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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
iXL ENTERPRISES, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE 450718 10 1
(Title of class of securities) (CUSIP number)
NANCY E. BARTON, ESQ.
GENERAL ELECTRIC CAPITAL CORPORATION
260 LONG RIDGE ROAD
STAMFORD, CONNECTICUT 06927
(203) 357-4000
(Name, address and telephone number of person
authorized to receive notices and communications)
JUNE 8, 1999
(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(e), 13d-1(f) or 13d-1(g), check the following box
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 53 Pages)
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<TABLE>
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CUSIP No. 450718 10 1 13D Page 2 of 53
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1 NAMES OF REPORTING PERSONS: GE CAPITAL EQUITY INVESTMENTS, INC.
I.R.S. IDENTIFICATION NOS. 06-1268495
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
Excludes warrants to purchase 2,500,000 shares of Common Stock held by
GE Capital Equity Investments, Inc., which are not exercisable within
60 days.
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.4%
(SEE ITEM 5)
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14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
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CUSIP No. 450718 10 1 13D Page 3 of 53
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1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL CORPORATION
I.R.S. IDENTIFICATION NOS. 13-1500700
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,704,159 (SEE ITEM 5)
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 2,000,000
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,704,159 (SEE ITEM 5)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 4,704,159 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
Excludes warrants to purchase 2,500,000 shares of Common Stock held by
GE Capital Equity Investments, Inc., which are not exercisable within
60 days.
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 7.4%
(SEE ITEM 5)
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14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 4 of 53
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC CAPITAL SERVICES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. 06-1109503
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: DISCLAIMED (SEE 11 BELOW)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY
GENERAL ELECTRIC CAPITAL SERVICES, INC.
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 5 of 53
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1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY
I.R.S. IDENTIFICATION NOS. 91-6027719
OF ABOVE PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .79%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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<PAGE>
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CUSIP No. 450718 10 1 13D Page 6 of 53
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1 NAMES OF REPORTING PERSONS: GNA CORPORATION
I.R.S. IDENTIFICATION NOS. 91-1277112
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: WASHINGTON
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .79%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 7 of 53
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1 NAMES OF REPORTING PERSONS: GE FINANCIAL ASSURANCE HOLDINGS, INC.
I.R.S. IDENTIFICATION NOS. 54-1829180
OF ABOVE PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .79%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 8 of 53
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1 NAME OF REPORTING PERSON: TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
S.S. OR I.R.S. IDENTIFICATION NO. 14-6015763
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: 00
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .79%
(SEE ITEM 5)
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14 TYPE OF REPORTING PERSON: EP
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CUSIP No. 450718 10 1 13D Page 9 of 53
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1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC INVESTMENT CORPORATION, AS INVESTMENT
MANAGER OF GEPT (AS DEFINED BELOW)
I.R.S. IDENTIFICATION NOS. 22-2152310
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .79%
(SEE ITEM 5)
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14 TYPE OF REPORTING PERSON: IA, CO
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CUSIP No. 450718 10 1 13D Page 10 of 53
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC COMPANY
S.S. OR I.R.S. IDENTIFICATION NO. 14-0689340
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [X]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: DISCLAIMED (SEE 11 BELOW)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY
GENERAL ELECTRIC COMPANY
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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<PAGE>
ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Stock, par value $.01 per
share ("Common Stock"), of iXL Enterprises, Inc., a Delaware corporation (the
"Company"). The principal executive offices of the Company are located at Two
Park Place, 1888 Emery Street, 2nd Floor, Atlanta, Georgia 30318.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed by GE Capital Equity Investments,
Inc., a Delaware corporation ("GECEII"), General Electric Capital Corporation, a
New York corporation ("GE Capital"), General Electric Capital Services, Inc., a
Delaware corporation ("GECS"), General Electric Capital Assurance Company, a
Delaware corporation ("GECAC"), GNA Corporation, a Washington corporation
("GNA"), GE Financial Assurance Holdings, Inc., a Delaware corporation
("GEFAH"), Trustees of General Electric Pension Trust, a New York common law
trust ("GEPT"), General Electric Investment Corporation, a Delaware corporation
("GEIC") and General Electric Company, a New York corporation ("GE").
GECEII is a wholly owned subsidiary of GE Capital. GECAC is a
wholly owned subsidiary of GNA, which is a wholly owned subsidiary of GFAH,
which in turn is a wholly owned subsidiary of GE Capital. GE Capital is a wholly
owned subsidiary of GECS. GECS and GEIC are wholly owned subsidiaries of GE. GE
provides a wide variety of industrial, commercial and consumer products and
services. The principal executive office of GE is 3135 Easton Turnpike,
Fairfield, Connecticut 06431.
GECEII operates primarily in the financing industry, and is
principally involved in making minority equity investments. GE Capital and GECS
operate primarily in the financing industry and, to a lesser degree, in the life
insurance and property/casualty insurance industries. The principal executive
offices of GECEII, GE Capital and GECS are at 260 Long Ridge Road, Stamford,
Connecticut 06927.
GECAC, GNA and GFAH are insurance companies. The principal
executive offices of GECAC, GNA and GFAH are at 6604 West Broad Street,
Richmond, Virginia 23230.
GEPT is a New York common law trust. The principal business of
GEPT is as a pension trust organized for the benefit of certain employees of GE.
GEIC is a registered investment advisor and acts as Investment Manager of GEPT.
The principal executive offices of GEPT and GEIC are at 3003 Summer Street,
Stamford, Connecticut 06904.
ITEMS 2(A), (B) AND (C)
For information with respect to the identity and background of
each executive officer and director of GECEII, GE Capital, GECS, GECAC,
GNA,GFAH, GEIC and GE, see Schedules I, II, III, IV, V, VI, VII and VIII
attached hereto, respectively. For information with respect to the identity and
background of each trustee of GEPT, see Schedule IX attached hereto.
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This statement is being filed while GECEII, GE Capital, GECS,
GECAC, GNA,GFAH, GEPT, GEIC and GE are in the process of verifying information
required herein from their respective executive officers and directors and, in
the case of GEPT, its trustees. If GECEII, GE Capital, GECS, GECAC, GNA,GFAH,
GEPT, GEIC or GE obtains information which would cause a change in the
information contained herein, an amendment to this statement will be filed that
will set forth such change in information.
ITEMS 2(D) AND (E)
Except as set forth on Schedule X, during the last five years
none of GECEII, GE Capital, GECS, GECAC, GNA,GFAH, GEPT, GEIC, GE, nor, to the
best of their knowledge, any person identified in Schedules I through IX has
been (i) convicted of any criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) 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.
ITEM 2(F)
To the knowledge of GECEII, GE Capital, GECS, GECAC, GNA,GFAH,
GEPT, GEIC and GE, all persons identified on Schedules I through IX are U.S.
citizens, except that (i) Paolo Fresco, a director of GE, is an Italian citizen,
(ii) Claudio X. Gonzalez, a director of GE, is a Mexican citizen, (iii) Andrea
Jung, a director of GE, is a Canadian citizen, (iv) G.S. Malm, an executive
officer of GE, is a Swedish citizen, (v) Kaj Ahlmann, an executive officer and a
director of GECS is a Danish citizen, and (vi) Nigel Andrews, an executive
officer of GECS and GE Capital and a director of GECS and GE Capital, is a UK
citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On December 23, 1997, GE Capital purchased from the Company
15,384 shares of Class B Convertible Preferred Stock and warrants to purchase 1,
775 shares (subject to antidilution adjustments) of Class B Convertible
Preferred Stock for an aggregate purchase price of $4,999,800. In connection
with the Company's initial public offering of its Common Stock on June 8, 1999,
the shares of Class B Convertible Preferred were converted into 1,538,400 shares
of Common Stock and the warrants were converted into immediately exercisable
warrants to purchase 177,500 shares of Common Stock. The warrant agreement for
such warrants is filed herewith as Exhibit 1. The funds used to purchase the
Class B Convertible Preferred Stock were obtained by GE Capital from its working
capital.
On August 31, 1998, GE Capital purchased from the Company
2,500 shares of Class D Nonvoting Preferred Stock for an aggregate purchase
price of $2,500,000. In connection with the Company's initial public offering of
its Common Stock on June 8, 1999, the shares of Class D Nonvoting Preferred
Stock were converted into 488,259 shares of Common Stock. The funds used to
12
<PAGE>
purchase the Class D Nonvoting Preferred Stock were obtained by GE Capital from
its working capital.
On November 3, 1998, the Company and GE Capital entered into a
warrant agreement pursuant to which the Company issued to GE Capital warrants to
purchase 500,000 shares (subject to antidilution adjustments) of Common Stock,
as consideration for a marketing campaign proposed by GE Capital to publicize
the services of the Company and its subsidiary, Consumer Financial Network, Inc.
("CFN"). In connection with the Company's initial public offering of its Common
Stock on June 8, 1999, the warrants were converted into immediately exercisable
warrants to purchase 500,000 shares of Common Stock. The warrant agreement for
such warrants is filed herewith as Exhibit 2.
