SC 13G 1 dsc13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Information to be Included in Statements Filed Pursuant to Rules 13d-1(b) (c) and (d) and Amendments thereto Filed Pursuant to Rule 13d-2(b) (Amendment No. )* STANDARD MICROSYSTEMS CORPORATION ------------------------------------------------------------ (Name of issuer) Common Stock ------------------------------------------------------------ (Title of class of securities) 853626-10-9 --------------------------------------- (CUSIP number) November 16, 2001 -------------------------------------------------------------- (Dates of Events which Require Filing of this Statement) Check the appropriate box to designate the rule pursuant to which the Schedule is filed [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) -------------------------- ---------------------- CUSIP NO. 853626-10-9 Page 2 of 17 Pages -------------------------- ---------------------- SCHEDULE 13G ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) J O Hambro Capital Management Limited No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 England ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 868,882 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 868,882 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 868,882 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 5.4% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON * 12 IA, CO ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! -------------------------- ---------------------- CUSIP NO. 853626-10-9 Page 3 of 17 Pages -------------------------- ---------------------- SCHEDULE 13G ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) J O Hambro Capital Management Group Limited No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 England ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 868,882 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 868,882 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 868,882 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 5.4% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON * 12 HC, CO ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! --------------------------- ---------------------- CUSIP No. 853626-10-9 Page 4 of 17 Pages --------------------------- ---------------------- SCHEDULE 13G ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) American Opportunity Trust plc No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 England ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 100,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 100,000 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 100,000 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 0.6% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IV, CO ------------------------------------------------------------------------------ * SEE INSTRUCTIONS BEFORE FILLING OUT! -------------------------- ---------------------- CUSIP No. 853626-10-9 Page 5 of 17 Pages ------------------------- ---------------------- SCHEDULE 13G ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) North Atlantic Smaller Companies Investment Trust plc No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 England ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 250,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 250,000 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 250,000 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 1.6% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IV, CO ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------- ------------------- CUSIP No. 853626-10-9 Page 6 of 17 Pages ------------------------- ------------------- SCHEDULE 13G ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Christopher Harwood Bernard Mills No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 England ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 868,882 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 868,882 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 868,882 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 5.4% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------- ------------------------ CUSIP No. 863626-10-9 Page 7 of 17 Pages ------------------------- ------------------------ SCHEDULE 12G ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Trident North Atlantic Fund No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 200,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 200,000 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 200,000 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 1.2% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IV, CO ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------- ------------------------ CUSIP No. 853626-10-9 Page 8 of 17 Pages ------------------------- ------------------------ SCHEDULE 13G ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Oryx International Growth Fund Limited No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Guernsey (Channel Islands) ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 75,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 75,000 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 75,000 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 0.5% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IV, CO ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------- ------------------------ CUSIP No. 853626-10-9 Page 9 of 17 Pages ------------------------- ------------------------ SCHEDULE 13G ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Consulta (Channel Islands) Limited No IRS Identification Number ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Guernsey (Channel Islands) ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 75,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 75,000 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 75,000 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 10 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 0.5% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IA, CO ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! STATEMENT ON SCHEDULE 13G ------------------------- This Statement on Schedule 13G (the "Statement") is filed on behalf of the parties to the Joint Filing Agreement (the "Filing Parties"), dated as of January 29, 2002 as filed with the Securities and Exchange Commission (the "SEC") pursuant to this Statement. Item 1(a). Name of Issuer: -------------- Standard Microsystems Corporation (the "Company") Item 1(b). Address of Issuer's Principal Executive Offices: ----------------------------------------------- 80 Arkay Drive Hauppauge, New York 11788 Item 2(a). Name of Person Filing. --------------------- This Statement is filed on behalf of the Filing Parties: 1. J O Hambro Capital Management Group Limited ("J O Hambro Group"), formerly named J O Hambro Capital Management (Holdings) Limited, is a corporation organized under the laws of England with its principal office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB England. J O Hambro Group functions as the ultimate holding company for J O Hambro Capital Management Limited. 2. J O Hambro Capital Management Limited ("J O Hambro Capital Management"), formerly named J O Hambro & Partners Limited, is a corporation organized under the laws of England with its principal office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB England. J O Hambro Capital Management is principally engaged in the business of investment management and advising. It serves as co-investment adviser to NASCIT and as investment adviser to Oryx as well as private clients. 3. Christopher Harwood Bernard Mills is a British citizen whose business address is Ryder Court, 14 Ryder Street, London SW1Y 6QB England. His principal employment includes service as executive director of NASCIT, as a director of J O Hambro Capital Management and Oryx, and as co-investment adviser to NASCIT. 4. North Atlantic Smaller Companies Investment Trust plc ("NASCIT"), formerly named Consolidated Venture Trust plc, is a corporation organized under the laws of England with its principal office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB England. NASCIT is a publicly-held investment trust company. Christopher Harwood Bernard Mills and J O Hambro Capital Management serve as co-investment advisers to NASCIT. Page 10 of 17 5. American Opportunity Trust plc ("American Opportunity Trust"), formerly named Leveraged Opportunity Trust plc, is a corporation organized under the laws of England with its principal office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB England. American Opportunity Trust is a publicly-held investment trust company. Christopher Harwood Bernard Mills and J O Hambro Capital Management serve as co-investment advisers to American Opportunity Trust. 6. Oryx International Growth Fund Limited ("Oryx") is a corporation organized under the laws of the Island of Guernsey with its principal office and business at Bermuda House, St. Julian's Avenue, St. Peter Port, Guernsey. Oryx is a closed-end investment company. J O Hambro Capital Management serves as investment adviser to Oryx and Consulta serves as investment manager to Oryx. 7. Consulta (Channel Islands) Limited ("Consulta") is a corporation organized under the laws of the Island of Guernsey with its principal office and business at Bermuda House, St. Julian's Avenue, St. Peter Port, Guernsey. Consulta is principally engaged in the business of investment management and advising and serving as investment manager to Oryx. 8. The Trident North Atlantic Fund ("Trident North Atlantic") is an open-ended investment Company incorporated in the Cayman Islands with its principal office and business at P.O. Box 309 Ugland House, George Town, Grand Cayman, Cayman Islands. Trident is a publicly-held regulated Mutual Fund. Christopher Harwood Bernard Mills serves as a director of Trident and J O Hambro Capital Management serves as an investment adviser to Trident. Item 2(b). Address of Principal Business Office or, if None, Residence: ----------------------------------------------------------- The principal business address of the Filing Parties is c/o J O Hambro Capital Management Limited, Ryder Court, 14 Ryder Street, London SW1Y 6QB England. Item 2(c). Citizenship: ----------- England Item 2(d). Title of Class of Securities: ---------------------------- Common Stock Item 2(e). CUSIP Number: ------------ 853626-10-9 Page 11 of 17 Item 3. If the statement is filed pursuant to Rules 13d-1(b) or ------------------------------------------------------- 13d-2(b), check whether the person filing is a: ---------------------------------------------- Not Applicable. Item 4. Ownership. --------- The aggregate number and percentage of the outstanding Common Stock of the Company beneficially owned by each of the Filing Parties are as follows:
