Document:

EXHIBIT 4.2

 

SUBSCRIPTION AND INFORMATION AGENT AGREEMENT

 

This Subscription and
Information Agent Agreement (the “Agreement”) is entered into as of this 31st day of May, 2013, by and
between Accelerate Diagnostics, Inc., a Delaware corporation (the “Corporation”), and Broadridge Corporate
Issuer Solutions, Inc., a corporation having its principal offices in Philadelphia, Pennsylvania (“Broadridge”).

 

WHEREAS, pursuant
to a public rights offering (the “Rights Offering”), the record and beneficial holders of the Corporation’s
common stock, par value $0.001 per share (the “Common Stock”), will be given the right (the “Subscription
Rights”) to subscribe for an aggregate of up to approximately 4,000,000 shares of Common Stock, in each case as more
fully set forth in a prospectus and related offering documents (the “Offering Documents”) to be prepared
by the Corporation and filed with the Securities and Exchange Commission for the purpose of effecting the Rights Offering; and

 

WHEREAS, the
Corporation has authorized and directed the Agent (as defined below) to hold funds submitted by stockholders who exercise Subscription
Rights (the “Subscription Funds”) in accordance with the terms and provisions of this Agreement; and

 

WHEREAS, upon
the terms and conditions set forth in the applicable Offering Documents, the Agent will record properly exercised Subscription
Rights from holders of the Common Stock on the Record Date (as defined in the applicable Offering Documents), as well as record
and deposit the Subscription Funds for the purchase of the shares of Common Stock pursuant to the Rights Offering; and

 

WHEREAS, the
Corporation desires that Broadridge act as both Subscription Agent and Information Agent under the Rights Offering (the “Agent”),
and Broadridge has indicated its willingness to do so.

 

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

 

1.  Appointment of
Subscription and Information Agent. The Corporation hereby confirms the appointment of Broadridge as Agent, and Broadridge
hereby agrees to serve as Agent, upon the terms and conditions set forth herein.

 

2.  Acceptance and
Receipt of Subscription Documents.

 

A. After
receiving from the Corporation acknowledgement of the commencement of the Rights Offering, the Agent shall promptly mail to each
holder of Common Stock as of the Record Date (a) the appropriate Offering Documents as approved by the Corporation (which
shall specify that the exercise of Subscription Rights shall be effected, and risk of loss of Subscription Funds shall pass, only
upon receipt by the Agent of the properly completed Subscription Certificate (as defined in the Offering Documents) and Subscription
Funds required to effect the exercise of Subscription Rights under the Rights Offering) and (b) an envelope addressed to the
Agent for use by such holder in exercising his or her Subscription Rights (the “Mailing”).

 

B. The
Agent, upon receipt of Subscription Funds and duly, completely and correctly executed Subscription Certificates and other documents
for the exercise of Subscription Rights, shall make note of such Subscriptions and Subscription Funds with respect of the amount
of shares subscribed for. Upon closing of the Rights Offering and as promptly as feasible upon the Agent’s receipt of the
Corporation’s acceptance and approval of said Subscription Certificates, (i) the Corporation will authorize the Agent to
no longer accept any subscription documents and to prepare the final subscription list, representing the number of shares of Common
Stock for which said stockholder has subscribed, for the issuance of stock certificates by Broadridge in its capacity as the Corporation’s
transfer agent (the “Certificates”), and (ii) the Agent will release to the Corporation the aggregate
Subscription Funds minus any fees and expense reimbursements (incurred or reserved for disbursements) due to the Agent from the
Corporation (sections (i) and (ii) directly preceding constituting the “Closing”). No interest on the
Subscription Funds will accrue to either the Corporation or the Corporation’s stockholders.

 

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3. Notification
and Processing. The Agent is hereby authorized and directed to, and hereby agrees to perform certain functions, including but
not limited to the following:

 

A. Accept
and respond to all telephone requests from stockholders for information relative to the exercise of Subscription Rights (except
that Agent will not answer questions relating to the sufficiency of the consideration or the tax implications of the Rights Offering);
answer questions regarding the proper method of exercising Subscription Rights, including the completion of Subscription Certificates
and other documents related to the Rights Offering; maintain a toll-free number to respond to inquiries; provide assistance to
holders of Common Stock and monitor the response to the Rights Offering; enclose and re-mail the Subscriptions to interested holders
of Common Stock; and provide periodic reports as requested to the Corporation as to the status of the Rights Offering.

 

B. Date
stamp each document relating to its duties hereunder when received.

 

C. Receive
and examine all documents submitted to it in connection with the exercise of rights under the Rights Offering for proper execution
in accordance with the terms thereof. If Common Stock applicable to a subscription is held by more than one record holder, the
applicable Offering Documents must be signed by each such holder; if a holder or joint holders (registrants) hold more than one
position in the Corporation, as indicated by different accounts on the relevant record holder list, then separate, properly completed
and executed subscriptions must be submitted for each such position held by that or those joint holders (registrants).

