PEREGRINE PHARMACEUTICALS, INC. PERFORMANCE SHARE AWARD AGREEMENT/ STOCK BONUS PLANPerformance Share Award Agreement • July 14th, 2006 • Peregrine Pharmaceuticals Inc • In vitro & in vivo diagnostic substances • California
Peregrine Pharmaceuticals, Inc., a Delaware corporation (“Peregrine” or the “Company”), hereby awards to [NAME] (the “Grantee”), a participant in the Peregrine Stock Bonus Plan (the “Bonus Plan”), as it may be amended, a Performance Share Award (the “Award”) for the number of shares of Common Stock of the Company (“Stock”) as set forth in Section 1 and subject to adjustments as provided in Sections 4 and Section 5 below. The Award is made effective as of the 13th day of February, 2006. The Award is under the Company’s 2005 Stock Incentive Plan (“Incentive Plan”), and any shares of Stock earned and to be issued pursuant hereto shall be issued from and in accordance with the Incentive Plan.
