Document:

Exhibit 10.13

 

General
Credit Facility Agreement

 

The undersigned, Applied Optoelectronics, Inc.,
Taiwan Branch. (hereinafter “Borrower”) and it guarantor (hereinafter “Guarantor”, together with
the Borrower, the "Undersigned") hereby agree to the terms and conditions set forth below in addition to the General
Loan Agreement, Letter of Guarantee and other signed instruments with respect to the credit facility extended by E. Sun Commercial
Bank, Ltd. (hereinafter “Bank”):

 

Part I     Basic Terms 

 

1.     The two types of credit and the line
under this Agreement are as follows, marked with “X”:

 

	x Credit in New Taiwan Currency (NTD)	Line of Credit	Credit in foreign currency 	Line of Credit
	Working Capital Loan	NTD 120 million	Working Capital Loan	USD
	Advance for domestic draft	NTD	Issuance of foreign letter of credit	USD
	Export Loan	NTD	x DA, DP, OA financing 	USD 4 million
	Guarantee for issuance of commercial promissory note	NTD	Guarantee 	USD
	Issuance of domestic letter of credit	NTD	 	 
	Guarantee 	NTD	 	 
	 	 	 	 

 

Borrower shall draw down the line up to the
above credit line on a revolving basis, provided that the balance of each line of credit upon such drawdown shall not exceed the
general credit line of NTD 120 million. In case of foreign currency, the general credit line shall be calculated based on the foreign
exchange rate published by the Bank.

 

In the event that there exists any outstanding
debt in the credit used by Borrower under the general credit line agreement, the remaining amount of such outstanding debt shall
be incorporated into the credit line and general credit line as defined in this article for the purpose of calculation.

 

In the event that any drawdown is in foreign
currency and exceeds its single credit line or general credit line due to the fluctuation of foreign exchange rate or otherwise,
such exceeding part shall be jointly repaid by the Applicant

 

2.     During the
revolving credit facility term, unless otherwise provided by each type of credit, Borrower may request for loans from the Bank
during the period from December 17, 2013 to December 17 2014, with the initial drawdown to occur no later than December 17 2014,
or this Agreement shall be void. Even if the amount of the drawdown during the above revolving credit term shall be repaid after
expiration of such term, the Undersigned shall assume the responsibility for repayment and guarantee as required hereunder.

 

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3.     For the purpose
of drawdown of credit, Borrower shall submit a Drawdown Request acceptable to the Bank and relevant documents and can only draw
down the line with the approval of the Bank. Subject to the approval by the Bank, the term of the drawdown shall be calculated
in accordance with the relevant Drawdown Request. Each Drawdown Request and document shall be deemed a part of this Agreement
and shall have the same legal force as this Agreement.

 

4.     Borrower agrees that the drawdown shall be deemed received by
Borrower once the Bank deposits the drawdown into the Borrower’s bank account opened with the Bank or satisfies the purpose
designated by the Borrower.

 

5.     Base interest rate and time deposits interest
rate index

 

5.1     Base interest rate

 

5.1.1     Basis
of pricing: The base interest rate = the arithmetic average of the overnight TAIBOR over the past three months + the margin determined,
where “the arithmetic average of the overnight TAIBOR over the past three months” is based on the arithmetic average
of the overnight TAIBOR published by “the Taipei Interbank Discount Center” and “the margin determined”
will be the rate determined and subject to adjustment by the Bank in consideration of the funding cost, operational cost and interest
risk. The Bank shall in its sole discretion adjust the foresaid calculation to reflect the change of prevailing market environment.

 

5.1.2     The
reference rate will be based on the arithmetic average of the overnight TAIBOR published by the Taipei Interbank Discount Center
over a full 3-month period (rounded up to two decimal places) prior to the adjustment date.

 

5.1.3     Frequency
and method of adjustment

 

5.1.3(a) □ The base interest rate
will be adjusted on a quarterly basis respectively on 23 March, 23 June, 23 September and 23 December each year (or the business
day that follows if it falls on a non-business day).

