Document:

exhibit1022.htm

    

     

    SUBSCRIPTION
      AGREEMENT

     

    

    
      	 	
              Name(s) of
                Subscriber(s):

            	
              Total
                Subscription Shares:

               

            	
              ________________

            
	 	 	 	 
	 	
              __________________________

            	
              Total
                Subscription Price:

            	
              $_______________

            
	 	
              __________________________

            	 	 

    

    

     

    NeoGenomics,
      Inc.

    12701
      Commonwealth Drive, Suite 9

     

    Fort
      Myers, Florida 33913

     

    Gentlemen:

     

    1.           Subscription.  The
      undersigned (the “Subscriber”) hereby subscribes for and agrees to
      purchase ____________ Shares (the “Shares”) of common stock, par value
      $0.001 per share (the “Common Stock”) of NeoGenomics, Inc., a Nevada
      corporation (the “Corporation”) at a purchase price of $1.50 per
      Share for an aggregate price of $_________(the “Total Subscription
      Price”) in accordance with the terms of this Subscription Agreement (the
“Subscription Agreement”).

     

    2.           Subscription
      Instruments.  The Subscriber hereby
      tenders to the Corporation the following materials (the “Subscription
      Materials”), all of which have been duly completed and executed by the
      Subscriber:

     

    a.           A
      check or wire transfer, in the amount of $1.50 per Share subscribed for, made
      payable to NeoGenomics, Inc.  All wire transfers should be sent to the
      Corporation in accordance with the wire transfer instructions attached hereto
      as
      Exhibit A.

     

    b.           One
      copy of this Subscription Agreement; and

     

    c.           One
      copy of the Accredited Investor Suitability Questionnaire; and

     

    d.           One
      copy of the Registration Rights Agreement.

     

    3.           Acceptance
      or Rejection of Subscription.  The
      Subscriber understands and agrees that:

     

    a.           If
      this subscription is accepted, the proceeds delivered herewith shall be used
      to
      admit the subscribers whose subscriptions were accepted as shareholders of
      the
      Corporation; and

     

    b.           If
      this subscription is rejected, the Subscription Documents and the subscription
      funds will be promptly returned to the Subscriber.  No interest will
      be paid on any subscription funds.

     

    4.           Representations
      and Warranties of the Subscriber.  The
      Subscriber hereby represents and warrants to the Corporation as
      follows:

     

    a.           All
      matters relating to the Corporation and the Subscriber’s investment in the
      Shares have been explained to the Subscriber and the Subscriber’s advisors and
      you understand the speculative nature of and the risks involved in this
      investment.  The Subscriber understands the business in which the
      Corporation is engaged and the Subscriber has such knowledge and experience
      in
      financial and business matters that the Subscriber is capable of evaluating
      the
      merits and risks of an investment in the Corporation and making an informed
      investment decision with respect thereto.  The Subscriber and his
      attorneys, investment advisors, business advisors, tax advisors and accountants
      have had access to the Corporation reports, schedules, forms, statements and
      other documents filed by it with the United States Securities and Exchange
      Commission under the Securities Exchange Act of 1934, as amended (the
“Exchange 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”), and, prior to the execution of this letter by the
      Subscriber, the Subscriber has carefully reviewed the SEC
      Documents.  The Subscriber relied solely on the information contained
      in the SEC Documents in making his investment decision, and, in making his
      investment decision, the Subscriber has disregarded any other written or oral
      statements or information, if any, concerning the Corporation or an investment
      in the Shares made by any party, including, without limitation, the officers,
      directors, and employees of the Corporation.  The Subscriber
      understands the business in which the Corporation will be engaged and has such
      knowledge and experience in financial and business matters that he is capable
      of
      evaluating the merits and risks of an investment in the Corporation and making
      an informed investment decision with respect thereto.  The Subscriber
      has obtained sufficient information to evaluate the merits and risks of the
      investment and to make such a decision.  To the extent that the
      Subscriber has deemed it appropriate to do so, the Subscriber has retained,
      and
      relied upon, appropriate professional advice regarding the tax, accounting,
      legal, investment and financial merits and consequences of an investment in
      the
      Shares.  The Subscriber acknowledges that he has relied solely on the
      professional advice of his own counsel with respect to the transactions set
      forth herein.

     

    b.           The
      Subscriber and his attorneys, investment advisors, business advisors, tax
      advisors and accountants have had sufficient access to all documents and records
      pertaining to the Corporation and this proposed investment in the
      Shares.  Additionally, the Subscriber and all of his advisors have had
      the opportunity to ask questions and receive answers concerning the terms and
      conditions of the offering and other matters pertaining to this investment,
      and
      all such questions have been answered to the satisfaction of the
      Subscriber.  The Subscriber and all of his advisors have had an
      opportunity to obtain any additional information which the Corporation
      possesses, or can acquire without unreasonable effort or expense, necessary
      to
      verify the accuracy of the information furnished in the SEC
      Documents;

     

    c.           The
      Subscriber (i) has adequate means of providing for his current needs and
      possible personal contingencies and those of his family, if applicable, in
      the
      same manner as he would have been able to provide prior to making the investment
      in the Shares, (ii) has no need for liquidity in this investment,
      (iii) is aware of and able to bear the risks of this investment for an
      indefinite period of time and (iv) is presently able to afford a complete
      loss of such investment;

     

    d.           The
      Subscriber recognizes that an investment in the Shares involves significant
      risks, including, without limitation, those set forth in the SEC
      Documents.  The Subscriber acknowledges that the Corporation continued
      operation is highly dependent upon its ability to raise substantial additional
      capital and/or increase revenues.  No assurance can be given that the
      Corporation will be successful in raising any such capital and/or increasing
      revenues.  The failure to raise such capital and/or increase revenues
      will have a material adverse effect on the Corporation’s operations and
      financial condition and on its ability to continue as a going
      concern;

     

    e.           The
      Subscriber has not relied on any promotional sales materials, representations
      or
      warranties or financial projections with respect to the Corporation or its
      business and financial condition in connection with determining the merits
      of an
      investment in the Shares.  The Subscriber understands and acknowledges
      that no representations concerning the accuracy of information or financial
      projections, if any, are being made by the Corporation and the Subscriber has
      completely disregarded such information or financial projections, if any, in
      determining whether to purchase the Shares.

     

    f.           The
      Subscriber and his advisors have reviewed the financial condition of the
      Corporation and the Corporation’s financial statements as set forth in the SEC
      Documents, and the Subscriber agrees and acknowledges that the Corporation
      has
      not made and is making no representations, warranties or predictions regarding
      the Corporation’s present or future financial condition.

     

    g.           The
      Subscriber understands that none of the Shares have been registered under the
      Securities Act of 1933, as amended (the “Securities Act”) or the
      securities laws of any state in reliance upon exemptions therefrom for private
      offerings.  The Subscriber understands that the Shares must be held
      indefinitely unless the sale thereof is subsequently registered under the
      Securities Act and applicable state securities laws or exemptions from such
      registration are available.  The Subscriber further understands that
      the Corporation has no obligation to repurchase any of the
      Shares.  All certificates evidencing the Subscriber’s ownership of the
      Shares will bear a legend stating that the Shares have not been registered
      under
      the Securities Act or state securities laws and they may not be resold unless
      they are registered under the Securities Act and applicable state securities
      laws or exempt therefrom.

