May 3, 2018 Mr. Barry J. Simon
Exhibit 10.1
May 3, 2018
Xx. Xxxxx X. Xxxxx
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Dear Xx. Xxxxx:
Reference is made to that certain Executive Employment Agreement by and between you and NantKwest, Inc. (the “Company”) dated January 1, 2015 (the “Employment Agreement”). Capitalized terms used herein that are undefined shall have the meanings given to them in the Employment Agreement.
Notwithstanding the terms of the Employment Agreement, including, but not limited to Section 3.1 thereof, you hereby agree to permit the Compensation Committee of the Company to determine in its own discretion, the annual increase of your future Base Salary starting with your Base Salary for fiscal year 2018.
Sincerely,
/s/ Xxxxxx Xxxx
General Counsel
Agreed and Accepted
/s/ Xxxxx X. Xxxxx
President & CAO of NantKwest, Inc.
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