UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
NoFire Technologies, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.20 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 an Communications)
January 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 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 the schedule, including all exhibits. See ss. 240.13d-7 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).
SEC 1746(12-91)
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP No. 654865 10 4 Page 2 of 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
NF Partners, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
9,807,661
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
9,807,661
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,807,661
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.86%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Andrew H. Tisch
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
285,000
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 285,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,000
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.90%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
JMC Investments LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
337,533
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 337,533
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
377,533
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.24%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
John Capozzi
- --------------------------------------------------------------------------------
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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
175,000
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 175,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,000
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Ravitch Rice & Company LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
203,879
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 203,879
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
203,879
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.36%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Barry L. Bloom
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
428,778
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 428,778
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
428,778
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.83%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Robyn Samuels
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
192,503
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 192,503
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,503
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.28%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Paul A. Downey
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
337,533
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 337,533
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
337,533
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.24%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Robert N. Downey
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
2,650,036
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 2,650,036
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,650,036
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.82%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Robert H. Savage
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
471,429
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 471,429
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
471,429
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.10%
- --------------------------------------------------------------------------------
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 32 Pages
- ----------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Thomas M. Steinberg
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
553,781
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 553,781
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
553,781
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.63%
- --------------------------------------------------------------------------------
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 32 Pages
This Statement amends and supplements the Schedule 13D (the "Schedule
13D") of NF Partners, LLC, a Delaware limited liability company ("NFP"), JMC
Investments LLC, a Connecticut limited liability company ("JMC"), Ravitch Rice &
Company LLC, a New York limited liability company ("RRC"), Barry L. Bloom, Robyn
Samuels, Paul A. Downey, Robert N. Downey, Robert H. Savage, Thomas M.
Steinberg, Andrew H. Tisch, and John Capozzi filed with the Securities and
Exchange Commission on June 26, 1998, as amended by Amendment No. 1 filed on
October 30, 1998, Amendment No. 2 filed on December 1, 1998, Amendment No. 3
filed on April 12, 1999 and Amendment No. 4 filed on August 11, 1999, and
relates to the acquisition by NFP, RRC and Robert N. Downey (the "Third
Supplemental Purchase Agreement Investors") on January 7, 2000, of 820,896 Third
Supplemental Purchase Agreement Units of NoFire Technologies, Inc. (the
"Issuer"), each unit consisting of one share of Common Stock and five-year
warrants to purchase 2.5 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.
-----------------------
Because of certain business and family relationships among the
Reporting Persons, they are filing as if they constitute a group solely for
informational purposes. 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, or pecuniary interest in, any shares of Common Stock owned by any other
Reporting Person, except to the extent that beneficial ownership or pecuniary
interest is expressly reported herein.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
The source and amount of the funds or other consideration used by the
Third Supplemental Purchase Agreement Investors to purchase the Third
Supplemental Purchase Agreement Units on January 7, 2000 was as follows:
Aggregate
Reporting Person Source of Funds Purchase Price
---------------- --------------- --------------
NFP Working Capital $ 488,279.25
RRC Working Capital $ 6,721.44
Robert N. Downey Personal Funds $ 54,999.63
Item 5. Interest in Securities of the Issuer.
-------------------------------------
Set forth in the table below is the aggregate number of shares of
Common Stock beneficially owned as of the date hereof by each of the Reporting
Persons, together with the percentage of outstanding shares of Common Stock
which is beneficially owned by each such person or entity. The ownership
percentages set forth in the table below are based on 14,856,870
<PAGE>
CUSIP NO. 654865 10 4 13D Page 14 of 32 Pages
shares of Common Stock having been outstanding immediately after the
transactions effected on January 7, 2000 pursuant to the Third Supplemental
Purchase Agreement which number of shares was derived by adding the 820,896
shares of Common Stock issued pursuant to the Third Supplemental Purchase
Agreement to the number of shares outstanding last reported by the Issuer
(14,035,974 as of December 31, 1999 as reported in the Issuer's Form 10-QSB for
the quarter ended November 30, 1999). 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 owned by each such
person. 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.
