Item 1.02 Termination of a Material Definitive Agreement.

On September 7, 2022, ZipRecruiter, Inc. (the "Company") entered into a Termination of Lease Agreement with Cousins Fund II Phoenix III, LLC ("Landlord") with respect to certain office space (the "Premises") leased by the Company consisting of approximately 27,135 rentable square feet located at 40 East Rio Salado, Tempe, Arizona (the "Lease Termination Agreement"). The Lease Termination Agreement provides that the Commercial Lease, dated November 8, 2016, by and between the Company and Landlord (as amended, the "Lease"), will terminate effective October 31, 2022 (the "Termination Date").

The Lease Termination Agreement provides for, among other terms, the surrender to Landlord of the Premises and the removal from the Premises of specified property of the Company. In addition, within 30 days of the Termination Date, the letter of credit representing the Company's security deposit under the Lease will be terminated.

The foregoing description of the terms of the Lease Termination Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the complete text of the Lease Termination Agreement, a copy of which the Company expects to file with its Quarterly Report on Form 10-Q for the three months ending September 30, 2022, and upon filing will be incorporated herein by reference.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses