0001144204-18-050506.txt : 20180924 0001144204-18-050506.hdr.sgml : 20180924 20180924155548 ACCESSION NUMBER: 0001144204-18-050506 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180924 DATE AS OF CHANGE: 20180924 GROUP MEMBERS: ALEX NOAH INVESTORS, INC. GROUP MEMBERS: JONATHAN I. COPE GROUP MEMBERS: JOSHUA B. SCHEINFELD GROUP MEMBERS: LINCOLN PARK CAPITAL, LLC GROUP MEMBERS: ROCKLEDGE CAPITAL CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BIOCEPT INC CENTRAL INDEX KEY: 0001044378 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 330757995 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88624 FILM NUMBER: 181083459 BUSINESS ADDRESS: STREET 1: 5810 NANCY RIDGE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858-320-8200 MAIL ADDRESS: STREET 1: 5810 NANCY RIDGE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Lincoln Park Capital Fund, LLC CENTRAL INDEX KEY: 0001592644 IRS NUMBER: 010939472 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 440 NORTH WELLS STREET STREET 2: SUITE 410 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 312-822-9300 MAIL ADDRESS: STREET 1: 440 NORTH WELLS STREET STREET 2: SUITE 410 CITY: CHICAGO STATE: IL ZIP: 60654 SC 13G 1 tv503359_sc13g.htm SCHEDULE 13G

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. __)*

 


BIOCEPT, INC.
(Name of Issuer)
 
COMMON STOCK
(Title of Class of Securities)
 
09072V204
(CUSIP Number)
 
September 20, 2018
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)
þRule 13d-1(c)
¨Rule 13d-1(d)

 

(Page 1 of 14 Pages)

 

*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 the 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).

 

 

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 2 of 14

 

1

NAMES OF REPORTING PERSONS

 

Lincoln Park Capital Fund, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Illinois

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

394,263

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

394,263

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

394,263

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.99%

12

TYPE OF REPORTING PERSON

OO

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 3 of 14

 

1

NAMES OF REPORTING PERSONS

 

Lincoln Park Capital, LLC                             

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Illinois

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

394,263

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

394,263

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

394,263

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.99%

12

TYPE OF REPORTING PERSON

OO

 

 

 

  

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 4 of 14

 

1

NAMES OF REPORTING PERSONS

 

Rockledge Capital Corporation                            

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Texas

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

394,263

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

394,263

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

394,263

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.99%

12

TYPE OF REPORTING PERSON

CO

 

 

 

 

 SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 5 of 14

 

1

NAMES OF REPORTING PERSONS

 

Joshua B. Scheinfeld

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

394,263

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

394,263

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

394,263

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.99%

12

TYPE OF REPORTING PERSON

IN

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 6 of 14

 

1

NAMES OF REPORTING PERSONS

 

Alex Noah Investors, Inc.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Illinois

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

394,263

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

394,263

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

394,263

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.99%

12

TYPE OF REPORTING PERSON

CO

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 7 of 14

 

1

NAMES OF REPORTING PERSONS

 

Jonathan I. Cope

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

394,263

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

394,263

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

394,263

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.99%

12

TYPE OF REPORTING PERSON

IN

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 8 of 14

 

Item 1.

 

(a)Name of Issuer:

 

Biocept, Inc. (“Issuer”)

 

(b)Address of Issuer’s Principal Executive Offices:

  

5810 Nancy Ridge Drive

San Diego, CA 92121

 

Item 2.

 

(a)Name of Person Filing:

 

Lincoln Park Capital Fund, LLC (“LPC Fund”)

 

Lincoln Park Capital, LLC (“LPC”)

 

Rockledge Capital Corporation (“RCC”)

 

Joshua B. Scheinfeld (“Mr. Scheinfeld”)

 

Alex Noah Investors, Inc. (“Alex Noah”)

 

Jonathan I. Cope (“Mr. Cope” and, collectively with LPC Fund, LPC, RCC, Mr. Scheinfeld and Alex Noah, the “Reporting Persons”)

 

(b)Address of Principal Business Office, or if None, Residence:

 

The address of the principal business office of each of the Reporting Persons is:

 

440 North Wells, Suite 410

Chicago, Illinois 60654

 

(c)Citizenship:

 

LPC Fund is an Illinois limited liability company

 

LPC is an Illinois limited liability company

 

RCC is a Texas corporation

 

Mr. Scheinfeld is a United States citizen

 

 

 

  

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 9 of 14

 

Alex Noah is an Illinois corporation

 

Mr. Cope is a United States citizen

 

(d)Title of Class of Securities:

 

Common Stock (“Common Stock”)

 

(e)CUSIP Number:

 

09072V204

Item 3.

 

If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
  (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240. 13d-1(b)(1)(ii)(F);
  (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
  (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution ______________________

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 10 of 14

 

Item 4.Ownership.

