Document:

Subordinate Promissory Note (No. 200809-010)

 Exhibit 10.12 

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY
APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF A CURRENT AND EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND ALL APPLICABLE
STATE SECURITIES LAWS WITH RESPECT TO SUCH SECURITIES, OR AN OPINION SATISFACTORY TO THE ISSUER AND ITS COUNSEL TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT AND ALL APPLICABLE STATE SECURITIES LAWS. 

AUTOGENOMICS, INC. 

SUBORDINATED PROMISSORY NOTE 
  

			
	No. 200809-010	  	Carlsbad, California
	$100,000	  	September 25, 2008

FOR VALUE RECEIVED, AutoGenomics, Inc., a California corporation (“Maker” or the “Company”), hereby
promises to pay to the order of William Davidson or registered assigns (“Holder”), the principal amount of One Hundred Thousand Dollars ($100,000.00), together with interest thereon at the rate of six percent (6%) per annum
(this “Note”), on or before August 31, 2010 (the “Maturity Date”), subject to the terms and conditions set forth hereinbelow. This Note has been issued pursuant to, and is entitled to the benefits of, that
certain Subscription Agreement with respect to this Note to which Maker and Holder are parties (the “Agreement”). Capitalized terms not defined herein have the meaning assigned to them in the Agreement. 

This is one of a series of Subordinated Promissory Notes (collectively referred to herein as the “Subordinated Notes”),
all of like tenor, except as to the identifying number, principal amount and holder thereof. 
 1. Subordination.

 (a) Subordination to Senior Indebtedness. The indebtedness evidenced by this Note, and the payment of the principal
hereof and interest hereon, is wholly subordinated, junior and subject in right of payment, to the extent and in the manner hereinafter provided, to the prior payment of all Senior Indebtedness of the Company now outstanding or hereinafter incurred.
“Senior Indebtedness” means the principal of, and premium, if any, and interest on (i) all indebtedness of the Company for monies borrowed from banks, trust companies, insurance companies and other financial institutions,
including commercial paper and accounts receivable sold or assigned by the Company to such institutions, (ii) all indebtedness of the Company for monies borrowed by the Company from other persons or entities, (iii) obligations of the
Company as lessee under leases of real or personal property, (iv) principal of, and premium, if any, and interest on any indebtedness or obligations of others of the kinds described above assumed or guaranteed in any manner by the Company,
(v) deferrals, renewals, extensions and 
  

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refundings of any such indebtedness or obligations described above, and (vi) any other indebtedness of the Company which the Company and the holders of more than 50% of the unpaid principal
amount of the Subordinated Notes then outstanding may hereafter from time to time expressly and specifically agree in writing shall constitute Senior Indebtedness. Notwithstanding the foregoing, “Senior Indebtedness” shall not include
indebtedness of the Company evidenced by the other Subordinated Notes, which shall rank equally and ratably with this Note. 

(b) Rights of Holders Unimpaired. The provisions of this Section 1 are, and are intended solely, for the purposes of defining
the relative rights of the holders of the Subordinated Notes and the holders of Senior Indebtedness and nothing in this Section 1 shall impair, as between the Company and any holders of the Subordinated Notes, the obligation of the Company,
which is unconditional and absolute, to pay to the holders of the Subordinated Notes the principal thereof, in accordance with the terms of the Subordinated Notes, nor shall anything herein prevent any holders of the Subordinated Notes from
exercising all remedies otherwise permitted by applicable law or hereunder upon default, subject to the rights set forth above of holders of Senior Indebtedness to receive cash, property or securities otherwise payable or deliverable to the holders
of the Subordinated Notes. 
 2. Repayment of the Subordinated Notes. 

(a) Repayment at the Maturity Date. On the Maturity Date, the Company shall repay all, but not less than all, of the outstanding
principal amount of the Subordinated Notes, and all accrued and unpaid interest thereon, by mailing a corporate check in such amount payable to each Holder at such Holder’s address of record as contained herein or on file with the Company
pursuant to notice given as provided herein no later than ten (10) business days after the Maturity Date. 
 (b)
Prepayment Prior to the Maturity Date. The Company may prepay all or any portion of the outstanding principal amount of this Note, together with all accrued and unpaid interest thereon, at any time or from time to time without premium or
penalty, provided that upon any such prepayment, a corresponding payment shall be made concurrently by the Company with respect to each of the other Subordinated Notes in an amount equal to the same percentage of the outstanding principal
amount of such other Subordinated Notes as is made with respect to this Note. 
 (c) Cancellation of Subordinated Note.
Immediately upon repayment in full of this Note, this Note shall no longer be deemed to be outstanding and all rights with respect to this Note shall immediately cease and terminate as of the date of such repayment. 

