SC 13D 1 bnp_13d.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) -------------------------------------------------------------------------------- TeleSpectrum Worldwide Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 87951U109 -------------------------------------------------------------------------------- (CUSP Number) BNP Paribas 787 Seventh Avenue New York, NY 10019 (212) 841-2000 Attn: Amy Kirschner -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 30, 2002 -------------------------------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 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. ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 2 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): BNP Paribas (f/k/a Banque Nationale de Paris) -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 100,184,962 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 0 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 100,184,962 ------------------------------------ 10 SHARED DISPOSITIVE POWER 0 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,184,962+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.9% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* BK -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock or exercise of the BNP Warrants, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 2 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 3 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): PPM America, Inc. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 92,465,056 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 92,465,056 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 92,465,056+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.9% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 3 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 4 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Wells Fargo Bank, N.A. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 30,596,930 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 30,596,930 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,596,930+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* BK -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 4 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 5 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): First Source Loan Obligations Trust -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 52,839,524 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 52,839,524 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,839,524+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.8% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 5 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 6 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): First Dominion Funding III -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 57,888,306 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 57,888,306 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,888,306+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 6 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 7 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Fleet National Bank -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 79,251,064 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 79,251,064 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 79,251,064+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* BK -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 7 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 8 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Van Kampen Prime Rate Trust -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 55,331,024 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 55,331,024 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,331,024+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 8 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 9 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Van Kampen Senior Floating Rate Trust -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 55,331,024 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 55,331,024 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,331,024+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 9 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 10 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Van Kampen Senior Income Trust -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 55,331,024 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 55,331,024 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,331,024+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 10 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 11 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Archimedes Funding, L.L.C. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 28,944,153 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 28,944,153 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,944,153+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.7% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 11 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 12 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Archimedes Funding II, LTD -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 21,272,308 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 21,272,308 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,272,308+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.7% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 12 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 13 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): Endurance CLO I, LTD -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 17,366,492 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 17,366,492 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,366,492+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 13 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 14 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): KZH ING-2 LLC -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 28,944,153 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 28,944,153 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,944,153+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.7% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 14 of 44 ------------------------- ------------------------- CUSIP NO. 87951U109 13D Page 15 of 44 Pages ------------------------- ------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): KZH ING-3 LLC -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH REPORT- 11,577,661 ING PERSON ------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 0 ------------------------------------ 10 SHARED DISPOSITIVE POWER 11,577,661 ------------------------------------ -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,577,661+ -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]++ -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! + The aggregate amount in Rows 7 - 11 include shares of Common Stock currently outstanding and shares of Common Stock issuable upon conversion of shares of Series B Preferred Stock, as described in the text below. ++ The aggregate amount in Row 11 excludes shares that the Reporting Person may be deemed to own beneficially as a member of a group including the other Group Members but as to which it disclaims beneficial ownership in Item 5(a) of the text below. Page 15 of 44 Item 1. Security and Issuer. The class of equity securities to which this statement relates is the common stock, par value $0.01 per share (the "Common Stock"), of TeleSpectrum Worldwide Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 443 South Gulph Road, King of Prussia, Pennsylvania 19406. Item 2. Identity and Background. This Schedule 13D is being filed jointly on behalf of the following persons (collectively, the "Reporting Persons"): 1. BNP Paribas (f/k/a Banque Nationale de Paris), a Societe Anonyme, or limited liability banking corporation, organized under the laws of the Republic of France ("BNP Paribas"); 2. PPM America, Inc., a Delaware corporation ("PPM America"). Endeavour, LLC, a Delaware limited liability company ("Endeavour"), is the registered owner of the securities covered by the report of PPM America. PPM America serves as portfolio manager for Endeavour pursuant to a portfolio management agreement. PPM America takes the position that PPM America is the beneficial owner of such securities for purposes of reporting under Rule 13D due to the fact that Endeavour has delegated all of its power to vote and to acquire and dispose of securities to PPM America pursuant to the portfolio management agreement; 3. Wells Fargo Bank, N.A., a United States national bank ("Wells Fargo"); 4. First Source Loan Obligations Trust, a Delaware business trust ("First Source"); 5. First Dominion Funding III, a Cayman Islands limited liability company ("First Dominion"); 6. Fleet National Bank, a federally chartered national banking association ("Fleet"); 7. Van Kampen Prime Rate Income Trust, a Massachusetts business trust ("VKM Prime Rate"); 8. Van Kampen Senior Floating Rate Trust, a Massachusetts business trust ("VKM Floating Rate"); 9. Van Kampen Senior Income Trust, a Massachusetts business trust ("VKM Senior Income"); 10. Archimedes Funding, L.L.C., a Delaware limited liability company ("Archimedes"); 11. Archimedes Funding II, LTD, a Cayman Islands limited liability company ("Archimedes II"); 12. Endurance CLO I, LTD, a Cayman Islands limited liability company ("Endurance"); 13. KZH ING-2 LLC, a Delaware limited liability company ("KZH 2"); and 14. KZH ING-3 LLC, a Delaware limited liability company ("KZH 3"). Schedule A to this statement, which is incorporated herein by reference, describes, with respect to each Reporting Person, (a) the directors and executive officers of such Reporting Person, if any, (b) the persons that may be deemed to control such Reporting Person (such Reporting Person's "Controlling Persons") and (c) the directors and officers, if any, of such Controlling Persons, as required by Instruction C to Schedule 13D. The Controlling Persons of each Reporting Person may be deemed to own beneficially the shares of Common Stock held of record by such Reporting Person and to share the power to vote and dispose of such shares. As a result of the execution of the Stockholders Agreement (as defined in Item 6) by the Reporting Persons, the Reporting Persons and their respective Page 16 of 44 Controlling Persons may be deemed to be members of a "group" within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934 (the "Exchange Act"). The Reporting Persons and their respective Controlling Persons may also be deemed to be members of a group with TBH-I, L.P. ("TBH"), who also executed the Stockholders Agreement. BNP Paribas, Endeavour, Fleet, VKM Prime Rate, VKM Floating Rate, VKM Senior Income, TBH, Wells Fargo, First Source, Endurance, KZH 2, KZH 3, Archimedes, Archimedes II and First Dominion are referred to herein as the "Lenders." The Reporting Persons, their respective Controlling Persons and TBH are referred to herein individually as a "Group Member" and collectively as the "Group Members." TBH has elected not to file this statement jointly with the Reporting Persons. During the last five years, none of the Reporting Persons, nor, to the best of their knowledge, any of the other persons listed on Schedule A, (a) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws Item 3. Source and Amount of Funds or Other Consideration. On April 30, 2002 (the "Closing Date"), the Issuer's indebtedness (the "Existing Indebtedness") under that certain Amended and Restated Credit Agreement dated as of April 16, 2001 among the Issuer, the Lenders and BNP Paribas, as administrative agent (as amended, the "Existing Credit Agreement"), which totaled approximately $160,913,586, was restructured and converted into new loans and capital stock of the Issuer pursuant to a Second Amended and Restated Credit Agreement dated as of April 29, 2002 (the "New Credit Agreement") among the Issuer, the Lenders and BNP Paribas, as administrative agent, and a Preferred Stock Issuance and Restructuring Agreement dated as of April 29, 2002 (the "Restructuring Agreement") among the Issuer, the Lenders and BNP Paribas, as administrative agent. Pursuant to the New Credit Agreement, Existing Indebtedness in the sum of $25,000,000 was converted into $25,000,000 in aggregate principal amount of new term loans (the "Term Loans") under the New Credit Agreement. Pursuant to the Restructuring Agreement, the Issuer issued to the Lenders a total of 40,000 shares of its Series A preferred stock, par value $0.01 per share (the "Series A Preferred Stock"), in consideration for and in satisfaction of Existing Indebtedness in the sum of $40,000,000. Pursuant to the Restructuring Agreement, the Issuer also issued to the Lenders a total of 90,000 shares of its Series B convertible preferred stock, par value $0.01 per share (the "Series B Preferred Stock"), in consideration for and in satisfaction of Existing Indebtedness in an amount equal to all Existing Indebtedness outstanding on the Closing Date (before giving effect to the transactions contemplated by the Restructuring Agreement and the New Credit Agreement) in excess of $65,000,000. According to the terms of the Certificate of Designations of Series B Convertible Preferred Stock of the Issuer filed with the Secretary of State of Delaware on April 26, 2002 (the "Series B Certificate of Designations"), each share of Series B Preferred Stock is convertible into 8,222.770733 shares of Common Stock. On the Closing Date, 18,903 shares of Series B Preferred Stock automatically converted into 155,435,035 shares of Common Stock pursuant to the Series B Certificate of Designation, which was approximately the maximum number of shares of Common Stock available for issuance under the Issuer's Certificate of Incorporation on the Closing Date. Pursuant to the Restructuring Agreement, the Issuer must use commercially reasonable efforts to obtain its stockholders' approval of an amendment to its Certificate of Incorporation providing for an increase in the authorized number of shares of Common Stock from 200,000,000 to 900,000,000 (the "Charter Amendment"). As part of such efforts, the Issuer must include a request for approval of the Charter Amendment in its proxy materials for its 2002 annual stockholders meeting to be held as soon as reasonably possible, but in any event within 120 days of the Closing Date. Because the Lenders own a majority of the outstanding shares of Common Stock and all of the Series B Preferred Stock, the Charter Amendment is expected to be approved at such stockholders meeting. Immediately following the approval of the Charter Amendment by a majority of the Issuer's stockholders entitled to vote thereon and its filing with the Secretary of State of Delaware, the remaining 71,097 shares of Series B Preferred Stock will automatically convert into 584,614,328 shares of Common Stock (the "Additional Shares") without any action on the part of the Issuer or the Lenders. Although