0001104659-11-032133 Sample Contracts

FORM OF NON-STATUTORY STOCK OPTION AGREEMENT
Non-Statutory Stock Option Agreement • May 27th, 2011 • Biosante Pharmaceuticals Inc • Biological products, (no disgnostic substances) • Illinois

THIS NON-STATUTORY STOCK OPTION AGREEMENT is entered into and effective as of this day of , (the “Date of Grant”), by and between BioSante Pharmaceuticals, Inc. (the “Company”) and (the “Optionee”).

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FORM OF INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • May 27th, 2011 • Biosante Pharmaceuticals Inc • Biological products, (no disgnostic substances) • Illinois

THIS INCENTIVE STOCK OPTION AGREEMENT is entered into and effective as of this day of , (the “Date of Grant”), by and between BioSante Pharmaceuticals, Inc. (the “Company”) and (the “Optionee”).

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