SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
================================================================================
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No.__)(1)
AVITAR, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
053801106
(Cusip Number)
Joseph Rotella
GIN99, LLC
c/o Clifford Chance Rogers & Wells LLP
200 Park Avenue
New York, NY 10166
(212) 878-8000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
John D. Dadakis
Clifford Chance Rogers & Wells LLP
200 Park Avenue
New York, NY 10166
(212) 878-8000
March 7, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. |_|
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 24 Pages)
- ----------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the act
(however, see the Notes).
<PAGE>
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CUSIP No. 053801106 13D Page 2 of 24 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
GIN99, LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
9,764,500
--------------------------------------------------------
NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY None
OWNED BY --------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON 9,764,500
WITH --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,764,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.85%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO
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CUSIP No. 053801106 13D Page 3 of 24 Pages
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
E-Commerce Investments Ltd.
- --------------------------------------------------------------------------------
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
BAHAMAS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY 9,764,500
OWNED BY --------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,764,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,764,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.85%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP No. 053801106 13D Page 4 of 24 Pages
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
E-Links Investments Ltd.
- --------------------------------------------------------------------------------
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
BAHAMAS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY 9,764,500
OWNED BY --------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,764,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,764,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.85%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP No. 053801106 13D Page 5 of 24 Pages
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
E-Sales Investments Ltd.
- --------------------------------------------------------------------------------
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
BAHAMAS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY 9,764,500
OWNED BY --------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,764,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,764,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.85%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
================================================================================
<PAGE>
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CUSIP No. 053801106 13D Page 6 of 24 Pages
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
E-Trade Investments Ltd.
- --------------------------------------------------------------------------------
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
BAHAMAS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY 9,764,500
OWNED BY --------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,764,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,764,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.85%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP No. 053801106 13D Page 7 of 24 Pages
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
E-Business Investments Ltd.
- --------------------------------------------------------------------------------
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
BAHAMAS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY 9,764,500
OWNED BY --------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,764,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,764,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.85%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
================================================================================
<PAGE>
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CUSIP No. 053801106 13D Page 8 of 24 Pages
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Lighthouse Capital Insurance Company
- --------------------------------------------------------------------------------
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
CAYMAN ISLANDS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8. SHARED VOTING POWER
UNITS
BENEFICIALLY 9,764,500
OWNED BY --------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,764,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,764,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.85%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IC
================================================================================
<PAGE>
Item 1. Security and Issuer
This Statement on Schedule 13D (this "Statement") relates to shares
of the common stock, $.01 par value per share (the "Common Stock"), of Avitar,
Inc., a Delaware corporation (the "Issuer"). The Issuer's principal executive
offices are located at 65 Dan Road, Canton, MA 02021.
Item 2. Identity and Background.
The names and business addresses of the persons filing this
Statement are: (i) GIN99, LLC, a Delaware limited liability company ("GIN99"),
which has offices at 200 Park Avenue, c/o Clifford Chance Rogers & Wells LLP,
New York, New York 10166; (ii) Lighthouse Capital Insurance Company, a Cayman
Islands Company, ("Lighthouse"), which has offices at Anderson Square,
Georgetown, Grand Cayman, Cayman Islands; (iii) E-Commerce Investments Ltd., a
Bahamas business corporation ("E-Commerce"), which has offices at c/o Leopold
Joseph (Bahamas) Limited, Third Floor, Euro Canadian Centre, Marlborough Street,
Nassau, Bahamas, (iv) E-Links Investments Ltd., a Bahamas business corporation
("E-Links"), which has offices at c/o Leopold Joseph (Bahamas) Limited, Third
Floor, Euro Canadian Centre, Marlborough Street, Nassau, Bahamas, (v) E-Sales
Investments Ltd., a Bahamas business corporation ("E-Sales"), which has offices
at c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian Centre,
Marlborough Street, Nassau, Bahamas, (vi) E-Trade Investments Ltd., a Bahamas
business corporation ("E-Trade"), which has offices at c/o Leopold Joseph
(Bahamas) Limited, Third Floor, Euro Canadian Centre, Marlborough Street,
Nassau, Bahamas, and (vii) E-Business Investments Ltd., a Bahamas business
corporation ("E-Business"), which has offices at c/o Leopold Joseph (Bahamas)
Limited, Third Floor, Euro Canadian Centre, Marlborough Street, Nassau, Bahamas.
