-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KnP10kVDjTenLrZ2Qymhbo906ZXaw7VYbup4KGFPzRG+dxL2uQ5HwDQ2Ag/k26B2 JGb3UARnOTzUwBJmEtuWRA== 0001005477-07-002858.txt : 20070503 0001005477-07-002858.hdr.sgml : 20070503 20070503170935 ACCESSION NUMBER: 0001005477-07-002858 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20070503 DATE AS OF CHANGE: 20070503 GROUP MEMBERS: ASTRAEA INVESTMENT AND MANAGEMENT SERVICES COMPANY GROUP MEMBERS: ASTRAEA INVESTMENT MANAGEMENT, L.P. GROUP MEMBERS: BANCROFT, CHRISTOPHER GROUP MEMBERS: CHARLES A. SAMMONS 1987 CHARITABLE REMAINDER TRUST NO. TWO GROUP MEMBERS: CONSOLIDATED INVESTMENT SERVICES, INC. GROUP MEMBERS: HERAKLES INVESTMENTS, INC. GROUP MEMBERS: JARVIE, CHARLES GROUP MEMBERS: JORDAN, MICHAEL GROUP MEMBERS: KELLOGG, DAVID GROUP MEMBERS: LEADBETTER, BRUCE GROUP MEMBERS: LONG, PAT GROUP MEMBERS: OPUS 5949 LLC GROUP MEMBERS: OTTER, INC. GROUP MEMBERS: PASAHOW, DAVID GROUP MEMBERS: PIGOTT, JOHN GROUP MEMBERS: POTTINGER, PAUL GROUP MEMBERS: SAMMONS DISTRIBUTION HOLDINGS, INC. GROUP MEMBERS: SAMMONS ENTERPRISES, INC. GROUP MEMBERS: SAMMONS VPC, INC. GROUP MEMBERS: SIANG, GOH YONG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTH AMERICAN TECHNOLOGIES GROUP INC /TX/ CENTRAL INDEX KEY: 0000808013 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 330041789 FISCAL YEAR END: 1001 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42313 FILM NUMBER: 07816513 BUSINESS ADDRESS: STREET 1: 14315 WEST HARDY ROAD STREET 2: SUITE 301 CITY: HOUSTON STATE: TX ZIP: 77060 BUSINESS PHONE: 281-847-0029 MAIL ADDRESS: STREET 1: 14315 WEST HARDY ROAD STREET 2: SUITE 301 CITY: HOUSTON STATE: TX ZIP: 77060 FORMER COMPANY: FORMER CONFORMED NAME: NORTH AMERICAN TECHNOLOGIES GROUP INC /MI/ DATE OF NAME CHANGE: 19940422 FORMER COMPANY: FORMER CONFORMED NAME: MAIL BOXES COAST TO COAST INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sponsor Investments, LLC CENTRAL INDEX KEY: 0001318537 IRS NUMBER: 020681770 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: TWO LINCOLN CENTER STREET 2: 5420 LBJ FREEWAY, SUITE 1450 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: (972) 490-2360 MAIL ADDRESS: STREET 1: TWO LINCOLN CENTER STREET 2: 5420 LBJ FREEWAY, SUITE 1450 CITY: DALLAS STATE: TX ZIP: 75240 SC 13D/A 1 file001.txt AMENDMENT NUMBER 3 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Rule 13d-101 Under the Securities Exchange Act of 1934 (Amendment No. 3)* North American Technologies Group Inc - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 657193207 - -------------------------------------------------------------------------------- (CUSIP Number) Yolanda Brown 5949 Sherry Lane Suite 1900 Dallas, TX 75225 (214) 210-5056 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 09/16/2006 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) - -------------------------------------------------------------------------------- If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss. 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 Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Sponsor Investments, LLC 02-0681770 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). OO - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Texas - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 112,068,027 (9) Sole dispositive power: 0 (10) Shared dispositive power: 51,488,603 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 112,068,027 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 39.8% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). OO - -------------------------------------------------------------------------------- Page 2 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Astraea Investment and Management Services Company 36-3763672 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). AF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Delaware - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 0 (10) Shared dispositive power: 6,050,000 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 6,050,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 2.1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). CO - -------------------------------------------------------------------------------- Page 3 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Herakles Investments, Inc. 37-1461244 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). OO - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Delaware - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 112,068,027 (9) Sole dispositive power: 0 (10) Shared dispositive power: 104,518,027 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 112,068,027 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 39.8% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). CO - -------------------------------------------------------------------------------- Page 4 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Opus 5949 LLC 20-0154162 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). OO - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Texas - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 10,936,386 (9) Sole dispositive power: 0 (10) Shared dispositive power: 10,936,386 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 10,936,386 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 