 

D. Retain
or return to any holders (as applicable) those Offering Documents evidencing some deficiency in execution and make reasonable attempts
to inform such holders of the need to correct any such deficiency. In any instance where the Agent cannot reconcile such deficiencies,
the Agent shall consult with the Corporation for instructions as to whether the Agent may accept such exercise of Subscription
Rights. In the absence of such instructions by Corporation in writing or email within twenty-four (24) hours after Agent first
requests such instructions, Agent is authorized not to accept such exercise of Subscription Rights and shall notify the exercising
stockholder that its exercise is deficient.

 

E. Accept
Subscription Certificates and other documents signed by persons acting in a fiduciary or representative capacity only if such capacity
is properly shown on the subscriptions and proper evidence of their authority so to act has been submitted.

 

F. Accept
subscriptions for Common Stock to be issued other than in the name that appears on the Corporation record stockholder list submitted
for such subscription, where (i) the signature thereon is guaranteed by a financial institution which is a participant in
the Securities Transfer Agents Medallion Program (“STAMP”), the New York Stock Exchange, Inc. Medallion
Signature Program (“MSP”), or The Stock Exchanges Medallion Program (“SEMP”),
(ii) any necessary stock transfer taxes are paid and proof of such payment is submitted or funds therefore are provided to
the Agent, or it is established by the holder that no such taxes are due and payable and (iii) the “Special Issuance
Instructions” on the Subscription Certificate have been properly completed.

 

G. Retain
all subscriptions accepted and retain such documents pending further instructions from the Corporation.

 

H. Return
at the Corporation’s request any and all necessary records, information and material concerning and representing unsubscribed
Common Stock under the Rights Offering.

 

I. Maintain
on a continuing basis a list of holders of Common Stock that have not yet subscribed pursuant to the Rights Offering.

 

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4. Concerning the
Subscription and Information Agent.

 

The Agent:

 

A. Shall
have no duties or obligations other than those set forth herein, including those described under “Included Services”
on Exhibit A, and no duties or obligations shall be inferred or implied, nor shall Agent be obligated nor expected to perform
those services described under “Non-Included Services” on Exhibit A.

 

B. May
rely on, and shall be held harmless by, the Corporation in acting upon any certificate, statement, instrument, opinion, notice,
letter, facsimile transmission, telegram electronic mail or other document, or any security delivered to it, and reasonably believed
by it to be genuine and to have been made or signed by the proper party or parties.

 

C. May
rely on and shall be held harmless by the Corporation in acting upon written or oral instructions from the Corporation with respect
to any matter relating to its acting as Agent.

 

D. May
consult on documents with counsel satisfactory to it (including counsel for the Corporation) and shall be held harmless by the
Corporation in relying on the advice or opinion of such counsel in respect of any action taken, suffered or omitted by it hereunder
in good faith and in accordance with such advice or opinion of such counsel.

 

E. Shall
make the final determination as to whether or not a Subscription Certificate received by Agent is duly, completely and correctly
executed in order to qualify for the Rights Offering and Agent shall be held harmless by the Corporation in respect of any action
taken, suffered or omitted by Agent hereunder in good faith and in accordance with its determination; shall not be obligated to
take any legal or other action hereunder which might, in its judgment subject or expose it to any expense or liability unless it
shall have been furnished with an indemnity satisfactory to it.

 

F. Shall
not be liable or responsible for any recital or statement contained in any Offering Document or any other documents relating thereto.

 

G. Shall
not be liable or responsible for any failure of the Corporation to comply with any of its obligations relating to the Offering,
including without limitation obligations under applicable regulation or law.

 

This Agreement does
not contemplate any service to be provided by Agent in the case where the conditions of the Rights Offering have not been met in
a timely manner. If necessary, service to be provided by Agent under such circumstances and remuneration to Agent therefore, will
be established in a mutual agreement between Agent and the Corporation, which will become a part of this Agreement.

 

No later than the business
day after the Mailing, the Corporation will provide Agent with a list of talking points dealing with anticipated questions from
holders of Common Stock. It is understood and agreed that Agent will not provide tax advice, will not interpret tax regulations,
will not opine regarding the merits of the Rights Offering, and will not provide any comments related to any legal proceedings
related to the Corporation.

 

5. Compensation
of the Agent by the Corporation. The Corporation shall pay fees for the services rendered hereunder, as set forth in the Fee
Schedule (attached hereto as Exhibit A). The Agent shall also be entitled to reimbursement from the Corporation for all
reasonable and necessary expenses paid or incurred by it in connection with the administration by the Agent of its duties hereunder.
One half of the total Agent fees (not including postage) must be paid upon execution of this Agreement. The remaining half must
be paid within fifteen (15) business days thereafter. An invoice for any out-of-pocket and/or per item fees incurred will be rendered
to the Corporation and payable by the Corporation within fifteen (15) days of the date of said invoice, except for invoiced estimated
postage, printing and mailing expenses, which funds must be received five (5) business days prior to the scheduled Mailing date.
It is understood and agreed that all responsibilities and duties of, and services to be performed by, Agent shall cease if full
payment for its services has not been received in accordance with the above schedule, and said services will not commence thereafter
until all payment due has been received by Agent.

