eHealth, Inc. (NASDAQ:EHTH) Files An 8-K Entry into a Material Definitive AgreementItem 2.03
Entry into a Material Definitive Agreement.
On August 17, 2017, eHealth, Inc., (the “Company”) via its wholly-owned subsidiary, eHealthInsurance Services, Inc. entered into an Amendment No. 1 to Lease (the “Lease Amendment”) with SLC Lake Pointe SPE LLC (“Landlord”) to amend the Office Lease dated May 7, 2012 (the “Lease”) relating to the Company’s office space in Utah. The Lease Amendment provides for the extension of the Lease for a period of sixty-three (63) months, commencing January 1, 2018 and expiring March 31, 2023 (the “Extended Term”). In addition, the Company has an option to extend the Lease for one additional period of five (5) years at the end of the Extended Term. If the Company needs additional office space, the Company may provide notice to Landlord and the Landlord shall provide the Company with written notice of office space located on the third and fifth floors of the same building that is available for lease to third parties. As an inducement to enter into the Lease Amendment, the Landlord also agrees to provide the Company with an improvement allowance in the amount of $222,640 to pay for the cost of improvements to the premises and a renewal allowance in the amount of $55,660 to reimburse the Company for the costs incurred in connection with the Lease Amendment.
|
Date |
Monthly Base Rent |
|
|
January 1, 2018 to March 31, 2018 |
Abated |
|
|
April 1, 2018 to December 31, 2018 |
$ |
51,021.67 |
|
January 1, 2019 to December 31, 2019 |
$ |
52,552.32 |
|
January 1, 2020 to December 31, 2020 |
$ |
54,128.89 |
|
January 1, 2021 to December 31, 2021 |
$ |
55,752.75 |
|
January 1, 2022 to December 31, 2022 |
$ |
57,425.34 |
|
January 1, 2023 to March 31, 2023 |
$ |
59,148.10 |
The foregoing description of the terms of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Amendment, a copy of which is attached hereto as Exhibit 10.1.
|
Item 2.03. |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
The discussion contained in “Item 2.03 Entry into a Material Definitive Agreement” of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
|
Item 2.03. |
Financial Statements and Exhibits |
(d) Exhibits.
|
Exhibit Number |
Description |
|
10.1 |
Amendment No. 1 to Lease, dated August 17, 2017, between SLC Lake Pointe SPE LLC and eHealthInsurance Services, Inc. |
eHealth, Inc. ExhibitEX-10.1 2 slclakepointespcllcamend….To view the full exhibit click here
About eHealth, Inc. (NASDAQ:EHTH)
eHealth, Inc. provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers. The Company also offers various online and pharmacy-based tools to help seniors navigate Medicare health insurance options, choose the right plan, and enroll in plans online or telephonically. It markets the availability of individual and family, small business and ancillary health insurance plans of various insurance carriers through its e-commerce platforms (www.eHealth.com and www.eHealthInsurance.com).
