SPECTRUM PHARMACEUTICALS, INC.
TERM SHEET FOR 2009 INCENTIVE AWARD PLAN
STOCK OPTION AWARD
FOR GOOD AND VALUABLE CONSIDERATION, Spectrum Pharmaceuticals, Inc. (the “Company”), hereby
grants to Participant named below a stock option (the “Option”) to purchase any part or all of the number of shares
of its common stock (the “Common Stock”), that are covered by this Option, as specified below, at the Exercise
Price per share specified below and upon the terms and subject to the conditions set forth in this Term Sheet, the
Spectrum Pharmaceuticals, Inc. 2009 Incentive Award Plan (the “Plan”) and the Standard Terms and Conditions
(the “Standard Terms and Conditions”) promulgated under such Plan, each as amended from time to time. This
Option is granted pursuant to the Plan and is subject to and qualified in its entirety by the Standard Terms and
This Option is intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of
1986, as amended (the “Code”), but the Company does not represent or warrant that the Option qualifies as such.
If this Option fails in whole or in part to qualify as an incentive stock option, then this Option shall to that extent
constitute a non-qualified stock option. By accepting this Term Sheet, Participant acknowledges that he or she has
received and read, and agrees that this Option shall be subject to, and Participant shall comply with, the terms of
this Term Sheet, the Plan and the Standard Terms and Conditions.
IN WITNESS WHEREOF , the Company has caused this Option to be executed by its duly authorized officer.
[Participant/Spouse Signature page follows on the reverse side of this Term Sheet]
Name of Participant:
Number of Shares of Common Stock covered by Option:
Exercise Price Per Share:
SPECTRUM PHARMACEUTIALS, INC.