Document:

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.

                                Amendment Letter

                                          IBM Corporation  c/o Jennifer Lay
                                          325 J.S. McDonnell Blvd.  MC: S3066270
                                          Hazelwood, Missouri  63042

Thursday January 29, 2004

Direct Insite Corporation
80 Orville Drive
Bohemia, NY 11716

ATTENTION:   Anthony Coppola

SUBJECT:     Contract Extension

REFERENCE:   Agreement # 4901PM0001  SOW # 4903S40148

This letter serves as Amendment No. 1 to the above referenced  Statement of Work
which the parties thereto do mutually agree to amend as follows:

2.0.   Terms and Conditions:
---------------------------

The SOW will  remain in effect for the time  period  from  January 1, 2004,  and
until  December  31, 2005.  This SOW shall  automatically  renew for  successive
12-month  terms unless  terminated in writing by either party,  ninety (90) days
prior to the renewal date.

3.0   Scope:
-----------

Modifications to enhance the Target Applications in support of the United States
Invoicing  Project  shall be  based  on  specifications  defined  in the  Design
Document  entitled:  "CPI2.2  Design"  dated  December  10,  2003"  and shall be
included  in  the  collective  Target  Applications  for  on-going   operational
outsourcing Services when deployed. Terms and conditions defined in Statement of
Work # 4903S40148 and herein are applicable to the enhanced Target  Applications
and related  Services.  The Target  Applications  containing  such  function are
targeted for releases in May and October 2004 respectively.

4.0.   Payments and Fees:
------------------------

Buyer and Supplier have agreed to modify the calculation of Payment and Fee's as
follows:

     4.1. The "Minimum Monthly Processing Fee" shall be reduced from (*) for the
          time period of January 1, 2004  through  and  including  December  31,
          2005.  The monthly fee paid to the Supplier for the Services  shall be
          the greater of the "Minimum  Monthly  Processing  Fee" or the "Monthly
          Processing Fee" as determined in paragraph 4.2.

     4.2. The "Monthly  Processing  Fee" for "Unchanged  Preliminary  Bills" and
          "Preliminary Bill Changes" shall be the following:

          4.2.1 Unchanged  Preliminary  Bill Load and Processing Fee:  Unchanged
               Preliminary  Bills are  defined  as  Preliminary  Bills  that are
               processed  and loaded  into the  Supplier's  Target  Application,
               which  may be  viewed  or  printed  by the  Buyer or the  Buyer's
               Customer but not  "Changed" by the Buyer or the Buyers'  Customer
               during  the month  processed.  A Change is  defined  as placing a
               Preliminary  Bill or any line item  thereof  "On Hold" or "Issue"
               set  against  a  Preliminary  Bill or any line item  thereof,  or
               adding text, or including an attachment  manually or systemically
               using the Target  Application.  The  Unchanged  Preliminary  Bill
               Processing Fee is (*) per  Preliminary  Bill for the first twelve
               thousand (12,000)  Preliminary Bills and shall decrease by (*) %)
               for each increment of three thousand (3,000) additional Unchanged
               Preliminary Bills processed.

          4.2.2 Change  Fee:  A  Preliminary  Bill that is Changed as defined in
               Paragraph  4.2.1  shall  be  subject  to an  additional  fee  per
<PAGE>
                                Amendment Letter

               Preliminary  Bill of (*) for the first twelve  thousand  (12,000)
               Preliminary Bills and shall decrease by (*) %) for each increment
               of three thousand (3,000)  additional  Changed  Preliminary Bills
               processed.  There are no limits on the number of Changes that can
               be made to a Preliminary  Bill during the processing  month.  The
               Change  Fee is  applied  only  once per  month  where a Change is
               incurred  regardless of the number of Changes to the  Preliminary
               Bill during the month.  The  aforementioned  pricing includes the
               ability to manually or systematically  attach up to and including
               five attachments per Preliminary Bill for no additional charge.

