SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a).
(Amendment No. )(1)
LOISLAW.COM, INC.
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
541431102
(CUSIP Number)
Copy to:
Sandler Capital Management Michael R. Reiner, Esq.
767 Fifth Avenue Morrison Cohen Singer & Weinstein, LLP
77777777777New York, New York 10153 750 Lexington Avenue
Telephone (212) 754-8100 New York, New York 10022
Telephone (212) 735-8600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 5, 1999
(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-(g), check the following box
|_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following page(s))
- ----------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
- 1 of 32 -
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Sandler Capital Partners IV L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
WC, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 1,587,360 shares 7.6%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 650,160 shares 3.1%
Person With _________________________________________________________________
9 Sole Dispositive Power
1,587,360 shares 7.6%
_________________________________________________________________
10 Shared Dispositive Power
650,160 shares 3.1%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-2 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Sandler Capital Partners IV FTE, L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
WC, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 650,160 shares 3.1%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 1,587,360 shares 7.6%
Person With _________________________________________________________________
9 Sole Dispositive Power
650,160 shares 3.1%
_________________________________________________________________
10 Shared Dispositive Power
1,587,360 shares 7.6%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-3 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Sandler Investment Partners, L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
00
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-4 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Sandler Capital Management
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-5 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
ARH Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-6 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
MJDM Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-7 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Four JK Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-8 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
ALCR Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-9 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
SERF Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-10 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
TERPSI Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-11 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
JIRAKAL Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box If the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-12 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Harvey Sandler
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-13 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Person (Entities Only)
Michael J. Marocco
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-14 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
John Kornreich
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-15 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Andrew Sandler
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-16 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Douglas Schimmel
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-17 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
Hannah Stone
________________________________________________________________________________
2 Check the Appropriate Box if a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-18 of 32-
<PAGE>
13D
CUSIP No. 541431102
1 Name of Reporting Persons
I.R.S. Identification Nos.
of Above Persons (Entities Only)
David Lee
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal
Proceedings is Required Pursuant [_]
to Item 2(d) or 2(e)
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 2,237,520 shares 10.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
2,237,520 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
2,237,520 shares
_______________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-19 of 32-
<PAGE>
This statement, dated October 5, 1999, relates to the reporting persons'
ownership of the securities of Loislaw.com, Inc. (the "Issuer").
All references to shares of common stock reflect a 2-for-1 stock split
which was effected on July 23, 1999. The Class C Convertible Preferred Stock
automatically converts into shares of Common Stock upon the completion of
Issuer's initial public offering.
ITEM 1. SECURITY AND ISSUER
(a) Common Stock, $0.001 par value per share ("Common Stock"), (CUSIP
No. 541431102).
(b) Each share of Series C Convertible Preferred Stock (the "Series C
Convertible Preferred Stock"), automatically converts into two
shares of Common Stock upon the completion of the Issuer's
initial public offering.
(c) Loislaw.com, Inc.,
105 North 28th Street
Van Buren, Arkansas 72956
(501) 471-5581
ITEM 2. IDENTITY AND BACKGROUND
1. (a) Sandler Capital Partners IV L.P., a limited partnership organized
under the laws of the State of Delaware ("Sandler IV").
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
2. (a) Sandler Capital Partners IV FTE, L.P., a limited partnership
organized under the laws of the State of Delaware ("Sandler IV
FTE").
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
3. (a) Sandler Investment Partners, L.P., a limited partnership
organized under the laws of the State of New York ("SIP").
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
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4. (a) Sandler Capital Management, a registered investment advisor and a
general partnership organized under the laws of the State of New York
("SCM").
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
5. (a) ARH Corp., a Delaware corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
6. (a) MJDM Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
7. (a) Four JK Corp., a Delaware corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
8. (a) ALCR Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
9. (a) SERF Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
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10. (a) TERPSI Corp., a New York corporation.
