Rapid7, Inc. (NASDAQ:RPD) Files An 8-K Entry into a Material Definitive Agreement
Item 2.03 Entry into a Material Definitive Agreement.

On November16, 2017, Rapid7, Inc. (the “Company”) entered into a lease (the “Lease”) with Podium Developer LLC, an affiliate of Boston Properties, with respect to 147,061 square feet of office space in a building currently under construction at 120 Causeway Street, Boston, Massachusetts, adjacent to the TD Garden (home of the Boston Celtics and Boston Bruins). The Lease includes significant signage and branding rights.

The term of the Lease is one hundred twenty six months, and is expected to commence on June1, 2019, with the option to extend the Lease for two periods of five years each. The Lease also provides the Company with an expansion option and a right of first offer with respect to additional suites in the building and if later constructed, an affiliated new multi-tenant office building.

The initial net rental rate payable under the Lease will be $49.00 per rentable square foot per annum, with $1.00 increase per rentable square foot per year, plus the pro rata share of certain real property taxes and operating expenses estimated to be approximately $16.50 per rentable square foot initially. The Company is required to post a letter of credit security deposit in the amount of $4,816,248 as a security deposit under the Lease, subject to reduction after the third lease year.

The foregoing is a summary description of the material terms of the Lease, does not purport to be complete and is qualified in its entirety by reference to the Lease, which is included as Exhibit 10.1 to this Current Report and incorporated herein by reference.

The Company’s press release announcing the Company’s entrance into the Lease is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K. The information in the press release attached hereto shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above and referenced under Item 2.03 is hereby incorporated by reference into this Item 2.03.

Item 2.03 Financial Statements and Exhibits.

(d) Exhibits

Rapid7, Inc. Exhibit
EX-10.1 2 d465233dex101.htm EX-10.1 EX-10.1 EXHIBIT 10.1 HUB ON CAUSEWAY 120 CAUSEWAY STREET BOSTON,…
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About Rapid7, Inc. (NASDAQ:RPD)

Rapid7, Inc. is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. The Company’s Rapid7 Insight Platform is a security data and analytics platform that provides solutions to cyber security that enables organizations to find and eliminate critical weaknesses and detect attacks in their information technology (IT) environments. Its threat exposure management offerings include its management, Web application security testing and attack simulation products, which the Company enhances with security analytics capabilities to deliver contextual risk prioritization, threat awareness and remediation guidance. It provides InsightIDR, a cloud-based offering that provides comprehensive incident detection. The Insight Platform collects information from various sources to provide a holistic view across an organization’s ecosystem from network and endpoint data, to enterprise cloud data, to user information.