3.9% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). OO - -------------------------------------------------------------------------------- Page 5 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Consolidated Investment Services, Inc. 88-0214301 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). AF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Nevada - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 123,004,513 (9) Sole dispositive power: 0 (10) Shared dispositive power: 62,425,089 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 123,004,513 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 43.6% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). CO - -------------------------------------------------------------------------------- Page 6 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Sammons Enterprises, Inc. 75-6027423 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). AF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Delaware - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 123,004,513 (9) Sole dispositive power: 0 (10) Shared dispositive power: 62,425,089 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 123,004,513 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 43.6% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). CO - -------------------------------------------------------------------------------- Page 7 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Sammons Distribution Holdings, Inc. 75-1738314 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). AF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Delaware - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 10,936,386 (9) Sole dispositive power: 0 (10) Shared dispositive power: 10,936,386 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 10,936,386 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 3.9% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). CO - -------------------------------------------------------------------------------- Page 8 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Sammons VPC, Inc. 75-2732541 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). AF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Delaware - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 10,936,386 (9) Sole dispositive power: 0 (10) Shared dispositive power: 10,936,386 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 10,936,386 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 3.9% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). CO - -------------------------------------------------------------------------------- Page 9 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Charles A. Sammons 1987 Charitable Remainder Trust No. Two 75-2182631 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). AF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Texas - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 123,004,513 (9) Sole dispositive power: 0 (10) Shared dispositive power: 62,425,089 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 123,004,513 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 43.6% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). OO - -------------------------------------------------------------------------------- Page 10 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Astraea Investment Management, L.P. 75-2387896 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). OO - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Delaware - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 0 (10) Shared dispositive power: 6,050,000 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 6,050,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 2.1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- Page 11 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Otter, Inc. 73-1186819 - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). OO - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Oklahoma - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 100 (9) Sole dispositive power: 0 (10) Shared dispositive power: 100 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 100 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). CO - -------------------------------------------------------------------------------- Page 12 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Leadbetter, Bruce - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 0 (10) Shared dispositive power: 6,050,000 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 6,050,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). 