AMENDED AND RESTATED
--------------------
AGREEMENT AND PLAN OF EXCHANGE
------------------------------
This Amended and Restated Agreement and Plan of Exchange ("Agreement")
is entered into, as of the "Effective Date" defined below, by and among Internet
Venture Group, Inc., a Florida Corporation ("iVG"), Swan Magnetics, Inc., a
California corporation ("Swan") and the shareholders of Swan who execute this
Agreement subject to acceptance by iVG (collectively the "Participating
Shareholders").
RECITALS
--------
WHEREAS, iVG and Swan executed an Agreement and Plan of Exchange, dated
June 28, 2000 (the "Original Agreement") regarding a share exchange transaction;
WHEREAS, Section 8 of the Original Agreement contemplated the execution
of final documentation including an acquisition agreement; and
WHEREAS, iVG and Swan wish to enter into this Agreement to supplement,
modify and amend the terms and conditions set forth in the Original Agreement,
to add the Participating Shareholders as parties to the share exchange
transaction and to finalize the documentation of such transaction;
NOW THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
expressly acknowledged, the parties agree as follows:
1. DEFINITIONS.
(a) "Accredited Investor" shall have the meaning set forth in
Regulation D.
(b) "Affiliate" shall mean any officer, director, shareholder,
subsidiary, parent, brother entity or sister entity of iVG.
(c) "Capital Stock" shall refer to the total issued and outstanding
capital stock of either iVG or Swan and shall be calculated on a fully diluted
basis that shall include all issued and outstanding options or warrants to
purchase the capital stock of the parties.
(d) "Common Stock" shall refer to the common stock of Swan or iVG.
(e) "Closing Date" shall have the meaning set forth in Section 7.
(f) "Effective Date" shall mean the date of the Original Agreement.
(g) "Exchange Ratio" shall mean the ratio determined by dividing twenty
million (20,000,000) by the total number of shares of Swan Common Stock held by
all of the Participating Shareholders following the conversion of the Preferred
Stock in accordance with Section 3(a) and immediately prior to the Exchange set
forth in Section 3(b).
<PAGE>
(h) "Preferred Stock" shall mean the Preferred Stock of Swan.
(i) "Regulation D" shall mean Regulation D as promulgated under the
Securities Act of 1933.
(j) "Trading Price" shall mean the closing bid price for iVG common
stock on the NASDAQ OTC BB exchange or any other automated quotation system or
national exchange (or if more than one is applicable, the system or exchange
with the greatest volume) on July 27, 2000.
2. AMENDMENT.
Swan and iVG agree that the Original Agreement shall be amended and
restated in its entirety by this Agreement. This Agreement supersedes the
Original Agreement. Any terms or conditions set forth in the Original Agreement
which contravene, contradict, add to or differ from the terms and conditions set
forth herein shall have no legal effect and shall not be binding upon Swan or
iVG.
3. PLAN OF EXCHANGE.
The share exchange (the "Exchange") shall take place as follows:
(a) First, the Participating Shareholders who own Preferred Stock shall
automatically convert their respective shares to shares of Swan Common Stock in
accordance with the certificates of determination of preferences and other terms
and conditions that are applicable to their series of Preferred Stock. All such
shareholders by executing this Agreement shall be deemed to have made an
election to immediately and automatically convert their Preferred Stock as of
the Closing Date.
(b) Second, each Participating Shareholder shall receive his or her pro
rata portion of the Exchange Shares (as defined below) in exchange for his or
her Swan Common Stock; subject to the conditions set forth herein. The Exchange
will occur on the Closing Date.
4. EXCHANGE SHARES.
The number of shares of iVG Common Stock to be delivered to the
Participating Shareholders in exchange for their shares of Swan Common Stock
(the "Exchange Shares") shall be determined as follows.
(a) NUMBER OF SHARES. The number of Exchange Shares (of iVG Common) to
be received by a Participating Shareholder shall be equal to (i) the total
number of shares of Swan Common Stock held by such Participating Shareholder on
the Closing Date including any Swan Common Stock which is received as a result
of the conversion of Preferred Stock held by the Participating Shareholder as of
the Closing Date pursuant to Section 3(a); multiplied by (ii) the Exchange
Ratio.
