SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
Select Software Tools, Ltd.
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(Name of Issuer)
Sponsored ADRs
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(Title of Class of Securities)
816200109
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(CUSIP Number)
Erinch Ozada
Archery Capital, LLC
237 Park Avenue, Suite 801
New York, NY 10017
Telephone: (212) 808-7484
----------------------------------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
Copy to:
Paul S. Schreiber, Esq.
Shearman & Sterling
599 Lexington Avenue
New York, New York 10022
Telephone: (212) 848-4000
January 13, 1998
----------------
(Date of Event which Requires Filing of this Statement)
................................................................................
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with this Statement |_|.
<PAGE>
CUSIP No. 816200109
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Archery Capital, LLC
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Tax Identification Number 13-3884177
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
|_| (a)
|_| (b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) AF
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
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(6) Citizenship or Place of Organization United States
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- -------------------
Number of (7) Sole Voting Power
Shares ----------------------------
Beneficially ----------------------------------------------
Owned by (8) Shared Voting Power 1,277,450
Each -------------------------
Reporting ----------------------------------------------
Person (9) Sole Dispositive Power
With -----------------------
- ------------------- ----------------------------------------------
(10) Shared Dispositive Power 1,277,450
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,277,450
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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<PAGE>
CUSIP No. 816200109
(13) Percent of Class Represented by Amount in Row (11) 12.4%
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(14) Type of Reporting Person (See Instructions) IN
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<PAGE>
CUSIP No. 816200109
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Pharos Fund Limited
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
|_| (a)
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|_| (b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
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(6) Citizenship or Place of Organization British Virgin Islands
--------------------------------
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- -------------------
Number of (7) Sole Voting Power
Shares ----------------------------
Beneficially ----------------------------------------------
Owned by (8) Shared Voting Power 1,277,450
Each -------------------------
Reporting ----------------------------------------------
Person (9) Sole Dispositive Power
With -----------------------
- ------------------- ----------------------------------------------
(10) Shared Dispositive Power 1,277,450
--------------------
----------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,277,450
----------
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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<PAGE>
CUSIP No. 816200109
(13) Percent of Class Represented by Amount in Row (11) 12.4%
--------------------
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(14) Type of Reporting Person (See Instructions) IC
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<PAGE>
CUSIP No. 816200109
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lighthouse Partners USA, L.P.
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
|_| (a)
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|_| (b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) WC
----------------------------------
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
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(6) Citizenship or Place of Organization Delaware
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- -------------------
Number of (7) Sole Voting Power
Shares ----------------------------
Beneficially ----------------------------------------------
Owned by (8) Shared Voting Power 1,277,450
Each -------------------------
Reporting ----------------------------------------------
Person (9) Sole Dispositive Power
With -----------------------
- ------------------- ----------------------------------------------
(10) Shared Dispositive Power 1,277,450
--------------------
----------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,277,450
----------
-----------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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<PAGE>
CUSIP No. 816200109
(13) Percent of Class Represented by Amount in Row (11) 12.4%
--------------------
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(14) Type of Reporting Person (See Instructions) IC
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<PAGE>
CUSIP No. 816200109
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Pharos Genesis Fund Limited
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
|_| (a)
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|_| (b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) WC
----------------------------------
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
|_|
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(6) Citizenship or Place of Organization British Virgin Islands
--------------------------------
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- -------------------
Number of (7) Sole Voting Power
Shares ----------------------------
Beneficially ----------------------------------------------
Owned by (8) Shared Voting Power 1,277,450
Each -------------------------
Reporting ----------------------------------------------
Person (9) Sole Dispositive Power
With -----------------------
- ------------------- ----------------------------------------------
(10) Shared Dispositive Power 1,277,450
--------------------
----------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,277,450
----------
-----------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
|_|
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<PAGE>
CUSIP No. 816200109
(13) Percent of Class Represented by Amount in Row (11) 12.4%
--------------------
-----------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IC
---------------------------
<PAGE>
CUSIP No. 816200109
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lighthouse Genesis Partners USA, L.P.
