TERMS OF SERVICE ADDENDUM - REVENUE SHARE TERMS
Last Updated June 8, 2026
1. Definitions
"Excess Payments" means, for any given month, the net change in Net Payments received compared to the same calendar month in the prior year, adjusted to remove the effect of any changes to Billing Formulas during that period. Excess Payments may be positive, negative, or zero.
"Billing Formulas" means the rate schedules and standard fee structures used to calculate amounts billed to ratepayers, including metered and unmetered service charges and other recurring fees for service. Customer is responsible for disclosing all current Billing Formulas to Current prior to or during implementation, and for notifying Current of any changes within fifteen (15) days of their effective date.
"Net Payments" means total payments received from ratepayers during a given month, less any adjustments, reversals, and returns processed during that month.
"Baseline Period" means the twelve-month period immediately preceding the Commencement Date, used as the reference for calculating year-over-year changes.
2. Monthly Calculation
Within five (5) business days following the close of each calendar month, Current will calculate Excess Payments for that month using payment and billing data processed through the Current platform. Current will provide Customer with a written summary of each monthly calculation upon request.
3. Collection
If Excess Payments for a given month are positive and no Deficit Balance (as defined in Section 4) exists, Current will automatically debit 50% of Excess Payments from Customer's next available e-payment batch. Customer will receive notice of each debit no later than three (3) business days prior to its execution.
4. Deficit Carry-Forward
If Excess Payments in any month are negative, no debit will occur. The absolute value of such negative Excess Payments will be recorded as a deficit ("Deficit Balance"). Current will not resume debiting until cumulative Excess Payments in subsequent months are sufficient to fully offset any outstanding Deficit Balance. In no event will Current debit amounts in excess of its 50% share of cumulative net Excess Payments over the life of the agreement.
5. Exclusions
Payment shortfalls directly attributable to a documented error, outage, or failure of the Current platform shall be excluded from the calculation of Excess Payments for the affected period. In the event of a dispute regarding any exclusion, the parties agree to negotiate in good faith prior to execution of any debit.
6. Audit Rights
Customer may, upon thirty (30) days written notice, request a full accounting of any monthly Excess Payments calculation. Current will provide supporting payment and billing data in a machine-readable format within fifteen (15) business days of such request. Customer may exercise this right no more than twice per calendar year.
7. Term and Sunset
Revenue Share obligations commence on the Commencement Date and continue for the duration of the Initial Term and any renewal periods. The parties agree to renegotiate Revenue Share terms in good faith at each renewal, with any changes to take effect no earlier than the start of the next renewal period.