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INSY > SEC Filings for INSY > Form 8-K on 3-Sep-2013All Recent SEC Filings

Show all filings for INSYS THERAPEUTICS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for INSYS THERAPEUTICS, INC.


3-Sep-2013

Entry into a Material Definitive Agreement, Creation of a Direct Financi


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On August 28, 2013, Insys Therapeutics, Inc. (the "Company") entered into a Lease Agreement (the "Lease") for approximately 53,000 square feet of office/warehouse space in Round Rock, Texas. The Lease has an initial term of 10 years and provides the Company with two five year renewal options, which would give the Company access to the facility for up to 20 years. Base rent during the first year of the Lease is approximately $530,000 plus customary additional charges for insurance, operating expenses and taxes.

The above description of the Lease is qualified by the full terms of the Lease, a copy of which is filed with this Form 8-K at Exhibit 10.1 and is incorporated by reference herein.

In addition, in connection with the Lease the Company has the option to purchase the building at fair market value (i) pursuant to a right of first refusal at any point during the lease term if the landlord elects to sell the facility and
(ii) in year 19 of Lease term, should the Company exercise both renewal options.



ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

The information set forth in Item 1.01 above in this current report on Form 8-K is hereby incorporated into this Item 2.03 by reference.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

10.1 Lease Agreement


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