-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NTNC3Ef2UgqvcJiyAfXYxu0vS0YnVasdgSODRXNsbf12oi6DCifePpHSIoDdsMwV Wa5MGq3MtSbRMBmJbt0fDA== 0000899140-10-000528.txt : 20100616 0000899140-10-000528.hdr.sgml : 20100616 20100616163339 ACCESSION NUMBER: 0000899140-10-000528 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20100616 DATE AS OF CHANGE: 20100616 GROUP MEMBERS: CHARLES R. KAYE GROUP MEMBERS: JOSEPH P. LANDY GROUP MEMBERS: WARBURG PINCUS & CO. GROUP MEMBERS: WARBURG PINCUS LLC GROUP MEMBERS: WARBURG PINCUS PARTNERS, LLC GROUP MEMBERS: WARBURG PINCUS X LLC GROUP MEMBERS: WARBURG PINCUS X PARTNERS, L.P. GROUP MEMBERS: WARBURG PINCUS X, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Hana Biosciences Inc CENTRAL INDEX KEY: 0001140028 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 841588441 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-79910 FILM NUMBER: 10900927 BUSINESS ADDRESS: STREET 1: 7000 SHORELINE COURT STREET 2: SUITE 370 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: 6505886404 MAIL ADDRESS: STREET 1: 7000 SHORELINE COURT STREET 2: SUITE 370 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 FORMER COMPANY: FORMER CONFORMED NAME: EMAIL REAL ESTATE COM INC DATE OF NAME CHANGE: 20010504 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Warburg Pincus Private Equity X, L.P. CENTRAL INDEX KEY: 0001414565 IRS NUMBER: 200849130 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-878-0600 MAIL ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D 1 h5663173a.htm INITIAL FILING h5663173a.htm
 
 
 
 
 
 



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



SCHEDULE 13D

Under the Securities Exchange Act of 1934



Hana Biosciences, Inc.
(Name of Issuer)

COMMON STOCK, $.001 PAR VALUE PER SHARE
(Title of Class of Securities)


40963P105
(CUSIP Number)



Scott A. Arenare, Esq.
Managing Director and General Counsel
Warburg Pincus LLC
450 Lexington Avenue
New York, New York 10017
(212) 878−0600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)



Copy to:

Steven J. Gartner, Esq.
Robert T. Langdon, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019−6099
(212) 728−8000

June 7, 2010
(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. 

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. 40963P105
 
Page  2  of  19  Pages

 

SCHEDULE 13D
 
1
NAME OF REPORTING PERSONS
 
Warburg Pincus Private Equity X, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 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
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
PN

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page 3  of  19  Pages

 
SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Warburg Pincus X Partners, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 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
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
PN

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page 4  of  19  Pages

 
SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Warburg Pincus X, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 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
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
PN

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page  5  of  19  Pages

 

SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Warburg Pincus X LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 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
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
OO

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page  6  of  19  Pages

 

SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Warburg Pincus Partners, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
OO

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page  7  of  19  Pages

 

SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Warburg Pincus & Co.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
PN

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page  8  of  19  Pages

 

SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Warburg Pincus LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
OO

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page  9  of  19  Pages

 

SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Charles R. Kaye
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
IN

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 
CUSIP No. 40963P105
 
Page  10  of  19  Pages

 

SCHEDULE 13D
 

1
NAME OF REPORTING PERSONS
 
Joseph P. Landy
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) o
(b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
279,503,105* (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
81,000,000** (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
81,000,000** (see Item 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
48.8% (see Item 5)
14
TYPE OF REPORTING PERSON*
 
IN

* Represents "common stock equivalent" rights on shares of Series A-1 Preferred Stock ("Series A-1 Preferred") of Hana Biosciences, Inc. (the "Company"). Without giving effect to any accretion in the stated value of Series A-1 Preferred, each share of Series A-1 Preferred has "common stock equivalent" rights equal to approximately 776.4 shares of common stock, par value $0.001 (the "Common Stock"), of the Company, which is determined by dividing the stated value of $100 per share of Series A-1 Preferred by an effective conversion price of $0.1288 per share.
 
** Represents number of shares of Common Stock into which the Series A-1 Preferred beneficially owned by the reporting person are actually convertible as of the date hereof, which amount is limited due to the Authorized Shares Threshold (as described herein).
 

 
 

 


 
Item 1. Security and Issuer
 
This statement on Schedule 13D (this “Schedule 13D”) relates to the common stock, par value $0.001 per share (the “Common Stock”) of Hana Biosciences, Inc., a Delaware corporation (the “Company”). The address of the Company’s principal executive offices is 7000 Shoreline Court, Suite 370, South San Francisco, California 94080.
 
Item 2. Identity and Background
 
(a) This Schedule 13D is filed on behalf of Warburg Pincus Private Equity X, L.P., a Delaware limited partnership (“WP X”), Warburg Pincus X Partners, L.P., a Delaware limited partnership (“WPP X” and, together with WP X, the “WP X Funds”), Warburg Pincus X, L.P., a Delaware limited partnership and the sole general partner of each of the WP X Funds (“WP X LP”), Warburg Pincus X LLC, a Delaware limited liability company and the sole general partner of WP X LP (“WP X LLC”), Warburg Pincus Partners, LLC, a New York limited liability company and the sole member of WP X LLC (“WPP LLC”), Warburg Pincus LLC, a New York limited liability company that manages the WP X Fund s (“WP LLC”), Warburg Pincus & Co., a New York general partnership and managing member of WPP LLC (“WP”) and Messrs. Charles R. Kaye and Joseph P. Landy, each a Managing General Partner of WP and Co−President and Managing Member of WP LLC (each of the foregoing, a “Reporting Person,” and collectively, the “Reporting Persons”). The agreement among the Reporting Persons to file this Schedule 13D jointly in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is attached hereto as Exhibit 1.
 
(b) The address of the principal business and principal office of the Reporting Persons is c/o Warburg Pincus LLC, 450 Lexington Avenue, New York, New York 10017. The general partners of WP and the members and managing directors of WP LLC, along with their respective business addresses, are set forth on Schedule I hereto, which is incorporated herein by reference.
 
(c) The principal business of the WP X Funds is that of making private equity and related investments. The principal business of WP is acting as the managing member of WPP LLC. The principal business of WPP LLC is acting as general partner to certain private equity funds and as the sole member of WP X LLC. The principal business of WP X LLC is acting as general partner of WP X LP.  The principal business of WP X LP is acting as general partner of the WP X Funds. The principal business of WP LLC is managing certain private equity funds, including the WP X Funds. The principal businesses of each of Messrs. Kaye and Landy is acting as Managing General Partner of WP and Co-President and Managing Member of WP LLC. The principal o ccupation of each of the general partners of WP and the members and managing directors of WP LLC is set forth on Schedule I hereto, which is incorporated herein by reference.
 
(d) During the last five years, none of the Reporting Persons and, to the knowledge of the Reporting Persons, none of the partners, members and managing directors named on Schedule I, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
(e) During the last five years, none of the Reporting Persons and, to the knowledge of the Reporting Persons, none of the partners, members and managing directors named on Schedule I, have been a party to a civil proceeding or a judicial or administrative body of competent jurisdiction and as 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) WP X, WPP X and WP X LP are each limited partnerships organized under the laws of the State of Delaware.  WPP LLC and WP LLC are each limited liability companies organized under the laws of the State of New York, and WP X LLC is a limited liability company organized under the laws of the State of Delaware. WP is a general partnership organized under the laws of the State of New York. Messrs. Kaye and Landy are citizens of the United States of America and, except as otherwise indicated on Schedule I hereto, each of the individuals referred to on Schedule I hereto is a citizen of the United States of America.
 
- 11 -
 

 
Item 3. Source and Amount of Funds or Other Consideration
 
The total amount of funds used by the WP X Funds to purchase the securities of the Company as described herein was furnished from the working capital of such WP X Funds. The total amount of funds paid by the WP X Funds to purchase the securities of the Company purchased on June 7, 2010 as described herein was $36,000,000.
 
