company may draw upon the Renewed Credit
Facility from February 3, 2016 until February 3, 2017, with the initial draw to occur no later than June 3, 2016. The term of each
draw shall not exceed 180 days. The Company will make monthly payments of accrued interest with the final monthly payment being
for all principal and all accrued interest not yet paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>NT$90 Million Credit Facility </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Borrowings under the NT$90 Million credit facility
will bear interest at a rate equal to the London Interbank Offered Rate (LIBOR) plus 1.7% divided by 0.946. The Company&rsquo;s
obligations under the NT$90 million credit facility are secured by the Company&rsquo;s certificates of deposit with the Bank and
a promissory note issued by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>NT$120 Million Credit Facility </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Borrowings under the NT$120 Million credit
facility will bear interest at a rate<FONT STYLE="font-size: 10pt"> </FONT>equal to the Bank&rsquo;s<FONT STYLE="font-size: 10pt"> </FONT>personal
monthly time deposit interest rate plus 0.480%. The Bank&rsquo;s personal monthly time deposit interest rate is currently
1.22%. The Company&rsquo;s obligations under the Credit Facility are secured by a promissory note issued by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The General Crediting Agreement for the Renewed
Credit Facility contains representations and warranties, and events of default applicable to the Company that are customary for
credit facilities of this type.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The foregoing description of the Renewed Credit
Facility does not purport to be a complete statement of the parties&rsquo; rights and obligations under the General Crediting Agreement
for the Renewed Credit Facility and is qualified in its entirety by reference to the full text of the General Crediting Agreement,
dated April 8, 2016, the Promissory Note, dated April 8, 2016, and the Loan Approval Notice, copies of which are attached to this
Current Report on Form 8-K as Exhibits 10.1, 10.2, and 10.3, respectively, and incorporated by reference herein .</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; font-size: 10pt"><B>Item 2.03</B></TD>
    <TD STYLE="width: 86%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Creation of a Direct Financial Obligation or an Obligation under
        an Off-Balance Sheet Arrangement of a Registrant.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The information contained in Item 1.01 of
this Current Report on Form 8-K with respect to the Renew Credit Facility is incorporated by reference herein and made a part
hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; font-size: 10pt"><B>Item 9.01</B></TD>
    <TD STYLE="width: 86%; font-size: 10pt"><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%">10.1</TD>
    <TD STYLE="width: 90%">Translation of the General Crediting Agreement, dated April 8, 2016, between Applied Optoelectronics, Inc. and E. Sun Commercial Bank Co., Ltd.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.2</TD>
    <TD>Translation of the Promissory Note, dated April 8, 2016, between Applied Optoelectronics, Inc. and E. Sun Commercial Bank Co., Ltd.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.3</TD>
    <TD>Translation of Loan Approval Notice by E. Sun Commercial Bank Co., Ltd.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.55in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>Date: April 14, 2016</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>APPLIED OPTOELECTRONICS, INC.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/&nbsp;<FONT STYLE="text-transform: uppercase">David C. Kuo</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name</TD>
    <TD><FONT STYLE="font-variant: small-caps">David C. Kuo</FONT>,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>General Counsel and Secretary</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>appliedopto_8k-ex1001.htm
<DESCRIPTION>TRANSLATION OF THE GENERAL CREDITING AGREEMENT
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="background-color: white"><B>Exhibit 10.1</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">General
Crediting Agreement </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">Unit:
Xinzhuang Corporate Finance Center of E.SUN Bank</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Account Holder: Applied Optoelectronics,
Inc. (AOI) Taiwan Branch</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date: April 8th,
105 of ROC</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="background-color: white">E.SUN
Bank</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">General
Crediting Agreement</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">For
applying to E.SUN BANK (including its headquarters and branches and hereinafter referred to as You or Your) for credits, <U>Applied
Optoelectronics, Inc. (AOI) Taiwan Branch</U> along with its joint guarantor (hereinafter referred to as the Guarantor and referred
to as the Promisor along with the borrower) hereby sign a general crediting agreement (hereinafter referred to as the Agreement).
The credit limit that You grant to the Promisor totals:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">(Currency)
<U>NTD 210,000,000 only</U> (hereinafter referred to as the Credit, which includes individual credit limit and general credit
limits of the categories).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Unless
the Promisor has otherwise signed a crediting agreement and issued certificates for crediting purposes with You, this Agreement
shall be applicable to all the crediting business between You and the Promisor. It includes the following terms:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">I.
Common terms</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
All the liabilities mentioned in this Agreement refer to the liabilities of the Promisor to You, including liabilities related
to loans, advances, acceptance, notes, guarantees, counter indemnity, overdraft, discounts, purchase of clean bills, L/C issuance,
inward and outward documentary bills, forex for import and export, account receivable financing contracts, financial derivatives
trading contracts, credit card contracts, and franchise store contracts and any other liabilities incurred due to basic legal business
relationships between us, as well as the interests, delay interests, breach penalties, business fees, damage compensations, and
other financial burdens associated with the primary liability. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
When a change that may affect your rights and interests occurs, such as a change in a name, organization, articles of association,
stamp, representative, or representative authorization, the Promisor shall immediately notify You of the change in writing and
complete the change or stamp deregistration procedure. The Promisor is willing to assume the responsibility for the business conducted
with You before the aforesaid notification and change or stamp deregistration procedure, and shall be liable for compensation for
the damages caused thereby. </FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
The Promisor shall immediately notify You of an address change in writing. If the Promisor fails to do so, the related documents
that You delivered to the address specified in this Agreement or the last address of which the Promisor notifies You are deemed
served after a normal mailing period, unless otherwise stipulated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: Transparent"><FONT STYLE="background-color: white">The
Promisor agrees that a bulletin can be used to replace a notice when You transfer your creditor's rights for financial asset-backed
securitization.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
This Agreement and other crediting certificates or related documents shall be made in Chinese and English. The Chinese content
shall prevail in case of inconsistency between the content in different languages.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
You can immediately cancel or reduce the credit limit, reduce the credit period, or deem all debts due without a prior notice or
reminder in case that any of the following situations regarding the Promisor's liabilities to You occurs:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(1)
The principal of any debt is not repaid as agreed.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(2)
Reconciliation, bankruptcy, or company restructuring is applied for as per the Bankruptcy Law or Regulation of the Consumer Debt
Clearance, a clearing house announces transaction rejection in its bulletin, business operation is stopped, or debt clearance is
going on.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(3)
The guarantee obligation is not performed as agreed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(4)
When the heir requests a court to implement the entailed settlement procedure or renounces the right of succession after the death
of the Promisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(5)
The major assets of the Promisor are confiscated due to a crime.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(6)
The Promisor has an overdue debt with another financial institute or a note for repaying your debt cannot be cashed upon maturity.
(This item is an individually negotiated term.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(7)
A certificate that you approve for specific funding purposes is suspended or revoked. (This item is an individually negotiated
term.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(8)
A material provided by or a statement made by the Promisor is false or incomplete, the Promisor fails to honor its promise, the
Promisor's financial and business conditions have changed significantly, or the Promisor's agreed source of repayment is interrupted.
(This item is an individually negotiated term.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">You
can immediately cancel or reduce the credit limit, reduce the credit period, or deem all debts due after a reasonable notice or
reminding period in case that any of the following situations regarding the Promisor's liabilities to You occurs:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(1)
The interest of any debt is not paid as agreed.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(2)
The collateral is seized or lost, or the value of the collateral is reduced or is insufficient to cover to creditor's right.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(3)
The Promisor uses a loan that You provide for non-approved purposes.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(4)
You may not be repaid because the Promisor's assets are subject to a mandate, sequestration, provisional injunction, or other
preservation actions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(5)
A note of the Promisor or its responsible person is returned but he/she fails to complete repayment and deregistration. (This
item is an individually negotiated term.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">6.
During crediting transactions, if the Guarantor provides guarantee for the liabilities as a director, supervisor, or representative
of the Promisor and resigns from the aforesaid position but the Promisor fails to notify You of this matter, or if the Promisor
has notified You of the matter but the Guarantor fails to continue providing the guarantee personally and You disallow replacement
of the Guarantor, You can immediately cancel the credit limit granted to the Promisor or deem all the debts of the Promisor due.
If the Promisor fails to deliver the aforesaid notice in a timely manner, it is willing to compensate for your loss caused thereby.
(This term is an individually negotiated term.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
The Guarantor is willing to assume as a joint debtor the responsibility to repay the principals, interests, delay interests, breach
penalties, loss compensation liabilities, and other financial burdens associated with the primary liability incurred by the Promisor
under this Agreement, and will never refuse to fulfill the guarantee responsibility in case that the Promisor's <I>Drawdown Application
Notice</I> is not signed and stamped by the Guarantor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">8.
If the Promisor fails to fulfill its liability guaranteed by the Guarantor, the Guarantor shall immediately fulfill the responsibility
and make repayment in full and agrees that You can seek repayment from the Guarantor without using the collateral to make repayment
first.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">9.
In case that the Promisor breaches this Agreement, You have the right to use all its deposits with you and all its creditor's rights
against you (except check deposits) to repay all its liabilities to You before maturity regardless of the periods of creditor's
rights and liabilities. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">The
Promisor understands and agrees the check deposit agreement it signs with You is terminated when the Promisor breaches any agreement
it signs with You and You assert the right to reduce the credit limit or credit period or deem all its debts due as agreed. Once
the termination condition is met, the aforesaid check deposit agreement becomes ineffective and You shall immediately refund the
balance of the check deposit account and use the balance to be refunded to repay all the Promisor's liabilities to You.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">The
aforesaid two prearranged offsets mean that, after your offset notice is served or deemed served on the Promisor, the offsets take
effect from the earliest debt. In addition, the deposit slips, deposit books, checks, and other certificates that You issue for
the Promisor become ineffective if they are involved in the offsetting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">10.
If the Promisor has multiple debts with You but the payment of the Promisor or a third party is insufficient to cover all the debts,
the payment is used to sequentially pay fees, breach penalties, interests, and principals. The Promisor agrees that You can decide
the paying sequence for the debts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">11.
The Promisor is willing to receive your supervision on the usage of the credit You grant, audit of business and financial conditions,
inspection and monitoring of collaterals, and inquiry for related account books, reports (including associated enterprises' consolidated
financial statements), documents, and files. If You deem it necessary, You can require the Promisor to regularly submit the aforesaid
materials for credit investigation or to provide financial statements signed by accountants that You recognize and ask the accountants
to provide their working paper, and send copies of financial statement review reports to the Joint Credit Information Center (JCIC).
