SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Laurus Master Fund Ltd, et al. – ‘SC 13G/A’ on 2/16/10 re: Retail Pro, Inc.

On:  Tuesday, 2/16/10, at 7:48am ET   ·   Accession #:  1144204-10-7692   ·   File #:  5-51775

Previous ‘SC 13G’:  ‘SC 13G/A’ on 2/16/10   ·   Next:  ‘SC 13G/A’ on 2/16/10   ·   Latest:  ‘SC 13G/A’ on 7/22/13

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/16/10  Laurus Master Fund Ltd            SC 13G/A               1:83K  Retail Pro, Inc.                  Vintage/FA
          Chris Johnson
          David Grin
          Eugene Grin
          Laurus Capital Management, LLC
          Psource Structured Debt Limited
          Russell Smith
          Valens Capital Management, LLC
          Valens Offshore SPV II, Corp.
          Valens U.S. SPV I, LLC

Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership        28±   130K 


Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
5Valens U.S
12Item 1(a). Name of Issuer: Retail Pro, Inc
"Item 2(a). Name of Person Filing: Laurus Master Fund, Ltd. (in Liquidation)*
"Item 2(c). Citizenship: Cayman Islands
13Item 2(d). Title of Class of Securities: Common Stock
"Item 2(e). CUSIP Number: 76131K107
"Item 3. Not Applicable
"Item 4. Ownership:
"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 Subsidiary Which Acquired the Securities: 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:
SC 13G/A1st “Page” of 18TOCTopPreviousNextBottomJust 1st
 

