Effective December 1, 2020, IEH Corporation (IEH) has entered into a new lease agreement for its sole operating facilities and headquarters located at Building B, Unit 8E, 140 58th Street, Brooklyn Army Terminal, Brooklyn, New York 11220. IEH has operated at such facility for approximately 40 years. IEH is a tenant under the lease and the landlord under the lease is the City of New York, acting through the New York City Economic Development Corporation. The new lease is for a term of 10 years and is on substantially the same terms and conditions as the expiring lease, which expired on November 30, 2020. IEH leases approximately 20,400 square feet of space. The new lease provides for an optional five-year extension term.