(b) Address: 767 Fifth Avenue New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
11. (a) JIRAKAL Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
12. (a) Harvey Sandler, is the sole shareholder of ARH Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States
ARH Corp. is a general partner of SCM, which is the general partner of SIP,
a general partner of Sandler IV and Sandler IV FTE. Harvey Sandler is the father
of Andrew Sandler.
13. (a) Michael J. Marocco, is the sole shareholder of MJDM Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
MJDM Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of Sandler IV and Sandler IV FTE.
14. (a) John Kornreich, is the majority shareholder of Four JK Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
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Four JK Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of Sandler IV and Sandler IV FTE.
15. (a) Andrew Sandler, is the sole shareholder of ALCR Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
ALCR Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of Sandler IV and Sandler IV FTE. Andrew Sandler is the
son of Harvey Sandler.
16. (a) Douglas Schimmel, is the sole shareholder of SERF Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
SERF Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of Sandler IV and Sandler IV FTE.
17. (a) Hannah Stone, is a director of the Issuer and the sole
shareholder of TERPSI Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
TERPSI Corp. is a general partner of SCM, which is the general
partner of SIP, a general partner of Sandler IV and Sandler IV FTE.
18. (a) David Lee, is the sole shareholder of JIRAKAL Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
JIRAKAL Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of Sandler IV and Sandler IV FTE.
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None of the reporting persons has during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to Federal or State securities laws or finding any violation
with respect to such laws.
ITEM 3. Source and Amount of Funds or Other Consideration.
The source of funds for the acquisition of the securities (Series C
Convertible Preferred Stock) was the general working capital and other funds of
Sandler IV and Sandler IV FTE
On October 5, 1999, each share of the Series C Convertible Preferred Stock
automatically converted into two shares of Common Stock of the Issuer.
Number of Shares Purchase
of Common Stock Price
---------------- --------
Sandler Capital Partners IV, L.P. 1,587,360 $ 4,611,000
Sandler Capital Partners IV FTE, L.P. 650,160 $ 1,889,000
- --------------------------------------------------------------------------------
ITEM 4. Purpose of Transaction.
Other than Hannah Stone's capacity as a director of the Issuer and the
reporting persons' purchase or sale of additional securities of the Issuer, no
reporting person has any present plan or proposal which would relate to or
result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of
Schedule 13D except as set forth herein.
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 20,939,524 shares of Common Stock outstanding as reported by the
Issuer in its offering documents for its initial public offering, dated
September 29, 1999), of outstanding shares of Common Stock owned beneficially by
each reporting person named in Item 2, as of October 5, 1999:
<TABLE>
<CAPTION>
Shares of Common Percentage of Shares
Stock Beneficially of Common Stock
Name Owned Beneficially Owned
- ---- -------------------- --------------------
<S> <C> <C>
Sandler Capital Partners IV, L.P. 2,237,520(2),(3),(4) 10.7%
Sandler Capital Partners IV FTE, L.P. 2,237,520(2),(3),(4) 10.7%
Sandler Investment Partners, L.P. 2,237,520(2),(3),(4) 10.7%
Sandler Capital Management 2,237,520(2),(3),(4) 10.7%
</TABLE>
- ----------
(2) Includes 1,587,360 shares of Common Stock owned by Sandler IV.
(3) Includes 650,160 shares of Common Stock owned by Sandler IV FTE, L.P.
(4) The reporting person disclaims beneficial ownership of these securities
except to the extent of his/her/its equity interest therein.
