UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________
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): April 18, 2005
IPIX CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 000-26363 52-2213841
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(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
8000 TOWERS CRESCENT DRIVE, SUITE 1350, VIENNA, VIRGINIA 22182
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 847-3660
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N/A
(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 April 18, 2005 IPIX Corporation (the "Company") entered into a sublease
agreement (the "Sublease") with Thomas Group, Inc. (the "Sublessor") with
respect to the Company's a new corporate headquarters in Reston, Virginia. The
Sublease is for a period of 31 months beginning April 15, 2005. The base rent is
approximately $297,668.25 per year and will increase by approximately three (3%)
percent each year beginning April 1, 2006. In addition to the base rent, the
Company is responsible for any increases in operating expenses and property
taxes billed to the landlord and paid by the Sublessor. The Company is also
responsible for the costs of tenant improvement. All terms and conditions of
the master lease between the Sublessor and REC Partners, L.P. dated February 15,
2000 are incorporated into and made part of the Sublease.
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: April 26, 2005 /s/ Charles A. Crew
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Charles A. Crew
Chief Financial Officer
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