On August 2, 2021, Misonix, Inc. delivered a notice of nonrenewal and letter agreement (the “Employment Letter”) to Allan Staley, the President and a named executive officer of the Company. As a result of the Employment Letter and pursuant to the terms of his Amended and Restated Employment Agreement, dated May 2, 2019, between Mr. Staley and New Misonix, Inc., the Employment Agreement will end on September 27, 2021 and will not be renewed. Also pursuant to the Employment Letter, Mr. Staley will continue at the Company as Vice President of Reimbursement and Market Access at his current base salary of $295,000.