On January 15, 1999, GECAC purchased from the Company 5,000
shares of Class A Convertible Preferred Stock for an aggregate purchase price of
$5,000,000. . In connection with the Company's initial public offering of its
Common Stock on June 8, 1999, the shares of Class A Convertible Preferred Stock
were converted into 500,000 shares of Common Stock. The funds used to purchase
the Class A Convertible Preferred Stock were obtained by GECAC from its working
capital.
On April 7, 1999, the Company and GECEII entered into a
warrant agreement pursuant to which the Company issued to GE Capital warrants to
purchase up to 1,000,000 shares (subject to antidilution adjustments) of Common
Stock, as consideration for GECEII entering into a Master Services Agreement
with the Company on that date. Pursuant to the Master Services Agreement, the
Company agreed to provide various interactive services to GECEII, GE and its
affiliates relating to Web design and development, information systems design
and development and similar multimedia/software services, and GECEII agreed to
make certain payments to the Company for such services. The warrant agreement
for such warrants is filed herewith as Exhibit 3.
On June 8, 1999, in a private transaction, GECEII purchased
from the Company 1,500,000 shares of Common Stock for an aggregate purchase
price of $18,000,000 and GEPT purchased from the Company 500,000 shares of
Common Stock for an aggregate purchase price of $6,000,000. In addition, on June
8, 1999, the Company issued to GECEII warrants to purchase to 1,500,000 shares
(subject to antidilution adjustments) of Common Stock in consideration for
GECEII's agreement to (a) help develop and implement a mutually satisfactory
marketing plan for the Company, including a coordinated promotional campaign
extending for one year and emphasizing GECEII's continuing and growing
relationship with the Company and its subsidiary, CFN and (b) GECEII's agreement
to use its commercially reasonable efforts to implement, within GECEII's
intranet, the electronic access to CFN's entire platform and developing a
mutually satisfactory plan of implementation and employee communication with
respect thereto. The warrant agreement for such warrants is filed herewith as
Exhibit 4. The funds used to purchase these securities were obtained by GECEII
from its working capital and by GEPT from its trust assets.
13
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ITEM 4. PURPOSE OF TRANSACTION.
Each of GECEII and GEPT purchased from the Company the
securities described as being purchased by them in Item 3 above as an investment
and holds them in the ordinary course of business and not with the purpose or
effect of changing the control of the Company. Each of GE Capital and GECAC
purchased the securities described as being purchased by them in Item 3 above as
an investment and holds the Common Stock into which they were converted in the
ordinary course of business and not with the purpose or effect of changing the
control of the Company.
Each of GE Capital, GECAC, GECEII and GEPT intends to review
its investment in the securities described as being held by them in Item 3 above
on a regular basis and, as a result thereof, may (i) after such time as any of
the warrants become exercisable, exercise such warrants in whole or in part, or
(ii) at any time or from time to time, dispose of all or a portion of the shares
of Common Stock or warrants (or shares of Common Stock issuable upon exercise
thereof) owned by it. Any such acquisition or disposition would be made in
compliance with all applicable laws and regulations.
The information contained in Item 6 of this statement is
specifically incorporated herein by reference.
Except as set forth above, none of GECEII, GE Capital, GECS,
GECAC, GNA, GFAH, GEPT, GEIC or GE has any plans or proposals which relate to or
would result in the types of transactions set forth in subparagraphs (a) through
(j) of Item 4.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of June 18, 1999, the reporting persons beneficially
owned the following shares of Common Stock:
(1) GECEII directly owns 1,500,000 shares of Common Stock
(excluding 2,500,000 shares of Common Stock issuable upon the exercise of
warrants which are not exercisable within 60 days). The 1,500,000 shares
represent approximately 2.4% of the 63,547,800 outstanding shares of Common
Stock.
(2) GECAC directly owns 500,000 shares of Common Stock. The
500,000 shares represent approximately .79% of the 63,547,800 outstanding shares
of Common Stock.
(3) By virtue of it being the owner of all of the outstanding
shares of GECAC, GNA is for the purposes of this Schedule 13D, a beneficial
owner of all of the shares of Common Stock beneficially owned by GECAC.
(4) By virtue of it being the owner of all of the outstanding
shares of GNA, GFAH is for the purposes of this Schedule 13D, a beneficial owner
of all of the shares of Common Stock beneficially owned by GNA.
14
<PAGE>
(5) GE Capital directly owns 2,704,159 shares of Common Stock,
including 677,500 shares issuable upon the exercise of currently exercisable
warrants. The 2,704,159 shares represent approximately 4.3% of the 63,547,800
outstanding shares of Common Stock. By virtue of it being of the owner of all of
the outstanding shares of GECEII and GFAH, GE Capital is for the purposes of
this Schedule 13D, a beneficial owner of all of the shares of Common Stock
beneficially owned by GECEII and GFAH.
(6) GEPT directly owns 500,000 shares of Common Stock. The
500,000 shares represent approximately .79% of the 63,547,800 outstanding shares
of Common Stock.
(7) By virtue of it being the Investment Manager of GEPT, GEIC
is for the purposes of this Schedule 13D, a beneficial owner of all of the
shares of Common Stock beneficially owned by GEPT.
(8) GECS and GE disclaim beneficial ownership of all shares of
Common Stock beneficially owned by the other reporting persons. Neither the
filing of this Schedule 13D nor anything contained herein is intended as, or
should be construed as, an admission that GECS or GE is the "beneficial owner"
of any shares of Common Stock beneficially owned by the other reporting persons.
Except as disclosed in this Item 5(a) and in Item 3 above,
none of GECEII, GE Capital, GECS, GECAC, GNA, GFAH, GEPT, GEIC, GE, nor, to the
best of their knowledge, any of their executive officers and directors,
beneficially owns any securities of the Company or presently has a right to
acquire any securities of the Company.
(b) The response of each reporting person to Item 7 through 11
of the cover pages of this Schedule 13D relating to beneficial ownership of the
shares of Common Stock are incorporated herein by reference.
(c) Except as set forth above, none of GECEII, GE Capital,
GECS, GECAC, GNA, GFAH, GEPT, GEIC, GE, nor, to the best of their knowledge, any
person identified on Schedules I through IX, has effected any transaction in any
securities of the Company 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.
On December 23, 1997, GE Capital entered into an Agreement to
be Bound to a Registration Rights Agreement with the Company, pursuant to which
it effectively became a party to a Registration Rights Agreement dated April 6,
1996 between the Company and certain other stockholders of the Company
("Registration Rights Agreement"). On June 8, 1999, GECEII and GEPT entered into
an Agreement to be Bound to a Registration Rights Agreement with the Company,
pursuant to which GECEII and GEPT effectively became parties to the Registration
15
<PAGE>
Rights Agreement. Pursuant to the Registration Rights Agreement, GE Capital,
GECEII, GEPT and the other stockholders that are party thereto, may make a
written request of the Company for registration with the Securities and Exchange
Commission, under and in accordance with the provisions of the Securities Act of
1933, as amended, of all or part of their registrable securities, which include
Common Stock (a "Demand Registration"). The holders of more than 50% of the
Common Stock subject to the Registration Rights Agreement shall be entitled to
request Demand Registrations from time to time, and each holder shall be
entitled to an unlimited number of "piggy back" registrations. The two
Agreements to be Bound to the Registration Rights Agreement and the Registration
Rights Agreement are filed herewith as Exhibits 5(a), 5(b) and 6, respectively.
On June 8, 1999, GECEII and GEPT each entered into an
Agreement to be Bound to the Stockholders' Agreement, pursuant to which each of
them became bound to the Second Amended and Restated Stockholders' Agreement of
the Company dated December 17, 1997. On June 8, 1999, GE Capital and GECEII
entered into the Third Amended and Restated Stockholders' Agreement (the
"Stockholders' Agreement") with the Company, Kelso Investment Associates V,
L.P., Kelso Equity Partners V, L.P., CB Capital Investors, L.P. and the other
signatories thereto. The Stockholders' Agreement amended and restated the Second
Amended and Restated Stockholders' Agreement in its entirety. Pursuant to the
Stockholders' Agreement, certain other stockholders of the Company have agreed
to designate nominees to the board of directors of the Company. The two
Agreements to be Bound to the Stockholders' Agreement and the Stockholders'
Agreement are filed herewith as Exhibits 7(a), 7(b), and 8, respectively.
The information contained in Item 3 of this statement is
specifically incorporated herein by reference.
Except as described above, there are no contracts,
arrangements, understandings or relationships with respect to any securities of
the Company (a) among the reporting persons and, to the best of their knowledge,
any of the other persons identified pursuant to Item 2 above and (b) between (i)
the reporting persons and, to the best of their knowledge, any of the persons
identified pursuant to Item 2 above and (ii) any other person, other than the
agreement filed herewith as Exhibit 8.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Warrant Agreement between the Company and GE Capital, dated
December 23, 1997 (incorporated by reference from Exhibit
10.43 to the Company's Registration Statement on Form S-1
(No. 333-71937) (the "Company's Form S-1")).
