Document:

Inter-Creditor Agreement

 Exhibit 10.37 
 INTER-CREDITOR AGREEMENT 
 CANCER GENETICS, INC. 

This inter-creditor agreement (this “Agreement”) is made as of this 13th day of February, 2012 between Cancer Genetics, Inc., a
Delaware corporation (the “Borrower”), John Pappajohn (“Pappajohn”), DAM Holdings, LLC, a Wisconsin limited liability company (“DAM”), Pecora and Company (“Pecora”), NNJCA Capital, LLC (“NNJCA”) and
Equity Dynamics, Inc., as agent (“EDI”). 
 RECITALS 

WHEREAS, the Borrower and Wells Fargo Bank, N.A. (the “Bank”) are parties to that certain credit agreement, dated
April 29, 2008 (such agreement, together with the ancillary documents thereto governing the extension of credit from the Bank to the Borrower, including the revolving note and the documents governing Pappajohn’s guarantee of the repayment
of the indebtedness issued thereunder, all as amended or supplemented from time to time, are collectively referred to herein as the “Bank Credit Agreements”), establishing a Six Million Dollar ($6,000,000) revolving credit facility;

 WHEREAS, to secure the repayment of the Borrower’s indebtedness under the Bank Credit Agreements and the performance of
the Borrower’s other obligations thereunder, the Borrower granted to the Bank a security interest in, and certain rights with respect to, substantially all of the Borrower’s assets, as more fully set forth in the Bank Credit Agreements
(the “Bank Security Interests”); 
 WHEREAS, Pappajohn guaranties the repayment of the indebtedness of the Borrower
under the Bank Credit Agreements on the terms and conditions set forth in the Bank Credit Agreements; 
 WHEREAS, the Bank
granted Pappajohn certain subrogation rights with respect to the rights of the Bank under the Bank Credit Agreements, including with respect to the Bank Security Interests, to the extent that Pappajohn pays in full the Borrower’s indebtedness
under the Bank Credit Agreements pursuant to his guarantee thereof; 

 WHEREAS, the Borrower obtained from DAM, and DAM provided to the Borrower, additional
financing in an amount of Three Million Dollars ($3,000,000) pursuant to a line of credit on the terms and conditions set forth in a credit agreement, promissory note and related documents dated March 23, 2011 between the Borrower and DAM (such
agreements are collectively referred to herein as the “DAM Credit Agreements”); 
 WHEREAS, to secure the repayment of
the Borrower’s indebtedness under the DAM Credit Agreements and the performance of the Borrower’s other obligations thereunder, the Borrower provided to DAM a security interest in, and certain rights with respect to, substantially all of
the Borrower’s assets (the “DAM Security Interests”), as more fully set forth in the DAM Credit Agreements, which interest and rights are junior in priority, operation and effect, in all respects, to the Bank Security Interests; and

 WHEREAS, the Borrower wishes to obtain from NNJCA, Pecora and Pappajohn, and NNJCA, Pecora and Pappajohn have agreed, as
co-lenders, to provide to the Borrower, additional financing in an amount of Six Million Dollars ($6,000,000) pursuant the terms and conditions set forth in an amended and restated credit agreement, promissory note and related documents amended and
restated on or about the date hereof between the Borrower, NNJCA, Pecora and Pappajohn (such agreements are collectively referred to herein as the “NNJCA Credit Agreements”); 

WHEREAS, to secure the repayment of the Borrower’s indebtedness under the NNJCA Credit Agreements and the performance of the
Borrower’s other obligations thereunder, the Borrower has agreed to provide to EDI, as agent for Pappajohn, Pecora and NNJCA (the “NNJCA Lenders”), a security interest in, and certain rights with respect to, substantially all of the
Borrower’s assets (the “NNJCA Security Interests”), as more fully set forth in the NNJCA Credit Agreements, which interest and rights shall be junior in priority, operation and effect, in all respects, to the Bank Security Interests
and the DAM Security Interests; and 

  
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 WHEREAS, it is the desire of Pappajohn, DAM, NNJCA, Pecora, EDI and the Company to execute
this Agreement for the purpose of defining their respective rights under the Bank Credit Agreements, the DAM Credit Agreement, and the NNJCA Credit Agreements including with respect to the Borrower’s assets. 

