SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b),
(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. _______)*
HemoSense, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
423691 10 4
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2005
--------------------------------------------------------------------------------
(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)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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).
Page 1 of 14 Pages
Exhibit Index Contained on Page 12
---------------------------------------------------------- --------------------------------------
CUSIP NO. 423691 104 13 G Page 2 of 14
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only).
Vanguard V, L.P. ("VVLP")
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ ---------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 699,357 shares, except that Vanguard V Venture Partners, L.L.C.
SHARES ("VVVP"), the general partner of VVLP, may be deemed to have sole
BENEFICIALLY power to vote these shares, and Jack M. Gill ("Gill"), Curtis K. Myers
OWNED BY EACH REPORTING ("Myers"), Clifford H. Higgerson ("Higgerson") and Robert D. Ulrich
PERSON ("Ulrich"), the managing members of VVVP, may be deemed to have shared
WITH power to vote these shares.
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
699,357 shares, except that VVVP, the general partner of VVLP, may be
deemed to have sole power to dispose of these shares, and Gill, Myers,
Higgerson and Ulrich, the managing members of VVVP, may be deemed to
have shared power to dispose of these shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 699,357
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions)
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
------------ ---------------------------------------------------------------------------------------------------------
---------------------------------------------------------- --------------------------------------
CUSIP NO. 423691 104 13 G Page 3 of 14
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only).
Vanguard V Venture Partners, L.L.C. ("VVVP")
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ ---------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 699,357 shares, all of which are directly owned by VVLP. VVVP, the
SHARES general partner of VVLP, may be deemed to have sole power to vote
BENEFICIALLY these shares, and Gill, Myers, Higgerson and Ulrich, the managing
OWNED BY EACH REPORTING members of VVVP, may be deemed to have shared power to vote these
PERSON shares.
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
699,357 shares, all of which are directly owned by VVLP. VVVP, the
general partner of VVLP, may be deemed to have sole power to dispose
of these shares, and Gill, Myers, Higgerson and Ulrich, the managing
members of VVVP, may be deemed to have shared power to dispose of
these shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 699,357
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions)
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
------------ ---------------------------------------------------------------------------------------------------------
---------------------------------------------------------- --------------------------------------
CUSIP NO. 423691 104 13 G Page 4 of 14
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only).
Jack M. Gill
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Gill, a managing member of VVVP, may be
deemed to have shared power to vote these shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Gill, a managing member of VVVP, may be
deemed to have shared power to dispose of these shares.
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 699,357
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions)
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions) IN
------------ ---------------------------------------------------------------------------------------------------------
---------------------------------------------------------- --------------------------------------
CUSIP NO. 423691 104 13 G Page 5 of 14
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only).
Curtis K. Myers
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Myers, a managing member of VVVP, may be
deemed to have shared power to vote these shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Myers, a managing member of VVVP, may be
deemed to have shared power to dispose of these shares.
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 699,357
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions)
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions) IN
------------ ---------------------------------------------------------------------------------------------------------
---------------------------------------------------------- --------------------------------------
CUSIP NO. 423691 104 13 G Page 6 of 14
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only).
Clifford H. Higgerson
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Higgerson, a managing member of VVVP, may
be deemed to have shared power to vote these shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Higgerson, a managing member of VVVP, may
be deemed to have shared power to dispose of these shares.
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 699,357
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions)
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions) IN
------------ ---------------------------------------------------------------------------------------------------------
---------------------------------------------------------- --------------------------------------
CUSIP NO. 423691 104 13 G Page 7 of 14
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only).
Robert D. Ulrich
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Ulrich, a managing member of VVVP, may be
deemed to have shared power to vote these shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
699,357 shares, all of which are directly owned by VVLP. VVVP is the
general partner of VVLP, and Ulrich, a managing member of VVVP, may be
deemed to have shared power to dispose of these shares.
