Item 1.01. Entry into a Material Definitive Agreement.

On November 5, 2021, Solitron Devices, Inc. (the "Company" or "Solitron") entered into the Second Amendment to Lease with LaBoheme Properties, Inc. (the "Landlord"), effective as of November 3, 2021 (the "Lease Amendment"). The Lease Amendment amends the Reinstatement and Amendment to Lease Agreement entered into by and between Solitron and CF EB REO II LLC, dated October 6, 2014 (the "Lease"). The Lease relates to the occupancy and use of the Company's 47,000 square foot facility located at 3301 Electronics Way, West Palm Beach, Florida that was scheduled to expire on December 31, 2021. The property was sold to LaBoheme Properties, Inc. subsequent to Solitron entering into the Lease who then became the Landlord pursuant to such sale. As previously disclosed, the Company acquired a facility and real estate in West Palm Beach, Florida in April 2021 and began making the necessary improvements to the property to relocate its manufacturing operations and corporate headquarters. Due to circumstances beyond its control, the Company is unable to complete the relocation of all of its manufacturing operations and corporate headquarters by the end of the calendar year so it entered into the Lease Amendment to extend the lease term over a portion of the leased premises through February 28, 2022 (the "First Extension Term") and extend the lease term over a portion of the leased premises through March 31, 2022 (the "Second Extension Term"). Solitron will also be entitled to use up to 20 parking spaces until the expiration of the First Extension Term and will be entitled to use up to 10 parking spaces until the expiration of the Second Extension Term. In consideration for the lease extension, Solitron will convey the air conditioning unit for the property to the Landlord and will pay rent of $3,000 per month in January and February 2022 and $1,500 for the month of March 2022. The new monthly rent amounts will be significantly lower than the current base rent of $38,808 per month, excluding sales tax.

Item 9.01. Financial Statements and Exhibits.





Exhibit
No.        Description
  10.1       Second Amendment to Lease, effective as of
           November 3, 2021, between LaBoheme Properties,
           Inc. and Solitron Devices, Inc.
104        Cover Page Interactive Data File (embedded within
           the Inline XBRL document).





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