NOW, THEREFORE in consideration of the mutual promises and agreements contained herein, the parties hereto agree as follows: 

1. Subordinate Rights under the NNJCA Credit Agreements. The parties hereto acknowledge that substantially all of the
Borrower’s assets are subject to the first priority Bank Security Interests under the Bank Credit Agreements, and a second priority security interest under the DAM Credits Agreements and the parties hereto agree that the NNJCA Security
Interests shall be junior in priority, operation and effect, in all respects, to the Bank Security Interests and the DAM Security Interests, notwithstanding (i) anything to the contrary contained in any agreement (including the Bank Credit
Agreements or DAM Credit Agreements) or filing to which EDI or the NNJCA Lenders may now or hereafter be a party, and regardless of the time, order or method of grant, attachment, recording or perfection of any financing statements or other security
interests, assignments, pledges, deeds, mortgages and other liens, charges or encumbrances or any defect or deficiency or alleged defect or deficiency in any of the foregoing, (ii) any provision of the Uniform Commercial Code or any applicable
law or any other circumstance whatsoever and (iii) the fact that any such Bank Security Interests or the DAM Security Interests, as the case may be are (x) subordinated to any other lien securing any obligation of any other person or
(y) otherwise subordinated, voided, avoided, invalidated or lapsed. NNJCA, Pecora and Pappajohn shall not object to or contest, or support any other person in contesting or objecting to, in any proceeding, the validity, extent, perfection,
priority or enforceability of the Bank Security Interests or the DAM Security Interests. NNJCA and Pappajohn shall not take, or cause to be taken, any 

  
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action the purpose of which is to make the NNJCA Security Interests pari passu with or senior to the Bank Security Interests or the DAM Security Interests. Notwithstanding any failure of the Bank
to perfect the Bank Security Interests or DAM to perfect the DAM Security Interests, or any avoidance, invalidation or subordination by any third party or court of competent jurisdiction of the Bank Security Interests or the DAM Security Interests,
the priority and rights as between the Bank, DAM, NNJCA, Pecora and Pappajohn with respect to the assets of the Borrower shall be as set forth herein. DAM consents to the NNJCA Credit Agreement and NNJCA Security Interests. 

2. Promise to pay; Initial Public Offering or Reverse Merger. The Borrower has promised to pay the full amount due under of the
Bank Credit Agreements and under the DAM Credit Agreements, and under the NNJCA Credit Agreements (except, if Pappajohn otherwise agrees, with respect to Pappajohn), with the proceeds of (i) an initial public offering of the Borrower’s
equity securities (an “IPO”) or (ii) a reverse merger, whereby the Borrower merges with a public shell company or a wholly-owned subsidiary thereof and shares of the public shell company are subsequently issued in a private placement
to finance the Borrower’s operations. In the event that NNJCA and Pecora have amounts due to them under the NNJCA Credit Agreements 30 days after consummation of an IPO under the terms of the NNJCA Credit Agreements, and the terms of the IPO do
not allow repayment of the full $9,000,000 of debt under the Bank Credit Agreements and the DAM Credit Agreements plus amounts due to them under the NNJCA Credits Agreements (or such lesser amount that is then outstanding under such agreements), the
parties hereto agree that the debt outstanding under the DAM Credit Agreements will be repaid first and the outstanding indebtedness under the NNJCA Credit Agreement will not be repaid unless and until the entire outstanding balance under the DAM
Credit Agreements is repaid in full. 
 3. Actions with respect to the Bank. In the event that the Bank attempts to
prevent or modify the manner in which payment is received, the Parties will undertake their best efforts to adjust the rights of payment between themselves to honor the priority outlined herein. 