-----------------------------------------------------------------------
-----------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
|_| (a)
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|_| (b)
------------------------------------------------------------------
------------------------------------------------------------------
(3) SEC Use Only
----------------------------------------------------------
-----------------------------------------------------------------------
(4) Source of Funds (See Instructions) WC
----------------------------------
-----------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
|_|
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(6) Citizenship or Place of Organization Delaware
--------------------------------
-----------------------------------------------------------------------
- -------------------
Number of (7) Sole Voting Power
Shares ----------------------------
Beneficially ----------------------------------------------
Owned by (8) Shared Voting Power 1,277,450
Each -------------------------
Reporting ----------------------------------------------
Person (9) Sole Dispositive Power
With -----------------------
- ------------------- ----------------------------------------------
(10) Shared Dispositive Power 1,277,450
--------------------
----------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,277,450
----------
-----------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
|_|
-----------------------------------------------------------------------
<PAGE>
CUSIP No. 816200109
(13) Percent of Class Represented by Amount in Row (11) 12.4%
--------------------
-----------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IC
---------------------------
<PAGE>
Item 1. Security and Issuer.
The class of equity securities to which this Statement on
Schedule 13D relates is the Sponsored ADRs, par value $0.0001 per share (the
"Securities"), of Select Software Tools, Ltd. (the "Issuer"), a company formed
under the laws of the United Kingdom, with its principal executive offices
located at Westmoreland House, 80-86 Bath Road, Cheltenham, Gloucester, England
GL53 7JT. This Amendment No. 2 amends the statement on Schedule 13D (the
"Statement") dated November 21, 1997 and filed by the Reporting Persons (as
defined therein), and the Amendment No. 1 to the Statement ("Amendment No. 1")
dated December 23, 1997 and filed by the Reporting Persons (as defined therein).
Item 2. Identity and Background.
Item 2 is amended as follows:
(a) This statement is being filed by Archery Capital, LLC, a
Delaware limited liability company, Pharos Fund Limited, a company organized
under the laws of the British Virgin Islands, Lighthouse Partners USA, L.P., a
Delaware limited partnership, Pharos Genesis Fund Limited, a company organized
under the laws of the British Virgin Islands, and Lighthouse Genesis Partners
USA, L.P., a Delaware limited partnership (collectively, the "Reporting
Persons").
Archery Capital, LLC is a Delaware limited liability company,
and has as its business address 237 Park Avenue, Suite 801, New York, NY 10017.
Archery Capital, LLC is a privately-placed unregistered investment adviser and
does not hold itself out to the general public as an investment adviser. During
the preceding 12 months, Archery Capital, LLC has acted as the investment
adviser to fewer than 15 clients, none of which were investment companies
required to be registered under the Investment Company Act of 1940, as amended.
Pharos Fund Limited is a company organized under the laws of
the British Virgin Islands, and has its business address at 20 Reid Street,
Hamilton HM 11, Bermuda. Pharos Fund Limited is an unregistered foreign
investment fund that is not making, nor does it propose to make, any public
offering of its securities in the United States or to U.S. resident investors
and currently has no U.S. resident investors. Archery Capital, LLC acts as the
investment adviser to Pharos Fund Limited pursuant to an Investment Management
Agreement dated April 30, 1996 and, as such, has full discretionary investment
management authority with respect to the assets of Pharos Fund Limited.
Lighthouse Partners USA, L.P. is a Delaware limited
partnership, and has as its business address 237 Park Avenue, Suite 801, New
York, NY 10017. Lighthouse Partners USA, L.P. is a privately-placed unregistered
investment fund whose outstanding securities are beneficially owned by less than
100 persons. Pursuant to the Lighthouse Limited Partnership Agreement dated
January 1, 1997, Archery Capital, LLC, is the
<PAGE>
investing general partner of Lighthouse Partners USA, L.P., and, as such, has
full discretionary investment management authority with respect to the assets of
Lighthouse Partners USA, L.P.
Pharos Genesis Fund Limited is a company organized under the
laws of the British Virgin Islands, and has its business address at 20 Reid
Street, Hamilton HM 11, Bermuda. Pharos Fund Limited is a privately-placed
unregistered foreign investment fund that is not making, nor does it propose to
make, any public offering of its securities in the United States or to U.S.
resident investors and currently has no U.S. resident investors. Archery
Capital, LLC acts as the investment adviser to Pharos Fund Limited pursuant to
an Investment Management Agreement dated November 13, 1997 and, as such, has
full discretionary investment management authority with respect to the assets of
Pharos Fund Limited.
