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EXHIBIT 10.20
February 23, 2006
President
BISYS, Inc.
90 Park Avenue
New York, NY 10016
Ladies and Gentlemen:
Reference is made to that certain Software License Agreement
effective as of
September 1, 2003 by and between Open Solutions Inc. ("OSI") and
BISYS, Inc.
("BISYS"), as amended (the "Agreement") and to the letters dated
October 10,
2005 and January 26, 2006 from OSI to BISYS. OSI and BISYS hereby
further agree
as follows:
1. Any
defined terms used in this letter shall have the meaning ascribed
to
such defined term in the Agreement.
2. The
date by which BISYS is entitled to terminate the limited
non-compete obligations of OSI for a region pursuant to Section
4(b) of the
Agreement, and thereby automatically terminate OSI's Most Favored
Customer
obligations and BISYS' Minimum Fee Payment obligations for such
region (subject
to the 9 month continuation provision of Section 4(b)(4)), among
other things,
is hereby extended eight (8) additional days from February 28, 2006
to M
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