0001513160-11-000007.txt : 20110315 0001513160-11-000007.hdr.sgml : 20110315 20110315172647 ACCESSION NUMBER: 0001513160-11-000007 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20110315 DATE AS OF CHANGE: 20110315 GROUP MEMBERS: THREAD MASTER GP, LLP, ANSHUMAN DUBE, SCOTT BOOTH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Organic Alliance, Inc. CENTRAL INDEX KEY: 0001442634 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-86138 FILM NUMBER: 11689563 BUSINESS ADDRESS: STREET 1: 1250 NE LOOP 410 STREET 2: SUITE 320 CITY: SAN ANTONIO STATE: TX ZIP: 78209 BUSINESS PHONE: 2108268900 MAIL ADDRESS: STREET 1: 1250 NE LOOP 410 STREET 2: SUITE 320 CITY: SAN ANTONIO STATE: TX ZIP: 78209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Thread Master GP LLC CENTRAL INDEX KEY: 0001502009 IRS NUMBER: 272942870 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 101 PARK AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 BUSINESS PHONE: (212) 984-2421 MAIL ADDRESS: STREET 1: 101 PARK AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 SC 13D 1 sc13d.htm SCHEDULE 13D sc13d.htm


UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
 

 
ORGANIC ALLIANCE, INC.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

68618N100
(CUSIP Number)
Ansuman Dube
Thread Master GP, LLC
10880 Wilshire Blvd., Suite 950
Los Angeles, California 90024
(310) 500-2151
(Name, Address and Telephone Number of Person Authorized to Receive Notice and Communications)

January 31, 2011
 (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 §§240.13d–1(e), 240.13d–1(f) or 240.13d–1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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).


 
 
 

 


CUSIP No.
68618N100
1.    Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Thread Master GP, LLC
 
2.    Check the Appropriate Box if a Member of a Group (See Instructions)
                      (a)
     
 
                      (b)
     
 
3.    SEC Use Only
     
 
4.    Source of Funds (See Instructions)
 
WC
5.    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
     
 
6.    Citizenship or Place of Organization
 
Delaware
     
Number of Shares Beneficially Owned by Each Reporting
Person With
7.    Sole Voting Power
 
0
8.    Shared Voting Power
 
9,047,085
9.    Sole Dispositive Power
 
0
10.    Shared Dispositive Power
 
9,047,085
11.    Aggregate Amount Beneficially Owned by Each Reporting Person
 
9,047,085
12.    Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
     
 
13.    Percent of Class Represented by Amount in Row (11)
 
14.0%
14.    Type of Reporting Person (See Instructions)
  PN

 
 
2 of 8

 


CUSIP No.
68618N100
1.    Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Anshuman Dube
 
2.    Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
     
 
(b)
     
 
3.    SEC Use Only
     
 
4.    Source of Funds (See Instructions)
 
AF
5.    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
     
 
6.    Citizenship or Place of Organization
 
United States of America
     
Number of Shares Beneficially Owned by Each Reporting
Person With
7.    Sole Voting Power
 
0
8.    Shared Voting Power
 
9,047,085
9.    Sole Dispositive Power
 
0
10.   Shared Dispositive Power
 
9,047,085
11.    Aggregate Amount Beneficially Owned by Each Reporting Person
 
9,047,085
12.    Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
     
 
13.    Percent of Class Represented by Amount in Row (11)
 
14.0%
14.    Type of Reporting Person (See Instructions)
 IN

 

 
 
 
3 of 8

 


 
CUSIP No.
68618N100
1.    Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Scott Booth
 
2.    Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
     
 
(b)
     
 
3.    SEC Use Only
     
 
4.    Source of Funds (See Instructions)
 
AF
5.    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
     
 
6.    Citizenship or Place of Organization
 
United States of America
     
Number of Shares Beneficially Owned by Each Reporting
Person With
7.    Sole Voting Power
 
0
8.    Shared Voting Power
 
9,047,085
9.    Sole Dispositive Power
 
0
10.   Shared Dispositive Power
 
9,047,085
11.    Aggregate Amount Beneficially Owned by Each Reporting Person
 
9,047,085
12.    Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
     
 
13.    Percent of Class Represented by Amount in Row (11)
 
14.0%
14.    Type of Reporting Person (See Instructions)
 IN

 
 
4 of 8

 

ITEM 1.                      SECURITY AND ISSUER.
 
