UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 3, 2005
IPIX CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 000-26363 52-2213841
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
3160 CROW CANYON ROAD, SAN RAMON, CALIFORNIA 94583
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (925) 242-4002
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N/A
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On February 3, 2005 IPIX Corporation (the "Company") entered into a lease
agreement (the "Lease") with Oak Ridge Technical Center Partners - One, L.P.
(the "Landlord"). The Lease is for a period of five years beginning May 1, 2005.
The base rent is approximately $312,682.30 per year and will increase by
approximately $4,941.25 each year beginning in 2006. In addition to the base
rent, the Lease requires the Company to pay certain taxes and a pro rata share
of operating expenses. The Company is also responsible for the costs of certain
tenant improvements associated with the new facility, but will be entitled to
reimbursement for certain costs from the Landlord. The Lease also provides for
three 36 month renewal options at 95% of the then prevailing fair market rents.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IPIX CORPORATION
Dated: February 9, 2005 /s/ Clara M. Conti
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Clara M. Conti
President and Chief Executive Officer
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