However, You are not obliged to perform supervision, audit, inspection, monitoring and inquiry. When You deem that the Promisor's
financial structure needs improvement, You can require the Promisor to improve its financial structure and the Promisor shall make
appropriate improvement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">12.
The Promisor agrees that You, JCIC, SME Credit Guarantee Fund, Clearing House, and domestic and foreign financial institutes can
collect, process, transfer globally, and use the Promisor's personal information in accordance with laws. You can also provide
the Promisor's personal information as permitted by laws and administrative regulations for the aforesaid institutes to collect,
process, transfer globally, and use.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">The
Promisor agrees that You can collect the Promisor's lease and installment transaction information from the JCIC and process and
use the information for handling crediting transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">The
Promisor agrees that You can collect the Promisor's financial derivative credit information and credit use information from the
JCIC and process and use the information for handling financial derivative transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">The
Promisor agrees that You can collect the Promisor's information required according to Article 3 of <I>Regulations on Provision
of Labor Retirement Reserve Fund Data to Financial Institutions</I> from the JCIC and process and use the information for handling
crediting transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">The
Promisor agrees that You can apply to the local administrative authorities on behalf of the Promisor for copies of type-1 land
registration materials and land price materials as well as related materials for handling crediting transactions, and can collect,
process, and use the materials for that purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">13.
If the certificates of creditor's rights corresponding to the Promisor's liabilities to You are missing, eliminated, or destroyed,
the Promisor is willing to create the certificates according to your notice and provide them for You, or to honor its liabilities
based on the amounts recorded on your account books, tickets, documents created using computers, certificates of creditor's rights,
transaction document photocopies, or miniaturized copies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">14.
The persons who hold the collateral receipt, certificate of custody, or promisor seal that You issue for the Promisor and require
You to return or replace the collaterals and related documents are deemed agents of the Promisor, and You shall allow the return
or replacement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">15.
The Promisor agrees that You can, for transferring creditor's rights, provide its liability information for the transferee and
price auditor. You shall urge the information users to comply with the secret protection specification in the Banking Law, Personal
Information Protection Act, and other related laws and not to disclose the related information to third parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">16.
All the crediting certificates, notes, and related documents exchanged between You and the Promisor enter into force with signature,
the company seal registered at the Ministry of Economic Affairs, or the Promisor's seal included in this Agreement. (This item
is an individually negotiated term.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">17.
All the Promisor's liabilities to You shall be handled in accordance with the laws of ROC, unless otherwise stipulated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">The
place of performance of this Agreement is the address of your </FONT><U>Xinzhuang branch</U><FONT STYLE="background-color: white">.
If this Agreement, other crediting certificates, or related documents are involved in a lawsuit, Taipei District Court or </FONT><U>New
Taipei District Court</U><FONT STYLE="background-color: white"> shall be the court of first instance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">18.
In addition to complying with the terms in this Agreement and related crediting certificates, the Promisor agrees to include the
specifications in the latest releases of the <I>Uniform Customs and Practice for Documentary Credits</I>, <I>Uniform Rules for
Collection</I>, <I>International Rules for the Interpretation of Trade Terms</I>, <I>Uniform Rules for Demand Guarantee</I>, <I>The
Uniform Rules for Bank-to-Bank Reimbursement Under Documentary Credits</I>, and <I>International Standby Practices </I>of ICC as
well as forex control regulations as part of this Agreement and be bound thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">When
the aforesaid laws and regulations change, You can perform a change, adjustment, or termination according to the actual situation
and new laws and regulations, and the Promisor shall not raise a dispute.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">19.
For money laundering and terrorism financing prevention, the Promisor agrees that You can take the following measures according
to <I>The Money Laundering Control Act</I>, <I>Guidelines Governing Anti-Money Laundering and Combatting the Financing of Terrorism
by the Banking Sector</I>, and <I>Template of Guidelines Governing Anti-Money Laundering and Combatting the Financing of Terrorism
by the Banking Sector</I>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(</FONT>1)
When finding that the Promisor is a terrorist or terrorist group under economic sanction or a terrorist or terrorist group that
has been identified or is being investigated by a foreign country or international money laundering control organization, You can
temporarily stop all transactions and business relationships with the Promisor without notice. You can also terminate all the service
terms in this Agreement, but you shall notify the Promisor in writing <FONT STYLE="background-color: white">60</FONT> days (included)
before termination takes effect<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(</FONT>2)
During your regular examination of the Promisor's identity or when necessary (including but not limited to the situations where
You suspect that the Promisor involves in illegal activities, money laundering, terrorism financing activities, or special criminal
cases reported by media), You can require the Promisor to provide personal or corporate information required for inspection or
to explain the nature and purposes of transaction or the sources of funds within 60 days (included) after it receives your notice<FONT STYLE="background-color: white">.</FONT>
If the Promisor fails to do so, You can terminate the service terms of this Agreement in writing and the termination takes effect
upon the written notice is served on the Promisor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">20.
Interests, delay interests, and breach penalties of all the Promisor's liabilities to You shall be calculated according to the
interest rates and charging rates specified in this Agreement, other crediting certificates, or related documents. If such specification
is unavailable, the interests shall be calculated according to the benchmark interest rate in your bulletin on the date when creditor's
right is exercised. Unless otherwise stipulated, the interests of loans with a maturity shorter than 1 year (included) shall be
calculated on a daily basis and paid on a monthly basis. The interests of loans with a maturity longer than 1 year shall be calculated
and paid on a monthly basis, while the remaining days less than 1 month shall be calculated and paid on a daily basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">For
an interest, delay interest, or breach penalty calculated on a daily basis, each calculation year consists of 365 days if the credit
is granted in NTD, while the number of days in each calculation year depends on the international practices for the foreign currencies.
This rule applies to leap years. If interest calculation for a loan involves a new and an old interest rates, the interest shall
be calculated based on the proportion of days when the new interest rate is applicable in the term of the loan and the proportion
of days when the old interest rate is applicable in the term of the loan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">21.
The Promisor complies with this Agreement when applying for use of the credit limit, and is willing to pay in full as agreed all
the fees including advances, loans, interests, L/C issuance fees, guarantee fees, and acceptance fees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">If
the Promisor repays the principal of a loan You provide after maturity, it shall pay a delay interest calculated based on the
agreed interest rate. In case that the Promisor repays a principal or pays an interest after maturity, the Promisor shall pay
a breach penalty based on 10% of the agreed interest rate if the delay calculated from the principal due date or interest
payment date is not longer than 6 months, while it shall pay another breach penalty calculated based on 20% of the agreed
interest rate after the 6 months.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">If
the Promisor fails to repay an advance or pay a fee as agreed, a delay interest shall be calculated from the date when You made
the advance or the date when the Promisor shall pay the fee based on your benchmark interest rate for the date of calculated plus
the annual interest rate 3.95%. In addition, the Promisor shall pay a breach penalty equal to 10% of the delay interest if the
delay is not longer than 6 month, and shall pay another breach penalty equal to 20% of the delay interest after the 6 months.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">If
the Promisor fails to repay a foreign currency advance or loan or pay a foreign currency fee as agreed, the Promisor shall pay
a delay interest based on your general forex credit interest rate or based on your NTD benchmark interest rate plus the annual
interest rate 3.95% for the due date or payment date, whichever is higher. If the Promisor fails to repay a principal or pay an
interest upon maturity, the Promisor shall pay a breach penalty equal to 10% of the delay interest if the delay calculated from
the maturity is not longer than 6 months, and shall pay another breach penalty equal to 20% of the delay interest after the 6 months.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">The
Promisor shall be responsible for your expenses required for exercising your creditor's rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">22.
Description of setting the benchmark interest rate and time deposit interest rate index:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(1)
Benchmark interest rate</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">1.
<FONT STYLE="background-color: white">Basis: Benchmark interest rate = Arithmetic average of the interbank offered rate in the
last three months + A certain rate, where &quot;Arithmetic average of the interbank offered rate in the last three months&quot;
is calculated based on the arithmetic average of the interbank offered rate released by the Interbank Lending Center and &quot;A
certain rate&quot; is calculated based on your capital cost, operation cost, and interest rate risks. You shall review and adjust
them according to market changes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">2.
<FONT STYLE="background-color: white">Interest rate sampling: based on the arithmetic average of the interbank offered rate released
by the Interbank Lending Center (rounded off to 2<SUP>nd</SUP> decimal place) for the three full months before the adjustment date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">3.
<FONT STYLE="background-color: white">Adjustment frequency:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(1)
The benchmark interest rate is adjusted every three months on March 23, June 23, September 23, and December 23 (or on the following
business day in case of a holiday).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">Adjustment
frequency table</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment Date</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3/23</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6/23</FONT></TD>
    <TD STYLE="width: 23%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9/23</FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12/23</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applicable Period</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3/23-6/22</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6/23-9/22</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9/23-12/22</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12/23-3/22</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sampling Date</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12/1-2/29</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3/1-5/31</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6/1-8/31</FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9/1-11/30</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(2)
The monthly benchmark interest rate is adjusted every month on 23rd (or on the following business day in case of a holiday).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">Adjustment
frequency table</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment Date</FONT></TD>
    <TD STYLE="width: 77%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23rd every month</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applicable Period</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt;">23rd every month -22nd in the following month</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sampling Date</FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1st </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in the first three months - Last day in the previous month</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
If a serious force majeure case occurs (for example, the sampling organization undergoes merger, ceases to exist, or is unable
to offer an interbank offered rate), You can change the basis of the benchmark interest rate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(2)
Time deposit interest rate index</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">1.
<FONT STYLE="background-color: white">Basis: The time deposit interest rate index is set based on the average of fixed interest
rates for one-year time savings deposits of reference banks selected among famous domestic banks including Bank of Taiwan, Chang
Hwa Bank, Hua Nan bank, First Bank, Taiwan Cooperative Bank, Land Bank of Taiwan, Mega International Commercial Bank, Cathay united
Bank, Taiwan Business Bank, and CTBC Bank (the bulletin on your website at the time when a loan is granted shall prevail).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">2.
