FR EA
1008-00010 · Lumos Analytics Inc · Transaction Documents/Exhibits
exhibit-f-minimum-annual-commitment-schedule.xlsx DOCUMENT Funds
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Contract analysis Extract to table

[sheet: Cover]

FieldValue
Document TitleExhibit F — Minimum Annual Commitment Schedule
AgreementChannel Reseller Program Agreement
LicensorLumos Analytics Inc.
Licensor Address4700 Sandhill Road, Suite 300, Palo Alto, CA 94304
ResellerMeridian Data Solutions GmbH
Reseller AddressLeopoldstraße 78, 80802 München, Germany
Effective DateApril 1, 2024
Execution DateMarch 22, 2024
Initial Term5 Years (April 1, 2024 – March 31, 2029)
Total Contract Value (TCV)$30,000,000
CurrencyUSD (all amounts denominated in United States Dollars; Reseller bears all FX risk)
Governing LawState of California
Payment TermsNet 45 days from invoice date
Late Payment Interest1.5% per month (18% per annum), simple interest
Escrow AgentEvergreen Trust Company, N.A.
Escrow Holdback Rate5% of each quarterly payment
Matter Number1008-00010

[sheet: Annual MAC Schedule]

Contract YearPeriod StartPeriod EndMinimum Annual Commitment (USD)YoY Increase ($)YoY Increase (%)Cumulative MAC (USD)% of TCV
Year 1 (Ramp Year)April 1, 2024March 31, 20254500000——450000015.00%
Year 2April 1, 2025March 31, 2026540000090000020.00%990000033.00%
Year 3April 1, 2026March 31, 2027630000090000016.67%1620000054.00%
Year 4April 1, 2027March 31, 202869000006000009.52%2310000077.00%
Year 5April 1, 2028March 31, 2029690000000.00%30000000100.00%
TOTALApril 1, 2024March 31, 202930000000——30000000100.00%

[sheet: Quarterly Payment Schedule]

Contract YearQuarterQuarter StartQuarter EndInvoice DatePayment Due DateQuarterly MAC Payment (USD)Escrow Holdback (5%) (USD)Net Payment to Lumos (USD)
Year 1Q1April 1, 2024June 30, 2024May 1, 2024June 15, 20241125000562501068750
Year 1Q2July 1, 2024September 30, 2024August 1, 2024September 14, 20241125000562501068750
Year 1Q3October 1, 2024December 31, 2024November 1, 2024December 16, 20241125000562501068750
Year 1Q4January 1, 2025March 31, 2025February 1, 2025March 17, 20251125000562501068750
Year 1 Subtotal45000002250004275000
Year 2Q1April 1, 2025June 30, 2025May 1, 2025June 15, 20251350000675001282500
Year 2Q2July 1, 2025September 30, 2025August 1, 2025September 14, 20251350000675001282500
Year 2Q3October 1, 2025December 31, 2025November 1, 2025December 16, 20251350000675001282500
Year 2Q4January 1, 2026March 31, 2026February 1, 2026March 17, 20261350000675001282500
Year 2 Subtotal54000002700005130000
Year 3Q1April 1, 2026June 30, 2026May 1, 2026June 15, 20261575000787501496250
Year 3Q2July 1, 2026September 30, 2026August 1, 2026September 14, 20261575000787501496250
Year 3Q3October 1, 2026December 31, 2026November 1, 2026December 16, 20261575000787501496250
Year 3Q4January 1, 2027March 31, 2027February 1, 2027March 17, 20271575000787501496250
Year 3 Subtotal63000003150005985000
Year 4Q1April 1, 2027June 30, 2027May 1, 2027June 15, 20271725000862501638750
Year 4Q2July 1, 2027September 30, 2027August 1, 2027September 14, 20271725000862501638750
Year 4Q3October 1, 2027December 31, 2027November 1, 2027December 16, 20271725000862501638750
Year 4Q4January 1, 2028March 31, 2028February 1, 2028March 17, 20281725000862501638750
Year 4 Subtotal69000003450006555000
Year 5Q1April 1, 2028June 30, 2028May 1, 2028June 15, 20281725000862501638750
Year 5Q2July 1, 2028September 30, 2028August 1, 2028September 14, 20281725000862501638750
Year 5Q3October 1, 2028December 31, 2028November 1, 2028December 16, 20281725000862501638750
Year 5Q4January 1, 2029March 31, 2029February 1, 2029March 17, 20291725000862501638750
Year 5 Subtotal69000003450006555000
GRAND TOTALApril 1, 2024March 31, 202930000000150000028500000