 

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6. Reminder Mailings.
The Corporation agrees that any follow up mailing program will be coordinated exclusively through Agent, either by Agent or using
a vendor that Agent has previously approved. Agent may conduct follow up mailings through electronic mail, to the extent the email
address of the intended recipient Stockholder has been provided by Corporation to Agent.

 

7. Performance.
The Agent shall at all times act in good faith and agrees to use its commercially reasonable efforts within reasonable time limits
to insure the accuracy and timeliness of all services performed under this Agreement.

 

8. Indemnification,
Limitation of Liability.

 

A. The
Corporation covenants and agrees to indemnify and to hold the Agent harmless against any claims, actions, judgments, liabilities,
costs, expenses (including reasonable fees of its legal counsel), losses or damages, which may be paid, incurred or suffered by
or to which it may become subject, arising from or out of its duties under this Agreement. Promptly after the receipt by the Agent
of notice of any demand or claim, or the commencement of any action, suit, proceeding or investigation, the Agent shall notify
the Corporation thereof in writing. The Corporation shall be entitled to participate at its own expense in the defense of any such
claim or proceeding, and, if it so elects at any time after receipt of such notice, it may assume the defense of any suit brought
to enforce any such claim or of any other legal action or proceeding. Agent will not, without the Corporation’s prior consent,
settle or compromise or consent to the entry of any judgment to any pending or threatened Action in respect of which indemnification
may be sought hereunder. For the purposes of this Section 8, the phrase “any costs, expenses (including reasonable fees
of its legal counsel), losses or damages” means any amount paid or payable to satisfy any claim, demand, action, suit or
proceeding settled, and all reasonable costs and expenses, including, but not limited to, reasonable counsel fees and disbursements,
paid or incurred in investigating or defending against any such action, suit, proceeding or investigation.

 

B. Agent’s
aggregate liability during any term of this Agreement with respect to, arising from, or arising in connection with this Agreement,
or from all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or otherwise, is
limited to, and shall not exceed, the amounts paid or payable hereunder by the Corporation to Agent as fees and charges, but not
including reimbursable expenses.

 

C. In
the event any question or dispute arises with respect to the proper interpretation of this Agreement or Agent’s duties hereunder
or the rights of the Corporation or of any Stockholders exercising Subscription Rights, Agent shall not be required to act and
shall not be held liable or responsible for refusing to act until the question or dispute has been judicially settled (and Agent
may, if it deems it advisable, but shall not be obligated to, file a suit in interpleader or for a declaratory judgment for such
purpose) by final judgment rendered by a court of competent jurisdiction, binding on all stockholders and parties interested in
the matter which is no longer subject to review or appeal, or settled by a written document in form and substance satisfactory
to Agent and executed by the Corporation and each such stockholder and party. In addition, Agent may require for such purpose,
but shall not be obligated to require, the execution of such written settlement by all the stockholders and all other parties that
may have an interest in the settlement.

 

9. Further Assurance.
From time-to-time and after the date hereof, the Corporation shall deliver or cause to be delivered to the Agent such further documents
and instruments and shall do and cause to be done such further acts as the Agent shall reasonably request (it being understood
that the Agent shall have no obligation to make any such request) to carry out more effectively the provisions and purposes of
this Agreement, to evidence compliance herewith or to assure itself that it is protected in acting hereunder.

 

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10. Term. The
Corporation may terminate this Agreement at any time by providing 60 days written notification to the Agent. The Agent may
terminate this Agreement by providing the Corporation 60 days’ written notice, except that Agent may terminate this
agreement at any time Corporation has not paid in full an invoice from the Agent within the time period described in Section 5
herein. Upon the effective date of termination of this Agreement, all cash and other payments, without interest, and all other
property then held by the Agent on behalf of the holders of Common Stock hereunder shall be delivered by it to such successor agent
or as otherwise shall be designated in writing by the parties hereto. Upon termination of this Agreement, all subscription documents
received and related documentation will be returned to the Corporation.

 

11. Notices.
Until further notice in writing by either party hereto to the other party, all written reports, notices and other communications
between the Agent and the Corporation required or permitted hereunder shall be delivered or mailed by first class mail, postage
prepaid, addressed as follows:

 

	If to the Corporation, to:	Accelerate Diagnostics, Inc.
	 	3950 S. Country Club Road, Suite 470
	 	Tucson, AZ 85714
	 	Attn:  Chief Financial Officer
	 	Fax:  (520) 269-6580
	 	 
	With a copy (which shall not constitute 	Snell & Wilmer L.L.P.
	notice to the Corporation) to:	One Arizona Center
	 	400 East Van Buren
	 	Phoenix, AZ 85004
	 	Attn:  Daniel M. Mahoney
	 	Fax:  (602) 382-6070
	 	 
	If to the Agent, to:	Broadridge Corporate Issuer Solutions, Inc.
	 	1717 Arch Street, Suite 1300
	 	Philadelphia, PA 19103
	 	Attn:  Re-Organization Department

 

12. Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania and shall inure
to the benefit of, and the obligations created hereby shall be binding upon, the successors and assigns of the parties hereto.

