ADDENDUM to the CampusNet® Infrastructure as a Services (IaaS) Agreement BETWEEN CAMPUS MANAGEMENT CORP. AND Bridgepoint Education Inc. Purpose of Addendum: Terminate Agreement
Exhibit 10.1
ADDENDUM to the CampusNet® Infrastructure as a Services (IaaS) Agreement
BETWEEN
CAMPUS MANAGEMENT CORP. AND
Purpose of Addendum: Terminate Agreement
This Addendum, effective upon the mutual execution by the parties hereunder, is incorporated into and made a part of the CampusNet® Infrastructure as a Services (IaaS) Agreement (the “Agreement”) between Campus Management Corp. (“CMC”) and Bridgepoint Education Inc. (“Customer”), dated as of June 30, 2016. All capitalized terms not otherwise defined herein shall have the meaning set forth in the Agreement. The Agreement shall be amended, as follows:
1. | Customer and CMC agree and acknowledge that the Agreement is hereby terminated, effective December 31, 2016, subject to Customer’s satisfaction of payment under Section 3 of the Addendum to the Software License Agreement executed between the parties contemporaneously with this Addendum. |
2. | No further payments are due or payable under the Agreement. The early termination fee set forth in Section 10.2 of the Agreement shall not apply. |
Agreed and accepted by:
CAMPUS MANAGEMENT CORP. | |
By: /s/ Xxxxxx Xxxxx | By: /s/ Xxxxxx Xxxxxx 3] |
Print: Xxxxxx Xxxxx | Print: Xxxxxx Xxxxxx ] |
Title: CIO | Title: CFO |
Date: May 2, 2017 | Date: May 5, 2017 |
Add IaaS Page 1 of 1 Confidential
AN-041317
