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        FP Technology, Inc. elects Board of Director Mark Tunney
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          STATES</strong></font></div>
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          AND EXCHANGE COMMISSION</strong></font></div>
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          D.C. 20549</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FORM
          8-K</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>__________________________</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
          REPORT</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
          TO SECTION 13 OR 15(d) OF THE</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
          EXCHANGE ACT OF 1934</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Date
          of
          Report (date of earliest event reported): April 18, 2007</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>__________________________</u></font></div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FP
          TECHNOLOGY, INC.</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(Exact
          Name of Registrant as Specified in its Charter)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>__________________________</u></font></div>
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                    Employer</font></div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Incorporation
                    or Organization)</font></div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Identification
                    No.)</font></div>
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          Wells Avenue, Suite 100, Newton, Massachusetts 02459</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(Address
          of Principal Executive Offices) (Zip Code)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>(617)
          928-6001</strong></font></div>
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          telephone number,</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">including
          area code)</font></div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">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:</font></div>
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          communications pursuant to Rule 425 under the Securities Act (17 CFR
          230.425)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">o</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;Soliciting
          material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
          240.14a-12)</font></div>
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          communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
          240.14d-2(b))</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">o</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;Pre-commencement
          communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
          240.13e-4(c))</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
          </div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Item
          5.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 18pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 18pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Departure
          of Directors or Principal Officers; Election of Directors; Appointment of
          Certain Officers; Compensatory Arrangements of Certain
          Officers.</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 18pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 18pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Effective
          April 18, 2007, Mark A. Tunney became a director of FP Technology, Inc. (the
          &#8220;Company&#8221;). Mr. Tunney was elected by the directors to fill a vacancy on the
          Board of Directors of the Company. It is expected that Mr. Tunney will serve
          as
          a member of the Compensation Committee, the Audit Committee and the Nominating
          Committee of the Board of Directors.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Mr.
          Tunney has 20 years of experience investing in public and private companies.
          He
          is the founder and owner of Lionshead Capital Management, LLC.&#160; Through its
          joint venture with JMG Capital Management, LLC and Pacific Assets Management,
          LLC, Lionshead Capital makes direct investments in publicly-traded small
          and
          mid-cap companies. &#160;Previously, Mr. Tunney was a partner at Bristol Capital
          Advisors, LLC. Before that, Mr. Tunney was a Senior Vice President in the
          corporate finance department of Tucker Anthony Sutro where he specialized
          in
          M&amp;A and financing public and private companies in the technology and
          healthcare sectors. Mr. Tunney also worked at Ocean Capital Corporation,
          a Los
          Angeles-based private equity firm, and Dean Witter Reynolds Inc. in New York
          in
          the technology group of the corporate finance department. Mr. Tunney received
          a
          B.A. in History with Honors from UCLA and an M.B.A. from the UCLA Anderson
          School of Management.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Mr.
          Tunney will serve an initial term until the next annual meeting of stockholders.
          </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">The
          Board
          has approved a grant of restricted stock to Mr. Tunney of 60,000 shares of
          common stock to Mr. Tunney, vesting pro rata 1/24</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">
          per
          month over a two year period, and subject to other conditions to be set forth
          in
          a written agreement under the Company&#8217;s 2006 Stock Incentive Plan. Additionally,
          the Board has approved a one-time cash award to Mr. Tunney of approximately
          $84,000 to compensate for any tax liability associated with the restricted
          stock
          grant. If Mr. Tunney&#8217;s tax liability should be greater than the above-mentioned
          payment, the Board will use reasonable efforts to work with Mr. Tunney to
          resolve any additional tax liability. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Each
          member of the Board of Directors who is not an employee (each a &#8220;non-employee
          director&#8221;) receives an annual retainer of $10,000 and will receive $1,000 for
          each meeting of our Board of Directors attended either in person or
          telephonically. Non-employee directors receive $500 for each committee meeting
          attended either in person or telephonically, unless such committee meeting
          shall
          last more than one hour. In such case the committee meeting fee will be $1,000.
          Non-employee directors may also receive additional compensation for attending
          special meetings of the Board of Directors and such additional compensation
          may
          not be equal among the individual non-employee directors. Such additional
          compensation is intended to reflect special efforts of such board members.
          Board
          members will be reimbursed for reasonable travel expenses associated with
          attending any meetings of the Board of Directors or committees of the Board
          of
          Directors. Mr. Tunney will be compensated as a non-employee
          director.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">As
          previously disclosed on a Form 8-K filed by the Company with the Securities
          and
          Exchange Commission on April 4, 2006, the Company entered into a Securities
          Purchase Agreement (the "Purchase Agreement") with certain institutional
          investors (the &#8220;Purchasers&#8221;) pursuant to which the Buyers agreed to purchase (i)
          the Company's Senior Secured Nonconvertible Notes due 2011 (the "Nonconvertible
          Notes") in an aggregate principal amount of $50,000,000; and (ii) warrants
          (the
          "Warrants") to acquire in the aggregate up to 6,875,000 shares of Company
          common
          stock in such amounts set forth opposite each Buyer's name in the Schedule
          of
          Buyers attached to the Purchase Agreement (the "Warrant Shares"). The purchase
          and sale of the Nonconvertible Notes and Warrants was consummated on March
          29,
          2006. Also, as previously disclosed on Form 8-K filed with the Securities
          and
          Exchange Commission on January 25, 2007, the Company on January 24, 2007,
          entered into a Master Exchange Agreement (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>Exchange
          Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#8221;)
          with
          each of the Purchasers pursuant to which the Company exchanged with the
          Purchasers all of their outstanding (i)&#160;Nonconvertible Notes and (ii)
          Warrants for the following aggregate consideration: </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top" style="line-height: 1.25;">
              <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">$45,000,000
                  in cash plus accrued interest on the Senior Secured Nonconvertible
                  Notes
                  Due 2011;</font></div>
              </td>
            </tr>
  