Item 4. Purpose of the Transaction
 
On June 7, 2010, the WP X Funds entered into an Investment Agreement (the “Investment Agreement”) with the Company, Deerfield Private Design Fund, L.P., Deerfield Private Design International, L.P., Deerfield Special Situation Fund, L.P., and Deerfield Special Situations Fund International Limited (collectively, the “Deerfield Purchasers” and, together with the WP X Funds, the “Purchasers”), a copy of which is attached hereto as Exhibit 2. Pursuant to the terms of the Investment Agreement, on June 7, 2010, the date of the initial closing under the Investment Agreement, (i) WP X purchased 348,840 shares of Series A-1 Convertible Preferred Stock of the Company (the “Series A-1 Preferred”) for an aggregate purchase price of $34,884,000, and (ii) WPP X purchased 11,160 shares of Series A-1 Pref erred for an aggregate purchase price of $1,116,000. The stated value of each share of Series A-1 Preferred is $100. The stated value of each share of Series A-1 Preferred initially accretes at an annual rate of 12% compounded quarterly, which on the first anniversary and each subsequent anniversary of the applicable issuance date will increase by 0.5%.
 
Each share of Series A-1 Preferred is convertible into such number of shares of Common Stock of the Company as is equal to the accreted value of such share of Series A-1 Preferred divided by a conversion price, initially $0.1288 (subject to adjustment pursuant to the terms of the certificate of designation setting forth the designations, preferences, limitations and relative rights of the Series A-1 Preferred (the “Series A-1 Certificate”), a copy of which is attached hereto as Exhibit 3). Pursuant to the terms of the Series A-1 Certificate and the Investment Agreement, prior to the approval by the stockholders of the Company of an amendment to the amended and restated certificate of incorporation of the Company to, among other things, increase the number of authorized shares of Common Stock and effect a reverse stock split ( the “Stockholder Approval”), the maximum number of shares of Common Stock issuable to the WP X Funds upon conversion of the Series A-1 Preferred held by them is limited to their pro rata share of the greater of (a) 90,000,000 and (b) the difference obtained by subtracting (i) the sum of (A) the number of shares of Common Stock outstanding on a fully diluted basis plus (B) the amount of shares reserved under certain plans from (ii) the authorized shares of Common Stock at the time of determination (such difference, the “Authorized Shares Threshold”). For purposes of this filing, the computations and share amounts used herein have assumed that the Authorized Shares Threshold is equal to 90,000,000. The Series A-1 Certificate provides that, upon the receipt of Stockholder Approval, (i) each share of Series A-1 Preferred will be convertible into such number of shares of Common Stock as is equal to the accreted value of such share of Series A-1 Preferred divided by a conversion price of $0 .184 (subject to adjustment pursuant to the terms of the Series A-1 Certificate), (ii) there would be no limitation contained in the Series A-1 Certificate on the number of shares of Common Stock of the Company issuable to the WP X Funds upon conversion of the Series A-1 Preferred held by them and (iii) the stated value of each share of Series A-1 Preferred will accrete at an annual rate of 9% compounded quarterly.
 
Pursuant to the terms of the Investment Agreement, upon the receipt of Stockholder Approval, the Company shall issue to each Purchaser such number of shares of Series A-1 Preferred Stock as is equal to the quotient obtained by dividing the aggregate accretion (determined pursuant to the terms of the Series A-1 Certificate) accrued on the shares of Series A-1 Preferred owned by each Purchaser by $100.
 
The acquisitions of shares of Series A-1 Preferred by the WP X Funds were effected because of the belief that the shares represent an attractive investment. The Reporting Persons intend to review their investment in the Company on a continuing basis and will routinely monitor a wide variety of investment considerations, including, without limitation, current and anticipated future trading prices for the Common Stock and other securities of the Company, if any, the Company’s financial position, operations, assets, prospects, strategic direction and business and other developments affecting the Company and its subsidiaries, the Company’s management, the Company’s board of directors, Company-related competitive and strategic matters, conditions in the securities and financial markets, tax considerations, general marke t, economic and industry conditions, other investment and business opportunities available to the Reporting Persons and other factors considered relevant. The Reporting Persons may from time to time take such actions with respect to their investment in the Company as they deem appropriate, including, without limitation, (i) acquiring additional shares or disposing of some or all of their shares of Series A-1 Preferred or Common Stock (or other securities of the Company) or engaging in discussions with the Company and its subsidiaries concerning future transactions with the Company and its subsidiaries, including, without limitation, extraordinary corporate transactions and acquisitions or dispositions of shares of capital stock or other securities of the Company or any subsidiary thereof, (ii) changing their current intentions with respect to any or all matters referred to in this Item 4 and (iii) engaging in hedging, derivative or s imilar transactions with respect to any securities of the Company. Any acquisition or disposition of the Company’s securities may be made by means of open-market purchases or dispositions, privately negotiated transactions, direct acquisitions from or dispositions to the Company or a subsidiary thereof or otherwise, in each case subject to certain provisions of the Investment Agreement.
 
- 12 -
 

 
As part of the Reporting Persons’ continuing evaluation of, and preservation of the value of, their investment in the Series A-1 Preferred or other securities of the Company, the Reporting Persons may from time to time engage in discussions with, respond to inquiries from or make proposals to various persons, including, without limitation, the Company’s management, the Company’s board of directors, existing or potential strategic partners of the Company, other shareholders, industry analysts and other relevant parties concerning matters with respect to the Company and the Reporting Persons’ investment in the Common Stock and other securities of the Company, including, without limitation, the business, operations, prospects, governance, management, strategy and the future plans of the Company.
 
The summary contained herein of the Investment Agreement, Series A-1 Certificate, Registration Rights Agreement and Voting Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of such agreements, copies of which are filed as Exhibits 2, 3, 4 and 5 hereto, respectively, and which are incorporated herein by reference.
 
Investment Agreement
 
In addition to the purchase and sale of the Series A-1 Preferred as described above, the Investment Agreement provides that upon the satisfaction of certain terms and conditions, after the receipt of Stockholder Approval but prior to receipt of notice from the Company that the Company has received written marketing approval in the United States (which for the purposes of clarity shall include “accelerated approval”) from the U.S. Food and Drug Administration for a New Drug Application submitted for any of the Company’s products (the “Marketing Approval Date”), the WP X Funds shall have the right to purchase up to 200,000 additional shares (subject to reduction for the Deerfield Purchasers’ participation, as described below) of Series A-1 Preferred in one or more separate transactions at a price per sha re of $100. Additionally, after the Marketing Approval Date the WP X Funds shall have the right to purchase up to 400,000 shares (subject to reduction for the Deerfield Purchasers’ participation, as described below) of Series A-2 Convertible Preferred Stock of the Company (the “Series A-2 Preferred” and, together with the Series A-1 Preferred, the “Series A Preferred”) at a price per share of $100. The stated value of each share of Series A-2 Preferred is $100. The Series A-2 Preferred has designations, preferences, limitations and relative rights substantially similar to the Series A-1 Preferred, except that each share of Series A-2 Preferred is convertible into such number of shares of Common Stock of the Company as is equal to the accreted value of such share of Series A-1 Preferred divided by a conversion price of $0.276 (subject to adjustment pursuant to the terms of the certificate of designations setting forth the designations, preferences, limitations and relative rights of the Series A-2 Preferred (the “Series A-2 Certificate”)).
 
In the alternative, if the Stockholder Approval is not obtained by December 7, 2010, the Investment Agreement provides that the WP X Funds shall have the right to purchase up to 600,000 additional shares (subject to reduction for the Deerfield Purchasers’ participation, as described below) of Series A-1 Preferred in one or more separate transactions at a price per share of $100, and the terms of such Series A-1 Preferred will remain unchanged.
 