Lighthouse Genesis Partners USA, L.P. is a Delaware limited
partnership, and has as its business address 237 Park Avenue, Suite 801, New
York, NY 10017. Lighthouse Partners USA, L.P. is a privately-placed unregistered
investment fund whose outstanding securities are beneficially owned by less than
100 persons. Pursuant to the Lighthouse Genesis Limited Partnership Agreement
dated October 30, 1997, Archery Capital, LLC, is the investing general partner
of Lighthouse Genesis Partners USA, L.P., and, as such, has full discretionary
investment management authority with respect to the assets of Lighthouse Genesis
Partners USA, L.P.
(b)-(c), (f) The directors and executive officers of Archery
Capital, LLC and Pharos Fund Limited are set forth on Schedule I and Schedule
II, respectively, attached hereto, and the general partners of Lighthouse
Partners USA, L.P. are set forth on Schedule III, attached hereto. The directors
and executive officers of Pharos Genesis Fund Limited are set forth on Schedule
IV, attached hereto, and the general partners of Lighthouse Genesis Partners
USA, L.P. are set forth on Schedule V, attached hereto. Schedule I, Schedule II,
Schedule III, Schedule IV and Schedule V set forth the following information
with respect to each such person:
(i) name;
(ii) business address (or residence address where
indicated);
(iii) present principal occupation or employment and
the name, principal business and address of any
corporation or other organization in which such
employment is conducted; and
(iv) citizenship.
(d)-(e) During the last five years, neither the Reporting
Persons nor any person named in Schedule I, Schedule II, Schedule III, Schedule
IV or Schedule V attached
<PAGE>
hereto has been (a) convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (b) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to 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.
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended to read as follows:
On November 25, 1997 (the "Initial Reporting Date"), the
Reporting Persons filed the Statement reporting its beneficial ownership of
649,750 shares of Securities of the Issuer, representing approximately 6.3% of
the outstanding Securities of the Issuer. On December 23, 1997, (the "Amendment
No. 1 Date"), the Reporting Persons filed Amendment No. 1 reporting its
beneficial ownership of 832,250 shares of Securities of the Issuer, representing
approximately 8.1% of the outstanding Securities of the Issuer.
Between December 30, 1997 and January 6, 1998, (i) Archery
Capital, LLC, pursuant to its authority under the Pharos Advisory Agreement,
caused Pharos Fund Limited to use its working capital to purchase 72,500 shares
of Securities of the Issuer in market transactions, (ii) Archery Capital, LLC,
pursuant to its authority under the Pharos Genesis Advisory Agreement, caused
Pharos Genesis Fund Limited to use its working capital to purchase 20,000 shares
of Securities of the Issuer in market transactions, (iii) Archery Capital, LLC,
pursuant to its authority under the Lighthouse Limited Partnership Agreement,
caused Lighthouse Partners USA, L.P. to purchase 100 shares of Securities of the
Issuer in market transactions and (iv) Archery Capital, LLC, pursuant to its
authority under the Lighthouse Genesis Limited Partnership Agreement, caused
Lighthouse Genesis Partners USA, L.P. to purchase 10,100 shares of Securities of
the Issuer in market transactions (collectively, the "December 30-January 6
Transactions"). As a result of the December 30-January 6 Transactions, the
Reporting Persons beneficially owned 934,950 shares of Securities of the Issuer,
which constitutes an increase of 102,700 shares or approximately 0.9% from the
amount beneficially owned on the Amendment No. 1 Date.
On January 13, 1998, Archery Capital, LLC, pursuant to its
authority under the Lighthouse Limited Partnership Agreement, caused Lighthouse
Partners USA, L.P. to purchase 10,000 shares of Securities of the Issuer in
market transactions (the "January 13 Transaction"). On January 14, 1998, (i)
Archery Capital, LLC, pursuant to its authority under the Lighthouse Limited
Partnership Agreement, caused Lighthouse Partners USA, L.P. to purchase 43,900
shares of Securities of the Issuer in market transactions, and (ii) Archery
Capital, LLC, pursuant to its authority under the Pharos Advisory Agreement,
caused Pharos Fund Limited to use its working capital to purchase 288,600 shares
of Securities of the Issuer in market transactions (collectively, the "January
14 Transactions"). As a result of the January 13 Transaction and January 14
Transactions, the Reporting Persons benefically own 1,277,450, representing
approximately 12.4% of the outstanding Securities, which constitutes an increase
of 445,200 shares or approximately 4.3% from the amount beneficially owned on
the Amendment No. 1 Date.
