Attached files
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EX-10.2 - ASSIGNMENT OF TENANTS INTEREST AND ASSUMPTION OF LEASE - SharpSpring, Inc. | shsp_ex102.htm |
EX-10.1 - OFFICE LEASE AGREEMENT - SharpSpring, Inc. | shsp_ex101.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of
earliest event reported): April 18, 2018
SharpSpring, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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001-36280
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05-0502529
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(State
or other jurisdiction of Incorporation or
Organization)
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(Commission
File Number)
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(I.R.S.
EmployerIdentification No.)
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550 SW 2nd Avenue, Gainesville, FL
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32601
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: 888-428-9605
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(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth
company as defined in in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging growth
company ☐
If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
Lease
On
April 18, 2018, SharpSpring, Inc. (“SharpSpring”)
entered into a new lease (the “Lease”) with Celebration
Pointe Office Partners II, LLC, a Florida limited liability company
(the “Landlord”), to lease approximately 25,000 square
feet of office space located at 5001 Celebration Pointe Avenue,
Gainesville, Florida (the “Premises”) for the
Company’s new principal office.
The
term of the Lease (the “Term”) is ten (10) years,
beginning on the date on which SharpSpring takes possession of and
occupies all or any part of the Premises for normal business
activities (the “Commencement Date”), and ending on the
tenth anniversary of the Commencement Date (the “Expiration
Date”). The Term may be extended for an additional 5 years in
incremental one-year periods, subject to certain conditions
described in the Lease.
Base
rent for the first year of the Lease Term is approximately
$619,000, with increases in base rent occurring every two years of
approximately $1.00 of rent per square foot during the Lease Term.
The Landlord has agreed to deliver the space turnkey per
SharpSpring’s construction guidelines and specifications with
a construction allowance of up to $60.00/square foot. Any build-out
costs above $60.00/square foot will be paid by
SharpSpring.
Assignment of Prior Lease
In conjunction with the signing of the Lease,
SharpSpring has agreed to assign its existing lease for its current
primary office located at 550 SW 2nd
Ave, Gainesville, Florida (the
“Prior Lease”) to the Landlord (the
“Assignment”).
The foregoing description of the Lease and the
Assignment do not purport to be complete and each are qualified in
their entirety by reference to the full text of the Lease and
Assignment, copies of which are attached
as Exhibit
10.1 and
Exhibit
10.2 to this Current Report on
Form 8-K.
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant
The
information set forth above under Item 1.01 is incorporated by
reference in this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
No.
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Description
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Office
Lease Agreement with Celebration Pointe Office Partners II,
LLC.
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Assignment
of Tenant’s Interest and Assumption of Lease with Celebration
Pointe Office Partners II, LLC
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SHARPSPRING, INC.
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By:
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/s/
Edward S. Lawton
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Edward
S. Lawton,
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Chief Financial Officer
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Dated:
April 19, 2018