  
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 4. Relationship between NNJCA, Pecora and Pappajohn. Following an Event of Default,
Pappajohn, Pecora and NNJCA agree that as between them, after all senior creditors have been paid in full, all security from the Borrower shall be applied first to the repayment of obligations due to NNJCA and Pecora, pari passu, and then after
NNJCA and Pecora have been repaid in full, to obligations due to Pappajohn. 
 5. Legal fees, costs, and expenses. The
Borrower agrees that it is ultimately responsible for all reasonable costs and expenses, including reasonable attorney’s fees, incurred by DAM, Pappajohn, Pecora or NNJCA with respect to the enforcement of the provisions of this Agreement, the
Bank Credit Agreements, DAM Credit Agreements, and the NNJCA Credit Agreements following any Event of Default as any such provisions apply to either of them, and all fees and other charges incurred by Pappajohn, Pecora and NNJCA related to any of
the foregoing. All such fees for which the Borrower is responsible will be paid to DAM, Pappajohn, Pecora and NNJCA promptly upon their respective demand for such payment. 
 6. Miscellaneous. This Agreement shall remain in full force and effect even if the underlying Bank Credit Agreements or the DAM Credit Agreements or NNJCA Credit Agreements, or other documents
executed between the Borrower and the Bank or the Borrower and DAM or the Borrower and NNJCA, are extended, modified, or changed in any way. It is the intent of the parties hereto that if additional financing is obtained by the Borrower pursuant to
essentially the same terms as the Bank Credit Agreements, the DAM Credit Agreements or the NNJCA Credit Agreements, this Agreement shall remain in full force and effect. 
 This Agreement may be modified only by written agreement of each party hereto and cannot be assigned without the express written permission of the other parties hereto. 

Words and phrases contained in this agreement shall be construed as singular or plural in number and in the masculine, feminine or
neutered gender according to the context in which such words and phrases appear. 

  
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 This Agreement shall be construed under the laws of the State of Delaware. 

If for any reason any provision of this Agreement shall be inoperative, the validity and effect of other provisions shall not be affected
thereby. 
 This Agreement may be executed in one or more identical counterparts which when executed by all parties hereto shall
constitute one and the same agreement. 
 This Agreement contains the entire agreement of the parties hereto with respect to the
subject matter hereof, integrates all terms and conditions mentioned and are incidental to this Agreement and supersedes all prior negotiations and writings and any other previous understanding regarding the parity between the parties to this
Agreement; provided however, that nothing in this Agreement shall supersede or amend that certain Inter-Creditor Agreement between Borrower, Pappajohn and DAM dated on or about March 23, 2011. 

(signature page to follow) 

  
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 IN WITNESS WHEREOF, each party has executed, or caused to be executed by a duly
authorized individual, this Agreement as of the date first set forth above. 
  

			
	DAM Holdings, LLC
		
	By:	 	 /s/ Matthew Bluhm

	Name: Matthew Bluhm
	Title: President
	
	Cancer Genetics, Inc., Borrower
		
	By:	 	 /s/ Panna Sharma

	Name: Panna Sharma
	Title: President & CEO
	
	NNJCA Capital, LLC
		
	By:	 	 /s/ Andrew Pecora

	Name: Andrew Pecora
	Title: President
	
	 /s/ John Pappajohn

	John Pappajohn
	Pecora and Company
	By:	 	 /s/ Andrew Pecora

	Andrew Pecora
	
	Equity Dynamics, Inc., as agent
		
	By:	 	 /s/ John Pappajohn

	Name: John Pappajohn
	Title:

  
 Signature Page
to Inter-Creditor AgreementSeventh Addendum to Credit Agreement

 Exhibit 10.38 
 SEVENTH ADDENDUM 
 TO 

CREDIT AGREEMENT 
 This Seventh Addendum to Credit Agreement (“Seventh Addendum”) is made this 15th day of February, 2012, between Wells Fargo Bank, National Association (“Bank”) and Cancer Genetics, Inc.
(“Borrower”). 
 RECITALS: 
  

