Document:

Exhibit 10.1

 

Mega International Commercial Bank

 

 

 

 

Comprehensive Credit Extension Contract

 

S/N: 敦化授字第NO.
L103322

Client: Applied Optoelectronics, Inc., Taiwan
Branch

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

Comprehensive Credit Extension Contract

 

Applied Optoelectronics, Inc., Taiwan
Branch (“Contractor”) and Mega International Commercial Bank (“Bank”), in light of the need
and convenience of multiple credit relationships between the parties, hereby consolidate all the credit relationships and make
this Comprehensive Credit Extension Contract (“Contract”). The credit extensions between the parties, excluding those
governed by any credit agreement or other agreements between the parties, as agreed hereby, shall be governed by the following
terms and conditions.

 

Article 1. Credit Types

The types of credit to be extended hereunder
shall be the following ones marked with “V”:

	V Loan for Purchasing Materials	□ Overdraft 
	□ Loan for External Sales	□ Guarantee for Instruments by Mandate 
	V Loan for Business Operation	□ Acceptance of Instruments by Mandate 
	□ Discount	V Guarantee for Mandates 

 

Article 2. Aggregate Line of Credit

The aggregate line of credit hereunder shall
be, on a revolving basis, Four Million US Dollars or the equivalent of that amount in any other currency.

The aggregate line of credit in the paragraph
hereinabove shall mean the maximum sum totaling up the actual available amounts of all the credits in the Article hereinabove.
The aggregate amount of funds available to Contractor under the credits hereunder shall be not more than the aggregate line of
credit as specified in this Article.

The line for each type of credit hereunder
shall apply solely to the specific credit. The amount allowed Contractor under a given credit shall not exceed the line for the
credit.

When Contractor uses any credit pursuant to
a pre-existing credit extension contract, any outstanding debt that is not paid shall be incorporated into the aggregate line and
the separate line as specified in the two paragraphs hereinabove.

Where any credit that Contractor uses involves
any foreign currency, if the separate or aggregate line is exceeded due to the fluctuation of the exchange rate or for causes whatsoever,
the balance shall become immediately due and payable by Contractor.

 

Article 3. Availability Period

The availability of the credits hereunder shall
be from November 28, 2014 to November 27, 2015. Contractor shall, pursuant to the conditions herein and during the period specified
in this Article, file a request and obtain the consent from Bank in ways and by presenting documents agreed between the parties,
before it may use such credits.

 

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Article 4. Base Interest Rate and Adjustment

The base interest rate of Bank shall be
the overnight call money rate of the financial industry, plus the cost and a reasonable profit of Bank, provided that Bank may
re-adjust the cost and the reasonable profit in light of the market condition, the financial cost and the business condition. 

 

Where the interest rate for the credit hereunder
shall be the base interest rate plus a certain percentage of Bank upon the conclusion of this Contract (the base interest rate
being 2.875% annually upon the conclusion of this Contract), Contractor shall agree to comply with the base interest rate as adjusted
on the date of such adjustment by Bank. In the case of any adjustment to the base interest rate following the conclusion of the
Contract, Contractor shall agree that such adjustment may be published at the business venue of Bank and to be bound by such adjustment.

 

Article 5. Liquidated Damages and Interest
Rate for Delay

Contractor who delays the repayment of any
principal or interest shall be liable for a penalty which is 10% of the agreed interest rate for the first six months of delay
and 20% of the agreed interest rate thereafter as of the date that such principal or interest falls due and payable.

Contractor who fails to repay the principal
pursuant to this Contract shall be liable for the penalty specified in the paragraph hereinabove, as well as interest for delay
at the agreed lending rate plus 1% of annual interest rate. In the case of debts guaranteed by Bank, Contractor shall be liable
for the penalty specified in the previous paragraph in this Article, as well as interest for delay at the base interest rate at
the date of the advancement by Bank plus 3% of the annual interest rate.

 

Article 6. Exchange Rate Risk

Any foreign-currency debt that Contractor may
incur as a result of any credit hereunder shall be repaid by Contractor using the foreign currency or New Taiwan Dollars. Contractor
who repays the debt using New Taiwan Dollars shall agree that Bank may select and apply the spot exchange selling rate of Bank
on the maturity or repayment date of the debt, provided that any repayment ahead of schedule shall be subject to the consent of
Bank.