This Schedule 13D (this “Schedule”) relates to the common stock, par value $0.0001 per share (“Common Stock”), of Organic Alliance, Inc., a Nevada corporation (the “Issuer”).  The principal executive offices of the Issuer are located at 401 Monterey Street, Suite 202, Salinas, California 93901.
 
ITEM 2.                      IDENTITY AND BACKGROUND.
 
This Schedule is filed on behalf of Thread Master GP, LLC, a Delaware limited liability company (“TMGP”), Anshuman Dube (“Dube”), a United States citizen, and Scott Booth (“Booth”), a United States citizen.  This Schedule relates to the securities directly owned by TMGP.  Messrs. Dube and Booth are managers of TMGP and, as a result of their control over the securities held by TMGP, Messrs. Dube and Booth are each deemed to beneficially own the securities of TMGP under Section 13(d) of the Securities Exchange Act of 1934, as amended. TMGP, Dube and Booth are referred to herein as the “Reporting Persons.”

TMGP provides business advisory services.  Dube’s principal occupation is managing director of Theorem Capital, LLC, a California limited liability company that provides business advisory services (“Theorem”),   Mr. Dube also is the managing director of Theorem’s affiliated entities. Booth’s principal occupation is manager of Eastern Advisors Capital Group, LLC, a Delaware limited liability company that serves as an investment manager for certain fund investment vehicles formed for the purpose of investing and trading in a variety of securities and financial instruments.

The business address of TMGP and Booth is 101 Park Avenue, 33rd Floor, New York, New York 10178.  The business address of Dube is 10880 Wilshire Boulevard, Suite 950, Los Angeles, California 90024.

During the last five (5) years, neither Reporting Person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

During the last five (5) years, neither Reporting Person has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining final violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.
 
ITEM 3.                      SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
 
TMGP acquired the securities of the Issuer with its working capital. The disclosures in Item 4 below are hereby incorporated by reference into this Item 3.


 
 
5 of 8

 

ITEM 4.                      PURPOSE OF TRANSACTION.
 
Pursuant to that certain Loan Agreement, dated as of November 16, 2010 (the “Loan Agreement”) Theorem, directly or through its assignee, agreed to loan to the Issuer $500,000. On January 18, 2011, Theorem assigned all of its rights and obligations under the Loan Agreement to TMGP pursuant to a Loan Assignment Agreement dated January 18, 2011, and the loan was completely funded on or about February 3, 2011.
 
In consideration of the loan, the Issuer issued to TMGP a Three-Year Warrant to purchase up to 9,047,085 shares of Common Stock at an exercise price of $0.01 per share (the “Three-Year Warrant”).  The Three-Year Warrant expires on January 31, 2014.
 
The Issuer also issued to TMGP a Five-Year Warrant to purchase up to 9,047,085 shares of Common Stock at an exercise price to be determined no later than June 30, 2011 (the “Five-Year Warrant”).  The exercise price for the Five-Year Warrant will be calculated based on the price at which the Issuer sells shares of either its Common Stock or preferred stock in a capital raising transaction for aggregate gross proceeds of at least $1,000,000 by or before June 30, 2011 (the “Stock Sale”).  If there has been no Stock Sale by June 30, 2011 or if an “Event of Default” as defined under the Loan Agreement occurs, the exercise price will be set at or reduced to $0.01 per share.  The Five-Year Warrant is exercisable commencing on the date that the exercise price is established and expires upon the earlier of: (i) the fifth anniversary of the date that the exercise price has been established, or (ii) June 30, 2016.
 
