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BJCT.OB > SEC Filings for BJCT.OB > Form 8-K on 31-Mar-2009All Recent SEC Filings

Show all filings for BIOJECT MEDICAL TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BIOJECT MEDICAL TECHNOLOGIES INC


31-Mar-2009

Entry into a Material Definitive Agreement, Financial Statements


Item 1.01 Entry Into a Material Definitive Agreement

On March 25, 2009, Bioject Medical Technologies, Inc. entered into a third amendment to Bioject's lease agreement with its landlord pursuant to which Bioject deferred $12,000 of rent for each of February, March and April 2009. The deferrals, plus accrued interest at 9% per annum, are due within 60 days upon the earlier to occur of (i) a sale of all or substantially all of the assets of Bioject; (ii) the raising of capital or equity of $3.0 million or more;
(iii) the entering into of a strategic partnership with up-front payments over $300,000; or (iv) a default under the lease. If none of these events have occurred by December 31, 2010, the deferred amounts will become due in 12 equal monthly installments beginning January 1, 2011.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibit is furnished herewith and this list is intended to constitute the exhibit index:

10.1    Third Amendment to Lease dated March 25, 2009 by and between the NewTower
        Trust Multi-Employer Property Trust and Bioject Medical Technologies Inc.
        Incorporated by reference to Form 10-K filed March 31, 2009.


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