Item 1.01 Entry into a Material Definitive Agreement
On January 29, 2020, eHealth, Inc., (the "Company") via its wholly-owned
subsidiary, eHealthInsurance Services, Inc. entered into an Eleventh Amendment
to Lease and Acknowledgment to Standard Lease Agreement (Office) (the "Lease
Amendment") with Carlsen Investments, LLC ("Landlord") to amend the Standard
Lease Agreement (Office) dated as of June 10, 2004, as amended (the "Lease")
relating to the Company's 63,206 rentable square feet of office space in Gold
River, California (the "Premises"). The Lease Amendment extends the term of the
Lease to December 31, 2027. The total base rent beginning on January 1, 2020,
the effective date of the Lease Amendment, through the term of the Lease is
expected to be $13,817,457. In addition to a monthly base rent, the Company will
continue to pay to the Landlord as additional rent its proportionate share of
certain operating expenses, insurance costs and taxes for each calendar year
during the term of the Lease. In addition, the Company has an option to extend
the Lease for an additional term of either six months or five years at the end
of the term of the Lease. As an inducement to enter into the Lease Amendment,
the Landlord also agreed to provide the Company with an improvement allowance in
the amount of $800,000 to pay for the cost of improvements to the Premises.
The foregoing description of the terms of the Lease Amendment does not purport
to be complete and is qualified in its entirety by reference to the full text of
the Lease Amendment, a copy of which is attached hereto as Exhibit 10.1.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The discussion contained in "Item 1.01 Entry into a Material Definitive
Agreement" of this Current Report on Form 8-K is incorporated into this
Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Eleventh Amendment to Lease and Acknowledgment to Standard Lease
Agreement (Office) between Carlsen Investments, LLC and
eHealthInsurance Services, Inc.
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