<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO SECTION 13 OR 15(D) OF THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported)
&ndash; June 29, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VUZIX CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Delaware</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction of Incorporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0">000-53846</TD>
    <TD STYLE="width: 50%; padding: 0; font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0">04-3392453</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0">(Commission File Number)</TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>75 Town Centre Drive, Rochester, New
York 14623</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)(Zip
code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(585)&nbsp;359-5900</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s Telephone Number, Including
Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT>
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION TO BE INCLUDED IN THE REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SECTION 1 REGISTRANT&rsquo;S BUSINESS AND OPERATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 1.01. Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June 29,
2012, Vuzix Corporation (&ldquo;Registrant&rdquo;) entered into an Amended and Restated Convertible Loan and Security Agreement
(the &ldquo;Loan Agreement&rdquo;) with LC Capital Master Fund Ltd. (the &quot;Lender&quot;), pursuant to which the Lender loaned
Registrant $619,122 (the &ldquo;Loan&rdquo;). The Loan Agreement is an amendment and restatement of a Convertible Loan and Security
Agreement between the Lender and Registrant dated as of December 23, 2010 (the &lsquo;Original Loan Agreement&rdquo;), which was
filed with the Commission on Form 8-K on December 30, 2010. The Loan is an amendment, restatement, renewal, extension and modification
of the remaining principal balance and interest thereon of the loan made by the Lender to the Registrant pursuant to the Original
Loan Agreement. The Loan bears interest at an annual rate of 13.5% per annum, payable monthly commencing July 15, 2012. The principal
of the Loan is payable in 12 equal monthly installments of $51,593.50 each beginning on October 15, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Concurrently with the
making of the Loan, Registrant entered into an Asset Purchase Agreement with TDG Acquisition Company (the &ldquo;APA&rdquo;), which
was filed with the Commission on Form 8-K on June 22, 2012. Registrant may receive certain earn out payments pursuant to the APA
and, if it does, Registrant is required to pay 40% of all amount so received in prepayment of the Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The principal balance
of, and unpaid accrued interest on, the Loan are convertible into shares of the $.001 par value common stock (&ldquo;Common Stock&rdquo;)
of Registrant at a conversion price of $0.09965 per share, subject to adjustment as set forth below. Registrant previously issued
to the Lender a Warrant to purchase up to 40,000,000 shares of Common Stock at an exercise price of $0.09965 per share (the &ldquo;Warrant&rdquo;),
subject to adjustment as set forth below. That Warrant expires on December 23, 2014. The maximum number of shares of Common Stock
that the Lender can acquire upon conversion of the Note and exercise of the Warrant is 46,517,695, subject to adjustment as set
forth below. The Lender has certain registration rights, and Registrant has certain registration obligations, as set forth in the
Original Loan Agreement .</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Loan Agreement
contains certain covenants and defines certain defaults, including but not limited to, payment defaults, defaults in the observance
of covenants contained in the Loan Agreement or in other agreements between Registrant and the Lender, insolvency and certain judgments
being entered against Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Registrant has granted
the Lender a security interest in substantially all the assets of Registrant as security for the Loan. The Lender has agreed to
subordinate its security interest in accounts receivable and inventory to a security interest granted by Registrant to a bank or
other institutional provider of lines of credit, of not more than $2,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with
the execution of the Loan Agreement, the Promissory Note and Security Agreement between Registrant and the Lender dated May 18,
2012 were terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Loan Agreement,
is included as Exhibit 10.1 in this Current Report on Form 8-K. Please review that document for additional information regarding
the its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concurrently
with the execution and delivery of the Loan Agreement, Registrant executed and delivered to the Lender its Convertible Promissory
Note dated June 15, 2012, in the principal amount of $619,122 (the &ldquo;Note&rdquo;). The Note is payable on the same terms as
are set forth in the Loan Agreement, which are described in Item 1.01(a) of this report on Form 8-K. The Note is included as an
Exhibit 10.2 in this Current Report on Form 8-K. Please review that document for additional information regarding the its terms
..</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SECTION 2 &ndash; FINANCIAL INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June 29, 2012, the Registrant
entered into the Note. The terms of the Note and of the obligations of Registrant under the Note are as set forth in Item 1.01
of this report on Form 8-K, in the Note, which is attached to this Form 8-K as Exhibit 10.2 and in the Loan Agreement which is
attached as Exhibit 10.1 to this Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Loan Agreement,
the Lender has agreed to loan $619,122 to Registrant (the &ldquo;Loan&rdquo;). The Loan is evidenced by the Note. The Loan bears
interest at an annual rate of 13.5% per annum, payable monthly. The principal of the Loan is payable in 12 monthly installments
beginning on October 15, 2012. Registrant is also required to prepay the Loan each time it receives an earn-out payment pursuant
to the APA, as described in Item 1.01 of this report on Form 8-K. The other material terms of the Note are also set forth in Item
1.01 of this report on Form 8-K, in the Note, which is attached to this Form 8-K as Exhibit 10.2 and in the Loan Agreement which
