Item 1.02. Termination of a Material Definitive Agreement.
As previously reported in the Current Report on Form 8-K dated May 7, 2020 by
MoSys, Inc. (the "Company"), the Company received a $579,330 unsecured loan (the
"PPP Loan") under the Paycheck Protection Program, which was established under
the U.S. government's Coronavirus Aid, Relief, and Economic Security Act and is
administered by the U.S. Small Business Administration ("SBA"). The PPP Loan to
the Company was made through Wells Fargo Bank, N.A. (the "Lender"), and the
Company entered into a Paycheck Protection Program Promissory Note and Agreement
with the Lender evidencing the PPP Loan.
On June 3, 2021, the Company received a notification from the Lender that the
SBA approved MoSys' PPP Loan forgiveness application for the entire PPP Loan
balance of $579,330 and that the remaining PPP Loan balance is zero.
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