Item 1.01 Entry Into a Material Definitive Agreement

On September 21, 2021, LightPath Technologies, Inc. (the "Company") and Challenger-Discovery, LLC (the "Landlord") entered into a Ninth Amendment to Lease (the "Lease Amendment"), effective September 21, 2021, related to the Company's headquarters and manufacturing facility located at 2603 Challenger Tech Court, Orlando, Florida 32826. The Lease Amendment materially amends certain terms of the original Lease dated January 25, 2001, as amended by the First Amendment to Lease dated August 10, 2001, the Second Amendment to Lease dated April 20, 2004, the Third Amendment to Lease dated December 1, 2007, the Fourth Amendment to Lease dated April 30, 2009, the Fifth Amendment to Lease dated April 24, 2012, the Sixth Amendment to Lease dated July 2, 2014, the Seventh Amendment to Lease dated January 31, 2015, and the Eighth Amendment to Lease dated April 30, 2021 (collectively, the "Lease") between the Company and the Landlord, including the following:



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Release the area commonly known as Suite 130 and add the area commonly known as
Suite 110, thereby increasing the rentable area of the leased premises from
52,184 square feet to 58,531 square feet upon the Company's completion of
certain work to Suites 110 and 130.
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Commencing on the "swap date," which will occur on the tenth (10th) day after
the date the Company completes work at Suites 110 and 130, minimum rent for the
area commonly known as Suite 110 of $13,262.42 will be due monthly, prorated for
any partial month. Upon the Landlord's completion of certain work to be done,
the monthly minimum rent for the entire 58,531 square feet premises will be as
set forth in the Lease Amendment. The Company's proportionate share of the
operating expenses for the Suite 110 premises also will increase. Also
commencing on the "swap date," Suite 130 will be released and minimum rent for
this space shall no longer be due and payable by the Company.
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All other terms defined in the Eighth Amendment to Lease remain the same.

The release and addition of suites will allow improvements to the layout of the previously announced facility expansion, which includes the consolidation of the 12,378 square feet currently leased at 12501 Research Parkway, which lease expires November 30, 2022 and will not be renewed.

The foregoing description of the terms of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Amendment, a copy of which is attached hereto as Exhibit 10.1.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits

Exhibit No.   Description
  10.1        Ninth Amendment to Lease dated as of September 21, 2021, between
              LightPath Technologies, Inc. and Challenger Discovery LLC

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