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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
------------------------------
LEVEL 8 SYSTEMS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE 52729M102
(Title of class of securities) (CUSIP number)
MLBC, INC.
222 BROADWAY
NEW YORK, NEW YORK 10038
(Name, address and telephone number of person authorized
to receive notices and communications)
WITH A COPY TO:
HOWARD CHATZINOFF, ESQ.
S. WADE ANGUS, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
(212) 310-8000
JANUARY 3, 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.
(Continued on following pages)
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NY2:\1113952\05\NVJ405!.DOC\63080.0100
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CUSIP No. 52729M102 13D Page 2
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1 NAME OF REPORTING PERSON MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 13-5674085
OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------- ---------------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
----------------------- ---------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
----------------------- ---------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
- ------------- -------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
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14 TYPE OF REPORTING PERSON: BD, IA, CO
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2
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CUSIP No. 52729M102 13D Page 3
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1 NAME OF REPORTING PERSON MLBC, INC.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3433608
OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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7 SOLE VOTING POWER: 1,229,000
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------- ---------------------------------------------------------------------------------------
8 SHARED VOTING POWER: 7,534,286*
----------------------- ---------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 1,229,000
----------------------- ---------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,534,286*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 42.4%
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14 TYPE OF REPORTING PERSON: CO
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* See Item 5 of this Amendment No.1
3
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CUSIP No. 52729M102 13D Page 4
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1 NAME OF REPORTING PERSON MERRILL LYNCH & CO., INC.
S.S. OR I.R.S. IDENTIFICATION NO. 13-2740599
OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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7 SOLE VOTING POWER: Disclaimed (See 11 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------- ---------------------------------------------------------------------------------------
8 SHARED VOTING POWER: Disclaimed (See 11 below)
----------------------- ---------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: Disclaimed (See 11 below)
----------------------- ---------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: Beneficial ownership of all shares
disclaimed by Merrill Lynch & Co., Inc.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): Not applicable (See 11 above)
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14 TYPE OF REPORTING PERSON: CO, HC
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4
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CUSIP No. 52729M102 13D Page 5
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1 NAME OF REPORTING PERSON MERRILL LYNCH GROUP, INC.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3408201
OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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7 SOLE VOTING POWER: Disclaimed (See 11 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------- ---------------------------------------------------------------------------------------
8 SHARED VOTING POWER: Disclaimed (See 11 below)
----------------------- ---------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: Disclaimed (See 11 below)
----------------------- ---------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
- ------------- -------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: Beneficial ownership of all shares
disclaimed by Merrill Lynch Group, Inc.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): Not applicable (See 11 above)
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14 TYPE OF REPORTING PERSON: CO
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5
This Amendment No. 1 amends the Schedule 13D dated
September 8, 2000, and is filed by Merrill Lynch, Pierce, Fenner & Smith
Incorporated, MLBC, Inc., Merrill Lynch Group, Inc. and Merrill Lynch & Co.,
Inc. (collectively, the "Reporting Persons"), with respect to the common stock,
par value $0.001 per share ("Common Stock"), of Level 8 Systems, Inc. (the
"Company").
ITEM 2. IDENTITY AND BACKGROUND
Item 2 is amended as follows:
On November 29, 2001, Merrill Lynch, Pierce, Fenner & Smith
("MLPFS") transferred 1,000,000 shares of Common Stock to its affiliate, MLBC,
Inc. ("MLBC"), without consideration in exchange, pursuant to an Assignment
Agreement dated as of November 29, 2001.
MLBC is a wholly-owned subsidiary of Merrill Lynch Group,
Inc. ("MLG"). MLG is a wholly-owned subsidiary of Merrill Lynch & Co., Inc.
("Merrill Lynch"), a holding company that, through its subsidiaries and
affiliates, provides investment, financing, advisory, insurance and related
products and services on a global basis. An agreement among the Reporting
Persons with respect to the filing of this statement is attached hereto as
Exhibit 3.
