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Exhibit 10.4.3
CONTRACT AMENDMENT #02
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CONTRACT NUMBER: ......................................................33520-350
TITLE: ............................................ITVM PURCHASE AND MAINTENANCE
CONTRACT TERM: ..............................October 1,1998 - September 30, 2001
ISSUED BY: .....................................................Virginia Lottery
000 Xxxx Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxxx 00000
CONTRACTOR: ...................................On-Point Technology Systems, Inc.
0000 Xxx Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxx Xxxxxx, Xxxxxxxxxx 00000
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SERVICES: Rental of #7500 4-bin Instant Ticket Vending Machines for the period
of February 1, 1999 - December 31, 1999.
This Amendment consists of this Page 1 with signatures and Pages 2 - 3 which are
attached hereto.
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TOTAL AMOUNT OF CONTRACT, including Amendments 1-2 Estimate: ......$9,027,867.00
TOTAL AMOUNT OF AMENDMENT #02 Estimate: ..............................$54,070.00
INVOICE ADDRESS ................................................Virginia Lottery
Attention: Accounts Payable
000 Xxxx Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxxx 00000
CONTRACT OFFICER: ..............................Xxxxxxxx XxxXxxxxx, 000-000-0000
ACCOUNTING DATA ..............................Cost Code: 833; Account Code: 1534
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On-Point Technology Systems, Inc. Virginia Lottery
By: /s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxxxxx XxxXxxxxx
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Signature Signature
Xxxxx X. Xxxxxxx Xxxxxxxx XxxXxxxxx
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Print Name Print Name
Sr. Vice President Senior Contract Officer
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Title Date Title Date
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This Amendment entered into this 16th day of March, 1999 by On-Point Technology
Systems, Inc. ("Contractor"), and the State Lottery Department, ("Lottery" or
"Virginia Lottery"), an agency of the Commonwealth of Virginia.
The Lottery and the Contractor agree to the following modification to the
original Contract:
1. AMENDMENT TERM: The term of this Amendment shall be from March 16, 1999 to
December 31, 1999.
2. SCOPE OF SERVICE: The Lottery agrees to pay to the Contractor a monthly
rental for the use of On-Point 4-bin Instant Ticket Vending Machines
(ITVMs) as follows:
3.
A. The Lottery will rent 132 4-bin ITVMs from March 16, 1999 to
December 31, 1999. Rental shall include the following:
1) Repair on an as-needed basis, but not preventive maintenance.
2) A one time installation of 64 4-bin ITVMs currently warehoused
at On-Point free of charge.
3) Removal of all 4-bin ITVMs from Lottery retail locations. This
shall include those 4-bin ITVMs removed because of the
installation of new ITVM equipment, and all 4-bin ITVMs at the
end of the rental term, December 31, 1999, or at any time when
an ITVM cannot be repaired.
B. The Lottery agrees to pay a $65 installation charge for all other
4-bin ITVMs.
C. It is agreed that the quantity of 4-bin ITVMs subject to the rental
charge will remain constant at 132 units from March 16, 1999 to
September 30, 1999. Thereafter, the quantity of ITVMs subject to a
rental charge may decrease and shall represent only those 4-bin
units physically installed at a Lottery retail location.
D. The Lottery agrees to pay, retroactively, rental of 145 4-bin ITVMs
for the period February 1, 1999 through February 28, 1999.
E. The Lottery agrees to pay, retroactively, rental of 132 4-bin ITVMs
from March 1,1999 through March 15, 1999.
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3. COMPENSATION: The Lottery and the Contractor agree to the following method
of compensation:
Rental of 4-bin ITVM units: $35 x 132 (approx) x 10 months = $46,200.00
Rental of 4-bin ITVM units: $35 x 145 = $5,075.00
Installation Charge: $65 x 43 (approx) = $2,795.00
Total Amount of Amendment, estimated: $54,070.00
4. TERMS AND CONDITIONS: All other terms and conditions previously specified
in the original contract, dated January 22, 1996, as amended and modified
shall remain unchanged.
5. INTEGRATION OF CONTRACT: Amendment #002, Amendment #001 and the Contract
dated October 1, 1998, constitute the entire agreement between the Lottery
and the Contractor. No alteration, amendment, or modification of this
agreement shall be effective unless and until it is reduced to writing,
signed by the parties and attached hereto.
6. DISPUTES: Resolution of disputes arising under this Contract, as amended,
will proceed in accordance with the Lottery Department's Regulations.
7. RATIFICATION: Except as expressly amended by this agreement, the Contract
shall remain in full force and effect, and the Contractor and the Lottery
shall ratify and affirm the terms and conditions.
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