-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Wp4fzYlXlxxTUmbG/BdM6Fh/uGusvpha+z0BNcYki6yYhbxYGrItoVQ4kBQsqCo5 D4Y2utmrpbHHn50rxzsylw== 0000950131-01-502200.txt : 20010710 0000950131-01-502200.hdr.sgml : 20010710 ACCESSION NUMBER: 0000950131-01-502200 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010709 GROUP MEMBERS: MICHAEL ALEN-BUCKLEY GROUP MEMBERS: RAB CAPITAL LTD GROUP MEMBERS: RAB EUROPE FUND LIMITED GROUP MEMBERS: RAB EUROPE PARTNERS LP GROUP MEMBERS: RAB PARTNERS LIMITED GROUP MEMBERS: WILLIAM PHILIP RICHARDS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIFESTREAM TECHNOLOGIES INC CENTRAL INDEX KEY: 0001029738 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 820487965 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-56363 FILM NUMBER: 1676860 BUSINESS ADDRESS: STREET 1: 510 CLEARWATER LOOP STREET 2: STE 101 CITY: POST FALLS STATE: ID ZIP: 83854 BUSINESS PHONE: 2084579409 MAIL ADDRESS: STREET 1: 510 CLEARWATER LOOP STREET 2: SUITE 101 CITY: POST FALLS STATE: ID ZIP: 83854 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAB CAPITAL LTD CENTRAL INDEX KEY: 0001130228 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: NO. 1 ADAM ST. STREET 2: WC2N 6LE CITY: LONDON UK BUSINESS PHONE: 011442073897003 MAIL ADDRESS: STREET 1: NO. 1 ADAM ST. STREET 2: WC2N 6LE CITY: LONDON UK SC 13G 1 dsc13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. __)* Lifestream Technologies, Inc. ------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value, $.001 ------------------------------------------------------------------------ (Title of Class of Securities) 53219K101 --------------------------- (CUSIP Number) June 28, 2001 ---------------------------------------------------- Date of Event Which Requires Filing of the Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) *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 1 of 11 - ----------------------- ---------------------- CUSIP No. 53219K101 13G Page 2 of 11 Pages - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name RAB Europe Fund Limited - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Cayman Islands - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. $2,400,000 in principal amount of Convertible Term Notes (convertible into up to 2,400,000 shares of OWNED BY Common Stock)/1 2/ - - Warrants (exercisable into up to 1,200,000 shares of Common Stock)/2/ - ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7. REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8. See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /1 2/ 10. - - [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. Up TO 9.99% as of the date of filing this statement./2/ (Based on - 20,255,114 shares of Common Stock issued and outstanding as of May 11, 2001, plus the Common Stock issuable upon the conversion of the Convertible Term Notes and the exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. CO - ------------------------------------------------------------------------------ /1/ Pursuant to the Convertible Term Notes, the Convertible Term Notes are convertible at the rate of 1 share of Common Stock for each $1.00 amount of principal amount of the Convertible Term Notes plus any accrued and unpaid interest and Registration Delay Payments (as defined in the Registration Rights Agreement between the Issuer and the Reporting Person) on such principal amount. Any shares of Common Stock into which any such accrued and unpaid interest or Registration Delay Payments may be converted are not reported as beneficially owned herein. /2/ Pursuant to the terms of the Convertible Term Notes and the Warrants, the Reporting Person cannot be a "beneficial owner" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Page 2 of 11 - ----------------------- ---------------------- CUSIP No. 53219K101 13G Page 3 of 11 Pages - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name RAB Europe Partners LP - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware, U.S.A - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. $2,400,000 in principal amount of Convertible Term Notes (convertible into up to 2,400,000 shares of OWNED BY Common Stock)/1 2/ - - Warrants (exercisable into up to 1,200,000 shares of Common Stock)/2/ - ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7. REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8. See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES/1 2/ 10. - - [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. Up TO 9.99% as of the date of filing this statement./2/ (Based on - 20,255,114 shares of Common Stock issued and outstanding as of May 11, 2001, plus the Common Stock issuable upon the conversion of the Convertible Term Notes and the exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN - ------------------------------------------------------------------------------ /1/ Pursuant to the Convertible Term Notes, the Convertible Term Notes are convertible at the rate of 1 share of Common Stock for each $1.00 amount of principal amount of the Convertible Term Notes plus any accrued and unpaid interest and Registration Delay Payments (as defined in the Registration Rights Agreement between the Issuer and the Reporting Person) on such principal amount. Any shares of Common Stock into which any such accrued and unpaid interest or Registration Delay Payments may be converted are not reported as beneficially owned herein. /2/ Pursuant to the terms of the Convertible Term Notes and the Warrants, the Reporting Person cannot be a "beneficial owner" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Page 3 of 11 - ----------------------- ---------------------- CUSIP No. 53219K101 13G Page 4 of 11 Pages - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name RAB Partners Limited - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Cayman Islands - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. $2,400,000 in principal amount of Convertible Term Notes (convertible into up to 2,400,000 shares of OWNED BY Common Stock)/1 2/ - - Warrants (exercisable into up to 1,200,000 shares of Common Stock)/2/ - ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7. REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8. See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES/1 2/ 10. - - [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. Up TO 9.99% as of the date of filing this statement./2/ (Based on - 20,255,114 shares of Common Stock issued and outstanding as of May 11, 2001, plus the Common Stock issuable upon the conversion of the Convertible Term Notes and the exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. CO - ------------------------------------------------------------------------------ /1/ Pursuant to the Convertible Term Notes, the Convertible Term Notes are convertible at the rate of 1 share of Common Stock for each $1.00 amount of principal amount of the Convertible Term Notes plus any accrued and unpaid interest and Registration Delay Payments (as defined in the Registration Rights Agreement between the Issuer and the Reporting Person) on such principal amount. Any shares of Common Stock into which any such accrued and unpaid interest or Registration Delay Payments may be converted are not reported as beneficially owned herein. /2/ Pursuant to the terms of the Convertible Term Notes and the Warrants, the Reporting Person cannot be a "beneficial owner" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Page 4 of 11 - ----------------------- ---------------------- CUSIP No. 53219K101 13G Page 5 of 11 Pages - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name RAB Capital Limited - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. United Kingdom - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. $2,400,000 in principal amount of Convertible Term Notes (convertible into up to 2,400,000 shares of OWNED BY Common Stock)/1 2/ - - Warrants (exercisable into up to 1,200,000 shares of Common Stock)/2/ - ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7. REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8. See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES/1 2/ 10. - - [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. Up TO 9.99% as of the date of filing this statement./2/ (Based on - 20,255,114 shares of Common Stock issued and outstanding as of May 11, 2001, plus the Common Stock issuable upon the conversion of the Convertible Term Notes and the exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. CO - ------------------------------------------------------------------------------ /1/ Pursuant to the Convertible Term Notes, the Convertible Term Notes are convertible at the rate of 1 share of Common Stock for each $1.00 amount of principal amount of the Convertible Term Notes plus any accrued and unpaid interest and Registration Delay Payments (as defined in the Registration Rights Agreement between the Issuer and the Reporting Person) on such principal amount. Any shares of Common Stock into which any such accrued and unpaid interest or Registration Delay Payments may be converted are not reported as beneficially owned herein. /2/ Pursuant to the terms of the Convertible Term Notes and the Warrants, the Reporting Person cannot be a "beneficial owner" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Page 5 of 11 - ----------------------- ---------------------- CUSIP No. 53219K101 13G Page 6 of 11 Pages - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name William Philip Richards - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. United Kingdom - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. $2,400,000 in principal amount of Convertible Term Notes (convertible into up to 2,400,000 shares of OWNED BY Common Stock)/1 2/ - - Warrants (exercisable into up to 1,200,000 shares of Common Stock)/2/ - ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7. REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8. See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES/1 2/ 10. - - [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. Up TO 9.99% as of the date of filing this statement./2/ (Based on - 20,255,114 shares of Common Stock issued and outstanding as of May 11, 2001, plus the Common Stock issuable upon the conversion of the Convertible Term Notes and the exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN - ------------------------------------------------------------------------------ /1/ Pursuant to the Convertible Term Notes, the Convertible Term Notes are convertible at the rate of 1 share of Common Stock for each $1.00 amount of principal amount of the Convertible Term Notes plus any accrued and unpaid interest and Registration Delay Payments (as defined in the Registration Rights Agreement between the Issuer and the Reporting Person) on such principal amount. Any shares of Common Stock into which any such accrued and unpaid interest or Registration Delay Payments may be converted are not reported as beneficially owned herein. /2/ Pursuant to the terms of the Convertible Term Notes and the Warrants, the Reporting Person cannot be a "beneficial owner" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Page 6 of 11 - ----------------------- ---------------------- CUSIP No. 53219K101 13G Page 7 of 11 Pages - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Michael Alen-Buckley - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. United Kingdom - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. $2,400,000 in principal amount of Convertible Term Notes (convertible into up to 2,400,000 shares of OWNED BY Common Stock)/1 2/ - - Warrants (exercisable into up to 1,200,000 shares of Common Stock)/2/ - ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7. REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8. See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /1 2/ 10. - - [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. Up TO 9.99% as of the date of filing this statement./2/ (Based on - 20,255,114 shares of Common Stock issued and outstanding as of May 11, 2001, plus the Common