Item 1.01 Entry into a Material Definitive Agreement.

On June 16, 2022, we entered into a lease agreement with the New Jersey Economic Development Authority for a 5,210 square-foot R&D facility at the New Jersey Bioscience Center ("NJBC"), primarily consisting of two separate laboratory suites. The lease commences on July 1, 2022, and runs through August 31, 2027, but can be extended for an additional five-year period. The initial rent is $156,000 per year and is net of additional rent, primarily related to the building. Net rent increases thereafter. A copy of the lease is filed herewith as Exhibit 10.1. The above description of the lease is qualified in its entirety by the terms of the lease and you are referred to the lease for more detailed information.

On June 21, 2022, we issued a press release regarding the facility. A copy of the press release is furnished herewith as Exhibit 99.1.





Cautionary Statement

This Current Report on Form 8-K and the exhibits filed herewith, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "PSLRA"). Words such as "may," "will," "expect," "plan," "anticipate" and similar expressions (as well as other words or expressions referencing future events or circumstances) are intended to identify forward-looking statements. Many of these forward-looking statements involve a number of risks and uncertainties. Among other things, for those statements, we claim the protection of safe harbor for forward-looking statements contained in the PSLRA. Any forward-looking statements set forth in this presentation speak only as of the date of this presentation. We do not undertake to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.    Description

10.1            June 16, 2022 Lease Agreement with NJEDA.
99.1            Press Release Dated June 21, 2022.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document).

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