<FONT STYLE="background-color: white">Adjustment frequency:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent">(1)
<FONT STYLE="background-color: white">The three-month time deposit interest rate index is adjusted every three months on February
21, May 21, August 21, and November 21 (or on the following business day in case of a holiday). The average interest rate for 11th
to 17th in the month of the adjustment day shall prevail and the adjustment time specified in the Central Bank's bulletin on the
day shall prevail. The index shall be rounded off to 2<SUP>nd</SUP> decimal place.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Adjustment
frequency table</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment
    Date</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2/21</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5/21</FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8/21</FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11/21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applicable
    Period</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2/21-5/20</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5/21-8/20</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8/21-11/20</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11/21-2/20</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sampling Date</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2/11-2/17</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5/11-5/17</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8/11-8/17</FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11/11-11/17</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; text-indent: 0in; background-color: transparent">(2)
<FONT STYLE="background-color: white">The one-month time deposit interest rate index is adjusted every month on 21st (or on the
following business day in case of a holiday). The applicable period is 21st in a month to 20th in the following month. The average
interest rate for 11th to 17th in the month of the adjustment day shall prevail and the adjustment time specified in the Central
Bank's bulletin on the day shall prevail. The index shall be rounded off to 2<SUP>nd</SUP> decimal place.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">Adjustment
frequency table</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment Date</FONT></TD>
    <TD STYLE="width: 77%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21st every month</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applicable Period</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21st every month -20th in the following month</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sampling Date</FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11th- 17th every month</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent">3. <FONT STYLE="background-color: white">The
Promisor agrees that You can replace the reference banks of the time deposit interest rate index at your discretion with other
domestic banks You designate in case of any of the following situations:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 44pt; text-align: justify; background-color: transparent">(1)
<FONT STYLE="background-color: white">A reference bank performs acquisition, is acquired, ceases to exist, stops business operation,
becomes bankrupt, or undergoes restructuring, or is ordered to stop business operation, receive supervision, or is taken over according
to Article 62 of the Banking Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.3pt; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 44pt; text-align: justify; background-color: transparent">(2)
<FONT STYLE="background-color: white">A reference bank stops selling one-year time savings deposit products with fixed interest
rates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.3pt; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(3)
LIBOR</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22pt; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">The
LIBOR information released daily by Thomson Reuters shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(4)
TAIFX3</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22pt; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">The
TAIFX3 information released daily by Thomson Reuters shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(5)
Release means: New benchmark interest rates and time savings deposit interest rate index will be released using Your </FONT>Deposit
and Loan Interest Rate Table at Your offices and Your website (www.esunbank.com.tw).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">II.
Special crediting terms</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white"><U>General
loan (guarantee)</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">1.
The credit limit, credit use period, loan interest rate, use mode, loan period, and repayment mode specified in the <I>Crediting
Conditions Notice and Letter of Confirmation</I> signed between You and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">2.
The Promisor agrees that You credit each loan to the account opened by the Promisor with You, or that a loan is deemed received
by the Promisor when it is credited by another means specified by the Promisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white"><U>Overdraft
(guarantee)</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">1.
If the Promisor applies for overdrafts from the overdraft account (for details, see section III &quot;Other special terms&quot;
herein), the credit limit, credit use period, and loan interest rate specified in the <I>Crediting Conditions Notice and Letter
of Confirmation</I> signed between You and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">2.
The Promisor agrees that the balance of the overdraft account shall be regarded as the total loan and You are not required to provide
evidence otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">3.
If the loan principal and interest exceed the overdraft limit, the Promisor shall immediately repay the excess.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">When
the credit use period expires, the Promisor shall immediately repay all principals and interests.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">4.
Interests are settled once every month and can be deducted without the Promisor's deposit book and withdrawal slip or the Promisor's
check on the first day of the following month from the Promisor's overdraft account using an automated device or a payment document
signed by any of your authorized persons. If the account balance is zero or insufficient, the deficiency shall be added to the
principal for interest calculation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">If
the overdraft account balance is insufficient for paying a check after You deduct interests from the account, the Promisor shall
handle any dispute caused thereby and You shall not be held liable. This term also applies to the situation where You refuse to
pay a check that exceeds the overdraft limit when the overdraft limit has been exceeded or will soon be exceeded.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">5.
If you deem that the Promisor fails to use an overdraft for an appropriate purpose or for other reasons, You can immediately reduce
the overdraft limit or stop paying the checks and/or other notes that have been written by the Promisor, and can immediately instruct
the Promisor to repay the overdraft principal and interest within 30 days regardless of the agreed due dates. The Promisor is willing
to completely follow the instruction without a dispute. In case of a dispute, liability or expense caused by a third party, the
Promisor shall be fully responsible for handling the issue and the Promisor shall fully compensate for any loss caused thereby
to You.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white"><U>Domestic
advances</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">1.
The credit limit, credit use period, loan period, and loan interest rate specified in the <I>Crediting Conditions Notice and Letter
of Confirmation</I> signed between You and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
When applying for using the credit, the Promisor shall provide a<I> Drawdown Application Notice</I> that specifies the loan amount.
The loan is made after You approve the application and the Promisor shall repay the loan within the specified period. The loan
period specified in the application shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">When
using the credit, the Promisor shall attach legal commodity sales, lease, or service provisioning documents that You approve and
transfer them to You. You can decide the loan amount at your discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
The Promisor agrees that You credit each loan to the account opened by the Promisor with You, or that a loan is deemed received
by the Promisor when it is credited by another means specified by the Promisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
The Promisor agrees that the provided documents shall be cashed upon maturity and the cash shall be credited to the dedicated repayment
account opened with You. (For details, see section III &quot;Other special terms&quot; herein.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
The Promisor agrees that the balance of this credit shall be decided according to the loan amounts specified in the Promisor's
<I>Drawdown Application Notice</I>s or your related tickets and account books.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">6.
If a document provided by the Promisor cannot be presented for acceptance or payment or no payment is made against the document
upon maturity, You may not issue a certificate of protest but notify the Promisor of the protest reason. The Promisor shall redeem
the document with the same amount of cash within 3 days after receiving your notice. If the Promisor fails to do so, You can deem
all the loans under this Agreement due without notifying or reminding the Promisor again. (This term is an individually negotiated
term.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
If the Promisor's note of a loan with You becomes ineffective after it is lost, ceases to exist, or is counterfeited or altered
due to transfer or other accidents, the Promisor is willing to make repayment based on the amount specified in your account books.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><U>Issuance
of domestic L/C</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
If the Promisor entrusts You to issue a domestic L/C (including L/C at sight, LC after sight, and L/C in advance) and notify the
L/C beneficiary within the L/C validity period of acceptance or payment against the issued bill, the credit limit, credit use period,
use mode, and L/C issuance fee specified in the <I>Crediting Conditions Notice and Letter of Confirmation</I> signed between You
and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
For an L/C issued within the credit use period, the Promisor still entrusts You to make acceptance or payment against the bill
although the maturity date of the bill is later than the end of the aforesaid period, and the Promisor is willing to assume the
repayment responsibility as stipulated herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
When the Promisor applies to You for issuance of domestic L/Cs, it shall fill out an <I>Application for Domestic Irrevocable Standby
Documentary Credit</I> (hereinafter referred to as the <I>Application for Documentary Credit</I>) for each L/C and provide the
documents You require. The Promisor agrees that the balance of this credit shall be decided according to the amount specified in
the Promisor's <I>Application for Documentary Credit </I>and <I>Bill of Exchange</I> or the amount specified in your related ticket
and account book.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
When the Promisor applies for issuance of a domestic L/C at sight, the bill shall be payable at sight, and the date before the
beneficiary presents the bill for payment or the due date You specify shall be the debt repayment date. If You agree to make an
advance payment for a bill at sight to the beneficiary at the Promisor's request, the payment can be made up to 10 days before
maturity date and the interest rate of the advance payment specified in the <I>Crediting Conditions Notice and Letter of Confirmation
</I>signed between You and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
For a domestic L/C after sight, the maximum term of the bill specified in the <I>Crediting Conditions Notice and Letter of Confirmation
</I>signed between You and the Promisor shall prevail. The Promisor shall transfer the principal and interest to You to prepare
for repayment one day before the maturity of the bill or on the date You specify.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">6.
The Promisor can submit an <I>Application for Documentary Credit</I> to entrust You to make a short-term loan to repay the advances
that You made for the L/Cs issued based on this credit limit. This Agreement and the <I>Application for Documentary Credit</I>
shall be used as evidence of the loan and no additional certificate is required. The loan period and interest rate specified in
the <I>Crediting Conditions Notice and Letter of Confirmation</I> signed between You and the Promisor shall prevail. The loan shall
be made although the loan date is later than the credit use period and/or the L/C validity period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
If the Promisor fails to repay an advance or pay a fee as agreed, it is willing to pay a delay interest and breach penalty calculated
based on the specifications herein from the day when the advance is made (or the 11th day after an advance is made for an L/C at
sight) or the payment date of the Promisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">8.
After You deem that the bill and attached documents under an L/C You issue for the Promisor at its request seemingly comply with
the terms of the L/C and make acceptance or payment against them, the Promisor is willing to repay You as scheduled. You shall
not be held liable despite that the aforesaid bill and attached documents are proved afterwards to have been counterfeited or altered
or include defects (including inconsistency with documents in terms of goods quality or quantity) and the Promisor shall never
refuse to make repayment for any reason.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">9.
You shall not be held liable in case that an L/C under this Agreement is transferred incorrectly or with a delay or has an interpretation
error, part or all of a bill or the goods specified in the bill cease to exist, are delivered with a delay, or fail to reach the
place of delivery, or the goods are lost or damaged during or after transportation due to a lack of insurance or insufficient insurance,
retention or withholding by any third party, or other reasons. The Promisor shall repay the amount specified in the L/C in full.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">10.
For the goods under an L/C, the Promisor shall be held liable in cases that the L/C beneficiary or seller fails to perform the
contract or delays delivery, the goods have defects, a loss is caused by force majeure, or the insurance company refuses to settle
claims or the settlement is insufficient or delayed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">11.
For the goods under an L/C, the Promisor is willing to obtain your prior consent on the insurance types and conditions at your
request and purchase insurance policies with You being the beneficiary that provide sufficient coverage. When deeming it necessary,
You can notify the Promisor to purchase additional insurance policies and the Promisor shall pay all the insurance costs. If the
Promisor fails to purchase or renew insurance policies, You have the right to purchase or renew them on behalf of the Promisor
but are not obliged to do so. If You pay the insurance premium, the Promisor is willing to repay You immediately. If the Promisor
repays You with a delay, the Promisor is willing to pay a delay interest and breach penalty as stipulated herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">12.
The Promisor is willing to provide the shipping documents and purchased goods specified in the L/Cs for this credit as well as
other collaterals as liability guarantees for the bills under the L/Cs, and use this Agreement as a proof of guarantee provision.