 

Frequency of Adjustment
Table:

	Adjustment date	23 March	23 June	23 September 	23 December
	Effective period	23 March – 22 June	23 June – 22 September	23 September – 22 December	23 December – 22 March of the following year
	Reference date to be taken	1 December – 29 February	1 March – 31 May	1 June – 31 August	1 September – 30 November

 

5.1.3(b) □
The base interest rate will be adjusted on a monthly basis on the 23rd day each month (or the business day that follows
if it falls on a non-business day).

 

5.1.4     In case
of a major force majeure event (for example, the reference bank acquires or merges or is acquired or merged, is defunct
or information on the overnight TAIBOR is not accessible to the reference bank), the Bank may change the basis for determining
the base interest rate.

 

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5.2     Time deposits interest
rate index

 

5.2.1     Basis
of pricing: The time deposits interest rate index means the average of the interest rates applicable to one-year time deposits
adopted by the reference bank to be selected from among the Bank of Taiwan, Changhwa Bank, Hua Nan Bank, First Bank, Cooperative
Bank, Land Bank, Mega Bank, Cathay United Bank, Taiwan Medium and Small Enterprises Bank and the Chinatrust Bank (as posted
on the website of the Bank as of the drawdown).

 

5.2.2     Frequency
and method of adjustment:

 

5.2.2(a) □  The time deposits interest
rate index will be adjusted on a quarterly basis with adjustments to occur on 21 February, 21 May, 21 August and 21 November respectively
each year (or the business day that follows if it falls on a non-business day). The reference rate taken will be the average of
the daily interest rate posted by the Central Bank of Republic of China (Taiwan) over the period from the 11th day
through the 17th of the month rounded up to two decimal places.

 

Frequency of Adjustment
Table:

	Adjustment date	21 February	21 May	21 August 	21 November
	Effective period	21 February – 20 May	21 May – 20 August	21 August – 20 November	21 November – 20 February of the following year
	Reference date to be taken 	11 – 17 February	11 - 17 May	11 – 17 August	11 – 17 November

 

5.2.2(b) x
 The time deposit interest rate index will be adjusted on a monthly basis on the 21st day each month (or the business day
that follows if it falls on a non-business day) and effective from the 21st day of the month through the 20th
day of the following month. The reference rate taken will be the average of the daily interest rate posted by the Central Bank
of Republic of China (Taiwan) over the period from the 11th day through the 17th of the month rounded up
to two decimal places.

 

5.2.3 The
undersigned agree that in the event of any of the following, the Bank may in its sole discretion change the reference bank and
forthwith select another domestic bank for the designated bank to take the reference rate.

 

5.2.3(a)
The reference bank merges or is merged, defunct, voluntarily suspends its business, is bankrupt, subject to reorganization or involuntary
business suspension, or is put under official supervision or takeover as provided in the Article 62 of Banking Act of Republic
of China.

 

5.2.3(b)
One of the reference banks has withheld the offer of products to which the fixed interest rate applicable to one-year time deposit
applies.

 

5.3 Manner
of disclosure: Each post-adjustment base interest rate and time deposit interest rate index will be published on the interests
rate bulletin board of the business units each of the Bank and the official website of the Bank (www.esunbank.com.tw).

 

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6.     Borrower hereby authorizes the
Bank to withdraw from time to time from Borrower’s current account (A/C No. 0808-940-005298) with the Bank via the automatic
equipment or based on the evidence of withdrawal of savings signed by the authorized signatory of the Bank without the relevant
passbook, signed request for withdrawal or check drawn by Borrower for the amount equal to the relevant amount of obligation owed,
due and payable by Borrower as well as the relevant cost and charges incurred (including the principal, interest, default penalty,
service charges, service charges of credit guarantee fund, insurance premium, cost arising from the Bank’s enforcement of
the relevant claims in Borrower). Borrower acknowledges and agrees that the above relevant procedure shall be in accordance with
the relevant rules of the Bank and that he/she shall not terminate, withdraw or impose restrictions on the above authorization
without the consent of the Bank before his/her indebtedness owed to the Bank is duly repaid in full and nor shall he/she close
the above savings account. Borrower agrees that this Agreement serve as the evidence of the above authorization.

