ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

The Company and its wholly-owned subsidiary, Scientific Bioprocessing, Inc., have agreed to an extension through December 31, 2021 of the Monthly Retainer Agreement with Mr. Joseph G. Cremonese, a Director of the Company since November 2002, and his affiliate, Laboratory Innovation Company, Ltd. All other terms remain the same.

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On January 8, 2021, the Board accepted the resignation of Mr. John F.F. Watkins as a Class C Director. Mr. Watkins' resignation was not the result of any dispute or disagreement with the Company. The Company will pay Mr. Watkins director fees through December 31, 2020.

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