Documents

resolution 2 pages

Also attached to this agenda item: Resolution 115-2025 DebtBook Renewal

RENEWAL AMENDMENT & ORDER FORM This Renewal Amendment & Order Form (“Renewal Amendment”) to the existing Agreement, as defined below, is entered into between Fifth Asset, Inc. d/b/a DebtBook (“DebtBook”) and the Customer identified in the signature block below (“Customer”)(together, the “Parties”), is effective as of the date of Customer’s signature below and amends the Agreement as set forth below. RECITALS WHEREAS, the Parties have previously executed the Agreement dated May 1, 2023 (together, the “Agreement”), as amended, which established the rights and obligations of each party with respect to the Services. WHEREAS, the Parties now wish to amend the Agreement to renew the Agreement and the Services for an additional one year. NOW, THEREFORE, in consideration of the mutual covenants and promises set herein and the continuing rights and obligations of the parties as set forth in the Agreement and the Renewal Amendment, the parties agree as follows: SERVICES & FEES Compliance Item & Description Year 1 Lease & SBITA Management Complete Annual recurring fee for DebtBook's Lease and SBITA management software-as-a-service application provided to Customer through access to the Application Services Price $7,770.00 Non-Recurring Item & Description Year 1 Lease & SBITA Management Complete Guided Implementation The general support, training, and guidance provided to the Customer to facilitate the Customer's entry of Customer Data and implementation of the Application Service Price $0.00 Summary Year 1 Recurring Subscription Fees $7,770.00 One-Time Implementation Fees $0.00 Annual Total $7,770.00 TOTAL CONTRACT VALUE $7,770.00 TERMS 1. The Parties have agreed to renew and extend the Agreement for an additional one year beginning on May 31, 2025 (the “Renewal Date”) and concluding on May 30, 2026 (the “Renewal Term”). 2. The definition for “Application Services” in the Agreement is hereby amended to mean the Products and other application-based services that DebtBook offers to Customer through access to the DebtBook application. “Products” means, collectively, any products DebtBook may offer to Customer from time to time through the Application Services, in each case as established in any Order Form then in effect. The specific Products offered to Customer as part of the Application Services are limited to those Products expressly described in any Order Form then in effect. 3. The Fees for each year of the Renewal Term are set forth above and will be due and payable on the Renewal Date and on each anniversary thereafter, subject in each case to the payment terms in the Agreement. 4. Any reference to the “Agreement” will mean the Agreement as modified by this Renewal Amendment. On the first day of the Renewal Term, this Renewal Agreement will constitute an “Order Form” as defined in the Agreement. Capitalized terms not defined herein will have the same meaning ascribed to them as set forth in the Agreement. 5. The express provisions of this Renewal Amendment constitute the sole amendment and modification of the Agreement by and between the Parties in connection with the Renewal Term. This Renewal Amendment may be executed in counterparts, including facsimile or other electronic counterparts. 6. Each of the undersigned represents that they are authorized to (1) execute and deliver this Renewal Amendment on behalf of their respective party and (2) bind their respective party to the terms of the Agreement, and (3) sufficient funds have been appropriated and are available to pay any Fees due under the Agreement in Customer’s current fiscal year. Fifth Asset, Inc. d/b/a DebtBook By: Name: Title: Date: Croton-On-Hudson Village, NY By: Name: Title: Date: