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<title>Pro-Dex, Inc.Form 8-K by edgar2.com</title>



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<p><b>&nbsp;</b></p>









<p align="center"><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington</b><b>,
 D.C.</b><b>&nbsp; 20549</b></p>





<p align=center style='text-align:center'><b>FORM 8-K</b></p>

<p align="center"><b>CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</b></p>





<p align=center style='text-align:center'>Date of Report <br>
<font size="2">(Date of earliest event reported)</font><b><font size="2"> <br>
</font>October 31, 2005</b></p>





<p align=center style='text-align:center'><b><font size="4">PRO-DEX, INC.<br>
</font></b><font size="2">(Exact name of registrant as specified in its charter)</font></p>
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			<td width="221" align="center">





<p align=center style='text-align:center'><b>COLORADO</b></p></td>
			<td align="center" width="275"><b>0-14942</b></td>
			<td align="center"><b>84-1261240</b></td>
		</tr>
		<tr>
			<td width="221" align="center"><font size="2">(State or other</font></td>
			<td align="center" width="275"><font size="2">(Commission File
			Number)</font></td>
			<td align="center"><font size="2">(IRS
Employer </font></td>
		</tr>
		<tr>
			<td width="221" align="center"><font size="2">jurisdiction of</font></td>
			<td align="center" width="275">&nbsp;</td>
			<td align="center"><font size="2">Identification Number)</font></td>
		</tr>
		<tr>
			<td width="221" align="center"><font size="2">incorporation)</font></td>
			<td align="center" width="275">&nbsp;</td>
			<td align="center">&nbsp;</td>
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<p align=center style='text-align:center'><b>151 East Columbine Avenue<br>
Santa Ana</b><b>, California </b><b>92707<br>
</b><font size="2">(Address of Principal Executive Offices)</font></p>

<p align=center style='text-align:center'><b>(714) 241-4411<br>
</b><font size="2">(Registrant's Telephone Number, Including Area Code)</font></p>





<p style='text-autospace:none'>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): </p>



<p style='text-autospace:none; margin-top:0; margin-bottom:0.001pt'>[&nbsp;&nbsp; ] &nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p>

<p style='text-autospace:none; margin-top:0; margin-bottom:0.001pt'>[&nbsp;&nbsp; ] &nbsp;Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>

<p style='margin-left:20.0pt;text-indent:-20.0pt;text-autospace:
none; margin-top:0; margin-bottom:0.001pt'>[&nbsp;&nbsp; ] &nbsp;Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) </p>

<p style='text-autospace:none; margin-top:0; margin-bottom:0.001pt'>[&nbsp;&nbsp; ] &nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) </p>
<p style='text-autospace:none; margin-top:0; margin-bottom:0.001pt'>&nbsp;</p>
<p style='text-autospace:none; margin-top:0; margin-bottom:0.001pt'>&nbsp;</p>
<p style='text-autospace:none; margin-top:0; margin-bottom:0.001pt'>&nbsp;</p>



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<p style='margin-left:108.0pt;text-indent:-108.0pt'><b>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry into a Material
Definitive Agreement</b></p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On October
31, 2005, Pro-Dex, Inc. (the &quot;Company&quot;) entered into an Asset Purchase
Agreement (the &quot;Purchase Agreement&quot;) with IntraVantage, Inc., a Delaware
corporation (&quot;IntraVantage&quot;), whereby the Company purchased from IntraVantage
certain of IntraVantage's assets related to IntraVantage's dental products
business, including all of IntraVantage's intellectual property rights (the
&quot;Intellectual Property&quot; and, collectively with the other purchased assets, the
&quot;Assets&quot;).&nbsp; The purchase price for the Assets comprised of the following
consideration:</p>



<ul style='margin-top:0pt' type=disc>
 <li class=MsoNormal>$226,087 in cash paid to
     IntraVantage on October 31, 2005;</li>
 <li class=MsoNormal style='margin-top:12.0pt'>$893,271
     in cash paid to IntraVantage's bank on October 31, 2005 as full payoff and
     release of all of IntraVantage's credit obligations with such bank; and</li>
 <li class=MsoNormal style='margin-top:12.0pt'>$400,000
     in cash payable to IntraVantage in annual installments of $100,000 on each
     of October 31, 2006, 2007, 2008 and 2009.</li>
</ul>

