Exhibit
      10.27

    


    EXECUTION
      COPY

    


    COMMON
      STOCK PURCHASE AGREEMENT

    


    COMMON
      STOCK PURCHASE AGREEMENT
      (the
“Agreement”), dated as of November 5, 2008, by and between NEOGENOMICS,
      INC.,
      a
      Nevada corporation (the “Company”), and FUSION
      CAPITAL FUND II, LLC,
      an
      Illinois limited liability company (the “Buyer”). Capitalized terms used herein
      and not otherwise defined herein are defined in Section 10 hereof. 

        


    WHEREAS:

    


    Subject
      to the terms and conditions set forth in this Agreement, the Company wishes
      to
      sell to the Buyer, and the Buyer wishes to buy from the Company, up to Eight
      Million Dollars ($8,000,000) of the Company's common stock, par value $.001
      per
      share (the “Common Stock”). The shares of Common Stock to be purchased hereunder
      are referred to herein as the "Purchase Shares."

    


    NOW
      THEREFORE,
      the
      Company and the Buyer hereby agree as follows:

    


    1.
       PURCHASE
      OF COMMON STOCK. 

    


    Subject
      to the terms and conditions set forth in this Agreement, the Company has the
      right to sell to the Buyer, and the Buyer has the obligation to purchase from
      the Company, Purchase Shares as follows:

    


    (a) Commencement
      of Purchases of Common Stock.
      The
      purchase and sale of Purchase Shares hereunder shall occur from time to time
      upon written notices by the Company to the Buyer on the terms and conditions
      as
      set forth herein following the satisfaction of the conditions (the
“Commencement”) as set forth in Sections 6 and 7 below (the date of satisfaction
      of such conditions, the "Commencement Date"). 

    


    (b) The
      Company’s Right to Require Purchases.
      Any
      time on or after the Commencement Date, the Company shall have the right but
      not
      the obligation to direct the Buyer by its delivery to the Buyer of Base Purchase
      Notices from time to time to buy Purchase Shares (each such purchase a “Base
      Purchase”) in any amount up to Fifty Thousand Dollars ($50,000) per Base
      Purchase Notice (the “Base Purchase Amount”) at the Purchase Price on the
      Purchase Date. The Company may deliver multiple Base Purchase Notices to the
      Buyer so long as at least four (4) Business Days have passed since the most
      recent Base Purchase was completed. Notwithstanding the forgoing, any time
      on or
      after the Commencement Date, the Company shall also have the right but not
      the
      obligation by its delivery to the Buyer of Block Purchase Notices from time
      to
      time to direct the Buyer to buy Purchase Shares (each such purchase a “Block
      Purchase”) in any amount up to One Million Dollars ($1,000,000) per Block
      Purchase Notice at the Block Purchase Price (as defined below) on the Purchase
      Date as provided herein. For a Block Purchase Notice to be valid the following
      conditions must be met: (1) the Block Purchase Amount shall not exceed One
      Hundred Thousand Dollars ($100,000) per Block Purchase Notice, (2) the Company
      must deliver the Purchase Shares before 11:00 a.m. eastern time on the Purchase
      Date and (3) the Sale Price of the Common Stock must not be below $0.75 (subject
      to equitable adjustment for any reorganization, recapitalization, non-cash
      dividend, stock split or other similar transaction) during the Purchase Date,
      the date of the delivery of the Block Purchase Notice and during the Business
      Day prior to the delivery of the Block Purchase Notice. The Block Purchase
      Amount may be increased to up to Two Hundred Fifty Thousand Dollars ($250,000)
      per Block Purchase Notice if the Sale Price of the Common Stock is not below
      $1.20 (subject to equitable adjustment for any reorganization, recapitalization,
      non-cash dividend, stock split or other similar transaction) during the Purchase
      Date, the date of the delivery of the Block Purchase Notice and during the
      Business Day prior to the delivery of the Block Purchase Notice. The Block
      Purchase Amount may be increased to up to Five Hundred Thousand Dollars
      ($500,000) per Block Purchase Notice if the Sale Price of the Common Stock
      is
      not below $2.40 (subject to equitable adjustment for any reorganization,
      recapitalization, non-cash dividend, stock split or other similar transaction)
      during the Purchase Date, the date of the delivery of the Block Purchase Notice
      and during the Business Day prior to the delivery of the Block Purchase Notice.
      The Block Purchase Amount may be increased to up to One Million Dollars
      ($1,000,000) per Block Purchase Notice if the Sale Price of the Common Stock
      is
      not below $5.00 (subject to equitable adjustment for any reorganization,
      recapitalization, non-cash dividend, stock split or other similar transaction)
      during the Purchase Date, the date of the delivery of the Block Purchase Notice
      and during the Business Day prior to the delivery of the Block Purchase Notice.
      As used herein, the term “Block Purchase Price” shall mean the lesser of (i) the
      lowest Sale Price of the Common Stock on the Purchase Date or (ii) the lowest
      Purchase Price during the previous seven (7) Business Days prior to the date
      that the valid Block Purchase Notice was received by the Buyer. However, if
      at
      any time during the Purchase Date, the date of the delivery of the Block
      Purchase Notice or during the Business Day prior to the delivery of the Block
      Purchase Notice, the Sale Price of the Common Stock is below the applicable
      Block Purchase threshold price, such Block Purchase shall be void and the
      Buyer’s obligations to buy Purchase Shares in respect of that Block Purchase
      Notice shall be terminated. Thereafter, the Company shall again have the right
      to submit a Block Purchase Notice as set forth herein by delivery of a new
      Block
      Purchase Notice only if the Sale Price of the Common Stock is above the
      applicable Block Purchase threshold price during the date of the delivery of
      the
      Block Purchase Notice and during the Business Day prior to the delivery of
      the
      Block Purchase Notice. The Company may deliver multiple Block Purchase Notices
      to the Buyer so long as at least two (2) Business Days have passed since the
      most recent Block Purchase was completed. 


    
      
         

      

      
        
        

        
          

        

      

      
         

      

    


    (c) Payment
      for Purchase Shares.
      The
      Buyer shall pay to the Company an amount equal to the Purchase Amount with
      respect to such Purchase Shares as full payment for such Purchase Shares via
      wire transfer of immediately available funds on the same Business Day that
      the
      Buyer receives such Purchase Shares if they are received by the Buyer before
      11:00 a.m. eastern time or if received by the Buyer after 11:00 a.m. eastern
      time, the next Business Day. The Company shall not issue any fraction of a
      share
      of Common Stock upon any purchase. If the issuance would result in the issuance
      of a fraction of a share of Common Stock, the Company shall round such fraction
      of a share of Common Stock up or down to the nearest whole share. All payments
      made under this Agreement shall be made in lawful money of the United States
      of
      America or wire transfer of immediately available funds to such account as
      the
      Company may from time to time designate by written notice in accordance with
      the
      provisions of this Agreement. Whenever any amount expressed to be due by the
      terms of this Agreement is due on any day that is not a Business Day, the same
      shall instead be due on the next succeeding day that is a Business Day.


     

    (d) Purchase
      Price Floor.
      The
      Company and the Buyer shall not effect any sales under this Agreement on any
      Purchase Date where the Purchase Price for any purchases of Purchase Shares
      would be less than the Floor Price. “Floor Price” means $0.45, which
shall
      be
      appropriately adjusted for any reorganization, recapitalization, non-cash
      dividend, stock split or other similar transaction.

    


    (e) Records
      of Purchases.
      The
      Buyer and the Company shall each maintain records showing the remaining
      Available Amount at any give time and the dates and Purchase Amounts for each
      purchase or shall use such other method, reasonably satisfactory to the Buyer
      and the Company.


    
      
         

      

      
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    (f) Taxes.
      The
      Company shall pay any and all transfer, stamp or similar taxes that may be
      payable with respect to the issuance and delivery of any shares of Common Stock
      to the Buyer made under this Agreement.

    


    2. BUYER'S
      REPRESENTATIONS AND WARRANTIES.

    


    The
      Buyer
      represents and warrants to the Company that as of the date hereof and as of
      the
      Commencement Date: 

    


    (a) Investment
      Purpose.
      The
      Buyer is entering into this Agreement and acquiring the Commitment Shares (as
      defined in Section 4(e) hereof) and the Purchase Shares (the Purchase Shares
      and
      the Commitment Shares are collectively referred to herein as the "Securities"),
      for its own account for investment only and not with a view towards, or for
      resale in connection with, the public sale or distribution thereof; provided
      however, by making the representations herein, the Buyer does not agree to
      hold
      any of the Securities for any minimum or other specific term other than as
      set
      forth in Section 4(e) with respect to the Commitment Shares.

     

    (b) Accredited
      Investor Status.
      The
      Buyer is an "accredited investor" as that term is defined in Rule 501(a)(3)
      of
      Regulation D.

    


    (c) Reliance
      on Exemptions.
      The
      Buyer understands that the Securities are being offered and sold to it in
      reliance on specific exemptions from the registration requirements of United
      States federal and state securities laws and that the Company is relying in
      part
      upon the truth and accuracy of, and the Buyer's compliance with, the
      representations, warranties, agreements, acknowledgments and understandings
      of
      the Buyer set forth herein in order to determine the availability of such
      exemptions and the eligibility of the Buyer to acquire the
      Securities.

    


    (d) Information.
      The
      Buyer has been furnished with all materials relating to the business, finances
      and operations of the Company and materials relating to the offer and sale
      of
      the Securities that have been reasonably requested by the Buyer, including,
      without limitation, the SEC Documents (as defined in Section 3(f) hereof).
      The
      Buyer understands that its investment in the Securities involves a high degree
      of risk. The Buyer (i) is able to bear the economic risk of an investment in
      the
      Securities including a total loss, (ii) has such knowledge and experience in
      financial and business matters that it is capable of evaluating the merits
      and
      risks of the proposed investment in the Securities and (iii) has had an
      opportunity to ask questions of and receive answers from the officers of the
      Company concerning the financial condition and business of the Company and
      others matters related to an investment in the Securities. Neither such
      inquiries nor any other due diligence investigations conducted by the Buyer
      or
      its representatives shall modify, amend or affect the Buyer's right to rely
      on
      the Company's representations and warranties contained in Section 3 below.
      The
      Buyer has sought such accounting, legal and tax advice as it has considered
      necessary to make an informed investment decision with respect to its
      acquisition of the Securities.

    


    (e) No
      Governmental Review.
      The
      Buyer understands that no United States federal or state agency or any other
      government or governmental agency has passed on or made any recommendation
      or
      endorsement of the Securities or the fairness or suitability of the investment
      in the Securities nor have such authorities passed upon or endorsed the merits
      of the offering of the Securities.


    
      
         

      

      
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    (f) Transfer
      or Sale.
      The
      Buyer understands that except as provided in the Registration Rights Agreement
      (as defined in Section 4(a) hereof): (i) the Securities have not been and are
      not being registered under the 1933 Act or any state securities laws, and may
      not be offered for sale, sold, assigned or transferred unless (A) subsequently
      registered thereunder or (B) an exemption exists permitting such Securities
      to
      be sold, assigned or transferred without such registration; (ii) any sale of
      the
      Securities made in reliance on Rule 144 may be made only in accordance with
      the
      terms of Rule 144 and further, if Rule 144 is not applicable, any resale of
      the
      Securities under circumstances in which the seller (or the person through whom
      the sale is made) may be deemed to be an underwriter (as that term is defined
      in
      the 1933 Act) may require compliance with some other exemption under the 1933
      Act or the rules and regulations of the SEC thereunder; and (iii) neither the
      Company nor any other person is under any obligation to register the Securities
      under the 1933 Act or any state securities laws or to comply with the terms
      and
      conditions of any exemption thereunder.

    


    (g) Validity;
      Enforcement.
      This
      Agreement has been duly and validly authorized, executed and delivered on behalf
      of the Buyer and is a valid and binding agreement of the Buyer enforceable
      against the Buyer in accordance with its terms, subject as to enforceability
      to
      general principles of equity and to applicable bankruptcy, insolvency,
      reorganization, moratorium, liquidation and other similar laws relating to,
      or
      affecting generally, the enforcement of applicable creditors' rights and
      remedies. 

    


    (h) Residency.
      The
      Buyer is a resident of the State of Illinois.

    


    (i) No
      Prior Short Selling.
      The
      Buyer represents and warrants to the Company that at no time prior to the date
      of this Agreement has any of the Buyer, its agents, representatives or
      affiliates engaged in or effected, in any manner whatsoever, directly or
      indirectly, any (i) "short sale" (as such term is defined in Section 242.200
      of
      Regulation SHO of the Securities Exchange Act of 1934, as amended (the "1934
      Act")) of the Common Stock or (ii) hedging transaction, which establishes a
      net
      short position with respect to the Common Stock.

