LightPath divests China operations for $4.5M; completes Western-aligned manufacturing transition

LIGHTPATH TECHNOLOGIES INC

Sale price $4.5M payable over 5 years with 4% interest; annual minimum $500K principal.
Purchaser is entity owned by incumbent management; closing expected in weeks.
LightPath will have no China facilities post-close; China third-party revenue ~$4.5M/yr deconsolidated.
Purchaser to continue as third-party supplier at cost-plus 10% (increases with principal payments).
LightPath retains board observer rights and IP licenses during restricted period.

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