Amount and Nature of
Beneficial Ownership
--------------------
% of
Stock
Name of Shares Owned Has Right Out-
Beneficial Owner Currently to Acquire(1) Total standing
- ---------------- --------- ------------- ----- --------
NFP 2,802,189 7,005,472 9,807,661 44.86%
Andrew H. Tisch 160,000(2) 125,000(2)(3) 285,000(2)(3) 1.90%(2)
JMC 96,438 241,095 337,533 2.24%
Capozzi 100,000(4) 75,000(4) 175,000(4) 1.17%
RRC 58,251 145,628 203,879 1.36%
Barry L. Bloom 122,508 306,270 428,778 2.83%
Robyn Samuels 55,001 137,502 192,503 1.28%
Paul A. Downey 96,438 241,095 337,533 2.24%
Robert N. Downey 757,153 1,892,883 2,650,036 15.82%
Robert H. Savage 134,694 336,735 471,429 3.10%
Thomas M. Steinberg 158,223 395,558 553,781 3.63%
------- ----------- ----------
Total 4,540,895 10,902,238 15,443,133
(1) Includes shares of Common Stock issuable upon exercise of Purchase
Agreement Warrants, Supplemental Purchase Agreement Warrants, Second
Supplemental Purchase Agreement Warrants and Third Supplemental Purchase
Agreement Warrants held by the Purchase Agreement Investors, warrants held
by Mr. Tisch reported in note 3 below and Consultant Warrants held by Mr.
Capozzi reported in note 4 below.
(2) Does not include shares owned by NFP.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 15 of 32 Pages
(3) 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.
(4) Shares in the "Shares 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.
Each person listed above has sole power to vote or direct the vote and
sole power to dispose or direct the disposition of the shares listed after its,
his or her name, except as follows: (1) by virtue of his relationship with NFP
and certain trusts that control NFP, Mr. Tisch 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; and (2) by virtue of his status as
manager and a member of JMC, Mr. Capozzi 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 JMC. 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 Reporting
Persons.
If all of the persons listed above exercised all of their warrants,
they would collectively own 59.95% of the then-outstanding Common Stock.
The only transactions in the Common Stock effected by the Reporting
Persons during the sixty days preceding the date hereof were the acquisition by
NFP, RRC and Robert N. Downey on January 7, 2000 from the Issuer in a private
placement pursuant to the Third Supplemental Purchase Agreement of an aggregate
of 820,896 Third Supplemental Purchase Agreement Units. NFP purchased 728,775
units, RRC purchased 10,032 units and Mr. Downey purchased 82,089 units, all at
a price of $0.67 per unit. None of the other Reporting Persons effected any
other transactions in the Common Stock during the 60 days preceding the date
hereof.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
-----------------------------------------
On January 7, 2000, the Issuer, NFP, RRC, Robert N. Downey, Sam Oolie
and Samuel Gottfried entered into the Third Supplemental Common Stock and
Five-Year Warrant Purchase Agreement, dated as of January 7, 2000 (the "Third
Supplemental Purchase
<PAGE>
CUSIP NO. 654865 10 4 13D Page 16 of 32 Pages
Agreement"). This agreement allows NFP, RRC and Robert Downey (the "Third
Supplemental Purchase Agreement Investors") to purchase a total of 1,641,792
units (the "Third Supplemental Purchase Agreement Units") at a price of $0.67
per unit. Each unit consists of one share of Common Stock and five-year warrants
(the "Third Supplemental Purchase Agreement Warrants") to purchase 2.5 shares of
Common Stock at an exercise price of $0.67 per share. On January 7, 2000, the
Third Supplemental Purchase Agreement Investors purchased an aggregate of
820,896 Third Supplemental Purchase Agreement Units for total aggregate
consideration of $550,000.32. The Third Supplemental Purchase Agreement sets
forth conditions for the purchase of the remaining 820,896 units. If these
conditions are satisfied, the Third Supplemental Purchase Agreement Investors
may, on or before April 30, 2000, elect to purchase the remaining Third
Supplemental Purchase Agreement Units.
The Third Supplemental Purchase Agreement amended Section 2.1(b) of the
Common Stock and Five-Year Warrant Purchase Agreement, dated as of June 15,
1998, among the Issuer, NFP, RRC, JMC, Barry L. Bloom, Robyn Samuels, Paul A.
Downey, Robert N. Downey, Robert H. Savage, Thomas M. Steinberg, Sam Oolie and
Samuel Gottfried (the "Purchase Agreement"), to provide that the option to
purchase up to 200,000 Second Tranche Units may be exercised at any time from
August 31, 1999 through February 28, 2001. The Third Supplemental Purchase
Agreement also amended Section 2.2 of the Purchase Agreement to provide that the
option to purchase up to 666,667 Second Closing Units may be exercised at any
time from September 15, 1999 through March 15, 2001.