    


    3. REPRESENTATIONS
      AND WARRANTIES OF THE COMPANY.

    


    The
      Company represents and warrants to the Buyer that as of the date hereof and
      as
      of the Commencement Date:

    


    (a) Organization
      and Qualification.
      The
      Company and its "Subsidiaries" (which for purposes of this Agreement means
      any
      entity in which the Company, directly or indirectly, owns 50% or more of the
      voting stock or capital stock or other similar equity interests) are
      corporations duly organized and validly existing in good standing under the
      laws
      of the jurisdiction in which they are incorporated, and have the requisite
      corporate power and authority to own their properties and to carry on their
      business as now being conducted. Each of the Company and its Subsidiaries is
      duly qualified as a foreign corporation to do business and is in good standing
      in every jurisdiction in which its ownership of property or the nature of the
      business conducted by it makes such qualification necessary, except to the
      extent that the failure to be so qualified or be in good standing could not
      reasonably be expected to have a Material Adverse Effect. As used in this
      Agreement, "Material Adverse Effect" means any material adverse effect on any
      of: (i) the business, properties, assets, operations, results of operations
      or
      financial condition of the Company and its Subsidiaries, if any, taken as a
      whole, or (ii) the authority or ability of the Company to perform its
      obligations under the Transaction Documents (as defined in Section 3(b) hereof).
      The Company has no Subsidiaries except as set forth on Schedule
      3(a).


    
      
         

      

      
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    (b) Authorization;
      Enforcement; Validity.
      (i) The
      Company has the requisite corporate power and authority to enter into and
      perform its obligations under this Agreement, the Registration Rights Agreement
      and each of the other agreements entered into by the parties on the Commencement
      Date and attached hereto as exhibits to this Agreement (collectively, the
      "Transaction Documents"), and to issue the Securities in accordance with the
      terms hereof and thereof, (ii) the execution and delivery of the Transaction
      Documents by the Company and the consummation by it of the transactions
      contemplated hereby and thereby, including without limitation, the issuance
      of
      the Commitment Shares and the reservation for issuance and the issuance of
      the
      Purchase Shares issuable under this Agreement, have been duly authorized by
      the
      Company's Board of Directors and no further consent or authorization is required
      by the Company, its Board of Directors or its shareholders, (iii) this Agreement
      has been, and each other Transaction Document shall be on the Commencement
      Date,
      duly executed and delivered by the Company and (iv) this Agreement constitutes,
      and each other Transaction Document upon its execution on behalf of the Company,
      shall constitute, the valid and binding obligations of the Company enforceable
      against the Company in accordance with their terms, except as such
      enforceability may be limited by general principles of equity or applicable
      bankruptcy, insolvency, reorganization, moratorium, liquidation or similar
      laws
      relating to, or affecting generally, the enforcement of creditors' rights and
      remedies. The Board of Directors of the Company has approved the resolutions
      (the “Signing Resolutions”) substantially in the form as set forth as
Exhibit
      C-1
      attached
      hereto to authorize this Agreement and the transactions contemplated hereby.
      The
      Signing Resolutions are valid, in full force and effect and have not been
      modified or supplemented in any respect other than by the resolutions set forth
      in Exhibit
      C-2
      attached
      hereto regarding the registration statement referred to in Section 4 hereof.
      The
      Company has delivered to the Buyer a true and correct copy of a certificate
      of
      the Secretary of the Company certifying that the Signing Resolutions were duly
      adopted at a meeting of the Board of Directors of the Company. No other
      approvals or consents of the Company’s Board of Directors and/or shareholders is
      necessary under applicable laws and the Company’s Articles of Incorporation
      and/or Bylaws to authorize the execution and delivery of this Agreement or
      any
      of the transactions contemplated hereby, including, but not limited to, the
      issuance of the Commitment Shares and the issuance of the Purchase
      Shares.

    


    (c) Capitalization.
      As of
      October 22, 2008, the authorized capital stock of the Company consists of (i)
      100,000,000 shares of Common Stock, of which 31,707,212 shares were issued
      and
      outstanding; 3,869,357 shares are reserved for future issuance pursuant to
      the
      Company's stock option plans of which only approximately 579,231 shares remain
      available for future option grants and 6,237,838 shares are issuable and
      reserved for issuance pursuant to securities (other than stock options issued
      pursuant to the Company's stock option plans) exercisable or exchangeable for,
      or convertible into, shares of Common Stock and (ii) 10,000,000 shares of
      Preferred Stock, $0.001 par value, of which as of the date hereof no shares
      are
      issued and outstanding. All of such outstanding shares have been, or upon
      issuance will be, validly issued and are fully paid and nonassessable. Except
      as
      disclosed in Schedule 3(c), (i) no shares of the Company's capital stock are
      subject to preemptive rights or any other similar rights or any liens or
      encumbrances suffered or permitted by the Company, (ii) there are no outstanding
      debt securities, (iii) other than as listed in the first sentence of this
      paragraph, there are no outstanding options, warrants, scrip, rights to
      subscribe to, calls or commitments of any character whatsoever relating to,
      or
      securities or rights convertible into, any shares of capital stock of the
      Company or any of its Subsidiaries, or contracts, commitments, understandings
      or
      arrangements by which the Company or any of its Subsidiaries is or may become
      bound to issue additional shares of capital stock of the Company or any of
      its
      Subsidiaries or options, warrants, scrip, rights to subscribe to, calls or
      commitments of any character whatsoever relating to, or securities or rights
      convertible into, any shares of capital stock of the Company or any of its
      Subsidiaries, (iv) there are no agreements or arrangements under which the
      Company or any of its Subsidiaries is obligated to register the sale of any
      of
      their securities under the 1933 Act (except the Registration Rights Agreement,
      the Amended and Restated Registration Rights Agreement dated March 23, 2005
      among the Company, Aspen Select Healthcare, LP, John Elliot, Steven Jones,
      Larry
      Kunert and Michael T. Dent, M.D., and the Registration Rights Agreement dated
      March 30, 2006 among the Company, Aspen Select Healthcare, LP and Steven C.
      Jones), (v) there are no outstanding securities or instruments of the Company
      or
      any of its Subsidiaries which contain any redemption or similar provisions,
      and
      there are no contracts, commitments, understandings or arrangements by which
      the
      Company or any of its Subsidiaries is or may become bound to redeem a security
      of the Company or any of its Subsidiaries, (vi) there are no securities or
      instruments containing anti-dilution or similar provisions that will be
      triggered by the issuance of the Securities as described in this Agreement
      and
      (vii) the Company does not have any stock appreciation rights or "phantom stock"
      plans or agreements or any similar plan or agreement. The Company has furnished
      to the Buyer true and correct copies of the Company's Articles of Incorporation,
      as amended and as in effect on the date hereof (the "Articles of
      Incorporation"), and the Company's By-laws, as amended and as in effect on
      the
      date hereof (the "By-laws"), and summaries of the terms of all securities
      convertible into or exercisable for Common Stock, if any, and copies of any
      documents containing the material rights of the holders thereof in respect
      thereto.


    
      
         

      

      
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    (d) Issuance
      of Securities.
      The
      Commitment Shares have been duly authorized and, upon issuance in accordance
      with the terms hereof, the Commitment Shares shall be (i) validly issued, fully
      paid and non-assessable and (ii) free from all taxes, liens and charges with
      respect to the issue thereof. [3,000,000] shares of Common Stock have been
      duly
      authorized and reserved for issuance upon purchase under this Agreement. Upon
      issuance and payment therefor in accordance with the terms and conditions of
      this Agreement, the Purchase Shares shall be validly issued, fully paid and
      nonassessable and free from all taxes, liens and charges with respect to the
      issue thereof, with the holders being entitled to all rights accorded to a
      holder of Common Stock.

    


    (e) No
      Conflicts.
      Except
      as disclosed in Schedule 3(e), the execution, delivery and performance of the
      Transaction Documents by the Company and the consummation by the Company of
      the
      transactions contemplated hereby and thereby (including, without limitation,
      the
      reservation for issuance and issuance of the Purchase Shares) will not (i)
      result in a violation of the Articles of Incorporation, any Certificate of
      Designations, Preferences and Rights of any outstanding series of preferred
      stock of the Company or the By-laws or (ii) conflict with, or constitute a
      default (or an event which with notice or lapse of time or both would become
      a
      default) under, or give to others any rights of termination, amendment,
      acceleration or cancellation of, any agreement, indenture or instrument to
      which
      the Company or any of its Subsidiaries is a party, or result in a violation
      of
      any law, rule, regulation, order, judgment or decree (including federal and
      state securities laws and regulations and the rules and regulations of the
      Principal Market applicable to the Company or any of its Subsidiaries) or by
      which any property or asset of the Company or any of its Subsidiaries is bound
      or affected, except in the case of conflicts, defaults, terminations,
      amendments, accelerations, cancellations and violations under clause (ii),
      which
      could not reasonably be expected to result in a Material Adverse Effect. Except
      as disclosed in Schedule 3(e), neither the Company nor its Subsidiaries is
      in
      violation of any term of or in default under its Articles of Incorporation,
      any
      Certificate of Designation, Preferences and Rights of any outstanding series
      of
      preferred stock of the Company or By-laws or their organizational charter or
      by-laws, respectively. Except as disclosed in Schedule 3(e), neither the Company
      nor any of its Subsidiaries is in violation of any term of or is in default
      under any material contract, agreement, mortgage, indebtedness, indenture,
      instrument, judgment, decree or order or any statute, rule or regulation
      applicable to the Company or its Subsidiaries, except for possible conflicts,
      defaults, terminations or amendments which could not reasonably be expected
      to
      have a Material Adverse Effect. The business of the Company and its Subsidiaries
      is not being conducted, and shall not be conducted, in violation of any law,
      ordinance, regulation of any governmental entity, except for possible
      violations, the sanctions for which either individually or in the aggregate
      could not reasonably be expected to have a Material Adverse Effect. Except
      as
      specifically contemplated by this Agreement and as required under the 1933
      Act
      or applicable state securities laws, the Company is not required to obtain
      any
      consent, authorization or order of, or make any filing or registration with,
      any
      court or governmental agency or any regulatory or self-regulatory agency in
      order for it to execute, deliver or perform any of its obligations under or
      contemplated by the Transaction Documents in accordance with the terms hereof
      or
      thereof. Except as disclosed in Schedule 3(e), all consents, authorizations,
      orders, filings and registrations which the Company is required to obtain
      pursuant to the preceding sentence shall be obtained or effected on or prior
      to
      the Commencement Date. Except as listed in Schedule 3(e), since October 1,
      2007,
      the Company has not received nor delivered any notices or correspondence from
      or
      to the Principal Market. The Principal Market has not commenced any delisting
      proceedings against the Company.


    
      
         

      

      
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    (f) SEC
      Documents; Financial Statements.
      Except
      as disclosed in Schedule 3(f), since January 1, 2007, the Company has timely
      filed all reports, schedules, forms, statements and other documents required
      to
      be filed by it with the SEC pursuant to the reporting requirements of the 1934
      Act (all of the foregoing filed prior to the date hereof and all exhibits
      included therein and financial statements and schedules thereto and documents
      incorporated by reference therein being hereinafter referred to as the "SEC
      Documents"). As of their respective dates (except as they have been correctly
      amended), the SEC Documents complied in all material respects with the
      requirements of the 1934 Act and the rules and regulations of the SEC
      promulgated thereunder applicable to the SEC Documents, and none of the SEC
      Documents, at the time they were filed with the SEC (except as they may have
      been properly amended), contained any untrue statement of a material fact or
      omitted to state a material fact required to be stated therein or necessary
      in
      order to make the statements therein, in light of the circumstances under which
      they were made, not misleading. As of their respective dates (except as they
      have been properly amended), the financial statements of the Company included
      in
      the SEC Documents complied as to form in all material respects with applicable
      accounting requirements and the published rules and regulations of the SEC
      with
      respect thereto. Such financial statements have been prepared in accordance
      with
      generally accepted accounting principles, consistently applied, during the
      periods involved (except (i) as may be otherwise indicated in such financial
      statements or the notes thereto or (ii) in the case of unaudited interim
      statements, to the extent they may exclude footnotes or may be condensed or
      summary statements) and fairly present in all material respects the financial
      position of the Company as of the dates thereof and the results of its
      operations and cash flows for the periods then ended (subject, in the case
      of
      unaudited statements, to normal year-end audit adjustments). Except as listed
      in
      Schedule 3(f), the Company has received no notices or correspondence from the
      SEC since October 1, 2007.
      The SEC
      has not commenced any enforcement proceedings against the Company or any of
      its
      subsidiaries.