is attached as Exhibit 10.1 to this Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is made to
Item 1.01 of this report on Form&nbsp;8-K, to the Loan Agreement, which is attached as Exhibit 10.1, and to the Note, which is
attached as Exhibit 10.2, for a complete statement of their terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>SECTION 3 - SECURITES AND TRADING MARKETS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>ITEM 3.02. Unregistered Sales of Equity
Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Loan Agreement,
on June 29, 2012, Registrant issued to the Lender its promissory note in the principal amount of $619,122, convertible into shares
of Common Stock at an initial conversion price of $0.09965 per share, subject to limitation and adjustment as provided therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the securities specified
in the preceding subparagraph (a) were sold for cash. The amount payable to Registrant for such securities was $619,122. There
were no commissions paid or payable with respect to such sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>ITEM 3.03 Material Modification to Rights
of Security Holders.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Loan Agreement
has been amended to require that Registrant maintain at all times a balance of unrestricted cash and cash equivalents (not including
any cash held in any collateral account), together with undrawn availability under its working capital line, of at least 40% of
the (i) the outstanding principal amount of the Loan and (ii) accrued interest, measured on a monthly basis on the last day of
each month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Item 9.01 Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 9.01. Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Following is the Index
of Exhibits furnished in accordance with Item 601 of Regulation S-K, filed as part of this Current Report on Form 8-K or incorporated
by reference herewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 10pt; padding: 0; text-indent: 0">10.1</TD>
    <TD STYLE="width: 95%; font-size: 10pt; padding: 0; text-indent: 0">Amended and Restated Convertible Loan and Security Agreement, dated as of June 15, 2012, by and between Registrant and the Lender.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 10pt; padding: 0; text-indent: 0">10.2</TD>
    <TD STYLE="width: 95%; font-size: 10pt; padding: 0; text-indent: 0">Convertible Promissory Note, dated as of June 15, 2012, in the principal amount of $619,122 issued by Registrant in favor of the Lender.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">Date: July 3, 2012</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">VUZIX CORPORATION</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-indent: 0; border-bottom: Black 1pt solid">/s/ Grant Russell</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Grant Russell,</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Executive Vice President and CFO</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; padding: 0; font-weight: bold; text-indent: 0">Exhibit Number</TD>
    <TD STYLE="width: 84%; padding: 0; font-weight: bold; text-indent: 0">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">10.1&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Amended and Restated Convertible Loan and Security Agreement, dated as of June 15, 2012, by and between Registrant and the Lender.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">10.2</TD>
    <TD STYLE="padding: 0; text-indent: 0">Convertible Promissory Note, dated as of June 15, 2012, in the principal amount of $619,122 issued by Registrant in favor of the Lender.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 5; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="margin: 0"></P>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "v317753_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 25430}]
{"company-data": {"conformed-name": "Vuzix Corp", "cik": "0001463972", "assigned-sic": "3577", "irs-number": "043392453", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53846", "film-number": "12945922"}, "business-address": {"street1": "75 TOWN CENTRE DRIVE", "city": "ROCHESTER", "state": "NY", "zip": "14623", "phone": "585-359-5900"}, "mail-address": {"street1": "75 TOWN CENTRE DRIVE", "city": "ROCHESTER", "state": "NY", "zip": "14623"}}
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)
– June 29, 2012
VUZIX CORPORATION
(Exact Name of Registrant as Specified in
its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-53846
04-3392453
(Commission File Number)
(IRS Employer Identification No.)
75 Town Centre Drive, Rochester, New
York 14623
(Address of principal executive offices)(Zip
code)
(585) 359-5900
(Registrant's Telephone Number, Including
Area Code)
Not Applicable
(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:
¨
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))
INFORMATION TO BE INCLUDED IN THE REPORT
SECTION 1 REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01. Entry into a Material Definitive Agreement.
(a)         On June 29,
2012, Vuzix Corporation ("Registrant") entered into an Amended and Restated Convertible Loan and Security Agreement
(the "Loan Agreement") with LC Capital Master Fund Ltd. (the "Lender"), pursuant to which the Lender loaned
Registrant $619,122 (the "Loan"). The Loan Agreement is an amendment and restatement of a Convertible Loan and Security
Agreement between the Lender and Registrant dated as of December 23, 2010 (the 'Original Loan Agreement"), which was
filed with the Commission on Form 8-K on December 30, 2010. The Loan is an amendment, restatement, renewal, extension and modification
of the remaining principal balance and interest thereon of the loan made by the Lender to the Registrant pursuant to the Original
Loan Agreement. The Loan bears interest at an annual rate of 13.5% per annum, payable monthly commencing July 15, 2012. The principal
of the Loan is payable in 12 equal monthly installments of $51,593.50 each beginning on October 15, 2012.
Concurrently with the
making of the Loan, Registrant entered into an Asset Purchase Agreement with TDG Acquisition Company (the "APA"), which
was filed with the Commission on Form 8-K on June 22, 2012. Registrant may receive certain earn out payments pursuant to the APA
and, if it does, Registrant is required to pay 40% of all amount so received in prepayment of the Loans.
