RELATED PERSON TRANSACTIONS
Other than compensation arrangements for our executive officers and directors which are described elsewhere in this proxy statement, below we
describe transactions since January 1, 2018 to which we were or will be a participant and in which:
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the amounts involved exceeded or will exceed $120,000; and
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any of our directors, executive officers or holders of more than 5% of our capital stock, or any member of the
immediate family of, or person sharing the household with, the foregoing persons, had or will have a direct or indirect material interest.
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Agreements with Entities Affiliated with Link Ventures
Cogo Labs, Inc., or Cogo Labs, a wholly owned subsidiary of Link Equity Partners, LLC, which is wholly owned by David Blundin, and various
other affiliates and subsidiaries of Link Ventures, LLLP provide a range of marketing-related services to us, including email advertising, search engine marketing and market research data sharing services.
We are also party to various data license and marketing services agreements with Cogo Labs, AMN, Reference Advisor, LLC, Cognius, LLC, Meta42
LLC, Nufit Media, Inc., Jobcase, Inc. (formerly known as Percipio Media) and Tenizen, Inc., each of which is a direct or indirect subsidiary of Link Ventures, LLLP, whereby each such entity provides marketing services to us by delivering
EverQuote-related advertisements through websites, social media platforms, emails and other marketing campaigns.
We believe that the
terms and conditions of each of these agreements are no less favorable to us than those that could be obtained in arms-length dealings. Pursuant to these agreements, we paid an aggregate of approximately $8.7 million in 2018 to Link Ventures
and entities affiliated with Link Ventures.
Office Space Agreement with Cogo Labs
In October 2016, we entered into a license agreement with Cogo Labs to license a portion of office space leased by Cogo Labs from the landlord
at 210 Broadway, Cambridge, Massachusetts. Under the terms of the license, we agreed to pay Cogo Labs $500 per occupied desk, plus reimbursement for snacks and lunches. In June 2018, we entered into a new license agreement with Cogo Labs,
where we agreed to license between 1,250 and 2,250 square feet of office space, plus a pro rata portion of shared space, for a license fee between $13,250 and $18,000 per month. The June 2018 license agreement superseded the October 2016
license agreement in its entirety. During 2018, we paid approximately $150,000 to Cogo Labs under the October 2016 license agreement and the June 2018 license agreement. Between January 1, 2019 and March 23, 2019, we paid approximately
$36,000 to Cogo Labs under the June 2018 license agreement. On March 24, 2019, we began to lease directly from our landlord the space previously occupied by Cogo Labs at 210 Broadway and we and Cogo Labs terminated the June 2018 license
agreement. Since we did not yet have a need for the entirety of the space, we agreed to license approximately 5,000 square feet to Cogo Labs, commencing on March 24, 2019 and ending on December 31, 2019, for $29,200 per month. Cogo Labs can
terminate this license at any time on 45 days advance notice.
Registration Rights
We are a party to an investors rights agreement, originally entered into in August 2008 and most recently amended and restated in June
2016, with certain holders of our Class B common stock and certain holders of our preferred stock, including entities affiliated with Link Ventures and Stratim Capital. The investors rights agreement provides these holders the right to
demand that we file a registration statement or request that their shares be included in a registration statement that we are otherwise filing. Pursuant to the investors rights agreement, we are required to pay all registration expenses
and indemnify these holders with respect to each registration of registrable shares that is effected.
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