3. Requirements for Transfer. This Note shall not be sold or transferred unless either (i) this Note shall have been
registered under the Securities Act of 1933, as amended (the “Act”), and all applicable state securities laws with respect thereto or (ii) the Company first shall have been furnished with an opinion of legal counsel, reasonably
satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration requirements of the Act and all applicable state securities laws with respect thereto. 

 

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 4. Payment of Principal. All payments due and payable from Maker to Holder under this
Note shall be made in lawful currency of the United States of America. In no event shall any prepayment of principal be made with respect to any other Subordinated Note unless and until the Company shall have concurrently prepaid a like proportion
of this Note. 
 5. Default. Upon the occurrence of an Event of Default (as defined below), the entire unpaid portion of
the principal amount of this Note, and all accrued and unpaid interest due Holder hereunder, shall automatically become due and payable. As used in this Note, “Event of Default” shall mean: (i) a receiver, trustee, custodian or
similar officer is appointed for Maker, or for any substantial part of its property and such appointment or proceedings remain unstayed or undismissed for a period of 90 days, (ii) any bankruptcy, insolvency, reorganization, arrangement,
readjustment of debt, dissolution, liquidation or similar proceedings under the laws of any jurisdiction is instituted (by petition, application or otherwise) against Maker and such appointment or proceedings remain unstayed or undismissed for a
period of 90 days, (iii) Maker admits in writing its inability to pay its debts when due, (iv) Maker makes an assignment for the benefit of creditors, (v) Maker applies for or consents to the appointment of any receiver, trustee,
custodian or similar officer for Maker or for any substantial part of its property, or (vi) Maker institutes (by petition, application or otherwise) or consents to any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt,
dissolution, liquidation or similar proceedings under the laws of any jurisdiction against Maker. 
 6. Replacement.
Whenever this Note shall be surrendered at the principal executive office of the Company for transfer or exchange, accompanied by a written instrument of transfer in form reasonably satisfactory to the Company duly executed by the Holder hereof or
his, her or its attorney duly authorized in writing, the Company shall execute and deliver in exchange therefor a new Note or Notes, as may be requested by such Holder, in the same aggregate unpaid principal amount and payable on the same date as
the principal amount of the Note or Notes so surrendered; each such new Note shall be in such principal amount and registered in such name or names as such Holder may designate in writing. Upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Note and of indemnity reasonably satisfactory to it, and upon reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and cancellation of
this Note (in case of mutilation) the Company will make and deliver in lieu of this Note a new Note of like tenor and unpaid principal amount. 

7. General. 

(a) Successors and Assigns. This Note, and the obligations and rights of the Company hereunder, shall be binding upon and inure to
the benefit of the Company, the Holder of this Note, and their respective heirs, successors and assigns. 
 (b) Notices.
All notices, requests, consents and demands shall be made in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed telex or facsimile if sent during normal
business hours of the recipient, if not, then on the next business day, (c) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written 
  

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verification of receipt. All communications shall be sent to the Company at 2251 Rutherford Road, Carlsbad, CA 92008, and to Holder at the applicable address set forth on the applicable signature
page to the Subscription Agreement or at such other address as the Company or Holder may designate by ten (10) days advance written notice to the other parties hereto. 

(c) Governing Law. This Note shall be construed and enforced in accordance with, and the rights of the parties shall be governed
by, the laws of the State of California, without regard to its principles of choice of law. 
 (d) No Waiver. No delay or
omission on the part of the Holder in exercising any right under this Note shall operate as a waiver of such right or of any other right of such Holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the
same or any other right on any future occasion. 
 (e) Costs of Collection. The Company agrees to pay on demand all costs
of collection, including reasonable attorney’s fees, incurred by the Holder in enforcing the obligations of the Company under this Note. 

