-----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, Q4n9d2O/7x69Wi4FRN7+sMHs1z8bFGbqsVV3Nr8G4BBbAEL8e5FH9e9bURyVVySz Ri+AeGxhA0GTZNbzZ+sSvg== 0000930413-05-000042.txt : 20050104 0000930413-05-000042.hdr.sgml : 20050104 20050104172203 ACCESSION NUMBER: 0000930413-05-000042 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050104 DATE AS OF CHANGE: 20050104 GROUP MEMBERS: PASSLAKE LIMITED GROUP MEMBERS: RESTRUCTURING INVESTORS LIMITED GROUP MEMBERS: SOFAER CAPITAL ASIAN FUND GROUP MEMBERS: SOFAER CAPITAL GLOBAL FUND GROUP MEMBERS: SOFAER CAPITAL INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FAR EAST ENERGY CORP CENTRAL INDEX KEY: 0001124024 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 880459590 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78318 FILM NUMBER: 05508789 BUSINESS ADDRESS: STREET 1: 400 N. SAM HOUSTON PARKWAY E. STREET 2: SUITE 205 CITY: HOUSTON STATE: TX ZIP: 77060 BUSINESS PHONE: 7135861900 MAIL ADDRESS: STREET 1: 400 N. SAM HOUSTON PARKWAY E. STREET 2: SUITE 205 CITY: HOUSTON STATE: TX ZIP: 77060 FORMER COMPANY: FORMER CONFORMED NAME: EZFOODSTOP COM DATE OF NAME CHANGE: 20010306 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERSISTENCY CENTRAL INDEX KEY: 0001309425 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P.O. BOX 309 CITY: GEORGE TOWN STATE: E9 ZIP: 00000 BUSINESS PHONE: 212-582-3276 MAIL ADDRESS: STREET 1: P.O. BOX 309 CITY: GEORGE TOWN STATE: E9 ZIP: 00000 SC 13D/A 1 c33438_sc13da.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) Far East Energy Corporation - -------------------------------------------------------------------------------- (Name of Issuer) - -------------------------------------------------------------------------------- Common Stock, $.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 307325100 - -------------------------------------------------------------------------------- (CUSIP Number) Kristian Wiggert Morrison & Foerster LLP 21 Garlick Hill London EC4V 2AU England +44-20-7815-1150 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - -------------------------------------------------------------------------------- December 21, 2004 - -------------------------------------------------------------------------------- (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 which 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. |_| (Continued on following pages) (Page 1 of 17 Pages) *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 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). - ------------------------------ ------------------------------ CUSIP NO. 307325100 13D PAGE 2 OF 17 PAGES - ------------------------------ ------------------------------ - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS --------------------------------------------------------------------- I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SOFAER CAPITAL ASIAN HEDGE FUND - ---------- --------------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------- --------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -------- --------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 19,518,750 (includes 300,000 shares of common OWNED BY stock issuable upon exercise of warrants issued to Soafer Capital Inc., an affiliate of Sofaer Capital Asian Fund and Sofaer Capital Global Fund as a finders fee over which only Sofaer Capital Inc., Sofaer Capital Asian Fund and Sofaer Capital Global Fund have shared voting power) -------- --------------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH REPORTING -------- --------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 7,800,000 WITH - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,800,000 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ---------- --------------------------------------------------------------------- - ------------------------------ ------------------------------ CUSIP NO. 307325100 13D PAGE 3 OF 17 PAGES - ------------------------------ ------------------------------ - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS --------------------------------------------------------------------- I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SOFAER CAPITAL GLOBAL HEDGE FUND - ---------- --------------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------- --------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -------- --------------------------------------------------- -------- --------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 19,518,750 (includes 300,000 shares of common OWNED BY stock issuable upon exercise of warrants issued to Soafer Capital Inc., an affiliate of Sofaer Capital Asian Fund and Sofaer Capital Global Fund as a finders fee over which only Sofaer Capital Inc., Sofaer Capital Asian Fund and Sofaer Capital Global Fund have shared voting power) -------- --------------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH REPORTING -------- --------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 7,800,000 WITH - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,800,000 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ---------- --------------------------------------------------------------------- - ------------------------------ ------------------------------ CUSIP NO. 307325100 13D PAGE 4 OF 17 PAGES - ------------------------------ ------------------------------ - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS --------------------------------------------------------------------- I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SOFAER CAPITAL INC. - ---------- --------------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------- --------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -------- --------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 19,518,750 (includes 300,000 shares of common OWNED