11605 N. Community House Road, Suite 300
Charlotte, NC 28277
CONFIDENTIAL AND PROPRIETARY
Paymentus legal | Revised 6.10.20
WORKSITE\JAMIER\06000.12001\10287067.1
AMENDMENT NO. 1 TO MASTER SERVICES AGREEMENT
This Amendment No. 1 (“Amendment”) amends the Master Services Agreement (the “Agreement”) effective as of April 6, 2016, and executed on October 7, 2021 between City of Corona, a California municipal corporation (“Client”) with a principal place of business located at 755 Public Safety Way Corona, CA 92880 and Paymentus Corporation, a State of Delaware Corporation with a principal place of business at 11605 N. Community House Rd, Suite 300, Charlotte, North Carolina 28277 (“Paymentus”). Client and Paymentus are also referred to as “Party” and collectively as the “Parties.” This Amendment is effective at the time of the last to sign of the Parties.
STATEMENT OF PURPOSE
Client and Paymentus entered into the Agreement for electronic bill payment services; The Initial Term of the Agreement expired on June 30, 2023; The Parties agree to extend the Initial Term of the Agreement through June 30, 2027.
AGREEMENT
In consideration of mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Client and Paymentus agree as follows:
1. Amendment. The Agreement is hereby amended as of the Effective Date of this Amendment as follows:
1.1. The Parties agree to extend the Initial Term (“Term”) of the Agreement, as set forth in Section 9.1 of the Agreement, through June 30, 2027. At the end of the Term,thisAgreementwill automatically renew forsuccessive one (1) year periods (“Renewal Term”) unless either Client or Paymentus provide the other party with not less than 6 (six) months prior written notice before such automatic renewal date that such party elects not to automatically renew the term of this Agreement.
1.2. Paymentus will include $2,500 in future implementation credit to be used towards new solutions like MyMeter Portal Integration, Scan-to-Pay, Disbursements, Secure Service SMS, or any other implementation request.
2. Miscellaneous:
2.1 This Amendment is binding and inures to the benefit of the Parties and their respective successors and assigns.
2.2 All other terms and conditions of the Agreement not modified by this Amendment shall remain in full force and effect.
2.3 This Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 11605 N. Community House Road, Suite 300
Charlotte, NC 28277
CONFIDENTIAL AND PROPRIETARY
Paymentus legal | Revised 6.10.20
WORKSITE\JAMIER\06000.12001\10287067.1
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed by their duly authorized representatives.
CITY OF CORONA, CA PAYMENTUS CORPORATION
By: By:
Printed Name: Printed Name:
Title: Title:
Date: Date:
Peter Fanous
Senior Vice President
11-30-2023