<PAGE>
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
Of the SECURITIES EXCHANGE ACT OF 1934
For the months of January 2000, February 2000.
Sideware Systems Inc.
Suite 102, 930 West First Street, North Vancouver, British Columbia,
Canada V7Y 3N4
[Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.]
Form 20-F x . Form 40-F .
-------- --------
[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to RULE 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes . No x .
------------- -------------
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with RULE 12g3-2(b): 82 - _________________.
<PAGE>
FORM 20
SECURITIES ACT
REPORT OF EXEMPT DISTRIBUTION
Report of a distribution under section 74(2)(1) to (5), (8) to (10), 11(i),
(14), (16)(i), (18) or (23) to (26) of the SECURITIES ACT, R.S.B.C. 1996, c.418
(the "Act"), section 128(a), (b), (c) or (e) to (h) of the Securities Rules,
B.C. Reg. 479/95 (the "Rules"), or, where required, under an Order issued under
section 76 of the Act.
1. Name, address and telephone number of the issuer of the security
distributed (the "Issuer"):
SIDEWARE SYSTEMS INC.
102 - 930 West 1st Street
North Vancouver, B.C.
V7P 3N4
Telephone Number: (604) 986-6121
2. State whether the Issuer is an exchange issuer (ie. Listed on the
Canadian Venture Exchange, but not listed or quoted on any other stock
exchange or trading or quotation system in Canada).
The Issuer is an exchange issuer.
3. Describe the type of security and the aggregate number distributed:
Stock options on a total of 1,000,000 common shares, exercisable at a
price of US$8.69 per share until January 14, 2005.
4. Date of the distribution(s) of the security.
February 23, 2000
5. Specify the section(s) of the Act or Rules and, if applicable, the date
of the discretionary order or the blanket order number under which the
distribution(s) of the security was made.
s. 74(2)(9) of the Act
6. If the distribution(s) of the security was made to 50 purchasers or
less, circle and complete clause (a) of this section. If the
distribution(s) of the security was made to more than 50 purchasers,
circle clause (b) of this section.
<PAGE>
2
(a)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Full Name and Residential Number of Price Per Total Section of Act/Rules and if
Address of Purchaser Securities Share Purchase Price applicable, Date of Discretionary
Purchased (Canadian $) (Canadian $) Order or Blanket Order Number
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SCOTT W. FRIEDLANDER 1,000,000 * * s. 74(2)(9)
9608 Eagle Ridge Drive
Bethesda, Maryland
20817
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
* incentive option - no cash paid
</TABLE>
(b) The issuer has prepared and certified a list of purchasers
comprising the same information required by clause (a) of this
section and a certified true copy of the list will be provided to
the Commission upon request.
N/A
7. State the total dollar value (Canadian $) of the securities distributed
by the issuer to purchasers resident in British Columbia in respect of
which this report is filed.
Nil
8. State the name and address of any person acting as agent in connection
with the distribution(s) of the security, the compensation paid or to be
paid to the agent and the name(s) of the purchaser(s) in respect of
which the compensation was paid or is to be paid.
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Name and Address of Agent Compensation Paid (number Price Per Share Name of Purchaser
and type of security and/or (Canadian $)
cash amount) (Canadian $)
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
N/A N/A N/A N/A
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
</TABLE>
9. If the distribution of the security was under section 128(a) of the
Rules, state the number of different purchasers who acquired any
securities of the issuer under that section during the 12-month period
preceding the distribution of this security.
N/A
<PAGE>
3
10. If the distribution of the security was made under section 128(h) of the
Rules, state
(a) the number of different purchasers who acquired securities of the
issuer under that section during the 12-month period preceding the
distribution of this security, and
N/A
(b) the total dollar value (Canadian $) of all securities of the issuer
distributed under that section (including the distribution of this
security) during the 12 month period preceding the distribution of
this security.
N/A
The undersigned hereby certifies that the statements made in this report are
true and correct.
DATED at Vancouver, British Columbia, this 28th day of February, 2000.
SIDEWARE SYSTEMS INC.
Per: "Grant Sutherland"
-----------------------------
Grant Sutherland
Director of the Company
IT IS AN OFFENCE FOR A PERSON TO MAKE A STATEMENT IN A DOCUMENT REQUIRED TO
BE FILED OR FURNISHED UNDER THE SECURITIES ACT THAT, AT THE TIME AND IN THE
LIGHT OF CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A MISREPRESENTATION.
<PAGE>
APPENDIX 23D
DECLARATION OF INCENTIVE STOCK OPTIONS
TO: The Canadian Venture Exchange
RE: SIDEWARE SYSTEMS INC. (the "Company")
(Name of Listed Company)
This Declaration certifies an application to the Canadian Venture Exchange
(the "Exchange") for acceptance for filing of the Incentive Stock Options
summarized in the Incentive Stock Options Summary Form attached hereto (the
"Filing").
