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Schedule 13D Page 1 of 9
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SEC POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF
1746 (2- INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS
98) THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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UNITED STATES ---------------------
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 ---------------------
OMB Number: 3235-0145
SCHEDULE 13D ---------------------
Expires: November 30,
Under the Securities Exchange Act of 1934 1999
(Amendment No. )* ---------------------
--------- Estimated average
burden hours per
response........ 14.9
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SUNDOG TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
867302 101
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(CUSIP Number)
Caldera Holding Co., L.C., 36 So. State, #2000, SLC, UT 84111 (801)532-8000
Attn: Doug Griffith
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 12, 2000
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(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 SECTIONS 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 SECTION
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).
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Schedule 13D Page 2 of 9
CUSIP No. 867302 101
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Caldera Holding Company, L.C.; Fed. Id. #87-0641584
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /X/
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
Not applicable
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
Utah, U.S.
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Number of Shares (7) Sole Voting
Beneficially Owned Power 7,523,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
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(9) Sole Dispositive
Power 7,523,000
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(10) Shared Dispositive
Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
7,523,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
32%
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(14) Type of Reporting Person (See Instructions)
00 - limited liability company
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INSTRUCTIONS FOR COVER PAGE
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SCHEDULE 13D
CUSIP NO. 867302 101
RESPONSES TO ITEM 1-7
ITEM 1. SECURITIES AND ISSUER
This Schedule 13D relates to the common stock, a par value $.001per
share (hereinafter "common stock") of Sundog Technologies, Inc., a Delaware
Corporation, formerly known as Thorsden Group, Ltd. (hereinafter "the
Company"). The principal executive offices of the Company are located at 4505
South Wasatch Blvd., Suite 340, Salt Lake City, UT 84124.
ITEM 2. IDENTITY AND BACKGROUND
(a) Caldera Holding Company, L.C., a limited liability company
(hereinafter "Caldera") registered in the State of Utah. Douglas E. Griffith
is the only manager and member of Caldera.
(b) The business address of Caldera and Mr. Griffith, is 36 South
State Street, Suite 2000, Salt Lake City, Utah 84111.
(c) Caldera's purpose is to hold securities and engage in
transactions with such securities being held.
(d) During the last five (5) years neither Caldera nor Mr. Griffith
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five (5) years neither Caldera nor Mr. Griffith
has been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which such person would have been
subject to any judgment decree or final order enjoining future violations or
prohibiting or mandating activities subject to Federal or State securities
laws or finding any violation with respect to such laws.
Caldera could be deemed a member of a group for purposes of this
Schedule 13D, because as more fully described below, it has entered into an
Agreement with several principal shareholders of the Company with regard to
the holding and distribution of securities (hereinafter "Agreement Shares"),
which Agreement is the subject of this filing. Nevertheless, Caldera
disclaims that it has acted as a member of a group for purposes of acquiring,
holding or disposing of the common stock and Caldera disclaims beneficial
ownership of the Agreement Shares which are deemed to be owned by the
principal shareholders.
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ITEM NO. 3. SOURCE AND AMOUNT OF FUND OR OTHER CONSIDERATION
As more fully described below, Caldera, if it receives any
consideration whatsoever for its participation in the Agreement, will only
receive an option to purchase certain of the Agreement Shares at an exercise
price of $0.15 per share. If such option is granted and exercised the source
of the funds will be Caldera's own funds.
