Document:

Exhibit 10.6

 

Lease Agreement

 

Made and signed in Ramat Gan on May 9, 2012

 

Between:                                             Bechar & Sons (1983) Food Supply and Marketing Ltd., Private Company 51-1008633

At Adv. Avi Bechar, of 9 Hagilad St., Ramat Gan

(hereinafter: “the Lessor”)

 

Of the one part

 

And:                                                                     SteadyMed Ltd., Private Company 513698928

Of 5 Oppenheimer St., Tamar Park Rehovot

(hereinafter: “the Lessee”)

 

Of the other part

 

Whereas                                                 The Lessor warrants that it is the owner and holds the exclusive right of possession over offices located on Floor A at 5 Oppenheimer St., Rehovot, known as part of parcel 200, block 3695, including 12 parking spots (9-13, 39-45), and including the relative part in the common areas at the building (hereinafter: “the Property”) and that there is no prevention according to law and/or agreement upon its engagement in this Contract, lease of the Property and receipt of the Rent;

 

And whereas                          The Lessee wishes to rent the Property from the Lessor (including the relative part in the common areas at the building) according to the terms of this Agreement, and the Lessor is interested in leasing the Property to the Lessor, explicitly provided that it will not be protected according to the Tenant Protection Law (Consolidated Version), 5732-1972 and/or any other law that amends and/or replaces the same and/or the regulations according thereto;

 

And whereas                          The Lessee undertakes that it did not pay key money or other premium to the Lessor for the Property and that it wishes to rent the Property subject to the explicit condition that it will not be protected according to the Tenant Protection Law (Consolidated Version), 5732-1972 and/or any other law that amends and/or replaces the same and/or the regulations according thereto;

 

Therefore, it is warranted, agreed upon and conditioned by the Parties as follows:

 

1.              The preamble of this Agreement and its Appendices constitute an integral part thereof and are binding as its other terms. Headings in this Agreement are intended for convenience and orientation only, and will not serve for interpretation of any term of this Agreement.

 

 

2.              The Lease Period

 

The Lessor hereby leases the Property to the Lessee, and the Lessee hereby rents the Property from the Lessor, commencing on July 1, 2012 and until June 30, 2015, according to the conditions set forth in this Agreement (hereinafter: “the Lease Period”).

 

3.              Purpose and Designation of the Lease

 

a)             The Lessee undertakes to use the Property for the purpose of management of high-tech industry.

 

a)             The Lessee hereby warrants that it has seen the Property and its vicinity, inspected them and found them to be suitable and appropriate for the lease purpose from any aspect, including its location, quality of construction and permits required for management of the lease purpose, and it declares it has not found any incompatibility; if such is discovered, it hereby waives any remedy to which it is entitled due to the same.

 

b)             The Lessee hereby undertakes that the Property will serve only for the purpose specified in sub-Section A above, and the Lessee also undertakes to ensure that it and/or its employees and/or its agents and/or its visitors and/or its guests do not perform any use and/or matter and/or action that is illegal at the Property and/or adjacent thereof and/or that are noisy, annoying, disturb the Property and/or the building at which the Property is located, including its facilities and/or content, in an unreasonable manner.

 

c)              Each of the Parties undertakes to fulfill the provisions of any law that applies to the Property and/or in connection therewith. Without derogating from the generality of the aforesaid, the Lessee undertakes to obtain any license and/or permit required according to any law for management of its business at the Property and/or for fulfillment of the lease purpose as specified in sub-Section A above and/or for presentation of signs and installation thereof according to Section 9 below. For this purpose, the Lessee will be entitled to submit applications for approvals, permits and other consents that may be required by national or local authorities, in order to obtain a permit for the lease purpose. The Lessor will sign any form or document required for this purpose, provided the same does not impose thereupon monetary obligation or liability for the correctness of the form or document. The Lessor undertakes not to submit an objection, whether in writing or orally, and not to otherwise object to the licensing processes for the Property, provided the same is in accordance with the provisions of this Agreement.

 

d)             It is hereby clarified that to the best knowledge of the Lessor, the Management Company is installing sprinklers in the public areas and the private areas. It is hereby clarified that the Lessor will bear the cost of installation of such sprinklers according to the requirements of the Management Company. It is

 

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also clarified that if the Lessee cannot meet its obligations according to this Agreement due to non-receipt of approval from the fire department and/or any other competent authority in connection with the sprinklers (“Authorities Approval”), the Lessee must advise the Lessor in writing of the same within reasonable time, and the Lessee will have the right, according to its exclusive discretion, to vacate the Property without any penalty, by written notice submitted to the Lessor two months in advance.

 

e)              Breach of the provisions of sub-Section A constitutes material breach of this Agreement.

 

4.              The rent

 

a.              For the Lease period, according to this Agreement, the Lessee will pay the Lessor for the Property as defined above, the monthly rent of 34,000 NIS (thirty four thousand New Israeli Shekels).

 

1)             To the monthly rent will be added the linkage as defined in this Agreement. To avoid doubt, if the new index decreases from the original one, the rent will not decrease.

 

2)             “Index” – The Cost of Living index as published by the Central Bureau of Statistics or any other official body or institute that may replace it, whether it is based on the same data or not. If another index replaces it, and the Central Bureau of Statistics and Economic research does not state the connection between the index and that replacing it, the accountants of the parties will decide on the connection between the index and the new one, by agreement, between them.

 

“The basic index”- The cost of living index published on June 15, 2012.

 

“The new index” -The last periodical index, published before the date for any payments’ transfer.

 

“Linkage” -The difference between the new index and the basic index divided by the basic index, and multiplied by the rent principal.

 

3)             The rent will be paid every three months in advance by means of Bank transfer to the Lessor’s account in the First International Bank, Yitzhak Sade branch (048) account No. 409-202207, Bechar and sons (1983) Food Supply and Marketing Ltd.. Every 6 month the linkage difference will be calculated for every month’s linkage and the Lessee will pay the Lessor these differentials within 7 days from the calculation date.

 

4)             In addition to the rent, the Lessee will pay the Lessor the VAT due at the rate persisting at the time of payment. The payment will be made together with the rent and that for a lawful tax invoice.

 

b.              In addition to the aforesaid and without derogation, every amount due from the Lessee to the Lessor that is not paid on time, will bear an arrears’ interest at the customary highest rate of the date in Bank Leumi Ltd. for unauthorized credit’ deviations (hereinafter: “arrear interest”) starting with the debt’s creation and until the actual payment day.

 

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c.               Any non-payment of rent in full and on time, including additions as aforesaid, for a period exceeding 7 days, will be deemed a basic breach of the Agreement by the Lessee to the Lessor, without diminishing the Lessor’s rights deriving from this Agreement.

 

d.              Nothing mentioned in the above sub section b and/ or c will be interpreted as providing the Lessee with any right to delay any payment in this Agreement.

 

e.               Payment by check will be deemed as completed only after its full redemption.

 

f.                It is hereby agreed, that if the Lessee does not use the Property or any of its parts, for any time of the lease period, the Lessee will pay the full rent, and all other payments owing or will owe by this Agreement as if the Lessee has actually been using the Property throughout the lease Period.

 

g.               The payment will be made up to 11.00 A.M. on the payment date.

 

h.              Subject to the above sub section c, a breach of any of section 4’s prescriptions will be deemed a basic breach of the Agreement.

 

5.              Assignment of Rights

 

a.              The Lessee cannot allow any person unauthorized by the Lessor, apart from his employees and/ or his agents and/ or his independent contractors and/ or any of the persons sponsored by the Lessor, to use the Property, among others the Lessee will not Lease the Property and/ or give to other or others the right to use and/ or assign or transfer any of his rights and/ or obligations deriving from this Agreement to a third party, unless the Lessee receives explicit written authorization, in advance, from the Lessor.

 

b.              Breach of section 5 will be deemed a basic breach of the Agreement.

 

6.              Tax

 

a.              During the Lease period, and in addition to the rent, the Tenant will pay all the government and/or municipal taxes, fees, levies of all sort and type (except Property tax and taxes, fees, levies of all sort and type that are imposed on the Property’s owner) as well as any tax and/or levy and/or fee that is imposed or will be imposed on the Property and/or the business it manages, including municipal taxes, business tax, sign tax etc.

 

The Lessee undertakes to present the Lessor from time to time, at his request (or his accountant and/or the Lessor’s bookkeeper) with all the receipts indicating that he has paid all the payments charged by the authorities and/or other bodies in this above section.

 

b.              In avoidance of doubt, it is agreed and declared, that any tax that will be imposed on the use of the Property and/or its maintenance for the Lessee’s

 

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business or/and his use of the Property will fall on, and be paid by, the Lessee.

 

c.               The Lessee will pay management fees to the Property’s Management Company as fixed by the Management Company and on fixed terms. The Lessee declares that he is aware that the agreement between the Management Company and the Condominium delegation has been signed and cannot be changed as long as it is valid. The Management’s agreement copy is attached as Appendix to the Agreement.

 

d.              Breach of section 6 will be deemed a basic breach of the Agreement.

 

7.              Tenant Protection

 

a.              It is explicitly stated and agreed that in relation to the Property and the Lease subject to this Agreement, the Lessee is not a protected Lessee, and that the provisions of the Tenant Protection Law, including the Tenant Protection Law (consolidated version) of 1972 with it amendments and any other law which may be enacted dealing with Tenant Protection does not, and will not, apply to the lease of the Property.

 

b.              Without derogating from the generality, the parties declare that the Lessee did not pay and was not asked to pay, directly or indirectly, key money and/or any other payment for the Property or any part of it.

 

8.              The Property’s maintenance and operation

 

a.              The Lessee undertakes to use the Property with reasonable care, to maintain it in proper condition and to repair at his expense, any defect, impairment, breakdown or damage incurred to the Tenancy unless it occurred through wear from reasonable use.

 

b.              The Lessor may do any repairs and/or renovations required to keep the Property in proper condition after advance coordination with the Lessee, including repairs to be done at the Lessee’s expense by this Agreement and/or by law. The Lessee will reimburse the Lessor for any reasonable amount he has paid by receipts showing the payments for the repairs that are the Lessee’s responsibility, and were performed as stated by the Lessor instead of the Lessee, immediately after receiving the note, and subject to the Lessor sending an advance 7 (seven) days written note, before doing the said repair, and the Lessee himself or/and anyone on his behalf did not do the repair in that time.

 

c.               The Lessor undertakes to repair within 14 days, at his expense, any defect, or damage resulting from natural and/or reasonable wear, including damages to infrastructures i.e. sewage, electricity and air-conditioning.

 

d.              The Lessor may in person, or his representatives, visit the Property during regular business hours with advance coordination with the Lessee in order to control and see its condition including the application of the terms of this

 

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Agreement and/or in order to present the Property to potential buyers and/or lessees.