        </table>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top" style="line-height: 1.25;">
              <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">A
                  new issue of Senior Secured Convertible Notes Due 2009 in the aggregate
                  principal amount of $5,600,000 (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>New
                  Notes</u></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#8221;),
                  issued under an indenture with The Bank of New York (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>New
                  Indenture</u></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#8221;);
                  </font></div>
              </td>
            </tr>
  
        </table>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top" style="line-height: 1.25;">
              <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Warrants
                  to purchase an aggregate of 1,214,285 shares of Common Stock at an
                  exercise price of $7.00 per share (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>New
                  Warrants</u></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#8221;);
                  and </font></div>
              </td>
            </tr>
  
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top" style="line-height: 1.25;">
              <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">1,500,000
                  fully-paid shares of Common Stock (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><u>New
                  Shares</u></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#8221;).
                  </font></div>
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            </tr>
  
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Lionshead
          Capital Management, LLC acted as a consultant to JMG Capital Management,
          LLC and
          Pacific Assets Management, LLC, which are the investment managers of JMG
          Capital
          Partners LP and JMG Triton Offshore Fund, Ltd., respectively, regarding the
          Purchase Agreement and the Exchange Agreement described above. </font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Lionshead
          participates in the net profits of transactions that the JMG funds consummate
          as
          a result of Lionshead&#8217;s efforts. </font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">To
          the
          Company&#8217;s knowledge, JMG Capital Partners LP and JMG Triton Offshore Fund, Ltd.
          each currently own New Notes in the principal amount of $378,000, 81,964
          New
          Warrants and 101,250 New Shares. The Company did not enter into any transactions
          directly with Lionshead Capital Management, LLC or Mr. Tunney relating to
          the
          Purchase Agreement or the Exchange Agreement and has had no other prior
          financial relationship with Lionshead Capital Management, LLC or Mr.
          Tunney.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Item
          9.01 </strong></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(d)
          Exhibit index.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
  
              <tr>
                <td valign="top" width="15%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Exhibit
                    No.</font></div>
                </td>
                <td align="left" valign="top" width="72%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Description</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="15%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><a href="ex99_1formletterofagreement.htm">99.1</a>&#160;&#160;</font></div>
                </td>
                <td align="left" valign="top" width="72%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Form
                    of Letter Agreement between the Registrant and Mark A. Tunney,
                    effective
                    April 18, 2007</font></div>
                </td>
              </tr>
  
          </table>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, the
        registrant has duly caused this report to be signed on its behalf by the
        undersigned thereunto duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">
  
