<SEC-DOCUMENT>0001019687-16-006020.txt : 20160428
<SEC-HEADER>0001019687-16-006020.hdr.sgml : 20160428
<ACCEPTANCE-DATETIME>20160428170541
ACCESSION NUMBER:		0001019687-16-006020
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160422
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:		20160428
DATE AS OF CHANGE:		20160428

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:		161600990

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of Report (Date of earliest event reported):
April 22, 2016</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">______________</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: center"><FONT STYLE="font-size: 12pt"><B>Applied
Optoelectronics, Inc.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></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: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>001-36083</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; 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>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>(Commission File Number)</B></FONT></TD>
    <TD>&nbsp;</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-top: 0pt; margin-bottom: 0pt; text-align: center"></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-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(address of principal executive offices
and zip code)</B></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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(281) 295-1800</B></P>

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

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

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<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">&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">&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 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: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On April 22, 2016, the Taiwan branch of
Applied Optoelectronics, Inc. (the &ldquo;Company&rdquo;) entered into a Comprehensive Credit Line Contract and General Agreement
(the &ldquo;Credit Line Agreement&rdquo;) with the Taipei branch of China Construction Bank (the &ldquo;Bank&rdquo;). The Credit
Line Agreement renews a USD$10 million revolving credit line with the Bank, originally dated April 1, 2015. Borrowings under the
Credit Line Agreement will be used for general corporate purposes and material purchases.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company&rsquo;s Taiwan branch may draw
upon the credit line on a revolving basis from April 22, 2016 until March 25, 2017. Borrowings under the Credit Line Agreement
are secured by a standby letter of credit issued by the China branch of the Bank under existing agreements between the Bank and
the Company&rsquo;s China subsidiary, <FONT STYLE="font-family: Times New Roman, Times, Serif">Global Technology Inc</FONT>. Borrowings
under the Credit Line Agreement reduce the amounts available under such standby letter of credit and cannot exceed 97% of the amount
of the standby letter of credit. The term of each draw shall not exceed 180 days, or 15 business days before the expiration of
the underlying standby letter of credit. Depending on the nature of borrowings, interest will be negotiated separately for each
drawing. 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: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing description of the Credit
Line Agreement does not purport to be a complete statement of the parties&rsquo; rights and obligations under the Credit Line Agreement
and is qualified in its entirety by reference to the full text of the Comprehensive Credit Line Contract and General Agreement,
dated April 22, 2016, the Approval Notice of China Construction Bank, Taipei Branch, dated March 29, 2016 and the Promissory Note
between China Construction Bank, Taipei Branch and Applied Optoelectronics, Inc., Taiwan Branch, dated April 22, 2016 are attached
as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 0"><B>Creation of a Direct Financial Obligation or an Obligation
        under an Off-Balance Sheet Arrangement of a Registrant.</B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information contained in Item 1.01 of
this Current Report on Form 8-K with respect to the Credit Line Agreement is incorporated by reference herein and made a part hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">(d) Exhibits</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.1</TD><TD>Translation of Comprehensive Credit Line Contract and General Agreement, dated April 22, 2016, between Applied Optoelectronics,
Inc., Taiwan Branch, and China Construction Bank, Taipei Branch</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.2</TD><TD>Translation of Approval Notice of China Construction Bank, Taipei Branch, dated March 29, 2016</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.3</TD><TD>Translation of the Promissory Note, dated April 22, 2016 between China Construction Bank &ndash; Taipei Branch and Applied
Optoelectronics, Inc., Taiwan Branch</TD></TR></TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 0; text-indent: 0.55in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>Date: April 28, 2016</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>APPLIED OPTOELECTRONICS, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <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></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name</TD>
    <TD><FONT STYLE="font-variant: small-caps">David C. Kuo,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>General Counsel and Secretary</TD></TR>
</TABLE>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>appliedopto_8k-ex1001.htm
<DESCRIPTION>TRANSLATION OF COMPREHENSIVE CREDIT LINE CONTRACT AND GENERAL AGREEMENT
<TEXT>
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<P STYLE="margin: 0">Exhibit 10.1</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td colspan="6" style="border-bottom: Black 3pt double">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; color: Red"></P>
        <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-size: 16pt">China Construction Bank<FONT STYLE="font-family: Times New Roman, Times, Serif">,
        Taipei Branch</FONT></FONT></P>
        <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 16pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 16pt">Comprehensive
        Credit Line Contract and General Agreement</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account Number:</font></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Business Unit: Market Department</font></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit Account Name:</font> <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applied Optoelectronics, INC., Taiwan Branch</font></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unified Business Number:28410552</font></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Case Number:</font></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Approval Number:</font></td></tr>
<tr>
    <TD COLSPAN="6" STYLE="border-right: Black 3pt double; border-bottom: Black 1pt solid; border-left: Black 3pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Credit
line</B>/IOU Amount: </FONT><FONT STYLE="font-family: Wingdings 2; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#111;</FONT></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
NTD </FONT><FONT STYLE="font-family: Wingdings 2; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#110;</FONT></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
USD 10 million only</FONT></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agreement (Loan) Validity: &nbsp;22<sup>nd</sup> April, 2016 to 25<sup>th</sup> March, 2017</font></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-left: Black 3pt double; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account Manager: Lin, Jun Nan</font></td></tr>
<tr>
    <td colspan="6" style="border-right: Black 3pt double; border-bottom: Black 3pt double; border-left: Black 3pt double"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Printed by:</font></td></tr>
<tr>
    <td colspan="6" style="border-bottom: Black 3pt double">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 22%; border-left: Black 3pt double; border-bottom: Black 3pt double; border-right: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</font></td>
    <TD STYLE="width: 7%; border-bottom: Black 3pt double; border-right: Black 1pt solid">&nbsp;</td>
    <TD STYLE="width: 23%; border-bottom: Black 3pt double; border-right: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled by</font></td>
    <TD STYLE="width: 3%; border-bottom: Black 3pt double; border-right: Black 1pt solid">&nbsp;</td>
    <TD STYLE="width: 35%; border-bottom: Black 3pt double; border-right: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seal checked by</font></td>
    <TD STYLE="width: 10%; border-bottom: Black 3pt double; border-right: Black 3pt double">&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>


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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Comprehensive Credit Line Contract and General
Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75pt">The promisor, Applied
Optoelectronics, INC., Taiwan Branch (hereinafter referred to as the &ldquo;Promisor&rdquo;) and China Construction Bank, Taipei
Branch (hereinafter referred to as &quot;You&quot; or &ldquo;Your&rdquo;) agree on the credit granting business and sign this credit
granting agreement and comprehensive credit line agreement (hereinafter referred to as the &ldquo;Agreement&rdquo;). All credit
granting matters between the Promisor and You shall be implemented according to Your loan approval and the following provisions,
provided that the general credit line (the amount marked by the Promisor with a tick in the following rectangles shall prevail
and it is hereinafter referred to as the &ldquo;Credit&rdquo;) is not exceeded:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><FONT STYLE="font-family: Wingdings">&#110;</FONT></B><B><FONT STYLE="font-family: Times New Roman, Times, Serif">Short-Term
Loan Agreement</FONT></B><FONT STYLE="font-family: Wingdings">&#111;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">NTD</FONT><FONT STYLE="font-family: Wingdings">&#110;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">USD
10 million only</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Promisor and the jointly liable guarantor
(hereinafter referred to as the &ldquo;Guarantor&rdquo;) sign this Agreement to agree on Your approval notice and the following
provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Agreement includes a total of one type of credit (ticked if
available) listed below. Within the credit line and period stipulated in this Agreement, the Promisor can apply for:</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">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Working capital loan</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Overdraft</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(V ) Working capital loan for general/material
purchase purposes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Domestic advance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Discount</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Simple financing against notes
receivable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Working capital loan for foreign
trade</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">&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">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">Contract of mandate, bill </FONT>acceptance</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) General guarantee, foreign
currency guarantee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Commercial paper issuance guarantee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Bill acceptance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">&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">3.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Others</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Domestic financing against
letter of credit (L/C)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Financing for goods import
(against foreign sight L/C, foreign usance L/C, foreign transferrable L/C)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Financing against foreign currency
D/A, D/P, or O/A for import</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Documentary bill credit</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Financing against foreign currency
D/A, D/P, or O/A for export</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.6pt; text-indent: -16.8pt">(&nbsp;&nbsp;) Foreign currency bill purchase</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-align: justify"><FONT STYLE="font-family: Wingdings 2"><B><FONT STYLE="font-family: Wingdings">&#111;</FONT></B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">Medium-
and Long-Term Loan Agreement and IOU</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Borrower and the jointly liable guarantor
(hereinafter referred to as the &ldquo;Guarantor&rdquo;) sign this Agreement to borrow a loan from You. The Promisor (Borrower/Guarantor,
hereinafter referred to as the &ldquo;Promisor&rdquo;) agrees on Your approval notice and the following provisions:</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: 15pt; text-align: left"><B>I.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The loan totals NTD ______________ only.</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: 15pt; text-align: left">II.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Borrower shall present IOUs according to the actual progress of the plan to apply
for a on time or installment loan.</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: 15pt; text-align: left">III.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">This loan is effective from <B>______________</B> (DD/MM/YYYY) through <B>______________
</B>(DD/MM/YYYY), and the principal and interest shall be paid as follows:</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: 15pt; text-align: right">(I)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Principle:</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">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Repayment of the first appropriated amount begins on <B>______________</B> (DD/MM/YYYY).
An installment shall be paid every ___ months and a total of ___ installments shall be paid. The remaining amounts appropriated
are repaid in the remaining repayment period. (If the remaining days or months are shorter than one installment paying interval,
they are regarded as one installment paying interval.) The amount to be repaid and the repayment date of each installment depend
on the IOU issued by the Borrower upon appropriation.</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">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Other agreements:</TD>
</TR></TABLE>