 

e.               The Lessee undertakes to indemnify the Lessor immediately, if he is charged of any indemnity to a third party for any damage caused, to the body and/or properties of the said third party, that may have been caused by an act and/or omission of the Lessee and/or any of his representatives as referred to above and below, and subject to the Lessor having transmitted a note to the Lessee concerning the event immediately after receipt of a warning and will allow the Lessee to appoint a legal representative for the Lessor to defend himself against such a claim, if made against him.

 

9.              a. The Lessee undertakes to take all steps to be in possession of valid licenses and approvals required under any law for the operation of the Property, and to comply with all legal instructions referring to the operation of his business on the Property.

 

b. The Lessee will be liable for any fine imposed on him and will bear all payments deriving from breach of the connected legal instructions.

 

In avoidance of doubt, it is hereby clarified that the Lessor does not bear any responsibility for the aforesaid, and that the Lessee will not be released from his undertakings by this Agreement, including paying the rent, due to avoidance of acquiring the licenses or their renewal.

 

10.       a. The Lessee undertakes not to make any change in the leased Property or add any addition unless he has received the Lessor’s prior and written authorization and subject to this Agreement’s instructions and subject to the Lessor acquiring all the licenses and approvals to perform the alterations if required. To avoid doubt, it is hereby clarified that the Lessee will not abolish the wall dividing the two parts of the Property.

 

Any alteration or addition made by the Lessee, after the Lessor’s said approval, (except for movables or assets that are not connected in a fixed way to the property) will immediately become the Lessor’s exclusive property without any payment and without the fact being deemed as payment of key- money of any sort or kind.

 

b.     It is hereby agreed and declared that, without derogating from the said generality of the above sub section a, the Lessee may affix additional signs on the external property’s walls in accordance with the law, including without derogating from the said generality, with the Rehovot municipality laws and provisions and/or the Management Company’s decisions only signs of self-publicity (hereinafter “the signs”).

 

The Lessor will not abstain from agreement except for detailed, written, reasonable and relevant argument. To avoid doubt, the Lessee will bear all expenses related to the signs’ fixing and/or their maintenance and/or their removal as stated in the following sub section c.

 

c.     In every case in which, according to this Agreement , the Lessor is allowed to return the Property to his hands, the Lessee undertakes that the Property be returned in proper condition subject to the alterations and additions done by the Lessee, after receipt of the Lessor’s approval, and the repair of all the defects

 

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and/or the damage and/or the damaged caused by the signs and/or deviation from the agreed additions and/or the fixing and/or maintenance and/or removal and/or damage caused by them, and except repairs and other defects that are not the Lessee’s responsibility by this Agreement and/or by law, and to carry out, at his expense, every repair and/or renovation required to stand by his undertaking. All this, not later than the date on which the Lessor is entitled to require the Lessee to return the Property to its initial condition and the Lessee undertakes to return the Property to its initial condition, except for natural and/or reasonable wear within a reasonable period following the Lessors’ request.

 

11.       The Lessee undertakes to keep the Property and its surroundings cleaning and insure that no goods, stocks, packaging tools or other objects be put outside the Property and that the Property’s surroundings will be clean and free from any waste, garbage or objects originating from the Property.

 

12.       (Deleted – Phone line)

 

13.       a.     During the Lease period and its extensions, the Lessee will pay for electricity consumption on the Property according to the Property’s separate electricity counter and the payments according to this counter will be paid by the Lessee immediately upon the adequate payment request or until the date stated in the payment demand. The electricity accounts will be paid by the Lessee himself whether they are addressed to him or to the Lessor.

 

b.              The Lessee will bear and pay on time all house committee and Management Company’s payments.

 

c.               Copies of the receipts referred to in sections 6 and 13 will be delivered by the Lessee to the Lessor as detailed in the above section 6a.

 

d.              Notwithstanding the aforesaid, it is agreed that the Lessee may make all payments referred to in the above sections 6 and 13 by bank direct debits. In such a case the Lessee will ensure all direct debits be valid and active and cannot cancel them except by written note to the Lessor.

 

During the lease period and/or at the Lessors request, the Lessee will provide the Lessor with copies of the said valid direct bank debits.

 

14.       Insurance

 

a.                                      The Lessee will insure, at his expense, the Property and his activities on the Property against all risks for which he is responsible as stated by this Agreement. The Lessee undertakes to ensure the existence and validity during all the lease period and/or all relevant additional periods by this Agreement, of the said policies with Insurance firms, in terms and real value.

 

The property will be insured by the Lessor for its full value, i.e. for a total of 1,000,000 $ (One Million Dollars) with accepted comprehensive coverage effective for loss or damage due to accepted comprehensive fire insurance risks including fire, smoke, lightning, explosion, earthquake, storm and hail, flood, liquid damage and pipe explosions, glass breakage, vehicle injury, aircraft injury, pogrom, strikes, malicious damage and burglary damages as well as loss of lease fees and management fees due to damage caused to the building as a result of the aforementioned risks.

 

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b.                                      Notwithstanding the aforesaid, during the lease period, the Lessee undertakes that the following policies and instructions will exist and be valid :-

 

·                  Explicit provision in every policy that the policy can only be cancelled after a 30 (thirty) days written note to the Lessor.

 

·                  Third parties liabilities insurance insures the Lessee’s lawful liability in respect to personal injury or property damage that may result to the body and/or the property of any person or body in the Property and its surroundings, with a liability limit of 250,000$ (A hundred thousand) US Dollars for every case. The insurance is not subject to any limitation for liability deriving from fire, explosion, panic, lifting instruments, loading and unloading, defective sanitary facilities, poisoning, any harmful substance in food or drink, strike or lockout, liability due to and against contractors and subcontractors (of any degree) and their employees, animals, or subrogation claims from the National Insurance Institute. The insurance is extended to indemnify the lessor for its liability as owner and manager and/or any of its representatives, and that subject to the cross liability section, by which, the insurance is deemed to be set separately for every one of the insured individuals.

 

·                  Insurance of the Property’s content including all alterations, improvements and additions to the Property and/or that are done and/or will be done by or for the Lessee, at full value, and its panes, windows, glass partitions, glass doors, as well as any other property brought to the Property, and/or the project by or for the Lessee (including equipment, furniture, facilities and stocks), as valued by the Insurance appraiser, and against loss or damage by regular risks for comprehensive fire insurance, including fire, smoke, lightning, explosion, earthquake, storm and hail, flood, liquid damage and pipe explosions, glass breakage, vehicle injury, aircraft injury, riots, strikes, malicious damage and burglary damages.

 

c.                                       The Lessee undertakes to add the Lessor as co-beneficiary on the insurance policy so that the Lessee and the Lessor will be “the insured” or “the beneficiary” together.

 

d.                                      Without derogating from the aforesaid generality, the Lessee will include in the said policies, a section by which the insurer waives his subrogation rights towards the Lessor and/or toward any right to apply to the Lessor in any way and/or form.

 

e.                                       The Lessee undertakes to pay the insurance policies in full and on time and to carry out all the undertakings imposed on the insured by the insurance contracts and by the Insurance Contract Law, and to renew them every time so as to assure that the insurance to be applied by this contract be valid at all times during the lease period.

 

f.                                        The Lessee will provide the Lessor with the insurance policy or the attached Appendix A, Insurance Firm’s Certificate form, not later than the end of the month in which the Agreement was signed.

 

g.                                       If the Lessee does not provide the Lessor with the insurance policy or the said Insurance Firm’s Certificate form and/or if any insurance policy is cancelled and the Lessee does not provide a copy of an alternative insurance policy in reasonable time since the cancellation, the Lessor may, but is not obliged to take out the said insurance policies at the

 

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Lessee’s expense but the aforesaid does not derogate from any of the Lessor’s other rights and assistance to which he is entitled by this Agreement and/or by law in this matter.

 

h.                                      Breach of any of section 14 provisions will be deemed a basic breach of the Agreement.

 

1.              Indemnification

 

Both parties undertake to indemnify the other party, of all reasonable sums that the first party will pay to any person for deeds and/or default in which the responsibility as described in this Agreement lies with the other party, and also to pay the first party any reasonable expense paid by the second party, including expenses of the defense proceedings in connection with the aforesaid request and/or claim, provided that the second party presents the first party with note of any said request and/or claim, in advance, within a reasonable amount of time and will enable him, at his written request, to defend himself, at his expense, against any said request and/or claim. Each party will cooperate with the other in connection to any said request and/or claim.

 

16.       Return of the Property

 

a.                                      In every case in which, according to this Agreement, the Lessor is entitled to return the Property to himself, the Lessee undertakes that the Property be returned the Lessor in the condition it was on the Property’s delivery date taking in account the changes and additions done by the Lessee after reception of the Lessor’s approval, except for wear from natural and/or reasonable use, which is not according to this Agreement, the Lessee’s responsibility, and to repair at his expense, any defect, impairment, breakdown or damage incurred to the Property for the fulfillment of his said undertaking, all that not later than the time in which the Lessor is entitled to receive the Property as aforesaid.

 

b.                                      The Lessee undertakes to evacuate the Property immediately on the leasing period’s expiry date and/or the end of the Option period or prior to that as said in the following section 18 and to return to the Lessor the exclusive possession of the Property free of any person, and object that does not belong to the Lessor, and in the state that it was in at the delivery of the holding in the Property, apart from reasonable wear as specified in the above section 16a.

 

c.                                       The parties see the Property’s evacuation and the transfer of the possession on the Property free of any person and object immediately at the lease period’s end or at a prior date, as said in the following section 18 a fundamental condition of this Agreement and fix, after a careful evaluation, the sum equal to 1,600 NIS per day as agreed upon indemnity for the damage caused to the Lessor for every day of delay in the Property’s evacuation and the transfer of the possession of the Property, free of any person, and object.

 

A delay of up to 3 days will not be deemed as a breach of the Agreement.

 

The aforesaid does not derogate from or contradict any additional right

 

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and/or remedy that are available to the Lessor by this Agreement and/or by law and especially a claim to evacuate and/or expulsion in a summary legal procedure.

 

17.       Liability for damages

 

a.                                      In the liabilities distribution between the Lessor and the Lessee, the Lessee will be liable for any loss, injury, damage or failure that might have been caused to the body and/or properties of any person or body, (including the Lessee, third parties, the Lessee’s employees and managers) caused on the Property or its immediate surroundings, related to an act and/or omission of the Lessee and/or any of his representatives including the maintenance and/or use of the Property and/or the building. This section does not exclude any of the Lessee’s liability to any third party.

 

b.                                      The Lessee hereby undertakes to indemnify the Lessor– within 30 (thirty) days from his first written demand - for injury, damage or failure as said in the above sub section (a) and to reimburse the Lessor - within 15 (fifteen) days from his first written demand - all the sum that the Lessor paid for injury, damage or failure, connected to his defense for a aforesaid claim (including the Lessor’s reasonable attorney’s fees), subject to the Lessor sending the Lessee the third party’s note for this claim.