(GIN99, Lighthouse, E-Commerce, E-Links, E-Sales, E-Trade and E-Business are
herein sometimes collectively referred to as the "Reporting Persons.")
The name, business address, present principal occupation or
employment and citizenship of each director and executive officer of each of the
Reporting Persons are set forth on Schedules I through VII hereto. During the
past five years no Reporting Person nor, to the best knowledge of the Reporting
Persons, any of the persons listed on Schedules I through VII has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in him or it being 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 3. Source and Amount of Funds or Other Consideration.
GIN99 acquired the Preferred Shares and Warrants (as such terms are
defined in Item 5(a)-(b)) in exchange for 100% of the membership interests in
GIN99, pursuant to an Assignment Agreement dated April 9, 1999.
Item 4. Purpose of the Transaction.
GIN99 acquired the Preferred Shares and Warrants for investment
purposes. None of the Reporting Persons has any current plans or proposals which
relate to or would result in (a) the acquisition by any person of additional
securities of the Issuer or the disposition of securities of the Issuer, (b) an
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Issuer or any of its subsidiaries, (c) a sale or
transfer of a material amount of assets of the Issuer or any of its
subsidiaries, (d) any change in the present board of directors or management of
the issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board, (e) any material
change in the present capitalization or dividend policy of the Issuer, (f) any
other material change in the Issuer's business or corporate structure, (g) any
other change in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
Issuer by any person, (h) a class of securities of the Issuer being delisted
from a national securities exchange or to cease to be authorized to be quoted in
an
9
<PAGE>
inter-dealer quotation system of a registered national securities association,
(i) a class of equity securities of the Issuer becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of
1934, or (j) any action similar to any of the enumerated actions in (a) through
(i) above.
Item 5. Interest in Securities of the Issuer.
(a)-(b) GIN99 owns 736,450 class B preferred shares of the Issuer
(the "Preferred Shares") and warrants to purchase Common Stock of the Issuer
(the "Warrants"). Each Preferred Share is convertible at the option of the
holder into 10 shares of Common Stock of the Issuer. Each Warrant expires on
November 9, 2001 and entitles the holder to purchase 2,400,000 shares of Common
Stock of the Issuer at a price of $0.24 per share. Accordingly, GIN99 may be
deemed the beneficial owner of 9,764,500 shares of the Common Stock of the
Issuer, representing 27.85% of the 35,057,086 shares of Common Stock (i)
outstanding as of the date hereof, (ii) into which the Preferred Shares may be
converted and (iii) for which the Warrants may be exercised.
Pursuant to an Assignment Agreement dated April 9, 1999 (the
"Assignment Agreement"), 100% of the Type A and Type B membership units of GIN99
were transferred by assignment to Lighthouse. Lighthouse contributed a 20%
interest in the Type B membership units of GIN99 to each of its wholly-owned
subsidiaries, E-Commerce, E-Links, E-Sales, E-Trade and E-Business. Lighthouse,
E-Commerce, E-Links, E-Sales, E-Trade and E-Business may each be deemed a
beneficial owner of the shares of Common Stock of the Issuer beneficially owned
by GIN99 by reason of the ownership by Lighthouse of each of E-Commerce,
E-Links, E-Sales, E-Trade and E-Business, each of which in turn owns 20% of the
membership interests of GIN99.