<PAGE>
(b) FRACTIONAL SHARES. iVG shall not issue any fractional shares to the
Participating Shareholders. In lieu of any fractional shares determined under
(a) above, iVG shall at its election either (i) round the Exchange Shares up to
the next whole number or (ii) pay an amount of cash equal to any fractional
share multiplied by the iVG Trading Price.
(c) CLASS OF IVG STOCK TO BE EXCHANGED. Payment of iVG shares as set
forth in this section shall consist of shares of Common Stock of iVG that bear a
restriction legend under rule 144 of Securities Act of 1933 preventing the sale
of the underlying securities for a period of twelve (12) months from the date of
issue.
(d) STOCK LEGENDS. Each Exchange Share will be imprinted with a legend
substantially in the following form:
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR
QUALIFIED UNDER ANY APPLICABLE STATE SECURITIES LAWS (THE "STATE
ACTS"), HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, PLEDGED,
HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO A REGISTRATION
STATEMENT UNDER THE SECURITIES ACT AND QUALIFICATION UNDER THE STATE
ACTS OR EXEMPTIONS FROM SUCH REGISTRATION OR QUALIFICATION REQUIREMENTS
(INCLUDING, IN THE CASE OF THE SECURITIES ACT, THE EXEMPTION AFFORDED
BY RULE 144). UNLESS WAIVED BY THE ISSUER, THE ISSUER SHALL BE
FURNISHED WITH AN OPINION OF COUNSEL OPINING AS TO THE AVAILABILITY OF
EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION AS A PRECONDITION
TO ANY SUCH TRANSFER.
(e) TRANSFER. Each Participating Shareholder who wishes to transfer the
Exchange Shares must furnish iVG with (i) a written opinion reasonably
satisfactory to iVG in form and substance from counsel reasonably satisfactory
to iVG by reason of experience to the effect that the holder may transfer such
shares as desired without registration under the Securities Act and (ii) a
written undertaking executed by the desired transferee reasonably satisfactory
to iVG in form and substance agreeing to be bound by the restrictions on
transfer contained herein.
5. REPRESENTATIONS AND WARRANTIES OF PARTICIPATING SHAREHOLDERS
Each of the Participating Shareholders represent and warrant to iVG
that the statements contained in this section 5 are correct and complete as of
the Effective Date and will be correct and complete as of the Closing Date with
respect to himself, herself or itself.
(a) The Participating Shareholder has full right, power and authority
to execute and deliver this Agreement and to perform the obligations thereunder.
<PAGE>
(b) The Participating Shareholder holds the Swan common stock and
Preferred Stock which shall be converted to Swan common stock free and clear of
all liens, encumbrances, charges, security interests, claims, pledges or
contractual restrictions except for any that are waived by Swan pursuant to
Section 6.
6. WAIVER BY SWAN.
Swan hereby waives its rights to purchase or repurchase its shares, its
rights of first refusal or first offer with respect to the transfer of its
shares, and any rights to notice or consent relating to the foregoing with
respect to (i) the Swan Preferred Stock held by the Participating Shareholders
which is converted pursuant to Section 3(a); and (ii) the Swan common stock held
by the Participating Shareholders which is transferred to iVG pursuant to this
Agreement. This waiver is made to facilitate the Exchange and it is conditioned
on the closing of this Exchange. This waiver shall be construed in the narrowest
sense to effectuate the purposes of the Exchange and Swan shall continue to hold
and maintain all rights not specifically waived.
7. CLOSING.
(a) The Closing Date. This Exchange transaction shall close on
September 29, 2000 or at such other time that is mutually agreeable to iVG and
Swan (the "Closing Date"); provided that iVG and Swan are satisfied that the
conditions to closing set forth in Section 8 have been satisfied or have been
waived in writing. However, in no event shall the Closing Date occur later than
December 31, 2000.
(b) Determination of Participating Shareholders. On or before the
Closing Date, each of the Swan shareholders who elect to participate in this
Exchange Transaction shall be approved or rejected by iVG. iVG intends to accept
each Swan shareholder who has executed this Agreement and the related agreements
and documents which are presented by iVG or Swan to the Swan Shareholder for
execution (the "Transaction Documents"), delivered the Transaction Agreements to
iVG, and who, to the satisfaction of ivG, qualifies as an Accredited Investor.
