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ELLI > SEC Filings for ELLI > Form 8-K on 13-Dec-2011All Recent SEC Filings

Show all filings for ELLIE MAE INC

Form 8-K for ELLIE MAE INC


13-Dec-2011

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement.

On December 12, 2012, Ellie Mae, Inc. and SavingStreet, LLC (formerly New Casa 188, LLC), or SavingStreet, entered into Amendment No. 3 to the Amended Strategic Relationship Agreement between the parties in order to, among other things, engage Exito Consulting LLC, or Exito, to provide certain marketing and sales services and assist in the market validation of a borrower retention service to Encompass users. Ellie Mae has agreed to pay Exito $12,000 per month in arrears for services performed beginning in November 1, 2011 through February 29, 2012. In the event that, at the end of the engagement of Exito, Ellie Mae deems in its sole discretion that such a borrower retention service is not beneficial (financially or otherwise) to Ellie Mae, Ellie Mae will have the right to terminate, at any time, any and all agreements and arrangements with SavingStreet. Carl Buccellato, who is a member of Ellie Mae's board of directors, is the chief executive officer of SavingStreet and owns 32% of the membership interests of SavingStreet. A general manager of SavingStreet has ownership interests in Exito.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                 Description

10.1            Amendment No. 3 to the Amended Strategic Relationship Agreement,
                effective as of November 1, 2011, between Ellie Mae, Inc. and
                SavingStreet, LLC.


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