 

7.     The Borrower shall repay in NTD
any foreign currency loan and accrued interest at the exchange rate designated by the Bank at the time of such repayment or at
the rate as set forth in a forward foreign exchange purchase agreement executed by Borrower and the Bank or in the original currency.
In the event that Borrower delays in repayment of any loan and the exchange rate between the foreign exchange loan and the NTD
changes, the risk associated with such exchange rate variation shall be borne by Borrower, and the Bank shall have the right to
record the principal, interest and relevant costs in NTD at the exchange rate published by the bank on the record date and the
Undersigned shall not raise any objection to such conversion date, foreign exchange rate and the amount. However, the Bank shall
not be obligated to make such conversion.

 

8.     Borrower requesting for drawdown
of the credit line shall pay in full the loan, interest, account opening commission and guarantee commissions and acceptance commission.
In case of delay in repayment of the Principal, Borrower shall pay the late payment interest at the rate agreed upon by both parties.
In case of delay in repayment of the principal and interest of less than 6 months, as from the maturity date, the late payment
interest at the rate of 10% shall be charged; for the part the payment of which is delayed for more than 6 months, the late payment
interest at the rate of 20% shall be charged. In the event that Borrower fails to repay the loan or pay any costs on a timely basis,
Borrower shall pay the late payment fee at the base rate of the Bank plus the annual rate of 3.95% as from such maturity day.

 

In the event that Borrower fails
to repay any foreign exchange loan or costs on a timely basis, the late payment interest shall be charged at the foreign exchange
credit interest rate published by the Bank on the maturity date or due date or at the NTD base rate plus an annual rate of 3.95%,
whichever is higher. In case of delay in repayment of the principal and interest of less than 6 months, as from the maturity date,
the late payment interest at the rate of 10% shall be charged; for the part the payment of which is delayed for more than 6 months,
the late payment interest at the rate of 20% shall be charged. In such case, the Undersigned shall be jointly and severally liable
for the necessary costs incurred by the Bank for the purpose of enforcing its claims under this Agreement.

 

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9.     In the event that the Borrower
entrusts the Bank to guarantee or accept any bills and the Bank is obligated to make any advance due to Borrower’s non-performance
under any of such, or any breach event as described in article 5 of the Credit Facility Agreement (in case of the event descried
in article 5.2, the Bank shall give a reasonable prior notice or reminder letter) occurs, then, in order to ensure that the Borrower
performs its repayment obligation in respect of such guarantee or acceptance, the Bank may liquidate first all the bills guaranteed
or accepted in the benefit of the Bank without performing its guarantee or acceptance responsibility and dispose of any collaterals
by operation of law. The Bank may, after deduction of such amounts advanced and any other necessary costs incurred by it, retain
the remaining amount of such proceeds to the extent of the amount payable under such guarantee or bill acceptance. In the event
that the collateral is insufficient or absent, the Undersigned shall replenish the collateral or provide sufficient cash, or allow
the Bank to retain the cash deposited by Borrower with the Bank for any further repayment to the extent of the amount payable under
such guarantee or acceptance (in case of time deposit, the deposit deed shall be terminated first.) In the event that the Bank
is exempted from the guarantee or acceptance obligation without making any advance, such retained amount shall be returned to the
Undersigned. (This article is an optional article to be discussed by both parties)

 

10.    Guarantor represents and warrants
to be jointly and severally liable for the obligations, including the principal, interest, default interest, default penalty, damages
and all debts arising from the obligations owed to the Bank by Borrower under this Agreement. Guarantor further represents and
warrants that he/she will neither voluntarily withdraw his/her guaranty nor refuse to perform his/her obligations as the guarantor
by reason of the absence of Guarantor’s specimen-registered seal on the Drawdown Request issued by Borrower.

 

11.    The balance of the line of credit
hereunder shall be determined subject to the amounts reflected in the Drawdown Request, the Application For Issuance of Irrevocable
Documentary Letter of Credit, or the Bill or the Bank’s relevant vouchers or book records.

 

12.    With respect to any operations,
responsibilities and liabilities under the line of credit hereunder, the Undersigned shall comply with, in addition to terms and
condition of this Agreement or any other special provisions, the Uniform Customs and Practice for Documentary Credits, the
Uniform Rules for Collections, the International Rules for the Interpretation of Trade Terms, as well as rules related
to foreign exchange administration, published by International Chamber of Commerce. In case of amendment to any of the above rules,
the Bank may, subject to such amended rules, opt to change, adjust or terminate this Agreement and the Undersigned will not raise
any objection thereto.