Accordingly, for purposes of this Statement: (i) GIN99 is reporting
that it has the sole power to vote or direct the vote and the power to dispose
or direct the disposition of the total of 9,764,500 shares of Common Stock
beneficially owned by it, (ii) Lighthouse is reporting that it shares the power
to vote or direct the vote and the power to dispose or direct the disposition of
the 9,764,500 shares of Common Stock beneficially owned by GIN99, (iii)
E-Commerce is reporting that it shares the power to vote or direct the vote and
the power to dispose or direct the disposition of the 9,764,500 shares of Common
Stock beneficially owned by GIN99, (iv) E-Links is reporting that it shares the
power to vote or direct the vote and the power to dispose or direct the
disposition of the 9,764,500 shares of Common Stock beneficially owned by GIN99,
(v) E-Sales is reporting that it shares the power to vote or direct the vote and
the power to dispose or direct the disposition of the 9,764,500 shares of Common
Stock beneficially owned by GIN99, (vi) E-Trade is reporting that it shares the
power to vote or direct the vote and the power to dispose or direct the
disposition of the 9,764,500 shares of Common Stock beneficially owned by GIN99,
and (vii) E-Business is reporting that it shares the power to vote or direct the
vote and the power to dispose or direct the disposition of the 9,764,500 shares
of Common Stock beneficially owned by GIN99, in each case representing
approximately 27.85% of the as adjusted shares of Common Stock outstanding.
Other than as described above, GIN99 has the sole power to vote or
direct the vote and to dispose or direct the disposition of all the shares of
Common Stock stated to be beneficially owned by GIN99 in Items 5(a)-(b) hereof.
(c)-(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
The description that follows of certain provisions of the Assignment
Agreement and form of Warrant included as Exhibits 7.1 and 7.2, respectively,
hereto, is not, and does not purport to be, complete, and is qualified in its
entirety by reference to such Exhibits.
Pursuant to the Assignment Agreement, a copy of which is attached
hereto as Exhibit 7.1:
10
<PAGE>
(a) GIN99 holds 736,450 shares of Class B convertible Preferred
Shares of the Issuer, each share of which is convertible immediately into 10
shares of Common Stock of the Issuer, and
(b) GIN99 also holds warrants to purchase 2,400,000 shares of Common
Stock of the Issuer, exercisable at a purchase price of $0.24 per share of
Common Stock, at any time before November 9, 2001, a form of which is
incorporated by reference as Exhibit 7.2.
Except as set forth herein or in the Exhibits filed or to be filed
herewith, no contracts, arrangements, understandings or relationships (legal or
otherwise) between the Reporting Persons and any other person exists with
respect to any securities of the Issuer, including but not limited to transfer
or voting of any such securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
Exhibit 7.1 Assignment Agreement
Exhibit 7.2 Form of Warrant
Exhibit 7.3 Agreement pursuant to Rule 13d-1(k)(1), filed herewith.
11
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: March 17, 2000
GIN99, LLC
By: /s/ Joseph Rotella
Name: Joseph Rotella
Title: Manager
LIGHTHOUSE CAPITAL INSURANCE COMPANY
By: /s/ Peter Jones
Name: Peter Jones
Title: Secretary
E-COMMERCE INVESTMENTS LTD.
By: /s/ Ivylyn Cassar
Name: Ivylyn Cassar
Title: Director - Ibis S.A.
E-LINKS INVESTMENTS LTD.
By: /s/ Ivylyn Cassar
Name: Ivylyn Cassar
Title: Director - Ibis S.A.
12
<PAGE>
E-SALES INVESTMENTS LTD.
By: /s/ Ivylyn Cassar
Name: Ivylyn Cassar
Title: Director - Ibis S.A.
E-TRADE INVESTMENTS LTD.
By: /s/ Ivylyn Cassar
Name: Ivylyn Cassar
Title: Director - Ibis S.A.
E-BUSINESS INVESTMENTS LTD.
By: /s/ Ivylyn Cassar
Name: Ivylyn Cassar
Title: Director - Ibis S.A.
13
<PAGE>
SCHEDULE I
INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
GIN99, LLC
Set forth in the table below is the name and the present principal
occupation or employment of the sole manager of GIN99, LLC, who has a principal
business address of 200 Park Avenue, c/o Clifford Chance Rogers & Wells LLP, New
York, New York 10166.
Name Present Principal Occupation or Employment Citizenship
- ---- ------------------------------------------ -----------
Joseph Rotella Attorney, Clifford Chance Rogers & Wells LLP United States
14
<PAGE>
SCHEDULE II
INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
LIGHTHOUSE CAPITAL INSURANCE COMPANY
Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of
Lighthouse Capital Insurance Company. Each person listed below has a principal
business address of Anderson Square, Georgetown, Grand Cayman, Cayman Islands.