 

13. Assignment.

 

A. Except
as provided in Section 13(B) below, neither this Agreement nor any rights or obligations hereunder may be assigned by either
party without the written consent of the other party.

 

B. The
Agent may, without further consent on the part of the Corporation, subcontract with subcontractors for systems, processing, telephone
and mailing services, and reminder mailing activities, as may be required from time to time; provided, however, that the Agent
shall be fully responsible to the Corporation for the acts and omissions of any subcontractor.

 

C. Except
as explicitly stated elsewhere in this Agreement, nothing under this Agreement shall be construed to give any rights or benefits
in this Agreement to anyone other than the Agent and the Corporation and the duties and responsibilities undertaken pursuant to
this Agreement shall be for the sole and exclusive benefit of the Agent and the Corporation. This Agreement shall inure to the
benefit of and be binding upon the parties and their respective permitted successors and assigns.

 

14. Amendment.
This Agreement may not be modified, amended or supplemented without an express written agreement executed by each of the parties
hereto.

 

15. Counterparts.
This Agreement may be executed in separate counterparts, each of which, when executed and delivered, shall be an original, but
all such counterparts shall together constitute but one and the same instrument.

 

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16. No Joint Venture.
This Agreement does not constitute an agreement for a partnership or joint venture between the Agent and the Corporation. Neither
party shall make any commitments with third parties that are binding on the other party without the other party’s prior written
consent.

 

17. Force Majeure.
In the event either party is unable to perform its obligations under the terms of this Agreement because of acts of God, strikes,
equipment or transmission failure or damage that is reasonably beyond its control, or other cause that is reasonably beyond its
control (except, in the case of the Agent, for acts of subcontractors), such party shall not be liable for damages to the other
for any damages resulting from such failure to perform or otherwise from such causes. Performance under this Agreement shall resume
when the affected party or parties are able to perform substantially that party’s duties.

 

18. Consequential
Damages. Neither party to this Agreement shall be liable for any consequential, indirect, special or incidental damages under
any provision of this Agreement or for any consequential, indirect, penal, special or incidental damages arising out of any act
or failure to act hereunder even if that party has been advised of or has foreseen the possibility of such damages.

 

19. Severability.
If any provision of this Agreement shall be held invalid, unlawful, or unenforceable, the validity, legality, and enforceability
of the remaining provisions shall not in any way be affected or impaired.

 

20. Confidentiality.
The Agent and the Corporation agree that all books, records, information and data pertaining to the business of the other party
which are received pursuant to the negotiation or the carrying out of this Agreement, including the fees for services set forth
in the attached schedule, shall remain confidential and shall not be voluntarily disclosed to any other person (except the party’s
attorneys and advisors), except with the written approval of the other party or as may be required by law.

 

21. Survival.
The provisions of Sections 4, 5, 6, 8, 12, 13, 18, 21 and 22 shall survive any termination of this agreement.

 

22. Merger of Agreement.
This Agreement constitutes the entire agreement between the parties hereto and supersedes any prior agreement with respect to the
subject matter hereof whether oral or written.

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed by their respective officers, hereunto duly authorized, as of the
day and year first above written.

 

	
        BROADRIDGE CORPORATE ISSUER SOLUTIONS,

        INC.
	 	ACCELERATE DIAGNOSTICS, INC.
	 	 	 
	By:	/s/ John Dunn	 	By:	/s/ Steve Reichling
	Name:	John Dunn	 	Name:	Steve Reichling
	Title:	Senior Vice President	 	Title:	Chief Financial Officer

 

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Exhibit A

 

AGENT FEES AND INCLUDED SERVICES

 

Subscription and Information Agent Fee
of $7,500.00, plus $10.00 for each line item on Depository Trust Company’s ATOP forms submitted to Agent.

 

Plus reasonable out of pocket expenses,
including but not limited to, checks, stop check charges, printing costs, postage (at 1.1 times rate), wire transfers, excess material
disposal, overtime charges at 100% assessed in the event of late delivery of material for Mailing.

 

INCLUDED SERVICES

 

		·	Designating a corporate action account
manager to communicate with all parties hereto and their counsel to establish the terms, timing and procedures required to carry
out Subscription Agent duties, including document review and execution of legal agreements, Subscription Certificates and other
Rights Offering documents and communication materials, project management, and on-going project updates and reporting.

 

		·	Designating an Information Agent account
manager to review and become familiar with all Offer Documents and provide expert assistance to holders of Common Stock related
to matters concerning the Rights Offering.

 

		·	Preparing labels that include name, address
for the mailing of Offering Documents.

 

		·	Collating and assembling Offering Documents
and envelopes for mailing.

