Document:

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.

 

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

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  US Billing Rates

  (Billed in US Dollars)

  	
   

  	
  Canada Billing Rates

  (Billed in Canadian Dollars)

  	
   

  
	
  Virtusa
  Roles

  	
   

  	
  Abbrev.

  	
   

  	
  Yrs Exp

  	
   

  	
  2010
 Offshore
 Daily Rate

  	
   

  	
  2010 ATC -

  Daily Rate

  	
   

  	
  2010
 Offshore
 Daily Rate

  	
   

  	
  2010 ATC -

  Daily Rate

  	
   

  
	
  Application
  Architect

  	
   

  	
   

  	
   

  	
  5  plus

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Associate Business Analyst

  	
   

  	
  ABA

  	
   

  	
  3
  - 5

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Business Analyst

  	
   

  	
  BA

  	
   

  	
  5
  - 7

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Sr. Business Analyst

  	
   

  	
  SBA

  	
   

  	
  7
  plus

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Associate Engineer

  	
   

  	
  AE

  	
   

  	
  <2

  	
   

  	
  $

  	
  ***

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  ***

  	
   

  	
   

  	
   

  	
   

  
	
  Software Engineer

  	
   

  	
  SE

  	
   

  	
  2
  - 3

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  SSE/Associate TL

  	
   

  	
  SSE/ATL

  	
   

  	
  3
  - 5

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Technical Lead

  	
   

  	
  TL

  	
   

  	
  5
  - 7

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Sr. Technical Lead

  	
   

  	
  STL

  	
   

  	
  7
  plus

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Associate Project Manager

  	
   

  	
  APM

  	
   

  	
  3
  - 5

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Project Manager

  	
   

  	
  PM

  	
   

  	
  5
  - 7

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Sr. Project Manager

  	
   

  	
  SPM

  	
   

  	
  7
  plus

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Program Manager

  	
   

  	
  PRGM

  	
   

  	
  7
  plus

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Quality Assurance Engineer

  	
   

  	
  QAE

  	
   

  	
  1
  - 3

  	
   

  	
  $

  	
  ***

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  ***

  	
   

  	
   

  	
   

  	
   

  
	
  Senior QA Engineer

  	
   

  	
  SQAE

  	
   

  	
  3
  - 5

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Associate QA Lead

  	
   

  	
  AQAL

  	
   

  	
  3
  - 5

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Quality Assurance Lead

  	
   

  	
  QAL

  	
   

  	
  5
  - 7

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
  Sr. QA Lead

  	
   

  	
  SQAL

  	
   

  	
  7
  plus

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  	
  $

  	
  ***

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Shadow Resources

  	
   

  	
  SH

  	
   

  	
  n/a

  	
   

  	
   

  	
  ***

  	
   

  	
   

  	
  ***

  	
   

  	
   

  	
  ***

  	
   

  	
   

  	
  ***

  	
   

  

 

Resources that perform services at Metavante US or
Canadian location are defined to be “onshore” resources and will invoiced using
the “onshore” rate.  Resources who
perform services at a country where Virtusa operates an ATC (currently India
and Sri Lanka) are defined to be “offshore’ resources and will invoice using
the “offshore” rate.

 

[***] based on an [***.]  Hours worked
[*********************************************.]

 

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

 

VOLUME DISCOUNT LEVELS

 

The following volume discount levels shall apply against Resource Fees
billed by Virtusa to Metavante and any Metavante Affiliate for the period January 1,
2010 to December 31, 2010:

 

	
  Discount

  Tier

  	
   

  	
  Calendar Year

  Resource Fee

  Minimum

  	
   

  	
  Calendar Year

  Resource Fee

  Maximum

  	
   

  	
  Volume

  Discount

  Percentage

  	
   

  
	
  1

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  
	
  2

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  
	
  3

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  
	
  4

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  

 

Terms applying to application of Volume Discount Percentage during each
calendar year:

 

1.                                       Each dollar billed by a Virtusa to Metavante or an Affiliate of
Metavante for time billed by Virtusa resources (offshore and onsite) shall be
aggregated to determine the appropriate Volume Discount Percentage for the
calendar year (January 1 to December 31).

 

2.                                       However, [********************************************************************.]

 

3.                                       [***] not related to Virtusa billing rates shall be [***] for
determining [**************************.]

 

4.                                       Virtusa shall measure and report the [***], and, shall [***] the
applicable [***] amount on a [***] as [***.]

 

4Exhibit 10.1

 

AMENDMENT NO. 1, dated as of July 26,
2010, to that certain Stockholders Agreement, dated as of September 22,
2009 among (i) MXenergy Holdings Inc., a Delaware corporation, (ii) the
Stockholders listed on Schedule I thereto (iii) the Stockholders
listed on Schedule II thereto (iv) the Stockholders listed
on Schedule III thereto and (v) any other Stockholder that
may become a party to the Stockholders Agreement after the date and pursuant to
the terms thereof.

