UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Fresh America Corp.
---------------------------------
(Name of Issuer)
Common Stock ($.01 par value)
---------------------------------
(Title of Class of Securities)
35803R105
-------------------
(CUSIP Number)
Arthur W. Hollingsworth, 13355 Noel Road, Suite 2210
Dallas, Texas 75240; (972) 702-7390
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notice and
Communications)
September 4, 2001
-------------------
(Date of Event which Requires Filing of 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 (S)(S) 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 (S) 240.13d-7(b) 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 the
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).
SEC 1746
CUSIP NO. 35803R105 13D
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
North Texas Opportunity Fund LP
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4 WC
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Texas
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,934,094
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 -0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 3,934,094
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 47%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14 PN
------------------------------------------------------------------------------
2
CUSIP NO. 35803R105 13D
------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
North Texas Opportunity Fund Capital Partners LP
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4 Not Applicable
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,934,094
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 -0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 3,934,094
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 47%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14 PN
------------------------------------------------------------------------------
3
CUSIP NO. 35803R105 13D
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
NTOF LLC
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See Instructions)
(a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4 Not Applicable
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,934,094
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 3,934,094
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 47%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14 CO
------------------------------------------------------------------------------
4
CUSIP NO. 35803R105 13D
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
North Texas Investment Advisors LLC
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See Instructions) (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4 Not Applicable
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,934,094
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 3,934,094
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 47%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14 CO
------------------------------------------------------------------------------
5
CUSIP NO. 35803R105 13D
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Arthur W. Hollingsworth
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See Instructions) (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4 Not Applicable
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 United States
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,934,094
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 3,934,094
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 47%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14 IN
------------------------------------------------------------------------------
6
CUSIP NO. 35803R105 13D
------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Luke M. Sweetser
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,934,094
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
3,934,094
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
12
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
47%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
7
CUSIP NO. 35803R105 13D
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Gregory A. Campbell
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,934,094
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
3,934,094
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
12
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
47%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
8
Schedule 13D
Under the Securities and Exchange Commission Act of 1934
Introduction
Item 1. Security and Issuer
This Statement relates to the common stock, $.01 par value, ("Common
Stock") of Fresh America Corp. (the "Issuer"). The principal executive offices
of the Issuer are located at 6600 LBJ Freeway, Suite 180, Dallas, Texas 75240.
Item 2. Identity and Background
(a) This Statement is filed by (i) North Texas Opportunity Fund LP
("NTOF") as the direct beneficial owner of the Common Stock previously
referenced on pages 2 through 8; (ii) North Texas Opportunity Fund Capital
Partners LP ("NTOF Partners"), as an indirect beneficial owner of this Common
Stock given that NTOF Partners is the general partner of NTOF; (iii) NTOF LLC
("NTOF LLC") as an indirect beneficial owner of this Common Stock given that
NTOF LLC is the general partner of NTOF Partners; (iv) North Texas Investment
Advisors LLC ("NTI Advisors") as an indirect beneficial owner of this Common
Stock given that NTI Advisors is the investment manager to NTOF; (v) Arthur W.
Hollingsworth ("Hollingsworth"), as an indirect beneficial owner of this Common
Stock given that Hollingsworth is a manager of NTOF LLC and of NTI Advisors;
(vi) Luke M. Sweetser ("Sweetser"), as an indirect beneficial owner of this
Common Stock given that Sweetser is a manager of NTOF LLC and of NTI Advisors;
and (vii) Gregory A. Campbell ("Campbell"), as an indirect beneficial owner of
this Common Stock given that Campbell is a manager of NTOF LLC and of NTI
Advisors (collectively, the "Reporting Persons").
(b) The principal business address of the Reporting Persons is 13355
Noel Road, Suite 2210, Dallas, Texas 75240.
(c) NTOF, NTOF Partners and NTOF LLC are private equity investment
funds. NTI Advisors is an investment manager to NTOF. Hollingsworth, Sweetser
and Campbell are investment/equity fund managers.
(d) During the last five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Reporting Persons has 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.
(f) NTOF is a limited partnership organized under the laws of the State
of Texas. NTOF Partners is a limited partnership organized under the laws of the
State of Delaware. NTOF LLC and NTI Advisors are limited liability companies
organized under the laws of the State of Delaware. Hollingsworth, Sweetser and
Campbell are U.S. citizens.
9
Item 3. Source and Amount of Funds or Other Consideration.
Operating capital of NTOF was used to purchase the shares of Series D
Preferred Stock and Warrants issued to NTOF pursuant to the transaction
described in Item 4 below.