MLBC's state of incorporation is Delaware. The address of
its principal business and its principal office is 222 Broadway, New York, New
York 10038.
MLG's state of incorporation is Delaware. The address of
its principal business and its principal office is 4 World Financial Center, New
York, New York 10080.
Merrill Lynch's state of incorporation is Delaware. The
address of its principal business and its principal office is 4 World Financial
Center, New York, New York 10080.
MLPFS ceased to be a Reporting Person on November 29, 2001,
when it no longer owned any shares of Common Stock.
The name, business address, present principal occupation or
employment, and citizenship of each director and executive officer of MLBC, MLG,
and Merrill Lynch are set forth on Schedule A, Schedule B and Schedule C
attached hereto, respectively.
During the last five years, none of the Reporting Persons,
nor to the best of their knowledge, any of the their directors and executive
officers have (i) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a result of
which such person 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 a violation with respect to such
laws.
This statement is being filed while the Reporting Persons
are still in the process of verifying all information required herein from their
respective directors and executive officers, including, without limitation, the
information required by this Item 2 and Item 5 of this Amendment No.1. If the
Reporting Persons obtain information concerning such individuals which would
6
cause a material change in the disclosure contained in this Amendment No.1, an
amendment to this statement will be filed that will disclose any such change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is supplemented as follows:
MLBC entered into a Purchase Agreement with the Company,
dated as of January 3, 2002 (the "Purchase Agreement"), whereby MLBC agreed to
purchase, subject to certain conditions, 250,000 shares of Common Stock. A copy
of the Purchase Agreement is filed herewith as Exhibit 1. The consideration paid
by MLBC to the Company for the 250,000 shares of Common Stock consisted of MLPFS
extending a software license agreement with the Company. The purchase of the
Common Stock by MLBC from the Company pursuant to the Purchase Agreement was
consummated on January 3, 2002.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is supplemented as follows:
MLBC acquired the shares of Common Stock of the Company as
an investment and holds the shares of Common Stock in the ordinary course of
business and, except as set forth herein, not with the purpose or effect of
changing the control of the Company.
MLBC intends to review its investment in the Company on a
regular basis and as a result of such review may at any time or from time to
time acquire additional securities of the Company or dispose of securities of
the Company, in each case, in open market transactions or otherwise.
In connection with its acquisition of shares of Common
Stock from MLPFS and pursuant to an assignment of MLPFS' rights related to its
ownership of shares of Common Stock, MLBC became party to a Stockholders'
Agreement dated as of August 23, 2000. Such Stockholders' Agreement has been
previously filed.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the close of business on January 3, 2002, MLBC owned an aggregate of
1,229,000 shares of Common Stock of the Company, representing approximately 7.4%
of the Common Stock outstanding on January 3, 2002, based on 16,260,559 shares
outstanding as of December 28, 2001 (as supplied by the Company's transfer
agent) plus the additional 250,000 shares issued by the Company on January 3,
2002.
The responses of the Reporting Persons to Rows (11) through
(13) of the cover pages of this Amendment No.1 are incorporated herein by
reference.
Merrill Lynch and MLG disclaim beneficial ownership of
shares of Common Stock beneficially owned by MLBC, which shares may be deemed to
be beneficially owned, for purposes of Section 13(d) of the Exchange Act, by
Merrill Lynch and MLG by virtue of Merrill Lynch and MLG being the direct or
indirect parent companies of MLBC.
7
(A) The filing of this Amendment No.1 shall not be construed as an admission by
either Merrill Lynch or MLG that it is, for purposes of Section 13(d) of the
Exchange Act, the beneficial owner of shares of the Common Stock held by MLBC.