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Company and
has been duly authorized by a resolution of the board of directors of
the Company to make this Declaration;
2. The Company is not an inactive company as defined in the Exchange's
Policy 11.2.1;
3. If the Company has undergone a Reverse Takeover as defined in the
Exchange's Policy 18.5, at least 30 days have elapsed from the later of
the closing of the Reverse Takeover and resumption of trading;
4. Any optionee being granted options under this Filing, that is providing
promotional or market-making services for the Company, is a director,
senior officer or bona fide employee of the Company;
5. The Filing is EITHER in all respects in accordance with the Exchange's
Policy 23 - DIRECTOR AND EMPLOYEE STOCK OPTIONS, in effect as of the
date of this Declaration, OR ANY DEVIATIONS ARE INDICATED ON THE
ATTACHED SUMMARY FORM;
6. As of the date of grant there were no material changes in the affairs
of the Company which were not publicly disclosed; and
7. The Company is not currently in default of its financial statement and
fee filing requirements with the British Columbia Securities
Commission.
8. The information on the attached INCENTIVE STOCK OPTIONS SUMMARY FORM is
true.
<PAGE>
Dated this 7th day of February, 2000.
Grant Sutherland
----------------------------------
Name of Director or Senior Officer
"Grant Sutherland"
----------------------------------
Signature
Director
----------------------------------
Official Capacity
Enforcement action by the Canadian Venture Exchange, the British Columbia
Securities Commission or other regulatory authorities may result if a person
makes a statement in this document that, at the time, and in light of the
circumstances under which it was made, is a misrepresentation.
THIS DOCUMENT WILL BE PLACED IN THE COMPANY'S PUBLIC FILE
<PAGE>
APPENDIX 23C
SUMMARY FORM - INCENTIVE STOCK OPTIONS
COMPANY NAME: SIDEWARE SYSTEMS INC. SYMBOL: SYD
DATE: FEBRUARY 8, 2000
1. NEW OPTIONS PROPOSED FOR ACCEPTANCE:
Date of Grant: January 14, 2000
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------
No. of Options
Name of Optionee Position Insider? No. of Exercise Expiry Date Granted in
(Director/ Sr. Yes or No Optioned Shares Price (m/d/y) Past 12 months
Officer/
Employee/
Consultant)
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Scott Friedlander Sr. Officer of Yes 1,000,000 US$8.69 01/14/05 Nil
a Subsidiary
- --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------
</TABLE>
Total Number of optioned shares proposed for acceptance: 1,000,000
2. AMENDED OPTIONS PROPOSED FOR ACCEPTANCE
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
Name of Optionee No. of Optioned Shares Amended Exercise Price Original Date of New/Current
Grant Expiry Date
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Nil Nil Nil Nil Nil
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
3. OTHER PRESENTLY OUTSTANDING OPTIONS: (excluding those included in
item 2 above)
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
Name of Optionee No. Of Optioned Exercise Price Original Date of Expiry Date
Shares Remaining Grant
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Al Unger 10,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Ed Vandrimmlen 10,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Tony Drezet 10,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Gary Mounts 5,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Vince Sterniolo 20,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Shanna Benson 13,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Harry Lai 20,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Sava Jurisic 20,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
<PAGE>
2
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Chris Hall 10,000 $2.78 10/20/99 10/20/04
- ----------------------------------------------------------------------------------------------------
Grant Sutherland 190,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Michael Colen 200,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Alex Mahon 20,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
May Huang 17,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
John Zhang 25,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Chris Hall 20,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Lyn Gubster 25,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Michelle Mac Gregor 20,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
John Dykstra 18,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Neelam Dhat 18,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Robert Dreskai 10,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Vince Taylor 70,000 $2.66 10/04/99 10/04/04
- ----------------------------------------------------------------------------------------------------
Peter Kozicki 25,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Edward White 25,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Paul Hildebrand 75,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Michael Peacock 50,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Marie Russell 50,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Mac Allen 65,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Victoria Gaidacheva 25,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Alexander Prosvirnitsin 25,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Pam Heibein 5,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Malcolm Wong 35,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Richard Ford 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Meghan Wickers 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Michael Shackleford 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Colin Scott 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Alex Mahon 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Jennifer Tulloch 20,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Leanne Dick 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Dee Regis 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
<PAGE>
3
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Cindy Drudl 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Lou Capannelli 25,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
John Zhang 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Lisa Rogers 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Richard Simpson 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Grant Sutherland 125,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Owen Jones 125,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
James Speros 125,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Tom Murray 10,000 $2.33 06/17/99 06/17/04
- ----------------------------------------------------------------------------------------------------
Michael Peacock 100,000 $1.14 04/14/99 04/14/04
- ----------------------------------------------------------------------------------------------------