None of the Reporting Persons have acquired any additional
shares of Securities of the Issuer since January 14, 1998.
<PAGE>
Item 4. Purpose of Transaction.
Item 4 is amended to read as follows:
As described more fully in Item 3 above, this statement
relates to the acquisition of beneficial ownership of 452,200 shares of
Securities by the Reporting Persons. The Securities acquired by the Reporting
Persons have been acquired for the purpose of making an investment in the Issuer
and not with the present intention of acquiring control of the Issuer's
business.
The Reporting Persons from time to time intend to review their
investment in the Issuer on the basis of various factors, including the Issuer's
business, financial condition, results of operations and prospects, general
economic and industry conditions, the securities markets in general and those
for the Issuer's securities in particular, as well as other developments and
other investment opportunities. Based upon such review, the Reporting Persons
will take such actions in the future as the Reporting Persons may deem
appropriate in light of the circumstances existing from time to time. If the
Reporting Persons believe that further investment in the Issuer is attractive,
whether because of the market price of the Issuer's securities or otherwise,
they may acquire shares of sponsored ADRs or other securities of the Issuer
either in the open market or in privately negotiated transactions. Similarly,
depending on market and other factors, the Reporting Persons may determine to
dispose of some or all of the Securities currently owned by the Reporting
Persons or otherwise acquired by the Reporting Persons either in the open market
or in privately negotiated transactions.
Except as set forth above, the Reporting Persons have not
formulated any plans or proposals which relate to or would result in: (a) the
acquisition by any person of additional securities of the Issuer or the
disposition of securities of the Issuer, (b) an extraordinary corporate
transaction involving the Issuer or any of its subsidiaries, (c) a sale or
transfer of a material amount of the assets of the Issuer or any of its
subsidiaries, (d) any change in the present board of directors or management of
the Issuer, (e) any material change in the Issuer's capitalization or dividend
policy, (f) any other material change in the Issuer's business or corporate
structure, (g) any change in the Issuer's charter or bylaws or other or
instrument corresponding thereto or other action which may impede the
acquisition of control of the Issuer by any person, (h) causing a class of the
Issuer's securities to be deregistered or delisted, (i) a class of equity
securities of the Issuer becoming eligible for termination of registration or
(j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended to read as follows:
(a)-(b) As a result of the December 2, 3, 15, and 19
Transactions, the Reporting Persons may be deemed to be the beneficial owners of
1,277,450 shares of
<PAGE>
Securities. Based upon information received from Select Software Tools, Ltd.,
such Securities constitute approximately 8.1% of the issued and outstanding
Securities. As described above in Item 2, Archery Capital, LLC has full
discretionary investment management authority with respect to the assets of
Pharos Fund Limited, Lighthouse Partners USA, L.P., Pharos Genesis Fund Limited
and Lighthouse Genesis Partners USA, L.P., respectively. As a result, the
Reporting Persons share power to direct the vote and to direct the disposition
of the 1,277,450 shares of Securities.
(c) Except as disclosed in Item 3, neither the Reporting
Persons, nor, to the knowledge of the Reporting Persons, any person named in
Schedule I, Schedule II, Schedule III, Schedule IV or Schedule V, has effected
any transaction in the Securities during the past 60 days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Item 6 is amended to read as follows:
Pursuant to the Pharos Advisory Agreement, Archery Capital,
LLC has full discretionary investment management authority with respect to the
assets of Pharos Fund Limited. Such authority includes the power to vote and
otherwise dispose of securities purchased by Archery Capital, LLC on behalf of
Pharos Fund Limited.
Pursuant to the Lighthouse Limited Partnership Agreement,
Archery Capital, LLC has full discretionary investment management authority with
respect to the assets of Lighthouse Partners USA, L.P. Such authority includes
the power to vote and otherwise dispose of securities purchased by Archery
Capital, LLC on behalf of Lighthouse Partners USA, L.P.
Pursuant to the Pharos Genesis Advisory Agreement, Archery
Capital, LLC has full discretionary investment management authority with respect
to the assets of Pharos Genesis Fund Limited. Such authority includes the power
to vote and otherwise dispose of securities purchased by Archery Capital, LLC on
behalf of Pharos Genesis Fund Limited.
Pursuant to the Lighthouse Genesis Limited Partnership
Agreement, Archery Capital, LLC has full discretionary investment management
authority with respect to the assets of Lighthouse Genesis Partners USA, L.P.