Item 4. Purpose of Transaction
On August 14, 2001, NTOF, the Issuer and certain other parties executed a
Securities Exchange and Purchase Agreement ("Purchase Agreement") whereby NTOF
would invest $5 million in cash in exchange for 50,000 shares of Series D
Preferred Stock of the Issuer and warrants ("Warrants") to purchase an aggregate
of 84,100,980 shares of Common Stock, or approximately 50% of the Issuer's fully
diluted Common Stock. The transactions contemplated by the Purchase Agreement
were effective as of September 5, 2001, subject to certain post-closing
conditions. Although the Warrants are immediately exercisable, the Company
currently does not have a sufficient number of authorized shares of Common Stock
to issue upon exercise of the Warrants. Therefore, before the Warrants may be
exercised by NTOF, shareholder approval must be obtained to, among other things,
approve an amendment to the Issuer's Articles of Incorporation to increase the
number of authorized shares of Common Stock and decrease the stated par value of
the Common Stock. A copy of the Purchase Agreement and Post-Closing Agreement
related thereto are attached hereto as Exhibits B and F, respectively. A copy of
the Warrant is attached hereto as Exhibit D.
The Certificate of Designations for the Series D Preferred Stock of the
Issuer provides, among other things, for special voting rights upon failure to
receive shareholder approval in connection with the matters contemplated by the
Purchase Agreement. These voting rights provide that upon failure to receive the
requisite shareholder approval by December 31, 2001, then, from and after
January 1, 2002, the holders of the Series D Preferred Stock shall be entitled
(i) except as otherwise provided by applicable law, to vote as a separate class
on all matters on which any shareholder of the Issuer are entitled to vote or to
consent: and (ii) to vote together with the holders of Common Stock on all
matters on which any holder of Common Stock is entitled to vote or to consent,
with each share of Series D Preferred Stock being entitled to 250 votes per
share. A copy of the Certificate of Designation for the Series D Preferred Stock
is attached hereto as Exhibit E.
NTOF, the Issuer and certain other parties also executed a Shareholders
Agreement ("Shareholders Agreement") on August 14, 2001 which, among other
things, provides that for so long as NTOF owns any capital stock of the Issuer,
NTOF shall have the right to designate three of the five directors of the
Issuer. In addition, under certain circumstances, NTOF may have the right to
designate one additional director to the Board. The Shareholders Agreement also
contains a voting agreement whereby NTOF and certain other shareholders have
agreed to vote all shares owned or later acquired by such shareholders so that
at all times the persons designated to serve as members of the Board of
Directors pursuant to the provisions of the Shareholders Agreement will be
elected and remain members of the Board of Directors. A copy of the Shareholders
Agreement is attached hereto as Exhibit C.
On September 4, 2001, as a material inducement to consummating the
transactions set forth in the Purchase Agreement, NTOF and Larry Martin, a
shareholder of the Issuer ("Martin"), executed a Voting Agreement and
Irrevocable Proxy ("Martin Voting Agreement") whereby Martin has agreed (i) not
to transfer or otherwise dispose of the 3,166,694 shares of Common Stock
presently owned by him, as well as any shares of Common Stock purchased by him
after the date of execution of the Martin Voting Agreement, and (ii) to vote
such shares of Common Stock so as to facilitate the consummation of the
transactions contemplated by the Purchase Agreement, including the approval of
the amendment to the Issuer's Articles of Incorporation increasing the number of
authorized shares of Common Stock and decreasing the stated par value of the
Common Stock. Martin has granted an irrevocable proxy to Hollingsworth and
Sweetser to vote Martin's shares of Common Stock in connection with and in favor
of the transactions contemplated by the Purchase Agreement. A copy of the Martin
Voting Agreement is attached hereto as Exhibit A.
On September 10, 2001, as a material inducement to consummating the
transactions set forth in the Purchase Agreement, NTOF and Gruber & McBaine
Capital Management, a beneficial owner of the Issuer's Common Stock ("Gruber &
McBaine"), executed a Voting Agreement and Irrevocable Proxy ("Gruber & McBaine
Voting Agreement") whereby Gruber & McBaine has agreed (i) not to transfer or
otherwise dispose of the 767,400 shares of Common Stock over which it has
disposition power, as well as any shares of Common Stock that it purchases after
the date of execution of the Gruber & McBaine Voting Agreement, and (ii) to vote
such shares of Common Stock so as to facilitate the consummation of the
transactions contemplated by the Purchase Agreement, including the approval of
the amendment to the Issuer's Articles of Incorporation increasing the number of
authorized shares of Common Stock and decreasing the stated par value of the
Common Stock. Gruber & McBaine has granted an irrevocable proxy to Hollingsworth
and Sweetser to vote its shares of Common Stock in connection with and in favor
of the transactions contemplated by the Purchase Agreement. A copy of the Gruber
& McBaine Voting Agreement is attached hereto as Exhibit G.
