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CTCT > SEC Filings for CTCT > Form 8-K on 2-May-2013All Recent SEC Filings

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Entry into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement.

On May 1, 2013, Constant Contact, Inc. (the "Company"), as tenant, entered into a Lease (the "Lease") with Battery Commercial Associates LLC, as landlord (the "Landlord").

Under the Lease, the Company will lease from the Landlord approximately 21,441 square feet of office space on the eleventh floor of 17 Battery South, New York, New York. The Lease supersedes in their entirety the Sublease between Wall Street Access Corporation ("WSA") and SinglePlatform, LLC, the Company's wholly owned subsidiary ("SinglePlatform"), dated as of March, 2012 and the Sublease between WSA and SinglePlatform, dated as of August 31, 2012 (together, the "Prior Leases"). The Prior Leases were terminated on April 29, 2013 in connection with the execution of the Lease.

The term of the Lease will expire on October 31, 2018. The base rent under the Lease will be $53,602.50 per month for the first 12 months of the Lease, $55,210.58 per month for the second 12 months of the Lease, $56,866.89 per month for the third 12 months of the Lease, $58,572.90 per month for the fourth 12 months of the Lease, $60,330.09 per month for the fifth 12 months of the Lease, and $62,139.99 per month for the remainder of the Lease. Base rent under the Lease will increase by three percent on each anniversary of the commencement date during any renewal of the Lease. Under the terms of the Lease, the Landlord will reimburse the Company up to approximately $428,000 for certain improvements to be made to the premises by the Company.

The foregoing description of the Lease does not purport to be complete and is qualified in its entirety by reference to the Lease, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013.

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