In case of collateral deterioration or devaluation, the Promisor is willing to immediately make supplement. When deeming it necessary,
You can dispose the collaterals for repaying the principal and interest of each advance You have made as well as all disposal costs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><U>Counter
indemnity</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
The amounts, periods, and matters of guarantees specified in the guarantee documents that You issue and sign shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
The credit limit, credit use period, use mode, guarantee fee, and payment mode specified in the <I>Crediting Conditions Notice
and Letter of Confirmation</I> signed between You and the Promisor shall prevail. The Promisor is also willing to pay other fees
including postage fees if any. If the Promisor pays a guarantee fee with a delay, it shall pay, in addition to the fee, a breach
penalty calculated according to the penalty calculation formulas specified herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
The Promisor shall fully perform item 1 in the &quot;Counter indemnity&quot; section herein and is willing to notify You of the
performance result in a timely manner. If the Promisor fails to perform the item in a timely manner and You pay a guarantee amount
on behalf of the Promisor, the Promisor is willing to immediately repay You in full and pay a delay interest and breach penalty
calculated from the date when You make the payment to the date the Promisor repays You.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">For
the aforesaid payment made using a foreign currency and the related fees, the promisor is willing to repay You in NTD based on
your forex selling rate for the date of repayment or repay You in the same foreign currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
When You are requested by the beneficiary of a guarantee document You sign to exercise the guarantee responsibility, You shall
unconditionally exercise the responsibility regardless of whether the guarantee conditions are met or a dispute exists. The Promisor
shall not disclaim the responsibility to repay You for a dispute with the beneficiary or any third party or for force majeure such
as natural disasters, terrane changes, and wars.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
This credit lasts from the date of signing till the date when the Promisor honors all its obligations related to this credit or
repays all its debts related to this credit. In the duration of this credit, the Promisor can request You once, multiple times,
or in a revolving manner to make loans within the counter indemnity limit. In the duration, all the guarantee documents You issue
and sign at the Promisor's request are effective. The Promisor shall fully assume the repayment obligation even though You make
an advance after the aforesaid credit expires.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">6.
After You issue and sign a guarantee document as per this Agreement, if it covers multiple guarantee matters but the Promisor fails
to honor its liability, which causes You to make an advance for any of the matters or a breach specified in article 5 of section
I &quot;Common terms&quot; herein occurs, You can settle all guarantee amounts and dispose the collaterals in accordance with laws
without exercising your guarantee responsibility, so as to guarantee that the Promisor assumes the responsibility to repay the
guarantee amount. The amount obtained from the disposal is used to repay your advance and all your costs for making the advance,
and the balance not greater than the guarantee amount shall be reserved by You for future repayment. If the collaterals are insufficient
or not provided, the Promisor shall provide sufficient collaterals or pay sufficient cash for future repayment, or You can convert
an amount of deposit not greater than the guarantee amount that the Promisor make with You into a reserve for future repayment
(for a time deposit, the time deposit agreement shall be terminated before the conversion<FONT STYLE="background-color: white">)</FONT>.
If You are exempted from the responsibility to make advances, You shall refund the reserve for repayment to the Promisor<FONT STYLE="background-color: white">.
(</FONT>This term is an individually negotiated term.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><U>Bill
acceptance <FONT STYLE="background-color: white">(</FONT>guarantee)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
This credit limit, credit use period, bill acceptance (guarantee), maximum term, and acceptance (guarantee) fee specified in the
Crediting Conditions Notice and Letter of Confirmation signed between You and the Promisor shall prevail. When applying for using
the credit, the Promisor shall provide a <I>Drawdown Application Notice</I>. The Promisor can use the credit only with your consent.
The amount, term, content, and other matters that are involved in acceptance (guarantee) and signed by You shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">When
You deem that the Promisor fails to exercise or comply with the terms herein, You can immediately refuse to perform acceptance
(guarantee).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
The Promisor shall pay the acceptance fee at a time to You when You perform acceptance (guarantee). If You change the rate, the
Promisor shall pay the fee at the new rate after receiving your notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
When the Promisor entrusts You to perform acceptance (guarantee), the Promisor is willing to credit the bill payment before the
bill maturity date to the dedicated repayment account opened with the clearing and settlement bank specified by the business authority.
In case that the Promisor fails to do so in a timely manner which causes You to make an advance, the Promisor is willing to repay
You the advance in full and the herein stipulated breach penalty calculated from the date when You make the advance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
The Promisor shall repay as per this Agreement the liabilities incurred when it entrusts You as per this Agreement to accept or
guarantee a bill, even though the date when you make the advance is later than the agreed acceptance or guarantee period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">If
the Promisor entrusts You as per this Agreement to accept or guarantee a bill which causes You to make an advance and/or causes
a loss to You, the Promisor shall immediately repay the amount of the bill, a delay interest, a breach penalty, fees, and the loss
and shall not raise a dispute or refuse to make the repayment for any reason regardless of whether the Promisor has a fault.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">5.
After You accept (guarantee) bills as per this Agreement, if the Promisor fails to honor its duty by the maturity date of any of
the bills, which causes You to make an advance or a breach specified in item 5 of section I &quot;Common terms&quot; herein occurs,
You can settle all acceptance amounts and dispose the collaterals in accordance with laws without exercising your acceptance (guarantee)
responsibility, so as to guarantee that the Promisor assumes the responsibility to repay the acceptance amount. The amount obtained
from the disposal is used to repay your advance and all your costs for making the advance, and the balance shall be reserved by
You for future repayment. If the collaterals are insufficient or not provided, the Promisor shall provide sufficient collaterals
or pay sufficient cash for future repayment, or You can convert an amount of deposit not greater than the acceptance <FONT STYLE="background-color: white">(</FONT>guarantee<FONT STYLE="background-color: white">)</FONT>
amount that the Promisor make with You into a reserve for future repayment (for a time deposit, the time deposit agreement shall
be terminated before the conversion). If You are exempted from the responsibility to make advances, You shall refund the reserve
for repayment to the Promisor<FONT STYLE="background-color: white">.</FONT>(This term is an individually negotiated term.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><U>General
loan <FONT STYLE="background-color: white">(</FONT>guarantee<FONT STYLE="background-color: white">)</FONT> in a foreign currency</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
For loans in foreign currencies that the Promisor requests from You (including revolving loans and D/A, D/P, and O/A loans), the
credit limits, credit use periods, use modes, loan periods, and interest rates specified in the <I>Crediting Conditions Notice
and Letter of Confirmation</I> signed between You and the Promisor shall prevail. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
The Promisor agrees that You credit each loan to the account opened by the Promisor with You, or that a loan is deemed received
by the Promisor when it is credited by another means specified by the Promisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">After
You make an import loan within this credit limit, You shall use the loan to repay the Promisor's D/A, D/P, and O/A loans in foreign
currencies that You have made to the Promisor and shall be repaid by the Promisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
The Promisor shall repay the principal and interest of each loan in a foreign currency by its due date using NTD based on the exchange
rate You specify on the date of repayment or based on the exchange rate specified in a forward exchange contract signed otherwise
between You and the Promisor or using the foreign currency. If the Promisor fails to make the repayment by maturity and the exchange
rate of the borrowed foreign currency has changed, the Promisor shall assume the exchange rate risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
The Promisor can use foreign currencies other than USD to request D/A, D/P, and O/A loans from You, but the amount of each loan
shall be converted into USD based on the exchange rate You specify and the loans shall not exceed this credit limit. If the amount
borrowed by the Promisor under this credit exceeds the loan limit for this credit due to an exchange rate change or another reason,
the Promisor shall also be liable for repaying the excess.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
When the Promisor requests importing goods under the D/A, D/P, or O/A payment term, it can apply to You with your consent for a
delivery guarantee or endorsement on the duplicate bill of lading within the credit limit. Each time the Promisor submits the application,
it shall provide an affidavite (dedicated to import collection delivery guarantee or duplicate bill of lading endorsement) as well
as the related contracts and documents You require. The Promisor acknowledges that it assumes loss compensation responsibility
to You as per the content of each affidavite and the amounts and agreements in related contracts and documents until the bill arrives
at You and the Promisor completes bill acceptance or makes the payment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">6.
When the Promisor requests a D/A, D/P, or O/A loan, it shall provide a <I>Drawdown Application Notice </I>or other certificates
to apply for a short-term loan in NTD and entrust You to use the short-term loan to repay the former loan. This Agreement shall
be used as a certificate of the short-term loan and no other certificate shall be created. In addition, the Promisor is willing
to comply with the following provisions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(1)
The loan period and loan interest rate specified in the <I>Crediting Conditions Notice and Letter of Confirmation</I> signed between
You and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(2)
The Promisor shall honor this duty even though the loan date is later than this credit use period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(3)
If the Promisor fails to honor this duty by the due date, it agrees that You can convert the loan to be repaid into another</FONT>
<FONT STYLE="background-color: white">currency based on an exchange rate You specify on the due date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
For the goods purchased or sold under this credit, the Promisor shall handle the situations where marine perils, wars or thieves,
fires or floods, or other force majeure incidents occur during transportation which destroy or devaluate part or all of the goods,
the insurance company refuses to make compensation, makes insufficient compensation, or delays compensation, or the goods cannot
be imported or exported for other reasons, and You shall not be held liable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white"><U>Export
loan</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
The credit limit, credit use period, use mode, loan period, and loan interest rate specified in the <I>Crediting Conditions Notice
and Letter of Confirmation</I> signed between You and the Promisor shall prevail. This credit is limited to the revolving loan
required to support export and shall not be used for other purposes. You can check its usage any time and the Promisor shall not
refuse.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
The Promisor agrees that You credit the loan to the account opened by the Promisor with You, or that the loan is deemed received
by the Promisor when it is credited by another means specified by the Promisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
You can require the Promisor to attach documents acceptable to You, such as export L/Cs or export collection documents, foreign
orders, export contracts, domestic trader's export goods purchase orders or contracts, export agreements of joint ventures, or
OEM export agreements. You can decide the loan amount according to the documents at your discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
The Promisor agrees that the balance of this credit shall be decided according to the loan amounts specified in the Promisor's
<I>Drawdown Application Notice</I> and <I>Bill of Exchange</I> or your related tickets and account books and the Promisor shall
never raise a dispute.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">The
Promisor agrees that all the applications and related documents that are submitted by the Promisor and acceptable to You are deemed
as part of this Agreement and have the same legal effect as this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
In case that a loan cannot be repaid using the corresponding export income, the Promisor is willing to immediately repay You upon
receiving your notice. Otherwise, all loans are deemed due immediately.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">6.