The Investment Agreement also provides that, subject to certain terms and conditions, if the WP X Funds elect to purchase any shares described above, the Deerfield Purchasers will have the right to purchase their pro rata portion of such shares which shall reduce the number of shares acquirable by the WP X Funds to the extent that Deerfield exercises this right.
 
- 13 -
 

 
The Investment Agreement provides that the board of directors of the Company (the “Board”) will have nine (9) members, and that the WP X Funds have the right to designate up to five (5) members (the “WP Designees”) of the Board. To the extent permissible by applicable law and regulation or listing requirements, the WP Designees shall be entitled to serve as a member of, or observer to, each committee of the Board. The right of the WP X Funds to designate the WP Designees to the Board shall terminate on the first date on which the WP Purchasers do not own 75% of the shares of Series A Preferred issued to, and purchased by, the WP X Funds (including shares of Common Stock issuable upon conversion of shares of Series A Preferred). On June 7, 2010, the Company appointed Jonathan Leff, Nishan de Silva and Andrew Ferrer as directors of the Company, effective June 7, 2010, each to serve until his successor shall have been appointed and qualified or until he shall have resigned or been removed. The WP X Funds have deferred the appointment of the two remaining WP Designees, but intend to fill these positions, at which point the WP X Funds would control the Board.  Pursuant to their beneficial ownership of shares of Series A-1 Preferred, the WP X Funds control a majority of the voting power of the Company on an as-converted basis.
 
In addition, pursuant to the Investment Agreement, the WP X Funds have agreed to, and have agreed to cause their affiliates to agree to, certain restrictions on their ability to purchase securities of the Company, including an agreement not to acquire any additional securities of the Company other than pursuant to the terms of the Investment Agreement. These restrictions terminate on the earliest of (i) December 7, 2011, (ii) the date on which any WP Designee that the WP X Funds are entitled to designate is not elected to the Board and is not otherwise appointed to the Board, (iii) the date of a change of control of the Company, (iv) the date on which the Company waives the provisions of Section 203 of the Delaware General Corporation Law for any person other than the Purchaser s, (v) the date of a material violation by the Company or any term or condition of the Investment Agreement, which the Company does not cure within thirty (30) days of notice or (vi) December 8, 2010, if the Company does not obtain the Stockholder Approval prior to such date. In addition, these restrictions do not apply at any time after (A) the Board resolves to pursue a transaction that is contemplated to result in a change of control of the Company or (B) the Board approves, recommends or accepts a transaction that would result in a change of control proposed by any person other than the WP X Funds or their affiliates.
 
The WP X Funds have further agreed not to, and have agreed to cause their affiliates not to, sell or otherwise transfer their shares of Series A-1 Preferred for a period of one year after the closing of the transactions, subject to certain exceptions.
 
The Investment Agreement also provides that until the earlier of (i) June 7, 2015 and (ii) the date on which the percentage of total voting power of the Company, determined on the basis of the number of voting securities of the Company on a fully diluted basis, that is beneficially owned by the WP X Funds and their affiliates is less than 10% of the Company, if the Company makes a public or nonpublic offering of Common Stock or securities convertible into Common Stock solely for cash (other than offerings related to employee benefits plans or in connection with a merger or acquisition), the WP X Funds will have the right to acquire from the Company for the same price and on the same terms as such securities are proposed to be offered to others, in the aggregate up to the amount of securities required to enable it to maintain its percenta ge of ownership.
 
Registration Rights Agreement
 
On June 7, 2010, in connection with the consummation of the transactions contemplated under the Investment Agreement, the WP X Funds and the Deerfield Purchasers entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with the Company, a copy of which is attached hereto as Exhibit 4. Pursuant to the Registration Rights Agreement, the Company agreed to file and use its best efforts to cause to be effective no later than June 7, 2011, a shelf registration statement with respect to the shares of Series A Preferred, Common Stock and other securities of the Company issuable on conversion of the Series A Preferred and any shares of Common Stock purchased by the Purchasers after June 7, 2010 (collectively, “Registrable Shares”). Furthermore, pursuant to the Registration Rights Agreement, if the Company proposes to register any of its securities on a form that may include Registrable Shares held by the Purchasers (and certain of their eligible transferees and affiliates), the Purchasers (and certain of their eligible transferees and affiliates) will have the right to request that all or any part of its Registrable Shares be included in the registration, subject to specified conditions. The Registration Rights Agreement further provides for underwritten offering registration rights for the Purchasers (and certain of their eligible transferees and affiliates) that will require the Company to, upon the request of the Purchasers (and certain of their eligible transferees and affiliates), use its best efforts to cause the sale of a specified number of shares of Registrable Shares in the form of a firm commitment underwritten public offering if the anticipated aggregate offering price (calculated based upon the market price of the Registrable Shares on the date of such written request) to the public equa ls or exceeds $10 million, subject to specified conditions.
 
- 14 -
 

 
Voting Agreement
 
On June 7, 2010, in connection with the consummation of the transactions contemplated under the Investment Agreement, WP X and the Deerfield Purchasers entered into a Voting Agreement (the “Voting Agreement”), a copy of which is attached hereto as Exhibit 5. The Voting Agreement provides that each Deerfield Purchaser shall vote (or cause to be voted), and, for so long as the Voting Agreement remains in effect and subject to certain terms and conditions therein, irrevocably appoint WP X as its attorney and proxy with full power of substitution and resubstitution to vote (or cause to be voted), all shares of Common Stock beneficially owned (as defined in Rule 13d-3 under the Exchange Act) by such Deerfield Purchaser (together with such additional shares as become beneficially owned by such Deerfield Purchaser, whether upon the exercise of options, warrants, conversion of convertible securities or otherwise, and any other voting securities of the Company (whether acquired theretofore or thereafter)) (i) in favor of (a) certain stockholder proposals, including the Stockholder Approval, and the transactions contemplated by the Investment Agreement and (b) any other matters submitted to the stockholders of the Company in furtherance of the transactions contemplated by the Investment Agreement, and (ii) against any action or agreement that would impair the ability of the Company to obtain the Stockholder Approval or otherwise issue certain securities as contemplated by, and pursuant to, the Investment Agreement, or that would otherwise be inconsistent with, prevent, impede or delay the consummation of the transactions contemplated by the Investment Agreement. In addition, to the extent that any such actions are taken by the written consent of stockholders, each Deerfield Purchaser agreed to provide consent or withhold consent, as the c ase may be, in a manner consistent with the aforementioned provisions. The Voting Agreement shall terminate upon the earlier to occur of (i) the receipt of Stockholder Approval or (ii) December 7, 2010.
 
Pursuant to the terms of the Voting Agreement, the Deerfield Purchasers also agreed not to transfer or sell any shares of Series A Preferred or Common Stock for so long as the Voting Agreement is in effect, and that each Deerfield Purchaser is to promptly notify WP X of any new shares of capital stock or voting securities of the Company acquired by such Deerfield Purchaser, if any, after the date of the Voting Agreement. Upon acquisition, any such shares and voting securities shall become subject to the terms of the Voting Agreement as though owned by such Deerfield Purchaser on the date of the Voting Agreement.
 
Additional Disclosure
 
Except as set forth above in this Schedule 13D, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the persons set forth on Schedule I, has any plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present board of directors or management of the Company, 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 Company; (f) any other material change in the Company’s business or corporate structure; (g) changes in the Company’s charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company 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 Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above.

Item 5. Interest in Securities of the Issuer
 
All of the computations and share amounts used herein do not give effect to any accretion on the shares of Series A-1 Preferred. The percentages used herein are calculated based upon the 84,844,815 shares of Common Stock that were outstanding as of June 7, 2010 as reported in the Company’s Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the "SEC") on June 11, 2010. The number of shares of Common Stock that may be deemed to be beneficially owned by the Reporting Persons, and the percentage of the outstanding shares represented thereby, in each case as reported in this Schedule 13D, are based on the number of shares of Common Stock owned by the Reporting Persons on June 16, 2010.
 
