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<title>8-K, Item 2.03, Lease Agreement</title>



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<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size="2">&nbsp;</font></b></p>









<p class=MsoNormal align=center style='text-align:center'><b><font size="2">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, DC 20549<br>
<br>
</font>
</b></p>





<p class=MsoNormal align=center style='text-align:center'><b><font size="2">FORM 8&#8209;K</font></b></p>





<p class=MsoNormal align=center style='text-align:center'><b><font size="2">CURRENT REPORT Pursuant<br>
to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</font></b></p>





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  <td width=325 valign=top style='width:243.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">Date of report (Date of
  earliest event reported):</font></p>
  </td>
  <td width=181 valign=top style='width:135.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b><font size="2">December
  29, 2006</font></b></p>
  </td>
 </tr>
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<p class=MsoNormal align=center style='text-align:center'><b><font size="2">TOR Minerals International, Inc.<br>
</font>
</b><font size="2">(Exact Name of Registrant as
Specified in Its Charter)</font></p>



<p class=MsoNormal align=center style='text-align:center'><b><font size="2">Delaware<br>
</font>
</b><font size="2">(State or Other
Jurisdiction of Incorporation)</font></p>



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  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">0-17321<br>
  </font>
  </b><font size="2">(Commission
  File Number)<br>
  <br>
  </font>
  </p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">74-2081929<br>
  </font>
  </b><font size="2">(IRS Employer Identification No.)<br>
  <br>
  </font>
  </p>
  </td>
 </tr>
 <tr>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">722 Burleson Street<br>
  Corpus Christi, Texas</font></b></p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2"><br>
  78402</font></b></p>
  </td>
 </tr>
 <tr>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">(Address of Principal
  Executive Offices)</font></p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">(Zip Code)</font></p>
  </td>
 </tr>
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</div>



<p class=MsoNormal align=center style='text-align:center'><b><font size="2">(361) 883-5591<br>
</font>
</b><font size="2">(Registrant's Telephone Number, Including Area Code)</font></p>



<p class=MsoNormal align=center style='text-align:center'><b><font size="2">N/A<br>
</font>
</b><font size="2">(Former Name or
Former Address, if Changed Since Last Report)</font></p>



<p class=MsoNormal style='text-align:justify;line-height:13.0pt'><font size="2">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 (<i>see </i>General
Instruction A.2. below):</font></p>



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	<font size="2">___</font></p>
  </td>
  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</font></p>
  </td>
 </tr>
 <tr>
  <td width=38 valign=top style='width:28.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;line-height:13.0pt'>
	<font size="2">___</font></p>
  </td>
  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)</font></p>
  </td>
 </tr>
 <tr>
  <td width=38 valign=top style='width:28.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;line-height:13.0pt'>
	<font size="2">___</font></p>
  </td>
  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
  </td>
 </tr>
 <tr>
  <td width=38 valign=top style='width:28.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;line-height:13.0pt'>
	<font size="2">___</font></p>
  </td>
  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
  </td>
 </tr>
</table>

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<p class=MsoNormal style='margin-left:1.0in;text-align:justify;text-indent:
-1.0in'><b><font size="2">ITEM 2.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> <u><font size="2">CREATION
OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET
ARRANGEMENT OF A REGISTRANT</font></u></b></p>



<p class=MsoNormal style='text-align:justify'><font size="2">We
entered into a lease agreement schedule (the &quot;Schedule&quot;) on December 29, 2006 with
Banc of America Leasing and Capital, LLC (&quot;BALC&quot;) for equipment related to the
production of HITOX.&nbsp; The lease, in the amount of $177,353, has a term of 60
months with equal installments of $2,961.67.&nbsp; At the end of the lease term, we
can either:&nbsp; 1) return the equipment; 2) extend the lease for a period to be
agreed upon by us and BALC for an amount equal to the equipment's fair market
rental value as determined by BALC; or 3) purchase the equipment at the then
fair market value of the equipment.</font></p>



<p class=MsoNormal style='text-align:justify'><font size="2">The
Schedule contains an early buyout provision that grants us the option of
purchasing the equipment after payment of the 48th installment for $67,926.201
plus any applicable taxes.</font></p>



<p class=MsoNormal style='text-align:justify'><font size="2">The
Schedule is part of a master lease agreement entered into with BALC dated August
9, 2004.</font></p>





<p class=MsoNormal style='text-align:justify'><b><font size="2">ITEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> <u><font size="2">FINANCIAL STATEMENTS AND EXHIBITS</font></u></b></p>



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  <td width=49 valign=top style='width:36.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(a)</font></p>
  </td>
  <td width=512 valign=top style='width:384.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Financial
  Statements of Businesses Acquired.<br>
  Not applicable.</font></p>
  </td>
 </tr>
 <tr>
  <td width=49 valign=top style='width:36.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(b)</font></p>
  </td>
  <td width=512 valign=top style='width:384.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Pro
  Forma Financial Information.<br>
  Not applicable.</font></p>
  </td>
 </tr>
 <tr>
  <td width=49 valign=top style='width:36.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(c)</font></p>
  </td>
  <td width=512 valign=top style='width:384.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Shell company transaction<br>
  Not applicable</font></p>
  </td>
 </tr>
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  <td width=49 valign=top style='width:36.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(d)</font></p>
  </td>
  <td width=512 valign=top style='width:384.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Exhibits.</font></p>

  <p class=MsoNormal><font size="2">The
  following exhibits are furnished in accordance with the provisions of Item
  601 of Regulation S-B:</font></p>

