0001088020-05-000063 Sample Contracts

INCENTIVE STOCK OPTION AGREEMENT-STANDARD
2005 Stock Plan • September 21st, 2005 • Palatin Technologies Inc • Pharmaceutical preparations • Delaware

AGREEMENT made as of the Date of Grant set forth on the Option Certificate, between Palatin Technologies, Inc. (the “Company”), a Delaware corporation having a principal place of business at 4C Cedar Brook Drive, Cranbury, New Jersey 08512, and the employee of the Company identified on the Option Certificate (the “Employee”).

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NON-QUALIFIED STOCK OPTION AGREEMENT PALATIN TECHNOLOGIES, INC.
Non-Qualified Stock Option Agreement • September 21st, 2005 • Palatin Technologies Inc • Pharmaceutical preparations • Delaware

AGREEMENT made as of the Date of Grant set forth on the Option Certificate attached hereto, between Palatin Technologies, Inc. (the “Company”), a Delaware corporation having a principal place of business at 4C Cedar Brook Drive, Cranbury, New Jersey 08512, and the individual identified on the Option Certificate (the “Participant”).

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