     

    h.           The
      Shares are being purchased solely for the Subscriber’s account for
      investment and not for the account of any other person and not with a view
      to or
      for distribution, assignment or resale in connection with any distribution
      within the meaning of the Securities Act, and no other person has a direct
      or
      indirect beneficial interest in such Shares.  The Subscriber
      represents that he has no agreement, understanding, commitment or other
      arrangement with any person and no present intention to sell, transfer or assign
      any Shares;

     

    i.           The
      Subscriber realizes that he may not be able to sell or dispose of any of the
      Shares and that no market of any kind (public or private) may be available
      for any of the Shares.  In addition, the Subscriber understands that
      his right to transfer the Shares will be subject to restrictions contained
      in
      applicable Federal and state securities laws;

     

    j.           All
      information which the Subscriber has provided to the Corporation concerning
      himself, his financial position and his knowledge of financial and business
      matters, including all information contained in this Subscription Agreement,
      is
      correct and complete as of the date set forth on the signature page hereof,
      and
      if there should be any adverse change in such information prior to his
      subscription being accepted, he will immediately provide the Corporation with
      such information;

     

    k.           The
      Subscriber’s principal residence (if subscriber is an individual) or
      principal business address, as applicable, is in the State of _______________,
      and the Subscriber has no present intention to move such residence or principal
      business address, as applicable, from such State;

     

    l.           The
      Subscriber understands that no financial projections are included in the SEC
      Documents, and neither the Subscriber nor any of his advisors are relying on
      any
      financial projections in connection with determining the merits of an investment
      in the Shares.  The Subscriber understands and acknowledges that no
      representations concerning the accuracy of information or financial projections,
      if any, not included in the SEC Documents are being made and he and all of
      his
      advisors have completely disregarded such information or financial projections,
      if any, not included in the SEC Documents in determining whether to invest
      in
      the Shares; and

     

    m.           The
      Subscriber understands that the Corporation may at any time, in its sole
      discretion, arrange for the offer and sale of additional shares of its capital
      stock to current or additional shareholders, at such prices and in such amounts
      as it, in its sole discretion, may determine to be in the best interests of
      the
      Corporation.

     

     

    
      	
              5.  

            	
              Representations
                and Warranties of the
                Corporation.

            

    

     

    The
      Corporation represents and warrants to the Subscriber that the statements made
      in this Section 5 are true and correct.  As used herein, the term
“Knowledge” means the knowledge of any officer of the
      Corporation, following such inquiries and investigations as would be deemed
      appropriate by a reasonable businessperson in the laboratory services industry
      in the prudent management of his or her business affairs.

     

    a.           The
      Corporation is a corporation duly organized, validly existing and in good
      standing under the Securities Exchange Act of 1934.  The Corporation
      has all requisite corporate power and authority to own and operate its
      properties and assets, to execute and deliver this Subscription Agreement,
      and,
      to the extent applicable, to issue and sell the Shares, and to carry out the
      provisions of this Subscription Agreement and to carry on its business as
      currently conducted and as currently proposed to be conducted.

     

    b.           As
      of the date of this Subscription Agreement, the Corporation has only one
      Subsidiary (as defined herein):  NeoGenomics, Inc., a Florida company,
      d/b/a NeoGenomics Laboratories..  Except as set forth in the SEC
      Documents, the Corporation does not own any ownership interest or profits
      interest in any other corporation, limited liability corporation, limited
      partnership or similar entity.  Except as set forth in the SEC
      Documents, the Corporation is not a participant in any joint venture,
      partnership or similar arrangement.  For the purpose of this
      Agreement, “Subsidiaries” means, with respect to any
      Person (as defined below) (including the Corporation), any corporation,
      partnership, association or other business entity of which more than 50% of
      the
      issued and outstanding stock or equivalent thereof having ordinary voting power
      is owned or controlled by such Person, by one or more Subsidiaries or by such
      Person and one or more Subsidiaries of such Person.  For purposes of
      this Subscription Agreement, “Person” means any
      individual, corporation, partnership, firm, joint venture, association, limited
      liability Corporation, limited liability partnership, joint-stock Corporation,
      trust, unincorporated organization or governmental entity.

     

    c.           The
      authorized capital stock of the Corporation, immediately prior to this offering,
      consists of: (i) common stock, par value $0.001 per share.  Upon
      consummation of the purchase and sale of the Shares contemplated by this
      Subscription Agreement, all issued and outstanding Shares issued pursuant to
      this Subscription Agreement will be: (a) duly authorized, validly issued, fully
      paid and nonassessable, (b) issued in compliance with all applicable state
      and
      federal laws concerning the issuance of securities, and (c) free of any liens
      or
      encumbrances other than liens and encumbrances created by or imposed upon the
      Investor.  The issuance and sale of the Shares will not obligate the
      Corporation to issue shares of Common Shares or other securities to any Person
      (other than the placement agent) and will not result in a right of any holder
      of
      Corporation securities to adjust the exercise, conversion, exchange or reset
      price under such securities.  No further approval or authorization of
      any stockholder, the Board of Directors of the Corporation or others is required
      for the issuance and sale of the Shares.  Except as described in the
      SEC Documents, there are no stockholders agreements, voting agreements or other
      similar agreements with respect to the Corporation’s capital stock to which the
      Corporation is a party or, to the knowledge of the Corporation, between or
      among
      any of the Corporation’s stockholders.  A complete list of
      stockholders of the Corporation that are officers, directors and individuals
      holding more than 5% of the outstanding Common Stock is included in the SEC
      Documents.

     

    d.           All
      corporate actions by or on behalf of the Corporation necessary for the
      authorization of this Subscription Agreement, the performance of all obligations
      of the Corporation hereunder and the authorization, sale, issuance and delivery
      of the Shares pursuant to this Subscription Agreement have been taken or will
      be
      taken prior to issuance of the Shares.  This Subscription Agreement
      (assuming due execution and delivery by the Subscriber), when executed and
      delivered, will be a valid and binding obligation of the Corporation enforceable
      against the Corporation in accordance with its terms, subject to the effects
      of
      bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
      other similar laws related to or affecting creditors rights
      generally.  The execution, delivery and performance of, and the
      consummation of the transactions contemplated by, this Subscription Agreement,
      including without limitation the sale, issuance and delivery of the Shares,
      have
      not resulted and will not result in (a) any violation of, or default under,
      or
      conflict with, or constitute, with or without the passage of time or the giving
      of notice or both, any violation of, or default under or give rise to any right
      of termination, cancellation or acceleration under (i) any term or provision
      of
      (A) the Corporation’s Certificate of Incorporation or Bylaws, (B) any written
      contract, agreement, instrument, arrangement or understanding of the Corporation
      or any oral contract, agreement, instrument, arrangement or understanding that
      is legally binding on the Corporation, or (C) any judgment, order, writ,
      injunction or decree or any court, government agency or instrumentality of
      any
      arbitrator, in each case, to which the Corporation is a party or by which it
      or
      any of its properties or assets are bound or (ii) any statute, rule or
      regulation applicable to the Corporation or any of its properties or assets
      or
      (b) the creation of any mortgage, lien, pledge, encumbrance or charge upon
      any
      of the properties or assets of the Corporation.

     

    e.           The
      Corporation has filed all reports required to be filed by it under the Exchange
      Act, for the two years preceding the date hereof (or
      such shorter period as the Corporation was required by law to file such
      material).  As of their respective dates, the SEC Documents complied
      in all material respects with the requirements of the Securities Act and the
      Exchange Act and the rules and regulations of the Securities and Exchange
      Commission (the “Commission”) promulgated hereunder, and none of the SEC
      Documents, when filed, 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.  The Corporation has advised the
      Investor that a correct and complete copy of each of the SEC Documents (together
      with all exhibits and schedules thereto and as amended to date) is available
      at
http://www.sec.gov, a website maintained by the Commission where the
      Investor may view the SEC Documents.  The financial statements of the
      Corporation included in the SEC Documents (the “Financial
      Statements”) comply in all material respects with
      applicable accounting requirements and the rules and regulations of the
      Commission with respect thereto as in effect at the time of
      filing.  Such financial statements have been prepared in all material
      respects in accordance with generally accepted accounting principles applied
      on
      a consistent basis during the periods involved (“GAAP”), except as
      may be otherwise specified in such financial statements or the notes thereto,
      and fairly present in all material respects the financial position of the
      Corporation and its consolidated Subsidiaries as of and for the dates thereof
      and the results of operations and cash flows for the periods then
      ended.

