Aehr Test Systems entered into the Second Amendment to Loan and Security Agreement with Silicon Valley Bank which amended the Loan and Security Agreement dated as of January 13, 2020 and the First Amendment to Loan and Security Agreement dated as of January 14, 2021 with the Lender. The Amendment, among other things, increases the available amount of the Revolving Line up to the lesser of (i) $10 million or (ii) the available amount under the Borrowing Base (as defined in the Loan Agreement), allows for borrowing up to $3 million of the available amount based upon Eligible Purchase Orders (as defined in the Loan Agreement), and extends the Revolving Line Maturity Date (as defined in the Loan Agreement) to January 13, 2023. In addition, the Amendment reduces the Applicable Interest Rate (as defined in the Loan Agreement) for Account Advances (as defined in the Loan Agreement) under the Revolving Line to the greater of (a) prime rate plus an additional percentage up to 1.0%, which additional percentage depends on the Company's Adjusted Quick Ratio (as defined in the Loan Agreement), and (b) 3.25%,; and for Purchase Order Advances (as defined in the Loan Agreement) under the Revolving Line to the greater of (a) prime rate plus an additional percentage up to 1.5%, which additional percentage depends on the Company's Adjusted Quick Ratio, and (b) 3.75%.