definiens: ) ] . means Santa Monica Capital Partners II, LLC, Parkash Gill, Ph.D., and the other shareholders of QUEST as of the EFFECTIVE DATE . For clarity, the FOUNDING SHAREHOLDERS include all of the persons and entities listed as investors in the on the Form 8 - K filed by QUEST on April 27, 2007 . For further clarity, the FOUNDING SHAREHOLDERS do not include the investors in the PRIVATE PLACEMENT . For further clarity, only one equity 10 02286/0001157148.3 milestone payment shall be payable to VITAE, and the milestone payment shall be triggered whether the LICENSED PRODUCT involved is a single agent product or as a COMBINATION PRODUCT that incorporates one of the above - identified LICENSED COMPOUNDS . QUEST shall use commercially reasonable efforts to achieve at least one of the above milestones . Upon issuance to VITAE of QUEST common stock pursuant to this Section 4.03, and as a condition thereto, VITAE shall execute and deliver to QUEST an appropriate form investment representation letter with respect to such common stock