It is also the intent of iVG to reject any Swan Shareholder who has not
satisfied these requirements. Notwithstanding the foregoing, if the only reason
for rejection of the Swan shareholder by iVG is based solely on such
shareholder's failure to qualify as an Accredited Investor, iVG may accept such
shareholder if he or she meets certain sophistication standards set forth in
Regulation D (a "Sophisticated Investor") and such acceptance would, in iVG's
discretion, be in compliance with the requirements of Regulation D. Subject to
its sole discretion, iVG reserves the right to (i) determine whether to accept
or reject any Sophisticated Investor who fails to qualify as an Accredited
Investor; (ii) determine the maximum number of non-accredited Sophisticated
Investors who may be accepted (which in no event shall exceed thirty-five (35),
the maximum number allowed under Regulation D) and (iii) determine any standards
or criteria which it deems appropriate for use in such determinations.
(c) LIST OF PARTICIPATING SHAREHOLDERS. On the Closing Date, a list of
the Participating Shareholders shall be prepared by IVG and shall be delivered
to Swan.
(d) EFFECT OF CLOSING. The Exchange shall be effective as of the
Closing Date and shares of Common Stock of iVG shall be issued to the
Participating Shareholders in accordance with this Agreement.
<PAGE>
(e) EFFORT TO CLOSE TRANSACTION. Each of the parties will use its best
efforts to take all actions and to do all things necessary, proper, or advisable
in order to consummate and make effective the transactions contemplated by this
Agreement.
(f) FURTHER ASSURANCES. In case at any time after the Closing any
further action is necessary to carry out the purposes of this Agreement, each of
the parties will take such further action (including the execution and delivery
of such further instruments and documents) as any other party reasonably may
request, all at the sole cost and expense of the requesting party.
8. CONDITIONS TO CLOSING.
The parties agree that the following conditions must be satisfied prior
to the closing of the Exchange transaction:
(a) The Participating Shareholders shall offer or agree to exchange
Shares representing eighty percent (80%) or more of the Capital Stock of Swan on
an as converted fully diluted basis to iVG in the Exchange.
(b) iVG and Swan shall have had the opportunity to perform all due
diligence activities that their respective officers deem necessary and
appropriate.
(c) All governmental and third party consents necessary to authorize
the execution and delivery of the Agreement shall have been obtained.
(d) iVG and Swan shall be in good standing in the states of their
respective incorporations, and both shall be qualified to do business in the
jurisdictions in which their respective business operations and assets require
them to be so qualified.
(e) There shall be no default under the terms of this Agreement.
(f) There shall have been no material detrimental change in the
financial condition or assets of either iVG or Swan as reflected in the balance
sheets of each company attached hereto and marked as Exhibit "A": iVG
Consolidated Balance Sheet March 2000, Exhibit "B:" Swan Magnetics, Inc. Pro
Forma Consolidation Balance Sheet June 2000.
(g) iVG shall have received an executed Questionnaire and Subscription
Agreement from each Participating Shareholder.
(h) Each Participating Shareholder shall qualify as an Accredited
Investor; except that a limited number of Participating Shareholders who qualify
as Sophisticated Investors but do not qualify as Accredited Investors may be
accepted subject to iVG's sole and complete discretion.
(i) The Exchange and issuance of iVG shares to the Participating
Shareholders shall be an exempt transaction so that neither iVG nor Swan is
required to file a registration statement or a permit with the Securities and
Exchange Commission or any state in which a Participating Shareholder resides
under applicable federal and state securities laws.
<PAGE>
(j) Swan or iVG shall have obtained a fairness opinion if any of such
parties deem it necessary under applicable law to obtain a fairness opinion.
(k) Each Participating Shareholder shall have delivered stock
certificates or stock power and assignment separate from certificates covering
their shares of Swan Common Stock or Preferred Stock.
(l) iVG shall have received from counsel to Swan an opinion in form and
substance agreeable to Swan and iVG which is addressed to iVG and dated as of
the Closing Date.
(m) Swan shall have received from counsel to iVG an opinion in form and
substance agreeable to Swan and iVG which is addressed to Swan and dated as of
the Closing Date.
