Amendment to Lease Letter Agreement Regarding Letter of Credit between Cancer Genetics, Inc. and Meadows Office, L.L.C.

Panna Sharma

Chief Executive Officer

Cancer Genetics, Inc

201 Route 17 North

Rutherford, NJ 07070

Accepted by:

/s/ John A. Saraceno

John A. Saraceno, Meadows Office, L.L.C.

March 20, 2013

Summary

Cancer Genetics, Inc. and Meadows Office, L.L.C. have agreed to amend their previous lease-related letter agreements. If Cancer Genetics, Inc. raises at least $5 million in capital by April 30, 2013, and is not in default under the lease, the required security deposit will be reduced to $300,000, with a $250,000 letter of credit already in place. All other terms of the prior agreement remain unchanged. This amendment is effective upon both parties' signatures.

EX-10.72 7 d254016dex1072.htm EX-10.72 EX-10.72

Exhibit 10.72

Empowering Personalized Cancer Treatment

March 20, 2013

Meadows Office, L.L.C.

900 Route 9 North

Woodbridge, NJ 07095

Attn: John A. Saraceno

RE:	Lease dated October 9, 2007 (the “Lease”)

201 Route 17 North, Meadows Office Complex, Rutherford, New Jersey

Amendment to April 6, 2012 Letter Agreement concerning the Letter of Credit (the “LOC”)

Dear John,

This letter will memorialize our agreement this morning to revise our Letter Agreements dated on March 8^th and April 6th, 2012 as follows:

•

If CGI is able, by April 30, 2013, to demonstrate to the reasonable satisfaction of Meadows that CGI has raised gross capital for the Company’s business by public financing, or loan financing, in the amount of at least $5,000,000 (five million U.S. dollars), then (provided CGI has not, during the period from the date of this letter through the date of such funding, defaulted in the performance of its obligations under the Lease), from and after the date of such funding, the amount of the security deposit required to be maintained by CGI under the Lease shall be reduced to $300,000 on a go-forward basis, for which an LOC for $250,000 is currently in place with Chase bank.

•

All other terms of the Letter Agreement remain in effect.

Please sign and date below to indicate your agreement.

Thank you for your help and flexibility in resolving this matter. As our business expands, we look forward to discussing our additional space needs with you in the future.

Sincerely,

/s/ Panna Sharma