BIO-TECHNOLOGY GENERAL CORP.
1992 STOCK OPTION PLAN
1. Purpose. The purpose of the Bio-Technology General Corp. 1992 Stock Option Plan (the "Plan") is to enable
Bio-Technology General Corp. (the "Company") and its stockholders to secure the benefits of common stock
ownership by key personnel of the Company and its subsidiaries. The Board of Directors of the Company (the
"Board") believes that the granting of options under the Plan will foster the Company's ability to attract, retain and
motivate those individuals who will be largely responsible for the continued profitability and long-term future
growth of the Company.
2. Stock Subject to the Plan. The Company may issue and sell a total of 12,000,000 shares of its common stock,
$.01 par value (the "Common Stock"), pursuant to the Plan. Such shares may be either authorized and unissued
or held by the Company in its treasury. New options may be granted under the Plan with respect to shares of
Common Stock which are covered by the unexercised portion of an option which has terminated or expired by
its terms, by cancellation or otherwise.
3. Administration. The Plan will be administered by a committee (the "Committee") consisting of at least two
directors appointed by and serving at the pleasure of the Board. To the extent required by the applicable
provisions of Rule 16(b)-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), no
member of the Committee shall have received an option under the Plan or any other plan within one year before
his or her appointment or such other period as may be prescribed by said Rule. Subject to the provisions of the
Plan, the Committee, acting in its sole and absolute discretion, will have full power and authority to grant options
under the Plan, to interpret the provisions of the Plan, to fix and interpret the provisions of option agreements
made under the Plan, to supervise the administration of the Plan, and to take such other action as may be
necessary or desirable in order to carry