PTI » Topics » NOW, THEREFORE,

This excerpt taken from the PTI 20-F filed Mar 5, 2008.
NOW, THEREFORE, the parties agree as follows:

 

1                           APPOINTMENT AND PURPOSE

 

1.1                   The overall purpose of this Agreement is the continuing development and maintenance of a center, owned and operated by the Contractor (“Global Development Center” or “GDC”), which provides the Company with high quality and cost effective Deliverables through various operational models, including providing Services at GDC locations (“Low cost countries”), at Company locations (“Onshore”), and at “Nearshore” GDC Locations (in countries neighboring and adjacent to Company’s locations). Nothing in this Agreement affects service agreements or Task Orders that were executed, or conduct that occurred prior to, the effective date of this Agreement.

 

The Company hereby appoints the Contractor on a non-exclusive basis either by itself or through the GDC and its approved branch offices or affiliates, to provide software development, implementation, maintenance, support and other information technology services (together “Services”) in accordance with the terms of this Agreement, and the Contractor hereby accepts such appointment. The period of appointment is from January 1, 2007 through December 31, 2009 (“Agreement Duration”), which may be extended by mutual consent under the same terms and conditions of this Agreement (including any amendments made pursuant to Section 15.5 of this Agreement). Nothing in this Agreement precludes the Company from obtaining the same or similar services from other vendors, wherever located.

 

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