it is unclear whether or not the Charter Amendment will be approved within 60 days of the Closing Date (and accordingly whether the Group Members are deemed to own beneficially the Additional Shares Page 17 of 44 as of the Closing Date), this Schedule 13D has been prepared assuming that the Charter Amendment will be so approved. Schedule B to this statement, which is incorporated herein by reference, sets forth certain information regarding the Group Members' interests in the Common Stock assuming that the Charter Amendment is not so approved and the Group Members are not deemed to own beneficially the Additional Shares as of the Closing Date. In addition, each holder of shares of Series B Preferred Stock is entitled to vote in the same manner and with the same effect as the holders of the Common Stock on all matters to be voted on by the holders of the Common Stock. Except as otherwise expressly provided in the Series B Certificate of Designations or as otherwise required by law, each holder of shares of Series B Preferred Stock is entitled to the number of votes equal to the largest number of full shares of Common Stock into which the shares of Series B Preferred Stock of such holder could be converted (assuming the Charter Amendment was effective) at the record date for the determination of the stockholders entitled to vote on such matters or, if no such record date is established, at the date such vote is taken. Copies of the Restructuring Agreement and the Series B Certificate of Designations are filed as exhibits hereto and are incorporated herein by reference. The foregoing summary of the Restructuring Agreement and the Series B Certificate of Designations is qualified in its entirety by reference to such exhibits. In addition to the shares of Series A Preferred Stock and Series B Preferred Stock BNP Paribas received pursuant to the Restructuring Agreement and the shares of Common Stock it received upon the conversion of a portion of its shares of Series B Preferred Stock on the Closing Date, BNP Paribas also owns 86,920 shares of Common Stock (the "Pre-Restructuring Shares") and warrants to acquire 26,922 shares of Common Stock (the "BNP Warrants"). The Pre-Restructuring Shares and BNP Warrants were issued to BNP Paribas in connection with the merger of International Data Response Corporation ("IDRC") with and into the Issuer on June 30, 1999 and were issued in exchange for shares of IDRC capital stock and warrants to acquire shares of IRDC capital stock then held by BNP Paribas. BNP Paribas acquired such initial IDRC shares and warrants prior to such merger as an investment. Item 4. Purpose of Transaction. The Lenders acquired the Common Stock, Series A Preferred Stock, Series B Preferred Stock and Term Loans for the purpose of restructuring the Issuer's Existing Indebtedness. As described in Item 3 above and Item 6 below, the Lenders plan to vote their shares of Common Stock and Series B Preferred Stock in favor of the Charter Amendment. The 71,097 shares of Series B Preferred Stock held by the Lenders will automatically convert into 584,614,328 shares of Common Stock immediately following the approval of the Charter Amendment by a majority of the Issuer's stockholders entitled to vote thereon and its filing with the Secretary of State of Delaware. The Lenders may acquire additional shares of Series A Preferred Stock as stock dividends on the Series A Preferred Stock. Pursuant to the Certificate of Designations of Series A Preferred Stock filed with the Secretary of State of Delaware on April 26, 2002 (the "Series A Certificate of Designations"), the holders of Series A Preferred Stock are entitled to receive cumulative dividends on each share of Series A Preferred Stock at a rate of 10% per annum of such share's liquidation preference (unless the Issuer has failed to redeem the Series A Preferred Stock as required by the Series A Certificate of Designations, in which case dividends will be at a rate of 12% per annum). The "liquidation preference" of each share of Series A Preferred Stock is equal to the sum of (A) $1,000 plus (B) an amount equal to all accrued but unpaid dividends payable with respect to such share, as adjusted for any stock dividends, combinations or splits or similar events with respect to such share. Dividends on the Series A Preferred Stock are payable in kind in shares of Series A Preferred Stock valued at the $1,000 per share or in cash out of the assets of the Issuer which are, by law, available for such payment, at the option of the Issuer if and to the extent permitted under the New Credit Agreement. A copy of the Series A Certificate of Designations is filed as an exhibit hereto and is incorporated herein by reference. The foregoing summary of the Series A Certificate of Designations is qualified in its entirety by reference to such exhibit. As described in Item 6 below, the Lenders plan to vote all of their shares of Common Stock and Series B Preferred Stock to provide that the Issuer's board of directors (the "Board") at all times consists of not less than five Page 18 of 44 directors, a majority of which shall be nominated by the Lenders, one of which shall be the Issuer's chief executive officer, and one of which shall be nominated by the Issuer's chief executive officer, president, chief financial officer and executive vice presidents. The Reporting Persons intend to review their holdings in the Issuer on a continuing basis and, depending upon the price and availability of the Issuer's securities, subsequent developments affecting the Issuer, the business prospects of the Issuer, general stock market and economic conditions, tax considerations and other factors deemed relevant, may consider increasing or decreasing their investment in the Issuer. As part of this ongoing review, the Reporting Persons have engaged and/or may in the future engage, legal and financial advisors to assist them in such review and in evaluating strategic alternatives that are or may become available with respect to their holdings in the Issuer. In addition, the Reporting Persons are considering and may continue to consider certain changes in the Issuer's capitalization, including, without limitation, causing a reverse split to reduce the number of outstanding shares of Common Stock, causing the Common Stock to cease to be authorized to be quoted on the over-the-counter bulletin board and terminating the registration of the Common Stock pursuant to Section 12(g)(4) of the Exchange Act. However, the Reporting Persons may determine not to pursue any such actions. Except as set forth elsewhere in this statement, none of the Reporting Persons has made any proposals or entered into any agreements that would be related to or would result in any of the matters described in Items 4(a)-(j) of Schedule 13D. However, as part of their ongoing review of investment alternatives, the Reporting Persons may consider such matters in the future and, subject to applicable laws, may formulate a plan with respect to such matters. Item 5. Interest in Securities of the Issuer. The percentages of outstanding Common Stock of the Issuer reported in this Item 5 are based on the assumption that there are 773,797,588 shares of Common Stock outstanding, which reflects (i) 40,667,884 shares outstanding immediately before the Closing Date, as represented by the Issuer to the Lenders in the Restructuring Agreement, less (ii) 6,946,583 shares to be contributed to the Issuer promptly after Closing Date by CRW Financial, Inc., a wholly owned subsidiary of the Issuer, plus (iii) 155,435,035 shares issued to the Lenders on the Closing Date, plus (iv) 584,614,328 shares to be issued upon conversion of the remaining Series B Preferred Stock, plus (v) 26,922 shares issuable upon the exercise of the BNP Warrants. (a) Aggregate amount beneficially owned and percent of class. The following table sets forth the number of shares of Common Stock owned by the Group Members, including the Reporting Persons, on the Closing Date, the number of shares of remaining Series B Preferred Stock owned by the Group Members, including the Reporting Persons, on the Closing Date and the number of shares into which such remaining Series B Preferred Stock is convertible. The Group Members share or may be deemed to share voting and dispositive power with respect to those shares of Common Stock beneficially owned by each such Group Member as reflected on the following table. Except as set forth in this Item 5(a), no other persons required to be identified in this statement who are not Reporting Persons are deemed to hold sole or shared voting or dispositive power with respect to any Common Stock or Series B Preferred Stock of the Issuer. Page 19 of 44
---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- Group Member* Shares of Shares of Shares of Shares of Percentage of Common Stock Remaining Common Stock Common Stock Common Stock Owned of Record Series B Issuable upon that May Be that May Be Preferred Conversion of Deemed Deemed Stock Owned Remaining Beneficially Beneficially of Record Series B Owned Owned Preferred Stock ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 1. BNP Paribas 21,104,322 9,614 79,053,718 100,184,962** 12.9% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 2. A. Endeavour*** 19,422,184 8,883 73,042,872 0 0% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. PPM America 0 0 0 92,465,056 11.9% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- C. PPM Holdings 0 0 0 92,465,056 11.9% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 3. A. Wells Fargo 6,430,207 2,939 24,166,723 30,596,930 4.0% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. WFC Holdings 0 0 0 30,596,930 4.0% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- C. First Security 0 0 0 30,596,930 4.0% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- D. Wells Fargo & Company 0 0 0 30,596,930 4.0% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 4. A. First Source 11,100,740 5,076 41,738,784 52,839,524 6.8% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. F.S. Warrant 0 0 0 52,839,524 6.8% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- C. First Source Holdings 0 0 0 52,839,524 6.8% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- D. Dominion Capital 0 0 0 52,839,524 6.8% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- E. Dominion Resources 0 0 0 52,839,524 6.8% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 5. A. First Dominion 12,161,478 5,561 45,726,828 57,888,306 7.5% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. CSAM 0 0 0 57,888,306 7.5% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 6. A. Fleet 16,642,888 7,614 62,608,176 79,251,064 10.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. FleetBoston 0 0 0 79,251,064 10.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 7. VKM Prime Rate 11,618,775 5,316 43,712,249 55,331,024 7.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 8. VKM Floating Rate 11,618,775 5,316 43,712,249 55,331,024 7.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 9. A. VKM Senior Income 11,618,775 5,316 43,712,249 55,331,024 7.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. VKM Advisory 0 0 0 165,993,072 21.6% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 10. Archimedes 6,076,628 2,781 22,867,525 28,944,153 3.7% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 11. Archimedes II 4,464,965 2,044 16,807,343 21,272,308 2.7% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 12. A. Endurance 3,650,910 1,668 13,715,582 17,366,492 2.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. ING Capital Advisors 0 0 0 67,582,953 8.6% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- C. ING Furman Selz 0 0 0 67,582,953 8.6% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- D. ING Financial 0 0 0 67,582,953 8.6% Holdings ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 13. KZH 2 6,076,628 2,781 22,867,525 28,944,153 3.7% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 14. A. KZH 3 2,433,940 1,112 9,143,721 11,577,661 1.5% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- B. Moat Funding LLC 0 0 0 40,521,814 5.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- C. Moat Funding Corp. 0 0 0 40,521,814 5.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- D. Moat Funding Trust 0 0 0 40,521,814 5.2% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- E. JH Holdings 0 0 0 40,521,814 5.2% Corporation ---------- ---------------------- ---------------- ------------- ----------------- ----------------- -----------------
-------- * Information with respect to the Controlling Persons and TBH is given to the best knowledge of the Reporting Persons. ** Includes 26,922 shares issuable upon the exercise of the BNP Warrants. *** Endeavour is the record owner of these securities but has delegated the power to vote and to acquire and dispose of such securities to PPM America. Page 20 of 44
---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- Group Member* Shares of Shares of Shares of Shares of Percentage of Common Stock Remaining Common Stock Common Stock Common Stock Owned of Record Series B Issuable upon that May Be that May Be Preferred Conversion of Deemed Deemed Stock Owned Remaining Beneficially Beneficially of Record Series B Owned Owned Preferred Stock ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- Corporation ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- 15. TBH 11,100,740 5,076 41,738,784 52,839,524 6.8% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- ----------------- Total**** 155,521,955 71,097 584,614,328 740,163,205 95.5% ---------- ---------------------- ---------------- ------------- ----------------- ----------------- -----------------