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 699,357
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions)
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions) IN
------------ ---------------------------------------------------------------------------------------------------------
--------------------------------- ---------------------------
CUSIP NO. 423691 104 13 G Page 8 of 14
--------------------------------- ---------------------------
ITEM 1(A). NAME OF ISSUER
--------------
HemoSense, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
-----------------------------------------------
c/o Red Rock Ventures
180 Lytton Avenue
Palo Alto, CA 94301
ITEM 2(A). NAME OF PERSONS FILING
----------------------
This Statement is filed by Vanguard V, L.P., a Delaware
limited partnership ("VVLP"), Vanguard V Venture Partners,
L.L.C., a Delaware limited liability company ("VVVP"), and
Jack M. Gill ("Gill"), Curtis K. Myers ("Myers"), Clifford H.
Higgerson ("Higgerson") and Robert D. Ulrich ("Ulrich"). The
foregoing entities and individuals are collectively referred
to as the "Reporting Persons."
VVVP, the general partner of VVLP, may be deemed to have sole
power to vote and sole power to dispose of shares of the
issuer directly owned by VVLP. Gill, Myers, Higgerson and
Ulrich are the managing members of VVVP and may be deemed to
have shared power to vote and shared power to dispose of
shares of the issuer directly owned by VVLP.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE
---------- ------------------------------------
The address for each of the Reporting Persons is:
Vanguard V, L.P.
525 University Avenue, Suite 1200
Palo Alto, California 94301
ITEM 2(C) CITIZENSHIP
-----------
VVLP is a Delaware limited partnership. VVVP is a Delaware
limited liability company. Gill, Myers, Higgerson and Ulrich
are United States citizens.
ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
---------------------------------------------
Common Stock
CUSIP #423691 10 4
ITEM 3. Not Applicable.
---------------
ITEM 4. OWNERSHIP
---------
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount beneficially owned:
--------------------------
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
-----------------
--------------------------------- ---------------------------
CUSIP NO. 423691 104 13 G Page 9 of 14
--------------------------------- ---------------------------
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
-----------------------------------------
See Row 5 of cover page for each Reporting
Person.
(ii) Shared power to vote or to direct the vote:
-------------------------------------------
See Row 6 of cover page for each Reporting
Person.
(iii) Sole power to dispose or to direct the
----------------------------------------------
disposition of:
---------------
See Row 7 of cover page for each Reporting
Person.
(iv) Shared power to dispose or to direct the
----------------------------------------------
disposition of:
---------------
See Row 8 of cover page for each Reporting
Person.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
--------------------------------------------
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
--------------------------------------------------------------
PERSON.
-------
Under certain circumstances set forth in the limited
partnership agreement of VVLP, and the limited liability
company agreement of VVVP, the general and limited partners or
members, as the case may be, of each of such entities may be
deemed to have the right to receive dividends from, or the
proceeds from, the sale of shares of the issuer owned by each
such entity of which they are a partner or member, as the case
may be.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
--------------------------------------------------------------
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
--------------------------------------------------------------
COMPANY
--------
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. CERTIFICATION.
--------------
Not applicable.
--------------------------------- ---------------------------
CUSIP NO. 423691 104 13 G Page 10 of 14
--------------------------------- ---------------------------
SIGNATURES
----------
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.
