UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
NoFire Technologies, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.020 per share
- ------------------------------------------------------------------------------
(Title of Class of Securities)
654865 10 4
- ------------------------------------------------------------------------------
(CUSIP Number)
Andrew H. Tisch
667 Madison Avenue
New York, NY 10021
(212) 521-5130
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 28, 1998
- ------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|
Note: Schedules filed in paper format shall include a signed original and five
copies of this statement, including all exhibits. See ss.240.13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
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CUSIP No. 654865 10 4 Page 2 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
NF Partners, LLC
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 3,829,822
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
3,829,822
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,829,822
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.4%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
OO
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 3 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Andrew H. Tisch
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 285,000
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
285,000
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,000
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 4 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
JMC Investments LLC
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 178,134
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
178,134
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,134
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
OO
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 5 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
John Capozzi
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
OO
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 175,000
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
175,000
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,000
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 6 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Ravitch Rice & Company LLC
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 89,065
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
89,065
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
89,065
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
OO
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 7 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Barry L. Bloom
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 160,317
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
160,317
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
160,317
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 8 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Robyn Samuels
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 35,624
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
35,624
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,624
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 9 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Paul A. Downey
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 178,134
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
178,134
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,134
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 10 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Robert N. Downey
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 1,246,915
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
1,246,915
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,246,915
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 11 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Robert H. Savage
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 277,777
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
277,777
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
277,777
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP No. 654865 10 4 Page 12 of 24 Pages
- ------------------------------------------------------------------------------
- -------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Thomas M. Steinberg
- -------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ---------------------------------------------------------------------
3
SEC USE ONLY
- -------- ---------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ---------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
- -------- ---------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ---------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 160,317
------- ---------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ---------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
160,317
------- ---------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ---------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
160,317
- -------- ---------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |X|
- -------- ---------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
- -------- ---------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 13 of 24 Pages
This Amendment No. 1 to Schedule 13D amends and supplements the
Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange
Commission on June 26, 1998 by NF Partners, LLC, a Delaware limited liability
company, JMC Investments LLC, a Connecticut limited liability company, Ravitch
Rice & Company LLC, a New York limited liability company, Barry L. Bloom, Robyn
Samuels, Paul A. Downey, Robert H. Savage, Thomas M. Steinberg, Andrew H. Tisch,
and John Capozzi and relates to the acquisition on October 28, 1998 of 370,000
shares of Common Stock, par value $ .020 per share (the "Common Stock"), of
NoFire Technologies, Inc. (the "Issuer") and warrants to purchase 925,000 shares
of Common Stock. Capitalized terms used herein and not defined herein shall have
the meanings ascribed thereto in the Schedule 13D.
Item 2. Identity and Background.
(a)
This statement is being filed by the following entities and
individuals:
1. NF Partners, LLC, a Delaware limited liability company ("NFP");
2. JMC Investments LLC, a Connecticut limited liability company
("JMC");
3. Ravitch Rice & Company LLC, a New York limited liability company
("RRC");
4. Barry L. Bloom ("Bloom");
5. Robyn Samuels ("Samuels");
6. Paul A. Downey ("Paul Downey");
7. Robert N. Downey (Robert Downey");
8. Robert H. Savage ("Savage");and
9. Thomas M. Steinberg ("Steinberg").
NFP, JMC, RRC, Bloom, Samuels, Paul Downey, Robert Downey, Savage and Steinberg
are referred to herein individually as a "Purchase Agreement Investors" and
collectively as the "Purchase Agreement Investors". This statement is also being
filed by Andrew H. Tisch ("Andrew H. Tisch") and John Capozzi ("Capozzi").
Andrew H. Tisch, Capozzi and the Purchase Agreement Investors are referred to
herein individually as a "Reporting Person" and collectively as the "Reporting
Persons."
On October 28, 1998, the Purchase Agreement Investors other than
Savage (the "Supplemental Purchase Agreement
<PAGE>
CUSIP NO. 654865 10 4 13D Page 14 of 24 Pages
Investors") purchased from the Issuer in a private placement an aggregate of
370,000 units, each unit consisting of one share of Common Stock, and five-year
warrants (the "Supplemental Purchase Agreement Warrants") to purchase 2.5 shares
of Common Stock at an initial exercise price of $ .50 per share, for aggregate
consideration of $185,000 pursuant to a Supplemental Common Stock and Five-Year
Warrant Purchase Agreement (the "Supplemental Purchase Agreement") dated as of
October 26, 1998 by and among the Issuer, the Supplemental Purchase Agreement
Investors and Sam Oolie and Samuel Gottfried.
