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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A1
UNDER THE SECURITIES EXCHANGE ACT OF 1934
NAME OF ISSUER: AMARILLO BIOSCIENCES, INC.
TITLE OF CLASS OF SECURITIES: Common Stock, par value $.01 per share
CUSIP NUMBER: 02301P106
NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS: EDWARD L. MORRIS, SPROUSE, SMITH & ROWLEY, P.C., P. O.
Box 15008, Amarillo, Texas 79105; 806/368-3311.
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: September 30, 1999
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-1(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.
* 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 ("Act") 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).
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CUSIP No. 02301P106
1. NAME OF REPORTING PERSON: Hayashibara Biochemical Laboratories, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ ]
3. SEC USE ONLY:
4. SOURCE OF FUNDS: OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e): [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION: Japan
7. SOLE VOTING POWER: 2,178,950 shares
8. SHARED VOTING POWER:
9. SOLE DISPOSITIVE POWER: 2,178,950 shares
10. SHARED DISPOSITIVE POWER:
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,178,950
shares
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS): [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 34.3%
14. TYPE OF REPORTING PERSON: CO
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Item 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER:
On September 30,1999, Amarillo Biosciences, Inc. (the "Issuer") entered
into an Agreement with Hayashibara Biochemical Laboratories, Inc., a
Japanese corporation ("HBL"). Under this Agreement, HBL will convert
existing debt to equity, and will purchase additional equity in stages.
On October 15, 1999, HBL will release $1,005,486.30 in debt owed by the
Issuer in exchange for shares of common stock to be issued by the
Issuer. On November 30, 1999, HBL will advance to the Issuer $1,000,000,
and the Issuer will issue common stock to HBL. On February 29, 2000, HBL
will advance $1,000,000 to the Issuer, and the Issuer will issue common
stock to HBL.
The precise number of shares to be issued on each of the above dates is
not known at this time, as it is to be determined based on the market
price preceding the date of issuance. The precise formula is set out in
the Agreement, which is attached as an exhibit.
HBL currently owns 2,178,950 shares out of 6,360,326 outstanding, for an
ownership share of 34.3%. As of the date immediately preceding the date
of this report, the closing price of the Company's common stock was $.75
per share. If this price were to remain constant, HBL would eventually
acquire approximately 59.6% of the common stock of the Issuer.
Item 7 MATERIAL TO BE FILED AS EXHIBITS:
Agreement to Convert Debt, dated September 30, 1999, between the Issuer
and HBL.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: September 30, 1999.
HAYASHIBARA BIOCHEMICAL LABORATORY, INC.
By: /s/ KEN HAYASHIBARA
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KEN HAYASHIBARA, President
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