 

Article 7. The conditions and contents of credits
hereunder shall be as follows:

 

Loan for Purchasing Materials 

I. The purpose of the loan shall be for Contractor
to purchase any raw materials or supplies or to pay for any intangible trade.

II. The line of credit shall be, on a revolving
basis, Four Million US Dollars or the equivalent of that amount in any other currency.

 

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III. Interest Rate.

(I) Interest rate standards:

1. For US Dollars, the interest
rate shall be the 1-month, 3-month or 6-month LIBOR rate plus 1% of annual rate and then divided by 0.946, with any amount of the
TAIFX rate exceeding 0.3% of the LIBOR rate on the same term to be borne by Contractor.

2. For New Taiwan Dollars, the
interest rate shall be the base lending rate of New Taiwan Dollars plus 0.76%.

3. For other currencies, the interest
rate shall be the borrowing cost of Bank plus 1.0% of the annual rate and then divided by 0.946%.

(II) The interest shall be collected
on a monthly basis.

(III) The interest on the loan shall
begin to accrue upon the date that the payment is advanced by Bank or made by any other foreign bank.

(IV) In the case of the acceptance
of a bill of exchange, Contractor shall be liable for a commission pursuant to the rate and terms as follows:

The annual rate shall be 1% and
shall fall due and payable on a three-month basis at a rate of 0.25%. 

 

IV. Repayment Period.

(I) Contractor shall agree to repay
the loan within 180 days as of the date of advancement by Bank.

(II) For
the acceptance of bills of exchange, the period from the acceptance date to the maturity date of the bill shall be not more than
180 days. Upon maturity, the bill shall be paid by Contractor or advanced by Bank as per the request of Contractor, provided that
the totaling of the advancement period and the acceptance period shall be not more than 180 days.

(III)
Contractor shall, for the purchase of any domestic supplies, obtain the consent of Bank and request Bank to issue a domestic letter
of credit and to accept or pay for the bill of exchange or any other document opened by the beneficiary of the letter of credit,
provided that the repayment period shall not be more than 180 days.

(IV) If
the supplies purchased using the credit extended hereunder are sold ahead of schedule, the repayment of the loan shall be made
earlier accordingly.

V. Use of Credits
and Conditions

(I)
The loan is used when Contractor requests Bank to issue a letter of credit. Contractor shall pay a certain percentage that Bank
specifies as the margin over the letter of credit. For the remaining amount of the credit, Contractor shall apply to Bank for
an advancement or acceptance by presenting a loan request form, an application for issuing a letter of credit, or transaction
documents.

(II) Contractor
who shall pay for goods through D/P, D/A, O/A or T/T other than L/C shall, subject to the consent of Bank, request Bank to advance
100% of the amount of the transaction by presenting a loan request form and the transaction document. The repayment period of
each loan shall be not more than 180 days.

 

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VI. Contractor
may, in light of its actual needs for business transaction and subject to the consent of Bank, substitute the special stamp for
import and export as approved by the competent authority for the seal or signature left on the credit agreement.

VII. The credit
amount hereunder may, subject to the consent of Bank, be converted into an equivalent of the same amount in any other currency,
provided that after conversion to a New Taiwan Dollar amount, no further conversion shall be conducted into any other foreign
currency. In the case that the principal and the interest shall be paid altogether, any lending interest over the original currency
amount prior to the conversion shall be paid by Contractor upon the conversion.

The exchange date
and rate shall be negotiated by and between the parties. Any excessive amount over the line of credit hereunder as a result of
currency conversion shall be repaid by Contractor immediately.

VIII. In the case
of a documentary letter of credit hereunder, any excessive documentary amount over the advancement agreed to by Bank upon the
issuing of the letter of credit shall be, subject to the consent of Bank to advance the same, included in the available amount
of the credit hereunder, which shall be repaid by Contractor.

IX. Contractor
shall agree that related business, responsibilities and obligations under the letter of credit hereunder be governed by the Uniform
Customs and Practice for Documentary Credits (UCP) issued by the International Chamber of Commerce, as well as relevant international
provisions to interpret the conditions for trade, which are incorporated herein by reference.

