X0303 4 2009-07-01 0 0000812796 DOR BIOPHARMA INC DORB 0001127785 SCHNITTKER CHRISTOPHER P 29 EMMONS DRIVE SUITE C-10 PRINCETON NJ 08540 0 1 0 0 VP ADMIN CONTROLLER Stock Option (Right to Buy) .175 2009-07-01 4 A 0 750000 0 A 2009-07-01 2019-06-30 Common Stock 750000 750000 D Granted stock options to purchase 750,000 shares of the Company's common stock, of which 187,000 shares vest immediately and the remainder of the options will vest on each three (3) month anniversary of the grant date at a rate of 46,875 options per quarter. The exercise price of the options equals $0.175 per share, the market price of the Company's common stock as of the close of business on July 1, 2009. /s/ Christopher P. Schnittker 2009-07-08