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ULGX > SEC Filings for ULGX > Form 8-K on 27-Mar-2014All Recent SEC Filings

Show all filings for UROLOGIX INC

Form 8-K for UROLOGIX INC


27-Mar-2014

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On March 21, 2014, Urologix, Inc. (the "Company") received a letter from Medtronic, Inc. ("Medtronic"). In the letter, Medtronic acknowledged that the Company is continuing to make efforts to turn its business around, but expressly reserved any rights that Medtronic may have in respect of past due amounts under the License Agreement dated September 6, 2011, as amended June 28, 2013 between the Company and Medtronic, under the License Agreement, under the promissory note dated June 28, 2013 and/or under the other agreements between Medtronic and the Company.

Through its countersignature to the letter, Urologix agreed that, without prior approval from Medtronic , the Company will not to draw down any funds under its line of credit with Silicon Valley Bank while amounts owed to Medtronic are past due. Furnished with this Form 8-K as Exhibit 10.1 is the countersigned letter from Medtronic.

The foregoing summary of the letter does not purport to be complete and is subject to and qualified in its entirety by reference to the letter attached hereto as an exhibit.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No. Description
10.1 Countersigned Letter from Medtronic, Inc. to Urologix, Inc. dated March 21, 2014

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