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| AXTI > SEC Filings for AXTI > Form 8-K on 5-Jan-2009 | All Recent SEC Filings |
5-Jan-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
On December 31, 2008, AXT, Inc., ("AXT" or "the Company") renewed two supply agreements (collectively the "Agreements") with IQE plc of Somerset, New Jersey ("IQE").
Under the terms of the Agreements, IQE shall purchase from AXT a minimum of approximately $14.3 million of 4-inch and 6-inch semi-insulating gallium arsenide (GaAs) substrates, the majority of which will consist of 6-inch substrates. All 4-inch GaAs substrates are to be shipped by December 31, 2009 and all 6-inch GaAs substrates are to be shipped by March 31, 2010.
The Agreements are filed as Exhibits 10.29 and 10.30 to this Form 8-K. As the Company has applied for confidential treatment from the Securities and Exchange Commission with respect to certain commercially sensitive pricing terms contained in the Agreements, such terms have been redacted from Exhibit 10.29and Exhibit 10.30 and have been replaced by the symbol "***."
A copy of the press release announcing this production order is attached hereto as Exhibit 99.1and is incorporated herein by reference.
(d) Exhibits
10.29 6-inch Supply Agreement dated December 31, 2008 between AXT, Inc. and IQE
plc.*
10.30 4-inch Supply Agreement dated December 31, 2008 between AXT, Inc. and IQE
plc.*
99.1 Press Release announcing entry into Supply Agreements with IQE dated
January 5, 2009.
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