X0306 4 2020-06-19 0 0001649989 Outlook Therapeutics, Inc. OTLK 0001815678 Huang Andong C/O OUTLOOK THERAPEUTICS, INC. 4260 US ROUTE 1 MONMOUTH JUNCTION NJ 08852 1 0 0 0 Stock Option (Right to Buy) 1.35 2020-06-19 4 A 0 25000 0.00 A 2030-06-19 Common Stock 25000 25000 D The option will vest in three equal annual installments such that the stock option will be fully vested as of the third anniversary of the grant date, subject to (x) the Reporting Person's Continuous Service to the Issuer through such vesting date and (y) acceleration upon a Change in Control. /s/ Lawrence Kenyon, Attorney-in-Fact 2020-06-23