The Supplemental Purchase Agreement allows the Supplemental Purchase
Agreement Investors to purchase a total of 960,000 units, each unit consisting
of one share of Common Stock and Supplemental Purchase Agreement Warrants to
purchase 2.5 shares of Common Stock, for total aggregate consideration of
$480,000. See Item 6, below.
By signing this statement, each Reporting Person agrees that this
Statement is filed on its, his or her behalf. The filing of this statement is
not an admission by any Reporting Person that such Reporting Person and any
other Reporting Person or Reporting Persons constitute a "group" for purposes of
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule
13d-5 thereunder. Each Reporting Person disclaims beneficial ownership of any
shares of Common Stock owned by any other Reporting Person, except to the extent
that beneficial ownership is expressly reported herein.
Item 3. Source and Amount of Funds or Other Consideration.
Set forth below is information regarding the funds used by the
Purchase Agreement Investors to purchase the securities reported in Item 5
below.
Reporting Aggregate
Person Source of Funds Purchase Price
NFP Working Capital $888,386.99
JMC Working Capital $ 41,320.78
RRC Working Capital $ 20,659.84
Bloom Personal Funds $ 37,188.09
Samuels Personal Funds $ 8,263.58
Paul Downey Personal Funds $ 41,320.78
Robert Downey Personal Funds $289,241.65
Savage Personal Funds $ 71,428.50
Steinberg Personal Funds $ 37,188.09
<PAGE>
CUSIP NO. 654865 10 4 13D Page 15 of 24 Pages
The foregoing amounts do not include the exercise price of the
Purchase Agreement Warrants or the Supplemental Purchase Agreement Warrants. The
Purchase Agreement Investors would have to pay the exercise price of the
Purchase Agreement Warrants and the Supplemental Purchase Agreement Warrants to
obtain the shares of Common Stock that are issuable upon exercise of the
Purchase Agreement Warrants and the Supplemental Purchase Agreement Warrants and
that are included among the shares of Common Stock beneficially owned by the
Purchase Agreement Investors. The initial exercise price of the Supplemental
Purchase Agreement Warrants is $0.50 per share of Common Stock. The initial
exercise price of the Purchase Agreement Warrants purchased at the First Closing
is $1.00 per share of Common Stock. Pursuant to the Supplemental Purchase
Agreement, the exercise price of the Purchase Agreement Warrants that will be
issued at the Second Tranche Closing and the Second Closing if the conditions
for such closings are satisfied was reduced from $1.00 per share of Common Stock
to $0.75 per share of Common Stock. The foregoing amounts also do not include
the exercise price of certain warrants owned by Andrew H. Tisch and John
Capozzi.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 16 of 24 Pages
Item 5. Interest in Securities of the Issuer.
(a) Set forth in the table below is the aggregate number of shares of
Common Stock beneficially owned as of the date hereof by each person or entity
named in Item 2 above, together with the percentage of outstanding shares of
Common Stock which is beneficially owned by each such person or entity. The
information set forth in this table does not include any shares of Common Stock
that the Purchase Agreement Investors may acquire pursuant to the Purchase
Agreement or the Supplemental Purchase Agreement at future closings (see Item 6,
below). The ownership percentages set forth in the table below are based on
12,366,434 shares of Common Stock having been outstanding subsequent to the
transactions effected on October 28, 1998 pursuant to the Supplemental Purchase
Agreement, which number of shares was derived by adding the 370,000 shares of
Common Stock issued pursuant to the Supplemental Purchase Agreement to the
number of shares outstanding last reported by the Issuer (11,996,434 as of July
7, 1998 as reported in the Issuer's Form 10-QSB for the quarter ended May 31,
1998). The percentages of the outstanding shares of Common Stock owned by each
of the persons listed below and the percentage of the outstanding shares of
Common Stock owned by all of such persons in the aggregate have been calculated
in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as
amended, to reflect ownership of shares of Common Stock issuable upon exercise
of outstanding warrants. As provided in such Rule, shares of Common Stock
issuable to any person upon exercise of its, his or her warrants (or issuable to
all such persons in the aggregate) are deemed to be outstanding for the purpose
of calculating such person's beneficial ownership (or all such persons'
aggregate beneficial ownership) but not any other person's beneficial ownership.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 17 of 24 Pages
<TABLE>
<CAPTION>
% of Class
Name of Amount and Nature of Out-