The Group Members may be deemed to be part of a "group" for purposes of Regulation 13D-G promulgated under the Exchange Act, by virtue of the Stockholders Agreement described in Item 6. The Stockholders Agreement includes agreements with respect to voting and disposing of securities of the Issuer, including certain drag along and tag along rights. To that extent, each of the Group Members may be deemed under Rule 13d-5(b) to have beneficial ownership, for purposes of Section 13(g) and 13(d) of the Exchange Act, of all of the equity securities of the Issuer beneficially owned by the other Group Members (as reflected above). Each of the Reporting Persons, however, disclaims such group membership and any beneficial ownership of shares held by the other Group Members. The filing of this Statement shall not be construed as an admission, for the purposes of Sections 13(g) and 13(d) and Regulation 13D-G of the Exchange Act nor for any other purpose or under any other provision of the Exchange Act, the rules promulgated thereunder or any other law, that any of the other Reporting Persons is the beneficial owner of any securities owned of record or beneficially by any other Group Members. Except to the extent that the Controlling Persons of each Reporting Person may be deemed to own beneficially the shares of Common Stock owned of record by such Reporting Person, the Reporting Persons understand, based on ownership filings with the Securities and Exchange Commission or upon information provided by the other persons listed in Schedule A, that such persons may be deemed not to own beneficially any Common Stock. As stated in Item 3, this statement has been prepared assuming that the Charter Amendment will be approved within 60 days after the Closing Date and the Group Members may therefore be deemed to own beneficially the Additional Shares as of the Closing Date. Schedule B to this statement, which is incorporated herein by reference, sets forth certain information regarding the Group Members' interests in the Common Stock assuming that the Charter Amendment is not so approved and the Group Members are not deemed to own beneficially the Additional Shares as of the Closing Date. (b) Number of shares of Common Stock as to which Reporting Persons hold or share voting/dispositive power. Reference is made to Items 7-12 of the cover pages of this statement for each Reporting Person. To the best knowledge of the Reporting Persons, except as set forth in Item 5(a), no other person required to be identified in this statement who is not a Reporting Person is deemed to hold sole or shared voting or dispositive power with respect to securities of the Issuer, or the right to acquire shares of Common Stock of the Issuer. (c) Transactions in the previous 60 days. Except as set forth in this statement, none of the Reporting Persons or, to the best knowledge of such persons, the other persons required to be identified in this statement who are not Reporting Persons, has effected any transaction in the Common Stock or the Series B Preferred Stock of the Issuer during the past 60 days. -------- **** Totals are not duplicative of shares beneficially owned by more than one person. Page 21 of 44 (d) Any other person known to have the right to receive or the power to direct dividends or sale proceeds. No person other than the applicable Reporting Person and such Reporting Person's Controlling Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported as being beneficially owned (or deemed so owned) by such Reporting Persons. (e) Date on which the Reporting Persons ceased to be a beneficial owner of more than five percent of the class of securities. Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Pursuant to the Restructuring Agreement, the Lenders have agreed to vote all shares of Common Stock and Series B Preferred Stock held by them in favor of the Charter Amendment. The Issuer, the Lenders, J. Peter Pierce, as management agent and a Management Stockholder (as defined below), and BNP Paribas, as administrative agent, are also parties to a stockholders agreement (the "Stockholders Agreement") dated as of April 29, 2002, which contains several agreements with respect to the voting of the Issuer's capital stock. First, the Lenders have agreed to vote all of their shares of Common Stock and Series B Preferred Stock to provide that the Board at all times consists of not less than five directors, a majority of which shall be nominated by the Lenders, one of which shall be the Issuer's chief executive officer, and one of which shall be nominated by the Issuer's chief executive officer, president, chief financial officer and executive vice presidents. In connection therewith, each Lender has appointed BNP Paribas, as administrative agent, its attorney and proxy to attend meetings, vote, give and execute consents and in all other ways act in its place with respect to its shares of Common Stock and Series B Preferred Stock with respect to the election of directors and certain other matters. In addition, the Lenders have agreed to vote all of their shares of Common Stock and Series B Preferred Stock to approve the Charter Amendment and the Telespectrum Worldwide Inc. 2002 Stock Incentive Plan. The Stockholders Agreement also contains restrictions on the transfer of shares of the Issuer's capital stock owned by the Lenders and the employees of the Issuer who become a party to the Stockholders Agreement upon receipt of any options to acquire shares of Common Stock (the "Management Stockholders"). Until all obligations under the New Credit Agreement are repaid, if a Lender desires to transfer any of its shares of Series A Preferred Stock, Series B Preferred Stock or Common Stock (other than to an affiliate), it must also transfer the percentage interest in all other classes of the Issuer's stock held by such Lender and its affiliates as well as the percentage interest in the Term Loans held by such Lender and its affiliates under the New Credit Agreement to the same transferee. As used in the foregoing sentence, "percentage interest" means the number of shares of the class of stock proposed to be transferred divided by the aggregate number of shares of such class of stock held by the Lender and its affiliates. In addition, except for transfers to affiliates, transfers in a public offering and transfers pursuant to Rule 144, a Lender (a "Seller") may not transfer any of its shares of Common Stock without either (1) an agreement from the transferee (the "Buyer") that it will purchase all shares of Common Stock and/or vested options for Common Stock ("Vested Options") held by all other stockholders who are a party to the Stockholders Agreement and desire to sell or (2) offering the other Lenders the right to sell their pro rata portion of the shares of Common Stock to be transferred, provided that if the Seller proposes to sell at least 50.1% of the Common Stock then held by all Lenders, such offer must also be made to the Management Stockholders. As used in the foregoing sentence, "pro rata portion" means, for each person other than the Seller, a fraction, the numerator of which is the number of shares of Common Stock and Vested Options held by such person immediately prior to the proposed transfer and the denominator of which is the total number of shares of Common Stock and Vested Options outstanding immediately prior to the proposed transfer. Until all obligations under the New Credit Agreement are repaid, the Buyer must agree to purchase from the Seller and each other Lender that is selling, the Seller's and such other Lender's percentage interest (as defined above) in its Series A Preferred Stock, Series B Preferred Stock and Term Loans under the New Credit Agreement. In the case of a transfer where the Seller has an agreement described in clause (1) of the first sentence of this paragraph and Lenders (including the Seller) and Management Stockholders holding, in the aggregate, at least 50.1% of the Common Stock and Vested Options then outstanding elect to sell their shares of Common Stock and Vested Options to the Buyer, the Buyer and the Seller may Page 22 of 44 force each Lender and Management Stockholder that declined to sell all of its shares of Common Stock and Vested Options to sell such shares and Vested Options to the Buyer. Except for transferees in a public offering or a transfer pursuant to Rule 144, any transferee of a Lender or Management Stockholder shall, unless the Stockholders Agreement provides otherwise, hold the transferred shares of Common Stock and Vested Options subject to all of the provisions of the Stockholders Agreement. The Stockholders Agreement also provides certain registration rights to the Lenders. For instance, after one year from the date of the Stockholders Agreement, any Lender or Lenders holding Common Stock representing not less than 10% of the aggregate Registrable Securities may demand registration under the Securities Act of 1933, as amended (the "Securities Act"), of all or part of its or their Registrable Securities, subject to certain limitations. As used herein, "Registrable Securities" means Common Stock and any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization. In addition, if the Issuer at any time proposes to register equity securities under the Securities Act (other than on Form S-4 or S-8 or any successor form), whether or not for sale for its own account, in a manner that would permit registration of Registrable Securities for sale to the public, each holder of Registrable Securities may elect to cause the Issuer to use its reasonable best efforts to effect the registration of such holder's Registrable Securities, subject to certain limitations. The voting agreements described above will terminate with respect to any share of Common Stock at such time as such share is transferred in a public offering or pursuant to Rule 144, and shall terminate with respect to all Common Stock and Series B Preferred Stock at such time as the shares of Common Stock and Series B Preferred Stock subject to such voting agreement constitute less than 50% of the outstanding shares of capital stock entitled to vote on all matters to be voted on by holders of Common Stock. The restrictions on transfer described above shall terminate as to any share of Common Stock at such time as such share is transferred in a public offering or pursuant to Rule 144, and as to all shares of Common Stock, Series A Preferred Stock, Series B Preferred Stock and all options for Common Stock at such time as the shares of Common Stock and Series B Preferred Stock held by the Lenders and Management Stockholders constitute less than 50% of the outstanding shares of capital stock entitled to vote on all matters to be voted on by holders of Common Stock. The registration rights described above shall terminate at such time as there shall be no Registrable Securities outstanding. In addition to the foregoing, the Stockholders Agreement shall terminate upon a sale of all the outstanding shares of Common Stock held by the Lenders and Management Stockholders. A copy of the Stockholders Agreement is filed as an exhibit hereto and is incorporated herein by reference. The foregoing summary of the Stockholders Agreement is qualified in its entirety by reference to such exhibit. Except for the Restructuring Agreement and the Stockholders Agreement, to the best knowledge of each Reporting Person, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the persons enumerated in Item 2, and any other person, with respect to any securities of the Issuer, including any securities pledged or otherwise subject to a contingency the occurrence of which would give another person voting power or investment power over such securities other than standard default and similar provisions contained in loan agreements. Item 7. Material to be Filed as Exhibits. Exhibit 1: Stockholders Agreement dated as of April 29, 2002 among TeleSpectrum Worldwide Inc., the stockholders of TeleSpectrum Worldwide Inc. that appear on the signature pages thereof, J. Peter Pierce, as management agent, and BNP Paribas, as administrative agent (including the joint filing agreement set forth in Section 3.7 thereof). (Filed as Exhibit 10.04 to the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2001.) Exhibit 2: Certificate of Designations of Series A Preferred Stock of TeleSpectrum Worldwide Inc. (Filed as Exhibit 3.02 to the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2001.) Page 23 of 44 Exhibit 3: Certificate of Designations of Series B Preferred Stock of TeleSpectrum Worldwide Inc. (Filed as Exhibit 3.03 on the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2001.) Exhibit 4: Preferred Stock Issuance and Restructuring Agreement dated as of April 29, 2002 among the TeleSpectrum Worldwide Inc., the Lenders listed on the signature pages thereto and BNP Paribas, as administrative agent. (Filed as Exhibit 10.03 to the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2001.) Page 24 of 44 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. Date: May 10, 2002 BNP PARIBAS (f/k/a Banque Nationale de Paris) WELLS FARGO BANK, N.A. FIRST SOURCE LOAN OBLIGATIONS TRUST FIRST DOMINION FUNDING III FLEET NATIONAL BANK VAN KAMPEN PRIME RATE TRUST VAN KAMPEN SENIOR FLOATING RATE TRUST VAN KAMPEN SENIOR INCOME TRUST ARCHIMEDES FUNDING, L.L.C. ARCHIMEDES FUNDING II, LTD ENDURANCE CLO I, LTD KZH ING-2 LLC KZH ING-3 LLC By: BNP Paribas, as agent and attorney-in-fact By: /s/ Amy Kirschner --------------------- Name: Amy Kirschner Title: Director Page 25 of 44 After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement with respect to PPM America and its Controlling Persons is true, complete and correct. Date: May 10, 2002 PPM AMERICA, INC. By: /s/ Ronnie Kaplan ---------------------- Name: Ronnie Kaplan Title: Vice President Page 26 of 44
SCHEDULE A 1. BNP Paribas. The principal businesses of BNP Paribas is commercial and investment banking. The address of its principal business and principal office is 16 Boulevard des Italiens, 75009, Paris, France. The names and present principal occupations of the directors, executive officers and members of the Board of Management of BNP Paribas are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to BNP Paribas and the principal business address of each such director and executive officer is 16 Boulevard des Italiens, 75009, Paris, France. Directors and Executive Officers -------------------------------- ---------------------------------------- ------------------------------------------------------- ------------------ Name and Address Present Principal Occupation Citizenship ---------------------------------------- ------------------------------------------------------- ------------------ Michel Pebereau Chairman and CEO France ---------------------------------------- ------------------------------------------------------- ------------------ Patrick Auguste Employee representative France 33/35 avenue de Lowendal 75015 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------ Claude Bebear Chairman, AXA France 18, rue de la Ville l'Eveque 75008 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------ Jean-Louis Beffa Chairman and CEO, Saint-Gobain France Saint-Gobain 18, avenue d'Alsace 92060 Paris-La Defense, France ---------------------------------------- ------------------------------------------------------- ------------------ Jack Delage Employee representative France ---------------------------------------- ------------------------------------------------------- ------------------ Bernd Fahrholz President of the Management Board of Dresdner Bank Dresdner Bank Jurgen Ponto Platz 6030 Frankfurt am Main, Germany ---------------------------------------- ------------------------------------------------------- ------------------ Michel Francois-Poncet Vice Chairman of the Board France ---------------------------------------- ------------------------------------------------------- ------------------ Jacques Friedmann Director France 80, avenue de Breteuil 75015 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------ Francois Grappotte Chairman and CEO of Legrand France Legrand 16, boulevard des Italiens 75009 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------ Paul-Louis Halley Director of Carrefour France 585 avenue Louise 1050 Buxelles, Belgium ---------------------------------------- ------------------------------------------------------- ------------------ Philippe Jaffre Chairman and CEO of Europ@web France SAFREP --------- 38, rue Marbeuf 75008 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------ Alain Joly Chairman and CEO of L'Air Liquide France L'Air Liquide 75, Quai d'Orsay 75007 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------ Denis Kessler President, French Federation of Insurance Companies France 5 avenue Bosquet 75007 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------