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.2) RETAIL PRO, INC. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.0001 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 76131K107 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2009 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) The information required in 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).
SC 13G/A2nd “Page” of 18TOC1stPreviousNextBottomJust 2nd
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). PSource Structured Debt Limited -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Guernsey -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A3rd “Page” of 18TOC1stPreviousNextBottomJust 3rd
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Laurus Master Fund, Ltd.(In Liquidation)* 98-0337673 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A4th “Page” of 18TOC1stPreviousNextBottomJust 4th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Laurus Capital Management, LLC 13-4150669 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A5th “Page” of 18TOC1stPreviousNextBottomJust 5th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Valens U.S. SPV I, LLC 20-8903266 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A6th “Page” of 18TOC1stPreviousNextBottomJust 6th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Valens Offshore SPV II, Corp. 26-0811267 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A7th “Page” of 18TOC1stPreviousNextBottomJust 7th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Valens Capital Management, LLC 20-8903345 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 00 -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A8th “Page” of 18TOC1stPreviousNextBottomJust 8th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Chris Johnson -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 shares of Common Stock. * SHARES ------------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 6,464,307 shares of Common Stock. * OWNED BY ------------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 shares of Common Stock. * REPORTING ------------------------------------------------------------------- PERSON 8 SHARES DISPOSITIVE POWER: 6,464,307 shares of Common Stock. * -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A9th “Page” of 18TOC1stPreviousNextBottomJust 9th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Russell Smith -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 shares of Common Stock. * SHARES ------------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 6,464,307 shares of Common Stock. * OWNED BY ------------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 shares of Common Stock. * REPORTING ------------------------------------------------------------------- PERSON 8 SHARES DISPOSITIVE POWER: 6,464,307 shares of Common Stock. * -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A10th “Page” of 18TOC1stPreviousNextBottomJust 10th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). David Grin -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States and Israel -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A11th “Page” of 18TOC1stPreviousNextBottomJust 11th
CUSIP No. 76131K107 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Eugene Grin -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares of Common Stock.* ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 6,464,307 shares of Common Stock.* OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 shares of Common Stock.* WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,464,307 shares of Common Stock.* -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,464,307 shares of Common Stock. -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |X| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN -------------------------------------------------------------------------------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A12th “Page” of 18TOC1stPreviousNextBottomJust 12th
Item 1(a). Name of Issuer: Retail Pro, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 3252 HOLIDAY COURT, SUITE 226, LA JOLLA, CA 92037 Item 2(a). Name of Person Filing: Laurus Master Fund, Ltd. (in Liquidation)* This Schedule 13G, as amended, is also filed on behalf of PSource Structured Debt Limited, a closed ended company incorporated with limited liability in Guernsey, Laurus Capital Management, LLC, a Delaware limited liability company, Valens Offshore SPV II, Corp., a Delaware corporation, Valens U.S. SPV I, LLC, a Delaware limited liability company, Valens Capital Management, LLC, a Delaware limited liability company, Chris Johnson, Russell Smith, Eugene Grin and David Grin. Laurus Master Fund, Ltd. (In Liquidation) is in official liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The Joint Official Liquidators have discretion over the management of Laurus Master Fund, Ltd. (In Liquidation) and the disposition of its assets, including the securities owned by Laurus Master Fund, Ltd. (In Liquidation) reported in this Schedule 13G, as amended. Laurus Capital Management, LLC, acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to Laurus Master Fund, Ltd. (In Liquidation) and its two feeder funds concerning their respective assets, including the securities owned by Laurus Master Fund, Ltd. (In Liquidation) reported in this Schedule 13G, as amended, subject to the oversight and preapproval rights of the Joint Official Liquidators and Laurus Capital Management, LLC's obligations to Laurus Master Fund, Ltd. (In Liquidation) under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the Joint Official Liquidators at their discretion. Laurus Capital Management, LLC manages PSource Structured Debt Limited, subject to certain preapproval rights of the board of directors of Psource Structured Debt Limited. Valens Capital Management, LLC manages Valens Offshore SPV I Ltd. and Valens U.S. SPV I, LLC. Eugene Grin and David Grin, through other entities, are the controlling principals of Laurus Capital Management, LLC and Valens Capital Management, LLC and share voting and investment power over the securities owned by Laurus Master Fund, Ltd. (In Liquidation) (subject to the oversight and preapproval rights of the Joint Official Liquidators), PSource Structured Debt Limited, Valens Offshore SPV II, Corp., and Valens U.S. SPV I, LLC reported in this Schedule 13G, as amended. The Joint Official Liquidators share voting and investment power over the securities owned by Laurus Master Fund, Ltd. (In Liquidation). Information related to each of Joint Official Liquidators, Laurus Capital Management, LLC, PSource Structured Debt Limited, Valens U.S. SPV I, LLC, Valens Offshore SPV II, Corp., Valens Capital Management, LLC, Eugene Grin and David Grin is set forth on Appendix A hereto. Item 2(b). Address of Principal Business Office or if none, Residence: c/o Laurus Capital Management, LLC, 335 Madison Avenue, 10th Floor, New York, NY 10017 Item 2(c). Citizenship: Cayman Islands
SC 13G/A13th “Page” of 18TOC1stPreviousNextBottomJust 13th
Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 76131K107 Item 3. Not Applicable Item 4. Ownership: (a) Amount Beneficially Owned: 6,464,307 shares of Common Stock* (b) Percent of Class: 9.99%* (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares of Common Stock* (ii) shared power to vote or to direct the vote: 6,464,307 shares of Common Stock* (iii) sole power to dispose or to direct the disposition of: 0 shares of Common Stock* (iv) shared power to dispose or to direct the disposition of: 6,464,307 shares of Common Stock* 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 Subsidiary Which Acquired the Securities: 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.
SC 13G/A14th “Page” of 18TOC1stPreviousNextBottomJust 14th