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<PAGE>
Shares of Common Percentage of Shares
Stock Beneficially of Common Stock
Name Owned Beneficially Owned
- ---- -------------------- --------------------
ARH Corp. 2,237,520(2),(3),(4) 10.7%
MJDM Corp. 2,237,520(2),(3),(4) 10.7%
Four JK Corp. 2,237,520(2),(3),(4) 10.7%
ALCR Corp. 2,237,520(2),(3),(4) 10.7%
SERF Corp. 2,237,520(2),(3),(4) 10.7%
TERPSI Corp. 2,237,520(2),(3),(4) 10.7%
JIRAKAL Corp. 2,237,520(2),(3),(4) 10.7%
Harvey Sandler 2,237,520(2),(3),(4) 10.7%
Michael J. Marocco 2,237,520(2),(3),(4) 10.7%
John Kornreich 2,237,520(2),(3),(4) 10.7%
Andrew Sandler 2,237,520(2),(3),(4) 10.7%
Douglas Schimmel 2,237,520(2),(3),(4) 10.7%
Hannah Stone 2,237,520(2),(3),(4) 10.7%
David Lee 2,237,520(2),(3),(4) 10.7%
(b) Sandler IV has sole power to vote and to dispose of 1,587,360 shares of
Common Stock, representing approximately 7.6% of the outstanding shares of
Common Stock. Sandler IV may be deemed to have shared power to vote and to
dispose of 650,160 shares of Common Stock, representing approximately 3.1% of
the outstanding shares of Common Stock.
Sandler IV FTE has sole power to vote and to dispose of 650,160 shares of
Common Stock, representing approximately 3.1% of the outstanding shares of
Common Stock. Sandler IV FTE may be deemed to have shared power to vote and to
dispose of 1,587,360 shares of Common Stock, representing approximately 7.6% of
the outstanding shares of Common Stock.
By virtue of being a general partner of Sandler IV and Sandler IV FTE,
Sandler Investment Partners may be deemed to have shared power to vote and to
dispose of 2,237,520 shares of Common Stock, representing approximately 10.7% of
the outstanding shares of Common Stock.
By virtue of being a general partner of Sandler Investment Partners,
Sandler Capital Management may be deemed to have shared power to vote and to
dispose of 2,237,520 shares of Common Stock, representing approximately 10.7% of
the outstanding shares of Common Stock.
By virtue of being a general partner of Sandler Capital Management, each of
ARH Corp., MJDM Corp, Four JK Corp., ALCR Corp., SERF Corp., TERPSI Corp. and
JIRAKAL Corp. may be deemed to have shared power to vote and to dispose of
2,237,520 shares of Common Stock, representing approximately 10.7% of the
outstanding shares of Common Stock.
By virtue of being the sole shareholder of ARH Corp., Harvey Sandler may be
deemed to have shared power to vote and to dispose of 2,237,520 shares of Common
Stock, representing approximately 10.7% of the outstanding shares of Common
Stock.
By virtue of being the sole shareholder of MJDM Corp., Michael Marocco may
be deemed to have shared power to vote and to dispose of 2,237,520 shares of
Common Stock, representing approximately 10.7% of the outstanding shares of
Common Stock.
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<PAGE>
By virtue of being the majority shareholder of Four JK Corp., John
Kornreich may be deemed to have shared power to vote and to dispose of 2,237,520
shares of Common Stock, representing approximately 10.7% of the outstanding
shares of Common Stock.
By virtue of being the sole shareholder of ALCR Corp., Andrew Sandler may
be deemed to have shared power to vote and to dispose of 2,237,520 shares of
Common Stock, representing approximately 10.7% of the outstanding shares of
Common Stock.
By virtue of being the sole shareholder of SERF Corp., Douglas Schimmel may
be deemed to have shared power to vote and to dispose of 2,237,520 shares of
Common Stock, representing approximately 10.7% of the outstanding shares of
Common Stock.
By virtue of being the sole shareholder of TERPSI Corp., Hannah Stone may
be deemed to have shared power to vote and to dispose of 2,237,520 shares of
Common Stock, representing approximately 10.7% of the outstanding shares of
Common Stock.
By virtue of being the sole shareholder of JIRAKAL Corp., David Lee may be
deemed to have shared power to vote and to dispose of 2,237,520 shares of Common
Stock, representing approximately 10.7% of the outstanding shares of Common
Stock.
(c) The following is a description of all transactions in shares of Common
Stock of the Issuer by the reporting persons identified in Item 2 of this
Schedule 13D effected from July 29,1999 through October 5, 1999, inclusive:
Upon the closing of the Issuer's initial public offering, each outstanding
share of Series C Preferred Stock automatically converted into two shares of
Common Stock of the Issuer. The reporting persons received approximately
2,237,520 shares of Common Stock as a result of the conversion of Series C
Preferred Stock into shares of Common Stock.
