Revised Payment Terms
EX-10.2 2 srt-ex102_2016630x10q.htm EXHIBIT 10.2 Exhibit
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CONFIDENTIAL TREATMENT REQUESTED
[*] Indicates confidential portions omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.
Revised Payment Terms
Effective June 1, 2016, all orders with Sprint are subject to the terms below:
• | Effective June 1, 2016 through August 30, 2016 Sprint will pay undisputed amounts for services performed during that period within [*] ([*]) days of receipt of Supplier’s invoice. |
• | From September 1, 2016 and going forward Sprint will pay undisputed amounts for services performed within [*] ([*]) days of receipt of Supplier’s invoice. |
The parties will endeavor to reach [*] ([*]) days terms, provided Sprint can commit to mutually agreeable business terms (eg, increased rates, increased fees, and/or additional seats).
If there are any major changes to Suppliers receivables factoring setup, Supplier will notify Sprint and if within 90 days the parties have not reached a mutually acceptable resolution, the payment terms will revert to a [*] term.
All payments made to Supplier will be via ACH unless Supplier makes a different arrangement with Sprint.
Signed:
Sprint / United Management Company StarTek, Inc.
/s/ Teri L. Craner-Hallahan /s/ Chad A. Carlson
Signature of Authorized Representative Signature of Authorized Representative
Teri L. Craner-Hallahan Chad Carlson
Printed Name Printed Name
Sourcing Manager President & CEO
Title Title
April 20, 2016 April 22, 2016
Date Date
