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| CHRD > SEC Filings for CHRD > Form 8-K on 29-Aug-2008 | All Recent SEC Filings |
29-Aug-2008
Entry into a Material Definitive Agreement, Financial Statements and Exhib
On August 15, 2008, Chordiant Software, Inc., a Delaware corporation ("Chordiant") and Ness USA, Inc. (formerly Ness Global Services, Inc.) entered into an addendum to extend the term of the Master Services Agreement (the "Master Services Agreement") by and among Chordiant, Ness, Ness Technologies India Ltd. and Ness Technologies, Inc. (collectively, the "Ness Entities")
As previously reported in Chordiant's quarterly report on Form 10-Q for the quarter ended June 30, 2005, Chordiant entered into the Master Services Agreement effective as of December 15, 2003. Under the terms of the Master Services Agreement, the Ness Entities provide Chordiant's customers with technical product support through a worldwide help desk facility, a sustaining engineering function that serves as the interface between technical product support and Chordiant's internal engineering organization, product testing services and product development services, as well as certain additional technical and consulting services (collectively, the "Services"). The Master Services Agreement had an initial term of three years and Chordiant, in its sole discretion, may elect to extend the term for additional one year periods on the terms, conditions and pricing in effect as of the date of the notice of extension, upon no less than ninety days advance notice prior to the end of the initial term and each extension thereof. Under the terms of the Master Services Agreement, Chordiant pays for services rendered on a monthly fee basis, including the requirement to reimburse the Ness Entities for approved out-of-pocket expenses. In addition, Chordiant guaranteed certain lease obligations of the Ness Entities for equipment used in performing the Services. The Master Services Agreement may be terminated for convenience by Chordiant.
Addendums to Master Services Agreement
As previously reported in Chordiant's annual report on Form 10-K for the fiscal year ended September 30, 2006, Chordiant and Ness entered into Addendum A to the Master Services Agreement extending the term through December 14, 2007.
On October 25, 2007, Chordiant and Ness entered into Addendum A to the Master Services Agreement extending the term of the agreement through December 14, 2008.
On August 15, 2008, Chordiant and Ness entered into Addendum A to the Master Services Agreement extending the term of the Agreement through December 14, 2009.
(d) Exhibits.
Exhibit No. Description
99.1 Addendum A to Master Services Agreement of December
15, 2003, dated August 15, 2008, between Chordiant
Software, Inc. and Ness USA, Inc.
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