on October 1, 2018, Cohu, Inc. entered into a Credit and Guaranty Agreement, as amended, by and among Cohu, Inc., Certain Subsidiaries of Cohu, Inc. and the lenders (?Lenders?) and Deutsche Bank AG New York Branch, as administrative agent and collateral agent (?DBNY?), (the ?Credit Agreement?) for an aggregate principal amount of up to $350.0 million secured term loan facility (?Term Loan Credit Facility?) subject to certain terms and conditions. The maturity date under the Credit Agreement was October 1, 2025. On February 9, 2024, Cohu entered into a payoff letter for a voluntary prepayment of the Term Loan Credit Facility (the ?Payoff Letter?).

Pursuant to the Payoff Letter, the Company paid a total of $29.4 million to Duetsche Bank, representing the outstanding principal, interest, fees, breakage costs and other amounts owing to the Lenders and thereby terminated the Credit Agreement. No early termination penalty was paid in connection with the Payoff Letter. Pursuant to the Payoff Letter, the Lenders?

commitments to extend further credit to the Borrowers terminated; the DBNY released and terminated all liens or security interests granted to secure the obligations under the Credit Agreement and the Company was unconditionally released from its respective guaranties and obligations under the Term Loan Credit Facility and the Credit Agreement and related loan documents without further action (other than with respect to customary provisions and agreements that are expressly specified to survive the termination). DBNY returned to the Company, for the benefit of the Company, all of the collateral that it had in its possession.