Exhibit 2 Warrant Agreement between the Company and GE Capital, dated
November 3, 1998 (incorporated by reference from Exhibit
10.49 to the Company's Form S-1).
16
<PAGE>
Exhibit 3 Warrant Agreement between the Company and GECEII, dated
April 7, 1999 (incorporated by reference from Exhibit 10.57
to the Company's Form S-1).
Exhibit 4 Warrant Agreement between the Company and GECEII, dated June
8, 1999 (incorporated by reference from Exhibit 10.60 to the
Company's Form S-1).
Exhibit 5(a) Agreement to be Bound to the Registration Rights
Agreement by and between the Company and GE Capital, dated
as of December 23, 1997.
Exhibit 5(b) Agreement to be Bound to the Registration Rights Agreement
by and among the Company, GECEII and GEPT, dated as of June
8, 1999.
Exhibit 6 Registration Rights Agreement dated April 30, 1996
(incorporated by reference from Exhibit 10.53 to the
Company's Form S-1).
Exhibit 7(a) Agreement to be Bound to the Stockholders' Agreement by GEPT
dated as of June 8, 1999.
Exhibit 7(b) Agreement to be Bound to the Stockholders' Agreement by
GECEII dated as of June 8, 1999.
Exhibit 8 Third Amended and Restated Stockholders' Agreement by and
among the Company, GE Capital, GECEII and certain existing
stockholders of the Company, dated as of June 8, 1999
(incorporated by reference from Exhibit 4.7 to the Company's
Form S-1).
Exhibit 9 Joint Filing Agreement by and among GE, GECS, GE Capital,
GECEII, GECAC, GEIC, GEPT, GNA and GFAH, dated June 17,
1999.
17
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Paul J. Licursi
-------------------------------
Name: Paul J. Licursi
Title: Vice President
Dated: June 17, 1999
18
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Victor F. Guaglianone
-----------------------------------
Name: Victor F. Guaglianone
Title: Vice President
Dated: June 17, 1999
19
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Paul J. Licursi *
-------------------------------------
Name: Paul J. Licursi
Title: Attorney-in-Fact
Dated: June 17, 1999
* Power of attorney, dated as of April 30, 1998, by General Electric Capital
Services, Inc., is hereby incorporated by reference to Schedule 13D for
Telescan, Inc., filed January 25, 1999 by GE Capital Equity Investments,
Inc.
20
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY
By: /s/ Leon E. Roday
-----------------------------------------
Name: Leon E. Roday
Title: Executive Vice President and
General Counsel
Dated: June 17, 1999
21
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GNA CORPORATION
By: /s/ Leon E. Roday
---------------------------------------------
Name: Leon E. Roday
Title: Executive Vice President, General
Counsel and Secretary
Dated: June 17, 1999
22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GE FINANCIAL ASSURANCE HOLDINGS, INC.
By: /s/ Leon E. Roday
---------------------------------------
Name: Leon E. Roday
Title: Executive Vice President, General
Counsel and Secretary
Dated: June 17, 1999
23
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment Corporation,
its Investment Manager
By: /s/ Michael M. Pastore
-----------------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: June 17, 1999
24
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
-----------------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: June 17, 1999
25
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC COMPANY
By: /s/ Paul J. Licursi *
------------------------------------
Name: Paul J. Licursi
Title: Attorney-in-Fact
Dated: June 17, 1999
* Power of attorney, dated as of April 30, 1998, by General Electric Company
is hereby incorporated by reference to Schedule 13D for Telescan, Inc.,
filed January 25, 1999 by GE Capital Equity Investments, Inc.
26
<PAGE>
SCHEDULE I TO SCHEDULE 13D
Filed by GE Capital Equity Investments, Inc.
GE CAPITAL EQUITY INVESTMENTS, INC.
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Director
- --------
Michael E. Pralle GE Capital Equity Investments, Inc. President and Chairman of the Board
260 Long Ridge Road
Stamford, CT 06927
Officers
- --------
Michael E. Pralle GE Capital Equity Investments, Inc. President and Chairman of the Board
260 Long Ridge Road
Stamford, CT 06927
Jonathan K. Sprole GE Capital Equity Investments, Inc. Vice President, General Counsel and
260 Long Ridge Road Secretary
Stamford, CT 06927
Paul Licursi GE Capital Equity Investments, Inc. Vice President--Finance, and Treasurer
260 Long Ridge Road
Stamford, CT 06927
Joseph Swezey GE Capital Equity Investments, Inc. Vice President--Controller
260 Long Ridge Road
Stamford, CT 06927
Barbara J. Gould GE Capital Equity Investments, Inc. Vice President, Associate General
260 Long Ridge Road Counsel and Assistant Secretary
Stamford, CT 06927
Peter J. Muniz GE Capital Equity Investments, Inc. Vice President, Associate General
260 Long Ridge Road Counsel and Assistant Secretary
Stamford, CT 06927
Bryant Cohen GE Capital Equity Investments, Inc. Vice President--Taxes
260 Long Ridge Road
Stamford, CT 06927
</TABLE>
27
<PAGE>
SCHEDULE II TO SCHEDULE 13D
Filed by General Electric Capital Corporation
GENERAL ELECTRIC CAPITAL CORPORATION
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
---- ------- ----------
<S> <C> <C>
Directors
---------
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary, General Electric
Stamford, CT 06927 Capital Corporation
James R. Bunt General Electric Company Vice President and Treasurer, General
3135 Easton Turnpike Electric Company
Fairfield, CT 06431
David M. Cote General Electric Appliances President and Chief Executive Officer,
Appliance Park General Electric Appliances
Louisville, KY 40225
Dennis D. Dammerman General Electric Company Vice Chairman and Executive Officer,
3135 Easton Turnpike General Electric Company; Chairman and
Fairfield, CT 06431 Chief Executive Officer, General
Electric Capital Services, Inc.
Benjamin W. Heineman, Jr. General Electric Company Senior Vice President, General Counsel
3135 Easton Turnpike and Secretary, General Electric
Fairfield, CT 06431 Company
Jeffrey R. Immelt General Electric Medical Systems President and Chief Executive Officer,
3000 N. Grandview Boulevard General Electric Medical Systems
Waukesha, WI 53188
W. James McNerney, Jr. GE Aircraft Engines President and Chief Executive Officer,
One Neumann Way GE Aircraft Engines
Cincinnati, OH 45215-6301
John H. Myers GE Investment Corporation Chairman and President, GE Investment
3003 Summer Street Corporation
Stamford, CT 06904
Robert L. Nardelli General Electric Company President and Chief Executive Officer,
One River Road GE Power Systems
Schenectady, NY 12345
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer,
260 Long Ridge Road General Electric Capital Corporation
Stamford, CT 06927
28
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
---- ------- ----------
Michael A. Neal General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer, General Electric
Stamford, CT 06927 Capital Corporation
John M. Samuels General Electric Company Vice President and Senior Counsel,
3135 Easton Turnpike Corporate Taxes, General Electric
Fairfield, CT 06431 Company
Keith S. Sherin General Electric Company Senior Vice President -
3135 Easton Turnpike Finance and Chief Financial Officer,
Fairfield, CT 06431 General Electric Company
Edward D. Stewart General Electric Capital Corporation Executive Vice President, General
1600 Summer Street Electric Capital Corporation
Stamford, CT 06904
John F. Welch, Jr. General Electric Company Chairman and Chief Executive Officer,
3135 Easton Turnpike General Electric Company
Fairfield, CT 06431
Executive Officers
------------------
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer
260 Long Ridge Road
Stamford, CT 06927
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President
260 Long Ridge Road
Stamford, CT 06927
Michael A. Neal General Electric Capital Corporation Executive Vice President
260 Long Ridge Road
Stamford, CT 06927
Edward D. Stewart General Electric Capital Corporation Executive Vice President
1600 Summer Street
Stamford, CT 06905
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer
Stamford, CT 06927
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary
Stamford, CT 06927
James A. Colica General Electric Capital Corporation Senior Vice President, Global Risk
260 Long Ridge Road Management
Stamford, CT 06927
Richard D'Avino General Electric Capital Corporation Senior Vice President, Taxes
777 Long Ridge Road
Stamford, CT 06927
29
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
---- ------- ----------
Michael D. Fraizer General Electric Capital Corporation Senior Vice President,
6604 West Broad Street Insurance/Investment Products
Taylor Building
Richmond, VA 23230
Robert L. Lewis General Electric Capital Corporation Senior Vice President, Structured
120 Long Ridge Road Finance Group
Stamford, CT 06927
Lawrence J. Toole General Electric Capital Corporation Senior Vice President, Human Resources
260 Long Ridge Road
Stamford, CT 06927
Jeffrey S. Werner General Electric Capital Corporation Senior Vice President, Corporate
201 High Ridge Road Treasury and Global Funding Operation
Stamford, CT 06927
</TABLE>
30
<PAGE>
SCHEDULE III TO SCHEDULE 13D
Filed by General Electric Capital Services, Inc.
GENERAL ELECTRIC CAPITAL SERVICES, INC.