<p style='margin-top:12.0pt;text-indent:35.0pt'>As further inducement for IntraVantage to enter into
the Purchase Agreement, Pro-Dex also entered into an Exclusive License
Agreement and a Royalty Agreement with IntraVantage in conjunction with the
October 31, 2005 closing of the Purchase Agreement.&nbsp; The Exclusive License
Agreement grants to IntraVantage an exclusive, worldwide, irrevocable,
royalty-free and perpetual license to use the Intellectual Property in any
non-dental related field of use.&nbsp; The Royalty Agreement requires that the
Company pay to IntraVantage certain royalty payments on revenues generated from
future sales of products by the Company which fall within the scope of,
incorporate, are a modification of or are substantially derived from one or
more of the patents included in the Intellectual Property.</p>



<p style='margin-left:0pt;text-indent:0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Also
in conjunction with the closing of the Purchase Agreement, the Company agreed
to terminate a supply agreement between the Company and IntraVantage, along
with all amendments thereto. Pursuant to this termination, IntraVantage shall
return to the Company certain products previously delivered to IntraVantage
under the supply agreement in exchange for the Company issuing to IntraVantage
a credit memo equal to the full value of outstanding IntraVantage invoices
related to the supply agreement.</p>



<p style='margin-left:0pt;text-indent:0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
November 2, the Company issued a press release announcing the Purchase
Agreement and the other agreements entered into in conjunction therewith.&nbsp; A
copy of the press release is attached hereto as Exhibit 99.1 and incorporated
herein by reference.</p>



<p style='margin-left:0pt;text-indent:0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
foregoing descriptions of the agreements set forth above and included in the
above referenced press release do not purport to be a complete description of
all of the terms of such agreements, and are qualified in their entirety by
reference to the full terms of the Purchase Agreement, Exclusive License
Agreement and Royalty Agreement, copies of which are attached hereto as
Exhibits 10.1, 10.2 and 10.3, respectively, and incorporated herein by
reference.</p>
<p style='margin-left:0pt;text-indent:0pt'>&nbsp;</p>
<p style='margin-left:0pt;text-indent:0pt' align="center">2</p>



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<p><b><u>Item 9.01</u></b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibits</u></b></p>

<p>&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</p>

<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:0pt;margin-bottom:.0001pt;text-indent:36.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibit
No.</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></p>

<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:144.0pt;margin-bottom:.0001pt;text-indent:-72.0pt'>
<font size="2">Exhibit
10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Purchase Agreement, dated October 31, 2005, between Pro-Dex,
Inc. and IntraVantage, Inc.</font></p>

<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:144.0pt;margin-bottom:.0001pt;text-indent:-72.0pt'>
<font size="2">Exhibit
10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exclusive License Agreement, dated October 31, 2005, between Pro-Dex,
Inc. and IntraVantage, Inc.</font></p>

<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:144.0pt;margin-bottom:.0001pt;text-indent:-72.0pt'>
<font size="2">Exhibit
10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royalty Agreement, dated October 31, 2005, between Pro-Dex, Inc. and
IntraVantage, Inc.</font></p>

<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:36.0pt;margin-bottom:.0001pt;text-indent:36.0pt'>
<font size="2">Exhibit
99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press Release dated November 2, 2005</font></p>
<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:36.0pt;margin-bottom:.0001pt;text-indent:36.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:36.0pt;margin-bottom:.0001pt;text-indent:36.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:36.0pt;margin-bottom:.0001pt;text-indent:36.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:36.0pt;margin-bottom:.0001pt;text-indent:36.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:36.0pt;margin-bottom:.0001pt;text-indent:36.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;
margin-bottom:0pt;margin-left:36.0pt;margin-bottom:.0001pt;' align="center">3</p>

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<p align=center style='text-align:center'><b>SIGNATURES</b></p>





<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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>Date:&nbsp; November 1, 2005&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>PRO-DEX, INC.</b></p>





<p style='margin-left:234.0pt'>By:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/&nbsp; Patrick Johnson&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;&nbsp;&nbsp;&nbsp;
<br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Patrick Johnson<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</p>

<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">4</p>

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<p align=center style='text-align:center'><b>INDEX TO EXHIBITS</b></p>

<p><b>&nbsp;</b></p>

<p><b>&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p>

<p><b>&nbsp;&nbsp;  Exhibit<br>
<u>&nbsp; Number&nbsp; </u></b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></b>
</p>



<p style='margin-left:72.0pt;text-indent:-54.0pt'><font size="2">10.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset
Purchase Agreement, dated October 31, 2005, between Pro-Dex, Inc. and
IntraVantage, Inc.</font></p>

<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>
<font size="2">10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exclusive
License Agreement, dated October 31, 2005, between Pro-Dex, Inc. and
IntraVantage, Inc.</font></p>

<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>
<font size="2">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royalty
Agreement, dated October 31, 2005, between Pro-Dex, Inc. and IntraVantage, Inc.</font></p>