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





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in"></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: 15pt; text-align: right">(II)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Loan interest: Repayment of interests begins on <B>______________</B> (DD/MM/YYYY)
and interests are paid every ___ months according to Item ___ in the following:</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">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pay an interest calculated based on a fixed annual interest rate of ___ %.</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: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pay an interest
calculated based on an annual interest rate of ___ %. When Your </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
benchmark interest rate (adjusted by </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> month
</FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> quarter), </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
indexed rate, </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ___ year term deposit variable
interest rate of Chunghwa Post Co., Ltd., </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
medium- and long-term fund use interest rate is adjusted, the interest rate is calculated using the ___ % annual interest rate
plus the new benchmark interest rate/indexed rate/___ year term deposit variable interest rate of Chunghwa Post Co., Ltd.,/medium-
and long-term fund use interest rate that You announce.</FONT></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: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Calculate
the amount of interest in a period of ___ months that begin from the date when the loan is made using </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
an annual interest rate of ___ %, or Your </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
benchmark interest rate (adjusted by </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> month
</FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> quarter), </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
indexed rate, </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ___ year term deposit variable
interest rate of Chunghwa Post Co., Ltd., </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
medium- and long-term fund use interest rate plus an annual interest rate of ___ %; calculate the amount of interest from the
date following a period of ___ months that begin from the date when the loan is made using </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
an annual interest rate of ___ %, or Your current </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
benchmark interest rate (adjusted by </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> month
</FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> quarter), </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
indexed rate, </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ___ year term deposit variable
interest rate of Chunghwa Post Co., Ltd., </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
medium- and long-term fund use interest rate plus an annual interest rate of ___ %; calculate the amount of interest from the
date following a period of ___ months that begin from the date when the loan is made using </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
an annual interest rate of ___ %, or Your current </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
benchmark interest rate (adjusted by </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> month
</FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> quarter), </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
indexed rate, </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ___ year term deposit variable
interest rate of Chunghwa Post Co., Ltd., </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
medium- and long-term fund use interest rate plus an annual interest rate of ___ %. Where the amount of interest is calculated
using variable interest rates, the interest rates are adjusted according to Your benchmark interest rate/indexed rate/___ year
term deposit variable interest rate of Chunghwa Post Co., Ltd/medium- and long-term fund use interest rate, and the adjusted interest
rates are used from the dates of adjustment to calculate the amount of interest.</FONT></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">4.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Other agreements:</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 0 0 20pt; text-align: justify">Loan interest calculation: For short-term loans (one year
or less), the amount of interest is calculated by day. For medium- and long-term loans (more than one year), the amount of interest
is calculated on a monthly basis for full months and calculated on a daily basis for the period less than one complete month. For
the amount of interest calculated on a daily basis, one year consists of 365 days, regardless of whether it is a leap year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&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: 15pt; text-align: left">IV</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Penalty: Where the principal or interest is paid after the due date, an amount of
interest calculated based on the agreed interest rate shall be paid for the overdue period. If the overdue period is six months
or less, a penalty calculated based on 10% of the lending rate will be charged. If the overdue period is more than 6 months, in
addition to the penalty charged for the six months, another penalty calculated based on 20% of the lending rate will be charged
for the period after the six months.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.8pt"><B>&nbsp;</B></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: 15pt; text-align: right"><B>I.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>General Provisions</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: 55pt; text-align: right">Article 1</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">General credit line</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt; text-align: justify">The general credit line granted according to this Agreement
refers to the total amount of the different types of credit that the Promisor can use. The total amount of credit of all types
used by the Promisor shall not exceed the limit specified in this article. The limit of a certain type of credit specified in this
Agreement is the maximum amount of credit of the specific type. The amount of the type of credit used by the Promisor shall not
exceed the limit. If the amount of a specific type of credit or the total amount of credit used by the Promisor exceeds the corresponding
limit due to foreign exchange rate fluctuation or other reasons, the Promisor shall immediately repay the balance. According to
changes in factors such as actual requirements, laws and regulations, credit usage, and business conditions of the Promisor, You
may reject, adjust, or terminate sharing of the credit granted to the Promisor.</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: 55pt; text-align: right">Article 2</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Availability period</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt; text-align: justify">The various types of credit granted
by this Agreement are available from 22<SUP>nd</SUP> April, 2016 to 25<SUP>th</SUP> March, 2017. Where the Promisor complies with
all the agreed conditions, the Promisor may apply to You against the agreed documents by the agreed means in this availability
period for using the credit and may use the credit after obtaining Your approval. Unless otherwise stipulated, the Promisor may
use the credit in a revolving manner within the total and individual limits on the credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt">&nbsp;</P>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt"></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: 55pt; text-align: right">Article 3</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Loan interest calculation</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: 55pt; text-align: right">I.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Interest payment mode: For discount financing and simple financing against notes receivable,
the loan interest is deducted in advance when the loan is made. In other cases, the loan interest is calculated and paid by month.</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: 55pt; text-align: right">II.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Interest calculation methods</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: 75pt; text-align: right">1.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">NTD loan: For short-term loans (one year or less), the amount of interest is calculated
by day. For medium- and long-term loans (more than one year), the amount of interest is calculated on a monthly basis for full
months and calculated on a daily basis for the period less than one complete month. For the amount of interest calculated on a
daily basis, one year consists of 365 days, regardless of whether it is a leap year.</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: 75pt; text-align: right">2.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Loan in a foreign currency: The amount of interest is calculated on a daily basis
following the common practices on calculating the number of interest charging days for the foreign currency.</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: 55pt; text-align: right">Article 4</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Overdue interest and penalty</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt; text-align: justify">When an installment is due or the total amount is due,
the Promisor and Guarantor are willing to repay it immediately. If failing to do so, the Promisor and Guarantor are willing to
pay an overdue interest calculated based on the agreed interest rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt; text-align: justify">Where the principal or interest is paid after the due
date, an amount of interest calculated based on the agreed interest rate shall be paid for the overdue period. Where the overdue
period is six months or less, a penalty calculated based on 10% of the lending rate will be charged. If the overdue period is more
than 6 months, in addition to the penalty charged for the six months, another penalty calculated based on 20% of the lending rate
will be charged for the period after the six months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt">&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: 55pt; text-align: right">Article 5</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For the notes, orders, and L/Cs provided by the Promisor and covered by this Agreement,
where the related payments are collected before the due date of the loan, the Promisor and Guarantor agree that You may offset
the loan using the payments.</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: 55pt; text-align: right">Article 6</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In addition to the provisions in this Agreement, the Promisor and Guarantor are willing
to comply with the other relevant agreements signed with You, as well as the provisions in <I>International Standard Banking Practice</I>,
<I>Uniform Customs and Practice for Documentary Credits, Uniform Rules for Collections</I>,<I> International Standby Practices</I>,
<I>Incoterms, </I>and<I> International Rules for the Interpretation of Trade Terms</I> issued by International Chamber of Commerce,
and agree that the agreements and provisions constitute part of this Agreement and are restricted by the agreements and provisions.
Where the above mentioned laws or regulations are changed, You may follow the new laws and regulations to make changes, adjustment,
or termination according to the actual situation, and the Promisor shall not raise any objection.</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: 55pt; text-align: right">Article 7</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Fees</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 66pt"><B>The Promisor agrees to pay the relevant account management
fee/service fee in the following way:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 66pt"><FONT STYLE="font-family: Wingdings"><B>&#111;</B></FONT>% of the approved loan amount, but not less than NTD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 66pt"><FONT STYLE="font-family: Wingdings">&#111;</FONT>% of the approved loan amount, but not less than NTD, paid at a time when the loan is made or the credit is used for the
first time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 66pt"><B>&nbsp;</B></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: 55pt; text-align: right">Article 8</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Foreign exchange rate risk</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt; text-align: justify">For all liabilities of the Promisor in foreign currencies
that arise due to foreign exchange transactions with You, You may, without prior notice, convert the advances (loans) in foreign
currencies into NTD loans any time and date, where any of the situations specified in Article 13 in &ldquo;I General Provisions&rdquo;
occurs so that You deem that all the liabilities are due immediately. The Promisor shall not raise any objection to the above-mentioned
conversion date and time, exchange rate for the conversion, and interest rates. Nevertheless, You are not obliged to make the conversion.
Where You make the conversion based on the above-mentioned agreement, the Promisor agrees to calculate the amount of interest based
on the benchmark interest rate (adjusted by quarter) that You announce on the date of conversion plus 3% of the annual interest
rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 65.2pt">&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: 55pt; text-align: right">Article 9</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The liability or all liabilities mentioned in this Agreement refer to the liabilities
of the Promisor and Guarantor to You, including but not limited to notes, loans, overdraft, discount, acceptance, advances, guarantees,
contracts of mandate, issued L/Cs, foreign exchange transactions for import and export, and service fees, as well as other liabilities,
liability interest, overdue interest, penalty, damage compensation, and other relevant fees.</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: 55pt; text-align: right">Article 10</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the names, organizations, articles of association, seals, representatives, and
representative authority of the Promisor and Guarantor are changed, or other changes that will affect Your rights and interests
occurs, the Promisor and Guarantor shall notify You of the changes in writing immediately and complete the seal change or deregistration
procedure. The Promisor is willing to take responsibilities for the transactions concluded with You before the above-mentioned
notification or seal change or deregistration procedure is completed, and shall compensate You for any losses caused thereby.</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: 55pt; text-align: right">Article 11</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the addresses of the Promisor and Guarantor change, the Promisor and Guarantor
shall notify You in writing immediately. Otherwise, You may send relevant documents to the addresses specified in this Agreement
or the last addresses notified to You by the Promisor. The documents are deemed served after a normal mailing period.</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: 55pt; text-align: right">Article 12</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Unless otherwise stipulated, interest amounts shall be calculated and paid by month
for all the liabilities of the Promisor to You based on the interest rates specified in the <I>Credit Use Application and IOU
</I>or other relevant documents. Where no interest rate is stipulated, the interest amount for the liability in NTD is calculated
based on the benchmark interest rate (adjusted by quarter) that You announce on the date when the liability arises plus the 3%
annual interest rate, while the interest amount for the liability in a foreign currency is calculated based on six-month LIBOR
announced on the date when the liability arises plus the 5% annual interest rate.</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: 55pt; text-align: right">Article 13</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For all the liabilities of the Promisor to You, You may reduce the credit line or
loan period available to the Promisor or deem that all the liabilities are due, without prior notice where any of Item 1 to Item
5 in the following occurs, or with prior notice before a reasonable period where any of Item 6 to Item 9 in the following occurs.
In this case, all the liabilities of the Promisor to You are deemed to be due immediately and Your obligation to provide funds
to the Promisor is eliminated immediately. The Promisor shall immediately repay all the liabilities to You.</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: 75pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The principal of any liability is not repaid as agreed.</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: 75pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Reconciliation application, bankruptcy announcement application, company restructuring,
transaction rejection by Taiwan Clearing House (TCH), business closure, or liability settlement is carried out according to the
Bankruptcy Law and Debt Liquidation Act.</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: 75pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Promisor and (or) a third party who is obliged to provide a guarantee as agreed
fails to provide the guarantee.</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: 75pt; text-align: right"><B>(4)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The heir of the Promisor announces to abandon inheritance after the Promisor passes
away or is missing.</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: 75pt; text-align: right"><B>(5)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Confiscation of major assets due to a crime is announced.</B></TD>
</TR></TABLE>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B></B></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: 75pt; text-align: right"><B>(6)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The interest of any liability is not repaid as agreed.</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: 75pt; text-align: right"><B>(7)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Collateral (provided by the Promisor or a third party) is seized or lost, the value
of the collateral decreases, or the collateral is insufficient to cover liabilities.</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: 75pt; text-align: right"><B>(8)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Promisor uses the fund corresponding to the Promisor&rsquo;s liability to You
for a purpose not approved by You.</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: 75pt; text-align: right"><B>(9)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>You may not be compensated due to forcible execution, provisional seizure, false
punishment, or other preservation disposal.</B></TD>
</TR></TABLE>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 66pt; text-align: justify">In addition to the preceding nine items, where any
of the following items affects all the liabilities of the Promisor to You and You deem that debt preservation is necessary, You
may, without prior notice or summons, reduce the credit line or loan period granted to the Promisor or deem that all the liabilities
are due at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 66pt">&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: 75pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Dishonest behavior such as providing false statements or materials and hiding facts,
matters incompliant with agreements or promises, or matters leading to bad credit occur during transaction between the Promisor
and You, making You deem that debt preservation is necessary.</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: 75pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Your debts may not be fully repaid due to objective adverse changes in management,
business operation, or financial conditions of the Promisor.</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: 75pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Promisor fails to comply with the provisions in this Agreement or the conditions
for approving the credit, or fails maintain a certain level of business operation or a certain number of orders as agreed upon
agreement signature.</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: 75pt; text-align: right"><B>(4)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Adverse changes occur in the Promisor&rsquo;s business, plan implemented with the
loan, or assets, leading to failures, license revocation, illegal issues, losses, or rejection by TCH of transactions with the
major responsible person.</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: 75pt; text-align: right"><B>(5)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>A promissory note delivered to You by the Promisor for repaying debts cannot be
cashed on the due date.</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: 75pt; text-align: right"><B>(6)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>A credit card of the Borrower is forcibly invalidated.</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: 75pt; text-align: right"><B>(7)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Promisor is announced by a court as a ward or an aided person.</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: 75pt; text-align: right"><B>(8)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Promisor engages in private negotiation according to the Joint Credit Information
Center, and You deem it necessary.</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: 75pt; text-align: right"><B>(9)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The control or affiliation relationships between the Promisor and the Promisor&rsquo;s
major shareholders or associated enterprises change significantly.</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: 75pt; text-align: right"><B>(10)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Other critical issues that affect the debt repaying abilities of the Promisor or
the Promisor&rsquo;s associated enterprises occur.</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: 75pt; text-align: right"><B>(11)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Other matters negotiated between both sides occur.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 71.4pt; text-indent: -51.25pt"></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: 55pt; text-align: right">Article 14</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where any of the above-mentioned matters regarding all the liabilities of the Promisor
to You occurs, You have the right to use various types of fund deposited by the Promisor and Guarantor with You to repay all the
liabilities regardless of the due dates of the liabilities, and offset all the liabilities of the Promisor to You against the
advance repayments.</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: 55pt; text-align: right">Article 15</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the Promisor owes You several debts and the payment of the Promisor is insufficient
to cover all the debts, offsetting is implemented according to Article 321 and Article 322 of the Civil Law.</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 60pt">The  repayment provided by the Promisor shall be used to offset fees, penalties, interests, overdue interests, and principals in sequence. This rule also applies to debt offsetting specified in the previous article.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 60pt">&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: 55pt; text-align: right">Article 16</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to receive Your supervision on the usage of the credit,
audit on financial conditions, and check and monitoring of collateral, and Your inquiry for relevant books, reports (including
comprehensive financial reports of enterprises), documents, and files.</TD>
</TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 60pt"></P>





<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 60pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 60pt">Where You deem it necessary, You may require the Promisor
to submit the above-mentioned credit information or financial reports signed by accountants approved by You, and may require the
accountants to provide their working papers. Where You deem that the financial reports or other documents submitted by the Promisor
contain false information, the false information is deemed agreement violation upon notification by You. However, You are not obliged
to implement supervision, audit, check, monitoring, and inquiry. Where You deem that the Promisor&rsquo;s financial structure should
be improved, You may require the Promisor not to distribute profits in cash and require the Promisor to increase the capital or
take other actions to improve the financial structure. The Promisor shall cooperate.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 60pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 60pt">The Promisor is willing to allow the Joint Credit Information<B>
</B>Center (hereinafter referred to as &ldquo;JCIC&rdquo;) to inspect relevant books, reports, and documents. Where JCIC deems
it necessary, it may require the Promisor to submit the credit information on schedule. The Promisor agrees to require entrusted
accountants who sign the financial reports to send copies of financial report check reports to JCIC. JCIC, however, is not obliged
to check the reports.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 71.4pt">&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: 55pt; text-align: right">Article 17</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the evidence of liabilities of the Promisor and Guarantor to You is lost, diminished,
or destroyed, the Promisor is willing to cooperate with You to re-create the evidence and provide it to You, and fulfill the liabilities
according to Your books, summons, electronic documents, collateralized debt obligation, and transaction document photocopies.</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: 55pt; text-align: right">Article 18</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the holder of a receipt, custody certificate, or the Promisor&rsquo;s seal of
collateral issued by You to the Promisor turns to You to require return or replacement of the collateral or relevant documents,
the holder is deemed as an agent of the Promisor. You shall permit the return or replacement.</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: 55pt; text-align: right">Article 19</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">All important elements and effects of the debt caused by this Agreement and all the
relevant legal behaviors are governed by the laws of Taiwan, and the place where You resides is deemed as the place of performance.
The Promisor agrees that the place where You carry out business operation is deemed as the place of performance for all the liabilities
of the Promisor to You. In case of litigation, both sides agree to adopt the Taipei District Court as the court of first instance.
However, applicability of Article 47 in the Consumer Protection Act or Item 9 of Article 436 in the Civil Procedure Law regarding
the court of jurisdiction for small claims shall not be excluded.</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: 55pt; text-align: right">Article 20</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Promisor and Guarantor agree that You may provide information about transactions
with the Promisor for JCIC, TAIWAN SMEG, Agricultural Credit Guarantee Fund, Financial Information Service Co., Ltd., TCH, Your
headquarters and branches of the headquarters, persons or their designated persons who intend to purchase assets or liabilities
from You or merge with You, persons entrusted by You to handle transactions or persons cooperating with You, financial authorities,
and other organizations designated by financial authorities with whom You should sign business agreements. The above-mentioned
organizations may collect, process (including computer-aided processing), transfer (including international transfer), and use
the materials. Where the above-mentioned information provided by You to JCIC is incorrect, You shall take the initiative to correct
it and restore its original conditions. In case of a change in personal information, the Promisor shall immediately notify You.<BR>
<BR>
</B>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: justify; margin-bottom: 0"><B>The Promisor agrees that, for other legal matters
or other business services implemented by You, You may follow the Personal Data Protection Act and other relevant laws and regulations
to collect, process, use, and transfer globally the personal information of the Promisor, and use the information about the Borrower
and the Borrower&rsquo;s responsible person and information about transactions between the Borrower and credit granting organizations.
Unless otherwise stipulated in this Agreement, You are obliged, according to the Banking Law, to keep the above-mentioned information
and the information obtained for the original or this Agreement confidential.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 71.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: justify"><B>You may collect, process, and use various information
provided by the Promisor and Guarantor for the purposes of implementing other legal matters, providing other services of You (including
and not limited to Your branches), and fulfilling this Agreement.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 71.4pt"><B>&nbsp;</B></P>