- 15 -
 

 
(a) WP X is the direct beneficial owner of 348,840 shares of Series A-1 Preferred. As of June 7, 2010, such shares would be convertible into 270,838,509 shares of Common Stock, but, due to the Authorized Shares Threshold currently applicable, such Series A-1 Preferred are convertible into 78,489,000 (pro rata portion of 90,000,000) shares of Common Stock representing approximately 47.3% of the outstanding shares of Common Stock. However, for all other purposes, including for the purposes of voting, such shares of Series A-1 Preferred would be treated as equivalent to 270,838,509 shares of Common Stock, representing approximately 68.5% of the outstanding shares of Common Stock for voting purposes.
 
WPP X is the direct beneficial owner of 11,160 shares of Series A-1 Preferred. As of June 7, 2010, such shares would be convertible into 8,664,596 shares of Common Stock, but, due to the Authorized Shares Threshold currently applicable, such Series A-1 Preferred are convertible into 2,511,000 shares of Common Stock representing approximately 1.5% of the outstanding shares of Common Stock. However, for all other purposes, including for the purposes of voting, such shares of Series A-1 Preferred would be treated as equivalent to 8,664,596 shares of Common Stock, representing approximately 2.2% of the outstanding shares of Common Stock for voting purposes.
 
Due to their respective relationships with the WP X Funds and each other, as of June 7, 2010, each of the Reporting Persons may be deemed to beneficially own shares of Common Stock by virtue of their beneficial ownership of shares of Series A-1 Preferred. Assuming the full conversion of the Series A-1 Preferred in accordance with the terms of the Series A-1 Certificate, as limited by the Authorized Shares Threshold, the Reporting Persons may be deemed to beneficially own 81,000,000 shares of Common Stock, representing approximately 48.8% of the outstanding class of Common Stock, based on a total of 165,844,815 shares of Common Stock, which is comprised of: (i) the 84,844,815 shares of Common Stock outstanding referenced above and (ii) the 81,000,000 shares of Common Stock issuable upon the conversion of shares of Series A-1 Preferred Sto ck issued to the WP X Funds pursuant to the Investment Agreement as of June 7, 2010. For all other purposes, including voting, the Reporting Persons may be deemed to beneficially own 279,503,105 shares of Common Stock, representing approximately 70.7% of the outstanding class of Common Stock, based on a total of 395,403,819 shares of Common Stock, which is comprised of: (i) the 84,844,815 shares of Common Stock outstanding referenced above and (ii) the equivalent of 310,559,004 shares of Common Stock issued to the Purchasers of the Series A-1 Preferred pursuant to the Investment Agreement on June 7, 2010.
 
As a result of the Voting Agreement described in Item 4, the Deerfield Purchasers and certain affiliates of the Deerfield Purchasers (collectively, “Deerfield”) and the Reporting Persons may be deemed to constitute a “group” within the meaning of Rule 13d-5(b) under the Act.  On a separate Schedule 13D filed with the SEC on June 11, 2010, Deerfield reported its beneficial ownership of an aggregate of 17,509,011 shares of Common Stock; 1,455,944 shares of Common Stock issuable upon the exercise of certain warrants held by Deerfield; and 31,055,899 shares of Common Stock issuable upon the conversion of an aggregate of 40,000 shares (without giving effect to the Authorized Shares Threshold) of Series A-1 Preferred held by Deerfield.  Each of the Reporting Persons expressly disclaims beneficial ownership of securities held by any person or entity other than, to the extent of any pecuniary interest therein, the various accounts under such Reporting Person’s management and control. The securities reported herein as being beneficially owned by the Reporting Persons do not include any securities held by Deerfield, its affiliates, or any other person or entity.
 
(b) Each of WP X, WPP X, WP X LP, WP X LLC, WPP LLC, WP LLC and WP may be deemed to share with the WP X Funds the power to (a) dispose or to direct the disposition of the 81,000,000 shares of Common Stock the WP X Funds may be deemed to beneficially own (and convert into) as of June 16, 2010 and (b) vote or direct the vote of the 279,503,105 shares of Common Stock the WP X Funds may be deemed to beneficially own for voting purposes as of June 16, 2010.
 
Charles R. Kaye and Joseph P. Landy are Managing General Partners of WP and Managing Members and Co−Presidents of WP LLC and may be deemed to control the other Reporting Persons. Messrs. Kaye and Landy disclaim beneficial ownership of all shares held by the WP X Funds. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person or any of its affiliates is the beneficial owner of any shares of Common Stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
 
- 16 -
 

 
(c) On June 7, 2010, WP X acquired 348,840 shares of Series A-1 Preferred for an aggregate purchase price of $34,884,000 and WPP X acquired 11,160 shares of Series A-1 Preferred for an aggregate purchase price of $1,116,000. Shares of Series A-1 Preferred are convertible into Common Stock. Descriptions of the investment by WP X and WPP X are included in Item 4 hereto.
 
Except as described in this Schedule 13D, during the last sixty (60) days there were no transactions in the Common Stock effected by the Reporting Persons, nor, to the best of their knowledge, by any of their directors, executive officers, general partners or members.
 
(d) Not applicable.
 
(e) Not applicable.
 
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
 
Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the Reporting Persons have entered into an agreement on June 16, 2010, with respect to the joint filing of this Schedule 13D and any amendment or amendments hereto (the “Joint Filing Agreement”). The Joint Filing Agreement is attached hereto as Exhibit 1.
 
The responses set forth in Item 4 hereof are incorporated by reference in their entirety.
 
Except as referenced above or as described in Item 4 hereof, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 or between such persons and any other person with respect to any securities of the Company.
 
Item 7. Material To Be Filed as Exhibits
 
Exhibit 1
Joint Filing Agreement, dated as of June 16, 2010, by and among Warburg Pincus Private Equity X, L.P., Warburg Pincus X Partners, L.P., Warburg Pincus X, L.P., Warburg Pincus X LLC, Warburg Pincus Partners, LLC, Warburg Pincus LLC, Warburg Pincus & Co., and Messrs. Charles R. Kaye and Joseph P. Landy.
 
Exhibit 2
Investment Agreement, dated as of June 7, 2010, by and among Hana Biosciences, Inc., Warburg Pincus Private Equity X, L.P., Warburg Pincus X Partners, L.P., Deerfield Private Design Fund, L.P., Deerfield Private Design International, L.P., Deerfield Special Situation Fund, L.P., and Deerfield Special Situations Fund International Limited (incorporated herein by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by Hana Biosciences, Inc. on June 11, 2010).
 
Exhibit 3
Certificate of Designation of Series A-1 Convertible Preferred Stock of Hana Biosciences, Inc., dated as of June 7, 2010 (incorporated herein by reference to Exhibit 3.1 of the Current Report on Form 8-K filed by Hana Biosciences, Inc. on June 11, 2010).
 
Exhibit 4
Registration Rights Agreement, dated as of June 7, 2010, by and among Hana Biosciences, Inc., Warburg Pincus Private Equity X, L.P., Warburg Pincus X Partners, L.P., Deerfield Private Design Fund, L.P., Deerfield Private Design International, L.P., Deerfield Special Situation Fund, L.P., and Deerfield Special Situations Fund International Limited (incorporated herein by reference to Exhibit 10.3 of the Current Report on Form 8-K filed by Hana Biosciences, Inc. on June 11, 2010).
 
Exhibit 5
Voting Agreement, dated as of June 7, 2010, by and among Warburg Pincus Private Equity X, L.P., Deerfield Private Design Fund, L.P., Deerfield Private Design International, L.P., Deerfield Special Situation Fund, L.P., and Deerfield Special Situations Fund International Limited.
 

- 17 -
 
 
 

 

SIGNATURES
 
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
 Dated:  June 16, 2010
WARBURG PINCUS PRIVATE EQUITY X, L.P.
   
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
/s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
     
     
Dated:  June 16, 2010
WARBURG PINCUS X PARTNERS, L.P.
     