(f) Confidentiality. By his, her or its acceptance hereof, the Holder of this Note agrees that he, she or it will keep
confidential and will not disclose, divulge or use for any unauthorized purpose any confidential, proprietary or secret information which such Holder may obtain from the Company (i) pursuant to financial statements, reports and other materials
submitted by the Company to such Holder or (ii) pursuant to visitation or inspection rights granted to such Holder, unless such information is known, or until such information becomes known, to the public. 

(g) Headings. The headings in this Note are for purposes of reference only and shall not limit or otherwise affect the meaning of
any provision of this Note. 
  

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 IN WITNESS WHEREOF, this Note has been executed and delivered on the date first above
written by the undersigned authorized representative of the Company. 
  

			
	AUTOGENOMICS, INC.
	a California corporation
		
	By:	 	 /s/ Fareed Kureshy

		 	Fareed Kureshy
		 	Its President and CEO

 Schedule to Exhibit 10.12 

The following subordinated promissory notes are substantially identical in all material respects to the representative note to which this
schedule is attached and which is filed as an exhibit to AutoGenomics, Inc.’s registration statement on Form S-1 (Reg. No. 333-152512) (the “Registration Statement”), except as to the parties thereto, dates of issuance, principal
amounts, interest rates and maturity dates set forth below. These other subordinated promissory notes are not being filed with the Registration Statement, pursuant to Instruction 2 to Item 601 of Regulation S-K promulgated under the Securities
Exchange Act of 1934, as amended. 
  

													
	 Number
	  	 Holder
	  	 Date of Issuance
	  	Principal
Amount	  	Interest Rate	 	 	 Maturity Date

	 200903-007
	  	National Healthcare Services	  	March 30, 2009	  	$	500,000	  	6	% 	 	February 28, 2011
	 200906-020
	  	National Healthcare Services	  	June 26, 2009	  	$	500,000	  	6	% 	 	May 31, 2011
	 200912-001
	  	National Healthcare Services	  	December 8, 2009	  	$	500,000	  	8	% 	 	November 30, 2011
	 200912-003
	  	AR Properties	  	December 1, 2009	  	$	95,000	  	6	% 	 	November 30, 2011
	 200912-005
	  	Shugart Corporation	  	December 31, 2009	  	$	500,000	  	6	% 	 	December 30, 2011
	 201002-001
	  	AR Properties	  	February 9, 2010	  	$	100,000	  	6	% 	 	February 8, 2012
	 201002-002
	  	Piercey Living Trust	  	February 12, 2010	  	$	250,000	  	6	% 	 	February 11, 2012
	 201002-003
	  	R&M AutoGenomics Investors	  	February 16, 2010	  	$	50,000	  	6	% 	 	February 15, 2012
	 201003-000
	  	The Meyyapan – Kannappan Family Trust	  	March 2, 2010	  	$	25,000	  	6	% 	 	March 1, 2012
	 201004-001
	  	Robert A. Levin and Mary B. Levin, Trustees of The Levin Family Recovable Trust	  	September 3, 2008	  	$	150,000	  	6	% 	 	April 15, 2012
	 201004-002
	  	Heiligbrodt Family Partnership	  	September 4, 2008	  	$	500,000	  	6	% 	 	April 15, 2012
	 201004-003
	  	Kentor Trust U/A dated 9/18/2002	  	September 8, 2008	  	$	250,000	  	6	% 	 	April 15, 2012
	 201004-004
	  	God’s Gift	  	September 11, 2008	  	$	500,000	  	6	% 	 	April 15, 2012
	 201004-005
	  	Belmont Insurance Company	  	September 16, 2008	  	$	100,000	  	6	% 	 	April 15, 2012
	 201004-006
	  	Argus Reinsurance, Ltd	  	September 24, 2008	  	$	250,000	  	6	% 	 	April 15, 2012
	 201004-007
	  	Strader Family Trust dated April 25, 2005	  	September 25, 2008	  	$	100,000	  	6	% 	 	April 15, 2012

