X0306 4 2016-06-23 0 0001506251 Citius Pharmaceuticals, Inc. CTXR 0001221559 SAFIR HOWARD 11 COMMERCE DRIVE FIRST FLOOR CRANFORD NJ 07016 1 0 0 0 Options to Purchase Common Stock 0.001 Common Stock 181056 D Options to Purchase Common Stock 0.8 2016-06-23 4 A 0 200000 0.8 A 2026-06-23 Common Stock 200000 200000 D On April 11, 2014 the Reporting Person was granted a ten-year option to purchase 100,000 shares of LMB common stock at an exercise price of $0.001 per share. The option vests in 1/3 increments over a three year period commencing on the first anniversary of the date of the grant, or April 11, 2015. On March 30, 2015 the Issuer entered into that certain Agreement and Plan of Merger (the "Merger Agreement") by and among the Issuer, Citius LMB Acquisition Corp., a Delaware corporation and wholly-owned subsidiary of the Issuer and Leonard-Meron Biosciences, Inc., a Delaware corporation ("LMB"). Pursuant to the Merger Agreement, the option was converted into an option to purchase 181,056 shares of the Issuer's common stock at a per share exercise price of $0.001. The Option vests in 1/3 increments over a three year period with the first installment vesting on April 11, 2015. The options vest in full on the first anniversary of the date of grant. /s/ Erica B. Jackson, by power of attorney 2016-06-27