BY stock issuable upon exercise of warrants issued to Soafer Capital Inc., an affiliate of Sofaer Capital Asian Fund and Sofaer Capital Global Fund as a finders fee over which only Sofaer Capital Inc., Sofaer Capital Asian Fund and Sofaer Capital Global Fund have shared voting power) -------- --------------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH REPORTING -------- --------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 7,800,000 WITH - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,800,000 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- - ------------------------------ ------------------------------ CUSIP NO. 307325100 13D PAGE 5 OF 17 PAGES - ------------------------------ ------------------------------ - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS --------------------------------------------------------------------- I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RESTRUCTURING INVESTORS LIMITED - ---------- --------------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |-| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands -------- --------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -------- --------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 19,368,750 (includes 150,000 shares of Common Stock issuable upon exercise of warrants issued to Restructuring Investors Limited as a finders fee) OWNED BY -------- --------------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 3,900,000 REPORTING -------- --------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,900,000 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- - ------------------------------ ------------------------------ CUSIP NO. 307325100 13D PAGE 6 OF 17 PAGES - ------------------------------ ------------------------------ - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS --------------------------------------------------------------------- I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PASSLAKE LIMITED - ---------- --------------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------- --------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -------- --------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 19,218,750 OWNED BY -------- --------------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 468,750 REPORTING -------- --------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 468,750 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- - ------------------------------ ------------------------------ CUSIP NO. 307325100 13D PAGE 7 OF 17 PAGES - ------------------------------ ------------------------------ - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS --------------------------------------------------------------------- I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PERSISTENCY - ---------- --------------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------- --------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -------- --------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 19,218,750 OWNED BY -------- --------------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 7,500,000 REPORTING -------- --------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500,000 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- SCHEDULE 13D 1. SECURITY AND ISSUER. This statement on Schedule 13D (this "Statement") relates to the common stock, par value $0.001 per share (the "Common Stock"), of Far East Energy Corporation (the "Issuer"). This amended Statement is being filed for the purpose of providing additional information about certain of the Reporting Persons (as defined below). The principal executive offices of the Issuer are located at 400 N. Sam Houston Parkway East, Suite 205, Houston, Texas, 77060. 2. IDENTITY AND BACKGROUND. A. This statement is filed by each of the following persons (the "Reporting Persons"): (i) Sofaer Capital Global Hedge Fund, a Cayman Islands mutual trust ("SCGF") and an affiliate of SCAF (as defined below); (ii) Sofaer Capital Asian Hedge Fund, a Cayman Islands mutual trust ("SCAF") and an affiliate of SCGF; (iii) Sofaer Capital Inc., a British Virgin Islands company ("Sofaer") and an affiliate of SCGF and SCAF; (iv) Restructuring Investors Limited, a British Virgin Islands Limited Liability Company ("Restructuring"); (v) Passlake Limited, a Cayman Islands investment holding company ("Passlake"); and (vi) Persistency, a Cayman Islands limited company ("Persistency"). B. Set forth below is certain information as specified in Instruction 2 to Schedule 13D with respect to each of the Reporting Persons. - -------------------------- ------------------ -------------------------- ------------------------------- --------------------- Name of Reporting Person Jurisdiction of Principal Business of Address of Principal Business Address of Organization of Reporting Person of Reporting Person Principal Office of Reporting Person Reporting Person, if different - -------------------------- ------------------ -------------------------- ------------------------------- --------------------- SOFAER CAPITAL GLOBAL CAYMAN ISLANDS MUTUAL TRUST C/O CALEDONIAN BANK & TRUST HEDGE FUND LIMITED, AS TRUSTEE CALEDONIAN HOUSE 69 DR. ROY'S DRIVE PO BOX 1043 GEORGE TOWN GRAND CAYMAN - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- SOFAER CAPITAL ASIAN CAYMAN ISLANDS MUTUAL TRUST C/O CALEDONIAN BANK & TRUST HEDGE FUND LIMITED, AS TRUSTEE CALEDONIAN HOUSE 69 DR. ROY'S DRIVE PO BOX 1043 GEORGE TOWN GRAND CAYMAN - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- William S. Walker Director/Chairman of c/o Caledonian Bank & Trust Caledonian Bank & Trust Limited Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- David S. Walker Managing Director of c/o Caledonian Bank & Trust Caledonian Bank & Trust