Beneficial Owner Beneficial Ownership standing
---------------- -------------------- ----------
Owned Has Right
Currently to Acquire Total
--------- ---------- -----
<S> <C> <C> <C> <C>
NFP 1,094,235 2,735,587 3,829,822 25.4%
FP (1) (1) (1) (1)
4-14P (1) (1) (1) (1)
Andrew H. Tisch (1) (1) (1) (1)
1991 Trust
Daniel R. Tisch (1) (1) (1) (1)
1991 Trust
James S. Tisch (1) (1) (1) (1)
1991 Trust
Thomas J. Tisch (1) (1) (1) (1)
1991 Trust
Andrew H. Tisch 160,000(1) 125,000(1)(2) 285,000(1)(2) 2.3%(1)
Daniel R. Tisch (1) (1) (1) (1)
James S. Tisch (1) (1) (1) (1)
Thomas J. Tisch (1) (1) (1) (1)
JMC 50,895 127,238 178,134 1.4%
Capozzi 100,000(3) 75,000(3) 175,000(3) 1.4%(3)
RRC 25,447 63,618 89,065 0.7%
Richard Ravitch (4) (4) (4) (4)
Donald S. Rice (4) (4) (4) (4)
Barry L. Bloom 45,805 114,512 160,317 1.3%
Robyn Samuels 10,178 25,446 35,624 0.3%
Paul A. Downey 50,895 127,238 178,134 1.4%
Robert N. Downey 356,262 890,654 1,246,915 9.4%
Robert H. Savage 79,365 198,412 277,777 2.2%
Thomas M. Steinberg 45,805 114,512 160,317 1.3%
--------- --------- --------- -----
Total 2,018,887 4,597,218 6,616,105 39.0%
</TABLE>
<PAGE>
CUSIP NO. 654865 10 4 13D Page 18 of 24 Pages
(1) Does not include shares owned by NFP. None of FP, 4-14P or the Messrs.
Tisch beneficially owns any shares of Common Stock, except for the
shares of Common Stock beneficially owned by Andrew H. Tisch and except
to the extent that beneficial ownership of shares of Common Stock
beneficially owned by NFP may be attributed to them.
(2) Prior to the transactions effected pursuant to the Purchase Agreement,
Mr. Tisch acquired the following warrants: (a) warrants to acquire
50,000 shares of Common Stock at an exercise price of $2.00 per share,
which warrants expire on November 13, 2001, (b) warrants to acquire
50,000 shares of Common Stock at an exercise price of $2.00 per share,
which warrants expire on September 22, 2002 and (c) warrants to acquire
25,000 shares of Common Stock at an exercise price of $3.00 per share,
which warrants expire on September 22, 2002.
(3) Shares in the "Owned Currently" column are owned by Mr. Capozzi's wife.
Shares in the "Has Right to Acquire" column are shares of Common Stock
issuable upon exercise of the Consultant Warrants. Mr. Capozzi's rights
to receive the Consultant Warrants vest at the rate of 1,250 Consultant
Warrants monthly for so long as Mr. Capozzi continues to perform
consulting services for the Issuer over a five-year period commencing
on the date of the First Closing. Does not include shares owned by JMC.
(4) Does not include shares owned by RRC. Neither Mr. Ravitch nor Mr. Rice
beneficially owns any shares of Common Stock, except to the extent that
beneficial ownership of shares of Common Stock beneficially owned by
RRC may be attributed to them.
(b) Set forth in the table below is information with respect to the
number of shares of Common Stock beneficially owned as of the date hereof by
each person or entity named in Item 2 above, indicating, with respect to such
shares of Common Stock, whether each such person has the sole power to vote or
direct the vote or shared power to vote or direct the vote and sole power to
dispose or direct the disposition or shared power to dispose or direct the
disposition.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 19 of 24 Pages
<TABLE>
<CAPTION>
Power to Dispose or
Name of Beneficial Power to Vote or Direct Direct the
Owner the Vote Disposition
----- -------- --------------
Sole Shared Sole Shared
---- ------ ---- ------
<S> <C> <C> <C> <C>
NFP 3,829,822 0 3,829,822 0
FP (1) (1) (1) (1)
4-14P (1) (1) (1) (1)
Andrew H. Tisch (1) (1) (1) (1)
1991 Trust
Daniel R. Tisch (1) (1) (1) (1)
1991 Trust
James S. Tisch (1) (1) (1) (1)
1991 Trust
Thomas J. Tisch (1) (1) (1) (1)
1991 Trust
Andrew H. Tisch 285,000(1) (1) 285,000(1) (1)
Daniel R. Tisch (1) (1) (1) (1)
James S. Tisch (1) (1) (1) (1)
Thomas J. Tisch (1) (1) (1) (1)
JMC 178,134 0 178,134 0
RRC 89,065 0 89,065 0
Capozzi 175,000(2) (2) 175,000(2) (2)
Richard Ravitch (3) (3) (3) (3)
Donald S. Rice (3) (3) (3) (3)
Barry L. Bloom 160,317 0 160,317 0
Robyn Samuels 35,624 0 35,624 0
Paul A. Downey 178,134 0 178,134 0
Robert N. Downey 1,246,915 0 1,246,915 0
Robert H. Savage 277,777 0 277,777 0
Thomas M. Steinberg 160,317 0 160,317 0
</TABLE>
(1) By virtue of their status as managing trustees of the trusts which are
the general partners of FP and which are (i) members of 4-14P or (ii)
partners of partnerships which are members of 4-14P or (iii) partners
of partnerships which are partners of partnerships which are members of
4-14P, the Messrs. Tisch may be deemed to have indirectly shared power
to vote or direct the vote and dispose or
<PAGE>
CUSIP NO. 654865 10 4 13D Page 20 of 24 Pages
direct the disposition of the shares of Common Stock owned by NFP.