If the Promisor attaches an export L/C or export collection document to apply for using the credit, all export bill negotiation
procedures for the aforesaid L/C or export collection procedures must be completed by You and the Promisor agrees to use the export
income received through the procedures or other export incomes to repay the principal and interest of this credit first.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
If the Promisor attaches a document such as a foreign order or export contract to apply for using the credit, the Promisor agrees
to submit the L/C under the order or contract as soon as the L/C is received or export collection documents as soon as they are
ready to You, and to complete the export bill negotiation, export collection, or other exchange settlement procedures with You.
The Promisor agrees that its export income shall be used to repay the principal and interest of this credit first.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">8.
If the Promisor attaches a domestic trader's export goods purchase order or contract, an export agreement of a joint venture, or
an OEM export agreement to apply for using the credit, You can require the Promisor to provide a letter of undertaking signed with
the domestic drawee of the aforesaid document to promise to directly make the goods payment to You. In addition, the Promisor agrees
that the payment shall be used to repay the principal and interest of the credit first.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">9.
If the Promisor applies for using the credit without an export L/C, export collection document, order, contract, or agreement,
the Promisor agrees to use the payment received through the export bill negotiation, export collection, or other export procedures
completed with You to repay the principal and interest of the credit first within the loan period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white"><U>Export
bill negotiation</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
Because the Promisor can complete the bill negotiation or discounting procedure within this credit limit (specified in the <I>Crediting
Conditions Notice and Letter of Confirmation</I> signed between You and the Promisor), both parties agree that for the documentary
bills and/or export documents signed or endorsed by the Promisor: all the terms herein shall be deemed effective permanently and
applicable any time, all the documentary bills and/or documents signed or endorsed by the Promisor shall comply with this Agreement
regardless of whether the Promisor or a third party requests You to perform bill negotiation or discounting, and this Agreement
need not be signed again during each bill negotiation or discounting procedure unless otherwise required by You.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
The Promisor is willing to provide the shipping documents and goods covered by its bill negotiation or discounting application
to You as collaterals, so as to guarantee the amount, interest, and cost related to the documentary bill and/or document signed
or endorsed by the Promisor and negotiated by You</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
The Promisor authorizes You, any of your managers or agents, or the holder of the aforesaid bill and/or document to (optional)
have the bill and/or document collateral insured against all risks, including but not limited to robbery and pillage and fires
on land. The Promisor shall pay all the premiums and costs. You have the priority right for claim over the collaterals and can
dispose them at your discretion for repaying the Promisor's liabilities to You, other related fees, or fees charged by a third
party for paying insurance premiums, and this does not affect your right to claim against other debtors of commercial instrument.
In addition, You can follow the common business agent example to handle all necessary matters on behalf of the Promisor and charge
business fees accordingly. If You do not disagree on the designated public or private dock or warehouse, the Promisor shall follow
the drawee or acceptor's instruction to move the goods to the dock or warehouse.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
The Promisor authorize You, any of your managers or agents, or the holder of the aforesaid bill and/or document to accept conditional
acceptance by the drawee. After repayment is made upon maturity, You can transfer the bill and/or document as attached documents
of the collaterals to the drawee or acceptor. This authorization also applies to acceptance by intervention. If the drawee stops
paying before payment or acceptance is made, or stops paying, declares bankruptcy, or performs liquidation before acceptance is
made, the following provisions shall be followed: </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
The Promisor makes the following authorization: You can (optional) deliver the goods in batches to any party any time before the
bill and/or document is due when it is deemed appropriate by You, the bill and/or document acceptor, or agent. However, when part
or all of the goods is delivered, an equivalent amount appropriately proportionate to the price specified on the invoice or the
amount specified on the bill guaranteed shall be collected. The aforesaid equivalent amount is determined by You.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">6.
The Promisor acknowledges that the export bill negotiation or discounting You perform for the Promisor shall be deemed as payment
of an advance rather than forfaiting and You reserve the right to claim repayment from the Promisor any time. After a documentary
bill and/or document is negotiated or discounted by You, if your discounting bank or correspondent bank refuses to make transactions
or the issuing bank refuses to pay because the bill and/or document or attached documents are inconsistent with the conditions
of the L/C or because of other reasons, or if the goods are rejected by the buyer because of a goods quality or quantity issue
discovered during delivery or other stages or other reasons, the Promisor is willing to assume full responsibilities and shall
repay the amount, interest (calculated based on the foreign currency borrowing rate on the date of negotiation), and other associated
fees of the bill and/or document upon receiving your notice. The Promisor also authorize You as follows: When deeming it necessary,
You or your correspondent bank can request a letter of guarantee from the L/C issuing bank or accepting bank without notifying
the Promisor and the Promisor is willing to assume all responsibilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
The Promisor authorizes You, any of your managers or agents, or the holder of the bill and/or document to, when the acceptor refuses
to perform acceptance upon presentation of the bill and/or document, the drawee refuses to pay upon maturity of the bill and/or
document, or the drawee or acceptor stops paying, declares bankruptcy, or performs liquidation before the maturity date of the
bill and/or document, sell off part or all of the collaterals of the bill and/or document by means deemed appropriate by You or
the bill and/or document holder regardless of whether the bill and/or document has been conditionally or absolutely accepted by
the acceptor, and can use the sales income less the business fee and commission to pay the bill and remittance fee. In case of
a positive balance, You or the holder can use the balance to repay the Promisor's other bills (guaranteed or not), its efficiency
to You, or other debts that must be paid by the Promisor to You. In case that the insured goods cease to exist, the Promisor authorizes
You to obtain repayment according to the insurance policy and deduct the business fee, and to dispose the positive balance by the
aforesaid means for obtaining repayment by selling off goods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">8.
If the drawee of the bill and/or document applies to You or your agent bank on the due date for a payment delay and You or your
agent bank deems this application reasonable, You can approve the application without notifying the Promisor and the Promisor shall
not raise a dispute.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">9.
If the drawee rejects the bill and/or document or the drawee or accepter refuses to pay due to external intervention, or if the
payment cannot be made against the bill and/or document or the payment cannot be transferred to You due to local laws and regulations
or any other reasons, the Promisor is willing to immediately pay the amount, interest, and all related fees of the bill and/or
document to You upon receiving your notice regardless of whether the bill and/or document is returned. The Promisor is also willing
to add collaterals immediately at your request and shall not raise any dispute.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">10.
If the drawee, L/C issuing bank, L/C accepting bank, or L/C confirming bank of the bill and/or document is unable to repay debts,
declared bankrupt, seized, sequestrated, provisionally injuncted, or auctioned or applies for a bankruptcy declaration or reconciliation,
the Promisor is willing to pay or discount the amount, interest, and all related fees of the bill and/or document </FONT>to You
upon receiving Your notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">11.
In case that the net goods sales income is insufficient to cover the amount (including the loss caused by the exchange rate) specified
in the aforesaid bill and/or document, the Promisor hereby authorize You, any of your managers or agents, or the holder of the
bill and/or document to request repayment for the deficiency from the Promisor, which does not affect the right to claim the deficiency
from other endorsers. All the bills You or the holder of the bill and/or document issue are proofs of losses of the goods sold
off. The Promisor shall pay in full immediately upon presentation of the bill and/or document.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">12.
Regardless of whether goods are sold off, the Promisor hereby authorizes You, any of your managers or agents, or holder of the
bill and/or document to accept the request for payment by the drawee or acceptor before the maturity of the bill and/or document
and transfer the bill of lading and other shipping documents after the payment to the drawee or acceptor. In case that You or the
holder of the bill and/or document allows payment before maturity, an interest calculated based on the conventional interest rate
at the place of payment shall be deducted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">13.
In case that the Promisor fails to repay an advance, loan, or fee as agreed, it shall pay a delay interest and breach penalty calculated
as per the related provisions herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">14.
If the shipping documents for the bill and/or document shall be transferred after acceptance, the Promisor authorizes You to transfer
the shipping documents to which the bill and/or document is attached as a collateral to the accepter after the acceptor accepts
the bill and/or document. In such case, if the acceptor refuses to pay at all or in full upon maturity of the bill and/or document,
the Promisor shall assume the responsibilities for the result caused thereby. The Promisor shall pay in full to You the overdue
payment under the bill and/or document as well as the bill and/or document and business fee incurred thereby, and guarantee that
no loss will be caused thereby to You.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">15.
If the drawee of the bill and/or document refuses to accept or pay the bill and/or document or the collaterals have arrived at
the port of destination before the maturity of the bill and/or document, the Promisor authorizes You to or your correspondent bank
to take any goods maintenance measures, such as cargo unloading, customs clearance, warehousing, and insurance coverage, deemed
by You or your correspondent bank necessary regarding the collaterals of the bill and/or document. The Promisor shall be liable
for all the fees incurred during the aforesaid measures, faults made by personnel during cargo unloading, customs clearance, warehousing,
or insurance coverage, or any losses caused by wars, natural disasters, or other force majeure factors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">16.
The Promisor authorizes You or your correspondent bank to deliver documentary bills and/or attached documents by any means deemed
by You or your correspondent bank appropriate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">17.
If a documentary bill and/or attached document is damaged or destroyed or is deemed damaged or destroyed during delivery, or arrives
at the destination with a delay due to a delivery mistake or other accidents, the Promisor is willing to present the related bill
and/or document again to You without any legal procedure according to your records upon receiving your notice, or to immediately
repay the amount of the bill and/or document as well as all related fees upon receiving your instruction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">18.
If the bill and/or document has a defect, the Promisor is willing to compensate for your loss caused thereby. You are not obliged
to verify the Promisor's seal or handwriting on the bill and/or document or any other documents. If the seal or handwriting is
fake, altered, or used without authorization, the Promisor shall be held liable and compensate for your loss caused thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">19.
If a necessary item for the bill and/or document is missing which voids the creditor's right related to the bill and/or document,
or if the creditor's right related to the bill and/or document is revoked because the time limit is exceeded or necessary procedures
are not completed, the Promisor shall still repay You the amount on the bill and/or document, the interests incurred before and
after the maturity of the bill and/or document, as well as all related fees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">20.