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

<B></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 71.4pt"></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: 55pt; text-align: right"><B>&nbsp;</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>When handling the above-mentioned personal information, You shall comply with the
                                                                                       Personal Data Protection Act.</B> <B>&nbsp;</B> <B>The Promisor acknowledges and agrees that, where the loan is not repaid as
                                                                                       agreed, You may report bad credit records to JCIC as required by competent authorities, which may affect the right of the
                                                                                       Promisor to apply for other loans. The above-mentioned bad credit records are available in their disclosure periods at Credit
                                                                                       Education &gt; Disclosure at www.jcic.org.tw.</B></TD>
</TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 71.45pt; text-indent: -51.3pt">&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: 55pt; text-align: right">Article 21</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Promisor and Guarantor agree that, for the purpose of assigning creditor&rsquo;s
rights, You may provide information about the Promisor&rsquo;s liabilities for the assignees and debt-value evaluators, and agree
that You may replace notices with bulletins on assignment of creditor&rsquo;s rights conducted for the purpose of financial asset
securitization or according to laws and regulations.</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: 55pt; text-align: right">Article 22</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>(Business engagement): The Promisor and Guarantor agree that You may engage a third
party (domestic or abroad) to handle part or all of the businesses related to this Agreement and to Your processing of the transactions
between the Promisor and You, including but not limited to the businesses related to transaction amount collection and payment,
administration, computer-aided business processing, information registration, processing, information processing, sales, customer
information import and export, sheet (such as bills) printing, packaging, posting, deposit, payment, credit, and outsourced collection.</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: 55pt; text-align: right">Article 23</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The signatures and seals on this Agreement have been confirmed by the Promisor and
Guarantor. Subsequent transactions between the Promisor and Guarantor and You shall be conducted against either the signatures
or seals, or against either the signatures or seals agreed on (authorized) in the transaction agreement otherwise signed between
You and the Promisor and Guarantor.</TD>
</TR></TABLE>

<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: 15pt; text-align: left"><B>II.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Jointly Liable Guarantor Provisions</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: 55pt; text-align: right">Article 1</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Guarantor is willing to take the joint responsibility to repay all the liabilities
or responsibilities of the Promisor caused by this Agreement, waive the right to plea, and never claim exemption from the responsibility
when applications, IOUs, notes, or other vouchers provided by the Promisor are not signed by the Guarantor. The liabilities guaranteed
by the Guarantor refer to the principal, interest, overdue interest, penalty, service fee, insurance premium, damage compensation,
and other relevant fees that shall be paid by the Promisor to You according to this Agreement. The guarantee responsibility is
effective from the date when this Agreement is signed through the date when the liabilities of the Borrower that arise from this
Agreement are repaid in full.</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: 55pt; text-align: right">Article 2</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Where the principal debtor defaults on the debt, You may require repayment from
the Guarantor before urging the Promisor to repay the debt, obtaining a verdict, or implementing enforcement.</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: 55pt; text-align: right">Article 3</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>You may require the Guarantor to repay the debt before disposing the collateral
for repayment. Where the Guarantor signs multiple credit granting agreements at the same or different times to guarantee repayment
of the liabilities of the principal debtor, the Guarantor understands that the guarantee covers the total amount and scope of
all the agreements.</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: 55pt; text-align: right">Article 4</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Where You deem it necessary according to applications or other specific facts,
You may notify the waiver or change of guarantee responsibilities of one or multiple persons in writing. After You obtain approvals
from other Guarantors, these Guarantors are still responsible for repaying all the debts of the principal debtor.</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: 55pt; text-align: right">Article 5</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Guarantor agrees that, the compensation claiming right (within the limit of
debts inherited from You) and subrogation right obtained by the Guarantor from the principal debtor due to partial compensation
before the guaranteed principal debt is repaid in full have lower priorities than the remaining debts (within the limit of all
or part of the debts guaranteed by the Guarantor) owed by the principal debtor to You.</B></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">Article 6</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Guarantor agrees that You may, with a notice to the Guarantor, offset all the
liabilities of the Guarantor to You using various types of deposit with Your headquarters and Your headquarters&rsquo; branches
as well as all debts that You owe to the Guarantor, regardless of due dates and type mismatch. In addition, all the notes issued
by You to the Guarantor involving in the offsetting will be invalidated. Where offsetting is forbidden by laws and regulations,
by the Guarantor according to agreements, or by negotiorum gestio, or a third party entrusts You to pay the Guarantor based on
a trading relationship, offsetting cannot be implemented. Where the offsetting fails to cover all liabilities or the Guarantor
has repaid the liabilities or repaid the liabilities in installments, the fees, penalties, interests, overdue interests, and principals
owed by the Guarantor shall be offset in sequence according to Article 323 of the Civil Law. Where the Guarantor has multiple
debts and the repayment of the Guarantor is insufficient to cover all the debts, offsetting shall be implemented according to
Article 321 or Article 322 of the Civil Law. However, during internal accounting based on relevant regulations, You shall calculate
the total debt according to the above-mentioned offsetting sequence.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0 70.7pt; text-align: left; text-indent: -49.7pt"></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: 55pt; text-align: right">Article</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">7 <B>Where no period is set for continuous debt guarantees, the Guarantor may notify
You at any time of termination of this Agreement. The Guarantor does not guarantee the debts of the principal debtor that arise
after You receive the notice.</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: 55pt; text-align: right">Article</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">8 <B>The Guarantor shall not claim exemption from the responsibility when the principal
debtor encounters reconciliation application, bankruptcy announcement, reorganization, liquidation, prenegotiation, rejection
of transaction by TCH, or debt settlement.</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: 55pt; text-align: right">Article</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">9 <B>Where You agree on postponed repayment by the principal debtor or modify the
original agreement with the principal debtor based on negotiation, or similar matters occur, the Guarantor herein agrees to take
the joint responsibility to guarantee the postponed repayment or modified agreement.</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: 55pt; text-align: right">Article</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">10 <B>Where the Guarantor or principal debtor owe multiple debts to You, and the repayment
is insufficient to cover all the debts or the debts have different natures, You shall determine the way of offsetting and the
sequence according to this Agreement and laws, regardless of the repayment means adopted by the principal debtor or guarantor.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2.5pt 14.2pt 0 12pt; text-align: left; text-indent: 0in"><B>&nbsp;</B></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: 15pt; text-align: left"><B>III.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Individual Credit Granting Provisions</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"><B>1.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Overdraft</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The overdraft limit approved by You shall prevail and used for the No. ___ cheque
account against cheque drawn by the Promisor, entrusted payment conducted by automatic devices, or other notes approved by You.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor shall repay the principal and interest immediately on the due date of
the overdraft. The principal and interest of overdraft from the cheque account against certified cheques of limited amounts for
credit insurance shall be repaid before 21st in the next month.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The amount
of overdraft interest is calculated on 20<SUP>th</SUP> every month based on the annual interest rate of ___ %. The interest is
calculated and added to the principal every month. Where Your </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
benchmark interest rate (adjusted by </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> month
</FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> quarter) </FONT>[_]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
indexed rate is adjusted, the amount of interest is calculated based on the new interest rate announced by You plus the annual
interest rate ___ % from the date of adjustment.</FONT></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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the principal and interest of the overdraft exceed the limit, the Promisor shall
immediately repay the balance and authorize You to repay the balance using the deposit made by the Promisor with You or the Promisor&rsquo;s
other funds held by You. Where the Promisor fails to immediately repay the balance or the Promisor&rsquo;s other funds held by
You are insufficient to cover the balance, You may deem that the principal and interest are due.</TD>
</TR></TABLE>



