X0306 4 2016-09-08 0 0000876343 BIOTIME INC BTX 0001308105 SKIBSTED RUSSELL 1010 ATLANTIC AVENUE SUITE 102 ALAMEDA CA 94501 0 1 0 0 Chief Financial Officer Option to Purchase Common Shares 3.49 2016-09-08 4 A 0 50000 0.00 A 2026-09-07 Common Shares 50000 50000 D Option to Purchase Common Shares 3.36 2025-11-15 Common Shares 450000 450000 D One quarter of the options shall vest upon the completion of 12 months of continuous employment from the date of grant on September 8, 2016 and the balance shall vest in 36 monthly installments upon the completion of each month of continuous employment from the first anniversary of the date of grant. One quarter of the options shall vest upon the completion of 12 months of continuous employment from the date of grant on November 16, 2015 and the balance shall vest in 36 monthly installments upon the completion of each month of continuous employment from the first anniversary of the date of grant. /s/Russell Skibsted 2016-09-09