2.1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 13 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Bancroft, Christopher - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 150,000 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 150,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 14 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Jarvie, Charles - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 150,000 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 150,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 15 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Jordan, Michael - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 150,000 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 150,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 16 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Kellogg, David - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 18,519 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 18,519 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 17 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Long, Pat - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 100,500 (8) Shared voting power: 0 (9) Sole dispositive power: 700,500 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 700,500 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 18 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Pasahow, David - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 18,519 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 18,519 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 19 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Pigott, John - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 75,000 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 75,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 20 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Pottinger, Paul - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. United States of America - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 37,963 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 37,963 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN, OO - -------------------------------------------------------------------------------- Page 21 of 24 Pages CUSIP No. 657193207 - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Siang, Goh Yong - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Source of funds (see instructions). PF - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items |_| 2(d) or 2(e). - -------------------------------------------------------------------------------- (6) Citizenship or place of organization. Singapore - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power: 0 (8) Shared voting power: 0 (9) Sole dispositive power: 300,000 (10) Shared dispositive power: 0 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person. 300,000 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11). <1% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- Page 22 of 24 Pages Item 1. Security and Issuer. N/A Item 2. Identity and Background. (a) N/A (b) N/A (c) N/A (d) N/A (e) N/A (f) N/A Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D, is amended and supplemented as follows: \"On September 15, 2006, Herakles entered into a Securities Purchase Agreement with the Company to purchase 10,946,158 shares of Common Stock from the Company in a private transaction (\"September 2006 SPA\"). Herakles paid an aggregate consideration of $3,229,116.61, or $0.295 per share, to the Company. No funds were borrowed by Herakles to acquire the Common Stock. In connection with the September 15, 2006 purchase, Herakles also received from the Company Common Stock warrants to purchase 5,473,079 shares of Common Stock with a term of exercise of 54 months and an exercise price equal to $0.36 per share.\" \"On March 8, 2007, Sponsor and the Company entered into a Conversion Agreement and Amendment pursuant to which Sponsor agreed to convert all of its 7% Convertible Debentures into shares of the Company's Common Stock. In consideration of Sponsor's agreement to convert the Debentures prior to their maturity date of July 1, 2008, the Company agreed to pay Sponsor, via the issuance of Common Stock, the interest the Debentures would have earned if they had been held through their maturity.\" \"Sponsor acquired the following shares of Common Stock effective on the following dates from the Company as interest payments pursuant to the terms of the Company's 7% Convertible Debentures currently due July 1, 2008: (i) effective April 3, 2006 574,335; (ii) effective July 3, 2006 614,036; (iii) effective October 2, 2006 664,657; and (iv) effective January 4, 2007, 664,658. Additionally, Sponsor will be issued 3,951,822 shares of Common Stock as payment for the interest that would have been due through the maturity date of the 7% Convertible Debentures pursuant to the terms and conditions of the Conversion Agreement and Amendment. \"Opus acquired the following shares of Common Stock on the following dates from the Company as interest payments pursuant to the terms of the Construction Loan Agreement, as amended: (i) effective April 3, 2006 1,547,694; (ii) effective July 3, 2006, 552,951; (iii) effective October 2, 2006, 803,221; (iv) effective January 4, 2007, 715.556; and (v) effective April 2, 2007, 887,411. Item 4. Purpose of Transaction. N/A Item 5. Interest in Securities of the Issuer. (a) Item 5 (a) and (b) of the Schedule 13D, are amended as follows: \"As of the date hereof, the Reporting Persons beneficially own an aggregate of 123,004,513 shares of Common Stock, representing approximately 43.6% of the outstanding shares of Common Stock based upon 102,778,906 shares of Common Stock reported by the Company to be outstanding as of December 1, 2006. As of the date hereof, Sponsor beneficially owns 112,068,027 shares of Common Stock which includes (i) shares acquired as payment of interest due on the 7% Convertible Debentures; and (ii) shares acquired upon the conversion of the 