Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / ridgeline-term-sheet-review-memo.docx
ridgeline-term-sheet-review-memo.docx
Parties
Harkness LLP
Ridgeline Data Systems LLC
Veridian Analytics Inc
NovaPay Technologies Inc
Evaluation Ridgeline Data Systems LLC
Thornfield Consulting Group LLC
Ridgeline's LLC
FairLend Digital LLC
Dates
January 15, 2025
November 1, 2025
August 1, 2025
October 1, 2025
Amounts
$7,200,000
$36,000,000
$3,000,000
$4,500,000
$39,750,000
$43,535,000
$32,800,000
$74.3
$14,500,000
$4,100,000
Obligations
Annual Escalation The Ridgeline Term Sheet proposes an annual fee escalation provision as follows: Beginning in Year 2 of the initial term, the ACV shall be subject to annual escalation equal to the Consumer Price Index ("CPI") plus two percentage points (CPI + 2%), applied to the prior year's ACV
5% uptime SLA in any given month, BRB shall receive service credits equal to 5% of the monthly fee for each 0
The rules must be configurable and tunable by BRB (or by Ridgeline at BRB's direction) to reflect BRB's specific risk profile, customer base, and transaction patterns
Ridgeline must represent that its platform can accommodate the full volume of BRB's BaaS transactions (approximately $74
3 billion — and must be scalable to accommodate projected growth without degradation of performance or additional licensing fees
Specifically, Ridgeline must agree to cooperate with Thornfield Consulting Group LLC (the OCC-mandated independent consultant, led by Dr