Date: February 7, 2006
Vanguard V, L.P. /s/ Laura Gwodsen
By Vanguard V Venture Partners, LLC -------------------------------
Its General Partner Signature
Laura Gwodsen
-------------------------------
Chief Financial Officer/
Attorney-In-Fact
Jack M. Gill /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
Curtis K. Myers /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
Clifford H. Higgerson /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
Robert D. Ulrich /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
--------------------------------- ---------------------------
CUSIP NO. 423691 104 13 G Page 11 of 14
--------------------------------- ---------------------------
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
--------------------------------- ---------------------------
CUSIP NO. 423691 104 13 G Page 12 of 14
--------------------------------- ---------------------------
EXHIBIT INDEX
-------------
Found on
Sequentially
Exhibit Numbered Page
------- -------------
Exhibit A: Agreement of Joint Filing 13
Exhibit B: Power of Attorney 14
--------------------------------- ---------------------------
CUSIP NO. 423691 104 13 G Page 13 of 14
--------------------------------- ---------------------------
EXHIBIT A
---------
Agreement of Joint Filing
-------------------------
The undersigned hereby agree that a single Schedule 13G (or any amendment
thereto) relating to the Common Stock of HemoSense, Inc. shall be filed on
behalf of each of the undersigned and that this Agreement shall be filed as an
exhibit to such Schedule 13G.
Date: February 7, 2006
Vanguard V, L.P. /s/ Laura Gwodsen
By Vanguard V Venture Partners, LLC -------------------------------
Its General Partner Signature
Laura Gwodsen
Chief Financial Officer/
Attorney-In-Fact
Jack M. Gill /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
Curtis K. Myers /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
Clifford H. Higgerson /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
Robert D. Ulrich /s/ Laura Gwodsen
-------------------------------
Laura Gwodsen
Attorney-In-Fact
--------------------------------- ---------------------------
CUSIP NO. 423691 104 13 G Page 14 of 14
--------------------------------- ---------------------------
EXHIBIT B
---------
Power of Attorney
-----------------
Each of the undersigned entities and individuals (collectively, the
"Reporting Persons") hereby authorizes and designates Vanguard V Venture
Partners, LLC or such other person or entity as is designated in writing by
Clifford Higgerson (the "Designated Filer") as the beneficial owner to prepare
and file on behalf of such Reporting Person individually, or jointly together
with the other Reporting Persons, any and all reports, notices, communications
and other documents (including, but not limited to, reports on Schedule 13D,
Schedule 13G, Form 13-F, Form 3, Form 4 and Form 5) that such Reporting Person
may be required to file with the United States Securities and Exchange
Commission pursuant to the Securities Act of 1933, as amended (together with the
implementing regulations thereto, the "Act") and the Securities Exchange Act of
1934, as amended (together with the implementing regulations thereto, the
"Exchange Act") (collectively, the "Reports") with respect to each Reporting
Person's ownership of, or transactions in, securities of any entity whose
securities are beneficially owned (directly or indirectly) by such Reporting
Person (collectively, the "Companies").
Each Reporting Person hereby further authorizes and designates Laura
Gwodsen (the "Authorized Signatory") to execute and file on behalf of such
Reporting Person the Reports and to perform any and all other acts, which in the
opinion of the Designated Filer or Authorized Signatory may be necessary or
incidental to the performance of the foregoing powers herein granted.
The authority of the Designated Filer and the Authorized Signatory under
this Document with respect to each Reporting Person shall continue until such
Reporting Person is no longer required to file any Reports with respect to the
Reporting Person's ownership of, or transactions in, the securities of the
Companies, unless earlier revoked in writing. Each Reporting Person acknowledges
that the Designated Filer and the Authorized Signatory are not assuming any of
the Reporting Person's responsibilities to comply with the Act or the Exchange
Act.
Date: February 7, 2006
Vanguard V Venture Partners, LLC /s/ Clifford H. Higgerson
----------------------------------------
Clifford H. Higgerson, Managing Member
Vanguard V, L.P. /s/ Clifford H. Higgerson
----------------------------------------
Clifford H. Higgerson, Managing Member
Jack M. Gill /s/ Jack M. Gill
----------------------------------------
Jack M. Gill
Curtis K. Myers /s/ Curtis K. Myers
----------------------------------------
Curtis K. Myers
Clifford H. Higgerson /s/ Clifford H. Higgerson
----------------------------------------
Clifford H. Higgerson
Robert D. Ulrich /s/ Robert D. Ulrich
----------------------------------------
Robert D. Ulrich