               (For example:  The first  Preliminary  Bill that in processed and
               loaded into the Target  Application is subject to a fee of (*) as
               defined in paragraph  4.2.1. If that same Bill is "Changed",  the
               same Preliminary  Bill is subject to an additional  Change Fee of
               (*) for a total of (*).)

     4.3  The  Preliminary  Bill may be Changed as defined in Paragraph 4.2.1 at
          anytime during the processing  month. The scope of the Change includes
          the ability to manually or systemically  attach up to five attachments
          per single Preliminary Bill at no additional charge.

5.0   Data Processing.

The Service Level  Agreement  (SLA)  associated  with Data  Processing is hereby
modified  from  including  a maximum  number of  Preliminary  Bills to a maximum
number of Preliminary  Bills and attachments for a single  Preliminary  Bill for
the specified  processing  periods.  The remaining SLA and Data Processing terms
and conditions not described herein will continue to apply as defined in the SOW
referenced above. The modification to include number of attachments that will be
processed by a single  Preliminary Bill within the defined  processing period is
defined in the following table:
<TABLE>
<CAPTION>
------------------------------- ---------------------------- ---------------------------- ----------------------------
Monday - Thursday, "1X" or      Number of Preliminary Bills  Attachments for a Single     Availability of
"2X"                                                         Preliminary Bill             Preliminary Bills
------------------------------- ---------------------------- ---------------------------- ----------------------------
<S>                             <C>                          <C>                          <C>
                                4000                         0-100                        7:30AM EST
------------------------------- ---------------------------- ---------------------------- ----------------------------
                                8000                         101 -200                     9:00 AM EST
------------------------------- ---------------------------- ---------------------------- ----------------------------
                                Greater than 8000            201 and Greater              Best efforts within 48
                                                                                          continuous hours
------------------------------- ---------------------------- ---------------------------- ----------------------------
Friday                          Number of Preliminary Bills  Attachments for a Single     Availability of
                                                             Preliminary Bill             Preliminary Bills
------------------------------- ---------------------------- ---------------------------- ----------------------------
                                8000                         0-200                        7:00AM EST The Following
                                                                                          Monday
------------------------------- ---------------------------- ---------------------------- ----------------------------
                                Greater than 8000            201 and Greater              Best efforts within 24
                                                                                          continuous hours following
                                                                                          the 7:00AM Monday
                                                                                          Deliverable
------------------------------- ---------------------------- ---------------------------- ----------------------------
"3X"                            Number of Preliminary Bills  Attachments for a Single     Availability of
                                                             Preliminary Bill             Preliminary Bills
------------------------------- ---------------------------- ---------------------------- ----------------------------
                                8000                         0-200                        Six continuous hours from
                                                                                          receipt of the data files
                                                                                          from Buyer
------------------------------- ---------------------------- ---------------------------- ----------------------------
                                Greater than 8000            201 and Greater              Best efforts within 24
                                                                                          continuous hours from
                                                                                          receipt of the data files
                                                                                          from Buyer
------------------------------- ---------------------------- ---------------------------- ----------------------------
</TABLE>
     5.1  The  SLA's  for Data  Processing  is  modified  to be in  effect  upon
          execution  of this SOW  Amendment  for the first 0 - 2999  Preliminary
          Bills and 0 - 5,999

<PAGE>
                                Amendment Letter

Attachments  respectively and establish a maximum  threshold level. The SLA will
be in effect for up to  fifteen  percent  (15%)  above the  highest  established
maximum  threshold  level.  The maximum  threshold  level will  continue to grow
progressively  once a new  maximum  threshold  level  of  Preliminary  Bills  or
Attachments processed is attained.

A new maximum  threshold  level will be  established  for  Preliminary  Bills or
Attachments  once  the  Supplier  successfully  processes  Preliminary  Bills or
Attachments  within  fifteen  percent  (15%)  above the last  maximum  threshold
attained.  The  SLA  will  not be in  effect  until  the  Supplier  successfully
processes  the  next  highest   maximum   threshold  of  Preliminary   Bills  or
Attachments.  If the Supplier is unable to successfully process the next highest
maximum  threshold of Preliminary  Bills or  Attachments  the Supplier will have
thirty  days to make  corrections  and the SLA will be in  effect  for that next
highest maximum  threshold of Preliminary  Bills or Attachments after the thirty
day corrective period.