													
	 201004-008
	  	Bubalo Family Trust	  	October 20, 2008	  	$	100,000	  	6	% 	 	April 15, 2012
	 201004-009
	  	Testman Trust	  	March 2, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-010
	  	Terence A. Noonan	  	March 10, 2009	  	$	25,000	  	6	% 	 	April 15, 2012
	 201004-011
	  	Laurence M. Demers	  	March 9, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-012
	  	Zurlo Investment Trust	  	March 15, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-013
	  	Kentor Trust U/A dated 9/18/2002	  	March 23, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-014
	  	Linda Formo Brandes Revocable Trust	  	March 30, 2009	  	$	250,000	  	6	% 	 	April 15, 2012
	 201004-015
	  	AR Properties	  	March 31, 2009	  	$	1,000,000	  	6	% 	 	April 15, 2012
	 201004-016
	  	Helen Lovaas 2006 Irrevocable Trust FBO Theresa Bell	  	April 2, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-017
	  	Helen Lovaas 2006 Irrevocable Trust FBO Cindy Westwood	  	April 2, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-018
	  	Helen Lovaas 2006 Irrevocable Trust FBO Kathy Redenius	  	April 2, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-019
	  	Helen Lovaas 2006 Irrevocable Trust FBO Daniel Lovaas	  	April 2, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-020
	  	Helen Lovaas 2006 Irrevocable Trust FBO Frank Bartlett	  	April 2, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-021
	  	Helen Lovaas 2006 Irrevocable Trust FBO Christine Fennel	  	April 2, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-022
	  	Ulrich Frindt Family Trust U/T/A dated October 21, 2002	  	April 6, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-023
	  	Jason Livingston and Paula Livingston Community Property	  	April 10, 2009	  	$	100,000	  	6	% 	 	April 15, 2012

													
	 201004-024
	  	R&E Lunn Revocable Trust dated March 10, 2004	  	April 15, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-025
	  	Levin Family Revocable Trust dated February 22, 2007	  	May 1, 2009	  	$	100,000	  	6	% 	 	April 15, 2012
	 201004-026
	  	Rue Family Trust	  	August 17, 2009	  	$	250,000	  	6	% 	 	April 15, 2012
	 201004-027
	  	IAS Management, LLC	  	August 19, 2009	  	$	250,000	  	6	% 	 	April 15, 2012
	 201004-028
	  	Cyndy Reinking	  	November 2, 2009	  	$	250,000	  	6	% 	 	April 15, 2012
	 201004-029
	  	Joseph P. Sullivan	  	December 22, 2009	  	$	10,000	  	6	% 	 	April 15, 2012
	 201004-030
	  	Harold F. McGrath Trustee of the McGrath Family Trust	  	September 11, 2008	  	$	150,000	  	6	% 	 	April 15, 2012
	 201004-031
	  	Van Fleet Family Trust	  	April 8, 2009	  	$	50,000	  	6	% 	 	April 15, 2012
	 201004-032
	  	National Healthcare Services	  	September 9, 2008	  	$	1,000,000	  	6	% 	 	April 15, 2011
	 201004-033
	  	The Testman Trust	  	December 1, 2009	  	$	55,000	  	6	% 	 	April 15, 2012Subordinate Promissory Note (No. 201003-001)

 Exhibit 10.13 

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY
APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF A CURRENT AND EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND ALL APPLICABLE
STATE SECURITIES LAWS WITH RESPECT TO SUCH SECURITIES, OR AN OPINION SATISFACTORY TO THE ISSUER AND ITS COUNSEL TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT AND ALL APPLICABLE STATE SECURITIES LAWS. 

AUTOGENOMICS, INC. 

6.0% SUBORDINATED NOTE 
  

			
	No. 201003-001	  	Vista, California
	$500,000.00	  	March 9, 2010

 FOR
VALUE RECEIVED, AutoGenomics, Inc., a Delaware corporation (the “Company”), hereby promises to pay to the order of Elissa Kenna Trust or registered assigns (“Holder”), the principal amount of $500,000, together with
interest thereon at the rate of six percent (6.0%) per annum based on a 365-day year and the number of days elapsed, on or before March 10, 2012 (the “Maturity Date”), subject to the terms and conditions set forth below.
This 6.0% Subordinated Note (this “Note”) has been issued pursuant to that certain Subscription Agreement dated February 25, 2010, to which the Company and Holder are parties (the “Agreement”). Capitalized
terms not defined herein have the meaning assigned to them in the Agreement. 
 This Note is one of a series of 6.0%
Subordinated Notes, due 2012, issued in one or more closings (collectively referred to herein as the “Subordinated Notes”), all of like tenor, except as to the identifying number, principal amount, issue date and holder thereof.

