UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
On2.com Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
68338A-10-7
--------------------------------------------------------------------------------
(CUSIP Number)
--------------------------------------------------------------------------------
Joseph B. Wollard, Esq.
Citigroup Inc.
425 Park Avenue, 3rd Floor
New York, NY 10043
(212) 793-7167
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 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).
<PAGE>
---------------------------- -------------------------
CUSIP No. 68338A-10-7 SCHEDULE 13D Page 1 of 17 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Travelers Insurance Company ("TIC")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) |_|
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
-----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
2,445,762**
-----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
2,445,762**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,445,762**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.2%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**Represents 1,600,000 shares of Common Stock directly beneficially owned by TIC
and 845,762 shares of Common Stock indirectly beneficially owned by TIC through
ownership of 400,000 Preferred Stock Purchase Units ("Company Units") issued by
On2.com Inc. (the "Company"). Each Company Unit consists of one share of no par
value Series A Convertible Preferred Stock ("Series A Preferred") and one
warrant ("Series A Warrant")to purchase 1.114404 shares of Common Stock at an
exercise price of $3.14 per share. Each share of Series A Preferred is
non-voting and may be converted at the Reporting Person's option, at any time,
into one share of the Company's Common Stock.
<PAGE>
----------------------------- ------------------------------
CUSIP No. 68338A-10-7 SCHEDULE 13D Page 2 of 17 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Travelers Indemnity Company ("Travelers Indemnity")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) |_|
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
-----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
7,436,939**
-----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,436,939**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436,939**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.8%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (1) 3,104,717 shares of Common Stock directly beneficially owned
by Travelers Indemnity, (2) 2,276,842 shares of Common Stock indirectly
beneficially owned by Travelers Indemnity through ownership of warrants
("Warrants") issued by the Company, and (3) 2,055,380 shares of Common Stock
indirectly beneficially owned by Travelers Indemnity through ownership of
1,644,304 shares of Series C Convertible Preferred Stock ("Series C Preferred")
and Warrants ("Series C Warrants") to purchase up to 12.5%, or 411,076 shares,
of the Common Stock into which the Series C Preferred is initially convertible.
<PAGE>
----------------------------- ----------------------------
CUSIP No. 68338A-10-7 SCHEDULE 13D Page 3 of 17 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Travelers Property Casualty Corp. ("TAP")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
-----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
7,436,939**
-----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,436,939**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436,939**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.8%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares beneficially owned by Travelers Indemnity.
<PAGE>
------------------------------ ----------------------------
CUSIP No. 68338A-10-7 SCHEDULE 13D Page 4 of 29 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Travelers Insurance Group Inc. ("TIGI")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
-----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
9,882,701**
-----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,882,701**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,882,701**
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Travelers Indemnity and TIC.
<PAGE>
------------------------------- -------------------------
CUSIP No. 68338A-10-7 SCHEDULE 13D Page 5 of 17 Pages
--------------------------------------------------------------------------------
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PFS Services, Inc. ("PFS")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
--------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
-----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
9,882,701**
-----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,882,701**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,882,701**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Travelers Indemnity and TIC.
<PAGE>
--------------------------- -------------------------
CUSIP No. 68338A-10-7 SCHEDULE 13D Page 6 of 17 Pages
------------- ------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Associated Madison Companies, Inc. ("Associated Madison")
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) |_|
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
-----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
9,882,701**
-----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,882,701**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,882,701**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Travelers Indemnity and TIC.
<PAGE>
-------------------------- ------------------------------
CUSIP No. 68338A-10-7 SCHEDULE 13D Page 7 of 17 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Inc. ("Citigroup")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
-----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
10,094,445**
-----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
10,094,445**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,094,445**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.7%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Travelers Indemnity, TIC and
other subsidiaries of Citigroup Inc.
<PAGE>
SCHEDULE 13D
This Amendment No. 1 to a Schedule 13D filed on May 17, 2000 relates to the
Common Stock, no par value, of On2.com Inc. (the "Company"). Information
contained in the original Schedule 13D remains in effect except to the extent
that it is superseded by subsequently filed information, including the
information contained in this Amendment No. 1. Information given in response to
each item shall be deemed incorporated by reference in all other items. Terms
used and not defined herein have the meaning ascribed to them in said Schedule
13D.
Page 8
of 17 pages
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The response to Item 3 of the Schedule 13D is hereby amended and
supplemented as follows.
Travelers Indemnity
-------------------
On June 7, 2000 Travelers Indemnity purchased 1,644,304 shares of the
Company's Series C Convertible Preferred Stock ("Series C Preferred") and
Warrants ("Series C Warrants") to purchase up to 12.5%, or 411,076 shares,
of the Common Stock into which the Series C Preferred is initially
convertible. Travelers Indemnity may convert each Series C Preferred share
and each Series C Warrant into one share of Common Stock at any time. The
aggregate purchase price for the Series C Preferred and Series C Warrants
was $10 million. The source of funds was Travelers Indemnity's working
capital.
Item 4. Purpose of Transaction.
----------------------
The response to Item 4 of the Schedule 13D is hereby amended and
supplemented as follows.
At the Company's Annual Meeting of Shareholders on May 17, 2000, Jack L.
