<SEC-DOCUMENT>0000943440-12-000597.txt : 20120524
<SEC-HEADER>0000943440-12-000597.hdr.sgml : 20120524
<ACCEPTANCE-DATETIME>20120524164023
ACCESSION NUMBER:		0000943440-12-000597
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20120521
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120524
DATE AS OF CHANGE:		20120524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lightwave Logic, Inc.
		CENTRAL INDEX KEY:			0001325964
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS PLASTIC PRODUCTS [3080]
		IRS NUMBER:				820497368
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52567
		FILM NUMBER:		12868149

	BUSINESS ADDRESS:	
		STREET 1:		111 RUTHAR DRIVE
		CITY:			NEWARK
		STATE:			DE
		ZIP:			19711
		BUSINESS PHONE:		(302) 356-2717

	MAIL ADDRESS:	
		STREET 1:		111 RUTHAR DRIVE
		CITY:			NEWARK
		STATE:			DE
		ZIP:			19711

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	THIRD-ORDER NANOTECHNOLOGIES INC
		DATE OF NAME CHANGE:	20070320

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	THIRD-ORDER NANOTECHNOLOIES INC
		DATE OF NAME CHANGE:	20070222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PSI TEC HOLDINGS INC
		DATE OF NAME CHANGE:	20050503
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>lwlg052412_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
<META NAME="author" CONTENT="David M. Bovi">
<META NAME="date" CONTENT="05/24/2012">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:11pt" align=center>Washington, D.C. 20549</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center>Date of Report (Date of earliest event reported<B>): </B>May 24, 2012 (May 21, 2012)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>Lightwave Logic, Inc.</B></P>
<P style="margin:0px" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=222.4 /><TD width=198.333 /><TD width=203.267 /></TR>
<TR><TD style="margin-top:0px" width=222.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=198.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=203.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=222.4><P style="margin:0px; font-size:12pt" align=center><B>Nevada</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=198.333><P style="margin:0px; font-size:12pt" align=center><B>0-52567</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=203.267><P style="margin:0px; font-size:12pt" align=center><B>82-049-7368</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=222.4><P style="margin:0px">(State or other jurisdiction of Incorporation or Organization)</P>
</TD><TD style="margin-top:0px" valign=top width=198.333><P style="margin:0px" align=center>(Commission File Number)</P>
</TD><TD style="margin-top:0px" valign=top width=203.267><P style="margin:0px" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=376 /><TD width=39 /><TD width=208 /></TR>
<TR><TD style="margin-top:0px" width=376><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=39><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=208><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=376><P style="margin:0px; font-size:12pt" align=center><B>111 Ruthar Drive, Newark, Delaware</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=39><P style="margin:0px; font-size:12pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=208><P style="margin:0px; font-size:12pt" align=center><B>19711</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=376><P style="margin:0px" align=center>(Address of principal executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=39><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=208><P style="margin:0px" align=center>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center>Registrant's telephone number, including area code: 302-356-2717</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=376 /><TD width=248 /></TR>
<TR><TD style="margin-top:0px" width=376><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=248><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=624 colspan=2><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=624 colspan=2><P style="margin:0px" align=center>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">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: </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">[&nbsp;&nbsp;]</P>
<P style="margin:0px; text-indent:-2px; font-size:12pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">[&nbsp;&nbsp;]</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:12pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">[&nbsp;&nbsp;]</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:12pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">[&nbsp;&nbsp;]</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:12pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="line-height:12pt; margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; float:left"><B>Item 5.02 </B></P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-size:12pt"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Officers; Compensatory Arrangements of Certain Officers</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>On May 21, 2012 Andrew Ashton tendered his resignation as the registrant&#146;s Treasurer. Mr. Ashton shall continue to serve the registrant as a Director and as Senior Vice President and Secretary. A copy of his resignation letter is attached hereto as <U>Exhibit 99.1</U>.</P>
