EX-10.11 10 ofg10k12312020ex1011.htm EXHIBIT 10.11
1
Exhibit 10.11
Certain identified information
has been excluded from this exhibit pursuant
to
Item 601(b)(10)(iv) of Regulation
S-K because it is both not
material and would
likely cause competitive
harm to the registrant
if publicly disclosed.
ORDER
Prepared for: Oriental
Bank
254 Munoz Rivera
Avenue15th
Floor San Juan, PR 00918
Order Effective
Date:
7/28/2020
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Fidelity Information
Services,
LLC 601
Riverside
Avenue
Jacksonville,
FL 32204-2946
This Order is
governed
by the Technology
Outsourcing
Agreement
originally
entered into between
Oriental Bank
(“
Client
”) and
Metavante Corporation
dated 1/26/2007 (“
Agreement
”). The
Solution
Terms below
apply to
the
referenced
Solutions,
in addition to
the Technology Outsourcing Agreement. By
signing this Order, Client
agrees to
purchase the Services
and license the
Software listed
on the attached
pricing attachment(s).
SOLUTIONS
& TERM
Each Service on this Order will begin on the Commencement Date for that Service and continue for the initial term in
the table above (the “
Initial Term
”). After the Initial Term,
or the then current Renewal Term,
the term of the Service
automatically
renews for successive renewal terms as set
forth in the table
above (each, a “
Renewal Term
”) unless
terminated
by Client or FIS
in writing at least 180
days prior to the
last day of the
Initial Term or
of the then current
Renewal Term.
As of the Order Effective Date above, Metavante Corporation hereby assigns, and Fidelity Information
Services,
LLC,
herby assumes, all of
the rights and
obligations
of the Agreement existing or
accruing on or before
the date of
this
Amendment to the same extent
as if Fidelity Information Services,
LLC had been the original party to the
Agreement
.
The parties agree
that the
Agreement is hereby
Amended
to replace
references to “Metavante
Corporation”
with
references
to Fidelity Information
Services,
LLC, whose principal
place of business is 601 Riverside Avenue,
Jacksonville,
FL 32204-2946.
All references
to “Metavante”
or “FIS” shall
hereafter refer
to Fidelity Information
Services,
LLC.
This Order
may be
executed
and delivered
by electronic
means. Electronic
signatures will
be deemed
original
signatures
for all purposes and will legally bind the parties to the same extent as an original signature.
In the event of
any conflict between
this Order and
the Agreement,
the terms of this
Order govern the
Solutions
on this Order.
ORIENTAL BANK
FIDELITY INFORMATION
SERVICES,
LLC
Signature:
/s/ Ana Ramos
Signature:
/s/ Matthew Egan
Name:
Ana Ramos
Name:
Matthew Egan
Title:
Ana T. Ramos, CIO
Title:
Accounting Manager
Date:
November 18, 2020 | 15:05 PST
Date:
November 30, 2020 | 11:30 EST
Account ID: 11461 OID: 00663758
Solution
Applicable Solution
Terms (Existing)
Applicable
Solution Terms
(Attached)
Initial Term
Renewal Term
IBS Banking System
The existing
Technology
Outsourcing
Agreement
Coterminous
with
the Services
provided under
the
Technology
Outsourcing
Agreement.
Coterminous
with
the Services
provided under
the Technology
Outsourcing
Agreement.
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Prepared for: Oriental Bank
Page 1
4
PRICING
ATTACHMENT
ORIENTAL
BANK
REVISED:
OCTOBER
23, 2020
[* * *]
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Company
Confidential/SB/663758/S1/C3
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