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~~December 22, 2009

LASERSIGHT INCORPORATED

(Exact name of registrant as specified in its charter)

Commission File Number: 0-19671

DE		65-0273162
(State or other jurisdiction of		(IRS Employer
incorporation)		Identification No.)

931 S. Semoran Blvd., Suite 204, Winter Park, FL 32792

(Address of principal executive offices, including zip code)

407-678-9900

(Registrant’s telephone number, including area code)

6848 Stapoint Ct., Winter Park, FL 32792

(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:

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))

LASERSIGHT INCORPORATED

Item 12.01 ~~Entry~~Completion ~~into~~of aAcquisition ~~Material~~or ~~Definitive~~Disposition ~~Agreement~~of Assets.

On ~~October~~December 22, 2009, the Company ~~entered~~executed ~~into~~stock apowers ~~Settlement~~to ~~Agreement~~complete ~~between~~the ~~New~~transfers ~~Industries~~of ~~Investment~~all ~~Consultants~~of ~~(HK)~~its ~~Ltd.~~shares ~~(“NIIC”), a shareholder~~ of the ~~Company,~~ ~~the~~capital ~~Company~~stock ~~and~~of ~~its two wholly owned subsidiaries,~~ LaserSight Technologies, Inc. (“LTI”), and LaserSight Patents, Inc. (“LPI”)~~. Under~~ ~~the~~to ~~terms~~New ofIndustries ~~the~~Investment Consultants ~~Settlement~~(HK) ~~Agreement~~Ltd. (“NIIC”), ~~which requires the~~a ~~approval~~shareholder of the ~~board~~Company. NIIC’s founder, ofmajority ~~directors~~shareholder, president and ~~the~~CEO ~~shareholders~~is ofXianding ~~the Company~~Weng, who is also the ~~Company~~sole ~~agreed~~director toand ~~transfer~~the toChairman ~~NIIC~~of ~~all~~the ~~shares~~Board of the ~~issued and~~Company. The ~~outstanding~~transfers ~~capital~~were ~~stock~~completed inpursuant ~~LTI and LPI; and NIIC agreed~~ to athe ~~dismissal~~terms ~~with prejudice~~ of ~~its~~a ~~complaint~~Settlement ~~against~~Agreement ~~the~~dated October ~~Company~~22, ~~and~~2009 ~~LTI and to~~ (the ~~cancellation of~~“Settlement ~~the~~Agreement”), ~~indebtedness~~between ~~owed~~NIIC toand ~~it by~~ the Company, LTI and ~~LTI~~LPI. ~~The~~LTI ~~parties~~and ~~to the~~LPI ~~Settlement~~were ~~Agreement~~previously ~~further~~wholly-owned ~~agreed~~subsidiaries ~~to mutual general release~~ of ~~all claims~~the Company, and ~~liabilities. The~~the Company’s transfer of its shares of the capital stock of LTI and LPI atamounted ~~the closing of the transaction will amount~~ to the disposition of substantially all of the assets of the Company.

The Company previously reported its execution of the Settlement Agreement in its Form 8-K dated October 22, 2009, and filed with the SEC on November 5, 2009. In that report, the Company disclosed that, under the terms of the Settlement Agreement, which required the approval of the board of directors and the shareholders of the Company, the Company agreed to transfer to NIIC all shares of the issued and outstanding capital stock in LTI and LPI; and NIIC agreed to a dismissal with prejudice of its complaint against the Company and LTI and to the cancellation of the indebtedness owed to it by the Company and LTI. The parties to the Settlement Agreement further agreed to mutual general release of all claims and liabilities. The Settlement Agreement provided that it would become effective upon the Company’s receiving the necessary director and shareholder approvals for the transfers of its shares of capital stock in LTI and LPI to NIIC. On November 2, 2009, the Board of Directors of the Company voted to approve the transfers, and approval in writing was obtained from NIIC, a shareholder of the Company owning 7,210,000 of the issued and outstanding shares of the Company’s common stock, $0.001 par value, which is 72% of the total issued and outstanding shares.

