Item 1.01 Entry into a Material Definitive Agreement

On June 30, 2022, Zebra Technologies Corporation (the "Company") and Griffin (Lincolnshire) Essential Asset REIT II, LLC (the "Landlord" and, together with the Company, the "Parties") as successor-in-interest to The Northwestern Mutual Life Insurance Company (the "Original Landlord") entered into a Second Amendment to Lease Agreement (the "Second Lease Amendment"), whereby the Parties modified that certain Lease Agreement dated November 15, 2013 entered into between the Company and the Original Landlord, as amended on June 9, 2014 (the "Original Lease"), whereby the Company leases its corporate headquarters at 3 Overlook Point, Lincolnshire Corporate Center, Lincolnshire, Illinois. The Second Lease Amendment provides for, among other things, (a) an extension of the lease term until July 31, 2032 (the Original Lease was set to expire on November 30, 2026), (b) a modification to the optional extension provisions of the Lease, such that the Company will have the option to extend the term of the Lease for one additional five-year period, beginning on August 1, 2032, and (c) adjustments to the base rental amounts payable by the Company to the Landlord during the term of the Second Lease Amendment, commencing as of June 1, 2022.

This current report on Form 8-K summarizes the material provisions of the Second Lease Amendment and is qualified in its entirety by reference to the full text of such agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended July 2, 2022.

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