     

    f.           Since
      the March 31, 2007 Balance Sheet Statement date (the “Statement
      Date”), there has not been:

     

    (i)           Any
      change in the assets, liabilities, financial condition, operations or, to the
      Knowledge of the Corporation, any prospects of the Corporation, which
      individually or in the aggregate has had or is reasonably likely to have a
      material adverse effect on the assets, liabilities, financial condition,
      operations or prospects of the Corporation;

     

    (ii)           Any
      material change in the contingent obligations of the Corporation by way of
      guaranty, endorsement, indemnity, warranty or otherwise;

     

    (iii)           Any
      damage, destruction or loss adversely affecting the properties, Business or
      financial condition of the Corporation, or to the Corporation’s Knowledge, its
      prospects, whether or not covered by insurance, with a fair market value of
      at
      least $25,000, in each instance, or more than $50,000 in the
      aggregate;

     

    (iv)           Any
      waiver by the Corporation of a valuable right or of a debt in excess of $50,000
      owed to it;

     

    (v)           To
      the Corporation’s Knowledge, any labor organization activity of the employees of
      the Corporation;

     

    (vi)           Any
      other event or condition of any character that, either individually or
      cumulatively, has materially and adversely affected the business, assets,
      liabilities, financial condition or operations of the Corporation or, to the
      Corporation’s Knowledge, its prospects.

     

    g.           Except
      as disclosed in the SEC Documents, the Corporation has good and marketable
      title
      to its properties and assets, including the properties and assets reflected
      in
      the most recent balance sheet included in the Financial Statements, and good
      title to its leasehold estates, in each case subject to no mortgage, pledge,
      lien, lease, encumbrance or charge, other than (a) those resulting from taxes
      which have not yet become delinquent, (b) minor liens and encumbrances which
      do
      not detract from the value of the property subject thereto or impair the
      operations of the Corporation, (c) liens on equipment which are the result
      of
      such equipment being acquired through capital lease financing arrangements,
      and
      (d) those that have otherwise arisen in the ordinary course of
      business.  All facilities, machinery, equipment, fixtures, vehicles
      and other properties owned, leased or used by the Corporation are in good
      operating condition and repair and are fit and usable for the purposes for
      which
      they are being used.  The Corporation is in material compliance with
      all terms of each lease to which it is a party or is otherwise
      bound.

     

    h.           With
      respect to intellectual property of the Corporation:

     

    (i)           The
      Corporation owns or possesses sufficient legal rights to use all patents,
      applications for patents, trademarks, trademark registrations, applications
      for
      trademark registrations, service marks, trade names, copyrights, trade secrets,
      computer software and applications, product related artwork and know-how
      (including any registrations and applications for registration thereof),
      licenses, information and other proprietary rights and
      processes (collectively, “Intellectual
      Property”), necessary for the business, and
      Corporation’s use of the Corporation Intellectual Property has not and, to the
      Corporation’s Knowledge, will not constitute any infringement of the rights of
      any other person or entity.

     

    (ii)           Since
      the Statement Date, there has not been any sale, assignment or transfer of
      any
      patents, trademarks, copyrights, trade secrets or other intangible assets of
      the
      Corporation.

     

    i.           The
      Corporation is not in violation or default of any term of its Certificate of
      Incorporation or its Bylaws (in each case, as amended to date), or of any
      provision of any mortgage, indenture, contract, agreement, instrument or
      contract to which it is party or by which it is bound or of any judgment,
      decree, order, writ or any statute, rule, regulation, order or restriction
      of
      any domestic or foreign government or any instrumentality or agency thereof
      applicable to the Corporation which individually or in the aggregate is
      reasonably likely to materially and adversely affect the business, assets,
      liabilities, financial condition, operations or prospects of the
      Corporation.

     

    j.           With
      respect to tax returns of the Corporation:

     

    (i)           the
      Corporation has filed or caused to be filed all tax returns (federal, state
      and
      local) required to be filed by it (“Tax Returns”); and

     

    (ii)
      all
      taxes shown to be due and payable on such Tax Returns, and any written
      assessments imposed on the Corporation in respect of any taxable period ending
      on or before the Closing have been paid or will be paid prior to the time they
      become delinquent or are being contested in good faith.  The
      Corporation has not been advised in writing and has no Knowledge of any
      deficiency, assessment or proposed adjustment to its federal, state or local
      taxes.

     

    k.           With
      respect to Corporation employees:

     

    (i)           (a)  the
      Corporation has no, and never has had any, collective bargaining agreements
      with
      any of its employees; (b) there is no labor union organizing activity pending
      or, to the Corporation’s Knowledge, threatened with respect to the Corporation;
      (c) except as disclosed in the SEC Documents, no employee has or is subject
      to
      any agreement or contract (including, without limitation, licenses, covenants
      or
      commitments of any nature) regarding his employment; (d) except as disclosed
      in
      the SEC Documents, none of its Employees is subject to any judgment, decree
      or
      order of any court or governmental agency, that would interfere with his or
      her
      duties to the Corporation or that would conflict with the Business as currently
      conducted; (e) to the Corporation’s Knowledge, no employee, nor any consultant
      with whom the Corporation has contracted, is in violation of any term of any
      employment contract, proprietary information agreement or any other agreement
      relating to the right of any such individual to be employed by, or to contract
      with, the Corporation; and (f) the Corporation does not have any present
      intention to terminate the employment of any officer or key
      employee.

     

    (ii)           The
      Corporation has not received written notice and has no Knowledge of any
      outstanding or threatened claims against the Corporation or any affiliate
      (whether under federal or state law, under any employment agreement, or
      otherwise) asserted by any present or former Employee of the Corporation that,
      individually or in the aggregate, if determined adversely to the Corporation,
      would reasonably be expected to have a material adverse effect or materially
      and
      adversely affect the ability of the Corporation to perform its
      obligations.  To the Corporation’s Knowledge it is not in material
      violation of any law, ordinance or governmental rule or regulation concerning
      immigration or the employment of persons other than U.S. citizens.

     

    l.           The
      Corporation has no interest in any real estate, except that the Corporation
      leases the property at its offices in various locations (the “Leased Real
      Property”).  The Leased Real Property is adequate for the
      operations of the business of the Corporation as currently conducted and as
      contemplated to be conducted as of the date hereof.  The Corporation
      has paid all amounts due and has not received written notice and has no
      Knowledge that it is in default under any real property lease and there exists
      no condition or event, which, with the passage of time, giving of notice or
      both, could reasonably be expected to give rise to a default under or breach
      of
      any real property lease.

     

    m.           The
      representations, warranties and other statements contained in this Subscription
      Agreement do not contain any untrue statement of a material fact or omit to
      state a material fact necessary in order to make the statements contained herein
      or therein not misleading.

     

    n.           The
      Corporation is not an “investment Corporation”, or a Corporation “controlled” by
      an “investment Corporation”, within the meaning of the Investment Company Act of
      1940, as amended.

     

    o.           Noble
      International Investments, Inc. (“Noble”) has been retained as a
      placement agent for the Corporation.  Under the terms of its
      engagement with the Corporation, Noble shall receive a 5% cash fee of the gross
      proceeds from investors it identifies to the Corporation, plus warrants to
      purchase 5% of the number of shares so issued by the Corporation to such
      investors.  Such warrants will be exercisable for five years and will
      have a strike price of $1.50/share.  Noble is also entitled to be
      reimbursed for its out of pocket expenses.   Except for Noble,
      the Corporation has not employed any unaffiliated broker or finder, or incurred
      any liability for any brokerage or finders fees or any similar fees or
      commissions in connection with the transactions contemplated by this
      Agreement.