<P style="line-height:14pt; margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>On May 21, 2012 the registrant&#146;s Board of Directors eliminated the officer position of Treasurer from the registrant and expanded the Chief Operating Officer position held by James Marcelli to include the duties of a principal financial officer and treasurer equivalent, which includes <FONT style="background-color:#FFFFFF">responsibility for ensuring the long-term financial health of the registrant, overseeing the registrant&#146;s accounting and audits, caring for the registrant&#146;s funds, </FONT>and such other duties that <FONT style="background-color:#FFFFFF">are essentially equivalent to those of a principal financial officer and treasurer. A copy of </FONT>the Amendment to Employee Agreement dated May 21, 2012 between the registrant and Mr. Marcelli is attached hereto as <U>Exhibit 10.1.</U></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>There are no arrangements or understandings between Mr. Marcelli and any other persons pursuant to which he was appointed the registrant&#146;s principal financial officer and treasurer equivalent. There is no family relationship between Mr. Marcelli and any director, executive officer, or person nominated or chosen by the registrant to become a director or executive officer of the registrant. </P>
<P style="line-height:14pt; margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>Mr. Marcelli, age 64, has served as an officer and director of the registrant since August 2008, in charge of the day-to-day operations of the registrant and its movement to a fully functioning commercial corporation. Since 2000, Mr. Marcelli has served as the president and chief executive officer of Marcelli Associates, a consulting company that offers senior management consulting, mentoring, and business development services to start-up and growth companies. Business segments Mr. Marcelli has worked with included an Internet networking gaming center, high speed custom gaming computers, high tech manufacturing businesses and business service companies.</P>
<P style="line-height:14pt; margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>The registrant has not entered into any transactions with Mr. Marcelli that would require disclosure pursuant to Item 404(a) of Regulation S-K under the Exchange Act.</P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; float:left"><B>Item 9.01</B></P>
<P style="line-height:14pt; margin:0px; text-indent:-2px; font-size:12pt"><B>Financial Statements and Exhibits</B></P>
<P style="line-height:12pt; margin:0px; font-size:12pt; clear:left">&nbsp;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-2px; text-indent:48px; width:192px; font-size:12pt; float:left"><U>Exhibit&nbsp;No.</U></P>
<P style="line-height:14pt; margin:0px; text-indent:-2px; font-size:12pt"><U>Description</U></P>
<P style="line-height:14pt; margin:0px; clear:left"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-2px; text-indent:48px; width:192px; font-size:12pt; float:left">10.1</P>
<P style="line-height:14pt; margin:0px; text-indent:-2px; font-size:12pt">Employment Agreement Amendment &#150; James S. Marcelli</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-2px; text-indent:48px; width:192px; font-size:12pt; clear:left; float:left">10.2</P>
<P style="line-height:14pt; margin:0px; padding-left:192px; text-indent:-2px; font-size:11pt">Employment Agreement &#150; James S. Marcelli (incorporated by reference to the Company&#146;s Form 8-K filed August 5, 2008)</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-2px; text-indent:48px; width:192px; font-size:11pt; clear:left; float:left">10.3</P>
<P style="line-height:14pt; margin:0px; padding-left:192px; text-indent:-2px; font-size:11pt">Employment Agreement Renewal &#150; James S. Marcelli (incorporated by reference to the Company&#146;s Form 8-K filed June 22, 2010)</P>
<P style="line-height:14pt; margin:0px; clear:left"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style=page-break-before:always;margin-top:0;margin-bottom:-4pt;font-size:4pt /><P style="line-height:14pt; margin-top:0px; margin-bottom:-2px; text-indent:48px; width:192px; font-size:11pt; float:left">10.4</P>
<P style="line-height:14pt; margin:0px; padding-left:192px; text-indent:-2px; font-size:12pt">Employment Agreement Renewal and Amendment &#150; James S. Marcelli <FONT style="font-size:11pt">(incorporated by reference to the Company&#146;s Form 8-K filed May 3, 2012)</FONT></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:192px; font-size:12pt; clear:left; float:left">99.1</P>
<P style="margin:0px; text-indent:-2px; font-size:12pt">Resignation Letter &#150; Andrew Ashton</P>
<P style="margin:0px; clear:left" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt">LIGHTWAVE LOGIC, INC. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">By: /s/ James S. Marcelli</P>
<P style="margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;----------------------------------</P>
<P style="margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;James S. Marcelli, President</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>Dated May 24, 2012</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>lwlg052412fm8k_ex10z1.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 10.1</TITLE>
<META NAME="author" CONTENT="David M. Bovi">
<META NAME="date" CONTENT="05/24/2012">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px; font-size:12pt" align=center><B>EMPLOYEE AGREEMENT RENEWAL AND AMENDMENT</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>THIS AGREEMENT (the &#147;<B>Agreement</B>&#148;) is made and entered into on May 21, 2012 by and between Lightwave Logic, Inc., a Nevada Corporation (the<B> </B>&#147;<B>Company</B>&#148;), located at 111 Ruthar Dr., Newark, Delaware19711; and James S. Marcelli (&#147;<B>Employee</B>&#148;). &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; font-size:12pt; float:left">1.</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-size:12pt" align=justify>This Agreement renews and amends that certain Employee Agreement dated August 1, 2008, as amended on July 9, 2009, June 18, 2010, and May 2, 2012 made and entered into by the parties hereto (the &#147;<B>Employee Agreement</B>&#148;). Capitalized terms herein have the same meaning as used in the Employee Agreement, unless otherwise noted.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; font-size:12pt; float:left">2.</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-size:12pt" align=justify>Effective May 21, 2012, <B><U>Appendix A</U></B> of the Employee Agreement entitled &#147;Duties of Employee&#148; is deleted in its entirety and replaced with the following:</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; padding-left:96px; font-size:12pt" align=justify>Employee, as the Company&#146;s President and Chief Operating Officer, subject to the control of the Chief Executive Officer and the Board of Directors, shall be responsible for:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:96px; width:138px; font-size:12pt; float:left"><FONT style="background-color:#FFFFFF">A.</FONT></P>
