Company: PGEN
Filing Date: 2025-08-18
Form Type: 8-K
Source: 0000950103-25-010408
Chunk: 0

Company: PRECIGEN, INC.
Filing Date: 2025-08-18
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On August 13, 2025 (the “ Effective Date”), Precigen, Inc.
(the “ Company”) entered into a Commercial Supply Agreement (the “ Supply Agreement”) with Catalent Maryland, Inc.
(“ Catalent”).

The Supply Agreement provides that Catalent will perform certain services
specified in a Plan Document (as defined in the Supply Agreement) (“ Services”) including analytical, development, processing,
validation, or product maintenance of PAPIZEMOS (“ Product”), subject to the terms and conditions set forth in the Supply Agreement.

During the term of the Supply Agreement, the Company has agreed to
use Catalent exclusively for external, commercial fill and finish manufacturing, in each calendar year, of all of the Company’s
reported volumes for the Product during such year in the Territory (as defined in the Supply Agreement).

During the term of the Supply Agreement, if the Plan Document specifies
any minimum number of batches of Product that must be purchased by the Company in one or more contract years, then the Company shall purchase
the minimum requirement for each such contract year, subject to the terms and conditions set forth in the Supply Agreement.

The Company will pay Catalent the agreed upon price and other fees
for the Services, which will be adjusted on an annual basis, effective on each anniversary of the Effective Date, to reflect increases
in, among other things, labor, utilities and overhead. The Company will also pay certain other maintenance fees and expenses as contemplated
by the Supply Agreement.

The initial term of the Supply Agreement will continue for three years
from the Effective Date, unless earlier terminated by one of the parties. Thereafter, the Supply Agreement will automatically extend for
successive terms of one year unless and until either party provides written notice of its desire to terminate at least twelve months prior
to the end of the then current term. The Supply Agreement provides for termination by either party due to a material breach by the other
party, and certain other extenuating circumstances, in each case after the applicable cure period (if any).

The Supply Agreement also includes customary provisions relating to,
among others, delivery, inspection procedures, warranties, quality, storage, handling and transport, intellectual property, confidentiality
and indemnification. The foregoing description of the Supply Agreement does not purport to be complete and is qualified in its entirety
by reference to the Supply Agreement, which is filed as Exhibit 10.1 to this Current Report on Form