<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"><B>2.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Working capital loan for general/material purchase purposes</B><BR>
<BR>
The limit that You approve for this loan shall prevail. The loan is used by the Promisor against the <I>Credit Use Application
and IOU</I> or (and) documents. The period of each amount borrowed shall not exceed the specified number of days, and the amount
shall be repaid according to the interest rate and repayment means specified in the <I>Credit Use Application and IOU</I>.</TD>
</TR></TABLE>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"></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"><B>3.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Domestic advance</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The limit that You approve for this loan shall prevail. The loan is used by the Promisor
against the <I>Credit Use Application and IOU</I> or (and) documents. The period of each amount borrowed shall not exceed the
specified number of days, and the amount shall be repaid according to the interest rate and repayment means specified in the <I>Credit
Use Application and IOU</I>.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where acceptance or presentment for payment cannot be made against the documents provided
by the Promisor, or payments are not made against the documents on due dates, the Promisor and Guarantor shall immediately repay
the loan.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt"></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"><B>4.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Working capital loan for foreign trade</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The limit that You approve for this loan shall prevail. The loan is used by the Promisor
against the <I>Credit Use Application and IOU</I> or (and) documents. The period of each amount borrowed shall not exceed the
specified number of days, and the amount shall be repaid according to the interest rate and repayment means specified in the <I>Credit
Use Application and IOU</I>.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to convert all foreign exchanges earned from export settlement
and export collection handled by You into NTD according to the buying rates announced by You on the dates of negotiation, dates
of discounts, or dates of payment collection notification, or according to the exchange rates negotiated by both sides, for paying
the principal and interest of the loan.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the Promisor fails to repay the loan using the foreign exchanges earned from
export as stipulated in the previous item, the interest shall be calculated from the original borrowing date based on Your current
benchmark interest rate (adjusted by quarter) plus the annual interest rate of 3% and the Promisor shall pay the balance of the
interest amount. Where repayment is overdue, the amounts of interest and overdue interest are calculated based on the above-mentioned
new interest rate and a penalty specified in this Agreement will be charged.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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"><B>5.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>General guarantee, foreign currency guarantee</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The limit that You approve for this loan shall prevail. The amount, period, and content
of each guarantee in the guarantee document issued by You shall prevail. You reserve the right to decide whether to provide a
guarantee after inspection.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">When entrusting You to provide a guarantee, the Promisor is willing to pay a fee based
on Your rate and regulations. Where the Promisor entrusts You several time to provide guarantees or entrusts You to provide a
revolving guarantee, the Promisor shall also pay a fee as agreed based on Your regulations, in multiple times, or when the guarantee
is used in a revolving manner. The guarantee service fee shall be paid before You issue the guarantee document. Otherwise, You
may refuse to issue it. The Promisor shall pay all the taxes for this Agreement. Where there are forex settlement loan service
fees, mailing fee, or other fees, the Promisor shall pay the fees separately. When You adjust Your service rates, the Promisor
agrees to pay the service fees for subsequent use of the guarantee or extension of the guarantee period according to Your new
service rates.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to implement the agreed matters related to the entrusted guarantee
and notify You of the implementation in writing. Where the Promisor postpones implementation or fails to implement the matters,
which makes You advance guaranteed payments and relevant fees, the Promisor is willing to immediately repay You. In case of an
overdue payment, the Promisor is willing to pay an amount of interest calculated from the date of advancement through the date
of repayment based on the advancement amount and the benchmark interest rate (adjusted by quarter) on the date of advancement
plus the annual interest rate of 3<B>%</B>, and the Promisor shall also pay a penalty by the means specified in this Agreement.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor expressly declare that You shall fulfill Your guarantee responsibility
when the guaranteed person in the guarantee document that You issue notifies You to fulfill the guarantee responsibility, regardless
of whether the guarantee conditions are met or whether there are other defenses or disputes.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">When applying for a foreign currency guarantee, the Promisor and Guarantor are willing
to comply with the provisions in the current <I>Uniform Customs and Practice for Documentary Credits</I>, and <I>Uniform Rules
for Contract Guarantees</I><FONT STYLE="color: #333333; background-color: white">, </FONT><I>International Standby Practices issued
by </I>International Chamber of Commerce as well as the provisions in the foreign exchange and trade administration regulations
or other relevant regulations issued by competent authorities.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Other special conditions:</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.5pt">&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"><B>6.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Commercial paper guarantee</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The limit that You approve for this guarantee shall prevail. It is used by the Promisor
to make You guarantee repayment of the due debts that arise from the commercial papers issued by the Promisor.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Both sides shall separately negotiate on the maximum period of the commercial paper
for each guarantee calculated from the date of guarantee through the commercial paper due date. You shall entrust note companies
to sign and sell the commercial papers according to Act Governing Bills Finance Business.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For all the notes which You are entrusted to accept, guarantee, or provide issuance
guarantee for, You shall be the drawee or act as the drawee and the place where You operate Your business shall be the place of
payment.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to calculate the guarantee service fee based on the face value
and period of the guaranteed commercial paper, the rate that You approve, and Your regulations, and will pay the fee in full when
entrusting You to provide the guarantee.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the Promisor entrusts You to provide issuance guarantee for a commercial paper,
the Promisor shall deposit the payment one day before the due date of the commercial paper. In case of an overdue payment, which
makes You advance the payment, the Promisor is willing to immediately repay You, and pay an amount of interest calculated from
the date of advancement through the date of repayment based on the advancement amount and the benchmark interest rate (adjusted
by quarter) on the date of advancement plus the annual interest rate of 3<B>%</B>, and the Promisor shall also pay, by the means
specified in this Agreement, a penalty calculated from the date of advancement and based on the advancement amount.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 62.3pt; text-indent: -22.35pt">&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"><B>7.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Bill acceptance</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The acceptance limit that You approve shall prevail. It is used by the Promisor to
turn You into the drawee or acceptor of the bills issued by the Promisor.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Both sides shall negotiate on the maximum period of each acceptance bill calculated
from the date of acceptance through the bill due date.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For all the bills which You are entrusted to accept, You shall act as the drawee and
the place where You operate Your business shall be the place of payment.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to calculate the acceptance service fee based on the face
value and period of Your acceptance bill, the rate that You approve, and Your regulations, and will pay the fee in full when entrusting
You to accept the bill.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the Promisor entrusts You to accept a bill, the Promisor shall deposit the payment
one day before the due date of the bill. In case of an overdue payment, which makes You advance the payment, the Promisor is willing
to immediately repay You, and pay an amount of interest calculated from the date of advancement through the date of repayment
based on the advancement amount and the benchmark interest rate (adjusted by quarter) on the date of advancement plus the annual
interest rate of 3<B>%</B>, and the Promisor shall also pay, by the means specified in this Agreement, a penalty calculated from
the date of advancement and based on the advancement amount.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 41.4pt"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 41.4pt"></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"><B>8.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Domestic financing against L/C</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The limit of domestic financing against L/C that You approve shall prevail (the deposit
is included in the limit). It is used by the Promisor to entrust You to issue domestic L/Cs and to accept or made (advance) payments
against issued bills presented by beneficiaries within effective L/C periods. Within the limit effective period, the Promisor
may apply for use of the limit with documents including L/C issuance applications.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Both sides shall negotiate on the maximum effective period of the bill under each
usance L/C. The Promisor shall deposit the payment before the due date of the acceptance bill under a usance L/C. If failing to
do so, the Promisor is willing to immediately repay You from the date of advancement. In case of an overdue payment, the Promisor
is willing to pay an amount of interest calculated from the date of advancement through the date of repayment based on the advancement
amount and the benchmark interest rate (adjusted by quarter) on the date of advancement plus the annual interest rate of<B> 3%</B>,
and the Promisor shall also pay, by the means specified in this Agreement, a penalty calculated from the date of advancement and
based on the advancement amount.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For the bill under each sight L/C, the Promisor shall deposit the payment with You
before the bill is presented, unless You agree to make a separate short-term loan for paying the bill. If failing to do so, the
Promisor is willing to immediately repay You from the date of advancement. In case of an overdue payment, the Promisor is willing
to pay an amount of interest calculated from the date of advancement through the date of repayment based on the advancement amount
and the benchmark interest rate (adjusted by quarter) on the date of advancement plus the annual interest rate of <B>3%</B>. Where
the Promisor fails to repay You within 10 days after the date of advancement, Promisor shall also pay, by the means specified
in this Agreement, a penalty calculated from the date of advancement and based on the advancement amount.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor may apply for a short-term loan separately and present the <I>Credit
Use Application and IOU to </I>entrust You to use the loan to offset the payment made by You against the bill under each L/C specified
in this Agreement<I>. </I>This Agreement serves as a proof of the entrustment and no separate entrustment document will be prepared<I>.</I><BR>
<BR>
The
loan mentioned in the previous item can be handled although the borrowing date is later than the effective period the credit line
specified in this Agreement or (and) the L/C effective period. The period of each loan shall not exceed the agreed number of days,
and the loan shall be repaid according to the interest rate and repayment means specified in the <I>Credit Use Application and
IOU</I>.The Promisor is willing to immediately repay the loan on its due date or when all loans are deemed to be due. In case
of an overdue repayment, the Promisor is willing to pay an amount of overdue interest based on the above-mentioned interest rate.
When repaying the principal or interest after the due date, the Promisor is willing to pay, by the means specified in this Agreement,
a penalty calculated from the due date and based on the loan amount.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The service fee for each issued L/C under this Agreement is calculated according to
the rate that You specify.</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: 55pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where You or Your agent bank deems that the bills and its associated documents under
an L/C that the Promisor entrusts You to issue comply with the terms and conditions of the L/C, and accepts or pays the bills,
the Promisor is willing to immediately and unconditionally accept the bills and documents, and to make repayment or acceptance
immediately when You present the bills or documents. You are not responsible for defects (including inconsistency between the
quality and quantity of goods and the documents) found subsequently in the above-mentioned bills and documents. The Promisor shall
not therefore raise any dispute.</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: 55pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where losses are caused to the goods covered by the credit L/C due to the beneficiary&rsquo;s
failure to execute the contract, delivery delay, fraud, or other force majeure events, the Promisor shall bear the losses and
You are not responsible for the losses.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63.1pt; text-indent: -21.1pt"><B>&nbsp;</B></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"><B>9.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Financing for goods import </B>(against foreign sight L/C, foreign usance L/C,
foreign transferrable L/C)</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The limit of financing for goods import that You approve shall prevail (the deposit
is not included in the limit). It is used by the Promisor to entrust You to issue L/Cs for importing goods and to fund imports
(including advances, loans, and acceptance). The types, modes, periods of funds and guarantees shall be approved by You before
financing is provided. The effective period of financing and the repayment responsibilities of the Promisor and Guarantor terminate
only after all the liabilities that arise from the financing are repaid.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">During the effective period of the limit, the Promisor presents L/C application and
the relevant documents required by You to apply for using the limit in a revolving manner and entrusts You according to this Agreement
to make payment against each L/C. The Promisor and Guarantor recognize all the amounts listed in each L/C application and the
interests and fees related to the amounts. You may use notices or other equivalent documents from foreign agent banks (including
agent banks, negotiating banks, and correspondent banks, similarly hereinafter) as debt proves and the Promisor is willing to
repay all the debts according to regulations without any dispute.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">When applying for L/C issuance, the Promisor shall follow Your regulations to make
a forex settlement deposit and You shall make payment or acceptance for the balance. After You send a notice on the arrival of
shipping documents under each sight L/C, the Promisor shall repay the fund for the L/C within the period that You specify, and
shall pay an amount of interest and relevant fees calculated from the date of negotiation by the foreign bank (unless otherwise
stipulated). Where imported goods have arrived but shipping documents have not, the Promisor shall immediately repay the principal,
interest, and relevant fees before applying for delivery against a shipping guarantee or bill of lading endorsement.The maximum
financing periods of the usance L/C issues according to this Agreement are negotiated by both sides. The due date of each fund
is calculated from the date of negotiation by a foreign bank (unless otherwise stipulated) based on the relevant terms and conditions
in the corresponding L/C application and the number of financing days. For bill acceptance, the bill period shall not exceed the
financing period. When the bill is due, the Promisor shall be responsible for paying the bill or apply to You for making advances.
However, the total of the period of the advances and the period of the bill shall not exceed the maximum financing period as well.
The Promisor is willing to immediately repay each loan on its due date and pay an amount of interest and relevant fees calculated
from the date of negotiation by the foreign bank (unless otherwise stipulated).Where the goods are shipped in multiple batches,
the Promisor is willing to repay the principal and relevant fees calculated based on the amounts on the batch shipping documents
to You. Where shipping documents are received after the due date of L/Cs, the Promisor and Guarantor are willing to repay You
provided that the conditions of negotiation are met.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor may apply to You for issuing L/Cs in other foreign currencies according
to this Agreement for importing goods or goods importing financing. However, the total of all the amounts shall be converted into
USD based on the foreign exchange rate specified by You. The total financing amount shall not exceed the limit granted by this
Agreement. Where the total financing amount exceeds the amount or limit specified in this Agreement due to foreign exchange rate
fluctuation, the Promisor and Guarantor shall repay the balance and shall immediately repay the principal, interest, and relevant
fees of the balance when receiving Your notice.</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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where this financing limit in foreign currencies can be combined with loan limits
in NTD as approved by You, this financing limit in foreign currencies shall be converted into a financing limit in NTD and then
combined with other loan limits in NTD for foreign exchange rate risk control, or this financing limit in foreign currencies shall
be combined with a financing limit in NTD equal to the financing limit in foreign currencies for risk control, the total amount
in foreign currencies shall be converted into an amount in NTD based on the foreign exchange rate specified by You, and the total
amount in NTD shall not exceed the NTD loan limit approved by You. Where the financing amount or the combination of the financing
amount and other loan amounts in NTD under this Agreement exceeds the above-mentioned NTD loan limit approved by You due to foreign
exchange rate fluctuation, the Promisor and Guarantor shall be responsible for repaying the balance, and shall immediately repay
the principal, interest, and relevant fees of the balance when receiving Your notice.</TD>
</TR></TABLE>

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



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The conditions, periods, and repayment means of dedicated loans shall be handled according
to the relevant regulations of competent authorities and You. If required, the quantities and amounts of imported goods shall
be checked by competent authorities before being registered.</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: 55pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where You or Your (foreign) agent bank deems that the bills and its associated documents
under an L/C that the Promisor entrusts You to issue comply with the terms and conditions of the L/C, the Promisor is willing
to accept them immediately and unconditionally.</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: 55pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The service fee for each issued L/C or guarantee under this Agreement is calculated
according to the rate that You specify and the Promisor is willing to pay the balance according to the actual amount.</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: 55pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">After the negotiating documents under a foreign usance L/C issued according to this
Agreement are received, the Promisor may apply for converting the advances that You have paid into another currency, repay You
the amount in the target currency of the conversion or the amount in NTD on the original due date, and pay an amount of interest,
overdue interest, and penalty calculated based on the lending rate of the target currency that You announce on the date of conversion.</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: 55pt; text-align: right">(10)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The amount of interest of each foreign currency loan under this Agreement shall be
calculated based on the corresponding loan interest rate negotiated with You on the date when the loan is made. Nevertheless,
during the period of refinancing applied separately to the Central Bank, the amount of interest shall be calculated based on an
increased interest rate as stipulated by the Central Bank. The Promisor is willing to repay the loan by agreed means.<BR>
<BR>
Where the
Promisor fails to repay the principal and interest of any above-mentioned loan when it is due or all loans are deemed as due,
the Promisor is willing to pay an amount of overdue interest calculated based on the above-mentioned interest rate and pay, by
the means specified in this Agreement, a penalty calculated from the due date and based on the loan balance.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(11)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For a loan in a foreign currency that You make according to this Agreement, the Promisor
is willing to repay the principal, interest, overdue interest, penalty, and relevant fees using NTD based on the selling price
of the foreign currency announced by You on the date of loan repayment or date of interest payment, or repay them using the foreign
currency.</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: 55pt; text-align: right">(12)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For a usance L/C issued according to this Agreement, the Promisor may issue a <I>Credit
Use Application and IOU</I> to apply for a loan in NTD for repaying Your fund in a foreign currency.Where the Promisor uses the
usance L/C limit to apply for issuance of a sight L/C, the Promisor may, after all negotiating documents are received, issue a
<I>Credit Use Application and IOU</I> to apply for a loan in NTD for repaying Your fund in a foreign currency.The loan mentioned
in the previous item shall be handled although the borrowing date is later than the effective period the credit line specified
in this Agreement or (and) the L/C effective period. The period of each loan shall not exceed the agreed number of days, and the
loan shall be repaid according to the interest rate and repayment means specified in the <I>Credit Use Application and IOU</I>.The
Promisor is willing to immediately repay the loan on its due date or when all loans are deemed to be due. In case of an overdue
repayment, the Promisor is willing to pay an amount of overdue interest based on the above-mentioned interest rate. When repaying
the principal or interest after the due date, the Promisor is willing to pay, by the means specified in this Agreement, a penalty
calculated from the due date and based on the loan amount.</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: 55pt; text-align: right">(13)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to provide imported goods for You as a guarantee covering
all the loans that arise from this Agreement. From the L/C issuance date through the arrival date of imported goods, You are entitled
to the pledge of all the B/Ls (such as relevant delivery documents) of the imported goods. From the time when the imported goods
arrive, You are entitled to the pledge of the imported goods. This Agreement serves as a written proof of granting the rights
to the pledges. The Promisor is willing to buy an insurance policy for the above-mentioned goods with You being the beneficiary.
If the Promisor fails to buy or renew the insurance policy, You are entitled to buy or renew it and pay the premium on behalf
of the Promisor. However, You are not obliged to do so. Where You pay the premium for the Promisor, the Promisor is willing to
repay You immediately. Otherwise, the premium is added to the liabilities of the Promisor to You and an amount of interest is
calculated based on the benchmark interest rate (adjusted by quarter) that You announce on the date of payment plus <B>3%</B>.
The collateral shall be used first to repay the premium.</TD>
</TR></TABLE>

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<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: 55pt; text-align: right">(14)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the Promisor fails to repay a loan within an agreed period, the imported goods
may go bad or depreciate, or the Promisor fails to make customs declaration or take delivery of goods on time, You may make customs
declaration or take delivery of the goods on behalf of the Promisor and may auction or freely dispose (including the method, time,
and price for the disposal) the imported goods and other collateral, so as to repay the principal and interest of the loan, overdue
interest, penalty, all fees (including taxes and shipping fees paid when You make customs declaration and take delivery of the
goods), and loss. However, You are not obliged to make customs declaration, take delivery of the goods, or dispose the goods and
collateral.</TD>
</TR></TABLE>

