<SEC-DOCUMENT>0001144204-16-076941.txt : 20160126
<SEC-HEADER>0001144204-16-076941.hdr.sgml : 20160126
<ACCEPTANCE-DATETIME>20160126123328
ACCESSION NUMBER:		0001144204-16-076941
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160126
DATE AS OF CHANGE:		20160126
GROUP MEMBERS:		ANSHUMAN DUBE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OXIS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000109657
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				941620407
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-32837
		FILM NUMBER:		161360686

	BUSINESS ADDRESS:	
		STREET 1:		4830 W KENNEDY BLVD
		STREET 2:		SUITE 600
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33609
		BUSINESS PHONE:		(800) 304-9888

	MAIL ADDRESS:	
		STREET 1:		4830 W KENNEDY BLVD
		STREET 2:		SUITE 600
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33609

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DDI PHARMACEUTICALS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIAGNOSTIC DATA INC /DE/
		DATE OF NAME CHANGE:	19850312

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Theorem Group, LLC
		CENTRAL INDEX KEY:			0001484336
		IRS NUMBER:				203192094
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		2049 CENTURY PARK EAST, SUITE 3630
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 551-4020

	MAIL ADDRESS:	
		STREET 1:		2049 CENTURY PARK EAST, SUITE 3630
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>v429659_sc13da.htm
<DESCRIPTION>AMENDED SCHEDULE 13D
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13D/A</B><BR>
<B>(Amendment No. 2)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Under the Securities Exchange Act of
1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">OXIS INTERNATIONAL, INC.</P>

<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Common Stock, $0.001 Par Value Per Share</P>

<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">691829402</P>

<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Anshuman Dube</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Theorem Group, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">315 S. Beverly Drive, Suite 502</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Beverly Hills, California 90212</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(310) 500,2155</P>

<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name, Address and Telephone Number of Person
Authorized to Receive Notice and Communications)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">January 8, 2016</P>

<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Date of Event Which Requires Filing of
this Statement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 &sect;&sect;240.13d&ndash;1(e),
240.13d&ndash;1(f) or 240.13d&ndash;1(g), check the following box. <FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d&ndash;7 for other parties to whom copies are to
be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information required on the remainder of this cover page
shall not be deemed to be &ldquo;filed&rdquo; for the purpose of section 18 of the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD COLSPAN="11" STYLE="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">CUSIP No. 691829402</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="border-top: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">1.&#9;Names of Reporting
Persons.&nbsp;</P></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">&#9;Theorem Group, LLC</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">2.&#9;Check the Appropriate Box if a Member of a Group (See Instructions)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="3" style="padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">&#9;(a) <font style="font-family: Wingdings">o</font></td>
    <td colspan="8">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="3" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">&#9;(b) <font style="font-family: Wingdings">o</font></td>
    <td colspan="8" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">3.&#9;SEC Use Only</td>
    <td colspan="7" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt">&ensp;&ensp;&ensp;&ensp;&ensp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">4.&#9;Source of Funds (See Instructions)</td>
    <td colspan="6" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="10" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">5.&#9;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</td>
    <td style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="6" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">6.&#9;Citizenship or Place of Organization</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">California</td></tr>
<tr>
