Item 1.01. Entry Into a Material Definitive Agreement.

On October 3, 2022, 9 Meters Biopharma, Inc. (the "Company") entered into a lease agreement (the "Lease") with Crabtree Terrace Holdings LLC (the "Landlord"). Pursuant to the terms of the Lease, the Company will lease 7,418 square feet at 4509 Creedmoor Road, Suite 600, Raleigh, North Carolina (the "Premise") for a term of 126 months (the "Initial Term"), which the Company intends to use as professional office space for its corporate headquarters. The Initial Term of the Lease is expected to commence on or around April 1, 2023. The Lease provides for rent abatement for the first six months of the Initial Term. Beginning on the seventh month of the Initial Term, base rent payments are approximately $24,000 per month ($38 per square foot), and increase each year, up to approximately $31,000 per month during the last six months of the Initial Term. In addition, the Company will be responsible for payments equal to its proportionate share of operating expenses. The lease may be extended for a period of five years, at the option of the Company, at a rate to be based on the market lease rate for comparable property determined at the time of the extension.

The foregoing summary of the Lease does not purport to be complete and is qualified in its entirety by reference to the Lease, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.




Item 2.03.          Creation of a Direct Financial Obligation or an Obligation under an
                    Off-Balance Sheet Arrangement of a Registrant.

Information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03 to the extent required.




Item 9.01.     Financial Statements and Exhibits.



(d) Exhibits

Exhibit No.           Description
Exhibit 10.1            Lease Agreement by and between 9 Meters Biopharma, Inc. and Crabtree
                      Terrace Holdings LLC, dated October 3, 2022.
Exhibit 104           Cover Page Interactive Data File (embedded within the Inline XBRL
                      document).

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