sc13d_1326497.htm

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
 
(Amendment No. __)*
 
 
NovaDel Pharma Inc.
(Name of Issuer)
 
 
Common Stock
(Title of Class of Securities)
 
66986X 10 6
(CUSIP Number)
 
Jay Moorin
ProQuest Investments
90 Nassau Street, 5th Floor
Princeton, NJ 08542-4520
(781) 762-0123
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
 
October 17, 2008
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ý
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
* 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.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) 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).
 

 
 
 

CUSIP No. 66986X 10 6
13D
Page  2 of 14 Pages



1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
ProQuest Investments II, L.P.                         22-3764772
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
6,782,857*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
6,782,857*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,782,857*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.2%
14.
TYPE OF REPORTING PERSON
PN
* Includes 3,172,129 shares issuable upon conversion of convertible notes, 1,049,123 shares subject to currently exercisable warrants and 1,298,858 shares subject to outstanding warrants that will become exercisable on April 17, 2009.

 
 
 

CUSIP No. 66986X 10 6
13D
Page 3 of 14 Pages



1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
ProQuest Investments II Advisors Fund, L.P.                         22-3784567
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
163,285*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
163,285*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,285*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.3%
14.
TYPE OF REPORTING PERSON
PN
* Includes 76,365 shares issuable upon conversion of convertible notes, 25,255 shares subject to currently exercisable warrants and 31,268 shares subject to outstanding warrants that will become exercisable on April 17, 2009.

 
 
 

CUSIP No. 66986X 10 6
13D
Page 4 of 14 Pages



1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
ProQuest Associates II LLC                        22-3764735
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
6,496,142*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
6,496,142*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,496,142*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5%
14.
TYPE OF REPORTING PERSON
CO
* Includes 3,248,494 shares issuable upon conversion of convertible notes, 1,074,378 shares subject to currently exercisable warrants and 1,330,126 shares subject to outstanding warrants that will become exercisable on April 17, 2009.

 
 
 

CUSIP No. 66986X 10 6
13D
Page 5 of 14 Pages



1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
ProQuest Investments III, L.P.                         20-0992411
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
26,720,188*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
26,720,188*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,720,188*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.4%
14.
TYPE OF REPORTING PERSON
PN
* Includes 12,496,187 shares issuable upon conversion of convertible notes, 4,132,892 shares subject to currently exercisable warrants and 5,116,683 shares subject to outstanding warrants that will become exercisable on April 17, 2009.

 
 
 

CUSIP No. 66986X 10 6
13D
Page 6 of 14 Pages



1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
ProQuest Associates III LLC                        20-0992451
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
26,720,188*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
26,720,188*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,720,188*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.4%
14.
TYPE OF REPORTING PERSON
CO
* Includes 12,496,187 shares issuable upon conversion of convertible notes, 4,132,892 shares subject to currently exercisable warrants and 5,116,683 shares subject to outstanding warrants that will become exercisable on April 17, 2009.

 
 
 

CUSIP No. 66986X 10 6
13D
Page 7 of 14 Pages



1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Jay Moorin
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
33,666,330*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
33,666,330*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,666,330*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.2%
14.
TYPE OF REPORTING PERSON
IN
* Includes 15,744,681 shares issuable upon conversion of convertible notes, 5,207,270 shares subject to currently exercisable warrants and 6,446,809 shares subject to outstanding warrants that will become exercisable on April 17, 2009.

 
 
 

CUSIP No. 66986X 10 6
13D
Page 8 of 14 Pages



1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Alain Schreiber
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
United States Resident Alien
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
33,666,330*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
33,666,330*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,666,330*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.2%
14.
TYPE OF REPORTING PERSON
IN
* Includes 15,744,681 shares issuable upon conversion of convertible notes, 5,207,270 shares subject to currently exercisable warrants and 6,446,809 shares subject to outstanding warrants that will become exercisable on April 17, 2009.

 
 
 

CUSIP No. 66986X 10 6
13D
Page 9 of 14 Pages

 
  Item 1.  
Security and Issuer.

This Schedule 13D relates to Common Stock, par value $0.001 per share (the “Common Stock”), issued by NovaDel Pharma Inc. (the “Issuer”). The Issuer’s principal executive office is located at 25 Minneakoning Road, Flemington, New Jersey 08822.

  Item 2.  
Identity and Background.

 
(a)-(c)
ProQuest Investments II, L.P. (“Investments II”) is a Delaware limited partnership with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542.
     
   
ProQuest Investments II Advisors Funds, L.P. (“Advisors Fund”) is a Delaware limited partnership with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542.
     
   
ProQuest Associates II LLC (“Associates II”) is a Delaware limited liability company and the general partner of Investments II and Advisors Fund, with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542.
     