    


    (g) Absence
      of Certain Changes.
      Except
      as disclosed in Schedule 3(g), since June 30, 2008, there has been no material
      adverse change in the business, properties, operations, financial condition
      or
      results of operations of the Company or its Subsidiaries. The Company has not
      taken any steps, and does not currently expect to take any steps, to seek
      protection pursuant to any Bankruptcy Law nor does the Company or any of its
      Subsidiaries have any knowledge or reason to believe that its creditors intend
      to initiate involuntary bankruptcy or
      insolvency proceedings. The Company is financially solvent and is generally
      able
      to pay its debts as they become due. 

    


    (h) Absence
      of Litigation.
      There
      is no action, suit, proceeding, inquiry or investigation before or by any court,
      public board, government agency, self-regulatory organization or body pending
      or, to the knowledge of the Company or any of its Subsidiaries, threatened
      against or affecting the Company, the Common Stock or any of the Company's
      Subsidiaries or any of the Company's or the Company's Subsidiaries' officers
      or
      directors in their capacities as such, which could reasonably be expected to
      have a Material Adverse Effect. A description of each action, suit, proceeding,
      inquiry or investigation before or by any court, public board, government
      agency, self-regulatory organization or body which, as of the date of this
      Agreement, is pending or threatened in writing against or affecting the Company,
      the Common Stock or any of the Company's Subsidiaries or any of the Company's
      or
      the Company's Subsidiaries' officers or directors in their capacities as such,
      is set forth in Schedule 3(h).


    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    


    (i) Acknowledgment
      Regarding Buyer's Status.
      The
      Company acknowledges and agrees that the Buyer is acting solely in the capacity
      of arm's length purchaser with respect to the Transaction Documents and the
      transactions contemplated hereby and thereby. The Company further acknowledges
      that the Buyer is not acting as a financial advisor or fiduciary of the Company
      (or in any similar capacity) with respect to the Transaction Documents and
      the
      transactions contemplated hereby and thereby and any advice given by the Buyer
      or any of its representatives or agents in connection with the Transaction
      Documents and the transactions contemplated hereby and thereby is merely
      incidental to the Buyer's purchase of the Securities. The Company further
      represents to the Buyer that the Company's decision to enter into the
      Transaction Documents has been based solely on the independent evaluation by
      the
      Company and its representatives and advisors.

    


    (j) No
      General Solicitation.
      Neither
      the Company, nor any of its affiliates, nor any person acting on its or their
      behalf, has engaged in any form of general solicitation or general advertising
      (within the meaning of Regulation D under the 1933 Act) in connection with
      the
      offer or sale of the Securities.

    


    (k) Intellectual
      Property Rights.
      The
      Company and its Subsidiaries own or possess adequate rights or licenses to
      use
      all material trademarks, trade names, service marks, service mark registrations,
      service names, patents, patent rights, copyrights, inventions, licenses,
      approvals, governmental authorizations, trade secrets and rights necessary
      to
      conduct their respective businesses as now conducted. Except as set forth on
      Schedule 3(k), none of the Company's material trademarks, trade names, service
      marks, service mark registrations, service names, patents, patent rights,
      copyrights, inventions, licenses, approvals, government authorizations, trade
      secrets or other intellectual property rights have expired or terminated, or,
      by
      the terms and conditions thereof, could expire or terminate within two years
      from the date of this Agreement. The Company and its Subsidiaries do not have
      any knowledge of any infringement by the Company or its Subsidiaries of any
      material trademark, trade name rights, patents, patent rights, copyrights,
      inventions, licenses, service names, service marks, service mark registrations,
      trade secret or other similar rights of others, or of any such development
      of
      similar or identical trade secrets or technical information by others and,
      except as set forth on Schedule 3(k), there is no claim, action or proceeding
      being made or brought against, or to the Company's knowledge, being threatened
      against, the Company or its Subsidiaries regarding trademark, trade name,
      patents, patent rights, invention, copyright, license, service names, service
      marks, service mark registrations, trade secret or other infringement, which
      could reasonably be expected to have a Material Adverse Effect.

    


    (l) Environmental
      Laws.
      The
      Company and its Subsidiaries (i) are in compliance with any and all applicable
      foreign, federal, state and local laws and regulations relating to the
      protection of human health and safety, the environment or hazardous or toxic
      substances or wastes, pollutants or contaminants (“Environmental Laws”), (ii)
      have received all permits, licenses or other approvals required of them under
      applicable Environmental Laws to conduct their respective businesses and (iii)
      are in compliance with all terms and conditions of any such permit, license
      or
      approval, except where, in each of the three foregoing clauses, the failure
      to
      so comply could not reasonably be expected to have, individually or in the
      aggregate, a Material Adverse Effect.

    


    (m) Title.
      The
      Company and its Subsidiaries have good and marketable title in fee simple to
      all
      real property and good and marketable title to all personal property owned
      by
      them which is material to the business of the Company and its Subsidiaries,
      in
      each case free and clear of all liens, encumbrances and defects except such
      as
      are described in Schedule 3(m) or liens on equipment securing purchase
      money-indebtedness of the Company or such as do not materially affect the value
      of such property and do not interfere with the use made and proposed to be
      made
      of such property by the Company and any of its Subsidiaries. Any real property
      and facilities held under lease by the Company and any of its Subsidiaries
      are
      held by them under valid, subsisting and enforceable leases with such exceptions
      as are not material and do not interfere with the use made and proposed to
      be
      made of such property and buildings by the Company and its
      Subsidiaries.


    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    


    (n) Insurance.
      The
      Company and each of its Subsidiaries are insured by insurers of recognized
      financial responsibility against such losses and risks and in such amounts
      as
      management of the Company believes to be prudent and customary in the businesses
      in which the Company and its Subsidiaries are engaged. Neither the Company
      nor
      any such Subsidiary has been refused any insurance coverage sought or applied
      for and neither the Company nor any such Subsidiary has any reason to believe
      that it will not be able to renew its existing insurance coverage as and when
      such coverage expires or to obtain similar coverage from similar insurers as
      may
      be necessary to continue its business at a cost that would not materially and
      adversely affect the condition, financial or otherwise, or the earnings,
      business or operations of the Company and its Subsidiaries, taken as a
      whole.

    


    (o) Regulatory
      Permits.
      The
      Company and its Subsidiaries possess all material certificates, authorizations
      and permits issued by the appropriate federal, state or foreign regulatory
      authorities necessary to conduct their respective businesses, and neither the
      Company nor any such Subsidiary has received any notice of proceedings relating
      to the revocation or modification of any such certificate, authorization or
      permit.

    


    (p) Tax
      Status.
      The
      Company and each of its Subsidiaries has made or filed all federal and state
      income and all other material tax returns, reports and declarations required
      by
      any jurisdiction to which it is subject (unless and only to the extent that
      the
      Company and each of its Subsidiaries has set aside on its books provisions
      reasonably adequate for the payment of all unpaid and unreported taxes) and
      has
      paid all taxes and other governmental assessments and charges that are material
      in amount, shown or determined to be due on such returns, reports and
      declarations, except those being contested in good faith and has set aside
      on
      its books provision reasonably adequate for the payment of all taxes for periods
      subsequent to the periods to which such returns, reports or declarations apply.
      There are no unpaid taxes in any material amount claimed to be due by the taxing
      authority of any jurisdiction, and the officers of the Company know of no basis
      for any such claim.

    


    (q) Transactions
      With Affiliates.
      Except
      as set forth on Schedule 3(q) and other than the grant or exercise of stock
      options disclosed on Schedule 3(c), none of the officers, directors, or
      employees of the Company is presently a party to any transaction with the
      Company or any of its Subsidiaries (other than for services as employees,
      officers and directors), including any contract, agreement or other arrangement
      providing for the furnishing of services to or by, providing for rental of
      real
      or personal property to or from, or otherwise requiring payments to or from
      any
      officer, director or such employee or, to the knowledge of the Company, any
      corporation, partnership, trust or other entity in which any officer, director,
      or any such employee has an interest or is an officer, director, trustee or
      partner.

    


    (r) Application
      of Takeover Protections.
      The
      Company and its board of directors have taken or will take prior to the
      Commencement Date all necessary action, if any, in order to render inapplicable
      any control share acquisition, business combination, poison pill (including
      any
      distribution under a rights agreement) or other similar anti-takeover provision
      under the Articles of Incorporation or the laws of the state of its
      incorporation which is or could become applicable to the Buyer as a result
      of
      the transactions contemplated by this Agreement, including, without limitation,
      the Company's issuance of the Securities and the Buyer's ownership of the
      Securities.

    


    (s) Foreign
      Corrupt Practices.
      Neither
      the Company, nor any of its Subsidiaries, nor any director, officer, agent,
      employee or other person acting on behalf of the Company or any of its
      Subsidiaries has, in the course of its actions for, or on behalf of, the
      Company, used any corporate funds for any unlawful contribution, gift,
      entertainment or other unlawful expenses relating to political activity; made
      any direct or indirect unlawful payment to any foreign or domestic government
      official or employee from corporate funds; violated or is in violation of any
      provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or
      made
      any unlawful bribe, rebate, payoff, influence payment, kickback or other
      unlawful payment to any foreign or domestic government official or
      employee.


    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    


    4. COVENANTS.

    


    (a) Filing
      of Form 8-K and Registration Statement.
      The
      Company agrees that it shall, within the time required under the 1934 Act,
      disclose this Agreement and the transactions contemplated hereby. The Company
      shall also file within thirty (30) Business Days from the date hereof a new
      registration statement covering the sale of the Commitment Shares, the Signing
      Shares (as defined in Section 5 hereof) and 3,000,000 Purchase Shares in
      accordance with the terms of the Registration Rights Agreement between the
      Company and the Buyer, dated as of the date hereof (“Registration Rights
      Agreement”). The Company shall not be required to register any additional
      Purchase Shares beyond the 3,000,000 unless the Company elects to sell more
      than
      3,000,000 Purchase Shares hereunder. 

    


    (b) Blue
      Sky.
      The
      Company shall take such action, if any, as is reasonably necessary in order
      to
      obtain an exemption for or to qualify (i) the initial sale of the Commitment
      Shares and any Purchase Shares to the Buyer under this Agreement and (ii) any
      subsequent resale of the Commitment Shares and any Purchase Shares by the Buyer,
      in each case, under applicable securities or "Blue Sky" laws of the states
      of
      the United States in such states as is reasonably requested by the Buyer from
      time to time, and shall provide evidence of any such action so taken to the
      Buyer.

    


    (c) Listing.
      The
      Company shall promptly secure the listing of all of the Purchase Shares and
      Commitment Shares upon each national securities exchange and automated quotation
      system, if any, upon which shares of Common Stock are then listed (subject
      to
      official notice of issuance) and shall maintain, so long as any other shares
      of
      Common Stock shall be so listed, such listing of all such securities from time
      to time issuable under the terms of the Transaction Documents. The Company
      shall
      maintain the Common Stock's authorization for quotation on the Principal Market.
      Neither the Company nor any of its Subsidiaries shall take any action that
      would
      be reasonably expected to result in the delisting or suspension of the Common
      Stock on the Principal Market. The Company shall pay all fees and expenses
      in
      connection with satisfying its obligations under this Section.

    


    (d) Limitation
      on Short Sales and Hedging Transactions.
      The
      Buyer agrees that beginning on the date of this Agreement and ending on the
      date
      of termination of this Agreement as provided in Section 11(k), the Buyer and
      its
      agents, representatives and affiliates shall not in any manner whatsoever enter
      into or effect, directly or indirectly, any (i) "short sale" (as such term
      is
      defined in Section 242.200 of Regulation SHO of the 1934 Act) of the Common
      Stock or (ii) hedging transaction, which establishes a net short position with
      respect to the Common Stock. 

    


    (e) Issuance
      of Commitment Shares; Limitation on Sales of Commitment Shares.
      Immediately upon the execution of this Agreement, the Company shall issue to
      the
      Buyer as consideration for the Buyer entering into this Agreement 400,000 shares
      of Common Stock (the "Commitment Shares"). The Commitment
      Shares shall be issued in certificated form and (subject to Section 5 hereof)
      shall bear the following restrictive legend:


    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    


    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS, UNLESS SOLD PURSUANT TO: (1) RULE 144 UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED, OR (2) AN OPINION OF HOLDER’S COUNSEL,
      IN A CUSTOMARY FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR
      APPLICABLE STATE SECURITIES LAWS.