<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>
<font size="2">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press
Release dated November 2, 2005</font></p>
<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-left:72.0pt;margin-bottom:.0001pt;text-indent:-54.0pt'>&nbsp;</p>
<p style='margin-top:12.0pt;margin-right:0pt;margin-bottom:
0pt;margin-bottom:.0001pt;' align="center">5</p>



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Pro-Dex, Inc.Form 8-K by edgar2.com
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)
October 31, 2005
PRO-DEX, INC.
(Exact name of registrant as specified in its charter)
COLORADO
0-14942
84-1261240
(State or other
(Commission File
			Number)
(IRS
Employer
jurisdiction of
Identification Number)
incorporation)
151 East Columbine Avenue
Santa Ana
, California
92707
(Address of Principal Executive Offices)
(714) 241-4411
(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 (
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))
Item 1.01                    Entry into a Material
Definitive Agreement
On October
31, 2005, Pro-Dex, Inc. (the "Company") entered into an Asset Purchase
Agreement (the "Purchase Agreement") with IntraVantage, Inc., a Delaware
corporation ("IntraVantage"), whereby the Company purchased from IntraVantage
certain of IntraVantage's assets related to IntraVantage's dental products
business, including all of IntraVantage's intellectual property rights (the
"Intellectual Property" and, collectively with the other purchased assets, the
"Assets").  The purchase price for the Assets comprised of the following
consideration:
$226,087 in cash paid to
     IntraVantage on October 31, 2005;
$893,271
     in cash paid to IntraVantage's bank on October 31, 2005 as full payoff and
     release of all of IntraVantage's credit obligations with such bank; and
$400,000
     in cash payable to IntraVantage in annual installments of $100,000 on each
     of October 31, 2006, 2007, 2008 and 2009.
As further inducement for IntraVantage to enter into
the Purchase Agreement, Pro-Dex also entered into an Exclusive License
Agreement and a Royalty Agreement with IntraVantage in conjunction with the
October 31, 2005 closing of the Purchase Agreement.  The Exclusive License
Agreement grants to IntraVantage an exclusive, worldwide, irrevocable,
royalty-free and perpetual license to use the Intellectual Property in any
non-dental related field of use.  The Royalty Agreement requires that the
Company pay to IntraVantage certain royalty payments on revenues generated from
future sales of products by the Company which fall within the scope of,
incorporate, are a modification of or are substantially derived from one or
more of the patents included in the Intellectual Property.
Also
in conjunction with the closing of the Purchase Agreement, the Company agreed
to terminate a supply agreement between the Company and IntraVantage, along
with all amendments thereto. Pursuant to this termination, IntraVantage shall
return to the Company certain products previously delivered to IntraVantage
under the supply agreement in exchange for the Company issuing to IntraVantage
a credit memo equal to the full value of outstanding IntraVantage invoices
related to the supply agreement.
On
November 2, the Company issued a press release announcing the Purchase
Agreement and the other agreements entered into in conjunction therewith.  A
copy of the press release is attached hereto as Exhibit 99.1 and incorporated
herein by reference.
The
foregoing descriptions of the agreements set forth above and included in the
above referenced press release do not purport to be a complete description of
all of the terms of such agreements, and are qualified in their entirety by
reference to the full terms of the Purchase Agreement, Exclusive License
Agreement and Royalty Agreement, copies of which are attached hereto as
Exhibits 10.1, 10.2 and 10.3, respectively, and incorporated herein by
reference.
2
Item 9.01
Exhibits
(c)       Exhibits.
Exhibit
No.
Description
Exhibit
10.1      Asset Purchase Agreement, dated October 31, 2005, between Pro-Dex,
Inc. and IntraVantage, Inc.
Exhibit
10.2      Exclusive License Agreement, dated October 31, 2005, between Pro-Dex,
Inc. and IntraVantage, Inc.
Exhibit
10.3      Royalty Agreement, dated October 31, 2005, between Pro-Dex, Inc. and
IntraVantage, Inc.
Exhibit
99.1      Press Release dated November 2, 2005
3
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:  November 1, 2005
PRO-DEX, INC.
By:
/s/  Patrick Johnson
Patrick Johnson
Chief Executive Officer
4
INDEX TO EXHIBITS
Exhibit
Number
Description
10.1           Asset
Purchase Agreement, dated October 31, 2005, between Pro-Dex, Inc. and
IntraVantage, Inc.
10.2           Exclusive
License Agreement, dated October 31, 2005, between Pro-Dex, Inc. and
IntraVantage, Inc.
10.3           Royalty
Agreement, dated October 31, 2005, between Pro-Dex, Inc. and IntraVantage, Inc.
99.1           Press
Release dated November 2, 2005
5