     

    p.           Except
      as set forth in the SEC Documents, there is no action, suit, proceeding, inquiry
      or investigation before or by any court, public board, government agency,
      self-regulatory organization or body pending against or affecting the
      Corporation, the Common Stock or any of the Corporation’s subsidiaries, wherein
      to the Corporation’s Knowledge, an unfavorable decision, ruling or finding would
      have a material adverse effect on the Corporation.

     

    q.           The
      Corporation has agreed to file a Form D with respect to the sale of the Shares
      as required under Regulation D.  The Corporation shall, on or before
      the closing date of the sale of the Shares to the Subscriber, take such action
      as the Corporation shall reasonably determine is necessary to qualify the
      Shares, or obtain an exemption for the Shares for sale to the Investor pursuant
      to this Subscription Agreement under applicable securities or “Blue Sky” laws of
      the states of the United States.

     

    r.           As
      of the date of this Agreement, Aspen Select Healthcare, LP (“Aspen”), our
      largest shareholder and an investment partnership controlled by one of the
      members of our Board of Directors, is contemplating selling as many as 2.0
      million shares of the Corporation’s Common Stock alongside of the Company in
      this offering.  Such sale of shares, if consummated by Aspen, will be
      on terms identical to the terms offered by the Company pursuant to this
      Subscription Agreement.

     

     

    6.  The
      Subscriber understands and agrees that this subscription is subject to the
      following terms and conditions:

     

    a.           This
      subscription is irrevocable and the execution and delivery of this Agreement
      will not constitute an agreement between the Subscriber and the Corporation
      until this Agreement has been accepted by the Corporation;

     

    b.           The
      Corporation can, in it sole discretion, reject a subscription as soon as
      practicable after receipt of the Subscriber’s subscription.  The
      Subscriber will be promptly notified by the Corporation as to whether his
      subscription has been accepted.  If the Subscriber’s subscription is
      not accepted, his check or wire transfer amount (less any applicable bank
      charges) will be returned promptly and all of his obligations hereunder shall
      terminate; and

     

    c.           This
      subscription is not transferable or assignable, either before or after
      acceptance hereof by the Corporation, and the Shares issuable on account of
      this
      subscription will only be issued in the name of, and delivered to, the
      Subscriber.

     

    7.           Registration.   In
      accordance with that certain Registration Rights Agreement of even date
      herewith, the Corporation shall prepare and file, no later than thirty (30)
      days
      from May 31, 2007 (the “Scheduled Filing Deadline”), with the United
      States Securities and Exchange Commission (the “SEC”), a registration statement
      on Form S-1 or SB-2 (or, if the Company is then eligible, on Form S-3) under
      the
      Securities Act (the “Initial Registration Statement”) for the resale by
      the Subscriber of the Shares.  Further, the Company shall use its best
      efforts to have the Initial Registration Statement declared effective by the
      SEC
      no later than ninety (90) days after the Scheduled Filing Deadline.

     

    
      	
              8.  

            	
              Miscellaneous.

            

    

     

    a.  The
      representations, warranties and agreements made by the Subscriber herein have
      been made with the intent that they be relied upon by the Corporation for
      purposes of the offering.  The Subscriber further undertakes to notify
      the Corporation immediately of any change in any information supplied by the
      Subscriber.  If more than one person is signing this Agreement, each
      representation, warranty and agreement shall be a joint and several
      representation, warranty and agreement of each such Subscriber.

     

    b.  The
      Subscriber unconditionally agrees to indemnify and hold the Corporation, its
      officers, directors and shareholders or any other person who may be deemed
      to
      control the Corporation, and any of their counsel and accountants, harmless
      from
      any loss, liability, claim, damage or expense, arising out of the inaccuracy
      of
      any of the Subscriber’s, or his attorney’s or agent’s representations,
      warranties or statements or the breach of any of the agreements contained
      herein.

     

    c.  This
      Agreement and the rights of the parties hereunder shall be governed by and
      construed in accordance with the laws of the State of Florida, without regard
      to
      its conflicts of law principles.  All parties hereto (i) agree
      that any legal suit, action or proceeding arising out of or relating to this
      Agreement shall be instituted only in a federal or state court in Miami-Dade
      County, Florida, (ii) waive any objection which they may now or hereafter
      have to the laying of the venue of any such suit, action or proceeding as
      described in this Section 8, and (iii) irrevocably submit to the
      jurisdiction of any federal or state court in Miami-Dade County, Florida in
      any
      suit, action or proceeding, but such consent shall not constitute a general
      appearance or be available to any other person who is not a party to this
      Agreement.

     

    d.  This
      Agreement may be executed in counterparts and by facsimile, or by Adobe Acrobat
      PDF file, each of which shall be deemed an original for all intents and
      purposes.

    

    

    [Signatures
      Appear on the Following Pages]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    TYPE
      OF OWNERSHIP:

     

    

    
      	
              Please
                check one:

            	 
	 	 
	 	 
	
              _______________

            	
              Individual  (One
                signature required)

            
	 	 
	
              _______________

            	
              Joint
                tenants with rights of survivorship  (All parties must
                sign)

            
	 	 
	
              _______________

            	
              Tenants
                by the Entirety  (Both parties must sign)

            
	 	 
	
              _______________

            	
              Tenants
                in common  (All parties must sign)

            
	 	 
	
              _______________

            	
              Corporation  (Authorized
                officer must sign)

            
	 	 
	
              _______________

            	
              Other
                Entity (Specify type) (Authorized party must sign)

            
	 	
              Type:  _________________________

            
	 	 
	 
	
              EXACT
                REGISTRATION NAME(S) AND ADDRESS FOR
                SHARE(S)

            
	 
	
              Exact
                Subscriber Name for Certificate:
                __________________________________________

            
	 
	
              Address:                                                      __________________________________________

            
	
              __________________________________________

            
	
              __________________________________________

            
	 
	
              Point
                of
                Contact:                                                                __________________________________________

            
	
              Telephone
                Number:                                                                __________________________________________

            
	
              Facsimile
                Number:                                                                __________________________________________

            
	 
	
              Tax
                Payer ID #/
                FEIN#:                                                                __________________________________________

            
	 
	
              Special
                Instructions:                                                                __________________________________________

            
	
              __________________________________________

            

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    SIGNATURE
      PAGE FOR INDIVIDUAL INVESTORS

     

    IN
      WITNESS WHEREOF, the Subscriber has executed this Subscription
      Agreement this _____ day of ____________, 2007.

     

    
      	
              Investor

            	 
	 	 
	 	
              Signature:

            
	 	
              Print
                Name:

            
	 	 
	 	 
	
              Investor

            	 
	 	 
	 	
              Signature:

            
	 	
              Print
                Name:

            
	 	 

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

     

     

    SIGNATURE
      PAGE FOR CORPORATE INVESTORS

     

    IN
      WITNESS WHEREOF, the Subscriber, intending to be legally bound, has
      executed this Subscription Agreement this _____ day of _____________________,
      2007.

     

    
      	 	 
	 	 
	 	
              Name
                of Corporation

            
	 	 
	 	
              By:                                                                

            
	 	
              Signature
                of authorized representative

            
	 	 
	 	
              Title:

            
	 	
              Title
                of authorized representative

            

    

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

     

     

    SIGNATURE
      PAGE FOR PARTNERSHIP INVESTORS

     

    IN
      WITNESS WHEREOF, the Subscriber, intending to be legally bound, has
      executed this Subscription Agreement this _____ day of _________________,
      2007.

     

    
      	 	 
	 	 
	 	
              Name
                of Partnership

            
	 	 
	 	
              By:                                                                

            
	 	
              Signature
                of general partner

            
	 	 
	 	
              Title:

            
	 	
              Title
                of additional general partner if
                required

            

    

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

     

     

    SIGNATURE
      PAGE FOR TRUST INVESTORS

     

    IN
      WITNESS WHEREOF, the Subscriber, intending to be legally bound, has
      executed this Subscription Agreement this _____ day of __________________,
      2007.