 

Preliminary Statement

 

Capitalized terms used herein have the meanings
indicated in section 1 hereof.

 

Section 2.1(b) of the Stockholders Agreement
provides that no Stockholder shall Transfer any Equity Securities if any such Transfer would constitute a
Prohibited Transaction unless such Transfer has been approved by Board Special
Approval.  Clause (iv) of the
definition of “Prohibited Transaction” includes any Transfer of Equity
Securities that would, to the knowledge of the transferor of such Equity
Securities after due inquiry, result in the Company’s meeting the stock
ownership requirement of section 542(a)(2) of the Code.  The Company has determined that this aspect
of the definition of “Prohibited Transaction” does not provide necessary
protection to the Company or the Stockholders and may unduly impede transfers
of Equity Securities by Common Stockholders. 
Accordingly, the Company has determined that clause (iv) currently
in the definition of “Prohibited Transaction” should be deleted by amendment.

 

Section 4.6(a) of the Stockholders Agreement
provides that the Stockholders Agreement may be amended if such amendment has
been approved by Board Special Approval and Stockholder Special Approval; provided,
however, that the Stockholders Agreement may not be amended in a manner
adversely affecting the rights or obligations of any Stockholder that does not
adversely affect the rights or obligations of all similarly situated
Stockholders in the same manner without the consent of such Stockholder.

 

Board Special Approval of this amendment has been
obtained and the Company has concluded that the amendment to the Stockholders
Agreement effected hereby will not adversely affect the rights or obligations
of any Stockholder in a manner that does not adversely affect the rights or
obligations of all similarly situated Stockholders in the same manner.

 

Agreement

 

1.                                       Definitions.

 

(a)                                  Capitalized
terms used herein and defined in the Stockholders Agreement have the same
meanings when used herein as therein.

 

(b)                                 The following
term has the indicated meaning when used herein.

 

(i)                                       “Stockholders Agreement” means the that certain stockholders
agreement, dated as of September 22, 2009 among (i) MXenergy 

 

 

Holdings Inc., a Delaware
corporation, (ii) the Stockholders listed on Schedule I
thereto (iii) the Stockholders listed on Schedule II thereto
(iv) the Stockholders listed on Schedule III thereto and (v) any
other Stockholder that may become a party to the Stockholders Agreement after
the date and pursuant to the terms thereof.

 

2.                                       Amendment.  The definition of “Prohibited Transaction”
contained in section 3.1 of the Stockholders Agreement is hereby deleted in its
entirety and replaced with the following:

 

““Prohibited Transaction”
means any Transfer of Equity Securities that (i) violates or causes
a default, “change of control” or similar event under any of the Company’s or
any of its Subsidiaries’ material debt agreements, indentures and other
agreements or instruments evidencing material indebtedness of the Company or
any of its Subsidiaries, as such agreements, indentures and instruments may be
amended or modified from time to time in accordance with their terms (other
than any transaction approved by Board Special Approval, if in connection with
such Transfer such agreements, indentures and instruments are amended, modified
or refinanced such that there does not exist a violation, default, “change of
control” or similar event pursuant to such material indebtedness), (ii) violates
applicable securities laws or the Hart-Scott-Rodino Antitrust Improvements Act
of 1976 or would cause the Company or any of its Subsidiaries to be in
violation of any Applicable Law, (iii) would result in the assets
of the Company or any of its Subsidiaries constituting Plan Assets, (iv) would
cause the Company to be Controlled by or under common Control with an “investment
company” for purposes of the Investment Company Act of 1940, as amended, or (v) would
cause the Company to have a class of equity securities held of record by five
hundred (500) or more persons (within the meaning of Section 13(g) of
the Exchange Act).”

 

3.                                       No
other change or amendment. 
Except as amended hereby, the provisions of the Stockholders Agreement
shall remain unchanged and the Stockholders Agreement is and shall remain in
full force and effect.

 

4.                                       Effective
time of this amendment.  This
amendment shall become effective when Stockholders Special Approval of this
amendment has been obtained, which fact shall be certified by the execution of
this amendment on behalf of the Company as set forth below.

 

 

IN WITNESS WHEREOF, this amendment has been
executed by a duly authorized officer of the Company and, by the signature set
forth below, the Company hereby certifies that Stockholders Special Approval of
this amendment has been obtained.

 

	
   

  	
  MXENERGY
  HOLDINGS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jeffrey A. Mayer 

  
	
   

  	
  Name:
  

  	
  Jeffrey
  A. Mayer

  
	
   

  	
  Title:

  	
  President

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