ITEM NO. 4. PURPOSE OF TRANSACTION
(a-j) Effectively January 12, 2000, Caldera entered into an agreement
(hereinafter "Agreement") with Marty Alfred, Bruce Baird, Jeffrey Barlow, Tim
Kapp, Stephen Russell, Dave Valenti, Gary Wright, John Zollinger and John
Blumenthal (hereinafter collectively the "principal shareholders".) Caldera
acted independently from each of the principal shareholders in determining to
entering into the Agreement. A copy of the Agreement is attached hereto as
Exhibit 1. Pursuant to the Agreement, Caldera was given the right to grant
options on 7,523,000 shares (hereinafter "Agreement Shares") of the Company's
common stock which shares are owned by and were being held by the principal
shareholders. According to the Agreement, Caldera, in its sole discretion and
in private qualified transactions, has the right to grant derivative options
on the Agreement Shares at an exercise of $.15 per share. Voting control of
the Agreement Shares, prior to the exercise of any option, is held by
Caldera. The Agreement Shares are held in escrow by Caldera until the options
are exercised. Proceeds from the exercise of the options will be paid to
Caldera and then transmitted to the principal shareholders, with no
commissions or fees paid to Caldera, excepting possible issuance of an option
to Caldera.
Caldera's objective in issuing options on the Agreement Shares will be
dictated by the instructions set forth in the Agreement to fulfill the
purposes of facilitating the Company's executive recruitment and private
placements pursuant to exemptions from registrations provided by said Section
4(2) and/or 3(b) as well as by Regulation D promulgated under the Securities
Act of 1933. Caldera also acts as the escrow agent for the Agreement Shares
and may grant derivative options to the Company, investors, or to any party
qualified and meeting the objectives of the Agreement. While Caldera holds
the Agreement Shares in escrow, actual ownership of said such shares
continues to be held by the respective principal shareholders who contributed
a portion of their common stock to Caldera to fulfill the purposes set forth
in the Agreement. Caldera takes no actual ownership of said shares unless and
until Caldera is granted an option for a portion of the Agreement Shares and
exercises said option pursuant to the Agreement. If any portion of the
Agreement Shares remains unexercised at the end of the option term, such
shares will be returned to the principal shareholders on a pro rata basis.
ITEM NO. 5. INTEREST IN THE SECURITIES OF THE ISSUERS
On the presumption that beneficial ownership entails voting control and
disposition rights but not actual ownership or title, the number of shares
beneficially owned by Caldera is 7,523,000.
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(a) Percent of class - 32% based upon shares of common stock
outstanding as of 1/12/2000.
(b) Sole power to vote, direct the vote or dispose of shares --
7,523,000 shares
(c) Recent transaction (60) days. None
(d) Rights with respect to dividends or sales proceeds. None
(e) Rights of cessation of 5%. Not applicable.
ITEM NO. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUERS
See Exhibit 1 and Item 4 above. The reporting person is unaware of
any other agreements involving the securities of the issuer and the reporting
person.
ITEM NO. 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1: Agreement Between Caldera and the Principal Shareholders
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AGREEMENT
This Agreement is made and entered into by and among the following
individuals: Marty Alfred, Bruce Baird, Jeffrey Barlow, John Blumenthal, Tim
Kapp, Stephen Russell, Dave Valenti, Gary Wright, and John Zollinger
(hereinafter collectively referred to as the "Founding Shareholders") and
Caldera Holding Company., L.C., a Utah limited liability company (hereinafter
"Caldera").
WHEREAS, the Founding Shareholders assisted in the founding or
development of Arkona, L.C., a private company, which was subsequently merged
into a publicly reporting company known as The Thorsden Group Ltd., a
Delaware corporation, and the surviving company has been renamed Sundog
Technologies, Inc., a Delaware corporation (hereinafter referred to as "the
Company");
WHEREAS, in connection with their activities in the development and
formation of the company, the Founding Shareholders received a total of
fourteen million (14,000,000) shares of common stock in the Company;
WHEREAS, the Founding Shareholders and the Company desire to enhance
the value of the Company, meet the needs of the Company, and increase the
potential viability, productivity and profitability of the Company through
any lawful and appropriate means, including, but not limited to, the raising
of additional working capital, securing the public trading of the Company's
stock and attracting individuals and parties with expertise to manage or
advise the Company and its operations;
WHEREAS, Caldera has agreed to assist the Founding Shareholders and
Company in meeting the above-described objectives; provided that the Founding
Shareholders are willing to transfer to Caldera the right to dispose of a
portion of the above-referenced shares of the Company's stock, which shares
will be used to meet the objectives of the Company as set forth above;
NOW THEREFORE, the parties, for their mutual benefit and with just and
valid consideration, which consideration is hereby acknowledged, enter into
the following Agreement:
1. Pursuant to this Agreement, the Founding Shareholders shall
deliver to Caldera, on or before the execution of this Agreement, stock
certificates, with accompanying Medallion Guaranteed stock powers,
representing an aggregate of seven million five hundred and twenty-three
thousand (7,523,000) shares of the Company's common stock (hereinafter
"Option Stock"), which Caldera shall hold pending the exercise of options for
the Option Stock as described below.