     

    
      	 	 
	 	 
	 	
              Name
                of Trust

            
	 	 
	 	
              By:                                                                

            
	 	
              Signature
                of Trustee

            
	 	 
	 	
              Title:

            
	 	
              Title
                of additional Trustee if required

            

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    CERTIFICATE
      FOR CORPORATE, PARTNERSHIP OR TRUST SUBSCRIBER

     

    The
      Subscriber, an authorized officer, trustee or general partner of
      _____________________________________________, hereby certifies
      that:

     

    (a)           The
      Subscriber has been duly formed and is validly existing under the laws of the
      State of ____________, with full power and authority to invest in NeoGenomics,
      Inc., a Nevada corporation; and

     

    (b)           The
      Subscriber’s Subscription Agreement has been duly and validly authorized,
      executed and delivered on behalf of the Subscriber and, upon the Corporation’s
      acceptance of the Subscriber’s subscription, the Subscription Agreement will
      constitute the valid, binding and enforceable agreement of the
      Subscriber.

     

    
      	 	 
	 	 
	 	
              Name
                of Subscriber

            
	 	 
	 	 
	 	 
	 	
              Signature
                of an authorized corporate officer,

            
	 	
              general
                partner or trustee

            
	 	 
	 	 
	 	 
	
              Date

            	
              Titleexhibit1023.htm

    

     

    INVESTOR
      REGISTRATION RIGHTS AGREEMENT

     

    THIS
      REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of
      May ___, 2007, by and among NEOGENOMICS, INC., a Nevada
      corporation (the “Company”), and [NAME OF
      INVESTOR], a ___________ _____ (the “Investor”).

     

    WHEREAS:

     

    A.           In
      connection with that certain Subscription Agreement by and among the parties
      hereto of even date herewith (the “Subscription
      Agreement”), the Company has agreed, upon the terms and subject to the
      conditions of the Subscription Agreement, to issue and sell to the Investor
      shares of the Company’s common stock, par value $0.001 per share (the “Common
      Stock”).  Capitalized terms not defined herein shall have the
      meaning ascribed to them in the Subscription Agreement.

     

    B.           To
      induce the Investors to execute and deliver the Subscription Agreement, the
      Company has agreed to provide certain registration rights under the Securities
      Act of 1933, as amended, and the rules and regulations thereunder, or any
      similar successor statute (collectively, the “Securities Act”), and
      applicable state securities laws.

     

    NOW,
      THEREFORE, in consideration of the premises and the mutual covenants
      contained herein and other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the Company and the Investors
      hereby agree as follows:

     

    1.  DEFINITIONS.

     

    As
      used
      in this Agreement, the following terms shall have the following
      meanings:

     

    (a)  “Person”
      means a corporation, a limited liability company, an association, a partnership,
      an organization, a business, an individual, a governmental or political
      subdivision thereof or a governmental agency.

     

    (b)  “Register,”
      “registered,” and “registration” refer to a registration effected
      by preparing and filing one or more Registration Statements (as defined below)
      in compliance with the Securities Act and pursuant to Rule 415 under the
      Securities Act or any successor rule providing for offering securities on a
      continuous or delayed basis (“Rule 415”), and the declaration or ordering
      of effectiveness of such Registration Statement(s) by the United States
      Securities and Exchange Commission (the “SEC”).

     

    (c)  “Registrable
      Securities” means the shares of Common Stock issuable to the Investor
      pursuant to the Subscription Agreement and/or the shares of Common Stock
      purchased by the Investor pursuant to that certain Stock Purchase Agreement
      (the
“Stock Purchase Agreement”), dated as of the date hereof, by and among
      the Investor, Aspen Select Healthcare, LP and for certain limited purposes,
      the
      Company.

     

    (d)  “Registration
      Statement” means a registration statement under the Securities Act which
      covers the Registrable Securities.

     

    2.  REGISTRATION.

     

    (a)  Subject
      to the terms and conditions of this Agreement, the Company shall prepare and
      file, no later than thirty (30) days from the date hereof (the “Scheduled
      Filing Deadline”), with the SEC a Registration Statement on Form S-1 or SB-2
      (or, if the Company is then eligible, on Form S-3) under the Securities Act
      for
      the resale by the Investors of the Registrable Securities.  The
      Company shall use its best efforts to cause the Registration Statement to remain
      effective until all of the Registrable Securities have been sold; provided,
      however, that in no event will the Company be required to maintain the
      effectiveness of the Registration Statement for longer than two (2) years from
      the date hereof.  Prior to the filing of the Registration Statement
      with the SEC, the Company shall furnish a copy of the Registration Statement
      to
      the Investor for their review and comment.  The Investor shall use its
      best efforts to furnish comments on the Registration Statement and any amendment
      or supplement thereto to the Company within twenty-four (24) hours of the
      receipt thereof from the Company.

     

    (b)  Effectiveness
      of the Registration Statement.  The Company shall use its best
      efforts (i) to have the Registration Statement declared effective by the SEC
      no
      later than one hundred twenty (120) days from the date hereof (the “Scheduled
      Effective Date”) and (ii) to insure that the Registration Statement remains
      in effect until all of the Registrable Securities have been sold, subject to
      the
      terms and conditions of this Agreement.

     

    (c)  Failure
      to File or Obtain Effectiveness of the Registration Statement.  In
      the event the Registration Statement is not filed by the Scheduled Filing
      Deadline or is not declared effective by the SEC on or before the Scheduled
      Effective Date, then as partial relief for the damages to any holder of
      Registrable Securities by reason of any such delay in its ability to sell the
      underlying shares of Common Stock (which remedy shall not be exclusive of any
      other remedies at law or in equity), the Company will pay as liquidated damages
      (the “Liquidated Damages”) to the holder, at the holder’s option, either
      a cash amount or shares of the Company’s Common Stock within three (3) business
      days, after demand therefore, equal to one half percent (0.5%) of the purchase
      price of the Registrable Securities purchased pursuant to the Subscription
      Agreement as Liquidated Damages for each thirty (30) day period after the
      Scheduled Filing Deadline or the Scheduled Effective Date as the case may
      be.

     

    3.  RELATED
      OBLIGATIONS.

     

    (a)  The
      Company shall keep the Registration Statement effective pursuant to
      Rule 415 at all times until the earlier of the date on which the Investor
      shall have sold all the Registrable Securities covered by such Registration
      Statement or the date which is two years from the date of this Agreement (the
      “Registration Period”), which Registration Statement (including any
      amendments or supplements thereto and prospectuses contained therein) shall
      not
      contain any untrue statement of a material fact or omit to state a material
      fact
      required to be stated therein, or necessary to make the statements therein,
      in
      light of the circumstances in which they were made, not misleading.

     

    (b)  The
      Company shall prepare and file with the SEC such amendments (including
      post-effective amendments) and supplements to a Registration Statement and
      the
      prospectus used in connection with such Registration Statement, which prospectus
      is to be filed pursuant to Rule 424 promulgated under the Securities Act, as
      may
      be necessary to keep such Registration Statement effective at all times during
      the Registration Period, and, during such period, comply with the provisions
      of
      the Securities Act with respect to the disposition of all Registrable Securities
      of the Company covered by such Registration Statement.  In the case of
      amendments and supplements to a Registration Statement which are required to
      be
      filed pursuant to this Agreement (including pursuant to this Section 3(b))
      by
      reason of the Company’s filing a report on Form 10-KSB, Form 10-QSB or Form 8-K
      or any analogous report under the Securities Exchange Act of 1934, as amended
      (the “Exchange Act”), the Company shall incorporate such report by
      reference into the Registration Statement, if applicable, or shall use its
      best
      efforts to file such amendments or supplements with the SEC.