	A.	The Bank and the Borrower entered into a Credit Agreement, dated April 29, 2008 (the “Credit Agreement”), as amended by a First Addendum to Credit
Agreement dated July 7, 2008; a Second Addendum to Credit Agreement dated March 30, 2009; a Third Addendum to Credit Agreement dated July 2, 2009; a Fourth Addendum to Credit Agreement dated October 21, 2009; a Fifth Addendum to
Credit Agreement dated July 29, 2010; and a Sixth Addendum to Credit Agreement dated June 6, 2011. Borrowings under the Credit Agreement are currently evidenced by a $6,000,000.00 revolving line of credit note, dated June 6, 2011
(“Revolving Note”). 

  

	B.	As of February 15, 2012, there is owed on the Revolving Note the principal amount of Six Million Dollars ($6,000,000.00) plus accrued, unpaid interest.

  

	C.	The Borrower has requested that the Bank extend the Line Availability Period to July 31, 2013. 

 

	D.	The Bank and the Borrower wish to amend the Credit Agreement pursuant to the terms of this Seventh Addendum. 

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein it is agreed: 

 

	1.	All terms not otherwise defined in this Seventh Addendum shall have the meaning given to such term in the Credit Agreement, as amended. The recital paragraphs are
hereby incorporated as though fully set forth in this Seventh Addendum. 

  

	2.	Notwithstanding the execution of the Credit Agreement or any addendum thereto, or the delivery of all documents in furtherance thereof, the obligation of the Bank to
make any advance on the Line and this Seventh Addendum becoming effective shall be subject to the timely satisfaction of the following conditions precedent: 

 

	 	a)	No event of default or event which will mature into an event of default, shall have occurred and be continuing. 

 

	 	b)	The representations and warranties of the Borrower contained in the Documents shall be true and correct as of the date of any advance on the Line.

  

	 	c)	The Borrower shall have delivered to the Bank copies, duly certified as of the date of this Seventh Addendum by the Borrower’s secretary of (i) the
resolutions of Borrower’s board of directors authorizing the execution and delivery of this Seventh Addendum and the Documents required by this Seventh Addendum, (ii) all documents evidencing other necessary Borrower action, and
(iii) all approvals or consents required, if any, with respect to the Documents. 

  
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	 	d)	The Borrower shall have delivered to the Bank a certificate of its secretary certifying the name(s) of the person(s) authorized to sign this Seventh Addendum and the
Documents, and all other documents and certificates of the Borrower to be delivered hereunder, together with the true signatures of such person(s). 

  

	 	e)	The Borrower shall have delivered the Documents and the agreements listed below, each of which shall be in a form and content satisfactory to the Bank, executed by the
parties specified therein, and all other documents, certificates, opinions and statements requested by the Bank: 

  

	 	i.	This Seventh Addendum; and 

  

	 	ii.	The Modification Agreement attached hereto as Exhibit “A”. 

  

	 	f)	The Bank shall have received from John Pappajohn the Consent to Seventh Addendum to Credit Agreement and Ratification of Guaranty attached hereto as Exhibit
“B” (“Pappajohn Consent”). 

  

	 	g)	The Borrower shall have reimbursed the Bank for all expenses incurred by it in connection with this Seventh Addendum, including but not limited to, attorney’s
fees. 

  

	3.	Section 1.2 (Line Availability Period) of the Credit Agreement is hereby deleted and the following new Section 1.2 is substituted in lieu thereof:

  

	 	1.2	Line Availability Period. The “Line Availability Period” will mean the period of time from the Effective Date or the date on which all conditions
precedent described in this Agreement have been met, whichever is earlier, through and including the earlier of July 31, 2013 (the “Line Expiration Date”). 

 

	4.	The Borrower does hereby release and forever discharge Wells Fargo Bank, National Association, Wells Fargo & Company, and their respective affiliates and
their officers, directors, attorneys, agents, employees, successors and assigns from all causes of action, suits, claims and demands of every kind and character, liquidated or unliquidated, fixed, contingent, direct or indirect without limit,
including any action in law or equity, which the Borrower now has or may ever have had against them, if the circumstances giving rise to such causes of action, suits, claims and demands arose prior to the date of this Seventh Addendum.