Number Number of of Shares: Shares: Sole Aggregate Sole Number of or Shared Number of Power to Shares: Shared Power to Approximate Filing Party Shares: Vote Power to Vote Dispose Percentage* ---------------------------------------------------------------------------------------------------------------------- J O Hambro Group 868,882 0 868,882 868,882 5.4% J O Hambro Capital Management 868,882 0 868,882 868,882 5.4% Christopher H.B. Mills 868,882 0 868,882 868,882 5.4% American Opportunity Trust 100,000 0 100,000 100,000 0.6% Oryx 75,000 0 75,000 75,000 0.5% Consulta 75,000 0 75,000 75,000 0.5% Trident North Atlantic 200,000 0 200,000 200,000 1.2% NASCIT 250,000 0 250,000 250,000 1.6% ----------------------------------------------------------------------------------------------------------------------
* Based on 16,069,817 shares of Common Stock outstanding as of November 30, 2001, which is based on information reported in the Company's Quarterly Report on Form 10-Q for the period ended November 30, 2001. Item 5. Ownership of Five Percent or Less of a Class: --------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_]. Item 6. Ownership of More than Five Percent on Behalf of Another Person: ----------------------------------------------------------------- Page 12 of 17 As co-investment advisers to American Opportunity Trust, Christopher Harwood Bernard Mills and J O Hambro Capital Management share the right to transfer and vote the shares of Common Stock of the Company pursuant to an agreement dated as of January 7, 1993 between American Opportunity Trust and J O Hambro Capital Management. As investment manager for Oryx, Consulta has the right to transfer and vote the shares of Common Stock of the Company pursuant to an agreement dated as of February 16, 1995 between Oryx and Consulta. As investment adviser to Oryx, J O Hambro Capital Management has the right to transfer the shares of Common Stock of the Company pursuant to an agreement dated as of February 16, 1995 between J O Hambro Capital Management and Consulta. As investment manager for certain of its private clients, J O Hambro Capital Management has the right to transfer and vote the shares of Common Stock of the Company pursuant to either agreements or arrangements entered into with such private clients. Item 7. Identification and Classification of the Subsidiary Which Acquired ------------------------------------------------------------------ the Security Being Reported on by the Parent Holding Company: ------------------------------------------------------------- Not Applicable. Item 8. Identification and Classification of Members of the Group: --------------------------------------------------------- See Item 2(a). Item 9. Notice of Dissolution of Group: ------------------------------ Not Applicable. Item 10. Certification: ------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 13 of 17 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. Dated: January 29, 2002 J O HAMBRO CAPITAL MANAGEMENT LIMITED By: /S/ R.G. Barrett ------------------------------------ Name: R.G. Barrett Title: Director Executed on behalf of the parties hereto pursuant to the Joint Filing Agreement, as filed herewith. Page 14 of 17 JOINT FILING AGREEMENT Page 15 of 17 JOINT FILING AGREEMENT ---------------------- The undersigned hereby agree to the Statement on Schedule 13G to be dated January 29, 2002 with respect to the shares of common stock of Standard Microsystems Corporation, and any further amendments thereto executed by each or any of us shall be filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. Date: January 29, 2002 J O HAMBRO CAPITAL MANAGEMENT GROUP LIMITED By: /s/ R.G. Barrett --------------------------------------- Name: R.G. Barrett Title: Director Date: January 29, 2002 J O HAMBRO CAPITAL MANAGEMENT LIMITED By: /s/ R.G. Barrett --------------------------------------- Name: R.G. Barrett Title: Director Date: January 29, 2002 CHRISTOPHER H. B. MILLS By: /s/ Christopher H. B. Mills --------------------------------------- Name: Christopher H. B. Mills Date: January 29, 2002 NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC By: J O Hambro Capital Management Limited, Its investment advisor By: /s/ R.G. Barrett --------------------------------------- Name: R.G. Barrett Title: Director Page 16 of 17 Date: January 29, 2002 AMERICAN OPPORTUNITY TRUST PLC By: J O Hambro Capital Management Limited, Its investment advisor By: /s/ R.G. Barrett --------------------------------------- Name: R.G. Barrett Title: Director Date: January 29, 2002 ORYX INTERNATIONAL GROWTH FUND LIMITED By: J O Hambro Capital Management Limited, Its investment advisor By: /s/ R.G. Barrett --------------------------------------- Name: R.G. Barrett Title: Director Date: January 29, 2002 CONSULTA (CHANNEL ISLANDS) LIMITED By: /s/ R J Crowder --------------------------------------- Name: R J Crowder Title: Director Date: January 29, 2002 THE TRIDENT NORTH ATLANTIC FUND By: J O Hambro Capital Management Limited, Its investment advisor By: /s/ R.G. Barrett --------------------------------------- Name: R.G. Barrett Title: Director Page 17 of 17