EX-10.32 8 diri-s1ex1032.txt EXHIBIT CERTAIN MATERIAL (INDICATED BY AN ASTERICK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. MASTER SERVICES AGREEMENT EIAP (OGS) AMENDMENT (#8) This Amendment number eight (#8), dated June 27th 2007 ("the Amendment Date"), is between Electronic Data Systems Corporation ("EDS") and Direct Insite Corp ("DI"), and amends the Master Services Agreement between EDS and DI dated as of May 7th, 2004 (the "Agreement"). RECITALS -------- WHEREAS, DI and EDS entered into the Agreement and now desire to amend the Agreement in certain respects, with this Amendment to be effective as of the date above, (the "Amendment Effective Date"); NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, DI and EDS agree as follows: 1. Definitions. Capitalized terms used in the Amendment, to the extent not otherwise defined in this Amendment, shall have the same meanings as in the Agreement. 2. Appendix B - Payments & Fees. Table 7.0-1 Summary of Fee Schedule is amended in pertinent part to read as follows:
TABLE 7.01 Summary of Fee Schedule ---------------------------------------------------------------------------------------------------------------- Release 1.0 MSA Extension for EIAP OGS. This agreement shall last for a period of one year from July 1st 2007 through June 30th 2008, and shall automatically renew for an additional 12 month period unless terminated in writing by either party, ninety (90) days prior to the renewal date. ---------------------------------------------------------------------------------------------------------------- Line # Quantity Price ---------------------------------------------------------------------------------------------------------------- (*) ---------------------------------------------------------------------------------------------------------------- 1 Max number of concurrent users (*) ( ---------------------------------------------------------------------------------------------------------------- 2 Max Number of Active Users (*) (*) ---------------------------------------------------------------------------------------------------------------- 3 Documents per month (*) (*) ---------------------------------------------------------------------------------------------------------------- 4 Transactions #1 per month (*) (*) ---------------------------------------------------------------------------------------------------------------- 5 Transactions #2 per month (*) (*) ---------------------------------------------------------------------------------------------------------------- 6 Support (*) (*) ---------------------------------------------------------------------------------------------------------------- 7 Infrastructure (*) (*) ---------------------------------------------------------------------------------------------------------------- 8 Application Instance (*) (*) ---------------------------------------------------------------------------------------------------------------- 9 Monthly Total for OGS (*) ----------------------------------------------------------------------------------------------------------------
3. Review Sessions. In the event that the volumes above in Table 7.01 Summary of Fee Schedule in line #3 (Documents per month) and #4 (Transactions per month) increase or decrease (*) percent in any given quarter of this Amendment the parties agree to interlock and adjust the monthly Document and or Transaction per month pricing to reflect such change. 4. Ratifications. The terms and provision set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Agreement. The terms and provisions of the Agreement, as expressly modified and superseded by this Amendment, are ratified and confirmed and shall continue in full force and effect, and shall continue to be legal, valid, binding and enforceable obligations of the parties. 5. Counterparts. This Amendment may be executed in several counterparts, all of which taken together shall constitute a single agreement between the parties. IN WITNESS WHEREOF, EDS and DI have caused this Amendment to be executed as of the date first set forth above. ACCEPTED AND AGREED: DIRECT INSITE CORP. ELECTRONIC DATA SYSTEMS By: _____________________________ By: ___________________________ Name: Matthew Ettinger Oakes Name: Brad Jacokes Title: Chief Operating Officer Title: Director Date: ___________________________ Date: _________________________