    <td colspan="2" rowspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Number of Shares</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Beneficially Owned by</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Each Reporting<br> Person With</P></td>
    <td colspan="4" style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">7.&#9;Sole Voting Power</td>
    <td colspan="5" style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">2,096,480(1)(2)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">8.&#9;Shared Voting Power</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">0</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">9.&#9;Sole Dispositive Power</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">2,096,480(1)(2)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">10.&#9;Shared Dispositive Power</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">0</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="8" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">11.&#9;Aggregate Amount Beneficially Owned by Each Reporting Person</td>
    <td colspan="3" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.0in; font-size: 10pt">2,096,480(1)(2)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="9" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">12.&#9;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)</td>
    <td colspan="2" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="7" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.0in; font-size: 10pt; text-indent: -0.5in">13.&#9;Percent of Class Represented by Amount in Row (11)</td>
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.0in; font-size: 10pt">9.9%(2)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="border-bottom: Black 1pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">14.&#9;Type of Reporting Person (See Instructions)</td></tr>
<tr>
    <td>&nbsp;</td>
    <td style="width: 42px">&nbsp;</td>
    <td style="width: 35px">&nbsp;</td>
    <td style="width: 44px">&nbsp;</td>
    <td style="width: 133px">&nbsp;</td>
    <td style="width: 9px">&nbsp;</td>
    <td style="width: 97px">&nbsp;</td>
    <td style="width: 80px">&nbsp;</td>
    <td style="width: 71px">&nbsp;</td>
    <td style="width: 9px">&nbsp;</td>
    <td>&nbsp;</td></tr>
</table>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">(1)</TD><TD>Theorem Group, LLC (&ldquo;<U>Theorem Group</U>&rdquo;) owns of record 2,096,480 shares of common stock, $0.01 par value per
share, of the Issuer. Theorem Group also holds convertible promissory notes of the Issuer that are convertible into a total of
1,096,244 shares of Issuer common stock and owns of record 12,500 shares of Series&nbsp;H Convertible Preferred Stock (&ldquo;<U>Series&nbsp;H
Preferred Stock</U>&rdquo;) of the Issuer, which shares are each convertible into 0.4 share of common stock of the Issuer, or a
total of 5,000 shares of Issuer common stock. The number of shares of common stock issuable upon conversion of the Series&nbsp;H
Preferred Stock and related information in this Amendment reflects a 1-for-250 reverse stock split purportedly effected by the
Issuer in December 2015. The holders of Series&nbsp;H Preferred Stock are entitled to cast with respect to the election of directors
of the Issuer and all other matters submitted to a vote of the stockholders of the Issuer the number of votes equal to the number
of shares of common stock issuable upon conversion of such share multiplied by 100, or 40 votes per share of Series&nbsp;H Preferred
Stock. Under the terms of the convertible promissory notes, Theorem Group is prohibited from converting the notes if, following
such conversion, Theorem Group would own beneficially more than 4.99% of the outstanding shares of Issuer common stock. The shares
of Series&nbsp;H Preferred Stock cannot be converted into shares of Issuer common stock if, following such conversion, Theorem
Group would own more than 9.99% of the outstanding shares of Issuer common stock. As a result of these conversion limitations,
the convertible promissory notes and Series&nbsp;H Preferred Stock held by Theorem Group are not convertible at present.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">(2)</TD><TD>Based upon 20,997,004 outstanding shares of Issuer common stock. and assumes no conversion of any of the convertible promissory
notes or the Series&nbsp;H Preferred Stock held by Theorem Group. Theorem Group and the Issuer have agreed that all of the convertible
promissory notes and Series&nbsp;H Preferred Stock held by Theorem Group will be converted into shares of Issuer common stock upon
and subject to the Issuer&rsquo;s successful completion of a financing of at least $6 million as described in Item 4 of this Amendment.</TD></TR></TABLE>


