<SEC-DOCUMENT>0001019687-11-003367.txt : 20111103
<SEC-HEADER>0001019687-11-003367.hdr.sgml : 20111103
<ACCEPTANCE-DATETIME>20111103163024
ACCESSION NUMBER:		0001019687-11-003367
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20111031
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20111103
DATE AS OF CHANGE:		20111103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION OPTICS Corp INC
		CENTRAL INDEX KEY:			0000867840
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				042795294
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10647
		FILM NUMBER:		111178104

	BUSINESS ADDRESS:	
		STREET 1:		22 EAST BROADWAY
		CITY:			GARDNER
		STATE:			MA
		ZIP:			01440
		BUSINESS PHONE:		978-630-1800

	MAIL ADDRESS:	
		STREET 1:		22 EAST BROADWAY
		CITY:			GARDNER
		STATE:			MA
		ZIP:			01440

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION OPTICS CORPORATION INC
		DATE OF NAME CHANGE:	19930328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION OPTICS CORP INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
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<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date of Report (Date of earliest event reported)&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">October 31, 2011</font></font></div>

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<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 1.01 Entry into a Material Definitive Agreement.</font></div>

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<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On June&#160;25, 2008, we entered into a Purchase Agreement, as amended on December&#160;11, 2008, with certain accredited investors (the &#8220;Investors&#8221;) pursuant to which we sold an aggregate of $600,000 of 10% Senior Secured Convertible Notes (the &#8220;Notes&#8221;).&#160; The Investors amended the Notes on several dates to extend the &#8220;Stated Maturity Date&#8221; of the Notes.&#160; On October 31, 2011, the Investors further amended the Notes to extend the &#8220;Stated Maturity Date&#8221; to December 15, 2011.&#160; We believe the Investors will continue to work with us to reach a positive outcome on the Note repayment.</font></div>

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<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This report contains forward-looking statements.&#160; Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements related to our future activities or future events or conditions.&#160; These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by our management.&#160; These statements are not guarantees of future performances and involve risks, uncertainties and assumptions that are difficult to predict.&#160; Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those risks discussed in our Annual Report on Form&#160;10-K and in other documents that we file from time to time with the SEC.&#160; Any forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this report, except as required by law.</font></div>

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<TYPE>EX-10.2
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<FILENAME>precoptics_ex1002.htm
<DESCRIPTION>ENDORSEMENT TO 10% SENIOR SECURED NOTE
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<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Precision Optics Corporation,&#160;Inc.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New York, New York</font></div>

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<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>precoptics_ex1003.htm
<DESCRIPTION>ENDORSEMENT TO 10% SENIOR SECURED NOTE
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<TYPE>EX-10.4
<SEQUENCE>4
<FILENAME>precoptics_ex1004.htm
<DESCRIPTION>ENDORSEMENT TO 10% SENIOR SECURED NOTE
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<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The 10% Senior Secured Convertible Note dated June&#160;25, 2008 and amended December&#160;11, 2008, June&#160;25, 2010, July&#160;26, 2010, September&#160;15, 2010, October&#160;15, 2010, November&#160;15, 2010, November&#160;30, 2010, December&#160;1, 2010, December 3, 2010 and December 17, 2010, January 10, 2011, January 24, 2011, February 7, 2011,&#160;&#160;February 25, 2011,&#160;&#160;March 11, 2011, March 31, 2011, April 15, 2011, April 29, 2011, May 13, 2011, June 3, 2011, June 28, 2011,&#160;July 6, 2011, July 20, 2011, July 25, 2011,&#160;July 27, 2011, August 31, 2011, and September 30, 2011&#160;&#160;(the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Note</font>&#8221;) of Precision Optics Corporation,&#160;Inc., a Massachusetts corporation (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company</font>&#8221;), payable to the order of Arnold Schumsky (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Holder</font>&#8221;) in an aggregate principal amount of $50,000 and to which this Endorsement is affixed is hereby amended in the following respects:</font></div>

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