(2) By virtue of his status as manager and a member of JMC, Mr. Capozzi may
be deemed to have indirectly power to vote or direct the vote and
dispose or direct the disposition of the shares of Common Stock owned
by JMC.
(3) By virtue of their status as members of RRC, Mr. Ravitch and Mr. Rice
may be deemed to have indirectly shared power to vote or direct the
vote and dispose or direct the disposition of the shares of Common
Stock owned by NFP.
(c) The only transactions in the Common Stock effected by the
Reporting Persons during the sixty days preceding the date hereof were the
respective acquisitions by the Supplemental Purchase Agreement Investors on
October 28, 1998 from the Issuer in a private placement pursuant to the
Supplemental Purchase Agreement of units consisting of one share of Common Stock
and Purchase Agreement Warrants to purchase 2.5 shares of Common Stock, which
are summarized below. None of the other persons or entities named in Item 2
above effected any other transactions in the Common Stock during the 60 days
preceding the date hereof.
Name of
Reporting Person Units
---------------- -----
Number Price/Unit
------ ----------
NFP 241,061 $0.50
JMC 11,212 $0.50
RRC 5,606 $0.50
Barry L. Bloom 10,091 $0.50
Robyn Samuels 2,242 $0.50
Paul A. Downey 11,212 $0.50
Robert N. Downey 78,485 $0.50
Robert H. Savage 0 $0.50
Thomas M. Steinberg 10,091 $0.50
-------
370,000
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially owned by the persons and entities named in
Item 2 above.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 21 of 24 Pages
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
The Supplemental Purchase Agreement Investors purchased 370,000 shares
of Common Stock and Supplemental Purchase Agreement Warrants exercisable for
925,000 shares of Common Stock from the Issuer in a private placement on October
28, 1998 pursuant to the Supplemental Purchase Agreement.
The Supplemental Purchase Agreement provides that the Supplemental
Purchase Agreement Investors may purchase up to an additional 590,000 units. In
order to obtain any financing under the Supplemental Purchase Agreement, the
Issuer must on or before March 31, 1999 give the Chief Financial Officer of the
Tisch Family Interests, as agent for the Supplemental Purchase Agreement
Investors (the "Agent"), at least ten (10) days written notice of its desire to
obtain such financing setting forth in detail each proposed expenditure required
(the "Proposed Expenditure"), the purpose therefor, the payee or payees and any
other pertinent information. The Agent must either accept or decline the
Issuer's request to finance the Proposed Expenditure by replying in writing
within ten (10) days of receipt of the Issuer's notice. Each purchase and sale
shall be consummated at a closing on the date set forth in the notice requesting
the Proposed Expenditure. The aggregate purchase price paid by the Agent on
behalf of the Supplemental Purchase Agreement Investors shall be an amount up to
the total amount requested, and the total number of units issued and sold to the
Supplemental Purchase Agreement Investors shall be two times the aggregate
purchase price paid, allocated to each Supplemental Purchase Agreement Investor
pro rata according to percentages set forth in Schedule 1 of the Supplemental
Purchase Agreement.
Pursuant to the Supplemental Purchase Agreement, Sam Oolie agreed to
defer and subordinate his salary from the Issuer from October 26, 1998 through
March 31, 1999 or such earlier date as the Issuer shall have available cash flow
from revenues.
Also pursuant to the Supplemental Purchase Agreement, the Issuer
amended Section 2.1(b) and Section 2.2 of the Purchase Agreement to provide that
the purchase price for each unit purchasable under the Purchase Agreement will
be reduced from $.90 to $.75 and the exercise price of each Purchase Agreement
Warrant to be issued in the Second Tranche Closing and the Second Closing if the
conditions for such closings are satisfied will be reduced from $1.00 to $.75
per share of Common Stock.
Item 7. Material to be filed as Exhibits.