<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD COLSPAN="11" STYLE="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">CUSIP No. 691829402</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="border-top: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">1.&#9;Names of Reporting
Persons.&nbsp;</P></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">&#9;Anshuman Dube</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">2.&#9;Check the Appropriate Box if a Member of a Group (See Instructions)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="3" style="padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">&#9;(a) <font style="font-family: Wingdings">o</font></td>
    <td colspan="8">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="3" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">&#9;(b) <font style="font-family: Wingdings">o</font></td>
    <td colspan="8" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">3.&#9;SEC Use Only</td>
    <td colspan="7" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">4.&#9;Source of Funds (See Instructions)</td>
    <td colspan="6" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="10" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">5.&#9;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</td>
    <td style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="6" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">6.&#9;Citizenship or Place of Organization</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">United States of America</td></tr>
<tr>
    <td colspan="2" rowspan="4" style="border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Number of Shares</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Beneficially Owned by</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Each
        Reporting</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Person With</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></td>
    <td colspan="4" style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">7.&#9;Sole Voting Power</td>
    <td colspan="5" style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">2,096,480(1)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">8.&#9;Shared Voting Power</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">0</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">9.&#9;Sole Dispositive Power</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">2,096,480(1)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">10.&#9;Shared Dispositive Power</td>
    <td colspan="5" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="8" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">11.&#9;Aggregate Amount Beneficially Owned by Each Reporting Person</td>
    <td colspan="3" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">2,096,480(1)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="9" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">12.&#9;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)</td>
    <td colspan="2" style="border-bottom: black 1.5pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="7" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; padding-left: 0.5in; font-size: 10pt; text-indent: -0.5in">13.&#9;Percent of Class Represented by Amount in Row (11)</td>
    <td colspan="4" style="border-bottom: black 1.5pt solid; padding-top: 4.8pt; padding-bottom: 4.8pt; font-size: 10pt">9.9%</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">14.&#9;Type of Reporting Person
        (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.5in">&#9;IN</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"></P></td></tr>
<tr>
    <td>&nbsp;</td>
    <td style="width: 56px">&nbsp;</td>
    <td style="width: 64px">&nbsp;</td>
    <td style="width: 57px">&nbsp;</td>
    <td style="width: 57px">&nbsp;</td>
    <td style="width: 57px">&nbsp;</td>
    <td style="width: 57px">&nbsp;</td>
    <td style="width: 57px">&nbsp;</td>
    <td style="width: 57px">&nbsp;</td>
    <td style="width: 57px">&nbsp;</td>
    <td>&nbsp;</td></tr>
</table>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">(1)</TD><TD>Represents shares beneficially owned by Theorem Group, of which Mr. Dube is the sole Managing Director and, as such, is deemed
to beneficially own such shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">ITEM 1.</TD><TD STYLE="text-align: justify">SECURITY AND ISSUER.</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Amendment No. 2 (this &ldquo;<U>Amendment</U>&rdquo;)
relates to the Schedule 13D filed with the Securities and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;) on February
19, 2010, as amended by Amendment No. 1 filed with the Commission on March 29, 2011 (as so amended, the &ldquo;<U>Schedule&nbsp;13D</U>&rdquo;)
by Theorem Group, LLC, a California limited liability company (&ldquo;<U>Theorem Group</U>&rdquo;), and Anshuman Dube, the Managing
Director of Theorem Group, with respect to the common stock, par value $0.001 per share of Oxis International, Inc., a Delaware
corporation (the &ldquo;<U>Issuer</U>&rdquo;). Theorem Group and Mr. Dube are sometimes referred to collectively herein as the
&ldquo;<U>Reporting Persons</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">ITEM 4.</TD><TD STYLE="text-align: justify">PURPOSE OF TRANSACTION.</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Item 4 of the Schedule 13D is hereby amended
and supplemented by the following information:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Restructuring Agreements</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As previously reported by the Issuer, effective
January 8, 2016, the Issuer entered in various agreements with its security holders to effect the recapitalization of the Issuer.
As part of the recapitalization, Theorem Group entered into with the Issuer and other security holders of the Issuer a warrant
exercise agreement under which Theorem Group exercised on January 8, 2016 on a &ldquo;net&rdquo; cashless exercise basis warrants
to purchase capital stock of the Issuer and received a total of 2,096,480 shares of common stock of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Theorem Group also entered into with the
Issuer and other security holders of the Issuer a note conversion agreement under which Theorem agrees to convert all of the convertible
promissory notes of the Issuer held by Theorem Group into a total of 1,096,244 shares of Issuer common stock and a preferred stock
exchange agreement under which Theorem Group agrees to exchange 12,500 shares of Series&nbsp;H Convertible Preferred Stock of the
Issuer held by Theorem Group for 2,001,346 shares of common stock of the Issuer, in each case, upon and subject to the Issuer&rsquo;s
successful completion of a financing of not less than $6 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The preferred stock exchange agreement provides
that, during the one-year period immediately following the closing (as defined in the preferred stock exchange agreement), Theorem
Group may not sell any shares of common stock of the Issuer in excess of the following limitations: (a) on any one day, the number
of shares of Issuer common stock equal to 10% of the Issuer&rsquo;s trading volume for the immediately preceding trading day; and
(b) in any 22 trading day period, the number of shares of the Issuer common stock equal to 10% of the Issuer&rsquo;s trading volume
for such 22 trading day period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The warrant exercise agreement, the note
conversion agreement and the preferred stock exchange agreement are set forth as Exhibits 10.1, 10.2 and 10.3, respectively, to
the Issuer&rsquo;s Current Report on Form&nbsp;8-K filed with the Commission on January&nbsp;8, 2016 and are hereby incorporated
herein by reference. The foregoing descriptions are qualified in their entirety by the text of the warrant exercise agreement,
the note conversion agreement and preferred stock exchange agreement, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except as described in this Item&nbsp;4,
the Reporting Persons have no plan or arrangement with respect to the matters called for in Item&nbsp;4 of Schedule&nbsp;13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">ITEM 6.</TD><TD STYLE="text-align: justify">CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The disclosures in Item 4 above are hereby
incorporated by reference into this Item 6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">ITEM 7.</TD><TD STYLE="text-align: justify">MATERIAL TO BE FILED AS EXHIBITS.</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The warrant exercise agreement, the note
conversion agreement and the preferred stock exchange agreement are hereby incorporated herein by reference to Exhibits 10.1, 10.2
and 10.3, respectively, to the Issuer&rsquo;s Current Report on Form 8-K filed with the Commission on January 8, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">After reasonable inquiry and to the best
of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Dated: January 26, 2016</td>
    <td style="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">THEOREM GROUP, LLC</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&#9;By:&#9;<u>/s/ ANSHUMAN DUBE&#9;</u></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&#9;&#9;Anshuman Dube, Managing Director</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Dated: January 26, 2016</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-decoration: underline"><u>/s/ ANSHUMAN DUBE&#9;</u></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Anshuman Dube</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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