Hosting and Maintenance. From and after the Effective Date, Insurer shall pay to AFS a fee for Standard Services in the amount of (i) $72,000 for the annual contract period ending September 25, 2012, which amount shall be payable within three (3) business days of the Effective Date and represents the balance due for such contract period after giving effect to prepayments for such period previously made by Insurer under the Original Agreement and (ii) $72,000 for the annual contract period commencing September 26, 2012 and ending September 25, 2013, which amount shall be prepaid by Insurer on or before September 26, 2012. Notwithstanding the foregoing, if this Agreement shall be renewed or continue in effect after the Initial Term AFS may change its hosting and maintenance fees in a amount not to exceed the change in hosting and maintenance fees for Standard Services as offered to similarly situated Insurers of AFS except as may be as reasonably adjusted on mutual agreement to reflect any requirements particular to Insurer and its use of Standard Services hereunder, or such other fees as Insurer and AFS may agree in writing. Despite the foregoing, Insurer, in its discretion, may elect to terminate this Agreement on sixty (60) days following notice of any such increase. Nothing in this Agreement is intended to impose or imply any obligation on either party to renew this Agreement or to restrict either party’s right to elect, in such party’s sole discretion, not to renew this Agreement. 769633.3 769633.6 CHI1 1860180v.6
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Hosting and Maintenance. From and after the Effective Date, Insurer shall pay to AFS a fee for Standard Services in the amount of (i) $72,000 for the annual contract period ending September 25, 2012, which amount shall be payable within three (3) business days of the Effective Date and represents the balance due for such contract period after giving effect to prepayments for such period previously made by Insurer under the Original Agreement and (ii) $72,000 for the annual contract period commencing September 26, 2012 and ending September 25, 2013, which amount shall be prepaid by Insurer on or before September 26, 2012. Notwithstanding the foregoing, if this Agreement shall be renewed or continue in effect after the Initial Term AFS may change its hosting and maintenance fees in a amount not to exceed the change in hosting and maintenance fees for Standard Services as offered to similarly situated Insurers of AFS except as may be as reasonably adjusted on mutual agreement to reflect any requirements particular to Insurer and its use of Standard Services hereunder, or such other fees as Insurer and AFS may agree in writing. Despite the foregoing, Insurer, in its discretion, may elect to terminate this Agreement on sixty (60) days following notice of any such increase. Nothing in this Agreement is intended to impose or imply any obligation on either party to renew this Agreement or to restrict either party’s right to elect, in such party’s sole discretion, not to renew this Agreement. 769633.3 769633.6 CHI1 1860180v.6.
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