X. Contractor shall
procure insurance and pay the premium for the goods purchased under the letter of credit hereunder, pursuant to conditions satisfactory
to Bank and including Bank as the primary beneficiary beforehand.

 

Loan for Business
Operation 

I. The purpose
of the credit shall be for Contractor to use as working capital in the normal course of business.

II. The line of
credit shall be, on a revolving basis, One Hundred and Twenty-Four 
Million New Taiwan Dollars.

III. Interest.

(I)
The standard interest rate shall be the base lending rate of New Taiwan Dollars plus 0.76%.  

(II)
The interest shall be paid on a monthly basis. 

IV. The repayment
period shall be not more than 180 days for each loan.

V. Credit Use and
Conditions: The loan shall be used by presenting the loan request form.

 

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Guarantee for
Mandates 

I. The purpose
of the credit shall be for Contractor to request Bank to provide guarantees for purposes instructed by Contractor.

II. The line of
credit shall be, on a revolving basis, Four Million US Dollars or the equivalent of the same amount in any other currency.

III. The commission
charge shall be, at an annual rate of 0.7%, calculated on the basis of the actual days of the guarantee validity, with the
minimum charge being Four Hundred New Taiwan Dollars.

IV. The scope of
the guarantee shall be solely for opening customs duty accounts. 

V. Terms of Guarantee:
The guarantee shall be issued for opening a customs duty account as instructed by Contractor, subject to the consent of Bank,
for a maximum period of one year. 

VI. The guarantee
made in the form of a letter of credit shall be governed by the current Uniform Customs and Practice for Documentary Credits
or the International Standby Practice issued by the International Chamber of Commerce at the time the letter of credit
is issued.

VII. Bank shall,
when performing the guarantee obligation, only conduct a documentary review of the documents that the beneficiary of the guarantee
presents when requesting Bank to perform such obligation, and shall determine at its sole discretion whether to fulfill the guaranteed
debt. It shall be unnecessary for Bank to consider the substance of any goods, services or other acts as guaranteed.

VIII. When the
beneficiary of the guarantee requests Bank to perform the guaranteed debt, Contractor shall repay the debt immediately and if
the debt is in any foreign currency, repay the same by raising the foreign exchange amount solely by itself.

 

Article 8. Miscellaneous
Clauses Negotiated Separately

I. Contractor
may issue an usance letter of credit for buying or selling within or without the country. 

II. The Contractor’s
headquarter company shall place a deposit with Bank as a pledge, which is 100% of the remaining balance of the credit available
hereunder. If the deposit is in a currency different from that of the credit hereunder, the deposited amount shall be calculated
at the current foreign exchange selling rate of Bank or not more than 95% of the deposited amount. If during the period of the
credit hereunder, the fluctuation of the foreign exchange rate causes the deposited amount to be less than 100% of the remaining
credit amount, Contractor shall, upon the notice of Bank, immediately make up the balance of the pledge with Bank. 

III. Contractor
agrees that in the event of any dramatic change to the interest rate in the market for any loan in any currency hereunder, the
parties shall re-negotiate the interest rate depending on the market situation, subject to the limit set out by law. 

IV. This Contract
shall be made into two originals and one duplicate, with Bank holding one original and one duplicate and Contractor holding the
other original. 

 

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(I)
MEGA INTERNATIONAL COMMERCIAL BANK

Responsible
Person: Cai Youcai 

Principal
Agent: Zhou Peizhen, Manager of Dunhua Branch 

Address:
88-1, Dunhua Road North, Songshan District, Taipei 

 

Contractor
hereby acknowledges that it has read and fully understands all the provisions hereinabove during the reasonable period before
it attaches its signature and seal as follows. 

(II)
Contractor: 

APPLIED
OPTOELECTRONICS, INC. TAIWAN BRANCH 

Uniform
Business No. 28410552 

Responsible
Person: Lin Chih-Hsiang 

Addresss:
No.18, Gong 4th Rd., Linkou District, New Taipei City 24452, Taiwan (R.O.C.)

 

 

Date:
March 25, 104 year of the Republic of China’s Era.