 

Reporting person  Amount
beneficially
owned:
   Percent
of class1:
   Sole power
to vote or
direct
the vote:
   Shared
power to
vote or to
direct
the vote:
   Sole power to
dispose or to
direct the
disposition of:
   Shared power
to dispose or to
direct the
disposition of:
 
Lincoln Park Capital
Fund, LLC
   394,263    9.99%   0    394,263    0    394,263 
Lincoln Park Capital, LLC   394,263    9.99%   0    394,263    0    394,263 
Rockledge Capital Corporation   394,263    9.99%   0    394,263    0    394,263 
Joshua B. Scheinfeld   394,263    9.99%   0    394,263    0    394,263 
Alex Noah Investors, Inc.   394,263    9.99%   0    394,263    0    394,263 
Jonathan I. Cope   394,263    9.99%   0    394,263    0    394,263 

 

 

1Based on information provided to the Reporting Persons by the Issuer, there were a total of 3,904,739 shares of Common Stock outstanding as of September 20, 2018, after giving effect to the Issuer’s public offering of Common Stock and pre-funded warrants and concurrent private placement of warrants to purchase Common Stock on September 20, 2018 to certain investors, including LPC Fund.

 

As of September 20, 2018, LPC Fund owned, after giving effect to the Issuer’s public offering of Common Stock and pre-funded warrants and concurrent private placement of warrants to purchase Common Stock on September 20, 2018 to certain investors, including LPC Fund, directly, the following securities of the Issuer: (i) 352,413 shares of outstanding Common Stock; (ii) a pre-funded warrant to purchase 120,000 shares of Common Stock, subject to a 9.99% beneficial ownership cap, acquired by LPC Fund in the Issuer’s public offering of Common Stock and pre-funded warrants to purchase Common Stock on September 20, 2018 (the “September 2018 Pre-Funded Warrant”); (iii) a warrant to purchase up to 417,438 shares of Common Stock, acquired by LPC Fund in the Issuer’s private placement of warrants to purchase Common Stock on September 20, 2018 (the “September 2018 Warrant”); (iv) shares of Series A Preferred Stock that are convertible into 169,727 shares of Common Stock, subject to a 4.99% beneficial ownership cap (which, by notice to the Issuer dated September 20, 2018, LPC Fund has elected to increase from 4.99% to 9.99%, effective 61 days after such notice date), acquired by LPC Fund in August 2018 (the “August 2018 Preferred”); (v) a warrant to purchase up to 298,980 shares of Common Stock, subject to a 4.99% beneficial ownership cap (which, by notice to the Issuer dated September 20, 2018, LPC Fund has elected to increase from 4.99% to 9.99%, effective 61 days after such notice date), acquired by LPC Fund in August 2018 (the “August 2018 Warrant”); (vi) a warrant to purchase up to 33,333 shares of Common Stock, subject to a 4.99% beneficial ownership cap (which, by notice to the Issuer dated September 20, 2018, LPC Fund has elected to increase from 4.99% to 9.99%, effective 61 days after such notice date), acquired by LPC Fund in January 2018 (the “January 2018 Warrant”); (vii) a warrant to purchase up to 4,167 shares of Common Stock, subject to a 4.99% beneficial ownership cap (which, by notice to the Issuer dated September 20, 2018, LPC Fund has elected to increase from 4.99% to 9.99%, effective 61 days after such notice date), acquired by LPC Fund in October 2017 (the “October 2017 Warrant”); and (viii) a warrant to purchase up to 7,500 shares of Common Stock, subject to a 4.99% beneficial ownership cap (which, by notice to the Issuer dated September 20, 2018, LPC Fund has elected to increase from 4.99% to 9.99%, effective 61 days after such notice date), acquired by LPC Fund in October 2016 (the “October 2016 Warrant” which, collectively with the September 2018, August 2018, January 2018 and the October 2017 Warrant, the “Warrants”).

 

 

 

  

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 11 of 14

 

Accordingly, as of September 20, 2018, LPC Fund directly beneficially owned an aggregate of approximately 394,263 shares of Common Stock, consisting of: (i) 352,413 shares of outstanding Common Stock, after giving effect to the Issuer’s public offering of Common Stock and pre-funded warrants and concurrent private placement of warrants to purchase Common Stock on September 20, 2018 to certain investors, including LPC Fund; and (ii) 41,850 shares of Common Stock, representing the approximate maximum number of shares of Common Stock that may be acquired by LPC Fund as of September 20, 2018 upon exercise of the September 2018 Pre-Funded Warrant without exceeding the 9.99% beneficial ownership limitation on the exercise of such warrant contained therein.