 

		·	Addressing and enclosing Offering Documents
and return envelopes, for one-time, one-day mailing to holders of Common Stock.

 

		·	Receiving, opening and logging in returned
Subscription Certificates.

 

		·	Checking Subscription Certificates for
validity against master list.

 

		·	Checking for proper execution of all of
Subscription Certificates and other documents necessary to effect a proper exercise of Subscription Rights, including W-9s (if
applicable).

 

		·	Curing defective subscriptions, including
telephoning and writing holders of Common Stock in connection with unsigned or improperly executed Subscription Certificates and
other Offering Documents.

 

		·	Soliciting by mail W-9s from holders of
Common Stock who have not executed them or whose TINs do not match our records.

 

		·	Tracking and reporting as required the
number of shares of Common Stock to which stockholders have subscribed.

 

		·	Sealing, addressing, posting (not including
postage), and providing envelopes for mailing to holders of Common Stock.

 

		·	Providing stockholder relations services
to all holders of Common Stock related to the Rights Offering, including phone, email, and regular mail inquiries. 

 

    	 

    	 

    

 

NON-INCLUDED SERVICES

 

		·	Services associated with new duties, legislation
or regulations which become effective after the date of this Agreement (these will be provided on an appraisal basis).

 

		·	Reasonable legal review fees if referred
to outside counsel. Broadridge agrees to consult with the Corporation prior to referring any work to outside counsel.

 

		·	Overtime charges at 100% assessed in the
event of late delivery of material for mailings, unless the target mail date is rescheduled.

 

		·	Post-Offer clean up.

 

		·	Dedicated Toll Free 800 Number.EXHIBIT 10.1

 

STANDBY PURCHASE AGREEMENT

 

This STANDBY PURCHASE
AGREEMENT (this “Agreement”) is made and entered into on May 31, 2013, by and between Abeja Ventures, LLC, a
Delaware limited liability company (the “Standby Purchaser”), and Accelerate Diagnostics, Inc., a Delaware corporation
(the “Company”).

 

RECITALS

 

WHEREAS, the Company
proposes to distribute, at no charge, to each holder of record of shares of common stock, par value $0.001 per share, of the Company
(the “Common Stock”) on a record date to be set by the Board of Directors of the Company (the “Record
Date”) non-transferable rights (the “Rights”) to subscribe for and purchase additional shares of Common
Stock (the “Rights Offering”);

 

WHEREAS, the Company
desires to raise a total of $20,000,000 in connection with the Rights Offering;

 

WHEREAS, in connection
with the Rights Offering, the Company’s stockholders of record as of the Record Date will receive a specified fractional
number of Rights for each share of Common Stock held as of the Record Date (i.e., for each one (1) share of Common Stock held as
of the Record Date, the stockholder will receive less than one (1) Right, with the actual fraction being determined by reference
to the total amount of the Rights Offering and the total number of shares of Common Stock to be offered in connection therewith);

 

WHEREAS, each whole
Right entitling the holder thereof to purchase one share of Common Stock at a specified price based on the market price of the
Common Stock as reported by the NASDAQ Capital Market on the latest practicable date prior to the launch of the Rights Offering
(the “Subscription Price”);

 

WHEREAS, each holder
of Rights who exercises in full his, her or its Rights in the Rights Offering (the “Basic Subscription Privilege”)
will be entitled to subscribe for additional shares of Common Stock to the extent they are available, at the Subscription Price
(the “Over-Subscription Privilege”); and

 

WHEREAS, in order to
facilitate the Rights Offering, the Company has offered to the Standby Purchaser the opportunity, and the Standby Purchaser has
agreed and committed, to purchase at the Subscription Price, subject to the terms and conditions of this Agreement, any shares
of Common Stock that are not exercised pursuant to the Basic Subscription Privilege or subscribed for pursuant to the Over-Subscription
Privilege in the Rights Offering (the “Unsubscribed Shares” and such offering, the “Standby Offering”).

 

AGREEMENT

 

NOW THEREFORE, in consideration
of the foregoing and the mutual covenants herein contained and other good and valuable consideration, the parties hereto agree
as follows:

 

Section 1.            Standby
Purchase Commitment.

 

(a)          Standby
Purchase Commitment. If and to the extent Unsubscribed Shares are not purchased by the Company’s stockholders pursuant
to the exercise of Rights (including both the Basic Subscription Privilege and the Over-Subscription Privilege) in connection with
the Rights Offering, the Standby Purchaser hereby agrees to purchase from the Company at the Subscription Price all such Unsubscribed
Shares, up to the full amount of shares of Common Stock offered by the Company in the Rights Offering (the “Commitment
Amount”). The Standby Purchaser (i) acknowledges that the precise Commitment Amount is yet to be determined based on
the Company’s pending determination of a Rights Offering amount within the range specified in the Recitals to this Agreement,
and (ii) affirms its agreement to the Commitment Amount provided that it is within such range.