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<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: 55pt; text-align: right">(15)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">When claiming a shipping document, the Promisor is willing to register trust possession
according to the Personal Property Secured Transactions Act as required by You.</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: 55pt; text-align: right">(16)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the L/C beneficiary or seller fails to execute the contract or postpones delivery,
other force majeure events occur, the insurer rejects the claim, the compensation is insufficient, or compensation is not made
in a timely manner, the Promisor shall be responsible for and handle the losses caused thereby to the imported goods under this
Agreement. In such cases, the Promisor is willing to immediately repay the principal and interest of the loan, overdue interest,
penalty, and all fees.</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: 55pt; text-align: right">(17)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">You may issue a shipping guarantee or provide bill of lading endorsement at the Promisor&rsquo;s
request. Where the product names, specifications, unit prices, total amounts, and delivery taking conditions are different from
those specified on the shipping document that You receive at a later time, the Promisor and Guarantor are willing to pay amounts
and complete all other procedures based on the conditions specified on the shipping documents that You receive. Where You suffer
from a loss caused by the difference between the issued document and the received document, the Promisor and Guarantor are willing
to take the compensation responsibility. The content of the <I>Application for Shipping Guarantee or Bill of Lading Endorsement
</I>presented by the Promisor is deemed as an attachment of this Agreement. The Promisor and Guarantor are willing to comply with
the content.</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: 55pt; text-align: right">(18)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The usance L/C limit under this Agreement can be used to issue sight L/Cs, while the
sight L/C limit cannot be used to issue usance L/Cs.</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: 55pt; text-align: right">(19)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where a holder of import documents or collateral documents of the Promisor requires
You to return or exchange the collateral, You shall deem the holder as an agent of the Promisor and return or exchange the collateral.
Where a dispute arises thereof, the Promisor is willing to take all responsibilities.</TD>
</TR></TABLE>

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<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: 55pt; text-align: right">(20)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">To entrust You to issue irrevocable L/Cs in the future, the Promisor is willing to
settle foreign exchange purchases with You or to use foreign exchange deposits or foreign currency cash as a reserve for repaying
part or of all the bills under the L/Cs. Where there is unused foreign exchanges, the Promisor shall sell them back to You or
deposit them with You or remit them as required by the Statute for Foreign Exchange Regulations and other relevant regulations.
The Promisor requires You to issue a foreign exchange settlement proof or transaction proof when You issue an L/C. In addition,
the Promisor acknowledge that the difference between the amount on the L/C and the amount settled is the advance that You make,
and agrees that the foreign exchange settlement proof, transaction proof, other relevant documents that You hold are the proof
of the advance. Where the advance specified in the foreign exchange settlement proof or transaction proof is different from the
actual advance, the advance specified in the relevant documents or books that You hold shall prevail. The Promisor shall not therefore
raise any dispute.</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: 55pt; text-align: right">(21)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">You are herein expressly notified that, after all or part of the goods covered by
an L/C issued by You against the Promisor&rsquo;s import permit and (or) other relevant documents approved by Board of Foreign
Trade, Ministry of Economic Affairs or its designated organization arrive, where the Promisor fails to repay You for the shipping
documents before the L/C due date specified in the relevant credit granting agreement, or all the L/Cs that the Promisor requires
You to issue are deemed to be due according to the relevant credit granting agreements, You are irrevocably authorized to apply
to the Board of Foreign Trade, Ministry of Economic Affairs for an approval and then make customs declaration and take delivery
of the imported goods on behalf of the Promisor, and auction or freely dispose the imported goods. The Promisor expressly states
that Your actions including making customs declaration and taking delivery of the goods are deemed as actions taken by the Promisor
and have a binding effect on the Promisor.</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: 15pt; text-align: right">&nbsp;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">&nbsp;</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"><B>10.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Financing against foreign currency D/A, D/P, or O/A for import</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The financing limit that You approve shall prevail. It is used by the Promisor to
raise funds (including advances, loans, and guarantees) for importing goods under the D/A, D/P, or O/A terms.<BR>
<BR>
The effective period
of financing and the repayment responsibilities of the Promisor and Guarantor terminate only after all the liabilities that arise
from the financing are repaid.<BR>
<BR>
The Promisor and Guarantor are willing to take, according to the provisions in this Agreement, their
liabilities arising from an advance, loan, or guarantee for which the Promisor applies to You before the effective date of this
Agreement for importing goods under the D/A, D/P, or O/A term.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor may apply to You, based on the agreed amount limit and period, for advances,
loans, or guarantees, for importing goods under the D/A, D/P, or O/A term. Where the due date (repayment date) or date when You
make an advance is later than the period, this Agreement is still applicable and the Promisor and Guarantor shall comply with
the provisions in this Agreement to take the repayment responsibility. When applying for use of the limit, the Promisor shall
present the <I>Credit Use Application and IOU</I> and the relevant documents that You require.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">When the Promisor applies for funding goods import under the D/A, D/P, or O/A term,
the Promisor shall provide part of the fund and perform foreign exchange settlement as required by You, and You shall provide
the balance. The Promisor shall repay Your fund (including principal, interest, overdue interest, penalty, and relevant fees)
by paying NTD based on the selling price of the relevant foreign exchange that You announce on the repayment date or by paying
foreign exchanges without any delay.The maximum period of each fund shall be negotiated between both sides.</TD>
</TR></TABLE>

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<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor may apply to You for funds in other foreign currencies for importing
goods under the D/A, D/P, or O/A term. However, the amount of the total amount of the funds shall be converted into USD using
the foreign exchange rate that You specify and the total amount shall be within the limit specified in this Agreement. Where the
total amount exceeds the limit due to foreign exchange rate fluctuation or other reasons, the Promisor and Guarantor shall be
responsible for repaying the balance and shall immediately repay the principal, interest, and relevant fees of the balance when
receiving Your notice.</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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where this financing limit in foreign currencies can be combined with loan limits
in NTD as approved by You, this financing limit in foreign currencies shall be converted into a financing limit in NTD and then
combined with other loan limits in NTD for foreign exchange rate risk control, or this financing limit in foreign currencies shall
be combined with a financing limit in NTD equal to the financing limit in foreign currencies for risk control, the total amount
in foreign currencies shall be converted into an amount in NTD based on the foreign exchange rate specified by You, and the total
amount in NTD shall not exceed the NTD loan limit approved by You. Where the financing amount or the combination of the financing
amount and other loan amounts in NTD under this Agreement exceeds the above-mentioned NTD loan limit approved by You due to foreign
exchange rate fluctuation, the Promisor and Guarantor shall be responsible for repaying the balance, and shall immediately repay
the principal, interest, and relevant fees of the balance when receiving Your notice.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The amounts of interest of all the loans in foreign currencies made according to this
Agreement shall be calculated based on the foreign exchange rates negotiated when You make the loans. The Promisor is willing
to pay the amounts by agreed means. Where the Promisor fails to repay the principal or interest of any above-mentioned loan when
it is due or all loans are deemed to be due, the Promisor is willing to pay an amount of overdue interest calculated based on
the agreed interest rate and pay, by the means specified in this Agreement, a penalty calculated from the due date and based on
the loan amount.</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: 55pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">When importing goods under the D/A or D/P term, the Promisor may apply to You, with
Your approval and based on the agreed amount, limit, or period, for a shipping guarantee or bill of lading endorsement. When applying
for it, the Promisor shall present an affidavit (for shipping guarantee/bill of lading endorsement only) the relevant deeds and
documents that You require. The Promisor and Guarantor both recognize the content of each loan application, the amounts in the
relevant deeds and documents, and the agreed matters. They shall assume liabilities for damages to You until You receive foreign
documents and the Promisor completes the bill acceptance, payment, or financing procedure.</TD>
</TR></TABLE>