To the actual knowledge of the Reporting Persons, the Issuer does not currently have any commitments for a Stock Sale within the next 60 calendar days.  Accordingly, the shares of Common Stock issuable upon exercise of the Five-Year Warrant have not been included in the beneficial ownership calculation of the Reporting Persons.
 
The Reporting Persons do not have any plan or proposal which relate to, or may result in, any of the matters listed in Items 4(a)-(j) of Schedule.
 
ITEM 5.                      INTEREST IN SECURITIES OF THE ISSUER.
 
The disclosures in Item 4 above are incorporated by reference into this Item 5.
 
As of the date of this filing, TMGP directly owns the Three-Year Warrant to purchase up to 9,047,085 shares of Common Stock and the Five-Year Warrant to purchase up to 9,047,085 shares of Common Stock (the Five-Year Warrant is not currently exercisable and is not expected to be exercisable within the next 60 days).  Based on the assumption that the Issuer has 55,674,374 shares of Common Stock outstanding, which is the number of shares reported to be outstanding on the Issuer’s Information Statement filed with the Securities and Exchange Commission on November 15, 2010, the Reporting Persons beneficially own 14.0% of the Issuer’s outstanding shares of Common Stock.
 

 
 
6 of 8

 

Dube and Booth share the power to vote or to direct the vote, and the power to dispose or to direct the disposition of the Issuer’s securities held by TMGP.  Aside from the transactions described in Item 4 of this Schedule, neither Reporting Person has purchased or sold any Common Stock of the Issuer in the 60 days prior to this filing.
 
To the knowledge of the Reporting Persons, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Issuer reported herein.
 
ITEM 6.                      CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
 
The disclosures in Item 4 above are incorporated by reference into this Item 6.
 
ITEM 7.                      MATERIAL TO BE FILED AS EXHIBITS.
 
 
99.1
Loan Agreement, dated as of November 16, 2010, by and between Organic Alliance, Inc. and Theorem Capital, LLC. *
 
 
99.2
Loan Assignment Agreement, dated January 18, 2011, by and among Organic Alliance, Inc., Theorem Capital, LLC and Thread Master GP, LLC.
 
 
99.3
Three-Year Warrant, dated as of January 31, 2011. *
 
 
99.4
Five-Year Warrant, dated as of January 31, 2011. *
 
 
99.5
Agreement of Joint Filing, by and among the Reporting Persons.
 
* Incorporated by reference to the Current Report on Form 8-K filed by Organic Alliance, Inc. with the Securities and Exchange Commission on March 15, 2011.
 

 
 
7 of 8

 

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
 
Dated:           March 15, 2011
 
THREAD MASTER GP, LLC
 
By: /s/ Anshuman Dube       
       Anshuman Dube, Manager
 
 
 
Dated:           March 15, 2011
 
/s/ Anshuman Dube         
     ANSHUMAN DUBE
 
 
 
Dated:           March 15, 2011
 
/s/ Scott Booth               
    SCOTT BOOTH
 

 
 
 8 of 8

EX-99.2 2 loanassignmentagreement.htm LOAN ASSIGNMENT AGREEMENT BY AND AMONG ORGANIC ALLIANCE, INC., THEOREM CAPITAL, LLC AND THREAD MASTER GP, LLC. loanassignmentagreement.htm


Exhibit 99.2
 
LOAN ASSIGNMENT AGREEMENT
 

This LOAN ASSIGNMENT AGREEMENT (this “Assignment Agreement”), is executed as of January 18, by and between ORGANIC ALLIANCE, INC., a Nevada corporation (the “Company”), and THEOREM CAPITAL, LLC, a California limited liability company (“Theorem”).
 