 

c.                                       The Lessee undertakes to exemplify the Lessor and keep him free from any liability deriving from any damage caused to any party, animal or inanimate, for the aforesaid in this section and/or by Property’s defects.

 

d.                                      If a claim and/or a demand is presented to the Lessor to indemnify any person or body for a case in which the Lessee is liable as aforesaid, at the Lessors discretion, the defense management will be transferred to the Lessee and the Lessee will conduct it and bear all payments, expenses and attorneys’ fees connected with the cancellation of the claim and/or the defense and court procedures, subject to the Lessee sending a detailed note to the Lessor immediately after learning of the claim and/or the demand to the Lessor’s care.

 

18.       Breach and Remedies

 

a.                                      In addition to any special section of this Agreement, the parties see in every one of the following, a basic breach and defect undermining the root of the Agreement. .

 

1)             Without derogating and/or changing the aforesaid in section 4c., non-payment on time of any of the sums that the Lessee must pay by this Agreement.

 

2)             If the Lessee will transfer his rights and/or liabilities and/or allow use of his rights and/or liabilities in contradiction to that defined in this Agreement.

 

3)             If the Lessee will operate a business on the Property that contradicts that defined in this Agreement.

 

4)             In the case of a process of receivership and/or liquidation against the Lessee.

 

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b.                        In every one of the detailed above sub section a., the Lessor will be entitled, at his discretion, to take one of the following steps:

 

1)             To cancel this Agreement and accordingly end the lease period and return to himself the Property’s possession.

 

2)             In addition to the aforesaid, the Lessor may charge the Lessee arrears interest as referred to in the above section 4b.at the Lessor’s discretion for any delay in payment that the Lessee owes to the Lessor by this Agreement and that from the day the Lessee had to pay, up to the actual payment or collection.

 

c.                         If at the end of the lease period the Lessee does not evacuate the Property according to this Agreement’s instructions, then, in addition to any remedy given to the Lessor by this Agreement and/or by law, the Lessor may if circumstances are justified, change the Property’s locks, cut the electricity current and take any other justified step.

 

The Lessor will not bear any liability for damage or loss caused to the Lessee resulting from the aforesaid and all the expenses, including storage and transport, will fall exclusively on the Lessee.

 

d.                        If one of the parties will carry out a basic breach of this Agreement’s instructions, then, in addition to any remedy allowed to him by this Agreement’s instructions and/or by law and notwithstanding the aforesaid, the damaged party will be entitled to receive from the breaching party, upon his first written demand, an agreed compensation evaluated without proof of damage, an amount in NIS equal to 10,000 (ten thousand) US$ at the exchange rate known in the transaction.

 

19.       Collateral

 

To secure the fulfillment of all the Lessee’s obligations deriving from this Agreement, the Lessee will provide the Lessor with the following collaterals:

 

a.              The Lessee will hereby submit to the Lessor, a payment equal to 4 months’ rent totaling 154,000 NIS (including management fees) (hereinafter “the Bank guarantee”). If the Agreement is extended and/or the rent increased as noted in the following section 20 the guarantee will be increased accordingly. The Bank guarantee will be deposited in the trustee’s hands of the Lessor’s representative, Avi Bechar, Attorney, and will be used in the case that the Lessee breaks this Agreement in a basic breach or violation of this Agreement, which is not repaired within 7 business days, from the time the Lessee was given written note by the Lessor. In the note the matter of the basic breach will be described. The Bank guarantee will be returned to the Lessee after 30 days from the end of the lease period or optional extended periods, if will be and subject to all the Property’s rent by this Agreement being paid by the Lessee.

 

Breach of section 9 is a basic breach of the Agreement.

 

20.       The Extension Period Option

 

a.                        An option is hereby proposed to the Lessee to extend the lease period for an additional 24 months’ period (hereinafter: “the option period”). Realization of the option by the Lessee will be by provision of a written advance note to the Lessor, at

 

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least 120 days before the lease period expiry date, to realize the option.

 

It is hereby clarified that the condition to implement the said option is the actual delivery by the Lessee to the Lessor’s or his attorney’s hand not later than two months before the lease period expiry date, the insurer’s note in the form of Appendix a’ that the insurance policies will be valid up to the option period’s end that was exercised along with a new Bank guarantee. Non-delivery of any of the said notes and/or documents will result in the cancellation of the said option as if the note of the option implementation was not delivered and that at the Lessor’s discretion.

 

c.                         All this Agreement’s provisions will apply to the option period, except for the current section.

 

d.                        Notwithstanding the aforesaid, if the Lessee repeatedly breaches the Agreement, the Lessor will be entitled to cancel any aforementioned Lessee’s option given and this will not be deemed as a breach of this Agreement, provided that he had delivered an advance written warning that if the breach will continue, section 4 instructions will apply.

 

e.                         The Option period’s rent will be based on the rent paid for the last lease period’s monthly rent plus the index and plus 4 NIS for every m2 of the Property. The rent will be paid in the same pattern as aforesaid.

 

f.                          It is hereby clarified that if the Lessee will notify the option’s realization and for any reason deriving from the Lessee, he will not finally exercise it, the Lessor will be entitled to a payment of a sum equal to NIS 34,000 plus management fees, and that, as agreed compensation beyond any other remedy the Lessor is eligible by law and/or by this Agreement. The Lessor has given his consent.

 

21.       Transfer of the Property

 

The Lessor will be entitled to transfer his rights, all or part of them, on the Property to a third party during the lease period, provided that he has delivered the Lessee with an advance note at least two weeks before the transfer of the said rights and provided and the Lessee’s rights are not damaged.

 

This done, the new right’s owner will replace the Lessor in all the acquired rights, and the Lessee undertakes to fulfill all his responsibilities deriving from the rights the owner has bought.

 

22.       Nonuse of rights by the Lessor

 

In any case in which the Lessor does not apply one or more of his rights by this Agreement, it will not be deemed as the Lessor’s waive or agreement and the Lessee waives any right to put forward claims concerning the said waive or agreement.

 

23.       Notes

 

a.              Every note sent by any of the parties to the other address as described in the preamble to this Agreement will be deemed as having reached its destination after 72 hours if sent by recorded post, and on its delivery, if delivered by hand.

 

b.              The Lessee undertakes to deliver to the Lessor’s representative a copy of all the notes received from the Management Company and/or the delegation within 5 business days from the notes’ reception.

 

General

 

24.       Every payment that applies and/or will apply to one of the parties and will be paid for by the other party, will be returned by the payment liable according to this Agreement and/or

 

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by law to the payer, within 7 (seven) days from the reception of the payer’s party’s written demand.

 

25.       It is hereby explicitly agreed and declared by the parties, that this agreement comprehends and formulates all that agreed by them and that after the signing of this Agreement there is not, and will not, be any validity to any agreement and other agreements apart from this Agreement.

 

In avoidance of doubt it is hereby agreed and declared, that no change, extension, waiver, delay, relief or discount done in this Agreement and/or in the derived charges, will be valid, unless done in writing and signed by all parties.

 

26.       Each party will bear his Attorney’s legal fees in relation to the preparation and signing of this Agreement.

 

Exclusive jurisdiction clause:

 

27.       It is hereby agreed that the Tel Aviv Court of Justice will have exclusive jurisdiction authority to judge every matter relating to this Agreement.

 

In witness whereof, the parties have signed this Agreement

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
The Lessee
    	
 
    	
The Lessor
    	
 
    

 

I undersigned,                        , attorney for the Lessee, hereby confirm that the Lessee is authorized to sign this Agreement with the Lessor, and there is no prevention from the Lessee party to be attached to this Agreement, and that this attachment is in line with the Lessee’s Articles and memorandum.

 

	
 
    	
Date:
    	
14/5/12
    	
 
    	
/s/ Dimenstein Attorney
    	
 
    

 

I, the undersigned, Avi Bechar, Attorney, Attorney for the Lessor, hereby confirm that the Lessor is authorized to sign this Agreement with the Lessor, and there is nothing preventing the Lessor party from being attached to this Agreement, and that this attachment is in line with the Lessor’s Articles and memorandum.

Additionally, I confirm that Mr. Yaakov Bechar is the Lessor’s Authorized signatory, and has signed this Agreement in my presence.

 

	
 
    	
Date:
    	
4/5/12
    	
 
    	
/s/ Avi Bechar Attorney
    	
 
    

 

13

 

Appendix “a”  (section 14 b of the Agreement)

 

To

 

Bechar & Sons (1983) - Food Supply and Marketing Ltd.
 At Adv. Avi Bechar, of 9 Hagilad St., Ramat Gan

 

Dear Sirs.,

 

Re: Insurance Edition Certificate for the period from            to           

 

We hereby certify that we have edited the policies detailed in section 14 of the Agreement on the Property leased by you and that is in the possession of the Lessee whose name is detailed below, located on Floor A at 5 Oppenheimer St., Rehovot (hereinafter: “The Property”), and relates to the Property’s Lessee’s business and activities.

 

1.                  The insured name                                ((hereinafter: “The Lessee”).

 

The insured properties: The Property’s content (without derogating from the generality, including all alterations, improvements and additions to the Property that are done and/or will be done by or for the Lessee, including equipment, furniture, facilities and stock of all kinds.

 

The insurance sum:

 

Special condition: The policy includes a section concerning the waiver of subrogation towards you as well as toward guests and visitors to the site.

 

2.                  Third party liability insurance: (about the Lessee’s business and activities)

 

The insured name                                  ((hereinafter: “The Lessee”).

 

Liability limit:                                      For one case                        (                 ) minimum.

 

	
Special conditions:
    	
1.
    	
It is agreed that the policy is comprehensive to indemnify the Lessor   for his actual or future vicarious liability to the Lessee’s act and/or   default
    
	
 
    	
 
    	
 
    
	
 
    	
2.
    	
The policy includes a cross-liability section for the insured   individuals.
    

 

The policies cannot be cancelled without a 30 (thirty) days advance registered mail written note to Avi Bechar Attorney.

 

 

	
 
    	
Sincerely
    
	
 
    	
 
    
	
 
    	
The insurer’s name and signature
    

 

14

 

Appendix “b”  (section 19b of the Agreement)

 

To

 

Bechar & Sons (1983) Food Supply and Marketing Ltd.,

At Adv. Avi Bechar, of 9 Hagilad St.,
  Ramat Gan

 

Dear Sirs.

 

	
 
    	
Re:
    	
Bank Guarantee Letter Number:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
1.
    	
In reply   to                                (hereinafter   “the Lessee”), We hereby guarantee to pay any amount that you require from us   on the actual payment date, up to the total value of 154,000 New Israeli   Shekels (in words, a hundred and fifty four thousand NIS) (hereinafter “the   guarantee”), that is due or will be due from the lessee to ensure the   fulfilling of all his liabilities by the lease Agreement of the Office spaces   at 5 Oppenheimer St., Rehovot, with all its Appendices, that was edited and   signed on the                          (hereinafter “the Agreement”).
    