Tom Murray 100,000 $1.14 04/14/99 04/14/04
- ----------------------------------------------------------------------------------------------------
Marie Russell 100,000 $1.14 04/14/99 04/14/04
- ----------------------------------------------------------------------------------------------------
Lou Capannelli 25,000 $1.14 04/14/99 04/14/04
- ----------------------------------------------------------------------------------------------------
Lisa Rogers 15,000 $1.14 04/14/99 04/14/04
- ----------------------------------------------------------------------------------------------------
John Wedel 50,000 $1.14 04/14/99 04/14/04
- ----------------------------------------------------------------------------------------------------
Alex Mahon 20,000 $1.14 04/14/99 04/14/04
- ----------------------------------------------------------------------------------------------------
Richard Simpson 22,500 $1.35 04/29/99 04/29/04
- ----------------------------------------------------------------------------------------------------
Michael Shackleford 13,000 $1.35 04/29/99 04/29/04
- ----------------------------------------------------------------------------------------------------
Richard Ford 20,000 $1.35 04/29/99 04/29/04
- ----------------------------------------------------------------------------------------------------
Meghan Wickers 17,000 $1.35 04/29/99 04/29/04
- ----------------------------------------------------------------------------------------------------
Jennifer Tulloch 20,000 $1.35 04/29/99 04/29/04
- ----------------------------------------------------------------------------------------------------
Cindy Drdul 13,000 $1.35 04/29/99 04/29/04
- ----------------------------------------------------------------------------------------------------
Owen Jones 123,000 $0.36 02/12/97 02/12/02
- ----------------------------------------------------------------------------------------------------
James Speros 250,000 $0.36 07/06/98 07/06/03
- ----------------------------------------------------------------------------------------------------
Owen Jones 55,000 $0.36 07/06/98 07/06/03
- ----------------------------------------------------------------------------------------------------
Ajay Sidda 40,000 $0.36 07/06/98 07/06/03
- ----------------------------------------------------------------------------------------------------
Mary Ellen Ajtony 5,000 $0.50 05/01/96 05/01/01
- ----------------------------------------------------------------------------------------------------
Owen Jones 300,000 $0.50 05/01/96 05/01/01
- ----------------------------------------------------------------------------------------------------
Peter Kozicki 50,000 $0.50 05/01/96 05/01/01
- ----------------------------------------------------------------------------------------------------
Grant Sutherland 198,000 $0.50 05/01/96 05/01/01
- ----------------------------------------------------------------------------------------------------
Edward White 100,000 $0.50 05/01/96 05/01/01
- ----------------------------------------------------------------------------------------------------
Peter Kozicki 25,000 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
<PAGE>
4
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Owen Jones 75,000 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
Grant Sutherland 75,000 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
Edward White 25,000 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
Mary Ellen Ajtony 5,000 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
Paul Hildebrand 75,000 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
Leeanne Dick 2,500 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
Dee Regis 2,500 $0.70 12/16/97 12/16/02
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
</TABLE>
Total Number of shares optioned, including those proposed for acceptance in 1
and/or 2 above:
5,549,000
------------------
4. If optionees include Insiders, state the date on which the shareholder
meeting approving the options or amendments was held: June 30, 1999
-------------
or alternatively, indicate if shareholders' approval must still be
obtained: N/A
---
5. If applicable, state the date of the press release announcing the grant
of options: January 14, 2000
----------------
6. State the total issued and outstanding share capital at the date of
grant or amendment: 52,301,298
7. State, as a percentage of the issued shares of the Company indicated in
6 above, the aggregate number of shares that are subject to incentive
stock options, including new options, amended options and other
presently outstanding options: 9.03%
-----
8. If the new options are being granted pursuant to a stock option plan,
state the number of remaining shares reserved for issuance under the
plan: N/A
---
9. If the Company has completed a public distribution of its securities
within six months of the date of grant, state the per share price paid
by the public investors: $ N/A
-----
10. The stock option agreement is in accordance with Exchange Policy
23.2.10 and 23.4.1 for Venture Companies, which includes the following
provisions: (please check boxes)
/ X / a condition that the option is non-assignable and non-transferable;
<PAGE>
5
/ X / the period (if any) within which the optionee's heirs or
administrators may exercise any portion of the outstanding option
does not exceed one year from the optionee's death;
/ X / the option may only be exercised while the optionee is a
director, officer, employee or consultant within a period of not
more than 30 days after ceasing to be a director, officer,
employee or consultant;
/ X / a condition that shareholder approval to the grant of the options
shall be obtained prior to the exercise of the options granted to
Insiders;
/ X / a condition that shareholder approval shall be obtained in
respect of amendment to the Agreement if the option as originally
constituted was approved by the shareholders or if the optionee
is an Insider of the company at the time of the proposed
amendment; and
/ X / if the incentive stock option agreements grant options to
employees, a representation by the employer that the optionee is
a bona fide employee of the company, subsidiary or management
company providing services to the listed company (other than
consultants performing investor relations services).
11. If the grant of options is not in complete accordance with Policy 23 -
Director and Employee Stock Options, indicate where there are
deviations, and explain why a waiver of Exchange policy is in the best
interests of the company and the investing public.
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
Enforcement action by the Canadian Venture Exchange, the British Columbia
Securities Commission or other regulatory authorities may result if a person
makes a statement in this document that, at the time, and in light of the
circumstances under which it was made, is a misrepresentation.