The  achievement  for  application  of the SLA related to the maximum  threshold
amounts attained for Preliminary  Bills and Attachments are mutually  exclusive.
Successfully  processing  above  the  maximum  threshold  amount is  defined  as
completing processing and posting results according to the time frames specified
in the terms and conditions for Data Processing in the SOW as amended.

For example,

Month One
2,999 Preliminary Bills submitted to Supplier for processing.
SLA is in effect
200 Attachments submitted to Supplier for processing.
SLA is in effect

Month Two
3,500 Preliminary Bills submitted to Supplier for processing.
SLA is in not effect
Supplier  successfully  processes 3,500 Preliminary Bills, SLA will be in effect
when Buyer  submits up to the new  maximum  threshold  of (3,500  *1.15 = 4,025)
Preliminary Bills

200 Attachments submitted to Supplier for processing.
SLA is in effect

Month Three
3,700 Preliminary Bills submitted to Supplier for processing.
SLA is in effect
5,000 Attachments submitted to Supplier for processing.
SLA is in not effect
Supplier does not successfully processes 5,000 Attachments

Month Four
3,900 Preliminary Bills submitted to Supplier for processing.
SLA is in effect
5,200  Attachments  submitted  to Supplier for  processing.  (Does not matter if
Supplier  processes  successfully  or not,  SLA is in  effect  and  new  maximum
threshold of (5,000 *1.15 = 5,750)  Attachments is established  for this month's
processing
SLA is in effect

     5.2  The maximum number of attachments for any one Preliminary Bill is four
          hundred (400).  Distributions of the attachments are as follows: fifty
          (50)  attachments at an average bytes count of five hundred and twelve
          (512) Kbytes per attachment and the remaining  three hundred and fifty
          (350)  attachments  at an  average  byte  count  of one  Kilobyte  per
          attachment.

     5.3  The maximum  number of  attachments  processed  under the SLA is sixty
          thousand (60,000) unique attachments per month.

     5.4  The  maximum  number of  attachments  processed  in one  single  daily
          processing  cycle will be fifteen thousand  (15,000)  attachments with
          average byte count of three hundred and  eighty-four  (384)  kilobytes
          per attachment.

Agreed To:                                                       Agreed To:
<PAGE>
                                Amendment Letter

Direct Insite Corporation                 IBM Corporation

By:        ____________________________   By: __________________________________
               Authorized Signature                 Authorized Signature

Name:      ____________________________   Name: ____Jennifer Lay________________
                  Type or Print                                 Type or Print

Date:      ____________________________   Date: ________________________________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.

                        Direct Insite Corp. Confidential

                        Worldwide Invoices on-Line (IOL)

                                   Appendix A

                                Payments and Fees

                                       For

                             Ongoing Support (OGS) -
                         Invoice Processing, Archiving,
                            And Attachment Processing

                                        &

                         Non-Recurring Engineering (NRE)

                            Date: December 1st, 2008

File:  Appendix A Payments Fees December 30, 2004                    Page 1 of 7

<PAGE>
                        Direct Insite Corp. Confidential

1.0  Payment Process

Buyer  will  pay  Supplier   certain  amounts  for  the  Invoice   Applications,
Deliverables, and Services, as described below. All amounts stated herein are in
US Dollars.  Buyer will pay to the Supplier  certain amounts when  corresponding
milestones are achieved and accepted.  Additional  services if necessary must be
approved in advance and in writing per the Buyers change  request  procedure.  A
purchase order will be issued and will serve as the work  authorization  for any
such services.  This Appendix  applies to Invoice  processing and archiving fees
associated  with final  invoices  generated  by either the Invoice on Line (IOL)
application or the Customer Presentable Invoice (CPI) systems.  Other work scope
such as NRE will be covered  under a Separate  Statement of Work (SOW) or Change
Request (CR). The baseline for providing  Ongoing Support  Services (OGS) is the
functionality  supported by latest  release of the Invoices on Line  application
for each geographic area.