You shall not be held liable to the Promisor for the consequences of the breaches by the intermediary or auction house You hire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white"><U>Issuance
of foreign L/C</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
If the Promisor provides a deposit equal to the percentage of the amount under a foreign L/C that You approve to entrust You to
issue the L/C, make an advance in a foreign currency (hereinafter referred to as the advance), or make acceptance, or to apply
to You for import collection delivery guarantee/duplicate bill of lading endorsement or a loan, this credit limit, credit use period,
use mode, and L/C issuance fee specified in the<I> Crediting Conditions Notice and Letter of Confirmation </I>signed between You
and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
For an L/C issued within the credit use period, the Promisor still entrusts You to make acceptance or payment against the documentary
bill and/or document although the maturity date of the bill and/or document is later than the end of the aforesaid period, and
the Promisor is willing to assume the repayment responsibility as stipulated herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
When the Promisor applies to You for issuance of foreign L/Cs, it shall fill out an <I>Application for Documentary Credit</I> for
each L/C and provide the documents You require. The Promisor agrees that the balance of this credit shall be decided according
to the amount specified in the Promisor's <I>Application for Documentary Credit </I>or the amount specified in your related ticket
and account book.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
The Promisor acknowledges that the difference between the amount specified in an <I>Application for Documentary Credit</I> and
the exchange amount settled equal to the advance You make, and agrees to use the <I>Application for Documentary Credit</I> or your
related document as a certificate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
When applying for a foreign L/C at sight, the Promisor shall repay each advance as well as interests and related fees within 5
days after being notified by You of arrival of the shipping documents under the L/C. However, the repayment period shall be changed
in any of the following situations:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(1)
When goods have arrived but the shipping documents have not and the Promisor needs to request a delivery guarantee or duplicate
bill of lading endorsement, the Promisor shall immediately repay the goods payment as well as an interest for 7 days.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(2)
For partial shipment, the Promisor shall repay part of the goods payment to You according to the percentage of the amount specified
in the shipping document of the goods that have been shipped in the total amount specified in the L/C.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">6.
The period of an advance or acceptance under an L/C cannot exceed the number days that You approve, and the due date of a bill
and/or document for a liability or the due date You specify for the liability shall be the repayment date of the liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
If an advance or loan under this credit is repaid within the period specified in the previous provision, an interest shall be calculated
based on your interest rate from the date when You make the advance or loan (for an L/C with debit terms, it is the debit date
of deposits with You; for an L/C without debit terms, it is the date when You perform accounting and send a payment telegram) to
the repayment date specified in the previous provision. You can also adjust the interest rate any time based on the credit interest
rate for foreign exchange business specified by the Foreign Exchange Trading Center or your foreign exchange borrowing cost mark-up
rate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">8.
The Promisor shall repay the principal and interest of each advance or loan in a foreign currency by its due date using NTD based
on the exchange rate You specify on the date of repayment or based on the exchange rate specified in a forward exchange contract
signed otherwise between You and the Promisor or using the foreign currency. If the Promisor fails to make the repayment by maturity
and the exchange rate of the borrowed foreign currency has changed, the Promisor shall assume the exchange rate risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">If
the Promisor fails to make the repayment within the agreed period and using the agreed means, You can covert the principal, interest,
and related fees into NTD based on your selling exchange rate for the date of conversion, and the Promisor shall not raise a dispute
over the aforesaid conversion date, exchange rate, and amount. However, You are not obliged to make the conversion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">9.
The Promisor shall provide a <I>Drawdown Application Notice</I> to apply for a short-term loan in NTD and entrust You to use the
short-term loan to repay each advance You make to pay the bill and/or document for an L/C under this credit. This Agreement shall
be used as a certificate of the short-term loan and no other certificate shall be created. In addition, the Promisor is willing
to comply with the following provisions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(1)
The loan period and loan interest rate specified in the <I>Crediting Conditions Notice and Letter of Confirmation</I> signed between
You and the Promisor shall prevail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(2)
The loan shall be made although the loan date is later than the credit use period and/or the L/C validity period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">(3)
If the Promisor fails to honor this duty by the due date, it agrees that You can convert the loan to be repaid into another currency
based on an exchange rate You specify on the due date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">10.
After You deem that the bill and attached documents under an L/C You issue for the Promisor at its request seemingly comply with
the terms of the L/C and make acceptance or payment against them, the Promisor is willing to repay You as scheduled. You shall
not be held liable despite that the aforesaid bill and attached documents are proved afterwards to have been counterfeited or altered
or include defects (including inconsistency with documents in terms of goods quality or quantity) and the Promisor shall never
refuse to make repayment for any reason.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">11.
If the Promisor fails to complete the customs clearance procedure and take delivery of goods immediately after receiving the shipping
documents under an L/C opened as per this Agreement and a loss is caused thereby to You, You can deem all your advances and loans
made to the Promisor due after a reasonable notification or reminding period and seek repayment of an NTD amount calculated from
the due date. Alternatively, You can make customs clearance and take delivery of the goods to preserve your creditor's right and
auction or freely dispose (including the disposal means, price, and time) the imported goods to repay all the Promisor's liabilities
to You and all the costs and losses (including the taxes and transportation fees for making customs clearance and taking delivery
of the goods) for the disposal. The Promisor shall still be liable for repaying the deficiency. (This item is an individually negotiated
term.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">12.
If the goods, specifications, unit prices, total amount, and delivery conditions specified on an import collection delivery guarantee
or duplicate bill of lading endorsement You issue at the Promisor's request under an L/C or import collection are inconsistent
with those specified on the shipping documents received afterwards, the Promisor is willing to complete balance payment, bill acceptance,
payment, and other procedures according to the conditions specified in the shipping documents You receive. If the content of the
documents You sign are inconsistent with that of the documents received and a loss is caused thereby to You, the Promisor is willing
to assume all compensation responsibilities. The content of the affidavite of the delivery guarantee or duplicate bill of lading
endorsement is deemed as an attachment hereof and the Promisor is willing to comply with the content.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">13.
The Promisor is willing to provide the shipping documents and purchased goods specified in the L/Cs for this credit as well as
other collaterals as liability guarantees for the advances and loans under the L/Cs, and use this Agreement as a proof of guarantee
provision. The Promisor agrees that You have the pledge of rights regarding all the delivery certificates (such as import licenses
and related delivery documents) of the goods from the date when You issue an L/C through the time when purchased goods arrive and
have the pledge of movables regarding the goods from the time when the goods arrive.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">14.
The Promisor is willing to obtain Your consent on the insurance types and conditions for the goods under each L/C at your request.
If goods shall be insured by the buyer, such as the goods imported under the FOB, FAS, or C&amp;F term, insurance policies that
have sufficiency coverage shall be purchased with You being the priority beneficiary and the original copies of the insurance policies
and the duplicate copies of the premium receipts shall be transferred to You. When deeming it necessary, You can require the Promisor
to purchase additional insurance policies and the Promisor shall be liable to pay all the insurance costs. If the Promisor fails
to purchase or renew insurance policies, You have the right to purchase or renew them on behalf of the Promisor but are not obliged
to do so. If You pay the insurance premium, the Promisor is willing to repay You immediately. If the Promisor repays You with a
delay, the Promisor is willing to pay a delay interest and breach penalty as stipulated herein. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">15.
If the notice of arrival of shipping documents under an L/C does not specify document defects but the Promisor claims that the
documents have defects and entrusts You to argue with the foreign negotiating bank, You shall not be held liable in case that the
argument fails and the Promisor is still willing to repay the principal, interest, and all costs of the advance or loan as per
this Agreement. The Promisor shall also compensate for damages to your rights and interests if any.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">16.
You shall not be held liable in case that an L/C under this credit is transferred incorrectly or with a delay or has a term interpretation
error, part or all of a bill, the goods specified in the bill, or the goods quantity, quality, or value cease to exist, are delivered
with a delay, or fail to reach the place of delivery, or the goods are lost or damaged during or after transportation due to a
lack of insurance or insufficient insurance, retention or withholding by any third party, or other reasons. The Promisor shall
still repay the amount of the L/C in full in any of the aforesaid circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">17.
For the goods under an L/C, the Promisor shall be held liable in cases that the L/C beneficiary or seller fails to perform the
contract or delays delivery, the goods have defects, a loss is caused by force majeure, or the insurance company refuses to settle
claims or the settlement is insufficient or delayed. If the L/C is not paid within 3 weeks after maturity, You can cancel it at
your discretion and use the returned remittance amount to repay the advances and loans made as per this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">18.
The related provisions herein are applicable to the L/Cs that You issue at the Promisor's request for triangular trade.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><U>General
credit limit</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">1.
The general credit limit refers to the maximum limit of each credit that You grant to the Promisor for agreed purposes. Within
the general credit limit, You can specify an individual credit limit for a specific purpose and an individual credit limit for
a specific purpose specified in the related parts hereof is the maximum credit limit for that purpose. The sum of all individual
credit limits can be greater than the general credit limit. The sum of a credit amount to be used and the balance of principal
of a credit amount that has been used cannot be greater than the general credit limit, even though the individual credit limits
are not exceeded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">2.
The Promisor can use credits within the general and individual credit limits in a revolving manner. If currency conversion is involved
when a credit is used, the related credit limit is calculated based on your exchange rate for the credit use time. If a credit
amount exceeds an individual credit limit or the general credit limit due to exchange rate fluctuation or other reasons, the Promisor
shall also be liable for repaying the excess.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
This credit limit, the revolving period, and other conditions specified in the <I>Crediting Conditions Notice and Letter of Confirmation</I>
signed between You and the Promisor shall prevail, unless otherwise stipulated in other crediting agreements or documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">4.
This credit is available within the revolving period and the Promisor shall be liable for repayment as per this Agreement even
though the date of repayment is later than the revolving period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">5.
The Promisor can use this credit only after it submits a use application and related documents acceptable to You and You approve
the application. The credit use periods specified in the applications shall prevail. All the applications and documents are deemed
as part of this Agreement and have the same legal effect as this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">6.
A loan granted under this credit is deemed received by the Promisor when You credit it to the Promisor's account opened with You
or credit it to the Promisor for a specified purpose.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">7.
The Promisor shall repay the principal and interest of each advance or loan in a foreign currency by its due date using NTD based
on the exchange rate You specify on the date of repayment or based on the exchange rate specified in a forward exchange contract
signed otherwise between You and the Promisor or using the foreign currency. If the Promisor fails to make the repayment by maturity
and the exchange rate of the borrowed foreign currency has changed, the Promisor shall assume the exchange rate risk and You can
convert the principal, interest, and related fees into NTD based on your selling exchange rate for the date of conversion. The
Promisor shall not raise a dispute over the aforesaid conversion date, exchange rate, and amount. However, You are not obliged
to make the conversion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">8.
The Promisor agrees that the balance of this credit shall be decided according to the loan amounts specified in the Promisor's
<I>Drawdown Application Notice</I>, <I>Application for Documentary Credit</I>, and <I>Bill of Exchange</I> or your related tickets
and account books.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">III.
Other special terms</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">1.