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
---- ------- ----------
<S> <C> <C>
Directors
---------
Kaj Ahlmann Employers Reinsurance Corp. Executive Vice President, General
5200 Metcalf Electric Capital Services, Inc.,
Overland Park, KS 66201 President and Chief Operating Officer,
Employers Reinsurance Corp.
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary
Stamford, CT 06927
James R. Bunt General Electric Company Vice President and Treasurer, General
3135 Easton Turnpike Electric Company
Fairfield, CT 06431
David M. Cote GE Appliances President and Chief Executive Officer,
Appliance Park GE Appliances
Louisville, KY 40225
Dennis D. Dammerman General Electric Company Vice Chairman and Executive Officer,
3135 Easton Turnpike General Electric Company; Chairman and
Fairfield, CT 06431 Chief Executive Officer, General
Electric Capital Services, Inc.
Benjamin W. Heineman, Jr. General Electric Company Senior Vice President, General Counsel
3135 Easton Turnpike and Secretary, General Electric Company
Fairfield, CT 06431
Jeffrey R. Immelt GE Medical Systems President and Chief Executive Officer,
3000 N. Grandview Blvd. GE Medical Systems
Waukesha, WI 53188
W. James McNerney, Jr. GE Aircraft Engines President and Chief Executive Officer,
One Neumann Way GE Aircraft Engines
Cincinnati, OH 45215-6301
John H. Myers GE Investment Corporation Chairman and President, GE Investment
3003 Summer Street Corporation
Stamford, CT 06905
Robert L. Nardelli General Electric Company President and Chief Executive Officer,
One River Road GE Power Systems
Schenectady, NY 12345
31
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
---- ------- ----------
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer,
260 Long Ridge Road General Electric Capital Corporation
Stamford, CT 06927
Michael A. Neal General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer, General Electric
Stamford, CT 06927 Capital Corporation
John M. Samuels General Electric Company Vice President and Senior Counsel,
3135 Easton Turnpike Corporate Taxes, General Electric
Fairfield, CT 06431 Company
Keith S. Sherin General Electric Company Senior Vice President -
3135 Easton Turnpike Finance and Chief Financial Officer,
Fairfield, CT 06431 General Electric Company
Edward D. Stewart General Electric Capital Corporation Executive Vice President, General
1600 Summer Street Electric Capital Corporation
Stamford, CT 06905
John F. Welch, Jr. General Electric Company Chairman and Chief Executive Officer,
3135 Easton Turnpike General Electric Company
Fairfield, CT 06431
Executive Officers
------------------
Dennis D. Dammerman General Electric Capital Services, Inc. Vice Chairman and Executive Officer,
3135 Easton Turnpike General Electric Company; Chairman and
Fairfield, CT 06431 Chief Executive Officer, General
Electric Capital Services, Inc.
Kaj Ahlmann Employers Executive Vice President, General
Reinsurance Corp. Electric Capital Services, Inc.,
5200 Metcalf President and Chief Operating Officer,
Overland Park, KS 66201 Employers Reinsurance Corp.
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President
260 Long Ridge Road See Schedule II.
Stamford, CT 06927
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer
260 Long Ridge Road See Schedule II.
Stamford, CT 06927
Michael A. Neal General Electric Capital Corporation Executive Vice President
260 Long Ridge Road See Schedule II.
Stamford, CT 06927
Edward D. Stewart General Electric Capital Corporation Executive Vice President
1600 Summer Street See Schedule II.
Stamford, CT 06905
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer
Stamford, CT 06927 See Schedule II.
32
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
---- ------- ----------
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary
Stamford, CT 06927 See Schedule II.
James A. Colica General Electric Capital Corporation Senior Vice President, Global Risk
260 Long Ridge Road Management
Stamford, CT 06927 See Schedule II.
Richard D'Avino General Electric Capital Corporation Senior Vice President, Taxes
777 Long Ridge Road See Schedule II.
Stamford, CT 06927
Lawrence J. Toole General Electric Capital Corporation Senior Vice President, Human Resources
260 Long Ridge Road See Schedule II.
Stamford, CT 06927
Jeffrey S. Werner General Electric Capital Corporation Senior Vice President, Corporate
201 High Ridge Road Treasury and Global Funding Operation
Stamford, CT 06927 See Schedule II.
</TABLE>
33
<PAGE>
SCHEDULE IV TO SCHEDULE 13D
Filed by General Electric Capital Assurance Company
GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
- ---------
J.I. Cash, Jr. Harvard Business School Professor of Business
Baker Library 187 Administration-Graduate School of
Soldiers Field Business Administration, Harvard
Boston, MA 02163 University
S.S. Cathcart 222 Wisconsin Avenue Retired Chairman, Illinois
Suite 103 Tool Works
Lake Forest, IL 60045
D.D. Dammerman General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company; Chairman and Chief Executive
Officer, General Electric Capital
Services, Inc.
P. Fresco Fiat SpA Chairman of the Board, Fiat SpA
via Nizza 250
10126 Torino, Italy
C.X. Gonzalez Kimberly-Clark de Mexico, Chairman of the Board and Chief
S.A. de C.V. Executive Officer, Kimberly-Clark de
Jose Luis Lagrange 103, Tercero Piso Mexico, S.A. de C.V.
Colonia Los Morales
Mexico, D.F. 11510, Mexico
Andrea Jung Avon Products, Inc. President and Chief Operating Officer,
1345 Avenue of the Americas Avon Products, Inc.
New York, NY 10105
K.G. Langone Invemed Associates, Inc. Chairman, President and Chief Executive
375 Park Avenue Officer, Invemed Associates, Inc.
New York, NY 10152
G.G. Michelson Federated Department Stores Former Member of the Board of
151 West 34th Street Directors, Federated Department Stores
New York, NY 10001
E.F. Murphy General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company
34
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
S. Nunn King & Spalding Partner, King & Spalding
191 Peachtree Street, N.E.
Atlanta, GA 30303
J.D. Opie General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company
R.S. Penske Penske Corporation Chairman of the Board and President,
13400 Outer Drive, West Penske Corporation
Detroit, MI 48239-4001
F.H.T. Rhodes Cornell University President Emeritus, Cornell University
3104 Snee Building
Ithaca, NY 14853
A.C. Sigler Champion International Corporation Retired Chairman of the Board and CEO
1 Champion Plaza and former Director, Champion
Stamford, CT 06921 International Corporation
D.A. Warner III J.P. Morgan & Co., Inc. and Morgan Chairman of the Board, President, and
Guaranty Trust Co. Chief Executive Officer, J.P. Morgan &
60 Wall Street Co. Incorporated and Morgan Guaranty
New York, NY 10260 Trust Company
J.F. Welch, Jr. General Electric Company Chairman of the Board and Chief
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company
Executive Officers
- ------------------
J.F. Welch, Jr. General Electric Company Chairman of the Board and Chief
3135 Easton Turnpike Executive Officer
Fairfield, CT 06431
P.D. Ameen General Electric Company Vice President and Comptroller
3135 Easton Turnpike
Fairfield, CT 06431
J.R. Bunt General Electric Company Vice President and Treasurer
3135 Easton Turnpike
Fairfield, CT 06431
D.L. Calhoun General Electric Company Senior Vice President -
Nela Park GE Lighting
Cleveland, OH 44122
W.J. Conaty General Electric Company Senior Vice President - Human Resources
3135 Easton Turnpike
Fairfield, CT 06431
D.M. Cote General Electric Company Senior Vice President -
3135 Easton Turnpike GE Appliances
Fairfield, CT 06431
35
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
D.D. Dammerman General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company; Chairman and Chief Executive
Officer, General Electric Capital
Services, Inc.
