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Out of the 4 deliverables are any of them so interdependent that they become one performance obligation in the sense of the new Revenue recognition

Out of the 4 deliverables are any of them so interdependent that they become one performance obligation in the sense of the new Revenue recognition rule?

Agreement No. 1 Statement of Work No. 001, Amendment No. 1

In accordance with the terms and conditions of the above-referenced Agreement between Company andCustomer XYZ this Statement of Work (SOW) is amended to expand the scope of work for additional users andincrease the price as more fully described below.

  1. Section 1. Statement of Work: Exhibit 1 is deleted in its entirety and replaced with Exhibit 1 to this SOW1,Amendment No. 1 dated 11/20/12, which is attached hereto and incorporated herein by this reference.

  2. Section 3. Total Statement of Work Value: This section is deleted in its entirety and replaced with the following:

    The firm fixed price for the Software, Data, and Managed Services and Deliverables defined in the Statement of Work in Exhibit 1 is set forth in Table 1 below.

    Table 1: Software, Data, Managed Services and Professional Services Pricing

Description

Year 1

Year 2

Year 3

Invoicing Terms

Software Licenses

$224,000

$116,000

$116,000

Annual

Data Licenses

$256,420

$244,939

$246,109

Annual

Managed Services

$36,100

$89,200

$90,400

Initial setup and monthly fee

Professional Services

$279,090

$92,629

$62,816

Monthly invoicing based on percent complete

Total Firm Fixed Price:

$795,610

$542,768

$515,325

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