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UNTD > SEC Filings for UNTD > Form 8-K on 22-May-2014All Recent SEC Filings

Show all filings for UNITED ONLINE INC



Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement

On May 21, 2014, United Online, Inc. (the "Company") entered into an Office Lease with LNR Warner Center IV, LLC (the "Landlord"), for 29,576 rentable square feet located at 21255 Burbank Boulevard, Woodland Hills, California (the "Lease"), which the Company intends to occupy as its new headquarters office. The Lease commencement date is expected to be October 1, 2014. The term of the Lease is six years, with a right to extend the term for an additional five years. The annual base rent is $905,026 in the first year and increases approximately 3% per year, with provisions for partial abatements during the early months of the Lease. The Lease provides for certain additional expenses to be paid by the Company, and contains other customary provisions, including security deposit, events of default and insurance.

The foregoing summary of the Lease is qualified in its entirety by reference to the Lease, a copy of which is filed as an exhibit to this Form 8-K.

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