2.0  Invoices  -  Ongoing  Support  (OGS),   Non-Recurring   Engineering   (NRE)
     (Releases, Change Requests) & Support.

The  Supplier  shall  provide  the Buyer with three  levels of  services.  These
include:  (1)  OGS  which  is  includes  both  invoice  processing  and  invoice
archiving,   (2)  NRE  services  which  include   application   development  and
engineering   changes,  and  (3)  Support  which  includes  providing  technical
diagnostic  service  associated  with  problem   determination,   isolation  and
resolution

2.1  Ongoing Support (OGS)

The scope of OGS includes  both the  processing  of invoices  based upon billing
feeds provided by the Buyer to the Supplier; and archiving of processed invoices
for periods of time of 13 months and the  processing of  attachments  based upon
attachment feeds provided by the Buyer to the Supplier.

2.1.1 Ongoing Support - Invoice Processing

The Supplier  services  related to invoice  processing  shall be invoiced to the
Buyer according to the schedule defined in Table 1.0, or as otherwise specified,
for the prior performance  period's activity or agreed to minimum if applicable,
in accordance with the pricing fee structure.

               THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK.

File:  Appendix A Payments Fees December 30, 2004                    Page 2 of 7
<PAGE>

                        Direct Insite Corp. Confidential

<TABLE>
<CAPTION>
          Performance  Performance                                     Payment
   Item   Period Start Period End  Proof of Performance  Invoice Date  Date         Amount
 -------------------------------------------------------------------------------------------
    <S>     <C>         <C>         <C>                   <C>         <C>          <C>
                                    TCR/DSR reports and
                                    SLA measurements for
     1      1-Jan-09    31-Jan-O9   Performance Period    31-Jan-02   31-Mar-09     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     2      1-Feb-09    28-Feb-09   Performance Period    28-Feb-05   29-Apr-O9     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     3      1-Mar-09    31-Mar-O9   Performance Period    31-Mar-O9   30-May-O9     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     3      1-Apr-09    30-Apr-O9   Performance Period    30-Apr-O9   29-Jun-09     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     5      1-May-O2    31-May-O9   Performance Period    31-May-O9   30-Jul-O9     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     6      1-Jun-09    30-Jun-O9   Performance Period    30-Jun-O9   29-Aug-09     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     7      1-Jul-O9    31-Jul-O9   Performance Period    31-Jul-O9   29-Sep-O9     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     8     1-Aug-09     31-Aug-O9   Performance Period    31-Auq-09   30-Oct-O9     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
     9     1-Sep-O9     30-Sep-O9   Performance Period    30-Sep-O9   29-Nov-09     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
    10    1-Oct-O9      31-Oct-O9   Performance Period    31-Oct-O9   30-Dec-09     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
    11    1-Nov-09      30-Nov-09   Performance Period    30-Nov-09   29-Jan-10     $(*)
 -------------------------------------------------------------------------------------------
                                    TCR/DSR reports and
                                    SLA measurements for
    12    1-Dec-O9      31-Dec-O9   Performance Period    31-Dec-O9   28-Feb-10     $(*)
 -------------------------------------------------------------------------------------------
   Total                                                                            $(*)
 -------------------------------------------------------------------------------------------
</TABLE>
               Table 1.0 2008 OGS Milestones and Fee Structure OGS

An invoice from the Supplier  shall be  considered  valid if the invoice and all
necessary  supporting  information,  identified below, are provided to the Buyer
corresponding  to an  authorized  work  order.  Buyer may  reject  any  invoices
received that do not contain all required support  information.  The Buyer shall
issue a  "purchase  order"  for such  services.  The  Buyer  shall pay all valid
invoices (*) calendar days from receipt of such invoice as defined in Table 1.0.
Invoices shall be submitted to Buyer electronically using either traditional EDI
transmission,  Buyer's  Forms  Exchange  service,  or as  directed by the Buyer.
Supplier shall direct all invoice status  inquiries to Buyer's  Accounts Payable
Customer  Service  Center.  If exception is taken,  immediately  contact Buyer's
Business Coordinator listed in Section 9.0 of this document.

