SEC Contract Filing

Filing Date: 2020-10-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>appliedopto_ex1001.htm
<DESCRIPTION>CREDIT FACILITY AGREEMENT
<TEXT>
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<P STYLE="margin: 0">Exhibit 10.1</P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CREDIT FACILITY AGREEMENT</B></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"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
Credit Facility Agreement (hereinafter the &ldquo;Agreement&rdquo;) is made by and between the undersigned (hereinafter the &ldquo;Customer&rdquo;)
and Taishin International Bank (hereinafter the &ldquo;Bank&rdquo;). In consideration of the extension or continuation of current
and future facilities of loans to the undersigned, and up to the maximum principal amount of (1.&square;NT$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ; 2.&square;$ in (currency);
3.</FONT><FONT STYLE="font-family: Wingdings">&thorn;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">NTD 100 million
and USD 1 million), the Customer agrees to and the terms of the loans approved by the Bank and the following terms and conditions:</FONT></P>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt">1.</TD><TD><B>The term &ldquo;obligations&rdquo; as used herein shall mean any and all current indebtedness, obligations and liabilities
of any kind of the Customer to the Bank, whether for principal, interest, default interest, penalty, indemnity and any costs, expenses,
reimbursements related to the performance thereof, arising out of negotiable instruments, loans, advances, guarantees and any other
obligations related thereto.&#9;In the event that the Customer has signed more than one credit facility agreement, either successively
or simultaneously, the Customer understands that their total liability shall be the sum of the amount and scope stipulated in these
credit facility agreements.</B></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt">2.</TD><TD>Calculation of interest, discount rate, guaranty fees &amp; charges, exchange rate and the default interest and/or penalties
arising therefrom:</TD></TR></TABLE>

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<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">(i)</TD><TD>Interest and Methods of Repayment: pursuant to the interest rate, methods of calculation and repayment stipulated in the &ldquo;Drawdown
Request&rdquo; or other relevant documents.</TD></TR></TABLE>

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<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">(ii)</TD><TD>Discount Rate: as determined by the Bank according to the various indices of interest rates in the money market.</TD></TR></TABLE>

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<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">(iii)</TD><TD>Guaranty Fees and Charges: payable at the time and rates determined and approved by the Bank based on various items of business.</TD></TR></TABLE>

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<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">(iv)</TD><TD>Foreign Exchange Rate: in case of foreign currency debts, the sum shall be converted to New Taiwan Dollars (&ldquo;NTD&rdquo;)
at the Bank&rsquo;s published selling exchange rate on the drawdown date or the date on which the debt occurs; in case of repayment,
the amount shall be converted to NTD at the Bank&rsquo;s selling exchange rate on the date on which the repayment is made. If,
due to any fluctuation of the exchange rate or any other reasons, the amount of the Advance by the Bank under the Agreement exceeded
the maximum principal amount, the exceeded amount shall be immediately paid back by the Customer.</TD></TR></TABLE>

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<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt">(v)</TD><TD>Default Interest and Penalty: except as otherwise agreed, if the Customer fails to make repayment of the principal on the date
such repayment is due, the Customer shall pay default interest at the above-mentioned rate. In the event of any default of repayment
of the capital and/or interest, a past due penalty equivalent to ten percent (10%) of the aforesaid interest rate shall be additionally
paid for the default payment that is overdue within six months; and twenty percent (20%) thereof for the default payment that is
overdue for more than six months, calculated from the date on which the repayment is due for the principal, and from the date on
which the interest shoul