X0303 4 2011-01-05 0 0000894158 ADEONA PHARMACEUTICALS, INC. AEN 0001076653 KANZER STEVE H C/O ADEONA PHARMACEUTICALS, INC 3930 VARSITY DRIVE ANN ARBOR MI 48108 1 0 1 0 Common Stock 375246 D Common Stock 7086380 I Accredited Venture Capital LLC Stock Options 1.50 2011-01-05 4 A 0 25000 0 D 2011-01-05 2018-01-04 Common Stock 25000 304391 D Received in exchange for shares of Pipex Therapeutics Inc. common stock upon the October 31, 2006 merger of Pipex Therapeutics, Inc. and a wholly owned subsidiary of the Registrant. Mr. Kanzer is the managing member of Pharmainvestors LLC, the managing member of Accredited Venture Capital, LLC. /s/ Steven H. Kanzer 2011-01-07