Rivkin, an employee of an affiliate of Travelers Indemnity and TIC, was
elected by the Company's shareholders to serve on the Company's Board of
Directors until the Company's next Annual Meeting of Shareholders.
Page 9
of 17 pages
<PAGE>
Item 5. Interest in Securities of the Company.
-------------------------------------
The response to Item 5 of the Schedule 13D is hereby amended and
supplemented as follows.
The percentages calculated in this Item 5 are based upon 29,958,146 shares
of Common Stock outstanding, including 24,780,162 shares of Common Stock
outstanding as of April 13, 2000 as disclosed in the Company's Schedule
14A filed April 24, 2000 and 5,177,984 shares of Common Stock issuable to
Travelers Indemnity and TIC.
TIC
---
The following information is being provided as of June 15, 2000 with
respect to TIC's direct beneficial ownership of the Company's Common
Stock.
(a) Amount Beneficially Owned: 2,445,762
(b) Percent of Class: 8.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote.......................... 0
(ii) shared power to vote or direct
the vote.......................... 2,445,762
Page 10
of 17 pages
<PAGE>
(iii) sole power to dispose or to direct
the disposition of................... 0
(iv) shared power to dispose or to direct
the disposition of................... 2,445,762
Travelers Indemnity
-------------------
The following information is being provided as of June 15, 2000 with
respect to Travelers Indemnity's beneficial ownership of the Company's
Common Stock.
(a) Amount Beneficially Owned: 7,436,939
(b) Percent of Class: 24.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote............................ 0
(ii) shared power to vote or direct
the vote............................ 7,436,939
(iii) sole power to dispose or to direct
the disposition of.................. 0
(iv) shared power to dispose or to direct
the disposition of.................. 7,436,939
Page 11
of 17 pages
<PAGE>
TAP
---
The following information is being provided as of June 15, 2000 with
respect to TAP's indirect beneficial ownership of the Company's Common
Stock.
(a) Amount Beneficially Owned: 7,436,939
(b) Percent of Class: 24.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote............................ 0
(ii) shared power to vote or direct
the vote............................ 7,436,939
(iii) sole power to dispose or to direct
the disposition of................ 0
(iv) shared power to dispose or to direct
the disposition of................ 7,436,939
TIGI
----
The following information is being provided as of June 15, 2000
with respect to TIGI's indirect beneficial ownership of the Company's
Common Stock.
(a) Amount Beneficially Owned: 9,882,701
(b) Percent of Class: 33%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote............................ 0
Page 12
of 17 pages
<PAGE>
(ii) shared power to vote or direct
the vote............................ 9,882,701
(iii) sole power to dispose or to direct
the disposition of.................. 0
(iv) shared power to dispose or to direct
the disposition of.................. 9,882,701
PFS
---
The following information is being provided as of June 15, 2000 with
respect to PFS's indirect beneficial ownership of the Company's Common
Stock.
(a) Amount Beneficially Owned: 9,882,701
(b) Percent of Class: 33%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote........................ 0
(ii) shared power to vote or direct
the vote............................ 9,882,701
(iii) sole power to dispose or to direct
the disposition of.................. 0
(iv) shared power to dispose or to direct
the disposition of.................. 9,882,701
Page 13
of 17 pages
<PAGE>
Associated Madison
The following information is being provided as of June 15, 2000 with
respect to Associated Madison's indirect beneficial ownership of the
Company's Common Stock.
(a) Amount Beneficially Owned: 9,882,701
(b) Percent of Class: 33%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote........................ 0
(ii) shared power to vote or direct
the vote............................ 9,882,701
(iii) sole power to dispose or to direct
the disposition of.................. 0
(iv) shared power to dispose or to direct
the disposition of.................. 9,882,701
Citigroup
The following information is being provided as of June 15, 2000 with
respect to Citigroup's indirect beneficial ownership of the Company's
Common Stock.
(a) Amount Beneficially Owned: 10,094,445
(b) Percent of Class: 33.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote........................ 0
Page 14
of 17 pages
<PAGE>
(ii) shared power to vote or direct
the vote............................10,094,445
(iii) sole power to dispose or to direct
the disposition of.................. 0
(iv) shared power to dispose or to direct
the disposition of..................10,094,445
Page 15
of 17 pages
<PAGE>
Signature
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Dated: June 16, 2000
The Travelers Indemnity Company
-------------------------------
By: /s/ Paul Eddy
---------------------------
Name: Paul Eddy
Title: Assistant Secretary
The Travelers Insurance Company
-------------------------------
By: /s/ Millie Kim
---------------------------
Name: Millie Kim
Title: Assistant Secretary
Travelers Property Casualty Corp.
---------------------------------
By: /s/ Paul Eddy
---------------------------
Name: Paul Eddy
Title: Assistant Secretary
Page 16
of 17 pages
<PAGE>
Dated: June 16, 2000
Travelers Insurance Group Inc.
------------------------------
By: /s/ Joseph B. Wollard
---------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
PFS Services, Inc.
------------------
By: /s/ Joseph B. Wollard
---------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Associated Madison Companies, Inc.
----------------------------------
By: /s/ Joseph B. Wollard
---------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Citigroup Inc.
--------------
By: /s/ Joseph B. Wollard
---------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Page 17
of 17 pages
