Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 8

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 8
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 and hereafter created
or acquired. As a result, if we default on our obligations under the convertible note, or any additional convertible notes, the collateral
agent on behalf of the holder could foreclose on the security interests and liquidate some or all of our bank and securities accounts,
which would harm our business, financial condition and results of operations and could require us to reduce or cease operations and investors
may lose all or part of your investment.

12

Risks
Related to Our Operations

Difficulty
in qualifying a contract manufacturer, Tier 1 partner, or foundry for our products, or experiencing challenges in our supply chain, could
cause delays that may result in lost future revenues and damaged customer relationships.

Historically,
we have relied on single or limited-source suppliers to manufacture our products. Establishing and maintaining a relationship with a
contract manufacturer, automotive Tier 1 partner, or foundry is a time-consuming process, as our unique technologies may require
significant manufacturing process adaptation to achieve full manufacturing capacity. To the extent that we are not able to maintain
our existing or establish a new relationship with a contract manufacturer, Tier 1 partner, or foundry in a timely manner or at
prices or on other terms that are acceptable to us, we may be unable to meet contract or production milestones. Moreover, changes or
challenges in our supply chain could result in increased cost and delays and subject us to risks and uncertainties regarding, but
not limited to, product warranty, product liability and quality control standards. The loss of any single or limited-source
supplier, the failure of any of these suppliers to perform as expected or the disruption in the supply chain of components from
these suppliers could cause significant delays in product deliveries, which could result in lost future revenues and damaged
customer relationships.

Historically,
we have been dependent on third parties to develop, manufacture, sell and market products incorporating our technology.

Our
business strategy for commercializing our technology in products has historically included entering into development, manufacturing,
licensing, sales and marketing arrangements with OEMs, ODMs and other third parties. These arrangements reduce our level of control over
production and distribution and may subject us to risks and uncertainties regarding, but not limited to, product warranty, product liability
and quality control standards.

We
cannot be certain that we will be able to negotiate arrangements on acceptable terms, if at all, or that these arrangements will be successful
in yielding commercially viable products. If we cannot establish or maintain these arrangements, we would require