 

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(b)          Allocation
of Unsubscribed Shares. Promptly following the expiration of the Rights Offering, the Company will determine the amount of
Unsubscribed Shares. Upon the Company’s determination of the number of Unsubscribed Shares, the Company promptly will notify
the Standby Purchaser in writing of the amount of Common Stock to be purchased by it, which amount may be less than the Commitment
Amount (the “Allocated Amount”).

 

(c)          Closing.
On the basis of the representations and warranties and subject to the terms and conditions herein set forth, the closing of the
purchase and sale of the Allocated Amount (the “Closing”) shall take place at the offices of the Company at
10:00 a.m., Arizona time, on the third business day following the closing of the Rights Offering, or such other place, time or
date as may be determined by the parties hereto (the “Closing Date”). At the Closing, the Company shall deliver
or cause to be delivered to the Standby Purchaser (or its designees) one or more certificates (or evidence of book-entry records)
representing the shares of Common Stock issued to the Standby Purchaser (or its designees, it being understood that the Standby
Purchaser shall be permitted to instruct the Company to have such shares directly issued to members of the Standby Purchaser in
such registered names and amounts as the Standby Purchaser may specify in writing) in respect of the Allocated Amount, and the
Standby Purchaser shall deliver (or cause to be delivered) to the Company, in cash or other immediately available funds, the aggregate
Subscription Price relating to such shares of Common Stock.

 

(d)          Withdrawal
and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights
Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering,
the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest
or other income, promptly thereafter.

 

Section 2.            Representations
and Warranties of the Standby Purchaser. The Standby Purchaser represents and warrants to the Company as follows:

 

(a)          Existence
and Good Standing; Authority. The Standby Purchaser is a limited liability company validly existing and in good standing under
the laws of the State of Delaware and has all requisite power and authority to carry on its business as now conducted.

 

(b)          Authorization
of Agreement; Enforceability. This Agreement has been duly and validly authorized, executed and delivered by the Standby Purchaser.
This Agreement is valid, binding and enforceable against the Standby Purchaser in accordance with its terms, subject, as to enforcement,
to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights
and to general equity principals.

 

(c)          Accredited
Investor. The Standby Purchaser is an “accredited investor” as that term is defined in Regulation D promulgated
under the Securities Act of 1933, as amended (the “Securities Act”).

 

(d)          Information;
Knowledge of Business. Through its members and affiliates, the Standby Purchaser is familiar with the business in which the
Company is engaged. The Standby Purchaser (through its members and affiliates) has knowledge and experience in financial and business
matters; is familiar with the investments of the type that it is undertaking to purchase; is fully aware of the problems and risks
involved in making an investment of this type; and is capable of evaluating the merits and risks of this investment. The Standby
Purchaser acknowledges that, prior to executing this Agreement, it (and each of its representatives) has had the opportunity to
ask questions of and receive answers or obtain additional information from a representative of the Company concerning the financial
and other affairs of the Company.

 

(e)          Availability
of Funds. The Standby Purchaser has available sufficient funds to pay the full Commitment Amount if needed.

 

(f)          Investment
Intent. The Standby Purchaser is acquiring its shares of Common Stock for its own account, with the intention of holding such
shares for investment and with no present intention of participating, directly or indirectly, in a distribution of the shares,
and the Standby Purchaser will not make any sale, transfer or other disposition of the shares for a period of six months from the
Closing Date (except for an in-kind distribution to its members on a pro rata basis in accordance with their ownership interests
in the Standby Purchaser, which shall be permitted).

 

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(g)          No
Manipulation or Stabilization of Price. The Standby Purchaser has not taken and will not take, directly or indirectly, any
action designed to or that would constitute or that might reasonably be expected to cause or result in, under the Exchange Act
or otherwise, stabilization or manipulation of the price of any security of the Company in order to facilitate the sale or resale
of any securities of the Company, and the Standby Purchaser is not aware of any such action taken or to be taken by any person.

 

Section 3.            Representations
and Warranties of the Company.

 

(a)          Existence
and Good Standing; Authority. The Company is a corporation validly existing and in good standing under the laws of the State
of Delaware and has all requisite corporate power and authority to carry on its business as now conducted.

 

(b)          Authorization
of Agreement; Enforceability. This Agreement has been duly and validly authorized, executed and delivered by the Company. This
Agreement is valid, binding and enforceable against the Company in accordance with its terms, subject, as to enforcement, to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general
equity principals.

 

(c)          Due
Authorization and Issuance of Shares. All of the shares of Common Stock to be issued pursuant to this Agreement will have been
duly authorized for issuance prior to the Closing, and, when issued and distributed as set forth in the prospectus to be filed
by the Company with the Securities and Exchange Commission (the “Commission”) in connection with the Rights
Offering (the “Prospectus”), will be validly issued, fully paid and non-assessable; and none of such shares
of Common Stock will have been issued in violation of the preemptive rights of any security holders of the Company arising as a
matter of law or under or pursuant to the Company’s Certificate of Incorporation, as amended, the Company’s Bylaws,
as amended, or any material agreement or instrument to which the Company is a party or by which it is bound.

