ITEM 8.01 OTHER EVENTS

Asset Purchase Agreement with First Solar, Inc.

On October 12, 2012, Intermolecular, Inc. (the "Company") entered into an Asset Purchase Agreement (the "Purchase Agreement") with First Solar, Inc. ("First Solar"). The Purchase Agreement stems from a Collaborative Development Project Agreement ("CDP Agreement") entered into by the parties on June 1, 2012 under which the Company and First Solar are collaborating to research, design, develop and commercialize technology related to cadmium tellurium (CdTe)-based photovoltaic solar cells and modules (the "CDP IP"). Under the CDP Agreement, First Solar has the right to make an election to purchase certain intellectual property rights in and to the CDP IP under certain terms and conditions. The Purchase Agreement was executed by the parties as a result of First Solar's exercise of this election.

Under the Purchase Agreement, First Solar is purchasing certain intellectual property rights in and to the CDP IP that is conceived or reduced to practice prior to December 1, 2012 in exchange for a one-time payment to Company. The purchase price is payable to the Company within 90 days from the date of the Purchase Agreement.

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