2. This Agreement supersedes and replaces all prior agreements,
written or oral, among the parties hereto and other parties not included
herein with regard to the above-referenced seven million five hundred and
twenty-three thousand (7,523,000) shares of the Company's
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common stock held by the Founding Shareholders and any and all such prior
agreements are hereby declared null and void. The number of shares of Option
Stock delivered by each Founding Shareholder is as disclosed on the attached
Exhibit "A" by this reference made a part hereof.
3. In accordance with the terms of this Agreement, the Founding
Shareholders grant and transfer to Caldera the exclusive right, power and
authority to grant derivative options (hereinafter "Derivative Options") to
unspecified individuals, entities or parties (hereinafter "Receiving
Parties") to acquire any or all of the Option Stock at an exercise price of
fifteen cents ($0.15) per share. Each Derivative Option must be exercised by
the Receiving Party in accordance with the terms and conditions set forth in
each Derivative Option. If any Derivative Option expires in accordance with
its own specific terms and conditions, then the associated Options Stock will
continue to be held and will continue to be available for sale pursuant to
Derivative Options granted by Caldera. All of the monies paid by the
Receiving Parties in the exercise of the Derivative Options will ultimately
be paid to the Founding Shareholders as specified below.
4. Such Derivative Options will be granted by Caldera to Receiving
Parties whom Caldera determines, after consultation with the Company, its
officers and directors, may assist the Company in meeting the objectives set
forth above, which are to enhance the value of the Company, meet the needs of
the Company, and increase the potential viability, productivity and
profitability of the Company through any lawful and appropriate means,
including, but not limited to, the raising of additional working capital,
securing the public trading of the Company's stock and attracting individuals
and parties with expertise to manage, advise or otherwise participate with
the Company and its operations.
5. Caldera has exclusive and independent authority to grant
Derivative Options up to three (3) years following the effective date of this
Agreement. Caldera may issue Derivative Options to any party so long as such
Derivative Options are not issued in bad faith or with gross negligence in
meeting the objectives set forth in Paragraph 4 above. Caldera shall notify
the Company and Founding Shareholders of all grants of Derivative Options by
sending written notice to the Company and Founding Shareholders within thirty
(30) days of the issuance of each Derivative Option. Notice of the grant
will include the identify of the Receiving Party and the terms of the
Derivative option, including the number of shares of Option Stock subject to
the grant. Caldera shall not receive any compensation from the Founding
Shareholders or from the proceeds paid to the Founding Shareholders from the
exercise of Derivative Options.
6. The exercise of the Derivative Option will be completed by
delivery of a written notice of exercise executed by the Receiving Party and
accompanied by payment of the exercise price in full. Caldera will promptly
notify the Founding Shareholders of each Derivative Option exercised,
disclosing the identity of the Receiving Party exercising the option and the
amount of proceeds received in connection with the exercise.
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7. Upon delivery by the Receiving Party to Caldera of the
exercised Derivative Option and the associated exercise price, Caldera will
caused to be transferred into the name of the Receiving Party exercising the
option, or whatever name is designated by the Receiving Party, the Option
Stock associated with such exercised option.