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---------------------------------------- ------------------------------------------------------- ------------------ Name and Address Present Principal Occupation Citizenship ---------------------------------------- ------------------------------------------------------- ------------------ Jean-Marie Messier Chairman and CEO, Vivendi Universal France Vivendi Universal 42, avenue de Friedland 75380 Paris, France ---------------------------------------- ------------------------------------------------------- ------------------ Jean Morio BNP Paribas employee France ---------------------------------------- ------------------------------------------------------- ------------------ Lindsay Owen-Jones Chairman and CEO, L'Oreal France L'Oreal 41, rue Martre 92117 Clichy, France ---------------------------------------- ------------------------------------------------------- ------------------ David Peake Chairman, BNP UK Holdings Limited United Kingdom BNP-UK Holdings Limited 8-13 King William Street P.O. Box 416 London EC4P 4HS England ---------------------------------------- ------------------------------------------------------- ------------------ Baudouin Prot Director and COO France ---------------------------------------- ------------------------------------------------------- ------------------ Louis Schweitzer Chairman and CEO, Renault France Renault 34, Quai du Point du Jour 92100 Boulogne-Billancourt, France ---------------------------------------- ------------------------------------------------------- ------------------ Rene Thomas Honorary Chairman France ---------------------------------------- ------------------------------------------------------- ------------------
Board of Management ------------------- --------------------------------- ------------------------------------------------------------ ------------- Name and Address Present Principal Occupation Citizenship --------------------------------- ------------------------------------------------------------ ------------- Michel Pebereau Chairman and CEO France --------------------------------- ------------------------------------------------------------ ------------- Baudouin Prot President and COO France --------------------------------- ------------------------------------------------------------ ------------- Dominique Hoenn Chairman of the Board of Management, President and COO France --------------------------------- ------------------------------------------------------------ ------------- Philippe Blavier Member of Board of Management France --------------------------------- ------------------------------------------------------------ ------------- Georges Chodron de Courcel Executive Vice President France --------------------------------- ------------------------------------------------------------ ------------- Jean Clamon Member of Board of Management France --------------------------------- ------------------------------------------------------------ ------------- Herve Gouezel Member of Board of Management France --------------------------------- ------------------------------------------------------------ ------------- Bernard Lemee Senior Executive Vice President France --------------------------------- ------------------------------------------------------------ ------------- Vivien Levy-Garboua Executive Vice President France --------------------------------- ------------------------------------------------------------ ------------- Alain Moynot Senior Executive Vice President France --------------------------------- ------------------------------------------------------------ ------------- Amaury-Daniel de Seze Member of Board of Management France --------------------------------- ------------------------------------------------------------ ------------- Laurent Treca Executive Vice President France --------------------------------- ------------------------------------------------------------ -------------
2. PPM America. Pursuant to a portfolio management agreement, Endeavour has delegated to PPM America, Inc., a Delaware corporation ("PPM America"), all power to vote and dispose of the shares of Common Stock and Series B Preferred Stock Endeavour owns of record. PPM America is a wholly owned subsidiary of PPM Holdings, Inc., a Delaware corporation ("PPM Holdings"). A. The principal business of PPM America is performing investment advisory services for clients. The address of its principal business and principal office is 225 West Wacker Drive, Suite 1200, Chicago, IL 60606. The names, present principal occupation and business address of the directors and executive officers of PPM America are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to PPM America and the principal business address of each such director and executive officer is 225 West Wacker Drive, Suite 1200, Chicago, IL 60606.
---------------------- --------------------------------------------------------------- ------------------ Name Present Principal Occupation Citizenship ---------------------- --------------------------------------------------------------- ------------------ Leandra R. Knes Director, President and Chief Executive Officer United States ---------------------- --------------------------------------------------------------- ------------------
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---------------------- --------------------------------------------------------------- ------------------ Name Present Principal Occupation Citizenship ---------------------- --------------------------------------------------------------- ------------------ Bruce Gorchow Director United States ---------------------- --------------------------------------------------------------- ------------------ Mark B. Mandich Director, Chief Operating Officer and Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Lori C. Seegers Secretary, Senior Vice President and General Counsel United States ---------------------- --------------------------------------------------------------- ------------------ Grant Davidson Assistant Secretary United Kingdom ---------------------- --------------------------------------------------------------- ------------------ Wes Wetherell Assistant Secretary United States ---------------------- --------------------------------------------------------------- ------------------ Rich Brody Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Michael Dire Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Bruce Gorchow Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Brion Johnson Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Robert Flowers Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Jim Young Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ David Zachar Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Brian Schinderle Senior Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Ken Schlemmel Senior Vice President United States ---------------------- --------------------------------------------------------------- ------------------ Joel Klein Senior Vice President United States ---------------------- --------------------------------------------------------------- ------------------
PPM America is wholly owned by PPM Holdings. PPM Holdings' sole stockholder is Brooke Holdings, Inc., a Delaware corporation, which is itself wholly owned by Holborn Delaware Partnership ("Holborn"). The partners of Holborn are Prudential One Limited ("POL") (80% Partnership Interest), Prudential Two Limited (10% Partnership Interest) and Prudential Three Limited (10% Partnership Interest). The sole stockholder of POL is Prudential Corporation Holdings Limited ("Prudential Holdings"). Prudential plc, a UK public limited company ("Prudential"), is the sole shareholder of Prudential Holdings and the ultimate parent of PPM America. The principal business of Prudential is acting as a holding company for ownership interests in a variety of entities engaged in financial services, which includes certain distinct specialized business units that are independently operated, including that of PPM Holdings and its subsidiaries. Prudential, for purposes of the federal securities laws, ultimately controls PPM Holdings and its subsidiaries. Prudential, its executive officers and directors, and its direct and indirect subsidiaries (including all of its business units except that consisting of PPM Holdings and its subsidiaries), may beneficially own shares of Common Stock, although PPM America has made reasonable inquiry which has indicated no such ownership of shares of Common Stock. With respect to the securities of some issuers, PPM America serves as investment adviser to certain Prudential subsidiaries, and in such cases, PPM America includes such Prudential subsidiaries' beneficial ownership of such securities with its own when required to report pursuant to Section 13 of the Exchange Act. Where PPM America does not advise a Prudential subsidiary with respect to securities of an issuer, as is the case with the Issuer and the Common Stock, PPM Holdings and its subsidiaries disclaim beneficial ownership of such securities, if any, beneficially owned by Prudential, its executive officers and directors, and those direct and indirect subsidiaries of Prudential as to which PPM America does not provide advice (including all of Prudential's other business units except that consisting of PPM Holdings, its subsidiaries and those Prudential subsidiaries advised by PPM America) in reliance on Exchange Act Release No. 34-39538 (January 12, 1998) due to the separate management and independent operation of the reporting persons. B. The principal business of PPM Holdings is acting as a holding company for ownership interests in a variety of entities engaged in, among other things, investment advisory services businesses. The address of its principal business and principal office is 225 West Wacker Drive, Suite 1200, Chicago, IL 60606. The names, present principal occupation and business address of the directors and executive officers of PPM Holdings are listed below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to PPM Holdings and the principal business address of each such director and executive officer is 225 West Wacker Drive, Suite 1200, Chicago, IL 60606.
---------------------- --------------------------------------------------------------- ------------------ Name Title Citizenship ---------------------- --------------------------------------------------------------- ------------------ Leandra R. Knes Director, President and Chief Executive Officer United States ---------------------- --------------------------------------------------------------- ------------------ Bruce Gorchow Director United States ---------------------- --------------------------------------------------------------- ------------------ Mark B. Mandich Director, Chief Operating Officer and Executive Vice President United States ---------------------- --------------------------------------------------------------- ------------------
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---------------------- --------------------------------------------------------------- ------------------ Name Title Citizenship ---------------------- --------------------------------------------------------------- ------------------ Lori C. Seegers Secretary, Senior Vice President and General Counsel United States ---------------------- --------------------------------------------------------------- ------------------ Grant Davidson Assistant Secretary United Kingdom ---------------------- --------------------------------------------------------------- ------------------ Wes Wetherell Assistant Secretary United States ---------------------- --------------------------------------------------------------- ------------------
3. Wells Fargo. Wells Fargo is a subsidiary of WFC Holdings Corporation, a Delaware corporation ("WFC Holdings"), and First Security Corporation, a Delaware corporation ("First Security"). Each of WFC Holdings and First Security is a wholly owned subsidiary of Wells Fargo & Company, a Delaware corporation ("Wells Fargo & Company"). A. The principal business of Wells Fargo is commercial banking. The address of its principal business and principal office is 420 Montgomery Street, San Francisco, CA 94104. The directors and executive officers of Wells Fargo are listed below. Each such director and executive officer is principally employed by Wells Fargo, WFC Holdings, First Security and/or Wells Fargo & Company. The principal business address of each such director and executive officer is 420 Montgomery Street, San Francisco, CA 94104.
------------------------- -------------------------------------------------- --------------- Name Title Citizenship ------------------------- -------------------------------------------------- --------------- Howard I. Atkins Director United States ------------------------- -------------------------------------------------- --------------- Patricia R. Callahan Director and Executive Vice President United States ------------------------- -------------------------------------------------- --------------- David A. Hoyt Vice Chairman United States ------------------------- -------------------------------------------------- --------------- Dennis J. Mooradian Executive Vice President United States ------------------------- -------------------------------------------------- --------------- David J. Munio Executive Vice President and Chief Credit Officer United States ------------------------- -------------------------------------------------- --------------- Mark C. Oman Executive Vice President United States ------------------------- -------------------------------------------------- --------------- Clyde W. Ostler Director United States ------------------------- -------------------------------------------------- --------------- Les L. Quock Senior Vice President and Controller United States ------------------------- -------------------------------------------------- --------------- Carrie L. Tolstedt Director and President United States ------------------------- -------------------------------------------------- --------------- Paul M. Watson Director United States ------------------------- -------------------------------------------------- ---------------
B. WFC Holdings is a holding company. The address of its principal business and principal office is 420 Montgomery Street, San Francisco, CA 94104. The directors and executive officers of WFC Holdings are listed below. Each such director and executive officer is principally employed by Wells Fargo, WFC Holdings, First Security and/or Wells Fargo & Company. The principal business address of each such director and executive officer is 420 Montgomery Street, San Francisco, CA 94104.