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
/s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
   
   
 Dated:  June 16, 2010
WARBURG PINCUS X, L.P.
     
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
/s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
   
   
Dated:  June 16, 2010
WARBURG PINCUS X LLC
     
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
/s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
 
- 18 -
 

 
     
 Dated:  June 16, 2010
WARBURG PINCUS PARTNERS, LLC
     
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
/s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
     
     
  Dated:  June 16, 2010
WARBURG PINCUS & CO.
     
     
 
By:
/s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
     
     
  Dated:  June 16, 2010
WARBURG PINCUS LLC
     
     
 
By:
/s/ Scott A. Arenare
   
 Name: Scott A. Arenare
   
 Title: Managing Director
     
     
Dated:  June 16, 2010
CHARLES R. KAYE
     
     
 
By:
 /s/ Scott A. Arenare
   
Scott A. Arenare, Attorney-in-fact*
     
     
Dated:  June 16, 2010
JOSEPH P. LANDY
     
     
 
By:
/s/ Scott A. Arenare
   
Scott A. Arenare, Attorney-in-fact**
     
 
 
__________________
*
Power of Attorney given by Mr. Kaye was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
 
**
Power of Attorney given by Mr. Landy was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
 

- 19 -
 
 
 

 

Item 8.                                                                           SCHEDULE I
 

 
Set forth below is the name, position and present principal occupation of each of the general partners of Warburg Pincus & Co. (“WP”) and members of Warburg Pincus LLC (including its subsidiaries, “WP LLC”).  Except as otherwise indicated, the business address of each of such persons is 450 Lexington Avenue, New York, New York  10017, and each of such persons is a citizen of the United States.
 

 
GENERAL PARTNERS OF WP
 

 
 
 
NAME
PRESENT PRINCIPAL OCCUPATION IN ADDITION
 
TO POSITION WITH WP, AND POSITIONS
 
WITH THE REPORTING ENTITIES
 
Scott A. Arenare
Partner of WP; Member and Managing Director of WP LLC
 
David Barr
Partner of WP; Member and Managing Director of WP LLC
 
Alain J.P. Belda
Partner of WP; Member and Managing Director of WP LLC
 
Alexander Berzofsky
Partner of WP; Member and Managing Director of WP LLC
 
Sean D. Carney
Partner of WP; Member and Managing Director of WP LLC
 
Mark Colodny
Partner of WP; Member and Managing Director of WP LLC
 
David A. Coulter
Partner of WP; Member and Managing Director of WP LLC
 
Timothy J. Curt
Partner of WP; Member and Managing Director of WP LLC
 
Cary J. Davis
Partner of WP; Member and Managing Director of WP LLC
 
Dai Feng
Partner of WP; Member and Managing Director of WP LLC
 
Steven Glenn
Partner of WP; Member and Managing Director of WP LLC
 
Jeffrey G. Goldfaden
Partner of WP; Member and Managing Director of WP LLC
 
Cecilia Gonzalo
Partner of WP; Member and Managing Director of WP LLC
 
Michael Graff
Partner of WP; Member and Managing Director of WP LLC
 
Patrick T. Hackett
Partner of WP; Member and Managing Director of WP LLC
 
E. Davisson Hardman
Partner of WP; Managing Director of WP LLC
 
 
- 20 -
 

 
Jeffrey A. Harris
Partner of WP; Member and Managing Director of WP LLC
 
In Seon Hwang
Partner of WP; Member and Managing Director of WP LLC
 
William H. Janeway
Partner of WP; Member and Senior Advisor of WP LLC
 
Chansoo Joung
Partner of WP; Member and Managing Director of WP LLC
 
Peter R. Kagan
Partner of WP; Member and Managing Director of WP LLC
 
Charles R. Kaye
Managing General Partner of WP; Managing Member and Co-President of WP LLC
 
Henry Kressel
Partner of WP; Member and Managing Director of WP LLC
 
David Krieger
Partner of WP; Member and Managing Director of WP LLC
 
Joseph P. Landy
Managing General Partner of WP; Managing Member and Co-President of WP LLC
 
Kewsong Lee
Partner of WP; Member and Managing Director of WP LLC
 
Jonathan S. Leff
Partner of WP; Member and Managing Director of WP LLC
 
Michael Martin
Partner of WP; Member and Managing Director of WP LLC
 
James Neary
Partner of WP; Member and Managing Director of WP LLC
 
Dalip Pathak
Partner of WP; Member and Managing Director of WP LLC
 
Michael F. Profenius
Partner of WP; Managing Director of WP LLC
 
Justin Sadrian
Partner of WP; Member and Managing Director of WP LLC
 
Henry B. Schacht
Partner of WP; Member and Senior Advisor of WP LLC
 
Steven G. Schneider
Partner of WP; Member and Managing Director of WP LLC
 
Patrick Severson
Partner of WP; Member and Managing Director of WP LLC
 
John Shearburn
Partner of WP; Member and Managing Director of WP LLC
 
Christopher H. Turner
Partner of WP; Member and Managing Director of WP LLC
 
John L. Vogelstein
Partner of WP; Member and Senior Advisor of WP LLC
 
Elizabeth H. Weatherman
Partner of WP; Member and Managing Director of WP LLC
 
Daniel Zilberman
Partner of WP; Member and Managing Director of WP LLC
 
Rosanne Zimmerman
Partner of WP; Member and Managing Director of WP LLC
 
 
- 21 -
 

 
WP & Co. Partners, L.P.*
 
 
Warburg Pincus Principal Partnership, L.P.**
 
 
Warburg Pincus Real Estate Principal Partnership, L.P.**
 
 
Warburg Pincus 2006 Limited Partnership**
 
 
Warburg Pincus 2007 Limited Partnership**
 
 

 
_____________________
 
*           New York limited partnership; primary activity is ownership interest in WP
 
**           Delaware limited partnership; primary activity is ownership interest in WP
 

 

- 22 -
 
 
 

 

MEMBERS OF WP LLC
 

 
 
 
NAME
PRESENT PRINCIPAL OCCUPATION IN ADDITION
 
TO POSITION WITH WP LLC, AND POSITIONS
 
WITH THE REPORTING ENTITIES
 
Scott A. Arenare
Member and Managing Director of WP LLC; Partner of WP
 
David Barr
Member and Managing Director of WP LLC; Partner of WP
 
Alain J.P. Belda
Member and Managing Director of WP LLC; Partner of WP
 
Alexander Berzofsky
Member and Managing Director of WP LLC; Partner of WP
 
Sean D. Carney
Member and Managing Director of WP LLC; Partner of WP
 
Julian Cheng (1)
Member and Managing Director of WP LLC
 
Miao Chi (2)
Member and Managing Director of WP LLC
 
Stephen John Coates (3)
Member and Managing Director of WP LLC
 
Mark Colodny
Member and Managing Director of WP LLC; Partner of WP
 
David A. Coulter
Member and Managing Director of WP LLC; Partner of WP
 
Timothy J. Curt
Member and Managing Director of WP LLC; Partner of WP
 
Cary J. Davis
Member and Managing Director of WP LLC; Partner of WP
 
Martin D. Dunnett (3)
Member and Managing Director of WP LLC
 
Dai Feng
Member and Managing Director of WP LLC; Partner of WP
 
Robert Feuer (4)
Member and Managing Director of WP LLC
 
Rajiv Ghatalia (1)
Member and Managing Director of WP LLC
 
Steven Glenn
Member and Managing Director of WP LLC; Partner of WP
 
Jeffrey G. Goldfaden
Member and Managing Director of WP LLC; Partner of WP
 
Cecilia Gonzalo
Member and Managing Director of WP LLC; Partner of WP
 
Michael Graff
Member and Managing Director of WP LLC; Partner of WP
 
Patrick T. Hackett
Member and Managing Director of WP LLC; Partner of WP
 
 
- 23 -
 

 
Jeffrey A. Harris
Member and Managing Director of WP LLC; Partner of WP
 
In Seon Hwang
Member and Managing Director of WP LLC; Partner of WP
 
William H. Janeway
Member and Senior Advisor of WP LLC; Partner of WP
 
Chansoo Joung
Member and Managing Director of WP LLC; Partner of WP
 
Peter R. Kagan
Member and Managing Director of WP LLC; Partner of WP
 
Charles R. Kaye
Managing Member and Co-President of WP LLC; Managing General Partner of WP
 