    


    The
      Buyer
      agrees that the Buyer shall not pledge, transfer or sell the Commitment Shares
      until the earlier of 600 Business Days (30 Monthly Periods) from the date hereof
      or the date on which this Agreement has been terminated, provided, however,
      that
      such restrictions shall not apply: (i) in connection with any transfers to
      or
      among affiliates (as defined in the 1934 Act), (ii) in the event that the
      Commencement does not occur on or before March 31, 2009, due to the failure
      of
      the Company to satisfy the conditions set forth in Section 7, or (iii) if an
      Event of Default has occurred, or any event which, after notice and/or lapse
      of
      time, would become an Event of Default, including any failure by the Company
      to
      timely issue Purchase Shares under this Agreement. Notwithstanding the forgoing,
      the Buyer may transfer Commitment Shares to a third party in order to settle
      a
      sale made by the Buyer where the Buyer reasonably expects the Company to deliver
      Purchase Shares to the Buyer under this Agreement so long as the Buyer maintains
      ownership of the same overall number of shares of Common Stock by "replacing"
      the Commitment Shares so transferred with Purchase Shares when the Purchase
      Shares are actually issued by the Company to the Buyer. 

    


    (f) Due
      Diligence.
      The
      Buyer shall have the right, from time to time as the Buyer may reasonably deem
      appropriate, to perform reasonable due diligence on the Company during normal
      business hours. The Company and its officers and employees shall provide
      information and reasonably cooperate with the Buyer in connection with any
      reasonable request by the Buyer related to the Buyer's due diligence of the
      Company, including, but not limited to, any such request made by the Buyer
      in
      connection with (i) the filing of the registration statement described in
      Section 4(a) hereof and (ii) the Commencement. Each party hereto agrees not
      to
      disclose any Confidential Information of the other party to any third party
      and
      shall not use the Confidential Information for any purpose other than in
      connection with, or in furtherance of, the transactions contemplated hereby.
      Each party hereto acknowledges that the Confidential Information shall remain
      the property of the disclosing party and agrees that it shall take all
      reasonable measures to protect the secrecy of any Confidential Information
      disclosed by the other party. 

    


    5. TRANSFER
      AGENT INSTRUCTIONS.

    


    Immediately
      upon the execution of this Agreement, the Company shall deliver to the Transfer
      Agent a letter in the form as set forth as Exhibit
      E
      attached
      hereto with respect to the issuance of the Commitment Shares. On
      the
      Commencement Date, the Company shall cause any restrictive legend on the
      Commitment Shares and the 17,500 shares of Common Stock issued to the Buyer
      upon
      signing that certain Term Sheet between the Buyer and the Company and dated
      as
      of October 10, 2008 (the “Signing Shares”) to be removed and all of the Purchase
      Shares to be issued under this Agreement shall be issued without any restrictive
      legend unless the Buyer expressly consents otherwise. The Company shall issue
      irrevocable instructions to the Transfer Agent, and any subsequent transfer
      agent, to issue Purchase Shares in the name of the Buyer for the Purchase Shares
      (the "Irrevocable Transfer Agent Instructions"). The Company warrants to the
      Buyer that no instruction other than the Irrevocable Transfer Agent Instructions
      referred to in this Section 5, will be given by the Company to the Transfer
      Agent with respect to the Purchase Shares and that the Commitment Shares,
      Signing Shares and the Purchase Shares shall otherwise be freely transferable
      on
      the books and records of the Company as and to the extent provided in this
      Agreement and the Registration Rights Agreement subject to the provisions of
      Section 4(e) in the case of the Commitment Shares.


    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

    


    
      
        6.
          CONDITIONS
          TO THE COMPANY'S RIGHT TO COMMENCE SALES
          OF SHARES OF COMMON STOCK UNDER THIS
          AGREEMENT.

      

    

    


    The
      right
      of the Company hereunder to commence sales of the Purchase Shares is subject
      to
      the satisfaction of each of the following conditions on or before the
      Commencement Date (the date that the Company may begin sales):

    


    (a) The
      Buyer
      shall have executed each of the Transaction Documents and delivered the same
      to
      the Company; 

    


    (b) A
      registration statement covering the sale of all of the Commitment
      Shares,
      Signing
      Shares and
      Purchase Shares shall have been declared effective under the 1933 Act by the
      SEC
      and no stop order with respect to the registration statement shall be pending
      or
      threatened by the SEC. 

    


    
      
        7.
          CONDITIONS
          TO THE BUYER'S OBLIGATION TO MAKE PURCHASES
          OF SHARES OF COMMON STOCK.

      

    

    


    The
      obligation of the Buyer to buy Purchase Shares under this Agreement is subject
      to the satisfaction of each of the following conditions on or before the
      Commencement Date (the date that the Company may begin sales) and once such
      conditions have been initially satisfied, there shall not be any ongoing
      obligation to satisfy such conditions after the Commencement has
      occurred:

    


    (a) The
      Company shall have executed each of the Transaction Documents and delivered
      the
      same to the Buyer;

    


    (b) The
      Company shall have issued to the Buyer the Commitment Shares and shall have
      removed the restrictive transfer legend from the certificate representing the
      Commitment Shares and Signing Shares; 

    


    (c) The
      Common Stock shall be authorized for quotation on the Principal Market, trading
      in the Common Stock shall not have been within the last 365 days suspended
      by
      the SEC or the Principal Market and the Purchase Shares and the Commitment
      Shares shall be approved for listing upon the Principal Market;

    


    (d) The
      Buyer
      shall have received the opinions of the Company's legal counsel dated as of
      the
      Commencement Date substantially in the form of Exhibit
      A
      attached
      hereto;

    


    (e) The
      representations and warranties of the Company shall be true and correct in
      all
      material respects (except to the extent that any of such representations and
      warranties is already qualified as to materiality in Section 3 above, in which
      case, such representations and warranties shall be true and correct without
      further qualification) as of the date when made and as of the Commencement
      Date
      as though made at that time (except for representations and warranties that
      speak as of a specific date) and the Company shall have performed, satisfied
      and
      complied with the covenants, agreements and conditions required by the
      Transaction Documents to be performed, satisfied or complied with by the Company
      at or prior to the Commencement Date. The Buyer shall have received a
      certificate, executed by the CEO, President or CFO of the Company, dated as
      of
      the Commencement Date, to the foregoing effect in the form attached hereto
      as
Exhibit
      B;


    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

    


    (f) The
      Board
      of Directors of the Company shall have adopted resolutions in the form attached
      hereto as Exhibit
      C
      which
      shall be in full force and effect without any amendment or supplement thereto
      as
      of the Commencement Date; 

    


    (g) As
      of the
      Commencement Date, the Company shall have reserved out of its authorized and
      unissued Common Stock, solely for the purpose of effecting purchases of Purchase
      Shares hereunder, 3,000,000 shares of Common Stock;

    


    (h) The
      Irrevocable Transfer Agent Instructions, in form acceptable to the Buyer shall
      have been delivered to and acknowledged in writing by the Company and the
      Company's Transfer Agent;

    


    (i) The
      Company shall have delivered to the Buyer a certificate evidencing the
      incorporation and good standing of the Company in the State of Nevada issued
      by
      the Secretary of State of the State of Nevada as of a date within ten (10)
      Business Days of the Commencement Date;

    


    (j) The
      Company shall have delivered to the Buyer a certified copy of the Articles
      of
      Incorporation as certified by the Secretary of State of the State of Nevada
      within ten (10) Business Days of the Commencement Date;

    


    (k) The
      Company shall have delivered to the Buyer a secretary's certificate executed
      by
      the Secretary of the Company, dated as of the Commencement Date, in the form
      attached hereto as Exhibit
      D;

    


    (l) A
      registration statement covering the sale of all of the Commitment
      Shares,
      Signing
      Shares and Purchase Shares shall have been declared effective under the 1933
      Act
      by the SEC and no stop order with respect to the registration statement shall
      be
      pending or threatened by the SEC. The Company shall have prepared and delivered
      to the Buyer a final and complete form of prospectus, dated and current as
      of
      the Commencement Date, to be used by the Buyer in connection with any sales
      of
      any Commitment Shares, Signing Shares or any Purchase Shares, and to be filed
      by
      the Company one Business Day after the Commencement Date. The Company shall
      have
      made all filings under all applicable federal and state securities laws
      necessary to consummate the issuance of the Commitment Shares,
      Signing
      Shares and the Purchase Shares pursuant to this Agreement in compliance with
      such laws;

    


    (m) No
      Event
      of Default has occurred, or any event which, after notice and/or lapse of time,
      would become an Event of Default has occurred;

    


    (n) On
      or
      prior to the Commencement Date, the Company shall take all necessary action,
      if
      any, and such actions as reasonably requested by the Buyer, in order to render
      inapplicable any control share acquisition, business combination, shareholder
      rights plan or poison pill (including any distribution under a rights agreement)
      or other similar anti-takeover provision under the Articles of Incorporation
      or
      the laws of the state of its incorporation which is or could become applicable
      to the Buyer as a result of the transactions contemplated by this Agreement,
      including, without limitation, the Company's issuance of the Securities and
      the
      Buyer's ownership of the Securities; and


    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

    


    (o) The
      Company shall have provided the Buyer with the information requested by the
      Buyer in connection with its due diligence requests made prior to, or in
      connection with, the Commencement, in accordance with the terms of Section
      4(g)
      hereof.

    


    
      
        8.
          INDEMNIFICATION.
          

      

    

    


    In
      consideration of the Buyer's execution and delivery of the Transaction Documents
      and acquiring the Securities hereunder and in addition to all of the Company's
      other obligations under the Transaction Documents, the Company shall defend,
      protect, indemnify and hold harmless the Buyer and all of its affiliates,
      shareholders, officers, directors, employees and direct or indirect investors
      and any of the foregoing person's agents or other representatives (including,
      without limitation, those retained in connection with the transactions
      contemplated by this Agreement) (collectively, the "Indemnitees") from and
      against any and all actions, causes of action, suits, claims, losses, costs,
      penalties, fees, liabilities and damages, and expenses in connection therewith
      (irrespective of whether any such Indemnitee is a party to the action for which
      indemnification hereunder is sought), and including reasonable attorneys' fees
      and disbursements (the "Indemnified Liabilities"), incurred by any Indemnitee
      as
      a result of, or arising out of, or relating to (a) any misrepresentation or
      breach of any representation or warranty made by the Company in the Transaction
      Documents or any other certificate, instrument or document contemplated hereby
      or thereby, (b) any breach of any covenant, agreement or obligation of the
      Company contained in the Transaction Documents or any other certificate,
      instrument or document contemplated hereby or thereby, or (c) any cause of
      action, suit or claim brought or made against such Indemnitee and arising out
      of
      or resulting from the execution, delivery, performance or enforcement of the
      Transaction Documents or any other certificate, instrument or document
      contemplated hereby or thereby, other than with respect to Indemnified
      Liabilities which directly and primarily result from the gross negligence or
      willful misconduct of the Indemnitee. To the extent that the foregoing
      undertaking by the Company may be unenforceable for any reason, the Company
      shall make the maximum contribution to the payment and satisfaction of each
      of
      the Indemnified Liabilities which is permissible under applicable
      law.