Item 7. Material to be filed as Exhibits.
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 original Schedule 13D)
Exhibit 3. Form of Warrant. (Attached to the Purchase Agreement as Exhibit A).
(Incorporated herein by reference to Exhibit 3 to the original
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 original 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.
(Incorporated herein by reference to Exhibit 5 to Amendment No. 1
to the original Schedule 13D)
<PAGE>
CUSIP NO. 654865 10 4 13D Page 17 of 32 Pages
Exhibit 6. Second Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of March 22, 1999 between the Issuer, the
Purchase Agreement Investors, Sam Oolie and Samuel Gottfried.
(Incorporated herein by reference to Exhibit 6 to Amendment No. 3
to the original Schedule 13D)
Exhibit 7. Third Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of January 7, 2000 between the Issuer, Sam
Oolie, Samuel Gottfried, NFP, RRC and Robert N. Downey.
<PAGE>
CUSIP NO. 654865 10 4 13D Page 18 of 32 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.
February 7, 2000 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
BARRY L. BLOOM
By /s/ Barry L. Bloom
---------------------------------
Barry L. Bloom
ROBYN SAMUELS
By /s/ Robyn Samuels
---------------------------------
Robyn Samuels
PAUL A. DOWNEY
By /s/ Paul A. Downey
---------------------------------
Paul A. Downey
<PAGE>
CUSIP NO. 654865 10 4 Page 19 of 32 Pages
ROBERT N. DOWNEY
By /s/ Robert N. Downey
---------------------------------
Robert N. Downey
ROBERT H. SAVAGE
By /s/ Robert H. Savage
---------------------------------
Robert H. Savage
THOMAS M. STEINBERG
By /s/ Thomas M. Steinberg
---------------------------------
Thomas M. Steinberg
JOHN CAPOZZI
By /s/ John Capozzi
---------------------------------
John Capozzi
ANDREW H. TISCH
By /s/ Andrew H. Tisch
---------------------------------
Andrew H. Tisch
<PAGE>
CUSIP NO. 654865 10 4 Page 20 of 32 Pages
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 original Schedule 13D)
Exhibit 3. Form of Warrant. (Attached to the Purchase Agreement as Exhibit A).
(Incorporated herein by reference to Exhibit 3 to the original
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 original 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.
(Incorporated herein by reference to Exhibit 5 to Amendment No. 1
to the original Schedule 13D)
Exhibit 6. Second Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of March 22, 1999 between the Issuer, the
Purchase Agreement Investors, Sam Oolie and Samuel Gottfried.
(Incorporated herein by reference to Amendment No. 3 to the
original Schedule 13D)
Exhibit 7. Third Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of January 7, 2000 between the Issuer, Sam
Oolie, Samuel Gottfried, NFP, RRC and Robert N. Downey.
<PAGE>
CUSIP NO. 654865 10 4 Page 21 of 32 Pages
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. 5, dated
January 7, 2000, 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: February 7, 2000 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
BARRY L. BLOOM
By /s/ Barry L. Bloom
---------------------------------
Barry L. Bloom
ROBYN SAMUELS
By /s/ Robyn Samuels
---------------------------------
Robyn Samuels
<PAGE>
CUSIP NO. 654865 10 4 Page 22 of 32 Pages
PAUL A. DOWNEY
By /s/ Paul A. Downey
---------------------------------
Paul A. Downey
ROBERT N. DOWNEY
By /s/ Robert N. Downey
---------------------------------
Robert N. Downey
ROBERT H. SAVAGE
By /s/ Robert H. Savage
---------------------------------
Robert H. Savage
THOMAS M. STEINBERG
By /s/ Thomas M. Steinberg
---------------------------------
Thomas M. Steinberg
JOHN CAPOZZI
By /s/ John Capozzi
---------------------------------
John Capozzi
ANDREW H. TISCH
By /s/ Andrew H. Tisch
---------------------------------
Andrew H. Tisch
<PAGE>
CUSIP NO. 654865 10 4 Page 23 of 32 Pages
EXHIBIT 7
NoFire Technologies, Inc.