7% Debentures effective March 8, 2007. Such amount represents 39.8% of the outstanding shares of Common Stock. Pursuant to the Voting Agreement, Sponsor does not have the power to dispose of the shares of Common Stock it beneficially owns, but exercises sole voting power over such shares with respect to all matters. By virtue of the relationships described in Item 2, the Sammons Trust controls Sponsor via its subsidiaries CISI, Sammons and Herakles; however, Herakles, CISI, Sammons and the Sammons Trust disclaim beneficial ownership of the shares of Common Stock to which Sponsor has beneficial ownership. As of the date hereof, Herakles has direct ownership of 112,068,027 shares of Common Stock which includes shares acquired pursuant to the September 2006 SPA. As the managing member of Sponsor, Herakles controls Sponsor's power to vote the shares of Common Stock Sponsor beneficially owns which amount includes the amounts set forth above. Therefore, Herakles beneficially owns 112,068,027 shares of Common Stock. Herakles' aggregate beneficial ownership of 112,068,027 shares of Common Stock represents 39.8% of the outstanding shares of Common Stock. By virtue of the relationships described in Item 2, the Sammons Trust controls Herakles via its subsidiaries CISI and Sammons and thereby each may be deemed to have indirect beneficial ownership over the shares beneficially owned by Herakles; however, CISI, Sammons and the Sammons Trust disclaim beneficial ownership of the shares of Common Stock to which Herakles has beneficial ownership. As of the date hereof, CISI beneficially owns 123,004,513 shares of Common Stock. CISI is the sole stockholder of Herakles, Otter and Sammons Distribution and may be deemed to share voting and dispositive power with respect to the Common Stock beneficially owned by Herakles, Otter and Sammons Distribution. As described in this Statement, Herakles beneficially owns 112,068,027 shares of Common Stock; Otter directly owns 100 shares of Common Stock; and Sammons Distribution beneficially owns 10,936,386 shares of Common Stock. CISI's aggregate beneficial ownership of 123,004,513 shares of Common Stock represents 43.6% of the outstanding shares of Common Stock. By virtue of the relationship described in Item 2, Sammons and the Sammons Trust may be deemed to have indirect beneficial ownership over the shares beneficially owned by CISI; however Sammons and the Sammons Trust disclaim beneficial ownership of the shares of Common Stock to which CISI has beneficial ownership. As of the date hereof, Sammons beneficially owns 123,004,513 shares of Common Stock. Sammons is the sole stockholder of CISI and may be deemed to share voting and dispositive power with respect to the Common Stock beneficially owned by CISI. As described in this Statement, CISI beneficially owns 123,004,513 shares of Common Stock. Sammons' aggregate beneficial ownership of 123,004,513 shares of Common Stock represents 43.6% of the outstanding shares of Common Stock. By virtue of the relationship described in Item 2, the Sammons Trust may be deemed to have indirect beneficial ownership over the shares beneficially owned by Sammons; however the Sammons Trust disclaims beneficial ownership of the shares of Common Stock to which Sammons has beneficial ownership. As of the date hereof, the Sammons Trust beneficially owns 123,004,513 shares of Common Stock. The Sammons Trust is the sole stockholder of Sammons and may be deemed to share voting and dispositive power with respect to the Common Stock beneficially owned by Sammons. As described in this Statement, Sammons beneficially owns 123,004,513 shares of Common Stock. The Sammons Trust's aggregate beneficial ownership of 123,004,513 shares of Common Stock represents 43.6% of the outstanding shares of Common Stock. As of the date hereof, Opus directly owns 10,936,386 shares of Common Stock pursuant to the payments made on the Construction Loan interest and the principal and interest on the April Note. Opus has shared voting and shared dispositive power over these shares of Common Stock with Sammons VPC, Sammons Distribution, CISI, Sammons and the Sammons Trust. Opus' aggregate ownership of approximately 10,936,386 shares of Common Stock represents 3.9% of the outstanding shares of Common Stock. By virtue of the relationships described in Item 2, Sammons VPC, Sammons Distribution, CISI, Sammons and the Sammons Trust may be deemed to have indirect beneficial ownership of Opus's shares; however, Sammons VPC, Sammons Distribution, CISI, Sammons and the Sammons Trust disclaim beneficial ownership of the shares of Common Stock beneficially owned by Opus. As of the date hereof, Sammons VPC beneficially owns 10,936,386 shares of Common Stock. Sammons VPC is the managing member of Opus and may be deemed to share voting and dispositive power with respect to the Common Stock directly owned by Opus. As described in this Statement, Opus directly owns 10,936,386 shares of Common Stock. Sammons VPC's beneficial ownership of 10,936,386 shares of Common Stock represents 3.9% of the outstanding shares of Common Stock. By virtue of the relationship described in Item 2, CISI, Sammons Distribution, Sammons and the Sammons Trust may be deemed to have indirect beneficial ownership over the shares beneficially owned by Sammons VPC; however