 

13.    This Agreement shall be performed
in Banqiao Branch of the Bank. The undersigned agree that the Taipei District Court or the New
Taipei District Court, Taiwan will be the court of first instance having jurisdiction over all actions arising from or
in connection with this Agreement. 

 

Part II     Special Provisions

 

Intentionally Omitted.

 

D/A, D/P, O/A financing

 

		1.	The term of each loan shall not exceed 180 days.

		2.	The interest shall be calculated based on ______ or at the rate recorded
in the Drawdown Request.

		3.	For the import loan granted under this line of credit, the Bank may pay
the foreign capital payable under D/A, D/P, O/A which Borrower entrusts the Bank to deal with after granting such import loan.

 

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		4.	Borrower may apply to the Bank for loan under D/A, D/P, O/A in any other
foreign currencies, but each loan shall be denominated in USD at the exchange rate designated by the Bank and shall be deemed part
of the line of credit under this Agreement.

		5.	For the purpose of applying for import under D/A, D/P, , subject to the
approval of the Bank, Borrower may apply to the Bank for shipping guarantee or sub-bill of landing endorsement to the extent of
the agreed upon line of credit. Borrower shall submit the affidavits (specific to import collection shipping guarantee or sub-bill
of landing endorsement) and all the deeds and documents as required by the Bank. The Undersigned and the Guarantor undertake to
be liable for any damages suffered by the Bank in accordance with the amounts and provisions in each affidavits and relevant documents
until the shipping documents are delivered to the Bank and the Principal carries out bill acceptance or makes the payment therefor.

		6.	When Borrower applies for loan under D/A, D/P or O/A, it may submit the
Drawdown Request, promissory note or any other creditor’s right certificate,
	 	 	 
	 	 	The Bank will not be liable
for any losses or depreciation of all or any part of the products purchased or sold hereunder as a result of marine perils, piracy,
flood, fire or any other force majeure event, or refused claim settlement or insufficient settlement or delay in indemnification
or otherwise, thus making import or export impossible.

 

The undersigned
represent that they were given a reasonable period of time to review this Agreement and that they have thoroughly read, understood
and hereby accept in full the provisions of this Agreement as follows:

 

Acknowledged
and accepted by :

 

Borrower
:

Applied Optoelectronics,
Inc., Taiwan Branch.

Responsible
Person: Thompson, Lin

Address: 7F.-1,NO.700, Jhongjheng Rd., Jhonghe District , New Taipei City 23552, Taiwan

 

By:          /s/
Chih-Hsiang (Thompson) Lin

                (By seal)

 

By:          /s/
Applied Optoelectronics, Inc.

                (By corporate seal)

 

Date: December 31, 2013

Credit
number: 009977

 

    	6Exhibit 10.14

 

Credit
Facility Agreement 

of

Mega
International Commercial Bank

 

Reference number: zhaodunyuezi no. A102322

Client: Applied Optoelectronics, Inc., Taiwan
Branch

 

Applied Optoelectronics, Inc., Taiwan Branch
(the “Borrower”) and Mega International Commercial Bank (the “Bank”) hereby agree that the Borrower shall
be bound by the following terms and conditions for all the credit granting transactions with the Bank.

 

General conditions

 

Article 1: Scope of Application

 

This Agreement sets forth the general terms
and conditions of all the credit granting transactions between the Borrower and the Bank, and unless otherwise provided by any
other agreements, shall apply to all the credit facility granted hereunder. This Agreement shall come into effect upon being executed
and returned to the Bank by the Borrower.

 

Article 2: Definition of Bank

 

For the purpose of this Agreement, the Bank
includes the general management department and the branches thereof.

 

Article 3: Scope of Indebtedness

 

The indebtedness under this Agreement refers
to all the bills, loans, advance payments, securities or other debts owed by the Borrower to the Bank, including the interest,
late payment interest, default penalty, damages and any other expenses payable by the Borrower.

 

Article 4: Adjustment of the Amount and
Extension Date

 

With respect to any loan to be granted to the
Borrower, if the Bank is short of cash or the extension of such loan would make the Bank in breach of laws, the Bank may adjust
the extension date and the amount of such loan, provided that any non-extended loan for which the undertaking fee has been paid
by the Borrower shall be returned by the Bank in proportion to the amount of such non-extended loan.

