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AXTI > SEC Filings for AXTI > Form 8-K on 8-Aug-2013All Recent SEC Filings

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Form 8-K for AXT INC


Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement

On August 2, 2013, AXT, Inc. (the "Company") entered into a new lease agreement with T. Drive Partners, L.P., a California Partnership (the "Lessor") for the facility located at 4281 Technology Drive, Fremont, California with approximately 20,767 square feet. The new lease will commence December 1, 2013 for a term of two years. The base rent for the new lease will be $10,656 or 51.3 cents per square foot per month, and increasing to $11,085 or 53.4 cents per square foot per month in the second year. The security deposit will be $10,000.

The new lease will replace the Company's existing lease at this same facility. The new lease is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein in its entirety.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1 Lease agreement dated August 2, 2013 between AXT, Inc. and T. Drive Partners, L.P., a California partnership.

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