9. TAX FREE REORGANIZATION
Swan acknowledges and agrees that the transactions contemplated by this
Agreement are to constitute a tax-free reorganization under Section 368(a) of
the Internal Revenue Code. Swan has no present intention of taking any acts
which would jeopardize the tax-free treatment of this transaction, and, shall
among other things, take those actions necessary to effect the tax-free
reorganization including those actions required by Treas. Reg. Section
1.368-3(a) (which includes the adoption of a Plan of Reorganization).
10. CONFIDENTIALITY.
Swan and iVG throughout the term of this Agreement and for two years
thereafter, shall strictly maintain the confidentiality of (i) all information
that is disclosed to them relating to the disclosing party's business, financial
condition, personnel, products, customers, strategic and business plans; (ii)
the terms of this Agreement; and (iii) either party's proprietary, trade secret
information, including, without limitation, information relating to either
party's technology, patents, intellectual property, and product designs.
11. TERMINATION.
Swan and iVG may terminate this Agreement by mutual written consent at
any time prior to the Closing Date. If the closing of the Exchange transaction
has not occurred by December 31, 2000, this Agreement shall automatically
terminate. If this Agreement is terminated, all rights and obligations of the
parties hereunder shall terminate without any liability of any party to any
other party (except for any liability of any party then in breach); provided,
however, that the confidentiality provisions contained in Section 10 above shall
survive termination.
12. MISCELLANEOUS.
(a) NO THIRD-PARTY BENEFICIARIES. Except as expressly provided herein,
this Agreement shall not confer any rights or remedies upon any person other
than the parties and their respective successors and permitted assigns.
<PAGE>
(b) ENTIRE AGREEMENT. This Agreement, including all exhibits and other
documents referred to herein, constitutes the entire agreement among the parties
and supersedes any prior understandings, agreements, or representations by or
among the parties, written or oral, to the extent they related in any way to the
subject matter hereof and may not be modified, amended or terminated except by a
written agreement specifically referring to this Agreement, signed by the
parties.
(c) SUCCESSION AND ASSIGNMENT. This Agreement shall be binding upon and
inure to the benefit of the parties named herein and their respective successors
and permitted assigns. No party may assign either this Agreement or any of a
party's rights, interests, or obligations hereunder without the prior written
approval of the parties; provided, however, that iVG may (i) assign any or all
of its rights and interests hereunder to one or more of its Affiliates and (ii)
designate one or more of its Affiliates to perform its obligations hereunder (in
any or all of which cases iVG nonetheless shall remain responsible for the
performance of all of its obligations hereunder).
(d) COUNTERPARTS. This Agreement may be executed in one or more
counterparts, including facsimile copies, each of which shall be deemed an
original but all of which together will constitute one and the same instrument.
(e) HEADINGS. The section headings contained in this Agreement are
inserted for convenience only and shall not affect in any way the meaning or
interpretation of this Agreement.
(f) GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of Florida.
(g) PREVAILING PARTY EXPENSES. If any legal action or other proceeding
is brought for the enforcement of this Agreement, or because of an alleged
dispute, breach, default or misrepresentation in connection with any provision
of this Agreement, the successful or prevailing party or parties shall be
entitled to recover reasonable attorneys' fees, sales and use taxes, court costs
and all expenses even if not taxable as court costs (including, without
limitation, all such fees, taxes, costs and expenses incident to arbitration,
appellate, bankruptcy and post-judgment proceedings), incurred in that action or
proceeding, in addition to any other relief to which such party or parties may
be entitled. Attorneys' fees shall include, without limitation, paralegal fees,
investigative fees, administrative costs, sales and use taxes and all other
charges billed by the attorney to the prevailing party.
(h) SEVERABILITY. Any term or provision of this Agreement that is
invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or
the validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction.
<PAGE>
13. OPPORTUNITY FOR INDEPENDENT REVIEW; COUNSEL AND PROFESSIONAL ADVISORS
Each of the parties acknowledges and represents that such party has had
the opportunity to consult with independent legal counsel or other professional
advisors regarding this Agreement and the transactions contemplated herein. Each
of the parties represents that such party has had an opportunity to review all
necessary documents and information provided to or executed by such party, or
through such party's professional advisors, in order to make an informed
decision regarding this Agreement and the transactions contemplated herein.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the Effective Date.
