8-K

Silo Pharma, Inc. (SILO)

8-K 2024-06-27 For: 2024-06-26
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Added on April 09, 2026

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549


FORM 8-K


CURRENT REPORTPursuant to Section 13 OR 15(d) of theSecurities Exchange Act of 1934


Date of Report (Date of earliest event reported):June 26, 2024


SILO PHARMA, INC.

(Exact name of registrant as specified in its charter)


Nevada 001-41512 27-3046338
(State or other jurisdiction <br><br>of incorporation) (Commission File Number) (I.R.S. Employer<br><br>Identification No.)

677 N. Washington Boulevard<br><br> <br>Sarasota, FL 34236
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:

(718) 400-9031


N/A(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of exchange on which registered
Common Stock, par value $0.0001 per share SILO The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material DefinitiveAgreement.


On June 26, 2024, our wholly-owned subsidiary, Silo Pharma, Inc., a Florida corporation, entered into a Fourth Amendment to Master License Agreement (the “Fourth Amendment”) with the University of Maryland, Baltimore, pursuant to which the parties agreed to an amended and restated schedule of diligence milestones for the Master License Agreement.

The foregoing description of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to the Fourth Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Description
10.1 Fourth Amendment to Master License Agreement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
1

SIGNATURE


Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: June 27, 2024 SILO PHARMA INC.
/s/ Eric Weisblum
Eric Weisblum
Chief Executive Officer

2

Exhibit 10.1

FOURTH AMENDMENT TO MASTER LICENSE AGREEMENT

This Fourth Amendment to Master License Agreement Fourth Amendment ) is effective as of the date of last signature below and is made by and between the UNIVERSITY OF MARYLAND, BALTIMORE (“University”), a public university that is part of the University System of Maryland (which is a public corporation and an instrumentality of the State of Maryland), and SILO PHARMA, INC., a Florida corporation (“Company”).

BACKGROUND

University and Company entered into a Master License Agreement, effective as of February 12, 2021, as amended MLA . The parties agree to amend the MLA as set forth herein.

NOW THEREFORE, the parties agree as follows:

A. Schedule C is hereby deleted in its entirety and replaced with the Schedule C attached to this Fourth Amendment.

B. Except as specifically modified in this Fourth Amendment, all terms and conditions of the MLA (including without limitation the royalty rate and other payment obligations of Company) shall remain in full force and effect.

C. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including PDF or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com), or other transmission method. Any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

IN WITNESS WHEREOF, each party has caused this Fourth Amendment to be executed under seal by its duly authorized representative.

University of Maryland, Baltimore
By: _______________________(SEAL)
Bruce E. Jarrell, M.D., FACS
President
Date:
Silo Pharma, Inc.
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By: _______________________(SEAL)
Eric Weisblum
President
Date:

ScheduleCDiligence Milestones

Milestone Deadline
1. Complete in vitro peptide binding study in an acceptable disease model March 30, 2025
2. Complete preclinical safety and efficacy studies in an acceptable animal disease model September 30, 2025
3. Deliver to University a revised Commercialization Plan, to be subject to University’s approval, pursuant to Section 4.1.2<br>* December 31, 2025
4. Complete GMP production and animal testing of a Licensed Product February 12, 2027
5. File an IND (or any foreign equivalent) for a Licensed Product February 12, 2028
6. Dosing of first patient in a Phase 1 Clinical Trial of a Licensed Product February 12, 2029
7. Dosing of first patient in a Phase 2 Clinical Trial of a Licensed Product February 12, 2030
8. File NDA (or foreign equivalent) for a Licensed Product February 12, 2033
9. Achieve First Commercial Sale of a Licensed Product February 12, 2034
* The milestones may be re-negotiated upon receipt of revised commercialization plan