Data Processing Agreement - Intersections Inc. and Digital Matrix Systems Inc.
Ken Schwarz Intersections, Inc. December 14, 2001 Dear Ken, During the renegotiation of our licensing agreement with Intersections I realized we have been operating under a verbal agreement on the processing of the monitoring files. This is a note to confirm our arrangement. DMS will perform the monitoring for intersections on a monthly basis; this consists of the following high-level tasks. - Receipt of monitoring on a weekly or monthly basis as determined by Intersections - Conversion of request files to inquiry files to be sent to bureaus - Receipt and importing of archive reports from EFX, TU and XPN - Management and execution of three applications, Monitoring, AQR and CQCU - QC of Monitoring, AQR and CQCU results files prior to delivery via ftp - Providing monitoring results reports segregated by product - Research of QC issues from Intersections - Provision of attribute information to be utilized for Credit Analyzer and Automated QC efforts - Mutually agree on service level objectives ------------------------------------------------------------------------------- For this service Intersections will pay DMS $20,000, per month and agrees to give DMS one year notice if Intersections decides it no longer wished DMS to provide these services. Thanks, /s/ David A. McGough ---------------------------- David A. McGough Digital Matrix Systems, Inc. Agreed to by /s/ Kenneth Schwarz ---------------------------- Kenneth Schwarz CFO Intersections