Exhibit 1. Agreement regarding the joint filing of this Statement.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 22 of 24 Pages
Exhibit 2. Common Stock and Five-Year Warrant Purchase Agreement
dated as of June 15, 1998 between the Issuer, the Purchase
Agreement Investors and Sam Oolie and Samuel Gottfried.
Incorporated herein by reference to Exhibit 2 to the
Schedule 13D.
Exhibit 3. Form of Warrant. (Attached to the Purchase Agreement as Exhibit A.)
Incorporated herein by reference to Exhibit 3 to the Schedule 13D.
Exhibit 4. Registration Rights Agreement dated as of June 15, 1998
between the Issuer and the Purchase Agreement Investors.
(Attached to the Purchase Agreement as Exhibit D.)
Incorporated herein by reference to Exhibit 4 to the
Schedule 13D.
Exhibit 5. Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of October 26, 1998 between the Issuer,
the Supplemental Purchase Agreement Investors and Sam Oolie
and Samuel Gottfried.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 23 of 24 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.
October 30, 1998 NF PARTNERS, LLC
By /s/ Andrew H. Tisch
Andrew H. Tisch, Manager
JMC INVESTMENTS LLC
By /s/ John Capozzi
John Capozzi, Manager
RAVITCH RICE & COMPANY LLC
By /s/ Donald S. Rice
Donald S. Rice, Managing Director
/s/ Barry L. Bloom
Barry L. Bloom
/s/ Robyn Samuels
Robyn Samuels
/s/ Paul A. Downey
Paul A. Downey
<PAGE>
CUSIP NO. 654865 10 4 13D Page 24 of 24 Pages
/s/ Robert N. Downey
Robert N. Downey
/s/ Robert H. Savage
Robert H. Savage
/s/ Thomas M. Steinberg
Thomas M. Steinberg
/s/ Andrew H. Tisch
Andrew H. Tisch
/s/ John Capozzi
John Capozzi
<PAGE>
EXHIBIT INDEX
Exhibit 1. Agreement regarding the joint filing of this Statement.
Exhibit 2. Common Stock and Five-Year Warrant Purchase Agreement
dated as of June 15, 1998 between the Issuer, the Purchase
Agreement Investors and Sam Oolie and Samuel Gottfried.
Incorporated herein by reference to Exhibit 2 to the
Schedule 13D.
Exhibit 3. Form of Warrant. (Attached to the Purchase Agreement as Exhibit A.)
Incorporated herein by reference to Exhibit 3 to the Schedule 13D.
Exhibit 4. Registration Rights Agreement dated as of June 15, 1998
between the Issuer and the Purchase Agreement Investors.
(Attached to the Purchase Agreement as Exhibit D.)
Incorporated herein by reference to Exhibit 4 to the
Schedule 13D.
Exhibit 5. Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of October 26, 1998 between the Issuer,
the Supplemental Purchase Agreement Investors and Sam Oolie
and Samuel Gottfried.
<PAGE>
EXHIBIT 1
AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act
of 1934, as amended, the undersigned hereby agree that Amendment No. 1 dated
October 30, 1998 to the Schedule 13D relating to the Common Stock, par value
$0.20 per share, of NoFire Technologies, Inc., as the same may be amended from
time to time hereafter, is being filed with the Securities and Exchange
Commission on behalf of each of them.
Dated: October 30, 1998
NF PARTNERS, LLC
By /s/ Andrew H. Tisch
Andrew H. Tisch, Manager
JMC INVESTMENTS LLC
By /s/ John Capozzi
John Capozzi, Manager
RAVITCH RICE & COMPANY LLC
By /s/ Donald S. Rice
Donald S. Rice, Managing
Director
/s/ Barry L. Bloom
Barry L. Bloom
/s/ Robyn Samuels
Robyn Samuels
/s/ Paul A. Downey
Paul A. Downey
<PAGE>
/s/ Robert N. Downey
Robert N. Downey
/s/ Robert H. Savage
Robert H. Savage
/s/ Thomas M. Steinberg
Thomas M. Steinberg
/s/ Andrew H. Tisch
Andrew H. Tisch
/s/ John Capozzi
John Capozzi
Exhibit 5
NoFire Technologies, Inc.
Supplemental Common Stock and Five-Year Warrant
Purchase Agreement
This Agreement is made as of October 26, 1998 by and among NoFire
Technologies, Inc., a Delaware corporation (the "Company"), with an office at 21
Industrial Avenue, Upper Saddle River, New Jersey, 07458, its principal
stockholders, Sam Oolie and Samuel Gottfried (hereinafter referred to
individually as a "Principal Stockholder" and collectively as "Principal
Stockholders"), and the purchasers identified on Schedule 1 hereto (hereinafter
referred to individually as a "Supplemental Purchaser" and collectively as
"Supplemental Purchasers").