Each of the Reporting Persons disclaims beneficial
ownership of shares of Common Stock beneficially owned by Liraz Systems Ltd.,
Liraz Export (1990) Ltd., Advanced Systems Europe B.V., Welsh, Carson, Anderson
& Stowe VI, L.P., WCAS Information Partners, L.P. and WCAS Capital Partners II,
L.P. (collectively, the "Company Stockholders"), which shares may be deemed to
be beneficially owned, for purposes of Section 13(d) of the Exchange Act, by the
Reporting Persons by virtue of MLBC and these stockholders of the Company being
party to a Stockholders Agreement, dated August 23, 2000. The Company
Stockholders beneficially own in the aggregate 6,305,286 shares of Common Stock
(based on the disclosures contained in the respective Schedules 13D and
amendments thereto) filed by the Company Stockholders through January 31, 2002.
Row 13 of the cover pages of this Amendment No.1 is calculated based on (i)
16,260,559 shares of Common Stock outstanding as of December 28, 2001 (as
supplied by the Company's transfer agent) plus (ii) the additional 250,000
shares issued by the Company on January 3, 2000 plus (iii) 1,239,032 shares
which may be issued upon conversion of Series A Preferred Stock, or exercise of
warrants, owned by the Company Stockholders based on the disclosures contained
in the respective Schedules 13D (and amendments thereto) filed by the Company
Stockholders through January 31, 2002. The filing of this Amendment No.1 shall
not be construed as an admission by any Reporting Person that it is, for
purposes of Section 13(d) of the Exchange Act, the beneficial owner of shares of
the Common Stock held by such other parties to the Stockholders Agreement.
(B) Neither the filing of this Amendment No.1, nor anything contained herein is
intended as, or should be construed as, an admission that either Merrill Lynch
or MLG is the "beneficial owner" of any shares of Common Stock.
(C) Neither the filing of this Amendment No.1, nor anything contained herein is
intended as, or should be construed as, an admission that any Reporting Person
is the "beneficial owner" of any shares of Common Stock of any other person
referenced in this Amendment No.1.
Except as disclosed in this Item 5(a), none of the
Reporting Persons, nor to the best knowledge of the Reporting Persons, any of
the directors or executive officers of the Reporting Persons beneficially owns
any shares of Common Stock.
(b) The responses of the Reporting Persons to (i) Rows (7) through (10) of the
cover pages of this Amendment No.1 and (ii) Item 5(a) hereof are incorporated by
reference.
Except as disclosed in this Item 5(b), none of the
Reporting Persons, nor to the best knowledge of the Reporting Persons, any of
the directors or executive officers of the Reporting Persons has the power to
vote, direct the voting of, dispose of or direct the disposition of any shares
of Common Stock which they may be deemed to beneficially own.
(c) The information set forth in Item 3 of this Amendment No.1 is hereby
incorporated by reference herein.
In addition to the transactions described in Item 2 and
Item 6 of this Amendment No. 1 (which are hereby incorporated by reference), on
January 1, 2002, MLBC transferred a total of 21,000 shares of Common Stock to
five former employees of Merrill Lynch pursuant to various professional service
8
agreements dated as of December 31, 2000 with such respective former employees.
Except as disclosed above and in Item 3 of this Amendment
No. 1, none of the Reporting Persons, nor, to the best knowledge of the
Reporting Persons, any of the directors or executive officers of the Reporting
Persons has effected any transaction in the Common Stock in the past 60 days,
other than transactions in the ordinary course of business effected by Merrill
Lynch or any of its affiliates on behalf of their respective customers,
including, without limitation, transactions effected by MLPFS in its capacity as
a broker-dealer.
(d) Not applicable.
