AAOI enters laser supply agreement with Microsoft, includes change-of-control termination and ROFR

APPLIED OPTOELECTRONICS, INC.

SOW covers manufacturing of lasers per Microsoft specs; milestones run through Dec 2025.
Microsoft has termination right on a change of control and a right of first refusal to acquire AAOI.
Payment tied to milestone completion; per-unit price capped at [***].
Term effective Dec 16, 2022; either party may terminate with 6 months' written notice.
Supplier must build supply chain and pass 2000-hour reliability tests for sample Goods.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APPLIED OPTOELECTRONICS, INC. entered into the SOW with Microsoft Corporation (effective 2022-12-16).

Action: entry
Agreement: supply
Counterparty: Microsoft Corporation
Effective: 2022-12-16

Exact text from the filing

On December 16, 2022, Applied Optoelectronics, Inc. (the “Company”) entered into supply agreement (“the SOW”) with Microsoft Corporation (“Microsoft”), pursuant to which the Company will manufacture certain lasers in accordance with Microsoft’s specifications (“Goods”).

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Source: SEC EDGAR

accession 0001683168-23-002885

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