In the same Form 8-K report, the Company reported that on November 2, 2009, the parties to the Settlement Agreement entered into an Amendment to Settlement Agreement, which provided that the Settlement Agreement would become effective sixty (60) days after the date thereof. The Amendment recited that the approval of the Settlement Agreement had been obtained from the Board of Directors of the Company, LSI and LPI, from the Company as the sole shareholder of LSI and LPI, and from the majority shareholder of the Company. Copies of the Settlement Agreement and the Amendment to Settlement Agreement were attached as Exhibits 10.14 and 10.15 to the Company’s Form 8-K dated October 22, 2009, and filed with the SEC on November 5, 2009.

As the Company previously reported, in its Form 8-K dated March 26, 2009, and filed with the SEC on March 31, 2009, the Company and LTI, were served, on March 23, 2008, with a summons and complaint that was filed by NIIC in the Circuit Court of the Ninth Judicial Circuit in and for Orange County, Florida. In its complaint, NIIC alleged that the Company and/or LTI defaulted under the Security Agreement dated December 1, 2003, from the Company and LTI to NIIC (the “Security Agreement”); the Restricted Account Agreement dated December 10, 2003, among LTI, SunTrust Bank and NIIC; the Restated Promissory Note dated August 31, 2004, from the Company and LTI to NIIC (the “Restated Promissory Note”); the Promissory Note dated July 26, 2006, from the Company and LTI to NIIC; and the Loan Agreement dated July 26, 2006, among the Company, LTI and NIIC (the “Loan Agreement”) (all of the foregoing documents together referred to as the “Loan Documents”). The Loan Documents and related financing arrangements have been previously reported by the Company.

NIIC’s complaint declared the entire balances of the Restated Promissory Note and the Promissory Note to be due and immediately payable, and it alleged that it was due the principal amount of $3,625,000, together with accrued interest of $1,044,683 through November 30, 2008, for a total of $4,669,683, as well as interest accruing after November 30, 2008, expenses and attorneys’ fees. NIIC sought to recover such amounts from the Company and LTI, and it also ~~seeks~~sought to foreclose its security interest in the Collateral ~~described~~ described in the Security Agreement, to take possession of such Collateral and to enforce the Restricted Account Agreement.

~~The~~According ~~Company~~to ~~also previously reported, in its Form 8-K dated May 20, 2008, and filed with~~ the ~~SEC~~terms onof ~~May 23, 2008, that~~ the ~~Company~~Settlement ~~had received a letter from counsel to NIIC dated May 19~~Agreement, ~~2008 (the “Letter”). The Letter notified the Company that~~ NIIC ~~was~~will ~~exercising~~dismiss its ~~rights~~complaint ~~under the Restated~~within ~~Promissory~~five ~~Note,~~business ~~the~~days ~~Loan~~after ~~Agreement and related documents, to accelerate~~ the ~~obligations~~ ~~of the~~ Company ~~to NIIC under such financing documents. In the Letter NIIC demanded payment in full of all of the Company~~’s ~~obligations~~transfer to ~~NIIC~~ ~~resulting from the Company’s defaults in failing to make timely payments of amounts due to~~ NIIC ~~under such financing documents. At that time, NIIC required payment~~ of ~~$4,383,082.00,~~its ~~which~~shares ~~amount comprised all principal and interest due to NIIC as~~ of ~~May 19, 2008. The Company attempted to~~the ~~negotiate~~capital ~~with~~stock ~~NIIC for a forbearance~~ of ~~the~~LTI ~~acceleration of its obligations to NIIC, as the Company was unable to pay such obligations. The Company’s default~~ and ~~the acceleration of its obligations to NIIC may have also triggered defaults under other financing arrangements of the Company~~LPI.

~~Page~~Item 5.02 Departure 2of Certain Officers; Appointment of Certain 4Officers.