Such authority includes the power to vote and otherwise dispose of securities
purchased by Archery Capital, LLC on behalf of Lighthouse Genesis Partners USA,
L.P.
<PAGE>
Other than the investment management agreement and the
relationship mentioned above, to the best knowledge of the Reporting Persons,
there are no contracts, arrangements, understandings or relationships (legal or
otherwise) among the persons named in Item 2 and between such persons and any
persons with respect to any securities of the Issuer, including, but not limited
to, transfer or voting of any of the Securities, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits, division of
profits or loss, or the giving of withholding of proxies.
Item 7. Material to Be Filed as Exhibits.
Exhibit Description
- ------- -----------
A. Joint Filing Agreement among Archery Capital, LLC, Pharos Fund
Limited, Pharos Genesis Fund Limited, Lighthouse Partners USA,
L.P., and Lighthouse Genesis Partners USA, L.P.
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 1 is true, complete
and correct.
January 20, 1998 ARCHERY CAPITAL, LLC
By: /s/ Erinch Ozada
--------------------------
Name: Erinch Ozada
Title: Managing Member
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 1 is true, complete
and correct.
January 20, 1998 PHAROS FUND LIMITED
By: /s/ Alan L. Brown
---------------------------
Name: Alan L. Brown
Title: Secretary
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 1 is true, complete
and correct.
January 20, 1998 LIGHTHOUSE PARTNERS USA, L.P.
By: ARCHERY CAPITAL, LLC
its General Partner
By: /s/ Erinch Ozada
---------------------------
Name: Erinch Ozada
Title: Managing Member
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 1 is true, complete
and correct.
January 20, 1998 PHAROS GENESIS FUND LIMITED
By: /s/ Alan L. Brown
---------------------------
Name: Alan L. Brown
Title: Secretary
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 1 is true, complete
and correct.
January 20, 1998 LIGHTHOUSE GENESIS PARTNERS USA, L.P.
By: ARCHERY CAPITAL, LLC
its General Partner
By: /s/ Erinch Ozada
---------------------------
Name: Erinch Ozada
Title: Managing Member
<PAGE>
Schedule I
The name and present principal occupation of each of the
executive officers and directors of Archery Capital, LLC are set forth below.
================================================================================
Name and Position with Reporting Principal Occupation
Citizenship Person and Business Address
- --------------------------------------------------------------------------------
Erinch Ozada Managing Member Managing Member
Archery Capital, LLC
Republic of Cyprus citizen 237 Park Avenue
Suite 801
New York, NY 10017
================================================================================
<PAGE>
Schedule II
The name and present principal occupation of each of the
executive officers and directors of Pharos Fund Limited are set forth below.
================================================================================
Position with Reporting Principal Occupation
Name Person and Business Address
- --------------------------------------------------------------------------------
Alan L. Brown Secretary and Director Executive Vice President
Winchester Global Trust
British citizen Company Limited
Williams House
20 Reid Street
Hamilton HM 11
Bermuda
- --------------------------------------------------------------------------------
Patrik Hannell Director Executive Vice President
Hannells Industrier
Swedish citizen Kvekatorpsvagen 25
Box 174
Falkenberg, 311 22
Sweden
- --------------------------------------------------------------------------------
Oskar P. Lewnowski Director Chairman and Director
Olympia Capital
Austrian citizen International Inc.
Williams House
20 Reid Street
Hamilton HM 11
Bermuda
- --------------------------------------------------------------------------------
Zakiya M. Alireza Director Loutfy Mansour
International Distribution
Egyptian citizen Co.
9, Maksoud Pasha Street
P.O. Box 726
Alex.
Smouha-Alexandria
Egypt
- --------------------------------------------------------------------------------
Paul S. Schreiber Director Partner
Shearman & Sterling
United States citizen 599 Lexington Avenue
New York, New York
10022
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Thomas H. Davis Alternate Director President & CEO
Winchester Global Trust
Bermudan Citizen Company Limited
Williams House
20 Reid Street
Hamilton HM 11
Bermuda
================================================================================
<PAGE>
Schedule III
The names and present principal occupations of each of the
general partners of Lighthouse Partners USA, L.P. are set forth below.
