Item 1.01. Entry into a Material Definitive Agreement.

On November 25, 2019 and on December 10, 2019, the Company issued convertible unsecured promissory notes (the "Notes") to J.R. Simplot Company, its largest shareholder, and Trung Doan, its Chairman and Chief Executive Officer, (together, the "Holders") with a principal sum of $1.5 million and $500 thousand, respectively, and an annual interest rate of 3.5%. Principal and accrued interest shall be due on demand by the Holders on and at any time after May 30, 2021. On February 7, 2020, J.R. Simplot Company assigned all of its right, title and interest in and to Simplot Taiwan Inc.. The outstanding principal and unpaid accrued interest of the Notes may be converted into the Company's common stock based on a conversion price of $3.00 per share, at the option of the Holders any time from the date of the Notes. On May 25, 2020, each of the Holders converted $300,000 of the Notes into 100,000 shares of the Company's common stock. On May 26, 2021, the Notes were extended with the same terms and interest rate for one year and matured on May 30, 2022. And on May 26, 2022, the Notes are extended with the same terms and interest rate for one year and now mature on May 30, 2023.

The foregoing description of the Second Amendment to Convertible Unsecured Promissory Notes are attached as Exhibit 1.1 and Exhibit 1.2 to this Current Report on the Form 8-K (this "Current Report") and are incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.

Exhibit No.                                 Description

1.1             Second Amendment to Convertible Unsecured Promissory Note dated May
              26, 2022 between SemiLEDs Corporation and Simplot Taiwan Inc.

    1.2         Second Amendment to Convertible Unsecured Promissory Note dated May
              26, 2022 between SemiLEDs Corporation and Trung Doan

    104       Cover Page Interactive Data File - the cover page iXBRL tags are
              embedded within the Inline XBRL document.




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