Exhibit 10.36


 


PORTIONS OF THIS EXHIBIT
WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE
COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE
24B-2 OF THE SECURITIES EXCHANGE ACT; [***] DENOTES OMISSIONS.


 


AMENDMENT # 7 TO THE MASTER SERVICES AGREEMENT


 


WHEREAS,
Metavante Corporation, a Wisconsin corporation with a place of business at 4900
West Brown Deer Road, Brown Deer WI 
53223 (“Metavante” or “Customer”) and Virtusa Corporation, a Delaware
corporation with offices at 2000 West Park Drive, Westborough, MA 01581 (“Virtusa”)
entered into a Master Services Agreement dated as of March 23, 2004, as
amended  by the Prior Amendments  (as defined below) (the “Agreement”);


 


WHEREAS,
the parties previously entered into the first Amendment to the MSA on March 31,
2006, Amendment #2 to the MSA on September 28, 2006, Amendment #3 to the
MSA dated as of March 29, 2007 (“Amendment No. 3”), Amendment #4 to
the MSA dated as of April 13, 2008 (“Amendment No. 4”),Amendment #5
to the MSA dated as of June 27, 2008 (“Amendment No. 5”) and
Amendment #6 to the MSA dated as of May 27, 2009 (“Amendment No. 6)
(collectively, the “Prior Amendments”).


 


WHEREAS,  the parties seek to amend the Agreement to reflect
the terms and conditions under the Agreement and related work orders for the
period of January 1, 2010  to December 31,
2010, subject to the terms of the Agreement, as amended hereby;


 


NOW
THEREFORE, for valuable consideration, the sufficiency of which is hereby acknowledged,
the parties agree in this Amendment as follows:


 


1.               Capitalized terms used
herein but not defined herein shall have the meanings set forth in the MSA.


 


2.               Section 8.1 of the MSA
is hereby deleted and replaced in its entirety with the following:


 


“This
Agreement will become effective as of the Effective Date and will remain in
effect until December 31, 2010 or until all Services have been completed
or terminated as provided herein, whichever occurs later, unless otherwise
terminated under the provisions of the Agreement.  Metavante may terminate this Agreement or any
Work Order for any reason, upon thirty (30) days prior written notice to
Virtusa, unless otherwise stated in a Work Order with respect to such Work
Order.


 


Virtusa
may terminate this Agreement for any reason upon ninety (90) days prior written
notice to Metavante; provided that no active Work Order is in effect. ”


 


3.               That the resource rates as
set forth in Exhibit A attached hereto and the volume discount
levels as set forth in Exhibit B attached hereto shall be in effect
beginning January 1, 2010, and shall apply to all services provided under
any Work Order entered into between Metavante, or an Affiliate of Metavante,
and Virtusa and for which services are performed during the periods from January 1,
2010, to December 31, 2010. The Exhibits A and B attached
hereto replace in their entirety such exhibits in the Agreement on January 1,
2010.


 


MSA Amendment #7 - November 16, 2009


 


1

















 


PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY
WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR
CONFIDENTIAL TREATMENT UNDER RULE 24B-2 OF THE SECURITIES EXCHANGE ACT; [***]
DENOTES OMISSIONS.


 


4.               Except as otherwise stated
herein, all terms of the Agreement shall remain in full force and effect.


 


IN
WITNESS WHEREOF, the parties have executed this Amendment to the MSA by their
duly authorized representatives as of the day and year below.


 


	
  METAVANTE CORPORATION

  	
   

  	
  VIRTUSA CORPORATION

  
	
  “Metavante”

  	
   

  	
  “Virtusa”

  
	
   

  	
   

  	
   

  
	
  /s/
  Michelle K. Bowen

  	
   

  	
  /s/
  Paul D. Tutun

  
	
  Signature

  	
   

  	
  Signature

  
	
  Michelle
  K. Brown

  	
   

  	
  Paul
  D. Tutun

  
	
  Name

  	
   

  	
  Name

  
	
  Senior
  Vice President

  	
   

  	
  V.P. &
  General Counsel

  
	
  Title

  	
   

  	
  Title

  
	
  12-21-09

  	
   

  	
  12-18-09

  
	
  Date

  	
   

  	
  Date

  



 


2

















 


PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY
WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR
CONFIDENTIAL TREATMENT UNDER RULE 24B-2 OF THE SECURITIES EXCHANGE ACT; [***]
DENOTES OMISSIONS.


 


EXHIBIT A


 


Virtusa
Resource Rates for Metavante and its Affiliates


Effective
January 1, 2010 to December 31, 2010


 


[***]


 


[************************************************************************************************
*************************************************************************************************
*************************************************************************************************
***************************************.]


 


[************************************************************************************************
*************************************************************************************************
*************************************************************************************************
*************************************************************************************************
***************************************************************.]


 


3

















 


PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY
WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR
CONFIDENTIAL TREATMENT UNDER RULE 24B-2 OF THE SECURITIES EXCHANGE ACT; [***]
DENOTES OMISSIONS.


 


EXHBIT B


 


[******************]


 


[****************************************************************************************************
***************************************************************************************************.]


 


[***]


 


[****************************************************************************.]


 


1.                                       [*****************************************************************************************
******************************************************************************************
************************************************************.]


 


2.                                       [*****************************************************************************************
******************************************************************************************
******************************************************************************************
******************************************************************************************
******************************************************************************************
******************************************************************************************
******************************************************************************************
******************************************************************************************
****************************************.]


 


3.                                       [*****************************************************************************************
******************************************************************************************
******************************************************************************************
******************************************************************************************
*************.]


 


4.                                       [*****************************************************************************************
**********************************************************************************.]


 


4