Letter Agreement Extending Maturity Date under Amended and Restated Credit Agreement between Cancer Genetics, Inc. and NNJCA Capital, LLC
Cancer Genetics, Inc. and NNJCA Capital, LLC have agreed to extend the maturity date of a $1,500,000 loan under their existing Amended and Restated Credit Agreement and related Promissory Note to August 15, 2013. All other terms of the original agreement and note remain unchanged. This extension is intended to support Cancer Genetics, Inc.'s initial public offering. The agreement is signed by both parties' authorized representatives.
Exhibit 10.71
March 19, 2013
NNJCA Capital, LLC
100 First Street Suite 301
Hackensack, New Jersey 07601
Attention: Dr. Andrew Pecora
Re: | Amended and Restated Credit Agreement with Cancer Genetics, Inc. |
Dear Dr. Pecora:
This letter agreement will memorialize your agreement with respect to that certain Amended and Restated Credit Agreement, dated as of February 13, 2012 (the Credit Agreement), by and among Cancer Genetics, Inc., a Delaware corporation (the Company), John Pappajohn, Pecora and Company and NNJCA Capital, LLC (the Lenders), and the Promissory Note issued pursuant to the Credit Agreement in the principal amount of $1,500,000 (the Note). The promises set forth in this letter agreement are made to induce us and our underwriters to proceed with the Companys initial public offering, which is also beneficial to you.
You hereby irrevocably agree to extend the maturity date under the Credit Agreement and the Note to August 15, 2013. Other than as specifically set forth in this letter agreement, all other terms of the Credit Agreement and the Note are and will remain unchanged and in full force and effect.
Very truly yours, | ||
Cancer Genetics, Inc. | ||
By: | /s/ Panna L. Sharma | |
Panna L. Sharma | ||
President and CEO |
Agreed to and Accepted by: | ||
NNJCA CAPITAL, LLC | ||
By: | /s/ Andrew Pecora | |
Name: | Andrew Pecora | |
Title: | Manager (President) |