Amendment, dated as of November 30, 2020, to Technology Outsourcing Agreement between Oriental and FIS

EX-10.11 10 ofg10k12312020ex1011.htm EXHIBIT 10.11 ofg10k12312020ex1011
 
1
 
Exhibit 10.11
 
Certain identified information
 
has been excluded from this exhibit pursuant
 
to
Item 601(b)(10)(iv) of Regulation
 
S-K because it is both not
 
material and would
likely cause competitive
 
harm to the registrant
 
if publicly disclosed.
 
 
ORDER
 
 
Prepared for: Oriental
 
Bank
 
254 Munoz Rivera
 
Avenue15th
 
Floor San Juan, PR 00918
Order Effective
 
Date:
7/28/2020
 
 
 
 
 
 
2
Fidelity Information
 
Services,
 
LLC 601
 
Riverside
 
Avenue
Jacksonville,
 
FL ###-###-####
 
This Order is
 
governed
 
by the Technology
 
Outsourcing
 
Agreement
 
originally
 
entered into between
Oriental Bank
(“
Client
”) and
Metavante Corporation
dated 1/26/2007 (“
Agreement
”). The
 
Solution
 
Terms below
 
apply to
 
the
referenced
 
Solutions,
 
in addition to
 
the Technology Outsourcing Agreement. By
 
signing this Order, Client
 
agrees to
purchase the Services
 
and license the
 
Software listed
 
on the attached
 
pricing attachment(s).
SOLUTIONS
 
& TERM
 
 
 
 
 
 
 
 
 
 
Each Service on this Order will begin on the Commencement Date for that Service and continue for the initial term in
the table above (the “
Initial Term
”). After the Initial Term,
 
or the then current Renewal Term,
 
the term of the Service
automatically
 
renews for successive renewal terms as set
 
forth in the table
 
above (each, a “
Renewal Term
”) unless
terminated
 
by Client or FIS
 
in writing at least 180
 
days prior to the
 
last day of the
 
Initial Term or
 
of the then current
Renewal Term.
As of the Order Effective Date above, Metavante Corporation hereby assigns, and Fidelity Information
 
Services,
 
LLC,
herby assumes, all of
 
the rights and
 
obligations
 
of the Agreement existing or
 
accruing on or before
 
the date of
 
this
Amendment to the same extent
 
as if Fidelity Information Services,
 
LLC had been the original party to the
Agreement
.
The parties agree
 
that the
 
Agreement is hereby
 
Amended
 
to replace
 
references to “Metavante
 
Corporation”
 
with
references
 
to Fidelity Information
 
Services,
 
LLC, whose principal
 
place of business is 601 Riverside Avenue,
Jacksonville,
 
FL ###-###-####.
 
All references
 
to “Metavante”
 
or “FIS” shall
 
hereafter refer
 
to Fidelity Information
 
Services,
LLC.
This Order
 
may be
 
executed
 
and delivered
 
by electronic
 
means. Electronic
 
signatures will
 
be deemed
 
original
signatures
 
for all purposes and will legally bind the parties to the same extent as an original signature.
 
In the event of
any conflict between
 
this Order and
 
the Agreement,
 
the terms of this
 
Order govern the
 
Solutions
 
on this Order.
 
ORIENTAL BANK
FIDELITY INFORMATION
 
SERVICES,
 
LLC
Signature:
 
/s/ Ana Ramos
Signature:
 
/s/ Matthew Egan
Name:
Ana Ramos
Name:
Matthew Egan
Title:
Ana T. Ramos, CIO
Title:
Accounting Manager
Date:
November 18, 2020 | 15:05 PST
Date:
 
November 30, 2020 | 11:30 EST
 
 
 
 
 
 
 
 
 
 
 
Account ID: 11461 OID: 00663758
 
Solution
Applicable Solution
Terms (Existing)
Applicable
Solution Terms
(Attached)
Initial Term
Renewal Term
IBS Banking System
The existing
Technology
Outsourcing
 
Agreement
Coterminous
 
with
the Services
provided under
 
the
Technology
Outsourcing
Agreement.
Coterminous
 
with
the Services
provided under
the Technology
Outsourcing
Agreement.
 
 
3
 
Prepared for: Oriental Bank
 
Page 1
 
 
4
 
PRICING
 
ATTACHMENT
ORIENTAL
 
BANK
 
 
REVISED:
 
OCTOBER
 
23, 2020
[* * *]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5
 
 
 
 
 
 
 
 
 
 
Company
 
Confidential/SB/663758/S1/C3
 
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