TRUPANION, INC. (NASDAQ:TRUP) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry Into a Material Definitive Agreement.
On October 20, 2017, Trupanion, Inc. (the "Company") entered into a Second Lease Amendment (the "Lease Amendment") with Benaroya Capital Company, LLC, a Washington Limited Liability Company (the "Landlord"), which amends that certain Office Lease Agreement (“Lease”), dated as of August 10, 2015, as amended, by and between the Company and the Landlord.
to the Lease Amendment, the Company will continue to lease the Premises in phases, with the full 107,642 square feet beginning on April 1, 2018. The lease will terminate on July 22, 2026. The Lease Amendment also provides for, among other things, a slight adjustment to the annual base rent.
The foregoing description of certain terms contained in the Lease Amendment is not complete, and is qualified in its entirety by reference to: (i) the terms and conditions of the actual Lease Amendment, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ending September 30, 2017, and (ii) the copy of the Lease, filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2015 with the Securities and Exchange Commission on November 5, 2015. Capitalized terms not defined herein are defined in the Lease.
About TRUPANION, INC. (NASDAQ:TRUP)
Trupanion, Inc. provides a medical insurance plan for cats and dogs across the United States, Canada and Puerto Rico. The Company operates through two segments: subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan, which are marketed directly to consumers. The other business segment includes all other businesses that are not directly marketed to consumers. The Company’s medical plan pays approximately 90% of actual veterinary costs for accident and illness claims, has no payout limitations, and can be used to cover the costs incurred at any veterinary practice, emergency care center or specialty hospital in the United States, Canada and Puerto Rico. The Company’s software solution, Trupanion Express, integrates with veterinarians’ practice management software. Trupanion Express facilitates the Company’s ability to pay veterinarians’ invoices directly to the veterinarian at the time of service.