	
 
    	
 
    	
 
    
	
 
    	
2.
    	
At your first written request (hereinafter “the Request”) and not   later than seven days from the receipt of your written request here to our   address cited below we shall send you in exchange of this guarantee, any sum   set in this request provided that it will not exceed the guarantee sum, and   that without requiring you to prove your request.
    
	
 
    	
 
    	
 
    
	
 
    	
3.
    	
This guarantee cannot be converted or assigned.
    
	
 
    	
 
    	
 
    
	
 
    	
4.
    	
This guarantee will be valid until and including the day             , and after this   date will be null and void. Every written demand by this guarantee letter   must reach the undersigned before the said date .
    

 

 

	
 
    	
Respectfully,
    

 

 

	
Bank
    	
 
    	
 
    
	
 
    	
 
    
	
Branch
    	
 
    	
 
    
	
 
    	
 
    
	
Address
    	
 
    	
 
    
				

 

15

 

Management Agreement

 

Made and signed on January 1, 2012

 

Between:

 

Ofek, MB - Facilities Management Service (2000) Ltd
  (Hereinafter: “The Management Company”)

 

And:

 

Lev Hapark residents’ representatives
  Openheimer 5
  Rehovot
  (Hereinafter: “The Delegation”)

 

	
Whereas:
    	
The Delegation represents all the building’s residents;
    
	
 
    	
 
    
	
And Whereas:
    	
The Delegation wishes to receive from the Company management   maintenance services in the building;
    
	
 
    	
 
    
	
And Whereas:
    	
The Company has the knowhow and the capability to perform the   services offered in this Agreement;
    
	
 
    	
 
    
	
And Whereas:
    	
This Agreement is intended to regulate the mutual undertakings in all   that concerns the management and the execution of the services in the   building;
    
	
 
    	
 
    
	
And Whereas:
    	
This Agreement is intended to regulate the mutual undertakings in all   that concerns the management and the execution of the services in the   building;
    

 

Thus stated, it was stipulated and agreed between the parties as follows:

 

Preamble

 

1.              The preamble and the parties’ declarations of this Agreement are an integral part of the agreement.

 

2.              The headings of the sections in this Agreement are only for convenience; they are not part of this Agreement and will not be used as interpretation.

 

3.              The parties to this Agreement will not be connected to any declaration, representation, agreements and undertakings, (orally or in writing) that are not included in this Agreement and before its signing.

 

4.              Every alteration in this Agreement and every addition to this Agreement will be in writing and signed by the two parties, otherwise they will be invalid.

 

5.              The Delegation and the residents declare that there is no prevention by law and/or agreement to engage with the Company in this Agreement.

 

 

The engagement

 

7.              The Company will exclusively manage and perform the services in the building for the Delegation, in good faith, conscientiously, and to the usual high standard and according to the terms fixed in this Agreement.

 

8.              By signing this Agreement, the Delegation empowers the Company and allows it, as far as it depends on its decision, to receive the holding and care of the management of the common property. To avoid doubt, it is clarified that the Company does not undertake any liability to the common property on its different facilities toward any authority, except for its undertaking to keep and abide by any law and/or relevant regulation concerning the services’ operation. Without derogating from the generality, it is clarified that the Company will not bear payments and/or charges deriving from the common property except from its undertakings by this Agreement.

 

The Agreement Period

 

9.              The beginning of the Agreement Period will be from January 1, 2012 and it will be for 12 months subject to this Agreement’s provisions. If the Agreement Period ends and no notice are given for its termination, as stated below, the Agreement will continue to apply until its cessation, as stated in the following section 10.

 

10.       The Agreement Period will end, if any of the following conditions takes place, whichever is earlier :

 

a.              At the time the Company declares its wish to terminate the Agreement provided it has notified the Delegation 60 days ahead and in writing.

 

b.              At the time the Delegation notified the Company that it wishes to terminate the Agreement provided it had notified the Delegation 60 days ahead and in writing.

 

c.               If the Delegation and/or any of the building’s residents will contravene any of the undertakings of the Agreement, the Company will be entitled to end this Agreement in 45 days by written note.

 

d.              Notwithstanding the aforesaid in this section, it is agreed that the parties will not give notice of the Agreement’s cessation in the 12 month period following the determined date.

 

The services

 

11.       The Company will supply the necessary services at its discretion and decision in the building’s common property, for its management, maintenance and operation of the building’s common property (Hereinafter: “The services”) and that as stated in the Company’s offer detailed in Appendix a’. It is clarified that the services scope and/or their frequency and/or the comments on the services, detailed in Appendix a’ of this Agreement, can be changed and/or adjusted by the Company according to the necessary requirements, at the Company’s discretion, for the management, maintenance and operation of the building’s common property.

 

The services management and operation

 

12.       The Company may decide from time to time, subject to this Agreement, the services scope, quality, kind, method and time of their provision.

 

13.       The Company may decide from time to time, to fix procedures, to update them and/or change them in connection to services operating in the building or the common property, all and/or in part. The procedures will be coordinated with the Delegation and will be binding for the building’s residents.

 

17

 

14.       The Management Company may contact from time to time contractors and/or sub-contractors of other companies for the operation of part and/or all of the services that the Management Company has accepted under this Agreement. Such a connection will be for certain part of the project and/or every part of the facilities and the systems and/or for all the services and/or part of them.

 

15.       The Management Company may employ and/or contact in any way it deems fit, for full or part employment, any person or body, including technical, professional or administrative employees, clerks, specialists, attorneys, advisors, laborers and professional work suppliers.

 

16.       If any of the building’s residents, representatives, guests, visitors and/or any third party contravene the said procedures and this breach causes a defect and/or failure and/or damage in any part of the building and/or all or part of the common property that is not considered reasonable and regular wear, the Company will not be liable and repair costs will fall exclusively on the Delegation. If the Delegation wishes the Company to do any work connected to the said damage, the proceeds due to the Company will be in addition to the management’s fees and will be calculated separately.

 

17.       In avoidance of doubt, the Company will not be considered as the building’s guard and/or in any part of it, neither of its contents in the meaning of the term in the Guards Law 1967. The building’s residents and/or the Delegation will be responsible for their property and the said Law will not apply to the relations between the Company and the Delegation and/or any of the building’s residents.

 

18.       It is clarified that the Company is not responsible for the collection of the residents’ debts to the authorities.

 

The Proceeds

 

19.       The proceeds for reception of all the services detailed in this Agreement and in its Appendix a’ will be NIS 7.28 per m2 plus VAT. It is hereby clarified that the cost was calculated on the basis of the building’s surface of 7,280 m2.

 

Insurance

 

20.       The Company will ensure the building for a third party policy for up to NIS 12,000,000 for each case and for the period with a policy covering the area of public spaces only.

 

21.       The Company will also ensure its employees in an employers’ liability policy.

 

Delayed payments

 

22.       Every time the property’s owner will be in arrears in any payment due from him to the Management Company by this Agreement for a period exceeding 14 days and/or if the property’s owner contravenes any of this Agreement’s provisions, the Management Company will be entitled, in addition, and without derogating its rights, to demand any sum due to it by the property’s owner and to get it by any means of support it chooses.

 

23.       To add to every delayed payment interest, an arrears’ interest at the customary highest rate on the said date in Bank Leumi Ltd. for unauthorized credit’ deviations and/or interest and linkage by the Interest and Linkage Law 1961, whichever is the higher, starting with the debt’s creation and until the actual payment day.

 

24.       In every case of claim from the Management Company against a resident/ property owner for breach of this Agreement, the resident will indemnify the Management Company for all the expenses that the Management Company will incur due to these procedures.

 

25.       Refusal or unwillingness on the part of the resident to receive any service and/or his wish to cease and/or cancel this Agreement or part of its provisions, will not release him from paying all the fees by this Agreement.

 

18

 

Delayed payments

 

26.       The Tel Aviv Court of Justice will have exclusive jurisdiction authority to judge every matter relating to this agreement and/or deriving from it, including its operation, violation or cancellation.

 

27.       Notwithstanding the aforesaid, controversy concerning matters defined in this Agreement will be settled in the way fixed by this Agreement.

 

Notes

 

28.       The parties’ address for this Agreement, will be as described in the heading of this Agreement or every other address in Israel which will be detailed in the note sent to the other party as stated in this section.

 

29.       Every note sent by any of the parties to the other to this address will be deemed as having reached its destination after 3 business days if sent by recorded post.

 

In witness whereof the parties signed

 

 

	
 
    	
 
    	
 
    	
 
    
	
 
    	
The Management Company
    	
 
    	
The Delegation
    

 

19

 

 

20Exhibit 10.1

 

FIRST AMENDMENT TO 

CREDIT AGREEMENT

 

THIS FIRST AMENDMENT
TO CREDIT AGREEMENT (this “Amendment”), dated as of February 3, 2015, is entered into by and among Response
Genetics, Inc., a Delaware corporation (“Borrower”), each of the undersigned financial institutions
(individually each a “Lender” and collectively “Lenders”) and SWK FUNDING
LLC, a Delaware limited liability company, in its capacity as administrative agent for the other Lenders (in such capacity,
“Agent”).

 

RECITALS

 

WHEREAS, Borrower and
Agent entered into that certain Credit Agreement dated as of July 30, 2014, (as the same may be further amended, modified or restated
from time to time, being hereinafter referred to as the “Credit Agreement”); and

 

WHEREAS, Borrower and
Agent desire to amend the Credit Agreement as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the premises herein contained and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

Article
I

 

Definitions

 

Capitalized terms used
in this Amendment are defined in the Credit Agreement unless otherwise stated.

 

ARTICLE II

 

Amendments to Credit
Agreement 

 

2.1Amendments
to Section 1.1 of the Credit Agreement.

 

(a)Effective
as of the First Amendment Effective Date, Section 1.1 of the Credit Agreement is amended by adding the following definition
thereto in its appropriate alphabetical order:

 

“First
Amendment Effective Date means February 3, 2015.”

 

(b)Effective
as of the First Amendment Effective Date, the following definition in Section 1.1 of the Credit Agreement is hereby amended
and restated in its entirety to read as follows:

 

    	 

    	 

    

 

“Subsequent
Term Loan Warrant means a warrant to be issued to the applicable Lender(s) by Borrower, in the form attached hereto as Exhibit
D, on or prior to the date of any subsequent Term Loan made by such Lender(s) pursuant to Section 2.2.2 on or after
the First Amendment Effective Date.”

 

2.2Amendment
to Section 2.2 of the Credit Agreement. Effective as of the First Amendment Effective Date, Section 2.2 of the Credit
Agreement is amended and restated in its entirety to read as follows:

 

“2.2Loan
Procedures. 

 

2.2.1Closing Date
Advance and Advance on First Amendment Effective Date.

