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): APRIL 1, 2006
NATIONAL HEALTH PARTNERS, INC.
(Exact Name of Small Business Issuer as Specified in Its Charter)
INDIANA 000-51731 04-3786176
State or Other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization) File Number) Identification Number)
120 GIBRALTAR ROAD, SUITE 107
HORSHAM, PENNSYLVANIA 19044
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (215) 682-7114
________________________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
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))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
On April 1, 2006, National Health Partners, Inc. (the "Company")
entered into a Termination and Mutual Release (the "Termination and Release")
with Centerpointe Property, LLC. Under the Termination and Release: (i) the
Commercial Office Lease (the "Lease") dated June 13, 2005 between the Company
and Centerpointe with respect to the office space the Company was leasing in the
Centerpointe Office Building located in Sarasota, Florida was terminated
effective April 1, 2006; (ii) the Company issued 10,000 shares of its common
stock, $.001 par value per share, to Centerpointe in full payment of all rent
and other expenses that were due and payable under the Lease on April 1, 2006;
and (iii) the Company and Centerpointe agreed to release each other from any and
all claims that they may now hold or may in the future hold arising out of the
Lease. The Company did not incur any material early termination penalties in
connection with the termination of the Lease.
The Lease was for approximately 4,000 square feet of office space
located at 2033 Main Street, Suite 501, Sarasota, Florida 34237 and was for a
five-year term commencing July 1, 2005 and ending June 30, 2010. The initial
monthly rent payment, including expenses, due under the Lease was approximately
$8,200. The aggregate amount of all future rent and other expenses that would
have accrued under the Lease is approximately $500,000. Ronald F. Westman and
his wife own all of the outstanding membership interests in Centerpointe
Property, LLC. Mr. Westman beneficially owns approximately 26% of the Company's
common stock and served as a member of the Company's board of directors from
June 29, 2005 to September 26, 2005.
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.
NATIONAL HEALTH PARTNERS, INC.
Dated: April 6, 2006 /s/ David M. Daniels
-----------------------------------------
David M. Daniels
Chief Executive Officer