The principal balance
of, and unpaid accrued interest on, the Loan are convertible into shares of the $.001 par value common stock ("Common Stock")
of Registrant at a conversion price of $0.09965 per share, subject to adjustment as set forth below. Registrant previously issued
to the Lender a Warrant to purchase up to 40,000,000 shares of Common Stock at an exercise price of $0.09965 per share (the "Warrant"),
subject to adjustment as set forth below. That Warrant expires on December 23, 2014. The maximum number of shares of Common Stock
that the Lender can acquire upon conversion of the Note and exercise of the Warrant is 46,517,695, subject to adjustment as set
forth below. The Lender has certain registration rights, and Registrant has certain registration obligations, as set forth in the
Original Loan Agreement .
The Loan Agreement
contains certain covenants and defines certain defaults, including but not limited to, payment defaults, defaults in the observance
of covenants contained in the Loan Agreement or in other agreements between Registrant and the Lender, insolvency and certain judgments
being entered against Registrant.
Registrant has granted
the Lender a security interest in substantially all the assets of Registrant as security for the Loan. The Lender has agreed to
subordinate its security interest in accounts receivable and inventory to a security interest granted by Registrant to a bank or
other institutional provider of lines of credit, of not more than $2,000,000.
In connection with
the execution of the Loan Agreement, the Promissory Note and Security Agreement between Registrant and the Lender dated May 18,
2012 were terminated.
The Loan Agreement,
is included as Exhibit 10.1 in this Current Report on Form 8-K. Please review that document for additional information regarding
the its terms.
(b)          Concurrently
with the execution and delivery of the Loan Agreement, Registrant executed and delivered to the Lender its Convertible Promissory
Note dated June 15, 2012, in the principal amount of $619,122 (the "Note"). The Note is payable on the same terms as
are set forth in the Loan Agreement, which are described in Item 1.01(a) of this report on Form 8-K. The Note is included as an
Exhibit 10.2 in this Current Report on Form 8-K. Please review that document for additional information regarding the its terms
..
SECTION 2 – FINANCIAL INFORMATION
ITEM 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant
(1)         On June 29, 2012, the Registrant
entered into the Note. The terms of the Note and of the obligations of Registrant under the Note are as set forth in Item 1.01
of this report on Form 8-K, in the Note, which is attached to this Form 8-K as Exhibit 10.2 and in the Loan Agreement which is
attached as Exhibit 10.1 to this Form 8-K.
(2)         Pursuant to the Loan Agreement,
the Lender has agreed to loan $619,122 to Registrant (the "Loan"). The Loan is evidenced by the Note. The Loan bears
interest at an annual rate of 13.5% per annum, payable monthly. The principal of the Loan is payable in 12 monthly installments
beginning on October 15, 2012. Registrant is also required to prepay the Loan each time it receives an earn-out payment pursuant
to the APA, as described in Item 1.01 of this report on Form 8-K. The other material terms of the Note are also set forth in Item
1.01 of this report on Form 8-K, in the Note, which is attached to this Form 8-K as Exhibit 10.2 and in the Loan Agreement which
is attached as Exhibit 10.1 to this Form 8-K.
Reference is made to
Item 1.01 of this report on Form 8-K, to the Loan Agreement, which is attached as Exhibit 10.1, and to the Note, which is
attached as Exhibit 10.2, for a complete statement of their terms.
SECTION 3 - SECURITES AND TRADING MARKETS
ITEM 3.02. Unregistered Sales of Equity
Securities
(a)         Pursuant to the Loan Agreement,
on June 29, 2012, Registrant issued to the Lender its promissory note in the principal amount of $619,122, convertible into shares
of Common Stock at an initial conversion price of $0.09965 per share, subject to limitation and adjustment as provided therein.
(b)         All of the securities specified
in the preceding subparagraph (a) were sold for cash. The amount payable to Registrant for such securities was $619,122. There
were no commissions paid or payable with respect to such sales.
ITEM 3.03 Material Modification to Rights
of Security Holders.
The Loan Agreement
has been amended to require that Registrant maintain at all times a balance of unrestricted cash and cash equivalents (not including
any cash held in any collateral account), together with undrawn availability under its working capital line, of at least 40% of
the (i) the outstanding principal amount of the Loan and (ii) accrued interest, measured on a monthly basis on the last day of
each month.
Item 9.01 Financial Statements and Exhibits
ITEM 9.01. Exhibits
Following is the Index
of Exhibits furnished in accordance with Item 601 of Regulation S-K, filed as part of this Current Report on Form 8-K or incorporated
by reference herewith:
10.1
Amended and Restated Convertible Loan and Security Agreement, dated as of June 15, 2012, by and between Registrant and the Lender.
10.2
Convertible Promissory Note, dated as of June 15, 2012, in the principal amount of $619,122 issued by Registrant in favor of the Lender.
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.
Date: July 3, 2012
VUZIX CORPORATION
By:
/s/ Grant Russell
Grant Russell,
Executive Vice President and CFO
EXHIBIT INDEX
Exhibit Number
Description
10.1
Amended and Restated Convertible Loan and Security Agreement, dated as of June 15, 2012, by and between Registrant and the Lender.
10.2
Convertible Promissory Note, dated as of June 15, 2012, in the principal amount of $619,122 issued by Registrant in favor of the Lender.