 1. Defined Terms. 

“Affiliate” means, with regard to any Person, (i) any Person, directly or indirectly, controlled by, under common
control with, or controlling such Person, (ii) any Person, directly or indirectly, in which such Person holds, of record or beneficially, five percent (5.0%) or more of the equity or voting securities, (iii) any Person that holds, of
record or beneficially, five percent (5.0%) or more of the equity or voting securities of such Person, (iv) any Person that, through contract, relationship or otherwise, exerts a substantial influence on the management of such
Person’s affairs, (v) any director, officer, partner or individual holding a similar position in respect of such Person, or (vi) as to any natural Person, any Person related by blood, marriage or adoption and any Person owned by such
Persons. 
  

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 “Indebtedness” means: 

(i) all indebtedness of the Company for monies borrowed from banks, trust companies, insurance companies and other
financial institutions, including commercial paper, letters of credit and accounts receivable sold or assigned by the Company to such institutions; 

(ii) all indebtedness of the Company for monies borrowed by the Company from other persons or entities (excluding accrued
expenses, trade payables, workers’ compensation claims, self-insurance obligations, bankers’ acceptances, performance, hedging obligations and surety bonds in the ordinary course of business); 

(iii) obligations of the Company as lessee under leases of real or personal property; 

(iv) indebtedness or obligations of others of the kinds described above assumed or guaranteed in any manner by the
Company; 
 (v) deferrals, renewals, extensions and refundings of any such indebtedness or obligations described
above; 
 (vi) any balance deferred and unpaid of the purchase price of any property or services due more than
six months after such property is acquired or such services are completed; and 
 (vii) any other indebtedness of
the Company which the Company and the holders of more than 50% of the unpaid principal amount of the Subordinated Notes then outstanding may hereafter from time to time expressly and specifically agree in writing shall constitute Indebtedness;

 if and to the extent any of the preceding items (other than letters of credit and hedging obligations) would appear as a liability upon a
balance sheet of the specified person prepared in accordance with generally accepted accounting principals, whether or not contingent. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset
of the Company (whether or not such Indebtedness is assumed by the Company). 
 “Lien” means with respect to
any assets, any mortgage, lien, pledge, charge, security interest or other similar encumbrance (including, without limitation, any conditional sale or other title retention agreement or lease in the nature thereof, any option or other agreement to
sell, and any filing of or agreement to give, any security interest). 
 “Pari Passu Subordinated Notes” means
the Subordinated Notes and all other indebtedness of the Company represented by subordinated promissory notes ranking pari passu with and equal in right of payment to the Subordinated Notes. 

“Person” means any corporation, partnership, joint venture, limited liability company, organization, entity,
governmental authority, body or agency, or natural person. 
  

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 “Senior Indebtedness” means any (i) Indebtedness designated by the
Company as ranking senior to the Subordinated Notes and (ii) any other indebtedness of the Company which the Company and the holders of more than 50% of the unpaid principal amount of the Subordinated Notes then outstanding may hereafter from
time to time expressly and specifically agree in writing shall constitute Senior Indebtedness, provided, however, that (a) the aggregate amount of all Senior Indebtedness at any one time outstanding shall not exceed $4.0 million; and
(b) the Company agrees to provide to the Holder, if requested, the names of the holders of all Senior Indebtedness in writing, and to provide the Holder, if requested, with copies of all agreements related to any such Senior Indebtedness.
Notwithstanding the foregoing, “Senior Indebtedness” shall not include (x) any other Indebtedness of the Company designated as subordinated indebtedness, including the other Subordinated Notes, which shall rank equally and ratably
with or subordinate to the Subordinated Notes, or (y) any Indebtedness of the Company owed to any Affiliate of the Company. 