            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: " size="3"><strong>FP
                TECHNOLOGY, INC.</strong></font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<font size="3">Date:
                April 23, 2007</font></font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;
  Stephen
                Peary</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="FONT-FAMILY: " size="1">&#160;</font></td>
              <td align="left">
                <hr style="COLOR: black" align="left" noshade size="2" width="80%">
              </td>
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            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: " size="3">Chief
                Financial Officer</font></td>
            </tr>
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "tunney8k.htm", "description": "FP TECHNOLOGY, INC. ELECTS BOARD OF DIRECTOR MARK TUNNEY", "secsgml_size_bytes": 34052}]
metadata_filer: {"company-data": {"conformed-name": "FP Technology, Inc.", "cik": "0001012316", "assigned-sic": "7310", "irs-number": "841249735", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28515", "film-number": "07785107"}, "business-address": {"street1": "181 WELLS AVENUE", "street2": "SUITE 100", "city": "NEWTON,", "state": "MA", "zip": "02459", "phone": "(617) 928-6001"}, "mail-address": {"street1": "181 WELLS AVENUE", "street2": "SUITE 100", "city": "NEWTON,", "state": "MA", "zip": "02459"}, "former-company": [{"former-conformed-name": "AFG Enterprises USA, Inc.", "date-changed": "20050809"}, {"former-conformed-name": "IN STORE MEDIA SYSTEMS INC", "date-changed": "19991210"}]}
text: FP Technology, Inc. elects Board of Director Mark Tunney
  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, 2007
  __________________________
  FP
          TECHNOLOGY, INC.
  (Exact
          Name of Registrant as Specified in its Charter)
  __________________________
  Delaware
  000-28515
  20-3446646
  (State
                    or Other Jurisdiction of
  (Commission
                    File Number)
  (I.R.S.
                    Employer
  Incorporation
                    or Organization)
  Identification
                    No.)
  181
          Wells Avenue, Suite 100, Newton, Massachusetts 02459
  (Address
          of Principal Executive Offices) (Zip Code)
  (617)
          928-6001
  (Registrant's
          telephone number,
  including
          area code)
  __________________________
  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:
  o
  Written
          communications pursuant to Rule 425 under the Securities Act (17 CFR
          230.425)
  o
  Soliciting
          material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
          240.14a-12)
  o
  Pre-commencement
          communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
          240.14d-2(b))
  o
  Pre-commencement
          communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
          240.13e-4(c))
  Item
          5.02
  Departure
          of Directors or Principal Officers; Election of Directors; Appointment of
          Certain Officers; Compensatory Arrangements of Certain
          Officers.
  (d)
  Effective
          April 18, 2007, Mark A. Tunney became a director of FP Technology, Inc. (the
          "Company"). Mr. Tunney was elected by the directors to fill a vacancy on the
          Board of Directors of the Company. It is expected that Mr. Tunney will serve
          as
          a member of the Compensation Committee, the Audit Committee and the Nominating
          Committee of the Board of Directors.
  Mr.
          Tunney has 20 years of experience investing in public and private companies.
          He
          is the founder and owner of Lionshead Capital Management, LLC.  Through its
          joint venture with JMG Capital Management, LLC and Pacific Assets Management,
          LLC, Lionshead Capital makes direct investments in publicly-traded small
          and
          mid-cap companies.  Previously, Mr. Tunney was a partner at Bristol Capital
          Advisors, LLC. Before that, Mr. Tunney was a Senior Vice President in the
          corporate finance department of Tucker Anthony Sutro where he specialized
          in
          M&A and financing public and private companies in the technology and
          healthcare sectors. Mr. Tunney also worked at Ocean Capital Corporation,
          a Los
          Angeles-based private equity firm, and Dean Witter Reynolds Inc. in New York
          in
          the technology group of the corporate finance department. Mr. Tunney received
          a
          B.A. in History with Honors from UCLA and an M.B.A. from the UCLA Anderson
          School of Management.
  Mr.
          Tunney will serve an initial term until the next annual meeting of stockholders.
  The
          Board
          has approved a grant of restricted stock to Mr. Tunney of 60,000 shares of
          common stock to Mr. Tunney, vesting pro rata 1/24
  th
  per
          month over a two year period, and subject to other conditions to be set forth
          in
          a written agreement under the Company's 2006 Stock Incentive Plan. Additionally,
          the Board has approved a one-time cash award to Mr. Tunney of approximately
          $84,000 to compensate for any tax liability associated with the restricted