Henry Kressel
Member and Managing Director of WP LLC; Partner of WP
 
David Krieger
Member and Managing Director of WP LLC; Partner of WP
 
Joseph P. Landy
Managing Member and Co-President of WP LLC; Managing General Partner of WP
 
Kewsong Lee
Member and Managing Director of WP LLC; Partner of WP
 
Jonathan S. Leff
Member and Managing Director of WP LLC; Partner of WP
 
David Li (1)
Member and Managing Director of WP LLC
 
Vishal Mahadevia (5)
Member and Managing Director of WP LLC
 
Niten Malhan (5)
Member and Managing Director of WP LLC
 
Michael Martin
Member and Managing Director of WP LLC; Partner of WP
 
Luca Molinari (6)
Member and Managing Director of WP LLC
 
James Neary
Member and Managing Director of WP LLC; Partner of WP
 
Dalip Pathak
Member and Managing Director of WP LLC; Partner of WP
 
Leo Puri (5)
Member and Managing Director of WP LLC
 
Justin Sadrian
Member and Managing Director of WP LLC; Partner of WP
 
Adarsh Sarma (5)
Member and Managing Director of WP LLC
 
Henry B. Schacht
Member and Senior Advisor of WP LLC; Partner of WP
 
Steven G. Schneider
Member and Managing Director of WP LLC; Partner of WP
 
Joseph C. Schull (2)
Member and Managing Director of WP LLC
 
Patrick Severson
Member and Managing Director of WP LLC; Partner of WP
 
 
- 24 -
 

 
John Shearburn
Member and Managing Director of WP LLC; Partner of WP
 
Chang Q. Sun (1)
Member and Managing Director of WP LLC
 
Christopher H. Turner
Member and Managing Director of WP LLC; Partner of WP
 
Simon Turton (3)
Member and Managing Director of WP LLC
 
John L. Vogelstein
Member and Senior Advisor of WP LLC; Partner of WP
 
Elizabeth H. Weatherman
Member and Managing Director of WP LLC; Partner of WP
 
Frank Wei (1)
Member and Managing Director of WP LLC
 
Peter Wilson (3)
Member and Managing Director of WP LLC
 
Jeremy S. Young  (3)
Member and Managing Director of WP LLC
 
Daniel Zilberman
Member and Managing Director of WP LLC; Partner of WP
 
Rosanne Zimmerman
Member and Managing Director of WP LLC; Partner of WP
 

 

 
(1)  
Citizen of Hong Kong
(2)  
Citizen of Canada
(3)  
Citizen of United Kingdom
(4)  
Citizen of Hungary
(5)  
Citizen of India
(6)  
Citizen of Italy

 

 
As of June 1, 2010
 

 


- 25 -
 
 
 
 
 

EX-1 2 h5663177b.htm JOINT FILING AGREEMENT h5663177b.htm
 
EXHIBIT 1
 
 
JOINT FILING AGREEMENT
 
THIS JOINT FILING AGREEMENT is entered into as of June 16, 2010, by and among the parties hereto.  The undersigned hereby agree that the Statement on Schedule 13D with respect to the common stock, par value $0.001 per share (the “Common Stock”) of Hana Biosciences, Inc. and any amendment thereafter signed by each of the undersigned shall be (unless otherwise determined by the undersigned) filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated:  June 16, 2010
WARBURG PINCUS PRIVATE EQUITY X, L.P.
   
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
 /s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
     
     
Dated:  June 16, 2010
WARBURG PINCUS X PARTNERS, L.P.
     
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
 /s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
   
   
Dated:  June 16, 2010
WARBURG PINCUS X, L.P.
     
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
 /s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
   
 
 
 

 
   
Dated:  June 16, 2010
WARBURG PINCUS X LLC
     
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
 /s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
     
Dated:  June 16, 2010
WARBURG PINCUS PARTNERS, LLC
     
 
By: Warburg Pincus & Co., its managing member
     
     
 
By:
 /s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
     
     
 Dated:  June 16, 2010
WARBURG PINCUS & CO.
     
     
 
By:
 /s/ Scott A. Arenare
   
Name: Scott A. Arenare
   
Title: Partner
     
     
 Dated:  June 16, 2010
WARBURG PINCUS LLC
     
     
 
By:
 /s/ Scott A. Arenare
   
 Name: Scott A. Arenare
   
 Title: Managing Director
     
     
Dated:  June 16, 2010
CHARLES R. KAYE
     
     
 
By:
 /s/ Scott A. Arenare
   
Scott A. Arenare, Attorney-in-fact*
     
     
Dated:  June 16, 2010
JOSEPH P. LANDY
     
     
 
By:
/s/ Scott A. Arenare
   
Scott A. Arenare, Attorney-in-fact**
     
 _________________
*
Power of Attorney given by Mr. Kaye was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
 
**           Power of Attorney given by Mr. Landy was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
 

  - 2 -
 
 
 

EX-5 3 h5663177c.htm VOTING AGREEMENT h5663177c.htm
 
 

 
                                                                                                                                             60;                                                                                                                                                                                                                                              Execution Version

VOTING AGREEMENT
 
This Voting Agreement (this “Agreement”) is dated as of June 7, 2010, among Warburg Pincus Private Equity X, L.P., a Delaware limited partnership (“Warburg Pincus”), Deerfield Private Design Fund, L.P., a Delaware limited partnership (“Deerfield Private Design”), Deerfield Private Design International, L.P., a British Virgin Islands limited partnership (“Deerfield Private Design International”), Deerfield Special Situation Fund, L.P., a Delaware limited partnership (“Deerfield Special Situation”), and Deerfield Special Situations Fund International Limited, a British Virgin Islands exempt company (“Deerfield Special Situations International”, and together with Deerfield Private Design, Deerfield Private Design International and Deerfield Special Situation, each a “Stockholder” and collectively the “Stockholders”).
 
W I T N E S S E T H:
 
WHEREAS, concurrently with the execution of this Agreement, Hana Biosciences, Inc., a Delaware corporation (the “Company”) has entered into an Investment Agreement, dated as of the date hereof (the “Investment Agreement”), with the Purchasers which provides, among other things, for the issuance of Securities to the Purchasers, upon the terms and subject to the conditions set forth therein (capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Investment Agreement); and
 
WHEREAS, as of the date hereof, each Stockholder is the record and beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of the number of shares of Company Common Stock and warrants to purchase shares of Company Common Stock (the “Company Warrants”) set forth, and in the manner reflected, on Attachment A hereto (together with such additional shares as become beneficially owned by the Stockholders, whether upon the exercise of options, warrants, conversion of convertible securities or otherwise, and any other voting securities of the Company (whether acquired heretofore or hereafter), the “Owned Shares”) ; and
 
WHEREAS, as a condition to Warburg Pincus’ willingness to enter into the Investment Agreement, Warburg Pincus has required that each Stockholder agree, and each Stockholder has agreed, (i) to vote all of such Stockholder’s Owned Shares in favor of (a) the Stockholder Proposals and the transactions contemplated by the Investment Agreement and (b) any other matters submitted to the stockholders of the Company in furtherance of the transactions contemplated by the Investment Agreement and (ii) to take the other actions described herein; and
 
WHEREAS, each Stockholder desires to express its support for the Stockholder Proposals and the transactions contemplated by the Investment Agreement.
 
