Sorrento Issues a “FAQ” in Response to Large Number Of Urgent Requests from Scilex Dividend Short Holders and/or Record Holders - Seite 3

1.   What are the expected mechanics to buying stock from Sorrento mentioned in pg. 5, section “Process” option ii

1. How are clients expected to pay Sorrento for Scilex shares?
   
   1. Yes, buyers should expect to wire funds to Sorrento. Wiring instructions will be provided in the Purchase Agreement.
2. How will the shares be received? i.e. DWAC into DTC on CUSIP 80880W106 or book entry at Continental?
   1. Shares will be held in book-entry form at Continental.

2.   In regards to shares purchased directly from the company, what restrictions are applied if any?

If restrictions applied, are they above and beyond the original spinoff restriction since they are being directly purchased from the company?

1. The shares will be sold by Sorrento to Buyer pursuant to the Registration Statement on Form S-1 (File No. 333-268603) filed by Scilex with the SEC on November 30, 2022, and declared effective by the SEC on December 27, 2022, and therefore will be transferred by Sorrento in a registered transaction. However, the shares will be subject to a lock-up through September 1, 2023 and therefore are “restricted” from a transfer perspective through the lockup period absent a waiver from Scilex. Upon expiration of the lock-up on 9/1/23 (unless otherwise extended by the Bankruptcy Court), Scilex will instruct its transfer agent to remove the lock- up as of 9/2/23.

About Sorrento Therapeutics, Inc.

Sorrento is a clinical and commercial stage biopharmaceutical company developing new therapies to treat cancer, pain (non-opioid treatments), autoimmune disease, and COVID-19. Sorrento's multimodal, multipronged approach to fighting cancer is made possible by its extensive immuno-oncology platforms, including key assets such as next-generation tyrosine kinase inhibitors ("TKIs"), fully human antibodies (“G-MAB library”), immuno-cellular therapies (“DAR-T”), antibody-drug conjugates (“ADCs”), and oncolytic virus (“Seprehvec”). Sorrento is also developing potential antiviral therapies and vaccines against coronaviruses, including STI-1558 and COVI-MSC, and diagnostic test solutions, including COVIMARK.