~~The~~On ~~Settlement~~December Agreement provided that it would become effective upon the Company’s receiving the necessary director and shareholder approvals for the transfers of its shares of capital stock in LTI and LPI to NIIC. On November 222, 2009, ~~the~~Xianding ~~Board of Directors of the Company voted to approve the transfers~~Weng, ~~and approval in writing has been obtained from shareholders owning 7,210,000 of~~ the ~~issued~~ ~~and~~sole ~~outstanding~~director ~~shares~~ of the Company~~’s common stock~~, ~~$0.001~~executed ~~par value,~~a ~~which~~written isconsent ~~72%~~ of the ~~total~~Board ~~issued~~of ~~and~~Directors ~~outstanding~~approving ~~shares.~~the following actions:

On November 2, 2009, the parties to the Settlement Agreement entered into an Amendment to Settlement Agreement which provides that the Settlement Agreement shall become effective sixty (60) days after the date thereof1. The ~~Amendment~~removal ~~recited that the approval~~ of ~~the~~Danghui ~~Settlement~~(David) ~~Agreement~~Liu ~~had been obtained~~ from the ~~Board~~offices of ~~Directors~~Chief ofExecutive ~~the~~Officer ~~Company, LSI~~ and ~~LPI, from the~~ ~~Company~~President ~~as the sole shareholder~~ of ~~LSI and LPI, and from~~ the ~~majority shareholder of the~~ Company.;

~~Following~~2. The ~~the~~removal ~~closing~~ of ~~the~~Zhaokai ~~stock~~(Art) ~~transfer~~Tang ~~transactions,~~from ~~NIIC~~the ~~will~~offices ~~dismiss~~of ~~its~~Chief ~~complaint~~Financial Officer, ~~within~~Treasurer ~~five~~and ~~business~~Secretary ~~days.~~of the Company; and

~~Copies~~3. The election of ~~the~~ ~~Settlement~~Xianding ~~Agreement~~Weng ~~and~~to the ~~Amendment~~offices toof ~~Settlement~~Chief ~~Agreement~~Executive ~~are~~Officer, ~~attached~~President, asChief ~~exhibits~~Financial toOfficer ~~this~~and ~~report~~Secretary of the Company.

~~Item~~Xianding 9Weng, age 48, has been a director of the Company since October 2002, the Company’s sole director since the beginning of 2009, and the Company’s Chairman of the Board since 2003.~~01 Financial~~ Since ~~Statements~~2006, Mr. Weng has also been the President, Chairman and ~~Exhibits~~a director of LTI’s wholly owned Chinese subsidiary company, LaserSight Technologies (Shenzhen) Co., Ltd. Mr. Weng founded NIIC, a Hong Kong registered company, in 1994; and he is the President and Chief Executive Officer of NIIC. NIIC has been the controlling shareholder of the Company since 2004. Mr. Weng has also been the Chairman of the Boards of Venture Capital Ltd., Medical Development Ltd. and Consultant Ltd., all subsidiaries of NIIC. NIIC specializes in hi-tech business investment and consulting services.

Mr. Weng is also the majority shareholder and CEO of New Industries Investment Group (d“NII”), a People’s Republic of China company. ~~Exhibits~~In 1995, NII formed Shenzhen New Industries Medical Development Co., Ltd. (“NIMD”), which specializes in marketing and distribution of LASIK surgery devices and equipment, as well as in investment and operation of LASIK clinical centers in the Chinese market. In the past decade, NIMD invested and operated PRK/LASIK excimer laser refractive surgery centers in joint venture with hospitals and medical institutes in China.

Exhibit
Number		Description
10.14		Settlement Agreement dated as of October 22, 2009, by and between New Industries Investment Consultants (HK) Ltd., the Company, LaserSight Technologies, Inc., and LaserSight Patents, Inc. (filed herewith).
10.15		Amendment to Settlement Agreement dated as of November 2, 2009, by and between New Industries Investment Consultants (HK) Ltd., the Company, LaserSight Technologies, Inc., and LaserSight Patents, Inc. (filed herewith).

NIIC, NII and NIMD are collectively referred to herein as the “China Group.” In 2003 and 2004, the China Group provided $2 million of debtor-in-possession (“DIP”) financing to the Company. On June 30, 2004, $1 million of the DIP financing was converted into 6,850,000 shares of common stock. In the third quarter of 2006, the China Group provided another $1.3 million of financing. As of September 30, 2006, the China Group controlled approximately 72% of the Company’s common stock.

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LASERSIGHT INCORPORATED

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.

	LASERSIGHT INCORPORATED
Date: November 5, 2009	By:	/s/ Danghui (“David”) Liu
Date: December 28 2009	By:	/s/ Xianding Weng
		Danghui (“David”) Liu
		Xianding Weng
		Chief Executive Officer

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