Amendment to Binding Term Sheet, dated as of April 20, 2021, by and between Sorrento Therapeutics, Inc. and ANP Technologies, Inc

Contract Categories: Business Finance - Term Sheets
EX-10.4 4 srne-ex104_129.htm EX-10.4 srne-ex104_129.htm

Exhibit 10.4

Sorrento Therapeutics, Inc.

4955 Directors Place

San Diego, CA 92121


April 20, 2021




ANP Technologies, Inc.

824 Interchange Boulevard

Newark, Delaware 19711

Attn: Ray Yin


Dear Ray:


Reference is made to that certain Term Sheet, dated February 24, 2021 (the “Term Sheet”), between Sorrento Therapeutics, Inc. and ANP Technologies, Inc.  The Term Sheet is hereby amended to extend the “Standstill Period” referred to in Paragraph J (Standstill Period) thereof to expire at 5:00 p.m. San Diego, California local time on May 4, 2021.  The Term Sheet is not otherwise modified by this letter.


Very truly yours,


Sorrento Therapeutics, Inc.


By: /s/ Henry Ji, Ph.D.

Name:Henry Ji, Ph.D.

Title:President and Chief Executive Officer


Acknowledged and agreed by:


ANP Technologies, Inc.


By: /s/ Ray Yin

Name:Ray Yin

Title:President & CEO