 

On the Closing
Date, Lenders advanced to Borrower an amount equal Eight Million Five-hundred Thousand and No/100 Dollars ($8,500,000). Borrower,
Agent and Lenders hereby agree and acknolwedge that, as of the First Amendment Effective date (and immediately prior to the subsequent
Advance described in the next sentence), the outstanding principal balance of the Term Loan is Eight Million Five-hundred Thousand
and No/100 Dollars ($8,500,000). On the First Amendment Effective Date, Lenders shall advance to Borrower an additional One Million
Five Hundred Thousand and No/100 Dollars ($1,500,000) upon satisfaction by Borrower of the conditions to closing described in that
certain First Amendment to Credit Agreement dated as of the First Amendment Effective Date.

 

2.2.2Subsequent
Term Loan.

 

During the
period beginning on the First Amendment Effective Date and ending February 28, 2016, so long as (x) no Default or Event
of Default has occurred and is continuing, (y) the Aggregate Revenue recognized by Borrower and any of its Subsidiaries
during any period of four (4) consecutive Fiscal Quarters ending prior to December 31, 2015, exceeds $25,000,000, and (z)
Agent shall have received the fully-executed Subsequent Term Loan Warrant, upon Agent’s receipt of a written request from
Borrower for a subsequent advance of the Loan, Lenders shall make (1) one additional advance (within thirty (30) days of receipt
by Agent of such written request for advance) to Borrower in a maximum amount of Two Million and No/100 Dollars ($2,000,000).”

 

2.3Amendment
to Annex I to Credit Agreement. Effective as of the First Amendment Effective Date, Annex I to the Credit Agreement
is hereby amended and restated in its entirety to read as follows:

 

	Lender	 	Term Loan Commitment	 	Pro Rata Term Loan Share
	 	 	 	 	 
	SWK Funding LLC	 	100%	 	$10,000,000

 

    	2

    	 

    

 

2.1Amendment
to Annex II to Credit Agreement. Effective as of the First Amendment Effective Date, Annex II to the Credit Agreement
is hereby amended to update the notice address for Agent as follows:

 

“SWK Funding
LLC

14755 Preston Road,
Suite 105

Dallas, TX
75254

Email:
notifications@swkhold.com”

 

2.2Amendment
to Exhibit D to Credit Agreement.Effective as of the First Amendment Effective Date, Exhibit D to the Credit
Agreement is hereby amended and restated in the form attached hereto as Exhibit A.

 

ARTICLE III

 

Conditions Precedent
and Post-Closing Obligations

 

The effectiveness of
this Amendment is subject to the satisfaction of the following conditions precedent in a manner satisfactory to Agent, unless specifically
waived in writing by Agent:

 

A.Agent
shall have received this Amendment duly executed by Borrower.

 

B.Agent
shall have received (i) a consolidated replacement warrant in relation to each of those two certain warrants issued to Lenders
on September 9, 2014 and (ii) an additional warrant in relation to the Term Loan advance on the First Amendment effective date
issued to Agent, each such warrant to be issued by Borrower on the First Amendment Effective Date in form and substance acceptable
to Agent.

 

C. Except
as otherwise previously disclosed to Agent in writing, the representations and warranties contained herein and in the Credit Agreement
and the other Loan Documents, as each is amended hereby, shall be true and correct in all material respects as of the date hereof,
except to the extent such representations and warranties expressly relate to an earlier date, in which case they are true and correct
in all material respects as of such date.

 

D.No
Default or Event of Default shall have occurred and be continuing, unless such Default or Event of Default has been otherwise specifically
waived in writing by Agent.

 

E.All
corporate proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and
other legal matters incident thereto shall be satisfactory to Agent; and Borrower shall provide to Agent a secretary’s certificate
with resolutions in form and substance acceptable to Agent. 

 

    	3

    	 

    

 

ARTICLE
IV

 

Ratifications, Representations
and Warranties

 

4.1Ratifications.
The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth
in the Credit Agreement and the other Loan Documents, and, except as expressly modified and superseded by this Amendment, the terms
and provisions of the Credit Agreement and the other Loan Documents are ratified and confirmed and shall continue in full force
and effect. Borrower and Agent agree that the Credit Agreement and the other Loan Documents, as amended hereby, shall continue
to be legal, valid, binding and enforceable in accordance with their respective terms. Borrower agrees that this Amendment is not
intended to and shall not cause a novation with respect to any or all of the Obligations.

 

4.2Representations
and Warranties. Borrower hereby represents and warrants to Agent that (a) the execution, delivery and performance of this
Amendment and any and all other Loan Documents executed and/or delivered in connection herewith have been authorized by all requisite
action (as applicable) on the part of Borrower and will not violate the organizational documents of Borrower; (b) Borrower’
directors have authorized the execution, delivery and performance of this Amendment and any and all other Loan Documents executed
and/or delivered in connection herewith; (c) except as otherwise previously disclosed in writing to Agent, the representations
and warranties contained in the Credit Agreement and the other Loan Documents, as each is amended hereby, are true and correct
in all material respects on and as of the date hereof (except to the extent such representations and warranties expressly relate
to an earlier date, in which case they are true and correct in all material respects as of such date); (d) no Default or Event
of Default under the Credit Agreement, as amended hereby, has occurred and is continuing; (e) Borrower is in full compliance in
all material respects with all covenants and agreements contained in the Credit Agreement and the other Loan Documents, as amended
hereby; and (f) except as disclosed to Agent, Borrower has not amended its organizational documents since the date of the Credit
Agreement.

 

ARTICLE
V

 

Miscellaneous Provisions

 

5.1Survival
of Representations and Warranties. All representations and warranties made in the Credit Agreement or any other Loan Document,
including, without limitation, any document furnished in connection with this Amendment, shall survive the execution and delivery
of this Amendment and the other Loan Documents, and no investigation by Agent or any Lender or any closing shall affect the representations
and warranties or the right of Agent and each Lender to rely upon them.

 

5.2Reference
to Credit Agreement. Each of the Credit Agreement and the other Loan Documents, and any and all other Loan Documents, documents
or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Credit Agreement,
as amended hereby, are hereby amended so that any reference in the Credit Agreement and such other Loan Documents to the Credit
Agreement shall mean a reference to the Credit Agreement, as amended hereby.

 

5.3Expenses
of Agent. As provided in the Credit Agreement, Borrower agrees to pay on demand all costs and expenses incurred by Agent,
or its Affiliates, in connection with the preparation, negotiation, and execution of this Amendment and the other Loan Documents
executed pursuant hereto and any and all amendments, modifications, and supplements thereto, including, without limitation, the
reasonable costs and fees of legal counsel, and all costs and expenses incurred by Agent and each Lender in connection with the
enforcement or preservation of any rights under the Credit Agreement, as amended hereby, or any other Loan Documents, including,
without, limitation, the reasonable costs and fees of legal counsel.

 

    	4

    	 

    

 

5.4Severability.
Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate
the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable.

 

5.5Successors
and Assigns. This Amendment is binding upon and shall inure to the benefit of Agent and each Lender and Borrower and their
respective successors and assigns, except that Borrower may not assign or transfer any of its rights or obligations hereunder without
the prior written consent of Agent.

 

5.6Counterparts.
This Amendment may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original, but
all of which when taken together shall constitute one and the same instrument. This Amendment may be executed by facsimile or electronic
(.pdf) transmission, which facsimile or electronic (.pdf) signatures shall be considered original executed counterparts for purposes
of this Section 5.6, and each party to this Amendment agrees that it will be bound by its own facsimile or electronic (.pdf)
signature and that it accepts the facsimile or electronic (.pdf) signature of each other party to this Amendment.

 

5.7Effect
of Waiver. No consent or waiver, express or implied, by Agent to or for any breach of or deviation from any covenant or
condition by Borrower shall be deemed a consent to or waiver of any other breach of the same or any other covenant, condition or
duty.

 

5.8Headings.
The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the interpretation
of this Amendment.

 

5.9Applicable
Law. THE TERMS AND PROVISIONS OF SECTIONS 10.17 (GOVERNING LAW) AND 10.18 (FORUM SELECTION; CONSENT TO JURISDICTION)
OF THE CREDIT AGREEMENT ARE HEREBY INCORPORATED HEREIN BY REFERENCE, AND SHALL APPLY TO THIS AMENDMENT MUTATIS MUTANDIS
AS IF FULLY SET FORTH HEREIN.

 

5.10Final
Agreement. THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS, EACH AS AMENDED HEREBY, REPRESENT THE ENTIRE EXPRESSION OF
THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF ON THE DATE THIS AMENDMENT IS EXECUTED. THE CREDIT AGREEMENT AND THE OTHER
LOAN DOCUMENTS, AS AMENDED HEREBY, MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. NO MODIFICATION, RESCISSION, WAIVER, RELEASE OR AMENDMENT
OF ANY PROVISION OF THIS AMENDMENT SHALL BE MADE, EXCEPT BY A WRITTEN AGREEMENT SIGNED BY Borrower
AND AGENT.

 

    	5

    	 

    

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    	6

    	 

    

 

IN WITNESS WHEREOF, this Amendment has
been executed and is effective as of the date first above-written.

 

	 	BORROWER:
	 	 	 
	 	 	 
	 	Response
    Genetics, Inc., 
	 	a
    Delaware corporation
	 	 	 
	 	 	 
	 	By:	/s/
    Thomas A. Bologna
	 	Name: 	Thomas
    A. Bologna
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	AGENT AND LENDERS:
	 	 	 
	 	SWK FUNDING LLC,
	 	as Agent and a Lender

 

	 	By: SWK Holdings Corporation, 
	 	its sole Manager
	 	 	 
	 	 	 
	 	By: 	/s/ Winston
    Black
	 	Name: 	Winston
    Black 
	 	Title:	Managing
    Director 

  

    	 

    	 

    

 

FORM OF SUBSEQUENT TERM LOAN WARRANT

(Revised)

 

Exhibit A

 

Exhibit D to Credit Agreement

(Form of Subsequent Term Loan Warrant)

 

THIS WARRANT AND ANY SECURITIES ACQUIRED
UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE OR FOREIGN
SECURITIES LAWS AND NEITHER THIS WARRANT, SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR
OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR (II) AN EXEMPTION
FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS.

 

WARRANT

 

	Date of Issuance:  [____________]1	Warrant No. [___]

  

FOR VALUE RECEIVED,
Response Genetics, Inc., a Delaware corporation (the “Company”), hereby grants to SWK Funding LLC, a Delaware
limited liability company (“SWK”), or its registered assigns (the “Registered Holder”), the
right to purchase up to [________________ (____)]2
duly authorized, validly issued, fully paid and nonassessable shares of the Company’s Common Stock (as further adjusted from
time to time, the “Exercise Shares”) at a price of [$____]3
per share (as adjusted from time to time hereunder, the “Exercise Price”). This Warrant is one of one or more
Warrants issued by the Company (collectively, the “Warrants”) pursuant to Section 4.4 of the Credit Agreement.
Certain capitalized terms used herein are defined in Section 14 hereof. The amount and kind of securities purchasable pursuant
to the rights granted hereunder and the Exercise Price for such securities are subject to adjustment pursuant to the provisions
contained in this Warrant.