L.S. Edelheit General Electric Company Senior Vice President - Corporate
P.O. Box 8 Research and Development
Schenectady, NY 12301
B.W. Heineman, Jr. General Electric Company Senior Vice President - General Counsel
3135 Easton Turnpike and Secretary
Fairfield, CT 06431
J.R. Immelt General Electric Company Senior Vice President -
P.O. Box 414 GE Medical Systems
Milwaukee, WI 53201
G.S. Malm General Electric Company Senior Vice President -
3135 Easton Turnpike Asia
Fairfield, CT 06431
W.J. McNerney, Jr. General Electric Company Senior Vice President -
1 Neumann Way GE Aircraft Engines
Cincinnati, OH 05215
E.F. Murphy General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer
Fairfield, CT 06431
R.L. Nardelli General Electric Company Senior Vice President -
1 River Road GE Power Systems
Schenectady, NY 12345
R.W. Nelson General Electric Company Vice President - Corporate Financial
3135 Easton Turnpike Planning and Analysis
Fairfield, CT 06431
J.D. Opie General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer
Fairfield, CT 06431
G.M. Reiner General Electric Company Senior Vice President - Chief
3135 Easton Turnpike Information Officer
Fairfield, CT 06431
J.G. Rice General Electric Company Vice President -
2901 East Lake Road GE Transportation Systems
Erie, PA 16531
G.L. Rogers General Electric Company Senior Vice President -
1 Plastics Avenue GE Plastics
Pittsfield, MA 01201
K.S. Sherin General Electric Company Senior Vice President -
3135 Easton Turnpike Finance and Chief Financial Officer
Fairfield, CT 06431
36
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
L.G. Trotter General Electric Company Senior Vice President -
41 Woodward Avenue GE Industrial Systems
Plainville, CT 06062
</TABLE>
37
<PAGE>
SCHEDULE V TO SCHEDULE 13D
Filed by GNA Corporation
GNA CORPORATION
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
- ---------
Senior Vice President,
Michael D. Fraizer 6604 West Broad Street Insurance/Investment Products,
Richmond, VA 23230 General Electric Capital Corporation
Leon E. Roday 6604 West Broad Street Senior Vice President, General
Richmond, VA 23230 Counsel and Secretary
Geoffrey S. Stiff 6630 West Broad Street Senior Vice President
Richmond, VA 23230
Officers
- --------
Michael D. Fraizer 6604 West Broad Street Chairman of the Board, President and
Richmond, VA 23230 Chief Executive Officer
See above
Ronald V. Dolan 700 Main Street Executive Vice President
Lynchburg, VA 24504
Marcia Cantor-Grable 6604 West Broad Street Senior Vice President
Richmond, VA 23230
Thomas W. Casey 6604 West Broad Street Senior Vice President and Chief
Richmond, VA 23230 Financial Officer
Michael J. Cosgrove 777 Long Ridge Road Senior Vice President
Stamford, CT 06927
Debora D. Horvath 6604 West Broad Street Senior Vice President
Richmond, VA 23230
Robert B. Jones 777 Long Ridge Road Senior Vice President
Stamford, CT 06927
Michael S. Laming 6604 West Broad Street Senior Vice President
Richmond, VA 23230
Clifford A. Lange 6604 West Broad Street Senior Vice President and Chief
Richmond, VA 23230 Actuary
Peter M. Mayer 6604 West Broad Street Senior Vice President
Richmond, VA 23230
38
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Victor C. Moses 601 Union Street Senior Vice President
Seattle, WA 98101
Thomas K. Otte Av. Prolongacian, Senior Vice President
490 3er Piso
Mexico, D1210
A. Louis Parker 7125 West Jefferson Avenue, #200 Senior Vice President
Lakewood, CO 80235
Joseph J. Pehota 777 Long Ridge Road Senior Vice President
Stamford, CT 06927
Ray M. Perisho 4850 Street Road Senior Vice President
Trevose, PA 19049
Leon E. Roday 6604 West Broad Street Senior Vice President, General
Richmond, VA 23230 Counsel and Secretary
Pamela S. Schutz 6610 West Broad Street Senior Vice President
Richmond, VA 23230
Thomas A. Skiff 1650 Los Gamos Drive Senior Vice President
San Rafael, CA 94903
Geoffrey S. Stiff 6630 West Broad Street Senior Vice President
Richmond, VA 23230
Deborah C. Towner 601 Union Street Senior Vice President and Chief
Seattle, WA 98101 Mortgage Investment Officer
JoAn Walter-Toney 6604 West Broad Street Senior Vice President
Richmond, VA 23230
Jeffrey S. Werner 777 Long Ridge Road Senior Vice President and Treasurer
Stamford, CT 06927
Henry H. Wulsin 2650 Audubon Road Senior Vice President
Valley Forge, PA 19403
Mark S. Barber 777 Long Ridge Road Vice President and Assistant Treasurer
Stamford, CT 06927
Ward E. Bobitz 6604 West Broad Street Vice President, Senior Counsel and
Richmond, VA 23230 Assistant Secretary
Stephen N. DeVos 6604 West Broad Street Vice President and Controller
Richmond, VA 23230
James Tremante 777 Long Ridge Road Vice President and Assistant Treasurer
Stamford, CT 06927
Beth Wortman 6604 West Broad Street Vice President and Senior Counsel
Richmond, VA 23230
Scott P.F. Cameron 4315 Metro Parkway Assistant Secretary
Ft. Myers, FL 33916
Glen J. Goggins 777 Long Ridge Road Assistant Secretary
Stamford, CT 06927
David H. McMahon 700 Main Street Assistant Secretary
Lynchburg, VA 24504
39
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Shelley M. Sullivan 6604 West Broad Street Assistant Secretary
Richmond, VA 23230
John Amato 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
Joseph T. Cassidy 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
Joseph E. Cook 601 Union Street Assistant Treasurer
Seattle, WA 98101
Brenda Daglish 6604 West Broad Street Assistant Treasurer
Richmond, VA 23230
Donna M. Fiammetta 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
Jeffrey I. Hugunin 6604 West Broad Street Assistant Treasurer
Richmond, VA 23230
Jeffrey L. Hyde 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
Sandra A. Jones 6604 West Broad Street Assistant Treasurer
Richmond, VA 23230
Kenneth E. Kempson 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
</TABLE>
40
<PAGE>
SCHEDULE VI TO SCHEDULE 13D
Filed by GE Financial Assurance Holdings, Inc.
GE FINANCIAL ASSURANCE HOLDINGS, INC.
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
- ---------
Michael D. Fraizer 6604 West Broad Street Senior Vice President,
Richmond, VA 23230 Insurance/Investment
Products, General Electric
Capital Corporation
Leon E. Roday 6604 West Broad Street Senior Vice President,
Richmond, VA 23230 General Counsel and
Secretary
Geoffrey S. Stiff 6630 West Broad Street President and Chief
Richmond, VA 23230 Executive Officer
Officers
- --------
Geoffrey S. Stiff 6630 West Broad Street President and Chief
Richmond, VA 23230 Executive Officer
Thomas W. Casey 6604 West Broad Street Senior Vice President and
Richmond, VA 23230 Chief Financial Officer
Victor C. Moses 601 Union Street Senior Vice President,
Seattle, WA 98101 Business Development
Leon E. Roday 6604 West Broad Street Senior Vice President,
Richmond, VA 23230 General Counsel and
Secretary
Ward E. Bobitz 6604 West Broad Street Vice President and
Richmond, VA 23230 Assistant Secretary
Stephen N. DeVos 6604 West Broad Street Vice President and
Richmond, VA 23230 Controller
Michael J. Furney 6604 West Broad Street Assistant Vice President
Richmond, VA 23230 and Associate Counsel
Brian T. McAnaney 260 Long Ridge Road Assistant Secretary
Stamford, CT 06927
Shelley M. Sullivan 6604 West Broad Street Assistant Secretary
Richmond, VA 23230
John Amato 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
Joseph T. Cassidy 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
41
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Joseph E. Cook 601 Union Street Assistant Treasurer
Seattle, WA 98101
Brenda Daglish 6604 West Broad Street Assistant Secretary
Richmond, VA 23230
Donna M. Fiammetta 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
Jeffrey I. Hugunin 6604 West Broad Street Assistant Secretary
Richmond, VA 23230
Jeffrey L. Hyde 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
Sandra A. Jones 6604 West Broad Street Assistant Secretary
Richmond, VA 23230
Kenneth E. Kempson 777 Long Ridge Road Assistant Treasurer
Stamford, CT 06927
</TABLE>
42
<PAGE>
SCHEDULE VII TO SCHEDULE 13D