  

	5.	Except as modified by this Seventh Addendum, all the terms and conditions of the Credit Agreement, as amended, shall remain in full force and effect.

  

	6.	This Seventh Addendum may be executed in one or more identical counterparts, which, when executed by all parties, shall constitute one and the same agreement.

  

	7.	The Credit Agreement, as amended, embodies the entire agreement and understanding between the Borrower and the Bank with respect to the subject matter thereof and
supersedes all prior agreements and understandings among such parties with respect to the subject matters thereof. 

  
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 IMPORTANT: READ BEFORE SIGNING. THE TERMS OF THIS AGREEMENT SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE
TERMS IN WRITING ARE ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED IN THIS WRITTEN CONTRACT MAY BE LEGALLY ENFORCED. YOU MAY CHANGE THE TERMS OF THIS AGREEMENT ONLY BY ANOTHER WRITTEN AGREEMENT. THIS NOTICE ALSO APPLIES TO ANY OTHER
CREDIT AGREEMENTS (EXCEPT CONSUMER LOANS OR OTHER EXEMPT TRANSACTIONS) NOW IN EFFECT BETWEEN YOU AND THIS LENDER. 
 THE BORROWER HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES THE RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT AND ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN
CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS, WHETHER VERBAL OR WRITTEN, OR ACTIONS OF EITHER PARTY. 
 IN WITNESS WHEREOF, the parties have executed this Seventh Addendum as of the day and year first above written. 
  

			
	BANK:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By	 	/s/ Rebecca Gibson
		 	Rebecca Gibson, Vice President
	
	BORROWER:
	
	CANCER GENETICS, INC.
		
	By:	 	/s/ Panna Sharma
		 	Panna Sharma, President & CEO

  
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 Modification Agreement (Commercial). 
 Loan number 1358466271 
 Modification Agreement dated February 15, 2012 , by and
between Cancer Genetics, Inc. (“Borrower”) and Wells Fargo Bank, National Association, (“Bank”), modifying a note dated June 6, 2011, in the original principal amount of $6,000,000.00 (“Note”). The principal
balance outstanding as of the date of this Modification Agreement is $56,000,000.00. 
  

	1.	The parties hereby agree to modify the Note as follows: 

 EXTENSION OF MATURITY. Upon payment of accrued interest herewith of $0.00 

The maturity date of the Note is hereby extended to July 31, 2013, at which time the entire balance of unpaid principal and interest
shall be due and payable in full. Prior to such date, Borrower shall make payments pursuant to the terms of the Note. 
  

	2.	Except as stated above, all other terms of the Note and all related documents including but not limited to contracts, security agreements, or mortgages shall remain
unchanged and in full force and effect. 

 IMPORTANT: READ BEFORE SIGNING THE AGREEMENT(S) ACCOMPANYING THIS NOTICE. THE TERMS
OF THE AGREEMENT(S) SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING ARE ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED IN THE WRITTEN CONTRACT(S) MAY BE LEGALLY ENFORCED. YOU MAY CHANGE THE TERMS OF THE AGREEMENT(S) ONLY BY
ANOTHER WRITTEN AGREEMENT. THIS NOTICE ALSO APPLIES TO ANY OTHER CREDIT AGREEMENTS (EXCEPT CONSUMER LOANS OR OTHER EXEMPT TRANSACTIONS) NOW IN EFFECT BETWEEN YOU AND THIS LENDER. 
 BORROWER ACKNOWLEDGES RECEIPT OF A COPY OF THIS MODIFICATION AGREEMENT. 
  

									
	Bank: Wells Fargo Bank, National Association	 		 	Borrower: Cancer Genetics, Inc.
					
	By:	 	/s/ Rebecca Gibson	 		 	By:	 	/s/ Panna Sharma
		 	Rebecca Gibson, Vice President	 		 		 	Panna Sharma, President & CEO

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