 

This Warrant is subject
to the following provisions:

 

Section 1.Exercise
of Warrant.

 

1A.Exercise
Period and Amount. The Registered Holder may exercise, in whole or in part, the purchase rights represented by this Warrant
for the Exercise Shares at any time and from time to time up to and including the Expiration Date (the “Exercise Period”).

 

(i)Exercise Procedure.
This Warrant will be deemed to have been exercised when the Company has received all of the following items or such later time
as may be specified by the Registered Holder in the Exercise Agreement but in no event after the Expiration Date (the “Exercise
Time”):

 

 

1
Date of any subsequent Term Loan made by Lenders pursuant to Section 2.2.2 of the Credit Agreement (the “Subsequent
Closing Date”).

2
The Subsequent Term Loan Warrant shall be for a number of shares equal to the 15.0% of the amount of any subsequent Term Loan,
divided by the Exercise Price.

3
The Exercise Price shall be equal to the lower of (a) the average closing price of the previous 5 trading days before the Subsequent
Closing Date, or (b) the closing price on the last trading day prior to the Subsequent Closing Date.

 

    	 

    	 

    

 

(a)a completed
Exercise Agreement, as described in Section 1B hereof, executed by the Person exercising all or part of the purchase
rights represented by this Warrant (the “Purchaser”);

 

(b)this Warrant;

 

(c)if this Warrant
is not registered in the name of the Purchaser, an Assignment or Assignments in the form set forth in Exhibit II hereto
(an “Assignment”) properly executed evidencing the assignment of this Warrant to the Purchaser, in compliance
with the provisions set forth in Section 5 hereof; and

 

(d)a payment to
the Company in an amount equal to the product of the Exercise Price multiplied by the number of Exercise Shares being purchased
upon such exercise (the “Aggregate Exercise Price”) in the form of, at the Registered Holder’s option,
(1) a check payable to the Company or (2) a wire transfer of funds to an account designated by the Company; provided, however,
the Registered Holder may exercise this Warrant in whole or in part by the surrender of this Warrant to the Company, with a duly
executed Exercise Agreement marked to reflect “Net Issue Exercise” and specifying the number of Exercise Shares to
be purchased, and upon such Net Issue Exercise, the Registered Holder shall be entitled to receive that number of Exercise Shares
determined in accordance with the following equation:

 

	 	X	=	(A - B) x C	 
	 	 	 	A	 

 

where

 

	 	X	=	the number of shares of Exercise Shares purchasable upon a Net Issue Exercise of the Warrant pursuant to the provisions of this Section 1A;
	 	 	 	 
	 	A	=	the Fair Market Value of one Exercise Share on the date of the Net Issue Exercise;
	 	 	 	 
	 	B	=	the Exercise Price for one Exercise Share under this Warrant; and
	 	 	 	 
	 	C	=	the number of Exercise Shares as to which this Warrant is being exercised pursuant to the provisions of this Section 1A.

 

If the foregoing calculation results in
a negative number, then no Exercise Shares shall be issued upon a Net Issue Exercise pursuant to this Section 1A.

 

(ii)Delivery of
Stock Certificates and New Warrants. Duly executed certificates for Exercise Shares purchased upon exercise of this Warrant
will be delivered by the Company to the Purchaser within five (5) Business Days after the date of the Exercise Time. The issuance
of certificates for Exercise Shares will be made without charge to the Registered Holder or the Purchaser for any issuance tax
in respect thereof or other cost incurred by the Company in connection with such exercise and the related issuance of shares of
Common Stock. Unless this Warrant has expired or all of the purchase rights represented hereby have been exercised, the Company
will prepare a new Warrant, substantially identical hereto, representing the rights formerly represented by this Warrant which
have not expired or been exercised and will, within such five (5) Business Day period, deliver such new Warrant to the Person designated
for delivery in the Exercise Agreement.

 

    	- 2 -

    	 

    

 

(iii)Deemed Timing
of Certain Events. The Exercise Shares will be deemed to have been issued to the Purchaser at the Exercise Time, and the Purchaser
will be deemed for all purposes to have become the record holder of such Exercise Shares at the Exercise Time.

 

(iv)Valid Issuance
of Exercise Shares. Each Exercise Share issuable upon exercise of this Warrant will, upon exercise of this Warrant in accordance
with the terms hereof and payment of the Aggregate Exercise Price therefor in accordance with Section 1A(i)(d), be
fully paid and nonassessable and free from all liens and charges with respect to the issuance thereof, other than those arising
by virtue of any action taken by the Registered Holder or the failure of the Registered Holder to take any action required to be
taken by it.

 

(v)Legends.
Unless the Exercise Shares issuable upon exercise of this Warrant have been registered under the Securities Act, each certificate
representing any such shares shall bear a legend substantially in the following form:

 

“THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR ANY STATE OR FOREIGN SECURITIES LAWS, AND NEITHER
THESE SECURITIES NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO
(I) AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR (II) SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH
LAWS.”

 

(vi)Books; Par
Value. The Company will maintain at its principal office, books for the registration of the Warrants and any transfer or assignment
thereof. The Company will not close its books against the transfer of this Warrant or of any Exercise Share in any manner which
interferes with the timely exercise of this Warrant. The Company will from time to time take all such action as may be necessary
to assure that the par value per share, if any, of the unissued Exercise Shares is at all times equal to or less than the Exercise
Price then in effect.

 

(vii)Company Cooperation
and Government Filings. If the Registered Holder is required to make any governmental filings or obtain any governmental approvals
prior to or in connection with any exercise of this Warrant (including, without limitation, making any filings reasonably required
to be made by the Company), then the Company shall, at the Registered Holder’s expense, provide reasonable assistance, as
reasonably requested by the Registered Holder, in connection with such filings or approvals.

 

(viii)Effective
Time of Exercise in Connection with Public Offering or Sale. Notwithstanding any other provision hereof, if an exercise of
any portion of this Warrant is to be made in connection with a Public Offering or Sale of the Company Transaction, the exercise
of any portion of this Warrant may, at the election of the Registered Holder, be conditioned upon the consummation of the Public
Offering or Sale of the Company Transaction in which case such exercise shall not be deemed to be effective until immediately prior
to the consummation of such transaction.

 

    	- 3 -

    	 

    

 

(ix)Sufficient
Shares; No Violation; Registration in Certain Instances. The Company shall at all times reserve and keep available out of its
authorized but unissued shares of Common Stock solely for the purpose of issuance upon the exercise of the Warrants, such number
of shares of Common Stock issuable upon the exercise of all outstanding Warrants. All shares of Common Stock that are issuable
shall, when issued in accordance with the terms of this Warrant, be duly and validly issued, fully paid and nonassessable and free
from all taxes, liens and charges, other than those arising by virtue of any action taken by the Registered Holder or the failure
of the Registered Holder to take any action required to be taken by it. The Company shall take all such actions as may be reasonably
necessary to assure that all such shares of Common Stock may be so issued without violation of any applicable law or governmental
regulation or any requirements of any domestic securities exchange upon which shares of Common Stock may be listed (except for
official notice of issuance which shall be immediately delivered by the Company upon each such issuance). The Company will use
its commercially reasonable efforts to cause the Exercise Shares, immediately upon any exercise of this Warrant, to be listed on
any domestic securities exchange upon which shares of Common Stock, or other securities constituting Exercise Shares, are listed
at the time of such exercise, if any.

 

1B.Exercise
Agreement. Upon any exercise of this Warrant, the Exercise Agreement will be substantially in the form set forth in Exhibit
I hereto (the “Exercise Agreement”), except that if the Exercise Shares are not to be issued in the name
of the Person in whose name this Warrant is registered, the Exercise Agreement will also state the name of the Person to whom the
certificates for the Exercise Shares are to be issued and will be accompanied by a properly executed Assignment (as required by
Section 5 hereof), and if the number of Exercise Shares to be issued does not include all the shares of Common Stock purchasable
hereunder, it will also state the name of the Person to whom a new Warrant for the unexercised portion of the rights hereunder
is to be delivered (and if such Person is other than the Person in whose name this Warrant is then registered, will be accompanied
by a properly executed Assignment (as required by Section 5 hereof)). Such Exercise Agreement will be dated the actual date
of execution thereof.

 

1C.Payment of
Expenses and Taxes. The Company shall pay all expenses and taxes imposed by law or any governmental agency, including any documentary
stamp taxes, attributable to the issuance of Exercise Shares upon the exercise of the Warrant; provided, that nothing in this Section 1C
shall make the Company liable for any income taxes payable by the Registered Holder and associated with the issuance of the Warrant
or the exercise thereof.

 

Section 2.Adjustment
of Number of Exercise Shares. The number of Exercise Shares in effect shall be subject to adjustment from time to time as provided
in this Section 2.

 

2A.Subdivision
or Combination of Common Stock. If the Company at any time subdivides (by any stock split, stock dividend, recapitalization
or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the number of Exercise
Shares in effect immediately prior to such subdivision will be proportionately increased and the Exercise Price proportionately
decreased (but not to less than the par value, if any, of such shares). If the Company at any time combines (by reverse stock split
or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the number of Exercise
Shares in effect immediately prior to such combination will be proportionately decreased and the Exercise Price proportionately
increased.

 

    	- 4 -

    	 

    

 

2B.Reorganization,
Reclassification, Consolidation, Merger or Sale. Any (i) recapitalization or reorganization of the Company, (ii) reclassification
of the stock of the Company, (iii) consolidation or merger of the Company with or into another Person, (iv) sale of all or substantially
all of the Company’s assets to another Person or (v) other transaction, which is effected in such a way that holders of Common
Stock are entitled to receive (either directly or upon subsequent liquidation) stock, securities, assets or other property with
respect to or in exchange for Common Stock is referred to herein as an “Organic Change”. Prior to the consummation
of any Organic Change, the Company will make appropriate provision to ensure that each Registered Holder of a Warrant will thereafter
have the right to acquire and receive in lieu of or addition to (as the case may be) the shares of Common Stock immediately theretofore
acquirable and receivable upon the exercise of such holder’s Warrant, such shares of stock, securities, assets or other property
(“Exchangeable Property”) as may be issued or payable with respect to or in exchange for the number of shares
of Common Stock immediately theretofore acquirable and receivable upon exercise of such holder’s Warrant had such Organic
Change not taken place. In any such case, the Company will make appropriate provision with respect to such Registered Holders’
rights and interests to ensure that the provisions of this Warrant will thereafter be applicable to the Warrants (including, in
the case of any such consolidation, merger or sale in which the successor entity or purchasing entity is other than the Company,
an immediate adjustment of the Exercise Price in proportion to the Exchangeable Property receivable for each share of Common Stock
reflected by the terms of such consolidation, merger or sale, and a corresponding immediate adjustment in the number of Exercise
Shares). Notwithstanding anything to the contrary contained herein, with respect to any corporate event or other transaction contemplated
by the provisions of this Section 2B, each Registered Holder shall have the right to elect, prior to the consummation
of such event or transaction, to give effect to the exercise rights contained in Section 1 hereof instead of giving effect
to the provisions contained in this Section 2B with respect to this Warrant.