The Promisor entrusts and authorizes you to automatically transfer amounts from the <U>Promisor's </U></FONT><U>demand <FONT STYLE="background-color: white">deposit
account</FONT></U> numbered <U>xxxx-xxx-xxxxxx</U> and <U>foreign currency deposit account </U>numbered <U>xxxx-xxx-xxxxxx</U>
without the Promisor's deposit book and withdrawal slip or the Promisor's check using an automated device or a payment document
signed by any of your authorized persons to repay related debts and fees under this Agreement (including principals, interests,
breach penalties, business fees, credit use fees, credit guarantee fund business fees, insurance premiums, and costs for exercising
related creditor's rights). The debts and fees shall be repaid by the means that You specify. Before all the debts are repaid,
the Promisor shall not terminate, revoke, or limit crediting or clear the aforesaid deposit accounts without your consent. This
Agreement shall be used as a proof of crediting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">2.
The Promisor agrees that the amounts credited to its dedicated repayment accounts open with You (that is, the <U>demand deposit
account </U>numbered <U>xxxx-xxx-xxxxxx</U> and <U>foreign currency deposit account</U> numbered <U>xxxx-xxx-xxxxxx</U> shall
be use to guarantee all the Promisor's liabilities to You and cannot be used without your consent. You can use the registered
seal to transfer amounts from the accounts to repay all the Promisor's liabilities to You and You can decide the repayment amounts,
sequence, dates, and means. In addition, You can credit amounts to the <U>Promisor's demand deposit account </U>numbered<U> xxxx-xxx-xxxxxx
</U>and <U>foreign currency deposit account numbered xxxx-xxx-xxxxxx </U>opened with You. However, You shall not be obliged to
do so for the Promisor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">3.
The Promisor agrees to apply to You for making overdrafts from the check account numbered ______, and handle the balance according
to the overdraft (guarantee) provisions in section II &quot;Special crediting terms&quot; hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white"><FONT STYLE="background-color: white">4.
Other agreements:</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"></P>

<!-- Field: Page; Sequence: 2; Value: 1 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">IV.
Individually negotiated terms</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Promisor hereby declares that it has read all the previous terms within a reasonable period, fully understands the content of items 6, 7, and 8 of paragraph 1 and item 5 of paragraph 2 of article 5 and articles 6 and 16 in section I &quot;Common terms&quot;, article 6 in &quot;Domestic advances&quot;, article 6 in &quot;Counter indemnity&quot;, article 5 in &quot;Bill acceptance (guarantee)&quot;, and article 11 in &quot;Issuance of foreign L/C&quot; in section II &quot;Special crediting terms&quot; through negotiation between the two parties, and agrees on and stamp these terms.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT>Borrower:
        <U>Applied Optoelectronics, Inc. (AOI) Taiwan Branch</U> (Registered Stamp)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">Joint
        Guarantor: __________________________________(Registered Stamp)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">Joint
        Guarantor: __________________________________(Registered Stamp)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">Joint
        Guarantor: __________________________________(Registered Stamp)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">Joint
        Guarantor: __________________________________(Registered Stamp)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Joint
        Guarantor: __________________________________(Registered Stamp)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Regards,
E.SUN Bank</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">The
Promisor declares that it has read the previous terms within a reasonable period, fully understands them, and agrees to sign this
Agreement. The signatures and stamps are as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 81%; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrower: Applied Optoelectronics, Inc. (AOI) Taiwan Branch <FONT STYLE="background-color: white">(</FONT>Signature and Stamp)</FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verifier</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">No.<FONT STYLE="background-color: white">:
        28410552</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Responsible
        Person: </FONT>Chih-Hsiang Lin</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Representative:
        Shu-Hua Yeh</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Date:
        April 8<SUP>th</SUP>, 105 of ROC</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Signature:
        /s/ Li Rueitang</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Place:
        No. 18 gong 4th Road, New Taipei City</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verifier</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Joint
        guarantor: (Signature and Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">No.:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date:
        (year) (month) (day) of ROC</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Signature:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Place:</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verifier</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Joint
        guarantor: (Signature and Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">No.:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date:
        (year) (month) (day) of ROC</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Signature:</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Place:</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verifier</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Joint
        guarantor: (Signature and Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">No.:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date:
        (year) (month) (day) of ROC</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Signature:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Place:</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verifier</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Joint
        guarantor: (Signature and Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">No.:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date:
        (year) (month) (day) of ROC</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Signature:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Place:</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verifier</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Joint
        guarantor: (Signature and Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">No.:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date:
        (year) (month) (day) of ROC</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Signature:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">Place:</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Credited
Account Number:<U>8176</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white">Stamp
Checked By_____ Handled By_____</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"><FONT STYLE="background-color: white">Stamp
Registration Agreement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamps
for transactions between the Promisor and You, including </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#120;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one
stamp</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__
stamps, effective with </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#120;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one
stamp </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__
stamps</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp Checked By</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD ROWSPAN="5" STYLE="width: 4%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registered Stamp</FONT></TD>
    <TD ROWSPAN="5" STYLE="vertical-align: top; width: 85%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deregistered On/By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamps for transactions between the Promisor and You, including </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps, effective with </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp Checked By</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD ROWSPAN="5" STYLE="width: 4%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registered Stamp</FONT></TD>
    <TD ROWSPAN="5" STYLE="vertical-align: top; width: 85%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deregistered On/By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamps for transactions between the Promisor and You, including </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps, effective with </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp Checked By</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD ROWSPAN="5" STYLE="width: 4%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registered Stamp</FONT></TD>
    <TD ROWSPAN="5" STYLE="vertical-align: top; width: 85%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deregistered On/By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamps for transactions between the Promisor and You, including </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps, effective with </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp Checked By</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD ROWSPAN="5" STYLE="width: 4%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registered Stamp</FONT></TD>
    <TD ROWSPAN="5" STYLE="vertical-align: top; width: 85%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deregistered On/By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamps for transactions between the Promisor and You, including </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps, effective with </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp Checked By</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD ROWSPAN="5" STYLE="width: 4%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registered Stamp</FONT></TD>
    <TD ROWSPAN="5" STYLE="vertical-align: top; width: 85%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deregistered On/By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamps for transactions between the Promisor and You, including </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps, effective with </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">one stamp </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">__</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> stamps</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp Checked By</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD ROWSPAN="5" STYLE="width: 4%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registered Stamp</FONT></TD>
    <TD ROWSPAN="5" STYLE="vertical-align: top; width: 85%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deregistered On/By</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>appliedopto_8k-ex1002.htm
<DESCRIPTION>TRANSLATION OF THE PROMISSORY NOTE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 100%; border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1pt solid; border-left: Black 1.5pt solid; text-align: center; font-size: 12pt; font-weight: bold; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Promissory Note</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: left">Unconditional payment shall be made against
        this promissory note on &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(year)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (month)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (day) of ROC.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: left"><B>E.SUN BANK or its designated person</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: left"><B>NTD 90,000,000 only</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 30pt; text-align: left; text-indent: -24pt">1.&#9;The interest
        is calculated based on _______ interest rate ______ annual interest __________% (at present it is ______% of annual interest) in
        &#9633;fixed or &#9633;floating mode since the issuing date of this note and is paid by month. If the floating mode is selected,
        the drawer agrees to adjust the abovementioned interest based on the adjustment of _______interest rate regulated above. In case
        of any delay in paying the interest or failure to perform obligations when due, a penalty shall be charged as follows: 10% of the
        agreed interest rate for the delay or failure that lasts for less than six months, as from the due date; 20% of the agreed interest
        rate for the delay or failure that exceeds six months.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 30pt; text-align: left; text-indent: -24pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 30pt; text-align: left; text-indent: -24pt">2.&#9;The promissory
        note is protest waived and bears no notification obligation specified in Article 89 of the Negotiable Instruments Law.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30pt; text-align: left; text-indent: -24pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30pt; text-align: left; text-indent: -24pt">3.&#9;Place
        of payment: No. 336, Siyuan Road, Xinzhuang District, New Taipei City</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 341.85pt; text-align: left; text-indent: -240.85pt">Drawer:
        Applied Optoelectronics, Inc. (AOI) Taiwan Branch</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Responsible Person:
        Chih-Hsiang Lin</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address: No. 18 Gong
        4<SUP>th</SUP> Road, Linkou District, New Taipei City</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Drawer:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered
        Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Drawer:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered
        Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Drawer:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered
        Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 5pt; text-align: center; text-indent: 1.7pt">April 8<SUP>th</SUP>,
        105 of ROC</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credited
Account Number: </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.9pt 0pt 0; text-align: left">Approval Number:<U> H155422083</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Handled By &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp Verified By</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 50%">L577 2005.01 </TD>
    <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -10pt; width: 50%">(For benchmark or time deposit interest rate)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 44.05pt"><B>Letter of Authorization</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28pt">All the drawers of this
Letter of Authorization sign and provide you with a promissory note valued at NTD 90,000,000 only on April 8<SUP>th</SUP>, 105
of ROC as a liability guarantee. As required by the actual situation, you or your agent or employee is hereby authorized to fill
out the promissory note with the due date, interest rate, place of payment, and any other information required for effectively
performing the rights regarding the promissory note. The drawers shall not revoke or limit this authorization without your written
consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regards,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 14.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>E.SUN BANK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer: Applied Optoelectronics,
Inc. (AOI) Taiwan Branch</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 324.15pt; text-align: right; text-indent: 7pt">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Responsible Person:
Chih-Hsiang Lin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">April 8<SUP>th</SUP>, 105 of ROC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Credited Account Number:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.9pt 0pt 0; text-align: left">Approval Number:<U> H155422083
</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Handled
By &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp
Verified By</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 50%">L577 2005.01 </TD>
    <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -10pt; width: 50%">(For benchmark or time deposit interest rate)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1pt solid; border-left: Black 1.5pt solid; text-align: center; font-size: 12pt; font-weight: bold; padding-top: 5pt; padding-bottom: 5pt; width: 100%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Promissory Note</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1.5pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: left">Unconditional payment shall be made against
        this promissory note on (year) (month) (day) of ROC.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: left"><B>E.SUN BANK or its designated person</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: left"><B>NTD 120,000,000 only</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 30pt; text-align: left; text-indent: -24pt">1.&#9;The interest
        shall be &#9633; fixed interest <FONT STYLE="background-color: #D9D9D9">V</FONT> calculated dynamically (current annual interest
        rate 1.7%) based on your &#9633; benchmark interest rate &#9633; monthly benchmark interest rate <FONT STYLE="background-color: #D9D9D9">V</FONT>
        personal monthly time deposit interest rate index plus the 0.48% annual interest rate, and be paid monthly. If the interest is