----------- *Based on 61,340,195 shares of the common stock, par value $0.0001 per share (the "Shares"), issued and outstanding of Retail Pro, Inc., a Delaware corporation (the "Company") as of May 29, 2008, as disclosed in the Company's Quarterly Report on Form 10-Q/A for the fiscal year ended December 31, 2007 (the "10-Q/A"), which was the last report filed by the Company reporting the number of issued and outstanding Shares of the Company. The Company has not filed any public filing describing its outstanding Shares or the number of issued and outstanding Shares of the Company since the 10-Q/A. The Reporting Persons have no reason to believe that the information regarding the number of issued and outstanding Shares of the Company contained in the 10-Q/A is inaccurate. . As of December 31, 2009, PSource Structured Debt Limited ("PSource"), Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"), Valens U.S. SPV I, LLC, ("Valens US"), and Valens Offshore SPV II, Corp. ("VOFF SPV II", and together with PSource, the Fund, and Valens US, the "Investors") collectively held (i) 3,096,713 Shares, (ii) a warrant (the "First Warrant") to acquire 3,750,000 Shares at an exercise price of $0.71 per Share, subject to certain adjustments, (ii) a warrant (the "Second Warrant") to acquire 250,000 Shares at an exercise price of $0.43 per Share, subject to certain adjustments, (iii) a warrant (the "Third Warrant") to acquire 4,444,444 Shares at an exercise price of $0.23 per Share, subject to certain adjustments, (iv) a warrant (the "Fourth Warrant") to acquire 1,200,000 Shares at an exercise price of $0.20 per Share, subject to certain adjustments, (v) a warrant (the "Option") to acquire 14,028,152 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vi) a warrant ("Option 2A") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (vii) a warrant ("Option 2") to acquire 1,125,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (viii) a warrant ("Option 3") to acquire 1,706,250 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (ix) a warrant ("Option 4")to acquire 1,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments, (x) a warrant ("Option 5", and together with the First Warrant, Second Warrant, Third Warrant, Fourth Warrant, Option, Option 2A, Option 3 and Option 4, collectively, the "Warrants") to acquire 15,000,000 Shares at an exercise price of $0.01 per Share, subject to certain adjustments. The Warrants contain an issuance limitation prohibiting the Investors from exercising those securities to the extent that such exercise would result in beneficial ownership by the Investors of more than 9.99% of the Shares then issued and outstanding (the "9.99% Issuance Limitation"). The 9.99% Issuance Limitation may be (a) waived by the Investors upon at least 61 days prior notice to the Company, provided there no indebtedness owed to the Investors is outstanding, and (b) following notice to the Company shall automatically become null and void upon the occurrence and/or continuance of an event of default (as defined in and pursuant to the terms of the applicable instrument). The Fund is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this Schedule 13G, as amended. Laurus Capital Management, LLC ("LCM") acting through its controlling principals, Eugene Grin and David Grin, provides day to day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this Schedule 13G, as amended, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; all of the foregoing subject to specific directions otherwise given by the JOLs at their discretion. PSource is managed by LCM, subject to certain preapproval rights of the board of directors of Psource. Valens U.S. and VOFF SPV II are managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin, through other entities, are the controlling principals of LCM and VCM and share voting and investment power over the securities owned by the Fund (subject to the oversight and preapproval rights of the JOLs), PSource, Valens U.S. and VOFF SPV II reported in this Schedule 13G, as amended. The JOLs share voting and investment power over the securities owned by the Fund.
SC 13G/A15th “Page” of 18TOC1stPreviousNextBottomJust 15th
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. February 12, 2010 -------------------------- Date LAURUS MASTER FUND, LTD. (IN LIQUIDATION) /s/ Russell Smith ----------------------------------------- Russell Smith Joint Official Liquidator (for the account of Laurus Master Fund, Ltd. and with no personal liability) February 12, 2010
SC 13G/A16th “Page” of 18TOC1stPreviousNextBottomJust 16th
APPENDIX A A. Name: PSource Structured Debt Limited, a closed ended company incorporated with limited liability in Guernsey Business 335 Madison Avenue, 10th Floor Address: New York, New York 10017 Place of Organization: Guernsey B. Name: Laurus Capital Management, LLC, a Delaware limited liability company Business 335 Madison Avenue, 10th Floor Address: New York, New York 10017 Place of Organization: Delaware C. Name: Valens U.S. SPV I LLC, a Delaware limited liability company Business 335 Madison Avenue, 10th Floor Address: New York, New York 10017 Place of Organization: Delaware D. Name: Valens Offshore SPV II, Corp., a Delaware corporation Business 335 Madison Avenue, 10th Floor Address: New York, New York 10017 Place of Organization: Delaware E. Name: Valens Capital Management, LLC, a Delaware limited liability company Business 335 Madison Avenue, 10th Floor Address: New York, New York 10017 Place of Organization: Delaware F. Name: Eugene Grin Business Address: 335 Madison Avenue, 10th Floor Address New York, New York 10017 Principal Principal of Valens Capital Management, LLC Occupation: Principal of Laurus Capital Management, LLC Citizenship: United States G. Name: David Grin Business Address: 335 Madison Avenue, 10th Floor New York, New York 10017 Principal Principal of Valens Capital Management, LLC Occupation: Principal of Laurus Capital Management, LLC Citizenship: United States and Israel
SC 13G/A17th “Page” of 18TOC1stPreviousNextBottomJust 17th
H. Name: Chris Johnson Business Address: Elizabethan Square, 80 Shedden Road, George Town, Grand Cayman, Cayman Islands KY1-1104 Principal Occupation: Managing Director, Johnson Smith Associates Ltd. Citizenship: Cayman Islands I. Name: Russell Smith Business Address: Elizabethan Square, 80 Shedden Road, George Town, Grand Cayman, Cayman Islands KY1-1104 Principal Occupation: Director, Johnson Smith Associates Ltd. Citizenship: Cayman Islands
SC 13G/ALast “Page” of 18TOC1stPreviousNextBottomJust 18th
Each of PSource Structured Debt Limited, Laurus Capital Management, LLC, Valens U.S. SPV I, LLC, Valens Offshore SPV II, LLC, Valens Capital Management, LLC, Chris Johnson, Russell Smith, Eugene Grin and David Grin hereby agrees, by their execution below, that the Schedule 13G to which this Appendix A is attached is filed on behalf of each of them, respectively. PSource Structured Debt Limited By: Laurus Capital Management, LLC Individually and as investment manager /s/ Eugene Grin ---------------------------------- Eugene Grin Principal February 12, 2010 Valens U.S. SPV I, LLC Valens Offshore SPV II, Corp. By: Valens Capital Management, LLC Individually and as investment manager /s/ Eugene Grin ---------------------------------- Eugene Grin Principal February 12, 2010 /s/ Chris Johnson ------------------------------------------- Chris Johnson, on his individual behalf February 12, 2010 /s/ Russell Smith ------------------------------------------- Russell Smith, on his individual behalf February 12, 2010 /s/ Eugene Grin ------------------------------------------- Eugene Grin, on his individual behalf February 12, 2010 /s/ David Grin ------------------------------------------- David Grin, on his individual behalf February 12, 2010

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘SC 13G/A’ Filing    Date First  Last      Other Filings
Filed on:2/16/10SC 13G/A
2/12/101518
12/31/09114
5/29/0821410-Q
12/31/0721410-Q,  10-Q/A,  4
4/26/07214
 List all Filings 
Top
Filing Submission 0001144204-10-007692   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu., Apr. 25, 7:33:04.1pm ET