     

    (c)  The
      Company shall furnish to the Investor whose Registrable Securities are included
      in any Registration Statement, without charge, (i) at least one (1) copy of
      such
      Registration Statement as declared effective by the SEC and any amendment(s)
      thereto, including financial statements and schedules, all documents
      incorporated therein by reference, all exhibits and each preliminary prospectus,
      (ii) either ten (10) physical copies or an electronic copy of the final
      prospectus included in such Registration Statement and all amendments and
      supplements thereto (or such other number of copies as such Investor may
      reasonably request) and (iii) such other documents as such Investor may
      reasonably request from time to time in order to facilitate the disposition
      of
      the Registrable Securities owned by such Investor.

     

    (d)  As
      promptly as practicable after becoming aware of such event or development,
      the
      Company shall notify the Investor in writing of the happening of any event
      as a
      result of which the prospectus included in a Registration Statement, as then
      in
      effect, includes an untrue statement of a material fact or omission to state
      a
      material fact required to be stated therein or necessary to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading (provided that in no event shall such notice contain any material,
      nonpublic information), and promptly prepare a supplement or amendment to such
      Registration Statement to correct such untrue statement or omission, and deliver
      either ten (10) physical copies or an electronic copy of such supplement or
      amendment to each Investor.  The Company shall also promptly notify
      the Investor in writing (i) when a prospectus or any prospectus supplement
      or
      post-effective amendment has been filed, and when a Registration Statement
      or
      any post-effective amendment has become effective (notification of such
      effectiveness shall be delivered to each Investor by facsimile on the same
      day
      of such effectiveness), (ii) of any request by the SEC for amendments or
      supplements to a Registration Statement or related prospectus or related
      information, and (iii) of the Company’s reasonable determination that a
      post-effective amendment to a Registration Statement would be
      appropriate.

     

    (e)  The
      Company shall use its best efforts to prevent the issuance of any stop order
      or
      other suspension of effectiveness of a Registration Statement, or the suspension
      of the qualification of any of the Registrable Securities for sale in any
      jurisdiction within the United States of America and, if such an order or
      suspension is issued, to obtain the withdrawal of such order or suspension
      at
      the earliest possible moment and to notify each Investor who holds Registrable
      Securities being sold of the issuance of such order and the resolution thereof
      or its receipt of actual notice of the initiation or threat of any proceeding
      for such purpose.

     

    (f)  The
      Company shall hold in confidence and not make any disclosure of information
      concerning the Investor provided to the Company unless (i) disclosure of such
      information is necessary to comply with federal or state securities laws, (ii)
      the disclosure of such information is necessary to avoid or correct a
      misstatement or omission in any Registration Statement, (iii) the release of
      such information is ordered pursuant to a subpoena or other final,
      non-appealable order from a court or governmental body of competent
      jurisdiction, or (iv) such information has been made generally available to
      the
      public other than by disclosure in violation of this Agreement or any other
      agreement.  The Company agrees that it shall, upon learning that
      disclosure of such information concerning the Investor is sought in or by a
      court or governmental body of competent jurisdiction or through other means,
      give prompt written notice to such Investor and allow such Investor, at the
      Investor’s expense, to undertake appropriate action to prevent disclosure of, or
      to obtain a protective order for, such information.

     

    (g)  The
      Company shall use its best efforts either to cause all the Registrable
      Securities covered by a Registration Statement to either (i) be listed on each
      securities exchange on which securities of the same class or series issued
      by
      the Company are then listed, if any, if the listing of such Registrable
      Securities is then permitted under the rules of such exchange or (ii) be
      included for quotation on the National Association of Securities Dealers, Inc.
      OTC Bulletin Board for such Registrable Securities.  The Company shall
      pay all fees and expenses in connection with satisfying its obligation under
      this Section 3(g).

     

    (h)  The
      Company shall cooperate with the Investor who holds Registrable Securities
      being
      offered and, to the extent applicable, to facilitate the timely preparation
      and
      delivery of certificates representing the Registrable Securities to be offered
      pursuant to a Registration Statement and enable such certificates to be in
      such
      denominations or amounts, as the case may be, as the Investors may reasonably
      request and registered in such names as the Investors may request, provided,
      however, that the expense of issuing any such certificates will be for the
      account of the Investor.

     

    (i)  The
      Company shall make generally available to its security holders as soon as
      practical, but not later than ninety (90) days after the close of the period
      covered thereby, an earnings statement (in form complying with the provisions
      of
      Rule 158 under the Securities Act) covering a twelve (12) month period beginning
      not later than the first day of the Company’s fiscal quarter next following the
      effective date of the Registration Statement.

     

    (j)  The
      Company shall otherwise use its best efforts to comply with all applicable
      rules
      and regulations of the SEC in connection with any registration
      hereunder.

     

    (k)  Within
      five (5) business days after a Registration Statement which covers Registrable
      Securities is declared effective by the SEC, the Company shall deliver, and
      shall cause legal counsel for the Company to deliver, to the transfer agent
      for
      such Registrable Securities (with copies to the Investors whose Registrable
      Securities are included in such Registration Statement) confirmation that such
      Registration Statement has been declared effective by the SEC in the form
      attached hereto as Exhibit A.

     

    (l)  The
      Company shall take all other reasonable actions necessary to expedite and
      facilitate disposition by the Investors of Registrable Securities pursuant
      to a
      Registration Statement.

     

    4.  OBLIGATIONS
      OF THE INVESTOR.

     

    The
      Investor agrees that, upon receipt of any notice from the Company of the
      happening of any event of the kind described in Section 3(e) or the first
      sentence of 3(d), the Investor will immediately discontinue disposition of
      Registrable Securities pursuant to any Registration Statement(s) covering such
      Registrable Securities until the Investor’s receipt of the copies of the
      supplemented or amended prospectus contemplated by Section 3(d) or receipt
      of
      notice that no supplement or amendment is required.

     

    5.  EXPENSES
      OF REGISTRATION.

     

    All
      expenses incurred in connection with registrations, filings or qualifications
      pursuant to Sections 2 and 3, including, without limitation, all registration,
      listing and qualifications fees, printers, legal and accounting fees shall
      be
      paid by the Company.

     

    6.  INDEMNIFICATION.

     

    With
      respect to Registrable Securities which are included in a Registration Statement
      under this Agreement:

     

    (a)  To
      the
      fullest extent permitted by law, the Company will, and hereby does, indemnify,
      hold harmless and defend the Investor, the directors, officers, partners,
      employees, agents, representatives of, and each Person, if any, who controls any
      Investor within the meaning of the Securities Act or the Exchange Act (each,
      an
“Indemnified Person”), against any losses, claims, damages, liabilities,
      judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts
      paid in settlement or expenses, joint or several (collectively, “Claims”)
      incurred in investigating, preparing or defending any action, claim, suit,
      inquiry, proceeding, investigation or appeal taken from the foregoing by or
      before any court or governmental, administrative or other regulatory agency,
      body or the SEC, whether pending or threatened, whether or not an indemnified
      party is or may be a party thereto (“Indemnified Damages”), to which any
      of them may become subject insofar as such Claims (or actions or proceedings,
      whether commenced or threatened, in respect thereof) arise out of or are based
      upon: (i) any untrue statement or alleged untrue statement of a material fact
      in
      a Registration Statement or any post-effective amendment thereto or the omission
      or alleged omission to state a material fact required to be stated therein
      or
      necessary to make the statements therein not misleading; (ii) any untrue
      statement or alleged untrue statement of a material fact contained in any final
      prospectus (as amended or supplemented, if the Company files any amendment
      thereof or supplement thereto with the SEC) or the omission or alleged omission
      to state therein any material fact necessary to make the statements made
      therein, in light of the circumstances under which the statements therein were
      made, not misleading; or (iii) any violation or alleged violation by the Company
      of the Securities Act, the Exchange Act, any other law (the matters in the
      foregoing clauses (i) through (iii) being, collectively,
“Violations”).  Notwithstanding anything to the contrary
      contained herein, the indemnification agreement contained in this Section 6(a):
      (x) shall not apply to a Claim by an Indemnified Person arising out of or based
      upon a Violation which occurs in reliance upon and in conformity with
      information furnished in writing to the Company by such Indemnified Person
      expressly for use in connection with the preparation of the Registration
      Statement or any such amendment thereof or supplement thereto; (y) shall not
      be
      available to the extent such Claim is based on a failure of the Investor to
      deliver or to cause to be delivered the prospectus made available by the
      Company, if such prospectus was timely made available by the Company pursuant
      to
      Section 3(c); and (z) shall not apply to amounts paid in settlement of any
      Claim if such settlement is effected without the prior written consent of the
      Company, which consent shall not be unreasonably withheld. Such indemnity shall
      remain in full force and effect regardless of any investigation made by or
      on
      behalf of the Indemnified Person.