    


    9. EVENTS
      OF DEFAULT. 

    


    An
      "Event
      of Default" shall be deemed to have occurred at any time as any of the following
      events occurs:

    


    (a) while
      any
      registration statement is required to be maintained effective pursuant to the
      terms of the Registration Rights Agreement, the effectiveness of such
      registration statement lapses for any reason (including, without limitation,
      the
      issuance of a stop order) or is unavailable to the Buyer for sale of all of
      the
      Registrable Securities (as defined in the Registration Rights Agreement) in
      accordance with the terms of the Registration Rights Agreement, and such lapse
      or unavailability continues for a period of twenty (20) consecutive Business
      Days or for more than an aggregate of sixty (60) Business Days in any 365-day
      period;

    


    (b) the
      suspension from trading or failure of the Common Stock to be listed on the
      Principal Market for a period of three (3) consecutive Business
      Days;

    


    (c) the
      delisting of the Company’s Common Stock from the Principal Market, provided,
      however, that the Common Stock is not immediately thereafter trading on the
      New
      York Stock Exchange, the Nasdaq Global Market, the Nasdaq Global Select Market,
      the Nasdaq Capital Market or the American Stock Exchange;


    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

    


    (d) the
      failure for any reason by the Transfer Agent to issue Purchase Shares to the
      Buyer within five (5) Business Days after the applicable Purchase Date which
      the
      Buyer is entitled to receive;

    


    (e) the
      Company breaches any representation, warranty, covenant or other term or
      condition under any Transaction Document if such breach could have a Material
      Adverse Effect and except, in the case of a breach of a covenant which is
      reasonably curable, only if such breach continues for a period of at least
      five
      (5) Business Days;

    


    (f) if
      any
      Person commences a proceeding against the Company pursuant to or within the
      meaning of any Bankruptcy Law ; 

    


    (g) if
      the
      Company pursuant to or within the meaning of any Bankruptcy Law; (A) commences
      a
      voluntary case, (B) consents to the entry of an order for relief against it
      in
      an involuntary case, (C) consents to the appointment of a Custodian of it or
      for
      all or substantially all of its property, (D) makes a general assignment for
      the
      benefit of its creditors, (E) becomes insolvent, or (F) is generally unable
      to
      pay its debts as the same become due;

    


    (h) a
      court
      of competent jurisdiction enters an order or decree under any Bankruptcy Law
      that (A) is for relief against the Company in an involuntary case, (B) appoints
      a Custodian of the Company or for all or substantially all of its property,
      or
      (C) orders the liquidation of the Company or any Subsidiary; or 

    


    (i) a
      material adverse change in the business, properties, operations, financial
      condition or results of operations of the Company and its Subsidiaries taken
      as
      a whole.

    


    In
      addition to any other rights and remedies under applicable law and this
      Agreement, including the Buyer termination rights under Section 11(k) hereof,
      so
      long as an Event of Default has occurred and is continuing, or if any event
      which, after notice and/or lapse of time, would become an Event of Default,
      has
      occurred and is continuing, or so long as the Purchase Price is below the
      Purchase Price Floor, the Buyer shall not be permitted or obligated to purchase
      any shares of Common Stock under this Agreement. If pursuant to or within the
      meaning of any Bankruptcy Law, the Company commences a voluntary case or any
      Person commences a proceeding against the Company, a Custodian is appointed
      for
      the Company or for all or substantially all of its property, or the Company
      makes a general assignment for the benefit of its creditors, (any of which
      would
      be an Event of Default as described in Sections 9(f), 9(g) and 9(h) hereof)
      this Agreement shall automatically terminate without any liability or payment
      to
      the Company without further action or notice by any Person. No such termination
      of this Agreement under Section 11(k)(i) shall affect the Company's or the
      Buyer's obligations under this Agreement with respect to pending purchases
      and
      the Company and the Buyer shall complete their respective obligations with
      respect to any pending purchases under this Agreement.

    


    10. CERTAIN
      DEFINED TERMS. 

    


    For
      purposes of this Agreement, the following terms shall have the following
      meanings:

    


    (a) “1933
      Act” means the Securities Act of 1933, as amended.


    
      
         

      

      
        -15-

        
          

        

      

      
         

      

    


    (b) “Available
      Amount” means initially Eight Million Dollars ($8,000,000) in the aggregate
      which amount shall be reduced by the Purchase Amount each time the Buyer
      purchases shares of Common Stock pursuant to Section 1 hereof.

    


    (c) “Bankruptcy
      Law” means Title 11, U.S. Code, or any similar federal or state law for the
      relief of debtors. 

    


    (d)
       “Base
      Purchase Notice” shall mean an irrevocable written notice from the Company to
      the Buyer directing the Buyer to buy up to the Base Purchase Amount in Purchase
      Shares as specified by the Company therein at the applicable Purchase Price
      on
      the Purchase Date. 

    


    (e) “Block
      Purchase Amount” shall mean such Block Purchase Amount as specified by the
      Company in a Block Purchase Notice subject to Section 1(b) hereof.

    


    (f) “Block
      Purchase Notice” shall mean an irrevocable written notice from the Company to
      the Buyer directing the Buyer to buy the Block Purchase Amount in Purchase
      Shares as specified by the Company therein at the Block Purchase Price as of
      the
      Purchase Date subject to Section 1 hereof.

    


    (d) “Business
      Day” means any day on which the Principal Market is open for trading including
      any day on which the Principal Market is open for trading for a period of time
      less than the customary time. 

    


    (e) “Closing
      Sale Price” means, for any security as of any date, the last closing trade price
      for such security on the Principal Market as reported by the Principal Market,
      or, if the Principal Market is not the principal securities exchange or trading
      market for such security, the last closing trade price of such security on
      the
      principal securities exchange or trading market where such security is listed
      or
      traded as reported by the Principal Market. 

    


    (f) “Confidential
      Information” means any information disclosed by either party to the other party,
      either directly or indirectly, in writing, orally or by inspection of tangible
      objects (including, without limitation, documents, prototypes, samples, plant
      and equipment), which is designated as "Confidential," "Proprietary" or some
      similar designation. Information communicated orally shall be considered
      Confidential Information if such information is confirmed in writing as being
      Confidential Information within ten (10) Business Days after the initial
      disclosure. Confidential Information may also include information disclosed
      to a
      disclosing party by third parties. Confidential Information shall not, however,
      include any information which (i) was publicly known and made generally
      available in the public domain prior to the time of disclosure by the disclosing
      party; (ii) becomes publicly known and made generally available after disclosure
      by the disclosing party to the receiving party through no action or inaction
      of
      the receiving party; (iii) is already in the possession of the receiving party
      at the time of disclosure by the disclosing party as shown by the receiving
      party’s files and records immediately prior to the time of disclosure; (iv) is
      obtained by the receiving party from a third party without a breach of such
      third party’s obligations of confidentiality; (v) is independently developed by
      the receiving party without use of or reference to the disclosing party’s
      Confidential Information, as shown by documents and other competent evidence
      in
      the receiving party’s possession; or (vi) is required by law to be disclosed by
      the receiving party, provided that the receiving party gives the disclosing
      party prompt written notice of such requirement prior to such disclosure and
      assistance in obtaining an order protecting the information from public
      disclosure. 


    
      
         

      

      
        -16-

        
          

        

      

      
         

      

    

    


    (g) “Custodian”
      means any receiver, trustee, assignee, liquidator or similar official under
      any
      Bankruptcy Law. 

    


    (h) “Maturity
      Date” means the date that is 600 Business Days (30 Monthly Periods) from the
      Commencement Date. 

     

    (i) “Monthly
      Period” means each successive 20 Business Day period commencing with the
      Commencement Date. 

    


    (j) “Person”
      means an individual or entity including any limited liability company, a
      partnership, a joint venture, a corporation, a trust, an unincorporated
      organization and a government or any department or agency thereof. 

    


    (k) “Principal
      Market” means the OTC Bulletin Board; provided however, that in the event the
      Company’s Common Stock is ever listed or traded on the Nasdaq Global Market, the
      Nasdaq Global Select Market, the Nasdaq Capital Market, the New York Stock
      Exchange or the American Stock Exchange, then the “Principal Market” shall mean
      such other market or exchange on which the Company’s Common Stock is then listed
      or traded. 

    


    (l) “Purchase
      Amount” means, with respect to any particular purchase made hereunder, the
      portion of the Available Amount to be purchased by the Buyer pursuant to Section
      1 hereof as set forth in a valid Base Purchase Notice or a valid Block Purchase
      Notice which the Company delivers to the Buyer. 

    


    (m) “Purchase
      Date” means with respect to any particular purchase made hereunder, the Business
      Day after receipt by the Buyer of a valid Base Purchase Notice or a valid Block
      Purchase Notice that the Buyer is to buy Purchase Shares pursuant to Section
      1
      hereof. 

    


    (n) “Purchase
      Price” means the lower of the (A) the lowest Sale Price of the Common
      Stock on the Purchase Date and (B) the arithmetic average of the three (3)
      lowest Closing Sale Prices for the Common Stock during the twelve (12)
      consecutive Business Days ending on the Business Day immediately preceding
      such
      Purchase Date (to be appropriately adjusted for any reorganization,
      recapitalization, non-cash dividend, stock split or other similar transaction).
      

    


    (o) “Sale
      Price” means, any trade price for the shares of Common Stock on the Principal
      Market as reported by the Principal Market. 

    


    (q) “SEC”
      means the United States Securities and Exchange Commission. 

    


    (r) “Transfer
      Agent” means the transfer agent of the Company as set forth in Section 11(f)
      hereof or such other person who is then serving as the transfer agent for the
      Company in respect of the Common Stock.


    
      
         

      

      
        -17-

        
          

        

      

      
         

      

    


    11. MISCELLANEOUS.

    


    (a) Governing
      Law; Jurisdiction; Jury Trial.
      The
      corporate laws of the State of Nevada shall govern all issues concerning the
      relative rights of the Company and its shareholders. All other questions
      concerning the construction, validity, enforcement and interpretation of this
      Agreement and the other Transaction Documents shall be governed by the internal
      laws of the State of Illinois, without giving effect to any choice of law or
      conflict of law provision or rule (whether of the State of Illinois or any
      other
      jurisdictions) that would cause the application of the laws of any jurisdictions
      other than the State of Illinois. Each party hereby irrevocably submits to
      the
      exclusive jurisdiction of the state and federal courts sitting in the City
      of
      Chicago, for the adjudication of any dispute hereunder or under the other
      Transaction Documents or in connection herewith or therewith, or with any
      transaction contemplated hereby or discussed herein, and hereby irrevocably
      waives, and agrees not to assert in any suit, action or proceeding, any claim
      that it is not personally subject to the jurisdiction of any such court, that
      such suit, action or proceeding is brought in an inconvenient forum or that
      the
      venue of such suit, action or proceeding is improper. Each party hereby
      irrevocably waives personal service of process and consents to process being
      served in any such suit, action or proceeding by mailing a copy thereof to
      such
      party at the address for such notices to it under this Agreement and agrees
      that
      such service shall constitute good and sufficient service of process and notice
      thereof. Nothing contained herein shall be deemed to limit in any way any right
      to serve process in any manner permitted by law. EACH
      PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
      REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN
      CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
      CONTEMPLATED HEREBY.

    


    (b) Counterparts.
      This
      Agreement may be executed in two or more identical counterparts, all of which
      shall be considered one and the same agreement and shall become effective when
      counterparts have been signed by each party and delivered to the other party;
      provided that a facsimile signature shall be considered due execution and shall
      be binding upon the signatory thereto with the same force and effect as if
      the
      signature were an original, not a facsimile signature.

    


    (c) Headings.
      The
      headings of this Agreement are for convenience of reference and shall not form
      part of, or affect the interpretation of, this Agreement.

    


    (d) Severability.
      If any
      provision of this Agreement shall be invalid or unenforceable in any
      jurisdiction, such invalidity or unenforceability shall not affect the validity
      or enforceability of the remainder of this Agreement in that jurisdiction or
      the
      validity or enforceability of any provision of this Agreement in any other
      jurisdiction.

    


    (e) Entire
      Agreement.
      With
      the exception of the Mutual Nondisclosure Agreement between the parties dated
      as
      of October 15, 2008, this Agreement supersedes all other prior oral or written
      agreements between the Buyer, the Company, their affiliates and persons acting
      on their behalf with respect to the matters discussed herein, and this
      Agreement, the other Transaction Documents and the instruments referenced herein
      contain the entire understanding of the parties with respect to the matters
      covered herein and therein and, except as specifically set forth herein or
      therein, neither the Company nor the Buyer makes any representation, warranty,
      covenant or undertaking with respect to such matters. The Company acknowledges
      and agrees that is has not relied on, in any manner whatsoever, any
      representations or statements, written or oral, other than as expressly set
      forth in this Agreement.

    


    (f) Notices.
      Any
      notices, consents or other communications required or permitted to be given
      under the terms of this Agreement must be in writing and will be deemed to
      have
      been delivered: (i) upon receipt when delivered personally; (ii) upon receipt
      when sent by facsimile (provided confirmation of transmission is mechanically
      or
      electronically generated and kept on file by the sending party); or (iii) one
      Business Day after deposit with a nationally recognized overnight delivery
      service, in each case properly addressed to the party to receive the same.
      The
      addresses and facsimile numbers for such communications shall
      be:


    
      
         

      

      
        -18-

        
          

        

      

      
         

      

    

    


    If
      to the
      Company:

    NeoGenomics,
      Inc.

    12701
      Commonwealth Drive, Suite 9

    Forty
      Myers, FL 33913

    Telephone:   
      239-768-0600

    Facsimile:      
      239-768-1672

    Attention:     
      Chief
      Financial Officer

    


    With
      a
      copy to:

    K&L
      Gates LLP

    Wachovia
      Financial Center

    200
      South
      Biscayne Boulevard, Suite 3900

    Miami,
      Florida 33131

    Telephone:   305-539-3300

    Facsimile:     
      305-358-7095

    Attention:     Clayton
      E. Parker, Esq.