   
ProQuest Investments III, L.P. (“Investments III”) is a Delaware limited partnership with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542.
     
   
ProQuest Associates III LLC (“Associates III”) is a Delaware limited liability company and the general partner of Investments III, with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542.
     
   
Jay Moorin (“Moorin”) is an individual and Managing Member of Associates II and Associates III. The principal business address for Jay Moorin is c/o ProQuest Investments, 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542.
     
   
Alain Schreiber (“Schreiber”) is an individual and Managing Member of Associates II and Associates III. The principal business address for Alain Schreiber is c/o ProQuest Investments, 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542.
     
 
(d)
During the last five years, none of Investments II, Advisors Fund, Associates II, Investments III, Associates III, Moorin or Schreiber have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
     
 
(e)
During the last five years, none of Investments II, Advisors Fund, Associates II, Investments III, Associates III, Moorin or Schreiber have
 
 
 
 

CUSIP No. 66986X 10 6
13D
Page 10 of 14 Pages

 
   
been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
     
 
(f)
Investments II, Advisors Fund and Investments III are Delaware limited partnerships. Associates II and Associates III are Delaware limited liability companies. Moorin is a United States citizen.  Schreiber is a United States resident alien.

  Item 3.  
Source and Amount of Funds or Other Consideration.

As of May 6, 2008, the Reporting Persons owned 6,267,570 shares of Common Stock and warrants to purchase 2,207,270 shares of Common Stock (shares issuable upon exercise of warrants are referred to as “warrant shares”) as follows:  Investments II directly owned 1,262,747 shares and 444,704 warrant shares; Advisors Fund directly owned 30,397 shares and 10,704 warrant shares; Associates II indirectly owned 1,293,144 shares and 455,408 warrant shares; Investments III directly, and Associates III indirectly, owned 4,974,426 shares and 1,751,862 warrant shares; and each of Moorin and Schreiber indirectly owned 6,267,570 shares and 2,207,270 warrant shares. On May 6, 2008, Investments II, Advisors Fund and Investments III entered into a Securities Purchase Agreement with the Issuer pursuant to which they agreed to purchase up to $4,000,000 of secured convertible notes (the “Convertible Notes”), and accompanying warrants (the “Warrants”) in two separate closings.  On May 30, 2008, the initial closing occurred and Investments II acquired 1,007,365 shares issuable upon the conversion of Convertible Notes and 604,419 warrant shares; Advisors Fund acquired 24,251 shares issuable upon the conversion of Convertible Notes and 14,551 warrant shares; and Investments III acquired 3,968,384 shares issuable upon the conversion of Convertible Notes and 2,381,030 warrant shares.  These acquisitions were financed by working capital.

On October 17, 2008, the second closing occurred and Investments II acquired 2,164,764 shares issuable upon the conversion of Convertible Notes and 1,298,858 warrant shares; Advisors Fund acquired 52,114 shares issuable upon the conversion of Convertible Notes and 31,268 warrant shares; and Investments III acquired 8,527,803 shares issuable upon the conversion of Convertible Notes and 5,116,683 warrant shares.  These acquisitions were financed by working capital.

  Item 4.  
Purpose of Transaction.

The Reporting Persons do not at the present time have any plans or proposals which relate to or would result in:
 
 
(a)
The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer, except the acquisition of shares underlying warrants directly or indirectly owned by him as of the date hereof;
 
(b)
An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
 
 
 
 

CUSIP No. 66986X 10 6
13D
Page 11 of 14 Pages

 
 
(c)
A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
 
(d)
Any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board;
 
(e)
Any material change in the present capitalization or dividend policy of the Issuer;
 
(f)
Any other material change in the Issuer’s business or corporate structure;
 
(g)
Changes in the Issuer’s Certificate of Incorporation, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;
 
(h)
Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
 
(i)
A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or
 
(j)
Any action similar to any of those enumerated above.
 
Item 5.  Interest in Securities of the Issuer.
 
As of the date hereof and as more fully described in Item 3 above, the Reporting Persons may be deemed to be the direct and indirect beneficial owners of an aggregate of  6,267,570 shares of Common Stock; an aggregate of 15,744,681 shares issuable upon conversion of Convertible Notes; 5,207,270 currently exercisable warrant shares; and 6,446,809 warrant shares subject to warrants that will become exercisable on April 17, 2009, over all of which securities they have shared voting and shared dispositive power.