Internet Venture Group, Inc.: Swan Magnetics, Inc.
S/ ELORIAN LANDERS S/EDEN KIM
-------------------------- -----------------------------
Elorian Landers, President Eden Kim, President
[THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK,
SIGNATURE PAGES FOR PARTICIPATING SHAREHOLDERS TO FOLLOW]
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Albert J. Guerini
-------------------------------------------------
Signature of Participating Shareholder
Albert J. Guerini
-------------------------------------------------
Name of Participating Shareholder
/s/ Barbara J. Guerini
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Barbara J. Guerini
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
2045 Pachelo Pass Hwy.
Gilroy, CA 95020
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Marvin Bein
-------------------------------------------------
Signature of Participating Shareholder
Marvin Bein
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
15402 Oakmont Club Ct.
Houston, Texas 77059-5800
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ J. David Black
-------------------------------------------------
Signature of Participating Shareholder
J. David Black
-------------------------------------------------
Name of Participating Shareholder
/s/ Jeanne-Marie Black
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Jeanne-Marie Black
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
6 Horseshoe Bend
Portola Valley, CA 94028
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Leon Brown, Jr.
-------------------------------------------------
Signature of Participating Shareholder
Leon Brown, Jr.
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
5851 Potomac Dr.
Concord, NC 28027
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Bradley Bryan
-------------------------------------------------
Signature of Participating Shareholder
Bradley Bryan
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Helen Bryan
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
1122 Colorado St., Suite 301
Austin, Texas 78703
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Eric S. Chang
-------------------------------------------------
Signature of Participating Shareholder
Eric S. Chang
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
15407 Saticoy St.
Van Nuys, CA 91406
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Gary J. Ghang, M.D.
-------------------------------------------------
Signature of Participating Shareholder
Gary J. Chang, M.D.
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
417 12th St.