each of CISI, Sammons Distribution, Sammons and the Sammons Trust disclaim beneficial ownership of the shares of Common Stock to which CISI has beneficial ownership. As of the date hereof, Sammons Distribution beneficially owns 10,936,386 shares of Common Stock. Sammons Distribution is the sole stockholder of Sammons VPC and may be deemed to share voting and dispositive power with respect to the Common Stock beneficially owned by Sammons VPC. As described in this Statement, Sammons VPC beneficially owns 10,936,386 shares of Common Stock. Sammons Distribution's beneficial ownership of 10,936,386 shares of Common Stock represents 3.9% of the outstanding shares of Common Stock. By virtue of the relationship described in Item 2, CISI, Sammons and the Sammons Trust may be deemed to have indirect beneficial ownership over the shares beneficially owned by Sammons Distribution; however each of CISI, Sammons and the Sammons Trust disclaim beneficial ownership of the shares of Common Stock to which Sammons Distribution has beneficial ownership.\" (b) N/A (c) Item 5(c) of the Schedule 13D is amended and restated in its entirety as follows: \"(c) The transactions described in Items 3 and 4 of the Schedule 13D as amended above are incorporated herein by reference. Except as set forth herein, no open market purchases on the Nasdaq National Market, or any other market or exchange on which the Common Stock is listed or quoted for trading, of Company securities have occurred within the last sixty days by the Reporting Persons.\" (d) N/A (e) N/A Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Item 6 of the Schedule 13D is amended and restated in its entirety as follows: \"The contracts and arrangements set forth in response to Items 3 and 6 of the Schedule 13D as amended above are incorporated herein by reference. On September 15, 2006, the Company entered into a Third Amended and Restated Registration Rights Agreement with certain of its shareholders, including Sponsor and Opus, to include as registrable shares thereunder shares of Common Stock issued and issuable pursuant to the September 2006 SPA and the warrants granted thereunder. On March 8, 2007, the Company entered into a Waiver and Amendment of the Third Amended and Restated Registration Rights Agreement with certain of its shareholders, including Sponsor and Opus, waiving certain of the shareholders registration rights thereunder for a certain period of time in order to allow the Company to obtain additional financing. Other than as described herein, there are no contracts, arrangements or understandings among the Reporting Persons, or between any Reporting Person and any other person, with respect to the securities of the Company.\" Item 7. Material to be Filed as Exhibits. Item 7 of the Schedule 13D is amended and supplemented by adding the following Exhibits: 17. Securities Purchase Agreement, dated as of September 15, 2006, by and among Herakles Investments, Inc., Crestview Capital Master, LLC, Midsummer Investment Ltd., Islandia, LP, Enable Growth Partners LP, Enable Opportunity Partners LP, and Pierce Diversified Strategy Master Fund LLC, Ena, incorporated by reference to Exhibit 10.23 to the Annual Report on Form 10-KSB filed by North American Technologies Group, Inc. with the SEC on December 18, 2006. 18. Third Amended and Restated Registration Rights Agreement, dated as of September 15, 2006 by and among North American Technologies Group, Inc. and the Participating Stockholders, incorporated by reference to Exhibit 10.24 to the Annual Report on Form 10-KSB filed by North American Technologies Group, Inc. with the SEC on December 18, 2006. 19. Conversion Agreement and Amendment dated March 7, 2007 by and among North American Technologies Group, Inc. and the Holders of the 7% Convertible Debentures due July 1, 2008. 20. Waiver and Amendment of Third Amended and Restated Registration Rights Agreement dated March 7, 2007 among North American Technologies Group, Inc. and the Participating Stockholders Page 23 of 24 Pages 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. Sponsor Investments, LLC by Herakles Investments, Inc. Managing Member Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President Herakles Investments, Inc. Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President Astraea Invesment Management, L.P. Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Astraea Investment and Management Services Company Opus 5949, LLC by Sammons VPC, Inc., Managing Member Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Sammons VPC, Inc. Otter, Inc. Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of HErakles Investments, Inc., Attorney-in-Fact for Otter, Inc. Sammons VPC, Inc. Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Sammons Distribution Holdings, Inc. Consolidated Investment Services, Inc. Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of HErakles Investments, Inc., Attorney-in-Fact for Consolidated Investment Services, Inc. Sammons Enterprises, Inc. Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: Chief Executive Officer Charles A. Sammons 1987 Charitable Remainder Trust Number Two Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: Co-Trustee Astraea Invesment and Management Services Company Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Astraea Investment and Management Services Company Bruce Leadbetter Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Bruce Leadbetter Paul Pottinger Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc. and Attorney-in-Fact for Paul Pottinger Christopher Bancroft Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Christopher Bancroft Michael Jordan Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Michael Jordan John M. Pigott Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herkales Investments, Inc., Attorney-in-Fact for John M. Pigott Goh Yong Siang Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Goh Yong Siang Pat Long Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Pat Long David Kellogg Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for David Kellogg Charles Jarvie Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Charles Jarvie David Pasahow Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for David Pasahow Sammons Distribution Holdings, Inc. Date: 04/27/2007 /s/ Robert W. Korba Name: Robert W. Korba Title: President of Herakles Investments, Inc., Attorney-in-Fact for Sammons Distribution Holdings, Inc. The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: Provided, however, That a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. ATTENTION--Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). (Secs. 13(d), 13(g), 14(d), 23, 48 Stat. 894, 895, 901; sec. 8, 49 Stat. 1379; sec. 203(a), 49 Stat. 704; sec. 10, 78 Stat. 88a; Secs. 2, 3, 82 Stat. 454, 455; secs. 1, 2, 3-5, 84 Stat. 1497; sec. 18, 89 Stat. 155; secs. 202, 203, 91 Stat. 1494, 1498, 1499; 15 U.S.C. 78m(d), 78m(g), 78n(d), 78w) [44 FR 2145, Jan. 9, 1979; 44 FR 11751, Mar. 2, 1979; 44 FR 70340, Dec. 6, 1979; 47 FR 11466, Mar. 16, 1982; 61 FR 49959, Sept. 24, 1996; 62 FR 35340, July 1, 1997; 63 FR 2867, Jan. 16, 1998; 63 FR 15287, Mar. 31, 1998] Page 24 of 24 Pages EX-99.19 2 file002.txt CONVERSION AGREEMENT AND AMENDMENT CONVERSION AGREEMENT AND AMENDMENT This Conversion Agreement and Amendment (the \"Agreement\") is made as of march __, 2007, among North American Technologies Group, Inc., a Delaware corporation (the \"Company\"), and the holders of the 7% Convertible Debentures due on July 1, 2008, as amended (the \"Debentures\"), of the Company (each individually a \"Holder\" and collectively the \"Holders\"). Capitalized terms used but not defined herein shall have the meanings given them in the Debenture. 1. Conversion. Each of the Holders hereby elects to convert the entire amount of principal under the Debentures held by it into shares of Common Stock of the Company according to the conditions of the Debentures and this Agreement. The Conversion Date shall be the date on which the Company receives all of the executed Promissory Notes from the respective Payees thereunder and executed counterparts to this Agreement from the Holders of the Debentures, provided, however, that if the Effective Date does not occur by March 30, 2007, this Agreement will terminate and be of no further force or effect. 2. Waiver and Amendment. The requirement of Section 4(c) of the Debentures that a Holder's ownership of the Common Stock not exceed the percentage set forth therein is hereby waived and the Debentures are hereby amended to delete that Section 4(c) in its entirety, and all references thereto in the Debentures. 3. Consideration. In consideration for the conversion by the Holders of the Debentures on the Conversion Date, the Company will pay to the Holders on the Conversion Date the number of shares of Common Stock equal to the quotient of (i) the Interest Share Amount that would be due and owing to the Holders if the Debentures were held through the Maturity Date divided by (ii) the Interest Conversion Rate as of the Conversion Date. The Company will within ten Trading Days of the Conversion Date, cause its transfer agent to deliver the Conversion Shares in accordance with Section 4(d)(ii) of the Debentures. 4. Antidilution Adjustment. If the Company shall, in connection with its proposed financing in the amount of no less than $11.6 million (the \"Financing\"), sell or grant any option to purchase, or otherwise dispose of or issue any Common Stock or Common Stock Equivalents entitling any Person to acquire shares of Common Stock, at an effective price per share less than the Conversion Price, as adjusted on the date of this Agreement such lower price, the \"Base Price\"), then, upon consummation of the Financing, the Company shall issue to the Holders, pro rata, the number of shares of Common Stock equal to the difference between (i) the number of shares of Common Stock received pursuant to this Agreement and (ii) the number of shares of Common Stock to which the Holders would have been entitled if the Conversion Price on the date of this Agreement had been equal to the Base Price. The Company shall notify the Holder in writing, no later than the Business Day following the issuance of any Common Stock or Common Stock Equivalents subject to this provision, indicating therein the applicable Base Price. 5. Prospectus Delivery. Each of the Holders agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with any transfer of the Conversion Shares. 