On July 30, 2009, the Company purchased 19,572,468 shares of KTC common stock for approximately $5,975,000. The Company also agreed to purchase 128,226 shares of KTC from Microelectronics Technology Inc. ("MTI"). On August 31, 2009, the Company completed its purchase of 128,226 shares of KTC from MTI for $300,000 in cash as consideration. As a result of these two transactions and the Company's previous investments in KTC, the Company owns approximately 87% of the outstanding common stock of KTC. The remaining 13% will be held by other investors and employees of KTC. In conjunction with this financing, KTC agreed to repay the outstanding balance of the loans due to the Company from KTC in the aggregate amount of approximately $2,000,000. KTC subsequently repaid the loans.

As a result of the Company's increased ownership position in KTC, on a going forward basis the Company plans consolidate KTC's financial statements with the Company's own financial statements.

(a) Financial Statements of Business Acquired.

The Company plans to file the historical financial statements of KTC as required by Rule 305 of Regulation S-X via an amendment to this Current Report on Form 8-K/A within 75 days of July 30, 2009.

(b) Pro Forma Financial Information.

The Company plans to file the pro forma financial information as required by Article 11 of Regulation S-X via an amendment to this Current Report on Form 8-K/A within 75 days of July 30, 2009.

(d) Exhibits.

Exhibit No.    Description
   99.1        Press Release dated August 4, 2009, announcing Kopin Corporation's
               financial results for the second quarter ended June 27, 2009 (filed as
               an Exhibit 99.1 to the Current Report on Form 8-K filed on August 4,
               2009 and incorporated herein by reference)