---------------------- --------------------------------------------------------------- --------------- Name Title Citizenship ---------------------- --------------------------------------------------------------- --------------- Howard I. Atkins Director, Executive Vice President and Chief Financial Officer United States ---------------------- --------------------------------------------------------------- --------------- Saturnino S. Fanlo Executive Vice President and Treasurer United States ---------------------- --------------------------------------------------------------- --------------- Carrie L. Tolstedt Director and President United States ---------------------- --------------------------------------------------------------- --------------- Stanley S. Stroup Director and Executive Vice President United States ---------------------- --------------------------------------------------------------- ---------------
C. First Security is a holding company. The address of its principal business and principal office is Sixth and Marquette, Minneapolis, MN 55479. The directors and executive officers of First Security are listed below. Each such director and executive officer is principally employed by Wells Fargo, WFC Holdings, First Security and/or Wells Fargo & Company. The principal business address of each such director and executive officer is 420 Montgomery Street, San Francisco, CA 94104.
----------------------- -------------------------------------------------- --------------- Name Title Citizenship ----------------------- -------------------------------------------------- --------------- Jon R. Campbell Director and President United States ----------------------- -------------------------------------------------- --------------- Howard I. Atkins Director, Executive Vice President and Treasurer United States ----------------------- -------------------------------------------------- --------------- Stanley S. Stroup Director United States ----------------------- -------------------------------------------------- --------------- Brad D. Hardy Executive Vice President United States ----------------------- -------------------------------------------------- --------------- Laurel A. Holschuh Executive Vice President United States ----------------------- -------------------------------------------------- ---------------
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D. Wells Fargo & Company is a holding company. The address of its principal business and principal office is 420 Montgomery Street, San Francisco, CA 94104. The directors and executive officers of Wells Fargo & Company are listed below. Each such employee director and executive officer is principally employed by Wells Fargo, WFC Holdings, First Security and/or Wells Fargo & Company, and the principal business address of each such employee director and executive officer is 420 Montgomery Street, San Francisco, CA 94104. The principal occupation, employer and business address of each non-employee director is set forth below. Employee Directors and Executive Officers ----------------------------------------- --------------------------- --------------------------------------------------------------------- --------------- Name Title Citizenship --------------------------- --------------------------------------------------------------------- --------------- Howard I. Atkins Executive Vice President and Chief Financial Officer United States --------------------------- --------------------------------------------------------------------- --------------- Leslie S. Biller Director, Vice Chairman and Chief Operating Officer United States --------------------------- --------------------------------------------------------------------- --------------- John A. Berg Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- Patricia R. Callahan Executive Vice President (Human Resources) United States --------------------------- --------------------------------------------------------------------- --------------- Spencer F. Eccles Director United States --------------------------- --------------------------------------------------------------------- --------------- C. Webb Edwards Executive Vice President (Technology and Operations) United States --------------------------- --------------------------------------------------------------------- --------------- David A. Hoyt Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- Michael R. James Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- Richard M. Kovacevich Director, Chairman, President and Chief Executive Officer United States --------------------------- --------------------------------------------------------------------- --------------- Dennis H. Mooradian Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- David J. Munio Executive Vice President and Chief Credit Officer United States --------------------------- --------------------------------------------------------------------- --------------- Mark C. Oman Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- Clyde W. Ostler Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- Daniel W. Porter Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- Les L. Quock Senior Vice President and Controller (Principal Accounting Officer) United States --------------------------- --------------------------------------------------------------------- --------------- Stanley S. Stroup Executive Vice President and General Counsel United States --------------------------- --------------------------------------------------------------------- --------------- John G. Stumpf Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- --------------- Carrie L. Tolstedt Group Executive Vice President United States --------------------------- --------------------------------------------------------------------- ---------------
Non-Employee Directors ---------------------- ------------------- ------------------------- --------------------------------- ----------------------- -------------- Name Occupation Employer Business Address Citizenship ------------------- ------------------------- --------------------------------- ----------------------- -------------- J.A. Blanchard III Chairman and Chief eFunds Corporation Gainey Centre II - United States Executive Officer Suite 300 8501 Scottsdale Road Scottsdale, AZ 85253 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Michael R. Bowlin (Retired) 550 South Hope United States Street, Suite 1655 Los Angeles, CA 90071 ------------------- ------------------------- --------------------------------- ----------------------- -------------- David A. Retired President and Raven Industries, Inc. 205 East Sixth Street United States Christensen Chief Executive Officer P.O. Box 5107 Sioux Falls, SD 57117 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Susan E. Engel Chairwoman and Chief Department 56, Inc. One Village Place United States Executive Officer 6436 City West Parkway Eden Prairie, MN 55344 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Robert L. Joss Philip H. Knight Stanford University Graduate 518 Memorial Way United States Professor and Dean School of Business Stanford, CA 94305 ------------------- ------------------------- --------------------------------- ----------------------- --------------
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------------------- ------------------------- --------------------------------- ----------------------- -------------- Name Occupation Employer Business Address Citizenship ------------------- ------------------------- --------------------------------- ----------------------- -------------- Reatha Clark King President and Executive General Mills Foundation Number One General United States Director Mills Blvd. Minneapolis, MN 55426 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Richard D. Chairman Emeritus U S West, Inc. 3200 Cherry Creek United States McCormick South Drive, Suite 230 Denver, CO 80209 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Cynthia H. Dean University of Nebraska - 1240 R Street United States Milligan Lincoln College of Business P.O. Box 880405 Administration Lincoln, NE 69583 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Benjamin F. Retired Chairman and Public Service Company of New 4361 Whispering Oaks United States Montoya Chief Executive Officer Mexico Circle Granite Bay, CA 95746 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Philip J. Quigley Retired Chairman, Pacific Telesis Group 130 Kearny Street, United States President and CEO Suite 3200 San Francisco, CA 94108 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Donald B. Rice President and Chief Agensys, Inc. 1545 17th Street United States Executive Officer Santa Monica, CA 90404 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Judith M. Runstad Of Counsel Foster Pepper & Shefelman PLLC 1111 Third Avenue, United States Suite 3400 Seattle, WA 98101-3299 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Susan G. Swenson President and Chief Leap Wireless International, 10307 Pacific Center United States Operating Officer Inc. Court San Diego, CA 92121 ------------------- ------------------------- --------------------------------- ----------------------- -------------- Michael W. Wright Chairman of the Board Supervalu Inc. 11840 Valley View Road United States Eden Prairie, MN 55344 ------------------- ------------------------- --------------------------------- ----------------------- --------------
4. First Source. The ownership certificate of First Source is owned by F.S. Warrant, L.P., a Delaware limited partnership ("F.S. Warrant"). F.S. Warrant's general partner is First Source Equity Holdings, Inc., a Virginia corporation ("First Source Holdings"). First Source Holdings is a wholly owned subsidiary of Dominion Capital, Inc., a Virginia corporation ("Dominion Capital"). Dominion Capital is a wholly owned subsidiary of Dominion Resources, Inc., a Virginia corporation ("Dominion Resources"). A. The principal business of First Source is investing. The address of its principal business and principal office is 2850 West Golf Road, Suite 520, Rolling Meadows, IL 60008, Attn: Edward Szarkowitz. First Source has no directors or executive officers. B. The principal business of F.S. Warrant is investing. The address of its principal business and principal office is 2850 West Golf Road, Suite 520, Rolling Meadows, IL 60008, Attn: Edward Szarkowitz. F.S. Warrant has no directors or executive officers. C. The principal business of First Source Holdings is investing. The address of its principal business and principal office is 120 Tredegar Street, Richmond, VA 23219. The directors and executive officers of First Source Holdings are listed below. Each director and executive officer is principally employed by First Source Holdings, Dominion Capital and/or Dominion Page 32 of 44
Resources, and his or her principal business address is set forth below. ------------------------- ---------------------------------------- -------------- --------------------------------- Name Title Citizenship Address ------------------------- ---------------------------------------- -------------- --------------------------------- G. Scott Hetzer Director and President United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 ------------------------- ---------------------------------------- -------------- --------------------------------- Mark P. Mikuta Vice President United States 120 Tredegar Street, 6th Floor Richmond, VA 23219 ------------------------- ---------------------------------------- -------------- --------------------------------- Patricia A. Wilkerson Vice President and Assistant Secretary United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 ------------------------- ---------------------------------------- -------------- --------------------------------- E. J. Marks, III Secretary United States Dominion Tower 625 Liberty Avenue, 18th Floor Pittsburgh, PA 15222 ------------------------- ---------------------------------------- -------------- ---------------------------------
D. The principal business of Dominion Capital is investing. The address of its principal business and principal office is 120 Tredegar Street, Richmond, VA 23219. The directors and executive officers of Dominion Capital are listed below. Each such director and executive officer is employed by Dominion Resources Services, Inc., whose principal office is located at 120 Tredegar Street, Richmond, VA 23219. The principal business address of each such director and executive officer is set forth below.
-------------------------- --------------------------------------- --------------- -------------------------------- Name Title Citizenship Address -------------------------- --------------------------------------- --------------- -------------------------------- Thomas N. Chewning Chairman of the Board United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 -------------------------- --------------------------------------- --------------- -------------------------------- G. Scott Hetzer President United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 -------------------------- --------------------------------------- --------------- -------------------------------- Mark P. Mikuta Vice President and Controller United States 120 Tredegar Street, 6th Floor Richmond, VA 23219 -------------------------- --------------------------------------- --------------- -------------------------------- Jerry L. Moore Vice President United States 120 Tredegar Street, 6th Floor Richmond, VA 23219 -------------------------- --------------------------------------- --------------- -------------------------------- Patricia A. Wilkerson Vice President and Assistant Secretary United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 -------------------------- --------------------------------------- --------------- -------------------------------- E. J. Marks, III Secretary United States Dominion Tower 625 Liberty Avenue, 18th Floor Pittsburgh, PA 15222 -------------------------- --------------------------------------- --------------- --------------------------------
E. Dominion Resources is a publicly owned company whose principal business is owning and managing its subsidiaries. The address of its principal business and principal office is 120 Tredegar Street, Richmond, VA 23219. The directors and executive officers of Dominion Resources are listed below. Each such executive officer is employed by Dominion Resources Services, Inc., whose principal office is located at 120 Tredegar Street, Richmond, VA 23219. The principal business address of each such executive officer is set forth below. The principal occupation, employer and business or residence address of each director is set forth below.