WHEREAS, the Company and Theorem have entered into that certain Loan Agreement, dated November 16, 2010 (the “Agreement”), pursuant to which Theorem has agreed to extend a $500,000 loan to the Company; and
 
WHEREAS, in connection with the $500,000 loan, the Company and Theorem are entering into certain other documents related to the loan, including two warrants, a promissory note, a subordination and exchange agreement, and an escrow agreement; and
 
WHEREAS, Theorem has assigned all of its rights and obligations to THREAD MASTER GP LLC (“Assignee”); and
 
WHEREAS, instead of Theorem, Assignee will fund the $500,000 loan on Thursday, January 20, 2011, and the Company will accept the $500,000 loan from Assignee; and
 
WHEREAS, the Company and Theorem desire to hereby acknowledge the change in the lender under the $500,000 loan, and further desire to agree to reflect the change in parties to all of the loan documents.
 
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Theorem, intending to be legally bound, agree as follows:

1.           Definitions.  Unless otherwise defined herein, all capitalized terms in this Assignment Agreement shall have the meanings set forth in the Agreement.  The term “Loan Documents” in this Agreement shall mean all of the following agreements and documents:  (i) Agreement; (ii) Note; (iii) Three-Year Warrant; (iv) the Five-Year Warrant, (v) the Escrow Agreement; and (vi) the Subordination and Exchange Agreement.

2.           Assignment of Rights and Obligations.  Theorem hereby confirms that it has assigned all of its rights and obligations under the Loan Documents to Assignee, and that Assignee has agreed to assume all of Theorem’s rights and to perform all of Theorem’s obligations under the Loan Documents.  The Company hereby agrees to the foregoing assignment and assumption.  In the event of any future assignments from Assignee to another party, any and all accrued interest incurred during the first six months of the loan, and any interest paid on that amount going forward must continue to be paid to Assignee.

 
 

 

3.           Funding of the Loan/Closing.  The Company hereby agrees that the Loan Closing Date shall be January 20, 2011, and further agrees that it will accept the $500,000 loan proceeds on such date from Assignee.  For the purposes of the Agreement, the $500,000 of funds to be received from Assignee shall constitute the Loan under the Agreement.

4.           Amendment of  Loan Documents.  Theorem and the Company hereby agree to amend the Loan Documents to reflect the (i) change in the Loan Closing Date (from November 17, 2010 to January 20, 2011), and (ii) assignment by Theorem of its rights and obligations to Assignee (including substituting Assignee as the “Lender” under the Agreement).  Theorem and the Company agree to use their best efforts to revise the Loan Documents and to delivery the revised Note and the Warrants, registered in Assignee’s name, to Assignee’s offices within three business days after the January 20, 2011 Loan Closing Date.

IN WITNESS WHEREOF, the parties have caused this Assignment Agreement to be signed in its name on the date first set forth above.
 
 
ORGANIC ALLIANCE, INC.
 
 
By: /s/ Parker Booth                                                             
Parker Booth
Chief Executive Officer
 
 
 
THEOREM CAPITAL, LLC
 
 
By: /s/ Anshuman Dube                                                             
Anshuman (Andy) Dube
Manager
 
 
 
THREAD MASTER GP LLC
 
By: /s/ Anshuman Dube                                                             
Anshuman (Andy) Dube
Manager
 
 
By: /s/ Scott Booth                                                             
Scott Booth
Manager
 

EX-99.5 3 agreementofjointfiling.htm AGREEMENT OF JOINT FILING agreementofjointfiling.htm


Exhibit 99.5
 
 
AGREEMENT OF JOINT FILING
 
The undersigned hereby agree that the statement on Schedule 13D filed herewith (and any amendments thereto), is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, on behalf of each such person.

Dated:           March 15, 2011
THREAD MASTER GP, LLC
 
By: /s/ Anshuman Dube      
       Anshuman Dube, Manager
 
Dated:           March 15, 2011
/s/ Anshuman Dube        
ANSHUMAN DUBE
 
 
Dated:           March 15, 2011
/s/ Scott Booth           
SCOTT BOOTH