          stock
          grant. If Mr. Tunney's tax liability should be greater than the above-mentioned
          payment, the Board will use reasonable efforts to work with Mr. Tunney to
          resolve any additional tax liability.
  Each
          member of the Board of Directors who is not an employee (each a "non-employee
          director") receives an annual retainer of $10,000 and will receive $1,000 for
          each meeting of our Board of Directors attended either in person or
          telephonically. Non-employee directors receive $500 for each committee meeting
          attended either in person or telephonically, unless such committee meeting
          shall
          last more than one hour. In such case the committee meeting fee will be $1,000.
          Non-employee directors may also receive additional compensation for attending
          special meetings of the Board of Directors and such additional compensation
          may
          not be equal among the individual non-employee directors. Such additional
          compensation is intended to reflect special efforts of such board members.
          Board
          members will be reimbursed for reasonable travel expenses associated with
          attending any meetings of the Board of Directors or committees of the Board
          of
          Directors. Mr. Tunney will be compensated as a non-employee
          director.
  As
          previously disclosed on a Form 8-K filed by the Company with the Securities
          and
          Exchange Commission on April 4, 2006, the Company entered into a Securities
          Purchase Agreement (the "Purchase Agreement") with certain institutional
          investors (the "Purchasers") pursuant to which the Buyers agreed to purchase (i)
          the Company's Senior Secured Nonconvertible Notes due 2011 (the "Nonconvertible
          Notes") in an aggregate principal amount of $50,000,000; and (ii) warrants
          (the
          "Warrants") to acquire in the aggregate up to 6,875,000 shares of Company
          common
          stock in such amounts set forth opposite each Buyer's name in the Schedule
          of
          Buyers attached to the Purchase Agreement (the "Warrant Shares"). The purchase
          and sale of the Nonconvertible Notes and Warrants was consummated on March
          29,
          2006. Also, as previously disclosed on Form 8-K filed with the Securities
          and
          Exchange Commission on January 25, 2007, the Company on January 24, 2007,
          entered into a Master Exchange Agreement (the "
  Exchange
          Agreement
  ")
          with
          each of the Purchasers pursuant to which the Company exchanged with the
          Purchasers all of their outstanding (i) Nonconvertible Notes and (ii)
          Warrants for the following aggregate consideration:
  ·
  $45,000,000
                  in cash plus accrued interest on the Senior Secured Nonconvertible
                  Notes
                  Due 2011;
  ·
  A
                  new issue of Senior Secured Convertible Notes Due 2009 in the aggregate
                  principal amount of $5,600,000 (the "
  New
                  Notes
  "),
                  issued under an indenture with The Bank of New York (the "
  New
                  Indenture
  ");
  ·
  Warrants
                  to purchase an aggregate of 1,214,285 shares of Common Stock at an
                  exercise price of $7.00 per share (the "
  New
                  Warrants
  ");
                  and
  ·
  1,500,000
                  fully-paid shares of Common Stock (the "
  New
                  Shares
  ").
  Lionshead
          Capital Management, LLC acted as a consultant to JMG Capital Management,
          LLC and
          Pacific Assets Management, LLC, which are the investment managers of JMG
          Capital
          Partners LP and JMG Triton Offshore Fund, Ltd., respectively, regarding the
          Purchase Agreement and the Exchange Agreement described above.
  Lionshead
          participates in the net profits of transactions that the JMG funds consummate
          as
          a result of Lionshead's efforts.
  To
          the
          Company's knowledge, JMG Capital Partners LP and JMG Triton Offshore Fund, Ltd.
          each currently own New Notes in the principal amount of $378,000, 81,964
          New
          Warrants and 101,250 New Shares. The Company did not enter into any transactions
          directly with Lionshead Capital Management, LLC or Mr. Tunney relating to
          the
          Purchase Agreement or the Exchange Agreement and has had no other prior
          financial relationship with Lionshead Capital Management, LLC or Mr.
          Tunney.
  Item
          9.01
  (d)
          Exhibit index.
  Exhibit
                    No.
  Description
  99.1
  Form
                    of Letter Agreement between the Registrant and Mark A. Tunney,
                    effective
                    April 18, 2007
  SIGNATURES
  Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, the
        registrant has duly caused this report to be signed on its behalf by the
        undersigned thereunto duly authorized.
  FP
                TECHNOLOGY, INC.
  Date:
                April 23, 2007
  By:
  /s/ 
  Stephen
                Peary
  Chief
                Financial Officer