Precipio Inc Watch

from 8-K 12 pages Interest Rate the Interest Rate Disclosed on This Business Loan and Security Agreement Supplement (The "Interest Rate") Is the Rate of Interest Calculated by Dividing the Interest Charge by the Amount of Loan. Interest Rate (Calculate as if All Payments Made as Scheduled). Disbursement Amount the Disbursement Amount Is the Amount of Loan Minus the Origination Fee and the Payoffs of Prior Loans/Lines to the Extent Applicable

from 8-K 7 pages Termination and Tenth Amendment to Loan and Security Agreement

from DEFA14A 7 pages Termination and Tenth Amendment to Loan and Security Agreement

from 8-K 8 pages Limited Waiver and Ninth Amendment to Loan and Security Agreement

from 8-K 8 pages Limited Waiver and Eighth Amendment to Loan and Security Agreement

from 10-Q ~10 pages Limited Waiver and Seventh Amendment to Loan and Security Agreement

from 8-K 8 pages Limited Waiver and Sixth Amendment to Loan and Security Agreement

from 8-K 6 pages Limited Waiver and Fifth Amendment to Loan and Security Agreement

from 10-K 5 pages Limited Waiver and Third Amendment to Loan and Security Agreement

from 8-K 5 pages Fourth Amendment to Loan and Security Agreement

from 10-Q 6 pages Second Amendment to Loan and Security Agreement

from 8-K 7 pages First Amendment to Loan and Security Agreement

from 10-K 62 pages Loan and Security Agreement

from 10-Q ~10 pages Term Loan Agreement

from 10-K ~10 pages Revolving Line of Credit Agreement

from S-1/A 1 page <page> First National Bank of Omaha Letterhead March 7, 2000 Mr. William Rasmussen Transgenomic Inc. 5600 S. 42 St Omaha, Ne 68107 Dear Bill: First National Bank of Omaha Officially Waives Transgenomic's Non-Compliance With the Following Covenants as Defined in the Loan Agreement September 17, 1997, Which Has Been Amended From Time to Time, Effective as of the Company's Fiscal Year End of December 31, 1999: 1. Maintain No Less Than $8,250,000 of Tangible Net Worth; 2. Maintain a Maximum Debt to Tangible Net Worth of Not More Than 1.2:1.0. 3. Maintain a Minimum Working Capital of $4,250,000. 4. Restrict the Purchase or Lease of Fixed Assets to an Amount That Does Not Exceed the Depreciation Taken in the Company's Fiscal Year. This Waiver Is Based on the Draft Copy of the Audit Showing a Tangible Net Worth of $6,868,980; Debt to Tangible Net Worth of 1.47:1.0; Working Capital of $3,493,881; and Fixed Asset Purchases of $1,894,093 and Depreciation of $1,364,246. Sincerely, /S/ Mark McMillan Mark McMillan Vice President