 

    	7AGREEMENT

EXHIBIT 10.9

Contract for the provision of professional services held between Social Reality, Inc. represented by C. Christopher Miglino who from now on and for effects of the this contract will be named “The Client” and SERVICIOS Y ASESORIAS PLANIC, S.A. DE C.V represented in this act by his legal representative the C. CLAUDIA CASTILLO MONTAÑO to whom hereinafter called "The service provider", subject both parties in accordance with the following statements and clauses:

STATEMENTS

1.

“The Client” declares:

a.

To be an American society properly constituted in accordance with the constitutive agreements and under the denomination of Social Reality, Inc.

b.

That for the effects of this contract it indicates like registered office located in 456 Seaton ST. Los Angeles, CA 90013.

c.

That requires the services of "Service Provider" to carry out the actions taken with regards to this contract, consistent services and administrative operation.

2.

"The Service Provider" declares:

a.

To be a Mexican society properly constituted in accordance with the Mexican laws and under the denomination of SERVICIOS Y ASESORIAS PLANIC, S.A. DE C.V as stated in the Scripture No.47, 939 before Lic. Luis Ricardo Duarte Guerra, notary public No.24 dated the 26th of the month of September 2012.

b.

Federal registry of contributors SAP110927NY5

c.

That for the effects of the this contract it indicates as the registered office located in Insurgentes Sur 1877 floor 1 office 101, Colonia Guadalupe Inn Mexico District Federal C.P. 01020 delegation Álvaro Obregón.

d.

Your representative has the necessary authority to force her under the terms of this agreement.

e.

As part of its social purpose is mainly the provision of services for advising, monitoring, operation and administration of all types of companies and businesses and in particular, in the field of human resources, as well as the provision of services to cover temporarily temporary vacancies or any of the companies that so require, with the technical means, administrative organization, economic capacity and the experience necessary to adequately provide such services.

Both parties declare that by his own will want to celebrate the present contract, same that fasten to the tenor of the content of the following:

CLAUSES

FIRST. - The SUBJECT OF THE CONTRACT. - "The client" hires "The service provider" to provide this and who agrees to  provide the services professionals whose  intent was expressed in paragraph d) of the Declaration which above referred that it precedes and to which one refers in the following Clause, in the terms, form and conditions that are established in the present instrument.

SECOND. - DESCRIPTION OF THE SERVICES. - "The Service Provider" agrees to provide “The Client” the services of part-time or full time employees administration that “The Client” needs, prior request to the same one, to satisfy its needs for work, at the address of "The Client" or in which the same designates. For such purposes, “The Client” should provide to "The Service Provider" the necessary information and the requirements of the employees to hire, for the proper development of the work activities required during the time required to do so.

THIRD. - SALARY AND BENEFITS. - "The Service Provider" will pay its employees providing services to "The Client" salaries and allowances, as well as taxes and tax rights, labor and social services in accordance with the legal provisions relating to them, which are a cost of service for "The Service Provider". The expenses to undertake "The Service Provider" in favor of their employees, are the following: salaries, overtime that is occasional, additional payments to salary, 15 days of annual bonus or proportion, 6 days of vacation per year or proportion, 25 percent of vacation allowance, vacation, employer contributions to the I.M.S.S. and INFONAVIT, SAR 2.5 % on payroll, as well as all those benefits to which, in its time, is secured "The Service Provider" derived from the employment relationship.

FOURTH. - CONSIDERATION OF THE SERVICE. - "The client" shall pay “The Service Provider” as consideration of the Service contracted, an amount equivalent to the result of adding the concepts set forth in the third clause, added to that amount a 8% Commission by payroll administration. In the event that the staff members who were assigned to "The Client" was hired

full time, this would recognize their rights acquired by "The Service Provider", who will receive or charge a month of salary of the employee, any time the employee has been recruited by “The Service Provider" will issue the corresponding invoice every 14 days, added and broken down the I.V.A. to "The Client", the payment shall be made to "The Service Provider" to the next week as maximum that the invoice has been submitted for review as this guarantees the timely payment of the next two weeks.

FIFTH. - END OF THE CONTRACT. - Both parts agree that this contract will apply from the date of its signature until January 25th, 2014. Also, they agree that the this contract will be able to be considered finished in advance to the previous date, in any moment and without any responsibility for the part that it of for completed, previous or prior notice in writing that of to another part, with at least 30 calendar days of anticipation to the date in which it is desirable to make the completion effective.

