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LOCK-UP AGREEMENT

Lockup Agreement

LOCK-UP AGREEMENT | Document Parties: QUIKBYTE SOFTWARE INC | Parent Corp | Sorrento Therapeutics, Inc | Sorrento, Parent, Sorrento Merger Corp, Inc You are currently viewing:
This Lockup Agreement involves

QUIKBYTE SOFTWARE INC | Parent Corp | Sorrento Therapeutics, Inc | Sorrento, Parent, Sorrento Merger Corp, Inc

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Title: LOCK-UP AGREEMENT
Date: 9/21/2009

LOCK-UP AGREEMENT, Parties: quikbyte software inc , parent corp , sorrento therapeutics  inc , sorrento  parent  sorrento merger corp  inc
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Exhibit 10.2

LOCK-UP AGREEMENT

Parent Corp.

                                        

                                        

                                        

Attn:                                         

Ladies and Gentlemen:

     The undersigned, a holder of shares of Sorrento Therapeutics, Inc., a Delaware corporation (“ Sorrento ”), and/or QuikByte Software, Inc., a Colorado corporation (together with its successors, “ Parent ”), will hold shares of common stock, $0.0001 par value, of Parent (“ Parent Shares ”) after the transactions contemplated by that certain Merger Agreement, dated as of July 14, 2009 by and among Sorrento, Parent, Sorrento Merger Corp., Inc., a Delaware corporation, Stephen Zaniboni, an individual as the Stockholders’ Agent thereunder, and Glenn Halpryn, an individual as Parent Representative thereunder, as amended (the “ Merger Agreement ”). For good and valuable consideration, the undersigned hereby irrevocably agrees that following the closing of the merger contemplated under the Merger Agreement (the “ Merger ”), the undersigned will not, directly or indirectly, (1) offer for sale, sell, pledge or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any Parent Share, including, Parent Shares that may be deemed to be beneficially owned by the undersigned in accordance with the rules and regulations of the United States Securities and Exchange Commission and Parent Shares that may be issued upon exercise of any options or warrants, or securities convertible into or exercisable or exchangeable for Parent Shares, (2) enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of Parent Shares, whether a


 
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