6. Transfer Taxes. If any of the Conversion Shares are to be issued in the name of a person other than the Holder thereof, that Holder will pay all transfer taxes payable with respect thereto and will deliver such certificates and opinions as reasonably requested by the Company in accordance therewith. No fee will be charged to the Holder for any conversion, except for such transfer taxes, if any. NORTH AMERICAN TECHNOLOGIES GROUP, INC. By: ____________________________________ Neal Kaufman, Chief Executive Officer AMOUNT OF DEBENTURES: HOLDERS: $6,141,287.80 Sponsor Investments, LLC By Herakles Investments, Inc., Managing Member By: ________________________ Name: _____________________ Title: ______________________ $1,831,995.10 Crestview Capital Master, LLC By: ________________________ Name: _____________________ Title: ______________________ $349,999.65 Enable Growth, L.P. By: ________________________ Name: _____________________ Title: ______________________ $49,999.95 Enable Opportunity Partners, L.P. By: ________________________ Name: _____________________ Title: ______________________ $594,318.30 Islandia, LP By John Lang, Inc., General Partner By: ________________________ Name: _____________________ Title: ______________________ $1,492,399.20 Midsummer Investment Ltd. By Midsummer Capital, LLC, Investment Manager By: ________________________ Name: _____________________ Title: ______________________ $50,000.00 Scott M. and Cheryl L. Hergott Living Trust By: ___________________________ ____________________________ Names: _________________________ _________________________ Titles: __________________________ $50,000.00 ____________________________ Michael Toibb $940,000.00 Toibb Investment, LLC By Toibb Management LLC, Manager By: ________________________ Name: _____________________ Title: ______________________ EX-99.20 3 file003.txt WAIVER AND AMENDMENT OF THIRD AMENDED RRA WAIVER AND AMENDMENT OF THIRD AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT This Waiver and Amendment of Third Amended and Restated Registration Rights Agreement (the \"Waiver\") is made as of March __, 2007, among North American Technologies Group, Inc., a Delaware corporation (the \"Company\"), and the stockholders listed on the signature page hereto (each individually a \"Stockholder\" and collectively the \"Stockholders\"). RECITALS WHEREAS, the Stockholders or their affiliates have acquired either shares of the Company's common stock, par value $.001 per share (the \"Common Stock\"), or securities convertible into shares of Common Stock (collectively, the \"Shares\"), from the Company; WHEREAS, in order to induce the Stockholders or their affiliates to acquire the Shares, the Company has agreed to provide the Stockholders with certain rights to register the sale of the Shares with the Securities and Exchange Commission (\"SEC\") as provided in that certain Third Amended and Restated Registration Rights Agreement (the \"RRA\") among the Company and the Stockholders capitalized terms used but not defined herein have the meanings ascribed to them in the RRA); and WHEREAS, in order to enable the Company to obtain financing in the amount of at least $11.6 million (the \"Financing\") and to grant to the lender in the Financing a prior right to register the shares of Common Stock or securities convertible into shares of Common Stock received by it in the Financing (the \"Lender Securities\"), the Stockholders have agreed not to exercise certain of their registration rights under the RRA for the period and on the terms and conditions set forth herein; NOW, THEREFORE, in consideration of the promises and the mutual agreements herein contained, the Stockholders and the Company hereby agree as follows: 1. AMENDMENT AND WAIVER. In accordance with the provisions of Section 10(c) of the RRA, each of the Company, the Initiating Holders, and the holders of a majority of the Registrable Securities hereby evidence their agreement and consent to the waiver of their rights under, and the amendment of, the RRA in the following respects: (a) The Stockholders agree not to exercise any of their rights under Section 1 of the RRA for a two year period beginning upon the consummation of the Financing and ending on the second anniversary of such date; provided, however, such period shall terminate in any event no later than October 31, 2009 (the \"Restricted Period\"). (b) Section 2(e) of the RRA shall be amended to provide that, during the Restricted Period, if the Company has previously filed a registration statement with respect to the Lender Securities, and if such registration has not been withdrawn or abandoned, the Company shall not file or cause to be effected any other registration of any of its equity securities or securities convertible or exchangeable into or exercisable for its equity securities under the Securities Act (except on Form S 8 or any successor form), whether on its own behalf or at the request of any holder or holders of such securities, until a period of at least 90 days has elapsed from the effective date of such previous registration; and (c) Section 8 of the RRA shall be amended to provide that, during the Restricted Period, no Holder shall effect any public sale, public distribution (including sales pursuant to Rule 144 under the Securities Act), or public offering of any Holder's shares or of any other capital stock or equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such