 

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Article 5: Delivery of Documents

 

Any repayment request or notice given by the
Bank hereunder to the Borrower shall be deemed to have been made when such request or notice has been delivered to the address
most recently provided by the Borrower. In the event that the recipient or its agent fails to notify the Bank of any change of
such address, or the Bank fails to deliver any of its request or notice to the address most recently provided by the Borrower for
any other reasons, such request or notice shall be deemed to have been received by the recipient after a reasonable mailing period
from the date the Bank delivers such documents to the post office.

 

Article 6: Calculation of Interests

 

The Borrower shall pay interest to the Bank
per month for all the loans extended by the Bank at the rate set forth in the relevant credit agreement. In the absence of such
rate, the base interest rate published by the Bank on the date its creditor’s right occurs shall apply.

 

Article 7: Non-responsibility for
Verification of Seal

 

With respect to any bills issued, or secured
or endorsed by the Borrower for the credit granted by the Bank, if the seal of the Borrower is stolen without the Bank being aware
of it or the seal is forged and the Bank has performed to the largest extent its duty of care, the Applicant shall indemnify the
Bank against any losses suffered by the Bank. With respect to the certificate of indebtedness, letter of guarantee or other documents
held by the Bank for the credit granting, if the Bank can prove that it has provided the loan to the Borrower or issued a letter
of guarantee to the beneficiary pursuant to the credit agreement, the Borrower shall not deny the existence of the credit relationship
on the excuse of the seal of the Borrower being forged or stolen. The Borrower shall inform in writing the Bank of any change of
name, organization, articles of association, person in charge, or any other changes which may have material impact on the operation
of the Borrower, and provide the Bank with the application for changing or deregistering the seal. The Borrower shall assume the
full liability for any transactions with the Bank before it informs the Bank of such changes. Before the Borrower obtains the approval
of the Bank and completes the formality for changing or deregistering the seal, the seal kept by the Bank shall remain valid. The
Borrower shall be fully liable for any consequences in connection with the use of the original seal in any transactions with the
Bank. The above provisions shall apply to any losses caused by the original seal being stolen or forged.

 

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Article 8: Assumption of Risks related
to defacement or loss of Bills

 

In the event that any bills, evidence of debt
or any other supporting documents issued, endorsed, accepted or secured by the Borrower evidencing the indebtedness owed to the
Bank are defaced or lost due to any accidents, force majeure or any other reasons not attributable to the Bank, or such bills,
evidence of debt or other debt certificates are altered other than in connection with the gross negligence of the Bank, unless
the Borrower can prove that any book account, voucher, computer generated documents or correspondence of the Bank contains mistakes,
which mistakes shall be corrected by the Bank, the Borrower shall fully acknowledge all the information recorded in such documents
and undertake to repay all the costs, default penalty, principal and interest when due.

 

Article 9: Loss of term rights

 

		1.	In any of the following circumstances, the Bank may reduce at any time the line of
credit or shorten the term of the loan granted to the Borrower or deem such loan immediate due and payable without giving prior
notice or reminder letter:

  

		(1)	the Borrower fails to repay the principal of any debt when due;

		(2)	the Borrower petitions for compromise, bankruptcy, reorganization according to the Bankruptcy Law,
receives the refusal notice from the clearing house, is wound up or liquidates its debts;

		(3)	the Borrower fails to perform its obligation to provide security;

		(4)	the Borrower dies and his successor declares limited succession or abandons inheritance;

		(5)	the property of the Borrower is declared to be confiscated due to any criminal offence;

 

		2.	In any of the following circumstances, the Bank may reduce at any time the line of credit
or shorten the term of the loan granted to the Borrower or deem such loan immediate due and payable by giving a reasonable prior
notice or reminder letter:

  

		(1)	the Borrower fails to repay the interest of any debt when due;

		(2)	the collateral of the Borrower is attached, lost, devalued or is unable to cover the secured claim;

		(3)	the purpose of the funds provided by the Bank is not consistent with that authorized by the Bank;

		(4)	the Borrower is subject to enforcement or provisional attachment order, provisional injunction,
or any other preservation measures,