================================================================================
Position with Reporting Principal Occupation
Name Person and Business Address
- --------------------------------------------------------------------------------
Archery Capital, LLC General Partner Investment advisory
services
237 Park Avenue
Suite 801
New York, NY 10017
- --------------------------------------------------------------------------------
Lighthouse Management, General Partner Fund administrative
Inc. services
237 Park Avenue
Suite 801
New York, NY 10017
================================================================================
<PAGE>
Schedule IV
The name and present principal occupation of each of the
executive officers and directors of Pharos Genesis Fund Limited are set forth
below.
================================================================================
Position with Reporting Principal Occupation
Name Person and Business Address
- --------------------------------------------------------------------------------
Alan L. Brown Secretary and Director Executive Vice President
Winchester Global Trust
British citizen Company Limited
Williams House
20 Reid Street
Hamilton HM 11
Bermuda
- --------------------------------------------------------------------------------
Patrik Hannell Director Executive Vice President
Hannells Industrier
Swedish citizen Kvekatorpsvagen 25
Box 174
Falkenberg, 311 22
Sweden
- --------------------------------------------------------------------------------
Oskar P. Lewnowski Director Chairman and Director
Olympia Capital
Austrian citizen International Inc.
Williams House
20 Reid Street
Hamilton HM 11
Bermuda
- --------------------------------------------------------------------------------
Zakiya M. Alireza Director Loutfy Mansour
International Distribution
Egyptian citizen Co.
9, Maksoud Pasha Street
P.O. Box 726
Alex.
Smouha-Alexandria
Egypt
- --------------------------------------------------------------------------------
Paul S. Schreiber Director Partner
Shearman & Sterling
United States citizen 599 Lexington Avenue
New York, New York
10022
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Thomas H. Davis Alternate Director President & CEO
Winchester Global Trust
British Citizen Company Limited
Williams House
20 Reid Street
Hamilton HM 11
Bermuda
================================================================================
<PAGE>
Schedule V
The names and present principal occupations of each of the
general partners of Lighthouse Genesis Partners USA, L.P. are set forth below.
================================================================================
Position with Reporting Principal Occupation
Name Person and Business Address
- --------------------------------------------------------------------------------
Archery Capital, LLC General Partner Investment advisory
services
237 Park Avenue
Suite 801
New York, NY 10017
- --------------------------------------------------------------------------------
Lighthouse Management, General Partner Fund administrative
Inc. services
237 Park Avenue
Suite 801
New York, NY 10017
================================================================================
<PAGE>
EXHIBIT INDEX
================================================================================
Exhibit Description Page No.
- --------------------------------------------------------------------------------
A. Joint Filing Agreement among Archery
Capital, LLC, Pharos Fund Limited, Pharos
Genesis Fund Limited, Lighthouse Partners
USA, L.P., and Lighthouse Genesis Partners
USA, L.P.
================================================================================
Exhibit A.
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule
13D, dated November 21, 1997, (the "Schedule 13D"), with respect to the
Sponsored ADRs, par value $0.0001 per share, of Select Software Tools, Ltd. is,
and any amendments thereto, including Amendment No. 2 to the Schedule 13D dated
January 20, 1998 (the "Amendment No. 2") executed by each of us shall be, filed
on behalf of each of us pursuant to and in accordance with the provisions of
Rule 13d-1(f) under the Securities and Exchange Act of 1934, as amended, and
that this Agreement shall be included as an Exhibit to the Schedule 13D and each
such amendment. Each of the undersigned agrees to be responsible for the timely
filing of the Schedule 13D and any amendments thereto, and for the completeness
and accuracy of the information concerning itself contained therein. This
Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the 20th day of January, 1998.
ARCHERY CAPITAL, LLC PHAROS FUND LIMITED
By: /s/ Erinch Ozada By: /s/ Alan Brown
------------------------- -------------------------
Name: Erinch Ozada Name: Alan Brown
Title: Managing Member Title: Secretary
PHAROS GENESIS FUND LIMITED LIGHTHOUSE PARTNERS USA, L.P.
By: ARCHERY CAPITAL, LLC
By: /s/ Alan Brown its General Partner
-------------------------
Name: Alan Brown
Title: Secretary
By: /s/ Erinch Ozada
-------------------------
Name: Erinch Ozada
Title: Managing Member
<PAGE>
Exhibit A.
LIGHTHOUSE GENESIS PARTNERS
USA, L.P.
By: ARCHERY CAPITAL, LLC
its General Partner
By: /s/ Erinch Ozada
-------------------------
Name: Erinch Ozada
Title: Managing Member
