AMENDMENT 7

EX-10.40 10 w23440a6exv10w40.htm EX-10.40 exv10w40
 

Exhibit 10.40
AMENDMENT 7
This Amendment 7 becomes part of the Xcelerate Partner Agreement (the “Agreement”), dated August 02, 2001, between NSI and Sunbelt Software Distribution Inc. (“VAR”).
Whereas, NSI and VAR wish to modify certain provisions regarding the Term of the Agreement, the Xcelerate Partner Agreement shall be modified as follows:
Section 12 (a) referenced in Addendum 6 shall be amended for 2005:
(a) Term. This Agreement shall continue in effect until December 31, 2006 with all existing discounts until such termination.
Whereas NSI and VAR wish to modify certain provisions pertaining to Aggregate Dollar Value, the Xcelerate Partner Agreement shall be modified as follows:
Addendum 3, Schedule B Section 6 shall be amended for 2005 by adding the following::
For the calendar year 2005, at the end of the quarter, when the VAR meets or exceeds the YTD Aggregate Dollar Value of $6,000,000, VAR will receive a check or a credit, at NSI’s sole discretion, for eight (8%) of the list price of the Quarterly Aggregate Dollar Value sold for that quarter, and a check or credit, at NSI’s sole discretion, for $184,615 within forty-five (45) days after the end of that quarter. Additionally for that quarter VAR will receive a check or credit, at NSI’s sole discretion, equal to twelve percent (12%) of the list price on every YTD Aggregate Dollar over $6,000,000 which will be paid or credited, at NSI’s sole discretion, within forty-five (45) days after the end of that quarter. For each quarter, thereafter, the VAR will receive a check or credit, at NSI’s sole discretion, equal to twelve percent (12%) of the Quarterly Aggregate Dollar Value sold for that quarter just completed.
Within 90 days prior to the end of the current calendar year both parties will meet and mutually agree on new quarterly and annual Aggregate Dollar Value goals for the next calendar year. This must be done in writing as an addition to this Addendum and signed by both parties.
             
NSI Software, Inc.   Sunbelt Software Distribution Inc.
 
           
Date:
  3/22/05   Date:   March 18, 2005
 
           
 
           
Signature:
  /s/ S. Craig Huke   Signature:   /s/ Sam Licciardi
 
           
 
           
Print Name:
  S. Craig Huke   Print Name:   Sam Licciardi
 
           
 
           
Title:
  CFO   Title:   Executive Vice President
 
           

1