8. The monies paid by the Receiving Party in the exercise of a
Derivative Option will be held by Caldera in an interest-bearing trust
account. On the tenth (10th) day of each month, Caldera shall deliver to each
Founding Shareholder at the address designated below his pro-rata share of
the total exercise monies, including interest received thereon, received by
Caldera during the previous month.
9. By holding and distributing the Derivative Options and Option
Stock, Caldera makes no representation or warranty as to the value of such
Derivative Options or Option Stock. While holding the Option Stock pending
its issuance through the exercise of Derivative Options, Caldera does not
take or assume ownership of the Option Stock. Caldera is not acting in the
capacity of a broker/dealer, issuer or underwriter. The grant of any and all
Derivative Options will be made in accordance with applicable federal and
state blue sky securities laws.
10. Caldera shall not be bound in any way by any act or direction
of the parties hereto and, while operating in cooperation with the Company
and the Founding Shareholders to accomplish the objectives set forth in
Paragraph 4, Caldera represents that it is independent from and not
controlled by the Company or any party. Caldera represents that it is not an
affiliate of the Company or any officer, director or affiliate of the Company.
11. Caldera may rely upon any paper or other instrument received by
it in connection with its duties under this Agreement and which is believed
to be genuine; shall be under no duty to independently ascertain the validity
or legitimacy of such papers, nor conduct any associated due diligence with
respect to the same; and shall be subject to no liability with respect to the
form, execution or validity thereof.
12. During the period the Option Stock remains in the possession of
Caldera and prior to the time, if any, that a Derivative Option is exercised
for the purchase of the Option Stock, in whole or in part, Caldera will
exercise the right to vote such shares. Caldera will vote such shares as it
deems is in furtherance of the objectives set forth in Paragraph 4 above.
However, the respective Founding Shareholders, as owners of the shares, will
receive any distributions and dividends made with respect to such shares by
the Company until such time as the shares of Option Stock are sold upon the
exercise of Derivative Options granted under this Agreement. Except as
provided in this Agreement, ownership of the Option Stock will not transfer
from the depositing Founding Shareholder until the stock is sold upon
exercise of an associated Derivative Option.
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13. No transfer or assignment of any right to exercise a Derivative
Option will be made and no Derivative Options will be granted except pursuant
to applicable exemptions from the registration requirements of the Securities
Act of 1933, as amended, and similar provisions of any state securities laws.
In this regard, Caldera agree to observe such laws and the rules and
regulations promulgated thereunder and no action will be taken which would
result in the Founding Shareholders being deemed to be an underwriter for
purposes of the Securities Act or other applicable Federal or state
securities laws. If this Agreement, the parties, or any of the transactions
contemplated hereunder are ever found to be in violation of, or not exempt
from any applicable Federal or state securities laws, as a result of this
Agreement and the transactions contemplated hereunder, this Agreement will
immediately terminate and all Option Shares not issued by or locked-up by
Derivative Options will be returned to the Founding Shareholders on a
pro-rata basis in accordance with Paragraphs 15 and 16 below.
14. The Parties acknowledge that the Company is subject to the
reporting and other requirements of the Securities Exchange Act of 1934, as
amended and that the Company will be required to report the existence and
contents of this Agreement as part of its filings under the Exchange Act.
The Parties agree to cooperate to provide all information reasonably required
by counsel to the Company to facilitate the full and fair reporting of this
transaction as required by the law.