Filed by General Electric Investment Corporation
GENERAL ELECTRIC INVESTMENT CORPORATION
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
- ---------
John H. Myers 3003 Summer Street Chairman of the Board and President
Stamford, CT 06904
Eugene K. Bolton 3003 Summer Street Executive Vice President-Domestic
Stamford, CT 06904 Equity Investments
Michael J. Cosgrove 3003 Summer Street Executive Vice President-Mutual Funds
Stamford, CT 06904
John J. Walker 3003 Summer Street Executive Vice President-Chief
Stamford, CT 06904 Financial Officer
Ralph R. Layman 3003 Summer Street Executive Vice President-International
Stamford, CT 06904 Equity Investments
Alan M. Lewis 3003 Summer Street Executive Vice President, General
Stamford, CT 06904 Counsel and Secretary
Robert A. MacDougall 3003 Summer Street Executive Vice President-Fixed Income
Stamford, CT 06904
Geoffrey R. Norman 3003 Summer Street Executive Vice President-Institutional
Stamford, CT 06904 Marketing
Donald W. Torey 3003 Summer Street Executive Vice President-Real Estate
Stamford, CT 06904 and Private Equities
Officers
- --------
John H. Myers 3003 Summer Street Chairman of the Board and President
Stamford, CT 06904
Eugene K. Bolton 3003 Summer Street Executive Vice President-Domestic
Stamford, CT 06904 Equity Investments
Michael J. Cosgrove 3003 Summer Street Executive Vice President-Mutual Funds
Stamford, CT 06904
John J. Walker 3003 Summer Street Executive Vice President-Chief
Stamford, CT 06904 Financial Officer
Ralph R. Layman 3003 Summer Street Executive Vice President-International
Stamford, CT 06904 Equity Investments
43
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Alan M. Lewis 3003 Summer Street Executive Vice President, General
Stamford, CT 06904 Counsel and Secretary
Robert A. MacDougall 3003 Summer Street Executive Vice President-Fixed Income
Stamford, CT 06904
Geoffrey R. Norman 3003 Summer Street Executive Vice President-Institutional
Stamford, CT 06904 Marketing
Donald W. Torey 3003 Summer Street Executive Vice President-Real Estate
Stamford, CT 06904 and Private Equities
Peter J. Hathaway 3003 Summer Street Senior Vice President-Equity Portfolios
Stamford, CT 06904
Elaine G. Harris 3003 Summer Street Senior Vice President-Equity Portfolios
Stamford, CT 06904
Paul C. Reinhardt 3003 Summer Street Senior Vice President-Equity Portfolios
Stamford, CT 06904
Christopher W. Smith 3003 Summer Street Senior Vice President-Equity
Stamford, CT 06904 Investments
David B. Carlson 3003 Summer Street Senior Vice President-Equity Portfolios
Stamford, CT 06904
Christopher D. Brown 3003 Summer Street Senior Vice President-Equity Portfolios
Stamford, CT 06904
Richard L. Sanderson 3003 Summer Street Senior Vice President-Equity Research
Stamford, CT 06904
Robert R. Kaelin 3003 Summer Street Senior Vice President-Municipal Bonds
Stamford, CT 06904
Philip A. Riordan 3003 Summer Street Senior Vice President-Real Estate
Stamford, CT 06904
Judith A. Studer 3003 Summer Street Senior Vice President-International
Stamford, CT 06904 Equity Portfolios
Brian Hopkinson 3003 Summer Street Senior Vice President-International
Stamford, CT 06904 Equity Portfolios
Michael J. Caufield 3003 Summer Street Senior Vice President-Municipal Bonds
Stamford, CT 06904
James M. Mara 3003 Summer Street Senior Vice President-International
Stamford, CT 06904 Private Equities
Anthony J. Sirabella 3003 Summer Street Senior Vice President-Information
Stamford, CT 06904 Technology
Makoto F. Sumino 3003 Summer Street Vice President-International Equity
Stamford, CT 06904 Portfolios
Daniel J. Barker 3003 Summer Street Vice President-International Equity
Stamford, CT 06904 Portfolios
Michael J. Solecki 3003 Summer Street Vice President-International Equity
Stamford, CT 06904 Portfolios
44
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Daizo Motoyoshi 3003 Summer Street Vice President-International Equity
Stamford, CT 06904 Portfolios
Damian J. Maroun 3003 Summer Street Vice President-Equity Trading
Stamford, CT 06904
Gerald L. Igou 3003 Summer Street Vice President-Equity Investments
Stamford, CT 06904
Tara K. Holbrook 3003 Summer Street Vice President-Equity Investments
Stamford, CT 06904
Ralph E. Whitman 3003 Summer Street Vice President-Equity Investments
Stamford, CT 06904
Jane E. Hackney 3003 Summer Street Vice President-Equity Investments
Stamford, CT 06904
Mark A. Mitchell 3003 Summer Street Vice President-Equity Investments
Stamford, CT 06904
John H. Schaetzl 3003 Summer Street Vice President-Domestic Equities
Stamford, CT 06904
William R. Wright 3003 Summer Street Vice President-Fixed Income
Stamford, CT 06904
David J. Beck 3003 Summer Street Vice President-Fixed Income
Stamford, CT 06904
Robert W. Aufiero 3003 Summer Street Vice President-Fixed Income
Stamford, CT 06904
Kathleen S. Brooks 3003 Summer Street Vice President-Fixed Income
Stamford, CT 06904
William M. Healey 3003 Summer Street Vice President-Fixed Income
Stamford, CT 06904
T. Brent Jones 3003 Summer Street Vice President-Fixed Income
Stamford, CT 06904
Stella V. Lou 3003 Summer Street Vice President-Municipal Bonds
Stamford, CT 06904
Michael A. Sullivan 3003 Summer Street Vice President-Municipal Bonds
Stamford, CT 06904
Susan M. Courtney 3003 Summer Street Vice President-Municipal Bonds
Stamford, CT 06904
B. Bradford Barrett 3003 Summer Street Vice President-Real Estate
Stamford, CT 06904
Robert P. Gigliotti 3003 Summer Street Vice President-Real Estate
Stamford, CT 06904
Preston R. Sargent 3003 Summer Street Vice President-Real Estate
Stamford, CT 06904
David W. Wiederecht 3003 Summer Street Vice President-Private Equities
Stamford, CT 06904
45
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Wolfe H. Bragin 3003 Summer Street Vice President-Private Equities
Stamford, CT 06904
Andreas T. Hildebrand 3003 Summer Street Vice President-Private Equities
Stamford, CT 06904
Anthony J. Mariani 3003 Summer Street Vice President-Private Equities
Stamford, CT 06904
Patrick J. McNeela 3003 Summer Street Vice President-Private Equities
Stamford, CT 06904
Marc R. Bryant 3003 Summer Street Vice President-Assoc. Gen. Counsel and
Stamford, CT 06904 Asst. Secretary
Jeanne M. La Porta 3003 Summer Street Vice President-Assoc. Gen. Counsel and
Stamford, CT 06904 Asst. Secretary
Michael M. Pastore 3003 Summer Street Vice President-Assoc. Gen. Counsel and
Stamford, CT 06904 Asst. Secretary
Scott A. Silberstein 3003 Summer Street Vice President-Assoc. Gen. Counsel and
Stamford, CT 06904 Asst. Secretary
Matthew J. Simpson 3003 Summer Street Vice President-Assoc. Gen. Counsel and
Stamford, CT 06904 Asst. Secretary
Michael J. Strone 3003 Summer Street Vice President-Assoc. Gen. Counsel and
Stamford, CT 06904 Asst. Secretary
Robert J. Zalucki 3003 Summer Street Vice President-Tax Counsel
Stamford, CT 06904
</TABLE>
46
<PAGE>
SCHEDULE VIII TO SCHEDULE 13D
Filed by General Electric Company
GENERAL ELECTRIC COMPANY
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
- ---------
D.W. Calloway Pepsico, Inc. Retired Director and Chairman of the
700 Anderson Hill Road Board, Pepsico, Inc.
Purchase, NY 10577
J.I. Cash, Jr. Harvard Business School Professor of Business
Baker Library 187 Administration-Graduate School of
Soldiers Field Business Administration, Harvard
Boston, MA 02163 University
S.S. Cathcart 222 Wisconsin Avenue Director and Retired Chairman, Illinois
Suite 103 Tool Works
Lake Forest, IL 60045
D.D. Dammerman General Electric Company Senior Vice President-Finance, General
3135 Easton Turnpike Electric Company
Fairfield, CT 06431
P. Fresco General Electric Company (U.S.A.) Vice Chairman of the Board and Executive
3 Shortlands, Officer, General Electric Company
Hammersmith
London, W6 SBX,
England
C.X. Gonzalez Kimberly-Clark de Mexico, Chairman of the Board and Chief
S.A. de C.V. Executive Officer,
Jose Luis Lagrange Kimberly-Clark de Mexico,
103, Tercero Piso S.A. de C.V.
Colonia Los Morales
Mexico, D.F. 11510,
Mexico
G.G. Michelson Federated Department Stores Former Member of the Board of Directors,