 

2C.Legal Impediments
to Exercise Price Adjustments. If any adjustment to the Exercise Price required hereunder is not permitted by applicable law
(including without limitation, by reducing the Exercise Price below the par value, if any, of the shares of Common Stock), then,
unless the adjustment necessary shall be agreed upon by the Company and the Registered Holder, the Board shall appoint a firm of
independent certified public accountants of recognized standing, acceptable to the Registered Holder, which, at the Company’s
expense, shall render its written opinion on the necessary adjustment in the number of Exercise Shares purchasable upon exercise
of this Warrant, so as to preserve, without dilution, the exercise rights of the Registered Holder consistent with the standards
in this Section 2. Upon receipt of such opinion, the Board shall forthwith make the adjustments described therein.

 

    	- 5 -

    	 

    

 

2D.Certain Other
Actions Prohibited. The Company shall not by amendment of the Charter or its bylaws or through any reorganization, transfer
of assets, consolidation, merger, dissolution, issuance or sale of securities or any other voluntary action, avoid or seek to avoid
the observance or performance of any of the provisions of this Warrant but shall at all times in good faith assist in the carrying
out of all of the provisions of this Warrant and shall take all such action as the Registered Holder may reasonably request to
protect the exercise privilege of the Registered Holder against dilution. Without limiting the generality of the foregoing, the
Company (i) shall take all such actions as may be necessary or appropriate under state law in order that the Company may validly
and legally issue fully paid and nonassessable shares of Common Stock upon the exercise of all of the Warrants from time to time
outstanding and (ii) shall not take any action which results in (1) any adjustment of the total number of shares of Common
Stock or other securities issuable after the action upon the exercise of all of the Warrants would exceed the total number of shares
of Common Stock then authorized by the Charter and available for the purpose of issuance upon such exercise or (2) any adjustment
of the Exercise Price to be less than the par value of the Common Stock.

 

2E.Notices.

 

(i)Adjustment
Notice and Certificate. As soon as practicable following any adjustment of the number of Exercise Shares, but in any event
not later than ten (10) Business Days thereafter, the Company will give written notice thereof to the Registered Holder, setting
forth in reasonable detail, and certifying the calculation of, such adjustment. Each such certification shall be signed by the
chief executive officer or chief financial officer of the Company and by the secretary or any assistant secretary of the Company.

 

(ii)Exercise Shares
Notice and Certificate. As soon as practicable following the receipt by the Company of a written request by the Registered
Holder, but in any event not later than ten (10) Business Days thereafter, the Company will provide to the Registered Holder written
notice certifying the number of Exercise Shares or the amount, if any, of other shares of stock, securities or assets then issuable
upon exercise of the Warrant. Each such certification shall be signed by the chief executive officer or chief financial officer
of the Company and by the secretary or any assistant secretary of the Company.

 

(iii)Notices Regarding
Books Closure, Dividends, Subscription Offers and Certain Voting Rights. The Company will give written notice to the Registered
Holder at least twenty (20) days prior to the date on which the Company closes its books or takes a record (A) with respect
to any dividend or distribution upon the Common Stock (including, without limitation with respect to any regular dividends or liquidating
distributions), (B) with respect to any issuance of Common Stock, preferred stock or Stock Equivalents covered by Section 5,
or (C) for determining rights to vote with respect to any Organic Change, dissolution or liquidation.

 

(iv)Notice of
Organic Change. The Company will give written notice to the Registered Holder at least twenty (20) days prior to the date on
which any Organic Change, dissolution or liquidation will take place. Such written notice shall include a reasonable description
of such Organic Change, the expected date of the consummation of such Organic Change, and the Fair Market Value payable, as well
as the number of Exercise Shares issuable upon exercise of the Warrant if issued upon a Net Issue Exercise pursuant to Section 1A
in connection with such Organic Change.

 

    	- 6 -

    	 

    

 

(v)Notice of Certain
Corporate Action. Without prejudice to the foregoing, the Registered Holder shall be entitled to the same rights to receive
notice of all other corporate action as any holder of Common Stock.

 

2F.Record Date.
If the Company takes a record of the holders of Common Stock for the purpose of entitling them (A) to receive a dividend or other
distribution payable in Common Stock, preferred stock or Stock Equivalents or (B) to subscribe for or purchase Common Stock, preferred
stock or Stock Equivalents, then such record date will be deemed to be the date of the issuance or sale of the shares of Common
Stock deemed to have been issued or sold upon the declaration of such dividend or the making of such other distribution or the
date of the granting of such right of subscription or purchase, as the case may be.

 

Section 3.Reserved.

 

Section 4.No
Voting Rights; Limitations of Liability. This Warrant shall not entitle the holder thereof to any voting rights or other rights
of a stockholder of the Company, except as otherwise set forth herein. No provision hereof, in the absence of affirmative action
by the Registered Holder to purchase Common Stock, and no enumeration herein of the rights or privileges of the Registered Holder
shall give rise to any liability of such Registered Holder for the Exercise Price of the Exercise Shares acquirable by exercise
hereof or as a stockholder of the Company, whether such liabilities are asserted by the Company or by creditors of the Company.

 

Section 5.Purchase
Rights. If at any time after the Date of Issuance the Company grants, issues or sells any shares of Common Stock or other Stock
Equivalents offered, in general, on a pro rata basis to the holders of the Common Stock (the “Purchase Rights”),
then the Registered Holder shall be entitled to acquire, upon the same terms applicable to such Purchase Rights, the aggregate
pro-rata Purchase Rights which such Holder could have acquired if such Holder had held the number of Exercise Shares acquirable
upon complete exercise of this Warrant immediately before the date on which a record is taken for the grant, issuance or sale of
such Purchase Rights, or, if no such record is taken, the date as of which the Common Stock or Stock Equivalents are granted, issued
or sold. In the event of any such offering, the Company shall give notice (the “Offer Notice”) to each Registered
Holder, stating (i) its bona fide intention to offer such Common Stock or other Stock Equivalents, (ii) the number of such securities
to be offered, and (iii) the price and terms upon which it proposes to offer such securities. By notification to the Company within
fifteen (15) days after the Offer Notice is given, each Registered Holder may elect to purchase or otherwise acquire, at the price
and on the terms specified in the Offer Notice, up to the aggregate pro-rata Purchase Rights as described above.

 

Section 6.Warrant
Transferable. Subject to the transfer conditions referred to in the legend endorsed hereon, this Warrant and all rights hereunder
(including the Exercise Shares) are transferable, in whole or in part, without charge to the Registered Holder, upon surrender
of this Warrant (or certificate for Exercise Shares) with a properly executed Assignment at the principal office of the Company.
Upon such compliance, surrender and delivery, the Company shall execute and deliver a new Warrant or Warrants (or shares) in the
name of the assignee or assignees and in denominations specified in such instrument of assignment, and shall issue to the assignor
a new Warrant (or shares) to evidence the portion of this Warrant (or shares), if any, not so assigned, and this Warrant (or shares)
shall promptly be cancelled. Without limiting the generality of the foregoing, upon a Sale of the Company Transaction structured
as a sale of the capital stock of the Company (whether by direct sale, merger or otherwise), in lieu of any exercise hereof and
sale of the underlying Exercise Shares, the Registered Holder shall have the right to transfer and sell this Warrant to one or
more third party purchasers for the purchase price otherwise payable by such Persons for Common Stock in such transaction less
the Aggregate Exercise Price.

 

    	- 7 -

    	 

    

 

Section 7.Warrant
Exchangeable for Different Denominations. This Warrant is exchangeable, upon the surrender hereof by the Registered Holder
at the principal office of the Company, for new Warrants of like tenor representing in the aggregate the purchase rights hereunder,
and each of such new Warrants will represent such portion of such rights as is designated by the Registered Holder at the time
of such surrender. The date the Company initially issues this Warrant will be deemed to be the “Date of Issuance”
hereof regardless of the number of times new certificates representing the unexpired and unexercised rights formerly represented
by this Warrant shall be issued. All Warrants representing portions of the rights hereunder are referred to herein as the “Warrants.”

 

Section 8.Replacement.
Upon receipt of evidence reasonably satisfactory to the Company (including at the request of the Company an affidavit of the Registered
Holder) of the ownership and the loss, theft, destruction or mutilation of any certificate evidencing this Warrant or, in the case
of any such mutilation upon surrender of such certificate to the Company, the Company will (at the Registered Holder’s expense)
execute and deliver in lieu of such certificate a new certificate of like kind representing the same rights represented by such
lost, stolen, destroyed or mutilated certificate and dated the date of such lost, stolen, destroyed or mutilated certificate.

 

Section
9.Registration Rights.

 

9A.Grant.
Subject to Section 9B, in the event the Company, at any time prior to the Expiration Date, proposes to file on behalf
of any shareholder a registration statement under the Securities Act on any form (other than a registration statement on Form S-4
or S-8) (“Registration Statement”) for shares held by any such shareholder, the Company shall offer to include
in such registration statement the Exercise Shares of each Registered Holder (whether issued or issuable under the Warrants) at
the Company’s expense. Such Exercise Shares shall be registered, along with such other shares, on a pro rata basis on terms
customary for a transaction of this type and nature.

 

9B.Underwritten
Offerings. In connection with any Registration Statement involving an underwritten offering of shares of the Company’s
Common Stock, the Company shall not be required to include any of the Registered Holder’s Exercise Shares in such underwriting
or Registration Statement unless the Registered Holder accepts the terms of the underwriting as agreed upon between the Company
and its underwriters, and then only in such quantity as the underwriter in its sole discretion determines will not jeopardize the
success of the offering by the Company. The Registered Holder understands that the underwriter may determine that none of the Exercise
Shares can be included in the offering.

 

    	- 8 -

    	 

    

 

9C.Lock-Up.
The Registered Holder agrees that, upon receipt of a written notice from the underwriter provided pursuant to this Section 9C,
the Registered Holder shall refrain from selling any Exercise Shares registered pursuant to Section 9B for a period of 180 days
after effectiveness of the Registration Statement. The foregoing provisions of this Section 9C shall be applicable to the
Registered Holders only if (i) all officers and directors and (ii) all stockholders individually owning more than 5% of the Company’s
outstanding Common Stock are subject to the same restrictions. Any discretionary waiver or termination of the restrictions of any
or all of such agreements by the Company or the underwriters shall apply pro rata to all holders subject to such agreements, based
on the number of shares subject to such agreements.

 

9D.Termination
of Registration Rights. The registration rights granted under this Section 9 shall not be effective at any time when Rule 144,
promulgated under the Securities Act, is available for resale of all of the Exercise Shares issuable pursuant to the Net Issue
Exercise provision of Section 1D without limitation during a three-month period and without registration.

