SEC Contract Filing

Filing Date: 2018-07-18

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<TYPE>EX-10.1
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<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>investor
is party to a subordination agreement with silicon valley bank dated as of July 17, 2018 and enforcement of this securities purchase
agreement and payment of the note is subject to such subordination agreement.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>investor
is party to a subordination agreement with PARTNERS FOR GROWTH IV, L.P. dated as of July 17, 2018 and enforcement of this securities
purchase agreement and payment of the note is subject to such subordination agreement.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
Purchase Agreement</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">This
Securities Purchase Agreement</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(this &ldquo;<B>Agreement</B>&rdquo;),
dated as of July 17, 2018, is entered into by and between <FONT STYLE="font-variant: small-caps">Cancer Genetics, Inc.</FONT>,
a Delaware corporation (&ldquo;<B>Company</B>&rdquo;), and <FONT STYLE="font-variant: small-caps">Iliad Research and Trading,
L.P.</FONT>, a Utah limited partnership, its successors and/or assigns (&ldquo;<B>Investor</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
Company and Investor are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by the Securities Act of 1933, as amended (the &ldquo;<B>1933 Act</B>&rdquo;), and the rules and regulations promulgated thereunder
by the United States Securities and Exchange Commission (the &ldquo;<B>SEC</B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
Investor desires to purchase and Company desires to issue and sell, upon the terms and conditions set forth in this Agreement,
a Convertible Promissory Note, in the form attached hereto as <U>Exhibit A</U>, in the original principal amount of $2,625,000.00
(the &ldquo;<B>Note</B>&rdquo;), convertible into shares of common stock, par value $0.0001 per share, of Company (the &ldquo;<B>Common
Stock</B>&rdquo;), upon the terms and subject to the limitations and conditions set forth in such Note.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C.
This Agreement, the Note, the Subordination Agreements (as defined below) and all other certificates, documents, agreements, resolutions
and instruments delivered to any party under or in connection with this Agreement, as the same may be amended from time to time,
are collectively referred to herein as the &ldquo;<B>Transaction Documents</B>&rdquo;.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">D.
For purposes of this Agreement: &ldquo;<B>Conversion Shares</B>&rdquo; means all shares of Common Stock issuable upon conversion
of all or any portion of the Note; and &ldquo;<B>Securities</B>&rdquo; means the Note and the Conversion Shares.</FONT></P>

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