Executive Officers ------------------ ---------------------- --------------------------------------------------- -------------- ---------------------------- Name Title Citizenship Address ---------------------- --------------------------------------------------- -------------- ---------------------------- Thos. E. Capps President and Chief Executive Officer United States 100 Tredegar Street Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Thomas N. Chewning Executive Vice President and Chief Financial United States 100 Tredegar Street, 3rd Officer Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Thomas F. Farrell, II Executive Vice President United States 120 Tredegar Street, 3rd Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ----------------------------
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---------------------- --------------------------------------------------- -------------- ---------------------------- Name Title Citizenship Address ---------------------- --------------------------------------------------- -------------- ---------------------------- James P. O'Hanlon Executive Vice President United States 120 Tredegar Street, 3rd Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Duane C. Radtke Executive Vice President United States Four Greenspoint Plaza 16945 Northchase Drive, Suite 1750 Houston, TX 77060 ---------------------- --------------------------------------------------- -------------- ---------------------------- Edgar M. Roach, Jr. Executive Vice President United States 701 East Cary Street, 21st Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Eva Teig Hardy Senior Vice President - External Affairs & United States 701 East Cary Street, 21st Corporate Communications Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- G. Scott Hetzer Senior Vice President and Treasurer United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Mark F. McGettrick Senior Vice President and Chief Administrative United States 701 East Cary Street, 21st Officer Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- James L. Sanderlin Senior Vice President - Law United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- William C. Hall, Jr. Vice President - External Affairs and Corporate United States 100 Tredegar Street, 3rd Communications Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Simon C. Hodges Vice President - Financial Planning United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Karen E. Hunter Vice President - Tax United States 701 East Cary Street, 21st Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Steven A. Rogers Vice President and Controller United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- James F. Stutts Vice President and General Counsel United States 100 Tredegar Street Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ---------------------------- Patricia A. Wilkerson Vice President and Corporate Secretary United States 100 Tredegar Street, 3rd Floor Richmond, VA 23219 ---------------------- --------------------------------------------------- -------------- ----------------------------
Directors --------- ---------------------- --------------------------------- -------------------- ------------------------- -------------- Name Occupation Employer Address Citizenship ---------------------- --------------------------------- -------------------- ------------------------- -------------- Thos. E. Capps Chairman of the Board, Dominion 100 Tredegar Street United States President and Chief Executive Resources, Inc. Richmond, VA 23219 Officer ---------------------- --------------------------------- -------------------- ------------------------- -------------- William S. Barrack, Retired Senior Vice President Texaco, Inc. 781 Weed Street United States Jr. New Canaan, CT 06840 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Ronald J. Calise Former Managing Director Lehman Brothers 1 Fifth Avenue, Apt. 13G United States New York, NY 10003 ---------------------- --------------------------------- -------------------- ------------------------- -------------- George A. Davidson, Retired Chairman Dominion Dominion Tower United States Jr. Resources, Inc. 635 Liberty Avenue Pittsburgh, PA 15222 ---------------------- --------------------------------- -------------------- ------------------------- --------------
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---------------------- --------------------------------- -------------------- ------------------------- -------------- Name Occupation Employer Address Citizenship ---------------------- --------------------------------- -------------------- ------------------------- -------------- John W. Harris President Lincoln Harris, LLC 100 North Tryon Street, United States Suite 2600 Charlotte, NC 28202 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Benjamin J. Lambert, Optometrist 904 North First Street United States III Richmond, VA 23219 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Richard L. Retired President and CEO CSX Equipment 3805 Greenway United States Leatherwood Baltimore, MD 21218 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Margaret A. McKenna President Lesley University 20 Everett Street United States Cambridge, MA 02138 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Steven A. Minter President and Executive Director The Cleveland 1422 Euclid Avenue, United States Foundation Suite 1400 Cleveland, OH 44115 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Kenneth A. Randall Corporate Director Various companies 6 Whittaker's Mill United States Williamsburg, VA 23185 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Frank S. Royal Physician East End Medical United States Building 1122 North 25th Street Richmond, VA 23223 ---------------------- --------------------------------- -------------------- ------------------------- -------------- S. Dallas Simmons President and Chief Executive Dallas Simmons & 314 Burnwick Road United States Officer Associates Richmond, VA 23227 ---------------------- --------------------------------- -------------------- ------------------------- -------------- Robert H. Spilman President Spilman Properties PO Box 880 United States Bassett, VA 24055 ---------------------- --------------------------------- -------------------- ------------------------- -------------- David A. Wollard Founding Chairman of the Board, Healthcare 420 South Marion United States Emeritus Exempla Parkway, Apt. 1301 Denver, CO 80209 ---------------------- --------------------------------- -------------------- ------------------------- --------------
5. First Dominion. Credit Suisse Asset Management, LLC, a Delaware limited liability company ("CSAM"), is the collateral manager of First Dominion. The business, property and affairs of CSAM are managed exclusively by its managing directors. A. First Dominion is a special purpose vehicle (i.e., a collateralized debt obligation fund) that invests in loans and bonds. The address of its principal business and principal office is 466 Lexington Avenue, New York, NY 10017. First Dominion has no officers, and its directors are listed below. Each such director is employed by QSPV Limited, and his principal occupation is providing general business services. The principal business address for each such director and QSPV Limited is Queensgate House, South Church Street, George Town, Grand Cayman, Cayman Islands. --------------------- --------- ------------------ Name Title Citizenship --------------------- --------- ------------------ Hugh Thompson Director United Kingdom --------------------- --------- ------------------ Anthony Baker Director United Kingdom --------------------- --------- ------------------ Martin Couch Director United Kingdom --------------------- --------- ------------------ Philip Hines Director United States --------------------- --------- ------------------ B. The principal business of CSAM is asset management. The address of its principal business and principal office is 466 Lexington Avenue, New York, NY 10017. The managing directors of CSAM are listed below. The principal occupation of each such managing director is serving as a managing director of CSAM. The principal business address for each such managing director is 466 Lexington Avenue, New York, NY 10017. --------------------- -------------------- ------------------ Name Title Citizenship --------------------- -------------------- ------------------ Jeffrey Peek Managing Director United States --------------------- -------------------- ------------------ Page 35 of 44
--------------------- -------------------- ------------------ Name Title Citizenship --------------------- -------------------- ------------------ Larry Smith Managing Director United States --------------------- -------------------- ------------------ Matt Moss Managing Director United Kingdom --------------------- -------------------- ------------------ Hal Liebes Managing Director United States --------------------- -------------------- ------------------ Andrew Marshak Managing Director United States --------------------- -------------------- ------------------ John Popp Managing Director United States --------------------- -------------------- ------------------ 6. Fleet. Fleet is a wholly owned subsidiary of FleetBoston Financial Corporation, a Rhode Island corporation ("FleetBoston"). A. The principal business of Fleet is commercial banking. The address of its principal business and principal office is 100 Federal Street, Boston, MA 02110. The names and present principal occupations of the directors and executive officers of Fleet are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to Fleet and the principal business address of each such director and executive officer is 100 Federal Street, Boston, MA 02110. Directors --------- ---------------------------------- ------------------------------------------------------------------- --------------- Name Principal Occupation Citizenship ---------------------------------- ------------------------------------------------------------------- --------------- Joel B. Alvord President & Managing Director - Shawmut Capital Partners United States 75 Federal St., 18th Floor Boston, MA 02110 ---------------------------------- ------------------------------------------------------------------- --------------- William Barnet, III Chairman, President & CEO - The Barnet Company, Inc. United States 507 E. St. John St. Spartanburg, SC 29302 ---------------------------------- ------------------------------------------------------------------- --------------- Daniel P. Burnham Chairman & CEO of Raytheon Company United States 141 Spring St. Lexington, MA 02421 ---------------------------------- ------------------------------------------------------------------- --------------- Paul J. Choquette, Jr. Chairman & CEO of Gilbane Building Company United States Seven Jackson Walkway Providence, RI 02903 ---------------------------------- ------------------------------------------------------------------- --------------- Kim B. Clark Dean of the Faculty - Harvard Business School United States Soldiers Field Rd., Morgan Hall 125 Boston, MA 02163 ---------------------------------- ------------------------------------------------------------------- --------------- John T. Collins Chairman & CEO of The Collins Group, Inc. United States 60 State St., Ste. 700 Boston, MA 02109 ---------------------------------- ------------------------------------------------------------------- --------------- Gary L. Countryman Chairman Emeritus - Liberty Mutual Insurance Company United States 175 Berkeley St. Boston, MA 02117 ---------------------------------- ------------------------------------------------------------------- --------------- T. J. Dermot Dunphy Chairman - Kildare Enterprises, LLC United States P.O. Box 303 Loberty Corner, NJ 07938 ---------------------------------- ------------------------------------------------------------------- --------------- Charles K. Gifford President & CEO - FleetBoston Financial Corporation United States ---------------------------------- ------------------------------------------------------------------- --------------- Marian L. Heard President & CEO - United Way of Massachusetts Bay United States 245 Summer St., Suite 1401 Boston, MA 02210 ---------------------------------- ------------------------------------------------------------------- ---------------
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---------------------------------- ------------------------------------------------------------------- --------------- Name Principal Occupation Citizenship ---------------------------------- ------------------------------------------------------------------- --------------- Robert M. Kavner Chairman - Overture Services, Inc. United States 380 Portage Ave. Palo Alto, CA 94306 ---------------------------------- ------------------------------------------------------------------- --------------- Thomas J. May Chairman, President & CEO - NSTAR United States 800 Boylston St. Boston, MA 02199 ---------------------------------- ------------------------------------------------------------------- --------------- Donald F. McHenry Professor of Diplomacy & International Relations -Georgetown United States 1320 19th St., NW University Washington, DC 20036 ---------------------------------- ------------------------------------------------------------------- --------------- Henrique C. Meirelles President of Global Banking -FleetBoston Financial Corporation Brazil 590 Madison Ave., 22nd Floor New York, NY 10022 ---------------------------------- ------------------------------------------------------------------- --------------- Terrence Murray Chairman - FleetBoston Financial Corporation United States ---------------------------------- ------------------------------------------------------------------- --------------- Michael B. Picotte President & CEO - The Picotte Companies United States 20 Corporate Woods Blvd. Albany, NY 12211 ---------------------------------- ------------------------------------------------------------------- --------------- Francene S. Rodgers Chief Executive Officer - WFD, Inc. United States 200 Talcott Ave., West Watertown, MA 02472 ---------------------------------- ------------------------------------------------------------------- --------------- Thomas M. Ryan Chairman, President & CEO - CVS Corporation United States One CVS Dr. Woonsocket, RI 02895 ---------------------------------- ------------------------------------------------------------------- --------------- T. Joseph Semrod Vice Chairman - FleetBoston Financial Corporation United States 301 Carnegie Ctr. Princeton, NJ 08543 ---------------------------------- ------------------------------------------------------------------- --------------- Paul R. Tregurtha Chairman & CEO - Mormac Marine Group, Inc. & Moran Transportation United States One Landmark Square Co Stamford, CT 06901 ---------------------------------- ------------------------------------------------------------------- ---------------
Executive Officers ------------------ ----------------------------- ------------------------------------------------ -------------------- Name Principal Occupation Citizenship ----------------------------- ------------------------------------------------ -------------------- Terrence Murray Chairman United States ----------------------------- ------------------------------------------------ -------------------- Charles K. Gifford President and Chief Executive Officer United States ----------------------------- ------------------------------------------------ -------------------- Henrique C. Meirelles President of Global Banking Brazil 590 Madison Ave. New York, NY 10022 ----------------------------- ------------------------------------------------ -------------------- Eugene M. McQuade Vice Chairman and Chief Financial Officer United States ----------------------------- ------------------------------------------------ -------------------- H. Jay Sarles Vice Chairman, Wholesale Banking United States ----------------------------- ------------------------------------------------ -------------------- Paul F. Hogan Vice Chairman and Chief Risk Officer United States ----------------------------- ------------------------------------------------ -------------------- Joseph A. Smialowski Vice Chairman, Technology/Operations United States ----------------------------- ------------------------------------------------ -------------------- Bradford H. Warner Vice Chairman, Consumer Business Group United States ----------------------------- ------------------------------------------------ -------------------- Peter J. Manning Vice Chairman United States ----------------------------- ------------------------------------------------ -------------------- T. Joseph Semrod Vice Chairman United States 301 Carnegie Ctr. Princeton, NJ 08543 ----------------------------- ------------------------------------------------ -------------------- John L. Mastromarino Executive Vice President United States ----------------------------- ------------------------------------------------ -------------------- Anne M. Finucane Executive Vice President United States ----------------------------- ------------------------------------------------ -------------------- Brian T. Moynihan Executive Vice President United States ----------------------------- ------------------------------------------------ -------------------- Gary A. Spiess Executive Vice President, General Counsel & United States Secretary ----------------------------- ------------------------------------------------ -------------------- M. Anne Szostak Executive Vice President United States ----------------------------- ------------------------------------------------ --------------------
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----------------------------- ------------------------------------------------ -------------------- Name Principal Occupation Citizenship ----------------------------- ------------------------------------------------ -------------------- Ernest L. Puschaver Chief Accounting Officer United States ----------------------------- ------------------------------------------------ -------------------- Douglas L. Jacobs Executive Vice President United States ----------------------------- ------------------------------------------------ -------------------- Terrence P. Laughlin Senior Vice President and Director of Strategic United States Planning ----------------------------- ------------------------------------------------ --------------------
B. FleetBoston is a holding company. The address of its principal business and principal office is 100 Federal Street, Boston, MA 02110. The names and present principal occupations of the directors and executive officers of FleetBoston are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to FleetBoston and the principal business address of each such director and executive officer is 100 Federal Street, Boston, MA 02110.
