Item 1.01 Entry into a Material Definitive Agreement.
On August 12, 2022, The OLB Group, Inc. (the "Company") executed a Services
Agreement dated August 3, 2022 (the "Agreement") in New York, New York to rent
office space and receive communication services for its corporate headquarters.
The office is located at 1120 Avenue of the Americas, 4th Floor, New York, NY
10036. The monthly services fee is $2,765.00 with a communications fee of $100
per month. Per the terms of the Agreement, the fees for the first and 13th month
of the term (if extended beyond the initial term) shall be waived. The initial
term of the Agreement is for one year, commencing September 1, 2022 and expiring
August 31, 2023 with an automatic extension of the term of the Company does not
provide at least 60 days prior notice to the end of the term.
A copy of the Agreement is filed as Exhibit 10.1 hereto.
The description of the terms contained in the Agreement set forth herein does
not purport to be complete and is qualified in its entirety by reference to the
full text of each of the exhibits filed herewith and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number Exhibit Description
10.1 Services Agreement between Executive Workspace LLC d/b/a Elevated NY
and The OLB Group, Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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