(e) MLPFS ceased to be a Reporting Person as of November 29, 2001 when it no
longer owned any shares of Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
In addition to the Purchase Agreement, the Company and MLBC
entered into a Registration Rights Agreement (the "Registration Rights
Agreement"), dated January 3, 2002, pursuant to which the Company granted MLBC
certain rights to demand that the Company register under the Securities Act the
Common Stock owned by MLBC, and to allow MLBC to include such Common Stock in
any registration statement filed by the Company (other than on Form S-4 or S-8,
or any successor form thereto, for securities to be offered in a transaction of
the type referred to in Rule 145 of the Securities Act or to employees of the
Company pursuant to any employee benefit plan, respectively). A copy of the
Registration Rights Agreement is filed herewith as Exhibit 2.
The information set forth in Items 2, 3, 4 and 5(a) of this
Amendment No.1 is hereby incorporated by reference herein.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Purchase Agreement, dated January 3, 2002, between the
Company and MLBC (filed as an exhibit to the Form 8-K filed by the Company with
the SEC on January 11, 2002 and is hereby incorporated by reference herein).
2. Registration Rights Agreement, dated January 3, 2002,
between the Company and MLBC (filed as an exhibit to the Form 8-K filed by the
Company with the SEC on January 11, 2002 and is hereby incorporated by reference
herein).
3. Joint Filing Agreement by and between MLPFS, MLBC, MLG
and Merrill Lynch & Co., Inc., dated January 31, 2002.
9
SIGNATURES
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: January 31, 2002
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
By: /s/ Jonathan N. Santelli
----------------------------------------------
Name: Jonathan N. Santelli
Title: Assistant Secretary
MERRILL LYNCH GROUP, INC.
By: /s/ Andrew Quigley
----------------------------------------------
Name: Andrew Quigley
Title: Secretary
MERRILL LYNCH & CO., INC.
By: /s/ Jonathan N. Santelli
----------------------------------------------
Name: Jonathan N. Santelli
Title: Assistant Secretary
MLBC, INC.
By: /s/ Jonathan N. Santelli
----------------------------------------------
Name: Jonathan N. Santelli
Title: Assistant Secretary
10
SCHEDULE A TO AMENDMENT NO. 1
-----------------------------
NAMES OF DIRECTORS AND
EXECUTIVE OFFICERS OFFICE CITIZENSHIP BUSINESS ADDRESS
- ------------------ ------ ----------- ----------------
David W. Tralka Chairman of the Board and Director United States of 222 Broadway, 17th Fl.
America New York, NY 10038
James A. Koepke President and Director United States of 222 Broadway, 17th Fl.
America New York, NY 10038
Eric J. Mueller Vice President, Treasurer and United States of 222 Broadway, 17th Fl.
Director America New York, NY 10038
Karen R. Ryan Vice President and Director United States of 222 Broadway, 17th Fl.
America New York, NY 10038
Michael J. Troccoli Director United States of 222 Broadway, 17th Fl.
America New York, NY 10038
A-1
SCHEDULE B TO AMENDMENT NO. 1
-----------------------------
NAMES OF DIRECTORS AND
EXECUTIVE OFFICERS OFFICE CITIZENSHIP BUSINESS ADDRESS
- ------------------ ------ ----------- ----------------
John C. Stomber President, Treasurer and Director United States of 4 World Financial Center, 32nd Fl.
America New York, NY 10080
D. Kevin Dolan Vice President and Director United States of 4 World Financial Center, 32nd Fl.
America New York, NY 10080
John Fosina Vice President and Director United States of 4 World Financial Center, 32nd Fl.
America New York, NY 10080
Katherine Hudson Zrike Vice President and Director United States of 4 World Financial Center, 32nd Fl.
America New York, NY 10080
B-1
SCHEDULE C TO AMENDMENT NO. 1
-----------------------------
NAMES OF DIRECTORS AND
EXECUTIVE OFFICERS OFFICE CITIZENSHIP BUSINESS ADDRESS
- ------------------ ------ ----------- ----------------
David H. Komansky Chairman of the Board, Chief United States of 4 World Financial Center, 32nd Fl.