     

    (b)  In
      connection with a Registration Statement, the Investor agrees to severally
      and
      not jointly indemnify, hold harmless and defend, to the same extent and in
      the
      same manner as is set forth in Section 6(a), the Company, each of its directors,
      each of its officers, employees, representatives, or agents and each Person,
      if
      any, who controls the Company within the meaning of the Securities Act or the
      Exchange Act (each an “Indemnified Party”), against any Claim or
      Indemnified Damages to which any of them may become subject, under the
      Securities Act, the Exchange Act or otherwise, insofar as such Claim or
      Indemnified Damages arise out of or is based upon any Violation, in each case
      to
      the extent, and only to the extent, that such Violation occurs in reliance
      upon
      and in conformity with written information furnished to the Company by the
      Investor expressly for use in connection with such Registration Statement;
      and,
      subject to Section 6(d), such Investor will reimburse any legal or other
      expenses reasonably incurred by them in connection with investigating or
      defending any such Claim; provided, however, that the indemnity agreement
      contained in this Section 6(b) and the agreement with respect to contribution
      contained in Section 7 shall not apply to amounts paid in settlement of any
      Claim if such settlement is effected without the prior written consent of such
      Investor, which consent shall not be unreasonably withheld; provided, further,
      however, that the Investor shall be liable under this Section 6(b) for only
      that
      amount of a Claim or Indemnified Damages as does not exceed the net proceeds
      to
      such Investor as a result of the sale of Registrable Securities pursuant to
      such
      Registration Statement.  Such indemnity shall remain in full force and
      effect regardless of any investigation made by or on behalf of such Indemnified
      Party and shall survive the transfer of the Registrable Securities by the
      Investors pursuant to Section 9.  Notwithstanding anything to the
      contrary contained herein, the indemnification agreement contained in this
      Section 6(b) with respect to any prospectus shall not inure to the benefit
      of
      any Indemnified Party if the untrue statement or omission of material fact
      contained in the prospectus was corrected and such new prospectus was delivered
      to each Investor prior to such Investor’s use of the prospectus to which the
      Claim relates.

     

    (c)  Promptly
      after receipt by an Indemnified Person or Indemnified Party under this Section
      6
      of notice of the commencement of any action or proceeding (including any
      governmental action or proceeding) involving a Claim, such Indemnified Person
      or
      Indemnified Party shall, if a Claim in respect thereof is to be made against
      any
      indemnifying party under this Section 6, deliver to the indemnifying party
      a
      written notice of the commencement thereof, and the indemnifying party shall
      have the right to participate in, and, to the extent the indemnifying party
      so
      desires, jointly with any other indemnifying party similarly noticed, to assume
      control of the defense thereof with counsel mutually satisfactory to the
      indemnifying party and the Indemnified Person or the Indemnified Party, as
      the
      case may be; provided, however, that an Indemnified Person or Indemnified Party
      shall have the right to retain its own counsel with the fees and expenses of
      not
      more than one (1) counsel for such Indemnified Person or Indemnified Party
      to be
      paid by the indemnifying party, if, in the reasonable opinion of counsel
      retained by the indemnifying party, the representation by such counsel of the
      Indemnified Person or Indemnified Party and the indemnifying party would be
      inappropriate due to actual or potential differing  interests between
      such Indemnified Person or Indemnified Party and any other party represented
      by
      such counsel in such proceeding.  The Indemnified Party or Indemnified
      Person shall cooperate fully with the indemnifying party in connection with
      any
      negotiation or defense of any such action or claim by the indemnifying party
      and
      shall furnish to the indemnifying party all information reasonably available
      to
      the Indemnified Party or Indemnified Person which relates to such action or
      claim.  The indemnifying party shall keep the Indemnified Party or
      Indemnified Person fully apprised at all times as to the status of the defense
      or any settlement negotiations with respect thereto.  No indemnifying
      party shall be liable for any settlement of any action, claim or proceeding
      effected without its prior written consent; provided, however, that the
      indemnifying party shall not unreasonably withhold, delay or condition its
      consent.  No indemnifying party shall, without the prior written
      consent of the Indemnified Party or Indemnified Person, consent to entry of
      any
      judgment or enter into any settlement or other compromise which does not include
      as an unconditional term thereof the giving by the claimant or plaintiff to
      such
      Indemnified Party or Indemnified Person of a release from all liability in
      respect to such claim or litigation.  Following indemnification as
      provided for hereunder, the indemnifying party shall be subrogated to all rights
      of the Indemnified Party or Indemnified Person with respect to all third
      parties, firms or corporations relating to the matter for which indemnification
      has been made.  The failure to deliver written notice to the
      indemnifying party within a reasonable time of the commencement of any such
      action shall not relieve such indemnifying party of any liability to the
      Indemnified Person or Indemnified Party under this Section 6, except to the
      extent that the indemnifying party is prejudiced in its ability to defend such
      action.

     

    (d)  The
      indemnity agreements contained herein shall be in addition to (i) any cause
      of action or similar right of the Indemnified Party or Indemnified Person
      against the indemnifying party or others, and (ii) any liabilities the
      indemnifying party may be subject to pursuant to the law.

     

    7.  CONTRIBUTION.

     

    To
      the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution with respect
      to any amounts for which it would otherwise be liable under Section 6 to the
      fullest extent permitted by law; provided, however, that:  (i) no
      seller of Registrable Securities guilty of fraudulent misrepresentation (within
      the meaning of Section 11(f) of the Securities Act) shall be entitled to
      contribution from any seller of Registrable Securities who was not guilty of
      fraudulent misrepresentation; and (ii) contribution by any seller of Registrable
      Securities shall be limited in amount to the net amount of proceeds received
      by
      such seller from the sale of such Registrable Securities.

     

    8.  REPORTS
      UNDER THE EXCHANGE ACT.

     

    With
      a
      view to making available to the Investors the benefits of Rule 144 promulgated
      under the Securities Act or any similar rule or regulation of the SEC that
      may
      at any time permit the Investors to sell securities of the Company to the public
      without registration (“Rule 144”) the Company agrees to use its best
      efforts to:

     

    (a)  make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

     

    (b)  file
      with
      the SEC in a timely manner all reports and other documents required of the
      Company under the Securities Act and the Exchange Act so long as the Company
      remains subject to such requirements and the filing of such reports and other
      documents as are  required by the applicable provisions of Rule 144;
      and

     

    (c)  furnish
      to the Investor so long as the Investor owns Registrable Securities, promptly
      upon request, (i) a written statement by the Company that it has complied with
      the reporting requirements of Rule 144, the Securities Act and the Exchange
      Act,
      (ii) a copy of the most recent annual or quarterly report of the Company and
      such other reports and documents so filed by the Company, and (iii) such other
      information as may be reasonably requested to permit the Investors to sell
      such
      securities pursuant to Rule 144 without registration.

