On February 3, 2023 Oncocyte Corporation, a California corporation ("Oncocyte" or the "Company"), entered into a Stock Purchase Agreement (the "Agreement") with Dragon Scientific, LLC, a Delaware limited liability company ("Buyer"), and Razor Genomics Inc., a Delaware corporation and wholly-owned subsidiary of Oncocyte ("Razor") (Filing, 8-K, Oncocyte, FEB 3, 2023, View Source [SID1234626829]). Pursuant to the Agreement, Oncocyte agreed to sell, and Buyer agreed to purchase, 3,188,181 shares of common stock of Razor, which constitutes approximately 70% of the issued and outstanding equity interests of Razor on a fully-diluted basis. Following the closing of the transaction (the "Closing"), Oncocyte will own 1,366,364 shares of common stock of Razor, which will constitute approximately 30% of the issued and outstanding equity interests of Razor on a fully-diluted basis. Pursuant to the terms of the Agreement, the Agreement may be terminated under certain circumstances, including, among other things, if the Closing has not occurred by February 1, 2023 (the "Outside Date").

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On January 30, 2023, the Company, Buyer and Razor entered into a First Amendment to Stock Purchase Agreement whereby the parties agreed to the extend the Outside Date, as set forth in Section 3.1(e) of the Agreement, to February 15, 2023 ("First Amendment"). No other provisions of the Agreement were otherwise amended or waived by the First Amendment, and the Agreement remains in full force and effect.

The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the First Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.