Name Present Principal Occupation or Employment Citizenship
- ---- ------------------------------------------ -----------
Kenneth Black III Director/President, Lighthouse Capital United States
Insurance Company
Colin Murdoch- Director/Vice President, Lighthouse Bermuda
Muirhead Capital Insurance Company
David Richardson Director/Treasurer, Lighthouse Capital Cayman Islands
Insurance Company
Aon Insurance Insurance Managers Cayman Islands
Managers (Cayman)
Ltd.
Ian Fair Director, Lighthouse Capital Cayman Islands
Insurance Company
James Walker Attorney United States
Peter Jones Director/Secretary, Lighthouse Capital Cayman Islands
Insurance Company
15
<PAGE>
SCHEDULE III
INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-COMMERCE INVESTMENTS LTD.
Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of
E-Commerce Investments Ltd. Each person listed below has a principal business
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian
Centre, Marlborough Street, Nassau, Bahamas.
Name Present Principal Occupation or Employment Citizenship
- ---- ------------------------------------------ -----------
Ibis S.A. Not applicable Bahamas
Juniper S.A. Not applicable Bahamas
The directors and
executive officers of
both Ibis S.A. and
Juniper S.A. are:
Ivylyn Cassar Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
David Lunn Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Dillon Dean Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Erica Knowles Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Deborah Garland Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
16
<PAGE>
SCHEDULE IV
INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-LINKS INVESTMENTS LTD.
Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of
E-Links Investments Ltd. Each person listed below has a principal business
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian
Centre, Marlborough Street, Nassau, Bahamas.
Name Present Principal Occupation or Employment Citizenship
- ---- ------------------------------------------ -----------
Ibis S.A. Not applicable Bahamas
Juniper S.A. Not applicable Bahamas
The directors and
executive officers of
both Ibis S.A. and
Juniper S.A. are:
Ivylyn Cassar Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
David Lunn Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Dillon Dean Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Erica Knowles Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Deborah Garland Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
17
<PAGE>
SCHEDULE V
INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-SALES INVESTMENTS LTD.
Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of
E-Sales Investments Ltd. Each person listed below has a principal business
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian
Centre, Marlborough Street, Nassau, Bahamas.
Name Present Principal Occupation or Employment Citizenship
- ---- ------------------------------------------ -----------
Ibis S.A. Not applicable Bahamas
Juniper S.A. Not applicable Bahamas
The directors and
executive officers of
both Ibis S.A. and
Juniper S.A. are:
Ivylyn Cassar Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
David Lunn Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Dillon Dean Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Erica Knowles Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Deborah Garland Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
18
<PAGE>
SCHEDULE VI
INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-TRADE INVESTMENTS LTD.
Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of
E-Trade Investments Ltd. Each person listed below has a principal business
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian
Centre, Marlborough Street, Nassau, Bahamas.
Name Present Principal Occupation or Employment Citizenship
- ---- ------------------------------------------ -----------
Ibis S.A. Not applicable Bahamas
Juniper S.A. Not applicable Bahamas
The directors and
executive officers of
both Ibis S.A. and
Juniper S.A. are:
Ivylyn Cassar Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
David Lunn Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Dillon Dean Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Erica Knowles Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Deborah Garland Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
19
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SCHEDULE VII
INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-BUSINESS INVESTMENTS LTD.
Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of
E-Business Investments Ltd. Each person listed below has a principal business
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian
Centre, Marlborough Street, Nassau, Bahamas.
Name Present Principal Occupation or Employment Citizenship
- ---- ------------------------------------------ -----------
Ibis S.A. Not applicable Bahamas
Juniper S.A. Not applicable Bahamas
The directors and
executive officers of
both Ibis S.A. and
Juniper S.A. are:
Ivylyn Cassar Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
David Lunn Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Dillon Dean Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Erica Knowles Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
Deborah Garland Bank Employee, Leopold Joseph (Bahamas) Limited Bahamas
20