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration given to each party hereto, the receipt of which is hereby acknowledged, the parties agree as follows:
 
 
 

 
1.           Agreement to Vote; Irrevocable Proxy.
 
1.1           Agreement to Vote.  Each Stockholder hereby agrees that, during the time this Agreement is in effect, at any meeting of the stockholders of the Company, however called, or any adjournment or postponement thereof, such Stockholder shall be present (in person or by proxy) and vote (or cause to be voted) all of its Owned Shares (a) in favor of approval of (1) the Stockholder Proposals and the transactions contemplated by the Investment Agreement, and (2) any other matter that is required to facilitate the transactions contemplated by the Investment Agreement; and (b) against any action or agreement that would impair the ability of the Company to obtain the Stockholder Approval or otherwise is sue the Securities pursuant to the Investment Agreement, or that would otherwise be inconsistent with, prevent, impede or delay the consummation of the transactions contemplated by the Investment Agreement.  In addition, to the extent that any such actions are taken by the written consent of stockholders, the Stockholder shall provide consent or withhold consent, as the case may be, in a manner consistent with this Section 1.1.
 
1.2           Irrevocable Proxy.  Solely with respect to the matters described in Section 1.1, for so long as this Agreement has not terminated in accordance with Section 6.1, each Stockholder hereby irrevocably appoints Warburg Pincus as its attorney and proxy with full power of substitution and resubstitution, to the full extent of such Stockholders’ voting rights with respect to such Stockholders’ Owned Shares (which proxy is irrevocable and which appointment is coupled with an interest, including for purposes of Section 212 of the Delaware General Corporation Law) to vote all such Stockholders’ Owned Shares solely on the matters described in Section 1.1, and in accordance therewith .  Each Stockholder agrees to execute any further agreement or form reasonably necessary or appropriate to confirm and effectuate the grant of the proxy contained herein.  Such proxy shall remain valid until the valid termination of this Agreement in accordance with Section 6.1.
 
1.3           No Exercise of Company Warrants.  Notwithstanding the foregoing, nothing in this Agreement shall require a Stockholder to exercise any Company Warrant or authorize Warburg Pincus to exercise any Company Warrant beneficially owned by a Stockholder.
 
2.           Representations and Warranties of Stockholders.  Each Stockholder hereby represents and warrants to Warburg Pincus as follows:
 
2.1           Due Organization.  Such Stockholder, if a corporation or other entity, has been duly organized, is validly existing and is in good standing under the laws of the state of its formation or organization.
 
2.2           Power; Due Authorization; Binding Agreement.  Such Stockholder has full legal capacity, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby.  The execution and delivery of this Agreement and the consummation by such Stockholder of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of such Stockholder, and no other proceedings on the part of such Stockholder are necessary to authorize this Agreement or to consummate the transactions contemplated hereby.  This Agreement has been duly and validly executed a nd delivered by such Stockholder and constitutes a valid and binding agreement of such Stockholder, enforceable against Stockholder in accordance with its terms.
 
-2-
 

 
2.3           Ownership of Shares.  On the date hereof, the Owned Shares set forth opposite such Stockholder’s name on Attachment A hereto are owned beneficially by such Stockholder in the manner reflected thereon and include all of the shares of capital stock of the Company owned beneficially by such Stockholder, free and clear of any claims, liens, encumbrances and security interests.  As of the date hereof such Stockholder has, and at any stockholder meeting of the Company in connection with the Stockholder Proposals, such Stockholder will have (except as otherwise permitted by this Agreement), sole voting power (to the extent such securities have voting power) and sole dispositive power with respect to all of the Owned Shares.
 
2.4           No Conflicts. The execution and delivery of this Agreement by such Stockholder does not, and the performance of the terms of this Agreement by such Stockholder will not, (a) require Stockholder to obtain the consent or approval of, or make any filing with or notification to, any governmental or regulatory authority, domestic or foreign (other than filings required under Sections 13(d) and 16 of the Exchange Act), (b) require the consent or approval of any other person pursuant to any agreement, obligation or instrument binding on Stockholder or its properties and assets, (c) conflict with or violate any organizational document or law, rule, regulation, order, judgment or decree applicable to Stockho lder or pursuant to which any of its properties or assets are bound or (d) violate any other agreement to which Stockholder is a party including, without limitation, any voting agreement, stockholders agreement, irrevocable proxy or voting trust. The Owned Shares are not, with respect to the voting or transfer thereof, subject to any other agreement, including any voting agreement, stockholders agreement, irrevocable proxy or voting trust.
 
2.5           Acknowledgment.  Such Stockholder understands and acknowledges that Warburg Pincus is entering into the Investment Agreement in reliance upon such Stockholder’s execution, delivery and performance of this Agreement.
 
3.           Representations and Warranties of Warburg Pincus.  Warburg Pincus hereby represents and warrants to the Stockholders as follows:
 
3.1           Due Organization.  Warburg Pincus is a limited partnership, duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.
 
3.2           Power; Due Authorization; Binding Agreement.  Warburg Pincus has full power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby.  The execution and delivery of this Agreement and the consummation by Warburg Pincus of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Warburg Pincus, and no other proceedings on the part of Warburg Pincus are necessary to authorize this Agreement or to consummate the transactions contemplated hereby.  This Agreement has been duly and validly executed and delivered by Warburg Pincus and constitutes a valid and binding agreement of Warburg Pincus.
 
-3-
 

 
3.3           No Conflicts.  The execution and delivery of this Agreement by Warburg Pincus does not, and the performance of the terms of this Agreement by Warburg Pincus will not, (a) require Warburg Pincus to obtain the consent or approval of, or make any filing with or notification to, any governmental or regulatory authority, domestic or foreign (other than filings required under Sections 13(d) and 16 of the Exchange Act), (b) require the consent or approval of any other person pursuant to any agreement, obligation or instrument binding on Warburg Pincus or its properties and assets, (c) conflict with or violate any organizational document or law, rule, regulation, order, judgment or decree applicab le to Warburg Pincus or pursuant to which any of its assets are bound or (d) violate any other material agreement to which Warburg Pincus is a party.
 
4.           Certain Covenants of the Stockholders.  Each Stockholder hereby covenants and agrees with Warburg Pincus as follows:
 
4.1           Restriction on Transfer, Proxies and Non-Interference.  Each Stockholder hereby agrees, while this Agreement is in effect, at any time prior to the date of termination of this Agreement, not to (a) sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Owned Shares (any such action, a “Transfer”), (b) grant any proxies or powers of attorney, deposit any Owned Shares into a voting trust or en ter into a voting agreement with respect to any Owned Shares, (c) take any action that would cause any representation or warranty of such Stockholder contained herein to become untrue or incorrect or have the effect of preventing or disabling Stockholder from performing its obligations under this Agreement, or (d) commit or agree to take any of the foregoing actions.  Any action taken in violation of the foregoing sentence shall be null and void and each Stockholder agrees that any such prohibited action may and should be enjoined.  If any involuntary Transfer of any of the Owned Shares shall occur (including, but not limited to, a sale by a Stockholder’s trustee in any bankruptcy, or a sale to a purchaser at any creditor’s or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Owned Shares subject to all of the restrictions, liabilities and rights under th is Agreement, which shall continue in full force and effect until valid termination of this Agreement.
 
4.2           Additional Shares.  Each Stockholder hereby agrees, while this Agreement is in effect, to promptly notify Warburg Pincus of any new shares of capital stock or voting securities of the Company acquired by Stockholder, if any, after the date hereof.  Any such shares and voting securities shall be subject to the terms of this Agreement as though owned by such Stockholder on the date hereof.
 
4.3           No Limitations on Actions.  Each Stockholder signs this Agreement solely in its capacity as the beneficial owner of the Owned Shares and this Agreement shall not limit or otherwise affect the actions of the Stockholder or any affiliate, employee or designee of the Stockholder or any of its affiliates in its capacity, if applicable, as an officer or director of the Company.
 
-4-
 

 
4.5           Further Assurances.  From time to time, at the request of Warburg Pincus and without further consideration, each Stockholder shall execute and deliver such additional documents and take all such further action as may be necessary or desirable to consummate and make effective the transactions contemplated by this Agreement.
 