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<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where You agree that the borrowing currency can be converted, the Promisor may apply
for converting the borrowing currency of the fund that You provide into another currency, repay You the amount in the target currency
of the conversion or the amount in NTD on the original due date, and pay an amount of interest, overdue interest, and penalty
calculated based on the lending rate of the target currency that You announce on the date of conversion.</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: 55pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where You agree that the fund can be provided in NTD, the Promisor shall present the
<I>Credit Use Application and IOU</I> to apply for converting the loan into NTD, repay the loan that You provide in foreign currency,
and agree to repay the new loan on its due date using NTD regardless of whether the borrowing date is later than the period of
this Agreement. The maximum loan period shall not exceed the agreed number of days and the loan shall be repaid based on the interest
and repayment means specified in the <I>Credit Use Application and IOU</I>.<BR>
<BR>
The Promisor is willing to immediately repay the loan
on its due date or when all loans are deemed to be due. In case of an overdue repayment, the Promisor is willing to pay an amount
of overdue interest based on the agreed interest rate. When repaying the principal or interest after the due date, the Promisor
is willing to pay, by the means specified in this Agreement, a penalty calculated from the due date and based on the loan amount.</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: 55pt; text-align: right">(10)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where processing of the imported goods under this financing agreement is completed
before schedule or they are sold before schedule, the Promisor agrees to immediately hand the received n<FONT STYLE="color: #333333; background-color: white">otes
receivable to You for collection, so as to prepare for repaying the principal and interest or to repay them in advance.</FONT></TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 25.1pt; text-align: justify">&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"><B>11.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Exporting Negotiation</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">As You may negotiate or discount documentary drafts (domestic or foreign) with or
without collateral that issued or endorsed by the promisor of the exporting negotiation agreement (hereinafter referred to as
the &quot;Promisor&quot;); therefore, the Parties agree as follows:<BR>
<BR> All stipulations in this agreement shall be deemed as
permanently valid and applicable at any time; the aforesaid documentary drafts, no matter they are negotiated or discounted directly
or through any third party to You, shall be deemed as resigning of this agreement by the Promisor every time of negotiation or
discounting, are all within the purview of guarantee of this agreement and are applicable to this agreement.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Negotiation or discounting specified in this Agreement indicates that You, according
to the stipulations in the L/C issued by the issuing bank that is put forward by the Promisor, review the documentary drafts or
documents suggested by the Promisor, and then pay in advance for the amount on the documentary drafts or documents with the interest
withheld. If You fail to take back the deposit or accept the documentary drafts from the issuing bank or paying bank within two
months, regardless of any reason, the Promisor shall unconditionally pay the principal and interest of the deposit back to You.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Hereby the Promisor is willing to provide You with the shipping document affiliated
to the documentary draft and the relevant goods as the collateral to ensure that You can negotiate or discount the documentary
draft issued or endorsed by the Promisor, and relevant interest and fees.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor authorizes You, or any of Your Managers, or Agents, or the Holders of
the bills (but not so as to make it imperative) to insure any goods forming the collateral for any such bills against sea risk,
including loss by capture, and also against loss by fire on shore, and to add the premiums and expense of such insurances to the
amount chargeable to the Promisor in respect of such bills. You have the priority of compensation upon the collateral and shall
deal with the collateral to compensate for the loan and other relevant fees or insurance expense paid by a third party or other
relevant fees, which does not affect Your right of claim upon other debtors. In addition, You shall take the place of the Promisor
to handle all necessary affairs according to the example of common business agent and charge service fees. If You have no objection
to the specified wharf or warehouse, the Promisor shall move the goods to the public or private wharf or warehouse based on the
requirement of the drawee or acceptor.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor hereby also authorizes You, or any of Your Managers, or Agents, or the
Holders of the bills, to take conditional acceptances to all or any of such bills, to the effect that on payment thereof at maturity,
the documents handed to You as collateral for the due payment of any such bills shall be delivered to the drawees or acceptors
thereof, and such authorization shall be taken to extend to cases of acceptance for honor.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor further authorizes You (but not so as to make it imperative) at any time
before the maturity of any bills, to grant a partial delivery or partial deliveries of such goods, in such manners as You or the
acceptors or their representatives may think desirable to any person on payment of a proportionate amount of the invoice cost
of such goods, or of the bills drawn against same. The meaning of the above-mentioned &quot;proportionate amount&quot; will be
defined by You.</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: 55pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor further authorizes You, or any of Your Managers, or Agents, or the Holders
of the bills, on default being made in acceptance on presentation or in payment at maturity, of any of such bills or in case of
the drawees or acceptors suspending payment, becoming bankrupt, or taking any steps whatever towards entering into liquidation
during the currency of any such bills, and whether accepted conditionally or absolutely to sell all or any part of the goods forming
the collateral for the payment thereof at such times and in such manner as You or such holders may deem fit, and after deducting
usual commission and charges, to apply the net proceeds in payment of such bills with re-exchange and charges the balance, if
any, to be placed at Your or their option against any other of bills, secured or otherwise, which may be in Your or their hands,
or any other debt or liability of the Promisor to You, or them, and subject, thereto, to be accounted for the proper parties.
In case of loss at any time of goods insured, the Promisor authorizes You to realize the policy or policies and charge the same
commission on the proceeds as upon a sale of goods, and to apply the net proceeds, after such deductions as aforesaid, in the
manner hereinbefore lastly provided.</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: 55pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If the net proceeds of such goods are insufficient to pay the amount of the bills
(including the exchange loss), the Promisor authorizes You, or any of Your Managers, or Agents, or the Holders of the bills, to
draw on the Promisor for the deficiency, without prejudice to any claim against any endorser(s) of the bills for recovery of same
or any deficiency of the same; and the Promisor agrees that bills issued by You or holders shall be deemed as sufficient proof
of sale and loss. the Promisor shall pay the bills immediately upon the notice.</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: 55pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor further authorizes You, or any of Your Managers, or Agents, or the Holders,
whether the aforesaid Power of Sale shall or shall not have arisen, at any time before the maturity of the bills, to accept payment
from the drawees or acceptors thereof, if requested so to do, and on payment to deliver the bills of lading and shipping documents
to such drawees or acceptors; and calculate the rebate at the customary interest rate in the place where such bills are payable.</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: 55pt; text-align: right">(10)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In case of D/A bills, the Promisor authorizes You to deliver the documents handed
to You as the shipping documents of the collateral to the acceptors against their acceptance of the bill drawn on them. In this
case, the Promisor undertakes to hold You harmless from any consequence that may arise by Your so doing and to pay You the amount
or any balance of the bill with re-exchange and charges if the acceptors should make any default in payment at maturity, or ensure
that You or the holders of the bills have the priority of compensation upon the collateral.</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: 55pt; text-align: right">(11)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Should the drawee of the bills reject acceptance or payment of the bills, or should
the collateral goods arrive before the date of maturity of such bills, the Promisor authorizes You or Your correspondent to unload,
clear, warehouse the goods, effect insurance thereon and do any and all other acts which You or Your correspondent may deem necessary
for the proper maintenance of the said goods. In these cases, not only the expenses and cost incurred in the course of the above
acts, but also any damage caused by those people or parties who deal with the unloading, clearance, warehousing and insurance
in good or bad faith or by reason of war, natural disasters or any other force majeure shall be paid by the Promisor.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(12)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor hereby agrees that, should the bills be not accepted by the drawees or
not paid by the drawees or acceptors by intervention, or should it happen, that the bills are not paid or the proceeds thereof
are not transferred to You because of the local laws or regulations or for any other reasons, the<B> </B>Promisor shall pay the
amount of the bills with interest and other incidental charges incurred as soon as You inform the Promisor, notwithstanding no
return of the bills and/or documents. Should You demand any additional collateral of the Promisor at same time, it shall be given
by the Promisor without any objection.</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: 55pt; text-align: right">(13)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">In case the drawee of the bills requests You or Your correspondent on the date of
maturity of the bills to postpone payment and if this is deemed reasonable by You or Your correspondent, no objection shall be
raised by the Promisor to You or Your correspondent's agreeing to it without notification to the Promisor.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(14)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Should the bills negotiated by You be refused handling or processing by Your discounting
bank or correspondent, or unpaid by issuing bank owing to some discrepancy in the bills or the documents attached thereto with
the terms and conditions of the L/C or for any other reasons, or should the acceptance of the shipped goods be refused because
of divergence of quality, quantity etc. of the said goods, or for any other reasons, discovered by the interested party or parties
upon delivery or any other occasions, the Promisor shall take full responsibility thereof and reimburse You at any time the amount
of such bills, interest (based on the listed lending rate of the Central Bank on the negotiation day) and other incidental charges
incurred in the original currency or NTD. The Promisor further authorizes You to tender a letter of guarantee to the issuing bank
or the accepting bank under the L/C, without any notification to the Promisor, in case You or Your correspondent deems it fit
to do so, and the Promisor solely shall be held liable for the guarantee thus offered.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(15)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor authorizes You or Your correspondent to send the bills and/or attached
documents to the place of payment by any method as You or Your correspondent deems fit.</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: 55pt; text-align: right">(16)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Should bills and/or documents be destroyed or lost in transit, or assumed as such,
or their arrival at the place of payment is much delayed by accident such as mis-transportation, a new bill, and if possible,
new documents shall be presented to You by the Promisor according to Your record book, at Your demand without any legal procedures,
or alternatively, at Your option, the amount of the bills, with all expenses, shall be paid to You by the Promisor.</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: 55pt; text-align: right">(17)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor shall be responsible for the signature, seal or writing used on the bills
or any other documents accepted by You even though the signature, seal or writing is a forged or stolen one; in case You have
concluded the same to be identical with those submitted to You beforehand or those used on a previous bills or another documents,
any damages, sustained by You there from, shall be paid for by the Promisor.</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: 55pt; text-align: right">(18)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Should the drawees of the bills or the L/C issuing, accepting or confirming banks
become insolvent, or bankrupt, be seized, provisionally seized, provisionally disposed of, or offered for auction, or even should
the drawees or the above banks apply for bankruptcy or settlement by composition, the Promisor agrees to pay You upon Your notice
the total amount of the bills with interest and other additional charges.</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: 55pt; text-align: right">(19)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor agrees that all property of the Promisor including margins and deposit
balances in You or Your branches possession or otherwise subject to Your control shall be deemed as collateral for the payment
of any outstanding debts.</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: 55pt; text-align: right">(20)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Litigations about bills, documents, and/or collateral shall be handled by the local
court at the place where the business office of You that the Promisor applies for negotiation is located.</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: 55pt; text-align: right">(21)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where damages are caused to You due to defects occur on the documents, regardless
of any reason, the Promisor is willing to pay for the damages to You.</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: 55pt; text-align: right">(22)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If documents or IOUs for loans issued, endorsed, accepted, or guaranteed by the Promisor
are short of necessary items which leads to invalidation of the creditor's rights, or the creditor's rights are terminated due
to statute of limitation or incomplete procedure, the Promisor is still willing to, according to Your demand, pay off the amount
on the documents or IOUs for loans, interest before and after the expiration of the debt, and other additional charges by cash
or collateral, or both of them.</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: 55pt; text-align: right">(23)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor agrees to replace, and split or combine the documents of the collateral
signed and submitted by the Promisor to You as You require the Promisor.</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: 55pt; text-align: right">(24)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor agrees to pay the delay interest and breach penalty in case of delay
in repaying the loan from You. The Promisor also agrees that if the overdue period is within 6 months, You shall charge 10% additional
breach penalty according to the original loan interest rate; if the overdue period exceeds 6 months, You shall charge 20% additional
breach penalty according to the original loan interest rate.</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: 55pt; text-align: right">(25)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor agrees that You shall create at least one account in the name of the
Promisor to facilitate accounting. However, all accounts shall be considered as a single account. All credit balance, either in
NTD or other currencies, shall be used by You to take out any debt that the Promisor shall pay back to You.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(26)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Unless otherwise agreed, the person who holds documents or receipts for loans issued,
endorsed, accepted, or guaranteed by the Promisor has right of recourse in the event of protest waived for the non-payment or
non-acceptance. Under protest waived, in case You or Your correspondent requires protest, the Promisor has no objection. It is
legal and valid for the Promisor to implement protest for non-payment or non-acceptance at any place without any proof.</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: 55pt; text-align: right">(27)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor will observe the <I>Uniform Customs and Practice for Documentary Credits</I>,
<I>International Standard Banking Practice</I>, and <I>International Commercial Terms</I> issued by the International Chamber
of Commerce, and deem them as a part of this agreement.</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: 55pt; text-align: right">(28)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">If there is any dispute about stipulations in this Agreement, the corresponding stipulation
in Chinese prevails.</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: 55pt; text-align: right">(29)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">It is mutually agreed that the delivery of such collateral to You shall not prejudice
Your rights on any of such bills in case of dishonor, nor shall any recourse taken thereon affect Your title to such collateral
to the extent of the Promisor's liability to You as above, and that, notwithstanding any alteration by death, retirement, introduction
of new partners or otherwise in the persons from time to time constituting the Promisor or the style of the Promisor under which
the business at present carried on by the Promisor may from time to time continue. It is also agreed that You are not to be responsible
for the default of any Broker or Auctioneer appointed or employed by You for any purpose.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -21pt">&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"><B>12.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Financing against foreign currency D/A, D/P, or O/A for export</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The financing limit that You approve shall prevail. The Promisor shall present the
<I>Credit Use Application </I>and IOU to apply for using the limit. The maximum period of each loan shall not exceed the agreed
number of days and each loan shall be repaid based on the interest rate and by the repayment means specified in the<I> Credit
Use Application and IOU.</I></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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to use the amounts earned by the Promisor from export under
the D/A, D/P, or O/A term handled by You to repay the loan. In case that the amounts are insufficient, the Promisor agrees to
repay the balance in the original currency or NTD based on the foreign exchange rate that You specify on the date of settlement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The export receivables (under D/A, D/P, or O/A term) to be used by the Promisor to
repay the loan that You make in a foreign currency to the Promisor shall be remitted from a foreign collecting bank to You, and
shall not be remitted by the foreign buyer to the Promisor or any third party by other means or through other channels or be used
to offset any debt that the Promisor uses the buyer. If failing to abide by this provision, the Promisor is willing to deem that
all the loans (including advances and guarantees) that You make to the Promisor are unconditionally due and shall immediately
repay all the loans.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor may apply to You for a loan for export under the D/A, D/P, or O/A term.
However, the total amount of each loan shall be converted into USD using the foreign exchange rate that You specify and shall
not exceed the limit specified in this Agreement. Where the amount exceeds the limit due to foreign exchange rate fluctuation
or other reasons, the Promisor and Guarantor shall be responsible for repaying the balance and shall repay the principal, interest,
and relevant fees of the balance immediately when receiving Your notice.</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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where this financing limit in foreign currencies can be combined with loan limits
in NTD as approved by You, this financing limit in foreign currencies shall be converted into a financing limit in NTD and then
combined with other loan limits in NTD for foreign exchange rate risk control, or this financing limit in foreign currencies shall
be combined with a financing limit in NTD equal to the financing limit in foreign currencies for risk control, the total amount
in foreign currencies shall be converted into an amount in NTD based on the foreign exchange rate specified by You, and the total
amount in NTD shall not exceed the NTD loan limit approved by You. Where the financing amount or the combination of the financing
amount and other loan amounts in NTD under this Agreement exceeds the above-mentioned NTD loan limit approved by You due to foreign
exchange rate fluctuation, the Promisor and Guarantor shall be responsible for repaying the balance, and shall immediately repay
the principal, interest, and relevant fees of the balance when receiving Your notice.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where You agree that the borrowing currency can be converted, the Promisor may apply
for converting the borrowing currency of the fund that You provide into another currency, repay You the amount in the target currency
of the conversion or the amount in NTD on the original due date, and pay an amount of interest, overdue interest, and penalty
calculated based on the lending rate of the target currency that You announce on the date of conversion.</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: 55pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The amounts of interest of all the loans in foreign currencies made according to this
Agreement shall be calculated based on the lending rates negotiated when You make the loans. The Promisor is willing to pay the
amounts by agreed means. Where the Promisor fails to repay the principal and interest of any above-mentioned loan when it is due
or all loans are deemed to be due, the Promisor is willing to pay an amount of overdue interest calculated based on the agreed
interest rate and pay, by the means specified in this Agreement, a penalty calculated from the due date and based on the amount
of the loan.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -21pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -21pt"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -21pt"></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"><B>13.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Foreign currency bill purchase</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The limit on foreign currency bill purchase that You approve shall prevail. The Promisor
understands and agrees that, where bills are being processed by You and therefore cannot be settled in a timely manner, the Promisor
shall take the responsibility for the losses caused thereby and You shall not be liable for the losses.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The foreign currency bills purchased by You at the Promisor&rsquo;s request shall
involve no counterfeiting, alteration, or any other flaws. Where any of the above-mentioned flaws is found in the bills and You
suffer from losses caused thereby, the Promisor is willing to make full compensation.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">After You deliver a foreign currency bill that You purchase at the Promisor&rsquo;s
request, where the bill is lost or destroyed due to a reason not attributable to banks (including foreign agent banks), the Promisor
is willing to immediately repay the amount of the bill or provide another foreign currency bill with the same amount to You to
prevent losses caused to You thereby.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where a foreign currency bill purchased by You is dishonored or involves in a dispute
and therefore You cannot collect the amount of the bill or the collected amount is refunded within one month, the Promisor is
willing to immediately repay You for the bill and pay an interest amount and various fees calculated based on the foreign currency
lending rate that You announce on the data of repayment, regardless of the reason of the dishonor or dispute, whether the bill
is dishonored before or after You collect the amount of the bill, or whether the bill is dishonored after the Promisor collects
the amount. In case of overdue repayment of the principal and interest, the Promisor shall pay, in addition to an amount of overdue
interest calculated based on the above-mentioned lending rate, a penalty calculated based on agreed interest rate of 10% within
six months after the due date, and a penalty calculated based on agreed interest rate of 20% after the six months.</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: 55pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where a foreign currency bill that You purchase at the Promisor&rsquo;s request cannot
be cashed or is dishonored for a reason, You are not obliged to protest or take other legal procedures to preserve the entitlement
to the bill, unless You are entrusted in writing and agree to do so.</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: 55pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">You may choose freely any correspondent bank as the collecting bank. You can change
the collecting bank designated by the Promisor.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For a foreign currency bill that You purchase at the Promisor&rsquo;s request, You
may write any text or draw any symbols on the bill to prevent it from getting lost, preserve the claim, or in according to banking
practice. You are not obliged to restore the original condition of the bill in case of bill dishonor and may return the bill with
the text or symbol to the Promisor.</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: 55pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The interest for the foreign currency bill that You purchase at the Promisor&rsquo;s
request is calculated based on the foreign currency lending rate that You announce on the date of lending and the bill collecting
period that begins from the date of lending, and is prededucted. The relevant fees of the bill, including service fees, delivery
fees, inquiry fees, and foreign expenses, are calculated based on Your rates and the difference between the calculated amount
and the actual amount shall also be paid.</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: 55pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor is willing to comply with the provisions in the applicable edition of
<I>Uniform Rules for Collection-ICC publication</I> and relevant regulations of the competent authorities.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt"></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"><B>14.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Discount</B></FONT></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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The financing limit that You approve shall prevail. The Promisor shall present the
<I>Credit Use Application and IOU and </I>bills to apply for using the limit. The maximum period of each loan shall not exceed
the agreed number of days and each loan shall be repaid based on the interest rate and by the repayment means specified in the
<I>Credit Use Application and IOU</I>.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor shall provide a usance draft or Promissory note obtained from business
transactions and endorsed by the Promisor as well as documents that prove the nature of the transactions to You two business days
in advance. After You verify and approve the documents provided, You shall pay a maximum of ___ % of the amount of the usance
draft or promissory note to be discounted to the Promisor.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the usance draft or promissory note is an outgoing item, the interest thereof
shall be calculated until the date when You receive the payment and the Promisor shall pay the collecting fee.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Where the usance draft or promissory note provided by the Promisor cannot be accepted
or presented for payment or no payment is made upon the due date thereof, the Promisor and Guarantor are willing to immediately
repay the discounted amount, including the principal, interest, overdue interest, penalty, and various fees. Should there be any
losses caused thereby, the Promisor and Guarantor are willing to make compensation. Although the usance draft or promissory note
discounted involves missing important documents, counterfeiting, incomplete legal procedure, or prescription events, the Promisor
shall repay the above-mentioned loan according to this discounting agreement.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24pt"></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"><B>15.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Simple financing against notes receivable</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: 55pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The interest and service fee of a loan shall be paid at a time when the loan is made
and You are entitled to deduct them directly from the amount of the loan. It is deemed that the Promisor has accepted the loan
upon deduction completion.</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: 55pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The Promisor agrees to transfer the bills specified on the <I>Credit Use Application
and IOU </I>and the creditor&rsquo;s right concerning the cause thereof (such as trading transacts, labor contracts, other debt
contracts) to You. You may notify the drawer of the transfer and require, as the obligee of the bills or creditor, the drawer
(debtor) to make a payment any time. You may directly use the payment to offset the loan or any liability of the Promisor to You.
In addition, the guaranteed bills provided by the Promisor shall not be revoked or exchanged, unless approved by You.</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: 55pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The guaranteed bills provided by the Promisor according to the <I>Credit Use Application