WHEREAS, pursuant to a Common Stock and Five-Year Warrant Purchase
Agreement dated as of June 15, 1998 among the Company, the Principal
Stockholders, and certain of the Supplemental Purchasers (the "Original
Agreement," the defined terms in which shall also be used here with their same
meanings), the Company agreed to issue and sell and the Supplemental Purchasers
agreed to purchase investment units consisting of Shares and Warrants the net
proceeds of which were to be used for the purposes set forth in Section 6.5 of
the Original Agreement, and
WHEREAS, the Company has not yet met the conditions for the Tranche 2
Closing or the Second Closing and requires additional financing of up to
$480,000 through March 31, 1999 to proceed with its current business plan, and
WHEREAS, the Supplemental Purchasers are willing to provide additional
financing of up to $480,000 through the purchase of additional investment units
consisting of Shares and Warrants subject to the terms and conditions hereof,
including an amendment of the Original Agreement,
NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, the parties hereto do hereby agree as follows:
1. Purchase and Sale.
1.1 Authorization. The Company has authorized the sale and issuance of
up to 960,000 Shares and five-year Warrants to purchase up to 2,400,000
additional Shares at an exercise price of $.50 per Share.
1.2 Sale of Shares and Warrants. Subject to the provisions of this
Agreement, including the form of Share Purchase Warrant attached as Exhibit A to
the Original Agreement, and on the closing dates set forth below, the Company
will sell to each of the Supplemental Purchasers, severally and not jointly, and
each of the Supplemental Purchasers, severally and not jointly, will purchase
from the Company, up to a total amount of 960,000 investment units each
consisting of 1 Share and Warrants to purchase 2.5 Shares in the number of
Shares and Warrants set forth opposite each Purchaser's name in Schedule 1
attached hereto at the purchase price of $.50 per investment unit or a maximum
purchase price of up to a total amount of $480,000.
2. Closings of Purchases and Sales. The Supplemental Purchasers hereby
agree to immediately wire transfer immediately available funds in an amount
equal to their respective maximum potential purchase price amounts to an account
designated by the Chief Financial Officer of the Tisch Family Interests who will
act as their agent (the "Agent") to make purchases of investment units on their
behalf at closings hereunder. In order to obtain any financing hereunder, the
Company must on or before March 31, 1999 give the Agent at least ten (10) days
written notice of its desire to obtain such financing setting forth in detail
each proposed expenditure required (the "Proposed Expenditure"), the purpose
therefor, the payee or payees and any other pertinent information. The Agent
must either accept or decline the Company's request to finance the Proposed
Expenditure by replying in writing within ten (10) days of receipt of the
Company's notice. Each purchase and sale shall be consummated at a closing on
the date set forth in the notice requesting the Proposed Expenditure. The
aggregate purchase price paid by the Agent on behalf of the Supplemental
Purchasers shall be an amount up to the total amount requested, and the total
number of investment units issued and sold to the Supplemental Purchasers shall
be two times the aggregate purchase price paid, allocated to each Supplemental
Purchaser pro rata according to percentages set forth in Schedule 1. The Agent
will pay the Company the purchase price for the investment units by wire
transfer of immediately available funds to a bank account designated by the
Company, with the Company being obligated to disburse such funds directly to the
payees listed in the request for the Proposed Expenditure which has been
accepted by the Agent on behalf of the Supplemental Purchasers, provided,
however, that the Agent reserves the right to make such payment by disbursing
funds directly to such payees. At any such closing, and as a condition thereto,
the Company will deliver to the Supplemental Purchasers (or the Agent on their
behalf) certificates representing the number of Shares and Warrants subject to
purchase, together with a copy of an opinion of counsel as provided in Section
2.1 of the Original Agreement and a bring-down certificate executed by each
Principal Stockholder and the Company stating (i) that the representations and
warranties set forth in Section 3 of the Original Agreement are true and correct
in all material respects on the date of such closing and (ii) that the Company
has performed and complied in all material respects with all covenants and
agreements provided in Section 6 required of it on or prior to the date of such
closing. The Agent for the Supplemental Purchasers will deliver to the Company a
certificate stating that the representations and warranties set forth in Section
4 of the Original Agreement are true and correct on the date of such closing.