Stock issuable upon the conversion of the Convertible Term Notes and the exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN - ------------------------------------------------------------------------------ /1/ Pursuant to the Convertible Term Notes, the Convertible Term Notes are convertible at the rate of 1 share of Common Stock for each $1.00 amount of principal amount of the Convertible Term Notes plus any accrued and unpaid interest and Registration Delay Payments (as defined in the Registration Rights Agreement between the Issuer and the Reporting Person) on such principal amount. Any shares of Common Stock into which any such accrued and unpaid interest or Registration Delay Payments may be converted are not reported as beneficially owned herein. /2/ Pursuant to the terms of the Convertible Term Notes and the Warrants, the Reporting Person cannot be a "beneficial owner" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Page 7 of 11 - ----------------------- ---------------------- CUSIP No: 53219K101 13G Page 8 of 11 Pages - ----------------------- ---------------------- Item 1(a) Name of Issuer: Lifestream Technologies, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 510 Clearwater Loop, Suite 101 Post Falls, Idaho 83854 Item 2(a) Name of Person Filing Item 2(b) Address of Principal Business Office Item 2(c) Citizenship RAB Europe Fund Limited P.O. Box 265 GT Walker House Mary Street George Town, Grand Cayman Cayman Islands company RAB Europe Partners LP c/o RAB Capital Limited No. 1 Adam Street London W2CN 6LE United Kingdom Delaware limited partnership RAB Partners Limited P.O. Box 265 GT Walker House Mary Street George Town, Grand Cayman Cayman Islands company RAB Capital Limited No. 1 Adam Street London W2CN 6LE United Kingdom United Kingdom company William Philip Richards No. 1 Adam Street London W2CN 6LE United Kingdom United Kingdom citizen Michael Alen-Buckley No. 1 Adam Street London W2CN 6LE United Kingdom United Kingdom citizen Item 2(d) Title of Class of Securities: Common Stock, par value $.001 per share Item 2(e) CUSIP Number: 53219K101 Page 8 of 11 - ----------------------- ---------------------- CUSIP No: 53219K101 13G Page 9 of 11 Pages - ----------------------- ---------------------- Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [__] Broker or dealer registered under Section 15 of the Exchange Act; (b) [__] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [__] Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) [__] Investment company registered under Section 8 of the Investment Company Act; (e) [__] An investment adviser in accordance with Rule 13d- 1(b)(1)(ii)(E); (f) [__] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [__] A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G); (h) [__] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [__] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [__] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [X] Item 4 Ownership: RAB Europe Fund Limited RAB Europe Partners LP RAB Partners Limited RAB Capital Limited William Philip Richards Michael Alen-Buckley (a) Amount beneficially owned: $2,400,000 in principal amount of Convertible Term Notes (convertible into up to 2,400,000 shares of Common Stock) 1/ 2/ - - Warrants (exercisable into up to 1,200,000 shares of Common Stock) 2/ - Page 9 of 11 - ----------------------- ----------------------- CUSIP No: 53219K101 13G Page 10 of 11 Pages - ----------------------- ----------------------- (b) Percent of Class: Up to 9.99% as of the date of filing this statement. 2/ (Based on - 20,255,114 shares of Common Stock issued and outstanding as of May 11, 2001, plus the Common Stock issuable upon the conversion of the Convertible Term Notes and the exercise of the Warrants referred to in Item 4(a) above.) (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 to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. 1/ Pursuant to the Convertible Term Notes, the Convertible Term Notes are - convertible at the rate of 1 share of Common Stock for each $1.00 amount of principal amount of the Convertible Term Notes plus any accrued and unpaid interest and Registration Delay Payments (as defined in the Registration Rights Agreement between the Issuer and the Reporting Persons) on such principal amount. Any shares of Common Stock into which any such accrued and unpaid interest or Registration Delay Payments may be converted are not reported as beneficially owned herein. 2/ Pursuant to the terms of the Convertible Term Notes and the Warrants, - the Reporting Persons cannot be the "beneficial owners" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Item 5 Ownership of Five Percent or Less of a Class: Not Applicable. Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable. Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable. Item 8 Identification and Classification of Members of the Group: Not Applicable. Item 9 Notice of Dissolution of Group: Not Applicable. Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 10 of 11 - ----------------------- ----------------------- CUSIP No: 53219K101 13G Page 11 of 11 Pages - ----------------------- ----------------------- After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated this 9th day of July, 2001 RAB EUROPE FUND LIMITED RAB EUROPE PARTNERS LP By: RAB Capital Limited, its Investment Manager By: RAB Partners Limited, its General Partner By: /s/ William Philip Richards By: /s/ William Philip Richards --------------------------- --------------------------- William Philip Richards, Managing William Philip Richards, Director Director RAB PARTNERS LIMITED RAB CAPITAL LIMITED By: /s/ William Philip Richards By: /s/ William Philip Richards --------------------------- --------------------------- William Philip Richards, Director William Philip Richards, Managing Director WILLIAM PHILIP RICHARDS MICHAEL ALEN-BUCKLEY /s/ William Philip Richards /s/ Michael Alen-Buckley - --------------------------- ------------------------
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