151 West 34th Street Federated Department Stores
New York, NY 10001
E.F. Murphy General Electric Company Vice Chairman of the Board and Executive
3135 Easton Turnpike Officer, General Electric Company
Fairfield, CT 06431
47
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
S. Nunn King & Spalding Partner, King & Spalding
191 Peachtree Street, N.E.
Atlanta, GA 30303
J.D. Opie General Electric Company Vice Chairman of the Board and Executive
3135 Easton Turnpike Officer, General Electric Company
Fairfield, CT 06431
R.S. Penske Penske Corporation Chairman of the Board and President,
13400 Outer Drive, West Penske Corporation
Detroit, MI 48239-4001
B.S. Prelskel Suite 3125 Former Senior Vice President, Motion
60 East 42nd Street Picture Association of America
New York, NY 10165
F.H.T. Rhodes Cornell University President Emeritus,
3104 Snee Building Cornell University
Ithaca, NY 14853
A.C. Sigler Champion International Corporation Retired Chairman of the Board, CEO and
1 Champion Plaza former Director, Champion International
Stamford, CT 06921 Corporation
D.A. Warner III J.P. Morgan & Co., Inc. and Guaranty Trust Chairman of the Board, President, and
Co. Chief Executive Officer, J.P. Morgan &
60 Wall Street Co. Incorporated and Morgan Guaranty
New York, NY 10260 Trust Company
J.F. Welch, Jr. General Electric Company Chairman of the Board and Chief
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company
Executive Officers
- ------------------
J.F. Welch, Jr. General Electric Company Chairman of the Board and Chief
3135 Easton Turnpike Executive Officer
Fairfield, CT 06431
P. Fresco General Electric Company Vice Chairman of the Board and Executive
(U.S.A.) Officer
3 Shortlands, Hammersmith
London, W6 SBX, England
P.D. Ameen General Electric Company Vice President and Comptroller
3135 Easton Turnpike
Fairfield, CT 06431
J.R. Bunt General Electric Company Vice President and Treasurer
3135 Easton Turnpike
Fairfield, CT 06431
48
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
D.L. Calhoun General Electric Company Senior Vice President -
Nela Park GE Lighting
Cleveland, OH 44122
W.J. Conaty General Electric Company Senior Vice President - Human Resources
3135 Easton Turnpike
Fairfield, CT 06431
D.M. Cote General Electric Company Senior Vice President - GE Appliances
3135 Easton Turnpike
Fairfield, CT 06431
D.D. Dammerman General Electric Company Senior Vice President - Finance
3135 Easton Turnpike
Fairfield, CT 06431
L.S. Edelheit General Electric Company Senior Vice President - Corporate
P.O. Box 8 Research and Development
Schenectady, NY 12301
B.W. Heineman, Jr. General Electric Company Senior Vice President - General Counsel
3135 Easton Turnpike and Secretary
Fairfield, CT 06431
J.R. Immelt General Electric Company Senior Vice President - GE Medical
P.O. Box 414 Systems
Milwaukee, WI 53201
W.J. Lansing General Electric Company Vice President - Corporate Business
3135 Easton Turnpike Development
Fairfield, CT 06431
W.J. McNerney, Jr. General Electric Company Senior Vice President - GE Aircraft
1 Neumann Way Engines
Cincinnati, OH 05215
E.F. Murphy General Electric Company Vice Chairman of the Board and Executive
3135 Easton Turnpike Officer
Fairfield, CT 06431
R.L. Nardelli General Electric Company Senior Vice President - GE Power Systems
1 River Road
Schenectady, NY 12345
R.W. Nelson General Electric Company Vice President - Corporate Financial
3135 Easton Turnpike Planning and Analysis
Fairfield, CT 06431
J.D. Opie General Electric Company Vice Chairman of the Board and Executive
3135 Easton Turnpike Officer
Fairfield, CT 06431
G.M. Reiner General Electric Company Senior Vice President - Chief Information
3135 Easton Turnpike Officer
Fairfield, CT 06431
49
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
G.L. Rogers General Electric Company Senior Vice President - GE Plastics
1 Plastics Avenue
Pittsfield, MA 01201
J.W. Rogers General Electric Company Vice President - GE Motors
1635 Broadway
Fort Wayne, IN 46801
L.G. Trotter General Electric Company Vice President - GE Electrical
41 Woodward Avenue Distribution and Control
Plainville, CT 06062
</TABLE>
50
<PAGE>
SCHEDULE IX TO SCHEDULE 13D
Filed by Trustees of General Electric Pension Trust
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
TRUSTEES
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Trustees
- --------
Eugene K. Bolton 3003 Summer Street Trustee of General Electric
Stamford, CT 06904 Pension Trust and Executive
Vice President of General Electric
Investment Corporation and GE
Investment Management Incorporated
Michael J. Cosgrove 3003 Summer Street Trustee of General Electric
Stamford, CT 06904 Pension Trust and Executive
Vice President of General Electric
Investment Corporation and GE
Investment Management Incorporated
John J. Walker 3003 Summer Street Trustee of General Electric
Stamford, CT 06904 Pension Trust and
Executive Vice President and
Chief Financial Officer of
General Electric Investment Corporation
Alan M. Lewis 3003 Summer Street Trustee of General Electric
Stamford, CT 06904 Pension Trust and Executive Vice
President of General Electric
Investment Corporation and GE
Investment Management Incorporated
John H. Myers 3003 Summer Street Trustee of General Electric
Stamford, CT 06904 Pension Trust and Executive Vice
President of General Electric
Investment Corporation and GE
Investment Management Incorporated
Don W. Torey 3003 Summer Street Trustee of General Electric Pension
Stamford, CT 06904 Trust and Executive Vice President
and Treasurer of General Electric
Investment Corporation and GE
Investment Management Incorporated
</TABLE>
51
<PAGE>
SCHEDULE X TO SCHEDULE 13D
Her Majesty's Inspectorate of Pollution V. IGE Medical Systems
Limited (St. Albans Magistrates Court, St. Albans, Hersfordshire, England, Case
No. 04/00320181).
In April, 1994, General Electric Medical System's U.K.
subsidiary, IGE Medical Systems Limited ("IGEMS") discovered the loss of a
radioactive barium source at the Radlett, England, facility. The lost source,
used to calibrate nuclear camera detectors, emits a very low level of radiation.
IGEMS immediately reported the loss as required by the U.K. Radioactive
Substances Act. An ensuing investigation, conducted in cooperation with
government authorities, failed to locate the source. On July 21, 1994, Her
Majesty's Inspectorate of Pollution ("HMIP") charged IGEMS with violating the
Radioactive Substances Act by failing to comply with a condition of
registration. The Act provides that a registrant like IGEMS, which "does not
comply with a limitation or condition subject to which (it) is so registered ...
shall be guilty of (a criminal) offense." Condition 7 of IGEMS' registration
states that it "shall so far as is reasonably practicable prevent ... loss of
any registered source."
At the beginning of trial on February 24, 1995, IGEMS entered
a guilty plea and agreed to pay a fine of (pound)5,000 and assessed costs of
(pound)5,754. The prosecutor's presentation focused primarily on the 1991 change
in internal IGEMS procedures and, in particular, the source logging procedure.
The prosecutor complimented IGEMS' investigation and efforts to locate the
source and advised the court that IGEMS had no previous violations of the
Radioactive Substances Act. He also told the court that the Radlett plant had
been highlighted as an exemplary facility to HMIP inspectors as part of their
training. In mitigation, IGEMS emphasized the significant infrastructure and
expense undertaken by IGEMS to provide security for radiation sources and the
significant effort and expense incurred in attempting to locate the missing
source.
52
<PAGE>
EXHIBIT INDEX
Exhibit No.
Exhibit 1 Warrant Agreement between the Company and GE Capital, dated
December 23, 1997 (incorporated by reference from Exhibit
10.43 to the Company's Registration Statement on Form S-1
(No. 333-71937) (the "Company's Form S-1")).
Exhibit 2 Warrant Agreement between the Company and GE Capital, dated
November 3, 1998 (incorporated by reference from Exhibit
10.49 to the Company's Form S-1).
Exhibit 3 Warrant Agreement between the Company and GECEII, dated
April 7, 1999 (incorporated by reference from Exhibit 10.57
to the Company's Form S-1).
Exhibit 4 Warrant Agreement between the Company and GECEII, dated June
8, 1999 (incorporated by reference from Exhibit 10.60 to the
Company's Form S-1).
Exhibit 5(a) Agreement to be Bound to the Registration Rights Agreement
by and between the Company and GE Capital, dated as of
December 23, 1997.
Exhibit 5(b) Agreement to be Bound to the Registration Rights Agreement
by and among the Company, GECEII and GEPT, dated as of June
8, 1999.
Exhibit 6 Registration Rights Agreement dated April 30, 1996
(incorporated by reference from Exhibit 10.53 to the
Company's Form S-1).
Exhibit 7(a) Agreement to be Bound to the Stockholders' Agreement by GEPT
dated as of June 8, 1999.
Exhibit 7(b) Agreement to be Bound to the Stockholders' Agreement by
GECEII dated as of June 8, 1999.
Exhibit 8 Third Amended and Restated Stockholders' Agreement by and
among the Company, GE Capital, GECEII and certain existing
stockholders of the Company, dated as of June 8, 1999
(incorporated by reference from Exhibit 4.7 to the Company's
Form S-1).
Exhibit 9 Joint Filing Agreement by and among GE, GECS, GE Capital,
GECEII, GECAC, GEIC, GEPT, GNA and GFAH, dated June 17,
1999.
53
Exhibit 5(a)
AGREEMENT TO BE BOUND TO THE REGISTRATION RIGHTS AGREEMENT
THIS AGREEMENT TO BE BOUND TO THE REGISTRATION RIGHTS
AGREEMENT (the "Agreement"), dated as of December 23, 1997, between IXL
HOLDINGS, INC., a Delaware corporation (the "Company"), and Kelso Investment
Associates V, L.P., a Delaware limited partnership ("Majority Shareholder"), and
General Electric Capital Corporation (the "Investor").
RECITALS
A. The Company has entered into a Registration Rights
Agreement, dated as of April 30, 1996 among the Company and certain other
parties, a copy of which is attached hereto and incorporated herein as Exhibit A
(the "Registration Rights Agreement"), which addresses the registration of
Registrable Securities.
B. The Company has agreed to issue to the Investor
contemporaneously herewith (i) an aggregate of 15,384 shares of validly issued,
fully paid and nonassessable Class B Convertible Preferred Stock of the Company,
$.0l par value ("Class B Preferred Stock"), valued at $325.00 per share as of
the date hereof, and (ii) warrants evidencing the right to purchase 1,775 shares
of Class B Preferred Stock.
C. The Company and the Investor desire to make the Investor a
party to the Registration Rights Agreement.