Directors --------- --------------------------------- ------------------------------------------------------------------- ---------------- Name Principal Occupation Citizenship --------------------------------- ------------------------------------------------------------------- ---------------- Joel B. Alvord President & Managing Director - Shawmut Capital Partners United States 75 Federal St., 18th Floor Boston, MA 02110 --------------------------------- ------------------------------------------------------------------- ---------------- William Barnet, III Chairman, President & CEO - The Barnet Company, Inc. United States 507 E. St. John St. Spartanburg, SC 29302 --------------------------------- ------------------------------------------------------------------- ---------------- Daniel P. Burnham Chairman & CEO of Raytheon Company United States 141 Spring St. Lexington, MA 02421 --------------------------------- ------------------------------------------------------------------- ---------------- Paul J. Choquette, Jr. Chairman & CEO of Gilbane Building Company United States Seven Jackson Walkway Providence, RI 02903 --------------------------------- ------------------------------------------------------------------- ---------------- Kim B. Clark Dean of the Faculty - Harvard Business School United States Soldiers Field Rd., Morgan Hall 125 Boston, MA 02163 --------------------------------- ------------------------------------------------------------------- ---------------- John T. Collins Chairman & CEO of The Collins Group, Inc. United States 60 State St., Ste. 700 Boston, MA 02109 --------------------------------- ------------------------------------------------------------------- ---------------- Gary L. Countryman Chairman Emeritus - Liberty Mutual Insurance Company United States 175 Berkeley St. Boston, MA 02117 --------------------------------- ------------------------------------------------------------------- ---------------- T. J. Dermot Dunphy Chairman - Kildare Enterprises, LLC United States P.O. Box 303 Loberty Corner, NJ 07938 --------------------------------- ------------------------------------------------------------------- ---------------- Charles K. Gifford President & CEO - FleetBoston Financial Corporation United States --------------------------------- ------------------------------------------------------------------- ---------------- Marian L. Heard President & CEO - United Way of Massachusetts Bay United States 245 Summer St., Suite 1401 Boston, MA 02210 --------------------------------- ------------------------------------------------------------------- ---------------- Robert M. Kavner Chairman - Overture Services, Inc. United States 380 Portage Ave. Palo Alto, CA 94306 --------------------------------- ------------------------------------------------------------------- ---------------- Thomas J. May Chairman, President & CEO - NSTAR United States 800 Boylston St. Boston, MA 02199 --------------------------------- ------------------------------------------------------------------- ---------------- Donald F. McHenry Professor of Diplomacy & International Relations - Georgetown United States 1320 19th St., NW University Washington, DC 20036 --------------------------------- ------------------------------------------------------------------- ----------------
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--------------------------------- ------------------------------------------------------------------- ---------------- Name Principal Occupation Citizenship --------------------------------- ------------------------------------------------------------------- ---------------- Henrique C. Meirelles President of Global Banking -FleetBoston Financial Corporation Brazil 590 Madison Ave., 22nd Floor New York, NY 10022 --------------------------------- ------------------------------------------------------------------- ---------------- Terrence Murray Chairman - FleetBoston Financial Corporation United States --------------------------------- ------------------------------------------------------------------- ---------------- Michael B. Picotte President & CEO - The Picotte Companies United States 20 Corporate Woods Blvd. Albany, NY 12211 --------------------------------- ------------------------------------------------------------------- ---------------- Francene S. Rodgers Chief Executive Officer - WFD, Inc. United States 200 Talcott Ave., West Watertown, MA 02472 --------------------------------- ------------------------------------------------------------------- ---------------- Thomas M. Ryan Chairman, President & CEO - CVS Corporation United States One CVS Dr. Woonsocket, RI 02895 --------------------------------- ------------------------------------------------------------------- ---------------- T. Joseph Semrod Vice Chairman - FleetBoston Financial Corporation United States 301 Carnegie Ctr. Princeton, NJ 08543 --------------------------------- ------------------------------------------------------------------- ---------------- Paul R. Tregurtha Chairman & CEO - Mormac Marine Group, Inc. & Moran Transportation United States One Landmark Square Co Stamford, CT 06901 --------------------------------- ------------------------------------------------------------------- ----------------
Executive Officers ------------------ ---------------------- ------------------------------------------------------- ----------------- Name Principal Occupation Citizenship ---------------------- ------------------------------------------------------- ----------------- Terrence Murray Chairman United States ---------------------- ------------------------------------------------------- ----------------- Charles K. Gifford President and Chief Executive Officer United States ---------------------- ------------------------------------------------------- ----------------- Henrique C. Meirelles President of Global Banking Brazil 590 Madison Ave. New York, NY 10022 ---------------------- ------------------------------------------------------- ----------------- Eugene M. McQuade Vice Chairman and Chief Financial Officer United States ---------------------- ------------------------------------------------------- ----------------- H. Jay Sarles Vice Chairman, Wholesale Banking United States ---------------------- ------------------------------------------------------- ----------------- Paul F. Hogan Vice Chairman and Chief Risk Officer United States ---------------------- ------------------------------------------------------- ----------------- Joseph A. Smialowski Vice Chairman, Technology/Operations United States ---------------------- ------------------------------------------------------- ----------------- Bradford H. Warner Vice Chairman, Consumer Business Group United States ---------------------- ------------------------------------------------------- ----------------- Peter J. Manning Vice Chairman United States ---------------------- ------------------------------------------------------- ----------------- T. Joseph Semrod Vice Chairman United States 301 Carnegie Ctr. Princeton, NJ 08543 ---------------------- ------------------------------------------------------- ----------------- John L. Mastromarino Executive Vice President United States ---------------------- ------------------------------------------------------- ----------------- Anne M. Finucane Executive Vice President United States ---------------------- ------------------------------------------------------- ----------------- Brian T. Moynihan Executive Vice President United States ---------------------- ------------------------------------------------------- ----------------- Gary A. Spiess Executive Vice President, General Counsel & Secretary United States ---------------------- ------------------------------------------------------- ----------------- M. Anne Szostak Executive Vice President United States ---------------------- ------------------------------------------------------- ----------------- Ernest L. Puschaver Chief Accounting Officer United States ---------------------- ------------------------------------------------------- ----------------- Douglas L. Jacobs Executive Vice President and Treasurer United States ---------------------- ------------------------------------------------------- ----------------- Terrence P. Laughlin Senior Vice President and Director of Strategic United States Planning ---------------------- ------------------------------------------------------- -----------------
7. VKM Prime Rate, VKM Floating Rate and VKM Senior Income. Van Kampen Investment Advisory Corp. ("VKM Advisory") is the investment advisor of VKM Prime Rate, VKM Floating Rate and VKM Senior Income. Page 39 of 44
A. The principal business of VKM Prime Rate, VKM Floating Rate and VKM Senior Income is investing. The address of its principal business and principal office is 1 Parkview Plaza, P.O. Box 5555, Oakbrook Terrace, IL 60181. The names and present principal occupations of the executive officers of VKM Prime Rate, VKM Floating Rate and VKM Senior Income are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to VKM Prime Rate, VKM Floating Rate and VKM Senior Income. The principal business address of each such executive officer is 1 Parkview Plaza, P.O. Box 5555, Oakbrook Terrace, IL 60181. ------------------------- ------------------------------------------------------ ----------------- Name Principal Occupation Citizenship ------------------------- ------------------------------------------------------ ----------------- Richard F. Powers, III Chairman, Trustee and President United States ------------------------- ------------------------------------------------------ ----------------- Stephen L. Boyd Executive Vice President and Chief Investment Officer United States ------------------------- ------------------------------------------------------ ----------------- John R. Reynoldson Vice President United States ------------------------- ------------------------------------------------------ ----------------- John H. Zimmermann, III Vice President United States ------------------------- ------------------------------------------------------ ----------------- John L. Sullivan Vice President, Chief Financial Officer and Treasurer United States ------------------------- ------------------------------------------------------ ----------------- James M. Dykas Assistant Treasurer United States ------------------------- ------------------------------------------------------ ----------------- Michael Coyne Assistant Treasurer United States ------------------------- ------------------------------------------------------ ----------------- A. Thomas Smith, III Vice President and Secretary United States ------------------------- ------------------------------------------------------ ----------------- Sara Badler Assistant Secretary United States ------------------------- ------------------------------------------------------ ----------------- Howard C. Tiffen Vice President United States ------------------------- ------------------------------------------------------ -----------------
B. The principal business of VKM Advisory is investing. The address of its principal business and principal office is 1 Parkview Plaza, P.O. Box 5555, Oakbrook Terrace, IL 60181. The names and present principal occupations of the executive officers of VKM Advisory are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to VKM Advisory. The principal business address of each such executive officer is 1 Parkview Plaza, P.O. Box 5555, Oakbrook Terrace, IL 60181.