Invoice Support Information

     A)   The number of processing transactions during the performance period,
     B)   The  cumulative  number of archived  invoices (as defined in paragraph
          4.0 of this document).
     C)   The  "Preload" of historical  or  previously  viewed  invoices - where
          applicable;  D) The number of payment processing  transactions  during

File:  Appendix A Payments Fees December 30, 2004                    Page 3 of 7
<PAGE>
                        Direct Insite Corp. Confidential

          the  performance   period  where   applicable.   E)  Any  pre-approved
          miscellaneous charges with appropriate receipts. F) Invoice processing
          transactions   &   payment   processing   transactions    collectively
          ("Transactions")

2.1.2 Ongoing Support - Invoice Archiving

The Supplier shall archive invoices originating in all countries for a period of
13 months post the month in which the invoice is processed  and  presented.  The
fee for archiving services is included in the monthly processing fee included in
Table 1.0 above.

2.1.2 Ongoing Support - Attachments

An  attachment  shall be defined as any document  received  from the Buyer via a
specified  feed that  conforms  to the  format  and size as  defined in the most
recent IOL Functional Specification. Attachments shall be presented and archived
according to the same business rules as apply to the associated invoice. The OGS
fee shall be the same as applies to Buyers Customer Presentable Invoice.

2.1.3 Percentage Increase - Volumes

In the event that the invoice volumes,  attachments,  e-payments or archiving in
2009 exceed the volumes of 2008 by (*) or more the  parties  agree to  interlock
and mutually adjust pricing in the 2009 Appendix A Payments and Fees for OGS.

2.1.3 Security Standard

The Supplier  will adhere to the PCI DSS (Payment  Card  Industry  Data Security
Standard)  requirements  and by signing this agreement the Supplier accepts that
they are responsible for the security of the cardholder data they possess.

2.2 Non-recurring engineering (NRE) services

For   NRE   charges,    Releases    which   are   defined   as   projects   over
(*) dollars)  will be paid  according to the  following
milestones:

     Plan Phase Exit                25%
     Development Phase Exit         50%
     Move to Production    25%

For NRE charges that are less than  $(*)  dollars),
payment will be made in full upon a mutually  agreed to milestone  that shall be
documented as part of the  Non-recurring  engineering  estimate  provided by the
Supplier to the Buyer. If the Buyer authorizes a non-recurring  engineering work
and subsequently terminates the activity prior to the final milestone,  then the
Buyer and Supplier  shall enter into a good faith  negotiation  to determine the
appropriate termination fees.

Support is provided by the Supplier as a "For-Fee"  service.  Level 1 Support is
defined as basic  support and contact  between the end-user and the provider and
includes problem  identification and recording for reporting  purposes.  Level 2
Support is defined as system level problem determination where the resulting sub
system as having the problem is other than IOL.  Level 3 Support is defined as a

File:  Appendix A Payments Fees December 30, 2004                    Page 4 of 7
<PAGE>
                        Direct Insite Corp. Confidential

Supplier  responsible  trouble ticket being logged against the IOL  application,
the resulting problem  resolution shall be the  responsibility of the Supplier's
Customer  Support Team. Level 3 Support is provided under this SOW at no cost to
the Buyer. Level 1 & Level 2 Support shall be provided to the Buyer upon request
at the rate of (*) per hour.