The 33,666,330 shares of Common Stock beneficially owned by the Reporting Persons represent 38.2% of the issued and outstanding shares of Common Stock based on 60,692,260 shares of Common Stock outstanding as of November 1, 2008 as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2008.  Of such 33,666,330 shares, 6,782,857, or 10.2%, are beneficially owned by Investments II; 163,285, or .3%, are beneficially owned by Advisors Fund; 6,946,142, or 10.5%, are beneficially owned by Associates II; 26,720,188, or 32.4%, are beneficially owned by Investments III and by Associates III; and 33,666,330, or 38.2%, are beneficially owned by Moorin and Schreiber.

The following sets forth certain information regarding all transactions in the Common Stock that were effected by the Reporting Persons during the past sixty days:

Entity
Date
Amount Bought (Sold)
Price Per Security
Where and How
Effected
Investments II
10/17/2008
2,164,764 shares underlying Convertible Notes
*
Private placement from Issuer
Advisors Fund
10/17/2008
52,114 shares underlying Convertible Notes
*
Private placement from Issuer
Investments III
10/17/2008
8,527,803 shares underlying Convertible Notes
*
Private placement from Issuer
 
 
 
 

CUSIP No. 66986X 10 6
13D
Page 12 of 14 Pages


Investments II
10/17/2008
1,298,858 warrant shares
*
Private placement from Issuer
Advisors Fund
10/17/2008
31,268 warrant shares
*
Private placement from Issuer
Investments III
10/17/2008
5,116,683 warrant shares
*
Private placement from Issuer
*The Reporting Persons paid an aggregate of $2,525,000 for the convertible notes and warrants.

  Item 6.  
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

None.

  Item 7.  
Material to be Filed as Exhibits.

 
Exhibit No.
Description
     
 
4.1
Form of Convertible Note  (incorporated by reference to Exhibit 4.1 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
4.2
Form of Warrant  (incorporated by reference to Exhibit 4.2 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
10.1
Securities Purchase Agreement, dated May 6, 2008, by and among the Company, ProQuest Investments II, L.P., ProQuest Investments II Advisors Fund, L.P. and ProQuest Investments III, L.P. (incorporated by reference to Exhibit 10.1 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
10.2
Amendment No. 1 to the Securities Purchase Agreement, dated May 28, 2008, by and among the Company, ProQuest Investments II, L.P., ProQuest Investments II Advisors Fund, L.P. and ProQuest Investments III, L.P. (incorporated by reference to Exhibit 10.2 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
24.1
Power of Attorney.
     
 
99.1
Joint Filing Agreement, dated December 23, 2008, between ProQuest Investments II, L.P., ProQuest Investments II Advisors Fund, L.P., ProQuest Associates II LLC, ProQuest Investments III, L.P., ProQuest Associates III LLC, Jay
Moorin and Alain Schreiber relating to the filing of a joint statement on Schedule 13D.
 
 
 
 
 

CUSIP No. 66986X 10 6
13D
Page 13 of 14 Pages



SIGNATURES
 
After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct.


DATED:  December 23, 2008
      
      /s/ Pasquale DeAngelis
     
Pasquale DeAngelis, as a member of ProQuest Associates III LLC and on behalf of ProQuest Investments III, L.P., and as a member of ProQuest Associates II LLC and on behalf of ProQuest Investments II, L.P. and ProQuest Investments II Advisors Fund, L.P.
       
     
 
*
     
Jay Moorin, individually
     
 
*
     
Alain Schreiber, individually


     
*By: 
  /s/ Pasquale DeAngelis      
 
Pasquale DeAngelis, Attorney-in-Fact
      



 
 
 

CUSIP No. 66986X 10 6
13D
Page 14 of 14 Pages


 
Exhibit Index
 
 
Exhibit No.
Description
     
 
4.1
Form of Convertible Note  (incorporated by reference to Exhibit 4.1 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
4.2
Form of Warrant  (incorporated by reference to Exhibit 4.2 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
10.1
Securities Purchase Agreement, dated May 6, 2008, by and among the Company, ProQuest Investments II, L.P., ProQuest Investments II Advisors Fund, L.P. and ProQuest Investments III, L.P. (incorporated by reference to Exhibit 10.1 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
10.2
Amendment No. 1 to the Securities Purchase Agreement, dated May 28, 2008, by and among the Company, ProQuest Investments II, L.P., ProQuest Investments II Advisors Fund, L.P. and ProQuest Investments III, L.P. (incorporated by reference to Exhibit 10.2 of Current Report on Form 8-K filed by the Issuer on June 3, 2008 (File No. 001-32177))
     
 
24.1
Power of Attorney.
     
 
99.1
Joint Filing Agreement, dated December 23, 2008, between ProQuest Investments II, L.P., ProQuest Investments II Advisors Fund, L.P., ProQuest Associates II LLC, ProQuest Investments III, L.P., ProQuest Associates III LLC, Jay Moorin and Alain Schreiber relating to the filing of a joint statement on Schedule 13D.