The Agent for the Supplemental Purchasers may at any time upon ten (10) days
written notice to the Company on or before March 31, 1999 elect to purchase the
balance of investment units not purchased prior to the date of such notice at a
closing to be held ten (10) days from the date of such notice subject to all of
the terms and conditions hereof. No Supplemental Purchaser shall have any
liability or obligation to the Company or any other party for any amount
requested which is declined by the Agent on behalf of the Supplemental
Purchasers. The Agent shall return to the Supplemental Purchasers any amounts
not used to purchase investment units on or before March 31, 1999.
3. Representations and Warranties of the Company and its Principal
Stockholders. Each of the Company's Principal Stockholders and the Company
hereby represents and warrants to each of the Supplemental Purchasers that the
representations and warranties set forth in Section 3 of the Original Agreement
are true and correct in all material respects as of the date hereof.
4. Representations and Warranties of Each Supplemental Purchaser. Each
Supplemental Purchaser severally represents and warrants that the
representations and warranties set forth in Section 4 of the Original Agreement
are true and correct in all material respects as of the date hereof.
5. Survival of Representations and Warranties and Indemnification.
5.1 Survival of Representations and Warranties. The representations and
warranties of each Principal Stockholder and the Company and each Supplemental
Purchaser which are set forth in Sections 3 and 4, respectively, shall survive
each closing and remain in full force and effect until the expiration of any
applicable limitations period.
5.2 Indemnification by Principal Stockholder and the Company. Each of
Sam Oolie and the Company will indemnify, defend, save and hold harmless each
Supplemental Purchaser from and against any and all damage, liability, loss,
penalty, expense, assessment, judgment or deficiency of any nature whatsoever
(including, without limitation, reasonable attorney's fees and expenses incident
to any suit, action or proceeding) whether upon the occurrence thereof or
thereafter (collectively, "Losses") incurred or sustained by such Supplemental
Purchaser which shall arise out of or result from any breach of any
representation, warranty or agreement given or made by such indemnifying party.
5.3 Indemnification by Each Supplemental Purchaser. Each Supplemental
Purchaser, severally and not jointly, will indemnify, defend, save and hold
harmless the Company from and against any and all Losses incurred or sustained
by the Company which shall arise out of or result from any breach of any
representation or warranty given or made by such Supplemental Purchaser herein.
6. Further Agreements, Assurances, and Covenants. The Company hereby
confirms that it has performed and complied in all material respects with all
covenants and agreements provided in Section 6 of the Original Agreement which
are required of it on or prior to the date hereof. The Company agrees that it
will take all necessary action as soon as is reasonably possible, including
holding a meeting of stockholders or obtaining written consents of stockholders,
to amend the Certificate of Incorporation to authorize a sufficient number of
shares to provide for the issuance of shares upon the exercise of all
outstanding warrants and convertible debentures, including the Warrants for
which a sufficient number of authorized but unissued Shares must be reserved.
The Company agrees that all legal fees and expenses incurred by the Supplemental
Purchasers in connection with entering into and accomplishing the transactions
under this Agreement and any incurred in connection with disputes regarding this
Agreement brought about by inaccuracies, misrepresentations or breach of any of
the above will be paid for by the Company. The Company also agrees that the
Supplemental Purchasers shall have the registration rights with respect to the
Shares and Warrants set forth in the Registration Rights Agreement attached to
the Original Agreement.
7. Salary Deferral. Sam Oolie hereby agrees to defer and subordinate
his salary from the Company from the date hereof through March 31, 1999 or such
earlier date as the Company shall have available cash flow from revenues.
8. Amendment of Purchase Price. The Company hereby agrees to amend
Section 2.1(b) and Section 2.2 of the Original Agreement to provide that the
purchase price for each investment unit will be reduced from $.90 to $.75 and
the exercise price of each Warrant will be reduced from $1.00 to $.75 per Share.
9. Miscellaneous.
9.1 Notices. All notices, requests, consents and other communications
herein shall be in writing and shall be mailed by registered or certified mail,
postage prepaid, or personally delivered, as follows:
(a) If to the Company or any Principal Stockholder,
addressed to such party at:
NoFire Technologies, Inc.
21 Industrial Avenue
Upper Saddle River, NJ 07458
Attn: President
With a copy to:
Gerald H. Litwin, P.A.
2 University Plaza
Hackensack, NJ 07601
(b) If to the Supplemental Purchasers:
at their respective addresses set forth on
Schedule 2 hereto
or such other addresses as each of the parties hereto may provide from time to
time in writing to the other parties.
9.2 Modifications; Waiver. Neither this Agreement nor any provision
hereof may be changed, waived, discharged or terminated orally or in writing.
9.3 Entire Agreement. This Agreement, including the Schedules, contains
the entire agreement between the parties with respect to the transactions
contemplated hereby, and supersedes all negotiations, agreements,
representations, warranties, commitments, whether in writing or oral, prior to
the date hereof.