<P style="margin:0px; padding-left:138px; text-indent:-2px; font-size:12pt" align=justify><FONT style="background-color:#FFFFFF">The overall administration and business operations of the Company, including internal operations, laboratory functions, administrative responsibilities, and </FONT>working with the Chief Executive Officer to provide support and guidance to the Board of Directors and committees thereof.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:96px; width:138px; font-size:12pt; float:left">B.</P>
<P style="margin:0px; padding-left:138px; text-indent:-2px; font-size:12pt" align=justify>Financial management of the Company, including serving as the Company&#146;s principal financial officer and treasurer equivalent, <FONT style="background-color:#FFFFFF">ensuring the long-term financial health of the Company, overseeing the Company&#146;s accounting and audits, caring for the Company&#146;s funds, </FONT>and such other duties that <FONT style="background-color:#FFFFFF">are essentially equivalent to those of a principal financial officer and treasurer. </FONT></P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:96px; width:138px; font-size:12pt; float:left">C.</P>
<P style="margin:0px; padding-left:138px; text-indent:-2px; font-size:12pt" align=justify>Such other powers and duties as may be prescribed by the Chief Executive Officer and the Board of Directors that is reasonably agreed upon by Employee. </P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; font-size:12pt; float:left">3.</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-size:12pt">All other provisions of the Employee Agreement remain in full force and effect, other than any provision that conflicts with the terms and spirit of this Agreement.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify><B>IN WITNESS WHEREOF</B>, the Parties have executed this Agreement on the date first written above.</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=294 /><TD width=24 /><TD width=306 /></TR>
<TR><TD style="margin-top:0px" valign=top width=294><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=306><P style="margin:0px; font-size:12pt" align=justify><B>LIGHTWAVE LOGIC, INC.:</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=294><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=306><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=294><P style="margin:0px; font-size:12pt" align=justify>/s/Faith Dillard</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=306><P style="margin:0px; font-size:12pt" align=justify>By: /s/Thomas E. Zelibor</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=294><P style="margin:0px; font-size:12pt" align=justify>(Witness Signature)</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=306><P style="margin:0px; font-size:12pt" align=justify>Thomas E. Zelibor, CEO</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=294><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=306><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=294><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=306><P style="margin:0px; font-size:12pt" align=justify><B>EMPLOYEE:</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=294><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=306><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=294><P style="margin:0px; font-size:12pt" align=justify>/s/Faith Dillard</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=306><P style="margin:0px; font-size:12pt" align=justify>/s/James S. Marcelli</P>
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<TR><TD style="margin-top:0px" valign=top width=294><P style="margin:0px; font-size:12pt" align=justify>(Witness Signature)</P>
</TD><TD style="margin-top:0px" valign=top width=24><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=306><P style="margin:0px; font-size:12pt" align=justify>James S. Marcelli</P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>lwlg052412fm8k_ex99z1.htm
<DESCRIPTION>RESIGNATION LETTER
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Exhibit 99.1</TITLE>
<META NAME="author" CONTENT="David">
<META NAME="date" CONTENT="05/24/2012">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
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<P style="margin:0px; font-size:12pt">May 21, 2012</P>
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<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Board of Directors</P>
<P style="margin:0px; font-size:12pt">Lightwave Logic, Inc.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Re: Resignation as Treasurer </P>
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<P style="margin:0px; font-size:12pt">Gentlemen:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt">I hereby resign as Lightwave Logic&#146;s Treasurer. I will continue to serve the Company as a Director and as Senior Vice President and Secretary.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Sincerely,</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">/s/ Andrew Ashton</P>
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<P style="margin:0px; font-size:12pt">Andrew Ashton</P>
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