Item 1.01 - Entry into a Material Definitive Agreement
On July 14, 2009, Electro-Optical Sciences, Inc. (the "Company") entered into a seven year lease agreement for 19,957 square feet of office and laboratory space in Irvington, New York, replacing the 10,300 square feet of space currently occupied by the Company. The new lease will take effect no later than January 1, 2010. The Company will continue to occupy space under the building leases in effect as of June 2009 until the new space is ready for occupancy. The annual rent for the 16,382 square feet of office space will be $311,258 during the first year of the lease, $337,469 during the second year, $364,500 during the third year, $392,349 during the fourth year and $408,730 during the fifth through seventh years, subject to adjustment based upon any increases in the Consumer Price Index during the last three years of the lease. In addition, the Company will pay annual rent for the 3,575 square feet of laboratory and additional office space of initially $42,000, commencing upon the earlier of the Company's receiving FDA approval for MelaFind® or December 31, 2010, and increasing during the term of the lease to approximately $47,000, plus any adjustment due to increases in the Consumer Price Index during the last three years of the lease.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits.

EXHIBIT NO. DESCRIPTION 10.1 Agreement of Lease, dated as of July 14, 2009, by and between Stanford Bridge LLC and Electro-Optical Sciences, Inc.

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