 

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Article 10: Inspection of Property and
Disposal of Documents

 

The Borrower shall be subject to the supervision
of the purpose of the credit, the inspection of the business and finance and the examination and control of the collateral by the
Bank, and shall provide the Bank with direct access to any relevant account books, financial statements (including the consolidated
financial statements), vouchers and documents. The Bank may also, if necessary, require the Borrower to provide such credit checking
materials or the financial statements audited by an account firm acceptable to the Bank on a regular basis, and require such account
firm to provide the working paper and deliver a copy of such financial statements to Joint Credit Information Center by giving
notice to the Bank. In the event that the Bank believes that any financial statements or any other documents submitted by the Borrower
to the Bank contain false information, the Borrower shall be deemed in breach upon notice from the Bank. However, the Bank is not
obligated to make such supervision, inspection, examination, control or review. In the event that the Bank believes that the financial
structure of the Borrower needs to be improved, it may require the Borrower to effect such improvement.

 

The Borrower agrees that the Bank may provide
the Borrower’s creditworthiness report issued by the Bank, credit facility documents (including records of delay in payment,
reminder letter and bad loan), the Borrower's financial documents, paper credit materials, individual credit materials, credit
card (including IC card and magnetic stripe card) materials and the credit materials of credit card’s appointed stores, as
well as any other documents related to credit facility, to the Small and Medium Enterprise Credit Guarantee Fund (SMEG) or any
organization appointed by the SMEG, for collection, computer processing, use and international transmission, and to Joint Credit
Information Center for filing. The Borrower agrees that Joint Credit Information Center may provide such materials and documents
to any of its member agencies.

 

Article 11: Setoff Right

 

Regardless of the maturity date of any debt
or claim, the Bank shall have the right to dispose of all the deposits and creditor's rights of the Borrower against the Bank (excluding
check deposit) and apply such proceeds toward payment of the Borrower's debt. The Borrower acknowledges and agrees that in case
of any default under any deeds between the Bank and the Borrower, if the Bank intends to reduce the line of credit or reduce the
term of the loan or declare that such loan becomes immediately due and payable, then the deposit check executed between the Borrower
and the Bank shall automatically become invalid, in which case, the Bank will immediately return the remaining amount and apply
such amount to be returned toward payment of any of the Borrower's debts. The above setoff provision requires that the setoff will
immediately come into effect when such setoff is recorded in the book account, and any deposit receipts, books, checks or any other
certificates shall become invalid to the extent of such setoff.

 

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Article 12: Setoff Priority

 

In the event the proceeds are not sufficient
to cover all the debts owed to the Bank and the method and order of such setoff shall be subject to the Civil Act, provided that
the default penalty

 

Article 13: Assumption of Expenses

 

In the event that the Borrower is the subject
to a litigation due to failure to perform its obligations, the Borrower agrees that the credit investigation expenses, storage
cost, legal fee (to the extent of the amount paid to the attorney engaged by the Bank if it is unable to litigate on its own) and
any other necessary costs incurred by the Bank in exercising or preserving its claims against the Borrower shall be borne by the
Borrower, unless the court decides that there is no creditor's right against the Borrower.

 

Article 14: Entrustment

 

The Borrower agrees that in light of the business
need, the Bank may entrust its business to any other organizations pursuant to the Finance Department, and may provide such entrusted
organization with relevant material, provided that such entrusted organization shall be bound by the relevant laws and regulations
and the confidentiality obligation when processing through computer or use any materials of the Borrower. The Borrower may consult
with the Bank in respect of the type of information to be disclosed to such entrusted organization and the name of such entrusted
organization.

 

Article 15: Competent Jurisdiction

 

The undersigned agree that the _______
District Court or the Taipei District Court, Taiwan will be the court of first instance having jurisdiction over all actions arising
from or in connection with the indebtedness owed by the Borrower to the Bank.

 

Special Provisions 

 

Article 16

With respect to the debts guaranteed by the
Borrower, if the main debtor does not perform its contractual obligations and the Bank deems it necessary to allow the main debtor
to defer or amortize the payment upon request by such main debtor, it shall notify in writing the Borrower, in which case, the
Borrower agrees to continue to perform its guarantee obligations as to all the debts after the written notice of the Bank is given
or deemed given.

