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Item 1.01 Entry into a Material Definitive Agreement.

On December 29, 2021, Applied Optoelectronics, Inc. (the "Company") executed aSixth Amendment to Loan Agreement and a Fifth Amendment to Security Agreement, aNote Modification Agreement, and an Addendum to Promissory Note (together the"Amended Credit Facility") with Truist Bank (the "Lender"). The Amended CreditFacility extends the $20 million line of credit with Lender, originally enteredinto on September 28, 2017 (the "Credit Line"), until April 15, 2023.

Borrowings under the Amended Credit Facility will be used for general corporatepurposes and will bear interest at a rate equal to the Secured OvernightFinancing Rate (SOFR) plus 1.56%, with a SOFR floor of 0.75%. The Company willmake monthly payments of accrued interest with the final monthly payment beingfor all principal and any accrued interest not yet paid.

The Company's obligations under the Credit Line is secured by the Company'saccounts receivable, inventory, intellectual property, all business assets withthe exception of real estate and equipment. The Credit Line requires the Companyto maintain certain financial covenants and also contains representations andwarranties, and events of default applicable to the Company that are customaryfor agreements of this type.

The foregoing description of the Amended Credit Facility does not purport to bea complete statement of the parties' rights and obligations under such documentsand is qualified in its entirety by reference to the full text of the SixthAmendment to Loan Agreement and Fifth Amendment to Security Agreement, the Notemodification Agreement, and the Addendum to Promissory Note, dated December 29,2021, copies of which are attached as Exhibit 10.1 through 10.3 to this CurrentReport on Form 8-K and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

The information contained in Item 1.01 of this Current Report on Form 8-K withrespect to the Amended Credit Facility is incorporated by reference herein andmade a part hereof.

Item 9.01 Financial Statements and Exhibits.

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APPLIED OPTOELECTRONICS, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an...