Item 1.01. Entry into a Material Definitive Agreement.

On June 8, 2022, SunPower Corporation (the "Company") entered into a First Amendment to the Cross License Agreement (the "Amendment") with Maxeon Solar Pte. Ltd. ("Maxeon Solar"), a Singapore corporation and a wholly owned subsidiary of Maxeon Solar Technologies, Ltd. The Amendment amends the Cross License Agreement by and between the Company and Maxeon Solar, dated August 26, 2020, pursuant to which the Company and Maxeon Solar exclusively and non-exclusively licensed certain intellectual property rights. The Amendment provides, in relevant part, for certain adjustments to the scope of Maxeon Solar's non-exclusive license to the Company. In connection with the Amendment and in anticipation of the expiration of the Collaboration Agreement by and between the Company and Maxeon Solar, dated August 26, 2020, the Company and Maxeon Solar also entered into ancillary agreements providing for the sublease, subject to landlord consent, of the research and development facility located in San Jose, California, the transfer of certain assets, and support to complete a collaboration project that may extend past August 26, 2022.

The foregoing description of the Amendment is not a complete description of all terms of the Amendment and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as an exhibit to this current report on Form 8-K and incorporated by reference herein.




Item 9.01.     Financial Statements and Exhibits.



(d) Exhibits.

Exhibit            Description
10.1                 First Amendment to the Cross License Agreement, dated June 8, 2022, by and
                   between SunPower Corporation and Maxeon Solar Pte. Ltd.
Exhibit 104        Cover Page Interactive Data File (embedded within the Inline XBRL document).

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