On June 24, 2019, Xenetic Biosciences, Inc. (the "Company"), in connection with its previously announced reverse stock split, reported that it entered into a consent agreement (the "Consent Agreement") with certain holders (the "Holders") of warrants to purchase shares of the Company’s common stock whose consent was required to effect the reverse stock split (Filing, 8-K, Xenetic Biosciences, JUN 24, 2019, View Source [SID1234537830]). In consideration of the Holders’ consent, the Company agreed to issue the Holders warrants (the "Consent Warrants") to purchase an aggregate of 100,000 shares of the Company’s common stock, on a pre-split basis, at an exercise price per share based on a volume weighted average price for the five trading days following the effectiveness of the reverse stock split, as further described in the Consent Warrants. On a post-split basis, the Company will issue Consent Warrants to purchase an aggregate of 8,335 shares of Company common stock to the Holders. Copies of the Consent Agreement and a form of the Consent Warrants are filed as Exhibit 10.1 and Exhibit 4.1 to this report and are incorporated herein by reference.

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