    


    If
      to the
      Buyer:

    Fusion
      Capital Fund II, LLC

    222
      Merchandise Mart Plaza, Suite 9-112

    Chicago,
      IL 60654

    Telephone:   312-644-6644

    Facsimile:     
      312-644-6244

    Attention:    
      Steven
      G.
      Martin

    


    If
      to the
      Transfer Agent:

    Standard
      Registrar & Transfer Company

    12528 South
      1840 

    East
      Draper, Utah 84020

    Telephone:
      (801) 571-8844 

    Facsimile:
      (801) 571-2551 

    Attention:
      Ronald Harrington, President

    


    or
      at
      such other address and/or facsimile number and/or to the attention of such
      other
      person as the recipient party has specified by written notice given to each
      other party three (3) Business Days prior to the effectiveness of such change.
      Written confirmation of receipt (A) given by the recipient of such notice,
      consent or other communication, (B) mechanically or electronically generated
      by
      the sender's facsimile machine containing the time, date, and recipient
      facsimile number or (C) provided by a nationally recognized overnight delivery
      service, shall be rebuttable evidence of personal service, receipt by facsimile
      or receipt from a nationally recognized overnight delivery service in accordance
      with clause (i), (ii) or (iii) above, respectively.

    


    (g) Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties and
      their respective successors and assigns. The Company shall not assign this
      Agreement or any rights or obligations hereunder without the prior written
      consent of the Buyer, including by merger or consolidation. The Buyer may not
      assign its rights or obligations under this Agreement.

    


    (h) No
      Third Party Beneficiaries.
      This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is not for the benefit of, nor may any
      provision hereof be enforced by, any other person.


    
      
         

      

      
        -19-

        
          

        

      

      
         

      

    


    (i) Publicity.
      The
      Buyer shall have the right to approve before issuance any press release, SEC
      filing or any other public disclosure made by or on behalf of the Company
      whatsoever with respect to, in any manner, the Buyer, its purchases hereunder
      or
      any aspect of this Agreement or the transactions contemplated hereby; provided,
      however, that the Company shall be entitled, without the prior approval of
      the
      Buyer, to make any press release or other public disclosure (including any
      filings with the SEC) with respect to such transactions as is required by
      applicable law and regulations so long as the Company and its counsel consult
      with the Buyer in connection with any such press release or other public
      disclosure at least two (2) Business Days prior to its release or such other
      period of time which is mutually agreed upon by the Company and the Buyer.
      The
      Buyer must be provided with a copy thereof at least two (2) Business Days prior
      to any release or use by the Company thereof or such other period of time which
      is mutually agreed upon by the Company and the Buyer. The Buyer agrees that
      once
      the language required for any SEC disclosures, press releases, or other public
      disclosures is agreed upon between the parties, the Company is authorized to
      use
      such language in any subsequent SEC disclosures, press releases or other public
      disclosures without consulting with the Buyer so long as the language used
      does
      not materially differ from the original language agreed upon other than any
      updates to the number of securities sold under this Agreement.

    


    (j) Further
      Assurances.
      Each
      party shall do and perform, or cause to be done and performed, all such further
      acts and things, and shall execute and deliver all such other agreements,
      certificates, instruments and documents, as the other party may reasonably
      request in order to carry out the intent and accomplish the purposes of this
      Agreement and the consummation of the transactions contemplated
      hereby.

    


    (k) Termination.
      This
      Agreement may be terminated only as follows: 

    


    (i) By
      the
      Buyer any time an Event of Default exists without any liability or payment
      to
      the Company. However, if pursuant to or within the meaning of any Bankruptcy
      Law, the Company commences a voluntary case or any Person commences a proceeding
      against the Company, a Custodian is appointed for the Company or for all or
      substantially all of its property, or the Company makes a general assignment
      for
      the benefit of its creditors, (any of which would be an Event of Default as
      described in Sections 9(f), 9(g) and 9(h) hereof) this Agreement shall
      automatically terminate without any liability or payment to the Company without
      further action or notice by any Person. No such termination of this Agreement
      under this Section 11(k)(i) shall affect the Company's or the Buyer's
      obligations under this Agreement with respect to pending purchases and the
      Company and the Buyer shall complete their respective obligations with respect
      to any pending purchases under this Agreement. 

    


    (ii) In
      the
      event that the Commencement shall not have occurred, the Company shall have
      the
      option to terminate this Agreement for any reason or for no reason without
      any
      liability whatsoever of any party to any other party under this
      Agreement.

    


    (iii) In
      the
      event that the Commencement shall not have occurred on or before March 31,
      2009,
      due to the failure to satisfy the conditions set forth in Sections 6 and 7
      above
      with respect to the Commencement, the non-breaching party shall have the option
      to terminate this Agreement at the close of business on such date or thereafter
      without liability of any party to any other party. 

    


    (iv) 
      At any
      time after the Commencement Date, the Company shall have the option to terminate
      this Agreement for any reason or for no reason by delivering notice (a “Company
      Termination Notice”) to the Buyer electing to terminate this Agreement without
      any liability whatsoever of any party to any other party under this Agreement.
      The Company Termination Notice shall not be effective until one (1) Business
      Day
      after it has been received by the Buyer. 


    
      
         

      

      
        -20-

        
          

        

      

      
         

      

    

    


    (v) This
      Agreement shall automatically terminate on the date that the Company sells
      and
      the Buyer purchases the full Available Amount as provided herein, without any
      action or notice on the part of any party and without any liability whatsoever
      of any party to any other party under this Agreement.

    


    (vi) If
      by the
      Maturity Date for any reason or for no reason the full Available Amount under
      this Agreement has not been purchased as provided for in Section 1 of this
      Agreement, this Agreement shall automatically terminate on the Maturity Date,
      without any action or notice on the part of any party and without any liability
      whatsoever of any party to any other party under this Agreement. 

    


    Except
      as
      set forth in Sections 11(k)(i) (in respect of an Event of Default under Sections
      9(f), 9(g) and 9(h)) and 11(k)(vi), any termination of this Agreement pursuant
      to this Section 11(k) shall be effected by written notice from the Company
      to
      the Buyer, or the Buyer to the Company, as the case may be, setting forth the
      basis for the termination hereof. The representations and warranties of the
      Company and the Buyer contained in Sections 2, 3 and 5 hereof, the
      indemnification provisions set forth in Section 8 hereof and the agreements
      and
      covenants set forth in Section 11,
      shall
      survive the Commencement and any termination of this Agreement. No termination
      of this Agreement shall affect the Company's or the Buyer's rights or
      obligations (i) under the Registration Rights Agreement which shall survive
      any
      such termination or (ii) under this Agreement with respect to pending purchases
      and the Company and the Buyer shall complete their respective obligations with
      respect to any pending purchases under this Agreement. 

    


    (l) No
      Financial Advisor, Placement Agent, Broker or Finder.
      The
      Company represents and warrants to the Buyer that it has not engaged any
      financial advisor, placement agent, broker or finder in connection with the
      transactions contemplated hereby. The Buyer represents and warrants to the
      Company that it has not engaged any financial advisor, placement agent, broker
      or finder in connection with the transactions contemplated hereby. The Company
      shall be responsible for the payment of any fees or commissions, if any, of
      any
      financial advisor, placement agent, broker or finder relating to or arising
      out
      of the transactions contemplated hereby. The Company shall pay, and hold the
      Buyer harmless against, any liability, loss or expense (including, without
      limitation, attorneys' fees and out of pocket expenses) arising in connection
      with any such claim.

    


    (m) No
      Strict Construction.
      The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties to express their mutual intent, and no rules of strict construction
      will
      be applied against any party.

    


    (n) Remedies,
      Other Obligations, Breaches and Injunctive Relief.
      The
      Buyer’s remedies provided in this Agreement shall be cumulative and in addition
      to all other remedies available to the Buyer under this Agreement, at law or
      in
      equity (including a decree of specific performance and/or other injunctive
      relief), no remedy of the Buyer contained herein shall be deemed a waiver of
      compliance with the provisions giving rise to such remedy and nothing herein
      shall limit the Buyer's right to pursue actual damages for any failure by the
      Company to comply with the terms of this Agreement. The Company acknowledges
      that a breach by it of its obligations hereunder will cause irreparable harm
      to
      the Buyer and that the remedy at law for any such breach may be inadequate.
      The
      Company therefore agrees that, in the event of any such breach or threatened
      breach, the Buyer shall be entitled, in addition to all other available
      remedies, to an injunction restraining any breach, without the necessity of
      showing economic loss and without any bond or other security being
      required.


    
      
         

      

      
        -21-

        
          

        

      

      
         

      

    

    


    (o) Enforcement
      Costs.
      If: (i)
      this Agreement is placed by the Buyer in the hands of an attorney for
      enforcement or is enforced by the Buyer through any legal proceeding; or (ii)
      an
      attorney is retained to represent the Buyer in any bankruptcy, reorganization,
      receivership or other proceedings affecting creditors' rights and involving
      a
      claim under this Agreement; or (iii) an attorney is retained to represent the
      Buyer in any other proceedings whatsoever in connection with this Agreement,
      then the Company shall pay to the Buyer, as incurred by the Buyer, all
      reasonable costs and expenses including attorneys' fees incurred in connection
      therewith, in addition to all other amounts due hereunder.

    


    (p) Failure
      or Indulgence Not Waiver.
      No
      failure or delay in the exercise of any power, right or privilege hereunder
      shall operate as a waiver thereof, nor shall any single or partial exercise
      of
      any such power, right or privilege preclude other or further exercise thereof
      or
      of any other right, power or privilege.

    


    *
      * * * *


    
      
         

      

      
        -22-

        
          

        

      

      
         

      

    


    IN
      WITNESS WHEREOF,
      the
      Buyer and the Company have caused this Common Stock Purchase Agreement to be
      duly executed as of the date first written above.

    


    
      	
              THE
                COMPANY:

            
	 
	
              NEOGENOMICS,
                INC.

            
	 	 
	
              By:

            	
              /s/
                Robert P. Gasparini

            
	
              Name:
                Robert P. Gasparini

            
	
              Title:
                President

            


    

    


    
      	
              BUYER:

            
	 
	
              FUSION
                CAPITAL FUND II, LLC

            
	
              BY:
                FUSION CAPITAL PARTNERS, LLC

            
	
              BY:
                ROCKLEDGE CAPITAL CORPORATION

            
	 	 
	
              By:

            	
              /s/
                Joshua B. Scheinfeld

            
	
              Name:
                Joshua B. Scheinfeld

            
	
              Title:
                President

            


    


    
      
         

      

      
        -23-

        
          

        

      

      
         

      

    


    SCHEDULES

    


    
      	
              Schedule
                3(a)

            	
              Subsidiaries

            
	
              Schedule
                3(c)

            	
              Capitalization

            
	
              Schedule
                3(e)

            	
              Conflicts

            
	
              Schedule
                3(f)

            	
              1934
                Act Filings

            
	
              Schedule
                3(g)

            	
              Material
                Changes

            
	
              Schedule
                3(h)

            	
              Litigation

            
	
              Schedule
                3(k)

            	
              Intellectual
                Property

            
	
              Schedule
                3(m)

            	
              Liens

            
	
              Schedule
                3(q)

            	
              Certain
                Transactions

            


    

    


    EXHIBITS

    


    
      	
              Exhibit
                A

            	
              Form
                of Company Counsel Opinion

            
	
              Exhibit
                B

            	
              Form
                of Officer’s Certificate

            
	
              Exhibit
                C

            	
              Form
                of Resolutions of Board of Directors of the Company

            
	
              Exhibit
                D

            	
              Form
                of Secretary’s Certificate

            
	
              Exhibit
                E

            	
              Form
                of Letter to Transfer Agent

            


    


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    EXHIBIT
      A

    


    FORM
      OF COMPANY COUNSEL OPINION

    


    Capitalized
      terms used herein but not defined herein, have the meaning set forth in the
      Common Stock Purchase Agreement. Based on the foregoing, and subject to the
      assumptions and qualifications set forth herein, we are of the opinion
      that:

    


    1. The
      Company is a corporation existing and in good standing under the laws of the
      State of Nevada. The Company is qualified to do business as a foreign
      corporation and is in good standing in the State of Florida.