 

(d)          No
Conflicts. The Company is not in violation of its Certificate of Incorporation, as amended, or Bylaws, as amended, or in default
under any agreement, indenture or instrument to which the Company is a party, the effect of which violation or default could reasonably
be expected to have a material adverse effect on the Company, and the execution, delivery and performance of this Agreement by
the Company and the consummation of the transactions contemplated hereby will not conflict with, or constitute a breach of, or
default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the assets of the Company
pursuant to the terms of any agreement, indenture or instrument to which the Company is a party which lien, charge or encumbrance
could reasonably be expected to have a material adverse effect on the Company, or result in a violation of the Certificate of Incorporation
or Bylaws of the Company or any order, rule or regulation of any court or governmental agency having jurisdiction over the Company
or any of its property; and, except as required by the Securities Act, the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), and applicable state securities laws, no consent, authorization or order of, or filing or registration with, any
court or governmental agency is required for the execution, delivery and performance of this Agreement.

 

Section 4.            Conditions
to Closing.

 

(a)          Conditions
to Both Parties’ Obligations. The obligations of the Company and the Standby Purchaser to consummate the transactions
contemplated hereunder in connection with the Standby Offering are subject to the fulfillment, prior to or on the Closing Date,
of the following conditions:

 

(i)          the
Rights Offering shall have been consummated in accordance with the terms and conditions described in the Prospectus; and

 

(ii)         no
judgment, injunction, decree, regulatory proceeding or other legal restraint shall prohibit, or have the effect of rendering unachievable,
the consummation of the Standby Offering or the transactions contemplated by this Agreement.

 

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(b)          Conditions
to Company’s Obligations. The obligations of the Company to consummate the transactions contemplated hereunder in connection
with the Standby Offering are subject to the fulfillment, prior to or on the Closing Date, of the following conditions:

 

(i)          the
representations and warranties of the Standby Purchaser in Section 2 shall be true and correct in all material respects
as of the date hereof and as of the Closing Date as if made as of such date; and

 

(ii)         the
Standby Purchaser shall have performed all of its obligations hereunder.

 

(c)          Conditions
to Standby Purchaser’s Obligations. The obligations of the Standby Purchaser to consummate the transactions contemplated
hereunder in connection with the Standby Offering are subject to the fulfillment, prior to or on the Closing Date, of the following
conditions:

 

(i)          the
representations and warranties of the Company in Section 3 shall be true and correct in all material respects as of the
date hereof and as of the Closing Date as if made as of such date; and

 

(ii)         the
Company shall have performed all of its obligations hereunder.

 

Section 5.            Survival.
The representations and warranties of the parties contained in this Agreement or in any certificate delivered hereunder shall survive
the Closing hereunder.

 

Section 6.            Covenants.

 

(a)          SEC
Filings. The Company agrees, as soon as reasonably practicable after the Company is advised or obtains knowledge thereof, to
advise the Standby Purchaser with a confirmation in writing, of (i) the time when any amendment or supplement to the Prospectus
has been filed, (ii) the issuance by the Commission of any stop order, or of the initiation or threatening of any proceeding, suspending
the effectiveness of the Registration Statement relating to the Rights Offering (the “Registration Statement”)
or any amendment thereto or any order preventing or suspending the use of any preliminary prospectus or the Prospectus or any amendment
or supplement thereto, (iii) the issuance by any state securities commission of any notice of any proceedings for the suspension
of the qualification of the shares of Common Stock for offering or sale in any jurisdiction or of the initiation, or the threatening,
of any proceeding for such purpose, (iv) the receipt of any comments from the Commission directed toward the Registration Statement
or any document incorporated therein by reference, and (v) any request by the Commission for any amendment to the Registration
Statement or any amendment or supplement to the Prospectus or for additional information. The Company shall use its commercially
reasonable efforts to prevent the issuance of any such order or the imposition of any such suspension and, if any such order is
issued or suspension is imposed, to obtain the withdrawal thereof as promptly as possible.

 

(b)          Information
About Standby Purchaser. The Standby Purchaser agrees to furnish to the Company all information with respect to the
Standby Purchaser that may be necessary or appropriate and will make any information furnished to the Company for the Prospectus
by the Standby Purchaser not contain any untrue statement of material fact or omit to state a material fact required to be stated
in the Prospectus or necessary in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading.

 

(c)          Public
Announcements. Neither the Company nor the Standby Purchaser shall issue any public announcement,
statement or other disclosure with respect to this Agreement or the transactions contemplated hereby without the prior consent
of the other party hereto, which consent shall not be unreasonably withheld or delayed, except if such public announcement, statement
or other disclosure is required by applicable law or applicable stock market regulations, in which case the disclosing party shall
consult in advance with respect to such disclosure with the other parties to the extent reasonably practicable.

 

(d)          NASDAQ
Listing. The Company shall cause the shares of Common Stock issued to the Standby Purchaser hereunder to be listed on the NASDAQ
Capital Market.

