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2025-095-E-Finance Dept-Fifth Asset-Debt Management
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2025-095-E-Finance Dept-Fifth Asset-Debt Management
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Last modified
3/10/2025 2:03:35 PM
Creation date
3/10/2025 2:03:34 PM
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Contract
Date
2/21/2025
Contract Starting Date
2/21/2025
Contract Ending Date
2/21/2025
Contract Document Type
Contract
Amount
$22,000.00
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In Process <br /> <br />RENEWAL AMENDMENT & ORDER FORM <br />This Renewal Amendment & Order Form (“Renewal Amendment”) to the existing Agreement, as defined below, is entered into <br />between Fifth Asset, Inc. d/b/a DebtBook (“DebtBook”) and the Customer identified in the signature block below <br />(“Customer”)(together, the “Parties”), is effective as of the date of Customer’s signature below and amends the Agreement as <br />set forth below. <br /> <br />RECITALS <br /> <br />WHEREAS, the Parties have previously executed the Order Form and Terms & Conditions dated December 1, 2021 (together, <br />the “Agreement”), as amended, which established the rights and obligations of each party with respect to the Services. <br />WHEREAS, the Parties now wish to amend the Agreement to renew the Agreement and the Services for an additional one year, <br />prorated to align with Customer’s fiscal year end. <br />NOW, THEREFORE, in consideration of the mutual covenants and promises set herein and the continuing rights and obligations <br />of the parties as set forth in the Agreement and the Renewal Amendment, the parties agree as follows: <br />SERVICES & FEES <br />Products <br />Item & Description Year 1 (12/1/2024- <br />6/30/2025) <br />Year 2 (7/1/2025- <br />6/30/2026) <br />Debt Management <br />Annual recurring fee for DebtBook's debt <br />management software-as-a-service <br />application provided to Customer through <br />access to the Application Services <br />List Price <br /> <br />Discount <br /> <br />Subtotal <br />$30,000.00 <br /> <br />($25,895.00) <br /> <br />$4,105.00 <br />$30,000.00 <br /> <br />($22,605.00) <br /> <br />$7,395.00 <br />Lease & SBITA Management <br />Annual recurring fee for DebtBook's lease <br />and SBITA management software-as-a- <br />service application provided to Customer <br />through access to the Application Services <br />List Price <br /> <br />Discount <br /> <br />Subtotal <br />$15,000.00 <br /> <br />($11,000.00) <br /> <br />$4,000.00 <br />$15,000.00 <br /> <br />($8,500.00) <br /> <br />$6,500.00 <br /> <br />Annual Summary Year 1 Year 2 <br />Recurring Subscription Fees $8,105.00 $13,895.00 <br /> <br />Annual Total $8,105.00 $13,895.00 <br /> <br />TERMS <br />1. The Parties have agreed to renew and extend the Agreement for an additional prorated two years beginning on December <br />1, 2024 (the “Renewal Date”) and concluding on June 30, 2026 (the “Renewal Term”). Year 1 of the Renewal Term will run <br />from December 1, 2024, to June 30, 2025. Year 2 of the Renewal Term will run from July 1, 2025, to June 30, 2026. <br />2. The definition for “Application Services” in the Agreement is hereby amended to mean the Products and other <br />application-based services that DebtBook offers to Customer through access to the DebtBook application. “Products” <br />means, collectively, any products DebtBook may offer to Customer from time to time through the Application Services, in <br />each case as established in any Order Form then in effect. The specific Products offered to Customer as part of the <br />Application Services are limited to those Products expressly described in any Order Form then in effect. <br />Docusign Envelope ID: B6F6796D-F354-4EBE-A8AE-1FDE4B2FAA73Docusign Envelope ID: 77D294EB-CD27-4F83-B262-533EB3438A67
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