SUPPORT.COM, INC. (NASDAQ:SPRT) Files An 8-K Entry into a Material Definitive Agreement

0

SUPPORT.COM, INC. (NASDAQ:SPRT) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01.

Entry into a Material Definitive Agreement
Lease Agreement
On April 29, 2017, Support.com, Inc. (the Company) entered into a
Standard Sublease with NantMobile, LLC (the New Lease) to lease
approximately 6,283 square feet of office space located at 1200
Crossman Ave., Suite 210, Sunnyvale, CA , 94089 for the Companys
new corporate headquarters. The Company previously leased office
space located at 900 Chesapeake Dr., Second Floor, Redwood City,
CA 94063 to a Lease Agreement with HCP LS Redwood City, LLC,
dated December 20, 2016 (the Old Lease) which expired to its
terms.
The New Lease commenced on May 1, 2017 (Commencement Date) and
will terminate on the last day of the calendar month following
the date that is eleven (11) months after the Commencement Date
(the Lease Term), unless terminated earlier. The New Lease
provides for a monthly base rent of approximately $6,911.30 for
the Lease Term.
The foregoing description of the material terms of the New Lease
is qualified in its entirety by the full terms of the New Lease
(which is attached hereto as Exhibits 10.1).
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
10.1
Standard Sublease between Support.com, Inc. and
NantMobile, LLC dated April 29, 2017.


About SUPPORT.COM, INC. (NASDAQ:SPRT)

Support.com, Inc. is a provider of cloud-based software and services for technology support. The Company offers outsourced support services for service providers, retailers, Internet of Things (IoT) solution providers and technology companies. It offers technology support services programs for both the consumer and small business markets, and includes computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support. Its cloud-based offering, Nexus, is a software-as-a-service solution for companies to support interactions with their customers. Its end user software products are designed to maintain, optimize and secure computers and mobile devices. Its principal software products include products designed for malware protection and removal (SUPERAntiSpyware); personal computer (PC), smartphone and tablet maintenance and optimization (Cosmos), and PC registry cleaning and repair (ARO).

SUPPORT.COM, INC. (NASDAQ:SPRT) Recent Trading Information

SUPPORT.COM, INC. (NASDAQ:SPRT) closed its last trading session down -0.02 at 2.10 with 15,845 shares trading hands.