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QTWW > SEC Filings for QTWW > Form 8-K on 5-Jun-2013All Recent SEC Filings

Show all filings for QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC.


5-Jun-2013

Entry into a Material Definitive Agreement, Fin


Item 1.02 Entry Into a Material Definitive Agreement.

On May 30, 2013, Quantum Fuel Systems Technologies Worldwide, Inc. (the "Company") and Metropolis Gardens, LLC entered into an Agreement and First Amendment to Lease Agreement (the "Lease Amendment") pursuant to which the parties agreed to (i) reduce the term of the existing lease agreement for the Company's facility located in Irvine, California and (ii) reduce the amount of monthly base rent due under the Lease Agreement for the remainder of the amended lease term.
Pursuant to the Lease Amendment, the expiration date of the lease is now January 31, 2014 (from October 31, 2015) and the monthly base rent payable during the remainder of the lease term was reduced by approximately $11,750 per month. The Lease Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description of the Lease Amendment and the transactions contemplated thereby is qualified in its entirety by reference to Exhibit 10.1.

The Company's press release, dated June 5, 2013, announcing the signing of the Lease Amendment is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

Exhibit No.     Description

10.1            Agreement and First Amendment to Lease, dated May 30, 2013, by and
                among Quantum Fuel Systems Technologies Worldwide, Inc. and
                Metropolis Gardens, LLC.
99.1            Press Release dated June 5, 2013.


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