 

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Article 17

In any of the following circumstances, the
Bank may reduce at any time the line of credit or shorten the term of the loan granted to the Borrower or deem such loan immediate
due and payable without giving prior notice or reminder letter:

(1) the Borrower provides any untrue financial
report or materials to the Bank, resulting in the mistaken assessment by the Bank, thus causing the Bank make mistakes in its assessment,
or intentionally hide or misrepresent any facts in dealing with the Bank, thus causing the Bank make mistakes;

(2) any permit or license used by the Bank
to authorize the purpose of any fund is suspended or revoked;

(3) any capital authorized by the Bank is used
in Mainland China.

 

Article 18

 

In any of the following circumstances, the
Bank may reduce at any time the line of credit or shorten the term of the loan granted to the Borrower or deem such loan immediate
due and payable by giving a reasonable prior notice or reminder letter:

(1) any bills used by the Borrower or its person
in charge is not honored and no registration is made;

(2) any bill provided by the Borrower for repayment
is not accepted;

(3) the Borrower delays in payment of its debt
owed to any financial institution;

(4) the Borrower puts any of its property under
custody of a third party without the approval of the Bank;

(5) the Borrower neglects to take out or renew
any proper fire insurance (including the earthquake insurance) for the collateral;

(6) the Borrower is merged into or with any
other company or is split or reduces its registered capital;

(7) the Borrower is in breach of any provisions
of this Agreement.

 

Article 19

In the event that the Borrower allows the Bank
to put under custody or transfer any claims (including the creditor's rights guarantee) against the Borrower to a third party pursuant
to the applicable regulations on securitization of financial assets, the Bank may adopt the public announcement as set forth in
such regulation in lieu of giving a transfer notice.

 

Article 20

 

The Borrower agrees that the Bank may, for
the purpose of such transfer, provide the relevant creditor's rights documents to such transferee and debt value inspector, provided
that the Bank shall procure such persons to comply with the Bank Law, Computer processing protection law and any other applicable
laws, and shall not disclose such information to any third party.

 

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Article 21

 

The Borrower x
agrees □ does not agree that the Bank may disclose
or transfer any of its clients accounting, credit, investment or insurance documents held by or filed with the Bank, to Mega Financial
Holding Co., Ltd and any subsidiaries thereof listed below and selected by the Borrower by checking a box, for the purpose of advertisement,
marketing or provision of service, provided that such holding company or subsidiary shall take any necessary confidentiality measure
to protect such documents (if the Borrower does not select "agree", or selects "agree" without selecting the
subsidiaries which may use such materials, or the seal page is left blank or the seal is not compliant, the Borrower shall be deemed
to have selected "does not agree":

 

□ Mega Securities Co. Ltd.

□ Chung Kuo Insurance Company

□ Mega Bills Finance Co. Ltd.

□Mega Life Insurance Agency Co. Ltd.

□Mega International Investment Trust
Co., Ltd.

□Mega Asset Management Co., Ltd.

□Mega Venture Capital Co., Ltd.

□All of the above companies

Even if the Borrower accepts this article,
it can disagree at any time in the future by telephone, in writing or dealing in person with the Bank, thereupon, the Bank will
notify Mega Financial Holding Co., Ltd and the selected subsidiaries to not to send any materials and exchange of client's documents.

 

Article 22

 

This Agreement is signed and sealed by the
Borrower in person. Any future credit facility agreement between the Borrower and the Bank affixed with any of the signature or
seal of the Borrower will be valid.

 

    	7

    	 

    

 

The Borrower hereby represents that it has
read and is fully aware of the provisions of this Agreement before executing this Agreement.

 

Borrower: Applied Optoelectronics, Inc., Taiwan
Branch

Reference number: 28410552

Responsible person: Thompson, Lin

Identity card number:

 

	By:	/s/ Chih-Hsiang (Thompson) Lin
	 	(By seal)
	 	 
	By:	/s/ Applied Optoelectronics, Inc.
	 	(By corporate seal)

 

Date : December 20, 2013

Address: 7F.-1,NO.700, Jhongjheng Rd., Jhonghe
District , New Taipei City 23552, Taiwan

 

 

 

 

 

 

 

 

 

 

 

 

 

    	8

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