SEC Contract Filing

Filing Date: 2019-11-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>2
<FILENAME>dmtk-ex1017_136.htm
<DESCRIPTION>EX-10.17
<TEXT>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.17</p>
<p style="text-align:center;line-height:11pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AMENDMENT NO. 1</p>
<p style="text-align:center;line-height:11pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;letter-spacing:-0.25pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">TO</p>
<p style="text-align:center;line-height:11pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">LETTER AGREEMENT</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Amendment No. 1 (this &#8220;<font style="font-weight:bold;font-style:italic;">Amendment</font>&#8221;), dated as of August 28, 2019, to the Letter Agreement (as defined below) is made by and among Constellation Alpha Capital Corp., a British Virgin Islands company (the &#8220;<font style="font-weight:bold;font-style:italic;">Company</font>&#8221;) and Centripetal, LLC, a Delaware limited liability company, Rajiv Shukla, Craig Pollak, Alan Rosling, Kewal Handa and John Alexander (collectively, the &#8220;<font style="font-weight:bold;font-style:italic;">Insiders</font>&#8221;). All terms used but not defined herein shall have the meanings assigned to them in the Letter Agreement.</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Company and the Insiders entered into an Letter Agreement dated as of June 19, 2017 (the &#8220;<font style="font-weight:bold;font-style:italic;">Letter Agreement</font>&#8221;); and</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, Section 3(a) of the Letter Agreement sets forth the terms that govern restrictions on the transfer of the Insider Shares by the Insiders; and</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, in connection with the Business Combination contemplated by that certain Agreement and Plan of Merger, dated as of May 29, 2019, as amended, by and among the Company, DermTech, Inc., a Delaware corporation, and DT Merger Sub, Inc., a wholly owned subsidiary company of the Company incorporated in Delaware, the Company will issue to certain investors, shares of the Company&#8217;s common stock, par value $0.0001 per share (the &#8220;<font style="font-weight:bold;font-style:italic;">Common Stock</font>&#8221;), at a price of $3.25 per share (the &#8220;<font style="font-weight:bold;font-style:italic;">PIPE</font>&#8221;); and</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, as a result of the PIPE, the Company and the Insiders have agreed to adjust the closing price of the Ordinary Shares, which will be exchanged for shares of Common Stock in connection with the Business Combination, at which the Insider Shares will be released from the lock-up provided in the Letter Agreement from $12.50 to $4.00.</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;margin-left:7.69%;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW THEREFORE, IT IS AGREED:</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font>Section 3(a) of the Letter Agreement is hereby amended to delete the term &#8220;$12.50&#8221; and replace it with the term &#8220;$4.00&#8221; in the only place it appears.</p>
<p style="margin-top:12pt;line-height:11pt;margin-bottom:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font>Section 3(a) of the Letter Agreement is hereby amended further to add the following language to the end of the section: &#8220;Notwithstanding the provisions set forth herein, Transfers of the securities that are held by the Sponsor, any Insider or any of their permitted transferees (that have complied with this paragraph), are permitted (i) to affiliates of the Sponsor, to any of the Company&#8217;s officers or directors, to officers, directors, members or beneficial owners of the Sponsor, to any affiliates or family members of any of the foregoing or to any trust where any of the foregoing is the primary beneficiary; (ii) in the case of an