3.0      Types of Users
There are nine general categories of users:
<TABLE>
<CAPTION>
     -------------------------------------------------------------------------------------------------
                                                                                     Applicable
        Item    Category          Customer/Employee    Rights and Privileges         Geography
     -------------------------------------------------------------------------------------------------
         <S>    <C>               <C>                  <C>                           <C>
                                                       Customer  Allowed to view
                                                       invoices  based  on there
         1      Invoice User      Customer             approved customer numbers     IOL WW/CPI only
     -------------------------------------------------------------------------------------------------
                                                       Employee with access
         2      Invoice Viewer    Employee             to some customer numbers      OL WW/CPI only
     -------------------------------------------------------------------------------------------------
               Invoice Viewer                          Employee allowed to
         3     All Accounts                            look at all invoices
               Employee           Employee
     -------------------------------------------------------------------------------------------------
                                                       Employee allowed to look
                                                       at all invoices. Also,
                                                       has access to preliminary
                                                       bills. Can manipulate
                                                       preliminary bills
                                                       including rollup, sort order,
                                                       hold/release/issues and
                                                       hide any "problem" final
         4      Project Manager   Employee             invoice.                      IOL WW/CPI only
     -------------------------------------------------------------------------------------------------
                                                       Services Customer Support
                                                       Representatives. Assists
                                                       Project Managers in
                                                       assuring all attachments
                                                       are available on final
                                                       invoices.
                                                       Performs entitlement
         5      Services CSR      Employee             functions.                    IOLVVW/CPI only
     -------------------------------------------------------------------------------------------------
                                                       Customer Support
                                                       Representative -
                                                       performs entitlement
         6      CSR               Employee             functions                     IOL WW/CPI only
     -------------------------------------------------------------------------------------------------
                                                       AR  employee   with  billing
                                                       responsibility  has a number
                                                       of CSR  assigned to the
                                                       same set of customers.
                                  Employee             Responsible for billing
         7      Coordinator                            inquiry resolutions.          IOL WW/CPI only
     -------------------------------------------------------------------------------------------------
                                                       Customer Support
                                                       On-Line - Main support
                                                       for Employees and
         8      CSOL              Employee             customers.                    IOL WW/CPI only
     -------------------------------------------------------------------------------------------------
                                                       Has application
                                                       responsibility.  Can
                                                       manage all the  settings
         9      Application Owner Employee             within the Website.           IOL WW/CPI only
     -------------------------------------------------------------------------------------------------
                            Table 2.0 User Categories
</TABLE>
4.0      Elements of Ongoing Support (OGS) Fee Structure

Summary of Fee Schedule:  During calendar year 2009, the Fee Schedule defined in
Table 1.0 shall apply with the defined Fee Structure  and Terms and  Conditions.
The specific  Transaction  and  Archiving  fee  structure,  start and end of the
performance periods,  metrics to be used to verify delivery of service,  invoice
dates and payments dates shall be as defined in Table 1.0. As consideration  for
the 2009  Statement of Work (SOW)  extension  the monthly  payment  schedule the
monthly fee shall be $(*)  dollars) for a total  annual  payment and fee of $(*)
dollars).

During the calendar year 2009 the Supplier shall archive all processed  entitled
and unentitled invoices for a period of thirteen (13) months.

The Buyer shall use the Supplier  provided  Monthly  Invoice Report (MIR) and/or
entitled user report, or, if requested, the Supplier shall quarterly provide the

File:  Appendix A Payments Fees December 30, 2004                    Page 5 of 7
<PAGE>
                        Direct Insite Corp. Confidential

Buyer with a list of entitled and  un-entitled  customers  numbers such that the
Buyer can "filter" or remove un-entitled invoices from the feeds provided to the
Supplier so that volumes of invoices do not reach the penalty.