Third Supplemental Common Stock and Five-Year Warrant
Purchase Agreement
This Agreement is made as of January 7, 2000 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 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, during October 1998, the Company determined that in order to
proceed with its business plan it would require financing of up to $480,000
through March 31, 1999 in addition to that contemplated under the Original
Agreement and accordingly negotiated and entered into a Supplemental Common
Stock and Five-Year Warrant Purchase Agreement dated as of October 26, 1998 (the
"First Supplemental Purchase Agreement") providing for funding by the
Supplemental Purchasers parties thereto of up to $480,000 through the purchase
by such Supplemental Purchasers of additional investment units consisting of
Shares and Warrants subject to the terms and conditions thereof, including an
amendment of the Original Agreement, and
WHEREAS, during March 1999, the Company determined that in order to
continue its business plan it would require further financing of up to $800,000
through September 22, 1999 in addition to that contemplated under the Original
Agreement and the First Supplemental Purchase Agreement and accordingly
negotiated and entered into a Second Supplemental Common Stock and Five-Year
Warrant Purchase Agreement dated as of March 22, 1999 (the "Second Supplemental
Purchase Agreement") providing for funding by the Supplemental Purchasers
parties thereto of up to $800.000.64 through the purchase by such Supplemental
Purchasers of additional units consisting of Shares and Warrants subject to the
terms and conditions thereof, including a further amendment of the Original
Agreement, and
WHEREAS, after drawing down and spending full amounts provided by the
Original Agreement, the First Supplemental Purchase Agreement and the Second
Supplemental Purchase Agreement, the Company determined during the fall of 1999
that it would require further
<PAGE>
CUSIP NO. 654865 10 4 Page 24 of 32 Pages
financing of up to $1,100,000 to continue its current business plan during the
Year 2000, $200,000 of which it obtained on December __, 1999 on an emergency
demand loan basis from one of the Supplemental Purchasers hereto, and
WHEREAS, the Supplemental Purchasers are willing to provide additional
financing of up to $1,100,000.64 through the purchase of additional investment
units consisting of Shares and Warrants subject to the terms and conditions of
this Third Supplemental Common Stock and Five-Year Warrant Purchase Agreement,
including a further amendment of the Original Agreement and a provision
requiring repayment in full of the $200,000 emergency demand loan at the First
Closing provided below,
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 1,641,792 Shares and five-year Warrants to purchase up to 4,104,480
additional Shares at an exercise price of $.67 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 1,641,792 investment units each
consisting of 1 Share and five-year 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 $.67 per investment unit or
a maximum purchase price of up to a total amount of $1,100,000.64.
2. Closings of Purchases and Sales. When and as requested, the Supplemental
-------------------------------
Purchasers hereby agree to wire transfer immediately available funds in an
amount equal to their respective 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. The Initial Closing will take place on Friday, January 7,
2000, and to accomplish such closing, the Supplemental Purchasers hereby agree
to wire to the designated account the respective purchase price amounts set
forth in Schedule 2 as due at the First Closing. In order to obtain any further
financing hereunder, the Company must on or before April 30, 2000 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
<PAGE>
CUSIP NO. 654865 10 4 Page 25 of 32 Pages
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 equal to the aggregate purchase price amount
divided by the $0.67 investment unit purchase price, 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 April 30, 2000 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 or the Agent 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 without reason or explanation, or for any reason.
3. Repayment of Loan. At the First Closing, the Company shall repay the full
-----------------
$200,000 principal amount of the emergency demand loan plus accrued interest.
4. 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 Schedule 3 are true and correct in
all material respects as of the date hereof.
5. Representations and Warranties of Each Supplemental Purchaser. Each
-------------------------------------------------------------
Supplemental Purchaser severally represents and warrants that the
representations and warranties set forth in Schedule 4 are true and correct in
all material respects as of the date hereof.
6. Survival of Representations and Warranties and Indemnification.
--------------------------------------------------------------
<PAGE>
CUSIP NO. 654865 10 4 Page 26 of 32 Pages
6.1 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 4 and 5, respectively, shall survive
each closing and remain in full force and effect until the expiration of any
applicable limitations period.
6.2 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.
6.3 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.
7. 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 has taken action 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.
