X0202 4 2005-08-09 1 0000071478 LIPID SCIENCES INC/ LIPD 0001162838 KAI INTERNATIONAL LLC P.O. BOX 7031 PORT VILA 2L VANUATU 0 0 1 0 0001162532 CHAM BILL E P.O. BOX 7031 PORT VILA 2L 0000 VANUATU 0 0 1 0 0001344988 Chase Tania R P.O. BOX 7031 PORT VILA 2L 0000 VANUATU 0 0 1 0 Common Stock 2005-08-09 4 S 0 50000 4.2649 D 4705013 D Common Stock 2005-08-10 4 S 0 200000 4.2355 D 4505013 D Common Stock 2005-11-22 4 G 0 3180000 0 D 1325013 D Bill E. Cham and Tania R. Chase are the sole members of KAI International, LLC, the entity who owns the reported securities. Bill E. Cham disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Tania R. Chase is the sole managing member of KAI International, LLC. Effective as of November 22, 2005, KAI International, LLC and Tania R. Chase ceased to be reporting persons. Bill E. Cham resigned as managing member of KAI International, LLC on April 14, 2005 and as of such date he ceased to be a reporting person. Following the disposition of 3,180,000 shares on November 22, 2005, neither KAI International, LLC, Tania R. Chase nor Bill E. Cham are ten percent owners of common stock in Lipid Science, Inc. As such, this Form 4 is being filed to reflect that as of the date of this filing neither KAI International, LLC, Tania R. Chase nor Bill E. Cham are subject to Section 16 reporting requirements. /s/ Tania R. Chase, Managing Member, KAI International, LLC 2005-11-23 /s/ Tania R. Chase 2005-11-23 /s/ Bill E. Cham 2005-11-23