Inconsideration  of the above fee reductions and the  adjustments to the Service
Level  Agreements  stated in the  Statement of Work, in the event an SLA penalty
becomes  applicable,  the basis for the penalty shall be the penalty  percentage
minus  the  effective  discount  fee  of (*) discount  and (*) "buffer").
<TABLE>
<CAPTION>
---------- ---------------------------- ---------------------- -------------------------------------------------
Item       Schedule Description         Fee Per Event          Terms and Conditions
---------- ---------------------------- ---------------------- -------------------------------------------------
  <S>    <C>                          <C>                      <C>
                                                               a. "Invoice Presented" is defined as any
                                                               invoice received from any feed,
                                                               processed by the IOL system or final
                                                               invoice processed by the CPI system and made
         EBP&P Final Invoice          Fee Schedule as          available for viewing to any types of
  1      Presentment                  stated in Table 1.0      entitled or non-entitled user.
                                                               b. "PDF" form of invoice not greater than 2000
                                                               pages and an average PDF pages size of 25 pages
                                                               c. Sources of Invoice Data will be as per the set
                                                               of feeds from US, EMEA, Mexico, Latin America,
                                                               Asia Pacific and Canada as of January 1, 2009.
                                                               d. Monthly Invoice Processing volumes not to
                                                               exceed the quantity indicated in Table 4.0.
---------- ---------------------------- ---------------------- -------------------------------------------------
</TABLE>
      Table 3.0 Payments and Fees - Fee Structure and Terms and Conditions

5.0  Travel Expense Guidelines:

Buyer will reimburse Supplier for travel expenses, provided they are incurred in
the performance of this Agreement and with Buyer's prior written approval and in
accordance  with the IBM Travel  policy.  The Buyer  shall take such  actions as
necessary  for the  Supplier  to qualify  for the Buyer  rates  through  Buyer's
corporate travel agency.

6.0  Quarterly Ongoing Planning

During calendar 2009, the Buyer and the Seller shall  communicate  each quarter,
or other  referenced  period,  for the term of this agreement for the purpose of
confirming  the outlook for invoice  presentment  and archiving  volumes for the
subsequent two quarters.

7.0      Document Precedence

During  calendar  year  2009,  the  parties  agree to the  payments,  fees,  and
associated terms and conditions  defined in this document as such shall apply to
IOL or Archiving.  Such Payments,  Fees and Terms shall take precedence over any
other  pre-existing IOL Statements of Work or related work  authorizations.  The
payments,  fees and terms and  conditions of this document do not apply to other
work scope being  performed by the Supplier for the Buyer including the Customer
Presentable  Invoice  (CPI)  pre-bill  review and  attachment  presentation  and
archiving and processing applications.

File:  Appendix A Payments Fees December 30, 2004                    Page 6 of 7
<PAGE>
                        Direct Insite Corp. Confidential

8.0  Term and Termination

Should the Supplier  elect to terminate  with or without cause the processing of
the IOL invoices using the Deliverables  prior to 12/31/2009,  the Supplier must
provide the Buyer's contact point with  ninety-day  (90) written notice.  During
that  ninety-day  (90) day period both parties will  negotiate in good faith any
potential  termination fee. This fee will be limited to (*) during the period of
1/1/2009 to 12/31/2009.

9.0  Business Coordination Contacts:

The contact point for the Buyer shall be:
Carol Ingles Roth
cingles@us.ibm.com
IOL WW Application Owner
One Mack Drive.
Mack Centre II
Paramus, New Jersey 07652
877-279-9313

The contact for the Supplier shall be:
Matthew E. Oakes
(matthew.oakes@directinsite.com)
Chief Operating Officer
Direct Insite Corp.
80 Orville Drive
Bohemia, NY 11716
631-244-1500

11.0 Signatures

ACCEPTED AND AGREED TO:                      ACCEPTED AND AGREED TO:
International Business Machines Corporation  Direct Insite Corporation

By:                                          By:
-------------------------------------------  -----------------------------------
Buyer Signature  Date:                       Supplier Signature  Date:
Jerry Cooper                                 Matthew Ettinger Oakes

-------------------------------------------  -----------------------------------
Printed Name                                 Printed Name
Procurement Professional - N                 Chief Operating Officer

-------------------------------------------  -----------------------------------
Title & Organization                         Title & Organization
                                             Direct Insite Corp.

-------------------------------------------  -----------------------------------
Buyer Address:                               Supplier Address:
1701 North Street                            80 Orville Drive
Endicott, NY  13760                          Bohemia, NY  11716
                                             USA

File:  Appendix A Payments Fees December 30, 2004                    Page 7 of 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]