THIS DOCUMENT WILL BE PLACED IN THE COMPANY'S PUBLIC
FILE IN ACCORDANCE WITH THE TERMS OF THE COMPANY'S
LISTING AGREEMENT
<PAGE>
SIDEWARE SYSTEMS INC. ANNOUNCES STOCK OPTIONS
INVESTOR CONTACTS: MEDIA CONTACT:
Richard S. Simpson or Lisa Rogers
Jennifer Burke Sideware Corp.
[email protected] [email protected]
(604) 988-0440 (703) 437-9002 ext.3014
FOR IMMEDIATE RELEASE - JANUARY 14, 2000
VANCOUVER, B.C. - Sideware Systems Inc. (CDNX:SYD.U and OTC-BB:SDWSF)
announces it has granted stock options to purchase 1,000,000 common shares to
its directors, officers and employees. The stock options are exercisable at a
price of US$8.69 per share, priced in accordance with the policies of the
Canadian Venture Exchange, for a term of five years from January 14, 2000.
The granting of these options is subject to regulatory acceptance.
ABOUT SIDEWARE
Sideware is an IBM ISV and Business Partner providing products, solutions and
integration services. The company has coupled Dr. Bean e-Customer
Relationship Management Technology ("e-CRMT") with IBM products providing a
flexible e-Business "backbone" for small companies to large corporations. The
company is a Java developer and has exclusively built Dr. Bean using Java and
Enterprise Java technologies. For further information on Sideware's total
solution or turnkey products and services, please visit www.sideware.com. For
investment information visit www.techwestmgmt.com/sideware. Sideware Systems
Inc., Corporate Headquarters in North Vancouver, BC publicly trades on both
the OTC Bulletin Board, "SDWSF" and the Canadian Venture Stock Exchange
(CDNX) -"SYD-U". Sideware Corp., is Headquartered in Herndon, VA, and is the
centre for the company's product sales and service operations.
ON BEHALF OF THE BOARD
"Grant Sutherland"
Grant Sutherland
Chairman
-more-
<PAGE>
-2-
THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbour" for forward-looking statements. Certain information included in this
communication (as well as information included in oral statements or other
written statements made or to be made by Sideware Systems Inc.) contains
statements that are forward-looking, such as statements relating to the
future anticipated direction of the high technology industry, plans for
future expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth and potential
contracts. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of Sideware Systems Inc.
These risks and uncertainties include, but are not limited to, those relating
to development and expansion activities, dependence on existing management,
financial activities, domestic and global economic conditions, changes in
federal or state income tax laws, and market competition factors.
<PAGE>
FORM 20
SECURITIES ACT
REPORT OF EXEMPT DISTRIBUTION
Report of a distribution under section 74(2)(1) to (5), (8) to (10), 11(i),
(14), (16)(i), (18) or (23) to (26) of the SECURITIES ACT, R.S.B.C. 1996,
c.418 (the "Act"), section 128(a), (b), (c) or (e) to (h) of the Securities
Rules, B.C. Reg. 479/95 (the "Rules"), or, where required, under an Order
issued under section 76 of the Act.
1. Name, address and telephone number of the issuer of the security
distributed (the "Issuer"):
SIDEWARE SYSTEMS INC.
102 - 930 West 1st Street
North Vancouver, B.C.
V7P 3N4
Telephone Number: (604) 986-6121
2. State whether the Issuer is an exchange issuer (ie. Listed on the
Canadian Venture Exchange, but not listed or quoted on any other stock
exchange or trading or quotation system in Canada).
The Issuer is an exchange issuer.
3. Describe the type of security and the aggregate number distributed:
Stock options on a total of 1,000,000 common shares, exercisable at a
price of US$11.08 per share until January 21, 2005.
4. Date of the distribution(s) of the security.
February 24, 2000
5. Specify the section(s) of the Act or Rules and, if applicable, the date
of the discretionary order or the blanket order number under which the
distribution(s) of the security was made.
s. 74(2)(9) of the Act
6. If the distribution(s) of the security was made to 50 purchasers or
less, circle and complete clause (a) of this section. If the
distribution(s) of the security was made to more than 50 purchasers,
circle clause (b) of this section.