stock or securities, during the seven days before and the 180-day period or other period designated by the underwriter after the effective date of an underwritten public offering or a secondary offering of the Lender Securities (except as part of any such registration), unless the underwriters managing such registration agree otherwise in writing; 2. LIMITATIONS. The waiver agreed to herein is strictly limited to the matters specified in Section 1 hereof and shall not extend nor be deemed to extend to any other grant of rights or the entry into and performance of any other agreement prohibited by the RRA, and shall not impair, restrict or limit any right or remedy of the Stockholders under the RRA. 3. EFFECTIVENESS. Except as specifically amended herein, the terms, provisions and conditions of the RRA shall remain in full force and effect. This Waiver shall be effective from and after the date the Financing is consummated and shall be enforceable against the signatories hereto (presuming the consummation of the Financing) upon execution and delivery hereof by the parties required for the effective amendment of the RRA pursuant to Section 10(c) of the RRA. 4. COUNTERPARTS. This Waiver may be executed in any number of counterparts, each of which shall be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Waiver by facsimile shall have the same force and effect as the delivery of an original executed counterpart of this Waiver. 5. SUCCESSORS AND ASSIGNS. All covenants and agreements in this Waiver by or on behalf of any of the parties hereto shall bind and inure to the benefit of their respective successors and assigns. 6. GOVERNING LAW. The corporate law of the State of Delaware shall govern all issues and questions concerning the relative rights and obligations of the Company and the Stockholders. All other issues and questions concerning the construction, validity, interpretation and enforcement of this Waiver shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. [Signatures appear on the following page] IN WITNESS WHEREOF, the parties have executed this Waiver and Amendment to Third Amended and Restated Registration Rights Agreement as of the date first written above. NORTH AMERICAN TECHNOLOGIES GROUP, INC. By: _______________________________ Neal Kaufman, Chief Executive Officer CRESTVIEW CAPITAL MASTER, LLC By: ________________________________ Name: ______________________________ Title: _______________________________ MIDSUMMER INVESTMENT, LTD. By Midsummer Capital, LLC, Investment Manager By: ________________________________ Name: ______________________________ Title: _______________________________ SPONSOR INVESTMENTS, LLC By Herakles Investments, Inc., Managing Member By: _____________________________________ Name: ___________________________________ Title: ____________________________________ OPUS 5949 LLC By Sammons VPC, Inc., Managing Member By: ________________________________ Name: ______________________________ Title: _______________________________ TOIBB INVESTMENT LLC By Toibb Management LLC, Manager By: ________________________________ Name: ______________________________ Title: __ _____________________________ MICHAEL TOIBB, Individually _______________________________ SCOTT M. AND CHERYL L. HERGOTT LIVING TRUST By:_________________________________ _________________________________ Names: ______________________________ _______________________________ Titles: _______________________________ ASTRAEA INVESTMENT MANAGEMENT, L.P. By:_________________________________ Name: ______________________________ Title: _______________________________ BIG BEND XI INVESTMENTS, LTD. By:_________________________________ Name: ______________________________ Title: _______________________________ HLT FFT, LLC By Toibb Management LLC, Manager By:_________________________________ Name: ______________________________ Title: _______________________________ HERAKLES INVESTMENTS, INC. By:_________________________________ Name: ______________________________ Title: _______________________________ ISLANDIA, LP By John Lang, Inc., General Partner By:_________________________________ Name: ______________________________ Title: _______________________________ RICHARD KIPHART, Individually ____________________________________ ENABLE GROWTH PARTNERS, LP By:_________________________________ Name: ______________________________ Title: _______________________________ ENABLE OPPORTUNITY PARTNERS, LP By:_________________________________ Name: ______________________________ Title: _______________________________ PIERCE DIVERSIFIED STRATEGY MASTER FUND LLC, ENA By:_________________________________ Name: ______________________________ Title: _______________________________ CHRISTOPHER BANCROFT, Individually _________________________________ CHARLES JARVIE, Individually _________________________________ MICHAEL JORDAN, Individually _________________________________ DAVID KELLOGG, Individually _________________________________ PAT LONG, Individually _________________________________ DAVID PASAHOW, Individually _________________________________ JOHN M. PIGOTT, Individually _________________________________ PAUL POTTINGER, Individually _________________________________ GOH YONG SIANG, Individually _________________________________ -----END PRIVACY-ENHANCED MESSAGE-----