        calculated dynamically, the aforesaid interest rate can be adjusted according to changes in your &#9633; benchmark interest rate
        &#9633; monthly benchmark interest rate <FONT STYLE="background-color: #D9D9D9">V</FONT> personal monthly time deposit interest
        rate index. In case of an overdue interest payment or liability, additional interests calculated based on 10% of the agreed interest
        rate shall be charged within 6 months after the due date while additional interests calculated based on 20% of the agreed interest
        rate shall be charged after the 6 months as breach penalties.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 30pt; text-align: left; text-indent: -24pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 30pt; text-align: left; text-indent: -24pt">2.&#9;The promissory
        note is protest waived and bears no notification obligation specified in Article 89 of the Negotiable Instruments Law.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 30pt; text-align: left; text-indent: -24pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30pt; text-align: left; text-indent: -24pt">3.&#9;Place
        of payment: No. 336, Siyuan Road, Xinzhuang District, New Taipei City</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 341.85pt; text-align: left; text-indent: -240.85pt">Drawer:
        Applied Optoelectronics, Inc. (AOI) Taiwan Branch</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 341.85pt; text-align: left; text-indent: -240.85pt">Responsible Person:
        Chih-Hsiang Lin</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address: No. 18 Gong
        4<SUP>th</SUP> Road, Linkou District, New Taipei City</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Drawer:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered
        Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Drawer:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered
        Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Drawer:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt; text-align: right">(Registered
        Stamp)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 100.95pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 5pt; text-align: center; text-indent: 1.7pt">April 8<SUP>th</SUP>,
        105 of ROC</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credited
Account Number: </FONT>&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.9pt 0pt 0; text-align: left">Approval Number:<U> H155422081</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Handled By &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp Verified By</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 50%">L577 2009.01 </TD>
    <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -10pt; width: 50%">(For benchmark or time deposit interest rate)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 44.05pt"><B>Letter of Authorization</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28pt">All the drawers of this
Letter of Authorization sign and provide you with a promissory note valued at NTD 120,000,000 only on April 8<SUP>th</SUP>, 105
of ROC as a liability guarantee. As required by the actual situation, you or your agent or employee is hereby authorized to fill
out the promissory note with the due date, interest rate, place of payment, and any other information required for effectively
performing the rights regarding the promissory note. The drawers shall not revoke or limit this authorization without your written
consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regards,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 14.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>E.SUN BANK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer: Applied Optoelectronics,
Inc. (AOI) Taiwan Branch</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 324.15pt; text-align: right; text-indent: 7pt">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Responsible Person:
Chih-Hsiang Lin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Drawer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">(Registered
Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">April 8<SUP>th</SUP> ,105 of ROC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Credited Account Number:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.9pt 0pt 0; text-align: left">Approval Number:<U> H155422081</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Handled By &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stamp Verified By</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 50%">L577 2009.01 </TD>
    <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -10pt; width: 50%">(For benchmark or time deposit interest rate)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>appliedopto_8k-ex1003.htm
<DESCRIPTION>TRANSLATION OFLOAN APPROVAL NOTICE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>E.SUN BANK </B>Crediting Conditions Notice and Letter of Confirmation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notice No.: 165300997701</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I. The following credit limits are granted
according to your crediting application :</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Categories and conditions about general
credit limit:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 7%; border: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No.</FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Category</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Sub-category</P></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amount</FONT></TD>
    <TD STYLE="width: 54%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Use Period/First Time of Use/Use Mode/</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Interest Rate/Repayment Mode</P></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 2pt; text-align: center">General credit limit</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 2pt; text-align: center">Applied to items 1 and 2</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NTD</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">90,000,000 only</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Use period: 105/02/03 - 106/02/03</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">First time of use: 105/06/03 or earlier</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Use mode: revolving</P></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT>&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Import financing (O/A)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Use period: 180 days</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">USD</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">1,500,000 only</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Interest rate: It is LIBOR plus the 1.700%
        annual interest rate and the interest is calculated from the borrowing date, unless otherwise stipulated in a credit use application.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Repayment mode: The interest is paid monthly
        and the principle is repaid upon maturity.</P></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT>&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Export financing (O/A)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Use period: 120 days</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">USD</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">2,000,000 only</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Interest rate: It is LIBOR plus the 1.700%
        annual interest rate and the interest is calculated from the borrowing date, unless otherwise stipulated in a credit use application.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt; text-align: justify">Repayment mode: The interest is paid monthly
        and the principle is repaid upon maturity.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Categories and conditions about ordinary
credit limit:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 7%; border: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No.</FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Category</FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amount</FONT></TD>
    <TD STYLE="width: 54%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Use Period/First Time of Use/</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Interest Rate/Repayment Mode</P></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(II)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Short-term loan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Use mode: revolving</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Use period: 6 months</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NTD</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">120,000,000 only</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Use period: 105/02/03 - 106/02/03</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">First time of use: 105/06/03 or earlier</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest rate: It is the personal monthly
        time deposit interest rate index plus 0.480% of the annual interest rate. That is, the interest is calculated based on the 1.700%
        floating interest rate from the borrowing date, unless otherwise stipulated in a credit use application.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Repayment mode: The interest is paid monthly
        and the principle is repaid upon maturity.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1pt solid; text-align: justify; font-size: 10pt">&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint guarantor: </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 29%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; font-size: 10pt">&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit Category No.</FONT></TD>
    <TD STYLE="width: 71%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint guarantor:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 100%; border: Black 1pt solid; text-align: justify; font-size: 10pt">&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other conditions:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;(I) General credit limit shared by items
        1 and 2:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(1) From the month following
        the first time of use, it is checked every three months whether the total of the amount received through remittance and amount
        credited with notes in the three months exceeds NTD 150,000,000. If no, the credit limit is reduced to NTD 60,000,000 from the
        10th day of the month of verification. The outstanding debt exceeding the new credit limit shall be repaid within 5 days. If this
        requirement is met in the next month of verification, the original credit limit is restored from the 10th day of that month. If
        the requirement is not met in two consecutive verification months, the credit limit can no longer be used and the outstanding debt
        shall be repaid within 5 days.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(2) 20% of the credit balance
        is used as a pledge of deposit.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(3) Import financing (O/A):
        An invoice must be provided when the credit limit is used and a loan equal to the total value of invoice is made. The loan in USD
        can be replaced by a loan in NTD. The interest is calculated dynamically based on the personal monthly time deposit interest rate
        index of the bank (1.220% currently) plus the annual interest rate 1.080% or higher. Each loan can be used for up to 180 days.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(4) Export financing (O/A):
        An invoice and a customs declaration form must be provided when the credit limit is used and a loan equal to 80% of the total value
        of the invoice is made. Each loan can be used for up to 120 days. A loan is available only when the buyer is Applied Optoelectronics
        Inc., Global Technology Inc., ZT Group, or Quanta Computer Incorporated. The sales income shall be credited to our dedicated repayment
        account and used to repay the outstanding debt for export financing (O/A). The positive balance will be refunded to the customer.
        If the customer fails to credit the account as stipulated, it can no longer use the credit limit and shall repay the outstanding
        debt within 5 days.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(5) If the buyer is the associated
        enterprise Applied Optoelectronics Inc., the loan balance for export financing (O/A) shall not exceed USD 1,500,000.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(6) When a loan for import
        or export financing (O/A) is used, a 0.3% business fee is charged.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(7) The total forex credit
        balance shall not exceed USD 2,600,000.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(8) The interest is calculated
        based on the USD interest rate (LIBOR + 1.700%)/0.946 or a higher interest rate. The interest rate shall not be lower than TAIFX3/0.946
        for the same period.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;(2) Short-term loan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">(1) The associated enterprise
        Applied Optoelectronics Inc. shall provide a certificate of foreign currency time deposit that we issue as a pledge of deposit
        with us. The deposit shall be 100% of the credit balance or RMB 24,680,000.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Blank below</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -28.35pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">II. Other precautions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -28.35pt">(1) You
shall provide meeting minutes proving your board's agreement on the aforesaid credit limits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -28.35pt">(2) This
<I>Crediting Conditions Notice and Letter of Confirmation</I> is part of the <I>General Crediting Agreement</I> signed between
E.Sun Bank and Applied Optoelectronics, Inc. Taiwan Branch. The matters not specified herein shall be handled according to related
credit use applications.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">III. Service personal and hotline numbers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 25%; border: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">RM: Huang Youzong</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ARM: Li Rueitang</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Crediting management team: Lin Peiyi</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Forex team: Jhang Yadi</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">02-29971313 #216</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">02-29971313 #212</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">02-29971313 #203</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">02-29971313 #239</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><BR>
Regards,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Applied Optoelectronics, Inc. (AOI) Taiwan
Branch</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Xinzhuang Corporate Finance Center of E.SUN
Bank</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -28.35pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Statement of the Company (Borrower):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.1pt; text-align: justify; text-indent: -24.1pt">I. We
acknowledge and agree that the credit limits and conditions you approve do not constitute a promise, and that you may refuse to
offer the aforesaid credit limits and conditions and meanwhile reserve the right to approve or reject our credit use applications
when you cannot obtain quotation because quoting stops or any other issue occurs on the market, when the joint guarantor or a representative
carries out an unusual action, or when a matter, such as the market condition or capital cost, that makes you unable to offer the
aforesaid credit limits and conditions occurs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.1pt; text-align: justify; text-indent: -24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.1pt; text-align: justify; text-indent: -24.1pt">II. After
you notify us of the aforesaid credit limits and conditions, we can use the credit limit only after negotiating with you on the
interest rate, amount, use period, and other conditions and recording them in related credit use applications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.1pt; text-align: justify; text-indent: -24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.1pt; text-align: justify; text-indent: -24.1pt">III. We
acknowledge receiving this <I>Crediting Conditions Notice and Letter of Confirmation</I>, have read it within a reasonable period
and fully understood its content and the aforesaid matters, and are willing to comply with the specifications herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">Regards,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">E.SUN BANK</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">Borrower: Applied Optoelectronics,
Inc. (AOI) Taiwan Branch</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">No.: 28410552</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">Responsible Person: Chih-Hsiang
Lin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">________________________________________
(Registered Stamp)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">April 8<SUP>th</SUP>, 105 of ROC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credited Account Number: 009977</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Stamp<U>: ___________&nbsp;&nbsp;</U>Handled
by:<U> ___________&nbsp;&nbsp;</U>Stamp verified<U> </U>by: ___________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">LN1504 2015.11</P>



<P STYLE="margin: 0">&nbsp;</P>

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