Exhibit 10.46

 

CONSENT TO ASSIGNMENT

 

This Consent to Assignment (this “Agreement”) is executed as of July 19, 2019,
between Meadows Landmark LLC, a Delaware limited liability company (“Landlord”),
Cancer Genetics, Inc., a Delaware corporation (“Assignor”), Interpace BioPharma,
Inc., a Delaware corporation (“Assignee”).

 

RECITALS:

 

A. Assignor is the tenant under a certain Office Lease Agreement, dated October
9, 2007, between Meadows Office, L.L.C. (“MOLLC”), as landlord, and Assignor, as
tenant, as amended by a certain First Amendment to Lease, dated October 30,
2017, between Landlord (successor to MOLLC), as landlord, and Assignor, as
tenant (collectively, the “Lease”).

 

B. Assignor desires to assign unto Assignee all of Assignor’s rights, title and
interest as tenant in and to the Lease, and Assignee desires to accepts such
assignment and to assume and be bound by and to perform all duties and
obligations as tenant under the Lease. Assignor and Assignee have requested that
Landlord consent to such assignment and assumption (the “Assignment”), and
Landlord has agreed thereto, subject to and in accordance with the terms and
conditions contained herein.

 

AGREEMENTS

 

For valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

1. Consent. Subject to and in accordance with the terms and conditions contained
in this Agreement, Landlord hereby consents to the Assignment and waives any
applicable termination or other rights under the Lease arising solely in
connection with the Assignment. The Assignment shall be effectuated pursuant to
an assignment of lease between Assignor and Assignee, the exact form of which is
attached hereto as Exhibit A (the “Assignment”). Landlord’s consent contained
herein shall not waive its rights as to any subsequent assignment, sublease or
other transfer. Landlord hereby asserts that that, to Landlord’s actual
knowledge, the Lease is in full force and effect and acknowledges that, upon
receipt by Landlord of the full amount of the outstanding rent as set forth in
Section 4 of the Assignment (and any additional amounts of rent becoming due
under the Lease prior to the date of Landlord’s execution and delivery of this
Agreement), there is no default of Assignor under the Lease which has remained
uncured after any applicable period for notice and cure and no circumstance or
set of circumstances exists (including the Assignment) which, with the giving of
notice or the passage of time, or both, would constitute a default under the
Lease.

 

2. No Obligations Created. Each of the parties to this Agreement agree and
acknowledge that Landlord shall have no obligation or liability under the terms
of the Assignment. Without limiting the generality of the foregoing, Landlord
shall have no liability (and shall not be bound by) any modifications, deletions
or waivers of any provision of the Lease which Landlord has not agreed to
specifically in writing.

 

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3. Condition of Premises. Landlord makes no representations or warranties,
express or implied, concerning the condition of the Premises (as defined in the
Lease) and Assignee accepts the Premises in their “as-is” condition as of the
effective date of the Assignment.

 

4. Guaranty. In order to induce Landlord to enter into this Agreement, and in
consideration of Landlord’s entering into this Agreement, the full and faithful
keeping, performance and observance of all the covenants, agreements, terms,
provisions and conditions of the Lease provided to be kept, performed and
observed by the tenant thereunder (expressly including, without being limited
to, the payment as and when due of the Base Rent (as defined in the Lease) and
additional Rent (as defined in the Lease) payable by the tenant under the Lease)
and the payment of any and all other damages for which the tenant under the
Lease shall be liable by reason of any act or omission contrary to any of said
covenants, agreements, terms, provisions or conditions is being guaranteed by
Interpace Diagnostics Group, Inc. (“Guarantor”), by the execution by Guarantor
of the Guaranty attached to and made a part of the Assignment as Exhibit B (the
“Guaranty”). Assignor and Assignee confirm and acknowledge that Landlord would
not have entered into this Agreement but for the giving of the Guaranty by
Guarantor.

 

5. Brokerage. In no event shall Landlord be liable for any leasing or brokerage
commission with respect to the Assignment or the negotiation and execution of
the Assignment or this Agreement. Assignor and Assignee shall each jointly and
severally indemnify, defend and hold Landlord harmless from and against all
costs, expenses, attorney’s fees and other liability for commissions or other
compensation claimed by any broker or agent claiming the same by, through or
under the indemnifying party with respect to the Assignment or this Agreement.

 

6. Landlord’s Costs. Assignee shall, upon delivery of an invoice therefor;
reimburse Landlord for all of Landlord’s costs and expenses (including legal
fees incurred by Landlord) incurred in connection with the Assignment and this
Agreement.

 

7. Governing Law; Amendment; Entire Agreement. This Agreement shall be governed
by the laws of the State of New Jersey. This Agreement shall not be amended or
modified except by an instrument in writing signed by all the parties hereto and
this Agreement contains all of the agreements, understandings, representations
and warranties of the parties with respect to the subject matter hereof.

 

8. Counterparts. This Agreement may be executed in multiple counterparts, each
of which shall constitute an original, but all of which shall constitute one
document. Such counterparts may be transmitted electronically and any such
electronically transmitted counterparts shall be deemed to be an original
executed counterpart.

 

[SIGNATURE PAGE FOLLOWS]

 

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EXECUTED as of the date first written above.

 

 LANDLORD: MEADOWS LANDMARK LLC, a Delaware limited liability company        
By: /s/ John H. Rooser   Name: John H. Rooser   Title: Authorized Person    
 ASSIGNOR: CANCER GENETICS, INC., a Delaware corporation         By: /s/ John A.
Roberts   Name: John A. Roberts   Title: President & CEO     ASSIGNEE: INTERPACE
BIOPHARMA, INC., a Delaware corporation         By: /s/ Jack Stover     Jack
Stover     President and Chief Executive Officer

 

[Signature Page to Cancer Genetics, Inc. Consent to NJ Lease Assignment]

 

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EXHIBIT A

 

Lease Assignment

 

[Intentionally omitted]

 

 

 

 

EXHIBIT B

 

Form of Guaranty

 

[Intentionally omitted]

 

 

 

 

EXHIBIT C

 

Form of Consent to Assignment

 

[Intentionally omitted]