15. Unless extended by mutual written agreement of all parties
hereto, Caldera's right and authority to grant Derivative Options under this
Agreement will expire three (3) years from the effective date of this
Agreement. If, upon expiration of Caldera's right to grant Derivative
Options, there are shares of the Option Stock in the possession of Caldera
which are not required to cover previously granted Derivative Options, then
Caldera will promptly return all such Option Stock to the Founding
Shareholders in proportion to their original contribution of the Option
Stock. Any outstanding Derivative Options which have not been exercised at
the time of said expiration of Caldera's right to grant will continue to be
effective and valid until such Derivative Options are exercised or expire in
accordance with their respective terms and conditions, whichever occurs
first. Upon exercise or expiration of all remaining and outstanding
Derivative Options, Caldera will distribute the proceeds from the exercise of
such Derivative Options as required by this Agreement, or will distribute the
remaining Option Stock from expired Derivative Options to the Founding
Shareholders in proportion to their original contribution of the Option
Stock. Upon such final distributions, this Agreement will terminate.
16. Upon distribution of all of the Option Stock by the exercise of
the respective Derivative Options or upon final distributions of proceeds or
Option Stock as described in Paragraph 15, this Agreement shall be deemed to
be terminated, and Caldera shall be released and discharged from any further
responsibility or liability in connection therewith, so long as Caldera has
not acted in bad faith or with gross negligence in meeting its obligations
under this Agreement. At termination, all outstanding stock powers will be
canceled.
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17. This Agreement shall not be altered, amended, changed, waived,
terminated, or modified in any respect unless the same shall be in writing
and signed by or on behalf of all the parties hereto, except for any party
which no longer has any interest in the Option Stock.
18. This Agreement shall be binding upon and shall inure to the
benefit of the successors and assigns of the parties hereto.
19. This Agreement shall be governed by the laws of the State of
Utah and the state or federal courts within Salt Lake County, State of Utah
shall have exclusive venue and jurisdiction over any disputes arising from or
regarding this Agreement. If any party is required to take legal action
regarding a dispute arising from or regarding this Agreement, the prevailing
parties to such action will be entitled to their reasonable attorneys' fees
and costs incurred therein.
20. This Agreement may be executed by the parties hereto in such
counterparts, telefax copies or other form as is necessary to expedite
execution of this Agreement and all originals shall be forwarded to Caldera.
21. The effective date of this Agreement will be the last date on
which any of the parties hereto has executed this Agreement.
In Witness Hereof, the parties have caused this Agreement to be signed
on the dates set forth below.
Date:
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MARTY ALFRED
Address:
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Date:
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BRUCE BAIRD
Address:
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Date:
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JEFFREY BARLOW
Address:
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Date:
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JOHN BLUMENTHAL
Address:
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Date:
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TIM KAPP
Address:
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Date:
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STEPHEN RUSSELL
Address:
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Date:
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DAVE VALENTI
Address:
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Date:
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JOHN ZOLLINGER
Address:
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Date:
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GARY WRIGHT
Address:
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CALDERA HOLDING CO., L.C.
Date:
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DOUGLAS E. GRIFFITH, Manager
Address:
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EXHIBIT "A"
LIST OF OPTION STOCK & CERTIFICATES
The following shares of Sundog Technologies, Inc. common stock as
contained in the specified Sundog Technologies, Inc. stock certificates
constitute the Option Stock submitted to Caldera in accordance with the terms
and conditions of the Agreement:
1. Bruce Baird, Cert. 1309 for 270,000 shares;
2. David Valenti, Cert. 1310 for 990,000 shares;
3. Gary Wright, Cert. 1311 for 630,000 shares;
4. Jeffrey Barlow, Cert. 1312 for 990,000 shares;
5. Stephen W. Russell, Cert. 1313 for 990,000 shares;
6. Timothy Kapp, Cert. 1269 for 343,000 shares;
7. John Blumenthal, Cert. 1287 for 700,000 shares;
8. John Zollinger, Cert. 1273 for 1,890,000 shares; and
9. Martin J. Alfred, Cert. 1263 for 720,000 shares
for a total of 7,523,000 shares of Option Stock.
Dated this 12th day of January, 2000.
CALDERA HOLDING CO., L.C.
By /s/ Douglas E. Griffith
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Its Manager
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