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of such securities.
(e) Not applicable.
ITEM 6. Contracts Arrangements Understanding or Relationships with Respect to
Securities of the Issuer
The reporting persons agreed with the underwriters of the Issuer's initial
public offering that for a period of 180 days after the date of the prospectus,
they will not offer or sell any shares without the prior written consent of
Prudential Securities on behalf of the underwriters.
ITEM 7. Materials to be Filed as Exhibits
Exhibit A. Agreement among the reporting persons, effective as of October
5, 1999, by which they have agreed to file this Schedule 13D and all necessary
amendments, as required by Rule 13d- 1(f).
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SIGNATURE
After reasonable inquiry and to the best of his/her/its knowledge and
belief, each of the undersigned hereby certifies that the information set forth
in this Schedule is true, complete and correct.
Dated: October 15, 1999
SANDLER CAPITAL PARTNERS IV, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
-------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER CAPITAL PARTNERS IV FTE, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
-------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER INVESTMENT PARTNERS, L.P.
By: Sandler Capital Management,
General Partner
By: ARH Corp., a General Partner
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
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<PAGE>
SANDLER CAPITAL MANAGEMENT
By: ARH Corp., a General Partner
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ARH CORP.
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
MJDM CORP.
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
FOUR JK CORP.
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ALCR CORP.
By: /s/ Moira Mitchell
---------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
SERF CORP.
By: /s/ Moira Mitchell
---------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
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TERPSI CORP.
By: /s/ Moira Mitchell
---------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
JIRAKAL CORP.
By: /s/ Moira Mitchell
---------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
/s/ Harvey Sandler
-----------------------------
Harvey Sandler
/s/ Michael J. Marocco
-----------------------------
Michael J. Marocco
/s/ John Kornreich
-----------------------------
John Kornreich
/s/ Andrew Sandler
-----------------------------
Andrew Sandler
/s/ Douglas Schimmel
-----------------------------
Douglas Schimmel
/s/ Hannah Stone
-----------------------------
Hannah Stone
/s/ David Lee
-----------------------------
David Lee
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
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<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing on behalf of
each of them of a statement on Schedule 13D (including amendments thereto) with
respect to the Common Stock of LOISLAW.COM, INC. and that this Agreement be
filed as an Exhibit to such statement on Schedule 13D.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement
effective as of the 5th day of October, 1999.
SANDLER CAPITAL PARTNERS IV, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER CAPITAL PARTNERS IV FTE, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
itle: Secretary and Treasurer
SANDLER INVESTMENT PARTNERS, L.P.
By: Sandler Capital Management,
General Partner
By: ARH Corp., a General Partner
By: /s/ Edward Grinacoff
---------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
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<PAGE>
SANDLER CAPITAL MANAGEMENT
By: ARH Corp., a General Partner
By: /s/ Edward Grinacoff
------------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ARH CORP.
By: /s/ Edward Grinacoff
------------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
MJDM CORP.
By: /s/ Edward Grinacoff
------------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
FOUR JK CORP.
By: /s/ Edward Grinacoff
------------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ALCR CORP.
By: /s/ Moira Mitchell
------------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
SERF CORP.
By: /s/ Moira Mitchell
------------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
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TERPSI CORP.
By: /s/ Moira Mitchell
-------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
JIRAKAL CORP.
By: /s/ Moira Mitchell
-------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
/s/ Harvey Sandler
-------------------------------------
Harvey Sandler
/s/ Michael J. Marocco
-------------------------------------
Michael J. Marocco
/s/ John Kornreich
-------------------------------------
John Kornreich
/s/ Andrew Sandler
-------------------------------------
Andrew Sandler
/s/ Douglas Schimmel
-------------------------------------
Douglas Schimmel
/s/ Hannah Stone
-------------------------------------
Hannah Stone
/s/ David Lee
-------------------------------------
David Lee
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