EX-99.3 3 ex993to13da408277001_042211.htm ex993to13da408277001_042211.htm
Exhibit 99.3
 
FIRST AMENDMENT TO VOTING AND JOINT SOLICITATION AGREEMENT
 
This First Amendment to the Voting and Joint Solicitation Agreement, dated as of April 22, 2011 (the “Amendment”), is made by and among Metropolitan Venture Partners II, L.P. (“MetVP II”), Metropolitan Venture Partners (Advisors), L.P. (“MetVP Advisors”), Metropolitan Venture Partners Corp. (“MetVP Corp.”, and, together with MetVP II and MetVP Advisors, the “MetVP Entities”), Michael Levin, Tall Oaks Group LLC (“Tall Oaks”), Lawrence D. Hite, Thomas C. Lund, Carol A. Lund, Craig W. Thomas, Bradley M. Tirpak and S.A.V.E. Partners III, LLC (“SAVE” and, collectively with the MetVP Entities, Messrs. Levin, Hite, Lund Thomas, Tirpak and Mrs. Lund, the “Parties,” and each a “Party”), each solely in his, her or its capacity as a beneficial owner of shares of common stock, par value $0.0001 per share (the “Shares”), of Direct Insite Corp., a Delaware corporation (the “Company”).
 
RECITALS
 
WHEREAS, SAVE, the MetVP Entities and Messrs. Levin, Hite, Lund, Thomas and Tirpak entered into the Voting and Joint Solicitation Agreement (the “Agreement”), dated as of April 22, 2011;
 
WHEREAS, the address set forth across from Mr. Lund’s name on Appendix II to the Agreement is incorrect;
 
WHEREAS, the 403,633 Shares set forth across from Mr. Lund’s name on Appendix II to the Agreement are not beneficially owned by Mr. Lund, but are directly owned by Mrs. Lund;
 
WHEREAS, the Parties wish to amend the Agreement to make Mrs. Lund a Party thereto;
 
WHEREAS, the Parties wish to amend Appendix II to the Agreement to reflect the change in address and the change in ownership of the 403,633 Shares.
 
NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
 
1.           Amendments to the Agreement.  Appendix II to the Agreement shall be amended and restated in its entirety in the form attached hereto as Appendix II.
 
2.           Acceptance of Terms of the Agreement.  Mrs. Lund hereby (a) agrees and accepts to be bound by all of the terms and conditions set forth in the Agreement and (b) makes all of the representations and warranties set forth in the Agreement with respect to the Shares directly owned by her.
 
3.           Governing Law.  This Amendment shall be construed in accordance with, and shall be governed by, the laws of the State of New York, without regard to any conflicts of law provision which would require the application of the law of any other jurisdiction.
 
 
 

 
 
4.           Headings.  The headings of the sections of this Amendment are inserted for convenience only and shall not affect the interpretation hereof.
 
5.           Counterparts.  This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute but one and the same instrument, which may be sufficiently evidenced by one counterpart.
 
[Signature page follows]
 
 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first above written.
 
 
 
Metropolitan Venture Partners II, L.P.
   
 
By:
Metropolitan Venture Partners (Advisors), L.P., its general partner
     
 
By:
Metropolitan Venture Partners Corp., its general partner
   
 
By:
/s/ Michael Levin
   
Name:
Michael Levin
   
Title:
Vice President of Finance
 
 
 
Metropolitan Venture Partners (Advisors), L.P.
   
 
By:
Metropolitan Venture Partners Corp., its general partner
   
 
By:
/s/ Michael Levin
   
Name:
Michael Levin
   
Title:
Vice President of Finance
 
 
 
Metropolitan Venture Partners Corp.
   
 
By:
/s/ Michael Levin
   
Name:
Michael Levin
   
Title:
Vice President of Finance
 
 
 
/s/ Michael Levin
 
Michael Levin
 
 
 
Tall Oaks Group LLC
   
 
By:
/s/ Lawrence D. Hite
   
Name:
Lawrence D. Hite
   
Title:
Managing Member
 
 
 
/s/ Lawrence D. Hite
 
Lawrence D. Hite
   
 
 
/s/ Carol A. Lund
 
Carol A. Lund
 
 
/s/ Thomas C. Lund
 
Thomas C. Lund
 
 
/s/ Craig W. Thomas
 
Craig W. Thomas
 
 
/s/ Bradley M. Tirpak
 
Bradley M. Tirpak
 
 
 
S.A.V.E. Partners III, LLC
   
 
By:
/s/ Craig W. Thomas
   
Name:
Craig W. Thomas
   
Title:
Managing Member
 
 
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APPENDIX II
 
Stockholder
 
Notice Information
 
 
Shares of
Common Stock
Directly Owned
 
Shares of
Common Stock
BeneficiallyOwned
Metropolitan Venture Partners II, L.P.
 
590 Madison Avenue
34th Floor
New York, NY 10022
phone:  212-561-1219
fax:  212-561-1201
 
2,315,790
   
Metropolitan Venture Partners (Advisors), L.P.
 
590 Madison Avenue
34th Floor
New York, NY 10022
phone:  212-561-1219
fax:  212-561-1201
     
2,315,790
Metropolitan Venture Partners Corp.
 
590 Madison Avenue
34th Floor
New York, NY 10022
phone:  212-561-1219
fax:  212-561-1201
 
90,395
 
2,406,185
Michael Levin
 
590 Madison Ave
34th Floor
New York, NY 10022
phone:  212-561-1219
fax:  212-561-1201
 
2,000
 
2,408,185
Tall Oaks Group LLC
 
205 Lexington Avenue
8th Floor
New York, NY 10016
phone:  212-561-1202
fax:  212-561-1201
 
78,187
   
Lawrence D. Hite
 
205 Lexington Avenue
8th Floor
New York, NY 10016
phone:  212-561-1202
fax:  212-561-1201
 
179,424
 
2,663,796
Thomas C. Lund
 
801 Laurel Oak Drive, #102
Naples, FL 34108
phone:
fax:
     
403,6331
 
_______________
 
1 Shares are directly owned by Carol A. Lund.
 
 
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Stockholder
 
Notice Information
 
 
Shares of
Common Stock
Directly Owned
 
Shares of
Common Stock
Beneficially Owned
Carol A. Lund
 
801 Laurel Oak Drive, #102
Naples, FL 34108
phone:
fax:
  403,633    
Craig W. Thomas
 
500 West Putnam Avenue,
Suite 400
Greenwich, CT 06830
phone:  203-542-7330
     
585,348
Bradley M. Tirpak
 
500 West Putnam Avenue,
Suite 400
Greenwich, CT 06830
phone:  212-533-6940
     
585,348
S.A.V.E. Partners III, LLC
 
500 West Putnam Avenue,
Suite 400
Greenwich, CT 06830
phone:  203-542-7330
 
585,348
   

 
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