Santa Monica, CA 90402
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Swan Chur
-------------------------------------------------
Signature of Participating Shareholder
Swan Chur
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
645 Paseo De La Playa, Unit # 301
Redondo Beach, CA 90277
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Barry Dickman
-------------------------------------------------
Signature of Participating Shareholder
Barry Dickman
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
401 Jefferson St.
Ridgewood, NJ 07450
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Bernard Dreskin
-------------------------------------------------
Signature of Participating Shareholder
Bernard Dreskin, Trustee
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
2 Claridge Drive, Apt. 7HW
Verona, NJ 07044
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Rod Epperson
-------------------------------------------------
Signature of Participating Shareholder
Rod Epperson
-------------------------------------------------
Name of Participating Shareholder
/s/ Corliss Epperson
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Corliss Epperson
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
1012 Guadalupe # 6D
Kerrville, Texas 78028
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Ross D. Gillman
-------------------------------------------------
Signature of Participating Shareholder
Ross D. Gillman
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
220 East 65th Street, Apt. 14G
New York, NY 10021
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Stephen Granet
-------------------------------------------------
Signature of Participating Shareholder
Stephen Granet
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
13 Sheffield Road
North Caldwell, NJ 07006
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ William Han
-------------------------------------------------
Signature of Participating Shareholder
William Han
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
3010 Wilshire Blvd. # 213
Los Angeles, CA 90010
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Wataru Kanzaki
-------------------------------------------------
Signature of Participating Shareholder
Wataru Kanzaki
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
2-36-4 Ekoda Aobaku
Yokohama Japan 225-0005
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Eden Kim
-------------------------------------------------
Signature of Participating Shareholder
Eden Kim
-------------------------------------------------
Name of Participating Shareholder
/s/ Nina Kim
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Nina Kim
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
10715 Orline Ct.
Cupertino, CA 95014
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ In Chang Kim
-------------------------------------------------
Signature of Participating Shareholder
In Chang Kim
-------------------------------------------------
Name of Participating Shareholder
/s/ Chin Sook Kim
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Chin Sook Kim
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
950 Big Briar Way
La Canada, CA 91011
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Lawrence K.C. Ko
-------------------------------------------------
Signature of Participating Shareholder
Lawrence K.C. Ko
-------------------------------------------------
Name of Participating Shareholder
/s/ Lilly L. Ko
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Lilly L. Ko
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
46642 Paseo Padre Pkwy.
Fremont, CA 94539
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Robert Korody
-------------------------------------------------
Signature of Participating Shareholder
Robert Korody
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
P.O. Box 9840
Rancho Santa Fe, CA 92067
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Randy Adler
-------------------------------------------------
Signature of Participating Shareholder
Randy Adler
-------------------------------------------------
Name of Participating Shareholder
/s/ Sandra J. Adler
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Sandra J. Adler
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
180 Brisa Ct.
Shell Beach, CA 93449
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Elorian Landers
-------------------------------------------------
Signature of Participating Shareholder
Elorian Landers
-------------------------------------------------
Name of Participating Shareholder
/s/ Becky Landers
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Becky Landers
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
30 Farrell Ridge Dr.
Sugar Land, Texas 77479
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Marvin Lane
-------------------------------------------------
Signature of Participating Shareholder
Marvin Lane
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
437 Via Los Miradores
Redondo Beach, CA 90277
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Bom-Shik Lee
-------------------------------------------------
Signature of Participating Shareholder
Bom-Shik Lee
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
20425 Via Volante
Cupertino, CA 95014
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Chang-Won Lee
-------------------------------------------------
Signature of Participating Shareholder
Chang-Won Lee
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
123-8 Yeonhee-Dong
Seodaemun Gu Seoul, Korea
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Hakwoo Lee
-------------------------------------------------
Signature of Participating Shareholder
Hakwoo Lee
-------------------------------------------------
Name of Participating Shareholder
/s/ Jinhie Lee
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Jinhie Lee
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
26641 Laurel Lane
Los Altos Hills, CA 94022
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Woo Ryong Lee
-------------------------------------------------
Signature of Participating Shareholder
Woo Ryong Lee
-------------------------------------------------
Name of Participating Shareholder
/s/ Sunghae Lee
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Sunghae Lee
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
20425 Via Volante
Cupertino, CA 95014
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Gerald Z. Marer
-------------------------------------------------
Signature of Participating Shareholder
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
2521 Cowper St.
Palo Palo, CA 94301
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Dale G. Nickell
-------------------------------------------------
Signature of Participating Shareholder
Dale G. Nickell
-------------------------------------------------
Name of Participating Shareholder
/s/ Jeanne G. Nickell
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Jeanne G. Nickell
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
585 Edelweiss Dr.
San Jose, CA 95136
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Abe Rothbard
-------------------------------------------------
Signature of Participating Shareholder
Abe Rothbard
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
761 Vegas Valley Drive
Las Vegas, NV 89109
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ David Saxby
-------------------------------------------------
Signature of Participating Shareholder
David Saxby
-------------------------------------------------
Name of Participating Shareholder
/s/ Mary Ellen Saxby
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Mary Ellen Saxby
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
14946 Granite Court
Saratoga, CA 95070
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ James K. Simons