 

Due to the number of shares of outstanding Common Stock owned by LPC Fund as of September 20, 2018, which represented approximately 9.03% of the then outstanding shares of Common Stock, after giving effect to the Issuer’s public offering of Common Stock and concurrent private placement of warrants to purchase Common Stock on September 20, 2018 to certain investors, including LPC Fund, neither the August 2018 Preferred, August 2018 Warrant, nor the January 2018, nor the October 2017 nor the October 2016 Warrant were exercisable by LPC Fund as of September 20, 2018, due to the 4.99% beneficial ownership limitations on the exercise of such warrants that were then in effect (which will remain in effect until the election to increase such percentage beneficial ownership limitation to 9.99% made by LPC Fund on September 20, 2018 becomes effective).

 

LPC is the Managing Member of LPC Fund.  RCC and Alex Noah are the Managing Members of LPC.  Mr. Scheinfeld is the president and sole shareholder of RCC, as well as a principal of LPC.  Mr. Cope is the president and sole shareholder of Alex Noah, as well as a principal of LPC. As a result of the foregoing, Mr. Scheinfeld and Mr. Cope have shared voting and shared investment power over the shares of Common Stock of the Issuer held directly by LPC Fund.

 

Pursuant to Section 13(d) of the Act and the rules thereunder, each of LPC, RCC, Mr. Scheinfeld, Alex Noah, and Mr. Cope may be deemed to be a beneficial owner of the shares of Common Stock of the Issuer held directly by LPC Fund.

 

Pursuant to Rule 13d-4 of the Act, each of LPC, RCC, Mr. Scheinfeld, Alex Noah, and Mr. Cope disclaims beneficial ownership of the shares of Common Stock of the Issuer held directly by LPC Fund.

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  09072V204 Page 12 of 14

 

Item 5.Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.

 

Item 6.Ownership of More Than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7.Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable.

 

Item 8.Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9.Notice of Dissolution of Group.

 

Not applicable.

 

Item 10.Certifications.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

 

  

SCHEDULE 13G

 

CUSIP NO.  09072V204

 

SIGNATURE

 

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

 

Dated:  September 24, 2018

 

LINCOLN PARK CAPITAL FUND, LLC   LINCOLN PARK CAPITAL, LLC
         
BY: LINCOLN PARK CAPITAL, LLC   BY: ROCKLEDGE CAPITAL CORPORATION
             
BY: ROCKLEDGE CAPITAL CORPORATION        
         
By: /s/ Joshua B. Scheinfeld   By: /s/ Joshua B. Scheinfeld
  Name: Joshua B. Scheinfeld     Name: Joshua B. Scheinfeld
  Title: President     Title: President
             
LINCOLN PARK CAPITAL FUND, LLC   LINCOLN PARK CAPITAL, LLC
         
BY: LINCOLN PARK CAPITAL, LLC   BY: ALEX NOAH INVESTORS, INC.
           
BY: ALEX NOAH INVESTORS, INC.      
       
By: /s/ Jonathan I. Cope   By: /s/ Jonathan I. Cope
  Name: Jonathan I. Cope     Name: Jonathan I. Cope
  Title: President     Title: President
             
ROCKLEDGE CAPITAL CORPORATION   ALEX NOAH INVESTORS, INC.
       
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title: President
         
JOSHUA B. SCHEINFELD    JONATHAN I. COPE
       
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title:

President 

 

 

 

 

LIST OF EXHIBITS

 

Exhibit No.   Description
     
1   Joint Filing Agreement

 

 

 

EX-99.1 2 tv503359_ex99-1.htm EXHIBIT 1

 

EXHIBIT 1

 

Joint Filing Agreement

 

The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13G, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

 

In accordance with Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such Schedule 13G with respect to the Common Shares of the Issuer, beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G.

 

[Signature Page Follows]

 

 

 

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of September 24, 2018.

 

LINCOLN PARK CAPITAL FUND, LLC   LINCOLN PARK CAPITAL, LLC
         
BY: LINCOLN PARK CAPITAL, LLC   BY: ROCKLEDGE CAPITAL CORPORATION
             
BY: ROCKLEDGE CAPITAL CORPORATION        
         
By: /s/ Joshua B. Scheinfeld   By: /s/ Joshua B. Scheinfeld
  Name: Joshua B. Scheinfeld     Name: Joshua B. Scheinfeld
  Title: President     Title: President
             
LINCOLN PARK CAPITAL FUND, LLC   LINCOLN PARK CAPITAL, LLC
         
BY: LINCOLN PARK CAPITAL, LLC   BY: ALEX NOAH INVESTORS, INC.
           
BY: ALEX NOAH INVESTORS, INC.      
       
By: /s/ Jonathan I. Cope   By: /s/ Jonathan I. Cope
  Name: Jonathan I. Cope     Name: Jonathan I. Cope
  Title: President     Title: President
             
ROCKLEDGE CAPITAL CORPORATION   ALEX NOAH INVESTORS, INC.
       
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title: President
         
JOSHUA B. SCHEINFELD    JONATHAN I. COPE
       
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title:

President