and IOU </I>are guarantees for all current (including the liabilities that arose in the past but has not been settled and not
limited to the liabilities that arise from this Agreement) and future liabilities of the Promisor to You. Where the issuers or
endorsers of the bills have bad credit or involve in other events that affect the exercise of Your creditor&rsquo;s right, all
the liabilities of the Promisor to You are deemed to be due immediately.</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.9pt">&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: 15pt; text-align: left"><B>IV.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Special Terms</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: 55pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">For the other financial instruments not specified in this Agreement, the Promisor
agrees to separately sign credit granting agreements with You.</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: 55pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Where You deem that the Promisor misuses the credits granted, has bad credit, or
fails to provide guarantees as required, or it is required by Your other services, You may stop the Promisor from using the credits
granted at any time or reduce the credit lines. Where a third party is involved and any responsibility dispute or expense is caused
thereby, the Promisor shall be fully responsible for handling the case. Should there be any damage caused to You thereby, the
Promisor shall also be fully responsible for compensation.</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: 55pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Indicator
                                         and interest rate description:<B><BR>
                                         Benchmark interest rate</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: 75pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Benchmark interest rate formula: The average of the one-year fixed savings interest
rates of You, Union Bank of Taiwan, TC Bank, Far Eastern International Bank, Bank SinoPac, E.SUN Bank, Taishin International Bank,
Taipei Fubon Bank, EnTie Bank, and Yuanta Bank less the highest and lowest interest rates is calculated as the &ldquo;index rate&rdquo;.
The benchmark interest rate is the sum of the index rate and a certain &ldquo;percentage&rdquo; of Your service and management
rate and Interest rate risk premium.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></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: 75pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Benchmark interest rate adjustment interval:</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: 95pt; text-align: right"><B>a.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>It is adjusted every three months on the 10th in February, May, August, and November.
In case of a holiday, the adjustment is performed on the following business day.</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: 95pt; text-align: right"><B>b.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>It is adjusted on the 10th every month. In case of a holiday, the adjustment is
performed on the following business day.</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: 75pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Benchmark interest rate sampling days and method: The 20th of the previous month
of an adjustment day is an index rate sampling day. In case of a holiday, the sampling day is the following business day. The
average (rounded to two decimal places) of the index rates on the sampling days less the highest and lowest interest rates is
used as the general one-year fixed savings interest rate (the interest rates publicized by the Central Bank on the sampling days
shall prevail).</B><BR>
<BR>
<B>In case of a great force majeure event and Your &ldquo;benchmark interest rate&rdquo; is differed greatly from the market interest
rate thereby or when Your &ldquo;percentage&rdquo; is adjusted, You may publicize the revised &ldquo;benchmark interest rate&rdquo;
formula at Your business sites, on Your website, or through media after obtaining an approval from the Central Bank, and make
the revision ten days after the publication.</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: 55pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Conditions for changing the banks involved in the benchmark interest rate formula:</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: 75pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A bank implements a merger, is merged, eliminated, or suspended from business, goes
bankrupt, is re-organized or deregistered, or is supervised or taken over by competent authorities.</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: 75pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">A bank stops the one-year fixed savings service.</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: 75pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The short-term credit rating of a bank is lower than twB from Taiwan Ratings (or an
equivalent rating from Fitch, Moody&rsquo;s, Standard &amp; Poor&rsquo;s, or other equivalent credit rating organizations).</TD>
</TR></TABLE>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: left; margin-left: 40pt"><B>Index rate</B>&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: 75pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Index rate formula: The index rate is calculated with reference to the general
one-year fixed savings interest rates of Bank of Taiwan, Taiwan Cooperative Bank, Land Bank, First Bank, Chang Hwa Bank, Hua Nan
Bank, Taiwan Business Bank, and CTBC Bank.</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: 75pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Adjustment interval: It is adjusted on the 5th every month. In case of a holiday,
the adjustment is performed on the following business day.</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: 75pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Index rate sampling days and method: The 20th of the previous month of an adjustment
day is an index rate sampling day. In case of a holiday, the sampling day is the following business day. The average (rounded
to two decimal places) of the index rates on the sampling days less the highest and lowest interest rates is used as the general
one-year fixed savings interest rate (the interest rates announced by the Central Bank on the sampling days shall prevail).</B></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></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: 75pt; text-align: right"><B>(4)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Conditions for changing the banks involved in the index rate formula:</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: 95pt; text-align: right"><B>a.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>A bank implements a merger, is merged, eliminated, or suspended from business,
goes bankrupt, is re-organized or deregistered, or is supervised or taken over by competent authorities.</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: 95pt; text-align: right"><B>b.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>A bank stops the one-year fixed deposit service.</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: 95pt; text-align: right"><B>c.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The short-term credit rating of a bank is lower than twB from Taiwan Ratings (or
an equivalent rating from Fitch, Moody&rsquo;s, Standard &amp; Poor&rsquo;s, or other equivalent credit rating organizations).</B></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></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: 55pt; text-align: right"><B>(4)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Automatic deduction agreement</B><BR>
<BR>
The Promisor agrees and authorize You to transfer the amounts of the principal and interest of the liabilities of the Promisor
from the NTD demand deposit in the Promisor&rsquo;s account NoXXXXXXXX. and USD demand deposit in the Promisor&rsquo;s account
No.XXXXXXXX to settle the liabilities. Before the principal and interest are repaid in full, the Promisor will never revoke this
authorization or cancel the above-mentioned account. This Agreement is used as the authorization proof and other payment proofs
such as the Promisor&rsquo;s bank savings book, withdrawal slips, or promissory notes or cheques signed by the Promisor are not
required. You are not liable for any disputes caused thereby and the Promisor is willing to take all responsibilities. Where the
deposit is insufficient to repay the principal and interest, the Promisor promises to pay the balance and an overdue penalty.
Where the account for paying the principal and interest is changed, The Promisor promises to immediately notify You and complete
the change procedure. The Promisor also authorizes You to directly deduct the service fees and all other payables that arise from
this Agreement and shall be paid by the Promisor to You from the balance of the above-mentioned account. The Promisor shall be
responsible for any disputes caused by the insufficient balance of the account.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 47.9pt"></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: 55pt; text-align: right"><B>(5)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Repayment account terms</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: 75pt; text-align: right">[_]</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The Promisor
is willing to endorse and transfer the bills for collection provided by the Promisor to You and agrees to set up the &ldquo;dedicated
repayment account&rdquo; (demand deposit account No. ___) in the name of the Promisor to facilitate accounting by You. Funds collected
on the due dates of the bills are deposited into the account and the Promisor authorizes You to implement the transfer procedure
to transfer the funds at a time or multiple times to repay all the liabilities of the Promisor to You.</B></FONT></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: 75pt; text-align: right">[_]</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The Promisor
provides amortization bills for repaying loans and agrees to set up the &ldquo;dedicated repayment account&rdquo; (demand deposit
account No. ___) in the name of the Promisor to facilitate accounting by You. Funds collected on the due dates of the bills are
deposited into the account and the Promisor authorizes You to implement the transfer procedure to transfer the funds to repay
all the liabilities of the Promisor to You.</B></FONT></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: 75pt; text-align: right">[_]</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>For the
loans borrowed by the Promisor against various labor, engineering, procurement, and sales contracts, the Promisor agrees to set
up the &ldquo;dedicated repayment account&rdquo; (demand deposit account No. ___) in the name of the Promisor to facilitate accounting
by You. Funds for repaying the loans are directly deposited into the account, or funds collected against bills for payment with
the above-mentioned account as their titles on the due dates of the bills are deposited into the account. You are authorized to
implement the transfer procedure to transfer the funds at a time or multiple times to repay all the liabilities of the Promisor
to You.</B></FONT></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: 75pt; text-align: right">[_]</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>For the
L/Cs that You issue and the financing transactions in NTD or foreign currencies (including advances, loans, and guarantees) that
You handle against various trading documents at the Promisor&rsquo;s request, the Promisor agrees to set up the &ldquo;dedicated
repayment account&rdquo; (demand deposit account No. ___) in the name of the Promisor to facilitate accounting by You, agrees
to deposit repayment funds in foreign currencies into the account as required by You, and authorizes You to implement the transfer
procedure to transfer the funds to repay all the liabilities of the Promisor to You. The Promisor also recognizes that the deducted
amounts and balance of the above-mentioned account recorded in Your accounting system or account card shall prevail. Where an
amount deducted from the above-mentioned account shall be converted into NTD, the a conversion application shall be submitted
in the name of the Promisor according to the <I>Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements
or Transactions</I>.</B></FONT></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: 75pt; text-align: right">[_]</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The Promisor
agrees to comply with Your credit granting requirements to retain a deposit equal to a certain percentage (or amount) of the credit
amount and set up the &ldquo;dedicated repayment account&rdquo; (demand deposit account No. ___) with You in the name of the Promisor.
The Promisor shall deposit the amount into the account before or when the loan is made and authorize You to directly implement
the transfer procedure to transfer amounts at a time or multiple time from the account to repay the liabilities of the Promisor
to You.</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-left: 80pt"><B>The Promisor agrees that, before
the principal and interest of the loan or the Promisor&rsquo;s liabilities to You are repaid in full, the Promisor will neither
revoke the authorization specified in this item nor cancel the above-mentioned savings account. This Agreement serves as a proof
of the authorization. Where You convert the face values of the above-mentioned bills or contracts into a loan, after payments
for part or all of the bills or contracts are collected and used to repay a certain percentage of the principal and interest of
the loan, You may return the remaining payments to the Promisor or use them to repay other liabilities of the Promisor to You.
You may require the Promisor to change the above-mentioned bills before they are presented. Where a bill provided is dishonored
or a payment for a contract is cannot be collected in a timely manner, the Promisor is willing to provide a complementary fund
immediately. Before payments are completely collected against the bills provided by the Promisor, the Promisor and Guarantor are
willing to take the repayment responsibility.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></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"><B>(6)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Obligation to notify You of changes in the Guarantor&rsquo;s position when the Guarantor
is appointed as a director, supervisor, or representative of the Promisor</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: 55pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Where the Guarantor is a director, supervisor, or representative (manager, litigation
or non-litigation agent appointed by the Promisor&rsquo;s foreign company, reorganizer, liquidator, or temporary administrator;
the records of the Ministry of Economic Affairs, in the meeting minutes of the board of directors, on the licenses issued by competent
authorities, or of courts shall prevail; similarly hereinafter) of the Promisor upon signing this Agreement, the Promisor and
Guarantor shall notify You in writing before the date when the Guarantor resigns or is dismissed or the position of the Guarantor
changes after the signing and provide You with the meeting minute of the board and relevant proof documents.</B> <B>Where they
fail to notify You or notify You with a delay, You may, when learn about the change, stop making loans, reduce the credit line,
reduce loan periods, or deem that all loans are due. The Promisor and Guarantor shall be responsible for compensating for Your
losses caused thereby.</B><BR>
<BR>
<B>When You learn about the above-mentioned changes, You may stop making loans regardless of the reason until the Guarantor negotiates
and signs another agreement with You.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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: 55pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Guarantor of this Agreement shall continue to take the guarantee responsibility
where the Guarantor is re-elected as a director or supervisor or is elected as a director, supervisor, or representative during
a director or supervisor election.</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: 55pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The preceding items are applicable to the Guarantor where the Guarantor serves
as a director, supervisor, or representative of the Promisor after signing this Agreement.</B></TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 70.7pt"><B>&nbsp;</B></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"><B>(7)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Where treasury bonds, government bonds, corporate bonds, stocks, or other securities
(such as a Pledge Right Contract/Demand Deposit Pledge Agreement) are provided as guarantees for the liabilities of the Borrower
to You, the Promisor understands and agrees to the following:</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: 55pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The treasury bonds, government bonds, corporate bonds, stocks, or other securities
(such as a Pledge Right Contract/Demand Deposit Pledge Agreement) provided shall be approved by You.</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: 55pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Before the due dates of loans, You may deem that all loans are due where the Promisor
violates any of the following, and the Promisor shall immediately repay the loans. Otherwise, You may use the provided bonds,
stocks, and securities to repay the loans. The Promisor and Guarantor shall not raise a dispute over the disposal method, time,
and price. All the documents transferred by You shall be voided immediately.</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: 75pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>A situation described in Article 13 of section I in this Agreement occurs.</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: 75pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Where the total market price of the bonds, stocks, and securities provided is less
than 80% of their original price or the ex-rights and ex-dividend price is less than 80% of their original price, the Borrower
fails to provide additional collateral approved by You or fails to compensate the price different with cash.</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: 55pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Where the ownership of the bonds, stocks, and securities provided has not been
transferred, in case of ex-rights or ex-dividend, the Promisor is willing to repay the principal and interest of the loan in advance
and retrieve the bonds, stocks, and securities for ownership transfer. Otherwise, the Promisor is willing to take responsibility
for all the losses caused thereby.</B></TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.8pt"><B></B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.8pt"><B></B></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"><B>(7)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Other agreements:</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: 55pt; text-align: right"><B>(1)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Standby L/C issued by a domestic branch of China Construction Bank for Your
benefit is fully secured.</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: 55pt; text-align: right"><B>(2)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>NTD or USD loans may be disbursed under the line of credit, provided that a transaction
certificate (e.g. procurement and sales invoices or orders) acceptable to You shall be provided before any USD loan is disbursed.
In the case of outward remittance financing, the Borrower shall provide an invoice or order and drawdown a loan in the total amount
of such invoice or order and directly pay the same to the supplier&rsquo;s account; in the case of export invoice financing, the
Borrower shall provide an invoice and drawdown a loan in the total amount of such invoice.</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: 55pt; text-align: right"><B>(3)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The loan amount shall not exceed 97% of the amount of the Standby L/C; USD to NTD
exchange rate shall be subject to the closing rate of Taipei Foreign Exchange Brokerage Firm at 12:00 two days before the drawdown
date.</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: 55pt; text-align: right"><B>(4)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The loan will automatically become unavailable 15 business days before the Standby
L/C expires, and the balance shall be paid off.</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: 55pt; text-align: right"><B>(5)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>When You conduct post-loan monitoring on a quarterly basis, if a negative balance
appears in the shareholders&rsquo; equity line item in the most recent financial statement provided by the Borrower, then the
line of credit will cease to be drawn down until the balance turns positive.</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: 55pt; text-align: right"><B>(6)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The credit drawdown application shall be filed 2 business days before the drawdown
(or any other business day agreed by You).</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: 55pt; text-align: right"><B>(7)</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>The Borrower represents that all transaction certificates provided to You have
never been used by other financial institutions for any other financing.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>This Agreement shall be reserved for five years after settlement.</B></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>
    <td colspan="4" style="border-bottom: Black 3pt double">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.85pt 0 0; text-align: justify; text-indent: 0in"><b>In this Agreement,
        Article 1, Articles 13 to 16, Articles 20 to 22 of Section I in &ldquo;General Provisions&rdquo;, Articles 1 to 10 of Section II
        in &ldquo;Guarantor Provisions&rdquo;, and Article 2 and Articles 4 to 8 of Section IV in &ldquo;Special Agreement Terms&rdquo;
        are individually agreed terms, and the Promisor (Borrower) and Guarantor have read through them one by one and understand and agree
        to the terms.</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 48.5pt; text-indent: -48.5pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.85pt 0 0; text-align: justify; text-indent: 0in"><b>The Promisor (Borrower)
        and Guarantor herein state that they have reviewed all the terms within a reasonable period (at least five days), fully understand
        the content of each term in this Agreement after negotiating the terms with You, are willing to comply with this Agreement, and
        have made copies of this Agreement on their own. The following signatures and seals indicate that they have read through and agree
        to this Agreement.</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 48.5pt; text-indent: -48.5pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 48.5pt; text-indent: -48.5pt">Sincerely</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 48.5pt; text-indent: -48.5pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.85pt 0 0; text-align: left; text-indent: 0in"><b>China Construction
        Bank, Taipei Branch</b></P></td></tr>
<tr>
    <td rowspan="3" style="vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 3pt double">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promisor/Borrower:</font>
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applied Optoelectronics, INC., Taiwan Branch</font></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unified No. (or ID Number):28410552</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address:</font>
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No.18, Gong 4th Rd., Linkou Dist., New Taipei City 24452,
        Taiwan (R.O.C.)</font></P></td>
    <td rowspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Signature)</font></td>
    <td colspan="2" style="vertical-align: top; border-right: Black 3pt double; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Guarantee verified at:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">No. 18, Gong 4th Rd., Linkou Dist.</P></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verified on</font></td>
    <td style="border-right: Black 3pt double; border-bottom: Black 1pt solid; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signing witnessed by</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016-4-22</font></td>
    <td style="border-right: Black 3pt double; border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</td></tr>
<tr>
    <td rowspan="3" style="vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 3pt double">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Joint guarantor:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unified No. (or ID Number):</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Address:</P></td>
    <td rowspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Signature)</font></td>
    <td colspan="2" style="vertical-align: top; border-right: Black 3pt double; border-bottom: Black 1pt solid; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guarantee verified at:</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verified on</font></td>
    <td style="border-right: Black 3pt double; border-bottom: Black 1pt solid; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signing witnessed by</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</td>
    <td style="border-right: Black 3pt double; border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td colspan="4" style="font-size: 10pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">22<sup>nd</sup> &nbsp;April, 2016</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>appliedopto_8k-ex1002.htm
<DESCRIPTION>TRANSLATION OF APPROVAL NOTICE OF CHINA CONSTRUCTION BANK
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: transparent"><FONT STYLE="font-size: 14pt">China
Construction Bank Taipei Branch</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: transparent"><FONT STYLE="font-size: 14pt">Approval
Notice</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; 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="background-color: white">
    <TD ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-indent: 0in; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applicant</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-indent: 0in; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Applied Optoelectronics, Inc. (AOI) Taiwan Branch</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-indent: 0in; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unified Business No.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-indent: 0in; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28410552</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-indent: 0in; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Responsible Person</FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-indent: 0in; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chih-Hsiang Lin</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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 STYLE="width: 100%; border: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I. Decision</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; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That your company applies for a loan of USD 10 million to our bank is approved as follows:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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="4" STYLE="border: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II. Approved Terms</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. Credit line details</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No.</FONT></TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Category</FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amount/1000 (+/-)</FONT></TD>
    <TD STYLE="width: 55%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other Requirements on Interest Rate, Fee, and Amount</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in; background-color: transparent"><B>[Category]</B>:
        Working capital amount</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>[Subject]</B>: Short-term loan</P></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">USD 10,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(+USD 0)</P></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">1.&#9;Purpose:
        working capital</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">2.&#9;Duration:
        revolving for 1 year from the approval date (to March 25, 2017); the maximum duration for each loan is 180 days but shall not exceed
        15 working days before the expiration of Standby L/C.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">3.&#9;Interest
        rate: calculated separately for each drawing.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">4.&#9;Collateral:
        Stand-by letter of credit (L/C) issued by a domestic branch of China Construction Bank with the China Construction Bank Taipei
        Branch as the beneficiary. The loan amount cannot exceed 97% of the amount of the stand-by L/C.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">5.&#9;Payment
        method: Pay the interest monthly, and pay back the principal at the appointed date</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">6.&#9;Other
        requirements:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in; background-color: transparent"><B>(1)&#9;</B>The
        bank may make loans in USD or NTD. When the loan is made in USD, you need to submit the transaction certificate (such as procurement
        and sales invoices or orders) approved by our bank and declare that the transaction certificate is not used by other financial
        institutions for any other financing. For outward remittance financing, the invoice or order needs to be submitted to the bank
        and the bank allocates the financing fund that is 100% of the invoice or order value directly to the supplier's account. For export
        invoice financing, the invoice needs to be submitted and the bank allocates the financing fund that is 100% of the invoice value.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in; background-color: transparent"><B>(2)&#9;</B>The
        exchange rate between USD and NTD depends on the closing rate at 12:00 two days before the drawdown date (subject to the information
        released on the website of Taipei Forex Inc.).</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in; background-color: transparent"><B>(3)&#9;</B>The
        loan will automatically become unavailable 15 working days before the stand-by L/C expires, and the balance shall be paid off.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in; background-color: transparent"><B>(4)&#9;</B>In
        case the Notice covers any balance on the previous line of credit, upon being executed as a contract, the previous line of credit
        will be invalid.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in; background-color: transparent"><B>(5)&#9;</B>When
        our bank conducts post-loan monitoring on a quarterly basis, if the net worth on the most recent financial statement provided by
        the Borrower is negative, then the line of credit will cease to be drawn down until the net worth turns positive.</P></TD></TR>
</TABLE>