-------------------------------------------------
Signature of Participating Shareholder
James K. Simons
-------------------------------------------------
Name of Participating Shareholder
/s/ Helen Dale Simons
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Helen Dale Simons
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
2700 S. First St.
Austin, Texas 78704
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Michael W. Tate
-------------------------------------------------
Signature of Participating Shareholder
Michael W. Tate
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
Mail: P.O. Box 22655
Houston, Texas 77227
Fedx: 311 MidLane
Houston, Texas 77027
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Douglas Wells
-------------------------------------------------
Signature of Participating Shareholder
Douglas Wells
-------------------------------------------------
Name of Participating Shareholder
/s/ Marion Wells
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Marion Wells
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
902 Foothill Dr.
San Jose, CA 95123
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ William Wigmore
-------------------------------------------------
Signature of Participating Shareholder
William L. Wigmore Family Trust
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
P.O. Box 138
Glenbrook, NV 89413
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Bruce Williams
-------------------------------------------------
Signature of Participating Shareholder
Bruce Williams
-------------------------------------------------
Name of Participating Shareholder
/s/ Elaine Williams
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Elaine Williams
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
627 E. Shepherd Ave.
Fresno, CA 93720
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Wendell P. Wong, MD
-------------------------------------------------
Signature of Participating Shareholder
Wendell P. Wong, MD
-------------------------------------------------
Name of Participating Shareholder
/s/ Terry A. Wong
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Terry A. Wong
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
3517 Laurel Ave.
Manhattan Beach, CA 90266
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Roy Yaka
-------------------------------------------------
Signature of Participating Shareholder
Roy Yaka
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
378 Sposito Circle
San Jose, CA 95136
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Mariana G. Myers
-------------------------------------------------
Signature of Participating Shareholder
Mariana G. Myers
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
10605 Shirley St.
Omaha, NE 68124
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Larry W. Myers
-------------------------------------------------
Signature of Participating Shareholder
Larry W. Myers
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
10808 Prairie Hills Drive
Omaha, NE 68144
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Donghwa Liu
-------------------------------------------------
Signature of Participating Shareholder
Donghwa Liu
dba: International Service Cab
-------------------------------------------------
Name of Participating Shareholder
/s/ Gaelin Liu
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Gaelin Liu
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
6024 Montemalaga Dr.
Rancho Palos Verde, CA 90275
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Don Y. Kim
-------------------------------------------------
Signature of Participating Shareholder
Don Y. Kim
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
3430 El Camino Real
Santa Clara, CA 95051
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Byong Mok Kim
-------------------------------------------------
Signature of Participating Shareholder
Byong Mok Kim
-------------------------------------------------
Name of Participating Shareholder
/s/ Wha Shim Han
-------------------------------------------------
Signature of Participating Shareholder's Spouse
Wha Shim Han
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
8607 Nottingham Pl.
La Jolla, CA 92037
<PAGE>
PARTICIPATING SHAREHOLDER (If Individual):
/s/ Roy M. Bartlett, Jr.
-------------------------------------------------
Signature of Participating Shareholder
Roy M. Bartlett, Jr.
-------------------------------------------------
Name of Participating Shareholder
-------------------------------------------------
Signature of Participating Shareholder's Spouse
-------------------------------------------------
Name of Participating Shareholder's Spouse
Current Address of Participating Shareholder:
308 Iron Horse Ct.
Alamo, CA 94507
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
The Bass Trust
-------------------------------------------------
Name of Participating Shareholder
/s/ Charlie Bass
-------------------------------------------------
Signature
By: Charlie Bass
---------------------------------------------
Its: Trustee of the Bass Trust,
U/D/T Dated April 29, 1998
--------------------------------------------
Current Address of Participating Shareholder:
3788 Ahonui Place
Princeville, HI 96722
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Texas Mid Continent Oil & Gas
---------------------------------------------
Association Money Purchase Pension
--------------------------------------------
Plan. FBO Robert L. Looney
-------------------------------------------------
Name of Participating Shareholder
/s/ Robert L. Looney
-------------------------------------------------
Signature
By: Robert L. Looney
---------------------------------------------
Its: Plan Administrator
--------------------------------------------
Current Address of Participating Shareholder:
304 W. 13th
Austin, Texas 78701
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
WS Investment Company 94B
-------------------------------------
Name of Participating Shareholder
/s/ James A. Terranova
-------------------------------------------------
Signature
By: James A. Terranova
---------------------------------------------
Its: Administrator
--------------------------------------------
Current Address of Participating Shareholder:
650 Page Mill Road
Palo Alto, CA 94304
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Sega Enterprises, Ltd.
-------------------------------------------------
Name of Participating Shareholder
/s/ Hideki Sato
-------------------------------------------------
Signature
By: Hideki Sato
---------------------------------------------
Its: Senior Managing Director
--------------------------------------------
Current Address of Participating Shareholder:
2-12, Haneda 1-Chrome,
Ohtaku, Tokyo 144-8531, Japan
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Way Mild Company Limited
-------------------------------------------------
Name of Participating Shareholder
/s/ Ying Wing-Cheung, William
-------------------------------------------------
Signature
By: Ying Wing-Cheung, William
---------------------------------------------
Its: Managing Director
--------------------------------------------
Current Address of Participating Shareholder:
Rm 1105, Oriental Centre
67-71 Chatham Road
Kowloon, Hong Kong
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Norcaster Research Partners
-------------------------------------------------
Name of Participating Shareholder
/s/ Richard W. Hoole
-------------------------------------------------
Signature
By: Richard W. Hoole
---------------------------------------------
Its: Managing Partner
--------------------------------------------
Current Address of Participating Shareholder:
7 Uplands Road
Littleton, MA 01460
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Principal Holdings, Inc.