<PAGE>
2
(a)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Number of Price Per Total Section of Act/Rules and if
Full Name and Residential Securities Share Purchase Price applicable, Date of Discretionary
Address of Purchaser Purchased (Canadian $) (Canadian $) Order or Blanket Order Number
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Jay Nussbaum 200,000 * * s. 74(2)(9)
1910 Oracle Way
Reston, VA
20190
------------------------------------------------------------------------------------------------------------------------
Paul Hildebrand 300,000 * * s. 74(2)(9)
5649 Balaclava Street
Vancouver, BC
V6N 1K9
------------------------------------------------------------------------------------------------------------------------
Stewart Walchli 100,000 * * s. 74(2)(9)
407 - 22 Tichester Road
Toronto, ON
M5P 1P1
------------------------------------------------------------------------------------------------------------------------
Rosie Goble 50,000 * * s. 74(2)(9)
4629 Fair Valley Drive
Fairfax, VA
22033
------------------------------------------------------------------------------------------------------------------------
Bill Strieb 75,000 * * s. 74(2)(9)
3959 Hobis Court
Atlanta, Georgia
30319
------------------------------------------------------------------------------------------------------------------------
Lisa Beaman 20,000 * * s. 74(2)(9)
1402 - 1301 No. Courthouse Road
Arlington, VA
22201
------------------------------------------------------------------------------------------------------------------------
Chris Pate 20,000 * * s. 74(2)(9)
10855 Hunger Gate Way
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
<PAGE>
3
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Reston, VA
20194
------------------------------------------------------------------------------------------------------------------------
Teri-Ann Donaldson 12,000 * * s. 74(2)(9)
512 - 1405 West 15th Street
Vancouver, BC
V5H 3R2
------------------------------------------------------------------------------------------------------------------------
Stephen Lieberman 15,000 * * s. 74(2)(9)
402 - 15616 Marathon Circle
North Potomac, MD
20878
------------------------------------------------------------------------------------------------------------------------
Christy Wrenn 15,000 * * s. 74(2)(9)
21110 Crocus Terrace
Ashburn, VA
20147
------------------------------------------------------------------------------------------------------------------------
Tom Sweeny 15,000 * * s. 74(2)(9)
3424 Prospect Street NW
Washington, DC
20007
------------------------------------------------------------------------------------------------------------------------
Kathryn Woodward 17,500 * * s. 74(2)(9)
10013 Murnane Street
Vienna, VA
22181
------------------------------------------------------------------------------------------------------------------------
Al Sukut 10,000 * * s. 74(2)(9)
4600 S. Four Mile Run Drive
Arlington, VA
22204
------------------------------------------------------------------------------------------------------------------------
Mark Gruzin 75,000 * * s. 74(2)(9)
9816 Bald Cypress Drive
Rockville, MD
20850
------------------------------------------------------------------------------------------------------------------------
Will Guyton 17,500 * * s. 74(2)(9)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
<PAGE>
4
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
43397 Deepspring Court
Ashburn, VA
20517
------------------------------------------------------------------------------------------------------------------------
Christopher Ostapovicz 20,000 * * s. 74(2)(9)
9401 Delancey Drive
Vienna, VA
22182
------------------------------------------------------------------------------------------------------------------------
Gary Mounts 5,000 * * s. 74(2)(9)
2A - 122 Laurel Way
Herndon, VA
20170
------------------------------------------------------------------------------------------------------------------------
Joseph Lee Price 3,000 * * s. 74(2)(9)
9514 Debra Spradlin Court
Burke, VA
22105
------------------------------------------------------------------------------------------------------------------------
Anna Woo 5,000 * * s. 74(2)(9)
25569 Gwyneth Square
South Riding, VA
20152
------------------------------------------------------------------------------------------------------------------------
Charles Green 15,000 * * s. 74(2)(9)
4512 Potomac Avenue
Dallas, TX
75205
------------------------------------------------------------------------------------------------------------------------
Bob Means 10,000 * * s. 74(2)(9)
3110 Haverford Lane
Marietta, GA
30067
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
* incentive option - no cash paid
</TABLE>
(b) The issuer has prepared and certified a list of purchasers
comprising the same information required by clause (a) of this
section and a certified true copy of the list will be provided
to the Commission upon request.
N/A
<PAGE>
5
7. State the total dollar value (Canadian $) of the securities distributed
by the issuer to purchasers resident in British Columbia in respect of
which this report is filed.
Nil
8. State the name and address of any person acting as agent in connection
with the distribution(s) of the security, the compensation paid or to
be paid to the agent and the name(s) of the purchaser(s) in respect of
which the compensation was paid or is to be paid.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
Name and Address of Agent Compensation Paid (number Price Per Share Name of Purchaser
and type of security and/or (Canadian $)
cash amount)
(Canadian $)
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
</TABLE>
9. If the distribution of the security was under section 128(a) of the
Rules, state the number of different purchasers who acquired any
securities of the issuer under that section during the 12-month period
preceding the distribution of this security.
N/A
10. If the distribution of the security was made under section 128(h) of
the Rules, state
(a) the number of different purchasers who acquired securities of
the issuer under that section during the 12-month period
preceding the distribution of this security, and
N/A
(b) the total dollar value (Canadian $) of all securities of the
issuer distributed under that section (including the
distribution of this security) during the 12 month period
preceding the distribution of this security.
N/A
The undersigned hereby certifies that the statements made in this report are
true and correct.
<PAGE>
6
DATED at Vancouver, British Columbia, this 28th day of February, 2000.
SIDEWARE SYSTEMS INC.
Per: "Grant Sutherland"
-----------------------
Grant Sutherland
Director of the Company
IT IS AN OFFENCE FOR A PERSON TO MAKE A STATEMENT IN A DOCUMENT REQUIRED TO
BE FILED OR FURNISHED UNDER THE SECURITIES ACT THAT, AT THE TIME AND IN THE
LIGHT OF CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A MISREPRESENTATION.
<PAGE>
APPENDIX 23D
DECLARATION OF INCENTIVE STOCK OPTIONS
TO: The Canadian Venture Exchange
RE: SIDEWARE SYSTEMS INC. (the "Company")
(Name of Listed Company)
This Declaration certifies an application to the Canadian Venture Exchange
(the "Exchange") for acceptance for filing of the Incentive Stock Options
summarized in the Incentive Stock Options Summary Form attached hereto (the
"Filing").