<P STYLE="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 COLSPAN="7" STYLE="border: Black 1pt solid; text-align: justify; layout-grid-mode: line"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2. Miscellaneous terms</font></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; layout-grid-mode: line"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1. Before drawing down any amount, you should provide us the Minutes of Board of Directors' meetings. 3. If the notice has any mistake, the final approved documents by our bank shall govern.</font></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; text-align: justify; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3. Collateral Details</FONT></TD></TR>
<TR>
    <TD STYLE="width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Collateral</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appraised<BR>
 Amount</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appraisal<BR>
 Date</FONT></TD>
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The percentage of <BR>
loan granted</FONT></TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum<BR>
 Guaranteed <BR>
Loan</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amount<BR>
 set</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sequence<BR>
 set</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stand-by L/C issued by a domestic bank</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">97%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&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 COLSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: justify; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4. Guarantor</FONT></TD></TR>
<TR>
    <TD STYLE="width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name</FONT></TD>
    <TD STYLE="width: 31%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unified Business No./ID Number</FONT></TD>
    <TD STYLE="width: 28%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amount of the Promissory Note</FONT></TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guaranteed Range</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
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    <TD STYLE="width: 100%; border: Black 1pt solid; text-align: justify; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legal Entity Financial Department of CCB Taipei Branch</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; layout-grid-mode: line">2016-3-29</TD></TR>
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>appliedopto_8k-ex1003.htm
<DESCRIPTION>TRANSLATION OF THE PROMISSORY NOTE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>Promissory
Note</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&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: 100%; border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: justify; text-indent: -12pt">1.&nbsp;&nbsp;
        Unconditional payment on<I> MM DD, YYYY</I> according to this note payable at sight to</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: justify; text-indent: -12pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Mainland China Enterprise, China Construction Bank, Taipei Branch</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">&#111;</FONT> NTD <FONT STYLE="font-family: Wingdings">&#110;</FONT> USD 10 million only</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: justify; text-indent: -12pt">2.&nbsp;&nbsp;
        Place of payment:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: justify; text-indent: -12pt">3.&nbsp;&nbsp;
        The interest is calculated and paid according to the following Article<I> <U> </U></I> from the agreed note issuing date:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -14.15pt">(1)&nbsp;
        Use the fixed interest rate and calculate and paid the interest according to <I><U> </U></I>% of the annual rate</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -14.15pt">(2)&nbsp;
        Calculate the interest according to <I><U> </U></I>% of the annual rate; when the benchmark interest rate of the bank is adjusted
        (according to<U> </U> ), calculate the interest according to the new declared benchmark interest rate (according to<U> </U> ) plus
        <I><U> </U></I>% annual rate from the adjustment date</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -14.15pt">(3)&nbsp;
        Calculate the interest according to<U> <I> </I></U>% of the annual rate; when Chunghwa Post Co., Ltd adjusts <U> </U>fixed deposit
        floating interest rate, calculate the interest according to adjusted interest rate plus <I><U> </U></I>% annual rate from the adjustment
        date</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -14.15pt">(4)&nbsp;
        Other agreements:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: justify; text-indent: -12pt">4.&nbsp;&nbsp;
        Protest waived for this note, and the notification obligation in Article 89 of the <I>Negotiable Instruments Act</I> is also waived.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: justify; text-indent: -12pt">5.&nbsp;&nbsp;
        Calculation of the penalty: If the overdue period is within six months, the interest shall increase 10% based on the original interest
        rate; if the overdue period exceeds six months, after six months overdue to the end of the pay-off date, the interest shall increase
        20% based on the original interest rate.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">Drawer: Applied Optoelectronics, Inc., Taiwan
        Branch&#9;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.9pt">Unified Business No. (or ID Number): 28410552</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.9pt">Address: No.18, Gong 4th Rd., Linkou Dist.,
        New Taipei City 24452, Taiwan (R.O.C.)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.9pt">Drawer:&#9;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.9pt">Unified Business No. (or ID Number):</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.9pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">Drawer:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.9pt">Unified Business No. (or ID Number):</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">Address:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">Drawer:&#9;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 23.9pt">&#9;<I>April 22<SUP>nd</SUP>,
        105 of ROC</I></P></TD></TR>
</TABLE>
<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">Please seal on the perforation</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>Letter of Authorization</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">The promisors hereby jointly issue the above promissory note and
deliver it to your bank. If any situation specified in the loan contract (including but not limited to the Article 13 of loss
of period benefit of Part A of the <I>Comprehensive Credit Line Agreement and General Contract</I>) occurs, your bank is hereby
authorized to fill in the due date, interest rate, and place of payment and is free from the notification obligation in Article
89 of the <I>Negotiable Instruments Act</I> according to the pay-off date and other regulations stipulated in relevant loan contract
to exercise the rights on the note.</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">Sincerely,</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"><B>Mainland China Enterprise China Construction Bank, Taipei Branch</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">Promisor (drawer): Applied Optoelectronics,
INC., Taiwan Branch</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&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: 50%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promisor (drawer): Chih-Hsiang Lin</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Signature and seal):</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promisor (drawer): </FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Signature and seal):</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promisor (drawer): </FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Signature
and seal):</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 40%; border-top: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guarantee verified by</FONT></TD>
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    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016-4-22</FONT></TD></TR>
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    <TD STYLE="border: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No.
    18, Gong 4th Rd., Linkou Dist., New Taipei City</font>


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    <TD STYLE="width: 16%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervisor</FONT></TD>
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    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Handled by</FONT></TD>
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    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seal checked by</FONT></TD>
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    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account</FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">xxxxxxxx</FONT></TD></TR>
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