<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 8)
E-Z Serve Corporation
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
269-329-108
(CUSIP Number)
Thomas A. Huser, Esq.
Quadrant Management, Inc.
127 East 73rd Street
New York, New York 10021
(212) 439-9292
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 1, 1998
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),
check the following box ___.
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 6 Pages
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CUSIP NO. 269-329-108 13D Page 2 of 6 Pages
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities only)
NAR Group Limited (no Fed. Employer I.D. number)
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) ___
OF A GROUP (b) ___
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ___
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin
Islands
- -------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER None
OF --------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 333,518 shares*
OWNED --------------------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER None
REPORTING --------------------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER 333,518 shares*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
333,518 shares*
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ___
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO, HC
- -------------------------------------------------------------------------------
*See Item 5.
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CUSIP NO. 269-329-109 13D Page 3 of 6 Pages
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities only)
Alan Grant Quasha
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ___
(b) ___
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ___
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
- -------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER None
OF --------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 333,518 shares*
OWNED --------------------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER None
REPORTING --------------------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER 333,518 shares*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
333,518 shares*
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ___
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- -------------------------------------------------------------------------------
*See Item 5.
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CUSIP NO. 269-329-108 13D Page 4 of 6 Pages
Item 1. Security and Issuer.
This Amendment No. 8 to Statement on Schedule 13D (the "Amendment"),
required to be filed with respect to events that occurred on June 1, 1998,
relates to the shares of Common Stock, par value $.01 per share, of E-Z Serve
Corporation, a Delaware corporation (the "Common Stock" and the "Issuer",
respectively), whose principal executive offices are located at 2550 North Loop
West, Suite 600, Houston, Texas 77092. Unless otherwise indicated, each
capitalized term used but not defined herein shall have the meaning ascribed
thereto in the original Statement on Schedule 13D, as modified by Amendments No.
1 - 7 thereto (the "Amended Statement").
Item 5. Interest in Securities of the Issuer.
Item 5 of the Amended Statement is hereby amended by inserting the
following language at the end of subsections (a) & (b) thereof:
"The Issuer has a total of 69,351,530 shares of Common Stock issued
and outstanding as of May 5, 1998.
Pursuant to Rule 13d-3, the Reporting Persons may be deemed to
beneficially own an aggregate of 333,518 shares of Common Stock. Pursuant to
Rule 13d-3(d)(1)(i), such 333,518 shares of Common Stock constitute an aggregate
of approximately 0.5% of the outstanding Common Stock. For purposes of Section
13(d), the Reporting Persons may be deemed to have shared power to vote and
dispose of, or to direct the voting and disposition of, the securities referred
to in this paragraph."
Item 5 of the Amended Statement is hereby further amended by
inserting the following language at the end of subsection (c) thereof:
"Pursuant to a Letter Agreement (the "Letter Agreement") dated June
1, 1998 by and among Richemont, Evansville, NAR and Mr. Quasha, NAR has
transferred to Richemont, Evansville and Mr. Quasha, the Shareholders of NAR,
certain of its holdings of cash, Common Stock and the common stock of certain
other corporations in a transaction involving a pro rata dividend granted by NAR
to its shareholders. An aggregate of 14,627,962 shares of Common Stock were
distributed by NAR to Richemont, Evansville and Mr. Quasha. Richemont received
7,365,540 shares of Common Stock, Evansville received 7,262,422 shares of Common
Stock and Mr. Quasha received 103,118 shares of Common Stock."
<PAGE> 5
CUSIP NO. 269-329-108 13D Page 5 of 6 Pages
Other than the transactions described herein, no transactions in the
shares of Common Stock have been effected during the past 60 days by the
Reporting Persons, or, to the best of their knowledge, the Instruction C Persons
or any of the persons named in Exhibit B.
Item 5 of the Amended Statement is hereby further amended by
inserting the following language at the end of subsection (e) thereof:
"On June 1, 1998, upon consummation of the transactions described in
subsection 5(c) above, NAR ceased to be the beneficial owner of more than five
percent of the Common Stock."
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CUSIP NO. 269-329-108 13D Page 6 of 6 Pages
SIGNATURES
After reasonable inquiry and to the best of his, her or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: June 11, 1998
NAR GROUP LIMITED
By: /s/ Thomas A. Huser
------------------------
Thomas A. Huser, its
Attorney-In-Fact
ALAN GRANT QUASHA
By: /s/ Thomas A. Huser
------------------------
Thomas A. Huser, its
Attorney-In-Fact
