Effective January 4, 2024, Aehr Test Systems terminated the Loan and Security Agreement (the ?Loan Agreement?) dated as of January 13, 2020 with Silicon Valley Bank, which was amended by the First Amendment to Loan and Security Agreement dated as of January 14, 2021, the Second Amendment to Loan and Security Agreement dated as of January 11, 2022 and the Third Amendment to Loan and Security Agreement dated as of January 10, 2023 with the lender. There are no financial covenants in the Loan Agreement.