2. Subordination. 

(a) Subordination to Senior Indebtedness. The Indebtedness evidenced by this Note, and the payment of the principal hereof and
interest hereon, (i) is wholly subordinated, junior and subject in right of payment, to the extent and in the manner hereinafter provided, to the prior payment of all Senior Indebtedness and (ii) ranks pari passu in right of payment
to all other indebtedness of the Company represented by subordinated promissory notes outstanding on the date hereof. 
 (b)
Rights of Holders Unimpaired. The provisions of this Section 2 are, and are intended solely, for the purposes of defining the relative rights of the holders of the Subordinated Notes and the holders of Senior Indebtedness and nothing in
this Section 2 shall impair, as between the Company and any holders of the Subordinated Notes, the obligation of the Company, which is unconditional and absolute, to pay to the holders of the Subordinated Notes the principal thereof, in
accordance with the terms of the Subordinated Notes, nor shall anything herein prevent any holders of the Subordinated Notes from exercising all remedies otherwise permitted by applicable law or hereunder upon default, subject to the rights set
forth above of holders of Senior Indebtedness to receive cash, property or securities otherwise payable or deliverable to the holders of the Subordinated Notes. 

3. Repayment of the Subordinated Notes. 

(a) Repayment at the Maturity Date. On the Maturity Date, the Company shall repay all, but not less than all, of the outstanding
principal amount of the Subordinated Notes due on such Maturity Date, and all accrued and unpaid interest thereon, by mailing a corporate check in such amount payable to the Holder at the Holder’s address of record as contained herein, or on
file with the Company pursuant to notice given as provided herein, no later than ten (10) business days after the Maturity Date or, at the request of the Holder, by wire transfer of immediately available funds designated in writing by the
Holder. 
 (b) Redemption Prior to the Maturity Date. The Company may redeem in whole or in part the Note, at any time or
from time to time, without penalty at a redemption price equal to 100% of the principal amount of Note, together with all accrued and unpaid interest 

 

 3 

 
thereon through the redemption date, provided that such redemption is on a pro rata basis with all other Subordinated Notes then outstanding (determined based on the aggregate principal
amount of all Subordinated Notes then outstanding as of such redemption date). 
 (c) Cancellation of Subordinated Note.
Immediately upon repayment in full of this Note, including all principal, accrued interest, redemption price, as applicable, and any amounts owed pursuant to paragraph 9(e) hereof, this Note shall no longer be deemed to be outstanding and all rights
with respect to this Note shall immediately cease and terminate as of the date of such repayment. 
 4. Covenants of the
Company. 
 (a) Incurrence of Additional Indebtedness. The Company shall not incur any Indebtedness after the date
hereof without the prior written consent of holders representing 75% of the aggregate principal amount of all then outstanding Pari Passu Subordinated Notes; provided, however, that without the consent of any of the holders of the
Subordinated Notes, the Company may incur: 
 (1) equipment financing, receivables-based financing and unsecured Indebtedness,
in an aggregate principal amount and/or aggregate borrowing capacity not to exceed $4.0 million at any one time outstanding, including any refinancings or replacements thereof, and 

(2) refinancing of Indebtedness outstanding as of the date hereof (which for the avoidance of doubt shall include the Subordinated
Notes), provided that (i) the principal amount of the refinancing indebtedness incurred pursuant to this clause (2) is not greater than the principal amount of the Indebtedness being refinanced, and (ii) the maturity date of
the refinancing indebtedness is not prior to the maturity date of the Indebtedness being refinanced. 
 The Company may
designate, at the time of incurrence, that Indebtedness incurred pursuant to this Section 4(a) may be incurred in whole or in part under either of clause (1) or (2), and may be redesignated from time to time at the Company’s sole and
absolute discretion. 
 (b) Reports. Until the Company becomes subject to the reporting requirements of
Section 13(a) or 15(d) of the Securities Exchange Act of 1934, at the request of the Holder, the Company agrees to furnish to the Holder the following financial statements and other information: 

(1) as soon as available, copies of the unaudited consolidated balance sheets of the Company and its subsidiaries as of
the end of the first three quarterly accounting periods during the fiscal year of the Company in which the Holder makes such request, and of the related consolidated statements of income and retained earnings and cash flows for such accounting
periods; 
 (2) as soon as available after the end of each fiscal year of the Company, copies of the audited
consolidated balance sheets of the Company and its subsidiaries as of the end of such fiscal year, and of the related audited consolidated 

 

 4 

 
statements of income and retained earnings and cash flows for such fiscal year accompanied by a report thereon from independent certified public accountants selected by the Company;
provided that the Company shall not be required to deliver audited financial statements if not otherwise required in connection with its financing agreements. 

