Synacor, Inc. (NASDAQ:SYNC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On May24, 2018, Synacor, Inc. (the “Company”) and Google LLC (“Google”) entered into a Google Services Agreement, effective as of June1, 2018 (the “Restated Agreement”), which supersedes all other agreements between the Company and Google relating to its subject matter, including without limitation that certain Google Services Agreement between the Company and Google effective as of March1, 2011, as amended (the “Existing Agreement”).
The Restated Agreement incorporates the material terms of the Existing Agreement and continues through May31, 2020. The Company and Google may mutually agree to extend the term for an additional one year by executing an amendment to the Agreement. In addition, Google has a right to terminate the Agreement in certain circumstances.
The foregoing description of the Agreement is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June30, 2018.
About Synacor, Inc. (NASDAQ:SYNC)
Synacor, Inc. is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation. Through its Managed Portals and Advertising solutions, the Company enables its customers to earn revenue by monetizing media among their consumers. Its Managed Portals are delivered across devices and under its customers’ own brand names. The Company delivers content, such as top news, entertainment, and long- and short-form video and applications, on its Managed Portals. In addition, consumers have the ability through portals to manage their e-mail and messaging, pay bills, receive special promotions and perform other account management needs.