Exhibit 10.16
AMENDMENT
February 15, 2006
This Amendment dated February 15, 2006 (the "Amendment") hereby amends the
Agreement No. 530133-7202 by and between GTECH Corporation and TransAct
Technologies Incorporated (the "Agreement").
By signing this Amendment, the parties agree to amend the Agreement as follows:
1. Section 2.2 of the Agreement is hereby amended to replace "normal
lead-time of sixty (60) calendar days" with "normal lead time of
ninety (90) calendar days".
2. Section 21.1 of the Agreement is hereby amended to replace "and shall
continue for five (5) years" with "and shall continue for ten (10)
years".
3. Attachment 2 of the Agreement is hereby amended to replace "Unit Price
for any quantity is $[*]" with "Unit Price for any quantity is $[*],
such price effective with orders shipped by VENDOR starting on
December 4, 2006".
Except as set forth in this Amendment, the Agreement is and shall remain in full
force and effect in accordance with its terms.
TransAct Technologies Incorporated GTECH Corporation
By: /s/ Xxxx X. Xxxxxxxx By: /s/ Xxxxxxx Xxxxxxxxxxx
--------------------------------- ------------------------------------
Xxxx X. Xxxxxxxx Xxxxxxx Xxxxxxxxxxx
Chairman, president & CEO VP Technology Operations
* Confidential treatment requested