10
Item 5. Interest in Securities of Issuer
(a) The Reporting Persons are the beneficial owners of 3,934,094 shares
of Common Stock of the Issuer. This holding represents approximately 47% of the
total of 8,410,098 shares of Common Stock currently outstanding (according to
information provided to the Reporting Persons by the Issuer).
(b) The Reporting Persons have the shared power to vote or direct the
vote of 3,934,094 shares of Common Stock of the Issuer. The Reporting Persons do
not have the power to dispose or to direct the disposition of any shares of
Common Stock of the Issuer.
(c) Except as disclosed above in response to Item 4, there have been no
transactions in shares of Common Stock by the Reporting Persons.
(d) Larry Martin has the right to receive and power to direct receipt of
dividends, or the proceeds from the sale of 3,166,694 shares of Common Stock of
the Issuer. Gruber & McBaine Capital Management is a registered investment
adviser whose clients have the right to receive and power to direct receipt of
dividends from, or the proceeds from the sale, of 767,400 shares of Common
Stock of the Issuer.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
See Item 4 above.
Item 7. Material to Be Filed as Exhibits
Exhibit No. Description
----------- -----------
A Voting Agreement and Irrevocable Proxy, dated September 4,
2001 by and between North Texas Opportunity Fund LP and
Larry Martin
B Securities Exchange and Purchase Agreement, dated August
14, 2001, by and among Fresh America Corp., North Texas
Opportunity Fund LP and each of John Hancock Life
Insurance Company, John Hancock Variable Life Insurance
Company, Signature 1A (Cayman), Ltd., Signature 3 Limited
and Investors Partner Life Insurance Company
C Shareholders Agreement, dated August 14, 2001, by and
among Fresh America Corp., North Texas Opportunity Fund
LP and each of John Hancock Life Insurance Company, John
Hancock Variable Life Insurance Company, Signature 1A
(Cayman), Ltd., Signature 3 Limited and Investors Partner
Life Insurance Company
D North Texas Opportunity Fund LP Warrant to purchase
84,100,980 shares of common stock of Fresh America Corp.
E Certificate of Designation
F Post-Closing Agreement dated as of September 5, 2001, by
and among Fresh America Corp., North Texas Opportunity
Fund LP, John Hancock Life Insurance Company, John Hancock
Variable Life Insurance Company, Signature 1A (Cayman),
Ltd., Signature 3 Limited and Investors Partner Life
Insurance Company.
G Voting Agreement and Irrevocable Proxy, dated September
10, 2001, by and between North Texas Opportunity Fund LP
and Gruber & McBaine Capital Management.
11
Signatures
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.
September 14, 2001 NORTH TEXAS OPPORTUNITY FUND LP
By: North Texas Opportunity Fund Capital
Partners LP, its general partner
By: NTOF, LLC, its general partner
By: /s/ Arthur W. Hollingsworth
-------------------------------------
Name: Arthur W. Hollingsworth
Title: Manager
September 14, 2001 NORTH TEXAS OPPORTUNITY FUND CAPITAL
PARTNERS LP
By: NTOF, LLC, its general partner
By: /s/ Arthur W. Hollingsworth
-------------------------------------
Name: Arthur W. Hollingsworth
Title: Manager
September 14, 2001 NTOF, LLC
By: /s/ Arthur W. Hollingsworth
-------------------------------------
Name: Arthur W. Hollingsworth
Title: Manager
September 14, 2001 ARTHUR W. HOLLINGSWORTH
/s/ Arthur W. Hollingsworth
----------------------------------------
September 14, 2001 NORTH TEXAS INVESTMENT ADVISORS LLC
By: /s/ Arthur W. Hollingsworth
-------------------------------------
Name: Arthur W. Hollingsworth
Title: Manager
12
September 14, 2001 LUKE M. SWEETSER
/s/ Luke M. Sweetser
------------------------------------
September 14, 2001 GREGORY A. CAMPBELL
/s/ Gregory A. Campbell
------------------------------------
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see U.S.C. 1001).
13