Limited Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- David G. Bird Director of Caledonian c/o Caledonian Bank & Trust Bank & Trust Limited Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Ali Mudeen Director of Caledonian c/o Caledonian Bank & Trust Bank & Trust Limited Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Bernard G.H. McGrath Assistant Managing c/o Caledonian Bank & Trust Director/Chief Financial Limited Officer of Caledonian Caledonian House Bank & Trust Limited 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Vijayabalan Murugesu Assistant Managing c/o Caledonian Bank & Trust Director of Caledonian Limited Bank & Trust Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Thomas H. Parsons Jr. Manager/Banking of c/o Caledonian Bank & Trust Caledonian Bank & Trust Limited Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Ralph F. Woodford Manager/Investment c/o Caledonian Bank & Trust Services of Caledonian Limited Bank & Trust Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Darlene E. Zelaya Manager/Corporate c/o Caledonian Bank & Trust Services of Caledonian Limited Bank & Trust Limited Caledonian House 69 Dr. Roy's Drive PO Box 1043 George Town Grand Cayman - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- SOFAER CAPITAL INC. HONG KONG INVESTMENT ADVISOR CRAIGMUIR CHAMBERS ROAD TOWN TORTOLA BRITISH VIRGIN ISLANDS - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Michael Sofaer Hong Kong Sole Director and 16th Floor Officer of Sofaer 16 Ice House Street Capital Inc. Central Hong Kong - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- RESTRUCTURING INVESTORS BRITISH VIRGIN INVESTMENT HOLDING C/O SILEX MANAGEMENT LIMITED P.O. BOX 173 LIMITED ISLANDS COMPANY RUE KLEBERG 6 KINGSTON CHAMBERS CH1201 ROAD TOWN GENEVA TORTOLA SWITZERLAND BRITISH VIRGIN ISLANDS - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Silex Trust Company Jersey Trust f/b/o Julien Andre Stuart House Limited, as Trustee of Treger 84 Cadogan Square the Treger Family Trust London SW1X OD2 United Kingdom - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Silex Management Limited British Virgin Sole Director of Silex Rue Kleberg 6 P.O. Box 173 Islands Trust Company Limited CH1201 Kingston Chambers Geneva Road Town Switzerland Tortola British Virgin Islands - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Silex Holdings Limited British Virgin Parent of Silex Trust Rue Kleberg 6 P.O. Box 173 Islands Company Limited and CH1201 Kingston Chambers Silex Management Limited Geneva Road Town Switzerland Tortola British Virgin Islands - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Klaus Biedermann Liechtenstein Director of Silex Trust Gschind 865 Company Limited and 9497 Friesenberg Silex Management Limited Liechtenstein (Professional Trustee) - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Mario Staggl Liechtenstein Director of Silex Trust Gschind 865 Company Limited and 9497 Friesenberg Silex Management Limited Liechtenstein (Professional Trustee) - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Brian Padgett Switzerland Director of Silex trust Route de Corniere 3 Company Limited and 1241 Puplinge Silex Management Limited Switzerland (Funds Manager and Chartered Accountant) - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Leonard O'Brien Switzerland Director of Silex trust Chemin Villa Rose 3B Company Limited and 1291 Commugny Silex Management Limited Switzerland (Funds Manager and Chartered Accountant) - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- PASSLAKE LIMITED CAYMAN ISLANDS P.O. BOX 309 SOUTH CHURCH STREET GEORGE TOWN GRAND CAYMAN CAYMAN ISLANDS - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Gregor McIntosh Switzerland Director of Passlake c/o Limited Cavamont Services SA 40 Rue du Rhone 1204 Geneva Switzerland - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Constantine G. Switerland Director of Passlake c/o Papadimitriou Limited Cavamont Services SA 40 Rue du Rhone 1204 Geneva Switzerland - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Passlake Foundation Liechtenstein Family Foundation Heiligkreuz 6 controlling Passlake PO Box 484 Limited 9490 Vaduz Liechtenstein - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Dr. Peter Marxer Liechtenstein Member of Foundation c/o Marxer & Partner Council Rechtsanwalte Heiligkreuz 6 9490 Vaduz Liechtenstein - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Dulkara Anstalt Liechtenstein Member of Foundation Stadtle 36 Council 9490 Vaduz Liechtenstein - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- PERSISTENCY CAYMAN ISLANDS INVESTMENT FUND UGLAND HOUSE P.O. BOX 309 GEORGE TOWN GRAND CAYMAN BRITISH WEST INDIES - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Luca Padulli United Kingdom Director/Investor Barton Berdish Hall Barton Berdish Norfolk, PE 33 PDL United Kingdom - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Andrew Morris United Kingdom Director/Business Manager Top Flat 40 Parma Crescent London SW11 1LT United Kingdom - ------------------------- ------------------- -------------------------- ------------------------------- --------------------- Viscount Alex Bridport Switzerland Director/Broker Ch. De Beau Soleil 8 1206 Geneva Switzerland - ------------------------- ------------------- -------------------------- ------------------------------- ---------------------
