Item 1.01.
Entry into a Material Definitive Agreement.
On March 17, 2016, American CareSource Holdings, Inc. (the “Company”) finalized arrangements to reduce operating expenses
related to the lease of its headquarters.
55 Allen Plaza Sublease
Effective March 17, 2016, ACSH Service Center, LLC (“ACSH”), a subsidiary
of the Company, entered into an agreement (the “55 Allen Plaza Sublease”) with Skanska USA Building, Inc. (“Skanska”)
to sublease from Skanska approximately 4,942 square feet of office space at 55 Allen Plaza, 55 Ivan Allen Jr. Boulevard, Atlanta,
Georgia 30308. The term of the sublease is from March 16, 2016 through June 15, 2019, and ACSH has an option to extend the term
of the sublease to April 30, 2020 upon nine months’ written notice to Skanska. The rent for the period of the sublease through
February 28, 2017 is at a rate of $8,236.67 per month, and rent for subsequent annual periods (beginning March 1) increases by
approximately 2.4% annually. The terms of the sublease are subordinate to the terms of a master lease between Skanska and TR 55
Allen Plaza LLC. The sublease is guaranteed by the Company.
The foregoing description of the 55 Allen Plaza Sublease is qualified in its entirety
by reference to the provisions of the 55 Allen Plaza Sublease which shall be filed as an exhibit to the Company’s Annual
Report on Form 10-K for the year ended December 31, 2015.
Proscenium Sublease
Effective March 17, 2016, ACSH entered into an agreement (the “Proscenium Sublease”)
with LeClair Ryan, PC (“LeClair Ryan”) to sublease to LeClair Ryan approximately 9,748 square feet of office space
at The Proscenium, 1170 Peachtree Street, Suite 2350, Atlanta, Georgia 30309. The term of the sublease is from March 16, 2016 through
April 30, 2020. The rent for the period of the sublease from April 1, 2016 through September 30, 2016 is at a rate of $12,591.17
per month, rent from October 1, 2016 through March 31, 2017 is at a rate of $25,182.33, and rent for subsequent annual periods
(beginning April 1) increases by approximately 2.9% annually. The terms of the sublease are subordinate to the terms of a master
lease between ACSH and John Hancock Life Insurance Company (U.S.A.), which consented to the sublease on March 17, 2016.
The foregoing description of the Proscenium Sublease is qualified in its entirety by
reference to the provisions of the Proscenium Sublease, which shall be filed as an exhibit to the Company’s Annual Report
on Form 10-K for the year ended December 31, 2015.