AMENDMENT NO. 1 TO THE
2003 OMNIBUS INCENTIVE COMPENSATION PLAN

 

The Alpharma Inc. 2003 Omnibus Incentive Compensation Plan (the "Plan") is
hereby amended effective as of the dates indicated below, as follows:

1. Effective as of Janaury 1, 2005, Section 1.1 of the Plan is hereby amended by
adding the following to the end thereof:

"With respect to awards/options granted under the Plan that are subject to
Section 409A of the Code, the Company intends that Section 409A of the Code, the
regulations issued there under and any other applicable IRS guidance shall
apply."

2. Effective as of April 1, 2006, Section 7.10 entitled "Substituting SARs" is
hereby deleted in its entirety.

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