(c) Terms No More Favorable. If any of the other subordinated indebtedness issued by the Company after the date hereof contain
terms more favorable to the holder of such subordinated indebtedness than those contained in this Note (such subordinated indebtedness, the “More Favorable Terms Note”), the Company shall promptly (but not less than 5 days after the
issuance of such More Favorable Terms Note) offer to exchange for this Note a new Subordinated Note which shall have the same terms as this Note plus the more favorable terms of the More Favorable Terms Note. 

5. Requirements for Transfer. This Note shall not be sold or transferred unless either (i) this Note shall have been
registered or qualified under the Securities Act of 1933, as amended (the “Act”), and all applicable state securities laws with respect thereto or (ii) the Company first shall have been furnished with an opinion of legal
counsel, reasonably satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration or qualification requirements of the Act and all applicable state securities laws with respect thereto. 

6. Payment of Principal. All payments due and payable from the Company to Holder under this Note shall be made in lawful currency
of the United States of America. In no event shall any prepayment of principal be made with respect to any other subordinated indebtedness of the Company unless and until the Company shall have concurrently prepaid a like proportionate amount of the
principal of this Note. All repayments and prepayments under this Note shall be applied first to accrued and unpaid interest and then to the outstanding principal balance hereof. 

7. Default. Upon the occurrence of an Event of Default (as defined below), the entire unpaid portion of the principal amount of
this Note, and all accrued and unpaid interest due Holder hereunder, shall automatically become due and payable. As used in this Note, “Event of Default” shall mean: (i) a receiver, trustee, custodian or similar officer is appointed
for the Company, or for any substantial part of its property and such appointment or proceedings remain unstayed or undismissed for a period of 90 days, (ii) any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt,
dissolution, liquidation or similar proceedings under the laws of any jurisdiction is instituted (by petition, application or otherwise) against the Company and such appointment or proceedings remain unstayed or undismissed for a period of 90 days,
(iii) the Company admits in writing its inability to pay its debts when due, (iv) the Company makes an assignment for the benefit of creditors, (v) the Company applies for or consents to the appointment of any receiver, trustee,
custodian or similar officer for the Company or for any substantial part of its property, (vi) the Company institutes (by petition, application or otherwise) or consents to any bankruptcy, insolvency, reorganization, arrangement, readjustment
of debt, dissolution, liquidation or similar proceedings under the laws of any jurisdiction against the Company, (vii) any Indebtedness of the Company in excess of $1,000,000 is accelerated prior to its scheduled maturity date, (viii) the
Company fails to make any principal or interest payment under this Note when due and, other than at scheduled maturity, such breach remains 

 

 5 

 
uncured for 10 days following written notice from any holder of Subordinated Notes, and (ix) the Company breaches any of its other obligations hereunder or as set forth in the Agreement and
such breach remains uncured for thirty days following written notice from any holder of Subordinated Notes. 
 8.
Replacement. Whenever this Note shall be surrendered at the principal executive office of the Company for transfer or exchange, accompanied by a written instrument of transfer in form reasonably satisfactory to the Company duly executed by
the Holder hereof or his, her or its attorney duly authorized in writing, the Company shall execute and deliver in exchange therefor a new Note or Notes, as may be requested by such Holder, in the same aggregate unpaid principal amount and payable
on the same date as the principal amount of the Note or Notes so surrendered; each such new Note shall be in such principal amount and registered in such name or names as such Holder may designate in writing. Upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Note and of indemnity reasonably satisfactory to it, and upon reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and
cancellation of this Note (in case of mutilation) the Company will make and deliver in lieu of this Note a new Note of like tenor and unpaid principal amount. 

9. General. 

(a) Successors and Assigns. This Note, and the obligations and rights of the Company hereunder, shall be binding upon and inure to
the benefit of the Company, the Holder of this Note, and their respective heirs, successors and assigns. 
 (b) Notices.
All notices, requests, consents and demands shall be made in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed telex or facsimile if sent during normal
business hours of the recipient, if not, then on the next business day, (c) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the Company at 2980 Scott Street, Vista, CA 92801, Attention: President, and to the Holder at the applicable
address set forth on the applicable signature page to the Subscription Agreement or at such other address as the Company or Holder may designate by ten (10) days advance written notice to the other parties hereto. 