During the last five years, none of the Reporting Persons or, to the best of their knowledge, any of their directors, managers or executive officers, if any, have been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors) or have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The Reporting Persons acquired the shares to which this Statement relates pursuant to a private placement transaction that occurred on December 21, 2004. The Issuer sold to each of the Reporting Persons units consisting of two shares of Common Stock and one warrant to purchase one share of Common Stock (the "Units"). The purchase price per Unit paid by the Purchasers was $1.60 for an aggregate purchase price of $10,250,000. Each of the warrants has an exercise price of $2.50. Funds for the purchase of the Units were derived from available capital of the Reporting Persons. Certain of the Reporting Persons or their affiliates received warrants from the Issuer as a finders fee in connection with the transaction. 4. PURPOSES OF TRANSACTION. The shares of Common Stock have been acquired by the Reporting Persons for investment purposes. Except for the actions referred to in the preceding sentence, none of the persons on behalf of whom this Statement is filed currently has other plans or proposals that relate to or would result in any of the consequences listed in paragraphs (a) through (j) of Item 4 of the Special Instructions for Schedule 13D. Each of the Reporting Persons intends to review on a continuing basis the investments it has in the Issuer and based on such continuing review, and all other factors deemed relevant, such Reporting Person may sell or seek the sale of all or part of the shares or to increase their holdings of shares of Common Stock. 5. INTEREST IN SECURITIES OF THE ISSUER. A. The responses set forth on each of the cover pages with respect to the Reporting Persons are hereby incorporated by reference herein. The aggregate number of shares of Common Stock of the Issuer outstanding as of December 16, 2004 was 67,873,535. As a group, the Reporting Persons currently own 19,668,750 shares (6,856,250 of which may be acquired pursuant to exercise of the warrants), or 22.5%, of the Common Stock. Each Reporting Person declares that the filing of this Statement shall not be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) of the Act, the beneficial owner of any securities owned by any other Reporting Person and covered by this Statement and disclaims any such beneficial ownership. B. The Reporting Persons have shared power to vote 19,218,750 shares of Common Stock. Sofaer, SCGF and SCAF have shared power to vote 300,000 shares of Common Stock and shared dispositive power over 7,800,000 shares of Common Stock. Restructuring has sole dispostive power over 3,900,000 shares of Common Stock, Passlake has sole dispositive power over 468,750 shares of Common Stock and Persistency has sole dispositive power over 7,500,000 shares of Common Stock. C. Not applicable. D. Not applicable. E. Not applicable. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. In connection with the private placement transaction, each of the Reporting Persons (or their representative) entered into a Stock Subscription Agreement, dated as of December 21, 2004 by and between the Issuer, the Reporting Persons and Tim Whyte as initial representative of the Reporting Persons, a Registration Rights Agreement with the Issuer, dated as of December 21, 2004 with respect to the registration of the shares of Common Stock and the shares of Common Stock underlying the warrants, and an Investor Group Agreement, dated December 23, 2004, among the Reporting Persons which governs certain interactions among the Reporting Persons with respect to the Common Stock held by them. Certain of the Reporting Persons entered into a letter agreement dated as of December 21, 2004 with respect to the payment of finders fees. The information included in response to Items 3 and 4 is incorporated into this response. Except as set forth in this Schedule 13D, to the best knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons and any person with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the securities of the Issuer, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, or a pledge or contingency the occurrence of which would give another person voting power or investment power over the securities of the Issuer. 7. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT NO. Exhibit 1. Stock Subscription Agreement dated as of December 21, 2004, by and among the Issuer, the Reporting Persons and Tim Whyte, as initial representative of the Reporting Persons.* Exhibit 2. Form of Registration Rights Agreement dated as of December 21, 2004, by and among the Issuer and the Reporting Persons.* Exhibit 3. Investor Group Agreement dated as of December 23, 2004, by and among Chasm Lake Management Services LLC (for itself and as representative of Peristency), Sofaer Capital Inc. (as agent for Caledonian Bank and Trust, Ltd., as trustee for SCGF and SCAF), Restructuring and Passlake.* Exhibit 4. Joint Filing Agreement and Power of Attorney dated as of December 23, 2004 by and among the Reporting Persons.* ------------------ *Previously filed SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. January 4, 2005 SOFAER CAPITAL GLOBAL FUND By: /s/ Kristian Wiggert ---------------------- Name: Kristian Wiggert --------------------- Title: Attorney-In-Fact --------------------- SOFAER CAPITAL ASIAN FUND By: /s/ Kristian Wiggert ---------------------- Name: Kristian Wiggert --------------------- Title: Attorney-In-Fact --------------------- SOFAER CAPITAL INC. By: /s/ Kristian Wiggert ---------------------- Name: Kristian Wiggert --------------------- Title: Attorney-In-Fact --------------------- RESTRUCTURING INVESTORS LIMITED By: /s/ Kristian Wiggert ---------------------- Name: Kristian Wiggert --------------------- Title: Attorney-In-Fact --------------------- PERSISTENCY By: /s/ Kristian Wiggert ---------------------- Name: Kristian Wiggert --------------------- Title: Attorney-In-Fact --------------------- PASSLAKE LIMITED By: /s/ Kristian Wiggert ---------------------- Name: Kristian Wiggert --------------------- Title: Attorney-In-Fact --------------------- -----END PRIVACY-ENHANCED MESSAGE-----