UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report(Date of earliest event reported): May 31, 2011
Lpath, Inc.
(Exact name of registrant specified in charter)
| Nevada | 000-50344 | 16-1630142 | ||
(State of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
6335 Ferris Square, Suite A, San Diego, CA 92121
(Address of principal executive offices) (Zip Code)
(858) 678-0800
Issuer’s Telephone Number
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 1.01 | Entry into a Material Definitive Agreement. |
On May 31, 2011, Lpath, Inc. (the “Company”) and Sorrento Science Park, LLC entered into a lease agreement (“the Lease”) for the Company’s new corporate headquarters in San Diego, California.
The Lease term is 64 months commencing in July 2011. Monthly payments for the 11,960 square foot space will be $25,116, with annual escalations of up to 3%. The Company has one five-year renewal option under the Lease. The Company will vacate its current office space when the lease expires in July 2011.
The foregoing description of the Lease does not purport to be complete and is qualified in its entirety by reference to the Lease, a copy of which is filed with this Current Report as Exhibit 10.1, and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits. |
| 10.1 | Lease dated May 31, 2011 between Sorrento Science Park, LLC and Lpath, Inc. for 4025 Sorrento Valley Blvd. San Diego, California 92121 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Lpath, Inc. | ||
By: | /s/ Scott Pancoast | |
Name: Scott Pancoast | ||
Title: President and Chief Executive Officer | ||
Dated: June 2, 2011 | ||