(c) Governing Law. This Note shall be construed and enforced in accordance with, and the rights of the parties shall be governed
by, the laws of the State of New York, without regard to its principles of choice of law. 
 (d) Waiver and Amendment. No
delay or omission on the part of the Holder in exercising any right under this Note shall operate as a waiver of such right or of any other right of such Holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or
waiver of the same or any other right on any future occasion. The Company hereby waives presentment, notice of dishonor, protest and notice of protest with respect to this Note. This Note may only be amended or modified by a written agreement signed
by the Company and Holder. 
  

 6 

 (e) Costs of Collection. The Company agrees to pay on demand all costs of collection,
including reasonable attorney’s fees, incurred by the Holder in enforcing the obligations of the Company under this Note. 

(f) Confidentiality. By the Holder’s acceptance hereof, the Holder agrees to keep confidential and not disclose, divulge or
use for any unauthorized purpose any confidential, proprietary or secret information which the Holder may obtain from the Company and which is marked by the Company as confidential (i) pursuant to financial statements, reports and other
materials submitted by the Company to the Holder, or (ii) pursuant to visitation or inspection rights (if any) granted to the Holder, in each case, unless such information is known, or until such information becomes known, to the public, or the
Holder is required by any governmental agency, court or other regulatory body having jurisdiction over the Holder to disclose such information, but only for the sole purpose of and solely to the extent required by such agency, court or other
regulatory body, provided that the Holder, to the extent possible, shall give the Company prior written notice of the proposed disclosure and cooperate fully with the Company to minimize the scope of any such required disclosure, to the
extent possible and in accordance with applicable law. 
 (g) Headings. The headings in this Note are for purposes of
reference only and shall not limit or otherwise affect the meaning of any provision of this Note. 
 (Signature Page
Follows) 
  

 7 

 IN WITNESS WHEREOF, this Note has been executed and delivered on the date first above
written by the undersigned authorized representative of the Company. 
  

			
	 AUTOGENOMICS, INC.

a Delaware corporation

		
	By:	 	 /s/ Fareed Kureshy

		 	Fareed Kureshy
		 	President and CEO

  

 (Signature Page to Subordinated Note) 

 Schedule to Exhibit 10.13 

The following subordinated promissory notes are substantially identical in all material respects to the representative note to which this
schedule is attached and which is filed as an exhibit to AutoGenomics, Inc.’s registration statement on Form S-1 (Reg. No. 333-152512) (the “Registration Statement”), except as to the parties thereto, dates of issuance, principal
amounts and maturity dates set forth below. These other subordinated promissory notes are not being filed with the Registration Statement, pursuant to Instruction 2 to Item 601 of Regulation S-K promulgated under the Securities Exchange Act of
1934, as amended. 
  

										
	 Number
	 	 Holder
	 	 Date of Issuance
	 	Principal
Amount	 	 Maturity Date

	201003-002	 	A R Properties	 	March 9, 2010	 	$	125,000	 	March 10, 2012
	201003-003	 	IAS Management LLC	 	March 9, 2010	 	$	125,000	 	March 10, 2012
	201003-004	 	Lillian R. Kramer 2009 Trust	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-005	 	I Melvin Kramer Special Revocable Trust	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-006	 	Kim Pegula & Terrence Pegula, JT TEN	 	March 9, 2010	 	$	400,000	 	March 10, 2012
	201003-007	 	Brian J. Carruthers	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-008	 	Holder Enterprises, LLC	 	March 9, 2010	 	$	400,000	 	March 10, 2012
	201003-009	 	Sidney L. McDonald	 	March 9, 2010	 	$	400,000	 	March 10, 2012
	201003-010	 	Jeff Olson Consultant Retirement Trust	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-011	 	David Savula & Beverly Savula JTWROS	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-012	 	Stephen Lepley & Laura Jane Lepley, Ten. Com.	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-013	 	Ivie Family Limited Partnership	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-014	 	John David Wine	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-015	 	Mary Ann Evans	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-016	 	Woodford Farm Trust	 	March 9, 2010	 	$	250,000	 	March 10, 2012
	201003-017	 	Hubbard Properties	 	March 9, 2010	 	$	550,000	 	March 10, 2012
	201003-018	 	Carson Grantor Retained Annuity Trust	 	March 15, 2010	 	$	250,000	 	March 16, 2012

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