8. Further Amendment of Original Agreement. The Company hereby agrees to
---------------------------------------
further amend Section 2.1(b) and Section 2.2 of the Original Agreement to
provide that (a) while the Purchasers shall have no obligation to purchase
investment units at a Tranche 2 Closing unless the condition therefor shall have
been met by August 31, 1999, they shall have the right to purchase up to 200,000
investment units consisting of 1 Share (a total of 200,000 Shares) and five-year
Warrants to purchase 2.5 Shares at an exercise price of $.75 per share (a total
of 500,000 shares) for a purchase price of $.75 per investment unit (a total
purchase price of up to $150,000) at a Tranche 2 Closing at any time from August
31, 1999 through February 28, 2001, and (b) the Purchasers shall have the right
(but not the obligation unless the condition therefor has been met by August 31,
1999) to purchase up to 666,667 further investment units consisting
<PAGE>
CUSIP NO. 654865 10 4 Page 27 of 32 Pages
of 1 Share (a total of 666,667 Shares) and Warrants to purchase 2.5 Shares at an
exercise price of $.75 per share (a total of 1,666,668 Shares) for a purchase
price of $.75 per investment unit (a total purchase price of up to $500,000.25)
at the Second Closing at any time from September 15, 1999 through March 15,
2001. Schedule 2 sets forth the Share and Warrant allocations and Purchase Price
Amounts.
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: Robert R. Isen, Chief Executive Officer
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 3
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.
<PAGE>
CUSIP NO. 654865 10 4 Page 28 of 32 Pages
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>
CUSIP NO. 654865 10 4 Page 29 of 32 Pages
COUNTERPART SIGNATURE PAGE
THIRD 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 Purchasers
- ----------- ----------
NoFire Technologies, Inc. NF Partners, LLC
By: /s/ Robert R. Isen By: /s/ Andrew H. Tisch
--------------------------- -----------------------------------
Robert R. Isen, CEO Andrew H. Tisch, Manager
Ravitch Rice & Company LLC
Principal Stockholders By: /s/ Donald S. Rice
- ---------------------- ----------------------------------
Donald S. Rice, Managing Dir.
/s/ Sam Oolie
- ------------------------------
Sam Oolie
/s/ Robert N. Downey
---------------------------------------
/s/ Samuel Gottfried Robert N. Downey
- ------------------------------
Dr. Samuel Gottfried
<PAGE>
CUSIP NO. 654865 10 4 Page 30 of 32 Pages
SCHEDULE 1
Third Supplemental Purchase and Maximum Potential Purchase
Amount
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Maximum
Potential Pro Rata
Supplemental Purchaser # Shares # Warrants Purchase Price Percentage
- ---------------------- -------- ---------- -------------- ----------
NF Partners, LLC 1,457,550 3,643,875 976,558.50 88.778%
Robert Downey 164,179 410,448 109,999.93 10.000%
Ravitch Rice & Co. LLC 20,063 50,157 13,442.21 1.222%
---------- ---------- ------------- ---------
Totals 1,641,792 4,104,480 $1,100,000.64 100.000%
</TABLE>
<PAGE>
CUSIP NO. 654865 10 4 Page 31 of 32 Pages
SCHEDULE 2
Initial Closing
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Maximum
Potential Pro Rata
Purchaser # Shares # Warrants Purchase Price Percentage
- --------- -------- ---------- -------------- ----------
NF Partners, LLC 728,775 1,821,937 488,279.25 88.778%
Robert Downey 82,089 205,224 54,999.63 10.000%
Ravitch Rice & Co. LLC 10,032 25,079 6,721.44 1.222%
------ ------ -------- ------
Totals 820,896 2,052,240 $550,000.32 100.000%
Subsequent Closing (assuming full funding)
Maximum
Potential Pro Rata
Purchaser # Shares # Warrants Purchase Price Percentage
- --------- -------- ---------- -------------- ----------
NF Partners, LLC 728,775 1,821,938 488,279.25 88.778%
Robert Downey 82,090 205,224 55,000.30 10.000%
Ravitch Rice & Co. LLC 10,031 25,078 6,720.77 1.222%
------ ------ -------- ------
Totals 820,896 2,052,240 $550,000.32 100.000%
</TABLE>
<PAGE>
CUSIP NO. 654865 10 4 Page 32 of 32 Pages
SCHEDULE 3
Supplemental Purchasers' Addresses
----------------------------------
NF Partners, LLC
667 Madison Avenue
New York, NY 10021
Attn: Mr. Andrew H. Tisch
Ravitch Rice & Company LLC
610 Fifth Avenue, Suite 420
New York, NY 10020
Attn: Mr. Donald S. Rice
Robert N. Downey
755 Park Avenue
New York, NY 10021