     

    9.  AMENDMENT
      OF REGISTRATION RIGHTS.

     

    Provisions
      of this Agreement may be amended and the observance thereof may be waived
      (either generally or in a particular instance and either retroactively or
      prospectively), only with the written consent of the Company and the Investor(s)
      who then hold at least two-thirds (2/3) of the Registrable
      Securities.  Any amendment or waiver effected in accordance with this
      Section 9 shall be binding upon the Investor(s) and the
      Company.  No such amendment shall be effective to the extent that it
      applies to fewer than all of the holders of the Registrable Securities covered
      under this Agreement.  No consideration shall be offered or paid to
      any Person to amend or consent to a waiver or modification of any provision
      of
      any of this Agreement unless the same consideration also is offered to all
      of
      the parties to this Agreement.

     

    10.  MISCELLANEOUS.

     

    (a)  A
      Person
      is deemed to be a holder of Registrable Securities whenever such Person owns
      or
      is deemed to own of record such Registrable Securities or owns the right to
      receive the Registrable Securities.  If the Company receives
      conflicting instructions, notices or elections from two (2) or more Persons
      with
      respect to the same Registrable Securities, the Company shall act upon the
      basis
      of instructions, notice or election received from the registered owner of such
      Registrable Securities.

     

    (b)  Any
      notices, consents, waivers 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 electronically generated and kept on file by the sending party); or (iii)
      one
      (1) 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:

     

    
      	
              If
                to the Company, to:

            	
              NeoGenomics,
                Inc.

            
	 	
              Attn:                      Chief
                Financial Officer

            
	 	
              12701
                Commonwealth Drive, Suite #7

            
	 	
              Fort
                Myers, FL  33913

            
	 	
              Telephone:                                (239)
                768-0600

            
	 	
              Facsimile:                                (239)
                768-1672

            
	 	 

    

    
      
              

                  
      
      

           

                  
      
      

                  MI-238696 v4 0437575-0201      
    

         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              With
                Copy to:

            	
              Kirkpatrick
                & Lockhart Preston Gates Ellis LLP

            
	 	
              201
                South Biscayne Boulevard, Suite 2000

            
	 	
              Miami,
                Florida 33131

            
	 	
              Attention:                                Clayton
                E. Parker, Esquire

            
	 	
              Telephone:                                (305)
                539-3306

            
	 	
              Facsimile:                                (305)
                358-7095

            
	 	 
	
              If
                to the Investor:

               

            	 
	 	 
	 	 
	 	
              Attention:

            
	 	
              Telephone:                                

            
	 	
              Facsimile:                                

            
	 	 

    

    

     

    

     

    Written
      confirmation of receipt (A) given by the recipient of such notice, consent,
      waiver or other communication, (B) electronically generated by the sender’s
      facsimile machine containing the time, date, recipient facsimile number and
      an
      image of the first page of such transmission or (C) provided by a courier or
      overnight courier 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.

     

    (c)  Failure
      of any party to exercise any right or remedy under this Agreement or otherwise,
      or delay by a party in exercising such right or remedy, shall not operate as
      a
      waiver thereof.

     

    (d)  The
      laws
      of the State of Nevada shall govern all issues concerning the relative rights
      of
      the Company and the Investor as its stockholder.  All other questions
      concerning the construction, validity, enforcement and interpretation of this
      Agreement shall be governed by the internal laws of the State of Florida,
      without giving effect to any choice of law or conflict of law provision or
      rule
      (whether of the State of Florida or any other jurisdiction) that would cause
      the
      application of the laws of any jurisdiction other than the State of
      Florida.  Each party hereby irrevocably submits to the non-exclusive
      jurisdiction of the courts of the State of Florida, sitting in Miami-Dade
      County, Florida and federal courts for the District of Florida sitting in
      Miami-Dade County, Florida, for the adjudication of any dispute hereunder or
      in
      connection herewith 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.  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.  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.

     

    (e)  This
      Agreement, the Subscription Agreement, the Stock Purchase Agreement and related
      documents constitute the entire agreement among the parties hereto with respect
      to the subject matter hereof and thereof.  There are no restrictions,
      promises, warranties or undertakings, other than those set forth or referred
      to
      herein and therein.  This Agreement, the Subscription Agreement, the
      Stock Purchase Agreement and related documents supersede all prior agreements
      and understandings among the parties hereto with respect to the subject matter
      hereof and thereof.

     

    (f)  This
      Agreement shall inure to the benefit of and be binding upon the permitted
      successors and assigns of each of the parties hereto.

     

    (g)  The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    (h)  This
      Agreement may be executed in identical counterparts, each of which shall be
      deemed an original but all of which shall constitute one and the same
      agreement.  This Agreement, once executed by a party, may be delivered
      to the other party hereto by Adobe Acrobat PDF file or facsimile transmission
      of
      a copy of this Agreement bearing the signature of the party so delivering this
      Agreement.

     

    (i)  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.

     

    (j)  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.

     

    (k)  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.

     

    

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties have caused this Investor Registration
      Rights Agreement to be duly executed as of day and year first above
      written.

     

    
      	 	
              NEOGENOMICS,
                INC.

            
	 	 
	 	
              By:                                                                

            
	 	
              Name:

            
	 	
              Title:

            
	 	 
	 	
              [Name
                of Investor]

            
	 	 
	 	
              By:                                                      

            
	 	
              Name:

            
	 	
              Title:

            
	 	 

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
      A

     

    FORM
      OF NOTICE OF EFFECTIVENESS

     

     

    OF
      REGISTRATION STATEMENT

     

    

    Attention:

    

    
      	
               

            	
              Re:

            	
              NEOGENOMICS,
                INC.

            

    

    

    Ladies
      and Gentlemen:

    

    We
      are
      counsel to Neogenomics, Inc., a Nevada corporation (the “Company”), and
      have represented the Company in connection with that certain Subscription
      Agreement (the “Subscription Agreement”) entered into by and among the
      Company and the investor named therein (the “Investor”) pursuant to which
      the Company issued to the Investor shares of its Common Stock, par value $0.001
      per share (the “Common Stock”) and that certain Stock Purchase Agreement
      entered into by and among the Investor, Aspen Select Healthcare, LP and for
      certain limited purposes, the Company (the “Stock Purchase
      Agreement”).  Pursuant to the Subscription Agreement and the Stock
      Purchase Agreement, the Company also has entered into an Investor Registration
      Rights Agreement with the Investor (the “Investor Registration Rights
      Agreement”) pursuant to which the Company agreed, among other things, to
      register the Registrable Securities (as defined in the Investor Registration
      Rights Agreement) under the Securities Act of 1933, as amended (the
“Securities Act”).  In connection with the Company’s
      obligations under the Registration Rights Agreement, on ____________ ____,
      the
      Company filed a Registration Statement on Form ________ (File
      No. 333-_____________) (the “Registration Statement”) with the
      Securities and Exchange SEC (the “SEC”) relating to the Registrable
      Securities which names each of the Investors as a selling stockholder there
      under.

     

    In
      connection with the foregoing, we advise you that a member of the SEC’s staff
      has advised us by telephone that the SEC has entered an order declaring the
      Registration Statement effective under the Securities Act at [ENTER TIME
      OF EFFECTIVENESS] on [ENTER DATE OF EFFECTIVENESS] and
      we have no knowledge, after telephonic inquiry of a member of the SEC’s staff,
      that any stop order suspending its effectiveness has been issued or that any
      proceedings for that purpose are pending before, or threatened by, the SEC
      and
      the Registrable Securities are available for resale under the Securities Act
      pursuant to the Registration Statement.

     

    Very
      truly yours,

    

    [Law
      Firm]

    

    By:                                                                 

    

    cc:           [LIST
      NAMES OF INVESTORS]

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