In consideration of the parties entering into the agreements
and carrying out the transactions described in the Registration Rights
Agreement, and for other good and valuable consideration, the parties agree as
follows:
1. Agreement by the Investor. The Investor hereby accepts and
agrees to be bound by all of the terms and conditions of the Registration Rights
Agreement, as if the Investor was an original party thereto. The Investor
further covenants and agrees that the Investor will comply with all of the terms
and conditions of the Registration Rights Agreement, as if the Investor was an
original party thereto.
<PAGE>
2. Agreement by the Company. The Company hereby accepts the
Investor as party to the Registration Rights Agreement as if the Investor was an
original party thereto. The Company further covenants and agrees that it will
treat the Investor as if it were an original party to the Registration Rights
Agreement, affording the Investor all applicable rights and privileges
thereunder. The Company represents and warrants that the Registration Rights
Agreement attached hereto as Exhibit A is a true and correct copy of the
Registration Rights Agreement.
3. Consent by Majority Shareholder. The Majority Shareholder
hereby consents to this Agreement to be Bound to Registration Rights Agreement.
4. The Investor Deemed a Party. The Investor is hereby deemed
to be a party to the Registration Rights Agreement as if originally named
therein.
5. Definitions. Unless otherwise indicated, each capitalized
term used herein shall have the meaning specified in the Registration Rights
Agreement.
[SIGNATURES APPEAR ON FOLLOWING PAGE]
2
<PAGE>
IN WITNESS WHEREOF, this Agreement has been duly executed by
the parties set forth below as of the date first written above.
IXL HOLDINGS, INC.
By: /s/ James V. Sandry
----------------------------------------
Title: Executive Vice President
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Tony J. Pantuso
----------------------------------------
Title: Department Operations Manager
Agreed and consented to this 23rd day of December, 1997:
KELSO INVESTMENT ASSOCIATES V, L.P.
By: KELSO PARTNERS V, L.P.
as its General Partner
By: /s/ George E. Matelich
----------------------------------------
General Partner
3
Exhibit 5(b)
AGREEMENT TO BE BOUND TO THE REGISTRATION RIGHTS AGREEMENT
THIS AGREEMENT TO BE BOUND TO THE REGISTRATION RIGHTS
AGREEMENT, dated as of June 8, 1999, is by and between iXL ENTERPRISES, INC., a
Delaware corporation (the "Company"), and the Investors (as hereinafter
defined).
RECITALS
A. The Company has entered into a Registration Rights
Agreement, dated as of April 30, 1996, among the Company and certain other
parties (the "Registration Rights Agreement"), which addresses the registration
of Registrable Securities.
B. The Company has agreed to issue, contemporaneously
herewith, an aggregate of 2,000,000 shares of validly issued, fully paid and
nonassessable Common Stock of the Company, $.0l par value (the "iXL Stock"), to
the investors listed on the signature page hereto (the "Investors"), pursuant to
a Securities Purchase Agreement of even date herewith (the "Purchase Agreement")
by and among the Company and the Investors, and an aggregate of 2,500,000
warrants to purchase iXL Stock, pursuant to separate Warrant Agreements, each
between the Company and the Investors.
C. The Company and the Investors desire to make each such
Investor a party to the Registration Rights Agreement.
In consideration of the parties entering into the agreements
and carrying out the transactions described in the Registration Rights
Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Agreement by the Investors. Each of the Investors
acknowledges receipt of, and having read, a copy of the Registration Rights
Agreement, which is incorporated herein by reference. Each such Investor hereby
accepts and agrees to be bound by, and further covenants and agrees that he or
she will comply with, all of the terms and conditions of the Registration Rights
Agreement (as it may be amended from time to time), as if he or she were an
original party thereto.
<PAGE>
2. Agreement by the Company. The Company hereby accepts the
Investors as parties to the Registration Rights Agreement as if such Investors
were original parties. The Company further covenants and agrees that it will
treat such Investors as if they were original parties to the Registration Rights
Agreement, affording such Investors all applicable rights and privileges
thereunder. The Company agrees that the iXL Stock is and all iXL Stock issued
upon exercise of the Warrants will be Registrable Securities within the meaning
of the Registration Rights Agreement.
3. Investors Deemed Parties. The Investors are hereby deemed
to be parties to the Registration Rights Agreement as if originally named
therein.
4. Definitions. Unless otherwise indicated, each capitalized
term used herein shall have the meaning specified in the Registration Rights
Agreement.
[SIGNATURES APPEAR ON FOLLOWING PAGE]
2
<PAGE>
IN WITNESS WHEREOF, the parties have caused this Agreement to
be executed and delivered as of the date first above written.
iXL ENTERPRISES, INC.
By: /s/ M. Wayne Boylston
----------------------------------------
Name: M. Wayne Boylston
Title: Chief Financial Officer
INVESTORS
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Jeffrey H. Coats
----------------------------------------
Name: Jeffrey H. Coats
Title: Managing Director
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment Corporation,
its investment manager
By: /s/ Michael M. Pastore
----------------------------------------
Name: Michael M. Pastore
Title: Vice President
3
Exhibit 7(a)
AGREEMENT TO BE BOUND TO STOCKHOLDERS' AGREEMENT
The undersigned hereby joins in and signifies adoption of and agrees
to be bound, as an Outside Investor, by the terms and conditions of the Second
Amended and Restated Stockholders' Agreement of iXL Enterprises, Inc. (the
"Company"), dated December 17, 1997, as the same may be amended from time to
time (the "Stockholders Agreement"), and authorizes the attachment of this
signature page to a duplicate original of the Stockholders Agreement.
The undersigned acknowledges receipt of a copy of the Stockholders
Agreement and all amendments thereto. The undersigned acknowledges that it has
read the Stockholders Agreement and all amendments thereto and understands that
by signing this document, the undersigned shall thereby assume all of the duties
and obligations of a Stockholder thereunder.
Capitalized terms herein have the meanings set forth in the
Stockholders Agreement.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed and delivered as of June 8, 1999.
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment Corporation, its
investment manager
By: /s/ Michael M. Pastore
--------------------------------------------
Michael M. Pastore, Vice President
Number of Shares of Common Stock Held: 500,000
Exhibit 7(b)
AGREEMENT TO BE BOUND TO STOCKHOLDERS' AGREEMENT
The undersigned hereby joins in and signifies adoption of and agrees
to be bound, as an Outside Investor, by the terms and conditions of the Second
Amended and Restated Stockholders' Agreement of iXL Enterprises, Inc. (the
"Company"), dated December 17, 1997, as the same may be amended from time to
time (the "Stockholders Agreement"), and authorizes the attachment of this
signature page to a duplicate original of the Stockholders Agreement.
The undersigned acknowledges receipt of a copy of the Stockholders
Agreement and all amendments thereto. The undersigned acknowledges that it has
read the Stockholders Agreement and all amendments thereto and understands that
by signing this document, the undersigned shall thereby assume all of the duties
and obligations of a Stockholder thereunder.
Capitalized terms herein have the meanings set forth in the
Stockholders Agreement.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed and delivered as of June 8, 1999.
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Jeffrey H. Coats
-----------------------------------
Title: Managing Director
Address: 120 Long Ridge Road
Stamford, CT 069227
Number of Shares of Common Stock Held:
1,500,000
Exhibit 9
JOINT FILING AGREEMENT
This will confirm the agreement by and among all the
undersigned that the Schedule 13D filed on or about this date and any amendments
thereto with respect to beneficial ownership by the undersigned of shares of the
Common Stock, par value $.01 per share, of iXL Enterprises, Inc. is being filed
on behalf of each of the undersigned in accordance with Rule 13d-1(f)(1) under
the Securities Exchange Act of 1934. This agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated: June 17, 1999
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Victor F. Guaglianone
---------------------------------------
Victor F. Guaglianone, Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Paul J. Licursi *
---------------------------------------
Paul J. Licursi, Attorney-in-Fact
GENERAL ELECTRIC COMPANY
By: /s/ Paul J. Licursi *
---------------------------------------
Paul J. Licursi, Attorney-in-Fact
* Powers of attorney, each dated as of April 30, 1998, by General Electric
Capital Services, Inc. and General Electric Company, respectively, are
hereby incorporated by reference to Schedule 13D for Telescan, Inc., filed
January 25, 1999 by GE Capital Equity Investments, Inc.
<PAGE>
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Paul J. Licursi
---------------------------------------
Paul J. Licursi, Vice President
GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY
By: /s/ Leon E. Roday
---------------------------------------
Leon E. Roday, Executive Vice President
and General Counsel
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment Corporation,
its Investment Manager
By: /s/ Michael M. Pastore
---------------------------------------
Michael M. Pastore, Vice President
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
---------------------------------------
Michael M. Pastore, Vice President
2
<PAGE>
GNA CORPORATION
By: /s/ Leon E. Roday
---------------------------------------
Leon E. Roday, Executive Vice President,
General Counsel and Secretary
GE FINANCIAL ASSURANCE HOLDINGS, INC.
By: /s/ Leon E. Roday
---------------------------------------
Leon E. Roday, Executive Vice President,
General Counsel and Secretary
3