5.           Stop Transfer Order.  In furtherance of this Agreement, and concurrently herewith, each Stockholder shall and hereby does authorize the Company or the Company’s counsel to notify the Company’s transfer agent that there is a stop transfer order with respect to all of the Owned Shares.  At the request of Warburg Pincus, each Stockholder shall cause to be provided to Warburg Pincus evidence of such stop transfer order.
 
6.           Miscellaneous.
 
6.1           Termination of this Agreement.  This Agreement shall terminate upon the earlier to occur of (i) receipt by the Company of the Stockholder Approval or (ii) the Stockholder Approval Outside Date.
 
6.2           Effect of Termination.  In the event of termination of this Agreement pursuant to Section 6.1, this Agreement shall become void and of no effect with no liability on the part of any party hereto; provided, however, no such termination shall relieve any party hereto from any liability for any breach of this Agreement occurring prior to such termination.
 
6.3           Non-Survival.  The representations and warranties made herein shall not survive the termination of this Agreement.
 
6.4           Entire Agreement; Assignment.  This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof.  Nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.  This Agreement shall not be assigned by operation of law or otherwise and shall be binding upon and inure solely to the benefit of each party hereto.
 
6.5           Amendments.  This Agreement may not be modified, amended, altered or supplemented, except upon the execution and delivery of a written agreement executed by each of the parties hereto.
 
6.6           Notices.  All notices and other communications hereunder shall be in writing and shall be deemed duly delivered (i) four Business Days after being sent by registered or certified mail, return receipt requested, postage prepaid, (ii) one Business Day after being sent for next Business Day delivery, fees prepaid, via a reputable nationwide overnight courier service, or (iii) on the date of confirmation of receipt (or, the first Business Day following such receipt if the date of such receipt is not a Business Day) of transmission by facsimile, in each case to the intended recipient as set forth below:
 
If to the Stockholders:
 
Deerfield Management Company, L.P. Series C
-5-
 

 
780 Third Avenue, 37th Floor
New York, NY  10017
Attn.:  James E. Flynn
Facsimile: (212) 599-3075


with a copy to (which shall not constitute notice):


Katten Muchin Rosenman LLP
575 Madison Avenue
New York, New York  10022-2585
Attn.: Robert I. Fisher
Facsimile: (212) 894-5827

If to Warburg Pincus:

c/o Warburg Pincus LLC
450 Lexington Avenue
New York, New York 10017
Attn.:  Jonathan Leff
Facsimile:  (212) 878-9361

with a copy to (which shall not constitute notice):

Willkie Farr & Gallagher LLP
 
787 Seventh Avenue
 
New York, New York  10019
 
Attn.:  Steven J. Gartner, Esq./Robert T. Langdon, Esq.
 
Facsimile:  (212) 728-8111
 
Any party to this Agreement may give any notice or other communication hereunder using any other means (including personal delivery, messenger service, telex, ordinary mail or electronic mail), but no such notice or other communication shall be deemed to have been duly given unless and until it actually is received by the party for whom it is intended.  Any party to this Agreement may change the address to which notices and other communications hereunder are to be delivered by giving the other parties to this Agreement notice in the manner herein set forth.
 
6.7           Governing Law; Venue.
 
(a)           This Agreement shall be governed by and construed in accordance with the internal Laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of Laws of any jurisdictions other than those of the State of Delaware.
 
-6-
 

 
(b)           Each of the parties to this Agreement (a) consents to submit itself to the personal jurisdiction of any state or federal court sitting in Wilmington, Delaware in any action or proceeding arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement, (b) agrees that all claims in respect of such action or proceeding may be heard and determined in any such court, (c) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and (d) agrees not to bring any action or proceeding arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement in any other court.  Each of the parties hereto waives any def ense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might be required of any other party with respect thereto.  Any party hereto may make service on another party by sending or delivering a copy of the process to the party to be served at the address and in the manner provided for the giving of notices in Section 6.6.
 
(c)           EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF ANY PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT.
 
6.8           Specific Performance.  Each Stockholder acknowledges and agrees that irreparable damage would occur to Warburg Pincus in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached by such Stockholder, for which money damages would not provide an adequate remedy.  Therefore, each Stockholder agrees that, in the event of any breach or threatened breach by such Stockholder of any covenant or obligation contained in this Agreement, Warburg Pincus shall be entitled (in addition to any other remedy that may be available to it, including monetary damages) to seek and obtain (a) a decree or order of specific performance to enforce the observance and performance of such covenant or obligation, (b) an injunction restraining such breach or threatened breach, and (c) other equitable relief to enforce each and every provision hereof.  Each Stockholder further agrees that neither Warburg Pincus nor any other Person shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this Section 6.8, and each Stockholder irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument.
 
6.9           Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each of the parties hereto and delivered to the other parties, it being understood that all parties need not sign the same counterpart.  This Agreement may be executed and delivered by facsimile transmission.
 
6.10           Descriptive Headings.  The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement.
 
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6.11           Severability.  Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.  If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provisio n with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified.  In the event such court does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the economic, business and other purposes of such invalid or unenforceable term.
 
6.12           Disclosure.  Each Stockholder hereby authorizes (A) the Company to publish and disclose in the Proxy Statement (including all documents and schedules filed with the SEC) and in any press release, its identity and ownership of the Owned Shares and the nature of its commitments, arrangements and understandings under this Agreement and (B) Warburg Pincus to publish and disclose in its filings required under Sections 13(d) and 16 of the Exchange Act, its identity and ownership of the Owned Shares and the nature of its commitments, arrangements and understandings under this Agreement.
 
6.13           Effectiveness of Agreement.  The obligations of the Stockholders in this Agreement shall not be effective or binding upon the Stockholders until after such time as the Investment Agreement is executed and delivered by Warburg Pincus.
 

 
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  -8-
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Voting Agreement to be duly executed as of the day and year first above written.
 

 
WARBURG PINCUS PRIVATE EQUITY X, L.P.
 
By:   Warburg Pincus X L.P., its General Partner
    By:   Warburg Pincus X LLC, its General Partner
 
By:   Warburg Pincus Partners LLC, its Sole Member
 
By:   Warburg Pincus & Co., its Managing Member


By: /s/     Jonathan Leff                                 _
     Name:  Jonathan Leff
     Title:    Partner
 

[Signature Page to Voting Agreement]
 
 

 

STOCKHOLDERS
 

DEERFIELD PRIVATE DESIGN FUND, L.P.
By: Deerfield Capital, L.P., its General Partner
By: J.E. Flynn Capital, LLC, its General Partner


By: /s/     James E. Flynn                                 _
Name:  James E. Flynn
Title:    President



DEERFIELD PRIVATE DESIGN INTERNATIONAL, L.P.
By: Deerfield Capital, L.P., its General Partner
By: J.E. Flynn Capital, LLC, its General Partner


By: /s/     James E. Flynn                                 _ 
Name:  James E. Flynn
Title:    Director



DEERFIELD SPECIAL SITUATION FUND, L.P.
By:  Deerfield Capital, L.P., its General Partner
By:  J.E. Flynn Capital, LLC, its General Partner


By: /s/     James E. Flynn                                 _
Name:  James E. Flynn
Title:    President



DEERFIELD SPECIAL SITUATIONS FUND INTERNATIONAL LIMITED


By: /s/     James E. Flynn                                 _
Name:  James E. Flynn
Title:    Director



[Signature Page to Voting Agreement]
 
 

 
ATTACHMENT A
 
Details of Ownership
 
Stockholder
Number of Shares of Company Common Stock
Numbers of Shares of Company Common Stock Subject to Company Warrants
Deerfield Private Design Fund, L.P.
4,646,899
464,689
Deerfield Private Design International, L.P.
7,485,997
748,598
Deerfield Special Situation Fund, L.P.
1,924,316
85,658
Deerfield Special Situations Fund
International Limited
3,451,799
156,999

 

 

 

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