     

    2. The
      Company has the corporate power to execute and deliver, and perform its
      obligations under, each Transaction Document to which it is a party. The Company
      has the corporate power to conduct its business as, to the best of our
      knowledge, it is now conducted, and to own and use the properties owned and
      used
      by it.

     

    3. The
      execution, delivery and performance by the Company of the Transaction Documents
      to which it is a party have been duly authorized by all necessary corporate
      action on the part of the Company. The execution and delivery of the Transaction
      Documents by the Company, the performance of the obligations of the Company
      thereunder and the consummation by it of the transactions contemplated therein
      have been duly authorized and approved by the Company's Board of Directors
      and
      no further consent, approval or authorization of the Company, its Board of
      Directors or its stockholders is required. The Transaction Documents to which
      the Company is a party have been duly executed and delivered by the Company
      and
      are the valid and binding obligations of the Company, enforceable against the
      Company in accordance with their terms except as such enforceability may be
      limited by general principles of equity or applicable bankruptcy, insolvency,
      liquidation or similar laws relating to, or affecting creditor’s rights and
      remedies.

     

    4. The
      execution, delivery and performance by the Company of the Transaction Documents,
      the consummation by the Company of the transactions contemplated thereby
      including the offering, sale and issuance of the Commitment Shares, and the
      Purchase Shares in accordance with the terms and conditions of the Common Stock
      Purchase Agreement, and fulfillment and compliance with terms of the Transaction
      Documents, does not and shall not: (i) conflict with, constitute a breach
      of or default (or an event which, with the giving of notice or lapse of time
      or
      both, constitutes or could constitute a breach or a default), under (a) the
      Articles of Incorporation or the Bylaws of the Company, (b) any material
      agreement, note, lease, mortgage, deed or other material instrument to which
      to
      our knowledge the Company is a party or by which the Company or any of its
      assets are bound, (ii) result in any violation of any statute, law, rule or
      regulation applicable to the Company, or (iii) to our knowledge, violate any
      order, writ, injunction or decree applicable to the Company or any of its
      subsidiaries.

     

    5. The
      issuance of the Signing Shares pursuant to the terms of the that certain
      Confidential Term Sheet dated as of October 10, 2007 between the Company and
      the
      Buyer and the issuance of the Purchase Shares and Commitment Shares pursuant
      to
      the terms and conditions of the Transaction Documents has been duly authorized
      and the Signing Shares and Commitment Shares are validly issued, fully paid
      and
      non-assessable, to our knowledge, free of all taxes, liens, charges,
      restrictions, rights of first refusal and preemptive rights. [______] shares
      of
      Common Stock have been properly reserved for issuance under the Common Stock
      Purchase Agreement. When issued and paid for in accordance with the Common
      Stock
      Purchase Agreement, the Purchase Shares shall be validly issued, fully paid
      and
      non-assessable, to our knowledge, free of all taxes, liens, charges,
      restrictions, rights of first refusal and preemptive rights.  To
      our
      knowledge, the execution and delivery of the Registration Rights Agreement
      do
      not, and the performance by the Company of its obligations thereunder shall
      not,
      give rise to any rights of any other person for the registration under the
      1933
      Act of any shares of Common Stock or other securities of the Company which
      have
      not been waived.


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    6. As
      of the
      date hereof, the authorized capital stock of the Company consists of 100,000,000
      shares of common stock, par value $0.001 per share, of which to our knowledge
      [______] shares are issued and outstanding and 10,000,000 shares of Preferred
      Stock, $0.001 par value, of which as of the date hereof [no] shares are issued
      and outstanding. Except as set forth on Schedule 3(c) of the Common Stock
      Purchase Agreement, to our knowledge, there are no outstanding shares of capital
      stock or other securities convertible into or exchangeable or exercisable for
      shares of the capital stock of the Company.

     

    7. Assuming
      the accuracy of the representations and your compliance with the covenants
      made
      by you in the Transaction Documents, the offering, sale and issuance of the
      Commitment Shares to you pursuant to the Transaction Documents is exempt from
      registration under the 1933 Act and the securities laws and regulations of
      the
      States of Illinois, Florida and Nevada.

     

    8. Other
      than that which has been obtained and completed prior to the date hereof, no
      authorization, approval, consent, filing or other order of any federal or state
      governmental body, regulatory agency, or stock exchange or market, or any court,
      or, to our knowledge, any third party is required to be obtained by the Company
      to enter into and perform its obligations under the Transaction Documents or
      for
      the Company to issue and sell the Purchase Shares as contemplated by the
      Transaction Documents.

     

    9.
      To our
      knowledge, since October 1, 2007, the Company has not received any written
      notice from the Principal Market stating that the Company has not been in
      compliance with any of the rules and regulations (including the requirements
      for
      continued listing) of the Principal Market.

     

    We
      further advise you that to our knowledge, except as disclosed on Schedule 3(h)
      in the Common Stock Purchase Agreement, there is no action, suit, proceeding,
      inquiry or investigation before or by any court, public board or body, any
      governmental agency, any stock exchange or market, or self-regulatory
      organization, which has been threatened in writing or which is currently pending
      against the Company, any of its subsidiaries, any officers or directors of
      the
      Company or any of its subsidiaries or any of the properties of the Company
      or
      any of its subsidiaries. 

    


    In
      addition, we have participated in the preparation of the Registration Statement
      (SEC File #________) covering the sale of the Purchase Shares, the Commitment
      Shares including the prospectus dated ____________, contained therein and in
      conferences with officers and other representatives of the Company (including
      the Company’s independent auditors) during which the contents of the
      Registration Statement and related matters were discussed and reviewed and,
      although we are not passing upon and do not assume any responsibility for the
      accuracy, completeness or fairness of the statements contained in the
      Registration Statement, on the basis of the information that was developed
      in
      the course of the performance of the services referred to above, considered
      in
      the light of our understanding of the applicable law, nothing came to our
      attention that caused us to believe that the Registration Statement (other
      than
      the financial statements and schedules and the other financial and statistical
      data included therein, as to which we express no belief), as of their dates,
      contained any untrue statement of a material fact or omitted to state any
      material fact necessary in order to make the statements therein, in the light
      of
      the circumstances under which they were made, not misleading.


    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    EXHIBIT
      B

    


    FORM
      OF OFFICER’S CERTIFICATE

    


    This
      Officer’s Certificate (“Certificate”)
      is
      being delivered pursuant to Section 7(e) of that certain Common Stock Purchase
      Agreement dated as of _________, (“Common
      Stock Purchase Agreement”),
      by
      and between NEOGENOMICS,
      INC.,
      a
      Nevada corporation (the “Company”),
      and
FUSION
      CAPITAL FUND II, LLC (the
      “Buyer”).
      Terms
      used herein and not otherwise defined shall have the meanings ascribed to them
      in the Common Stock Purchase Agreement.

    


    The
      undersigned, ___________, ______________ of the Company, hereby certifies as
      follows:

    


    1. I
      am the
      _____________ of the Company and make the statements contained in this
      Certificate;

    


    2. The
      representations and warranties of the Company are true and correct in all
      material respects (except to the extent that any of such representations and
      warranties is already qualified as to materiality in Section 3 of the Common
      Stock Purchase Agreement, in which case, such representations and warranties
      are
      true and correct without further qualification) as of the date when made and
      as
      of the Commencement Date as though made at that time (except for representations
      and warranties that speak as of a specific date);

    


    3. The
      Company has performed, satisfied and complied in all material respects with
      covenants, agreements and conditions required by the Transaction Documents
      to be
      performed, satisfied or complied with by the Company at or prior to the
      Commencement Date.

    


    4.
       The
      Company has not taken any steps, and does not currently expect to take any
      steps, to seek protection pursuant to any Bankruptcy Law nor does the Company
      or
      any of its Subsidiaries have any knowledge or reason to believe that its
      creditors intend to initiate involuntary bankruptcy or insolvency proceedings.
      The Company is financially solvent and is generally able to pay its debts as
      they become due.

    


    IN
      WITNESS WHEREOF, I have hereunder signed my name on this ___ day of
      ___________.

    


    
      	  

	
              Name:

            
	
              Title:

            


    

    


    The
      undersigned as Secretary of ________, a ________ corporation, hereby certifies
      that ___________ is the duly elected, appointed, qualified and acting ________
      of _________ and that the signature appearing above is his genuine
      signature.

    


    
      	  

	
              Secretary

            


    


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    EXHIBIT
      C-1

    


    FORM
      OF COMPANY RESOLUTIONS 

    FOR
      SIGNING PURCHASE AGREEMENT

    


    RESOLUTIONS
      OF THE BOARD OF DIRECTORS OF

    NEOGENOMICS,
      INC.

    


    WHEREAS,
      there has been presented to the Board of Directors of the Corporation a draft
      of
      the Common Stock Purchase Agreement (the “Purchase Agreement”) by and between
      the Corporation and Fusion Capital Fund II, LLC (“Fusion”), providing for the
      purchase by Fusion of up to Eight Million Dollars ($8,000,000) of the
      Corporation’s common stock, par value $0.001 (the “Common Stock”);
      and

    


    WHEREAS,
      after careful consideration of the Purchase Agreement, the documents incident
      thereto and other factors deemed relevant by the Board of Directors, the Board
      of Directors has determined that it is advisable and in the best interests
      of
      the Corporation to engage in the transactions contemplated by the Purchase
      Agreement, including, but not limited to, the issuance of 400,000 shares of
      Common Stock to Fusion as a commitment fee (the “Commitment Shares”) and the
      sale of shares of Common Stock to Fusion up to the available amount under the
      Purchase Agreement (the "Purchase Shares").

    


    Transaction
      Documents

     

    NOW,
      THEREFORE, BE IT RESOLVED, that the transactions described in the Purchase
      Agreement are hereby approved and Robert P. Gasparini and Steven C. Jones (the
      “Authorized Officers”) are severally authorized to execute and deliver the
      Purchase Agreement, and any other agreements or documents contemplated thereby
      including, without limitation, a registration rights agreement (the
“Registration Rights Agreement”) providing for the registration of the shares of
      the Company’s Common Stock issuable in respect of the Purchase Agreement on
      behalf of the Corporation, with such amendments, changes, additions and
      deletions as the Authorized Officers may deem to be appropriate and approve
      on
      behalf of, the Corporation, such approval to be conclusively evidenced by the
      signature of an Authorized Officer thereon; and

     

    FURTHER
      RESOLVED, that the terms and provisions of the Registration Rights Agreement
      by
      and among the Corporation and Fusion are hereby approved and the Authorized
      Officers are authorized to execute and deliver the Registration Rights Agreement
      (pursuant to the terms of the Purchase Agreement), with such amendments,
      changes, additions and deletions as the Authorized Officer may deem appropriate
      and approve on behalf of, the Corporation, such approval to be conclusively
      evidenced by the signature of an Authorized Officer thereon; and

     

    FURTHER
      RESOLVED, that the terms and provisions of the Form of Transfer Agent
      Instructions (the “Instructions”) are hereby approved and the Authorized
      Officers are authorized to execute and deliver the Instructions (pursuant to
      the
      terms of the Purchase Agreement), with such amendments, changes, additions
      and
      deletions as the Authorized Officers may deem appropriate and approve on behalf
      of, the Corporation, such approval to be conclusively evidenced by the signature
      of an Authorized Officer thereon; and


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    Execution
      of Purchase Agreement

     

    FURTHER
      RESOLVED, that the Corporation be and it hereby is authorized to execute and
      deliver the Purchase Agreement providing for the purchase of common stock of
      the
      Corporation having an aggregate value of up to $8,000,000; and

     

    Issuance
      of Common Stock

     

    FURTHER
      RESOLVED, that the Corporation was authorized to issue 17,500 shares of Common
      Stock to Fusion pursuant to the Confidential Term Sheet between the Company
      and
      Fusion dated as of October 10, 2008 (“Signing Shares”) and that upon issuance of
      the Signing Shares, the Signing Shares have been duly authorized, validly
      issued, fully paid and nonassessable with no personal liability attaching to
      the
      ownership thereof; and

     

    FURTHER
      RESOLVED, that the Corporation is hereby authorized to issue 400,000 shares
      of
      Common Stock to Fusion as Commitment Shares and that upon issuance of the
      Commitment Shares pursuant to the Purchase Agreement, the Commitment Shares
      shall be duly authorized, validly issued, fully paid and nonassessable with
      no
      personal liability attaching to the ownership thereof; and

     

    FURTHER
      RESOLVED, that the Corporation is hereby authorized to issue shares of Common
      Stock upon the purchase of Purchase Shares up to the available amount under
      the
      Purchase Agreement in accordance with the terms of the Purchase Agreement and
      that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement,
      the Purchase Shares will be duly authorized, validly issued, fully paid and
      nonassessable with no personal liability attaching to the ownership thereof;
      and

     

    FURTHER
      RESOLVED, that the Corporation shall initially reserve 3,000,000
      shares of Common Stock for issuance as Purchase Shares under the Purchase
      Agreement. 