-------------------------------------------------
Name of Participating Shareholder
/s/ John Clayton
-------------------------------------------------
Signature
By: John Clayton
---------------------------------------------
Its: President
--------------------------------------------
Current Address of Participating Shareholder:
525 S. 300 E.
Salt Lake City, UT 84111
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Pantene Industrial Company Limited
-------------------------------------------------
Name of Participating Shareholder
/s/ Ho, Che Kong
-------------------------------------------------
Signature
By: Ho, Che Kong
---------------------------------------------
Its: Director
--------------------------------------------
Current Address of Participating Shareholder:
Unit B, 19/F, Chai Wan Industrial
Centre, 20 Lee Chung Street
Chai Wan, Hong Kong
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
James G. Morgan, DDS, MS, MD Oral & Maxillofacial Surgery, P.C.
Profit Plan
-------------------------------------------------
Name of Participating Shareholder
/s/ James G. Morgan
-------------------------------------------------
Signature
By: James G. Morgan
---------------------------------------------
Its: TTEE
--------------------------------------------
Current Address of Participating Shareholder:
8701 West Dodge Rd. 408
Omaha, NE 68114
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Long Family Trust
-------------------------------------------------
Name of Participating Shareholder
/s/ William D. Long
-------------------------------------------------
Signature
By: William D. Long
---------------------------------------------
Its: Trustee
--------------------------------------------
Current Address of Participating Shareholder:
PO Box 522
2153 Pray Meadow Road
Glenbrook, NV 89413
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Harris Family Trust u/a/d 6-19-91
-------------------------------------------------
Name of Participating Shareholder
/s/ Edward F. Harris
-------------------------------------------------
Signature
By: Edward F. Harris
---------------------------------------------
Its: Trustee
--------------------------------------------
Current Address of Participating Shareholder:
5541 Country Club Parkway
San Jose, CA 95138
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
CSK Venture Capital, Co., Ltd.
---------------------------------------------
Name of Participating Shareholder
/s/ Max Kuroishi
-------------------------------------------------
Signature
By: Max Kuroishi
---------------------------------------------
Its: Director
--------------------------------------------
Current Address of Participating Shareholder:
7F Kenchikukaikan
5-26-20 Shiba, Minato-ku,
Tokyo 108-0014 Japan
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
CSK Electronics Corporation
-------------------------------------------------
Name of Participating Shareholder
/s/ Takashi Miyano
-------------------------------------------------
Signature
By: Takashi Miyano
---------------------------------------------
Its: President
--------------------------------------------
Current Address of Participating Shareholder:
2-18-10 Soto-kanda
Chiyoda-Ku, Tokyo 101-8991 Japan
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Elan Group, LLC, Eden Kim
-------------------------------------------------
Name of Participating Shareholder
/s/ Eden Kim for Elan Group LLC
-------------------------------------------------
Signature
By: Eden Kim
---------------------------------------------
Its: Mg Dir
--------------------------------------------
Current Address of Participating Shareholder:
10715 Orline Ct.
Cupertino, CA 95014
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Wha Shim Han, M.D., Inc.
--------------------------------------------
Defined Benefit Plan (Pension Plan)
-------------------------------------------------
Name of Participating Shareholder
/s/ W.S. Han
-------------------------------------------------
Signature
By: W.S. Han
---------------------------------------------
Its: Trustee
--------------------------------------------
Current Address of Participating Shareholder:
8607 Nottingham Pl.
La Jolla, CA 92037
<PAGE>
PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):
Peter K. Ely, M.D. Employee's Retirement Trust
-------------------------------------------------
Name of Participating Shareholder
/s/ Peter K. Ely
-------------------------------------------------
Signature
By: Peter K. Ely
---------------------------------------------
Its: Trustee
--------------------------------------------
Current Address of Participating Shareholder:
1136 Louall Valley Rd
Sonoma, CA 95476
