X0306 4 2019-07-31 0 0001509261 Rezolute, Inc. RZLT 0001314773 Elam Nevan C C/O REZOLUTE, INC. 201 REDWOOD SHORES PARKWAY, SUITE 315 REDWOOD CITY CA 94065 1 1 0 0 Chief Executive Officer Stock Option (right to buy) 0.29 2019-07-31 4 A 0 15000000 0 A 2029-07-31 Common Stock 15000000 15000000 D 2,500,000 of the options is fully exercisable as of the date of grant. Vesting of 7,500,000 options will occur in thirty-six equal installments beginning on the first day of each month thereafter, such grant vested in full after 3 years. The remaining 5,000,000 options vest equally over a 36-month period following certain performance and market price criteria. Such remaining options will not necessarily vest or convert into non-derivative securities to be beneficially owned by the Reporting Person. /s/ Nevan C. Elam 2019-09-16