Assignment of LOAN AGREEMENT
Exhibit 10.5
For Value Received, J. R. Simplot Company, a Nevada corporation (“Assignor”), hereby assigns and transfers all of the Assignor’s right, title and interest in and to the Loan Agreement and all Loan Documents as defined in the Loan Agreement (the “Loan”) by and between SemiLEDs Corporation, a Delaware corporation, as borrower, and Assignor, as lender, dated January 8, 2019, in the original principal amount of $1,500,000 to Simplot Taiwan Inc., an Idaho corporation (“Assignee”), in accordance with and subject to the terms and conditions of the Loan.
This assignment is made without representation, warranty, covenant, or recourse against Assignor.
Dated: January 7, 2024
J. R. Simplot Company
By: ___ /s/ Xxxxx X. Xxxxxxx _
Name: Xxxxx Xxxxxxx
Title: Chairman
Agreed to and accepted:
Simplot Taiwan Inc.
By: _____ /s/ Xxxxx X. Xxxxxxx _______________
Name: Xxxxx Xxxxxxx
Title: Director
SEMILEDS CORPORATION
By: _____/s/ Xxxxxxxxxxx Xxx ______________
Name: Xxxxxxxxxxx Xxx
Title: Chief Financial Officer
