Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

Effective as of April 1, 2025 ("Commencement Date"), Bird & Cronin, LLC, a wholly-owned subsidiary of Dynatronics Corporation (the "Company"), as tenant, entered into a lease ("Lease") with Ninety-Nine Technologies, LLC, as landlord, to occupy 56,687 square-feet of the manufacturing facility located at 1200 Trapp Road, Eagan, Minnesota (the "Facility"). The initial term of the Lease begins on the Commencement Date and continues for a period of thirty-nine calendar months, subject to an option to extend the term for one additional period of 36 calendar months in accordance with the terms thereof. Under the Lease, the Company is obligated to pay annual base rent for the first year of $481,840, increasing at 4% per annum over the term of the Lease, together with its proportionate share of certain operating expenses. The foregoing summary of the Lease is qualified in its entirety by the complete text of the Lease, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.