In case “The Service Provider” has more than 10 workers placed for “The Client”, will agree between both parts a schedule to terminate the personnel in dates distributed reasonably inside a maximum period of 30 days later days after the date of notice of termination.

SIXTH. - ADDITIONAL INFORMATION.- Both parties agree that the information and documents that will to be provided by "The client" to "The Service Provider" or to its employees, or in any way that is obtained by "The Service Provider", as well as the product related to the tasks performed by its employees, in virtue of the benefits of the service subject matter of this contract are the property of "The Client" and, therefore they remain forced to consider its content as confidential, being prohibited to spread it or to publish it without the authorization previous or prior written authorization of "The Client".

SEVENTH. - SUPERVISION AND MONITORING OF THE SERVICE. - "The Client" shall have at all times the right to supervise and monitor the services provided by "The Service Provider", and may also suggest writing instructions and comments that it deems appropriate, related to the services subject to this agreement.

EIGHTH. - AMENDMENT TO THE CONTRACT. - both parties agree that any modifications to the provisions agreed upon in this document will be made in writing and shall be attached to the same so that they act as an integral part of this instrument. "The Service Provider" agree that you will not reassign or transfer this agreement without the written permission of “The Client"

NINTH. - CHANGES TO THE PRICE OF THE SERVICE. - "The Service Provider " shall notify in writing and negotiating with "The client" changes in the cost of the service that may be presented, by changes to the minimum wage, taxes or that it imposes the Federal Government, or that they added to the Federal labor law or any other law.

TENTH. - QUALITY OF SERVICE. - "The Service Provider" agrees to comply with the requirements of quality of service that "The client" prompted during the development of the activities covered by this contract.

ELEVENTH. - TERMINATION AND COMPLETION. - There will be cause of rescission of this contract the nonperformance of any of the parts to the obligations that are assumed under this document. If "The client" decide to terminate the contract with "The Service Provider" for failure to comply with any clause, should notify previously to that in a period of 15 days "The providers of a Service" to restore the damage. If the last period has not been corrected the breach, the contract shall be terminated.

"The Service Provider" admits that, for effects of the object of the this contract, there is no element of subordination between "The Client" and the staff who hire or have hired "The Service Provider", which obligation to maintain "The Client" in peace and safe from any claim that may arise on the occasion of conflicts or responsibilities of employment with personnel provided by "The service provider".

"The service provider" agrees to accept to be the only obliged and responsible to comply with all the responsibilities of hiring in the terms of the Federal Labor Law, Social Security Act and any other Federal State or City Laws, applicable disposition as regards the personnel that is hired for the service of service established in this contract.

In case of direct termination applied to the employees by “The Client” and without intervention of “The Service Provider, the arranged will stay without effect in the two previous paragraphs.

TWELFTH. - INTERPRETATION AND JURISDICTION. - Both parts agree that, in relation to all matters not provided for in this contract shall be in accordance with articles 2606 to 2615 and other applicable of the Civil Code of Mexico City and the applicable to the State of Mexico, as extra applicable legal provision of the will of the contracting parties. For its interpretation and implementation, if necessary, the parties expressly submit to the jurisdiction of the Courts of Common Jurisdiction of Mexico City and the State of Mexico, giving up to any one or more other that in reason of your home, neighborhood or any other cause possesses or arrive to purchase.

The parties agree fully to the content and legal effects of this contract, both parties signed in triplicate in accordance to the fit of the present and the margin in the previous, in the city of Mexico Federal District. On 25 January 2013

The contract of rendering of service is made between, Social Reality, Inc., as “The Client” and SERVICIOS Y ASESORIAS PLANIC, S.A. DE C.V, as “The Service Provider”.

''EL PRESTADOR DE SERVICIOS''

—————————————————

CLAUDIA CASTILLO MONTAÑO

Representante Legal de 

Servicios y Asesorías Planic S.A. de C.V.

''EL CLIENTE''

—————————————————

CHRISTOPHER MIGLINO

CEO & Co-Founder 

Social Reality, Inc.

TESTIGO

—————————————————

MONICA ANGELICA AVITIA LEON

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