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Company and
has been duly authorized by a resolution of the board of directors of
the Company to make this Declaration;
2. The Company is not an inactive company as defined in the Exchange's
Policy 11.2.1;
3. If the Company has undergone a Reverse Takeover as defined in the
Exchange's Policy 18.5, at least 30 days have elapsed from the later of
the closing of the Reverse Takeover and resumption of trading;
4. Any optionee being granted options under this Filing, that is providing
promotional or market-making services for the Company, is a director,
senior officer or bona fide employee of the Company;
5. The Filing is EITHER in all respects in accordance with the Exchange's
Policy 23 - DIRECTOR AND EMPLOYEE STOCK OPTIONS, in effect as of the
date of this Declaration, OR ANY DEVIATIONS ARE INDICATED ON THE
ATTACHED SUMMARY FORM;
6. As of the date of grant there were no material changes in the affairs
of the Company which were not publicly disclosed; and
7. The Company is not currently in default of its financial statement and
fee filing requirements with the British Columbia Securities
Commission.
8. The information on the attached INCENTIVE STOCK OPTIONS SUMMARY FORM is
true.
<PAGE>
Dated this 16th day of February, 2000.
Grant Sutherland
----------------------------------
Name of Director or Senior Officer
"Grant Sutherland"
----------------------------------
Signature
Director
----------------------------------
Official Capacity
Enforcement action by the Canadian Venture Exchange, the British Columbia
Securities Commission or other regulatory authorities may result if a person
makes a statement in this document that, at the time, and in light of the
circumstances under which it was made, is a misrepresentation.
THIS DOCUMENT WILL BE PLACED IN THE COMPANY'S PUBLIC FILE
<PAGE>
APPENDIX 23C
SUMMARY FORM - INCENTIVE STOCK OPTIONS
COMPANY NAME: SIDEWARE SYSTEMS INC. SYMBOL: SYD.U
DATE: FEBRUARY 16, 2000
1. NEW OPTIONS PROPOSED FOR ACCEPTANCE:
Date of Grant: January 21, 2000
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
No. of Options
Name of Optionee Position Insider? No. of Exercise Expiry Date Granted in
(Director/ Sr. Yes or No Optioned Price (m/d/y) Past 12 months
Officer/ Shares
Employee/
Consultant)
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Jay Nussbaum Director Yes 200,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Paul Hildebrand Sr. Officer Yes 300,000 US$11.08 01/21/05 155,000
- -------------------------------------------------------------------------------------------------------
Stewart Walchli Employee No 100,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Rosie Goble Employee No 50,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Bill Strieb Employee No 75,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Lisa Beaman Employee No 20,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Chris Pate Employee No 20,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Teri-Ann Donaldson Employee No 12,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Stephen Lieberman Employee No 15,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Christy Wrenn Employee No 15,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Tom Sweeny Employee No 15,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Katherine Woodward Employee No 17,500 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Al Sukut Employee No 10,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Mark Gruzin Employee No 75,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Will Guyton Employee No 17,500 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Christoper Ostapovicz Employee No 20,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Gary Mounts Employee No 5,000 US$11.08 01/21/05 5,000
- -------------------------------------------------------------------------------------------------------
Joseph Lee Price Employee No 3,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Anna Woo Employee No 5,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
Charles Green Employee No 15,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
<PAGE>
2
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Bob Means Employee No 10,000 US$11.08 01/21/05 Nil
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
</TABLE>
Total Number of optioned shares proposed for acceptance: 1,000,000
2. AMENDED OPTIONS PROPOSED FOR ACCEPTANCE
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Name of Optionee No. of Optioned Shares Amended Exercise Price Original Date of New/Current
Grant Expiry Date
- ------------------------------------------------------------------------------------------------------------------
Nil Nil Nil Nil Nil
- ------------------------------------------------------------------------------------------------------------------
</TABLE>
3. OTHER PRESENTLY OUTSTANDING OPTIONS: (excluding those included in
item 2 above)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Name of Optionee No. Of Optioned Exercise Price Original Date of Expiry Date
Shares Remaining Grant
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scott Friedlander* 1,000,000 US$8.69 01/14/00 01/14/05
- -------------------------------------------------------------------------------------------------------
Al Unger 10,000 $2.78 10/20/99 10/20/04
- -------------------------------------------------------------------------------------------------------
Ed Vandrimmlen 10,000 $2.78 10/20/99 10/20/04
- -------------------------------------------------------------------------------------------------------
Tony Drezet 10,000 $2.78 10/20/99 10/20/04
- -------------------------------------------------------------------------------------------------------
Gary Mounts 5,000 $2.78 10/20/99 10/20/04
- -------------------------------------------------------------------------------------------------------
Vince Sterniolo 20,000 $2.78 10/20/99 10/20/04
- -------------------------------------------------------------------------------------------------------
Sava Jurisic 20,000 $2.78 10/20/99 10/20/04
- -------------------------------------------------------------------------------------------------------
Chris Hall 10,000 $2.78 10/20/99 10/20/04
- -------------------------------------------------------------------------------------------------------
Grant Sutherland 180,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Michael Colen 200,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Alex Mahon 20,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
May Huang 17,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