     

    Approval
      of Actions

     

    FURTHER
      RESOLVED, that, without limiting the foregoing, the Authorized Officers are,
      and
      each of them hereby is, authorized and directed to proceed on behalf of the
      Corporation and to take all such steps as deemed necessary or appropriate,
      with
      the advice and assistance of counsel, to cause the Corporation to consummate
      the
      agreements referred to herein and to perform its obligations under such
      agreements; and

     

    FURTHER
      RESOLVED, that the Authorized Officers be, and each of them hereby is,
      authorized, empowered and directed on behalf of and in the name of the
      Corporation, to take or cause to be taken all such further actions and to
      execute and deliver or cause to be executed and delivered all such further
      agreements, amendments, documents, certificates, reports, schedules,
      applications, notices, letters and undertakings and to incur and pay all such
      fees and expenses as in their judgment shall be necessary, proper or desirable
      to carry into effect the purpose and intent of any and all of the foregoing
      resolutions, and that all actions heretofore taken by any officer or director
      of
      the Corporation in connection with the transactions contemplated by the
      agreements described herein are hereby approved, ratified and confirmed in
      all
      respects.


    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    EXHIBIT
      C-2

    


    FORM
      OF COMPANY RESOLUTIONS APPROVING REGISTRATION STATEMENT

    


    RESOLUTIONS
      OF THE BOARD OF DIRECTORS OF 

    NEOGENOMICS,
      INC.

    


    WHEREAS,
      there has been presented to the Board of Directors of the Corporation a Common
      Stock Purchase Agreement (the “Purchase Agreement”) by and among the Corporation
      and Fusion Capital Fund II, LLC (“Fusion”), providing for the purchase by Fusion
      of up to Eight Million Dollars ($8,000,000) of the Corporation’s common stock,
      par value $0.001 (the “Common Stock”); and

    


    WHEREAS,
      after careful consideration of the Purchase Agreement, the documents incident
      thereto and other factors deemed relevant by the Board of Directors, the Board
      of Directors has approved the Purchase Agreement and the transactions
      contemplated thereby and the Company has executed and delivered the Purchase
      Agreement to Fusion; and

    


    WHEREAS,
      in connection with the transactions contemplated pursuant to the Purchase
      Agreement, the Company has agreed to file a registration statement with the
      Securities and Exchange Commission (the “Commission”) registering the Commitment
      Shares (as defined in the Purchase Agreement), the Signing Shares (as defined
      in
      the Purchase Agreement) and the Purchase Shares (as herein defined in the
      Purchase Agreement) and to list the Commitment Shares and Purchase Shares as
      may
      be required; 

     

    WHEREAS,
      the management of the Corporation has prepared an initial draft of a
      Registration Statement on Form ___ (the “Registration Statement”) in order to
      register the sale of the Purchase Shares, Signing Shares and the Commitment
      Shares (collectively, the “Shares”); and

     

    WHEREAS,
      the Board of Directors has determined to approve the Registration Statement
      and
      to authorize the appropriate officers of the Corporation to take all such
      actions as they may deem appropriate to effect the offering.

     

    NOW,
      THEREFORE, BE IT RESOLVED, that the officers and directors of the Corporation
      be, and each of them hereby is, authorized and directed, with the assistance
      of
      counsel and accountants for the Corporation, to prepare, execute and file with
      the Commission the Registration Statement, which Registration Statement shall
      be
      filed substantially in the form presented to the Board of Directors, with such
      changes therein as the Chief Executive Officer of the Corporation or any Vice
      President of the Corporation shall deem desirable and in the best interest
      of
      the Corporation and its shareholders (such officer’s execution thereof including
      such changes shall be deemed to evidence conclusively such determination);
      and

     

    FURTHER
      RESOLVED, that the officers of the Corporation be, and each of them hereby
      is,
      authorized and directed, with the assistance of counsel and accountants for
      the
      Corporation, to prepare, execute and file with the Commission all amendments,
      including post-effective amendments, and supplements to the Registration
      Statement, and all certificates, exhibits, schedules, documents and other
      instruments relating to the Registration Statement, as such officers shall
      deem
      necessary or appropriate (such officer’s execution and filing thereof shall be
      deemed to evidence conclusively such determination); and 


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    FURTHER
      RESOLVED, that the execution of the Registration Statement and of any amendments
      and supplements thereto by the officers and directors of the Corporation be,
      and
      the same hereby is, specifically authorized either personally or by the
      authorized officers as such officer’s or director’s true and lawful
      attorneys-in-fact and agents; and

     

    FURTHER
      RESOLVED, that the authorized officers are hereby designated as “Agent for
      Service” of the Corporation in connection with the Registration Statement and
      the filing thereof with the Commission, and the authorized officers hereby
      are
      authorized to receive communications and notices from the Commission with
      respect to the Registration Statement; and

     

    FURTHER
      RESOLVED, that the officers of the Corporation be, and each of them hereby
      is,
      authorized and directed to pay all fees, costs and expenses that may be incurred
      by the Corporation in connection with the Registration Statement;
      and

     

    FURTHER
      RESOLVED, that it is desirable and in the best interest of the Corporation
      that
      the Shares be qualified or registered for sale in various states; that the
      officers of the Corporation be, and each of them hereby is, authorized to
      determine the states in which appropriate action shall be taken to qualify
      or
      register for sale all or such part of the Shares as they may deem advisable;
      that said officers be, and each of them hereby is, authorized to perform on
      behalf of the Corporation any and all such acts as they may deem necessary
      or
      advisable in order to comply with the applicable laws of any such states, and
      in
      connection therewith to execute and file all requisite papers and documents,
      including, but not limited to, applications, reports, surety bonds, irrevocable
      consents, appointments of attorneys for service of process and resolutions;
      and
      the execution by such officers of any such paper or document or the doing by
      them of any act in connection with the foregoing matters shall conclusively
      establish their authority therefor from the Corporation and the approval and
      ratification by the Corporation of the papers and documents so executed and
      the
      actions so taken; and

     

    FURTHER
      RESOLVED, that if, in any state where the securities to be registered or
      qualified for sale to the public, or where the Corporation is to be registered
      in connection with the public offering of the Shares, a prescribed form of
      resolution or resolutions is required to be adopted by the Board of Directors,
      each such resolution shall be deemed to have been and hereby is adopted, and
      the
      Secretary is hereby authorized to certify the adoption of all such resolutions
      as though such resolutions were now presented to and adopted by the Board of
      Directors; and

     

      FURTHER
      RESOLVED, that the officers of the Corporation with the assistance of counsel
      be, and each of them hereby is, authorized and directed to take all necessary
      steps and do all other things necessary and appropriate to effect the listing
      of
      the Shares on the OTC Bulletin Board, if any.

     

    Approval
      of Actions

     

    FURTHER
      RESOLVED, that, without limiting the foregoing, the authorized officers are,
      and
      each of them hereby is, authorized and directed to proceed on behalf of the
      Corporation and to take all such steps as are deemed necessary or appropriate,
      with the advice and assistance of counsel, to cause the Corporation to take
      all
      such action referred to herein and to perform its obligations incident to the
      registration, listing and sale of the Shares; and

     

    FURTHER
      RESOLVED, that the authorized officers be, and each of them hereby is,
      authorized, empowered and directed on behalf of and in the name of the
      Corporation, to take or cause to be taken all such further actions and to
      execute and deliver or cause to be executed and delivered all such further
      agreements, amendments, documents, certificates, reports, schedules,
      applications, notices, letters and undertakings and to incur and pay all such
      fees and expenses as in their judgment shall be necessary, proper or desirable
      to carry into effect the purpose and intent of any and all of the foregoing
      resolutions, and that all actions heretofore taken by any officer or director
      of
      the Corporation in connection with the transactions contemplated by the
      agreements described herein are hereby approved, ratified and confirmed in
      all
      respects.


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    EXHIBIT
      D

    


    FORM
      OF SECRETARY’S CERTIFICATE

    


    This
      Secretary’s Certificate (“Certificate”) is being delivered pursuant to Section
      7(k) of that certain Common Stock Purchase Agreement dated as of __________,
      (“Common Stock Purchase Agreement”), by and between NEOGENOMICS,
      INC.,
      a
      Nevada corporation (the “Company”) and FUSION
      CAPITAL FUND II, LLC
      (the
“Buyer”), pursuant to which the Company may sell to the Buyer up to Eight
      Million Dollars ($8,000,000) of the Company's Common Stock, par value $0.001
      per
      share (the "Common Stock"). Terms used herein and not otherwise defined shall
      have the meanings ascribed to them in the Common Stock Purchase
      Agreement.

    


    The
      undersigned, ____________, Secretary of the Company, hereby certifies as
      follows:

    


    1. I
      am the
      Secretary of the Company and make the statements contained in this Secretary’s
      Certificate.

    


    2. Attached
      hereto as Exhibit
      A
      and
Exhibit
      B
      are
      true, correct and complete copies of the Company’s bylaws (“Bylaws”) and
      Articles of Incorporation (“Articles”), in each case, as amended through the
      date hereof, and no action has been taken by the Company, its directors,
      officers or shareholders, in contemplation of the filing of any further
      amendment relating to or affecting the Bylaws or Articles.

    


    3. Attached
      hereto as Exhibit
      C
      are
      true, correct and complete copies of the resolutions duly adopted by the Board
      of Directors of the Company on _____________, at which a quorum was present
      and
      acting throughout. Such resolutions have not been amended, modified or rescinded
      and remain in full force and effect and such resolutions are the only
      resolutions adopted by the Company’s Board of Directors, or any committee
      thereof, or the shareholders of the Company relating to or affecting (i) the
      entering into and performance of the Common Stock Purchase Agreement, or the
      issuance, offering and sale of the Purchase Shares and the Commitment Shares
      and
      (ii) and the performance of the Company of its obligation under the Transaction
      Documents as contemplated therein.

    


    4. As
      of the
      date hereof, the authorized, issued and reserved capital stock of the Company
      is
      as set forth on Exhibit
      D
      hereto.

    


    IN
      WITNESS WHEREOF,
      I have
      hereunder signed my name on this ___ day of ____________.

    


    
      	  

	
              Secretary

            


    

    


    


    The
      undersigned as ___________ of __________, a ________ corporation, hereby
      certifies that ____________ is the duly elected, appointed, qualified and acting
      Secretary of _________, and that the signature appearing above is his genuine
      signature.

    


    
      	   



    


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    EXHIBIT
      E

    


    FORM
      OF LETTER TO THE TRANSFER AGENT FOR THE ISSUANCE OF THE 

    COMMITMENTS
      SHARES AT SIGNING OF THE PURCHASE AGREEMENT

    


    [COMPANY
      LETTERHEAD]

    


    [DATE]

    


    [TRANSFER
      AGENT]

    __________________

    __________________
      

    __________________

    


    Re:
      Issuance of Common Shares to Fusion Capital Fund II, LLC 

    


    Dear
      ________,

    


    On
      behalf
      of NEOGENOMICS,
      INC.,
      (the
“Company”), you are hereby instructed to issue as
      soon as possible 400,000
      shares of our common stock in the name of Fusion
      Capital Fund II, LLC.
      The
      share certificate should be dated [DATE OF THE COMMON STOCK PURCHASE AGREEMENT].
      I have included a true and correct copy of the resolutions of the Board of
      Directors of the Company approving the issuance of these shares. The shares
      should be issued subject to the following restrictive legend:

    


    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS, UNLESS SOLD PURSUANT TO: (1) RULE 144 UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED, OR (2) AN OPINION OF HOLDER’S COUNSEL,
      IN A CUSTOMARY FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR
      APPLICABLE STATE SECURITIES LAWS.

    



    
      
         

      

      
         

        
          

        

      

      
         

      

    


    The
      share
      certificate should be sent as
      soon as possible via overnight mail
      to the
      following address:

    


    Fusion
      Capital Fund II, LLC

    222
      Merchandise Mart Plaza, Suite 9-112

    Chicago,
      IL 60654

    Attention:
      Steven Martin

    


    Thank
      you
      very much for your help. Please call me at ______________ if you have any
      questions or need anything further.

    


    NEOGENOMICS,
      INC.

    


    
      	
              BY:

            	   

	 	
              [name]
                

            
	 	
              [title]