Executive Officer and Director America New York, NY 10080
E. Stanley O'Neal President, Chief Operating United States of 4 World Financial Center, 32nd Fl.
Officer and Director America New York, NY 10080
Stephen L. Hammerman Vice Chairman of the Board and United States of 4 World Financial Center, 32nd Fl.
Director America New York, NY 10080
W. H. Clark Director United States of c/o Corporate Secretary's Office
America 222 Broadway, 17th Fl.
New York, N.Y. 10038
Jill K. Conway Director United States of c/o Corporate Secretary's Office
America 222 Broadway, 17th Fl.
New York, N.Y. 10038
George B. Harvey Director United States of c/o Corporate Secretary's Office
America 222 Broadway, 17th Fl.
New York, N.Y. 10038
Robert P. Luciano Director United States of c/o Corporate Secretary's Office
America 222 Broadway, 17th Fl.
New York, N.Y. 10038
Heinz-Joachim Neuburger Director Germany c/o Corporate Secretary's Office
222 Broadway, 17th Fl.
New York, N.Y. 10038
David K. Newbigging Director United Kingdom c/o Corporate Secretary's Office
222 Broadway, 17th Fl.
New York, N.Y. 10038
Aulana L. Peters Director United States of c/o Corporate Secretary's Office
America 222 Broadway, 17th Fl.
New York, N.Y. 10038
John J. Phelan, Jr. Director United States of c/o Corporate Secretary's Office
America 222 Broadway, 17th Fl.
New York, N.Y. 10038
Joseph W. Prueher Director United States of c/o Corporate Secretary's Office
America 222 Broadway, 17th Fl.
New York, N.Y. 10038
Rosemary T. Berkery Executive Vice President United States of 4 World Financial Center, 32nd Fl.
America New York, NY 10080
Thomas W. Davis Executive Vice President United States of 4 World Financial Center, 8th Fl.
America New York, NY 10080
Barry S. Friedberg Executive Vice President United States of 4 World Financial Center, 32nd Fl.
America New York, NY 10080
James P. Gorman Executive Vice President Australia 4 World Financial Center, 32nd Fl.
New York, NY 10080
Jerome P. Kenney Executive Vice President United States of 4 World Financial Center, 32nd Fl.
America New York, NY 10080
C-1
NAMES OF DIRECTORS AND
EXECUTIVE OFFICERS OFFICE CITIZENSHIP BUSINESS ADDRESS
- ------------------ ------ ----------- ----------------
Michael J.P. Marks Executive Vice President United Kingdom MLFC Main
2 King Edward Street, 5th Fl.
London, UK EC1A 1HQ
John A. McKinley, Jr. Executive Vice President (and United States of 4 World Financial Center, 32nd Fl.
Chief Technology Officer) America New York, NY 10080
Thomas H. Patrick Executive Vice President (and United States of 4 World Financial Center, 32nd Fl.
Chief Financial Officer) America New York, NY 10080
Paul D. Roy Executive Vice President United Kingdom MLFC Main
2 King Edward Street, 2nd Fl.
London, UK EC1A 1HQ
Arshad R. Zakaria Executive Vice President United States of 4 World Financial Center, 8th Fl.
America New York, NY 10080
C-2
EXHIBIT INDEX
Exhibit No.
- -----------
Exhibit 1 Purchase Agreement, dated January 3, 2002, between the Company
and MLBC (filed as an exhibit to the Form 8-K filed by the
Company with the SEC on January 11, 2002 and is hereby
incorporated by reference herein).
Exhibit 2 Registration Rights Agreement, dated January 3, 2002, between
the Company and MLBC (filed as an exhibit to the Form 8-K
filed by the Company with the SEC on January 11, 2002 and is
hereby incorporated by reference herein).
Exhibit 3 Joint Filing Agreement by and between Merrill Lynch, Pierce,
Fenner & Smith Incorporated, MLBC, Inc., Merrill Lynch Group,
Inc. and Merrill Lynch & Co., Inc., dated January 31, 2002.