9.4 Effectiveness. This Agreement shall become effective only when
executed by the Supplemental Purchasers, the Principal Stockholders and the
Company.
9.5 Successors and Assigns. All of the terms of this Agreement shall be
binding upon and inure to the benefit of and be enforceable by the respective
successors and assigns of the parties hereto.
9.6 No Third-Party Beneficiaries. Nothing in this Agreement will be
construed as giving any person, firm, corporation or other entity, other than
the parties hereto and their successors and permitted assigns, any right, remedy
or claim under or in respect of this Agreement or any provision hereof.
9.7 Execution and Counterparts. This Agreement may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original, and such counterparts together shall constitute one
instrument. Each party shall receive a duplicate original of the counterpart
copy or copies executed by it and by the Company.
9.8 Governing Law and Severability. This Agreement shall be governed by
and construed and interpreted in accordance with the laws of the State of New
Jersey without reference to principles of conflict of laws or choice of laws. In
the event any provision of this Agreement or the application of any such
provision to any party shall be held by a court of competent jurisdiction to be
contrary to law, the remaining provisions of this Agreement shall remain in full
force and effect.
9.9 Headings. The descriptive headings of the Sections hereof and of
the Schedules and Exhibits hereto are inserted for convenience only any do not
constitute a part of this Agreement.
9.10 Execution by Telefacsimile Transmission. Telefacsimile
transmissions of any executed original document and/or retransmission of any
executed telefacsimile transmission shall be deemed to be the same as the
delivery of an executed original. At the request of any party hereto, the other
parties shall confirm telefacsimile transmissions by executing duplicate
original documents and delivering the same to the requesting party or parties.
<PAGE>
COUNTERPART SIGNATURE PAGE
SUPPLEMENTAL COMMON STOCK AND FIVE-YEAR WARRANT PURCHASE AGREEMENT
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.
The Company Supplemental Purchasers
NoFire Technologies, Inc. NF Partners, LLC
By:__________________________ By:__________________________
Andrew H. Tisch, Manager
JMC Investments LLC
Principal Stockholders By:__________________________
John Capozzi,_______________
______________________________
Sam Oolie Ravitch Rice & Company LLC
By:_________________________
______________________________ Donald S. Rice, Managing Dir.
Dr. Samuel Gottfried
____________________________
Barry L. Bloom
____________________________
Paul A. Downey
____________________________
Robert N. Downey
____________________________
Robyn Samuels
____________________________
Thomas M. Steinberg
SCHEDULE 1
Supplemental Purchasers and Maximum Potential Purchase Amounts
<TABLE>
<CAPTION>
Supplemental Purchaser # Shares # Warrants Maximum Potential Pro Rata Percentage
- ---------------------- -------- ---------- ------------------ -------------------
Purchase Price
--------------
<S> <C> <C> <C> <C>
NF Partners, LLC 625,455 1,563,638 $312,727.50 65.1516%
JMC Investments, LLC 29,091 72,727 14,545.50 3.0303
Ravitch Rice & Company LLC 14,545 36,363 7,272.50 1.5151
Barry L. Bloom 26,182 65,455 13,091.00 2.7273
Paul A. Downey 29,091 72,727 14,545.50 3.0303
Robert N. Downey 203,636 509,090 101,818.00 21.2121
Robyn Samuels 5,818 14,545 2,909.00 0.6060
Thomas M. Steinberg 26,182 65,455 13,091.00 2.7273
-------- ----------- ------------- ----------
Totals 960,000 2,400,000 $480,000.00 100.0000%
</TABLE>
<PAGE>
Schedule 2
Supplemental Purchaser's Addresses
NF Partners, LLC Robyn Samuels
667 Madison Avenue 150 West End Avenue, #5M
New York, NY 10021 New York, NY 10023
Attn: Mr. Andrew H. Tisch S.S.# ###-##-####
EIN# 13-4009506
JMC Investments LLC Thomas M. Steinberg
125 Brett Lane 199 Aycrigg Avenue
Fairfield, CT 06430 Passaic Park, NJ 07055
Attn: Mr. John Capozzi S.S.#556-155293
EIN#06-1415533
Ravitch Rice & Company LLC
610 Fifth Avenue, Suite 420
New York, NY 10020
Attn: Mr. Donald S. Rice
EIN# 13-3868809
Barry L. Bloom
46 Woodmere Drive
Summit, NJ 07901
S.S. ####-##-####
Paul A. Downey
1100 Sacramento Street - Suite 110
San Francisco, CA 94108
S.S.####-##-####
Robert N. Downey
755 Park Avenue, Apt. 8B
New York, NY 10021
S.S.####-##-####
