EX-10.16 2 y18554exv10w16.txt AMENDMENT TO OEM PURCHASE AGREEMENT Exhibit 10.16 AMENDMENT February 15, 2006 This Amendment dated February 15, 2006 (the "Amendment") hereby amends the Agreement No. 530133-7202 by and between GTECH Corporation and TransAct Technologies Incorporated (the "Agreement"). By signing this Amendment, the parties agree to amend the Agreement as follows: 1. Section 2.2 of the Agreement is hereby amended to replace "normal lead-time of sixty (60) calendar days" with "normal lead time of ninety (90) calendar days". 2. Section 21.1 of the Agreement is hereby amended to replace "and shall continue for five (5) years" with "and shall continue for ten (10) years". 3. Attachment 2 of the Agreement is hereby amended to replace "Unit Price for any quantity is $[*]" with "Unit Price for any quantity is $[*], such price effective with orders shipped by VENDOR starting on December 4, 2006". Except as set forth in this Amendment, the Agreement is and shall remain in full force and effect in accordance with its terms. TransAct Technologies Incorporated GTECH Corporation By: /s/ Bart C. Shuldman By: /s/ William Middlebrook --------------------------------- ------------------------------------ Bart C. Shuldman William Middlebrook Chairman, president & CEO VP Technology Operations * Confidential treatment requested