------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0362 Expires: December 31, 2001 Estimated average burden hours per response ....... 1.0 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [X] Check box if no longer subject to Section 16. Form 4 or Form 5 obli- gations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported ________________________________________________________________________________ 1. Name and Address of Reporting Person* Intercoastal Holdings L.L.C. -------------------------------------------------------------------------------- (Last) (First) (Middle) 760 U.S. Highway One -------------------------------------------------------------------------------- (Street) North Palm Beach Florida 33408 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol ObjectSoft Corporation (OSFT) ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year 12/2000 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [X] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by one Reporting Person [_] Form filed by more than one Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

5. 6. 4. Amount of Owner- Securities Acquired (A) or Securities ship Disposed of (D) Beneficially Form: 7. (Instr. 3, 4 and 5) Owned at End Direct Nature of 2. 3. ----------------------------- of Issuer's (D) or Indirect 1. Transaction Transaction (A) Fiscal Year Indirect Beneficial Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) (Instr. 8) (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.0001 per share 06/06/00 J(1) 1296,122 A (1) 96,122 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.0001 per share 06/0507/00 J(12) ~~125~~55,~~000~~898 A ~~259,583~~(2) 55,898 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.0001 per share 12/29/00 J(3) 490,000 A (3) 490,000 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

* If the form is filed by more than one Reporting Person, see Instruction 4(b)(v). (Over) SEC 2270 (3-99) FORM 5 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

9. 10. Number Owner- of ship 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- Securities Date Securities Price Bene- ity: In- cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Trans- of (D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship Security Secur- Day/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ ~~Option~~Series toG ~~Purchase~~Common ~~Imme-~~Preferred 2Stock (1) 12/1530/0199 J(1) 1500 03/30/00 (4) Stock (1) (1) 300 D ------------------------------------------------------------------------------------------------------------------------------------ Series A Warrants to Purchase Common Common Stock $8.7050 ~~diately~~12/29/00 J(3) 490,000 (5) (5) Stock 8122,~~333~~500 (3) 490,000 D ------------------------------------------------------------------------------------------------------------------------------------ ~~Option~~Series B Warrants to Purchase ~~Imme- 2/15/01~~ Common Common Stock $8.7060 ~~diately~~12/29/00 J(3) 490,000 (5) (5) Stock 8122,~~333~~500 (3) 490,000 D ------------------------------------------------------------------------------------------------------------------------------------ ~~Option~~Series C Warrants to Purchase ~~Imme- 2/15/01~~ Common Common Stock $13.5070 ~~diately~~12/29/00 J(3) 490,000 (5) (5) Stock 8122,~~333~~500 (3) 490,000 D ------------------------------------------------------------------------------------------------------------------------------------ ~~Option~~Series D Warrants to Purchase ~~Imme- 2/15/01~~ Common Common Stock $1.5075 ~~diately~~12/29/00 J(3) 490,000 (5) (5) Stock 23122,~~333~~500 (3) 490,000 D ------------------------------------------------------------------------------------------------------------------------------------ ~~Performance~~Warrants ~~Option~~ to Purchase ~~Imme-~~Common Common Stock $2.95625 12/530/0399 J(6) 12/30/99 12/29/04 Stock 25,000 (6) D ------------------------------------------------------------------------------------------------------------------------------------ Warrants to Purchase Common Common Stock $12.5095625 ~~diately~~12/30/99 J(46) 12/30/99 12/29/04 Stock ~~100~~25,000 (46) D ------------------------------------------------------------------------------------------------------------------------------------ ~~Warrant~~Warrants to Purchase ~~Imme-~~ Common Common Stock $02.7595625 12/0830/99 J(6) 02/01/00 A01/31/05 ~~100~~Stock 6,~~000~~250 ~~diately~~(6) D ------------------------------------------------------------------------------------------------------------------------------------ Warrants to Purchase Common Common Stock $2.95625 12/530/0399 J(6) 02/01/00 01/31/05 Stock ~~100~~6,~~000~~250 ~~248,332~~(6) D ====================================================================================================================================

Explanation of Responses: (1) On June 6, 2000, the Reporting Person converted 1200 of 1500 shares of Series G Preferred Stock received by the Reporting Person, as finders fees, pursuant to a purchase agreement dated December 30, 1999 by and among Cedar Trees Investments Ltd., Danby International Ltd., Garros Ltd., Hudson Venture Associates LLC, Roseworth Group Limited, Triton Private Equities Fund L.P. and Fairfield Homes Ltd. (the "Series G Preferred Stock Purchase Agreement"). The number of shares of Common Stock to be received by the Reporting Person upon the conversion of the remaining Series G Preferred Stock is dependent upon the market price of the Common Stock. Each share of the Series G Preferred Stock may be converted into Common Stock by dividing $100.00 by the lesser of (a) $2.6875 or (b) the average of the two lowest closing bid prices of the Common Stock during the 30 day trading period immediately preceding the conversion date. As a result of this formulation, the actual number of shares of Common Stock to be issued upon conversion of the Series G Preferred Stock cannot be determined at this time. (2) Pursuant to a private placement dated June 7, 2000, the Reporting Person received, as finders fees, 55,898 shares of Common Stock. (3) Pursuant to a purchase agreement dated December 29, 2000, by and among the Issuer and Warwick Corporation Ltd., Manchester Asset Management, Ltd., Aspen International, Ltd., Domino International, Ltd., Gilston Corporation, Ltd. and Magellan International, Ltd., the Reporting Person received, as finder's fees, 12.25 shares of Issuer's Series H Preferred Stock. Each share of the Series H Preferred Stock is convertible at a conversion price of $0.25 per share. Each unit consists of (i) one share of the Issuer's Common Stock and (ii) four warrants (Series A, B, C and D), each to purchase one-quarter of a share of the Issuer's common stock. The shares of Series H Preferred Stock may not be converted until the earlier of (x) March 29, 2001 and (y) the effective date of the Issuer's Form S-3 Registration Statement filed with the Securities and Exchange Commission on January 31, 2001. (4) In the event the Reporting Person has not exercised its conversion rights with respect to the shares of Series G Preferred Stock by December 29, 2001, such shares shall automatically be converted. (5) Each of the four types of warrants to be received upon conversion of the Series H Preferred Stock shall be exercisable from the date of issuance of the warrant until December 29, 2005. (6) Pursuant to the Series G Preferred Stock Purchase Agreement, the Reporting Person received, as finder's fees, four warrants to purchase 25,000, 25,000, 6,250 and 6,250 shares of Common Stock respectively. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Marilyn R. O'Leary April 3, 2001 ------------------------------------------- ------------------ **Signature of Reporting Person Date Intercoastal Holdings L.L.C. Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Page 2 SEC 2270 (3-99)

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