 

Section 10.Notices.
Except as otherwise expressly provided herein, all notices, demands or other communications to be given or delivered under or by
reason of the provisions of this Warrant shall be in writing and shall be deemed to have been received: (a) when delivered personally
to the recipient, (b) one (1) day after sent to the recipient by reputable overnight courier service (charges prepaid), (c) three
(3) days after mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, or (d) upon
confirmation of transmittal by facsimile. Such notices, demands and other communications shall be addressed (x) in the case of
the Registered Holder, to its address as set forth in the books and records of the Company or, if different, as is designated in
writing from time to time by such Registered Holder, (y) in the case of the Company, to its principal office, and (z) in the case
of any registered assignee of this Warrant or its registered assignee, to such assignee at its address as designated in writing
by such assignee to the Company from time to time.

 

Section 11.Amendment
and Waiver. Except as otherwise provided herein, the provisions of this Warrant may not be amended or waived and the Company
may not take any action herein prohibited, or omit to perform any act herein required to be performed by it, unless the Company
has obtained the written consent of the Registered Holders of Warrants representing a majority of the Exercise Shares issuable
upon exercise of the Warrants; provided that (except as otherwise provided herein) no such action may change the Exercise Price
of any Warrants or the number of shares or class of stock obtainable upon exercise of any Warrant without the written consent of
the Registered Holder of such Warrant. No waiver by any party shall operate or be construed as a waiver in respect of any failure,
breach or default not expressly identified by such written waiver, and no failure to exercise, or delay in exercising, any rights,
remedy, power or privilege arising from this Warrant shall operate or be construed as a waiver thereof; nor shall any single or
partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise
of any other right, remedy, power or privilege.

 

    	- 9 -

    	 

    

 

Section 12.Survival
of Warrant Terms. The provisions contained in Section 5 through Section 14, inclusive, shall all survive the
exercise of the Warrant for so long as any of the Warrants or the Exercise Shares are outstanding.

 

Section 13.Descriptive
Headings; Governing Law. The descriptive headings of the several Sections and paragraphs of this Warrant are inserted for convenience
only and do not constitute a part of this Warrant. The construction, validity and interpretation of this Warrant will be governed
by the internal law, and not the conflicts law, of the State of New York.

 

Section 14.Definitions.
The following terms have meanings set forth below:

 

“Affiliates”
shall have the meaning ascribed to such term in the Credit Agreement.

 

“Aggregate
Exercise Price” shall have the meaning set forth in Section 1A(i)(d) hereof.

 

“Appraised
Value” means, with respect to a share of Common Stock and any other property, the fair value of such other property,
as determined by an appraisal performed at the expense of the Company by an Approved Appraiser, and whose determination will be
final and binding on the Company and the Registered Holder; provided, that such Approved Appraiser shall be directed to
determine the value of such securities or other property as soon as practicable, but in no event later than thirty (30) days from
the date of its selection, and for such purposes, such valuation shall be without discount for limitations on voting rights, minority
interests, illiquidity or restrictions on transfer and all rights, options and warrants to subscribe for or purchase, and other
securities convertible into or exchangeable for, Common Stock shall be deemed to be exercised, exchanged.

 

“Approved
Appraiser” shall mean a mutually acceptable investment banking or valuation firm, as determined by the Company and the
Registered Holders holding Warrants exercisable for at least a majority of the Exercise Shares issuable upon the exercise of all
then outstanding Warrants.

 

“Assignment”
shall have the meaning set forth in Section 1A(i)(c) hereof.

 

“Board”
shall mean the Company’s Board of Directors.

 

“Business
Day” shall have the meaning ascribed to such term in the Credit Agreement.

 

“Charter”
shall mean the Company’s Certificate of Incorporation as filed with the Secretary of State of the State of Delaware, as the
same may be from time to time amended.

 

“Closing Date”
shall have the meaning ascribed to such term in the Credit Agreement.

 

“Common Stock”
shall mean the common voting stock described in Article Fourth of the Charter, together with any capital stock into which such
common voting stock shall have been converted, exchanged or reclassified following the date hereof.

 

“Company”
shall have the meaning set forth in the preamble to this Warrant.

 

    	- 10 -

    	 

    

 

“Credit Agreement”
shall mean the Credit Agreement dated as of July 30, 2014, among the Company, as Borrower, SWK, as Agent, Sole Lead Arranger and
Sole Bookrunner, and the financial institutions party hereto from time to time, as Lenders, as amended by that certain First Amendment
to Credit Agreement between the parties dated as of February ___, 2015.

 

“Date of Issuance”
shall have the meaning set forth in Section 7 hereof.

 

“Exchangeable
Property” shall have the meaning set forth in Section 2B hereof.

 

“Exercise
Agreement” shall have the meaning set forth in Section 1B hereof.

 

“Exercise
Period” shall have the meaning set forth in Section 1A hereof.

 

“Exercise
Price” shall have the meaning set forth in the preamble to this Warrant.

 

“Exercise
Shares” shall have the meaning set forth in the preamble to this Warrant.

 

“Exercise
Time” shall have the meaning set forth in Section 1A(i) hereof.

 

“Expiration
Date” means [___________]4.

 

“Fair Market
Value” means, (a) with respect to a share of Common Stock, (i) if determined in connection with a Sale of the
Company Transaction, the amount payable in respect of one share of Common Stock upon consummation thereof, (ii) otherwise,
if available, the Market Price thereof, and (iii) otherwise, if Market Price is not available, the Appraised Value thereof
and (b) with respect to any other property, (i) the fair value thereof determined jointly by the Company and the Registered
Holder, and (ii) if such parties are unable to reach agreement within ten (10) days, the Appraised Value thereof.

 

“Market Price”
means (A) if at any time the Common Stock is listed on any securities exchange or quoted in the NASDAQ System or the over-the-counter
market, the average of the closing prices of such security’s sales on all securities exchanges on which such security may
at the time be listed, or, if there have been no sales on any such exchange on any day, the average of the highest bid and lowest
asked prices on all such exchanges at the end of each day, or, if on any day such security is not so listed, the average of the
representative bid and asked prices quoted in the NASDAQ System as of 4:00 P.M., New York time, or, if on any day such security
is not quoted in the NASDAQ System, the average of the highest bid and lowest asked prices on such day in the domestic over-the-counter
market as reported by the National Quotation Bureau, Incorporated, or any similar successor organization, in each such case averaged
over a period of thirty (30) days consisting of the day as of which “Market Price” is being determined and the twenty-nine
(29) consecutive Business Days prior to such day, or (B) if at any time such security is not listed on any securities exchange
or quoted in the NASDAQ System or the over-the-counter market, the fair value thereof determined jointly by the Company and the
Registered Holder (and if such parties are unable to reach agreement within ten (10) days, then the Market Price shall be deemed
not to be available).

 

 

 

4
The Expiration Date shall be date six years after the Subsequent Closing Date.

 

    	- 11 -

    	 

    

 

“Net Issue
Exercise” shall have the meaning set forth in Section 1A(i)(d) hereof.

 

“Offer Notice”
shall have the meaning set forth in Section 5 hereof.

 

“Organic Change”
shall have the meaning set forth in Section 2B hereof.

 

“Person”
shall have the meaning ascribed to such term in the Credit Agreement.

 

“Public Offering”
shall mean a registered “public offering” of the Company’s Common Stock or other equity under the Securities
Act.

 

“Purchaser”
shall have the meaning set forth in Section 1A(i)(a) hereof.

 

“Purchase
Rights” shall have the meaning set forth in Section 5 hereof.

 

“Registered
Holder” shall have the meaning set forth in the preamble to this Warrant.

 

“Sale of the
Company Transaction” shall mean any transaction in which the Company’s shareholders immediately prior to such transaction
(or series of related transactions) no longer hold at least a majority of the Company’s Common Stock after the consummation
of such transaction.

 

“Securities
Act” means the Securities Act of 1933, as amended, or any similar federal statute, and the rules and regulations promulgated
thereunder as in effect at the relevant time.

 

“Stock Equivalent”
means any security, option, warrant, right or claim exercisable into, exchangeable for, convertible to or redeemable for shares
of Common Stock or the economic equivalent value of shares of Common Stock (including, by way of illustration, preferred stock
and stock appreciation rights), provided however, that the term Stock Equivalent shall not include any award granted pursuant to
an equity incentive plan duly adopted by the Board of Directors of the Company, whether such award was granted before, or is granted
after, the Date of Issuance, or any options, warrants or convertible securities, or shares of capital stock issued upon the exercise
or conversion of any such options, warrants or convertible securities, that are outstanding prior to the Date of Issuance.

 

“SWK”
shall have the meaning set forth in the preamble to this Warrant.

 

“Warrants”
shall mean this Warrant and all warrants issued upon replacement or transfer of this Warrant in accordance with the terms of this
Warrant and all warrants issued upon exchange for different denominations hereof in accordance with the terms of this Warrant.

 

*          *          *          *          *

 

    	- 12 -

    	 

    

 

IN WITNESS WHEREOF,
the Company has caused this Warrant to be signed and attested by its duly authorized officer under its corporate seal and to be
dated the Date of Issuance hereof.

 

	 	RESPONSE GENETICS, INC.
	 	 	 
	 	By:	 
	 	Name: 	Thomas A. Bologna
	 	Title:	Chief Executive Officer

 

    	[SIGNATURE PAGE TO WARRANT]

    	 

    

 

Acknowledged, accepted and agreed,

 

SWK funding llc

 

 

 

	By: 	 	 	 
	 	Name: 	Winston Black	 
	 	Title:	Managing Director	 

 

    	[SIGNATURE PAGE TO WARRANT]

    	 

    

 

EXHIBIT I

 

EXERCISE AGREEMENT

 

 

To:

 

 

Dated:

 

The undersigned, pursuant
to the provisions set forth in the attached Warrant (Certificate No. ____), hereby agrees to subscribe for the purchase of           
shares of the Common Stock covered by such Warrant and makes payment herewith in full therefor at the price per share provided
by such Warrant. This subscription shall be effective on the date the Company has received this Exercise Agreement and the other
items required under Section 1A(i) of the Warrant.

 

 

 

 

 

 ̈Check
Box for Net Issue Exercise

 

 

 

 

 

 

 

 

	 	Signature 	 
	 	 	 
	 	Address	 

  

    	EXHIBIT I TO WARRANT

    	 

    

 

EXHIBIT II

 

ASSIGNMENT

 

FOR VALUE RECEIVED,
____________________ hereby sells, assigns, and transfers all of the rights of the undersigned under the attached Warrant (Certificate
No. ____) with respect to the number of shares of the Common Stock covered thereby set forth below, unto:

 

 

 

	Names of Assignee	Address	No. of Shares
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

	 	Signature 	 
	 	 	Name: 	 
	 	 	Title:	 

  

    	EXHIBIT II TO WARRANT

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