----------------------- --------------------------------------------------------- ---------------- Name Principal Occupation Citizenship ----------------------- --------------------------------------------------------- ---------------- Richard F. Powers, III Chairman, Managing Director and Chief Executive Officer United States ----------------------- --------------------------------------------------------- ---------------- Stephen L. Boyd President and Managing Director United States ----------------------- --------------------------------------------------------- ---------------- Michael H. Santo Chief Operating Officer and Managing Director United States ----------------------- --------------------------------------------------------- ----------------
8. Archimedes, Archimedes II and Endurance. ING Capital Advisors, LLC, a Delaware limited liability company ("ING Capital Advisors"), is the investment manager of Archimedes, Archimedes II and Endurance. ING Furman Selz Asset Management LLC, a Delaware limited liability company ("ING Furman Selz"), is the sole member of ING Capital Advisors. ING (U.S.) Financial Holdings Corp. ("ING Financial Holdings") is the sole member of ING Furman Selz. A. The principal business of Archimedes is investment management. The address of its principal business and principal office is c/o Puglisi & Associates, 850 Library Avenue, Suite 204, Newark, DE 19711, Attention: Donald Puglisi, Esq. The sole member of Archimedes is Donald J. Puglisi, who is a United States citizen. B. The principal business of Archimedes II is investment management. The address of its principal business and principal office is c/o Queensgate SPV Services Limited, P.O. Box 1093GT, Compass Centre, 2nd Floor, Crewe Road, George Town, Grand Cayman, Cayman Islands, British West Indies. The directors of Archimedes II are Martin Couch, who is a United Kingdom citizen, and Helen Allen and Phillip Hinds, who are United States citizens. C. The principal business of Endurance is investment management. The address of its principal business and principal office is c/o QSPV Limited, P.O. Box 1093GT, Queensgate House, George Town, Grand Cayman, British West Indies. The directors of Endurance are Martin Couch, who is a United Kingdom citizen, and Hugh Thompson, Phillip Hinds and Stephen O'Donnell, who are United States citizens. Page 40 of 44 D. The principal business of ING Capital Advisors is investment management. The address of its principal business and principal office is 333 South Grand Avenue, Los Angeles, CA 90071. The names and present principal occupations of the executive officers of ING Capital Advisors are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to ING Capital Advisors. ------------------------ ------------------------ ---------------- Name Principal Occupation Citizenship ------------------------ ------------------------ ---------------- Mark A. Smith Chief Executive Officer United States ------------------------ ------------------------ ---------------- Michael D. Hatley CIO and President United States ------------------------ ------------------------ ---------------- Michael J. Campbell Chief Credit Officer United States ------------------------ ------------------------ ---------------- Virginia M. Henneberry Director of Marketing United States ------------------------ ------------------------ ---------------- Graydon W. Wilcox CFO and COO United States ------------------------ ------------------------ ---------------- E. The principal business of ING Furman Selz is investment management. The address of its principal business and principal office is 230 Park Avenue, 14th Floor, New York, NY 10169. The names and present principal occupations of the executive officers of ING Furman Selz are set forth below. Unless otherwise indicated, the principal occupation set forth opposite an individual's name refers to ING Furman Selz. -------------------- -------------------------------------- --------------- Name Principal Occupation Citizenship -------------------- -------------------------------------- --------------- Edmund A. Hajim CEO United States -------------------- -------------------------------------- --------------- Timothy Schantz President United States -------------------- -------------------------------------- --------------- Robert Miller Executive Vice President and CFO United States -------------------- -------------------------------------- --------------- Kevin Cassidy Executive Vice President United States -------------------- -------------------------------------- --------------- Gerald Lins General Counsel and Secretary United States -------------------- -------------------------------------- --------------- Joseph Kaminsky Senior Vice President United States -------------------- -------------------------------------- --------------- Wendy Lurie Vice President and Assistant Secretary United States -------------------- -------------------------------------- --------------- Wendy Prager Vice President and Assistant Secretary United States -------------------- -------------------------------------- --------------- Benjamin Emanuel Vice President United States -------------------- -------------------------------------- --------------- David Rutkin Vice President United States -------------------- -------------------------------------- --------------- 9. KZH 2 and KZH 3. Moat Funding LLC, a Delaware limited liability company, owns all of the limited liability company interests of KZH 2 and KZH 3. Moat Funding Corp., a Delaware corporation, owns all of the limited liability company interests of Moat Funding LLC. Moat Funding Trust, a Massachusetts charitable lead trust, owns all of the capital stock of Moat Funding Corp. J H Holdings Corporation, a Massachusetts corporation, is the trustee of Moat Funding Trust. A. The principal business of KZH 2 and KZH 3 is engaging in financing transactions. The principal business of Moat Funding LLC and Moat Funding Corp. is ownership of KZH 2, KZH 3 and other similar special purpose vehicles. The address of the principal business and principal office of KZH 2, KZH 3, Moat Funding LLC and Moat Funding Corp. is c/o J H Holdings Corporation and/or J.H. Management Corporation, Room 5/69, One International Place, Boston, MA 02110. The names of the directors and executive officers of KZH 2, KZH 3, Moat Funding LLC and Moat Funding Corp. are set forth below. Each such person holds the title set forth opposite his or her name with each of KZH 2, KZH 3, Moat Funding LLC and Moat Funding Corp. The present principal employment of each such director and executive officer is with J.H. Management Corporation or J H Holdings Corporation. The business address of each such director and executive officer is J.H. Management Corporation or J H Holdings Corporation, Room 5/69, One International Place, Boston, MA 02110. Page 41 of 44 ----------------------- ---------------------- ---------------- Name Title Citizenship ----------------------- ---------------------- ---------------- Nancy D. Smith Director and President United States ----------------------- ---------------------- ---------------- Louise E. Colby Director United States ----------------------- ---------------------- ---------------- Geraldine St. Louis Vice President United States ----------------------- ---------------------- ---------------- R. Douglas Donaldson Treasurer United States ----------------------- ---------------------- ---------------- B. The principal business of Moat Funding Trust is ownership of KZH 2, KZH 3 and other similar special purpose vehicles. The address of its principal business and principal office is c/o J H Holdings Corporation and/or J.H. Management Corporation, Room 5/69, One International Place, Boston, MA 02110. C. The principal business of J H Holdings Corporation is ownership of KZH 2, KZH 3 and other similar special purpose vehicles. The address of its principal business and principal office is Room 5/69, One International Place, Boston, MA 02110. The names and titles of the directors and executive officers of J H Holdings Corporation are set forth below. The present principal employment of each such director and executive officer is with J.H. Management Corporation or J H Holdings Corporation, except for Ilene T. Johnson, who is principally employed as a trust administrator. The business address of each such director and executive officer is J.H. Management Corporation or J H Holdings Corporation, Room 5/69, One International Place, Boston, MA 02110. ----------------------- ----------------------- ---------------- Name Title Citizenship ----------------------- ----------------------- ---------------- Ilene T. Johnson Director United States ----------------------- ----------------------- ---------------- R. Douglas Donaldson President and Treasurer United States ----------------------- ----------------------- ---------------- Geraldine St. Louis Vice President United States ----------------------- ----------------------- ---------------- Page 42 of 44 SCHEDULE B The following table sets forth the number of shares of Common Stock and percentage of outstanding Common Stock owned by each Group Member on the Closing Date, based on the assumption that (a) the Reporting Persons are not deemed to own beneficially the Additional Shares as of the Closing Date and (b) there are 189,183,258 shares of Common Stock outstanding, which reflects (i) the 40,667,884 shares outstanding immediately before the Closing Date, as represented by the Issuer to the Lenders in the Restructuring Agreement, less (ii) 6,946,583 shares to be contributed to the Issuer promptly after Closing Date by CRW Financial, Inc., a wholly owned subsidiary of the Issuer, plus (iii) the 155,435,035 shares issued to Lenders on Closing Date, plus (iv) 26,922 shares issuable upon the exercise of the BNP Warrants. -------------------------------------------------------------------------------- Group Member* Shares of Shares of Common Percentage of Common Stock Stock that May Be Common Stock that Owned of Deemed Beneficially May Be Deemed Record on Owned Beneficially Owned Closing Date -------------------------------------------------------------------------------- 1. BNP Paribas 21,104,322 21,131,244** 11.2% -------------------------------------------------------------------------------- 2. A. Endeavour*** 19,422,184 0 0% -------------------------------------------------------------------------------- B. PPM America 0 19,422,184 10.3% -------------------------------------------------------------------------------- C. PPM Holdings 0 19,422,184 10.3% -------------------------------------------------------------------------------- 3. A. Wells Fargo 6,430,207 6,430,207 3.4% -------------------------------------------------------------------------------- B. WFC Holdings 0 6,430,207 3.4% -------------------------------------------------------------------------------- C. First Security 0 6,430,207 3.4% -------------------------------------------------------------------------------- D. Wells Fargo & 0 6,430,207 3.4% Company -------------------------------------------------------------------------------- 4. A. First Source 11,100,740 11,100,740 5.9% -------------------------------------------------------------------------------- B. F.S. Warrant 0 11,100,740 5.9% -------------------------------------------------------------------------------- C. First Source 0 11,100,740 5.9% Holdings -------------------------------------------------------------------------------- D. Dominion 0 11,100,740 5.9% Capital -------------------------------------------------------------------------------- E. Dominion 0 11,100,740 5.9% Resources -------------------------------------------------------------------------------- 5. A. First Dominion 12,161,478 12,161,478 6.4% -------------------------------------------------------------------------------- B. CSAM 0 12,161,478 6.4% -------------------------------------------------------------------------------- 6. A. Fleet 16,642,888 16,642,888 8.8% -------------------------------------------------------------------------------- B. FleetBoston 0 16,642,888 8.8% -------------------------------------------------------------------------------- 7. VKM Prime Rate 11,618,775 11,618,775 6.1% -------------------------------------------------------------------------------- 8. VKM Floating Rate 11,618,775 11,618,775 6.1% -------------------------------------------------------------------------------- 9. A. VKM Senior Income 11,618,775 11,618,775 6.1% -------------------------------------------------------------------------------- B. VKM Advisory 0 34,856,325 18.3% -------------------------------------------------------------------------------- 10. Archimedes 6,076,628 6,076,628 3.2% -------------------------------------------------------------------------------- 11. Archimedes II 4,464,965 4,464,965 2.4% -------------------------------------------------------------------------------- 12.A. Endurance 3,650,910 3,650,910 1.9% -------------------------------------------------------------------------------- B. ING Capital 0 14,192,503 7.5% Advisors -------------------------------------------------------------------------------- C. ING Furman Selz 0 14,192,503 7.5% -------------------------------------------------------------------------------- D. ING Financial 0 14,192,503 7.5% Holdings -------------------------------------------------------------------------------- 13. KZH 2 6,076,628 6,076,628 3.2% -------------------------------------------------------------------------------- -------- * Information with respect to the Controlling Persons and TBH is given to the best knowledge of the Reporting Persons. ** Includes 26,922 shares issuable upon the exercise of the BNP Warrants. *** Endeavour is the record owner of these securities but has delegated the power to vote and to acquire and dispose of such securities to PPM America. Page 43 of 44 -------------------------------------------------------------------------------- Group Member* Shares of Shares of Common Percentage of Common Stock Stock that May Be Common Stock that Owned of Deemed Beneficially May Be Deemed Record on Owned Beneficially Owned Closing Date -------------------------------------------------------------------------------- 14.A. KZH 3 2,433,940 2,433,940 1.3% -------------------------------------------------------------------------------- B. Moat Funding LLC 0 8,510,568 4.5% -------------------------------------------------------------------------------- C. Moat Funding Corp. 0 8,510,568 4.5% -------------------------------------------------------------------------------- D. Moat Funding Trust 0 8,510,568 4.5% -------------------------------------------------------------------------------- E. J H Holdings 0 8,510,568 4.5% Corporation -------------------------------------------------------------------------------- 15. TBH 11,100,740 11,100,740 5.9% -------------------------------------------------------------------------------- Total**** 155,521,955 155,548,877 82.2% -------------------------------------------------------------------------------- -------- **** Totals are not duplicative of shares beneficially owned by more than one person. Page 44 of 44