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6.1b. ERMUSR 09-09-2014
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6.1b. ERMUSR 09-09-2014
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9/9/2014 12:05:25 PM
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9/9/2014 12:05:24 PM
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City Government
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ERMUSR
date
9/9/2014
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Paymentus <br /> AMENDING AGREEMENT <br /> Customer: City of Elk River Municipal Utility <br /> Customer Address: 13069 Orono Parkway <br /> Elk River, MN. 55330 <br /> Contact for Notices to Customer: Theresa Slominski <br /> This Amending Agreement is entered into as of effective date below, by and between the Customer <br /> ("Customer')identified above and Paymentus Corporation,a Delaware Corporation("Paymentus"). <br /> WHEREAS: <br /> A-The Parties entered into a Master Services Agreement dated April 16, 2010. <br /> B—The Parties now wish to amend the Term of the Master Service Agreement to expire effective <br /> February 2, 2015. <br /> C—The Parties now agree that an early cancellation fee in the amount of$97,493.00 shall be <br /> paid in full to Paymentus Corporation on or by November 3, 2014, otherwise, this Amending <br /> Agreement shall be considered revoked and the remaining term, in accordance with the Master <br /> Service Agreement, shall be enforced. <br /> NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the receipt <br /> and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, <br /> hereby covenant and agree as follows: <br /> Except for Term and Early Cancellation fee as provided in this Amending Agreement, all <br /> provisions of the Master Service Agreement remain in full force and effect, un-amended. <br /> IN WITNESS WHEREOF,the parties have caused this Agreement to be executed by their duly <br /> authorized representatives <br /> Customer: Paymentus: <br /> By: By: <br /> Name: Name: <br /> Title: Title: <br /> Date: Date: <br /> - 1 - <br /> 72 <br />
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