John Zhang 25,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Chris Hall 20,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Lyn Gubster 25,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Michelle Mac Gregor 20,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
John Dykstra 17,500 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Neelam Dhat 18,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Robert Dreskai 10,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Vince Taylor 70,000 $2.66 10/04/99 10/04/04
- -------------------------------------------------------------------------------------------------------
Peter Kozicki 25,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
<PAGE>
3
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Edward White 25,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Paul Hildebrand 75,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Michael Peacock 50,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Marie Russell 50,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Tom Murray 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Mac Allen 65,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Victoria Gaidacheva 25,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Alexander Prosvirnitsin 25,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Pam Heibein 5,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Malcolm Wong 35,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Richard Ford 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Meghan Wickers 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Michael Shackleford 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Colin Scott 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Alex Mahon 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Jennifer Tulloch 20,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Leanne Dick 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Dee Regis 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Cindy Drudl 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Lou Capannelli 25,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
John Zhang 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Lisa Rogers 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Richard Simpson 10,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Grant Sutherland 125,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Owen Jones 125,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
James Speros 125,000 $2.33 06/17/99 06/17/04
- -------------------------------------------------------------------------------------------------------
Michael Peacock 100,000 $1.14 04/14/99 04/14/04
- -------------------------------------------------------------------------------------------------------
Tom Murray 100,000 $1.14 04/14/99 04/14/04
- -------------------------------------------------------------------------------------------------------
Marie Russell 100,000 $1.14 04/14/99 04/14/04
- -------------------------------------------------------------------------------------------------------
Lou Capannelli 25,000 $1.14 04/14/99 04/14/04
- -------------------------------------------------------------------------------------------------------
Lisa Rogers 15,000 $1.14 04/14/99 04/14/04
- -------------------------------------------------------------------------------------------------------
John Wedel 50,000 $1.14 04/14/99 04/14/04
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
<PAGE>
4
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Alex Mahon 20,000 $1.14 04/14/99 04/14/04
- -------------------------------------------------------------------------------------------------------
Richard Simpson 22,500 $1.35 04/29/99 04/29/04
- -------------------------------------------------------------------------------------------------------
Michael Shackleford 13,000 $1.35 04/29/99 04/29/04
- -------------------------------------------------------------------------------------------------------
Richard Ford 20,000 $1.35 04/29/99 04/29/04
- -------------------------------------------------------------------------------------------------------
Meghan Wickers 17,000 $1.35 04/29/99 04/29/04
- -------------------------------------------------------------------------------------------------------
Jennifer Tulloch 20,000 $1.35 04/29/99 04/29/04
- -------------------------------------------------------------------------------------------------------
Cindy Drdul 13,000 $1.35 04/29/99 04/29/04
- -------------------------------------------------------------------------------------------------------
Owen Jones 123,000 $0.36 02/12/97 02/12/02
- -------------------------------------------------------------------------------------------------------
James Speros 250,000 $0.36 07/06/98 07/06/03
- -------------------------------------------------------------------------------------------------------
Owen Jones 55,000 $0.36 07/06/98 07/06/03
- -------------------------------------------------------------------------------------------------------
Ajay Sidda 40,000 $0.36 07/06/98 07/06/03
- -------------------------------------------------------------------------------------------------------
Mary Ellen Ajtony 5,000 $0.50 05/01/96 05/01/01
- -------------------------------------------------------------------------------------------------------
Owen Jones 300,000 $0.50 05/01/96 05/01/01
- -------------------------------------------------------------------------------------------------------
Peter Kozicki 50,000 $0.50 05/01/96 05/01/01
- -------------------------------------------------------------------------------------------------------
Grant Sutherland 198,000 $0.50 05/01/96 05/01/01
- -------------------------------------------------------------------------------------------------------
Edward White 100,000 $0.50 05/01/96 05/01/01
- -------------------------------------------------------------------------------------------------------
Peter Kozicki 25,000 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
Owen Jones 75,000 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
Grant Sutherland 75,000 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
Edward White 25,000 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
Mary Ellen Ajtony 5,000 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
Paul Hildebrand 75,000 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
Leeanne Dick 2,500 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
Dee Regis 2,500 $0.70 12/16/97 12/16/02
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
</TABLE>
*Subject to Canadian Venture Exchange approval.
