Sorrento Therapeutics Inc (SRNE)

[1776club]

It would be about 1M shares of stock @$5.55.

“Exchange Payment” means an amount in cash equal to $55,000,000.”
"Section 2.1. Section 2.1 of the Exchange Agreement is hereby amended and restated to add the following
words “and Contingent Cash Rights” to the last clause of Section 2.1, (i) immediately following the words “a majority of the
Parent Shares” and immediately before the words “may request, on a one-time basis only,”; and (ii) immediately following the
words “that all Parent Shares” and immediately before the words “be exchanged for a number of shares of Company Common
Stock equal to the quotient obtained by dividing (a) $55,000,000 by (b) the Exchange Share Price (the “Exchange Shares”) by
delivery of an Exchange Request to the Company”