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: Xxxxxxx Xxxxxxxx Xxxxx Name: Xxxx Xxxxxxx
Title: Chief Operating Officer Title: Director
Date: ___________________________ Date: _________________________