[sheet: Escrow Holdback Summary]

Contract YearAnnual MAC (USD)Quarterly Holdback (USD)Annual Holdback Total (USD)Cumulative Escrow Balance (USD)Escrow AgentRelease Condition
Year 1450000056250225000225000Evergreen Trust Company, N.A.12 months after expiration/termination, net of pending indemnification claims
Year 2540000067500270000495000Evergreen Trust Company, N.A.12 months after expiration/termination, net of pending indemnification claims
Year 3630000078750315000810000Evergreen Trust Company, N.A.12 months after expiration/termination, net of pending indemnification claims
Year 46900000862503450001155000Evergreen Trust Company, N.A.12 months after expiration/termination, net of pending indemnification claims
Year 56900000862503450001500000Evergreen Trust Company, N.A.12 months after expiration/termination, net of pending indemnification claims
TOTAL30000000—15000001500000

[sheet: Late Payment Interest]

ScenarioOriginal Amount Due (USD)Payment Due DateActual Payment DateDays OverdueMonths OverdueMonthly Interest RateAnnual Interest RateInterest Accrued (USD)Total Amount Owed (USD)
Year 1 Q1 — 30 days late1125000June 15, 2024July 15, 20243011.5%18%168751141875
Year 1 Q1 — 60 days late1125000June 15, 2024August 14, 20246021.5%18%337501158750
Year 1 Q1 — 90 days late1125000June 15, 2024September 13, 20249031.5%18%506251175625
Year 2 Q1 — 30 days late1350000June 15, 2025July 15, 20253011.5%18%202501370250
Year 3 Q1 — 30 days late1575000June 15, 2026July 15, 20263011.5%18%236251598625
Year 4 Q1 — 30 days late1725000June 15, 2027July 15, 20273011.5%18%258751750875

[sheet: Reconciliation Methodology]

ItemDescription
Reconciliation PeriodEach Contract Year (April 1 – March 31), with quarterly interim reviews
Quarterly ReviewWithin 30 days after the end of each calendar quarter, Meridian shall report to Lumos the aggregate resale revenue for that quarter
Annual ReconciliationWithin 60 days after the end of each Contract Year, Lumos shall compare Meridian's aggregate resale revenue against the applicable Minimum Annual Commitment
MAC ShortfallIf Meridian's aggregate resale revenue for a Contract Year falls below the applicable MAC, Meridian shall pay the shortfall amount to Lumos within 30 days of written notice of the shortfall
MAC OverageResale revenue in excess of the MAC for any Contract Year does not carry forward to reduce the MAC obligation for any subsequent Contract Year
Payment CurrencyAll MAC payments shall be made in United States Dollars (USD); Meridian bears all foreign exchange risk
Payment MethodWire transfer to Pinnacle National Bank, N.A. (Lumos's designated account), with 5% holdback directed to Evergreen Trust Company, N.A.
Lumos BankPinnacle National Bank, N.A., 555 California Street, San Francisco, CA 94104 (Relationship Manager: David Okonkwo)
Meridian BankZarvenische Handelsbank AG, Promenadeplatz 12, 80333 München, Germany (Relationship Manager: Thomas Weidner)
Escrow AgentEvergreen Trust Company, N.A., 400 South Hope Street, Suite 1100, Los Angeles, CA 90071 (Escrow Officer: Maria Gutierrez)
Late PaymentInterest at 1.5% per month (18% per annum), simple interest, accruing from the payment due date until the date of actual receipt
InvoicingLumos shall issue invoices to Meridian on the first business day of each quarter; payment due Net 45 days from invoice date
Reseller discount30% off Lumos's published EMEA list prices for Lumos Prism™, as set forth in Exhibit A
Audit RightsLumos shall have the right, upon 30 days' prior written notice, to audit Meridian's books and records to verify compliance with MAC obligations; audits conducted by Whitmore Paige & Co. LLP or another independent auditor selected by Lumos
Dispute ResolutionDisputes regarding MAC reconciliation shall be resolved in accordance with Section [X] of the Agreement (binding arbitration, JAMS, Los Angeles, CA)
Indemnification Holdback ReleaseEscrow funds released 12 months after expiration or termination of the Agreement, net of any pending indemnification claims