Total Number of shares optioned, including those proposed for acceptance in 1
and/or 2 above:
5,549,000
- ----------------------------
4. If optionees include Insiders, state the date on which the shareholder
meeting approving the options or amendments was held: June 30, 1999
-------------
<PAGE>
5
or alternatively, indicate if shareholders' approval must still be
obtained: N/A
---
5. If applicable, state the date of the press release announcing the grant
of options: January 21, 2000
----------------
6. State the total issued and outstanding share capital at the date of
grant or amendment: 56,162,816
7. State, as a percentage of the issued shares of the Company indicated in
6 above, the aggregate number of shares that are subject to incentive
stock options, including new options, amended options and other
presently outstanding options: 9.88%
-----
8. If the new options are being granted pursuant to a stock option plan,
state the number of remaining shares reserved for issuance under the
plan: N/A
---
9. If the Company has completed a public distribution of its securities
within six months of the date of grant, state the per share price paid
by the public investors: $ N/A
-----
10. The stock option agreement is in accordance with Exchange Policy
23.2.10 and 23.4.1 for Venture Companies, which includes the following
provisions: (please check boxes)
/ X / a condition that the option is non-assignable and
non-transferable;
/ X / the period (if any) within which the optionee's heirs or
administrators may exercise any portion of the outstanding option
does not exceed one year from the optionee's death;
/ X / the option may only be exercised while the optionee is a
director, officer, employee or consultant within a period of not
more than 30 days after ceasing to be a director, officer,
employee or consultant;
/ X / a condition that shareholder approval to the grant of the options
shall be obtained prior to the exercise of the options granted to
Insiders;
/ X / a condition that shareholder approval shall be obtained in
respect of amendment to the agreement if the option as originally
constituted was approved by the shareholders or if the optionee
is an Insider of the company at the time of the proposed
amendment; and
/ X / if the incentive stock option agreements grant options to
employees, a representation by the employer that the optionee is
a bona fide employee of the company, subsidiary or management
company providing services to the listed company (other than
consultants performing investor relations services).
11. If the grant of options is not in complete accordance with Policy 23 -
Director and Employee Stock Options, indicate where there are
deviations, and explain why a waiver of Exchange policy is in the best
interests of the company and the investing public.
<PAGE>
6
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
Enforcement action by the Canadian Venture Exchange, the British Columbia
Securities Commission or other regulatory authorities may result if a person
makes a statement in this document that, at the time, and in light of the
circumstances under which it was made, is a misrepresentation.
THIS DOCUMENT WILL BE PLACED IN THE COMPANY'S PUBLIC
FILE IN ACCORDANCE WITH THE TERMS OF THE COMPANY'S
LISTING AGREEMENT
<PAGE>
SIDEWARE SYSTEMS INC. ANNOUNCES STOCK OPTIONS
INVESTOR CONTACTS:
Richard S. Simpson or
Jennifer Burke
[email protected]
(604) 988-0440
FOR IMMEDIATE RELEASE - JANUARY 21, 2000
VANCOUVER, B.C. - Sideware Systems Inc. (CDNX:SYD.U and OTC-BB:SDWSF)
announces it has granted stock options to purchase 1,000,000 common shares to
its directors, officers and employees. The stock options are exercisable at a
price of US$11.08 per share, priced in accordance with the policies of the
Canadian Venture Exchange, for a term of five years from January 21, 2000.
The granting of these options is subject to regulatory acceptance.
ABOUT SIDEWARE
Sideware is an IBM ISV and Business Partner providing products, solutions and
integration services. The company has coupled Dr. Bean e-Customer
Relationship Management Technology ("e-CRMT") with IBM products providing a
flexible e-Business "backbone" for small companies to large corporations. The
company is a Java developer and has exclusively built Dr. Bean using Java and
Enterprise Java technologies. For further information on Sideware's total
solution or turnkey products and services, please visit www.sideware.com. For
investment information visit www.techwestmgmt.com/sideware. Sideware Systems
Inc., Corporate Headquarters in North Vancouver, BC publicly trades on both
the OTC Bulletin Board, "SDWSF" and the Canadian Venture Stock Exchange
(CDNX) - "SYD-U". Sideware Corp., is Headquartered in Herndon, VA, and is the
centre for the company's product sales and service operations.
ON BEHALF OF THE BOARD
"Grant Sutherland"
Grant Sutherland
Chairman
-more-
<PAGE>
-2-
THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbour" for forward-looking statements. Certain information included in this
communication (as well as information included in oral statements or other
written statements made or to be made by Sideware Systems Inc.) contains
statements that are forward-looking, such as statements relating to the
future anticipated direction of the high technology industry, plans for
future expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth and potential
contracts. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of Sideware Systems Inc.
These risks and uncertainties include, but are not limited to, those relating
to development and expansion activities, dependence on existing management,
financial activities, domestic and global economic conditions, changes in
federal or state income tax laws, and market competition factors.
<PAGE>
SIGNATURES
Pursuant to the requirements of the SECURITIES EXCHANGE ACT OF 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Sideware Systems Inc.
"Grant Sutherland"
Date: March 9, 2000 By: Grant Sutherland, Chairman
<PAGE>
VIA EDGAR
March 9, 2000
United States Securities and Exchange Commission
Judiciary Plaza
450 5th Street N.W.
Washington, D.C. 20549
USA
Ladies and Gentlemen:
RE: FORM 6-K
We enclose for filing via EDGAR a Form 6-K.
Yours truly,
SIDEWARE SYSTEMS INC.
per:
"Grant Sutherland"
Grant Sutherland, Chairman