 

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Section 7.            Termination.

 

(a)          By
Standby Purchaser. The Standby Purchaser may terminate this Agreement (i) upon the occurrence of a suspension of trading in
the Common Stock by the NASDAQ Capital Market, any suspension of payments with respect to banks in the United States or a declaration
of war or national emergency in the United States, or (ii) if the Company materially breaches its obligations under this Agreement
and such breach is not cured within five business days following written notice to the Company.

 

(b)          By
Company. The Company may terminate this Agreement (i) in the event the Company, in its reasonable judgment, determines that
it is not in the best interests of the Company and its stockholders to proceed with the Rights Offering and/or the Standby Offering,
(ii) if consummation of the Rights Offering and/or the Standby Offering is prohibited by applicable law, rules or regulations,
or (iii) if the Standby Purchaser materially breaches its obligations under this Agreement and such breach is not cured within
five business days following written notice to the Standby Purchaser.

 

(c)          Other.
Either of the parties hereto may terminate this Agreement if the transactions contemplated hereby are not consummated by July 31,
2013 through no fault of the terminating party. In addition, this Agreement shall terminate upon the parties’ mutual consent.

 

(d)          Effect
of Termination. The Company and the Standby Purchaser hereby agree that any termination of this Agreement pursuant to this
Section 7 (other than termination by one party in the event of a breach of this Agreement by the other party or a misrepresentation
of any of the statements made hereby by the other party), shall be without liability to the Company or the Standby Purchaser.

 

Section 8.            Notices.
All notices, communications and deliveries required or permitted by this Agreement shall be made in writing signed by the party
making the same, shall specify the Section of this Agreement pursuant to which it is given or being made and shall be deemed given
or made (a) on the date delivered if delivered in person, (b) on the third (3rd) business day after it is mailed if mailed by registered
or certified mail (return receipt requested) (with postage and other fees prepaid) or (c) on the day after it is delivered, prepaid,
to an overnight express delivery service that confirms to the sender delivery on such day, as follows:

 

If to the Company:

 

Accelerate Diagnostics, Inc.

3950 South Country Club, Suite 470

Tucson, Arizona 85714

Attention: Chief Financial Officer

Fax: (520) 269-6580

 

With a copy (which shall not constitute
notice to the Company) to:

 

Snell & Wilmer L.L.P.

One Arizona Center

400 East Van Buren

Phoenix, Arizona 85004

Attention: Daniel M. Mahoney

Fax: (602) 382-6070

 

If to the Standby Purchaser, as
provided on the signature page hereto.

 

or to such other representative or at such
other address of a party as such party hereto may furnish to the other parties in writing in accordance with this Section 8.

 

Section 9.            Entire
Agreement. This Agreement constitutes the entire agreement and understanding between the Standby Purchaser and the Company,
and supersedes all prior agreements and understandings relating to the subject matter hereof.

 

    	5

    	 

    

 

Section 10.           Indemnification.
 To the fullest extent permitted by law, the Standby Purchaser hereby agrees to indemnify and hold harmless the Company, its
affiliates, and their respective directors, officers and authorized agents from and against any and all losses, claims, damages,
expenses and liabilities relating to or arising out of any breach of any representation, warranty, covenant or undertaking made
by or on behalf of the Standby Purchaser in this Agreement.

 

Section 11.           Governing
Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware.

 

Section 12.           Amendments.
This Agreement may be modified or amended only with the written consent of the Company and the Standby Purchaser.

 

Section 13.           Severability.
If any provision of this Agreement shall be invalid under the applicable law of any jurisdiction, the remainder of this Agreement
shall not be affected thereby.

 

Section 14.           Miscellaneous.

 

(a)          Notwithstanding
any term to the contrary herein, no person other than the Company or the Standby Purchaser shall be entitled to rely on and/or
have the benefit of, as a third party beneficiary or under any other theory, any of the representations, warranties, agreements,
covenants or other provisions of this Agreement.

 

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

 

(c)          This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, when
taken together, shall constitute one and the same instrument.

 

(d)          The
Standby Purchaser shall not assign this Agreement or any of its rights hereunder without the Company’s prior written consent.

 

(e)          Each
party to this Agreement shall pay his, her or its own costs and expenses (including attorney fees) incurred in connection with
the Rights Offering, the Standby Offering and the other transactions contemplated by this Agreement.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF,
the Standby Purchaser has executed this Agreement on and as of the date first set forth above.

 

	 	STANDBY PURCHASER:
	 	 
	 	ABEJA VENTURES, LLC
	 	 
	 	By:	/s/ Lawrence Mehren
	 	 	Lawrence Mehren, Manager
	 	 
	 	Address for Notices:
	 	 
	 	5661 North Calle Mayapan
	 	Tucson, Arizona 85718

  

	ACCEPTED AND AGREED:	 
	 	 
	ACCELERATE DIAGNOSTICS, INC.	 
	 	 
	By:	/s/ Steve Reichling	 
	 	Steve Reichling	 
	 	Chief Financial Officer

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