  </td>
 </tr>
 <tr>
  <td width=49 valign=top style='width:36.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=512 valign=top style='width:384.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Exhibit</font></p>
  <p class=MsoNormal style='margin-left:71.3pt;text-indent:-71.3pt'><u>
	<font size="2">Number</font></u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> <u><font size="2">Description</font></u></p>

  <p class=MsoNormal style='margin-left:71.3pt;text-indent:-71.3pt'>
	<font size="2">&nbsp;&nbsp; 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schedule
  Number 005 to Master Lease Agreement with BALC, dated December 20, 2006</font></p>

  <p class=MsoNormal style='margin-left:71.3pt;text-indent:-71.3pt'>
	<font size="2">&nbsp;&nbsp; 10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Master
  Lease Agreement with BALC, dated August 9, 2004 (incorporated by reference
  from Exhibit 10.1 to our Current Report on Form 8-K filed October 6, 2004)</font></p>

  </td>
 </tr>
</table>

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<p class=MsoNormal align=center style='text-align:center'><b><font size="2">SIGNATURES</font></b></p>



<p class=MsoNormal style='text-align:justify'><font size="2">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.</font></p>





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  <td width=366 valign=top style='width:274.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">TOR MINERALS INTERNATIONAL, INC.<br>
  <b>_____________________<br>
  </b>(Registrant)</font></p>
  </td>
 </tr>
 <tr>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=366 valign=top style='width:274.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=366 valign=top style='width:274.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
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  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Date: January 4, 2007</font></p>
  </td>
  <td width=366 valign=top style='width:274.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><u>
	<font size="2">/s/ STEVEN H. PARKER</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=366 valign=top style='width:274.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">Steven H. Parker<br>
  Treasurer and CFO</font></p>
  </td>
 </tr>
</table>









<p class=MsoNormal align=center style='text-align:center'><b><font size="2">EXHIBIT INDEX</font></b></p>



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 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">Exhibit No.</font></b></p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">Description</font></b></p>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">10.1</font></p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Schedule
  Number 005 to Master Lease Agreement with BALC, dated December 20, 2006<br>
  <br>
  </font>
  </p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">10.2</font></p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Master
  Lease Agreement with BALC, dated August 9, 2004 (incorporated by reference
  from Exhibit 10.1 to our Current Report on Form 8-K filed October 6, 2004)</font></p>
  </td>
 </tr>
</table>

</div>

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{"company-data": {"conformed-name": "TOR MINERALS INTERNATIONAL INC", "cik": "0000842295", "assigned-sic": "2810", "irs-number": "742081929", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17321", "film-number": "07509510"}, "business-address": {"street1": "722 BURLESON", "city": "CORPUS CHRISTI", "state": "TX", "zip": "78402", "phone": "3618825175"}, "mail-address": {"street1": "722 BURLESON", "city": "CORPUS CHRISTI", "state": "TX", "zip": "78402"}, "former-company": {"former-conformed-name": "HITOX CORPORATION OF AMERICA", "date-changed": "19920703"}}
8-K, Item 2.03, Lease Agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
December
  29, 2006
TOR Minerals International, Inc.
(Exact Name of Registrant as
Specified in Its Charter)
Delaware
(State or Other
Jurisdiction of Incorporation)
0-17321
(Commission
  File Number)
74-2081929
(IRS Employer Identification No.)
722 Burleson Street
Corpus Christi, Texas
78402
(Address of Principal
  Executive Offices)
(Zip Code)
(361) 883-5591
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or
Former Address, if Changed Since Last Report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions (
see
General
Instruction A.2. below):
___
Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)
___
Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)
___
Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
___
Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
ITEM 2.03
CREATION
OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET
ARRANGEMENT OF A REGISTRANT
We
entered into a lease agreement schedule (the "Schedule") on December 29, 2006 with
Banc of America Leasing and Capital, LLC ("BALC") for equipment related to the
production of HITOX.  The lease, in the amount of $177,353, has a term of 60
months with equal installments of $2,961.67.  At the end of the lease term, we
can either:  1) return the equipment; 2) extend the lease for a period to be
agreed upon by us and BALC for an amount equal to the equipment's fair market
rental value as determined by BALC; or 3) purchase the equipment at the then
fair market value of the equipment.
The
Schedule contains an early buyout provision that grants us the option of
purchasing the equipment after payment of the 48th installment for $67,926.201
plus any applicable taxes.
The
Schedule is part of a master lease agreement entered into with BALC dated August
9, 2004.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(a)
Financial
  Statements of Businesses Acquired.
Not applicable.
(b)
Pro
  Forma Financial Information.
Not applicable.
(c)
Shell company transaction
Not applicable
(d)
Exhibits.
The
  following exhibits are furnished in accordance with the provisions of Item
  601 of Regulation S-B:
Exhibit
Number
Description
10.1                      Schedule
  Number 005 to Master Lease Agreement with BALC, dated December 20, 2006
10.2                      Master
  Lease Agreement with BALC, dated August 9, 2004 (incorporated by reference
  from Exhibit 10.1 to our Current Report on Form 8-K filed October 6, 2004)
2
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.
TOR MINERALS INTERNATIONAL, INC.
_____________________
(Registrant)
Date: January 4, 2007
/s/ STEVEN H. PARKER
Steven H. Parker
Treasurer and CFO
EXHIBIT INDEX
Exhibit No.
Description
10.1
Schedule
  Number 005 to Master Lease Agreement with BALC, dated December 20, 2006
10.2
Master
  Lease Agreement with BALC, dated August 9, 2004 (incorporated by reference
  from Exhibit 10.1 to our Current Report on Form 8-K filed October 6, 2004)
3