Amendment to Letter Agreement between Meadows Office, L.L.C. and Cancer Genetics, Inc. (April 6, 2012)
Cancer Genetics, Inc. and Meadows Office, L.L.C. have orally agreed to amend their April 6, 2012 letter agreement. The landlord will not enforce the original July 31, 2012 deadline, giving the company more time to raise $20 million in capital. In return, Cancer Genetics, Inc. will provide the landlord with regular updates on its progress toward completing an initial public offering and its expected timing.
EXHIBIT 10.62
Written Description of Amendment to Letter Agreement, between Meadows Office, L.L.C. and Cancer Genetics, Inc., dated April 6, 2012:
Cancer Genetics, Inc. (the “Company”) and Meadows Office L.L.C. (the “Landlord”) orally agreed to amend the letter agreement dated April 6, 2012 (the “Letter Agreement”) as follows:
- The Landlord agreed not to enforce at present the July 31, 2012 deadline in the Letter Agreement and to allow the Company an unspecified amount of additional time to complete a capital raise of $20,000,000.
- The Company agreed to update the Landlord periodically regarding its progress towards consummating an initial public offering and its expected timing.
